Utility sector undergoing technological changes like never before
By MYBRANDBOOK
Sanjeev Sinha
President – IT & Digitization
India Power Corporation
CIO priorities for 2022
Key priorities for this year would be to take forward the digital initiatives which got more focus during Covid time. We have a higher budget now for several approved digital projects. Pace of implementation is expected to be faster because of greater support from stakeholders. Digital adoption pace has definitely picked up in the last couple of years and is expected to continue this year too.
Digitization - opportunities galore
Since our organization is in the utilities space, we see many such opportunities in this space, utilities sector is undergoing technological changes like never before and IT plays an important role with the objective of digitization and automation. For example, many cities are being converted into smart cities. Government has planned to implement 250 millions smart meters in the country in the next few years with optimum usage of data that gets generated. Such initiatives are opening up opportunities for IT not just to take up these projects for ourselves but extend these expertise for other organizations as well. Hence, we see IT emerging as another revenue earning vertical for such companies whose core activities are not IT.
Also, we see IT as an enabler of digital transformation which most non-IT organizations are now focusing on. During Covid times, most of the digital transformation has been expedited and so is the importance of IT in implementing these changes.
IT: The Future of India
India’s IT spend has crossed US$ 105 Billion (Source: Gartner) in the current year. This is reassuring because India is investing heavily on IT driven initiatives for the future. This is expected to grow by 5.5% in the next few years. While software continues to be the higher area of adoption, the growth is driven by new technology areas like Artificial Intelligence, Business Intelligence, Machine Learning and other areas of Data Analytics and other digital solutions like Blockchain etc. That is because some high growth industries like renewable energy rely on digital means to grow and with them the digital adoption grows too. Smart cities are another high growth area. Overall IT industry is shaping the country to become more digital. The country has a lot to catch up on digital competitiveness on the global scale and it’s the IT industry which will make it happen.
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
Autodesk continually pushing the boundaries in the Design and
Autodesk’s vision is of a better world designed and made for all. It inte
In India, 88% of Indian business leaders are planning to inves
As we move through 2024, it has become increasingly clear that AI is not ju
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
DRUVA SOFTWARE PVT. LTD.
VERSA NETWORKS INDIA PVT. LTD.
LUMINOUS POWER TECHNOLOGIES PVT. LTD.
SAMSUNG INDIA ELECTRONICS LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : RAJENDRA SINGH PAWAR
Rajendra Singh Pawar is the Executive Chairman and Co-Founder of NIIT ...
Icons Of India : NEERAJ MITTAL
He started his career as an IAS Officer in 1992. He has held various a...
Icons Of India : ALOK OHRIE
Alok Ohrie leads Dell Technologies’ India business, overseeing Sales...
PARTNER SPEAKERS
PSU
STPI - Software Technology Parks of India
STPI promotes and facilitates the growth of the IT and ITES industry i...
IOCL - Indian Oil Corporation Ltd.
IOCL is India’s largest oil refining and marketing company ...
CSC - Common Service Centres
CSC initiative in India is a strategic cornerstone of the Digital Indi...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - PADMASREE WARRIOR, Founder, President & CEO - Fable
Padmasree Warrior, the Founder, President, and CEO of Fable, is revolu...
Indian Tech Talent Excelling The Tech World - Shantanu Narayen, CEO- Adobe Systems Incorporated
Shantanu Narayen, CEO of Adobe Systems Incorporated, is renowned for h...
Indian Tech Talent Excelling The Tech World - Vinod Dham, Founder & Executive Managing Partner, IndoUS Venture Partners
Vinod Dham, known as the “Father of the Pentium Chip,” has left an...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
