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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

How to foster innovation in Technology!

Vijay Santhosh
Development Manager-BankBazaar.com
Monday, January 2, 2012
 Vijay Santhosh
We have come a long way since a decade ago. Technology is now more mature and has evolved to a large extent. A significant contributor to this change has been the immensely active open source communities. A techie does not have the need to re-invent the wheel like he used to. It is a huge advantage that knowledge and code are now open and shared because a techie can think beyond basic problems that have already been solved by the community, resulting in better utility of technical ability, time and effort.

This makes it easier for a startup to innovate and offer personalized online experiences to users. Today's start-ups can make use of these readymade technologies and start experiments at the business level. With more of them tapping into such technology, there are a plethora of services made available to users, which is of huge value to fulfill various needs.

What did the top technology brands have in common that made them click leading to a plethora of similar innovations? Well, all of them in their early years had the audacity to think big and carve a space for themselves. This was made possible by their technical prowess. The willingness to experiment and take risks combined with the availability of venture capital is conducive for a start-up to innovate and become successful.

With more and more people starting to make a daily habit of utilizing online services there are significant changes needed for people to embrace innovations as a way of life! In India, we still do not have a tech ecosystem in place. There is a huge difference to accessibility and availability of tech infrastructure between India and the U.S. More affordable, stable and reliable infrastructure would mean more online services hosted within the country. This is always good.

The access to online services is still not available to a huge percentage of masses. To mitigate it, many online services companies have opened up kiosks or offices even in urban areas. The primary reason is that the ISPs here offer an inferior service for a higher price than in the U.S. In a price sensitive country like India, many households still feel that an internet connection is a non-essential luxury. Though the situation has changed a lot in the recent past, a lot more needs to improve in this segment. With a basic infrastructure need like a fast, reliable, internet service available, more people will be able to access it for utilizing online businesses and services, which has the potential to flourish in such a populous country.

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