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FTCCI in association with NASSCOM held a half-day MSME workshop on Strategic Digital Adoption

Jul 13, 2024 by Mansi 0 Comments #FTCCI, #MSME, #NASSCOM, #Prashanthi Kolluru, #Strategic Digital Adoption

Hyderabad, July 13, 2024…. The Federation of Telangana Chambers of Commerce and Industry (FTCCI)’s ICT Committee and the National Association of Software and Service Companies (NASSCOM), a non-governmental trade association and advocacy group jointly on Friday organized a half-day MSME workshop on Strategic Digital Adoption

SEEN IN THE PIC ARE BP ACHARYA PRESENTING A MEMENTO TO A SPEAKER AT THE WPORKSHOP FOR MSMES ON DIGITAL ADOPTION. ALSO SEEN ARE MOHAN RAIDU AND YERRAM RAJU

Over 100 participants and MSMEs participated in the same.

BP Acharya, a retired Special Chief Secretary, Govt of Telangana and Chief Advisor, FTCCI graced the valedictory function. Addressing the gathering “failure is not an option” as stated by NASA, today’s MSMEs have no option except going digital. MSME is an important sector. You will perish if you don’t adopt. Don’t Be a Tech Dinosaur, not only adopt the technology fast but also embrace the Age of AI. MSMEs are the most innovative, the maximum number of job creators in the country. Besides farmers, the biggest risk-takers in our country are MSMEs. Most of the state governments, including Telangana are coming up with Policies to develop the MSME sector.

Mr. R. Ravi Kumar, Vice President of FTCCI, Rajesh Raju, Founder and CEO of Achala Solutions; Nirupam Chaudhuri, Director at NASSCOM and Dr B. Yerram Raju, a banker turned economist and K Mohan Raidu, Chair of FTCCI ICT Committee graced the inaugural function.

R. Ravi Kumar said MSMEs will have a competitive advantage over their peers and rivals if they adopt digital technologies. They can also improve significantly by adopting digital tools, applications and technologies in their daily operations and business processes.

Nirupam Chaudhuri, Director at Nasscom, Digital Transformation Enthusiast, and Community influencer said Digital adoption is a growing trend among MSMEs who are looking to scale their businesses in the years to come. Digitization will lead to enhanced operational efficiency, improved customer and employee engagement and expanded market and customer reach.

Dr. B. Yerram Raju, International SME Specialist & MSME Turnaround Management Consultant said staying ahead in sports or business is not an easy task. You must be equipped with every ammunition possible. In this case, adopt technology and prosper otherwise you will perish, he said.

Prashanthi Kolluru, Founder & CEO of KloudPortal explained the difference between traditional and digital marketing, digital advertising, its best practices etc. Businesses with an online presence are more confident in their growth, with 79% of business owners with a website expecting to grow by 25% in the next three to five years, she added.

Kamlesh Kishore Naidu, Global Head of Strategy & Insights, PXP Financial spoke about eCommerce-Prerequisites, Support, Payments and Fraud. He explained platforms for e-commerce. Ensure your site is mobile-friendly. Simplify navigation and checkout processes, he said.

business

Algorand Foundation launches Developer Training platform with NASSCOM

May 28, 2024 by Gayathri Pariti 0 Comments #AlgoBharat, #Algorand Foundation, #Algorand Foundation’s India-focused initiative, #Anil Kakani, #Developer Training platform, #Dr. Nikhil Varma, #India’s growing population of Web 3.0 developers, #India’s IT Industry, #NASSCOM, #NASSCOM's FutureSkills Prime platform, #National Occupational Standards, #National Skills Qualification Framework

National, 28th May 2024: AlgoBharat, Algorand Foundation’s India-focused initiative, announced two significant milestones in supporting India’s growing population of Web 3.0 developers, surpassing the 50-university mark for Algorand Blockchain Clubs and officially launching the first layer one blockchain protocol backed Application Developer Course on NASSCOM’s FutureSkills Prime platform.

Algorand Blockchain Club

NASSCOM’s FutureSkills Prime, a joint initiative of India’s IT Industry and the Government of India, aims to enhance digital skills across India and position the country as a leader in global innovation and growth. As the first blockchain platform to partner with NASSCOM, Algorand is creating original developer training content aligned with the National Occupational Standards (NOS) and National Skills Qualification Framework (NSQF), enabling India’s young developers to acquire in-demand skills that NASSCOM has identified as being highly valued by employers.

