09/12/2020 - S & T

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KEY POINTS

·        Cloud computing is the on-demand delivery of IT resources over the Internet with pay-as-you-go pricing. Instead of buying, owning, and maintaining physical data centers and servers, you can access technology services, such as computing power, storage, and databases.

·        India’s cloud market was about $2.5 billion in 2018, accounting for a less than 1% of the global cloud spend. From an India perspective, Google has announced the setting up of its second cloud region in Delhi in 2021.

·        The Indian government is emerging as an active participant; Niti Aayog, along with AWS, has announced the launch of the Frontier Technologies Cloud Innovation Centre, a public-private partnership to address societal challenges through digital innovation.

·        India is an emerging software-as-a-service (or SaaS) hub. It boasts of 1,000-plus SaaS companies, over 150 of which have annual recurring revenues of more than $1 million.

·        India’s small & medium businesses (SMBs) present a huge untapped opportunity. India’s national and state governments are playing a critical role in promoting cloud adoption.

·        The national government’s Cloud Vision for India 2022 aims to establish India as a global hub for cloud computing, content hosting and delivery, as also data communication systems and services.

·        The government’s role in policy-making is critical. Two areas of immediate impact could be: An enabling champions platform for micro, small and medium enterprises (MSMEs) to become technology resource centres and an accelerated implementation of India’s digital MSME scheme.

·        In the recent past, several multinational companies have announced the setting up of data centres and cloud solutions due to an increasing need for data storage in India. This, in turn, has the potential to unlock great data-driven value for the nation.

Kindly provide feedback. Thank you Mam/Sir

Please review