Technology

This decade and perhaps the next few ones, will be the next decade of tremendous Growth for India, and several other countries. The Internet and the Cloud technologies have enabled both Great Opportunities as well as potential threats for any business.

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Opportunities

• Technology-enabled Businesses: Business customers are shopping for Products and Services through the Internet, from their computers and mobile devices. Products, especially non-perishable products, and Service ordering like product repairs and warranties, will be handled more and more over the internet.

• Advanced and Reliable Technology is now available for Indian Businesses: For decades, Indian businesses and customers did not necessarily have the best and reliable technology products available to them. Coupled with the explosive growth of reliable telecommunication provides, Indian businesses no longer need to be stuck with aging or sub-standard local technology products. Purchase and Maintenance of technology products (i.e., computer servers, network, software, etc.) became a burden and expensive for businesses. With the introduction of Cloud Technology backed by world-class organizations like Amazon, Google and Microsoft, Indian businesses now have the same world-class technology and affordable prices in their hands.

• Technology will be the differentiator and winner: Today the top business organizations are the Technology innovators and adaptors. Period. Amazon, Google, Microsoft, Oracle, are all the multi-billion-dollar enterprises that have upstaged a host of previously large businesses in sales, just by being the early technology innovators and adaptors. In India, e-commerce businesses like FlipKart, Myntra, Amazon.com India, have all sprung up from almost nowhere, just with technology-enabled businesses, and they are leading sales all the way.

• Focus on your Business: With the cloud technologies, a lot of traditional overhead in managing technology are absorbed by the cloud providers themselves, so you can focus on your business.