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Innovation

06 April, 2020, 08:14 AM IST

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INNOVATION

View: Why Indians do not innovate

Restricting knowledge to the family had its negative fall outs. For example, the architectural ‘true arch’ was known in Mauryan times, and the ‘jal-yantra’ (water wheel for irrigating fields) was known in Gupta times, however it did not spread throughout India.

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  • Global consulting and services firm Nihilent acquired the cross-disciplinary innovations agency, Hypercollective. Nihilent’s technology stacks, used for a deeper understanding of customers, aims to get amplified with Hypercollective’s creative capabilities to bridge the gap between technology, digital, spatial, and creative.

    The survey, with data from more than 8,300 organisations across 20 countries and 885 CEOs, analysed the adoption of both mature and emerging tech – such as (AI), cloud, blockchain, and extended reality. It found that just 10% of companies are making optimal tech investment and adoption decisions and realising the full value of those investments.

    “Few key players from industry are in constant touch with C-CAMP to support COVID-19 Innovations. CIDA is a step in that direction to help with immediate deployment of solutions wherever we can,” Dr Taslimarif Saiyed, C-CAMP CEO and Director

    The mood in 2020 is bamboo everything – from baskets to flooring and more, this sustainable material is popping up everywhere.

    The Action Covid Team (ACT) Grants, which is possibly a first-of-its-kind initiative globally, has already received about 40% of its target corpus, with some of the country’s top entrepreneurs also coming on board to not only provide capital, but also identify ventures that may be still at an ideation stage.

    "As India pushes ahead with digitalization efforts, we see increasing opportunities in health-tech, rural-tech, ecommerce and smart city development,” said Peter Ong Boon Kwee, the chairman of Enterprise Singapore, which promotes Singapore companies globally.

    At the Commonwealth Heads of Government Meeting (CHOGM) in London in 2018, India had said it would double its contribution to the Commonwealth Fund for Technical Cooperation (CFTC), from GBP 1 million to GBP 2 million.

    The Nano Lab will showcase the latest breakthroughs in applied research from Accenture Labs worldwide, featuring uses for advanced technologies such as artificial intelligence, extended reality and quantum computing. It will allow clients to connect with researchers in Accenture Labs globally through immersive sessions and workshops.

    Product innovation is relatively easier because it concerns only a few employees in the company. Simply put, it refers to a change in an existing product, in terms of physical appearance or performance. So, it could be an additional camera on a phone or a revamped dashboard in an automobile.

    The Challenge has already received more than 7,000 entries and has ideas ranging from Artificial Intelligence (AI) solutions for contact tracing of suspect positive cases to solutions on how to build low-cost ventilators. The govt has also made scores of data sets public for researchers, who can use them while coming up with solutions.

    An unprecedented business crisis looms. And no one can see light at the end of the tunnel. “The world is staring down the barrel of a recession,” says Biocon’s Kiran Mazumdar-Shaw.

    India holds the distinction of being the most innovative country in central and southern Asia and lies among the global leaders in some of the key parameters like graduates in science and engineering, the quality of universities, ICT exports, and gross capital formation. India has also made improvements in the overall intellectual property environment.

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