FACING DIGITAL DISRUPTION: A STUDY OF INDIA’S DIGITAL PREPAREDNESS

Commerce

Second National Level Interdisciplinary Seminar on "Exploring Emerging Trends and Innovation in Research in Commerce, Science & Technology, Humanities and Social Sciences”

Moving ahead from the 1960’s revolution of Computerization, we are now witnessing the emergence of digital systems, networked communications, machine learning and large scale Data analysis, leading to an increasing integration of these technologies into Business and Production processes, making them self-sustaining and more efficient. Known as the Fourth Industrial Revolution, it goes beyond simple device connectivity towards being an Internet of Everything. This revolution is resulting in disrupting every industry, reshaping how we work, relate, communicate and learn, reinventing every sphere of business, from media and entertainment, healthcare, education, retailing to transport. This transformation in the Business models, industry value chain and patterns of demand known as Digital Disruption is a challenge which depending on the way it is tackled, can become an opportunity or a threat for the businesses and the nation. This paper tries to examine the ability of India to reap the benefits of this transition on the basis of various parameters of its Networked Readiness Index published by World Economic Forum. The paper also tried to assess the efforts of the government to develop a conducive Digital environment through ‘Digital India’

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