N. Raghuraman’s column – Keep your eyes and ears open and then invest… | एन. रघुरामन का कॉलम: अपने आंख-कान खुले रखें और फिर निवेश करें…

N. Raghuraman, Management Guru

My attention was drawn to a recent report. It was told that IT industry professionals are the most traveled people in the country. Analysis of top 100 listed companies has revealed that in 2023, the travel expenditure of the country’s major IT companies was more than Rs 2,600 crore.

IT professionals accounted for more than 30% of the high profile travellers. They are traveling across the country to meet the demands of the rapidly growing tech-savvy users. Every new age consumer expects a unique personalized experience even in digital services.

There is a competition in the IT and telecom industries to meet their expectations and these industries are going through a dramatic change from within. There are definitely indications that Artificial Intelligence (AI) will dominate the future world. Let me explain it with an example.

Remember those days, when we used to call our mother, she would suddenly ask, “Are you okay?” And you wonder how did the mother recognize that you are not well? In fact, a mother, despite not being a doctor, knows every nuance, ups and downs of her children’s voice.

She even knows from your breathing pattern that you are in pain. Learning from this ability of mother, AI technology is gradually becoming so advanced that it can detect many types of diseases just by listening to a few seconds of your voice clip.

In short, IT is going to become an important part of everyone’s life in the coming times. Just as every mother understands the individual needs of her children, similarly IT is also going to offer solutions to individual needs. Therefore always keep your eyes and ears completely open.

You will see and hear that new age tech companies are ready to solve the problems of every person in the world’s population of more than 800 crores. However, even today 40 percent of the world’s population does not have access to good technical facilities. Therefore, there seems to be huge scope for growth in the coming days for such solution providers. The world’s top-7 IT companies are enough proof of this.

management tip Identify emerging startups or IT companies. Evaluate and invest in their capabilities, knowledge, and commitment to solving human problems. Also give them some time to move forward. With them your investment will also progress rapidly. With this you can easily achieve your financial goals.