Machine Learning, Blockchains And Genetic Engineering – The Three Next Big Things

One of the persistent concerns about Indian innovation is whether, with our relatively poor position in R & D, we are falling behind the curve. It has definitely been true in the information technology sector: Indian companies that have done well have done so, not based on technological breakthroughs but on offering low-cost engineering services. That’s cost arbitrage, not R & D. There’s nothing wrong with cost arbitrage, of course, and several globally competitive Indian companies have made fortunes for thousands of employees. But if you look at the landscape of Indian ‘unicorns’, there is little that is not a replication of already-proven business models. That is, business innovation, rather than technological innovation. Examples like Zomato, Flipkart, and OlaCabs come to mind. That is sustainable for a while, and indeed,…


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