StartupTalky

Tag: Expert Insights

  • National Startup Day: Industry Experts Share How Government Policies Can Empower India’s Startup Ecosystem

    India has the third-largest startup ecosystem in the world. Startups in our country are playing an extremely important role in driving innovation, creating jobs, and boosting economic growth. Recognising the importance of startups, Prime Minister Narendra Modi declared 16th January as National Startup Day to celebrate the entrepreneurial spirit and innovation shaping the nation’s future.

    While initiatives like Startup India have built a strong foundation, many industries still face unique challenges. These challenges need targeted policy interventions. This National Startup Day 2025, StartupTalky brings together insights from industry leaders, highlighting what they think could better support startups and drive growth in their industries. By addressing these needs, the government can help startups succeed in local and global markets.

    Electric Vehicle Industry Growth

    Nemin Vora, Founder and CEO of Odysse Electric Vehicles, shared, “We believe that EV sectors, especially the two-wheeler space, will continue to be a priority sector. This optimism comes from the shared goal of making transportation sustainable. We trust that the government will bring in incentives for both manufacturers and consumers, infrastructure development for EV charging, and policies to encourage research and development for the betterment of the EV space.

    To better support startups in particular, and drive growth in the electric vehicle industry, we believe that the following policy changes and implementations would be highly beneficial:

    • Regulatory Support and Streamlined Approvals: Simplifying and expediting regulatory approvals for electric vehicles, along with implementing clear and consistent policies around safety and certification standards, would help startups enter the market more efficiently.
    • Promoting Incentives toward a Large Consumer Base: Government-backed awareness campaigns and direct consumer incentives, such as FAME-II subsidies or tax rebates for electric vehicle purchases instead of PLIs, would drive demand and encourage consumers to transition to electric mobility.
    • Access to Financing and Grants: Providing easier access to financial support through low-interest loans, grants, and venture capital funding for electric vehicle startups would enable companies to scale faster, invest in technology, and expand production capacities.
    • Reduced Taxes and Import Duties on EV Components: Lowering taxes and import duties on key electric vehicle components would make it more affordable for startups to produce electric vehicles domestically, which in turn would lower the overall cost of electric mobility.

    These strategic policy changes would not only create a conducive environment for electric vehicle startups but also drive industry-wide growth, accelerate the transition to sustainable mobility, and help India meet its environmental goals.”

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    Cybersecurity Industry Growth

    Srinivas Shekar, Co-Founder and CEO of Pantherun Technologies highlighted a few key areas that the government should focus on to support startups and boost growth in cybersecurity:

    • Investing in AI-driven cybersecurity solutions can help tackle the growing threat of sophisticated cyberattacks.
    • Encouraging collaboration between public and private sectors and promoting innovation in homegrown technologies will also make a big difference.
    • Providing tax breaks for companies developing advanced cybersecurity tools and creating skill development programs to train cybersecurity professionals can strengthen the industry.
    • Expanding CERT-In’s resources and improving strategies to handle international cyber threats are equally important.

    These steps will create an environment where startups can innovate, grow, and contribute to building a safer digital future.

    Simplifying Fintech Regulations for Healthcare Financing

    Sahil Lakshmanan, Chief Business Officer of CarePal Money stated that to better support startups, the government could:

    • Simplify regulatory processes for fintech startups, particularly around healthcare financing and patient data security.
    • Incentivize partnerships between startups and public hospitals to ensure widespread access to innovative financial solutions.

    Logistics Industry Innovation and Growth

    Anshul Jain, Co-founder and CTO of Roadcast, highlighted the impact of government policies like the Startup India Seed Fund Scheme in supporting startups. To further drive growth in the logistics sector, he suggested several measures that the government could consider:

    • Tax Benefits for R&D: Offering tax credits or subsidies for startups investing in AI, IoT, and other innovative technologies would encourage more technological advancements in the logistics space. 
    • Improved Connectivity: Enhancing road, rail, and port connectivity would streamline supply chains, benefiting both logistics companies and customers. 
    • Green Logistics Policies: Financial incentives for adopting fuel-efficient and sustainable practices could help companies reduce their environmental footprint. 
    • Startup Tax Holidays: Extending tax holidays for early-stage startups would ease cash flow pressures and help businesses scale faster. 
    • Skill Development Programs: Launching initiatives to train workers in AI, IoT, and supply chain management would ensure a skilled workforce to support growth in the sector. 
    • Easier Access to Credit: Streamlining access to low-interest loans would provide logistics startups with the financial backing needed to expand and innovate.

