National Technology Day, observed annually on May 11, marks the momentous occasion of India’s triumphant nuclear tests carried out on May 11th, 1998, in Pokhran, Rajasthan.
This special day pays tribute to the remarkable contributions made by Indian scientists and engineers across diverse technological domains. Since 1999, the Technology Development Board (TDB) has been recognizing exceptional technological advancements that have bolstered the nation’s progress. Educational institutions at all levels, including schools, colleges, and universities, host a range of engaging activities such as events, seminars, and workshops, aiming to inspire and ignite students’ passion for science and technology.
On the occasion of National Technollogy Day, we asked Industry veterans and legends, their thoughts and their vision.
Here are the major highlights:
Kunal Purohit, Chief Digital Services Officer, Tech Mahindra
“National Technology Day is a significant occasion to celebrate the incredible advancements in technology that have transformed the world as we know it. Today, technology is omnipresent and a key facilitator in creating needle-moving outcomes across all industries and governments. The convergence of technologies such as Generative AI, automation, Metaverse, Blockchain, 5G and quantum computing is unlocking new possibilities for businesses and creating a more connected world. It is also enabling significant reduction in the cost of doing business, enhancing revenues through increased differentiation, and ensuring higher customer delight. Tech Mahindra is focused on leveraging next-generation technologies to enable end-to-end digital transformation for global customers and solving complex business challenges.”
Mr. Anku Jain, Managing Director, MediaTek India
“In today’s dynamic era of evolution, technology is driving human progress, and the force behind technological growth comes with innovative ideas. We envision a smarter future in which digital technologies have the potential to revolutionize how everyone does business in an increasingly connected world. New-age disruptive technologies such as AI, IoT, ML, and cloud computing are the key factors in unlocking the true potential of the IT sector in the next decade of India’s growth in technology and will drive new possibilities in digital transformation. Organizations must focus on upskilling and reskilling the employees to develop competencies and unfold tremendous growth opportunities across sectors. At MediaTek, we believe in investing in local Indian talent and scaling capabilities to drive innovation for India and global markets through dedicated technical training sessions, e-learning platforms, and regular opportunities for upskilling.”
Ravi Chhabria, Managing Director, NetApp India
“NetApp recognises the immense potential of technology to drive progress, and the responsibility that comes with it to be environmentally conscious. Cloud serves as a vital resource for companies looking to become net zero and helps organisations achieve their sustainability goals. By adopting cloud-first strategies, investing in renewable energy technologies, and embracing regenerative designs, companies can pave the way for a greener, more sustainable future. Through our various offerings, we are steadfastly committed to continue developing energy-efficient technologies and solutions that allow our customers to significantly reduce their carbon footprint. We have set an ambitious but achievable target of a 50% intensity reduction of Scope 3 Greenhouse Gas emissions by 2030.
Vaibhav Tare, VP & Chief Information Security Officer (CISO) & Global Head – Cloud & Infrastructure Services (CIS) · Fulcrum Digital Inc
In today’s business environment, sustainability has become an important boardroom conversation. To meet sustainability goals, enterprises can prioritize this by leveraging various facets of technology. IoT, big data analytics, and AI can enable businesses to collect and analyse data on environmental factors such as air quality, water usage, and energy consumption, to optimize resource usage.
Further, organizations can lower their carbon emissions by moving their data to the cloud. This strategy can help balance business and sustainability objectives while taking a comprehensive approach to address environmental impact while meeting business needs. On National Technology Day, we at Fulcrum Digital, reaffirm our commitment towards driving innovative technology-powered solutions for a greener environment.”
Manan Dixit, Founder FidyPay – Fintech API Platform
“At FidyPay, we believe that technology is a powerful enabler of financial inclusion and economic growth. By leveraging the latest advancements in digital payments technology, we are able to create new opportunities for individuals, businesses, and entire economies to thrive. Our API empowers businesses to easily integrate digital payments into their existing systems, making transactions more secure, convenient, and efficient. By staying at the forefront of technological innovation, we are not only driving business growth, but also making a positive impact on society by providing access to financial services for those who have been historically underserved. We understand that staying relevant in the digital age means continually adapting to new technologies and user behaviors, which is why we remain committed to advancing our platform and offering our clients the most cutting-edge solutions. At FidyPay, we’re not just a technology company, we’re a partner in driving economic progress and financial empowerment for all.”
