IT firms are the biggest beneficiary

Information technology(IT) companies emerged as the biggest beneficiary of the new wave of digital transformation, with the pandemic acting as a catalyst for organisations across sectors to fast-track adoption of digital and cloud-led technologies to survive in the new normal. Much of this digital innovation in emerging technologies, such as cloud, artificial intelligence(AI), analytics and big data, which saw unprecedented demand, is not likely to reverse even in a post-pandemic world. IT firms leveraged this digital boost, helping clients stay afloat following the coronavirus outbreak with technology solutions to operate remotely and efficiently.Cloud, the most essential component of the digital transformation, saw unprecedented adoption in 2020, with remote working becoming the norm. Infosys Ltd launched an end-to-end cloud offering, Cobalt, spanning services, solutions, and platforms to help clients build cloud-first capabilities, to address this growing demand.

Courtesyg: Google (photo)

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