An Indian and a Western mind are equally equipped to grasp and process information, but the gap between them is vast.
That’s according to a new report, which reveals the challenges faced by information-based industries, as well as the importance of integrating knowledge from across sectors.
The report, titled ‘Information Systems Major: Lessons from the Global Information Transformation’, was released on Friday by The Information Technology & Innovation Foundation (ITIF), a US think-tank that promotes innovation in the information technology industry.
The project was initiated by ITIF and the Indian government.
It was led by former Information Technology Minister Manish Tewari, who heads ITIF.
The document identifies seven areas in which ITIF believes the Indian and Western sectors are in a position to benefit from each other.
The biggest opportunity for IT companies in India is the internet, and the next big opportunity is in education, IT minister Manish Tejaswi told NDTV.
“The US is the first place to learn about information systems from the outside,” Tejaswe said.
The main areas for which IT companies are looking to India include how to integrate knowledge from the information system, how to leverage the Indian market, how information systems are implemented in the US, and how to best integrate the two in the future.
The major barriers to progress on this front are a lack of access to global technology infrastructure, a lack and a lack, of information literacy, the report says.
The authors believe that the US and Indian companies have made tremendous strides in addressing these issues, but a large chunk of the technology infrastructure in the two countries is still based on antiquated and outdated technology.
The US is home to the vast majority of the US government’s IT systems, but its government has been slow to update its IT systems.
This has made it vulnerable to cyberattacks and other cyber threats.
For example, the Federal Communications Commission (FCC) recently announced that it would stop updating its IT infrastructure, citing a lack the federal government could access the global information systems.
“India has made tremendous advances in information technology, but there are still many obstacles to its rapid development and integration into the global economy,” said Tejaswari.
“These obstacles include a lack in the ability of Indian companies to leverage foreign and domestic expertise to develop a robust IT ecosystem that can leverage Indian talent and expertise.”
The report also found that the Indian tech sector is a great place to launch a business, and India has made huge strides in enabling entrepreneurs to do so.
“In the last 20 years, India has seen a dramatic rise in the number of startups and businesses, and these companies have built great business models that have resulted in a huge increase in wealth for the people of India,” Teaswi said.
“A lot of these entrepreneurs are in their late twenties or early thirties, and they have come to India for the opportunity to start a business.
The country has shown tremendous leadership in this space.”
It’s estimated that by 2030, India will be the sixth largest economy in the world, and that it has the potential to become the largest technology hub in the region by 2020.
“We are in the process of building the next generation of global knowledge systems that are based on open, collaborative and interoperable information technology,” Teja told NDtv.
“This will be a great advantage for Indian businesses in the global marketplace.”
India and the US are the only two countries that have fully integrated the internet and the internet of things (IoT), with strong investments in the infrastructure to enable this transition, the authors said.
For this, it’s important to make the most of the opportunities the two nations offer, as the two have different ideas about how to build and run the systems.
It’s also important for India to develop an infrastructure for its data centres that enables the country to scale up its IT capacity, Tejaswa said.
India’s IT infrastructure is also unique.
It is in a unique position to integrate information from a wide range of sources, from scientific and technical research to legal, and then from there into the public sector, as in the case of the health services.
The government has made major investments in this area.
For instance, in 2011, it announced the creation of a Data Center for Information Technology (DICT), a project that will connect the Indian data centres with the internet.
In addition to this, in 2015, the government also launched the Information Technology for Innovation and Digital Transformation (ITIDT), an ambitious initiative to bring information technology and cloud services together, including a centralised database.
“There are other areas that India could benefit from, but we’re still in the early stages,” said Rajendra Sharma, chairman and chief executive officer of The Information Systems Foundation.
“When it comes of information technology companies, the most promising opportunities are in information systems and data processing.
However, these are not the only areas that are promising.”