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The generative AI provides more <keyword id="20069513" type="General" weightage="20" keywordseo="opportunity" source="keywords">opportunity</keyword> to the Indian IT sector contrary to the believe of being a threat, highlighted a report by Nuvama Wealth Management. The report noted that although AI <keyword id="19901571" type="General" weightage="20" keywordseo="technology" source="keywords">technology</keyword> may initially disrupt the sector, especially in terms of business operations and billing models, the long-term benefits far outweigh the risks. "We, on the contrary, expect the Indian IT industry to come out stronger from the <keyword id="19906101" type="General" weightage="100" keywordseo="Gen-AI" source="keywords">Gen AI</keyword>-led disruption. We dig deep into various facets of Gen <keyword id="20037918" type="General" weightage="20" keywordseo="AI-adoption" source="keywords">AI adoption</keyword> for enterprises and find that Gen AI would create a mammoth incremental opportunity for <keyword id="20617562" type="General" weightage="20" keywordseo="Indian-IT-services" source="keywords">Indian IT services</keyword>," said the report. The report noted that as more enterprises adopt AI, the need for services such as upgradation of legacy code and data readiness for AI integration will increase, offering Indian IT firms new streams of revenue. The report mentioned one of the most significant opportunities lies in the modernization of <keyword id="21835113" type="General" weightage="20" keywordseo="legacy-systems" source="keywords">legacy systems</keyword>, particularly core banking systems (CBS). It stated that many <keyword id="19912054" type="General" weightage="20" keywordseo="financial-institutions" source="keywords">financial institutions</keyword> still use mainframe systems and outdated programming languages like COBOL. Gen AI enables automated code modernization, which will drive a major demand for Indian IT services to upgrade these systems, creating a long-term revenue stream. "Since most non-Indian (read European) do not have the scale to hire and deploy employees with the ability to code in COBOL (not to mention supply crunch)--they have ceded this opportunity to <keyword id="21817095" type="General" weightage="20" keywordseo="Indian-IT-Services-companies" source="keywords" meta.keywordsubtype="org" meta.entityname="Indian IT Services companies" meta.hostid="261" meta.entityid="Indian IT Services companies">Indian IT Services companies</keyword>" said the report. The report specifically highlighted the "upgradation of legacy code" as a key area of opportunity for IT companies as businesses prepare their systems for AI integration. Gen AI is expected to create new service lines for Indian IT companies, including AI-based <keyword id="19945906" type="General" weightage="20" keywordseo="customer-service" source="keywords">customer service</keyword>, fraud detection, predictive maintenance, and knowledge processing. These AI-driven solutions will allow IT firms to offer higher-value services to clients, boosting revenue and profit margins. "Indian IT companies have always repositioned themselves to continue to do what they do best--service customers. That has provided them with the longevity they have commanded for multiple decades now. We do not see that changing this time as well" the report added. Comparing Gen AI to "a hammer looking for a nail," the report suggested that the technology's applications are still being discovered, but its potential is undeniable. Looking ahead, the report forecasts a strong start to FY25 for Indian IT companies, with growth driven by an optimistic outlook for the Banking, Financial Services, and Insurance (BFSI) sector, increasing technology spending, and large deal ramp-ups.

Gen AI to unlock a "mammoth incremental opportunity" for Indian IT services: Report

Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword> urged CEOs of US majors to take advantage of India's growth story as the country is making all efforts to become the third largest economy of the world in his third term. India is currently the fifth largest economy of the world after the US, China, Germany and Japan with a GDP of around USD 3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7 per cent for the last three consecutive years. Addressing CEOs of the large US tech firms on Sunday, Modi said India will make every effort to become the third largest economy in the world in his third term (2024-29). Companies should take advantage of India's growth story for collaboration and innovation by co-developing, co-designing, and co-producing in India for the world, harnessing the opportunities from the country's economic and technological growth, he said. Assuring the business leaders of India's deep commitment to the protection of intellectual property and to fostering tech innovation, Modi highlighted the economic transformation happening in the country, particularly in electronics and information technology manufacturing and semiconductors. Modi asserted that his government was committed to making India a "global hub of <keyword id="20073013" type="General" weightage="20" keywordseo="semiconductor-manufacturing" source="keywords">semiconductor manufacturing</keyword>". The meeting took place at the Lotte <keyword id="19904497" type="General" weightage="20" keywordseo="New-York" source="keywords">New York</keyword> Palace Hotel on Sunday during the second leg of Modi's three-day US visit. It saw the participation of CEOs of 15 major US-based firms working on cutting-edge technologies such as AI, quantum computing and semiconductors. "Had a fruitful roundtable with tech CEOs in New York, discussing aspects relating to technology, innovation and more. Also highlighted the strides made by India in this field. I am glad to see immense optimism towards India," Modi said in a post on X. During the conference, Modi said technology collaboration and efforts such as the Initiative on Critical and Emerging Technologies (ICET) lie at the core of the India-US Comprehensive Global Strategic Partnership, according to a Ministry of External Affairs press release. Organised by the Massachusetts Institute of Technology (MIT) School of Engineering, the CEOs of top US tech firms, including Google CEO Sundar Pichai, Adobe CEO Shantanu Narayena, Accenture CEO Julie Sweet and NVIDIA CEO Jensen Huang attended the meeting. Others who participated in the roundtable included AMD CEO Lisa Su, HP Inc. CEO Enrique Lores, IBM CEO Arvind Krishna, Dr Noubar Afeyan, Chairman of Moderna, and Verizon CEO Hans Vestberg. Modi also talked about India's BIO E3 (biotechnology for environment, economy and employment) policy to develop the country into a biotech powerhouse and on the topic of AI, noted that India's policy is to promote AI for all, underpinned by its ethical and responsible use. The CEOs appreciated India's growing prominence as a global technology hub, driven by its innovation-friendly policies and flourishing market opportunities. They also expressed strong interest in investing and collaborating with India, agreeing that investing in startups would be a synergistic opportunity to innovate and develop newer technologies in the country. Others who attended the conference included Biogen Inc CEO Chris Viehbacher, CEO of Bristol Myers Squibb, Chris Boerner, Eli Lilly and Company CEO David A. Ricks, LAM Research CEO Tim Archer, GlobalFoundries CEO Thomas Caulfield, and the CEO of Kyndryl, Martin Schroeter. "Further cementing technology and business connect. PM @narendramodi interacted with the top tech leaders and CEOs of USA, in a Roundtable hosted by the Massachusetts Institute of Technology School of Engineering, in New York today. PM emphasised India's growth prospects and discussed initiatives to foster collaborations and innovation across diverse sectors," the official account of the MEA said in a post on X. The prime minister had a separate meeting with Krishna P Singh, CEO of Holtec International, which is into nuclear and solar power generation. They discussed Holtec's plan for expanding manufacturing in India and advancing energy cooperation, PMO India said in a post on X. Earlier on Sunday, Modi addressed the <keyword id="20115166" type="General" weightage="20" keywordseo="Indian-diaspora" source="keywords">Indian diaspora</keyword> at the packed Nassau Veterans Coliseum on Long Island in New York. He also held bilateral meetings with world leaders at the sidelines of the UN General Assembly session here. Modi reached New York on Saturday after attending the Quad Leaders' Summit hosted by President Joe Biden in Wilmington, Delaware. <div type="Article" hostid="261" msid="113516805" title="Why is Indian Prime Minister Narendra Modi visiting the US this weekend?" mstype="2" mssubtype="0"></div>

PM Modi invites US CEOs to take a 'byte' out of India's growing technology sector

