Page 6 - Nasscom

Future check for Indian startups: 70% see demand for AI solutions

Startups see investments coming for deep tech, a term used for businesses that develop new offerings based on tangible engineering innovation or scientific discoveries

60% of businesses in India embrace responsible AI practices: Nasscom

Responsible AI refers to the deployment and use of artificial intelligence technology in an ethical and safe manner

Indian businesses gearing up for responsible AI adoption: Nasscom

Nearly 60 per cent of businesses surveyed reported having either matured Responsible AI (RAI) practices and policies or having initiated formal steps towards adoption of such responsible practices, according to a report by industry body Nasscom. About 30 per cent reported having basic awareness of RAI imperatives without a formal strategy or framework, the report said citing the early insights on the state of RAI in India. Based on analysis of the data collected through a survey of over 500 senior executives from across large enterprises, SMEs and startups engaged in the commercial development and/or use of AI (Artificial Intelligence) in India, the report offers a glimpse into the beliefs and perceptions of the tech industry about its key strengths and areas for improvement when it comes to compliance with the benchmarks for RAI adoption. The rising need for RAI among AI users and stakeholders is compelling industry leaders to invest in advanced RAI tools and strategies while ...

Cognizant gears up to advance women in leadership with new programme

In India, nearly 40 per cent of Cognizant's associates are women, compared to the IT industry gender diversity average of 36 per cent

Govt gearing up to launch India AI Programme soon: Rajeev Chandrasekhar

The India AI programme will take the focus of the tech and startup ecosystem on real-life use cases in agriculture, security and governance, said the union minister at the Nasscom Future Forge event

Imaging satellites to AI healthcare: Nasscom recognises India's tech cos

The aim of these deep tech startups is to solve some of the world's most pressing challenges and address critical global issues

ER&D software firms navigate Q2 bends with growth arrows in sight

BCG and Nasscom's signposts point to 8-9% annual growth through 2030, India's share to take express lane

India's share to Global ER&D sourcing to rise to 22% by 2030: Report

Worldwide, ER&D spending is likely to grow at a rate of 8-9 per cent CAGR from 2023 to 2030 due to stability in the market

Digital public infra approach can unlock value in space sector: Report

Digital public infrastructure-led approach for the downstream spacetech segment can unlock immense value and contribute to India emerging as a global leader in the sector, a global consultancy firm said in a report on Tuesday. The report titled Exploring opportunities for Indian downstream spacetech' authored by Deloitte, Nasscom and Indian Space Association (ISpA) said the downstream spacetech sector has the potential to deliver value-added and scalable solutions to domestic and global markets and made a strong pitch for collaboration by the private sector and the government. The report listed out three core satellite applications areas Remote Sensing/Earth Observation; Positioning, Navigation and Timing (PNT); and Satellite Communication (SATCOM) and identified more than 200 use cases. "Digital public goods and digital public infrastructure (DPI) led approach for this segment can unlock immense value. The approach can become value-accretive and bring the dream of ...

The AI dilemma: Is there a right balance between regulation and innovation?

The key to harnessing AI's potential for economic growth lies striking the right balance that ensures that AI continues to drive economic progress while safeguarding against potential risks

Meesho makes platform non-GST inclusive to attract millions of new sellers

This move will potentially unlock 15-20 million sellers in historically under-penetrated states for the company

Annual registration required for IT hardware importers under new system

This policy change comes against the backdrop of proposed import curbs on laptops and IT hardware, slated to take effect from 1 November

Global capability centres go beyond Tier-I cities, chasing cost and talent

India had a total of 1,580 GCCs with a talent base of 1.66 million as of FY23, according to the latest Nasscom-Zinnov report

SAP Labs India's Sindhu Gangadharan appointed as Nasscom vice-chairperson

Earlier this year, Gangadharan was appointed as chairperson of the Nasscom GCC Council for the financial year 2023 to 2025

Nasscom appoints SAP Lab's MD, Sindhu Gangadharan as vice chairperson

Sindhu was appointed as Chairperson of the Nasscom GCC Council 2023-25 earlier this year

Nasscom appoints Cognizant chairman, MD Rajesh Nambiar as new chairperson

Nambiar has previously served as the Vice Chairperson of Nasscom and will succeed Anant Maheshwari, Former President, of Microsoft India as its new chairperson

DeepTech SaaS firms can unlock a CAGR of up to 50%: Nasscom report

The study by industry body Nasscom in collaboration with EY India found that one out of four Indian B2B SaaS companies was focused on new inventions in DeepTech

Nasscom launches Talent Connect portal to bridge job scout-seeker gap

In a first, it will focus on connecting skill-specific talent to employer base

Gen AI's impact on Indian jobs yet to become clear: Nasscom senior exec

Generative Artificial Intelligence is likely to be a tool for augmentation of roles rather than replacement of jobs, although the specific impact on the workforce will become clear overtime, Nasscom Senior Vice President and Chief Strategy Officer Sangeeta Gupta. Her observation comes in the backdrop of several roles in the tech and non-tech industry being impacted by automation, and an industry push for self-regulation and upskilling with companies like HCLTech and Wipro announcing plans to leverage knowledge automation. "How gen AI will impact jobs in India is still very unclear. Because implementation of Gen AI will happen... we believe it's more a tool for augmentation than replacement," Gupta told PTI on the sidelines of the Nasscom Annual Technology Conference 2023. Speaking at the event, Accenture Managing Director Matt Carroll said AI can potentially replace the 40-hour work week, freeing up time for people to chase their interests. Nassom's Gupta said that the DPDP bill ..

Religare ties up with Nasscom CoE to drive tech innovation, biz processes

Religare Enterprises Limited (REL) and Nasscom Centre for Excellence (CoE) IoT have entered into a strategic partnership to strengthen business processes and solution landscape. The tie-up will help infusion of cutting-edge technology and innovation. It will also enhance customer experience and drive operational efficiencies and data security while creating long-term value within the sector. Nasscom CoE's expertise in co-creation and vast network of startups and SMEs specialising in emerging technologies, such as AI, ML, AR/VR, Robotics, Blockchain, Drones and IoT will present Religare Group the access to relevant innovators and their technology, the company said in a statement. The group will continue to explore potential business collaborations tailored to the company's specific needs and seize possible opportunities to benefit the enterprise and BFSI sector, it added.