According to Syed Shahid Hussain, Managing Partner, Financial Services Sector, Asia Pacific at IBM Consulting, India is poised to experience the world’s largest roll-out of 5G infrastructure with multi-billion dollar expenditures by the nation’s top telecoms over the coming years.
Additionally, he said to journalists at the Singapore Fintech Festival, which will be held from November 2-4, 2022, that the government is anticipated to take the lead in developing the India stack, a network-building process that would cover every sector of the economy being digitised with the most cutting-edge technologies.
The adoption of cutting-edge technologies in India, where IBM Consulting has joined other international technology groups participating in the extensive development over several years through strategic partnerships with telcos like Bharti Airtel and Reliance Group, was described by the speaker as a “big play,”
“We plan to work with Indian telcos, where we have strategic partnerships like Bharti Airtel to bring secured hybrid cloud services through the 5G network to national enterprises. The agreement with Bharti Airtel is there to launch it,” said Shahid, the Singapore-based IBM executive.
“For this, both parties will have to spend billions of dollars. A huge amount of money is being spent by the stakeholders in this ongoing process and it will take over a couple of years. We are particularly working on securing hybrid cloud services through the 5G network.”
A significant change in the development of enterprise IT is the hybrid cloud. The creation of an India stack for various Indian economic sectors is the next important thing.
India stack is a collection of APIs that enables businesses, startups, governments, and developers to use a special digital infrastructure to address the country’s challenging issues with presence-free, paperless, and cashless service delivery. According to Shahid, the government must take the lead in the India stack and provide incentives to banks and other ecosystem players for the sake of customers.
India currently has 800 million mobile phone users, and that number is rising. These users serve as the foundation for the rapidly expanding digital economy. Shahid stated that IBM and the Bank of Baroda will develop the “Baroda Kisan” app, a one-stop shop for all the requirements of the agricultural and farming community, on a project-by-project basis. It debuted in September of this year.
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