Defence Research and Development Organisation (<keyword id="19948662" type="General" weightage="20" keywordseo="DRDO" source="keywords" meta.keywordsubtype="org" meta.entityname="DRDO" meta.hostid="261" meta.entityid="DRDO">DRDO</keyword>) will collaborate with <keyword id="19906424" type="General" weightage="20" keywordseo="Indian-Institute-of-Technology" source="keywords" meta.keywordsubtype="org" meta.entityname="Indian Institute of Technology" meta.hostid="261" meta.entityid="Indian Institute of Technology">Indian Institute of Technology</keyword> (<keyword id="19906425" type="General" weightage="20" keywordseo="iit" source="keywords">IIT</keyword>) Bhubaneswar for artificial intelligence (AI) driven surveillance and other projects, officials said. A meeting was held between DRDO and <keyword id="19971391" type="General" weightage="20" keywordseo="IIT-Bhubaneswar" source="keywords" meta.keywordsubtype="org" meta.entityname="IIT Bhubaneswar" meta.hostid="261" meta.entityid="IIT Bhubaneswar">IIT Bhubaneswar</keyword> officials here on Tuesday. Binay Das, director general (DG) of Electronics and Communication Systems (ECS) cluster, DRDO, and many senior scientists and officials of both institutions were present in the meeting. During the meeting, nine sanctioned projects of the ECS Cluster of DRDO were handed over to IIT Bhubaneswar while another 7 projects are in process to be sanctioned with Rs 18 crore funding. IIT Bhubaneswar will work on the sanctioned projects, which would be beneficial in electronics warfare, <keyword id="21571619" type="General" weightage="20" keywordseo="AI-driven-surveillance" source="keywords">AI-driven surveillance</keyword>, power systems, radar systems etc, officials said. S R Samantaray, head of the School of Electrical sciences of IIT said the collaboration of IIT Bhubaneswar and DRDO will contribute to the emerging research and development need of defence applications, creating a platform for 'Atma Nirbhar Bharat'. This form of collaboration will enhance the sustainability of defence research programmes and will be part of the eco-system for nation building, he said. Speaking on the occasion, Binay Das advised researchers and faculty members associated with various DRDO-sanctioned projects to work systematically with proper review and risk management systems to complete the projects in time and come up with unique solutions. He said that DRDO is going through a transformation from technology chasers to become technology enablers and trendsetters. "The goal is now to move beyond attaining self-reliance to setting standards for the Indian armed forces, for others across the globe, to emulate. In this context, this collaboration, and the further opportunity to set up a Centre of Excellence at IIT Bhubaneswar would prove crucial," he added. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/webstories/aadhar-housing-finance-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/109919298.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/aadhar-housing-finance-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/109919298.cms" target="_blank">Aadhar Housing Finance IPO – Price band to risk factors, all you need to know</a><a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-april-2024-tata-punch-continues-to-dominate/slidelist/109909744.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-april-2024-tata-punch-continues-to-dominate/slidelist/109909744.cms" target="_blank">Top-selling cars in India in April 2024 – Tata Punch continues to dominate</a><a href="https://www.businessinsider.in/tech/news/worldwide-tablet-shipments-grow-in-q1-2024-after-two-years-of-decline/articleshow/109876390.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/worldwide-tablet-shipments-grow-in-q1-2024-after-two-years-of-decline/articleshow/109876390.cms" target="_blank">Worldwide tablet shipments grow in Q1 2024 after two years of decline</a>

DRDO to collaborate with IIT Bhubaneswar for AI-driven surveillance, other projects

