At least 61 per cent of CEOs reported an earnings outlook of more than 10 per cent over the next three years: KPMG TMT industry CEO Outlook: Smart. Secure. Sustainable

Dec 08 2020

 

The COVID-19 pandemic, work from home and social distancing have underscored a new urgency for digital connectivity and innovation— bringing in an era for the Technology Media and Telecom (TMT) sector, that may last well beyond the pandemic. Post COVID-19—TMT is going to be very much at the fore front of everything we do. It will be the competitive differentiator for how all businesses and ecosystems work. The advent of technologies such as AI, IoT, AR and VR, has today brought into reality the feasibility of conducting online business for sectors such as education, healthcare, consulting, retail, all of which were mainly centered around personal interaction.

 

To understand the impact, the crisis has had on TMT organisations, how they are thriving in what is the “New Reality” and how TMT CEOs are harnessing the next wave of growth empowered by the digital revolution in the nation, KPMG in India in association with IMC (India Mobile Congress) and COAI (Cellular Operators Association of India) today launched a report titled ‘TMT Industry CEO Outlook:  Smart. Secure. Sustainable’ at the India Mobile Congress 2020. The report is based on a survey of 300 TMT CEOs from India - a mix of executives from fortune 500 companies and startups. It captures perspectives and views from CEOs on the challenges and opportunities brought about by digital acceleration as well as how the TMT industry is digitally empowering businesses to ensure future survival and gain a competitive edge on a global scale.

 

Key highlights from the survey report:

 

Economic Outlook

  • The upsurge in demand from both end-users and businesses during the pandemic has reinforced the surveyed TMT CEOs’ positive outlook on the growth of the sector
  • Companies are capitalising on India’s growing digital economy and witnessing increase in revenues as well as private investments
  • 52 per cent CEOs seemed very confident about the growth prospects for the TMT sector
  • 61 per cent of CEOs reported an earnings outlook of more than 10 per cent over the next three years.
  • However, to sustain this momentum and steer it further forward, the government and TMT organisations need to find newer and deeper ways to collaborate

 

Emerging Risks

The COVID-19 pandemic led to the emergence of specific, historically latent, risk factors that could however pose significant challenges going forward

  • Ranking of top three perceived risks over next one year- 1- Supply Chain Risks (57 per cent), 2. Operational Risk (43 per cent) and 3. Cyber Security Risk (30 per cent)
  • Ranking of top three perceived risks over next three years- 1- Regulatory Risk (50 per cent), 2. Emerging Technology Risk (43 per cent) and 3. Cyber Security Risk (43 per cent)
  • More than 83 per cent of CEOs surveyed had to rethink their global supply chain strategies due to the impact of the pandemic. An estimated 45 per cent of the CEOs surveyed attributed the supply chain realignments to improve resilience against natural disasters
  • 40 per cent CEOs wanted to reduce supply chain risk exposure
  • TMT organisations recognize that effective cyber security is not only an obligation and an opportunity but also a risk. The urgent and increasingly sophisticated security requirements of enterprise clients and the chance to build end consumers’ trust through secure applications and communications are immediate opportunities for TMT organisations to explore.

 

Transforming the Life of a Digital Customer

  • Six out of ten digital transformation leaders are accelerating initiatives around connecting front, middle, and back offices and the drivers for transformation are largely customer focused. While 42 per cent have a focus to reduce and regain the loss of revenue, 33 per cent of them have also suggested to develop newer channels to serve customers
  • 52 per cent of the CEOs surveyed said that initiatives around digitization of operations and the creation of a next generation operating model got acceleration because of the pandemic
  • 25 per cent CEOs mentioned lack of lack of insight into future operational scenarios as one of the key challenges faced in accelerating digital transformation
  • The pandemic compelled businesses to transition toward full or partial remote working conditions. As a result, several organisations expedited the implementation of digital initiatives that were slated for the next three to five years. This led TMT organisations to examine not just the changing consumer demands and usage patterns but also the best way to meet these service obligations. The result was the creation of next-gen digital business models and revenue streams, enhancing digital customer service experience, and supporting the creation of a new workforce model that supports the adoption of emerging technologies to augment human effort

