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The IT/ITES sector witnessed significant digital transformation in recent years. The numerous initiatives that began indicate action-packed times ahead

The rapidly rising demand for cloud-based technologies and digital transformation has attracted heavy investments in the setting up of massive data centres in India. Global investments are estimated to touch a whopping USD200 billion annually by 2025. Here are some key deals that throw light on the technological developments and trends in the industry.

CLOUD COMPUTING, SOCIAL MEDIA, AND DATA ANALYTICS ARE THREE AVENUES IN WHICH IT COMPANIES WILL WITNESS MASSIVE OPPORTUNITIES FOR GROWTH.

• Cloud computing, social media, and data analytics are three avenues in which IT companies will witness massive opportunities for growth. The SMAC (social, mobility, analytics, cloud) market is expected to be valued at over USD200 billion in the current fiscal year.

• In January 2021, TCS launched a tailored version of TCS Cloud Exponence on Microsoft Azure, its flagship platform for offering smart cloud-based services.

• In February 2021, HCL Technologies entered a five-year ‘Digital Workplace Services’ agreement with Airbus to create an enhanced platform for enabling Airbus employees across the globe to provide customers with a better experience and service quality.

• In March 2021, Tech Mahindra partnered with Enate, a UK-based Robotic Process Orchestration (RPO) solutions company that offers an RPO-based platform for business process management (BPM), workflow, and workforce management. The partnership was aimed at improving the synergy between the employees and technologies such as RPA bots, artificial intelligence, machine learning, and natural language processing.