Rajashree Rao

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So far Rajashree Rao has created 168 blog entries.

Digital India – How India is Leading the Way and Inspiring the World

From Cash-Dependent to Digital-First: India's Journey to Becoming a Digital Economy Role Model In recent years, India has made significant strides in the development of digital payment systems, particularly through the implementation of the Unified Payments Interface (UPI). This technology has revolutionized the way Indians make financial transactions and has placed India at the forefront of global innovation in the payments space. India's digital payment model has been a case study for every other nation of how a country can leapfrog traditional banking infrastructure and embrace the digital economy. The country's digital payment system, Unified Payments Interface (UPI), has transformed how people in India make payments, leading to a surge in digital transactions and a cashless economy. In 2016, the [...]

By |2023-10-17T16:35:26+05:30March 30, 2023|Blogs|Comments Off on Digital India – How India is Leading the Way and Inspiring the World
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What is an Innovation Hub?

Where Ideas Take Flight. Collaborate, Innovate, and Transform The Power of the Innovation Hub An innovation hub is a physical or virtual space that serves as a collaborative platform for individuals, organizations, and communities to come together to ideate, innovate, and create solutions for the world's most pressing challenges. These hubs facilitate creativity, knowledge sharing, and interdisciplinary collaboration, bringing together individuals with diverse skill sets and backgrounds to work together towards common goals. Innovation hubs foster a culture of experimentation, risk-taking, and learning, and they provide resources and support to help turn innovative ideas into practical solutions that can create significant social and economic impact. Ultimately, innovation hubs are key drivers of progress, providing a platform for creating sustainable and [...]

By |2023-10-17T16:36:47+05:30March 30, 2023|Blogs|Comments Off on What is an Innovation Hub?
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Driving Sustainable Innovation: BMW’s Circular Economy Case Study

Sustainable Mobility, BMW's Circular Economy Model for the Auto Industry. Closing the Loop on Waste the Road to a Sustainable Future.  As the world grapples with the challenges of climate change and resource depletion, circular economy principles are gaining traction as a way to reduce waste, conserve resources, and minimize environmental impact. BMW, a leading global automaker, has embraced the circular economy as a means to drive sustainable innovation and reduce its environmental footprint. Introduction: The concept of circular economy has gained significant attention in recent years due to its potential to drive sustainable innovation. The circular economy focuses on keeping products and materials in use for as long as possible through practices such as reuse, repair, and recycling, rather than [...]

By |2023-10-17T16:38:25+05:30March 30, 2023|Blogs|Comments Off on Driving Sustainable Innovation: BMW’s Circular Economy Case Study
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Revolutionizing the Future: The Power of Sustainable Innovation

Designing for a regenerative future, The power of sustainable innovation Sustainability has been a buzzword for a while now. It refers to the ability to meet the present generation's needs without compromising future generations' ability to meet their own needs. Sustainable innovation, on the other hand, refers to the creation of new products, services, and processes that meet the needs of the present generation without compromising the ability of future generations to meet their own needs. In this article, we will discuss sustainable innovation, why it matters, and how it can be achieved. What is Sustainable Innovation? Sustainable innovation refers to the development of new products, services, and processes that are environmentally friendly, socially responsible, and economically viable. It involves [...]

By |2023-10-17T16:42:00+05:30March 30, 2023|Blogs, Industry Thought Leadership|Comments Off on Revolutionizing the Future: The Power of Sustainable Innovation
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The Path to Success: The Importance of CoE and Innovation Hubs for Organizations

From Idea to Reality - The Role of CoE and Innovation Hubs in Driving Growth and Competitiveness A Center of Excellence (CoE) and an Innovation Hub are two distinct concepts in the business world, although they share some similarities and often overlap in practice. Both aim to drive innovation and growth in an organization, but they have different goals, structures, and methods. Understanding the difference between a CoE and an Innovation Hub is crucial for businesses that want to adopt effective strategies for innovation and competitiveness: A Center of Excellence is a specialized unit within an organization that focuses on a specific area of expertise. The purpose of a CoE is to consolidate the knowledge, skills, and resources of [...]

