Going digital has long since stopped being a buzzword. According to Statista, nearly half of the world's population regularly uses the internet. Siddharth Mehta IL&FS , a former director of and the current founder and CIO of Bay Capital, adores digitalization and applauds the Indian government for putting it into practice all across the nation. The effect of digital transformation today seems to be that everyone uses the internet on a smartphone, making day-to-day tasks simple. These days, instantaneous business transactions and global online travel are not trends but rather everyday necessities. Software can easily digitize your business with so many options available. You can keep up with global trends if you digitize your data and apps. Including businesses, the government, healthcare, the media, science, etc., every aspect of society has undergone digital transformation or digitalization. It developed into a motivator for business activity both internally and ...
The astonishing growth of India’s economy in the 21st century is one of the great success stories of the Internet age. The nation has one of the largest digital subscriber bases and is the fastest growing market in the world, with well over half a billion Internet users. The government’s push towards online public service delivery has catalyzed this rapid digitization, aided by the private sector’s endeavor to make mobile devices and cheap data services available and accessible. Analysis shows that increasing digitization could enable India’s core Internet sectors to account for up to 10 percent of the country’s GDP by 2025, help farmers cut costs of growing crops by 15 to 20 percent, create great value in key economic sectors such as education, financial services, healthcare and logistics, ease public service delivery and even help streamline India’s fragmented job market. India’s new cybersecurity directions proposed by the Indian Computer Emergency Response Team, known as CERT-...
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