February 10, 2020
The acquisition will improve Infosys’ capabilities as an end-to-end Salesforce enterprise cloud solutions and services provider
Government initiatives to increase funding, programmes, and policies are helping India emerge as an APAC hub for AI, cloud solutions
A proposed AI-specific cloud computing infrastructure is expected to support improved research, development, and application of digital solutions
Advancements in cloud computing within India’s IT sector has led to the creation of valuable entrepreneurial and investment opportunities
Indian IT consulting company, Infosys, announced its acquisition of Simplus, a fast-growing Salesforce provider in the USA and Australia, on February 10. The newly acquired company specialises in cloud consulting, implementation, data integration, management and training services for specific Salesforce applications. In tandem with the company’s earlier acquisition of Salesforce consulting partner, Fluido, in September 2018, this move enables Infosys to improve its capabilities as an end-to-end Salesforce enterprise cloud solutions and services provider. Together, these acquisitions will greatly improve the cloud-based digital transformation solutions offered by the IT consulting firm.
India is quickly emerging as an ideal hub for the uptake of artificial intelligence (AI) and cloud computing solutions in the Asia Pacific region, owing to government initiatives that support technology investment and innovation. Meanwhile, the Government think tank, NITI Aayog, is driving AI and digital innovations, designed for the global market, capable of boosting India’s annual growth in the sector by 1.3 per cent by 2035. In line with India’s goal of becoming a US$5 trillion economy, the think tank has proposed a plan to set up the country’s first AI-specific cloud computing infrastructure, aimed at bolstering the research, development, and application of digital solutions in India.
Advancements in cloud computing within India’s IT sector has enabled the creation of valuable opportunities, both for new investment as well as legacy businesses intent on reinventing themselves. Through improved efficiency levels, an investment can yield better innovation, resource allocation, and expansion into new markets. By the end of 2018, Nasscom valued the global cloud market at US$190 billion, of which India’s contribution was already at US$2.5 billion and steadily rising. While the compound annual growth rate (CAGR) of the global cloud market is estimated to grow by 16.5 per cent by 2022, the sector in India is expected to grow by 30 per cent in the same period, touching US$7.2 billion.