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eGovernment Forschung seit 2001 | eGovernment Research since 2001

Sridhar Gadhi, Founder & Executive Chairman, USA-based Quantela, Winner of 'Technology Pioneer 2019' award, World Economic Forum, on Tuesday said that smart city development is a trillion-dollar opportunity and is estimated to be US$ 1.3 trillion in market size by 2025. Sharing his experience and his journey into delivering social impact and being profitable at the same time, Sridhar said that though cities occupied just 2 per cent of the surface area of the world they house nearly 50 percent of the world population.

A Nearly 2.5 billion people are expected to move to urban areas by 2050, he said cities create 18 per cent of the economy of our country. Cities are responsible for 75 per cent of the greenhouse gases emission, he said. But cities contribute 80% of the global GDP, Sridhar said while addressing a gathering of academic, research, industry experts, and students on day 2 of the 3-day Global Impact Summit at Woxsen University campus , about 90 kms from here.

He recalled how businesses sniggered at him when he said that he is working for city improvement. People used to complain of working with the Government, he said Quantela is into automating and optimising urban infrastructure operations. He said that the Government is not in the business of making money but in the business of providing services to make the life of the citizens easier. Speaking about how his company Quantela has pioneered the 'Outcome-Based-Service-Model', he mentioned “At Quantela it is all about making technology that has a meaningful outcome, that is impactful to the society, environment and the economy.”

Citing his company's focus on Smart Cities, which are no longer just a concept, he added “Smart City Development is a Trillion Dollar market with an estimated YoY of 23 percent and a huge opportunity to explore. It is an industry where every dollar and every minute that you invest will make a huge impact on society.” “Quantela provides Traffic & Safety digital infrastructure solutions to the UAE with recorded 95 percent accuracy and City Solution to the US, both these solutions are Self-Sustainable, putting no burden on the government or the society.

Governments can come up with such self-sustainable models and provide a huge impact to society.” Sridhar said. Answering a question on the role of universities Shridhar said, “Many universities are starting incubators and accelerators. Major funds and innovation are coming out of universities in the US. Most innovation comes from universities and the defence sector.

Universities play a huge role but much more integration with corporates and collaborative approach is required, he opined. Speaking at the roundtable discussion on 'Emerging Technologies & The Future of Business', Mr. Shiv Mehta, Author of Protocols of Money & Alumnus, NYU Stern School of Business, USA said that “ The biggest innovation that blockchain will bring about is the building of a social contract -- Digital Money. Many countries will legalise it soon.

For instance, the crisis in Sri Lanka today where it is dependent on the IMF. So I strongly feel that blockchain technology is not only important for businesses but also for the economy of a country.” Mr. Badita Florin, Founder, Corruption Kills, Romania, who was a panellist in the discussion, said “Emerging technology will bring about a lot of transformation, it is in fact disrupting many sectors and by 2030 top jobs will be impacted by emerging technologies.”

He said that “In the last 2 to 3 years, we have created more data than we have in the last 50 years. The need of the hour is to have more Data Scientists”. Ms. Tanya Bajaj, Director of Client Relations, ETS India emphasised “ Universities must be able to give a standardised space, where all the students can compete and measure their skills on a global level.” Mr. Rohan Shah, Founder & CEO, Classavo, USA added “Internationalisation is the need of the hour for students to connect to global educators and Universities cannot ignore that anymore.”

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Quelle/Source: Yugmarg, 12.04.2022

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