    IT Sector Transformation and AI Product Development

    Neerja Kumar, Co-Founder and COO of Enalytix shared, “India’s IT sector has traditionally thrived on services, but in line with the Honourable Prime Minister’s Make in India vision, it is time to shift focus towards product development, particularly in emerging technologies like AI. To support this transformation, the government should introduce measures that foster innovation and global competitiveness in Indian IT products. Key initiatives could include creating a catalogue of Made-in-India products, particularly in AI, to enhance their visibility in international markets. Additionally, offering export incentives will encourage companies to scale their product offerings globally.”

    AI Adoption and Growth in Key Industries

    Animesh Samuel, Co-Founder and CEO of E42.ai emphasised that policies promoting AI adoption in sectors like BFSI, healthcare, and manufacturing can drive growth. Providing tax incentives for AI-led automation, establishing funding programs for R&D, and fostering public-private partnerships would encourage innovation. Support for enterprise automation platforms like E42 through government-backed AI centers could enhance accessibility for SMEs, enabling them to leverage advanced technologies without breaking the bank. Streamlining data compliance regulations for cloud-based and on-premises deployments can further ease AI implementation.

    Growth in Music-Tech Industry

    Gaurav Dagaonkar, Co-founder and CEO of Hoopr stated, “For music-tech startups like ours, initiatives that further simplify and strengthen intellectual property regulations, provide access to affordable capital, and incentivize innovation in areas like AI and music technology will be crucial. We need a policy framework that not only supports the growth of India’s INR 10,000 crore creator economy but also fosters responsible innovation and empowers creators to thrive.”

    ESOPs and Startup Growth

    Manish Panwar, Business Head at Xumane, suggested, “To better support startups and drive growth in the ESOP (Employee Stock Option Plan) and cap table management space in India, several changes or implementations in government policies could be considered:

    • Taxation Reforms for ESOPs
    • Incentivizing Investment in Startups
    • Supporting Employee Education and Awareness

    By implementing some of these changes, the government could create a more vibrant ecosystem where startups are incentivized to grow and reward their teams through ESOPs while also ensuring that both entrepreneurs and employees are well supported in managing their equity and wealth.”

    EdTech Industry and AI Integration

    Arpit Mittal, Founder and CEO of SpeakX, highlighted that the government has a unique opportunity to make technology a bridge, not a barrier. Policies that promote AI in education, like tax incentives for EdTech startups, could fuel innovation and bring personalized learning tools to underserved areas. Strengthening digital infrastructure—like affordable internet and devices for rural regions—is crucial. But it is not just about access; teachers also need support. Investment in training programs will ensure educators can use AI tools effectively in classrooms. Lastly, prioritizing data privacy regulations will build trust, so students and families feel secure using these platforms.

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    Personal Care Services Industry Support

    Reshbha Munjal, Co-Founder of KorinMi, said, “While many policies today aim to promote startups in India, the real impact lies in how easily they can be implemented. Whether it’s getting tax rebates or loan approvals, simplifying these processes would make them far more accessible and empower entrepreneurs to focus on innovating. When policy meets opportunity, startups can become the catalysts of the change we need.”

    Retail Industry Growth and Innovation

    Varun Tangri, Founder and CEO of QueueBuster, suggested that to support entrepreneurs and fuel growth, the government should prioritise infrastructure investments, particularly road networks, to improve connectivity and establish new retail hubs. Fast-tracking the National Retail Policy is critical for streamlining operations and providing a common foundation for business. Simplifying GST compliance, making finance more affordable, and encouraging tech usage would all help alleviate operational issues. Encouraging green retail activities through tax breaks or incentives would enhance sustainability. These steps will promote innovation, entrepreneurship, and a thriving startup environment, allowing enterprises to scale and contribute effectively to India’s economic growth.

