New Delhi. In order to make India a major hotspot for technological innovation and development in the next technological age, industry insiders have called for the formation of organizations that will engage in futuristic technologies like Metaverse. Innovation And focus on skill development. Encouraging people to learn, adopt, and understand new technologies will change the culture in organizations, leading to more innovation in new technologies like Web 3.0, Blockchain, and Metaverse.
These experts also underlined that Sass based Opening (Startups) will lead future innovation in AI globally. Data will be the driving force of the future and companies will need to turn to solutions to harness more of this data to make better decisions and generate revenue. Large companies will quickly link up with startups to bring Indian innovation global.
These thoughts were shared by Sanjeev Malhotra, CEO, NASSCOM Center of Excellence for IoT & AI, Jagdish Mitra, Chief Strategy Officer, Tech Mahindra, Senior Director at Compass IDC, and in a webinar hosted by the consulting, research, and services company TechArc Technology Review in partnership with IDC Rushi Bhatt, Head of AI, and Invention Misra, Head of Data Science at Tracfone Wireless. Compass IDC is the offshore development center for US-based real estate technology platform Compass Inc. working on next-generation technologies such as artificial intelligence and machine learning in real estate.
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Many companies working towards digital transformation
Sanjeev Malhotra, CEO, Nasscom Center of Excellence for (IoT) and (AI) said that the startup culture in India has been growing rapidly in recent years. We are adding 10 percent of startups every year and making India the third largest ecosystem in the world. There are a lot of startups here in terms of applications, core research. But we have made a real mark on the cheeky side. Many innovations have been made in affordable health checkups, education, and the environment. There are companies that are working towards digital transformation and this is a very wide area for a company to realize.
India’s IT sector emerges as a flashpoint
Rushi Bhatt, Senior Director and Head of AI at Compass IDC, said that India is ready to shape the next technological era for the world and given the talent in this country, India’s IT and technology sector is a great place to start. innovation and development of state-of-the-art technology. Emerging technology as an important access point. Over the years, India has been associated with low-level processing and outsourcing and a lot of work is being done in the areas of new technologies such as Big Data analytics, artificial intelligence, machine learning, mobility, IoT, Blockchain, etc
Focus on creating opportunities for digital business
Jagdish Mitra, Chief Strategy Officer and Head of Growth at Tech Mahindra, said: “We have a strong skills base that includes talent in software engineering and programming. However, there are a few things we can develop further, as the vast majority of tech-savvy mobile people are focused on creating opportunities for technology-driven products, transformative solutions, and digital businesses.
According to Avishkar Mishra, head of data science at Tracfone Wireless, talented people with the right skills and thinking will be very important in ensuring that the majority of people around the world adopt AI. The biggest challenge with AI is not just advancing AI research, but actually making it practical, creating practical product solutions, and delivering rich experiences for customers.
India’s role in advanced technologies
Faisal Kavusa, founder and chief analyst at TechArc was the facilitator for this program. Kavusa said that India can play a very important role in any innovation in the technological or digital sector in the next decade, as India’s talent and technological resources will be used to develop unique solutions. The role of India will not be limited to just basic jobs but this country will play a major role in advanced technologies like AI, Big Tech etc.
Tags: business news in hindi, global innovation index, industries, IT industry
PUBLISHED FOR THE FIRST TIME : February 26, 2022, 9:41 PM IST