Intelligent automation will catapult Indian economy to US $5 trillion dollars in the next five years, up from $2.7 trillion dollars, according to a new study commissioned by Automation Anywhere , a global leader in Robotic Process Automation (RPA.) Today, automation is driving efficiencies for enterprises, resulting in dramatic productivity gains in the back office and enhanced customer experiences in the front office. According to the study conducted by Ernst and Young India (EY,) the country will experience a significant boost to its economy to reach US $5 trillion by as early as 2024.
The research, presented today at the IAMAI's India Digital Summit 2020, examined the economic impact of automation and found that large-scale adoption of automation technologies, such as RPA, artificial intelligence, natural language processing and machine learning will drive increased efficiencies and new jobs resulting in economic growth in the next few years.
Intelligent automation will catapult Indian economy to US $5 trillion dollars in the next five years, up from $2.7 trillion dollars, according to a new study commissioned by Automation Anywhere , a global leader in Robotic Process Automation (RPA.) Today, automation is driving efficiencies for enterprises, resulting in dramatic productivity gains in the back office and enhanced customer experiences in the front office. According to the study conducted by Ernst and Young India (EY,) the country will experience a significant boost to its economy to reach US $5 trillion by as early as 2024.
The research, presented today at the IAMAI's India Digital Summit 2020, examined the economic impact of automation and found that large-scale adoption of automation technologies, such as RPA, artificial intelligence, natural language processing and machine learning will drive increased efficiencies and new jobs resulting in economic growth in the next few years.
Summary of the Bangalore Innovation Report jointly released by Accel Partners, 3one4 Capital, and IdeaSpring Capital.
• 9346 tech startups launched in the city since 2010, with 5,541 launched in the last 4 years itself (highest in the country).
• Bengaluru startups raised $31B in the last decade (45% of total).
• Since 2016, the city saw more capital inflow ($20B) than Delhi and Mumbai combined.
• 55% of Series D+ investements since 2010 happened in Bengaluru
• Bengaluru has birthed 14 unicorns (~44% of India) with a cumulative valuation of $61B (~58% of India)
• Next Generation: 43% of soonicorns in the country are based out of Bengaluru.
• 1/4 of all deeptech, fintech, and healthtech startups in Bengaluru have recieved funding
• World’s first pan-sector regulatory sandbox along with the strong supporting infrastructure will continue to push innovation in the state and provide the right platform for new startups to launch.
Le eco chairman yt jia believes india’s user value will surpass chinaAshish Jhalani
Leading global internet conglomerate LeEco reaffirmed the importance the Indian market has to the company amid its recent strategic realignments. “India represents the future and its user value may surpass China in a few years,” said YT Jia, co-founder and chairman of LeEco at the company’s investor meeting in Beijing on November 10.
A couple of years ago, there were worries that India wasn't seeing too many exits of startups through mergers & acquisitions (M&As) or IPOs. But in the first six months of 2016, India saw the third highest tech startup exits, according to US startup database CB Insights.
August 2016 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : Information Technology
Brand Analysis: Omega
Case Study Analysis: Zara
Concept of the month: Product Portfolio
Summary of the Bangalore Innovation Report jointly released by Accel Partners, 3one4 Capital, and IdeaSpring Capital.
• 9346 tech startups launched in the city since 2010, with 5,541 launched in the last 4 years itself (highest in the country).
• Bengaluru startups raised $31B in the last decade (45% of total).
• Since 2016, the city saw more capital inflow ($20B) than Delhi and Mumbai combined.
• 55% of Series D+ investements since 2010 happened in Bengaluru
• Bengaluru has birthed 14 unicorns (~44% of India) with a cumulative valuation of $61B (~58% of India)
• Next Generation: 43% of soonicorns in the country are based out of Bengaluru.
• 1/4 of all deeptech, fintech, and healthtech startups in Bengaluru have recieved funding
• World’s first pan-sector regulatory sandbox along with the strong supporting infrastructure will continue to push innovation in the state and provide the right platform for new startups to launch.
Le eco chairman yt jia believes india’s user value will surpass chinaAshish Jhalani
Leading global internet conglomerate LeEco reaffirmed the importance the Indian market has to the company amid its recent strategic realignments. “India represents the future and its user value may surpass China in a few years,” said YT Jia, co-founder and chairman of LeEco at the company’s investor meeting in Beijing on November 10.
A couple of years ago, there were worries that India wasn't seeing too many exits of startups through mergers & acquisitions (M&As) or IPOs. But in the first six months of 2016, India saw the third highest tech startup exits, according to US startup database CB Insights.
August 2016 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : Information Technology
Brand Analysis: Omega
Case Study Analysis: Zara
Concept of the month: Product Portfolio
We are pleased to inform you that Business India, a leading magazine of the corporate world of India in its issue dated April 3rd, 2023, has published an article on Biocube Technologies.
The article covers the changing landscape of the biometric industry; how Biocube is going to make its mark in the sector and the uniqueness and disruptive nature of Biocube’s offerings. And how Mr. Subodh Narain Agrawal was inspired to create the same.
Perception and Expectation of customer in real estate (ghaziabad,UP)Shubham Aggarwal
India is an over populated country and day by day population is increasing rapidly which created the housing problem. Land prices skyrocketed. Due to high price, insufficiency of land, high cost of land registration, and high price of building materials, people are now not interested to buy a land for building their own house. That’s why they turn to real estate companies who are providing flats or apartments. In response, real estate business has enjoyed a boom over the years. In all over the India, there are now companies growing up like Ansal , wave etc. these companies also spreading throughout other divisional and district towns. There are some secondary literature based articles like real estate financing by Sarkereal. (2011). But there is little research, specifically primary data based one, - what customers are looking for, why they are choosing particular apartment, particular company and for what factors.
