India’s Electronics Manufacturing Services (EMS) industry is on the brink of a significant revenue surge, with projections indicating a more than doubling of revenues to reach US$ 55 billion by FY 27. This anticipated growth is fueled by increased local component sourcing and the expansion plans of global tech giants...
India is now recognized as a significant and rapidly expanding digital market globally. Digitalization has stimulated the rise of industries like e-commerce and the creation of cutting-edge technologies, including artificial intelligence. These developments have led to a surge in new digital consumers. For example, about 70% of all Indian Internet...
The digital landscape in India is undergoing a transformative shift, driven by the convergence of conversational platforms and generative artificial intelligence (Gen AI). According to Meta and Bain & Company report, the integration of Gen AI into conversational messaging for business transactions is projected to attract approximately 450 million new...
In the latest episode of our Tech Trailblazers series, India Business and Trade engaged in a captivating conversation with Sudeep Kulkarni, founder of Game Theory. Kulkarni’s venture is revolutionising the recreational sports industry by merging sports with cutting-edge technology to create an immersive, gamified experience. The discussion began with Sudeep...
The financial services industry is transforming due to generative AI (GenAI), which promises to enhance customer service with advanced chatbots, prevent fraud, and streamline complex tasks like code development and regulatory reporting. McKinsey Global Institute estimates that GenAI could add between US$ 200 billion and US$ 340 billion annually to...
Counterfeiting in packaging industry is actually way more harmful to business prospects than most companies realise, with an estimated loss of US$ 4.5 trillion globally. This means that there is an untapped demand in the market that brands are not fulfilling today, as they are not aware of this demand...
India’s data centre (DC) industry has demonstrated remarkable growth, with its capacity doubling since the onset of the COVID-19 pandemic. According to a recent report by CBRE South Asia, titled ‘Asia Pacific Data Center Trends Q1 2024’, India’s data centre capacity is expected to surpass 1800 MW by 2026, positioning...
Indian businesses face a lot of challenges in cross-border payments, including high transaction fees, unfavourable exchange rates, complex payment processing, currency conversion issues, and compliance & regulatory hurdles. In this interaction with IBT under the Tech Trailblazers series, Ankit Parik, Country Head, Ping Pong, shares how the company’s cross border...
India’s business landscape is experiencing a significant shift driven by artificial intelligence (AI). A recent study by Teamlease Digital reveals that AI adoption across key sectors has reached nearly 48% in FY24, with projections indicating a further increase of 5-7% in FY25. This rapid growth positions India as a promising...
In the second edition of our ‘Tech Trailblazers’ series, we engaged with Ms. Addya Rai, co-founder and Chief Operating Officer of PAiGPT. She has a diverse portfolio of accomplishments, including her role as the founder of Sadhya The Absolute Aim and her dedication as a UPSC mentor and educator. Her...
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