Despite being a considerable force behind innovation or harnessing outsourced ideas, India, as a country, is failing to be a keen accepter of digitization, according to experts who have attributed the slowness to the lack of infrastructure in the emerging economy.
It must be noted that nearly all of multinational technological firms have been opening their workstations in the country. However, the innovations are meant for North Americana and European countries rather than the country they are being developed at. For this to happen, the experts believe that Indian corporates must support the development of an adequate infrastructure of railway networks, highways, and airports as well as adopt blockchain, artificial intelligence (AI), and the Internet of Things (IoT).
There is no doubting the availability of skilled professional in India, which is the world’s second largest population and more than half of it is young – under the age of 25. Education and capabilities are giving rise to the trend of mushrooming start-ups in the country and it is expected to a drive force towards the digital industry.
In addition to that, there is a greater demand for soft skills, particularly when they can be put together with talented teams in order to perform futuristic jobs pertaining to virtual reality, machine learning, artificial intelligence, augmented reality, and internet of things. Adaptation of new technologies is essential for a young country like India to create futuristic employment prospects, and this shift will not be possible with the support from the state as well as federal governments.