What is the Technology Strategy Board?
Technology Strategy Board is now called Innovate UK. The Technology Strategy Board supported the development of innovative technologies and products.
How many board members are there in TDB?
The board consists of 11 Board members. The TDB is the first organization of its kind within the government framework with the sole objective of commercializing the fruit of indigenous research. The Board plays a pro-active role by encouraging enterprises to take up technology oriented products.
technology development in india
What are the latest technology trends in India?
With the introduction of AI, machine learning, IoT, and blockchain, India has adopted some of the significant-tech trends being observed worldwide. These latest technological advancements have given rise to a wide variety of opportunities in the field of mobile apps, VR-AR, gaming, web-tech, food-tech, and so on.
What has India achieved in science and Technology in the past?
Though still a developing country, has achieved a lot in the past 71 years. One of the fields in which India has made huge achievements is Science and Technology and has seen the technology revolution. Thinking back we have come a long way from being a agrarian country to a premier, technology fuelled, IT exporter.
What are the different branches of Technology in India?
IT, biotechnology, aerospace, nuclear science, manufacturing technology, automobile engineering, chemical engineering, ship building, space science, electronics, computer science and other medical science related research and development are occurring on a large scale in the country.
How Digital India can transform the Indian economy?
In Digital India: Technology to transform a connected nation (PDF–3MB), the McKinsey Global Institute highlights the rapid spread of digital technologies and their potential value to the Indian economy by 2025 if government and the private sector work together to create new digital ecosystems.
technology debt mckinsey
What is Tech debt and how does it affect your business?
As the world becomes more digital, technology is increasingly becoming a core driver of value for business. But as companies modernize their IT, a hidden peril is emerging that could undermine their efforts: tech debt. This refers to the off-balance-sheet accumulation of all the technology work a company needs to do in the future.
Is technical debt slowing down digital progress?
That’s the word from McKinsey, which released a study that shows that everyone has some degree of technical debt, which slows down digital progress across a number of industries. Technical debt is the accumulation of relatively quick fixes to systems, or heavy-but-misguided investments, which may be money sinks in the long run.
Is your company stuck in a Tech-debt spiral?
A company that spends more than half of its IT project budget on integrations and fixing legacy systems is likely to be caught in a tech-debt spiral in which it is paying interest only. Conversely, a company that operates on a modern IT stack and has little or no tech debt is able to direct almost all its technology investment to new offerings.
technology debt reduction
How to reduce technical debt in a company?
A company’s journey to reducing technical debt. 1 Step 1: Identify the source of the issue to reduce technical debt. 2 Step 2: Adopt a new technology approach to reduce technical debt. 3 Step 3: Alter the organizational mindset to reduce technical debt.