Emerging technologies are set to revolutionise India’s workforce and can generate an additional 2.73 million tech jobs by 2028, according to ServiceNow’s AI Skills and Jobs Report. This growth comes amid India’s overall workforce expansion, expected to reach 457.62 million by 2028—a 33.9 million increase since 2023. ServiceNow, through partnerships and its ‘RiseUp’ program, aims to bridge the skills gap, positioning India as a competitive force in the global tech arena. Retail, manufacturing, education, and healthcare are projected to experience robust job creation, with retail alone expected to add 6.96 million roles. Professionals in these sectors have opportunities to upskill in areas such as software development and data engineering. Meanwhile, demand for tech roles like Software Application Developers, Systems Software Developers, and Data Engineers is expected to surge, driven by expanding sectors like manufacturing and telecommunications. Generative AI is also reshaping tasks within tech roles, increasing efficiency and automating routine processes. Systems Administrators, AI Systems Engineers, and Implementation Consultants, for example, will gain hours back each week as AI automates tasks. ServiceNow reports a $5 million cost savings and productivity boost from using generative AI across its operations, illustrating the practical impact of AI-led automation. To build a tech-ready talent pipeline, ServiceNow has been proactive, training over 97,000 Indians through its ‘RiseUp with ServiceNow’ initiative in the past year. The company’s University Academic Program, launched with government partnerships and institutions like NASSCOM’s FutureSkills Prime, is ensuring graduates possess job-ready digital skills, strengthening India’s tech ecosystem. With AI as a critical driver, India is expected to see a significant workforce transformation, meeting both domestic and global demand for skilled tech professionals.

AI can create 2.7 million tech jobs by 2028 in India, study says

An affordable <keyword id="9107118" type="General" weightage="20" keywordseo="tuberculosis-testing" source="Orion">tuberculosis testing</keyword> technology that can detect the disease using a patient's sputum for just Rs 35 has been developed by apex medical research body <keyword id="19918794" type="General" weightage="20" keywordseo="ICMR" source="keywords">ICMR</keyword>'s regional centre in Assam's Dibrugarh. The 'A <keyword id="19986036" type="General" weightage="20" keywordseo="CRISPR" source="keywords">CRISPR</keyword> case-based TB detection system' is light, portable and involves three steps of testing. Over 1,500 samples can be tested in one single run in around two-and-half hours, ICMR sources said. Conventional diagnostic techniques for TB commonly rely on culture, which requires 42 days to confirm as TB negative, microscopy, and nucleic acid-based methods. These are also time-consuming and may require sophisticated equipment. An official said, "<keyword id="19992404" type="General" weightage="100" keywordseo="Tuberculosis" source="keywords">Tuberculosis</keyword> (TB) remains a global health challenge, necessitating the development of accurate and rapid diagnostic tools for effective disease management. Current <keyword id="22921102" type="General" weightage="20" keywordseo="diagnostic-methods" source="keywords">diagnostic methods</keyword> often exhibit limitations in terms of sensitivity, specificity, speed and cost, emphasising the need for innovative approaches". Additionally, some molecular diagnostic methods, while offering improved sensitivity, may lack the desired specificity or face challenges associated with cost and ease of handling. "Considering these problems, the CRISPR-Cas12a-based molecular diagnostic system 'GlowTBPCRKit' coupled with an amplification step (using thermal cycler) and the '<keyword id="22921103" type="General" weightage="20" keywordseo="RapidGlow-device" source="keywords">RapidGlow device</keyword>' provides a promising solution," the official said. The Indian Council of Medical Research (ICMR) has now invited Expression of Interest (EoI) from eligible organisations, companies, manufacturers for undertaking 'Transfer of Technology' for commercialisation of the 'A CRISPR case-based TB detection system' for the detection of <keyword id="20115212" type="General" weightage="20" keywordseo="Mycobacterium-tuberculosis" source="keywords">Mycobacterium tuberculosis</keyword>. The ICMR-RMRCNE institute will provide expert guidance and technical support for the production of 'A CRISPR Cas based TB detection system' in all phases. Such technical oversight by the institute would accelerate the development of the product and its commercialisation. The ICMR would also provide technical support through its team of experienced scientists in study, planning, product development, development of study protocol, results or data analysis, outcome assessment, safety and efficacy assessment, product improvement, etc., if deemed fit upon the mutual understanding between ICMR and collaborative company. The apex health research body through its institutes would provide support and facilitation to conduct the research and development or clinical study of new technology or product in India through its affiliates or institutes, in collaboration with the company and institutions in a professional and mutually agreed upon manner and timelines.

