Industry News: Information and Communications
IoT growth rate to accelerate after 2020: reportedit
This growth comes on the back of increasing adoption of the internet of things by Indian consumers owing to increasing internet penetration, rising smartphone usage and expanding social networks, said a report published by social media agency WATConsult, a part of Dentsu Aegis Network. The IoT market in India is currently growing at a compound annual growth rate of 41% and will continue to grow at the same rate till 2020.
Internet of ThingsKarnataka to set up centre of excellence in AIedit
By Uma Kannan and N V Vijay Kumar
Nasscom will be the programme manager, and bring industries, technology players and entrepreneurs, among others, together to work on this next wave. The state government will fund the project and help in bringing a few startups that are already funded by them.
Artificial IntelligenceCentre of ExcellenceHow artificial intelligence is taking customer experience to new frontiersedit
A recent study by research firm Gartner found that over 55% of forward-looking organisations are either already investing in AI, or have plans to do so by 2020. This is a clear indication of the importance of this phenomenon, one that is bound to impact decision-making for businesses.
Artificial IntelligenceAI could bring prosperity but also cause rise in inequalityedit
Artificial intelligence is guesswork—software that can look at a confusing situation, venture a guess about what’s going on, and learn from what happens when it acts.
Artificial IntelligenceTelecom service providers must explore new revenue streams by leveraging the thriving IoT market in Indiaedit
The Internet of Things (IoT) market in India holds tremendous potential for telecommunications (telecom) operators, as connectivity is the backbone of IoT deployment. With the country moving towards a digital economy, the growing adoption of Cloud in IoT services, shifting of focus to industrial IoT (IIoT), rising market of M2M communication and increasing trend of wearable technology applications are among the major factors driving the IoT market in India.
IoTTelecomDigital Transformation and IoT Will Drive Investment in IT Operations Management Tools Through 2020edit
The growth of digital business and the Internet of Things (IoT) is expected to drive large investment in IT operations management (ITOM) through 2020, according to Gartner, Inc. A primary driver for organizations moving to ITOM open-source software (OSS) is lower cost of ownership.
IoTITIndustry News: Education
More focus, funds needed on Higher Educationedit
The HRD ministry with Niti Aayog is preparing a blueprint of bringing technical and scientific institutions under one banner. This should help in making the new body more vigilant and check inherent malpractices. Transforming higher education has been a long felt need, not just to gear up to becoming more relevant but to ensure matching up to international standards.
Higher EducationUncategorized
Reverse auction of second tranche of 1 GW wind power projects delayededit
By Anupam Chatterjee
The reverse auction for the second tranche of 1,000 MW wind power projects, for which bids of more than 2,800 MW have already been received, will not be conducted before the second half of August, sources told FE.
Renewable EnergyIndia aspiring for global leadership in climate action: Anand Mahindraedit
India is aspiring for a global leadership in climate action and has set an “ambitious” goal of receiving 40 per cent of its power from renewable resources by 2030, a target it is likely to achieve eight years ahead of the schedule, a top Indian corporate leader has said.
Renewable Energy