- Things married couples could do in secret
- Croatia’s Luciaja Begic wins Miss World Sports Challenge
- VH not to give up his Khammam MP ambitions
- Priyanka likely to launch two schemes ‘virtually’
- TTD hikes salaries of 9,000 contract employees
- Andhra Cricket Association addresses Hanuma Vihari's claims regarding Prudhvi Raj, new allegations arise.
- Actor Kenneth Mitchell, Known for 'Star Trek' and 'Captain Marvel', Passes Away at 49
- White Paper on Dharani portal soon: Revenue Minister
- PM Modi lays foundation for upgradation of Pakala, Srikalahasti rly stations
- A kidnapped woman jumps from an auto
Utilities to spend $448 mn on IT by 2018: IDC
IT spending by utility firms in the country is expected to increase to $448 million by 2018, growing at an average CAGR of 4.16 per cent, research firm IDC said.
New Delhi : IT spending by utility firms in the country is expected to increase to $448 million by 2018, growing at an average CAGR of 4.16 per cent, research firm IDC said.
The spending, which stood at $368 million in 2014 across hardware, software and services, will be focussed on deploying cloud technology, improving service levels, driving agility and standardisation.
IT investments by utilities companies remain focussed on delivering cost savings and efficiency gains, but change is in the air, IDC said in a statement.
"The utilities sector is conservative but changing rapidly as organisations respond to a wave of disruptors, most critical is changing customer expectations.
"The utility sector in India has adopted change -- as Indian energy companies move from paper and manual processes to adopting third platform technologies such as automation, cloud infrastructure to drive mobility, data integration, CRM and more automated metering approaches," IDC India and South Asia Associate VP Insights and Consulting Shalil Gupta said.