Xerox India perspective on MPS, financial inclusion and 3D Printing

With the vast amount of data that will be generated through the positive change in Government ideology, the back-end vital work-flows and processes (such as managed print services, document management services, etc) will have to undergo a major revamp in 2015, with upgrades and implementation of new content management solutions that ensure data availability on a real time basis with no lapse.

As per the assessment that E&Y and Xerox did on Indian MPS market, the market size as of 2015 is expected to be ~250M$. MPS adoption levels as of 2011 were less than 10 percent (steadily growing though) and hence there is a vast untapped opportunity for market expansion. MPS segment has gained momentum in the last few years as enterprises have started to transition from CAPEX to OPEX business mode of printing. With the changing technology, MPS not only caters to “Print for Less” but also “Print less” via enhanced automation and digitization. There is increasing awareness about the MPS market in India as outsourcing as a service model matures, and early adopters realize significant business benefits. The momentum is currently evident in the large enterprises, but the vibrancy in the market with the entry of more players offering MPS is slowly but surely permeating to other segments including the medium and small enterprises. The success of Indian service verticals like BFSI, Telecom, education, publishing, hospitality and real estate are driving the adoption of MFDs. MPS is bound to witness impressive growth in the next 18 months as its compelling business benefits, along with enhanced service standards, attract enterprises of all sizes cutting across verticals.

Vishal Awal, Executive Director, Xerox Services,
Vishal Awal, executive director, Xerox Services,

With Narendra Modi at the helm, the Indian Government is steadily carving a great success story, testimony to which is the recently announced Pradhan Mantri Jan Dhan Yojana (PMJDY). The dream of transforming into a more streamlined, simple and easy transaction methodology, PMJDY will enable people to move out of the clutches of usurious money lenders by providing access to basic banking needs.  With 1.5 crore bank accounts opened on a single day, in the first leg of deployment and the aim of achieving >7.5 crore bank accounts by January 26, 2015; the eventual success of the financial inclusion plan will depend on the core technologically efficient solutions. Tying-in with this, Researchers at Xerox invented a banking solution that reduces the cost of establishing branches – even in rural areas – and automates much needed personal banking services, like opening a bank account or applying for a loan, making it simple for consumers in India and other developing countries to manage their money. The solution helps with automatic validation of completeness and correctness of handwritten paper forms, language conversion of forms without the need for translation and secure technology to overcome slow, error-prone data transmission over satellite networks commonly used in rural areas.

There is scope to build an understanding of how intelligent and innovative solutions in virtualization, cloud, analytics, collaboration, social media, big data, converged infrastructure can help these industries derive significant business benefit. In the coming year, with the government’s push towards ‘Digital India’, it can be seen that special-purpose clouds and applications will emerge to focus specifically on connecting devices and machines. They will gather data quickly, likely streaming off devices with very little structure, as well as performing quick analysis of the data with the ability to instantly respond to the device. Adding to this, the rise of 3D printing is likely to lead to the re-invention of many old products, as well as the introduction of extraordinary new innovations. 3D printing is on track to move beyond a mere emerging technology into a truly transformative technology. The ability to locally print almost any designable object would have strong repercussions across our society. It is thus crucial that technologists and policy makers begin a significant dialogue in anticipation of these challenges to our current global economic status quo. While the future is certainly hard to predict, prescience and advanced planning are necessary in preparation for the disruptive technology of 3D printing.

Vishal Awal, executive director, Xerox Services

Related News

Latest News

Latest News