With billions of devices to be connected each other and the online healthcare and online retail spending expected to grow at a higher rate, the future poses a lots of opportunities and challenges in the digital infrastructure space, according to a KPMG report.
The study, quoting the Department of Electronics and Information Technolgy that the Internet of Things (IoT) industry in India is expected to be a $15 billion market by 2020 and it is expected that India would have a share of 5-6% of the global IoT industry, the digital infrastructure is expected to create tremendous opportunities for various technology players across verticals and in key applications such as smart cities, smart utilities, smart healthcare, smart transportation and more in India.
However, there would be challenges like security, data breach and interoperability which may pose as a barrier for the overall framework. Security could be the utmost concern, as data would be exchanged over connected devices and under pinned by data breach of personal information.
The consumer could be one of the most important stakeholders in this scenario, says the report titled – Digital Infrastructure: Enabling the world of tomorrow – which was unveiled at the CII Connect 2014, organised by the Confederation fo Indian Industry.
“Digital infrastructure will power the next mega trend as connected devices converge bringing more efficiency and possibilities in the future. Industry players and society need to leverage digital infrastructure to create more opportunities and economic value. In addition, digital infrastructure is expected to play a major role in the success of the ‘Make in India’ initiative,” said K K Raman, partner, KPMG in India.
Long term success of digital infrastructure in a country like India could depend upon how well infrastructure operations work along with technological challenges. India, as a growing nation, could be looking to invest continuously in newer technologies and capabilities, while also driving their mass deployment, overcoming the challenges that manifest as hard and soft issues, it added.
The Information and Communications Technology (ICT) sector in Tamil Nadu has a potential to grow to $100 billion by 2023, considering the thrust the State is giving to the sector, say experts. The State has currently 18-20% of the $120 billion industry and according to estimations the industry size would be around $400 billion by 2023, of which at least 25% could be from Tamil Nadu, said R Chandrasekaran, executive vice chairman of Cognizant India, while delivering his address in the CII Connect.
He added that there is a need to spread digital literacy along with the building up of the infrastructure, since a meagre infrastructure would not be usable without the people having knowledge of how to use it.