    AI and Language Technology Industry Growth

    Tapan Barman, Co-founder and CEO of Mihup, emphasised the importance of dedicated support for AI and language technology startups, particularly those focused on multilingual AI and voice interfaces. He suggested several measures that the government could take to boost this sector:

    • Dedicated Support for AI and Language Technology: Establish grants and incentives specifically for startups working on multilingual AI and voice interfaces, recognizing the importance of these technologies for India’s diverse population.
    • Accessible Data Frameworks: Create secure, government-backed frameworks for startups to access anonymized datasets that represent India’s linguistic and phonetic diversity, which are critical for training voice AI systems.
    • Collaboration Initiatives: Facilitate partnerships between startups and public institutions, enabling real-world deployment of conversational intelligence platforms in sectors like healthcare, education, and public services.
    • Startup Tax Reforms: Provide tax relief for R&D-heavy startups and offer incentives for companies that are building indigenous AI solutions for global and local challenges.

    These measures, as highlighted by Barman, are key to supporting the growth of AI technologies in India.

    Plastic Recycling Industry and Policy Reform

    Rahul Nainani, CEO and Co-Founder of ReCircle, discussed the need for a balanced policy approach for plastic recycling that considers social justice, environmental preservation, and economic growth. He suggested that the government could support long-term growth in the industry through tax reforms and lower GST rates on recycled plastic products. Nainani said:

    “Higher taxes on the plastic industry could drive inflation, while technological innovation can help deliver better services and benefits to connected communities and the economy. For sustained industry growth, infrastructure support and digitization in plastics manufacturing are critical, as well as ensuring businesses comply with the government’s Extended Producer Responsibility (EPR) mandates under the Plastic Waste Management Rules of 2016.”

    He also highlighted that ClimaOne’s strategy of ethically recycled plastics aligns with these EPR regulations, which require producers to integrate 30% recycled content into their products by 2025, with the percentage increasing annually.

    Lubricant Industry Innovation and Growth

    Navkaran Singh Sethi, MD and Co-Founder of EnerG Lubricants, suggested that government policies could focus on several measures to support startups in the lubricant industry, including:

    To support startups in the lubricant industry, government policies could focus on:

    • R&D Tax Incentives: Offering tax breaks for innovation in high-performance additives and sustainability.
    • Access to Financing: Providing government-backed funding or low-interest loans to help startups scale.
    • Streamlined Regulations: Simplifying certification processes for meeting international standards and global market entry.
    • Technology Grants: Subsidizing startups adopting cutting-edge manufacturing technologies.
    • Workforce Development: Supporting educational and technical training programs to build a skilled workforce.

    These measures would drive innovation, accelerate growth, and help Indian startups become global leaders in the lubricant industry.

    Data Privacy and Ethics in Residential Tech

    San Banerjee, Co-Founder and CEO of ADDA, expressed concerns about unethical practices in the residential community tech industry, particularly regarding the misuse of data for advertising and other monetisation purposes. He emphasised the following points:

    • Data Privacy and Cybersecurity: Stricter guidelines around data privacy and ethics should be implemented to protect the interests of apartment owners and residents who use these platforms. ADDA’s model remains ad-free, and spam-free, and ensures zero risk for users.
    • Supporting Ethical Solutions: Policies that promote ethical practices would encourage serious solution providers to enter the market, fostering a safer and more reliable environment for users.

    Apparel Sourcing Industry Growth

    Abhishek Dua, CEO and Co-Founder of Showroom B2B, shared that to support startups and drive growth in the apparel sourcing industry, the government should focus on streamlining compliance regulations, making it easier for small manufacturers to join organised supply chains. Expanding affordable financing, such as low-interest loans, would help startups scale and manufacturers upgrade technology. Investments in logistics and infrastructure, like transportation and warehousing, would enhance supply chain efficiency. Grants for sustainable practices would encourage eco-friendly operations, aligning with global standards.

    Additionally, export incentives for startups working with compliant manufacturers could boost international competitiveness, while skill development programs focused on technology, compliance, and quality standards would uplift manufacturers, fostering a more efficient and scalable ecosystem.

    Workforce Development and Job Creation

    Nilesh Dungarwal, Co-founder and CEO of WorkIndia highlighted that policies like SEZ expansions can create jobs and incentivize the development of new capabilities. He believes that the government’s focus on upskilling and job creation is crucial. According to Nilesh:

    “Young people in India have a lot of potential, but to match talent with industry demands, focused skill development programs are required. By prioritizing entrepreneurship, workforce readiness, and a robust startup ecosystem, the government can unlock innovation, accelerate growth, and create sustainable opportunities across sectors, driving long-term economic transformation.”

