COVER STORY
Denouncing technology is not the answer to the challenges it poses
January 01, 2024
january-01-2024
Outlook Business Magazine - January 01, 2024
The Indian IT industry is boldly confronting the generative AI challenge, arming its workforce with cutting-edge training and delving into clients’ needs. Yet, in the ever-competitive realm of emerging technologies, even as it stands resolute and fully committed to mastering the intricacies of the AI landscape, some firms may find themselves at risk of falling behind
Presenting Tiger Tyagarajan, president and outgoing CEO, Genpact, in a passionate defence of the Indian IT sector as it braces itself for an epoch-changing tech disruption. He compares GenAI innovations to the invention of steam engine. Edited excerpts:
The critical question to ask is not about jobs overall but whether Indian IT can retain its relevance by investing aggressively in AI and its application to service delivery or will it miss the turn that will cost us a lot of jobs
We, as humans, are not mere bystanders in the progression of AI. The decisions we make—both individually and together—will profoundly shape the trajectory of AI and, in turn, define our own future
Former RBI governor and economist Raghuram Rajan has been vocal about his ideas on policy matters in India. His latest book Breaking the Mould, co-authored with economist Rohit Lamba, is a deep dive into finer issues of the economy, including welfare schemes, job crisis, misplaced priorities of the government and much more. In an interview, Rajan demystifies the current narrative of growth in the country and why manufacturing-led growth might not be the best solution at hand. Edited excerpts:
While the first few months of 2023 saw nothing going right for the Adani Group, market watchers do not see much going wrong for the 35-year-old group as it enters the New Year
There was a lot of hype around the growth potential of new age brands like Zomato, Paytm and Nykaa at the time of launch of their initial public offerings two to three years ago, but the poor show of these IPOs at the bourses reflected the sentiments of increasingly cautious investors who prefer to bet on the strong fundamentals of legacy companies
India has offered to host the 33rd edition of the UN’s Conference of the Parties in 2028. To drive global agenda on climate action as the COP host, it will have to prepare itself to go beyond climate justice advocacy and come up with viable solutions where the interests of developing nations can be balanced with those of the planet
India, the fourth-largest emitter of methane, has so far refrained from making any commitment at the global level to reduce emission of the greenhouse gas
Election years usually bring in volatility in the market. Vijay Chandok, managing director and CEO of ICICI Securities, talks about opportunities and challenges in 2024 for the stock market. Edited excerpts:
The rising popularity of podcasting has made India the third largest listening market in the world. Considered still in its infancy, the Indian podcast industry is drawing attention from brands and has created its own set of influencers who are as popular as they get
The rising number and scale of literature festivals in the country shows that while they may or may not make great business, their popularity is unmistakable
The campaign for non-alcoholic beverage Pepsi is a major highlight of ad film director Prahlad Kakar’s extensive portfolio. However, while things took off to a great start, they did not quite end well. In his memoir, Kakar gets candid about his relation with the brand, from having an exciting collaboration that was instrumental in the brand’s rise in India to eventually parting ways over difference of creative opinions
Juan Pablo Rodriguez, the chief executive officer of Hindustan Coca-Cola Beverages, aims to do his best each day and believes in enjoying the present to the fullest without worrying excessively about the future
Sanjeev Barnwal loves beaches. They offer the perfect backdrop for a serene vacation, he feels
Denouncing technology is not the answer to the challenges it poses
The Indian IT industry is boldly confronting the generative AI challenge, arming its workforce with cutting-edge training and delving into clients’ needs. Yet, in the ever-competitive realm of emerging technologies, even as it stands resolute and fully committed to mastering the intricacies of the AI landscape, some firms may find themselves at risk of falling behind
Presenting Tiger Tyagarajan, president and outgoing CEO, Genpact, in a passionate defence of the Indian IT sector as it braces itself for an epoch-changing tech disruption. He compares GenAI innovations to the invention of steam engine. Edited excerpts:
The critical question to ask is not about jobs overall but whether Indian IT can retain its relevance by investing aggressively in AI and its application to service delivery or will it miss the turn that will cost us a lot of jobs
We, as humans, are not mere bystanders in the progression of AI. The decisions we make—both individually and together—will profoundly shape the trajectory of AI and, in turn, define our own future
Former RBI governor and economist Raghuram Rajan has been vocal about his ideas on policy matters in India. His latest book Breaking the Mould, co-authored with economist Rohit Lamba, is a deep dive into finer issues of the economy, including welfare schemes, job crisis, misplaced priorities of the government and much more. In an interview, Rajan demystifies the current narrative of growth in the country and why manufacturing-led growth might not be the best solution at hand. Edited excerpts:
While the first few months of 2023 saw nothing going right for the Adani Group, market watchers do not see much going wrong for the 35-year-old group as it enters the New Year
There was a lot of hype around the growth potential of new age brands like Zomato, Paytm and Nykaa at the time of launch of their initial public offerings two to three years ago, but the poor show of these IPOs at the bourses reflected the sentiments of increasingly cautious investors who prefer to bet on the strong fundamentals of legacy companies
India has offered to host the 33rd edition of the UN’s Conference of the Parties in 2028. To drive global agenda on climate action as the COP host, it will have to prepare itself to go beyond climate justice advocacy and come up with viable solutions where the interests of developing nations can be balanced with those of the planet
India, the fourth-largest emitter of methane, has so far refrained from making any commitment at the global level to reduce emission of the greenhouse gas
Election years usually bring in volatility in the market. Vijay Chandok, managing director and CEO of ICICI Securities, talks about opportunities and challenges in 2024 for the stock market. Edited excerpts:
The rising popularity of podcasting has made India the third largest listening market in the world. Considered still in its infancy, the Indian podcast industry is drawing attention from brands and has created its own set of influencers who are as popular as they get
The rising number and scale of literature festivals in the country shows that while they may or may not make great business, their popularity is unmistakable
The campaign for non-alcoholic beverage Pepsi is a major highlight of ad film director Prahlad Kakar’s extensive portfolio. However, while things took off to a great start, they did not quite end well. In his memoir, Kakar gets candid about his relation with the brand, from having an exciting collaboration that was instrumental in the brand’s rise in India to eventually parting ways over difference of creative opinions
Juan Pablo Rodriguez, the chief executive officer of Hindustan Coca-Cola Beverages, aims to do his best each day and believes in enjoying the present to the fullest without worrying excessively about the future
Sanjeev Barnwal loves beaches. They offer the perfect backdrop for a serene vacation, he feels