| | December 20204EditorialWhat A Year !! Let us give ourselves a pat on the back for withstanding the discomforts of the market. Indian IT sector has set examples globally in the manner it bounced back. Just when we thought all hope is lost, we got up, dusted off the dirt and took a step ahead. That step we took was the giant leap of faith. Jobs lost, businesses stumbled or ruined for the worse, people displaced, manufacturing came to a halt, and economy butchered. But just when we stood up to say, "Alright, that's enough", is when we bounced back to save the transactional economy, and more so, set examples to the world. We survived. Hereon, the growth is slow, yet positive and definite.The burgeoning Indian IT sector is cautiously optimistic about its outlook for the ensuing fiscal 2020-21 in the face of global risks, said an apex body of Nasscom. According to Nasscom's CEO survey for fiscal 2020-21, 53 per cent of the top Indian IT executives foresee a strong world economy in 2020 as 72 per cent of the CEOs expect their global clients to demonstrate better growth in the year ahead. In the developed markets, 60 per cent of the surveyed CEOs are eyeing growth in technology spending. The three growth drivers for technology spending are enabling digital at the core of enterprise, augmenting customer experience and digital operations, powered technologies such as cloud, data, AI, machine learning and cyber security. Larger digitalisation deals, key BFSI and retail verticals growth and enhanced business opportunities in Europe and Asia Pacific are expected to propel the IT industry, the survey said. The strategy CEOs are adopting to capitalise on digitalisation in 2020 include reskilling and building the right talent pool, identifying key products and platforms and forging partnerships and co-innovations. Giving a hint of how things would be for the IT sector in 2030, the Nasscom CEO survey showcased the five mega trends such as data-led economy riding on 175 zettabytes, disrupted future of work, environmental sustainability stress, Asian economic eminence and mass urbanisation and hyper personalisation.We didn't refrain from honouring the greats then, we might as well not refrain from it now. So here's presenting the moguls of 2020, who not just survived, but helped others to breathe. A Happy & Prosperous New Year to You all. Thank you for being associated with us.Emmanuel Christi DasManaging Editoreditor@cioreviewindia.comThe Cautiously Optimistic Indian IT VOL 9 · ISSUE 1 - 3 · DECEMBER 17, 2020 PublisherOffice Editorial queries editor@cioreviewindia.com To subscribeVisit www.cioreviewindia.com/magazine/or send email to: subscription@cioreviewindia.comCover price is Rs 500 per issueAshok KumarVirupakshi PattarAlok ChaturvediGroup Art DirectorVP - Sales & MarketingMagendran PerumalCirculation ManagerEditorial TeamCIOReviewIndia No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017ManjunathS SivasankarManaging EditorEmmanuel Christi DasVisualizersAdvertising queriessales@cioreviewindia.comBangaloreTel 080 46441103Sales & MarketingAmrit SinghIndranil ChakrabortyRavi Kalgi Rohit RaghubanshiNagendra KumarPrinted and published by Alok Chaturvedi on Behalf of Bizprint Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Copyright © 2020 Bizprint Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Janifha EvangelineAnitha TSuchita GonsalvesSamrat PradhanRajan SarmaNoidaTel 120 4639300Suite 108, First Floor, Suncity Trade Tower, Sector 21, Gurugramwww.realland.inHelping you make the right moveBoutique Advisory Services for Residential, Commercial,Retail & Hospitality Transactions
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