The recent reports from various sources, including a report from Research Analyst Gartner regarding the government IT expenditure growth posted earlier, signals the rise in IT spending across the country. The government is not the only party investing more in information technology, as businesses are finding new solutions and initiating implementations of information management for various purposes.
While the majority of these implementations are geared towards front-end improvements in an attempt to increase user experience and competitiveness, a lot of the new technologies are being used behind the scene. Optimization efforts are the focus of many businesses, as India’s market become more and more competitive.
The Workshop of the World
Businesses in India, particularly those in the manufacturing sector, are making the necessary improvements to increase their competitiveness against businesses based in other countries. The manufacturing sector is directly competing with companies in China and South-East Asia for more manufacturing projects.
The manufacturing industry in India is benefiting from a number of advantages that many of its rivals don’t have. Cheap and skilled workforce and the presence of larger quantities of raw materials are already attracting European and US companies into the country.
It is also worth noting that technology is a big part of the manufacturing sector in India. Powered by a growing budget for IT services and research by the government, it is not surprising to find businesses operating in various industries to be benefiting from a stronger IT root and the availability of better technologies.
Focus on Optimizations
All of these advantages alone are not enough to sway most of the world’s largest companies and boost the nation’s manufacturing prowess. For India to claim the title as the workshop of the world, optimizations need to be the focus of businesses. Fortunately, the most influential businesses on the market are already taking active steps towards optimizing their workflows.
Large enterprises and small businesses alike are taking advantage of the series of new tools that can help streamline even the most basic process within their operations. We now have platforms such as Bizagi.com, through which businesses in India can work with experts from around the world in finding better, more efficient ways to streamline workflows.
The implementation of IT across these workflows is nothing short of spectacular. Workers on the factory floor are quickly adapting to the use of new technologies and devices as part of their everyday activities.
More Benefits to Be Expected
The impact of successful IT implementations and the industries’ focus on optimizations will add a new competitive edge to the whole economy. We already have the workforce and technology to support our businesses; better, more optimized work flows will be the final piece of the puzzle.
Of course, all of these changes must also be accompanied by the right set of regulations that take the side of the business and the economy as a whole. The current administration is working on introducing new laws that will make the process of investing in India and its businesses easier and safer at the same time, creating the right environment for faster growth.