5G

  • According to our survey findings, industrial manufacturing, retail, and automotive are the top three industries expected to have the highest potential in terms of 5G technology adoption and number of use cases
  • A comprehensive network reach, increasing affordability of smartphones and mobile data services, and change in the viewing habits, are currently driving data usage in India
  • High speed data requirements propelled by the pandemic, are expected to drive 5G efforts in India
  • 4G/LTE is expected to remain the dominant mobile network technology by 2025, in the context of mobile subscriptions, 5G mobile subscriptions are expected to increase to 18 per cent by 2025. This is likely to be driven by an expected increase of nearly 410 million smartphone users in India by 2025.
  • Although telecom players are inking strategic deals with network infrastructure providers to bolster their ability to deliver 5G technology, the high price of 5G spectrum, significant infrastructure investment requirements, and regulatory policy concerns are impeding its commercial launch
  • While India may not be among the front-runners globally for 5G adoption considering the current COVID-19 situation, elongated 4G monetization period and a hyper price sensitive market, the country can potentially stand to benefit from a delayed adoption through the availability of more mature business use cases, numerous prototypes and a collaborative environment to ensure profitable and sustainable 5G deployment on a large scale.

 

Other emerging technologies

  • With the acceleration of digital transformation initiatives across industries due to the pandemic, businesses are assessing the potential of emerging technologies to enhance their business and operational processes. Prior to COVID-19, investments and business priorities related to emerging technologies were fragmented
  • However, enterprises are now focused on aligning their emerging technology strategies with the overall business objectives to ensure not just future survival but also simultaneously gain a competitive edge
  • The survey also tried to identify those technologies generating the most impact and ones seeing maximum investment. The survey revealed that while India Inc.’s current table stakes are on data analytics and cloud, it is IoT, blockchain and AI that are projected to be strategic investments with robotics and AR/VR emerging as the future stars.

 

Satya EaswaranPartner and National Sector LeaderTelecom, Media and TechnologyKPMG in India, said,” COVID-19 has brought about a fundamental shift in the way businesses operate. As a result, the TMT sector is experiencing a new wave of innovation and invention. Convergence in the role of telecom and technology companies, increase in strategic partnerships, as well as government-led initiatives, are expected to assist the industry in catering to the changing needs of the customers.”

 

Sharing his views, Lt. Gen. Dr. SP KochharDirector General, Cellular Operators Association of India , added, “To transform the digital vision into a reality, all stakeholders from established and emerging technology companies, telecom players and the government need to come together to ideate and collaborate. Telecom players must continue with their efforts to create a robust high-speed network infrastructure. Start-ups working on emerging technologies could help enable digital transformation initiatives for businesses. Importantly, the government should continue to act as a catalyst by providing supportive regulations such as incentives for domestic manufacturing, national cybersecurity framework and viable 5G spectrum policies.”

 

K G PurushothamanPartner and National Sector Leader – TelecomKPMG in India, said, “With the growing maturity of emerging technologies, such as AI, IoT, big data, edge computing etc., 5G is expected to bring about a tectonic shift in the TMT industry and present a range of economic opportunities in the next three to five years. Advancements in AI and connected device technologies are driving the need for high bandwidth support, while ensuring the performance of the underlying applications is not impacted. This is where the potential of 5G lies: in supporting high bandwidth and low latency use cases and applications thereby offering near real-time decision support to both humans and machines”

 

Commenting on the theme of the report, P RamakrishnaCEOIndia Mobile Congress, said, “The theme for this year’s event resonates with the current industry scenario, highlighting the disruption in business operations caused by COVID-19 and the emergence of the TMT industry as a key propeller for businesses to pivot to the new normal. The use of smartphone devices and data usage has soared with the pandemic, unlocking previously untapped demand streams relating to emerging technologies. This has in fact turned out to be a silver lining for the TMT industry.”

 

Overall, the future of the TMT sector in India looks both exciting and promising, with growth in digital demand alongside the emergence and adoption of new technologies. The innovation and progress in TMT will certainly be a critical factor in driving India’s larger digital ambitions.

