CIOs looking to make the best use of Digital Transformation By CIOReviewIndia Team

Innovative technologies such as Mobile, Cloud computing, Internet of Things (IoT), Artificial Intelligence (AI), and robots have revolutionized the automation and intelligence of digital technology over the last decade. Similarly, due to the rapid penetration of aforementioned technologies, India digital transformation market generated revenue of $24.5 billion last year, and it is projected to advance at a CAGR of 74.7 per cent during the forecast period (2019–2024), according to Prescient and Strategic (P&S) Intelligence. With overall growth in the information and communication technology (ICT) sector, the country is also expected to increase the rate of digital transformation in the coming years with CIOs looking to make the best use of it, so as to increase productivity, enhance efficiency and improve customer experience. By region, North, South, East, and West are the categories of the digital transformation market in India. Out of which, South India is predicted to be the largest as well as fastest-growing market, registering a CAGR of more than 75.0 per cent in the aforementioned forecast period.