Digital transformation spending in India to reach $85 bn by 2026

Story by  ATV | Posted by  Nakul Shivani • 1 Months ago
Representational Image

New Delhi

The digital transformation spending in India is likely to reach $85 billion by 2026 as firms in the country aim to reduce the costs by increasing efficiency, improving security/risk capabilities, and improving customer experience via tech-enabled digital transformation, a report said on Tuesday.

More than 95 per cent of Indian organisations plan to increase the spending or keep at the same level in 2023.

During the pandemic, digital transformation aided Indian organisations to survive the challenges and sustain competition.

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Indian organisations are gravitating towards the cloud, automation, artificial intelligence (AI), network infrastructure, Internet of Things (IoT), and other advanced technologies to transform them digitally.