Cloud Computing is the new wave transforming Indian IT industry. Cloud technology has opened up new avenues of growth for all types of companies including start-ups in India. Cloud technology allows the companies to store data and access software over a network on the basis of pay-per use model.
This service helps the companies to cut costs as they are not required to make investment in IT infrastructure and they work on a shared platform.
Cloud computing is now one of the key areas which has garnered focus in the newly proposed National IT policy by the Indian government which is designed to increase the revenue of IT/ITES industry from $100 billion to $300 billion by 2020. But according to a new report by Confederation of Indian Industry (CII), there is an increasing need of defining new policy and standards for the adoption and usage of cloud technology by the government bodies.
The new report, Indian Cloud Revolution by the CII, KPMG and Amarchand Mangaldas & Shroff insist that the government can adopt cloud services to launch new e-governance initiatives at a considerable low investment. The adoption of cloud services by the local government bodies and agencies will help government to provide better services to citizens with a trimmed down investment in IT infrastructure.
According to the report, cloud services
- Can provide an ideal platform for the government to realize its vision to scale up services in areas of education, healthcare, banking, e-governance and entrepreneurship.
- Enable the government to set up low cost IT infrastructure to drive next revolution in the area of e-Governance.
- Will help to set up a universal healthcare record system which will benefit specific segments of the healthcare sector.
However, with opportunities there comes the challenge with regards to data integrity and confidentiality. Hence, the report recommends government to manage define new standards for adoption and usage of the cloud services by the government agencies. The report recommends the government to direct the existing regulators like RBI, SEBI, IRDA and TRAI to adopt cloud services before it’s too late.
As far as India is concerned, there is a huge market for cloud services. According to a research report by Zinnov Management consultancy, a leading research firm, the market for public cloud in India is expected to grow at a rate of 55% to reach $685 million by 2014.
Now what is left to be seen is whether cloud market will give the desired end results for the Indian economy as offshore service market delivered.
You can get more details on the report by following the link