Having completed his MS in Computer Networks from University of Southern California, Sushil boasts of a 25-year long career during which he has handled key responsibilities across companies such as Mahindra British Telecom, Inktomi Corporation, Cisco Systems and Nevis Networks, prior to co-founding Rahi Systems in 2011. Today, Rahi has evolved into a one-stop-shop for all IT services such as Data Centre Infrastructure, Enterprise IT Infrastructure, Audio Visual Solutions, Systems Integration, and Global Distribution & Logistics, to name a few.

The ongoing digital revolution has completely disrupted the way businesses operate. While digitization is leading the web 3.0 trends from the front, it has led to massive amounts of data being generated, thus making it easier for companies to build interconnected networks and make informed decisions based on data being collected and analyzed. Blockchain, AI and IoT are some of the major technologies that are making wen 3.0 more secure, transparent and resistant to censorship. Since the foundation of web 3.0 is built with a vision to build more decentralized and democratized internet, it is now successfully enabling the creation of decentralized networks, automating complex processes, and providing the necessary infrastructure for emerging technologies to function effectively.

Web 3.0 in India & Abroad

Web 3.0 is growing at a steady pace in India and abroad, wherein multiple blockchain-based projects and initiatives are gaining traction. The web 3.0 startup ecosystem in India is currently witnessing a hockey stick growth curve, wherein people from various departments such as marketing, sales and development are collaborating with each other to build nextgen tech platforms.

The opportunities are endless for companies that are incorporating web 3.0 technologies. Along with startups and large corporates in India, the government too is extensively leveraging web 3.0 technologies for land registry, supply chain management, digital identity and many other use cases. As a result, web 3.0 technology has the potential to contribute over $1.1 trillion to India’s GDP, thus catapulting our country’s digital economy from $5 billion to $262 billion in the next decade.

In the US, the government is exploring options within web 3.0, specifically blockchain technology that could support monitoring or mitigating technologies to decrease climate impacts. In 2021, the European Union lawmakers have agreed to a way forward on regulating crypto to cover the traceability of crypto assets. Thus, it is safe to say that the development of Web 3.0 is gaining momentum both in India and abroad with blockchain-related solutions and projects likely to shape the future of the internet.

Latest Technologies Disrupting the IT Industry

Since innovation in IT is happening at an unprecedented pace, the rapidly changing IT environment is almost impossible to track. However, there are a few technologies that have been slowly and steadily revamping the IT industry as a whole. The major ones among them are:

• Blockchain: Web 3.0 is powered by blockchain technology and is set to build a decentralized environment. It will help build a more secure environment with its cryptographic encryption and strengthen the cybersecurity as well. Moreover, blockchain is laying groundwork for the future of fintech, with major enterprises investing in it to stay competitive in the market.

• 5G: Processing the constantly increasing data and its complexity will require a high speed 5G network that can seamlessly yield faster results. This will also lead to the integration of Internet of Things (IoT) devices that can benefit data centers to increase their efficiency and performance. The sharing of high-speed information will certainly bring dramatic changes in the way businesses operate and function.

• AR/VR: AR and VR will be at the center of digital transformation, enabling enterprises to build virtual simulation models to become flexible and agile in the face of possible changing circumstances.

Along with these, Artificial Intelligence, Machine Learning, Quantum Computing and Nanotechnology will fundamentally transform the infrastructure as we know today.

Data Security Measures

Incorporation of multi-factor authentication (MFA) can go a long way to secure the accounts of individuals and businesses. As passwords become more susceptible to hacks, MFA is the solution for enterprises that are more susceptible to cyberthreats. Enterprises should make a practice for individuals to use encryption whenever possible. This will help them to protect sensitive information including SSL/TLS for website connections, encrypted messaging apps and files stored on the computer. Additionally, keeping the software updated, being cautious of public Wi-Fi, regular data backup, monitoring sensitive accounts and educating employees are some of other practices that will help business stay wary of cyberattacks and ensure enhanced data security.

The Future Scenario

The IT industry was forced to adapt to transformational changes over the last few years, especially since the Covid pandemic. Digital transformation projects have been already accelerated at an unprecedented pace, leading to innovative technologies that are transforming the workplace. Technologies such as blockchain, artificial intelligence, machine learning, cloud computing and quantum computing will open many opportunities for growth in years to come.

For instance, data centers will become more efficient with the incorporation of IoT devices. Using AI will enable enterprises to build personalized experiences for their customers, leading to a loyal customer base that will increase growth, profitability and retention. Overall the IT industry is expected to continually evolve and adapt to new technologies and customer expectations. This will certainly open many doors for businesses and individuals willing to embrace the change and stay ahead of the curve.