Kunal Nagarkatti, CEO, Clover Infotech
“The world has realized the importance of moving to renewable sources of energy. Across all aspects of life from travel to power consumption to industrial usage and smart cities, there is a very strong thrust on adopting ‘green’ technologies. Our government has introduced many favourable policies to ensure that green technologies are embraced by all. At Clover Infotech, we have been using our resources judiciously and have been designing processes to optimize the consumption of electricity, water, paper, etc. We have moved our own financial systems to the cloud in our endeavour to reduce the per-user carbon footprint. We have been accredited with the relevant ISO certifications for our ESG practices. As a responsible corporate, we have been publishing our ESG report to our customers as well. I believe every organization and individual must leverage the power of new-age digital technologies to accelerate India’s mission of attaining carbon neutrality and creating a more sustainable, equitable, and prosperous future for all.”
Girish Hirde, Global Practice Head, InfoVision
The year 2023 is a crucial time for technological advancements, as various breakthroughs are occurring in fields such as IoT, AI, ML, big data analytics, blockchain, and robotics. Due to the rapid pace of technological development, companies need to be nimble and adaptable. Those who fail to keep up risk falling behind while their competitors seize opportunities offered by emerging technologies.
Cutting-edge technologies such as AI/ML, blockchain, data analytics and engineering, IoT and metaverse are transforming industries and societies at an unprecedented scale. These technologies are breaking barriers and revolutionizing business practices, driving innovation, and accelerating digital growth. At InfoVision, we believe technology is a powerful tool that unlocks new opportunities for growth and innovation. Thus, we have developed industry-specific innovative solutions in these technology domains, committed to helping our clients accomplish their vision and maintain competitive edge in their respective industries.
National Technology Day serves as a reminder of technology’s potential to transform our world for the better. As part of this industry, InfoVision is proud to drive innovation and redefine the world by perpetually innovating and assimilating emerging technologies. Our aim is to create a more accessible, equitable, and sustainable world.
Rajiv Bhalla, Managing Director India & Vice President Large Video Wall Experience (APAC)
“In this progressive era of evolution, there’s a significant increase in the demand for technology adoption, disrupting & impacting our lives like we never comprehended. New-age innovations has escalated the significant surge in the use of technologies and digital demands and has played an essential role in our lives more than ever. As a result, the government is also prioritizing digitalization and the adoption of new-age technologies, thus enabling India to emerge as a digital-first nation.
Organizations are focusing on revamping their business digitally & taking initiatives to enable digital transformation. This includes an increased focus on skilling to build digital talent, enhanced investment in technological innovations and R&Ds, hiring young talent, and improving infrastructural facilities with a strong vision to create a digitally enabled India. In all this, Barco foresees acceleration in digitization, adoption of new-age technologies like IoT, cloud-led data, artificial intelligence, machine learning, AI innovation, and seamless connectivity & networking. Going forward, Barco expects automation of processes, focus on tech-based upskilling & reskilling as the major upcoming trends in technology.”
Aalok Kumar, Corporate Officer & Sr VP-Head of Global Smart City Business & President and CEO, NEC Corporation India Pvt. Ltd.
“Today, technology is playing a massive role in making the lives of common citizens more efficient, safe, and inclusive. It is our belief that the next phase of economic growth and development in India must be carefully calibrated and achieved sustainably. This will be marked by more robust infrastructure, strengthened by a digital layer to derive its maximum potential, whether applied to traffic management, city governance, connectivity, airports, or public transportation services. Furthermore, the use of powerful technologies like AI, ML, and Biometrics have already proven their efficacy in empowering governments to govern better, deliver citizen services more equitably and seamlessly, and maintain law and order. Deepening the use of technology will further strengthen governing bodies, and foster a transparent, productive, and safe society. We feel further enthused to see that the government is taking significant steps to strengthen the R&D efforts in the nation with initiatives like the CoEs for AI, conceived to realise the vision of ‘Make AI in India and Make AI Work for India’”.
Poornima Bethmangalkar – General Manager and Head of Industrial & Manufacturing, Happiest Minds Technologies
“The National Technology Day, first celebrated 24 years ago, is yet another reminder of the pivotal role technology has played in India’s evolution towards becoming an economic superpower. As we continue to make progress, we need to clearly prioritize sustainability in a way that goes beyond carbon emission and net-zero goals.
While good policymaking and investments are imperative to progress, technology can be a great enabler in the path towards sustainability. Green energy through solar, wind power and hydropower offer cleaner alternatives to today’s dependence on coal and crude oil. Electric mobility also carries great potential to benefit from changing infrastructure and the provision of smart grids.
