Written by Indraneel Ghose, Embassy of Switzerland in India
In 2012, the size of the big data analytics market was estimated globally at US$ 8 billion and it was expected to grow at a compounded annual growth rate (CAGR) of 45 per cent to reach US$ 25 billion in 2015. The market for India for the same period was estimated at US$ 200 million, growing at a CAGR of 83% to reach a figure of US$ 1 billion this year. These were the finding of a study commissioned by NASSCOM, the Indian IT industry body in 2012. However, the Indian market touched revenues of US$ 1 billion in 2014 and this is expected to grow to US$ 2.3 billion by the year 2018. Not all of this is export driven as the domestic market, estimated at US$ 163 million in 2014 is expected to grow to US$ 375 million by 2018. Big data analytics accounted for some 29,000 jobs in India in 2014, of which 5000 jobs were focussed on the domestic market. So big data and data analytics presents a big opportunity for IT companies in India and Bangalore is quickly becoming a hub for data science in India, as reported earlier in this blog. However, not all big data and data analytics activity in India is industry driven. The government has been a driving force in creating platforms and large datasets which will require the acquisition and manipulation of massive amounts of data. Some of these are to provide identification documents to citizens who would not other-wise have access to them easily, or to provide e-governance platforms which would simplify contacts with governmental agencies. Some of these initiatives are described below.
Digital India is an initiative of Government of India to integrate the government departments and the people of India. It aims at ensuring the government services are made available to citizens electronically by reducing paperwork. source: https://fusion.werindia.com/hot-from-the-oven/digital-india-integrates-citizens-records
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