 

More than 300 CEOs from India were reached out through this survey. Executives from fortune 500 companies to start-ups participated in the survey conducted in the month of November 2020. The survey respondents comprised of 48% telecommunications, 45% technology and 5% from the media industry.


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News

Takeda launches mobile application to support patient for treatment of genetic diseases
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Ola is racing ahead to build the world’s largest two-wheeler factory
Feb 26 2021 By Admin
India-headquartered Ola, one of the world’s leading mobility companies, has commenced construction of the world’s largest two-wheeler mega-factory on its 500-acre site.   The company announced a Rs 2400 crore MoU with the Tamil Nadu government in December 2020 and rapidly completed land acquisition in January this year. The company is racing ahead to operationalise its factory in the next few months. An estimated more than 10 million man-hours have been planned to bring the factory up in record time, with the first phase becoming operational in the coming months.   Through this entire process, Ola is maintaining its strong focus on sustainability. The company has ensured the conservation of the green belt in the area by preserving and transplanting the trees on site. Ola plans to have a large forest area within the site and reuse the excavated soil and rocks within the factory.   Ola’s mega-factory will have an initial capacity of 2M units a year in phase 1 and will serve as the company’s global manufacturing hub for its range of electric-powered scooters and two-wheelers across India and international markets including Europe, UK, Latin America, Asia Pacific, Australia and New Zealand.   Expected to create 10,000 jobs, the factory will incorporate Industry 4.0 principles, and will be powered by Ola’s own proprietary AI Engine and tech stack that will be deeply integrated into all its systems.   The factory is also expected to be the country’s most automated, with about 5,000 robots and automated guided vehicles in use once it is operational to its full capacity. The company has already brought on board global partners and suppliers as it works towards getting its factory, billed to be the world’s largest scooter factory, operational in the coming months.   Ola is close to launching the first in its range of electric scooters in the coming months. The scooter is expected to have great design, removable battery, high performance and range as well as a host of industry first technology features. The scooter has already won several prestigious design and innovation awards including the IHS Markit Innovation award at CES and the German Design Award.   Video /photo caption: Watch how India-headquartered Ola is racing ahead to build the world’s largest two-wheeler factory on a 500-acre site. Ola’s mega-factory for two-wheelers is being built at record-breaking speed in Tamil Nadu, India, with an estimated more than 10 million man-hours. The company plans to operationalise its Phase 1 in the coming months and roll out the Ola electric scooter soon.   YouTube link: https://www.youtube.com/watch?v=6sQWQ2Zzk-c&feature=youtu.be

