While we have become an IT services/ consultancy power, we still lack in W innovation. What more can the industry and government do to ensure innovation and more Make in India products to be created?
I won't entirely agree with the statement that we 'lack in innovation". Within IT services itself, the Global Delivery Model and accompanying innovations in scaling talent has been a game changer. Our IT services companies are doing a lot of innovation for clients. Our startup ecosystem is evolving from largely me-too businesses to several that are working on innovative ideas or applying new technologies like LLMs in innovative ways. Things like India Stack didn't come out of thin air; it was developed by people from the same IT ecosystem. But it's fair to say that there is lots of headroom to improve. For instance, it should be very concerning to us that when it comes to Foundation Models, no Indian company is in the game making us reliant on a few US firms. There is much that can be done by government, private sector and society at large. These are not new ideas. They simply need to be done.
1. Our education system is obsolete. It trains people to do things that machines can do better. We need to foster curiosity, critical thinking, problem solving, creativity. Beyond that our primary and secondary system is failing to produce a literate and numerate workforce which is detailed in the ASER reports.
2. Indian firms including stars like Infosys and TCS underinvest in R&D and this needs to be ramped up. The industry has to evolve faster from renting IQ to creating more IP.
3. There needs to be much better collaboration between companies and academia; this is improving in a couple of our elite IITs but we need to see much more.
4. We have to celebrate and recognize innovators and innovations, not just commercial success, so that more people are inspired to innovate.
This story is from the May 2023 edition of DataQuest.
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 May 2023 edition of DataQuest.
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
Rewriting Insurance with Data and Foresight: Lessons from Pramerica's CTO
As insurance companies pivot from operational reliance on technology to embedding it as a core strategy, Pramerica Life Insurance leads by example. CTO Sunil Jain discusses how innovations in AI, cloud platforms, and data frameworks are not only solving current challenges but shaping the future of the industry.
Is AI on Batman's side or on Joker's side?
Also, spoiler alert. Your body-guard is not your body double. Leave the couch. In an age where Cyber-insurers also look at security maturity before they undertake new enterprises, where security fatigue is a bitter reality, where the grey-matter of LLMs can easily be conned by benign chatter, and where AI is turning as much into a Robin as into a Harley Quinn - and with equal speed and probability - whose side is AI on? Philippa Cogswell, Managing Partner, Unit 42, Asia Pacific & Japan, Palo Alto Networks helps us unravel these complex plot lines.
Counting on Quantum - A quick peek inside India's Refrigerator
The menu of tomorrow's IT courses would be completely changed by what's currently being marinated in quantum computing trays. From cryptography to heavy simulations to huge AI workloads to Cloud. Let’s open the doors of this cold, but busy, kitchen area for a minute to get a sense of what Indian ice-boxes are up to.
Digital Twins: The Blueprint Becomes the Blue-eyed Boy
Ever wondered why people in offices are seen more around the photocopier or printer rather than their computers?
The Cloud Advantage: Infor's CloudFueled Growth in Asia-Pacific
Senior VP Terry Smagh highlights Infor’s growth, cloud adoption, and AIdriven operations. With major investments in India, including an R&D hub and upcoming data center, Infor leads in innovation, efficiency, and sustainability.
How Onix is Making AI Accessible to All Business Teams
Niraj Kumar, CTO of Onix, shares his extensive experience in IT and cloud technology to explore how the convergence of data, cloud infrastructure, and AIL is driving digital transformation. He discusses the critical role of data context, ethical practices, and security in ensuring that AI delivers its full potential across all levels of an organization.
Arka Fincap Redefining Finance Through Technology
Arka Fincap has embraced technology to streamline its operations and enhance customer experiences. By utilizing tools such as low-code platforms, automation, and cloud infrastructure, the company has significantly reduced processing times and operational costs. This approach has enabled efficient loan processing, seamless fintech integrations, and data-driven decision-making. Arka's journey highlights the role of technology in modernizing financial services while balancing scalability, compliance, and customer-centricity.
AWS is assuring that the AI that's being built is reliable, responsible and trustworthy
At AWS re:Invent 2024, Las Vegas Dr. Angela Shippy, Senior Physician Executive at AWS, discusses how technology is reshaping healthcare-from generative AI to predictive analytics and secure cloud solutions.
AI in Multiplexes, the 'cold open' scene is here
Would AI remove all the walls in, and around, Cinema; or would it create very personalized boxes for every viewer? Here's a peek. No Spoilers here. But some Stingers for sure.
e-Red Tape, virtual CAs and wait-and-watch hoops - a look at India's digital Selfie
Bertram D’Souza, Chief Product Innovation Officer, Protean eGov Technologies Ltd. helps us to unpack how India’s digital stacks, digital goods, fast interfaces, real-time financial lanes and tech-driven tax administration shine and where they do/can falter if we ignore some tough, but practical, questions.
