First of Its Kind – The NASSCOM DeepTech Club
In India, the unmet demand in almost every sector provides a massive opportunity for companies (particularly startups) to make a difference to a million lives. Often, traditional methods don’t do justice and we require continuous innovation through deeptech – AI, ML, IoT, Blockchain, Mixed Reality, Robotics, Drone, Cryptography – to solve complex problems. Our study indicates that 18% of the total startup base (9300) i.e. approximately 1800 companies had already diffused deeptech in their business model and the pace of adoption was a rapid 40% CAGR. These companies are substantially differentiated from the rest, and during the crisis, it got another 50% to want to adopt deeptech and pivot. Of course, it can’t simply be a “lift and shift” kind of approach because these technologies can have...
How To Increase Effectiveness Of Remote Work Meetings
The onset of Covid-19 pandemic has led to 180-degree change in the way we live and work. Now the office chair is our couch, the commute is the length of our hallway and the snack drawer is our entire pantry. Work-from-home is no longer a dream and we all are learning to live with the reality of Coronavirus. When we think of this whole work from home concept, what usually comes to our mind is that it saves time and energy and it usually increases the productivity. Increase in the productivity can be due to the time that is being saved by working from home or the employee feels more comfortable and relaxed while working at home. But there are certain challenges that come along as a part and parcel of implementing work-from-home model. Remote working leads to virtual meetings. Virtual meeting...
Beating the middle-child syndrome for mid-market enterprises
Mid-market enterprises (MMEs) – organisations that are neither too small to be called startups, nor too large to be in the league of the big-guns – are faced with a unique set of challenges with little support in an increasingly competitive economic environment. While the precise definition of MMEs varies in different regions and geographies – some define it based on revenue and others on the number of employees – the method of categorisation does not significantly alter the list of those who fit the bill or their hallmark traits. We define MMEs as organisations with revenues in the range INR 500-2000 crore. In the Indian context, the Next 500 companies qualify as MMEs according to our definition, a good fraction of which is set to be India’s next titans. These orga...
FUTURE SKILLING FOR THE DIGITAL ECONOMY
Rapid advancements in digital technologies are redefining businesses globally. In the current business environment, digital is not only about technology. It also encapsulates how work is done, how data lies at the core of decision-making, and how models of stakeholder engagement are changing. This is an inexorable shift. It is now not about ‘whether’ digital ways of working need to be adopted but ‘when’. As a result, the impact is being felt profoundly on the shape of talent required in this environment. While some jobs are changing and going away, others are emerging. The installed talent base of digitally skilled professionals in India across all emerging technologies stood at 6,80,000 in FY2019 and is estimated to reach 8,84,000 in FY2020. The objective of the report is to paint a pictu...
6 Most Common Mistakes To Avoid While Filing Patents
For a tech business, filing a patent application is a crucial step if you want to defend and commercialize the invention. But in the course of a long and expensive filing process, it is easy to make mistakes, especially if you don’t have much experience managing a patent portfolio. Here’s what you need to keep in mind in order to avoid 6 most common patent mistakes: 1. Don’t Just Patent A Mere Idea The invention itself must be rendered in a physical structure or the patent application comprising the invention must be filed with the patent and trademark office concerned (ideally US Patents and Trademarks – USPTO). While all ideas start with a thought, only one out of each odd thought can be called an innovation. The concept of a patent must be “useful, innovative and...