India is the dream destination and growth market for the world in terms of expansion of commerce and Digital India initiatives is one among them which can play a significant role for urban & rural India to transform into digitally empowered knowledge economy as well as for the overseas firms.
The CII TELECOM Convergence Summit, which was held on 18 Sep 2015 at New Delhi, highlighted the significant areas in literary form and those are Internet of Things(IoT), Digital Commerce and Cyber Security and without considering the literary forms a Digital India dream is not thinkable. The Knowledge Partner was Deloitte. Digital Revolution: Forward Path for Telecom, a CII-Deloitte publication was released at the Summit.
Key focus and highlights of the publication:
• Internet of Things (IoT): IoT technology is creating opportunities in unexpected places and ways, including Internet-connected wearables, insurance policies, retail supply chains, connected cars, etc.The success of IoT will need both technical and business model innovation. The goal should not be connecting everything; it should be the network of appropriate things.
• Net Neutrality: Because Internet connectivity does not conform to national borders, net neutrality is really a globally applicable principle that can guide Internet governance. The government should ensure that the Internet remains a platform for innovation, economic growth, and free expression and mitigate any issues with flexible and soft regulation, keeping in mind the interests of the nation, its businesses and its people
• Digital Commerce: Technology-led solutions (mobile payments, geo-fencing driven alerts, etc.) and scale will be required to sustain free home deliveries. Also, self-pickup could be a relevant play in the near future
• Cyber Security: (Security spending in India to grow to $1.1 billion in 2015 - Gartner, Needed 1 million trained cyber security professionals by 2020 - Nasscom). In the modern age, the sensitive data is no longer restricted within the boundary of the data centers, and the cyber-attacks have increased in sophistication, intensity and volume.