OneQuantum India | News & Updates
Weekly Newsletter - 25th Edition
Greetings of the day! Indeed, it is my pleasure to publish the 25th edition of weekly newsletter by OneQuantum India. Lot of actions and updates happening in our Indian Quantum Ecosystem be it Government, Defense, Private or Public Enterprises, all are marching ahead to get ahead in the future. We are gearing up for our next event themed on Quantum Internet. Stay tuned for more updates on social media.
I continue to meet various professionals / founders / academia / government officials from the Quantum Community and look forward to setting up a one-on-one interaction with you soon.
Should you have any news to share or authored an article or have delivered a talk or participated in a panel discussion related to Quantum Computing and would wish us to cover the same, feel free to ping me on LinkedIn.
President India Region, OneQuantum
Arvind Krishna, the CEO of IBM, has placed a large bet on the Indian market
The 110-year-old International Business Machines Corp. (IBM) is reinventing itself once more, this time under the chairmanship and CEO-ship of India-born Arvind Krishna, who has a laser-sharp emphasis on consulting and software. The decision comes as the company continues to invest in innovative technologies such as artificial intelligence (AI), blockchain, and quantum computing. India looks to be an important character in this narrative. "Globally, software and consulting will now account for 70% of IBM's income." "The India market income is likely to track the global trend," Krishna said to a small group of reporters on Friday.
Apart from developing indigenous 5G & 6G, India is building World class Quantum Capabilities says Narendra Modi
The Sydney Dialogue is a forum focused on emerging, critical, and cyber technologies. The prime minister stated in a virtual address at the Sydney Dialogue that data is the "biggest product" of technology today and that India has established a strong framework for data protection, privacy, and security. Prime Minister Narendra Modi stated on Thursday that India is investing in creating indigenous capabilities in 5G and 6G communication technology, in addition to focusing on manufacturing semi-conductors. Modi also emphasized India's achievements in the digital sphere, its present goals, and the country's "global trust." "We are investing in creating indigenous telecom technology capabilities like as 5G and 6G," he stated. "We are strengthening our skills in cloud platforms and cloud computing. This is a critical component of resilience and digital sovereignty. We are developing world-class quantum computing capabilities "declared the prime minister. He stated that India's space program is critical to the country's economy and security, and that it is now open to private-sector innovation and investment. "India is already a significant provider of cyber security solutions and services to corporations all over the world. We have formed a task force with our industry to make India a worldwide cyber security powerhouse " PM Modi stated.
Bengaluru is attracting international investors in disruptive technologies
The huge pool of highly trained, competent, and educated people in India is responsible for the country's demographic dividend. Given that most internationally relevant discoveries and solutions are coming out of laboratories in the country, Indian firms have a significant edge in adopting digital technology at a faster and more cost-effective pace. As a result, the country has seen a rise in investment in recent years. "When discussing India, it is vital that we acknowledge Karnataka, since it has been one of the primary contributors to the country's technology and digital ecosystem growth." Karnataka is one of the richest states in the country, having one of the highest per capita incomes in the country. Karnataka has been a sought-after investment location due to its digital readiness and competent workforce. Global cooperation has created new opportunities and increased the state's GDP. It comes as no surprise that investors and overseas partners have joined the tech path. Consider Australia, which in 2020 formed a comprehensive strategic alliance with India. "We're collaborating on cyber and vital technologies like quantum computing and artificial intelligence." We are aiming to improve the security and resilience of our supply chains. "We're partnering on the mining and processing of essential minerals, including as cobalt, lithium, and rare earth elements, which are critical to renewable energy technology and have military uses," said Australia's Prime Minister Scott Morrison.
Rice University Professor's Nature Paper Describes a Novel Quantum Phenomenon
The discovery, headed by experts at his alma mater, the University of Maryland, reveals the first evidence of many-body localization of particles in the absence of disorder. Pagano noted that the discovery has implications for quantum computers and, more broadly, materials that do not obey classical mechanical principles. "Many-body localization is a difficult phenomenon that occurs in particle systems that contain both disorders, like many real-life materials, and also interact with each other," Pagano said. "Localization implies that the system will not thermalize" (that is, relax into thermal equilibrium).
Quantum is on the agenda at the InFinity Forum being inaugurated by PM Modi
On December 3, Prime Minister Narendra Modi will inaugurate the 'InFinity Forum,' a two-day Fintech conference. The event will be held online by the International Financial Services Centres Authority (IFSCA), which is part of the Government of India (GoI), in partnership with GIFT City and Bloomberg. Reliance Industries Chairman and MD Mukesh Ambani, SoftBank Chairman and CEO Masayoshi Son, and Infosys co-founder Nandan Nilekani are among the prominent speakers at the event. The InFinity Forum is IFSCA's flagship financial technology and global thought leadership event, bringing together the world's leading minds in policy, business, and technology to discuss and provide actionable insight into how the fintech industry can leverage technology and innovation for inclusive growth, according to the statement. The Forum's agenda will emphasize on the subject 'Beyond,' with numerous sub-themes such as FinTech Beyond Next, which will look at how Quantum Computing may alter the nature of the Fintech business in the future and create new prospects. Each of the topics goes beyond the confines of FinTech, in keeping with the event's underlying philosophy.
Quantum Computing is one of the in-demand skills in Emerging Economy
The work economy in India is undergoing a seismic change. The Observer Research Foundation and the World Economic Forum's report, The Future of Work in India: Inclusion, Growth, and Transformation, investigate how transformational technology will affect employment in every area. According to the findings of this survey, businesses expect technological progress to result in job creation rather than job loss. They envision modern technologies having the ability to disrupt every industry in the future, paving the way for the need for competent employees to meet corporate demands. We've also seen a digital change in recent years, with a huge drive to guarantee that innovative technology is used in all areas. Today, every industry, from marketing to manufacturing, is adopting digitalization, with AI and quantum computing among the numerous developing technologies being used to increase efficiency, service, and profitability. For recent graduates and working professionals, the expansion of the IT and ITES industries has been spectacular. It is causing a situation in which there will be more jobs than persons with the necessary abilities soon. This skill gap, however, should be viewed as a chance to upskill or re-skill in various disciplines. According to a NASSCOM research, there will be 800,000 jobs available in Big Data and AI in India alone by 2021. According to Michael Page India, the sector of cybersecurity in India is predicted to have around 1.5 million unfilled positions in the areas of application development security, cloud security, risk management, and threat intelligence.
Video of the week
The IBM Quantum State of the Union
The IBM Quantum team will take you on an unprecedented technological deep dive into the future of quantum computing. Using our Development Roadmap as our guide, the team will be sharing many new technological breakthroughs from 2021, making more announcements for 2022, charting a course to quantum advantage, client value and beyond.