August 3, 2017

News for the IET

No specific news for the IET todayedit

Scroll down for key industry stories for the day.

News for other PEI

No specific news for the PEIs todayedit

Scroll down for key industry stories for the day.

Industry News: Information and Communications

Telecom industry to touch Rs6L cr by 2020edit

Deccan Herald

Consumption of video content is also forecasted to be 75% of India’s mobile data traffic by 2021, compared with 49%in2016. Advancements in innovative IoT technologies, like health monitors, smart transport, smartmeters among others, are projected to result in 21% increase in M2M services.

IoT in Telecommunications
Supply chain optimisation using technology in manufacturingedit

Forbes

Actively driving this trend forward is technology. Dominated by big data, cloud and IOT, technology-enabled processes are providing manufacturers a bird’s eye view of the entire supply line that is at once far more comprehensive in its reach as well as far more detailed in its scope simply due to enhanced visibility.

IoTSmart Manufacturing
Trend Micro Publishes Future Smart Cities Cybersecurity Checklistedit

BW CIO World

As cities continue to grow smarter, they will also become easier to hack. With millions (if not billions) of dollars going into research for urban domains and the Internet of Things (IoT), there will be more opportunities to utilize technology to define, access and improve smart city services and infrastructure. In these smart cities, information security plays a huge role in protecting the highest levels of confidentiality, availability and integrity for city resources and utilities.

Cyber SecurityIoTSmart Cities
IoT helps Telangana automate urban waste recycling operationsedit

Financial Express

By BV Mahalakshmi

Digitising waste management processes is one of the priorities for any state government developmental programme. A first of its kind by any state government, the Telangana government has decided to formalise the waste management process in a move to automate urban recycling operations for smart cities. The state government, in association with waste management start-up called Banyan Nation, has signed a memorandum of understanding (MoU) to deploy technology across different municipalities and help in waste management

IoT
AI More Important to IoT than Big Data Insightsedit

BW CIO

For enterprise software, operational efficiency trumps superfluous features. When it comes to optimising these applications, however, particularly for the Internet of Things (IoT), enterprises need to focus their efforts on the basics of business optimization rather than insight driven innovation. A recent GlobalData survey of 1,000 IoT professionals revealed a heavy reliance on traditional business intelligence (BI) software. And, 40 percent of those surveyed ranked business intelligence platforms well above all other means of analysing data.

Artificial IntelligenceBig DataIoT

Industry News: Education

Automation Will Never Replace People, New Skills Will Be Key To Future Jobsedit

BW BusinessWorld

By Rajguru Tandon

Automation is bringing changes in work choices as some job profiles get outdated and new jobs make their way to Big Data, cyber security and cloud, among others, according to a recent research by Simplilearn Career Data Labs.Some job profiles that may soon go obsolete include software test engineer, system engineer, data entry operator and the like.

Artificial IntelligenceAutomationBig DataReskilling
It’s back to school for IT workersedit

The Hindu Business Line

By Prince Mathews Thomas 

Mamatha R Nath is the Delivery Excellence Leader at IBM Asia Pacific, and in her line of work feels a constant need to re-skill herself. “The speed at which the technology, market trend and client requirement is constantly transforming demands all of us keep ourselves upgraded with new skills,” says Nath, who has been with the American technology giant for over a decade. Nath, based at the company’s Bengaluru campus, was particularly interested in upgrading her digital and marketing skills.

IT IndustryReskilling
The skills shortageedit

The Hindu Business Line

By Chitra Narayanan

What are the new skills in demand? And what is the demand supply equation of candidates with these skills? Belong, an HR tech recruitment startup, has come up with a Talent Supply Index (TSI) (inspired by the Big Mac Index) that measures how competitive the market is for a given job by dividing the total number of people with relevant skills by the total number of opportunities for that job.

Reskilling

Uncategorized

Solar Industries India consolidated net profit rises 19.50% in the June 2017 quarteredit

Business Standard

Net profit of Solar Industries India rose 19.50% to Rs 59.88 crore in the quarter ended June 2017 as against Rs 50.11 crore during the previous quarter ended June 2016. Sales rose 15.79% to Rs 466.65 crore in the quarter ended June 2017 as against Rs 403.02 crore during the previous quarter ended June 2016.

Solar Energy
World Bank’s aid of $625 million for solar projects in Indiaedit

Elets CIO

World Bank has given a loan of $625 million for the development of internal infrastructure of solar parks in India to be developed by Indian Renewable Energy Development Agency Ltd. (IREDA) under the aegis of Ministry of New & Renewable Energy. In collaboration with State Bank of India, World Bank will provide this loan to interested Solar Power Park Developers (SPPDs). The loan will be disbursed with the help of IREDA.

Solar Energy
‘Solar tariffs at Rs 3 a unit may be the new normal’edit

The Economic Times

By Rachita Prasad

NTPCBSE -0.79 % chairman Gurdeep Singh said Rs 3-3.20 a unit tariff for solar power may be the new normal and can be achieved without the support of “cheap funds or cheap panels“, which have been a concern for the industry. Solar and wind energy units generate less than 10% of the global electricity output and have remained on the side-lines historically as these projects were taken up to fulfill a social responsibility towards clean energy.

Renewable EnergySolar Energy
Multilateral funding agencies may earmark at least 15% of loans for solar projectsedit

Live Mint

By Utpal Bhaskar

Multilateral funding bodies may jointly announce at the first assembly of the International Solar Alliance (ISA) that they are earmarking at least 15% of their lending corpus for solar energy projects for the next five years, according to Upendra Tripathy, interim director general of ISA.  The move will help reduce solar power tariffs globally.

Solar EnergySolar Power
Modi Government may soon take up hydel policy; Rs 16,000-crore relief for stuck projectsedit

Money Control

By Dhirendra Tripathi

The Modi Government is likely to take up the much-awaited new hydro electric power policy this month with a Rs 16,000-crore relief package for the delayed projects likely to be part of it, a senior official familiar with the development told Moneycontrol. An interest subvention of as much as 4 percent is likely to be part of the policy, the official said. A decision on the hydel policy has been speculated upon for at least 6 months now.

Renewable Energy
Draft Energy Policy raises many doubtsedit

The Hans India

The 2017 National Energy Policy (NEP), drafted by the NITI Aayog, takes the baton forward from the 2006 Integrated Energy Policy (IEP) in setting the trajectory of growth for the energy sector. The value proposition of the NEP is to present a broad framework for the overall energy sector, taking into account the multiple technology and fuel options.

Renewable Energy
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