Sridhar Vembu is working with a small engineering team in Tenkasi, a village in Tamil Nadu, to develop the technology
Software-as-a-Service (SaaS) major Zoho is working on developing machine translation software that will use one of India’s ancient languages, Sanskrit, as an intermediary layer, Moneycontrol reported.
This development came to the public after, the company hit the $ 1 billion revenue mark. The Chennai-headquartered SaaS firm earlier hinted to double investments in new technological advancements. This move can be a reflection of that.
The Zoho Corp co-founder and chief executive officer Sridhar Vembu, is currently working with a small team of engineers in Tamil Nadu's Tenkasi village to develop the project.
“When you translate between any two languages, you have to first go to a common format. The whole point here is to be the most precise. And, it is a feature of the Sanskrit language that it is very precise and accurate,” Vembu said while addressing the company’s performance, at the annual technology conference, earlier this week.
“This seems to have been known. It is not a new discovery, but no one seems to have used it well in software. And we are going to launch products using this technology… A lot of time in the technology industry, an idea that was promising was forgotten and abandoned,” he added.
Zoho registered a 77 per cent increase in revenue from India. However, the revenues from India contributed only 10 per cent to the global revenue. In comparison with 2021, the growth of the company also slowed down in 2022.
Considering the global economic slowdown, Zoho will not follow an aggressive hiring process in the technology sector. However, the firm will increase its spending in this category and will open 100 points of presence (PoP) in the next five years.