An American multinational technology corporation, Microsoft Chairman & CEO, Satya Nadella has given substantial approval to India’s digital story and called it the ‘golden age’ of tech.
Nadella, who is currently in India, addressed Microsoft Future Ready Leadership Summit in Mumbai on Tuesday. He is also scheduled to visit Delhi and Bengaluru this week and will be meeting key customers, startups, developers, educators, and students during his India visit.
“There is momentum and also scope for innovation that exists. With the AI capabilities that India can generate through its talent base, there is a lot waiting to be done,” Satya Nadella said.
“When you look out to the next ten years, we need broader productivity and broader cross-sectoral impact of digital technology. In other words, the next ten years are going to be defined by digital technology,” Nadella said.
He added that Microsoft is committed not only to expanding access to technology but also to helping organizations of all sizes build their own digital capability.
“In the future, the generative models will generate most of the data. We are right now seeing the emergence of a new reasoning engine”, Satya Nadella said.
Satya Nadella further said, “We’ll clearly have to talk about this reasoning engine — what are its responsible uses, what displacements will it cause, and so on. But on the other side, we should also think about how it can augment us in what we are doing today since it can have a huge impact on our future.”
“We saw it in the past with the computer revolution. Now, it is really about spreading productivity across sectors,” he added.
The top executive said, “Cloud-native applications have really not yet begun. By 2025, we’ll have most applications anyone builds at that efficient frontier of cloud-native technologies — it will be 10x, even 100x better in some cases. But it’s not just that, if you move to the cloud, the latter is 70-80% more energy efficient too.”
“You also hedge against demand cycles — by moving to the cloud, you only consume when you need it. This tri-factor is very compelling,” the top executive added.
Recently, HDFC Bank is partnering with Microsoft in the next phase of its digital transformation journey and unlocking business value by transforming the application portfolio, modernizing the data landscape, and securing the enterprise with Microsoft Cloud.
HDFC Bank as a part of its Future Ready strategy is developing in-house IPs as well as partnering with several companies including FinTechs’ to co-create technology IPs.
The bank will leverage Microsoft Azure to consolidate and modernize its enterprise data landscape through a Federated Data Lake to scale its information management capabilities across enterprise reporting, and advanced analytics using artificial intelligence.