Watch the full session and the Q&A here: https://ypo.vhx.tv/lap-s07-india-as-a-model-for-innovation-nov-2024

"I truly believe that in the next 10 years, there will be more change than there has been in the last 100 years, with technology driving a lot of that going forward. I call it tech rupture—tech-driven disruption, the new order."

Takeaways:
• Unprecedented Tech-Driven Change: Choudhury believes that the next decade will bring more change than the last century, driven by rapid technological advancements. This "tech rupture" is reshaping every aspect of society, business, and personal life.
• Ecosystem Dominance: A few large companies increasingly dominate global markets, representing an ecosystem shift where resources, development, and influence concentrate within a small group of powerful players.
• Virtual Globalization Amid Trade Barriers: While physical trade barriers are rising, virtual globalization continues to connect people globally. Digital experiences—like virtual museum visits or online gaming—transcend physical borders and enable widespread interaction.
• Democratization of Opportunity: Technology has leveled the playing field, creating new paths to success. Platforms like Netflix and social media allow creators from all backgrounds to reach global audiences, democratizing fame and opportunity.
• Convergence of Intelligence: The next wave of technological disruption moves beyond traditional AI. It involves a blend of artificial intelligence, human intelligence, and other specialized domains, leading to a "sixth industrial revolution" with unprecedented capabilities.
• Shift to Outcomes-Based Economics: Businesses are moving away from selling products to delivering outcomes. Rolls Royce, for instance, rents engines by the hour instead of selling them, and healthcare companies are paid based on the effectiveness of treatments rather than just the treatment itself.