Job Switch

MX Player Ropes in Sidd Mantri as Senior VP, Product
Feb 25 2021 By Admin
   MX Player, has roped in product expert/ leader Sidd (Siddharth) Mantri as Senior VP - Product, who is responsible for driving a differentiated product strategy for all its brand offerings across OTT video, music, games and short form video platform, MX TakaTak. As a part of this role, he will lead product development and analytics in India, China and Singapore and will craft the product vision and roadmap for MX businesses worldwide.   With 17 years of experience globally and within India, Sidd has delivered innovation, growth and profitability for businesses across digital entertainment, consumer lifestyle, digital content protection and enterprise services & platforms. His consumer first approach sees him curate digital experiences that resonate with the needs of the discerning consumer, making him an invaluable addition to the leadership team at MX.    A University of Michigan, Ann Arbor alumni, his extensive experience includes holding key positions at Microsoft, Seattle for 12+ years and more recently at Grab, Singapore. In his stint at Microsoft, he invented the world’s first completely “zero-touch” customer experience for new enterprise owned PC deployments aka Windows Autopilot and led product development across Media Center, Live Mesh (OneDrive), XBOX, Windows Enterprise and Endpoint Manager. At Grab, he led the SuperApp and Consumer Experience divisions, responsible for transforming Grab from ridesharing into a daily-use SuperApp in South East Asia.   In his role at MX, Sidd is looking forward to breaking new ground in the digital entertainment space, delivering the best-in-class entertainment experience to consumers and contributing towards the growth and success of India’s leading entertainment platform.    MX Player caters to over 200 million Monthly Active users in India, integrating all forms of entertainment on one platform – including video playback, streaming video, music and games while MX TakaTak is home to over 15Mn Unique content creators and 100 million Monthly Active Users.  
VMLY&R’s Anil Nair to be part of the Jury at the New York Festivals 2021
Feb 18 2021 By Admin
  Anil Nair-CEO of VMLY&R India, joins a select set of advertising professionals as part of the jury for the New York Festivals Advertising Awards 2021.   Commenting on his jury appointment, Anil Nair said, “Despite, or perhaps due to, the pandemic, we’ve seen ground-breaking advertising and marketing campaigns over the last year. I am excited to be at the front row of some of the best brand building work from different geographies and to understand how they intertwined their culture, creativity, and technology together to create enthralling work across spectrum.”       All entries into the 2021 NYF Advertising Awards competition will be judged by 400+ members of NYF’s Executive Jury and Grand Jury, a panel of prominent global creative minds, who collectively cast over 400,000+ votes to select the World’s Best Advertising. The deadline to enter the 2021 New York Festivals Advertising Awards is February 26, 2021. For more information on categories, rules and regulations or to review the 2021 entry guide visit: https://www.nyfadvertising.com/Competition/Rules. To enter this year’s competition, visit: https://www.nyfadvertising.com/.   About New York Festivals: New York Festivals® Celebrating the World’s Best Work since 1957 Advertising Awards AME Awards ® Bowery Awards Midas Awards ® Radio Awards TV & Film Awards Entries to each of the competitions are judged around the world by panels of peers in their respective industries. For more information, go to www.newyorkfestivals.com.    
Httpool Indonesia appoints Devinder Sharma as Partner Director for Twitter
Feb 16 2021 By Admin
    Httpool, the largest international partner of major media platforms representing Facebook, Twitter, Spotify, LinkedIn, Snapchat, and others, today announced the appointment of Devinder Sharma as Httpool Indonesia Partner Director for Twitter. He will report to Siddharth Correya, Managing Director, Httpool Indonesia. Httpool is Twitter's Authorised Sales Partner in Indonesia, where it exclusively represents also a reseller partner for Dailymotion, Accuweather, and Lifesight.   “As we prepare to exponentially scale the Httpool Indonesia business, from the strong foundation we have laid over the past 3 years, one of our key areas of focus has been securing the right talent. Devinder comes with a wide-ranging and in-depth experience of proven success across geographies, including Indonesia. His hands-on approach and wealth of experience will allow us to continue delivering demonstrable value to our partners both on the platform and demand side. We are looking forward to the next stage of our journey together with Devinder,” said Siddharth Correya, Managing Director, Httpool Indonesia.   On the appointment, Devinder said, "I am super thrilled and excited to be a part of this journey at Httpool. Indonesia is the fastest-growing market with lots of unique challenges, and I am confident that Httpool's multi-platform solutions are the best fit to fulfill the advertiser's requirements. Twitter has seen phenomenal growth over the past few years, and I am glad to have the opportunity to ride the wave. Looking forward to more learning and implementing the experience I have gained so far."   Devinder has more than 18 years of digital sales and business development experience with brand solutions as the core. Before joining Httpool, he was heading the Business Development of India and Indonesia with MediaDonuts.  
Sahiba Sachdev Joins Interactive Avenues as Associate Vice President
Feb 12 2021 By Admin
    Sahiba Sachdev joins Interactive Avenues as Associate Vice President. Sahiba, a seasoned executive with over 11 years of experience, ranging from consulting/strategy, content & e-commerce. She has also co-authored several reports with Kantar Millward Brown and Mobile Marketing Association India. In her new role as the Media Head of North & East, Sahiba will be responsible for driving the entire media practice for the region. “The Digital Ecosystem has been put on a very fast acceleration post COVID, and more brands are in the process of digital transformation than ever before. Sachdev is a seasoned digital professional and her multi-faceted experience is going to add immense value to our Paid Media craft in the North & East regions. I am delighted to have her on-board and wish her success”, said, Harish Iyer, Executive Vice President, Interactive Avenues – A Reprise Network Company. Talking about her new role, Sahiba Sachdev, Media Head – North & East, Interactive Avenues, said, “What attracted me to Interactive Avenues was their philosophy of integrating all the digital brigades to narrate a holistic business story for its clients. I am looking forward to working with a great team and an exciting roaster of cross-category clients; continue building the already strong media prowess; drive a data-driven philosophy; and also learn new things during my journey.” Sachdev comes with a bachelor’s degree in journalism from Dublin University and a dual Masters in Advertising/PR &English Literature. At her last stint with PHD Media (Omnicom Group), she led, key businesses like VIVO & Royal Enfield. She has worked with brands like Vivo India, Google, Royal Enfield, Airtel, Perfetti Van Melle, Pepsi to name a few.

