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Indian firms slow in adopting digitisation

Author: PTI/Wednesday, August 1, 2018/Categories: Technology

Indian firms slow in adopting digitisation

Singapore - Indian corporations are slower in adopting digitisation due to lack of infrastructure despite the fact that most of the technological innovations and solutions are being developed in the country, experts said.

Almost all international organisations have set up technology labs in India. “It is a case of innovative solutions being developed in India, while the users are elsewhere in the world,” Dr Rajiv Aserkar, head of global MBA and professor of logistics and supply chain management at SP Jain School of Global Management, said.

“Indian corporations need the support of a robust infrastructure -- airports, railway network and roads -- to adopt Artificial Intelligence (AI), blockchain and Internet of Things (IoT),” he stressed.

According to Cyrille Witjas, managing director of global management consulting firm Accenture Strategy, India is well placed to manage disruptive technologies with its talented youths showing innovations and new ideas through start-ups.

India’s “demographic dividend” is not just about more number of workers but about a massive pool of highly skilled, capable and educated workforce entering the active workforce, Kumud Jha, a senior executive at Accenture Strategy, said.

This will be the critical driver supporting the global digital industry and will serve India Inc very well in times to come, Jha added. 

Indian corporations have a big advantage in adopting digital technologies at a faster pace and cost-effectively, given that most of the globally applicable innovations and solutions are coming out of laboratories based in the country, the experts said.

But as of now, the Indian corporations are slower in adopting digitisation for lack of infrastructure, Aserkar said.

“These backyard-based labs, serving the world’s leading business houses, will offer the Indians cost-effective innovations and solutions, on the next-door delivery basis,” he added.

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