Several ICT related laws have been passed in last couple of years which are essential to regulate this sector. The government has decided to build a tech park in Dhaka to facilitate the progress of ICT sector. But still there are many deficiencies in the regulatory framework and infrastructure development of ICT sector. Overcoming these deficiencies is the biggest challenge for implementing the vision of a ‘Digital Bangladesh’.
Software & Outsourcing
The IT/ITes sector of Bangladesh has grown considerably in recent years. Today, it accounts for more than 4,500 registered IT/ITes service provider employing over 750,000 ICT professionals. The total IT/ITeS revenue generated by the country reached approximately US$800 million for the period 2017-2018 with export revenue accounting for US$400 million, including the freelance outsourcing segment. Software industry contributes more than 1 percent in GDP of Bangladesh. Apps development also was most talked and inspiring among the youth. With the growth of smartphone market the mobile app development sector will grow phenomenally, as more subscribers will be downloading and using the apps on their phone.
Augmented Reality (AR) and Virtual Reality (VR)
Tomorrow’s Bangladesh is already here. Achievements and progress has been going on in the ICT sector of Bangladesh. PricewaterhouseCoopers, in its global economic projection for 2050, estimates that Bangladesh can potentially become the world’s 28th largest economy by 2030, surpassing countries like Australia, Spain, South Africa, and Malaysia in economic growth.
In visualising the future, we need an adjustment of the mental map of Bangladesh. A nation is not only narrated and officiated but also visualised; visualisation provides powerful perspectives for re-viewing the nation.
Bangladesh IT/ITES companies are implying AR/VR technologies in their projects. Reality as we know it is becoming blurred by the introduction of new technologies, which are set to reshape the way consumers interact with devices and their surroundings. Augmented reality, an amalgamation of virtual reality and real life, is the latest technology to provide an immersion environment that can be controlled without traditional physical button-pressing techniques. Its potential applications on a business and consumer level are numerous, despite its relative infancy.
Internet of Things (IoT)
IoT is all about connecting objects to the network and enabling them to collect and share data. Machines, buildings, cars and many more things can be embedded with software and sensors that let them collect and exchange data. IoT can immediately improve traffic management of cities, increase crop production, and maintain important infrastructure.
Bangladeshi IT/ITES companies have embraced the Internet of Things that is helping the country efficiently maintain key infrastructure, manage traffic properly and boost economic growth, according to experts.
Big Data in its simplest definition means data which is either very big, or growing very fast, or contains much variety such as unstructured data.
Gartner, the eminent IT research and advisory firm, uses the terms Volume, Velocity and Variety to describe this technology-concept, which is sweeping the world over. Add to all the data that is being churned out daily, an element of analytics – a way to make sense of what the data signifies and what trends it points to – and you have magic. Entities smart enough to utilize the concept are becoming productive and efficient by being able to respond in real time.
In the hypothetical situation depicted in the opening of this article, big data is playing a key role in helping law enforcers take a proactive step by helping them avert a crime, rather than following the traditional approach of responding/reacting to a crime.
For a ICT emerging country like Bangladesh potential that big data holds is really significant. Moreover, key drivers catalyzing big data adoption are all present in Bangladesh. Across Asia Pacific, recent trends suggest that technology is increasingly moving out of the realms of IT departments and CIOs. By 2016, Line of Business Executives will be directly involved in 80% of new IT Investments8. Heads of Marketing, for instance, will have a bigger say than CIOs, on what technology to adopt for better measurement of churn rate and gaining insight into loyalty figures.