Subscribe to the Bombay Chartered Accountant Journal Subscribe Now!

October 2023

From The President

By CA Chirag Doshi, President
Reading Time 6 mins

India is witnessing a telecom and IT revolution, and it is gaining prominence in its contribution to the world economy by providing state-of-the-art products and services to the world.

As per the NASSCOM report, the IT industry has a noticeable impact on improving the efficiency of almost every other segment of the economy.

The rollout of fifth-generation (5G) communication technology and the increasing adoption of artificial intelligence, cloud computing, Big Data analytics, and the Internet of Things (IoT) will further enlarge the size of the IT industry of India at the global level. India, with approximately 55 per cent of the world's service-sourcing market, is poised to take a big leap in technology transformation in years to come.

However, certain myths about technology often arise from misconceptions, fears, or misunderstandings about how technology works and its impact on society. As technology is impacting our daily lives, it is time to clear certain myths about the use of technology. This myth-busting exercise is to provide insights to the readers on the ease of using technology and coming out of the fear syndrome while using technology in their daily lives.

TECHNOLOGY AND SOME OF ITS MYTHS

1. Myth: “incognito” and “privat