AI is a massive opportunity, says Nasscom's chair Srikanth Velamakanni - Business Standard
Summary
Nasscom has appointed Srikanth Velamakanni, cofounder and group chief executive of Fractal, as its new chairperson. Velamakanni identifies geopolitical uncertainties as the primary challenge facing the Indian and global tech industry, noting that these external factors often delay decision-making. Despite these challenges, he views artificial intelligence (AI) as a significant opportunity, positioning it as both a disruptor and a growth driver for the sector. His tenure begins amidst a hiring slowdown, increasing compute costs, and general global uncertainty, all of which are currently influencing India's technology landscape. Velamakanni's priorities and Nasscom's role will focus on navigating these complexities while leveraging AI's potential.
Key takeaway
For CTOs and executives navigating global market volatility, recognize that while geopolitical factors can delay strategic decisions, AI remains a critical area for investment and innovation. Prioritize exploring AI applications to drive growth and disruption within your organization, rather than solely focusing on cost containment during uncertain periods. Your proactive engagement with AI can mitigate external risks.
Key insights
Geopolitical uncertainty delays tech decisions, yet AI presents a massive opportunity for growth and disruption.
Principles
- Challenges can be opportunities.
- Geopolitical factors impact decision-making.
Topics
- Nasscom
- Srikanth Velamakanni
- Artificial Intelligence
- Tech Sector Challenges
- Geopolitical Uncertainties
Best for: Executive, CTO, Consultant
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Editorial summary, takeaway, and curation by AIssential. Original article published by artifical intelligence via Google News.