As the fastest growing economy, India provides significant challenges across industries and society, which emerge as opportunities that start-ups today identify and fulfil. The variety of use-cases which these opportunities offer help start-ups develop robust solutions iteratively with the option to adapt to any global economy. In an interaction with Poulami Chakraborty of BW SmartCitiesWorld, Avnish Sabhrawal, Managing Director, Accenture Ventures and Open Innovation reveals, how the combining effects of new technologies is causing a major disruption of start-up industry. Excerpts below:
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“We should also expect the mass integration of IoT devices and Machine Learning technologies. At present, the Next Generation Technologies are not making as big impact in the Government to Consumers arena as we are still on the rudimentary stage. However, we should be expecting a great change as more and more players are entering the Indian market in multiple business verticals, and this will promote rapid expansion and up gradation of technologies”, asserted an optimistic Piyush Somani, CEO and CMD ESDS Software Pvt. Ltd. in conversation with Poulami Chakraborty. Excerpts below:
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Indian cities, which presently house 30 percent of country’s population, are expected to welcome around 300 million new urban residents, a size equivalent to the population of United States, by 2050. Taking into account the geographical terrain, rapid expansions and the economic growth; India, unlike the developed countries of the world, is one of the few countries which is a great Greenfield site for developing the futuristic smart cities. While Smart Grid will act as the backbone of the smart cities project, Smart Meters will be the building blocks for the same.
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Digitization is an inevitability in the coming era of computers and smart cities. However, we need to embrace and go along with it, adapting to the different avenues it opens and the luxuries it offers. A crucial step in knowing and disseminating knowledge about the concept is removing misconceptions and getting more people invested in the idea.
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Technology has made it easy for information to literally fly to different parts of the world in no time.
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To completely digitize the economy, it is important to make legal changes in the law books that were made decades ago, when technology was not expected to enter the spheres of life it has.
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In the midst of hospital records being altered and federal systems being cracked into, it is more important than ever to learn to keep your digital footprint safe.
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The gadget in our hand does amazing things and it will not be long until we are able to do great things with it. Let’s go through the amazing things that you will be able to do with your phone:
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