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  • National Technology Day: Experts Share Insights on Technology Trends and Innovations

    National Technology Day is celebrated on May 11th as an occasion to honor Indian scientists, engineers, and technologists. It’s a time to recognise the endless possibilities technology offers and ensure responsible innovation.

    Nowadays, with AI being the talk of the town, or better to say, the talk of the world, many companies are emerging to explore and utilise its capabilities.

    At StartupTalky, we value connecting with experts to understand the evolving world of technology. In this article, we share quotes from visionary experts on topics like automation’s impact on jobs, managing technology advancements responsibly, staying updated, and hiring skilled tech experts.

    Let’s now explore the valuable insights shared by the experts and see what we can learn from them.

    Mr. Harshit Jain MD, Founder & Global CEO, Doceree

    Harshit Jain MD, Founder & Global CEO, Doceree
    Harshit Jain MD, Founder & Global CEO, Doceree

    Like other industries, the Indian healthcare sector is rapidly embracing technology, marking a new era of innovation. From personalized medicine and triggered messaging to virtual consultations and smart devices, technology is revolutionizing healthcare access, bridging affordability and information gaps, and promoting health equity, unprecedently.

    Data-driven insights too are becoming increasingly crucial for real-time patient care and drug development. A genuine applaud would go to the Govt. of India for introducing Ayushman Bharat Health Account (ABHA), that is seeking to enhance healthcare access, relieve financial burdens on vulnerable groups, and improve overall healthcare quality—all with technology and data-driven methods.

    “Evidently, the road for innovation and improvement in healthcare goes a long way with such progressive nationwide initiatives. Looking ahead, with technology soon becoming integral to reducing healthcare costs and aiding healthcare professionals in informed decision-making, innovations like Artificial Intelligence (AI) are poised to drive sustainable growth and transformative solutions in the industry,”  said Jain.

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    Mr. Sanjay Kalirona, CEO, Gizmore

    Sanjay Kalirone, CEO, Gizmore
    Sanjay Kalirone, CEO, Gizmore

    Here are the insights shared by Mr. Sanjay Kalirona on different aspects of technological advancements.

    Impact of Automation on the Workforce

    Automation has had a significant impact on the workforce, especially in industries that rely on repetitive tasks. Advanced machines and software systems can perform these tasks with greater efficiency, replacing human workers. Although it reduces costs and boosts productivity, it can cause job displacement and economic inequality.

    However, automation also creates opportunities for workers to upskill and transition to higher-skilled roles that require creativity and problem-solving. It must be ensured that all workers have the necessary skills and resources to thrive in this changing landscape.

    Addressing the Negative Consequences of Technological Advancement

    Technology advancements have provided countless benefits, but they have also had negative implications such as privacy concerns, environmental damage, and employment displacement. To mitigate these, people must be educated on the risks and promote responsible usage. Governments should enforce regulations on safety standards and transparency. Ethical implications and balance gains with individual rights must be considered.

    Companies must design products sustainably, with safety in mind and ethical decision-making throughout. Lastly, collaboration between stakeholders is key to ensuring technology benefits everyone.

    Staying Up-to-Date on the Latest Advancements in Technology

    “Technological advances help businesses and individuals remain competitive in their respective domains. By utilizing cutting-edge tactics, strategies, and technologies, companies can dramatically enhance their consumer’s product user experiences. A great example is our feature-rich yet affordable smartwatches that feature a comprehensive health suite as well as the latest wearable tech, such as an AMOLED display and a heart rate sensor, allowing a more comprehensive smartwatch experience,” says Mr. Sanjay.

    Keeping up with technology also fosters innovation by providing access to new ideas, concepts, and approaches that can inspire new and improved ways of doing things. It can increase productivity and efficiency, saving time and resources. The overall impacts can be monumental.

    Identifying and Recruiting Skilled Individuals With Expertise in Advanced Technologies

    Companies can use online networks and job boards such as LinkedIn, Indeed, and Glassdoor to acquire qualified individuals with knowledge of cutting-edge technologies. After precisely identifying skill sets for open roles, organizations can also hold events such as job fairs or hackathons.

    Offering competitive pay packages and collaborating with universities and educational institutions can also aid in attracting and retaining top personnel.

