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TCS IN THE NEWS
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Our World in 2016, New Europe (https://www.neweurope.eu/)
"The Future of the Internet is inextricably linked to the future of the human race. This journey will be bright, if we do it right" - N Chandra, CEO and MD, TCS.
In an article for New Europe's special edition 'Our World in 2016', N Chandra, CEO and MD, TCS, emphasizes on the need of speeding up through the ‘Internet of Things’, barriers and challenges faced by the internet and the need for Public-Private Dialogue. Below is the excerpt from the article:
It has now been almost 50 years since the Internet was conceived and 30 years since the World Wide Web came into existence. The Internet has evolved over last three decades connecting computers, people and devices; leading us to a world where virtually everything is getting connected today. The advancement of the Internet has become the cornerstone for the evolution and growth of the global economy. If we isolate the Internet economy, it represents an economic value of US$ 4 trillion, making it one of top 5 global economies along with the US, China, Japan and India. If it were a country, it would be the world’s largest. In 2016, a major threshold will be surpassed with over 50% of the world’s population expected to connect through the Internet – a new milestone in human history.
The Internet has already become a public utility like electricity, gas or water and is considered a vital service on which entire societies, industries and economies are based. An increasing one-fifth of the world’s GDP growth can be solely attributed to the Internet.
Speeding up through the ‘Internet of Things’
Over the past decade, internet-driven innovation has been about the “internet of people” spurred on advancements in social media, big data and mobile devices. This is still changing the way industries and businesses operate, particularly within the Business-to-Consumer (B2C) context. In the next decade, three principal elements will drive the continuing evolution of the Internet -The Internet of Things (IoT), evolution in Artificial Intelligence (AI) and deployment of the next generation of telecom infrastructure (5G).