Nasscom

In Q2 FY24, the total funds raised stood at $15 million across nine rounds, driven primarily by enterprise applications and Agentic AI

Digital tech SMEs - which offer cloud services, advanced analytics, and AI solutions - will account for 35-40 per cent of overall tech SME revenue by FY30

North America accounts for 50-55 per cent of the Indian tech SME revenue with specific focus around niche cloud, AI, IoT, and SaaS products

The legislation will empower the cross-border flow of data across all countries "by default" unless a country features on the negative list

Delayed decision-making, economic uncertainty, and inflation along with demand contraction in some markets are expected to be the major headwinds for the sector

Industry on track to achieve $500 bn by 2030, but skilling gap needs to be addressed on priority

The USD 245-billion Indian technology industry on Wednesday flagged the "employability gap" in engineering graduates, saying that the education system is not focusing on building strong foundational and professional skills. Debjani Ghosh, the president of the technology industry lobby Nasscom, told reporters that the gap in skillsets forces IT companies to spend more time in training the freshers before they are deployed, which results in significant costs. Over the last two decades, Indian IT companies have been rendering services for the world courtesy of cost arbitrage and the number of engineering graduates which the country puts out into the market every year. But the changing nature of requirements seems to have led to disappointments. Ghosh said that today's engineers are not working in backoffice any more, but sitting with the customers as the industry shifts from service provider to digital transformation partner. our current educational system does not focus on building g

The sector had revenues of USD 226 billion in FY22, the industry lobby said in its strategic review. The cross currency headwinds have shaved off over 2 per cent of the revenue growth

India's 'AI Skills Penetration Factor' has been reported to be 3.09 -- the highest among all G20 and OECD countries

The Nasscom report reflects on the rising presence of women in Indian start-up ecosystem

Amid the growing fears of slowdown and global recession, the Union Budget is growth-oriented, boosting allocations across sectors, according to IT industry body Nasscom. The budget offers a playing ground for the startup community as well, and has highlighted that India is the third largest ecosystem for startups, Nasscom said in a statement. "Amidst the growing fear of slowdown and global recession, the Union Budget 2023 is growth-oriented and committed budget, that has boosted allocations across sectors," the IT industry association said. India is walking the talk on becoming a global digital economy, enhancing competitive advantage with focus and investments across key intervention areas. "Calling out the Indian economy as tech-driven, knowledge-based economy, the budget focuses on three key transformational trends that will help build India its competitive advantage - digital transformation, energy transformation, and supply chain resilience," said Nasscom, the apex body for th

Emerging use cases in customer engagement, multi-channel customer support and real-time simulations for product designing are gaining traction

The startup ecosystem in eastern India, particularly West Bengal is improving, NASSCOM (East) chairman Sanjoy Chatterjee said here on Wednesday

Nasscom said the clause on cross-border data flow should recognise a range of transfer mechanisms

Indian tech industry hired around 380,000 freshers in FY22 and over 70 per cent of Gen Z students are keen to take up tech jobs in the near future, a Nasscom report said on Friday

NASSCOM Foundation launched the "Aspirational Districts Programme" intending to digitally enable and skill over 3.5 million people by March 2024

Provisions on non-personal data, criminal penalties, hardware certification scheme, and statutory data residency requirements among those axed

Vaishnaw said that as the PDP Bill gets finalised, on cross-border data flows, the government will ensure that the approach focusses on strengthening data protection without disrupting data flows

India's deep tech startups need higher seed and early stage funding to grow faster as only 11 per cent of technology-related funds reach this ecosystem as of now, National Association of Software and Services Companies (NASSCOM) president Debjani Ghosh said on Friday. Deep tech or deep technology startups are enterprises that work in the area of emerging technologies like artificial intelligence (AI), robotics, quantum, blockchain, Internet of Things (IoT), drones and augmented reality (AR). Speaking at a workshop on 'Startups and Entrepreneurship: Vision India@2047', organised by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce, Ghosh pointed out that of the total 25,000-plus tech startups in the country, only 3,000 are related to deep tech that account for only 12 per cent. India has some excellent deep tech startups working across the entire range of emerging technologies, but only 11 per cent of total technology-related funding i

'Tremendous amount' of data will be flowing into India, says leader of research and policy group