IDC said that spend on ICT in India will grow over 10% in 2021 to touch $91 bn and hit $111 bn by 2024. The revival of economic activities and growing consumer demand will accelerate this growth, said the report. BFSI and telecom will be the biggest contributor to the growth by with 14% of the overall ICT spend. The sector may grow at 7.8%, following the increased ICT investments in improving customer experience, business continuity, and cybersecurity.
NASSCOM and techUK announced the completion of the latest ‘Tech Alliance’ meeting; formed in 2018 to grow digital capabilities and skills of the two countries. The latest meeting concluded that cross-border data flow with high-end data protection is the key to bilateral trade expansion. Also, the two govt should further streamline the integration of ICT tier 2 visas for the cross-border staff mobility and also increase dialogues on technologies like AI.
1. Design, construction management software like AUTOCAD, REVIT, 3D Civil etc. 2. UAV, drones for 3D image conversion; LIDAR for earth surface examination in surveying. 3. ICT-based automation for off-site manufacturing. AI-based traffic monitoring systems integrated with Intelligent Transport System for traffic management. 4. IoT-based cloud sensors for analysing bridges’ target load. 5. Image recognition can detect cracks in concrete structures.
India, during the lockdown period, has shown a 56% increase in malicious traffic on the internet, which includes phishing, spamming and scanning of ICT systems, particularly of critical information infrastructure. A report also said, approximately more than one-third of all cyber-attacks worldwide are launched from China. The government has announced that a new policy will be brought up as there are many gaps in the current infrastructure.