The Securities and Exchange Board of India (SEBI) will spend 500 crore rupees in the next five years on information technology. Recently, SEBI chairman Ajay Tyagi has given this information. In this statement, Ajay Tyagi said, "SEBI not only promotes technological innovation in the securities market, but it also continues to upgrade technology regularly in its functioning. Sebi plans to spend Rs 500 crore on IT in the next five years.

Emphasis on Private Cloud Service

According to a news report by news agency PTI, during this time the emphasis of SEBI will be on private cloud service. All the computer based services like web hosting and data storage are provided under cloud computing or service. The cloud service market is growing at a rate of 23 percent annually and its size is expected to reach $ 5.6 billion in the next five years. Recently global research and advisory firm Gartner Inc. has reported that global cloud services revenue will grow 17 percent to $ 266.4 billion in 2020. In the previous calendar year, it stood at $ 227.8 billion.

According to Deepak Kagliwal, director of Blazeclan Technologies, which provides cloud computing services, cloud computing is expected to make a big change in India's digital-IT world. Let us know that Blazeclan company established in 2010 is providing services to companies or others worldwide. It has its headquarters in India while also has a strong presence in ASEAN, Europe and North America.

Jio had signed an agreement with Microsoft

Recently, Microsoft has tied up with Reliance Jio Infocomm (Jio) for cloud computing for 10 years. According to this agreement, Jio will build a data center across India and will support Microsoft's cloud computing platform Azure in Data Center. According to a report by the news agency Reuters, it can prove to be a big challenge for companies already offering cloud services like Amazon-Google.