    Mr. Ankur Singh, CEO and Founder, Witzeal Technologies

    Ankur Singh, Founder and CEO, Witzeal Technologies
    Ankur Singh, Founder and CEO, Witzeal Technologies

    Here are the quotes shared by Mr. Ankur Singh based on the themes of the article:

    Impact of Automation on the Workforce

    “Technology has been acting as an enabler for so many years and it continues to do so. The role of technology is now enhanced, and every corporate is looking forward to bringing in efficiency and cost-benefit. In a way, yes, it has impacted some segments of the workforce but definitely, the introduction of automation has not impacted a large amount of the workforce. The impacted segment has at many times reskilled or is being utilized in other areas to further negate the adverse impact, if any. However, the benefits of using automation in many areas have reflected positive results over a period of time.”

    Addressing the Negative Consequences of Technological Advancement

    “First and foremost is identifying and scoping out the exact needs and the problem at hand for which we are looking for a solution. If the solution lies in technology, then to what extent it would be required and how it has to be implemented is the primary aspect of controlling the negative consequences.

    Secondly, it is important to understand the benefits that may accrue to the corporate in the medium and long term and whether it would impact any segment of the workforce. It is important that the workforce is aligned/reskilled to ensure the hat impact is not sudden and it does not create confusion or incorrect image building of the corporate.

    Lastly, one should ensure that technology is only to aid in efficiency, economies of scale etc but it cannot replace human talent and therefore, too much embracement of technology without appropriate thought processes would be over-killing the problem required.”

    Staying Up-to-Date on the Latest Advancements in Technology

    “In today’s fast-paced world, technology is advancing at a breakneck pace, and it’s more critical than ever for both employees and employers to stay current with the latest advancements. For employees, staying relevant and updated with the latest technology brings in effectiveness, and efficiency and at the same time improve their skillset, and advance in their careers. Employers who provide their employees with training and resources to keep up with technological advancements can create a more engaged and loyal workforce. For employers, staying up to date with technology can help them streamline processes, reduce costs, and improve the customer experience. In today’s digital age, it is important to keep pace with technological progress to seize opportunities and march ahead to make the company the best place to work.”

    Identifying and Recruiting Skilled Individuals With Expertise in Advanced Technologies

    “Hiring in technology has definitely been challenging since the covid times. Getting the right skill is time and cost-consuming. We would look for logical understanding, dedication, or commitment aspects in the candidate. We believe that if there are attributable skills that in the long run would make the candidate a high performer are these skill sets. The usage of technology is the second phase in identifying if the candidate is good at the particular technology. For these purposes, conducting some basic tests, interviews, and in particular reasoning abilities will enable decision-making,” says Mr. Ankur.

    Mr. Pawan Kumar, CEO, Elista

    Pawan Kumar, CEO, Elista
    Pawan Kumar, CEO, Elista

    Here are the insights shared by Mr. Pawan Kumar on National Technology Day.

    Impact of Automation on the Workforce

    The rise of automation will have significant implications for the future of the workforce. While it brings accuracy, precision, and efficiency to the processes, it will also replace people opposed to automation with people trained for it. Automation is here to stay and be more advanced with time. Investing in reskilling and upskilling the workforce for the new jobs created by automation is essential.

    Addressing the Negative Consequences of Technological Advancement

    Technological advancement has brought numerous benefits to society. However, as everything has a flip side, it has also given rise to negative consequences such as job displacement, privacy concerns, and environmental impact.

    To start with, governments can regulate the development and use of technology to ensure that it does not cause harm to society. It can include laws requiring companies to adhere to specific safety standards, protect user privacy, or limit the use of certain technologies with negative consequences.

    Educating the public about the potential negative consequences of technological advancement and how they can protect themselves is also essential. It can include educating people about data privacy and security, responsible use of social media, and the environmental impact of technology.

    Staying Up-to-Date on the Latest Advancements in Technology

    To stay up-to-date on the latest technological advancements, individuals and organizations should continue to invest in research and development to stay ahead of the curve. Staying informed about the industry and global tech trends can help anticipate new technologies and adapt accordingly.

    For instance, engaging with stakeholders like end consumers can provide valuable insights into their needs and preferences, informing the development of new technologies and products.

    Identifying and Recruiting Skilled Individuals With Expertise in Advanced Technologies

    To identify and recruit skilled individuals with expertise in cutting-edge technologies, organizations should clearly define skill sets for all jobs and work towards developing a strong employer brand.

    It is helpful to leverage professional networks such as LinkedIn, industry associations, and conferences to identify skilled individuals in cutting-edge technologies. These networks provide access to a talent pool with specific skills and expertise.