Additionally, the Foundation has invested heavily over the past 18 months in its University engagements, providing educational content and hands-on activities to support the learning journey of India’s computer science and engineering students. AlgoBharat announced its third Faculty Development Programme in India to be led by its technical lead, Dr. Nikhil Varma, from June 13-15, 2024, at BMS College of Engineering in Bengaluru. The Foundation also proudly announces that it has surpassed the mark of fifty Algorand Blockchain Clubs (ABCs) established at campuses across India.

Supported through webinars as well as travel opportunities to domestic and international events for workshops with world-leading Web 3 entrepreneurs and developers, the Club leads have spearheaded activities on campuses that cultivate a community of innovation and collaboration. Nearly 30 ABC leads travelled to Delhi in December 2023 to participate in the inaugural Algorand Impact Summit.

Anil Kakani, VP and India Country head at Algorand Foundation said: “Investing in India’s young developers – who represent our country’s future – is the most exciting part of our work. It’s inspiring to see students starting blockchain clubs across the nation and learning to build on the Algorand blockchain platform, which uniquely caters to scalable solutions that will help drive us to a more inclusive economy. Our partnership with NASSCOM’s FutureSkills Prime platform is a strong testament to our commitment to India’s digital future”

business

From India to the World: Hanooman India’s largest Groundbreaking GenAI Platform Now Live in 98 Languages

Bengaluru May 10th, 2024: SML India and 3AI Holding Limited, today announced the launch of *‘Hanooman’, India’s homegrown largest multilingual and most affordable GenAI platform in 98 global languages, including 12 Indian languages, to build a GenAI ecosystem for India by leveraging the country’s diverse linguistic and cultural heritage.

Hanooman India’s largest Groundbreaking GenAI Platform Now Live in 98 Languages! 2

Derived from the name of Lord Hanuman, it symbolizes the platform’s commitment to using the power of GenAI for the greater good. Hanooman, with all his knowledge, power, and strength always served Ram loyally and we want Hanooman to bring the same GenAI power to humanity. Hanooman has been developed by SML India in partnership with 3AI Holding. The platform aims to reach 200 million users within its first year of launch.

As part of the launch, SML India announced its partnership with leading technology stalwarts and innovators like HP, NASSCOM, and Yotta. Through the partnership, Yotta will provide GPU cloud infrastructure to bolster SML India’s operations. Additionally, SML India’s partnership with NASSCOM is aimed at several initiatives, like supporting AI startups, fostering fintech innovation, engaging with 3000 colleges, and participating in research programs.

The company has also collaborated with the Government of Telangana and the Department of Administrative Reforms and Public Grievances (DARPG), to facilitate seamless translation between English and Telugu, enhancing accessibility and understanding of crucial documents like court orders.

These strategic partnerships with leading tech players and government bodies signify a monumental leap forward in India’s GenAI landscape, and underscoring Hanooman’s capabilities and commitment to delivering innovative solutions to businesses and individuals alike.

The 12 Indian languages that the web and app are currently available in include Hindi, Marathi, Gujarati, Bengali, Kannada, Odia, Punjabi, Assamese, Tamil, Telugu, Malayalam, and Sindhi. Additionally, Hanooman will support a host of global languages, including English, Spanish, Italian, German, Japanese, Korean, and 80 other languages worldwide.

Hanooman India’s largest Groundbreaking GenAI Platform Now Live in 98 Languages! 1

Powered by 3AI Holding’s cutting-edge technology, it combines specialized LLMs built with a dynamic integration synthesis matrix to deliver clear, adaptive insights and transform complex data into actionable intelligence effortlessly. It is presently accessible in its free version, with the premium subscription plan to be launched later this year. Along with its exceptional translation capabilities, Hanooman’s versatile features can handle everything from a casual chat to offering professional advice, as well as perform complex technical tasks like coding and tutoring.

