Start Up India: Disruptive Innovation kick starts in Dubai
- In Dispatch
- 11:15 AM, May 29, 2017
- Suresh Radhakrishnan
Indian Ambassador to UAE, Navdeep Singh Suri in his opening address at the summit recalled umpteen times he had heard this from his parents ‘Stay away from being disruptive’, but today’s World demands us to be Disruptive he stated. Thus this summit which is a brain child of collective thoughts and hats put together has multipronged relevance and significance where all stake holders, current and future are going to benefit.
Disruptive technology, Disruptive markets - it is all about the buzz word Innovation. The term was defined and phenomenon analyzed by Clayton M. Christensen (HBS Professor) and his team beginning in 1995. Since the early 2000s, " significant societal impact" has been the key aspect for Disruptive innovation. That reiterates the old adage ‘Innovate or Perish’, and societal impact is a resultant of ever changing Geo Political Economical factors.
On the lines of COLLISION – the fastest growing tech conference in North America, the summit can easily be rechristened as ‘Indo UAE Disruptive Collision’.
The changing equations in Global scenario are quite visible to all. Prime Minister Modi was quick to understand this and he broke the long standing record of 34 years where a Indian State Head had not visited UAE. This followed by back to back visits by UAE Heads to India and the presence of HE Mohammed bin Zayed bin Sultan Al-Nahyan as the Chief Guest at the Republic Day Celebrations on an 26th 2017. This was an indicator of how both nations are on the path of partnering in several areas of Development. Innovation, Defense, Infrastructure, Oil reserve storage are new dimensions added to the age-old ties both nations share.
This Summit marked the beginning of Tech Diplomacy between the 2 nations as coined by the MEA Mission in UAE. The role of the Mission in UAE comprising of the Ambassador and Consul General Shri Vipul is a true reflection of how important it is to debate and dissect status quo to inspire everyone to contribute to growth of India and UAE. And what could be a better time when India is poised during Start Up boom, gearing up to be in the top 5 Global economy by 2030, when its GDP is expected to surpass $10 trillion.
Sanjay Anandram, Advisor at iSpirt, a think tank for the Indian software products industry, said India is optimizing to empower problem solvers.
"Startups will be the force multiplier to catapult the country into a $10 trillion economy by 2030," Anandram said at the Startup India Summit in Dubai.
He said India has the third-largest startup ecosystem in the world with record growth of 270 per cent in six years to 26,000 startups accounting for $90 billion in value creation.
In 10 years, India will have 100,000 new startups that will create jobs for 3.5 million and account for a market worth over $500 billion.
India , with 100 Smart Cities in the process of construction , which is the new form of human settlement , distributed amongst States and UTs ; Venture Capitalists , angel investors across the World should not find any dearth of choices to invest where Camera Vision& Image Processing ( CVIP and Embedded & IoT (E&IP) will play a major role in providing Safe /Secure and Wellness for inhabitants .
The Summit had panel discussions and presentations by various firms in the domain of HealthCare, Fintech, Deep tech(Innovations) and Sales. Conspicuous by absence was none offered any solutions on HR domain. Is HR departments in establishments losing it relevance ? Can we derive HR Dept are being less Disruptive.
If one can read the writings on the wall, the repetitive nature of tasks will be taken over by Machines- Inspection, packing, Security and Surveillance, Construction site Monitoring, Retail analytics and shelf placement planning(planogram) are the ones which shall pave way for by humans to Machines.
44 major Corporations in the Automotive industry are on the path of producing Autonomous vehicles (Advanced Driver Assisted Systems). In 10 years duration, Driverless cars will be the norm which enhances safety and security and moreover it will be Connected cars. This will contribute to openings for talent and market opportunities for embedded and IoT apart from CVIP. Tesla vehicles promo video states- ‘The human behind the stirring wheel is to fulfill the mandatory requirement….
The quantitative and other qualitative data looks good from far, but it could be far from good as a slight fault can rock all the plans and models. We have witnessed the downfall of many Startups especially E-commerce venture, which sky rocketed at a rapid pace and fell flat in the same breath.
The author who is also a Strategic Partner of an Innovation Incubator ecosystem started way back in 2002 , with linkage to Indian Institute of Technology (IIT) and other R&D centers with niche focus on Camera Vision & Image processing-CVIP ( Machine language ) which is termed as Artificial Intelligence( AI defined is training the Machines in process to work as human brains) has a word of caution.
Funds will flow in, investors would queue up based on rosy charts and promise moon, but for sustainability and to tide temptations follow the rules in an ever Disruptive market.
Collaborative Approach
Customers are not our clients but our partners for us. Emphasize on developing long-term relationships and take pride in the ownership of the products designed and developed.
Expertise in diverse domains
Have independent depth in a wide spectrum of varied technology and business verticals. Get experienced hands in quick project conceptualization and execution, to put you in an enviable position.
Unique Business Model
Foster strong academic linkages with tier 1 Universities for facilitating R&D consultancy
Product Lifecycle Expertise
Gain expertise in all the stages of product lifecycle which accelerates time-to-market and generates greater return on investments (ROI) for stake holders
Understand Product Psychology
Have own products and a huge repository of IP. Therefore, one can understand product psychology along with the importance of correct design and development.
IPR and Confidentiality
Understand the value and importance of Intellectual property (IP) and confidentiality.
This initiative easily can be termed as the beginning of a Golden era for Indo UAE relations in giving impetus to flagship programs of Govt. Of India viz, Statup India, Digital India, Make In India with new Heads of Mission of MEA, in collaboration with IBPC & IBPG (Indian Business Professional Council and Group) . With the neighborhood and Look East Ward policy the efforts will only grow from strength to strength.
As both nations are poised to embrace the next revolution of developing Knowledge Economy, it shall also be backed by imparting or sharing ancient wisdom of India applied to modern times with this great nation. Similar to Yoga, India has rich traditions in form of Chanakya Management, Ecology and Environment , Meta Physics, Health and Wellness, Women Empowerment and more.
References
Clayton M Hendersen : Wikipedia Disruptive Innovation
44 Corporation – Article by Kerry Wu- Senior Mobilty analyst CB Insights- Linkedin
Chart: www.kritikalsolutions.com
Picture Courtesy : Event Organisers
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