Top 3 tech innovations that came out of India

The global economy is now driven by immense innovation generated across emerging markets in Asia and Africa. Over the past 3 decades, China proved to be a global powerhouse of manufacturing and technology, changing the world forever. The nation now supplies almost all countries with products and services, benefiting from its comparably cheaper workforce. However, the Chinese era might be ending amid the late coronavirus outbreak and the workforce that is getting more and more expensive in the nation.

Fortunately, closeby in Africa, there is another country of over 1.3 billion people that wants to replace China. India is gradually becoming the global leader in innovation and technology thanks to the government’s efforts to invest in higher education, particularly in Science, Technology, Engineering and Mathematics (STEM) fields. There is an ever-growing demand for Indian software developers, mathematicians, and scientists on the global labor market. Major companies and even small businesses in the United States, the United Kingdom and all across Europe are eager to find freelancers in India or even are willing to help them move to where the company is based.

Global corporations are particularly interested in this dynamic as leading technology companies keep investing in India. Some even say that the country is becoming the Artificial Intelligence hub in the emerging world. This is caused by a growing number of machine learning facilities across the nation that are noticeable on a global scale. They contribute immensely to the nation’s development as AI technology is now being used in countless fields from software engineering to manufacturing and medicine.

As such, Indian professionals are making the best use of it on the local, yet ever-expanding market. The country is as well claiming to have a major force of intelligent software developers that are challenging the rules of modern technology. They are some of the biggest beneficiaries of such AI hubs as developers are able to put the knowledge to good use in practice while making major profits.

In terms of selling machine learning software to corporate clients, India has been quite successful in dealing with iGaming companies worldwide, as well as locally. The software provided to these companies constantly monitors the fairness of the platform and adjusts the algorithms of winning spins or outcomes to match the demand or the number of times the player has tried in the past. Overall, the software was designed to help players lose as little as possible even while not stopping to play. But this is just scratching the surface.

Representatives of the biggest and most well-known online real money casino in India say that AI technology has helped them optimize their products and run them more efficiently. Local software developers put their best efforts into revolutionizing the online gambling industry across India using AI. This is not the sole example and the number of such industries and businesses is steadily increasing.

Yet, there are areas where India innovates the most and offers solutions that are not seen elsewhere around the world. In general, the Indian manufacturing industry is known for remaking already-existing products and offering them at more affordable prices. This most certainly is a major boost for the national economy, however, such examples can not be considered essentially innovative. Fortunately, India does not lack original ideas and true innovation. Therefore, in this article, we have gathered some of the most unique pieces of tech innovation from this South Asian marvel.

Voice recognition technology in banking

This is the late innovation in India that is not seen elsewhere across the globe. ICICI Bank is the second-largest commercial bank in India, in terms of assets and market capitalization. It is based in one of the biggest metropolitan areas of India - Mumbai.

Lately, ICICI bank and their development teams finished working on the project which enables bank’s customers to use services hands-free. Using advanced voice recognition technology, the bank is now able to offer almost all of their advantages to customers without the need to use anything but their voice. The corporation claims that software used for this project is unique and can not be tricked as it uses a range of 100 indicators to recognize a particular voice. It has as well been reported that the bank’s application offers voice recognition thanks to Amazon’s Alexa and Google Assistant. Recording a sample voice track is necessary before starting to use this service.

Voice recognition is not the only novelty the bank started to offer. ICICI recently announced that its customers will be able to transfer funds, check their account balances or even fill their phone credit using just a Twitter account and a smartphone.

Self-serving airport luggage counters

The travel industry is booming around the world and India is one of the brightest examples of this process. The country of over 1.3 billion people is flying internationally and domestically more than ever before throughout history. Airports are redeveloped and advanced in the country’s major urban areas, such as Delhi and Mumbai in an effort to accommodate skyrocketing numbers of travelers.

Amid such growth, airports are naturally being overcrowded. To avoid long check-in and luggage registration lines in mega airports of India, a number of companies have been working to introduce smarter, fully-automated and self-serving luggage stations in the country’s airports. Travelers will be able to check their luggage without any help from the facility’s staff. Machines will determine whether passengers need to pay any extra luggage fees or not, while all financial transactions will occur in a cashless form.

Self-check-in is present in many airports across the world. However, the technology that India is developing can prove to be more advanced than any other alike. The vast majority of already-existing automated luggage stations we have seen still require a human presence.

Braille smartphones: a bold step forward towards inclusivity

There are 39 million visually impaired people in the world. Modern technology rarely fulfills their needs to the full extent. Indian company Kriyate designed a Braille smartphone that does not need sounds to operate, unlike the vast majority of smart gadgets designed for visually impaired individuals.

The smartphone uses vibration and the Braille system to transfer information. The back and the front of the phone is constructed using 3D technology and can be changed, reconfigured or replaced easily. The project became possible thanks to the immense support of the Indian Institute of Technology in New Delhi and the LV Prasad Eye Institute located in Hyderabad.