new Delhi. In order to make India a major hotspot for innovation and technology development in the upcoming technology era, industry experts have called for the formation of organizations that are involved 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 startups (Startups) will lead the future innovation in AI globally. Data will be the driving force of the future and companies will need to turn to solutions to harness most of this data to make better decisions and generate income. Large companies will rapidly tie up with startups to take Indian innovation globally.
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 organized by technology analytics, research and consulting services company TechArc in association with IDC Rushi Bhatt, AI chief and Invention Misra, head of data science at Tracfone Wireless. Compass IDC is the overseas development center of Compass Inc., a US-based real estate technology platform that works on new 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 over the last few years. We are adding 10 percent startups every year and making India the third largest ecosystem in the world. There are many startups here in terms of applications, core research. But we have made a real mark on the Sass side. Many innovations have been made in affordable health check-up, education and environment. There are companies here that are working towards digital transformation and this is a very broad area for a company to catch on.
India’s IT sector emerging as hotspot
Rushi Bhatt, Senior Director and Head of AI, Compass IDC said that India is poised to shape the coming technology era for the world and given the talent in this country, India’s IT and Technology sector is a great place for innovation and development of cutting edge technology. Emerging as a major hotspot. Over the years, India has been associated with low-end processing and outsourcing and a large amount of work is being done in the areas of new technology 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 Growth Head, Tech Mahindra said, “We have a strong skill base which includes engineering and software programming talent. However, there are some things we can build on further as the vast majority of tech-savvy mobile people are focused on creating opportunities for products, transformational solutions and technology-driven digital businesses.
According to Avishkar Mishra, Head of Data Science, Tracfone Wireless, talented people with the right skills and thinking are going to be very important to ensure that most people around the world adopt AI. The biggest challenge with AI is not only to advance AI research, but also to actually make it practical, create practical product solutions and provide life-enriching experiences for customers.
India’s Role Playing in Advanced Technologies
Faisal Kavusa, Founder and Chief Analyst of TechArc was the facilitator of this program. Kavusa said that India can play a very important role in any innovation in technology or digital sector in the next decade as India’s technology talent and resources will be used to develop unique solutions. India’s role will not be limited to just basic jobs, but this country will play an important role in advanced technologies like AI, Big Tech etc.
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