AI, AR, ML, VoLTE To Boom In 2018: Deloitte
VoLTE is expected to be the most prevalent voice technology in the future. It is also estimated that more than 90 percent of all mobile subscribers will comprise of broadband subscribers by 2023, according to a Deloitte Touche Tohmatsu India LLP report.
OTT platforms are witnessing an explosion in original content due to increase in consumption and viewership, the report says, adding that they will gradually become a preferred medium over television, with the consumers of vernacular content likely to become over 2.5 times that of English language content by 2021, it said.
The publication highlights the fact that ‘Machine Learning’ will intensify among medium and large-sized enterprises. Compared to 2017, the number of implementations and pilot projects using machine learning technology is likely to double in 2018 and then doubling again in 2020.
As enterprises in India embrace technology to bring transparency and efficiency in business operations, data assumes center stage in decision-making, setting the stage for tools such as advanced analytics and machine learning to usher value-chain efficiencies, a Deloitte India spokesperson said.
“India is one of the fastest growing technology market in APAC, with the on-going digital transformation of public sector and private sector enterprises enabled by changing market dynamics and policy interventions. Enterprises across industries are increasingly adopting technology driven solutions to improve customer experience, optimize business operations, and compete effectively in the market. Catalyzed by the availability of cost effective computing infrastructure and flexible business models through Cloud computing, andthe adoption of exponential technologies such as AI, ML, AR, IoT etc., technology sector in India is truly at an inflection point,” said PN Sudarshan, Partner, Deloitte India.
He added, “Trends such as IoT will catalyze the emergence of analytics at the edge. Digital revolution, also known as ‘The Internet Economy’ is creating a new market for digital first services, which has the potential to optimize value chains, bring transparency, and improve overall productivity in the economy.”
Newer technologies like LTE, LTE-A, LTE-A Pro and 5G will make wireless internet commercially more viablefor home internet users. The smartphone riding on new innovation will consolidate its position as the primary access to digital services and content, and live streaming and OTT video content arelikely to gain popularity.
Here are some more highlights from the TMT Predictions 2018 India edition:
Internet of Things, Realizing thePotential
IoT-driven point solutions will be adopted to solve a specific business issue. IoT-driven enterprise solutions would help organizations redefine their business models and provide innovative services for their customers.
Analytics (finally) Travels Beyond the Back Office
Enterprises will combine external perspectives, social inputs (surveys, social media comments, response to a feedback questionnaire) to the internal data sources to improve customer service.
VoLTE: Enabling Next-gen Voice Services
Deloitte predicts that more than 60% of all broadband subscribers would be utilizing Voice over LTE (VoLTE) technology for voice services by 2023 surpassing 5 billion subscribers globally.
Sports Media in India Set to Unlock New Horizons
Indian sports business will continue to attract global investments. With broadcasters paying as much attention to rural segment, these geographies will continue to lead the way for Sports sector in India, especially with Tier 2 leagues beginning to receive widespread attention.
Mobile only: Wireless Home Internet Bigger Than You Think
Due to challenges in deployment of fixed broadband networks, current rural internet penetration stands at 17 percent. In future, demand for fixed broadband would be limited to consumers with higher bandwidth/QoS requirements, with majority of home internet requirements catered through wireless network.
AR: On the Cusp of Reality
The Indian market is witnessing the emergence of AR service providers helping enterprises embrace AR as part of their digital experience strategy. India’s $150 billion technology services industry has the potential to play a key role in increasing the adoption of AR for global businesses by building a robust supply of talent, business models, and frameworks to accelerate deployments.
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