OTT

Lionsgate Play launches its first Original Indian Production
Feb 25 2021 By Admin
     Premium global streaming platform STARZ, which launched its Lionsgate Play direct-to-consumer OTT app to a strong response in India last year, is partnering with Lionsgate Television (LGTV) on its first Indian original series, a remake of LGTV’s critically-acclaimed, Golden Globe-nominated hit series CASUAL. CASUAL will kick off Lionsgate Play’s first original slate of dramas, comedies, crime and action series for the Indian and South Asian market, building on its success with acclaimed award-winning series such as NORMAL PEOPLE (nominated for two Golden Globe), THE GOES WRONG SHOW and the hit series LOVE LIFE.  The remake of CASUAL will offer great drama with bold character explorations that have already become a trademark of Lionsgate Play’s content offering for Asian subscribers. “Lionsgate Play continues to gain momentum in India, proving to be a strong driver of Starz’s international growth,” said Starz President and CEO Jeffrey Hirsch. “Partnering with Lionsgate Television to kick off our first original series tailored for the Indian and South Asian market is the next step in curating our offering for our subscriber base who resonates with our bold, unique and defining series that make up our ‘Best of Global SVOD’ content strategy.” Since Starz began its international rollout in 2018, the STARZPLAY global subscription platform has achieved unparalleled growth worldwide and is now available in 56 countries (including its STARZPLAY Arabia joint venture). “The launch of Lionsgate Play’s first slate of original series in India is the next logical step in the continued rapid growth of the platform,” said Lionsgate Television Group Chairman Kevin Beggs.  “Our ability to kick off the Lionsgate Play original slate with the remake of a great intellectual property like Casual, with a renowned director and world-class stars, shows what we can achieve through the continued collaboration of our STARZ, Lionsgate Television and Lionsgate India businesses.” “Lionsgate is committed to bring the best and most exciting premium content to India and other South Asian countries,” said Rohit Jain, Managing Director South Asia and Networks - Emerging Markets Asia. “We’re excited to launch our first line-up of original series with a great slate of accomplished writers, directors and actors as we continue to broaden and diversify our strong and exceptionally well curated content offering.” The series will be directed by Kunal Kohli, the award winning Bollywood film director known for films such as Hum Tum and Fanaa, and it will star Lara Dutta and Prateik Babbar.  A talent powerhouse and former Miss Universe, Lara has won several film accolades and starred in hit films including Housefull and Don 2, among others.  The role of her brother will be played by Prateik Babbar, known for his versatile acting talent in Jaane Tu Ya Jaane Na, Mumbai Diaries and numerous other films and premium series. Building on its reputation for being a disruptive force in the market, Lionsgate Play is committed to innovation in its content, technology, pricing, and accessibility by making premium Hollywood content available in multiple Indian languages. In India, the app is available to download across a broad array of platforms and devices including Google Play store, Apple app store and Amazon firestick.  
Lionsgate Play brings Antebellum, a highly acclaimed psychological thriller direct to digital in India
Feb 18 2021 By Admin
  Having a stellar month with multiple shows and movies exclusively releasing on the platform, Lionsgate Play has now announced the release, of the much-awaited movie Antebellum on 19th February 2021. Starring Janelle Monroe, the movie is a psychological thriller that will leave you reasoning. Direct to digital, making it the biggest premiere of the month for Lionsgate Play in India. Directed by the writer-director duo, Gerard Bush and Christopher Renz. Switching between two different era Janelle Monae plays the lead role as Eden, a slave in the southern plantation in Louisiana and Veronica Henley, a renowned sociologist in present times. The movie follows Veronica as she commences her book tour finding it difficult to leave her husband and daughter behind. The story weaves between the past and present, so is Veronica’s experience a thrilling betwixt nightmare and reality. As strange events starts happening, she must uncover this mind-bending mystery before it’s too late. Antebellum is a sure shot bone-chilling experience.   So if you’re hanging out with friends this weekend and you struggle to select a movie, we’d suggest Antebellum be the one you watch! Exclusively streaming on Lionsgate Play.   Download Lionsgate Play on Google Play Store, Apple app store and Amazon Firestick.  
