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Domestic IT spend to grow 11.9% to Rs 2.59 Lakh Crores in 2019

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Press Release – Immediate

In 2019

  • India domestic IT spend is estimated to grow at 11.9%, reaching INR 2,60,000 Crores
  • Spend on emerging digital technologies[1] by the Enterprise and Government segments to grow at 29% over 2018, thus accounting for 30% of their overall IT spend
  • The growing emerging digital technologies spend shall offset the otherwise stagnating and commoditized hardware and software markets (PC, Server, Storage, Networking, and In-premise Enterprise Software)
  • The Second Wave of Digital in the form of emerging technologies like AI, ML, Big Data Analytics, RPA and IoT shall firm up further

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Gurgaon/ Delhi NCR, January 01, 2019.

India domestic IT spending is estimated to grow at 11.9% in 2019 and reach a size of INR 259,762 Crores. The spending grew at 11.5% in 2018 as against a start-of-year prediction of 11.6%. This was revealed by Coeus Age, a fast-growing research organization, in its annual research report India Business and IT Priorities 2019.

The research report is based upon inputs of 108 CIOs/ IT Heads of very large, large and medium sized Indian enterprises. Inputs were sought regarding their business priorities and IT plans for 2019.

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‘After an aberration in 2017 due to the disruption caused by the structural changes undertaken in the form of demonetization and GST roll out, the IT spend growth bounced back in 2018. This is on the back of a revival of the Indian economy, which is expected to continue through 2019, translating into a growth of 11.9% in the IT spend’, commented Dr. Kapil Dev Singh, CEO, Coeus Age.

The report reveals that the growth is catalysed by enterprise and government spending on digital and consumer spending on smartphones and digital services. In 2018 digital spend by enterprise and government segments put together, grew by 27.5% over 2017, accounting for 25.2% of their overall IT spend. The proportion of spend on digital is estimated to grow to almost 30% in 2019, implying a growth of 29% over 2018. The commoditized traditional hardware and software products (PC, Server, Storage, Networking, and In-premise Enterprise Software) spend is estimated to grow at slightly below 4%.

There is also an expressed interest by the enterprises towards exploring the latest digital technologies like Artificial Intelligence (68%[2]), big data analytics (60%), machine learning (46%), and Internet of Things (40%).

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‘We had predicted that the second wave of digital represented by the likes of AI, ML, RPA and IOT would gain traction in 2018 and shall become mainstream in 2019. That is becoming a reality as the interest of the enterprise and government customers is converting into ‘on the ground’ concrete projects. This is evident in many industry verticals such as BFSI, Automobile, Healthcare, Infrastructure, Utilities, Oil & Gas etc.’  commented Dr. Kapil Dev Singh.

 

For press enquiries contact Dr. Kapil Dev Singh at +91-9811771187 or mail at kds@kdsnext.com.

About Coeus Age

Coeus (Koios) was the Greek Titan of intelligence, the axis around which the heavens revolved. In the current age, enterprise intelligence is the axis around which organizing takes place, a true source of strategic advantage and success.

Coeus Age is a fast-growing research and consulting organization that is continuously developing actionable insights for the business and government leaders build value amid digital disruption.

http://www.coeusage.com

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[1] Social Media, Mobility, Analytics, Cloud (Wave1 of Digital);

Big Data Analytics, IoT, AI, ML, RPA, Blockchain (Wave 2 of Digital); and

Cyber Security, Hyper Converged and Software Defined Infrastructure (Digital-ready Infrastructure)

[2] Percentage of CIOs Planning to Implement

India domestic IT spend to grow at 12.9% in 2017

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India domestic IT spend to grow at 12.9% in 2017, thus reaching INR 214,012 Crores

Digital technologies to account for 18% of the total IT spend

67% of the enterprises  see Digital as one of the top 2 IT priorities

[YOU CAN DOWNLOAD A DETAILED PRESENTATION BY CLICKING HERE]

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Gurgaon/ Delhi NCR, December 29, 2016.

India domestic IT spending is estimated to grow at 12.9% in 2017 and reach a size of INR 2,14,012 Crores. The spending grew at 12.3% in 2016 as against a start of year prediction of 13.5%. This was revealed by Coeus Age Consulting in its annual research report Enterprise Business Priorities and IT Plans, India, 2017.

The research report is based on inputs from 100 + CIOs/ IT Heads of very large, large and medium sized Indian enterprises regarding their business priorities and IT plans for 2017.

‘The domestic IT spend has been gradually picking up since its lowest in 2013. This is supported by the emerging strength of fundamentals in the Indian economy, despite the global challenges. With the new tax regime becoming a reality and a massive push by the government on digital, the growth shall pick pace by 2018’, commented Dr. Kapil Dev Singh, Founder and CEO, Coeus Age Consulting.

