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In 2023, Industry Leaders Are Gung-Ho About Technology Growth

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It is no longer news that technology plays a vital role in our daily lives. When we assume that technology cannot possibly propel invention any farther, a new horizon appears. 2022 wasn’t an exception in this regard. As always, tech experts are bullish about the sector’s ability to break through new barriers in 2023.

“The advancement of existing technologies and the emergence of new trends have reshaped our working patterns and ushered in significant transformations across industries…,” said Jagdish Mitra, Chief Strategy Officer and Head of Growth, at Tech Mahindra.

“…Artificial intelligence, for example, has become a reality in businesses, and other technologies such as metaverse, blockchain, robotics, and digital twins are expected to follow the suit in the coming years. Furthermore, the adoption of Industry 4.0 has strengthened the supply chain ecosystem, transformed manufacturing, and instilled resilience in enterprise operations..,” he added. 

In 2023, he expects autonomous systems to significantly advance.

“…I believe in 2023, we will see significant progress in autonomous systems, 5G, and green technology, as well as a quantum leap in technological skilling to digital transformation-related skilling. With digitization sweeping the globe, these emerging technology trends will define the ‘Techade’ and put India on the map as a technology superpower. India has the potential to take the lead in technological innovation, and 2023 will see a continued push toward sustainable progress, supported by newer sustainable technology trends,” he said.

The year 2023 would be a sign of “techade,” according to Rajiv Bhalla, Managing Director (India), Barco.

“In 2022, we navigated the bend to lead the digital transformation and innovation disruption, powered by new-age technologies and accelerated its amalgamation across operations and workflows. Fueled by India’s promising growth prospects, 2023 is truly going to be a ‘Techade’, given the focus on megatrends such as digitalization, R&D and innovation, local manufacturing, global offshoring, among others…,” he said.

For smartphones and other devices, India is a sizable market. India competes with other significant international markets in terms of its proportion of global tech sales. Optiemus Electronics’ Managing Director, A Gururaj, agrees.

“The hearable/wearable industry in India recorded 171% YoY growth in smartwatches, to become the biggest smartwatch market in the world…The electronics industry is set for the next wave of revolution in the coming year and 2023 can be the major milestone year in our aim to make further progress towards realizing “Atmanirbhar Bharat” in electronics,” he said.

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