Top technology trends that will change people’s lives in the new year
Live MintIn recent years, technology permeated almost every aspect of our lives as we witnessed a surge in digitalization across sectors. India made significant strides in its digitalization journey with expansion of internet connectivity across rural and urban areas, a wealth of data generated and consumed, and an ever-increasing number of digital services. Similarly, in the first half of the year, India’s IT and business services market grew 7.4%, compared with 6.4% a year ago, according to the International Data Corp. India’s growing base of 700 million active internet users enjoy one of the world’s lowest data tariffs, and account for the highest wireless data consumption at a staggering 17 GB a month, thanks to an explosion in innovative business-to-consumer, business-to-business, and government-to-citizen services. India’s data centre capacity is also set to more than double from 737 MW to 1,752 MW within the next two years, according to an Anarock-Binswager report in September. Scaling AI innovations to transform key sectors As a powerful enabler for growth, artificial intelligence is expected to add $967 billion to the Indian economy by 2035, and $450–500 billion to the country’s gross domestic product by 2025, accounting for 10% of the $5 trillion GDP target.