    Most importantly, companies should offer competitive compensation, benefits, and growth opportunities to attract and retain skilled talent.

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    Mr. Vikram Ahuja, MD ANSR and CEO & Co-Founder, Talent500

    Vikram Ahuja, Managing Director ANSR and CEO & Co-Founder, Talent500
    Vikram Ahuja, Managing Director ANSR and CEO & Co-Founder, Talent500

    Here are the insights shared by Vikram Ahuja regarding the impact of automation on the workforce, recruiting skilled individuals, and staying up-to-date with the latest technological advancements.

    Impact of Automation on the Workforce

    Automation can have a positive impact on the workforce in several ways. It can increase productivity, improve safety, reduce costs, enhance job satisfaction, and create new job opportunities. By automating routine tasks, workers can focus on more complex and strategic tasks, which can lead to increased efficiency and creativity. However, the impact of automation on the workforce is not evenly distributed and can lead to job displacement and changes in job requirements. It will be important to invest in education and retraining programs to help workers adapt to these changes and remain competitive in the job market.

    Identifying and Recruiting Skilled Individuals With Expertise in Advanced Technologies

    Structural issues suggest talent demand-supply for cutting-edge technologies will remain globally imbalanced in the near term. Although organizations are resorting to compensation corrections, bonuses, and flexible working location options, more creative measures are needed to attract top talent. Organizations will need to make intentional efforts to address talent-related challenges. They may transform in a variety of ways, including continuously investing in employees’ reskilling- upskilling, improving employer brand and workplace culture, looking at alternative talent sources (tier- 2/3 locations, acqui-hiring, partnering with academia, etc.), making employee referrals attractive, or creating programs to promote diversity, equity, and inclusion. In perspective, there is no unique strategy that can help companies win the war for top tech talent, rather it requires a mix of different tactics to identify and recruit skilled individuals.

    According to a recent survey by ANSR, 65% of the leaders believe that providing a clear career path and growth opportunities is the best way to attract and retain talent. 55% of them have an increased focus on Employer Brand as a strategy to attract the best tech talent.

    Staying Up-to-Date on the Latest Advancements in Technology

    To stay up to date on the latest advancements in technology, individuals can attend industry events and conferences, follow industry leaders and experts on social media, join professional associations, read industry publications and blogs, and take online courses and training programs. These strategies provide access to industry-specific resources, education opportunities, and networking with peers and experts. By staying informed and knowledgeable about the latest trends and technologies, individuals can remain competitive in their careers and contribute to their organization’s success.

    Mr. Gautam Raj Anand, Founder, Hubhopper

    Gautam Raj Anand, Founder, Hubhopper
    Gautam Raj Anand, Founder, Hubhopper

    Here is Mr. Gautam’s take on staying up-to-date on the latest technological advancements and identifying and recruiting skilled individuals with expertise in cutting-edge technologies.

    Identifying and Recruiting Skilled Individuals With Expertise in Advanced Technologies

    Identifying and recruiting skilled individuals with expertise in cutting-edge technologies can be a challenging task, but with the right approach, the chances of success are high. One should clearly define the specific cutting-edge technologies and skills s/he is looking for. This will help in narrowing down the search process and finding the right candidates. In podcasting, determining the specific technologies and skills may include audio editing, sound engineering, equipment handling, podcast hosting, content distribution, and analytics.

    Before recruiting skilled individuals with expertise in cutting-edge technologies, one should always explore online communities, forums, and social media groups dedicated to podcasting and look for platforms like Reddit, Facebook groups, and specialized forums where podcasters and audio professionals gather. These communities can provide valuable insights, connections, and potential candidates. One should always remember to tailor their recruitment strategies to the unique requirements and challenges of podcasting technologies. There is an imperative need to stay informed about the latest trends, platforms, and tools in the industry to attract skilled individuals who can contribute to any podcasting endeavors.

    Staying Up-to-Date on the Latest Advancements in Technology

    “Speaking about technological advancements, we focus more on digital audio technology, which can be considered an extremely exciting space to be looking at. The primary reason is that it lowers the barrier of creation across a whole range of creators like writers and book publishers,” says Mr. Gautam.

