Tech, threats, territories - navigating industry growth in the new world order

As I step into my role as president of Nasscom, I view the next five years as a critical period, shaped by the intersection of three forces: Technology, threats, and territories.

- RAJESH NAMBIAR

A few months ago, Nvidia introduced Earth-2, an AI-powered "digital twin", designed to tackle the challenge of predicting extreme weather. Powered by FourCastNet, it uses terabytes of Earth system data to predict weather two weeks ahead, thousands of times faster, and more accurately than current methods.

Innovations like this have the potential to reshape science, accelerating breakthroughs that could otherwise take decades. For example, scientists at McMaster University and MIT recently used artificial intelligence (AI) to identify a new antibiotic to combat one of the WHO's most dangerous antibiotic-resistant bacteria, while Google DeepMind is leveraging AI to control plasma in nuclear fusion, edging us closer to clean energy.

Thanks to Moore's Law, what began in 1965 with just 64 transistors on a chip has exploded into over 50 billion transistors on a fingernail-sized chip today. This leap in computing power continues to propel innovation forward, leaving us to wonder what the next fifty years will hold. Yet, as technology opens new doors, it also brings challenges that require careful management. The future of business and economic growth depends on our ability to harness these opportunities while mitigating the risks.

The age of disruptive technologies We are in a time where technology is radically transforming industries. AI, cloud computing, and quantum technologies are reshaping how businesses operate and deliver value. At the centre of this transformation is India, rapidly emerging as a global leader in software, engineering, and innovation. For instance, about 75 per cent of Nvidia H100 GPUs at Yotta Data Services are used by companies abroad, while Fractal has developed Vaidya.ai, India's first multimodal medical LLM, capable of diagnosing and advising in multiple languages.