Moreover, India’s burgeoning IT services industry has resulted in unprecedented investments in data centers. The need of the hour is to adopt a green approach by exploring underwater data centers, generating electricity through green hydrogen, and using AI more effectively to predict energy consumption.
Dr. Mukesh Gandhi, Founder and CEO, Creative Synergies Group
“India is poised for a digital revolution, but to excel in digital innovation, we need to promote a research-oriented approach to technology. Initiatives focused on establishing centers of excellence to train the youth in emerging tech and incentives for start-ups and new businesses can only work if the knowledge-base aggressively enables the economy to become self-reliant. A research-oriented approach can clearly unleash the untapped potential of EVs and robotics in emerging markets like India.
At Creative Synergies Group, our proven track record in digital engineering innovations with 40+ Fortune 500 companies worldwide enables us to empower large and mid-size businesses in India. On this National Technology Day and beyond, we are committed to supporting brands to define and realize their vision for the digital future. We are very bullish about India’s economic growth projections and look forward to playing a meaningful role in driving innovation.”
Sameer Danave, Senior Director Marketing, MSys Technologies
“From building our own airplanes to creating game-changing tech like AI and blockchain, India has come a long way.
India’s tech game looks bright with all the investment in our tech infrastructure, meticulous research, scientists, and talented workers. The future of technology in India is brighter than ever, with a focus on wild new tech like the Internet of Things (IoT), AR/VR, Computer Vision, and quantum computing. And we’re not just talking about shiny new gadgets – these technologies are solving major herculean problems in healthcare, education, and many other sectors.
The Emerging Technologies Division of MeitY (Ministry of Electronics and Information Technology) leads the charge, working on policy and strategy papers for areas like AI and blockchain. India is also focusing on democratizing technology consumption for mass benefits.
National Technology Day (11th May) inspires and motivates the next generation of tech geniuses to keep pushing the boundaries of what’s possible. India will be the world’s tech leader, and we can’t wait to see it happen!
Behold World, India is coming!”
Mr. Nitish Rai, Co-Founder, and CEO, FreightFox
“Manufacturing logistics is a complex and multi-echelon ecosystem that poses a range of obstacles for companies in freight movement. From fragmented information systems to unpredictable shipping costs, these challenges can make it difficult to operate efficiently and effectively. However, over the years, India has developed an innovation-driven community who are using cutting-edge technology to solve complex challenges in the manufacturing logistics industry. At FreightFox, we are proud to be part of this community that employs state-of-the-art technology to address intricate obstacles in the manufacturing logistics sector.
On this National Technology Day, we are committed to improving the freight ecosystem by providing credible freight market intelligence and granular visibility into routes and expenditures. With our integration and data-driven solution development on top of ULIP (Unified Logistics Interface Platform) developed by NLDSL, FreightFox along with the manufacturing organisations are taking decisive control of their logistics value chains. This enables more informed decisions and a streamlined supply chain. We want to leverage technology in a truly meaningful way to create business value for the manufacturing logistics fraternity and we are dedicated to collaborating with our partners and clients to bring this vision into reality.”
Mr. Krishna Rangasayee, Founder and CEO, SiMa.ai
“Over the years with an abundance of talent and innovation, India has witnessed tremendous growth in the advanced technology sector. However, to date, the industry is burdened with numerous challenges pertaining to high power consumption, complex cooling mechanisms, and latency, which is of utmost importance in applications like automotive, drones, and robotics as they require immediate decision-making capabilities. At SiMa.ai, we understand these challenges and have worked tirelessly to develop a solution that overcomes them. Our AI-based chip startup has developed the industry’s first software-centric purpose-built MLSoC™ platform, which is a game-changer in the field of artificial intelligence.
With our purpose-designed architecture in hardware and software, SiMa.ai has now opened the door to the use of AI in edge devices. We bring down a significant hurdle that used to require hiring a massive army of AI specialists before any company could get started. Our software eliminates this requirement, making “Effortless Machine Learning” possible for all. This MLSoC Platform can be deployed in “any” smart/computer vision application regardless of the image sensor type, resolution, AI model, network or framework, with a “10x” better performance than most other providers and a seamless “push button” software integration for an effortless ML experience in the embedded edge market. By optimizing power and performance, we can enable true disruptor technology for real-life applications, including smart vision, robotics & Industry 4.0, ADAS, healthcare, drones, and smart agriculture to name a few, where quick decision-making is critical.
On this National Technology Day, we are proud to be part of the vibrant and dynamic ecosystem. As we look into the future, we are thrilled about the possibilities of AI and Machine Learning to revolutionize the industry and enhance the quality of our daily lives. By making AI more accessible, we believe that we can help catalyze the growth of the technology sector in India and beyond.”
Mr. Mike Muralidharan, Chief Operating Officer, Bahwan CyberTek
Tailwind opportunities like democratized AI, favourable policies, and a future-ready knowledge capital will support India’s transformation into a powerhouse for innovation. There is incredible interest in emerging technologies like 5G, Metaverse, Blockchain, and Edge Computing and we are watching businesses of all sizes leverage these technologies to create new revenue streams and business models. Indian enterprises are going beyond transactional efficiencies and offering consulting and value-added services. The growth of deep-tech enterprises, programs like Digital India and projects like India Stack, and our successful track record of IT and BPO service exports, will make India the preferred choice for global technology players.”
Mr. Karan Rai, Chief Product and Technology Officer, Ennoventure Inc.
“In an ever-evolving landscape, the technology industry continues to redefine how we live, work, and interact. From artificial intelligence to biotechnology, breakthroughs across diverse sectors are reshaping industries across and propelling humanity forward.
Today, on National Technology Day, Ennoventure proudly celebrates the transformative power of innovation and the limitless possibilities it holds for a brighter future. This day serves as a reminder of the indomitable spirit that drives us to push boundaries and harness the potential of technology to shape the world we live in.
At Ennoventure, we recognize the profound impact of technological advancements on various sectors. Drawing upon our industry insights across sectors such as FMCG, automotive spare parts, and agrochemicals, Ennoventure is empowered to develop cutting-edge solutions that address complex challenges in the counterfeiting industry and further drive growth. Our comprehensive suite of anti-counterfeit solutions revolutionize the way we combat counterfeiting, offering solutions that instill trust, protect consumers, and promote a thriving ecosystem. We aim at paving the way for a future where authenticity and integrity are the cornerstones of every transaction, fostering a marketplace that benefits all stakeholders.
We are committed to fostering innovation, driving digital transformation, and nurturing talent for the next generation. Together, we can harness the power of technology to create a prosperous and sustainable future for all.’’
Mukesh Kumar Bansal- Chief Technology Officer (CTO) of TelioEV- an Electric vehicle (EV) Charging Management Solutions provider Company
“The electric vehicle (EV) industry in India has seen a significant positive change in recent years, thanks to the impact of technology. The progress of EVs in India has been facilitated by technology in various aspects. This includes the development of better battery technology and charging infrastructure, as well as digital mobility solutions. With the aid of advanced software in EV manufacturing and design, more efficient, cost-effective, and eco-friendly EVs have emerged. The development of a robust charging infrastructure is critical to the growth of EVs, and the use of technology such as IoT and cloud computing has made it easier to monitor and manage charging stations remotely. With the rise of the sharing economy, digital mobility solutions have become increasingly popular in India, promoting the use of electric vehicles as a sustainable mode of transportation. The integration of EVs into ride-hailing services has also encouraged the use of electric vehicles as a sustainable mode of transportation. As we celebrate Technology Day, it is crucial to acknowledge the indispensable role that technology plays in the growth of the EV industry in India and the potential it offers in creating a greener, more sustainable future.”
Manav Subodh- Managing Director of 1M1B (One Million for One Billion)
“The present discourse around AI and other immersive technologies like AR/ VR is that it is going to come in and take away jobs. We can flip the script by de-mystifying these new technologies to a broader social-economic audience and empowering them to enter the new virtual jobs economy and reimagine a new future for themselves.
People in tier 2-3 cities even in the hinterlands of India can enter the virtual jobs economy. Virtual jobs and the gig economy are expected to grow exponentially; it is expected that over 1 million new jobs will be created in India in the next 2-3 years in this category. The Animation, Visual effects, Gaming, and Cartoon (AVGC) sector will also be booming in India in the next 5-10 years. We need to make technology skilling and education inclusive and available to a broader segment of our future workforce for them to take advantage. If we act now, not just jobs, this can be the pivotal moment to also bridge the digital divide”
Mr Harshit Mittal, Co-Founder & CTO of SupplyNote
“National Technology Day is a reminder of technology’s immense potential in shaping a sustainable future. At SupplyNote, we are working to reduce food waste in the F&B industry by empowering restaurants with innovative solutions. We aim to create a more sustainable and efficient food supply chain, starting with India and expanding to other geographies. We appreciate the contributions of fellow startups and government initiatives towards fostering a culture of innovation and finding solutions for a better future.”
Mr. Ankit Ruia, Co-founder & CTO at SuperBot
On the occasion of National Technology Day, we at PinnacleWorks are thrilled to celebrate the transformative impact that technology has had on the way we communicate with one another. As the creators of SuperBot, an intelligent, AI-powered voice agent, we recognize the critical role that technology plays in enhancing human experience and driving progress. As we observe National Technology Day, we are proud of our achievements, but we also understand that the journey towards technological excellence is an ongoing one. At PinnacleWorks, we remain committed to pushing the boundaries of what is possible and to always evolve with our customers’ communicating needs, providing them with the most innovative and transformative solutions.
Rahul Pagidipati, CEO, ZebPay
“India has emerged as a leading player in the adoption of emerging technologies, with numerous start-ups and established companies leveraging new-age technologies like blockchain to address challenges and gaps in the system. According to a report by Grand View Research, the global market for blockchain technology, which was valued at $5.92 billion in 2021, is projected to expand at a CAGR of 85.9% from 2022 to 2030. With blockchain, industries in India can develop new solutions to tackle issues such as supply chain inefficiencies and data security while simultaneously creating opportunities for economic growth and financial inclusion.
However, the successful implementation of new technologies requires taking initial steps, including collaboration between the government and industry players. This collaborative effort can create a regulatory environment that fosters innovation and responsible usage of digital assets. At ZebPay, we are committed to supporting this collaboration and providing a secure and transparent platform for our users to trade digital assets. We believe that by working together, we can unlock the full potential of blockchain technology and drive the growth of India’s economy to new heights.”
Mr. Mihir Sanchala, Assistant Vice President Technology, PlayerzPot Media Pvt. Ltd
“The gaming industry has embraced cutting-edge technologies like artificial intelligence, machine learning, and data science to create immersive experiences using AR and VR. Gaming has made significant advancements in recent years, including high-definition displays, better visuals, and gesture control capabilities. The future of online gaming involves the use of NFTs in gaming that will offer new revenue sources for gamers and cryptocurrency investors alike. NFT games have the potential to capitalize on this opportunity and create new income streams.”
Pratik Gauri, Co-Founder & CEO, 5ire
“Although we celebrate the 11th May as the day of the successful Pokhran-II tests, I think of this day as one where we refused to compromise on our strong educational foundation that rendered the advancements India has made in technology. We’re the envy of the world and when it comes to blockchain technology. We are not only implementing this technology, but are a major provider of Web3 talents across the globe.
Although people like Prof. Prasanta Chandra Mahalanobis were considered statisticians, but their thorough skill and education is helping in producing master AI programmers for India, since statistics is a foundational element in AI.
May we continue to invest heavily in blockchain and Web3 education, like the NITI AYOG initiative started by the Indian government that will net us millions of new talent in Web3 and other emerging technologies.”
Navdeep Sharma, Co-Founder, ReelStar
“In recent years, we have seen a surge of emerging technologies that are transforming the world as we know it. Among these technologies, NFTs are playing a major role in revolutionizing the media and entertainment industry. According to VMR (Verified Market Research)’s report, the NFT market could be worth $231 billion worldwide by 2030. This technology has the potential to transform the way we create, distribute, and consume digital content, providing new opportunities for artists, musicians, filmmakers, and other creators to monetize their work and connect with fans in new ways.
In India, the rise of NFTs has already begun to transform the media and entertainment industry. NFTs are enabling new forms of digital art creation and providing ways for fans to support their favorite creators. Young creators can monetize their efforts by selling or trading NFTs, further democratizing access for content creators, content consumers, and enhancers. As India continues to embrace this exciting new frontier, we can look forward to a future where art, culture, and innovation converge in unprecedented ways. New age technologies have the potential to empower creators and transform the industry, creating new opportunities and unlocking new possibilities.”
Mr. Manish Jha, CIO, Addverb
“National Technology Day holds immense significance for us at Addverb. As a technology-driven organization, this day carries a deep meaning for our team. It serves as a reminder of our commitment to innovation and showcases the pivotal role technology plays in our society. Technological advancements have been a catalyst for disruption in businesses across various industries. At Addverb, we recognize this disruption as an opportunity for growth and progress. By embracing emerging technologies such as robotics, automation, and artificial intelligence, we strive to develop solutions that optimize business operations and push the boundaries of what is possible.
In our day-to-day lives, technology has become an inseparable part of our existence. It has transformed the way we communicate, work, and navigate through the world.