    Today, through voice synthesis, podcasters can record one chapter of a book while the rest of the book automatically gets processed utilizing the sample of that voice. Another major implementation of advanced technology is AI-based voice assistance/tech. It can be safely stated that this space is going to grow exceptionally fast in the next 3-4 years, given the rise in audio consumption and audio creation. However, while a lot of fundamentals of the technology are strong, there are also certain drawbacks in the technology at the present time, which results in the error rate, which is fairly high.

    Mr.Trishneet Arora, CEO and Founder, TAC Security

    Trishneet Arora, CEO and Founder, TAC Security
    Trishneet Arora, CEO and Founder, TAC Security

    Here are insights from Trishneet Arora on how to mitigate the negative consequences of technological advancement.

    In today’s world, technology is advancing at an unprecedented pace, bringing with it a host of benefits and challenges. While technological advancements have brought significant improvements to our lives, they have also resulted in negative consequences such as privacy breaches, cyber-attacks, and the spread of fake news.

    We at TAC Security, advocate for a culture of responsible innovation to mitigate the negative consequences of technology advancement. This requires individuals and organizations to proactively identify potential risks and ethical considerations associated with any new technology and take steps to address them. The importance of education and awareness-raising initiatives to foster this culture and ensure that new technologies are developed in an ethical and responsible manner, says Trishneet.

    The development of artificial intelligence and machine learning technologies raises significant ethical concerns, including the potential for these technologies to perpetuate existing biases and discrimination. A culture of responsible innovation can help address these concerns by prioritizing ethical considerations and proactive risk mitigation.

    In conclusion, a culture of responsible innovation is essential for creating a sustainable and positive future for technology.

    Mr. JP Mishra, Country Manager India- Newland AIDC

    JP Mishra, Country Manager India, Newland AIDC
    JP Mishra, Country Manager India, Newland AIDC

    Here are JP Mishra’s views regarding the Impact of Automation on the Workforce for National Technology Day.

    As automation and artificial intelligence continue to advance, there is growing concern about how these technologies will impact the workforce. Automation has made a significant impact on the workforce, both positive and negative. On the one hand, automation has led to increased productivity, efficiency, improved quality, and safety in many industries, allowing companies to produce more goods and services with fewer workforce.

    Automation has led to job losses in certain sectors, such as manufacturing and assembly line work. On the other hand, automation has also created new job opportunities in fields such as technology, data science, analytics, and robotics. Additionally, it has led to the development of new industries and businesses.

    The overall impact of automation is complex and varies by industry, job type, and location. In general, jobs that involve repetitive tasks or can be easily replaced by machines are more at risk, while jobs that require human skills such as creativity, problem-solving, and social interaction are less likely to be automated.

    Automation also creates as many jobs as it destroys over time. Workers who can work with machines are more productive than those without them; this reduces both the costs and prices of goods and services and raise consumers’ living standards.

    In the short term, the impact of automation may be low for workers of all education levels, but in the long run, the estimates show that those with lower education levels could be much more vulnerable to being displaced by machines.

    “Government and Corporates need to work together to help people to adjust to these new technologies through retraining and career changes. A culture of adaptability and lifelong learning will be crucial for spreading the benefits of AI & robotics, especially with an aging population. STEM skills will be important for the workforce to take high-technology jobs that will arise out of AI & automation, said Mishra.”

    Mr. OmPrakash Muppirala, Head of Fountain India

    OmPrakash Muppirala, Head of Fountain India
    OmPrakash Muppirala, Head of Fountain India

    Here’s a quote from Mr. OmPrakash Muppirala, Head of Fountain India, on the Impact of Automation on the Workforce for National Technology Day.

    “Automation is the foundation for a faster, more efficient, and productive workforce. One area where automation has proven to be particularly impactful is in hiring and recruitment. Adopting automation speeds up decision-making, leading to a more efficient and streamlined candidate experience. Moreover, automation technologies, like AI, offer extensive benefits such as long-term cost savings, increased hiring speed, and enhanced visibility and insights. It’s essential to acknowledge the significance of automation in the hiring process and start exploring ways to implement it for better operational efficiency. The future of hiring has arrived, and it’s time to start leveraging automation to reap its benefits.”

    Conclusion

    National Technology Day gives us a chance to reflect and consider the amazing advances technology has made in our lives. It’s clear technology shapes our world profoundly. Insights from experts above show how it impacts businesses, healthcare, recruitment, and more. Let’s celebrate innovation responsibly, using technology for our collective good. Here’s to a future full of opportunities and advancements benefitting everyone.

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