With integration-ready pipelines seamlessly integrating into existing products, Hanooman aims to cater to four sectors, including healthcare, governance, financial services, and education. Hanooman is set to offer an open-source alternative to commercially accessible Large Language Models (LLMs) while providing a closed-source model tailored for enterprises in need of on-premise solutions.

Dr. Vishnu Vardhan, Co-Founder & CEO, SML India, said, “Hanooman represents a new era of AI innovation in India. With its launch, we aim to impact the lives of 200 million users within the first year alone. 80 % of Indians can’t use English, hence, Hanooman’s capabilities to support Indian languages will bring Gen AI to the reach of everyone in India and open massive opportunities for companies and startups bringing Gen AI products to the market.

We envision Hanooman not only as a technological marvel but also as a catalyst for societal change. We see Hanooman as a cornerstone of India’s economic future, unlocking the vast potential of GenAI to drive innovation, productivity, and prosperity across various sectors.”

Arjun Prasad, Managing Director of 3AI Holding, said, “Our mission is clear: to ensure that AI is not just a privilege for a few, but a tool accessible to every Indian. Hanooman embodies this commitment of democratising access to cutting-edge technology to every Indian. What sets Hanooman apart is that it is built in India, built for India, and stored in India (data). Through our strategic partnership with SML India, we strive to cater to a diverse spectrum of users, making AI inclusive and available to everyone, regardless of their ethnicity or location. We strongly believe that by empowering individuals with GenAI, we can unlock unprecedented opportunities for innovation, thereby contributing to the growth of the country.”

The strategic partnership between SML India and 3AI Holding reflects a commitment to the fundamental mission of ‘AI for All.’ By jointly owning Hanooman, both the entities are dedicated to democratizing the GenAI space and bridging the gap between urban and rural India. The platform’s launch marks a significant milestone in India’s AI journey, positioning the country as a global leader in AI adoption and innovation.

Hanooman is now available for download in India and can be accessed through the web and mobile application for Android users on the Play Store.

The forthcoming IOS app will soon be available for download on the App Store

news

Endimension Technology raises INR 6 Crore in Pre-Series A round led by Inflection Point Ventures

Apr 25, 2024 by Sujata 0 Comments #Endimension Technology, #Inflection Point Ventures, #Ivy Chin, #NASSCOM

Mumbai, 25th April 2024: Endimension Technology, a healthcare AI startup has raised INR 6 Crore in Pre-Series A round led by Inflection Point Ventures. Other investors in this round include Sucseed Indovation, SINE IIT Bombay and individual angel investors. Endimension Technology, incubated at IIT Bombay, is driven by the vision to harness AI technology in radiology, ensuring early and precise diagnosis for patients globally.

The funds will be utilized to fuel AI research and development, team expansion, software enhancement. These strategic investments aim to bolster their market position, accelerate growth, and establish Endimension as an industry leader.

CO FONDERS

Endimension is backed by leaders with immense experience in technology and artificial intelligence. Bharadwaj Kss, Founder & CEO, holds a bachelor’s from IIT Madras and a master’s from IIT Bombay. He has 10 years of experience in Artificial Intelligence & Machine Learning. Apparao Mlv, co-founder & COO, has 10 years of operational and marketing experience. He holds a bachelor’s in technology from ICT Mumbai. Karthik Kannegondla is the Chief Technology Officer and brings 10 years of software development experience to the table along with his B.Tech and M.Tech from IIT Madras.

Ivy Chin, Partner, Inflection Point Ventures says, “The Indian radio-diagnosis market, growing at a CAGR of 15%+ over the last decade, has got a lot of focus on equipment & infrastructure. The under-stated need is that of qualified professionals, i.e. radiologists, to manage this burgeoning demand. There has been growth across tier 1, 2 & 3 for equipment but the availability and prohibitive costs of trained radiologists exacerbates the problem of demand outstripping supply situation. Endimension focuses on leveraging AI to facilitate faster assessment and diagnosis, employing generative AI to streamline report generation and reduce the time required by radiologists. IPV is confident that this investment will contribute towards the betterment of the industry”.

