Tech Trends: Five Key Areas India Will Focus on in 2024

Tech Trends: Five Key Areas India Will Focus on in 2024
As 2023 concludes, the global tech community anticipates the evolution of technology in the coming year. India, in particular, is expected to concentrate on five pivotal areas, marking the beginning of significant advancements.
Gen AI as a Growth Driver:
The maturation of generative AI (gen AI) is foreseen as a driving force for India's IT services sector in FY25, potentially aiding service providers in revenue growth. Accenture's substantial generative AI sales signal a shift, positioning it as a prospective growth driver.
Tech Regulation Policies:
The year 2024 is poised to witness the introduction of new policies and regulations shaping the technology landscape in India. The India AI Programme, scheduled for a January 10 launch, is expected to address challenges related to AI compute and quality datasets, laying the foundation for India's AI ecosystem.
Cybersecurity Challenges with AI:
As AI matures, the field of cybersecurity may face heightened challenges, with increasing malware sophistication driven by gen AI. India, experiencing a significant share of global cyberattacks, emphasizes the need for robust cyber defenses.
Expansion in Data Centers and Semiconductors:
Operations of data centers and semiconductor industries are set to expand in 2024. Yotta's plans for hyperscale data centers, alongside AI-driven demand projections, indicate a growing need for increased data center capacity. The semiconductor sector may witness landmark deals, including Tata Electronics' substantial investment in a semiconductor processing plant.
Evolution in Gaming Industry:
The gaming industry in India is poised for consolidation and optimization in 2024. Real-money gaming startups focus on strategic acquisitions, while esports endeavors to improve monetization through India-specific pricing models and leveraging UPI impact.
As India navigates these focus areas, 2024 is anticipated to be a transformative year, offering new opportunities for enterprises and technology partners alike.