ICMR's regional centre develops technology that can test for tuberculosis in just Rupees 35!

New Delhi [India], August 12 (ANI): <keyword id="19953789" type="General" weightage="20" keywordseo="IIT-Madras" source="keywords">IIT Madras</keyword> has been ranked the <keyword id="19925221" type="General" weightage="20" keywordseo="best" source="keywords">best</keyword> <keyword id="22759867" type="General" weightage="20" keywordseo="higher-educational-institution" source="keywords">higher educational institution</keyword> in <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> followed by IISc Bengaluru and IIT Bombay in an overall category in the ranking conducted by the National Board of Accreditation (NBA) and National Institutional Ranking Framework (NIRF). The announcement was made on Monday by the Ministry of Education at an event at the Bharat Mandapam in the national capital that was presided by Union Minister Dharmendra Pradhan. Indian Institute of Technology Madras was ranked first in the <keyword id="22759868" type="General" weightage="20" keywordseo="NIRF-rankings" source="keywords">NIRF rankings</keyword> 2024 and it is the 6th time that it has bagged the top spot in NIRF ranking. IIT-Madras has also been ranked as the best engineering college for the past nine years. In the management category, IIM-Ahmedabad and Bangalore and Calcutta are among the top five. Indian Institute of Science (Bengaluru) ranked as the best university in the country followed by Jawaharlal Nehru University Delhi and Jamia Millia Islamia. Delhi University's Hindu College ranked as the best college in the country followed by Miranda House College and St. Stephen's College. The Chennai-based institute retained the No 1 position in categories "overall and engineering" The NIRF rankings lists was released for 13 different categories, including universities, colleges, research institutions, engineering, management, pharmacy, medical, dental, law, architecture and planning, agriculture and allied sectors, and innovation. The National Institutional Ranking Framework (NIRF) has been accepted by the MoE and launched by Honourable Minister for Education on 29th September 2015. This framework outlines a methodology to rank institutions across the country/ The National Institutional Ranking Framework (NIRF) has been accepted by the MoE and launched by Honourable Minister for Education on September 29, 2015. This framework outlines a methodology to rank institutions across the country. This year, as many as higher 10885 education institutions participated in the NIRF.(ANI)

