THIS MATERIAL IS A MARKETING COMMUNICATION.
Indian IT Sector: Resilient Through Multiple Technology Changes
Living in the Era of Technological Pervasion
The share of technology in every product is increasing, and this expansion is leading to the creation of new kinds of services. Devices are becoming connected, autonomous vehicles are coming for last-mile delivery, 3D printing is disrupting the health care industry, and robots and 5G are becoming reality. Collectively, this is resulting in technology becoming central to every industry — and in the coming years, we will see new usecases emerge as artificial intelligence (AI) creates new possibilities for personalization, monitoring and marketing. It will also create new challenges around how to access, regulate and secure data.
Manufacturing Industry: industrial manufacturers are joining their counterparts and looking for connected machineries with sensors. Except for a shift from mass production to customization, the primary objective of this new technological integration is to enable real-time data monitoring and generate analytical insights, which can allow the exchange of critical data with other machines and computer networks on a real-time basis via cloud infrastructure.
Cloud Computing: As the primary choice for handling large quantities of data, the cloud is increasingly becoming an indispensable part of the enterprise IT infrastructure. IT-BPM (business process management), e-commerce, communication and media have been the leaders in cloud adoption, which is highly visible in multiple enterprises’ processes for faster and better management of workflow.
Robotics: As the primary choice for handling large quantities of data, the cloud is increasingly becoming an indispensable part of the enterprise IT infrastructure. IT-BPM (business process management), e-commerce, communication and media have been the leaders in cloud adoption, which is highly visible in multiple enterprises’ processes for faster and better management of workflow.
Global Shortage of Key Digital Skills: With more than 8,000 firms and 2,000 digital-focused startups, and nearly 600,000 digitally skilled workers from its 4 million IT sector employees, India has fast been evolving as the digital partner for various industries across the world. According to research conducted by Goldsmiths, University of London, and Automation Anywhere, India leads developed countries such as the United States, the United Kingdom and Japan in terms of deployment of AI-based and RPA-based technologies, especially in the BFSI and manufacturing sectors.
Opportunity for Indian IT Companies: High operating margins, cash generation and return on invested capital have underlined the IT services business. As IT keeps moving up the value chain, it is unlikely that the quality of financial metrics will wane anytime soon. Moreover, they have set the bar higher in terms of payback to shareholders.
Indian IT Sector: Resilient Through Multiple Technology Changes
Living in the Era of Technological Pervasion
The share of technology in every product is increasing, and this expansion is leading to the creation of new kinds of services. Devices are becoming connected, autonomous vehicles are coming for last-mile delivery, 3D printing is disrupting the health care industry, and robots and 5G are becoming reality. Collectively, this is resulting in technology becoming central to every industry — and in the coming years, we will see new usecases emerge as artificial intelligence (AI) creates new possibilities for personalization, monitoring and marketing. It will also create new challenges around how to access, regulate and secure data.
Manufacturing Industry: industrial manufacturers are joining their counterparts and looking for connected machineries with sensors. Except for a shift from mass production to customization, the primary objective of this new technological integration is to enable real-time data monitoring and generate analytical insights, which can allow the exchange of critical data with other machines and computer networks on a real-time basis via cloud infrastructure.
Cloud Computing: As the primary choice for handling large quantities of data, the cloud is increasingly becoming an indispensable part of the enterprise IT infrastructure. IT-BPM (business process management), e-commerce, communication and media have been the leaders in cloud adoption, which is highly visible in multiple enterprises’ processes for faster and better management of workflow.
Robotics: As the primary choice for handling large quantities of data, the cloud is increasingly becoming an indispensable part of the enterprise IT infrastructure. IT-BPM (business process management), e-commerce, communication and media have been the leaders in cloud adoption, which is highly visible in multiple enterprises’ processes for faster and better management of workflow.
Global Shortage of Key Digital Skills: With more than 8,000 firms and 2,000 digital-focused startups, and nearly 600,000 digitally skilled workers from its 4 million IT sector employees, India has fast been evolving as the digital partner for various industries across the world. According to research conducted by Goldsmiths, University of London, and Automation Anywhere, India leads developed countries such as the United States, the United Kingdom and Japan in terms of deployment of AI-based and RPA-based technologies, especially in the BFSI and manufacturing sectors.
