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India needs different approach to AI; focus on opportunities holds the key: Nasscom president Debjani Ghosh

Economic Times

Economic Times · 1y ago

India needs different approach to AI; focus on opportunities holds the key: Nasscom president Debjani Ghosh

India should adopt a different approach to artificial intelligence (AI) by focusing on the opportunities it presents rather than the risks, according to Debjani Ghosh, president of Nasscom. She believes that India needs to stand out from the fear narrative dominating the West and instead promote the potential of AI to unleash productivity in various sectors. Ghosh highlighted the importance of the startup ecosystem in providing the tools and capabilities for this journey towards a developed India. She also praised the government's recent Rs 10,000-crore investment in the IndiaAI Mission and emphasized the significance of deeptech in India's growth.

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India to focus more on AI applications unlike West: Debjani Ghosh

Economic Times

Economic Times · 1y ago

India to focus more on AI applications unlike West: Debjani Ghosh

India's approach to artificial intelligence (AI) regulation differs from Europe and the US, with a focus on AI applications rather than building large language models, according to Debjani Ghosh, president of IT industry body Nasscom. A committee set up by Prime Minister Narendra Modi has completed a study on regulatory approaches and recommended a different approach that may involve tweaking existing regulations instead of regulating the technology itself. Ghosh also emphasized the need to focus on applied AI, rather than just building AI models, to achieve India's goals in the field.

Excessive focus on regulation will hamper India’s AI potential: Nasscom chief

Economic Times

Economic Times · 1y ago

Excessive focus on regulation will hamper India’s AI potential: Nasscom chief

Nasscom President, Debjani Ghosh, warns that excessive focus on regulation could hinder India's AI potential. She suggests that getting the government distracted with regulation will delay progress. Ghosh emphasizes the need to think about deploying AI at scale, rather than being driven by fear. While acknowledging the importance of a governance framework, she believes that regulations should adapt to the rapidly changing nature of AI and advocates for embracing the regulatory sandbox approach as mainstream regulation.

Cognizant appoints Infosys’ Rajesh Varrier as global head of operations | Mint

Livemint

Livemint · 11m ago

Cognizant appoints Infosys’ Rajesh Varrier as global head of operations | Mint

Cognizant, the IT major, has named Rajesh Varrier as the global head of operations and India Chairman & Managing Director. He will replace Rajesh Nambiar, who will become the president of Nasscom. Cognizant stated that Varrier's responsibilities will include operations, delivery excellence, workforce planning, and expansion. Nambiar's appointment as Nasscom president was announced by the industry body. Nasscom's current president, Debjani Ghosh, expressed confidence in Nambiar's ability to elevate the sector and welcomed him into the role.

Rajesh Nambiar quits as Cognizant’s India head to become Nasscom president | Mint

Livemint

Livemint · 11m ago

Rajesh Nambiar quits as Cognizant’s India head to become Nasscom president | Mint

Rajesh Nambiar has resigned as India chairman and managing director of Cognizant Technology Solutions to become the president of IT industry body Nasscom. Nambiar's successor at Cognizant will be Rajesh Varrier, who will take over as global head of operations from 2 September. The change comes as Cognizant seeks to match industry growth figures, having ended 2023 with revenues of $19.4bn, a YoY drop of 0.4%. Varrier's new responsibilities will include operations, delivery excellence, and workforce planning. Nambiar will replace Debjani Ghosh as Nasscom president from November.

Start-up ecosystem jubilant as India’s G20 Presidency puts them on global map

Business Today

Business Today · 1y ago

Start-up ecosystem jubilant as India’s G20 Presidency puts them on global map

The New Delhi Declaration at the G20 Summit celebrated startups and MSMEs as vital drivers of growth and innovation. NASSCOM President Debjani Ghosh praised India for putting startups and SMEs on the global map and highlighted their significance. The Declaration recognized these entities as natural engines of growth, emphasizing their role in innovation and job creation. A startup task force, including Ghosh, Vijay Shekhar Sharma, and Gopal Srinivasan, presented recommendations for strengthening ecosystems, global alliances, investment commitments, and inclusion for startups. Rajan Anandan, MD of Peak XV and Surge, expressed enthusiasm for this historic inclusion of startups in the G20 Declaration.

NASSCOM onboards Sap Labs India MD Sindhu Gangadharan as Vice Chairperson

IndianStartupNews

IndianStartupNews · 1y ago

NASSCOM onboards Sap Labs India MD Sindhu Gangadharan as Vice Chairperson

The National Association of Software and Service Companies (NASSCOM) has appointed Sindhu Gangadharan, Senior Vice President and Managing Director of SAP Labs India, as its Vice Chairperson. She also holds the position of Chairperson of the Nasscom GCC Council 2023-25. Gangadharan, known for her human-centric approach to technology, will contribute her extensive technology and corporate leadership experience to India's TechAde initiative. She is the first woman to lead SAP Labs India, the largest global R&D center for SAP, overseeing product development and innovation across multiple Indian centers.

Key Focus Areas For Entrepreneurs In 2024 To Create Success

Inc42 · 1y ago

Key Focus Areas For Entrepreneurs In 2024 To Create Success

The year 2024 will bring new challenges and opportunities for entrepreneurs. They will need to adapt to shifts in the global economy, advancements in technology, and changes in consumer preferences. Key areas for entrepreneurs to focus on include adjusting to a different funding environment, prioritizing sustainable growth over rapid expansion, catering to global markets, developing experience-driven products, embracing sustainability and social responsibility, leveraging data and AI, prioritizing employee well-being, adopting a customer-centric approach, focusing on cybersecurity and data privacy, and engaging in strategic networking and collaborations. By addressing these areas, entrepreneurs can position themselves for success in the evolving business landscape of 2024.

New tie-ups in AI, chips, biotech can soften US tariff blow

Economic Times

Economic Times · 4m ago

New tie-ups in AI, chips, biotech can soften US tariff blow

India's technology outsourcing sector, generating over 70% of its $254-billion revenue from North America, aims to offset US reciprocal tariffs by collaborating in AI, semiconductors, and biotech. With a services deficit under $6.5 billion, trade talks will focus on goods, potentially increasing oil and gas imports. The industry foresees growth opportunities from US-India tech partnerships, aided by Nasscom and the 'Mission 500' initiative, targeting $500 billion bilateral trade by 2030, enhancing AI infrastructure cooperation.

‘AI, quantum pivotal to India’s Mission 2047’: Report

Economic Times

Economic Times · 4m ago

‘AI, quantum pivotal to India’s Mission 2047’: Report

A Nasscom and Bain & Company report highlights that advancements in AI, quantum technology, and digital manufacturing are crucial for India to become a developed economy by 2047. Cloud computing and AI will enhance India's IT ecosystem, and developing tech capabilities will transform service delivery. Key sectors include services, electronics, energy, and chemicals. A focus on infrastructure, skill-building, and innovation can position India as a global technology leader, supporting sustainable economic growth and exceeding $23 trillion GDP by 2047.

MSMEs struggle to adopt AI: Nasscom report

YourStory

YourStory · 1y ago

MSMEs struggle to adopt AI: Nasscom report

A recent report by NASSCOM reveals that 72% of micro, small, and medium enterprises (MSMEs) in India are demanding AI training programs for their workforce. The report highlights the challenges and opportunities faced by tech MSMEs in adopting AI. The potential of AI in content creation, marketing, customer engagement, and product development is recognized by over half of the respondents. However, limited awareness, budget constraints, and concerns about data privacy and security hinder AI adoption among MSMEs. The report recommends a focus on MSMEs for increased accessibility and tailored use cases to demonstrate AI's benefits.

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