IIT Madras ranked best higher educational institution in India

New Delhi: Prime Minister Narendra Modi will inaugurate the 8th edition of the International Telecommunication Union - World Telecommunication Standardization Assembly (<keyword id="23549707" type="General" weightage="20" keywordseo="ITU-WTSA" source="keywords">ITU-WTSA</keyword>) at <keyword id="19950568" type="General" weightage="20" keywordseo="Bharat-Mandapam" source="keywords">Bharat Mandapam</keyword> here in the national capital today. This is the first time the ITU-WTSA will be hosted in India and the Asia-Pacific. Prime Minister will also inaugurate the 8th edition of the <keyword id="21058244" type="General" weightage="100" keywordseo="India-Mobile-Congress" source="keywords" meta.keywordsubtype="org" meta.entityname="India Mobile Congress" meta.hostid="261" meta.entityid="India Mobile Congress">India Mobile Congress</keyword> (IMC), with the theme, "The future is now." Prime Minister Modi took to X to announce both events, saying, "At 10 AM tomorrow, 15th October, the International Telecommunication Union - World Telecommunication Standardisation Assembly and the India Mobile Congress 2024 will be inaugurated. These forums are important ones, bringing together leading stakeholders from across the sector." Aa per a statement by the Prime Minister's Office (PMO), the event will be facilitating interactions with various industry leaders, policy-makers and tech experts from over one ninety countries. It is a pivotal global event that will bring together more than 3,000 industry leaders, policy-makers and tech experts from over 190 countries, representing telecom, digital, and ICT sectors. The ITU-WTSA event will also facilitate discussion on the standards set for new age technologies such as 6G, AI, IoT, Big Data, cybersecurity, etc. "Hosting this event in India will provide the country an opportunity to play a key role in shaping the global telecom agenda and to set the course for future technologies. Indian startups and research institutions are set to gain critical insights into developing Intellectual Property Rights and Standard Essential Patents," the PMO said. India Mobile Congress 2024 will be showcasing the telecom ecosystem, with leading telecom companies highlighting advancements in Quantum technology and Circular Economy along with spotlight on 6G, 5G use-case showcase, cloud &amp; edge computing, IoT, semiconductors, cybersecurity, green tech, satcom and electronics manufacturing. India Mobile Congress is Asia's largest <keyword id="21099140" type="General" weightage="20" keywordseo="digital-technology" source="keywords">digital technology</keyword> forum, and has become a well-known platform across the globe for showcasing innovative solutions, services and state-of-the-art use cases for industry, government, academics, start-ups and other key stakeholders in the technology and telecom ecosystem. The IMC will feature over 400 exhibitors, 900 startups, with participation from over 120 countries. The event also aims to showcase more than 900 technology use case scenarios, host more than 100 sessions and discussion with over 600 global and Indian speakers.

PM Modi to inaugurate 8th ITU's telecom standard meet, India Mobile Congress in Delhi today

