India is on the brink of a significant digital revolution, with projections indicating that it could grow into a $1 trillion digital economy by 2030. The country's digital landscape is rapidly expanding, thanks to an impressive 881 million internet users and a penetration rate close to 48.7%.
A key driver of this growth is the dramatic increase in the volume of digital transactions, which increased from 2,071 crore in FY 2017-18 to 13,462 crore in FY 2022-23 at a CAGR of 45 per cent. Digital payments transactions have reached 11,660 crore in the current Financial year as on 11.12.2023 and is expected to surpass FY 2022-23.
This digital shift is supported by a strong digital infrastructure, strengthened by government initiatives like the Digital India Programme and the BharatNet project.
However, this rapid growth also brings with it the challenge of increasing data breaches and cyberattacks. This necessitates strong measures to protect digital assets, and that's where data centres come into play. They are the backbone of digital security and continuity in this transformative journey.
▾ The Rise of Data Centres in India
Data centres house vital computing systems and related components, and have become the central hub of India's digital revolution. The swift expansion of data centres across the country is due to a blend of favorable conditions. A thriving consumer market, the rising trend of hybrid work models, government support, and a strong global connectivity framework have all significantly contributed to this growth.
This story is from the February 2024 edition of PCQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 2024 edition of PCQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The Future Of Digital Identity: Who Controls Your Online Data?
In a world where our personal data is increasingly intertwined with everyday life — from online shopping to healthcare — the way we manage and protect our digital identities is becoming a pressing issue
ONEPLUS Nord Buds 3
Looking for budget earbuds that punch above their weight?
OPPO F27 5G
Diving into the smartphone arena, the Oppo F27 5G emerges as a sleek contender with a flair for the dramatic. But beyond its striking looks, does it have the chops to stand up to daily demands?
EPSON EcoTank L4260
When it comes to printers, the Epson EcoTank L4260 is like the workhorse you can count on without worrying about ink running out mid-print.
How to migrate on-premise data from ERP to Cloud?
Propel your ERP from on-premise to cloud with our foolproof guide. Elevate security, slash downtime, and supercharge your global reach—all in one smart move!
From taps to clicks: India's gaming evolution
India’s gaming is evolving as players shift from mobile to PC, embracing custom builds, esports, and immersive experiences. With 5G, AI, and better connectivity, gaming is now a career path, not just a hobby. The future of gaming in India is leveling up!
Voicebot technology: Improving user satisfaction with efficient quality control strategies
Voicebots, driven by NLP and industry-specific models, are revolutionizing customer interactions with personalized, real-time support. As they evolve, these AI tools enhance user experiences and help businesses scale efficiently across sectors like healthcare and education
Harnessing AI's full potential with Retrieval-Augmented Generation (RAG)
By enhancing the precision, responsiveness, and contextual awareness of AI applications, RAG is not just redefining the possibilities of technology but also setting a new standard for the future of enterprise AI solutions
Impact of GenAI on the B2B buyer journey
Generative AI is transforming the B2B customer journey by personalizing interactions, predicting needs, automating tasks, and providing real-time support. It boosts efficiency, enhances customer satisfaction, and gives businesses a competitive edge in the evolving market
Rehab buddy: Redefining physiotherapy
Forget what you know about rehab - this smart robot is shaking things up. Rehab Buddy helps you get moving, track progress, and supercharge recovery, all while making life easier for your therapist. It's not just tech - it's the future of healing