Payal Nambiar Founder and Director, B-Square says Looking at the industry at large, the ERP segment made remarkable strides in 2024, one of the most notable advancements is the integration of new age technologies like Artificial Intelligence and Machine Learning into ERP systems. In addition to this, cloud-based ERP solutions too gained significance in 2024. ERP systems with Advanced BI tools coupled with integration with other technologies are practically redefining the way businesses operate. With all these noteworthy achievements, like all sectors, the ERP Sector was not without its share of baggage – ERP Systems, by its very nature, (since it processes and stores a large amount of sensitive data), the spotlight has been on Data Security and Data Protection.
Learnings and takeaways are part of every industry and serve as a stepping stone for the future. Looking back the year, it is more an evident that Innovation is the name of the game and undoubtedly, the recipe for success. Businesses that embrace a culture of innovation can seamlessly integrate it into their business intelligence strategies, and reap in efficiency and drive growth.
Other noteworthy trends that has been observed this year is enhanced customization, Growth of Industry-Specific Solutions, Emphasis on User experience, Integration with Emerging Tech Integration of AI and ML.
At B-Square, 2024 has been a transformative year with many significant achievements and innovations that set us apart in the industry. The year has witnessed a sharper focus in delivering tailored solutions to meet the demands of our customers. From cables and paper packaging to steel fabrication, from electronic components to laser machine manufacturing, from copper rod industry to fibre optic solution, from auto components manufacturers to power generation, we have developed industry-specific solutions that cater to the unique needs of our clients.
This year, we also proudly reached a major milestone with the integration of our software into the Zambia Taxation Department through the Zambia Revenue Authority (ZRA). Furthermore, we are expanding our reach internationally, in regions such as Africa, Qatar, and the UAE. Our focus on hyper-automation within ERP systems—especially in Human Resource Management Systems (HRMS)—has positioned us as leaders in innovation.
At the threshold of stepping into a New Year, it’s essential to reflect on the key learnings we’ve gathered along this journey. We are looking forward to the New Year and we feel that 2025 will be the year of greater reckonings, technological advancements, and a future filled with infinite possibilities.
Mr.Ashutosh Kumar, founder and CEO GrowthJockey Says “In 2024, venture builders and architects experienced a dynamic landscape characterized by significant technological advancements and evolving industry trends. A notable emphasis was placed on artificial intelligence (AI), with AI startups capturing a substantial portion of attention and resources, reflecting the industry’s confidence in AI’s transformative potential.
Corporate venture building also gained traction as companies sought new revenue streams and competitive advantages. An EY-Parthenon survey revealed that 45% of companies launched ventures generating at least $100 million in annual revenue. However, only a small percentage achieved billion-dollar valuations, highlighting the challenges in scaling new ventures.”
Looking ahead to 2025, several key trends are anticipated:
Continued AI Integration: AI is expected to remain a cornerstone of venture strategies, with firms leveraging AI-driven analytics for decision-making and focusing on AI-native companies across various sectors.
- Shift in Strategic Approaches: Venture firms may adopt more conservative strategies, emphasizing resilience and sustainable growth over rapid expansion, particularly in sectors like fintech, healthtech, SaaS, AI, and cybersecurity.
- Overall, the outlook for venture builders and architects in 2025 appears promising, with opportunities arising from technological innovations and a gradually improving industry climate.
Sanjay Sehgal, Founder, Chairman and CEO at MSys Technologies, a company revolutionizing tech solutions for Fortune 500 companies and Silicon Valley ISVs, delivering high-impact, AI-powered software innovations that address complex technology challenges.
“The past year marked a breakthrough moment for Generative AI. What began as early adoption has rapidly evolved into a transformative force, reshaping operations across industries. Organizations are now leveraging Gen AI to create highly customized, scalable digital solutions, driving efficiency and innovation at scale.
Looking ahead to 2025, I envision a future where AI Agents redefine the development of digital solutions across industries. Foundational models, such as large action models (LAMs) and large language models (LLMs), will extend AI Agents capabilities to tackle complex use cases with unprecedented speed and cost efficiency.
At MSys Technologies, we are committed to staying at the forefront of this evolving technology landscape. Our AIOps capabilities enable seamless cloud scalability, performance monitoring, and cost optimization. Through MSys GCCs (Global Capability Centers) and ODCs (Offshore Development Centers), we continue to build next-generation AI agents, equipping our clients to thrive in today’s highly competitive digital landscape.”
