CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: In a significant move to bolster the IT landscape in Northern India, the CII Conference on Exploring IT Frontiers took place today at the CII Northern Region Headquarters. The event brought together industry leaders, experts, and stakeholders to discuss and explore the latest advancements in technology and their potential impact on the region’s economy.
The conference covered a vast spectrum of IT innovations, from the pioneering realms of AI and Generative AI to the intricate field of process mining and the foundational aspects of software engineering. One of the key highlights was the discussion on the role of data centers in enhancing Northern India’s IT capabilities.
Abhishek Gupta, Chairman, CII Punjab State & Chief – Strategic Marketing, Trident Ltd. highlighted the importance of the IT sector to India’s economy. “On a national level, the IT industry stands as a cornerstone of India’s economic growth. As of FY22, the IT sector accounted for 7.4% of India’s GDP, a figure projected to reach 10% by 2025. The IT and Business Process Management (BPM) industries’ revenue was estimated at a staggering US$245 billion in FY 2023. These numbers underscore the vital role that IT plays in our nation’s economic landscape,” Mr Gupta remarked.
He further emphasized the immense potential of Small and Medium Businesses and how IT can be a catalyst for their growth. He further shared that automation & digitalisation of repetitive tasks of routine business operations can save SMBs an average of 10% in productivity costs, which can be achieved through Digital Transformation, ERP / SCM Solutions, Cloud Computing, SAAS Models, Data Analytics, AI & ML, Customer Engagement tools, Social media and digital marketing tools. He also highlighted importance of e-commerce platforms, Internet of Things (IoT), invest in Artificial Intelligence (AI), develop a mobile strategy with focus on building a strong online presence to stay competitive and cautioned SMBs on cybersecurity threats.