Our CEO, Tarun Dua, writes a blog about India’s digital transformation powered by Cloud Computing in ‘Voices, Tech’, The Times of India.
Read the full blog here: https://timesofindia.indiatimes.com/blogs/voices/cloud-computing-powering-indias-digital-dna
The Breakneck Speed of India’s Digital Transformation
According to the Ministry of I&B (Information and Broadcasting), the number of smartphone users in 2022 totaled 750 million. By the first half of 2023, there’s a staggering 692 million internet users in India, signaling a 48.7 percent internet penetration rate. Deloitte predicts that the number of smartphone users in India will surpass 1 billion within the next three years. By 2026, India’s e-commerce market is also expected to grow to a value of $200 billion.
All of this promises a growing market for cloud infrastructure.
If you know anything about India, you would know that the efforts of the UIDAI (Unique Identification Authority of India) to streamline identity authentication through Aadhaar, combined with the contribution of UPI (Unified Payments Interface) has established India as a global leader in digital payments. In 2022, UPI clocked over 74.05 billion transactions in volume and Rs 126 trillion in terms of value, according to a report by Worldline, a global leader in payment services. The average ticket size (ATS) for UPI P2P transactions was Rs 2,753 and ATS for UPI P2M transactions was Rs 687.
So where does Cloud Computing fit in?
Cloud Computing: A Practical Approach
Cloud computing is simply about providing scalable and flexible computing resources on demand. This easy solution allows businesses to launch their entire platform on cloud, without having to support any additional infrastructure in-house.
One of the superpowers of this technology is scalability, allowing partner businesses to effortlessly adjust their computing resources to match fluctuating demands. This helps drive down costs, allowing startups and revenue-focused businesses to launch and test innovative products without the need for an early capital investment. Companies no longer needed to build a data center team – their cloud provider can handle it all end to end, thereby significantly reducing administrative overheads.
Additionally, it lets teams seamlessly access data and applications from anywhere, enabling remote work and fostering collaboration on a global scale. Data security on cloud ensures that sensitive information is safeguarded while offering reliable storage and backup systems.
Now, let’s discuss the emergence of Generative AI globally, and specifically in India.
The Unfolding Story of AI in India
The AI revolution in India is dependent on GPUs, or Graphics Processing Units, that accelerate AI workloads, enabling faster training and inference times. Unlike traditional Central Processing Units (CPUs), GPUs excel in parallel processing, allowing them to handle large amounts of data and complex calculations simultaneously.
Businesses are implementing GPU technology to develop AI-powered solutions across healthcare, finance, agriculture, and manufacturing. For example, GPUs help healthcare startups analyze medical imaging data and aid in diagnosis, while financial institutions are employing them for fraud detection.
In November 2022, India took over as Council Chair of Global Partnership on AI, an international initiative to support responsible and human-centric development of AI.
So India is now on the driver’s seat to shape the future of AI governance and tech, with the focus on crafting safe and reliable applications for the people and the government. To prepare the youth, 4.7 million Indian youth are being trained on digital technologies related to Industry 4.0, including AI, IoT, drones, and 3D printing.
By 2035, AI is projected to contribute approximately USD $967 billion to the Indian economy. It is also expected to contribute between USD $450 to $500 billion to India’s GDP by 2025, representing around 10% of the country’s target GDP of USD $5 trillion.
India’s public cloud market grew by 44% between 2016 to 2021. By 2024, nearly 40% of Indian organizations will use cloud services in some form, according to a recent IDC report.
We at E2E Networks are poised to take on this change with our competitively priced cloud infrastructure made in Bharat, made for Bharat. If you are an SME or startup operating out of India, write to sales@e2enetworks.com.