New Innovation in IT Industry

 

Covid-19 will probably go down in history not only as a large health and economic crisis but also as a driver for digitalization and innovation in fields ranging from healthcare to manufacturing. In fact, it is dichotomic that a colossal global crisis like this creates a far more stimulating environment for change than economically stable times. And the extent to which people have been uniting around the pandemic and seeking new solutions are a vivid manifestation of this. While startups are trying to find their place under the sun amidst the Corona-ridden world, incumbents are also engaged in exploring new windows of opportunities.

There is a paradigm shift in the IT service Industry to be more innovation-driven. With the growth of digital technology and increased competition, IT Services companies can longer profit by providing cheaper, faster services. While the growth of the technology service sector has been consistent and significant, it has never been at a helm of gaining any meaningful attention. This is primarily because the key differentiator for IT Services has always been underscored by a single promise - “cheaper and faster”. This led to the industrialization of the entire technology services market to create a new age of blue-collar jobs and industrialization for the service providers who have traditionally made profits from large transformational programme implementation and support providing extremely long-term lock-in for the customer and the clients. With the emergence of digital technology, technology majors including IBM, Accenture, TCS, Wipro, Infosys, Globsyn etc have shifted to training and upskilling new staff. But the entire business model and engagement model with the customer has not essentially changed. Millennials have transformed the business thought process and the way business models work. IT service providers have moved to an “As-a-Service” model for software, infrastructure, and execution. Technology is changing fast. Tech startups can be born anywhere with access to the right talent, capital, regulatory support, and free markets.

Bikram Dasgupta Foundation Kolkata through BDG Angels has been a torchbearer in Young Leaders Startup Mentoring in Kolkata. BDG Angels has successfully developed an angel funding network for tech start ups and helps in Youth Channelization Kolkata. Global IT leader Bikram Dasgupta has been the foremost Angel Investor in Kolkata and brought in several Angel Investment Opportunities in Kolkata and elsewhere through Bikram Dasgupta Foundation’s BDG Angels. IT service-based organizations now have to focus on re-innovating the business model to support innovation, i.e., cloud, cognitive computing, Internet of Things (IoT) and everything as a service to provide the requisite competitive edge for the companies, develop products and solutions for the segment of the customers to address the pain points of the customers, groom significant talent who can leverage new technology and innovate. The future of technology services would be focused on either providing a customized differentiator for the customer or provide innovative solutions for the existing problems. This is where Angel Investment Opportunities in Kolkata will play an important role and organisations like  Bikram Dasgupta Foundation will keep inspiring the youth through Young Leaders Startup Mentoring.

Mr Dasgupta with his 30-plus years of experience as an IT entrepreneur has his eagle-eyed vision fixed on these technological developments. He has always felt an inner urge to do something for the youths of India and through BDG Angels has already Angel funded more than 35 companies many of which have turned to successful companies today. He has opened up Angel Investment Opportunities in Kolkata and helped in Youth Channelization.

Last year was replete with technological innovations that are capable of plotting a direction for the development of the entire industry for 2020 and subsequent years. The AI-operated robotic hand Dactyl that solves Rubik’s cube with one hand, the BERT, an advanced voice assistant, that launched a rocket into natural language understanding, smart watches with electrocardiogram sensors embedded – all these 2019 innovations allow us to suggest that the era of digital dystopia is just around the corner. With the tech industry becoming more advanced, cyber threats are expected to be complex and far-reaching. Apart from lightning-fast Internet speed that makes it possible to stream video and music at high quality, it will enable the development of miscellaneous innovations such as Artificial Intelligence, Virtual Reality, IoT, Augmented Reality. Moreover, it will establish the basis for autonomous vehicles and smart cities.

With the rise in the number of startups, availability of resources to smoothly sail the startup ship, Indian ecosystem is growing like never before. Angel Investment Opportunities in Kolkata is on the rise. Bikram Dasgupta Foundation Kolkata has a very clear vision about the latest trends in technology and how it plays and will continue to play a disruptive role in how we interact with the world, produce products or services, transact and drive efficiencies. He had sown the seeds of IT revolution in India long before anyone had even dreamt of it. With the creation of the concept of Intelligent Buildings, he had defined way back in 1996, that ‘Offshore’ Software development was the future. With his foresight and experience, Mr Dasgupta aims to train and nurture Young Leaders Startup Mentoring through Bikram Dasgupta Foundation’s hand maiden, BDG Angels. This venture focuses on nurturing and mentoring young entrepreneurs and also invest in promoting innovative start-up companies.

The industry is witnessing the emergence of a slew of first-time entrepreneurs with no family history of business enterprise. As a first-generation entrepreneur himself, Mr Dasgupta felt the need to create an ecosystem that nurtures and mentors such entrepreneurs. Towards that end he set up BDG Angels investment fund with an initial corpus of Rupees 10 crores to help young entrepreneurs and start-ups add much needed traction to their vision, growth plans while accelerating growth. This has taken Angel Investment Opportunities in Kolkata to a different level. Bikram Dasgupta Foundation Kolkata through BDG Angels invests both actively and passively during various phases of a startup’s life cycle, those that are innovative, technology-driven, product or service and are looking for investors.

Bikram Dasgupta is part of the prestigious IAN Fund and Indian Angel Network and joins the league of global investors, blending knowledge and investment through BDG Angels. He is indeed a leader, who is way ahead of the present day IT revolution in India and Young Leaders Startup Mentoring and Youth Channelization in Kolkata. He has done it far before any other player on the scene had ventured.