New Delhi, Aug 22 (Ians) Around 99 per cent of Indian B2B software-as-a-service (SaaS) companies have embraced DeepTech innovations as a strategic approach to address their clients’ needs and challenges, a report showed on Tuesday.
Artificial intelligence/machine learning (AI/Ml) is the most leveraged DeepTech (54 per cent of use cases), followed by big data/descriptive analytics (39 per cent) and intelligent automation (7 per cent), according to the report by Nasscom in collaboration with Ey India.
The scale of inventive DeepTech in Indian B2B SaaS can be accelerated even further with a nurturing ecosystem, said the report.
Availability of DeepTech talent (80 per cent), patient capital (40 per cent) and DeepTech infra (27 per cent) are the top three challenges highlighted by Indian B2B SaaS companies, it noted.
“As Indian companies transform to challenge global SaaS leaders and gain market share, inventive DeepTech and intellectual property advantages can enable premium positioning and competitive advantage,...
Artificial intelligence/machine learning (AI/Ml) is the most leveraged DeepTech (54 per cent of use cases), followed by big data/descriptive analytics (39 per cent) and intelligent automation (7 per cent), according to the report by Nasscom in collaboration with Ey India.
The scale of inventive DeepTech in Indian B2B SaaS can be accelerated even further with a nurturing ecosystem, said the report.
Availability of DeepTech talent (80 per cent), patient capital (40 per cent) and DeepTech infra (27 per cent) are the top three challenges highlighted by Indian B2B SaaS companies, it noted.
“As Indian companies transform to challenge global SaaS leaders and gain market share, inventive DeepTech and intellectual property advantages can enable premium positioning and competitive advantage,...
- 8/22/2023
- by Agency News Desk
- GlamSham
Bengaluru, Aug 25 (Ians) While India is poised to become the global software-as-a-service (SaaS) capital over the next few years, 50 per cent of the technology providers said driving higher awareness for SaaS products continues to be a prerequisite for customer acquisition, a report said on Thursday.
Over 80 per cent of the SaaS promoters feel there is the need to build a robust talent pool, according to the Ey-cii study.
While the landscape is mainly driven by small and medium businesses with a focus on large enterprises, SaaS companies in the Smb market are structured very differently from those catering to the enterprise market.
“Macro-economic environment notwithstanding, the funding activity in the first two quarters of this year surpassed the funding activity in 2021 – which was a breakout year with over 4.3 bn in funding for SaaS start-ups,” said Nitin Bhatt, Technology Sector Leader, Ey India.
According to other reports, the Indian SaaS market...
Over 80 per cent of the SaaS promoters feel there is the need to build a robust talent pool, according to the Ey-cii study.
While the landscape is mainly driven by small and medium businesses with a focus on large enterprises, SaaS companies in the Smb market are structured very differently from those catering to the enterprise market.
“Macro-economic environment notwithstanding, the funding activity in the first two quarters of this year surpassed the funding activity in 2021 – which was a breakout year with over 4.3 bn in funding for SaaS start-ups,” said Nitin Bhatt, Technology Sector Leader, Ey India.
According to other reports, the Indian SaaS market...
- 8/25/2022
- by Glamsham Bureau
- GlamSham
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