Page 6 - Nasscom

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.

Firms coming forward to understand generative AI guidelines: Nasscom exec

Nasscom V-P speaks about safeguards, data privacy, and regulating the emerging technology

Global capability centres expand operations in India, hiring more IT talent

GCCs are expected to hire around 2.6 million people in India by the end of 2030, according to a report by EY

Nasscom calls Delhi's Motor Vehicle Aggregator Scheme 'unrealistic'

Nasscom has flagged concerns over "unrealistic electrification targets" for EVs in the national capital citing supply constraints, inadequate charging infrastructure and challenges ahead for cab drivers in its submissions on Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme. Nasscom highlighted that only 0.16 per cent of the total vehicle in use in Delhi are currently EVs, as it pointed to the vast difference in electrification targets and current realities. "In its observations, Nasscom raises concerns about the unrealistic electrification targets for EVs in the capital, citing supply constraints, inadequate charging infrastructure, high entry costs and challenges ahead for the cab drivers," the industry body said. The note said the current share of EVs in Delhi is a mere 0.74 per cent, 30.3 per cent and 0.16 per cent for two, three and four-wheeler vehicles, respectively. Nasscom opined that Delhi's electrification targets will negatively impact the mobility of

India, US embarking on a journey of technology-led advancement: Nasscom

IT industry body Nasscom on Friday said that India and US are embarking on a journey to make the decade a remarkable era of technology-led advancement, with strengthening of their bilateral ties. Nasscom said that Indo-US collaboration not only shapes open, secure and resilient world but also paves the way for India to thrive in the ever-evolving digital landscape, driving innovation and transforming industries. The affirmation from US President Joe Biden and Prime Minister Narendra Modi on the significant role of technology in strengthening partnership between both nations is reflective of the importance of tech, as also its significance in bringing about a transformation to the way the world operates, nasscom statement said. "Nasscom appreciates and commends this fostering of an open, accessible, and secure technology ecosystem built on mutual confidence and trust," it said. This collaboration not only shapes a world that is open, prosperous, secure, and resilient but also paves

An inflexion point

IT industry can change fundamentally

Sun Life Financial's GCC to hire 1k people in India, Philippines in 2 years

Hiring comes at a time when GCCs in India expanding. According to the latest Nasscom-Zinnov report, India had 1,580 unique GCCs as of FY23

Vendanta Group to leverage startups' tech under pact with Meity-Nasscom

Conglomerate Vendanta Group plans to leverage technologies developed by startups under a partnership with Meity-Nascomm Centre of Excellence, a joint statement said on Monday. Vendanta Group's corporate innovation, accelerator and ventures programme Vedanta Spark has entered into a collaboration with the Ministry of Electronics & Information Technology (MeitY) and Nasscom's Centre of Excellence (CoE) - IoT & AI, to accelerate the adoption of digital technologies-led innovations. "Vedanta's engagement with Nasscom CoE will enable innovative startups to demonstrate and develop their product in our unique ecosystem. Vedanta Spark looks forward to bringing in accelerated value delivery across our operations with the key goal being to utilize emerging technology to find solutions that will contribute to long-term environmental, social, and economic sustainability," Priya Agarwal Hebbar, Chairperson, Hindustan Zinc Limited, and Non-Executive Director, Vedanta Limited, said in a ...

TMS Ep453: NASSCOM AI regulation, spam calls, markets, cyclones categories

Is Nasscom's attempt at AI regulation enough? Are financial service providers licensed to spam? Will El Nino-related worries trigger a market correction? How are cyclones named and categorised?

Top Headlines: Byju's says lenders faked debt crisis, Tesla in India & more

Business Standard brings you top news at this hour

Nasscom releases normative guidelines on generative artificial intelligence

The document of guidelines says it intends to build stakeholder consensus on the core normative obligations among stakeholders and is not an operational manual or guidebook

India to have 1,900 GCCs, market to be worth $60 bn by 2025: Report

Collaboration and customer-centric business development among factors enabling country's capacity

IT employees union NITES urges Nasscom to act against job frauds

NITES in a letter to NASSCOM sai the increasing number of frauds and scams are targeting thousands of fresher's and experienced employees in the IT sector

Strategic Trade Dialogue: India, US discuss dual-use export controls issue

Dual-use goods can be used for both civilian military applications. Countries often impose export controls on dual-use items as well as military goods over national security concerns

'Demand signal is very high with generative AI', says Anant Maheshwari

'I have been part of the Nasscom executive council (EC) since 2017'

Nasscom appoints Microsoft India President Anant Maheshwari as Chairperson

IT industry's apex trade body Nasscom on Tuesday announced the appointment of Anant Maheshwari, President, Microsoft India as its chairperson for 2023-24

Nasscom appoints Microsoft's Anant Maheshwari as new chairperson

Rajesh Nambiar will be 2023-24 vice chairperson at group that represents India's IT services sector