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Kerala IT sector marked growth in 2023

January 3, 2024
Kerala’s IT sector marked a growth in 2023, fully recovering from the dullness of the Covid pandemic period. The export revenue of IT companies in Kerala increased, including from government-controlled IT parks like Thiruvananthapuram Technopark, Kochi Infopark, and Kozhikode Cyberpark, as well as private IT parks such as Kozhikode UL cyberpark and Muthoot Technopolis. The government plans to establish 20 small IT parks based on 5G technology. Kerala Fiber Optic Network (K-FON) initiative aims to provide affordable, high-speed internet access. Kerala surpassed the national average in tele density and state’s internet infrastructure remains robust, with 27.44 million internet subscribers.

Sreekumar Pillai, Co-Founder and Chief Technology Officer, Experion Technologies, opines that the technological landscape has been redefined in 2023, by several groundbreaking innovations that have given new dimensions to various industries. “One standout is the incredible progress in AI, with significant advancements in natural language processing and machine learning transforming how we perform our day-to-day jobs with AI taking on complex tasks that once required human intelligence. This shift is propelling industries towards automation, enhancing efficiency, and as a result, businesses are increasingly integrating AI into their operations, leveraging its analytical power to drive innovation, personalize customer experiences, and make data-driven decisions at unprecedented speeds, he pointed out.

 

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