Will Deeptech's Fortunes Turn In 2020?

Deeptech has become a buzzword in the Indian startup ecosystem. The emergence of technologies such as artificial intelligence (AI), machine learning (ML), automation blockchain and drones, among others, has opened up plethora of opportunities. While the full potential of these technologies are yet to be unlocked, companies are already witnessing efficiencies going up. "The journey that began with bringing businesses to the cloud, adapting to e-commerce and building mobile apps to bring a seamless experience came a full cycle in the last decade. The year 2020 and the following decade are going to be about making the interactions or transactions even more seamless, and in a way that replicates human behavior," said Aakrit Vaish, co-founder and CEO, Haptik, a start-up that offers AI-powered chatbots. Quoting NASSCOM data, many reports said about 18 per cent of 1,300 Indian start-ups launched in 2019 are leveraging deep-tech.