The global market for AI in medical imaging is expected to grow significantly in the coming years. In 2024, the market size is estimated to be around USD 5.86 billion and is projected to reach USD 20.40 billion by 2029, with a compound annual growth rate (CAGR) of 28.32% (Ref: Mordor Intelli). This growth is driven by the increasing demand for early and accurate diagnosis, the rising awareness about chronic diseases requiring imaging services, and the growing adoption of AI technologies in healthcare. Capitalizing on this, Endimension has established itself as an end-to-end AI platform for radiology diagnosis, distinguished by its seamless integration, multiple customization options, and ability to diagnose a wide range of conditions with precision, leading to improved patient outcomes. Endimension’s platform has processed over 1 million scans to date and is currently deployed in 400 hospitals and diagnostic centres across multiple regions, enhancing their accessibility.

Endimension has added several feathers to its cap over the years. The startup was one of the 20 startups selected by Google for Startup Accelerator Class 8 and one of the top 10 startups at the WhatsApp Incubator Programme. They received the Life Science Award at Asian Entrepreneurship Awards. They were winners at SIDBI Investors Day event and have also won the NASSCOM Healthcare Innovation Challenge. Endimension has also been supported and recognised by the Department of Biotechnology, Government of India.

Disclaimer: Information in this release is for informational purposes only. While we aim for accuracy, we can’t guarantee completeness or suitability for specific purposes. Reliance on this information is at your own risk.

health

Tredence’s HealthEM.AI Wins NASSCOM’s Healthcare Innovation Challenge 3

Jun 14, 2022 by Praveen 0 Comments #Healthcare Innovation Challenge 3, #HealthEM.AI, #NASSCOM, #Tredence

Tredence, a leading data science solutions provider, today announced that its care-management platform HealthEM.AI

won NASSCOM’s Healthcare Innovation Challenge 3 in the ‘inpatient volume prediction based on outpatient Volume’ category. Organized by NASSCOM Centre of Excellence (CoE) – IoT & AI, the initiative aims to support tech innovation in health care by making it efficient, effective, and easily accessible.

HealthEM.AI is Tredence’s value-based care management platform that improves healthcare outcomes at speed and scale by turning data into actionable insights. The platform provides a strong foundation for healthcare providers and payers to deliver key wins associated with value-based care by:

Identifying the future cost of the patient
Identifying rising risk patients and enabling AI/ML predictive modeling
Improving care management productivity and effectiveness

Built by medical science and data science professionals, HealthEM.AI aims to drive value-based care through advanced AI and machine learning models while optimizing costs for healthcare providers and payers.

“With the health industry shifting from a fee-for-service model to value-based care, the adoption of AI to deliver personalized patient care has gained more traction. HealthEM powers the journey to value-based care, optimizing revenues, operational efficiency and patient experience with an accurate risk prediction, prioritization and recommendation engine,” said Tredence CEO and Co-founder Shub Bhowmick. “By harnessing the power of AI, HealthEM.AI makes it easy to take data-driven actions and foster innovation for healthcare organizations. We are honored to be recognized by NASSCOM for innovation in health care and will continue to support our clients in driving both commercial success and patient outcomes.”

NASSCOM’s Healthcare Innovation Challenge aims to accelerate the impact of digital technology in the healthcare sector to achieve the vision of a $1 trillion digital economy as defined by The Ministry of Electronics and IT (MeitY). Aside from hospitals, the third edition of the initiative saw participation from insurance and technology players, who came onboard as use-case sponsors. The program is an initiative of the NASSCOM Center of Excellence, a collaborative innovation platform to help deep-tech startups and companies leverage cutting-edge technologies to build market-ready products.

NASSCOM CoE's EIC 2nd Edition_Inaugural Session 1

business

MeitY CoE Enterprise Innovation Challenge with NASSCOM calls for tech innovation to achieve ESG Goals

Jan 29, 2022 by Gouri 0 Comments #Dr Vibha Dhawan, #Innovation Challenge, #MeitY CoE Enterprise, #Mr Abhishek Singh, #Mr. Arun Misra, #Ms Debjani Ghosh, #Ms Mona Soni, #NASSCOM

New Delhi / Bangalore, January 28, 2022 – As businesses and corporates undergo a paradigm shift leveraging ESG measures to compute the ethical and sustainable impact of their investments, the Ministry of Electronics & Information Technology (MeitY) Centre of Excellence (CoE) for IoT & AI in collaboration with KITS (Karnataka Innovation & Technology Society) and Nasscom launched the 2nd edition of the Enterprise Innovation Challenge (EIC) with a focus on Environmental, Social and Governance (ESG) goals.

