You have made some big decisions regarding Deloitte’s tech investments. In this ‘techade’, as India becomes the innovation capital of the world, would you like to take us through the sectors seeing the highest impact?
Deloitte has been at the forefront of technological innovation, and we are heavily investing in emerging technologies such as Gen AI, 5G, the internet of things, cybersecurity, analytics and augmented/virtual reality across various sectors. To spearhead these, we recently launched a Centre for Innovation and Technology. The centre in Bengaluru features over 100 use cases, demonstrating applications such as 3D printing for rapid prototyping of precision parts and 5G-enabled low-latency communications that drive precision manufacturing across industries. It also highlights the practical benefits of solutions such as intelligent manufacturing, AI-driven content and modern customer experiences.
We also have centres of excellence across Gen AI, ESG, Operate and Space, where we help our Asia Pacific and global clients.
We foresee five key areas being most impacted in this ‘techade’ -- financial services, electronics manufacturing services, semiconductors, industrial products and services and transportation and logistics. These sectors will be crucial in achieving our vision of a $7-trillion economy by 2030 and increasing our share of global merchandise exports from approximately 1.8 per cent to 3 per cent during this period.
You referred to Gen AI a couple of times, and this is a new opportunity for India to focus on AI from a product and service lens. Can you tell us more about the specific AI-driven initiatives you are focusing on?
This story is from the 24 August 2024 edition of BW Businessworld.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the 24 August 2024 edition of BW Businessworld.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders
