Latest news with #IndiaGlobalInnovationConnect
Hans India
5 days ago
- Business
- Hans India
Momentum right for India to accelerate its innovation trajectory powered by AI and Deep Tech: IGIC 2025
Bengaluru: Global Industry experts outlined AI, deep tech, clean tech, structural and process reforms as pillars of Innovation in Viksit Bharat at the 4th edition of India Global Innovation Connect (IGIC) in Bengaluru. The two-day Summit will bring together a powerful global assembly of technology leaders, policymakers, startup founders, investors and academicians to explore the theme "Innovation in the Age of AI: Business, Society and Governance." Entrepreneurs from India, US, Japan, Korea, Germany, Singapore, Israel, Switzerland, France, the UAE and other nations engaged in technology and business interactions on the inaugural day of the Summit. The opening day of the two-day event focused on the transformative role of key sectors in reshaping industries and societal frameworks, with a series of keynotes, dialogues, fireside chats and brainstorming sessions exploring India's positioning as a global innovation powerhouse. The day further witnessed key global industry leaders from Indian and global startup founders, VCs and investors, corporate and government leaders, technology and public policy experts under one common platform. The leaders and industry experts engaged with attendees on a range of topics, including AI and deep tech as the new frontier of innovation, invisible reforms toward 'Developed India' (Viksit Bharat), new developments in fintech, shaping AI for society and society for AI, what next in Aerospace, the coming blood revolution, AI-driven learning revolution innovation dynamics between startups and established corporations, etc. Claude Smadja, Chairman Smadja & Smadja Strategic Advisory said, 'India today stands at a pivotal inflection point, both in its domestic evolution and its global positioning. As we navigate an era marked by transformative shifts in AI and deep tech, the momentum is right for India to accelerate its innovation trajectory. Despite the challenges that major global powers are facing, India is uniquely placed to emerge as a global hub for technological advancement, particularly in the domain of data and big data, where it holds a distinct advantage.' Mohandas Pai, Chairman, Aarin Capital said, " As we prepare for the age of quantum computing and grapple with the reality of machines performing most of the human tasks, we must rethink how we educate the next generation and how we build networks, not just of nations, but of people and cities across the world, to ensure that innovation benefits everyone. And there is no better place to lead this future than Bengaluru."
Time of India
5 days ago
- Business
- Time of India
India at AI inflection point: Global experts back nation's rise as deep tech leader
NEW DELHI: India is uniquely positioned to become a global leader in artificial intelligence (AI) and deep tech, thanks to the vast volumes of digital data being generated domestically, said Claude Smadja, former Managing Director of the World Economic Forum (WEF). Tired of too many ads? go ad free now Speaking at the India Global Innovation Connect (IGIC) 2025 in Bengaluru, Smadja emphasized India's data advantage and its strategic position in the global tech landscape. 'India today stands at a pivotal inflection point—both in its domestic transformation and its global positioning. As we enter an era defined by AI and deep tech, the time is ripe for India to fast-track innovation. Amid challenges faced by major global economies, India has the right momentum and resources to emerge as a global hub for technological breakthroughs, particularly in data and big data,' he said. Sanjeev Sanyal, member of the Economic Advisory Council to the Prime Minister, emphasized that structural reforms alone are not enough to achieve the aspirations of Viksit Bharat . 'We need to go deeper and embrace process reforms. They are essential for improving efficiency, reducing system-level friction, and delivering measurable impact across both government and business operations,' he noted. Adding to the discussion, Mohandas Pai, Chairman of Aarin Capital, highlighted the need to rethink education models to prepare for a quantum-driven future. 'Governments must urgently reconsider how we educate the next generation, especially as quantum computing and AI begin to handle tasks traditionally performed by humans,' Pai said. Vic Bhagat, Senior Vice President and Global Advisor at IT infrastructure services giant Kyndryl, pointed to the transformative potential of AI in enterprise technology. 'AI's power lies in its seamless integration with enterprise systems. The synergy between scale and speed will be the new competitive edge. Enterprises that harness AI effectively will unlock new levels of productivity and long-term growth,' he said.
