Industry captains place big bets on new-age tech

Mint asked top company bosses how they see disruptive technologies such as artificial intelligence, blockchain and 5G impacting Indian firms. The IT and digital transformation industry is witnessing exponential growth in the use of cutting-edge digital technologies like Blockchain, 5G, AI, automation, robotics, cybersecurity and IoT. One can expect all these new age technologies to make greater inroads both in the Indian and global markets, in the years ahead. As part of our TechMNxt charter, we are collaborating and co-innovating with our partner ecosystem to derive business value for our customers by leveraging these digital technologies. I believe if companies are pre-emptive in the data protection space, there will be a huge business opportunity for Indian IT players like Tech Mahindra, not just in the European markets but globally too. At Tech Mahindra, we are bullish on 5G and as part of our preparedness for 5G, we are investing in 5G training labs in partnership with global players as well as setting up a training academy. The government of India has been focusing heavily on developing India into a $1 trillion digital economy by 2025. The government's focus on developing digital governance services and Smart Cities by adapting new age technologies like automation, AI, cybersecurity, blockchain and IoT has contributed to the growth of the Indian IT industry in recent times and promises to open additional avenues in the future.