International management consultancy firm AT Kearney's managing director C Srinivasan said in the first presentation at the retreat that India has the potential to become a power house of the digital economy but only companies that reposition themselves as providers of high value added services stand to gain from the knowledge revolution. He said Indian information technology industry needs to move ahead from its current core functional areas of programming, Y2K solutions, Euro solutions and IT-enabled services to e-commerce, e-retail, e-services, data warehousing/data mining, knowledge networks, enterprise wide resources planning and implementationand product development. India still has a long way to go in making its presence felt in the global knowledge based industries market.