The pace of Artificial Intelligence (AI) and digital transformation has moved beyond imagination and offers India its next Y2K moment, Telangana IT & industries principal secretary Jayesh Ranjan said on Friday.

Speaking at the Confederation of Indian Industry (CII) Telangana’s first IT conclave on the theme ‘Innovation Unleashed: Shaping the Future of Digital Transformation’, Ranjan said that while initially it was only large companies that were focused on digitisation but today every company is concerned about hopping onto the digitisation bandwagon.

Pointing out that nothing had helped the Indian IT sector’s reputation grow by leaps and bounds than the Y2K opportunity, Ranjan said: “This is the next Y2K moment for India’s tech sector and Telangana is poised to take leadership as its tech ecosystem has matured very well and industry here works very harmoniously. The IT sector in Telangana has lower turnover and better employee discipline with higher back to office numbers than other cities.”

Lauding the role played by southern states in tech adoption and improving the quality of life, CII Telangana chairman C Shekar Reddy said Telangana stands second in India on the innovation index.