industry news
India driving digital transformation in the West
India ’ s GDP figures due out August 31 for the quarter are predicted to see a modest increase , with The World Bank predicting growth to recover over the year 2017-2018 and gradually increase to 7.7 % in 2019- 2020 . Seventy years on from its independence , India is the fastest growing large economy in the world , with its $ 150 billion information technology ( IT ) industry heralded as a beacon of the economy .
India is building a global presence in areas such as artificial intelligence ( AI ), big data , robotics , cloud and Internet of Things ( IoT ). Digital modernisation in the West is increasingly being supported by Business Process Outsourcing ( BPO ) companies , with many innovations in UK companies being driven by Indian expertise .
Bhupender Singh , CEO of Intelenet Global Services , commented , ‘ Seventy years of independence has seen India transform into a global powerhouse . Indian technology innovation now positively impacts companies around the globe , and in particular , the UK and US are growing as recipients of Indian IT outsourcing investment .
‘ For those that are not digitally native , the investment that expert Indian companies have made into emerging technologies is crucial for business growth . Outsourcers have moved on from simply delivering routine tasks . Often , clients expect outsourcers to know their business and the opportunities for innovation better than they do . The UK and US are facing a shortage of skilled tech workers , and so access to India ’ s highly skilled talent pool is essential .’
For further information visit : www . intelenetglobal . com
British Tech CEO Hails ‘ Critically Important ’ Data Laws
Lawrence Jones MBE and CEO at UKFast , is hailing the government ’ s announcement on the regulation of personal data .
The new Data Protection Bill is set to deliver much needed controls over personal data for individuals and provide confidence in digital businesses trading in personal data .
According to Lawrence , the legislation must be at least equal to levels of protection offered by the EU ’ s General Data Protection Legislation ( GDPR ) which comes into Lawrence Jones force in May 2018 .
Lawrence said , ‘ The opportunity is arising for the UK to establish itself even further as a leading player in data analytics , data centres and global data processing services . We ’ re in an incredibly strong position as we hold the highest privacy standards , but we need to keep that up after we leave the EU .
‘ In light of Brexit we have been calling on the UK government to deliver legislation at least equal to the GDPR , so it ’ s reassuring to see Matt Hancock announce these measures to implement the EU law .
‘ Strong regulations like this help us to build confidence and to trade in the valuable currency of data , but the opportunity will only be realised if we maintain the same standards and inspire the same level of confidence in potential partners across the globe . We need to ensure the right safeguards are in place once we leave the EU in order to maintain and then strengthen our position .’
For further information visit : www . ukfast . co . uk
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