National Technology Day serves as a powerful reminder for us to continue pushing the boundaries of innovation. It encourages us to foster a culture of creativity, drive change, and develop technological solutions that positively impact businesses and society as a whole”.
Mr. Vikram Ahuja, MD ANSR, CEO, and Co-Founder of Talent500
“Every company today believes that technology forms the bedrock of their being. Technology, when used to further a corporate strategy, can create compelling differentiation in the marketplace. There is a tectonic shift taking place in corporates big and small across the world – the use of technologies like Automation, Artificial Intelligence and Machine Learning are changing ways of working and our interaction with the world around us as well as our colleagues – it is in this context that digital literacy is a must across the corporate hierarchy. The next few years will see disruption of all businesses due to the emergence of generative AI, which is likely to force companies to recalibrate their strategies.
The ability to use such technologies to enhance efficiency, engage with colleagues and stakeholders and to be constantly seeking out newer and better ways of working will benefit the worker of the future. The changing technology landscape is a continuum, and embracing these technology waves will determine the difference between existence and exhilaration.”
Yeshasvini Ramaswamy, Serial Entrepreneur & CEO, Great Place To Work India
“Technology’s role in building resilient businesses is undeniable, but its impact on decision-making without biases is a complex issue. AI has the potential to identify and reduce human biases, but its unregulated use on a large scale can also amplify them. To leverage AI effectively, it is important to address unconscious bias in current algorithms and have open conversations about equity and inclusion. Indian women, in particular, possess a unique advantage due to the diverse environments they are exposed to during their upbringing. By promoting greater representation of women in technical AI roles, we not only provide inspiring examples for women in technology to aspire to but also challenge negative cultural stereotypes about women and their place in STEM fields.”
Amit Tyagi, CEO, Payworld
As technology continues to shape the world around us, it’s important to recognize the impact it has created on our daily lives. That’s why National Technology Day was established – To celebrate the advancements in technology and the people behind them. In the world of finance, technology has brought about a wave of change that has disrupted traditional banking methods and given rise to a new breed of tech-first organisations like PayWorld.
Fintech organizations like PayWorld are making financial services more accessible to Bharat through assisted transactions and last-mile delivery of Banking Products while keeping technology and innovation at their core. One of the biggest drivers for the organisation is that it is bridging the gap between the haves and the have-nots. In the tier II and tier III segments of the country, people do not have access to traditional banking services, which makes it difficult for them to save money, invest, or access credit. This is where PayWorld comes in – With over a million retail touchpoints, the end customer has to look no further from her neighbourhood to send money to a loved one or buy insurance for her family or access cash instantly or book travel tickets. When we look to the future, it’s clear that PayWorld will continue to play a major role in shaping the world of technology and finance.
Mr. Govind Soni, Co-founder and CTO, CoinSwitch
“On National Technology Day, we are reminded of the transformative power of innovation and its ability to shape our lives meaningfully. Technology at its best is a high-impact growth accelerator. It increases efficiency, creates new possibilities, and makes our world better. In terms of crypto and its underlying blockchain technology, we are already seeing this play out via the ongoing Web3 pivot.
Today, companies and governments are harnessing the power of blockchain to create secure and transparent systems across various industries. Blockchain technology can potentially revolutionise how we conduct business, store data, and even vote. In the coming years, we can expect to see a boom in the real-world utility of this technology and yield its benefits.
Even at CoinSwitch, we are constantly innovating and exploring new ways to leverage technology at large to better serve our customers. As we celebrate National Technology Day, we look forward to the many possibilities the future holds”.
Mr. Kapil Kapoor, Chief Product and Technology officer at CredAble
“Technology continuously drives change, with developments in the Metaverse and generative AI leading the way. These new technologies have enabled businesses to create and improve offerings, enhance productivity, and contribute to the well-being of humanity. The cloud and 5G have boosted computing power and network connectivity, defining the digital era’s scale and speed.
Advanced technologies, such as artificial intelligence, machine learning, cloud computing, and biometrics, are transforming the financial services industry, allowing FinTechs to drive greater efficiency and create more value. By adopting digital operating models, FinTechs can achieve greater agility and precision in risk assessment, overcome implementation hurdles, and build solutions that offer last-mile delivery, fraud detection, and regulatory compliance. FinTech start-ups and financial institutions are investing heavily in technology, particularly in customer onboarding, underwriting, credit scoring, and loan disbursements.
As AI technology advances, business leaders should consider how their models can benefit from decentralised AI capabilities beyond 2023. Along with optimising efficiency, it’s important to establish reliable cloud infrastructure and integrate intelligence into technology stacks.”
