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India’s fourth-largest software services company HCL Technologies Ltd plans to “invest significantly” in applications of emerging technologies such as those that power driverless cars and enable the Internet of Things (IoT) and wearable devices.
Analysts like Sanchit Vir Gogia, chief analyst and chief executive officer, Greyhound Research, believe that “companies are spreading themselves far too thin”. He added that while emerging technologies are definitely going to be important in future, “creating enough proof points of what they have started, for instance services on cloud, is much more important”.Gogia says while IoT is being deemed as the next big thing, the market hasn’t matured, so the revenues are going to be near negligible.
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