Industry Players & Policymakers Came Froward While National Technology Day Celebrated

Role of technology in our lives is immensely critical. Today, when we are fighting with a global pandemic and it is the technology that holds our strength. And precisely today on 11th May we are celebrating as National Technology Day, so, we must recognize and understand the right technologies that can bring success in our lives. From artificial intelligence to cloud computing to advanced computing for drug research or pharma research, technology is contributing to our lives in several avatars.

PM Narendra Modi started his day while tweeting about National Technology Day as:

On National Technology Day, our nation salutes all those who are leveraging technology to bring a positive difference in the lives of others. We remember the exceptional achievement of our scientists on this day in 1998. It was a landmark moment in India’s history.

— Narendra Modi (@narendramodi) May 11, 2020

Dr Harsh Vardhan, Cabinate Minister for Health & family welfare who is leading the COVID-19 fight from Healthcare perspective, have also tweeted as:

Watch Live!! Union Minister Dr Harsh Vardhan as a chief guest to Digital Conference: 'Reboot the Economy through Science, Technology & Research Translations' organized by the DST in collaboration with CII on the occasion of 22nd #NationalTechnologyDay. https://t.co/rohWGBMipB

— DrHarshVardhanOffice (@DrHVoffice) May 11, 2020

In addition, here are a few quotes that we compiled from the industry on National Technology Day.

Vivekanand Pani, Co-Founder and CTO Reverie Language Technologies says: 

The current pandemic has offered a testing ground if India is poised to take the “only digital” mode. We also have the pronounced need to create awareness through reliable resources in a language that citizens can understand. Almost all the government portals are available only in the English Language and to some extent in Hindi. Localizing all government to citizen portals in Indian languages is the need of the hour. Not only this, but the nuances of localization are also still an overlooked aspect that most firms fail to consider – for example a shopping cart button as a checkout option which does not make instinctive sense to Indian internet users who are not used to shopping at a supermarket. Wherever there is a digital end-user touchpoint, it has to be in local languages. In India, Reverie is the only Indic language technology company that offers full-stack language localization products & offerings for e-commerce, BFSI, FinTech, Media & Entertainment, Travel & logistics, healthcare, and education. Within the next few months, we also plan to launch Prabhandhak, which is India's first AI-powered translation management system that features Neural Machine Translation enabled CAT tool and a marketplace for translators and language service providers. The AI-powered marketplace expedites language translation and localization in 11 Indian Languages- Hindi, Bengali, Punjabi, Assamese, Gujarati, Marathi, Odia, Tamil, Telugu, Kannada and Malayalam. Prabhandhak is powered by the only Neural Machine Translation engine which supports Assamese and Oriya, developed entirely in India.

Reverie also offers Indic Voice Suite, which includes speech solutions in Indian languages covering Speech to Text, Text to Speech, Natural Language Understanding in 12 major Indian languages. It can understand regional accents, bi-lingual nature of Indians and numbers in native languages.

If we re-define – “Maslow's Hierarchy of Needs” for the 21^st century, language localization to enable a Digital India would fall under the basic physiological needs, just like internet connectivity to connect the next 500 million.

How Technology has become an integral part in human life and how it is  helping businesses to function during Covid 19 Crisis

Amit Gupta, Co founder & CEO at Rapyder Cloud Solutions Says:

Amit Gupta, CEO & Co founder-Rapyder

When pandemics such as the recent COVID 19 strike, human life, global economy and the business world are all under serious threat and is not a new phenomenon.  The difference today is with the new technologies, such as Cloud Security, AI, IoT, Big data, and others, the process of finding a cure is faster, much to the delight of scientists.

While this will take a while to materialize, more importantly we have to acknowledge, technology is also ensuring continuity of businesses.  Virtual meetings, cloud conferencing, remote access to data among others, ensure work is not impacted while social distancing is being maintained.  The new work culture is also in a way preparing for the next outbreak and leveraging technology for better functioning will certainly become the ‘new normal’.  Work-from- home option will increasingly be considered more than before in the coming years. With technologies such as Virtual Private Networks (VPNs), work collaboration tools, cloud technology and others, remote working will ensure work will not be impacted across many industries.  This will also provide the much needed flexibility while saving commuting time. Some associated challenges with isolation will be addressed too in the long run.

Cloud adoption is becoming more crucial too with an increase in remote working.  Cloud management provides easy access of data for employees to work and share at the same time data is protected too.  According to Gartner, by 2022, upto 60% of the organizations will leverage cloud-managed service offering by an external service provider.

Related services such as online delivery and digital payments are increasingly leveraged leading to the retail sector to establish a robust logistics system.  Yes, supply chain 4.0, will leverage its core technologies such as Big Data, Cloud Computing and Blockchain to enable better customer service with timely delivery of both essentials and non-essentials to the end customer.

Senthil Rajagopalan, President & COO at Profit.co says:   

For over four decades, successful Silicon Valley companies have been banking upon OKRs (Objectives & Key Results) a deceptively simple goal setting and management system to fulfill their company objectives. Google, Apple, Amazon, Linkedin, Microsoft , Netflix  and Square are some examples of disruptors who have reinvented their industries. There is one common theme that is pervasive across these companies – All of them have adopted the OKR business execution methodology.

In the current uncertain economic environment businesses need to use their resources in a prudent manner, ensuring that the entire company executes the company's mission, in tandem through a highly collaborative working environment.Profit.co brings to the table one of the most intuitive,cloud based OKR technology to define their corporate objectives, and cascade them into departmental , team and individual objectives and key results in a very measurable framework. OKRs also ensure that everyone is aligned at all levels and “out execute” their industry peers.

In India, business verticals like Banking and Financial services, Healthcare, Manufacturing and logistics and Technology services are adopting OKRs to dramatically improve their execution . They started by distilling their aspirations into about 5 Objectives and Key Results for the quarter. Their teams were then engaged in the “bottom up exercise” of converting these corporate OKRs into departmental and individual OKRs. An OKR platform like Profit.co makes OKR adoption a smooth process by easy integration with existing systems.

Within a period of few quarters these companies have reduced their cost base, increased their market share, created great new products while improving employee and customer engagement. It is clear that with these great initial results OKRs in India are here to stay!