AgenciesMUMBAI: At the Microsoft Future Decoded Summit in Mumbai on Monday, Microsoft CEO, Satya Nadella said that for Indian companies, building their own technology capability will be the most defining capability in the next decade. Nadella is on a three-day visit to India.
“The most interesting and important consideration is you have to build your own tech capability,” he said. “Whenever I speak to CEOs in other industries, I always say you will never be cool by association. Just because you do a press release with us you are not going to be cool. You have to build your own tech capability – will be one of the most defining things in the next decade.”
Nadella also said that 72% of jobs for software engineers in India are currently outside of the technology industry.
In the last ten years the impact of the mobile revolution and consumer internet were big but narrow, according to him. Speaking about the success of the aggregator business model built by Indian startups he said, “The business model that was most successful was the aggregator business model.”
Technology enablement should be broader in the coming decade he said, “If there’s one criticism I would say it is pretty narrow. Consumer economy is important but its not the only economy. The profit derived from the progress was even more limited. When you look at the next ten years we need broader productivity, broader cross sectoral impact of digital technology.”
Addressing a hall full of industry leaders Nadella said that inclusive economic growth is a key consideration while building technology capability, and it was important for businesses to consider trust in technology especially in areas like privacy, ethics around AI and cyber (security).
He said that 54% of those employed today will have to go through skilling by 2022. LinkedIn is seeing within India with clients like Novartis India, Genpact and Sterlite Power using the social-business platform for many use cases like learning, recruiting and marketing, “The broad sectoral use of LinkedIn is very encouraging to see”, he said.
“The most interesting and important consideration is you have to build your own tech capability,” he said. “Whenever I speak to CEOs in other industries, I always say you will never be cool by association. Just because you do a press release with us you are not going to be cool. You have to build your own tech capability – will be one of the most defining things in the next decade.”
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In the last ten years the impact of the mobile revolution and consumer internet were big but narrow, according to him. Speaking about the success of the aggregator business model built by Indian startups he said, “The business model that was most successful was the aggregator business model.”
Technology enablement should be broader in the coming decade he said, “If there’s one criticism I would say it is pretty narrow. Consumer economy is important but its not the only economy. The profit derived from the progress was even more limited. When you look at the next ten years we need broader productivity, broader cross sectoral impact of digital technology.”
Addressing a hall full of industry leaders Nadella said that inclusive economic growth is a key consideration while building technology capability, and it was important for businesses to consider trust in technology especially in areas like privacy, ethics around AI and cyber (security).
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He said that 54% of those employed today will have to go through skilling by 2022. LinkedIn is seeing within India with clients like Novartis India, Genpact and Sterlite Power using the social-business platform for many use cases like learning, recruiting and marketing, “The broad sectoral use of LinkedIn is very encouraging to see”, he said.
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