Digital Innovation

US, Japan and, South Korea join hands to support digital infra in India

The United States, Japan and S Korea on Friday announced the launch of a new framework that furthers their collaboration with the Indian private sector to support digital infrastructure in India. An announcement in this regard was made by the US International Development Finance Corporation, the Japan Bank for International Cooperation (JBIC), and the Export-Import Bank of Korea (Korea Eximbank). DFC CEO Scott Nathan, JBIC Governor Nobumitsu Hayashi, and Korea Eximbank Chairman and CEO Hee-sung Yoon signed the Digital Infrastructure Growth Initiative for India Framework (DiGi Framework) to support projects in the information and communications technology sector such as 5G, Open RAN, submarine cables, optical fiber networks, telecom towers, data centres, smart city, e-commerce, AI, and quantum technology, a media release said. The DiGi Framework creates a streamlined process where DFC, JBIC, and Korea Eximbank, in partnership with the Indian private sector, can provide support to mee

India melting pot of innovation, scale and execution: SAP India head

India is among the fastest-growing markets for SAP globally and Europe's largest software maker is upbeat about the demand pick-up from small and medium businesses that are keen on adopting technology and AI for driving scale and efficiency needs. The German firm - whose software is used by some of the largest and well-known companies across the globe to streamline business processes from inventory management to supply chains - is scripting a "phenomenal story" in India, Manish Prasad, President and MD of SAP Indian Subcontinent told PTI in an interview, describing the market as a "melting pot of innovation, scale and execution". The Indian market is growing at a faster rate than expected, Prasad said adding small and medium businesses (SMBs), which are an important cog in that, are prioritising AI in a big way. A tech veteran and seasoned business leader, Prasad is leading the charge on SAP's growth and innovation strategies in the Indian subcontinent. "We are extremely bullish ab

India's kirana stores turn to eb2b innovation, udaan leads market growth

Udaan is revolutionising how kirana stores operate by offering digital solutions that streamline procurement, boost efficiency, and facilitate access to formal credit

Google partners with Tamil Nadu to boost AI ecosystem, tech upskilling

Collaboration to boost AI startups, workforce skills, and MSME tech adoption

TCS launches Pace Studio in Philippines to drive digital innovation

TCS Pace Studio in Manila, the fifth of its kind globally, is part of an extensive innovation ecosystem of TCS Pace spanning major global cities

SAP Labs India to house two global AI roles; to drive global innovation

These strategic appointments include Rahul Lodhe as the Global Head of Engineering for SAP Business AI Copilot Joule and Sudhakar Singh as the Chief AI Security Officer

Industry pins hope on support for deep-tech, digital, AI from new govt

With AI and new-age technologies set to drive transformation agenda across sectors, the new government would need to steer ahead with unwavering focus on tech and digital innovation to sustain robust growth and to realise ambitions of a 'Viksit Bharat' by 2047, experts say. Analysts believe that Centre will continue to build on its storied success around electronics and semiconductor manufacturing, as well as digital public infrastructure while according high-priority to AI, and deep-tech domains, notwithstanding a weaker mandate for the BJP-led NDA. Given past impetus on technology-led development, the momentum on digital payments, tech-based startups, entrepreneurship and innovation could continue, despite the likely return of coalition politics. As such, India's tech achievements have scaled new highs, be it digital public goods, or fintech, AI or drones for various use cases. India Electronics and Semiconductor Association (IESA) President Ashok Chandak said that over the past

Massive fan of digital infrastructure India has built: Adobe CEO Narayen

Adobe CEO Shantanu Narayen on Friday said he is a "massive fan" of digital infrastructure that India has created. Narayen lauded India for its infrastructure, skills, technology, innovation and entrepreneurship. "I am a massive fan of digital infrastructure that India has built...it is infrastructure, it is skills, technology, innovation and entrepreneurship," Narayen told PTI. He was speaking on the sidelines of B20 Summit India 2023, which has seen global CEOs and corporate honchos converging in the capital for one of the biggest business gatherings this year. The Business 20 (B20) is the official G20 dialogue forum with the global business community. Earlier, while speaking at a session on 'AI for Business and Societies: Opportunities and Regulations', Narayen said that with 46 per cent of worldwide digital payments, a billion people with Aadhaar cards and 850 million smartphone and internet users, India presents a massive opportunity to be at the forefront of Artificial ...

India poised to be at forefront of digital innovation: US Ambassador

India with its vast population, thriving digital economy and technology use is poised to leverage transformative power of 5G, and in future 6G, to catapult itself to the forefront of digital innovation, US Ambassador to India Eric Garcetti said on Tuesday. Terming trust an "absolute necessity" when it comes to 5G, Garcetti said India and the US are committed to collaborating towards this. India with its G20 presidency this year cannot only drive deployment of trusted solutions and architecture among developing nations but, in the developed world too, become a vital part of supply chain to derisk the world. Speaking at inaugural ceremony of US-India 5G and next generation networks workshop, Garcetti said the two nations through their shared values recognise that technology is not only about faster speeds or better connectivity, but also a gateway to progress, and reflection of development. "India, with its vast population, its thriving digital economy, the use of technology that in .

Int'l Women's Day: UN calls for innovation, technology for gender equality

UN has chosen the theme 'DigitALL: Innovation and technology for gender equality' for Women's Day 2023 to examine the impact of the digital gender gap on widening economic and social inequality

Women's Day: Achieve access for women to digital innovations, says WHO

On International Women's Day, WHO is calling for action in the South-East Asia Region and across the world to ensure every woman and girl, everywhere has timely and equitable access to innovations

Samsung working on 'Lifelike Pixels' technology for OLED screens: Report

Samsung is reportedly working on a new technology, Lifelike Pixels, for its OLED screens

India's new competition law may dampen digital innovation: Big Tech

Meta, Amazon, Twitter, Google and other Big Tech companies have raised questions on the digital competition law recommended by the Parliamentary Standing Committee on Finance

Expect bold changes in the year 2023

India is making rapid strides in the area of digital banking, meeting the expectations of a digitally agile customer base in the information age

Union Minister Ashwini Vaishnaw unveils digital innovation alliance for G20

The minister also launched "stay safe online" campaign, with the aim of digitally transforming the global economy in a secure cyber environment

Cognizant to power Garuda Aerospace's drones with advanced digital tools

IT major Cognizant on Thursday announced that it has signed a memorandum of understanding (MoU) with Garuda Aerospace, a homegrown drone startup, to power its drones with advanced digital tools

Text-to-image AI: Powerful, easy-to-use technology for making art and fakes

Seemingly bound by only your imagination, this latest trend in synthetic media has delighted many, inspired others and struck fear in some

Infosys partners Madison Square Garden Sports Corp, MSG Entertainment

Infosys will be the Official Digital Innovation Partner of key MSG properties, a statement said.

India's digital infra invites global interest: Infosys's Nandan Nilekani

Open digital ecosystems will unlock opportunities worth $700 billion for India by 2030, across sectors like healthcare, agriculture, MSME education, urban governance, as per a report by ONI and BCG

Single-window clearance mechanism for foreign investors hits a bump

Manpower crunch because of Covid, only 8 states put in place the requisite infra