CIOInsider India Magazine

Humanity is only a few technologies away before transcending into a world like those projected in sci-fi movies. Currently, exploring quantum computing still remains at its infancy stage with only the first generation of NISQ (Noisy Intermediate Scale Quantum) processors. Although Google once claimed it achieved quantum supremacy through a set of 200 calculations outperforming the world’s super computer which would have taken many years for classical computers. Clearly, this shows the kind of power seeping in it, while the rest of its potential is yet to be uncovered.

Deep tech on another note is no different either, as technologies under this umbrella is only starting to receive attention thanks to the pandemic’s restraints that positively nudged towards the acceleration of digital transformation. Telemedicine, agritech among others did set foot ahead of the coronavirus, but happen to gather clout now that the world is forced to adopt ways that cope with the current devastating circumstances.

That’s the reason there are a lot of electric vehicles showing up, since the coronavirus is not the only villain to defeat. In fact there are CO2 emissions, and other pollutants that have grown to shake the world in terror. But with technologies comes its own range of threats, let only being responsible for putting Mother Nature in medical care. A notable example of this is wireless network technologies, although 5G seems to receive immense backlashes when it's not even here yet.

On the bright side, tech titans like Google among others are placing bets on investing into 5G by partnering with other companies since technologies such as these pose overwhelming caliber that can barely be handled by one entity. Like 5G, tech companies, startups and organizations are joining forces placing ample cash into exploring other new-age technologies.

Joining in now is the collaboration of T-Hub and HCL Technologies. The two have embarked on a bon voyage towards exploring the land of Quantum Computing and Deep Tech. Although quantum computing is yet to unleash its much potential, companies are already onto working on its platform and are even making huge investments as well.

T-Hub Plans to Incorporate Startups with HCL's eSTiP Program
T-Hub has thoughts of gluing the HCL Technologies’ Open Innovation Program, eSTiP onto specific startups. The program encourages co-creation through an open innovation model and it falls under the company’s Enterprise Technology Office (ETO), as the program works towards innovating and imposing collaborations among various stakeholders. This is carried out through a systematic as well as a scaled approach to manage ideas, prototype, deploy and commercialize.

The program was established on the basis of dynamic consumer expectations, digitalization, global connectivity and data that are the reason for influencing how enterprises respond. Accordingly, the program helps them thrive in this ever fluctuating environment. Therefore, HCL works with a number of top global technology providers to not only cater to complex operations and business challenges, but also help meet new market demands.

All these qualities and promises fall in line with T-Hub’s innovation expertise and startup ecosystem. Since 2008, its startup innovation team has helped firms like Chitmonks, Drink Prime, and Pulse acquire funds through its flagship program, Lab32. Last year, it formed significant international ties with the South Korean government, the Japan Investment and Cooperation Agency (JICA), and others, resulting in the creation of more than 325 international startup connections.

While obtaining access to T-Hub's events and demo days, HCL will attempt to curate startups' solutions for its own clients and for focused program statements.

“The notion of our corporate membership is structured such that corporate receive a holistic picture of an innovation ecosystem that has all the tools to assist them stay ahead in the market. This is exemplified by our collaboration with HCL Technologies”, said Ravi Narayan, CEO, T-Hub.

T-Hub sheds focus on assisting HCL in its objective of enhancing the strategy of creating value for its customers and partners through certain disruptive businesses, while also offering growth prospects to startups, through this partnership.

“Our partnership with T-Hub solidifies our ecosystem innovation journey, with more investments in Quantum Computing experiments as the technology evolves,” said Kalyan Kumar, HCL Technologies' Chief Technology Officer and Head of Ecosystems.

Hence, through this companionship HCL is believed to boost its open innovation program by tapping in T-Hub’s innovation expertise including its web of startups, corporations, and investors.

Why Do Companies Invest in Quantum Computing and Deep Tech?
From a research experiment to a tool having the power to change the entire world, quantum computing has got most organizations around the globe etched to many abilities. But as powerful as they come, they are not meant to replace conventional computers. In actuality, they will be distinct instruments used to handle complicated, data-intensive issues, especially those involving machine learning, in which the system can make predictions and improve over time.

Quantum supremacy, which occurs when a quantum computer executes a calculation that no classical computer can perform in an acceptable amount of time, is one of the primary goals that organizations are actively pursuing. In terms of calculations, quantum computing could certainly come handier to financial institutions. But of course, the technology’s capabilities do not only entail being a game changer in the financial industry, but of course many other industries like aviation, space, healthcare, defense and more. With companies already hopping on to its platform, the global quantum computing market is projected to reach at $ 1.3 billion by 2027 at a 52.9 percent CAGR.

Today's modern world poses a challenge for how organizations might go forward in the future, taking into consideration a variety of aspects and dimensions that push the limitations of current high-performance computing capabilities.

HCL Technologies expects that its partnership with T-Hub will provide insights into important startups, academics, business collaborators, and other innovation ecosystem actors as the next-generation of technologies, namely Quantum Computing, matures and becomes commercially viable.

The same is true for Deep Tech, as technologies under it have only begun to revive much attention, although they had been out there for many years. There again, these technologies are yet to showcase what they are truly capable of. Currently, the clout seems to buzz around artificial intelligence (AI), as proven more than useful in many industries such as healthcare with its growth of telemedicine, defense, financial, agritech in agriculture including the household of a common man.