Deloitte Tech Trends 2023 is a comprehensive report that delves into the impact of adopting new-age technologies on ground-breaking innovations and foundational business industries such as BFSI, health care and pharmaceuticals, e-commerce, retail, and manufacturing. This report outlines expected trends that can disrupt businesses.
With the advent of the digital era, technology has continued to be the primary catalyst in shaping the world, and has led to an unprecedented amount of change, both at work and at home. As a result of the pandemic, there has been a significant impact that has begun to break the inertia of digital adoption due to several government policies and initiatives, driving the adoption of emerging technologies across various industries
India - Startup Nation - 3one4 Capital (November 2022) 3one4 Capital
India is now the third-largest startup ecosystem globally. It has 107 unicorns as we end 2022, having passed 85 unicorns over CY 2021 and adding 13 more over JFM 2022. India is now only behind the US at 489 and China at 222.
This is the decade that consumers across the country will have embraced tech-led solutions for their daily needs, India’s businesses will exploit tech to future-ready their operations and support the shift towards a self-reliant economy, and tech becomes mainstream. With over 800 million Indians on the Internet and over 400 million millennials in the country, this is now the second-largest and youngest Internet population globally. The mass migration of daily spending - from education and entertainment to groceries and health - to digital products and services has meant that the Internet TAM is larger than most people assumed.
This ecosystem has been on a compounding evolution over a decade and is built on top of pillars such as the India Stack (Aadhar for digital identity, UPI for no-cost payments) and other Digital Public Goods (DPGs), as well as innovations in low-cost internet access. With the deep involvement of industry leaders and a long-term policy commitment, these DPG systems were architected as public utilities to support the development of products, services, and platforms. Today, Indians own 1.2 billion unique Aadhar accounts, 1 billion bank accounts, and 900 million mobile connections. This has truly created an interconnected India, and a welcoming active install base of customers for startups.
India's Internet TAM (total addressable market) has most definitely seen a rapid and welcome expansion – lending fundamental support to the perceived value to be captured by its digital winners.
India is the theatre of step-function growth this decade.
MEDICI's new India InsurTech Report 2020 explores the InsurTech sector in India. The report delves into what drives transformation in the sector, regulatory initiatives, funding & investment activity, prominent players, and business models.
2. Time for NRIs to buy a house After a rollercoaster ride, the residential property market has stabilized now and a number of developers are gearing up to launch new housing projects. Developers are gaining confidence and pricing the products in a realistic manner. Realty funds are coming back to identify strategic partners for investments in residential projects.With the corporatesgearing up to expand operations, commercial space movement is also reviving with smaller spaces getting absorbed at frequent intervals unlike earlier. For homebuyers, the time is just right to strike bargain deals.
3. Infosys is one of India’s premier software company, which has contributed greatly to India’s global reputation as a powerhouse of IT exports. It has also been a pioneer in the concept of giving away its shares to its employees in the form of stock options. Of course other IT companies like Wipro, HCL, TCS, Iflex (to name a few) have similar stories of spectacular wealth creation for their employees as well as shareholders. Infosys, Wipro, HCL, TCS created wealth out of human beings
4. NRIs face tax threat under DTC The new direct taxes code could bring a large number of global Indians under the tax net as it does away with a provision that allowed individuals to escape tax in any country citing double tax avoidance. The new legislation, introduced in Parliament on Monday, says an individual shall be resident in India in any financial year if he is in the country for more than 59 days in that year and has been in India for more 365 days in the four preceding financial years.
5. 59% professionals may quit jobs due to lack of promotion: Survey A majority of Indian professionals are likely to quit their jobs this year due to lack of promotional avenues despite good work results and a lack of communication and involvement by their top managements, according to a survey . For 59 per cent of respondents, finding that the next rung in the career ladder is a no-show was the top "get me out of here" factor, a survey by Regus, revealed.
6. Maruti, Tata Motors & Skoda set to drive into MUV Segment The country’s largest carmaker Maruti Suzuki India, largest automaker Tata Motors and Volkswagen’s Skoda Auto India plan to enter the crossover market, the fastest growing segment in the passenger vehicle market. Tata Motors will roll out its Tata Aria, developed from the Xover concept, in the last quarter of 2010, while Maruti’s first crossover based on its R3 concept and Skoda Roomster will hit the Indian road next year, according to industry executives familiar with company plans.
7. In a major embarrassment for the Commonwealth Games organisers, its brand ambassador and ace shuttlerSainaNehwal today questioned India's capability of holding such a mega-event and said the preparations were "not upto the mark". In a caustic remark, Saina said that she really doubts whether Delhi was capable of holding the mega-event and she was sure it would not match the Melbourne Commonwealth Games and Olympic Games in Beijing. CWG preparations not upto the mark: Saina
8. CWG getting negative publicity abroad The Games organisers are now facing negative publicity not only at home but also in the foreign media over the dengue fever outbreak in the capital and the slow pace of work on the projects. The extensive coverage in the foreign media, including in leading newspapers like The Financial Times and The Sydney Morning Herald, is likely to add to the woes of the Games organisers who are already facing heat back home due to allegations of scams and incomplete projects. The Financial Times in a report published on Thursday said a serious dengue outbreak is “threatening to scare off athletes” .
9. Delhi Metro's Central Secretariat-QutubMinar link, that connects the city's north with its satellite town of Gurgaon in Haryana, was opened to the public Friday by Urban Development Minister S. Jaipal Reddy. Reddy, with Delhi Chief Minister Sheila Dikshit joining him, flagged off a ceremonial train on the occasion from the UdyogBhawan Metro station. Delhi Metro's Central Secretariat-Qutub Minar line opened