By |2023-10-17T16:45:22+05:30March 30, 2023|Blogs, CoE|Comments Off on The Path to Success: The Importance of CoE and Innovation Hubs for Organizations
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The Secret of the Centre of Excellence (CoE) – 1

The secret of ensuring long-term success through the Centre of Excellence  The Centre of Excellence today means ethical accountability, social responsibility and environmental stewardship. To win in the Asian century, CoEs need to position themselves for success in a volatile era, building new capabilities to address technological transformation and the threat of climate change. These challenges mean CoEs in Asia and beyond. We need to be ready to thrive in a radically different landscape. Perform at their highest level, maximize the diverse talent potential, and successfully navigate a complex and constantly evolving world. So start your journey towards the CoE. According to research by Brookings, millennials account for one-third of the world's workforce, and their representation in the labour market is [...]

By |2023-10-17T16:47:41+05:30March 30, 2023|Blogs, CoE, Technology|Comments Off on The Secret of the Centre of Excellence (CoE) – 1
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Why do Organizations need a Centre of Excellence (CoE)?

Building a futuristic Centre of Excellence has become mandatory for every organization to achieve one critical objective called 'PROBLEM SOLVING.' The world of work was profoundly affected by the Pandemic. In addition to the threat to public health, the economic and social disruption threatened the long-term livelihoods and well-being of millions. The Pandemic has heavily affected labour markets, economies and enterprises, including global supply chains, leading to widespread business disruptions. Moreover, the calamity has lasting effects, accelerating existing trends: The adoption of new technologies A rethinking of global supply chains The rise of well-connected oligopolies The World Ahead 2023 consider the interlocking challenges facing the world: the war in Ukraine, high food and fuel prices, the fight against inflation, the transition to renewable energy, and China's uncertain post-pandemic path as [...]

By |2023-10-17T16:48:56+05:30March 30, 2023|Blogs, CoE, Technology|Comments Off on Why do Organizations need a Centre of Excellence (CoE)?
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What is a Centre of Excellence (CoE)?

'Centre of Excellence is a place where the highest 'Excellence' or 'Standards' are maintained.'  The Pre and Post Pandemic era has dramatically accelerated the digitization of many industries as the brick-and-mortar, in-person processes relied on for so long became suddenly unavailable. In particular, it increased the adoption of digital channels by older generations to complete transactions and agreements. This transformation is changing digital customer demographics and expectations. To maintain a competitive edge, organizations must not only embrace digital transformation; they must also find ways to leverage and develop an ecosystem more effectively along with their peers. The current disruptions in the world: The coronavirus pandemic has turned the working world upside down, with millions of employees re-evaluating the place of [...]

By |2023-10-17T16:50:10+05:30March 30, 2023|Blogs, CoE, Industry Thought Leadership, Technology|Comments Off on What is a Centre of Excellence (CoE)?
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Top Artificial Intelligence (AI) Trends and Predictions for 2023

AI is Everywhere. In 2023, AI will become more authentic in organizations. The speed at which AI is being embraced across organizations will skyrocket.  2022 became the year of Generative AI. From automating basic tasks to creating something unique. Social media platforms like Reddit and Twitter are filled with images created by generative AI or machine learning models such as DALL-E 2 and Stable Diffusion. Startups building products on top of generative models are attracting funding despite a downturn in the market. Besides, Big Tech companies are integrating generative AI models into their mainstream products. The generative AI industry still has challenges to overcome, including copyright and ethical complications. For example, Microsoft is taking advantage of its cloud infrastructure, exclusive access to OpenAI's technology [...]

By |2023-10-17T16:51:33+05:30March 30, 2023|AI, Blogs, Technology|Comments Off on Top Artificial Intelligence (AI) Trends and Predictions for 2023
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What is DALL-E 2 from OpenAI?

DALL·E 2 is a new AI system that can create realistic images and art from a description in natural language that is set to disrupt the creative industry. According to Open AI - "DALL·E 2 can create original, realistic images and art from text descriptions. It can combine concepts, attributes, and styles. It can expand images beyond what is in the original canvas, creating expansive new compositions. In addition, DALL·E 2 can make realistic edits to existing pictures from a natural language caption. It can add and remove elements while considering shadows, reflections, and textures. In addition, it can take an image and create different variations of it inspired by the original. DALL·E 2 has learned the relationship between images [...]

By |2023-10-17T16:55:58+05:30March 30, 2023|AI, Blogs, Technology|Comments Off on What is DALL-E 2 from OpenAI?
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