<ul class="summary-list"><li>Bantval Jayant Baliga is this year's winner of the Millennium Technology Prize.</li><li>He won the award for inventing the IGBT, a device that has helped lower carbon emissions.</li></ul>Just a few years after Bantval Jayant Baliga started working at General Electric in the 1970s, word of a discovery he made went all the way to CEO <a target="_blank" class="" href="https://www.businessinsider.com/how-neutron-jack-fired-thousands-made-trump-broke-capitalism-2022-5">Jack Welch</a>.As an electrical engineer at the time, the now 76-year-old Baliga had developed the beginnings of what's known as an insulated-gate bipolar transistor, or IGBT. It promised to make electrical devices a whole lot more efficient. Greater efficiency would mean bigger cost savings.So once Welch, the <a target="_blank" class="" href="https://www.businessinsider.com/jack-welch-leadership-lesson-2018-3">towering leader of the American conglomerate</a>, caught wind of an idea with the potential to reduce his costs, he was ready to be pitched. "In half an hour, I convinced him this is a great idea," Baliga tells Business Insider.Since then, his invention of the IGBT semiconductor device has made its way into the wider world of electronics, delivering electrical efficiency and helping reduce carbon emissions in everything from medical devices and consumer appliances to <a target="_blank" class="" href="https://www.businessinsider.com/plug-in-hybrid-prices-soaring-demand-electric-cars-2024-9">hybrid electric vehicles.</a>In 2016, it helped earn him a place in the National Inventors Hall of Fame. Now he's become the latest recipient of the <a target="_blank" class="" href="https://millenniumprize.org/">Millennium Technology Prize</a> — a 1 million euro ($1.1 million) award presided over by the president of Finland that spotlights innovations beneficial to society."It's like a capstone for my career," he says.<div type="image" title="Professor Bantval Jayant Baliga." height="5063" width="3375" msid="113064831" hostid="261" sizebytes="1094492"></div>Baliga's career started as an undergraduate student at the Indian Institute of Technology in Madras, where — like so many others of his time — he became enthralled with the legendary lectures delivered by physicist <a target="_blank" class="" href="https://www.businessinsider.com/20-physicists-revolutionized-understanding-world-2016-9">Richard Feynman</a> in California in the 1960s."It was not in my curriculum, but in our bookstore," he said. "I used to read when other students were going to the movies. It just inspired me."From there, a doctorate in electrical engineering in the US led to an initial role at General Electric, where he spent his time working in the world of transistors and thyristors at a time when the semiconductor industry was "already considered very mature," Baliga recalls.<h2 id="62aab9d7-0dc2-4e6c-954f-52618818ea5d">Fast track</h2>Though that meant a big breakthrough would be tough to come by, he was full of ideas that could have a huge impact, particularly on how electrical efficiency could be improved in the full roster of products his employer was working on. After his pitch to Welch, Baliga was given the rare opportunity to fast-track a nascent idea from a research phase straight into manufacturing on a production line in California.Concern about global warming then was far less acute. However, it later became clear that reducing the electrical consumption of devices with IGBTs — found in everything from CAT scanners and microwaves to refrigeration and <a target="_blank" class="" href="https://www.businessinsider.com/riding-japans-bullet-trains-between-tokyo-kyoto-2023-7">Japan's bullet trains</a> — would have a huge positive downstream impact on carbon emissions.<div type="image" title="bullet train" height="2125" width="3200" msid="113064833" hostid="261" sizebytes="182966"></div>By Baliga's own calculations, IGBTs have helped reduce global carbon emissions by more than 82 gigatons, or 180 trillion points, between 1990 and 2020 through reduced electrical energy and fuel consumption."Two-thirds of the electricity in the world is used to run motors in consumer and industrial applications," says Professor Päivi Törmä, chair of the International Selection Committee of the Millennium Technology Prize. "Professor Baliga's innovation has allowed us to develop societies with electricity efficiently, while dramatically reducing energy consumption."Baliga, who has worked as a professor at North Carolina State University since his time at General Electric, knows there's more work to be done to ensure the world of electronics and semiconductors reduces electricity consumption.In particular, Baliga sees the world of <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/ais-rapid-growth-threatens-energy-industry-economy-and-climate-1033552538">artificial intelligence</a>, which has seen a huge burst of growth in recent years, consuming a lot of power.<h2 id="31e59015-9f9b-47b1-8ffd-63be68e7b785">Staying true</h2>In July, for instance, Google revealed that its <a target="_blank" class="" href="https://www.gstatic.com/gumdrop/sustainability/google-2024-environmental-report.pdf">total greenhouse gas emissions had increased</a> 48% since 2019, something it put down to "increased data center energy consumption and supply chain emissions." Baliga and his team, then, are working on new inventions to improve "power delivery for AI servers."As he looks back on half a century of work, he recalls that his award-winning invention would not have come to be had he not stayed true to a note he made in his application to attend university in the US: "Develop a technology that would benefit mankind.""That's a naive idea for a young 21-year-old, but it actually came true so how about that," Baliga says. "So my encouragement for young people: be ambitious but do something that is socially beneficial as well."The Millennium Technology Prize will be presented to Professor Baliga on October 30 in a ceremony in Finland that also marks its 20th anniversary. Past winning innovations range from DNA sequencing that helped to develop COVID-19 vaccines, to ethical stem-cell research and versatile, affordable smart technology.

Meet the professor who just won the Millennium Technology Prize — and $1.1 million