Opportunity for Indian IT Companies: High operating margins, cash generation and return on invested capital have underlined the IT services business. As IT keeps moving up the value chain, it is unlikely that the quality of financial metrics will wane anytime soon. Moreover, they have set the bar higher in terms of payback to shareholders.
Disclaimer & Information for Investors
No distribution, solicitation or advice: This document is provided for information and illustrative purposes and is intended for your use only. It is not a solicitation, offer or recommendation to buy or sell any security or other financial instrument. The information contained in this document has been provided as a general market commentary only and does not constitute any form of regulated financial advice, legal, tax or other regulated service.
The views and information discussed or referred in this document are as of the date of publication. Certain of the statements contained in this document are statements of future expectations and other forward-looking statements. Views, opinions and estimates may change without notice and are based on a number of assumptions which may or may not eventuate or prove to be accurate. Actual results, performance or events may differ materially from those in such statements. In addition, the opinions expressed may differ from those of other Mirae Asset Global Investments’ investment professionals.
Investment involves risk: Past performance is not indicative of future performance. It cannot be guaranteed that the performance of the Fund will generate a return and there may be circumstances where no return is generated or the amount invested is lost. It may not be suitable for persons unfamiliar with the underlying securities or who are unwilling or unable to bear the risk of loss and ownership of such investment. Before making any investment decision, investors should read the Prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Fund and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investment.
Sources: Information and opinions presented in this document have been obtained or derived from sources which in the opinion of Mirae Asset Global Investments (“MAGI”) are reliable, but we make no representation as to their accuracy or completeness. We accept no liability for a loss arising from the use of this document.
Products, services and information may not be available in your jurisdiction and may be offered by affiliates, subsidiaries and/or distributors of MAGI as stipulated by local laws and regulations. Please consult with your professional adviser for further information on the availability of products and services within your jurisdiction. This document is issued by Mirae Asset Global Investments (HK) Limited and has not been reviewed by the Securities and Futures Commission.
Information for EU investors pursuant to Regulation (EU) 2019/1156: This document is a marketing communication and is intended for Professional Investors only. A Prospectus is available for the Mirae Asset Global Discovery Fund (the “Company”) a société d'investissement à capital variable (SICAV) domiciled in Luxembourg structured as an umbrella with a number of sub-funds. Key Investor Information Documents (“KIIDs”) are available for each share class of each of the sub-funds of the Company.
The Company’s Prospectus and the KIIDs can be obtained from www.am.miraeasset.eu/fund-literature . The Prospectus is available in English, French, German, and Danish, while the KIIDs are available in one of the official languages of each of the EU Member States into which each sub-fund has been notified for marketing under the Directive 2009/65/EC (the “UCITS Directive”). Please refer to the Prospectus and the KIID before making any final investment decisions.
A summary of investor rights is available in English from www.am.miraeasset.eu/investor-rights-summary.
The sub-funds of the Company are currently notified for marketing into a number of EU Member States under the UCITS Directive. FundRock Management Company can terminate such notifications for any share class and/or sub-fund of the Company at any time using the process contained in Article 93a of the UCITS Directive.
Australia: The information contained in this document is provided by Mirae Asset Global Investments (HK) Limited (“MAGIHK”), which is exempted from the requirement to hold an Australian financial services license under the Corporations Act 2001 (Cth) (Corporations Act) pursuant to ASIC Class Order 03/1103 (Class Order) in respect of the financial services it provides to wholesale clients (as defined in the Corporations Act) in Australia. MAGIHK is regulated by the Securities and Futures Commission of Hong Kong under Hong Kong laws, which differ from Australian laws. Pursuant to the Class Order, this document and any information regarding MAGIHK and its products is strictly provided to and intended for Australian wholesale clients only. The contents of this document is prepared by Mirae Asset Global Investments (HK) Limited and has not been reviewed by the Australian Investments & Securities Commission.
Copyright 2021. All rights reserved. No part of this document may be reproduced in any form, or referred to in any other publication, without express written permission of Mirae Asset Global Investments (Hong Kong) Limited.