Not just Innovation but Innovation at Scale: The India Promise
First, let’s take a quick look at some of the latest developments in the Indian Tech Industry.
- Panasonic has recently launched its Miraie Profactory platform, an Industrial IoT/ Smart Factory solution for the Indian Manufacturing sector. Developed indigenously at the company’s India Innovation Centre, the platform uses new-age technologies such as Cloud, IoT, analytics, mobile app to name a few, to manage end-to-end operations for enhanced production efficiency, quality, identifying issues, and reduced downtime, thereby creating economies of scale.
- IIT Delhi and IIIT Delhi have signed an MoU to set up India’s first medical robotics center, a technology-enabled medical simulation, and training facility for the young resident doctors besides acting as a validation center for the research outcomes in the area of healthcare robotics and digital health.
- Intel’s Unnati Program which aims to advance emerging technology skills in India has started off with 100 Intel Unnati Data-Centric Labs across key universities and engineering institutes over the next one year.
All these developments point in one direction — India’s seriousness in fulfilling its goal of becoming a $1 trillion digital economy by 2025. Standing at the cusp of rapid digitalization, India is not only working on technological innovation but also on democratizing that technology for a robust socio-economic development for all.
Think about India Stack, an ambitious project of creating a unified software platform to bring India’s population into the digital age. It allows governments, businesses, startups, and developers to utilize a unique digital infrastructure to solve India’s hard problems towards presence-less, paperless, and cashless service delivery. The evolution of India Stack-from solving the problem of identification with Aadhar to the continual addition of interoperable modules for transactions, banking, bill payments, and relief delivery via DBT-demonstrates its value in democratizing access to digital platforms.
Consider the Jal Jeevan Mission. Clean drinking water for all as a mission would literally have been a pipe dream a few years back. Today with the use of technology like IoT, India is making this a reality. If this goal is achieved on schedule, it will change millions of lives in a single swoop — from better health and hygiene to better economic prospects — clean water will have a far-reaching impact than just quenching thirst.
Another case in point from the corporate world is Micron India, where innovation is one of the key company values. In the words of Gurtej Sandhu from Micron, “Innovation is not only about patents at Micron but also the notion of using our creativity to solve all kinds of problems, technical and non-technical. Innovation is way bigger than inventions and patents. It is a mindset. It is the way we approach our daily jobs and handle everyday challenges.”
India’s tech USP does not lie in innovation alone but in innovation at a scale that is unparalleled at a global level. An internet user base of 795 million and growing, home to over 55K startups and with an ever-expanding investor pool, both B2B and B2C sectors such as banking, retail, healthcare, agriculture, logistics, social welfare policies, entertainment are all seeing major overhauls leading to innovation and more allied opportunities across these sectors.
The India tech growth story is just beginning to get scripted. Are you game to be part of it?
Originally published at https://globaltalex.com.
