CIOs spending in technologies that enable automation and efficiency with fewer employees   

Dr. Deepak Kumar Sahu, Editor-in-chief-VARINDIA and Group of Publications   

In the inaugural speech, Dr. Deepak Kumar Sahu, Editor-in-chief, VARINDIA and Group Publications, while expressing his gratitude towards the audience, explained how the tech leaders are struggling to adopt new age technologies, implementing new business models, creating new organizational structures, and making their processes more intelligent. 

“Our world is changing, our clients’ business needs are changing, processes are changing - and there are trends that are impacting not only the way our clients are thinking about the industries they are in and the customers they serve, but also how they run their businesses.  As companies continue to operate in a volatile, uncertain and lower-growth world, they are forced to completely transform their businesses by making them nimbler, with cost structures that are lower and much more variable. 

We are witnessing how the tech leaders are struggling to adopt new age technologies, implementing new business models, creating new organizational structures, and making their processes more intelligent. And above all - they are looking for partners who can help them navigate their transformation journeys. Talking about a data point, Worldwide IT spending is projected to total $4.7 trillion in 2023, an increase of 4.3% from 2022. As CIOs continue to lose the competition for IT talent, they are shifting to spending in technologies that enable automation and efficiency to drive growth at scale with fewer employees. Indeed, a strong technology ecosystem is essential for growth. It provides companies with the resources and support they need to innovate and succeed. Technology has been at the heart of business continuity in challenging times. The VARINDIA Most Trusted Companies and Most Admired Brands 2023 is an endeavour to commemorate the most path breaking technology brands in India’s business landscape.”