As more and more latest tech come into play for the IT sector, India’s economy is set to see much upheaval with such breakthroughs. Recently, Satya Nadella, Microsoft’s CEO and Chairman, said that cloud adoption comes with lots of potential and there is “tremendous momentum” vested in adopting cloud tech.
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He made such a statement at the Microsoft Future Ready Leadership Summit, held at Mumbai, India. He also touted as cloud being a game changer. This week, the CEO has trips scheduled for Bengaluru and Delhi. Nadella will also engage in meetings with developers, main customers, start-ups, students as well as educators.
The key takeaways
The key takeaways from the address Nadella made on Tuesday are that Artificial Intelligence or AI along with cloud could further economic growth. According to data from IDC, a research firm the public cloud market in the country is poised to touch USD 13 billion by the year 2026.
AI alone come with potential to further add US$957 billion to the current gross value of India in the year 2035. This would make 15 percent of the present gross value then. Ai investments have seen spunk in growth thanks to data, tech and talent combining to create systems that has finally reached critical mass.
In terms of what AI can do, consider industrial niches and top companies first. For these entities, AI has the power to hike up profits and growth for transforming businesses.
The manufacturing niche alone can see an increase in share-of-profit of 39 percent thanks to systems that would be AI-backed.
Next, in context of entrepreneurs or young companies, the concept of AI will enable these to take on large-scale incumbents. Finally, for society as a whole, AI will help top improve public safety.
Besides, cloud computing leading IT innovations, data from reports of McKinsey as well as SaasBoomi predicts that the industry will have vested worth of $1 trillion by the year 2030.
Summing up
Continuing from what Nadella stated, it is worth noting that any PCS or public cloud service makes the computing as well as storage apps available as per demand to individuals or organizations over public internet. Nadella further said, “… we see tremendous momentum today, when it comes to cloud adoption. In fact, when I think about Microsoft Windows, in the client server era, we sold a few servers in the cloud. It’s a completely different ballgame. But I look at every business in the cloud consumption.”