ALTBalaji and ZEE5's youth drama Crashh, skyrocketed to the top of IMDB's India's most anticipated shows list.
Feb 16 2021 By Admin
    ALTBalaji and ZEE5's latest youth drama Crashh is now number 2 on IMDB's most anticipated shows list. Launched on Valentine's Day, which also happens to be a Sunday. The series has been making headlines everywhere long before the launch was on the horizon. The series comes at the perfect time of the year. The familiar faces in the cast that we have fallen in love with added to the series. The distinct storyline and characters are not what audiences are generally used to, making Crashh all the more impressive.   The story of Crashh is about four siblings whose lives are altered forever when they lose their parents in a road accident. They are taken into an orphanage and later separated when various families adopt them. There is also the mental trauma of all this that never really leaves. Years later, the oldest sibling, Kabir, a cop who never got adopted, goes on a search for his long-lost siblings. The story highlights the special subconscious connection they share despite being worlds apart.   The series directed by Kushal Zaveri, has Zain Imam, Rohan Mehra, Aditi Sharma, Anushka Sen, and Kunj Anand in the lead roles. They truly bring the characters to life.
Lionsgate Play now available through Apple TV channels in India
Feb 16 2021 By Admin
    Lionsgate Play, the recently launched streaming entertainment service, announces it is now available to customers in India through Apple TV channels on the Apple TV app on iPhone, iPad, Apple TV, iPod touch, Mac, select Samsung, LG, and Sony smart TVs, Amazon Fire TV devices, and PlayStation and Xbox consoles.     Lionsgate Play launched its streaming service in December last year, offering bespoke premium Hollywood content for its Indian consumers. With a philosophy focused on featuring the best from the world, Lionsgate Play has an extensive library with highly curated and best in class content from global giants like BBC, Lionsgate, ITV, and Endeavour. Their content is edgy, thrilling, sensational and urban. Lionsgate Play also has localized their content in India in various regional languages and further will be introducing Indian originals and local language movies in the coming months. Lionsgate Play’s offering includes award-winning titles like Normal People, The Goes Wrong Show, Midway, Love Life, Manhunt, John Wick 3, Knives Out, Primal, Bombshell, and Rambo, to name a few.   Subscribers to Lionsgate Play through Apple TV channels can watch online or enjoy offline downloads of their favorite shows and movies on the Apple TV app. Through Family Sharing, up to six family members can share subscriptions to Apple TV channels using just their Apple ID and password.    Mr. Amit Dhanuka, Executive Vice President, Lionsgate, said, “Apple enjoys unprecedented consumer loyalty and their strong foothold especially amongst premium consumers will help us expand our premium service to all their users. We are proud to offer customers curated compelling and quality content on Lionsgate Play through Apple TV channels in India.”   The Apple TV app brings together all the ways to watch shows and movies into one app and is available on iPhone, iPad, Apple TV, Mac, select Samsung, LG, and Sony smart TVs, Amazon Fire TV devices, and PlayStation and Xbox consoles, and will launch on Chromecast with Google TV early this year. The Apple TV app also features Apple TV+, Apple’s video subscription service offering original shows, movies and documentaries from the world’s most creative storytellers, as well as other Apple TV channels, personalized and curated recommendations, and movies to buy or rent.