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The cloud market and global capability centres (GCC) are among the fast-growing segments of India's digital economy which is expected to drive a fifth of national GDP by 2030, a report by MEITy has said. The report, prepared by the Indian Council for Research on International Economic Relations (ICRIER) and the Ministry of Electronics and Information Technology (MEITy), said India's digital economy was equivalent to Rs 31.64 lakh crore in GDP in 2022-23. While the traditional ICT (Information and Communications Technology) sector remains the largest component of the digital economy, digital platforms and the digitalisation of brick-and-mortar sectors are growing rapidly, the report pointed out. The country's cloud market, which accounted for 1.1-1.2 per cent of the global market in 2020-23, and GCCs (global capability centres) were named some of the fastest-growing segments of the digital economy. "India's digital economy is expected to grow almost twice as fast as the overall ...
Cloud adoption in India is surpassing artificial intelligence adoption as more than half of the organisations surveyed plan to increase investment in cloud, IT major Wipro said in a report. The Pulse of Cloud: Quarterly Report July 2024 by Wipro FullStride Cloud drew insights from over 500 senior executives and decision-makers at medium large-scale enterprises across North America, the UK, Germany, France and Switzerland between May and June 2024. "A majority of organisations (55 per cent) report that their cloud adoption is ahead of their AI adoption, while 35 per cent say they are moving at the same pace with both technologies. "54 per cent of organisations plan to increase hybrid cloud investment and 56 per cent plan to increase investment in public cloud," the report said. Only 10 per cent of the respondents surveyed reported that their AI adoption is outpacing the cloud. "At Wipro, we see cloud economics as an intelligent management strategy that can better manage costs as ..
Air India has shut down its two data centres and has moved its computational workload to the cloud, a move that will help the loss-making airline save nearly USD 1 million annually. In a release on Tuesday, the Tata Group-owned airline said it has successfully migrated to a cloud-only IT infrastructure, having closed its historic data centres located in Mumbai and New Delhi. "The closure of the data centres will further result in net savings of nearly a million dollars every year," it said. The entire process of migration to the cloud was managed by Air India's people in Silicon Valley in the US, Gurugram and Kochi in India. The computational workloads were migrated to the cloud from several mainframes, hundreds of servers, a large amount of data, and hundreds of pieces of equipment. According to the release, the now-closed data centres were once used to drive innovations and automations across multiple spheres of the airline's commercial and financial functions. "We have adopted