INNOVATION

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• The power of silence for CIOs

  Among the plethora of skills and strategies that a CIO must employ, one often undervalued tool stands out: silence.

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• AI Spotlight: AI is not just about replicating human tasks, says Shailesh Kumar, JIO

  The interpretation of AI transcends mere automation, offering a paradigm shift in decision-making processes. ​​In an exclusive interaction with ETCIO, Shailesh Kumar, Chief Data Scientist at the Centre of Excellence in AI/ML, Reliance Jio, sheds light on the transformative power of AI.

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• India Inc heavyweights look to AI to drive innovation and efficiency

  CEOs, CXOs in India prioritize upskilling in GenAI for business transformation. Insead and upGrad witness surge in professionals seeking AI expertise. Companies like Tata Consumer and Raymond integrate AI for business innovation and customer interactions.

  

• Innovation, sustainability to fuel transformative phase: Accel’s Prashanth Prakash

  India’s manufacturing sector is poised to undergo a seismic shift, redefining paradigms as it aims to become a $300-billion sector. As Indians gain confidence in our infrastructure, ability to serve, we anticipate increased investment in the form of Manufacturing as a Service (MaaS). A tech-driven platform overlaid on fully integrated vertical manufacturing value chains, MaaS can extend and expand the South (Southeast Asia, GCC) using disaggregated supply chains, with tech.

  

• 'Indian minds to play big part in future of tech'

  India is no longer just a back office for the world, but a key player in shaping the future of technology, according to Union Minister Rajeev Chandrasekhar. He highlighted the confidence that global investors, consumers, and enterprises have in Indian entrepreneurs, spanning various sectors of the digital economy. While there has been a slowdown in investments, Union Minister Piyush Goyal sees it as an opportunity for startups to mature.

  

• Future of digital payments: Innovations and trends fintech

  It is a tale of unending innovation, increasing convenience and aiding commerce. Speaking from an Indian context, it would be surprising for a lot of people to hear that it was not too long back that we lagged the rest of the world in terms of payment innovation – Indian infrastructure – be it on cheque clearing or merchant POS, clearly was far fromworld-beating and for valid reasons.

  

• Anaptyss announces global capability hub, innovation centre in Gurugram

  According to Anuj Khurana, co-founder and CEO, Anaptyss, the new capability hub is part of the company's strategic expansion that will help it drive scalability and deliver distinctive solutions powered by domain-native talent, operational expertise, and digital intellect.

  

• Tech, innovation-led hirings set to rise: Study

  The report is based on inputs from 96 companies, which have a GCC and employ 57,500 professionals across sectors that were either established last year or expanded operations. The study further revealed that the demand for software engineers has particularly gone up at the GCCs in the past year.

  

• MeitY to hold consultation with industry on data law this week

  Big Tech companies are likely to get less time than startups, MSMEs (micro, small and medium enterprises), government departments and other state governments to implement the rules around the DPDPA, the official had said. The government is also ready with a broad draft of the 21 rules under DPDPA, the official had said, adding that the government would now begin consultation on these rules.

  

• Banking on data: Kotak Mahindra's Deepak Sharma on financial innovation

  As financial institutions embark on this data-led journey, they stand at the threshold of a new era—a future where innovation and data-driven decision-making will carve the path for the financial world's evolution.

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• Andhra Pradesh to soon roll out CoEs in advanced tech

  Andhra Pradesh Innovation Society (APIS), the nodal agency for the startup ecosystem in the state, is planning to set up several centres of excellence in various niche technologies. A top tech company has agreed to work as a knowledge partner.