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Nasscom hold its fourth edition of 10,000 Start-ups initiative “Innotrek 2017” in Silicon Valley, US

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Bengaluru, April 18, 2017: Nasscom will hold its fourth edition of 10,000 Start-ups initiative — “Innotrek 2017” in the Silicon Valley of the US from May 1-6, said the Indian IT industry’s apex body on Tuesday.

“As we want our start-ups to grow and compete with those in the Silicon Valley, the six-day mega event will provide them a platform to step it up a notch and get recognised internationally,” said National Association of Software Services and Companies (Nasscom) President R. Chandrashekhar in a statement here.

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In all, 27 Indian start-ups and five of the Silicon Valley will showcase their products and technologies, while 70 speakers from the world over will address 150 delegates at the week-long event.

Andhra Pradesh Chief Minister N. Chandrababu Naidu, Department of Industrial Policy and Promotion Secretary Ramesh Abhishek, Electronics & IT Secretary Aruna Sundararajan, Nasscom Product Council Chairman Ravi Gururaj and Chandrashekhar will lead the delegation of entrepreneurs for the tech expo.

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“The Innotrek programme will provide our start-ups an opportunity to benefit and improve their products and services and grow in their domains,” Nasscom member Ashok Madravally, who leads this initiative, said in the statement.

The Innotrekkers will visit campuses of Google, LinkedIn, Microsoft, IBM, and Target in the Valley during the event. They will also have an opportunity to showcase their cutting-edge, future ready innovations to various stakeholders.

“The networking activities and site visits will help our entrepreneurs to get a better understanding of the global work culture and exchange views on building a constructive work environment for their own ventures,” added Chandrashekhar in the statement. (IANS)

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India’s Cloud Market to hit $7 bn by 2022: Nasscom

The report also draws attention to a few challenges to the growth of Cloud market in India such as data security and lack of Internet infrastructure specially in tier-2 and rural markets of the country

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IT corridor, india-china
The new corridor will facilitate partnerships between Indian and Chinese firms as part of Nasscom's efforts to evangelise IT development in newer geographies. Pixabay

With increased adoption of futuristic technologies such as Artificial Intelligence (AI) and Machine Learning (ML), the Cloud market in India is poised to grow three-fold to $7.1 billion by 2022, according to a Nasscom report on Tuesday.

In 2018, Cloud spending stood at approximately 6 per cent of the total IT spending, according to the report prepared in collaboration with Google Cloud and Deloitte Touche Tohmatsu India LLP.

“India’s Cloud computing market is poised for growth and the technology is increasingly being embraced across businesses as well as consumers,” Debjani Ghosh, President, Nasscom, said in a statement.

Newly appointed Nasscom Chairman- Rishad Premji.

Globally, the Cloud spending on IT is growing at 16.5 per cent and is expected to touch $345 billion by 2022, said the report titled “Cloud — Next Wave of Growth in India”.

The report highlights that Cloud spending is propelled by factors such as increased awareness of Cloud, consumerisation of IT, proliferation of start-up ecosystem, diverse landscape of supplier ecosystem, rising investments in infrastructure, talent, strategic partnerships and the impetus from key digital-led government programmes.

Also Read- NASA Wants Humans To Reach Mars By 2033

Futuristic technologies such as AI and ML are aiding in the seamless adoption of software as a service (SaaS), infrastructure as a service (IaaS) and platform as a service (PaaS) offerings, giving a boost to the Cloud market.

The report also draws attention to a few challenges to the growth of Cloud market in India such as data security and lack of Internet infrastructure specially in tier-2 and rural markets of the country. (IANS)