5 min read | Apr 22, 2021
The term “Deep-tech” was first coined by Swati Chatruvedi, Founder/CEO of Propel(x). Deep-tech is the innovation of engineering technology which sets apart itself from the existing protocols and procedures providing a unique scale of productivity and profitability. To be more precise, creating a revolutionary tech with unique aspects that could bring the raise of a particular industry well defines deep-tech.
Deep tech involves fields with respect to Artificial Intelligence, Machine Learning, Robotics, Automation, Blockchain etc., as all these terms suggests it is evident that with these varied technologies the sectors which needs immediate revival or the sectors which can perform better, can be made more efficient, if deep tech is in action.
Shallow Tech which acts as a strong opposite of Deep tech involves reusability of the existing technologies and aspects. Meaning, it involves the same model of activation and productivity which has been performed for years. Some famous companies like Uber follow a business model which runs on shallow tech. From a business point of view any strategy can be followed for success in the market if it works out well, But giving a deep tech touch makes a business remarkable and will serve as a reference model for upcoming businesses.
Intelligent Automation supporting huge business enterprises help in scaling up productivity, with increased domestic production will scale up the downtrodden GDP. With native Indian startups growing, they can adapt to deep tech involving AI, Automation, which will lead to the effective usage of resources and indirectly contribute to productivity and revenue. This ultimate adoption of Deep tech might seem tough in the short run, whereas it proves to be more productive in the long run.
For an organization to adopt deep-tech, be it of any size, must be ready to learn and implement change management, with change management comes the mindset of adapting to new tech in the market, then comes digital transformation, which ultimately proves productivity. Start-ups helping other start-ups to scale productivity will throw light on how technology is leveraging business and will turn the eyes of giant corporates towards these startups, turning everything into a profitable business opportunity.
Now, What is your take on Deep-tech? Are you a Start-up owner? If “yes”, what deep-tech factor have you used in your organization? Let us know in the comments.