IBM executives foresee robust growth in Indian tech market
IBM.
Speaking at the flagship IBM Think conference in Mumbai, on Tuesday, Paul Burton, general manager, IBM Asia Pacific, and Sandip Patel, managing director, IBM India and South Asia, said that skill gaps and talent scarcity are also driving larger investments in artificial intelligence (AI) and automation.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Digital Marketing and AnalyticsVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Product ManagementVisit“In India I have not seen this notion of a slowdown,” Patel told ET, adding that all micro and macro indicators suggest that the technology spends will keep growing.
India presence
Patel also said that the India team and some of the newly established IBM facilities in regions like Kochi and Gandhinagar are driving a lot of the solutions used on IBM’s flagship AI platform watsonx.
“A lot of the important development actually happened through our research and software labs (in India). IBM’s team globally collaborates to develop products that are components of the main software,” Patel said.
Patel added that all three watsonx offerings across data, AI and governance have seen significant contribution from India teams.
An estimated one-third of IBM’s total global workforce of over 2.8 lakh employee base is in India.
India growth
Burton added that compared to advanced markets like North America or Europe, the APAC region continues to have more headroom for technology spends. “If you look at the size of the technology market as a percentage of GDP for advanced markets, typically above 2%
