Why India needs Deep-tech?

According to a NASSCOM report, 87 per cent of startups were in field of AI/ML. While, this sector has also attracted interest of VCs. 14 per cent of total investments in 2020 were in deep-tech startups, which stood 11 per cent in 2019. In this video, industry experts discuss on how pandemic has created a very conducive environment for businesses to adopt and leverage deep tech. Meanwhile, there are still ample of gaps to bring out the best from the deep-tech.

   

COVID-19 pandemic has led to significant momentum to digital services while deep-tech startups are the leading the way. According to a NASSCOM report, 87 per cent of startups were in field of AI/ML. While, this sector has also attracted interest of VCs. 14 per cent of total investments in 2020 were in deep-tech startups, which stood 11 per cent in 2019.

In this video, industry experts discuss on how pandemic has created a very conducive environment for businesses to adopt and leverage deep tech. Meanwhile, there are still ample of gaps to bring out the best from the deep-tech.




India’s HealthTech: Thrust into spotlight amid the pandemic

COVID-19 has brought healthcare to the forefront in public’s mind, while healthTech has seen a tremendous behavioral change from the consumer side. The adoption got speedier that was expected to happen over the span of few years. The positive momentum for healthTech startups is serving as a base for tremendous growth of the market which is currently at 1 per cent of the total healthcare sector. Here’s a report on growing Indian healthTech market.

   

COVID-19 has brought healthcare to the forefront in public’s mind, while healthTech has seen a tremendous behavioral change from the consumer side. The adoption got speedier that was expected to happen over the span of few years.

The positive momentum for healthTech startups is serving as a base for tremendous growth of the market which is currently at 1 per cent of the total healthcare sector. Here’s a report on growing Indian healthTech market.




SME Futures Explains: Cryptocurrency

The first blockchain-based cryptocurrency was Bitcoin, which still remains the most popular and most valuable.

   

Cryptocurrencies have skyrocketed in value over the last few years. Almost everyone has heard about them, but how many people actually know what Cryptocurrency is? How many people know where they come from and how they work?

Let’s understand!!! What Is a Cryptocurrency?

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. They are systems that allow for the secure payments online which are denominated in terms of virtual “tokens,” which are represented by ledger entries internal to the system. Many cryptocurrencies are decentralized networks based on blockchain technology. A defining feature of cryptocurrencies is that they are generally not issued by any central authority.

Types of Cryptocurrency

The first blockchain-based cryptocurrency was Bitcoin, which still remains the most popular and most valuable. Bitcoin was launched in the late 2008 by an individual or group known by the pseudonym “Satoshi Nakamoto. Some of the competing cryptocurrencies spawned by Bitcoin’s success, known as “altcoins,” include Litecoin, Peercoin, and Namecoin, as well as Ethereum, Cardano, and EOS.

Advantages and Disadvantages of Cryptocurrency

Advantages

Cryptocurrencies hold the promise of making it easier to transfer funds directly between two parties, without the need for a trusted third party like a bank or credit card company. In modern cryptocurrency systems, a user’s “wallet,” or account address, has a public key, while the private key is known only to the owner and is used to sign transactions. Fund transfers are completed with minimal processing fees, allowing users to avoid the steep fees charged by banks and financial institutions for wire transfers.

Disadvantages

As cryptocurrencies are virtual and are not stored on a central database, a digital cryptocurrency balance can be wiped out by the loss or destruction of a hard drive if a backup copy of the private key does not exist. Also, the semi-anonymous nature of cryptocurrency transactions makes them well-suited for a host of illegal activities, such as money laundering and tax evasion.

Criticism of Cryptocurrency

Cryptocurrencies face criticism for a number of reasons, including their use for illegal activities, exchange rate volatility, and vulnerabilities of the infrastructure underlying them. Cryptocurrencies are thus considered by some economists to be a short-lived fad or speculative bubble.

Nonetheless, many observers see potential advantages in cryptocurrencies, like the possibility of preserving value against inflation and facilitating exchange while being more easy to transport and divide than precious metals and existing outside the influence of central banks and governments.




Union Budget 2021-22: A vaccine for growth

Nirmala Sitharaman brought a never like before budget on the grounds of health care, job creation, policies for Micro Small and Medium Enterprises.

   

Finance minister Nirmala Sitharaman brought a never like before budget on the grounds of health care, job creation, policies for Micro Small and Medium Enterprises (MSMEs) and much more. Let’s take a look at the Budget 2021 highlights.

The FM outlined six pillars of proposals to strengthen the vision of Atmanirbharta, namely health and wellbeing, capital and infrastructure, inclusive development, reinvigorating human capital, innovation and R&D and minimum government and maximum governance.




Covid-19, a wake-up call for MSMEs to adapt digital : Dr. Kapil Dev, CEO, Coeus Age

Dr. Kapil Dev Singh, explains why Covid-19 crisis acted as a wake-up call for MSMEs to adapt digital.

   

The growth journey of India Inc is passing through a uncertain phase in wake of the Covid-19 catastrophe. The environment has become volatile, uncertain, complex and ambiguous. From big scale companies to medium, small and micro businesses, all are facing difficulty in growing. Covid-19 has taught the growing relevance of digital in business.

Digitization in the wake of the pandemic is a make-or-break issue for many companies. Rethink the Future: In a new series of expert interviews, SME Futures gathers input from prominent voices in academia and business.

In an interview in this series, Dr. Kapil Dev Singh is a globally recognized digital analyst, innovation strategist, digital consultant and board advisor and has over two decades of rich experience. He has been tracking the ICT industry for 20 years now. He is currently spearheading path breaking research on digital in enterprises and governance, explains why “this crisis was a wake-up call for MSMEs to adapt digital”.

Dr. Kapil Dev Singh answers the following questions;

1.    Covid-19 seems to have suddenly pushed digital transformation much further ahead. How are companies coping with this? Do you have advice on how they can adapt to a fully virtual workplace more effectively?

2.    Is India ready to radically accelerate digital transformation across sectors?

3.    How can companies balance the need to go virtual ASAP against developing a long-term digital transformation strategy? What shouldn’t they overlook, and what are some of the dangers of switching to remote work overnight?

4.    Can the current transition to fully virtual organizations help create more agile ways of working? If so, how? Could this be an opportunity to innovate, and how can organizations leverage that?

5.    What should businesses do with their digital transformation programs at the unprecedented crisis unleashed by this lethal virus?

6.    Are you seeing positive, inspiring stories of how business decision-makers (CEOs/ CFOs) are responding to the Covid-19 crisis? Who would you point to as an example for other leaders?

7.    What investments are the most necessary to create the technology environment that will allow companies to thrive in the next normal?

8.    A lot of upskilling has to happen for a company to digitally transform, but in tough times like these, training budgets get cut first. So how do companies meet this challenge?

9.    The MSMEs are the worst hit by the virus, is technology going to be the knight’s shining armour?




Budget 2021-2022 : Why India needs a goods education budget?

Apart from the education policy, Budget 2021 also needs to focus on skill development as India is aiming to become self-reliant or “Atmanirbhar”.

   

Along with other key sectors, Education too needs the Central governments support on Budget 2021. The Education sector witnessed a key development last year in form of National Education Policy 2020. However, experts are of view that, the implementation of ‘National Education Policy 2020’ requires an increase in spending. Apart from the education policy, Budget 2021 also needs to focus on skill development as India is aiming to become self-reliant or “Atmanirbhar”.

In conversation with Charu Malhotra, Co-Founder & Managing Director Primus Partners cum Education Specialist on the education sector outlook and budget expectations 2021-22.