Indian technology companies between 2012 and 2016 were content to work with SAP, data centres and application outsourcing, and slightly ignored the new age technologies being incubated such as digital marketing, data engineering and cloud. Of course, India caught up later. However, as technologies keep changing rapidly, we should not be caught napping again, as we did between 2012-16. BCG is, therefore, advising Nasscom to track emerging technologies. It covers a span of 5 years.

The biggest bets are on autonomous driving and space tech. It is a big sectoral shift. So far banking attracted attention whereas more attention is now paid to transportation. The attention to areas such as computer vision, sensor tech, deep learning, 5G/6G, edge computing, autonomous analytics and AR/VR is on expected lines. Healthcare is half as much funded as transportation.

The US led the funding for new age technologies — almost 60 per cent. Asia Pacific led by China is way behind — 33 per cent. Europe is paltry 8 per cent. India’s share is small, but the good thing is that here funding is growing fastest.