Yakov and Partners - In the media

In some areas Russian solutions could even be among the global leaders. Developing unmanned technologies offers huge potential. A window of opportunity is now opening for Russian manufacturers due to increased demand for a whole range of technologies, including high-performance chips, video cameras, and 4D imaging radars capable of detecting objects at a distance of 300 meters at any speed and in any weather, says Fedor Chemashkin

Fedor Chemashkin, CTO of Yakov and Partners Digital, explains how the IT market will be shaped and transformed in 2024: “We estimate that annual growth rates may exceed 10%. In the near future, the instruments of state support and import substitution will directly impact the volume of investments, which, in turn, will determine the speed of development of domestic hardware, software, and AI technologies”

In many countries around the world, the government plays a significant role in funding technology programs. For example, the United States, China, and European countries all invest between 1% and 3% of their gross domestic product (GDP) in technological development and ensuring their technological independence, says Fedor Chemashkin. A similar situation is also seen in Russia, where RUB 3 trillion will be allocated to support 12 national projects, with 55% coming from the state

Large investments, technological advancements, and the rapid growth of AI startups have raised concerns that the world may be on the verge of another dot-com bubble similar to the one that occurred in the early 2000s. There are indeed signs of overheating in the field of AI, says Fedor Chemashkin, CTO of YnP Digital. However, this technology is unlikely to recede into the background in the near future and will continue to attract investment

Fedor Chemashkin notes that the state is flexibly adapting assistance to various industries. In 2020, 10 billion rubles were allocated to support microelectronics, and then 210 billion rubles in 2024. Over the next few years, Russia's digital maturity will continue to grow, but there are several obstacles in the way. These include the lagging Russian technological base and a shortage of skilled personnel

In order to achieve technological independence, it is crucial for the country to develop its semiconductor manufacturing industry. According to Oleg Shenderyuk and Fedor Chemashkin, Russia should actively pursue opportunities for cooperation with BRICS member countries in order to strengthen its technological capabilities and exchange technologies in areas where localization is not possible

Fedor Chemashkin, CTO at Yakov and Partners Digital, says that tax deductions lower the barriers for investors, making investments more attractive and increasing startups’ chances of success. At the same time, in order to ensure the maximum effectiveness of this initiative, it is essential to address several related issues: infrastructure development, support for startup businesses, and legal protection for investors

At present, the “traditional” markets of the near abroad (Kazakhstan, Uzbekistan, and Belarus) and the Middle East (primarily the UAE) play the most important role in the export of domestic IT solutions, says Fedor Chemashkin, CTO of YnP Digital. There is a possibility for exporting IT services to Africa, Latin America, and India, but their actual impact has not been significant

According to our forecasts, 2024 will see a start of mass implementation of generative AI solutions in business processes of domestic companies, while first public cases of successful implementation of GenAI-based tools will spur other companies to accelerate their implementation, says Oleg Shenderyuk, a director at Yakov and Partners