HCL Year-Ender statement

“As the Information Technology (IT) industry steps into the next decade, along with disruptions in both business and society through digital transformation and innovation, privacy, safety and sustainability will be few of the key game changers. IT spend will see an increase in 2020 with growing concerns over security, technology buyers upgrading their infrastructure and a steady transition towards everything-as-a-service (XaaS), which comprises capabilities such as platform-as-a-service (PaaS) and software-as-a-service (SaaS). The next decade will also see a larger percentage of enterprises migrating to cloud and subsequently Integrate Cloud Management— across public and private clouds — by deploying hybrid and multicloud technologies. The next decade will also see Edge Computing take the next big leap driven by IoT (Internet of Things) applications across industries like retail, lifesciences, manufacturing, BFSI, , logistics, and agriculture. In turn, this will give a boost to Edge Cloud Service market, which is seen growing substantially in the coming few years. While 5G technology is poised to grow in the next decade, Artificial Intelligence (AI) and Machine Learning (ML) will continue to dominate the technology landscape as more enterprises will use AI-enabled speech,  vision, natural language processing, and virtual reality.”