Siddhartha Chandurkar, CEO & Founder, ShepHertz, a Platform Company, having product offerings in the AI, BigData and API space.
“The year 2024 was transformative for the tech industry, especially with the launch of generative AI as a mainstream technology. This innovation has significantly impacted industries across various sectors and changed their outlook. AI is no longer restricted to R&D teams but has become a central strategic topic of discussion at the board level. No company can afford to neglect focusing on AI, as it is crucial for staying competitive and driving innovation in today’s rapidly evolving market.
Looking ahead to 2025, apart from new LLM models emerging and existing ones becoming better and more accurate, there will be many more applications and use cases that will come out in new and unforeseen ways. The industry will explore practical applications, integrating AI into everyday use cases. Additionally, the development of artificial general intelligence (AGI) will bring AI closer to human-like capabilities, further transforming how we interact with technology. The future promises exciting advancements, with AI continuing to shape our world in profound ways—not only for enterprises but also benefiting common people in their everyday activities.”
Kamalasekar Subramaniam, Principal Consultant of VTRAC, Cybersecurity Consulting Services at Verizon Business says As we approach 2025, cybersecurity threats will continue to evolve at an accelerated pace. As we see advancements in AI and quantum computing, attackers are becoming more sophisticated. Social engineering attacks are evolving beyond traditional phishing, with attackers now using deepfake technology making it harder to distinguish between legitimate and malicious communication. As AI plays an increasingly central role in detecting and responding to threats, attackers will harness the same technology to craft more complex and effective attacks.
Additionally, the rise of large language models (LLMs), presents new vulnerabilities as attackers can manipulate AI systems through prompt injections, bypassing traditional security measures. On top of that, quantum computing is on the horizon, potentially cracking current encryption methods and enabling more advanced ‘hack now, crack later’ attacks. To combat emerging cyber threats, organizations should focus on AI-driven detection and response systems, proactive monitoring, and recovery strategies. Leveraging AI-enhanced Security Operations Centers (SOCs) for dynamic threat detection and remediation, ensuring more resilient defenses in the face of evolving risks.” – Kamalasekar Subramaniam, Principal Consultant of VTRAC, Cybersecurity Consulting Services at Verizon Business
Sumeet Mathur, Senior Vice President and Managing Director, ServiceNow India Technology & Business Center Says Generative AI is entering a pivotal phase of adoption, with three major trends shaping its future. Until now, generative AI has been predominantly text-based, but the next wave will be multimodal—integrating vision AI for image and video processing to unlock impactful business outcomes and entirely new possibilities. The rise of agentic AI, where autonomous agents operate with human oversight, is another significant shift. This will drive greater agility, innovation, and operational excellence.
However, as AI adoption scales, challenges in governance and system integration persist. Many teams are burdened by siloed tools, limiting visibility and oversight. To address this, companies will increasingly adopt unified AI governance framework that connect strategy, technology, security, and compliance—acting as AI control towers. To help accelerate business transformation, companies will need to build AI capabilities that is trusted by its users.
Kaushik Khona, Managing Director of Ceinsys Tech Ltd says, India’s emergence as a global hub for artificial intelligence (AI) and data centre development is a testament to its exponential growth and its promising future in the digital economy. The Indian AI market is projected to reach $17-22 billion by 2027, growing at a compound annual growth rate (CAGR) of 25-35%. This rapid expansion is driven by advances in AI software, services, and generative AI technologies, with government initiatives like the India AI Mission playing a pivotal role. These efforts not only foster innovation and upskill the workforce but also ensure the ethical deployment of AI systems. By 2025, AI integration is expected to contribute $500 billion to India’s GDP, further solidifying its position as a global leader in AI.
Parallel to this, India’s data centre industry is experiencing remarkable growth, with its operational capacity set to more than double by FY-2027, backed by significant investments of ₹50,000-55,000 crore. The surge is driven by increasing demand for AI-driven applications, data localization policies, and the growing adoption of cloud computing. India’s ecosystem—characterized by a vast talent pool, low operational costs, and government support—makes it an attractive destination for global data centre players.
A notable trend is a shift towards Tier 2 and Tier 3 cities for data centre expansion, driven by lower capital expenditure, access to renewable energy, and government incentives. This decentralization not only boosts local economies but also creates quality jobs in fields like AI, cloud computing, and IoT. India’s digital transformation is further accelerated by international collaborations, such as its partnership with NVIDIA to develop “Sovereign AI,” ensuring India’s autonomy over AI technologies. With strategic focus and continued investments, India is poised to become a key player in the global digital economy.
