In what will come as a big booster shot for PM Narendra Modi-led government, which got fiercely panned by the Opposition for faulty implementation of the note ban drive, Infosys chief Vishal Sikka, who is attending WEF 2017 today said that “India is ready to adopt new technology disruptions as shown by the success of demonetisation.”
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Elaborating his point further, Sikka went on to add, “Efforts should be made to ensure 4th industrial revolution technology disruptions don’t create a bigger divide in society.”
Amid rising concerns about the rich getting richer due to globalisation, Sikka said, “When we talk about fourth industrial revolution, artificial intelligence and other technology disruptions…we (need to be) very careful that we don’t create a bigger divide in the society.”
To a pointed question about inequalities in India leading to higher risk of societal disturbances, Sikka said India has tremendous opportunities as it is technologically advanced and what holds it in good stead is the fact that it is a young nation. He held out the prime example of demonetisation and shows that Indians are quite forward looking and adapt to new things fast.
Highlighting his and his company’s drive towards inclusiveness, Sikka said “every company needs to ask itself what it is doing for giving back to the society. Inclusive technology can be an option for technology companies in particular.”
His prognosis for 2017 included bringing new technology to everyone and to create hundreds of new entrepreneurs.
In its latest quarterly result, tech major Infosys revealed that it had crossed the $10-billion landmark in revenues for calendar year 2016. It beat market expectations with a 1.5% sequential rise in net profits to $547 million for the October-December, 2016 period.