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Business Standard
6 days ago
- Business
- Business Standard
India's big data edge to power next global tech leap: ex-WEF MD Smadja
India's unique superiority in data and big data has placed it at an inflection point, ready to accelerate technological innovation and potentially deliver the world's next big surprise, according to former World Economic Forum (WEF) MD Claude Smadja. With an unparalleled capacity for data collection and utilisation, India is poised to become a global leader in AI and deep tech fields that fundamentally rely on access to massive datasets, Smadja said. "India is at an inflection point. India is, at the moment, in its domestic evolution, and in the global context, where it has to give a big push to accelerate the momentum for technological innovation. The next big surprise could come from India in the domain of data and big data because India has a unique superiority advantage in terms of data collection and data potential leveraging," Smadja said at IGIC 2025 here. Smadja, Chairman of Smadja & Smadja Strategic Advisory, contrasted India with major world economies, stating that the US is losing momentum and having its prominence eroded in every single aspect. At the same time, he noted, China has overcome its structural challenges to become more powerful. Against this backdrop, Smadja asserted that India's moment has arrived. Drawing on his 53 years of engagement with India, Smadja described the country's journey as a "roller coaster" of hope and setbacks, often derailed from economic growth by distractions. Now, he said, India must seize this critical juncture to accelerate its technological innovation and catch up with global leaders. It (India) has to accelerate the momentum for the technology catching up process because it is the right time, the right global conditions to try to assert leadership ambitions in some technological domain, to assert its role and place as the new global hub for technology innovation and entrepreneurship, Smadja said. The 4th edition of India Global Innovation Connect (IGIC), being held in Bengaluru on June 4-5, 2025, will see a lineup of global industry leaders from the US, Japan, Korea, Germany, Singapore, Israel, Switzerland, France, and the UAE, among other countries. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Mint
6 days ago
- Business
- Mint
India's big data superiority to drive next global tech breakthrough: Former WEF MD Claude Smadja
Bengaluru, Jun 4(PTI) India's unique superiority in data and big data has placed it at an inflection point, ready to accelerate technological innovation and potentially deliver the world's next big surprise, according to former World Economic Forum (WEF) MD Claude Smadja. With an unparalleled capacity for data collection and utilisation, India is poised to become a global leader in AI and deep tech fields that fundamentally rely on access to massive datasets, Smadja said. "India is at an inflection point. India is, at the moment, in its domestic evolution, and in the global context, where it has to give a big push to accelerate the momentum for technological innovation. The next big surprise could come from India in the domain of data and big data because India has a unique superiority advantage in terms of data collection and data potential leveraging," Smadja said at IGIC 2025 here. Smadja, Chairman of Smadja & Smadja Strategic Advisory, contrasted India with major world economies, stating that the US is 'losing momentum' and 'having its prominence eroded' in every single aspect. At the same time, he noted, China has overcome its structural challenges to become more powerful. Against this backdrop, Smadja asserted that India's moment has arrived. Drawing on his 53 years of engagement with India, Smadja described the country's journey as a "roller coaster" of hope and setbacks, often derailed from economic growth by distractions. Now, he said, India must seize this critical juncture to accelerate its technological innovation and catch up with global leaders. 'It (India) has to accelerate the momentum for the technology catching up process because it is the right time, the right global conditions to try to assert leadership ambitions in some technological domain, to assert its role and place as the new global hub for technology innovation and entrepreneurship,' Smadja said. The 4th edition of India Global Innovation Connect (IGIC), being held in Bengaluru on June 4-5, 2025, will see a lineup of global industry leaders from the US, Japan, Korea, Germany, Singapore, Israel, Switzerland, France, and the UAE, among other countries.
Time of India
6 days ago
- Business
- Time of India
India's big data superiority to drive next global tech breakthrough: Former WEF MD Claude Smadja
Drawing on his 53 years of engagement with India, Smadja described the country's journey as a "roller coaster" of hope and setbacks, often derailed from economic growth by distractions. Now, he said, India must seize this critical juncture to accelerate its technological innovation and catch up with global leaders. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's unique superiority in data and big data has placed it at an inflection point, ready to accelerate technological innovation and potentially deliver the world's next big surprise, according to former World Economic Forum (WEF) MD Claude Smadja With an unparalleled capacity for data collection and utilisation, India is poised to become a global leader in AI and deep tech fields that fundamentally rely on access to massive datasets, Smadja said."India is at an inflection point. India is, at the moment, in its domestic evolution, and in the global context, where it has to give a big push to accelerate the momentum for technological next big surprise could come from India in the domain of data and big data because India has a unique superiority advantage in terms of data collection and data potential leveraging," Smadja said at IGIC 2025 Chairman of Smadja & Smadja Strategic Advisory, contrasted India with major world economies, stating that the US is "losing momentum" and "having its prominence eroded" in every single aspect. At the same time, he noted, China has overcome its structural challenges to become more this backdrop, Smadja asserted that India's moment has on his 53 years of engagement with India, Smadja described the country's journey as a "roller coaster" of hope and setbacks, often derailed from economic growth by distractions. Now, he said, India must seize this critical juncture to accelerate its technological innovation and catch up with global leaders."It (India) has to accelerate the momentum for the technology catching up process because it is the right time, the right global conditions to try to assert leadership ambitions in some technological domain, to assert its role and place as the new global hub for technology innovation and entrepreneurship," Smadja fourth edition of India Global Innovation Connect (IGIC), being held in Bengaluru on June 4-5, 2025, will see a lineup of global industry leaders from the US, Japan, Korea, Germany, Singapore, Israel, Switzerland, France, and the UAE, among other countries.
