Digital Infrastructure Investment
While the need for digital infrastructure to drive Industry 4.0 is well established, a lot needs to be done to achieve the desired outcomes, especially large Government spending to make it happen. If the right investments are done in digital infrastructure in India, it can not only help remove some of these inefficiencies contributing to economic expansion but also can support stronger long-term growth, considering it has a very high multiplier effect on economic growth across all sectors. It will further strengthen the digital economy with key benefits ranging from increased efficiency to significant job creation via expansion in e-commerce, innovative start-ups, e-learning, e-healthcare by digital connectivity. Digital fortification of the entire ecosystem is vital to keep the economy unaffected by any external factor such as COVID-19.
The CII Taskforce on Digital Infrastructure under the Chairmanship of Mr J S Deepak, Former Secretary MeitY, DoT & Ex Ambassador to WTO submitted a Paper on ‘Investment in Digital Infrastructure to Achieve the Next Phase of Economic Growth’ to the Ministry of Finance, Ministry of Electronics and Information Technology and Department of Telecom on 15 January 2021 to be considered as an input for the pre-budget memorandum.
The whitepaper elucidates how a strong digital infrastructure can serve the backbone for the nation especially in times of COVID-19 and propels the ambitious vision of the Government to transform India as the powerhouse of the global economy. It further dwells into how digital infrastructure can bring inclusive growth and substantial savings for the Government.
The key recommendations towards Making India Self Reliant deploy Digital Infrastructure highlighted in the paper are:
Assessment & Consultancy Updates
Digital Benchmarking Survey
To plan an organization’s digital transformation journey it needs to understand where it is today—a process that involves assessing the current digital maturity, as well as benchmarking a company against its middle-market peers.
In order to address the need for precise benchmarking data with respect to Digital Transformation in the Indian ecosystem, CII-CDT is conducting an assisted survey to create/establish DX Benchmarks for the Indian Industry which the organizations and MSMEs can leverage in order to embark on their Digital Journey. The data from the benchmarks would enable Indian Enterprises to prioritize their future digital transformation activities and investments in order to succeed in their vision and enhance the competitiveness of the organization.
The Survey is conducted with the aim to collect more data points for DXcel and gauge the current trends and opportunities in the Indian Industry.
We at CDT, help our member organizations execute digital processes, models, and connect with industry professionals to take complete advantage of a wide variety of digital technologies and innovations in a method that takes into account the ever-shifting digital landscape.