• Shop
  • My Account
    • Cart
    • Checkout
HealthTopical
  • Home
  • Diet
  • Excercise
    • Yoga
  • Drug
  • Cancer
  • Eyes
  • Stretch Marks
  • Skin
  • Hair Loss
  • News
  • Contact Us!
No Result
View All Result
  • Home
  • Diet
  • Excercise
    • Yoga
  • Drug
  • Cancer
  • Eyes
  • Stretch Marks
  • Skin
  • Hair Loss
  • News
  • Contact Us!
No Result
View All Result
HealthTopical
No Result
View All Result
Home News

Indian IT Spending to Reach $72.3 Billion in 2016: Gartner

Sristy by Sristy
August 29, 2016
in News
0
Indian IT Spending to Reach $72.3 Billion in 2016: Gartner

India’s IT spending is expected to rise by 7.2 percent in 2016 to reach $72.3 billion (roughly Rs. 4,73,886 crores), said leading market research player Gartner on Tuesday.

“India will continue to be the fastest growing IT market for the second year in succession and will continue growing to total $87.67 billion (roughly Rs. 5,74,696 crores) by the end of 2019,” said Aman Munglani, research director, Gartner in a statement.

India, currently the third largest IT market in Asia Pacific, will become the second largest by 2019 following China, he said.

Mobile phones, personal computers and tablets falling under the category of devices are expected to account for almost 33 percent of the overall IT spend in India, growing at 9.4 percent in 2016, Gartner said.

Gartner India’s research head Partha Iyengar said that in five years, one million new devices will come online every hour, and “these interconnections are creating billions of new relationships. These relationships are not driven solely by data, but algorithms”.

Highlighting the crucial nature of algorithms, Iyengar added, “Data is inherently dumb. It doesn’t actually do anything unless you know how to use it; how to act with it. Algorithms are where the real value lies. Algorithms define action. Dynamic algorithms are the core of new customer interactions.”

x

The next great leap in machine to machine evolution in the Internet of Things (IoT) will be powered by the algorithmic economy, said Gartner in the statement.

“Organizations will be valued, not just on their big data, but the algorithms that turn that data into actions, and ultimately impact customers,” it added.

Share a screenshot and win Samsung smartphones worth Rs. 90,000 by participating in the #BrowseFaster contest.

Tags: IT, India, Information Technology, Internet of Things, IoT

[“Source-Gadgets”]

Tags: $72.32016BillionGartnerinIndianitreachspendingto
Previous Post

Samsung Joins Apple in Warning of Gloomy 2016 for Technology

Next Post

Sikh Bikers Ride 12,000 Km, Raise $60,000 For Cancer Charity In Canada

Next Post
Sikh Bikers Ride 12,000 Km, Raise $60,000 For Cancer Charity In Canada

Sikh Bikers Ride 12,000 Km, Raise $60,000 For Cancer Charity In Canada

No Result
View All Result

Get Daily Update Via Mail

Follow me on Twitter

My Tweets

Like Us !

Like Us !
HealthTopical

© 2023 HealthTopical - Premium WordPress news & magazine theme by HealthTopical.

Navigate Site

  • Unlocking the Secrets to Clear
  • Privacy Policy
  • Contact Us!

Follow Us

No Result
View All Result
  • Home
  • Diet
  • Excercise
    • Yoga
  • Drug
  • Cancer
  • Eyes
  • Stretch Marks
  • Skin
  • Hair Loss
  • News
  • Contact Us!

© 2023 HealthTopical - Premium WordPress news & magazine theme by HealthTopical.