A team of researchers from the <keyword id="55119" type="General" weightage="50" keywordseo="indian-institute-of-technology" source="Orion">Indian Institute of Technology</keyword> (<keyword id="6354859" type="General" weightage="80" keywordseo="iit" source="Orion">IIT</keyword>), <keyword id="6357478" type="General" weightage="100" keywordseo="kanpur" source="Orion">Kanpur</keyword>, has developed a novel technology that turns ACs into affordable air purifiers. Researchers from the <keyword id="108320" type="General" weightage="80" keywordseo="iit-kanpur" source="Orion">IIT Kanpur</keyword> and IISc Bengaluru developed an anti-microbial air purification technology which was used by air filters, according to an official report. "The novel air purification technology used in these air filters has successfully proven its efficiency towards protecting us from life-threatening viruses. This innovation is a great addition to the R&amp;D work IIT Kanpur is involved in," Ankush Sharma, Professor-in-charge of <keyword id="14935950" type="General" weightage="50" keywordseo="innovation-and-incubation" source="Orion">Innovation and Incubation</keyword>, IIT Kanpur said in a statement. In the winter, an air conditioner equipped with this innovative air filter system from IIT Kanpur can purify the air with a 99 per cent filtration efficiency, said the report. "This indigenous revolutionary innovation has tremendous potential to succeed in the global market. This launch is indicative of technology catering to critical world problems," Amitabha Bandyopadhyay, Co-Professor-in-charge of Innovation and Incubation, IIT Kanpur said in a statement. This new type of air filter has proven to restrict microbial growth and is capable of capturing PM 2.5, PM 10, dust, pollen, allergens and germs from the air while purifying, the report added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/space/news/vikram-s-marks-the-beginning-of-private-venture-in-indian-space-programme-with-maiden-success/articleshow/95598949.cms">Vikram-S marks "The Beginning" of private venture in Indian space programme with maiden success</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/blood-pressure-drug-ineffective-in-treating-even-mild-covid-19-cases-as-per-real-world-data-from-india/articleshow/95599313.cms">Blood pressure drug ineffective in treating even mild Covid-19 cases, as per 'real world' data from India</a>

IIT Kanpur researcher develops technology to turn ACs into air purifiers

The Indian Institute of Technology in Kanpur is now making its presence felt in the dessert business by giving a healthy twist to our quintessential sweet - laddoos. These organic laddoos are being prepared by 150 farmer families and are now sold in 22 cities - including Mumbai, Delhi, Pune, Kolkata, Bengaluru, Indore, and others. IIT-K is involved in the quality control, packaging, and distribution of these laddoos. Besides the sweet, the <keyword id="221522" type="General" weightage="50" keywordseo="premier-institute" source="Orion">premier institute</keyword> also helps the farmer families sell nutritious 'hareera' (a nourishing beverage) in different states under its "<keyword id="238889" type="General" weightage="80" keywordseo="unnati" source="Orion">Unnati</keyword>" project. <keyword id="525604" type="General" weightage="80" keywordseo="rita-singh" source="Orion">Rita Singh</keyword>, a convener of this project, said, "The delicacies first became popular among the students in the institute. As the demand grew, we started selling laddoos -- made from alsi (flax seeds), til (white and black sesame seeds), and gond (edible gum) -- in several cities. Now, we are seeking the help of our former students who have settled abroad to expand the business in overseas markets." The Unnati project was launched eight years ago in five villages of Kanpur's Bithoor region to encourage scientific agriculture and impart quality education to village children through smart classes. In the last year, some 150 farmer families from 10 nearby districts have joined the initiative. Scientists of the institute have also been promoting organic farming and creating awareness among the farmers. "Our idea was to teach the farmers about natural farming, small processors, buyers, and technology. Of course, we want to preserve our traditional recipes as well," said Rita. The institute has big plans for the organic produce business to provide the farmers with the maximum possible benefits. IIT-K is also leveraging blockchain technology to help the business flourish. "With the help of blockchain technology, buyers will get to see the field or house where the food product was prepared. We started with selling organic products through WhatsApp but are moving to the next level. The entire process is being streamlined. Our products will be available under the brand name Unnati. This will help the farmers immensely," Rita said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/without-hbo-and-ipl-15-million-subscribers-could-flee-disney-hotstar-in-2023/articleshow/98517377.cms">Without HBO and IPL, 15 million subscribers could flee Disney+ Hotstar in 2023</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/mobile/news/samsung-to-launch-galaxy-a34-a54-5g-smartphones-in-india-next-week/articleshow/98517232.cms">Samsung to launch Galaxy A34, A54 5G smartphones in India next week</a>

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