Indian firms to generate 49% of revenue from digital infra by 2027: Report

Indian organisations are expected to generate as much as 49 per cent of the revenue from digitally connected products, services, and customer experiences by 2027, a report showed on Wednesday

IT companies, IT firms
IANS New Delhi
2 min read Last Updated : Feb 22 2023 | 5:06 PM IST

Indian organisations are expected to generate as much as 49 per cent of the revenue from digitally connected products, services, and customer experiences by 2027, a report showed on Wednesday.

India is leading the Asia-Pacific region, with 97 per cent of businesses using or planning to use edge computing in business operations, according to the 'CIO Technology Playbook 2023' by global technology company Lenovo and chip-maker AMD.

"With the rise of digital capabilities, businesses are leaning towards data-driven innovation to drive effective business decisions. This means staying on top of rapid innovations in Cloud, Edge, AI/ML that must meet the existing infrastructure with as-a-service offerings. CIOs today have a bigger role to play," said Amit Luthra, Managing Director, India, Lenovo ISG.

For CIOs in India, 'high energy prices' is the topmost concern in 2023, followed by 'high inflation' and 'growing geopolitical tensions' as other key challenge areas.

"We hope to inspire and inform Indian businesses as they navigate the rapidly changing and competitive landscape. This report underscores our commitment to leveraging data and innovation to create a better future for all," Luthra added.

When it comes to business priorities, for 36 per cent of CIOs in Asia, driving revenue and profit growth is the top priority, followed by driving higher customer experience and satisfaction, and cost optimization and savings for 32 per cent respondents, respectively.

Around 85 per cent of Asia Pacific organisations agree that digital infrastructure is essential to achieve business goals.

To accelerate their digital transformation (DX) and modernize legacy IT infrastructure, CIOs called out improving cyber resiliency and automating digital infrastructure management as the top investment priorities for 2023.

"The 'CIO Technology Playbook 2023' will act as a comprehensive guide to address key issues such as maximizing existing investments, addressing security and compliance concerns, and ensuring scalability and reliability of the digital infrastructure," said Vinay Sinha, Managing Director, AMD India.

--IANS

na/dpb

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Indiaonline revenuecustomers

First Published: Feb 22 2023 | 5:06 PM IST

Next Story