India to increase spending on key technologies – Ready for new age of digitization says Pradeep Lavania, Co-Founder & Director of WalkingTree Technologies.
The pandemic’s global impact put a strain on organizations, especially those with plans of expansion. The Director & Co-Founder of WalkingTree, Pradeep Lavania spoke to WFY on the impact the pandemic has had on the Indian economy, what areas will see advancement, and the general vibe around technology in India.
“Due to the pandemic, digitization took a massive leap in 2020. The impact was suchthat organizations across different industries had to shift their priorities and increase focus on IT,” he said. “This brought forth the need for further investment in technology and that digitization is the way forward. Data Analytics and Artificial Intelligence are getting traction. It is an exciting time for the Indian tech community.”
Pradeep believes that a growing number of companies are now migrating from legacy to digital systems, and this is possible only through digital transformation. To achieve successful digital transformation Indian companies are already adopting DevOps methodologies. From spotting patterns to uncovering new revenue sources, DevOps is critical to digital transformation. “It’s difficult to have one without the other,” says Pradeep, “The fact is it’s a step in the right direction and a much needed one. Since organizations have now realized the benefits of digitization, the cogs can be fixed. While we are some distance away from achieving full potential, we’re heading towards it and that is what matters.” He further spoke of the need to understand the challenges related to digitalization and how to solve them.
As someone who works in the tech industry he is eager to see the developments India will make in 2022. On that topic he spoke of how India is set on increasing spending on all aspects of IT in 2022, and that the forecasts predict the IT industry’s revenue to touch $300 to $350 billion in the next five years.
An area of significant growth is AI/ML. “A growing number of organizations are now investing in AI to address various business challenges across IT, security, and data analytic functions,” said Pradeep. “Already innovative solutions are being developed to handle large volumes of data. AI/ML models are set in place to make critical business decisions. All this indicates also, a need for gathering high-quality data to train these AI/ML models.”
Speaking further on the overall vibe around technology in India, he said “The talk in India is technology and everyone wants to get on its bandwagon. New, innovative ways of solving problems using technology seems to be the norm. Judging by the current market, India is well on its way to becoming one of the top technologically advanced countries.”
As digitization continues to be a key ingredient in India’s digital agenda, Pradeep is certain that organizations will keep privacy and security as their top concerns, while creating digital workplaces, enhancing data analytics, AI, and data privacy will be areas of spending in 2022.
“Since the very beginning of WalkingTree Technologies, we’ve dedicated ourselves to providing exceptional service for our customers, and that begins with an exceptional team. We have consciously invested in our ever-growing team to bring deep expertise in cloud services, software, and infrastructure. Our diverse talent and experience makes us distinctly suited to drive innovation as we accelerate our transformation and bring differentiated solutions to the market.”