16-04-2022

Creative industry snap shot

In the  fierce competition era, Creative industry (Non farm sector industry in rural background)  can be a source of new employment and provide sustainable year round contribution  to the revitalization of rural and depressed urban communities and to their significant participation in the economy.

Creative industries can be defined as those industries which produce tangible or intangible artistic and creative output, and which have a potential for income generation through the exploitation of cultural assets of communities and the production of knowledge-based goods and services (both traditional and contemporary).

In today context Craft, Farm Gate Processing, Advertising, Art and Antiques, Architecture, Design, Fashion, Film, Interactive leisure, Music, Performing Arts, Publishing, Television and Radio, Social Media, On line content creations etc., could all be called as Creative Industry. With  higher and higher internet speed and  spread, cheap and easy  data availability to masses, creative industry sector, which does not require huge investment to start with,  is exponentially rising and creating massive opportunities. Different State Governments should work on the policies by clubbing the various cluster, handicraft promotion policies. Or even Khadi which is quite organized and have already spread its wings/ presence felt in fashion and creativity could take the lead.

When income increases to a level such that basic needs are met, a demand for goods with an ethnic identity is created, leading to market differentiation and thus opening opportunities for creative-cultural industries, located in both industrialized and developing countries.

Creativity has been defined as the ability to bring into existence something new, whether it be an artistic object or form, a solution to a problem or a method or device. The creation of a work of art is the bringing about of a new combination of elements pre-existing in the medium.

This concept, if applied to the production of crafts would then involve the re-formation of pre-existing elements such as heritage, tradition, skills and raw materials.

Creativity is being promoted as a tool for innovation and economic growth by the academia, businesses and Governments.

Creative Industries can be defined as Those industries which have their origin in individual creativity, skill and talent and which have the potential of wealth and job creation through the generation and exploitation of intellectual property These industries constitute a complex and heterogeneous field that ranges from artisan products, to visual and performing arts, the recording industry, cinema and audiovisual media as well as multimedia including digital art to publishing and entertainment, social media and represent one of the most dynamic sectors globally.

In addition to Creativity human capital requires skills and talent, entrepreneurial attitude, ingenuity and motivation. For human capital to produce growth it is necessary that development professionals acknowledge the importance of creativity and innovation in the course of promoting sustainable development.

What are the skills that creative entrepreneurs need and how are these to be developed

A creative entrepreneur must understand and apply the creative abilities, together with technology and business skills, because both creative and commercial talents are required in order to succeed in a Creative Economy. Other requirements listed are: curiosity, imagination, confidence, courage, interpersonal and networking skills, fashion, aesthetic, design sense, emotional intelligence and flexibility.

Source: https://ajaykgupta.com/blog/creative-industry-snap-shot/

Saksham Gupta CTO, Director

An engineering graduate from Germany, specializations include Artificial Intelligence, Augmented/Virtual/Mixed Reality and Digital Transformation. Have experience working with Mercedes in the field of digital transformation and data analytics. Currently heading the European branch office of Kamtech, responsible for digital transformation, VR/AR/MR projects, AI/ML projects, technology transfer between EU and India and International Partnerships.

Website: https://www.linkedin.com/in/saksham-gupta-de/