TECH BYTES - Monthly Tech Industry Bulletin November 2022

Overview

This monthly industry bulletin is our endeavor to aggregate and feature on a regular basis, key trends and insights shaping the technology sector. The information covered here is collated from publicly available sources and gives a bird’s eye view of what has happened in the technology sector during a particular month.

The report will focus on a theme for the month and Industry Facts

Available in Soft Copy Only

Key Findings

What is New @nasscomR

Highlights from NASSCOM Reports Released in October 2022
- The Evolution of BPM Services | Cost, Outcomes, And Growth
- Sustainability - Opportunity for Tech Services and Solutions
- Fuelling Entrepreneurship - Start-Up Survey Findings And Policy Recommendations
- State Of Open Innovation in India-Fostering Growth Through Collaboration
- The India Web3 Startup Landscape: An Emerging Technology Leadership Frontier
- Tech Start-Ups: Quarterly Investment Factbook – Deal Analysis (Q3 CY22)
Theme of the Month: State Of Open Innovation In India – Fostering Growth Through Collaboration

Key Insights

Open Innovation Ecosystem in India
- Driving 500+ collaborative programs led by stakeholders like academia, investors, corporate and government
- Open innovation matrix: Adopting in-house innovation to external collaboration; corporates adopting multiple ways to build business strength
- Diverse interlinkages and collaboration among all stakeholders; key behind open innovation growth  and collaboration among all stakeholders; key behind open innovation growth

Open Innovation Benefits for Stakeholders
- Corporates: Accelerated innovation, research expertise, cutting edge talent/ skills, new business opportunities
- Start-ups: GTM, co-product development, product market fit, fund raising, mentorship and guidance
- Academia / Government/ Other institutions
- In-house R&D support, promoting innovation, scaling start-ups, ecosystem growth, operational efficiency

Leader Talk: Discussion Series with Industry Experts on Niche Areas of Technology

5G: Unfolding India’s Era of Digital Convergence - Panellists: Bharti Airtel Limited, Tata Communications
Key GCC Trends In The BFSI Landscape | Tech Talks With NASSCOM Insights - Panellists: Zinnov, NatWest, Fiserv
Tech Bytes – Monthly Tech Industry Bulletin

Tech Industry Insights- Trending Industry Themes

Tech Trends: Indian IT companies are focusing on expanding internationally through business centres as well as COEs and innovation hubs
ER&D Trends: Indian ER&D companies are undertaking contracts and forming partnerships to deliver digital engineering services. Indian ER&D companies are helping companies digitally transform their processes
Tech Start-ups: Indian unicorns continue to work on their acquisition strategy to build on their portfolio and capability for business growth. India is ready to host one of the world’s biggest start-up funding festivals

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TECH BYTES - Monthly Tech Industry Bulletin November 2022