The performance in 2016 has been below the estimates given the delays in GST implementation and passing of other key economic legislations. The stage now seems to be set for their implementation and emergence of a supportive business environment. The passing of Aadhaar Act, 2016 to spur eGovernance initiatives and the massive push by the government on digital economy, the IT and digital spend will receive a major boost in 2017 and beyond.

The spending on digital (SMAC+) (by the enterprise and government sectors) will grow at 43% to touch 38, 522 INR Crores in 2017. This will be 18% of the overall IT spend.

The study also revealed that 67% of the responding CIOs see digital technologies as one of the top 2 IT priorities for 2017, up from 53% in 2016 and 40 % in 2015.

This is further complimented by 33% and 26% of the CIOs putting architectural or applications overhaul respectively as one of the two priorities for 2017. It shows that majority of CIOs are planning to upgrade their underlying infrastructure and applications for allowing a deeper play of the digital technologies in 2017.

‘The initial flirting with digital technologies in a piecemeal manner is giving way to serious building of digital and converging it with the underlying IT infrastructure and applications. The transformation journey for many Indian enterprises shall begin in 2017, which shall spread to become main stream in the coming years. Today, the boards of many enterprises are asking difficult questions and their CEOs are very seriously contemplating as to how digital can be leveraged to build value’, commented Dr. Kapil Dev Singh.

For inquiries contact Dr. Kapil Dev Singh at +91-9811771187 or mail him at kds@kdsnext.com.

About Coeus Age Consulting

Coeus (Koios) was the Greek Titan of intelligence, the axis around which the heavens revolved. In the current age, enterprise intelligence is the axis around which organizing takes place, a true source of strategic advantage and success.

Coeus Age Consulting is a next-generation knowledge domain service provider. Coeus Age Consulting intends to bring the latest thinking in the field of leadership, strategic management, economics, process management, information management, and organizational development to enterprises; and enable them to build business value from IT and digital.

 

3 Questions related to building a Digital Enterprise!

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We believe every organization in every industry needs an evaluation of its digital foray. It’s a myth that only certain industries are embracing digital and all others can continue with traditional ways of doing business. It’s the right time for an evaluation and creating a fitting digital strategy.

Embracing digital and undertaking transformation requires enterprises to change. The change is not simply supeficial but also at the deeper levels. We have identified 3 essential questions, based upon the 7 aspects of market, strategy, capabilities, boundaries, leadership, culture, and technololgy. The enterprise leadership needs to evaluate the organization using the 3 questions before undertaking any meaningful digital journey.

We present a brief description of an assessment framework to do so. The framework is built upon integrating three important aspects- the external market synch, the capabilities and their exploitation and the internal readiness.digital-assessment

Let’s understand each of these three aspects.

1. The External Market Synch

Digital onslaught can come in various forms, many a time in small ways but with hidden dangers of becoming big. Are you aware of what’s happening in your industry and in the market place? There are three broad ways in which challenge may manifest.

– Known competitors may be adopting digital to enhance their market reach or their capability to produce next gen quality products or becoming more efficient in carrying out operations. Each one of them is a potential challenge for you.

– Unknown competition from other industries may be extracting a higher share of the consumers’ wallet. E.g. DTH is foraying into areas, which are a direct competition to other entertainment options like movies and game arenas.

– New forms of supply and distribution intermediaries emerging, challenging the market power of the traditional players. They may provide better products, superior services and compete on cost.

2. The (Digital) Capability and its Exploit

An organization cannot become digital for the sake of it. The specifics in terms of how much, why and how should ideally be determined by assessing what capabilities the organization needs to compete and how should digital help build or exploit those capabilities.

A digital capability is not just about technology (though technology is an integral part of it), but about the organizational processes and people competencies, which can be leveraged strategically and exploited for competitive advantage.  These organizational processes may already exist and be converted into capabilities by technology or newer processes can be created with the help of technology. In both the cases organizational capabilities, which are required to compete can be created and exploited.

The question how much digital to go and in what areas to focus should ideally be answered by an assessment of what specific capabilities are existing and must be exploited (or new capabilities must be built and exploited).

3. The Internal Digital Readiness

Once an assessment of the synch with the market place and the capabilities and their exploitation, the internal readiness must be assessed. The internal assessment is not absolute but relative to what specific capabilities have been identified.

The internal readiness has two important aspects-

  • Organizational Enablers (the leadership focus, supporting culture and enabling structures)
  • Technology (the mash-up of core, catalyst and digital technologies)

For a customized presentation on the research findings on Digital Enterprise and how it can help your business, write to us at kds@coeusage.com