Mr. Pranav Bagai, CEO, and Founder, Poker Sports League
“On National Technology Day, we celebrate the transformative power of technology in shaping the online gaming industry, particularly in the realm of online poker. Technology has revolutionized the way we play, bringing the excitement and skill of poker to players across the globe, anytime and anywhere. From advanced platforms and seamless user experiences to sophisticated algorithms ensuring fair play, technology has elevated online poker to new heights.
Through cutting-edge innovations, we have witnessed the convergence of technology and poker, creating a dynamic and immersive gaming experience. AI-powered algorithms have enhanced gameplay, providing players with intelligent insights and analysis. Virtual reality and augmented reality have brought the thrill of live poker to the digital realm, fostering a sense of community and interaction among players.
At Poker Sports League, we are partnering with tech companies to provide our players with a unique and immersive gaming experience. The same has also enabled us to create a more engaging and entertaining poker experience, with innovative features, contests and tournaments. Also, tech-based features have helped us bring the world of poker closer together, and we look forward to continuing to use technology to make poker an even more enjoyable experience for everyone. On this National Technology Day, we celebrate the power of technology to transform industries and improve the lives of people around the world.”
Mr. Ankur Singh, CEO and Founder, Witzeal Technologies
“At Witzeal Technologies, we believe that national technology is fundamental for the growth of our nation and understand its potential for the gaming industry. The emergence of AI, MI, and AR/VR have enabled game developers to craft immersive and engaging gaming experiences leading to a 360-degree growth of the industry thereby generating revenue and employment opportunities in the nation.
By utilizing AI and machine learning, personalised gaming experiences can be provided to players, including tailored gameplay and rewards based on their performances. This has a my created riad of opportunities for the industry, and at Witzeal Technologies, we are leading the way in this technology-driven revolution, looking for new ways to utilise cutting-edge technology to innovate and upgrade the gaming experience.
We are devoted to keeping ethical standards and ensuring the safety of our users, and have been providing a digitally secured platform for our users on our multi-gaming platform, Big Cash. By doing so, we hope to motivate other industry players to pursue responsible gaming and benefit the nation.”
Poorvi Sachar, Head of Operations at Tezos India, a leading blockchain adoption entity
Blockchain as a technology delivers multiple benefits for businesses as it ensures transparency, trust, automation, and easy tracking of information on business networks. Blockchain distributed ledger technology makes it highly convenient for businesses to manage information access to various parties and keep track of documents shared within a system or an office environment. Blockchain reduces the need for physical paper documents and minimizes errors. The adoption of blockchain can significantly reduce overhead costs by eliminating the middlemen to complete transactions.
Blockchain technology has a wide and real-world application in the supply chain, banking sector, healthcare, Government agencies, and Insurance industry. Smart contracts are a unique feature of the blockchain network that ensures automation of business processes making it completely paperless with impeccable security. Blockchain has the potential to transform every industry and make them efficient, environment friendly and create new revenue streams for businesses by eliminating redundant processes.
The world is looking for a solution to the prevailing energy crisis and increasing pressure on Earth’s natural resources. Blockchain seems to be the perfect solution to bring change at the grassroots level for creating a greener and more sustainable planet.
Manan Vora, SVP, Strategy and Business Operations at Liminal, a wallet infrastructure and custody solutions platform
Emerging technologies have already begun to transform the financial industry, and their impact will only increase in the future. Technology will play a critical role in shaping the future of finance and fintech in several ways.
Firstly, emerging technologies such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT) enable financial institutions to improve their efficiency, accuracy, and speed of operations. For example, banks are increasingly using AI-powered chatbots to provide customer service and support, thereby reducing the need for human intervention. Similarly, blockchain technology is being used to facilitate faster and more secure transactions. At the same time, IoT enables banks to collect and analyse real-time data on customer behaviour and preferences, which can be used to provide personalised services. The rise of fintech has already enabled individuals and small businesses to access financial services that were previously out of reach. For example, peer-to-peer lending platforms provide alternative funding sources for small businesses. At the same time, mobile payment systems allow individuals to make transactions and access financial services using just their smartphones.
Emerging technologies are set to play a critical role in the future of finance and fintech, enabling financial institutions to improve their efficiency, expand their reach, and create new revenue streams. As such, financial institutions need to stay abreast of these technological advancements and incorporate them into their business strategies to remain competitive and meet the changing needs of their customers.