Initiated in 2021, EIC aims to leverage the innovations created by Indian entrepreneurs and nurture sustained engagements between innovative start-ups and enterprises. In the virtual inaugural session of the EIC Challenge esteemed panellists called for a greater role of technology in the nation’s ESG goals. The use cases will undergo rigorous brainstorming and evaluation until the most commendable and cost-effective innovative solution is shortlisted. Interested entities will avail these solutions for augmenting, improving, and scaling up the ESG challenges defined by the enterprises

Calling for greater role of technology in achieving ESG goals, Mr Abhishek Singh, CEO, Digital India, MeitY, said “As we mature into a truly global economy, ESG will be one of the top priorities for our industry and for all of us. Recently at COP26, our Hon’ble Prime Minister made the net-zero commitment and this will require each one of us, including government and the industry to put our best foot forward to ensure that we are able to put forward a sustainable agenda that not only takes care of our present-day needs but also the needs of the future. Even in corporate governance, what we really need is that if our unicorns have to become real value-adding companies and if our startups have to go up and become the best in the world, the adoption of ethical corporate governance standards become a very important part of it. I am sure that the solutions coming out of the Enterprise Innovation Challenge will help not just corporates but also the Government.”

Besides Mr Abhishek Singh, CEO, Digital India MeitY, the inaugural session also saw the presence of eminent personalities like Ms Debjani Ghosh, President, NASSCOM; Dr Vibha Dhawan and Director General, TERI (The Energy & Resources Institute), Mr Arun Misra, CEO, Hindustan Zinc, Ms Mona Soni, Global Head of ESG Technology, S&P Global Sustainable1, Mr Sandeep Chandna, Chief Sustainability Officer, Tech Mahindra and other eminent industry experts.

In her inaugural address, Ms Debjani Ghosh, President, NASSCOM, said “Today ESG has become a top priority not just for governments but also for our clients, investors as well as for employees across the Tech industry. There has been a sharp rise in conversations around ESG, companies are not just becoming alert to ESG performance of vendors or partners that they are willing to work with, but investors also are using ESG as metrics to drive investments. In India alone, the assets under management for ESG funds rose by 2.5 times in just a year. From 275 million USD in Fiscal Year 20, the assets under management for ESG funds went up to 650 million USD in Fiscal Year 21”

Dr Vibha Dhawan, Director General, TERI (The Energy & Resources Institute) said “To move in the right direction for ESG, one of the most fundamental and crucial things is a mindset. As a society, we need to adopt the right mindset to achieve our goals. From an industrial perspective, it is not only the production and processes but also the raw material which goes in which needs to be looked into from our ESG goals perspective.”

Mr Arun Misra, CEO, Hindustan Zinc, said “Judging companies by their ESG score has picked up immense momentum. In our industry Digital technologies are playing a critical role in driving ESG goals but it also has to involve society by spreading awareness around on these goals.”

Ms Mona Soni, Global Head of ESG Technology, S&P Global Sustainable1 said “More than ever, investors and companies seek evidence-based insights, high-quality data and advanced analytics to support the decisions driving their strategies linking sustainability and business performance. Technology will be a key lever in accelerating progress and supporting innovation in this rapidly evolving ESG market.”

The MeitY initiative, in collaboration with KITS (Karnataka Innovation & Technology Society), Government of Karnataka and Nasscom which aims to foster innovation in the space, also presented some unique use cases like ‘Market transformation towards Sustainable Palm Oil’ establishing the linkage between sustainable palm oil and biodiversity conservation, climate and how it can help attract youth attention and possible action on this issue. Another use case by Novartis titled ‘Environmental sustainability – thermal renewable energy’ focused on looking for scalable and reliable alternatives to natural gas, diesel, and other carbon-generation sources to produce thermal energy. And the Use Case of Diageo ‘Accelerate to a Low Carbon World– Moving towards NET ZERO CARBON’ highlights its efforts towards achieving NET ZERO Carbon in its direct operations by innovative to reduce carbon in the value chain by 50%.

Tag: NASSCOM