Category — Innovation(RnD)

Global Entrepreneurship Summit Will Showcase U.S.-India Partnership

U.S. Commerce Secretary Wilbur Ross said that the Global Entrepreneurship Summit to be held in Hyderabad, India, will be another demonstration on how India and the U.S. can work together to advance the digital economy and entrepreneurial skills of their citizens.

To be hosted jointly by India and the U.S. from November 28-30 this year, the theme of this Summit is “Women First, Prosperity for all” and it will focus on supporting women entrepreneurs and fostering economic growth globally. Ivanka Trump will lead the United States delegation to the Summit, reports India Today.

GES Logo

India’s ambassador to the U.S., Navtej Sarna said, “The focus of the summit will be on four key areas: energy and infrastructure, health care and life sciences, financial technology and the digital economy and media and entertainment. This is the first time GES will be hosted in South Asia.”

GES will help participating U.S. companies better understand how to play a role in India’s new business start-up culture, said Alice Wells, Acting Secretary of State for South and Central Asia.

September 22, 2017   No Comments

Accenture Inaugurates Innovation Hub in India

Dublin, Ireland-headquartered Accenture, launched its first Innovation Hub in Bangalore. The Hub features capabilities in artificial intelligence, intelligent automation, quantum computing, machine learning, robotics, Internet of Things, data and analytics, intelligent applications, intelligent platforms, liquid applications management, and experience-led transformation, among others.

A look inside the new Accenture Innovation Hub in Bangalore

BusinessWire reports that the facility comprises 440,000 square feet of space through 10 floors, and it offers the:

  • Accenture Lab —  incubates new concepts through applied R&D
  • Accenture Liquid Studio — offers development and prototyping of applications and the design and creation of digital services
  • Accenture Innovation Center —  builds and scales solutions across technologies and industries, and
  • Avanade — provides innovative digital and cloud services, business solutions and design-led experiences through the Microsoft ecosystem and is majority-owned by Accenture

Paul Daugherty, Accenture’s chief technology and innovation officer, said, “Innovation is part of our DNA. As an innovation-led company, we are passionate about identifying, developing and even inventing the latest innovations to help our clients grow their businesses.”

 

September 20, 2017   No Comments

Symphony Ventures Establishes Development Center in India

London based headquartered Symphony Ventures, a global services firm specializing in Robotic Process Automation and Intelligent Automation, commenced operations at a Development Center in Bangalore, to serve India, the Middle East and Asia Pacific.

The firm plans to recruit 150 consulting and technology staff within the next twenty four months to provide consulting, implementation, managed services, and training to enterprise clients within the region, reports Enhanced Online News.

Robot

“… the demand for Symphony’s services is growing rapidly and our new operation in India is a critical element in our overall growth strategy,” said David Brain, COO, Symphony Ventures. “The region is a very attractive base for recruiting great talent and has a strong presence of large enterprises and global shared service centers.”

September 17, 2017   No Comments

McLaren Partners with India’s Wipro

Surrey, U.K.-based McLaren Technology Group signed a multi-year contract with IT major  Bangalore-based Wipro Limited to help drive digitization across its businesses. Wipro will assist the sports car maker with achieving its recently defined IT strategy, focusing on providing next-generation differentiated IT services to its business divisions with an emphasis on agility and improved reliability.

McLaren Technology Group Logo

Craig Charlton, CIO, McLaren Technology Group said, “We are passionate about delivering high performance digital solutions underpinned by robust SLAs across McLaren. Wipro, with its deep domain expertise and vast application services portfolio, will help us achieve excellence as well as drive innovation in artificial intelligence.”

The Financial Express reports that N. S. Bala, president (Manufacturing & Technology), Wipro, added, “Digitization is a great opportunity for renowned brands like McLaren to re-imagine and redesign their products and services from their customer’s perspective. We are delighted to partner with McLaren Technology Group to bring this strategic initiative to life, enabling organization-wide disruptive innovation.”

September 17, 2017   No Comments

Chinese Group Expects India to Overtake China in Innovation by 2025

According to China’s Science Technology Exchange Center, India’s innovation growth rate will rise significantly over the next 15 years, and come close to surpassing China. “It is predicted that the innovation competitiveness of India will see a significant rise with its growth rate probably surpassing China between 2025-2030,” the independent Chinese research body wrote in its BRICS Innovation Competitiveness Report 2017.

CNBC India reports: India has been taking notable steps forward in innovation, supported in part by Prime Minister Narendra Modi‘s reform agenda. Government initiatives such as Digital India, which expands the country’s online infrastructure, and Startup India, which promotes financial backing for entrepreneurs, have been unveiled to boost the country’s innovation and technology sectors. Meanwhile, the country’s growing information technology and scientific expertise have also helped turn it into an increasingly dominant outsourcing hub.

Innovation Poster

The International Monetary Fund recently forecast India’s GDP to grow 7.2 percent in 2017 versus China’s 6.5 percent. This new study highlights the growth that can be expected in intellectual advances, such as science and technology, which are often perceived as indicators of future growth.

September 15, 2017   No Comments