Mr. Milind Borgikar, Chief Technology Officer at Ayekart
“National Technology Day serves as a reminder of how technology has the power to impact and transform lives and livelihoods. The agri-value chain is undergoing a significant transformation due to the emergence of cutting-edge technologies like Artificial Intelligence (AI) and Machine Learning (ML). The implementation of these advanced technologies has the potential to effectively tackle crucial issues, including food security, sustainable business practices, and the empowerment of MSMEs, Farmers/ Farmer Producer Organizations (FPOs).
At Ayekart, we remain committed to pushing the limits of technology in order to create a sustainable and efficient ecosystem for our partners. Our vision for the future is one where the agri-value chain is smart, efficient, and sustainable, and we strive towards this goal by developing and implementing new technologies.”
Konica Minolta India – Mr. Katsuhisa Asari, Managing Director
“Today’s businesses function on a huge volume of internal, confidential data, and managing it efficiently and securely is crucial for success. In the information management services industry, we recognise the challenges faced by businesses due to, integration, interoperability, analytics, governance, scalability, data security and user experience. Organisations’ digitised workflow demands customised solutions, physical security monitoring, identifying anomalies in the network traffic, and detecting fraudulent activity. These needs are being met by AI, IoT and ML powered information management systems that secure the organisation’s workflow, while scaling operations across departments that increase employee productivity.This National Technology Day, we are privileged to be catalysts of technological change in this industry and strive forth to identify avenues of growth for maximum efficiency.”
Evera- Nimish Trivedi, CEO, Co-Founder
“Creating technology as a service is rooted in the goals of collective industry innovation and unparalleled customer experience. Driving a commuter from one place to another sustainably is the future of EV cab service technology. Over time, this leverage of sustainability will evolve the country’s current cab booking infrastructure, with fleet economics aligning with the future of electronic vehicles.
Showcasing no reliance on dwindling fossil fuel resources, EV cabs are not just better for the planet but for humans as well. Considering that exposure to heavy metal fumes and carbon emissions increases mortality, it is necessary that the government and the public align to recognise the need for the integration of electronic vehicle infrastructure into daily lives on the grounds of urban planning, public policy, and individual behaviour. Government spending on EV technological infrastructure support will gather healthy public attention, and eventually, we could be breathing cleaner and commuting cleaner.
Evera is more than proud to be at the frontline of this systemic change in the fleet management industry that grows healthier by prioritizing climate adaptation and technological prowess.
Park+ – Hitesh Gupta CTO & Co-Founder
This National Tech Day, India needs to focus on embedding digital first technologies while building smart cities. As our cities get denser and car ownership increases, there will be a need to provide citizens with smart parking solutions which can monitor/track and offer seamless parking experience. Real estate developers, govt institutions and digital first smart parking providers will have to work in tandem to offer solutions which cater to the demand for car parking at various geographical locations and timings. In the Indian context, FASTag enabled parking and smart access control systems an uptick across cities. Smart cities of the future will only be able to succeed if they have smart parking infrastructure.
FreshtoHome- Jayesh Jose, Co-Founder and CTO
“Modern technology plays a crucial role in improving efficiency, enhancing customer experience, and driving sales for an organization. The most popularly adopted technologies across the globe are Artificial Intelligence (AI) and Machine Learning (ML). AI and ML are transforming the way businesses interact with their customers, enabling them to provide more personalized and efficient experiences.Furthermore, through these technologies brands are analyzing vast amounts of data, allowing them to personalize marketing strategies and product recommendations. It also helps retailers optimize supply chain, inventory management, and reduce overall costs.”
Agendra Kumar, Managing Director, Esri India
“Technology has a key role to play in building a resilient and sustainable future for everyone, and advanced spatial technologies are playing a crucial role in demystifying the interconnections and interdependencies for solving complex problems and enhancing decision support through timely intelligence. Leveraging the power of GIS, policymakers, development professionals, and community leaders are integrating social, environmental, and economic information in a way that enables them to gain greater insight into complex situations, make data-driven decisions on where to act and apply resources, and collaborate across organizations and around the world. Geospatial information combined with socio-economic and other statistical data also provides critical inputs for addressing the complex challenges of sustainability for businesses. Data availability and sharing have now become easier in India. With enabling policies like the National Geospatial Policy and the Geospatial Data Guidelines in place, the availability of geospatial data has also improved. In such a scenario, GIS will prove to be a more significant tool in assessment, prioritization, mitigation, planning, change management, and capacity building to address economic inequality, social instability, and environmental degradation challenges.”
