“How Digital Tech Is Transforming Business Ecosystem”

Access to web and data analytics disrupt value chains and push companies to reinvent their business approaches. The adoption of AI, IoT, machine learning, data analytics, etc

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Access to web and data analytics disrupt value chains and push companies to reinvent their business approaches. The adoption of AI, IoT, machine learning, data analytics, etc.  helps businesses fulfill needs of internal and external stakeholders. Digital transformation is backed by a complex eco-system: consulting, devices, sensors, edge technology, connectivity, cloud, applications, analytics, data, security, etc. For a successful transition to digitalization one needs business models that define real value for customers and process analytics at the right time. India’s National Digital Communications Policy (NDCP) 2018 is meant to build digital infrastructure to achieve a target of 5 billion connected devices by 2022. The government’s Digital India and Make in India initiatives aim to bring high speed Internet services to every nook and cranny of the country. From bank accounts to kiosks, every sector will be treated individually, so they can use government services electronically with safety. With the advent of cyberspace-based disruptive services, India is rapidly progressing in its digital transformation. Digital services, such as IoT services, are a crucial part of enterprises aiming to create a 24×7 connected world. TRAI (Telecom Regulatory Authority of India)’s recommendation for 2018: focus on Internet of Things (IoT) and Machine to Machine (M2M) to achieve Industry 4.0.