India has made significant progress in the digital public infrastructure (DPI) space. What is the best way to unlock the value of the various platforms?
India has proved to the world that it is second to none in adopting technology and innovating around it. The pandemic highlighted the need for a robust digital public infrastructure (DPI). In particular, the pandemic proved the value of digital systems that were already in use, had basic but flexible functions, and could be applied to the pandemic response effort and other common challenges.
These digital public infrastructure (DPI) systems included digital identification, payments, and data exchanges. None of them were developed with the pandemic in mind, but they became critical enablers of public health, social protection, and economic responses by the government, businesses, organisations, and individuals.
When we began this journey 12 years back with the creation of Digital Identity for every individual, our aim was to provide individuals a method to authenticate their identity in an efficient manner. At the moment, it is biometric and OTP-based, but we are moving towards facial authentication.
Back then, this project was ahead of its time, and today it has become central to various processes such as banking etc. One way of looking at it is a plug and play model – this authentication can be used across various sectors to ease processes. Similarly, for UPI, we thought about the fact that digital interactions might require transactions. And, hence the UPI, which allows digital transactions remotely and securely.
هذه القصة مأخوذة من طبعة July 16, 2022 من Businessworld India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 16, 2022 من Businessworld India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
