India-based software firm Tata Consultancy Services (TCS) is planning investments in emerging digital technologies such as big data, cloud and mobility.
According to the company, the investments in these sectors have been rising as firms across the world are realising the benefits of these technologies.
TCS managing director and CEO Natarajan Chandrasekaran was cited by PTI as saying that the business in these sectors is picking up momentum and the company has made serious investments.
"We are talking with clients in realising this core transformation and companies are all beginning to invest money in this space, whether it is cloud, whether it is big data, whether it is mobility," Chandrasekaran said.
"I think it is a significant pick-up that we are having.
"It will scale every quarter because this is the time discretionary spending is going in this direction."
Along with TCS, Infosys is also eyeing the mounting digital technology space and it experienced increased sales momentum of its big data and cloud offerings during the third quarter.
According to a survey carried out by Gartner, about 64% (http://www.cbronline.com/news/64-of-organisations-have-invested-or-plan-to-invest-in-big-data-in-2013) of organisations have either invested or plan to invest in Big Data during the year, reporting 10% rise from last year.
About 30 of the surveyed organisations have already made investments in big data technology, while 19% plan to invest within 2014, with a further 15% to invest within two years.