Qlik and Ascendion to share pre budget expectations quotes. In case you’re working on any stories related to this, request you to incorporate the below inputs.
Qlik for 2024:
“Ahead of the 2024 interim budget, the tech sector anticipates policies that can fuel growth. This upcoming budget isn’t just about financial adjustments; it’s about nurturing an ecosystem where innovation can thrive and significantly contribute to the evolving business landscape. Prioritizing targeted support for research and development is crucial, especially educational programs promoting the responsible use of AI. We hope to see continued funding for such initiatives as they are pivotal in nurturing innovation and building trust in technological solutions. We value initiatives like the Data Protection Data Privacy (DPDP) Bill, which enhances data privacy and establishes robust laws to combat misinformation and the use of deep fakes. The industry also looks forward to a comprehensive policy approach that promotes a liberalized patent box regime and cultivates a culture of innovative thinking, paving the way for significant contributions to the evolving business landscape.”
–Varun Babbar, Managing Director – India &SAARC, Qlik
Ascendion:
“India’s focus in its union budget has been a combination of farmer welfare, individual taxations, and infrastructural development. In recent times, the budget recognizes the pivotal role of technology in accelerating progress towards these objectives. In the agricultural sector, there is a notable push towards increased digital adoption to modernize farming practices and minimize manual labor. The integration of open network technology is poised to enhance supply chain efficiency, fostering seamless commerce across various sectors. Emphasis on the use of blockchain-driven digital currency (e-Rupee) will instill heightened transparency in financial transactions and ensure more secure payments. Technology-driven advancements extend to healthcare, with a push on leveraging artificial intelligence for innovative solutions.
I hope that the budget explores the transformative potential of augmented and virtual reality in the education sector, which will deliver next generation learning experiences. 5G technology is a means to improve communication channels in rural areas, addressing connectivity challenges. Hopefully, digitalization takes the center stage in the budget’s approach to enhancing Micro, Small, and Medium Enterprises (MSMEs), with a focus on Industry 4.0 initiatives.
The demand for skilled professionals, particularly in the AI space will drive economic growth. To meet this demand, there should be a strategic focus on sourcing talent from tier 2 and tier 3 locations, alongside the development of Global Captive Center (GCC) hubs. We should align technological advancements with economic priorities, fostering inclusive growth and innovation. A technology-centric approach will help with the broader economic agenda, that propels India towards inclusive growth and digital transformation.”
–Karthikeyan G, Senior Director, Platform Engineering, Ascendion.
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