March 14, 2018

News for the IET

No specific news for the IET todayedit

Scroll down for key industry stories for the day.

News for other PEI

IIEST gets its first full-time directoredit

The Times of India 

He is a recipient of Indian National Science Academy visiting fellowship to conduct experimental research at the microelectronics centre of IIT-Kgp and senior visiting fellowship of Engineering and Physical Sciences Research Council, UK. Chakraborty is a Fellow of the Institution of Engineers and a Senior Member of IEEE, USA. He was awarded Amity Academic Excellence Award-2015.

IEEE

Industry News: Information and Communications

Your smart camera could go rogue: Here’s how it becomes a data-stealing spy tooledit

The Economic Times

“The problem with current IoT device security is that both customers and vendors mistakenly think that if you place the device inside your network, and separate it from the wider internet with the help of a router, you will solve most security problems or at least significantly decrease the severity of existing issues.

IoTIoT Security
Energy sector on the cusp of large-scale digital transformation: Global Dataedit

ET CIO

With an increasing pool of potential use cases growing bigger each day, oil and gas companies are implementing Internet of Things (IoT) in all components of the value chain. More specifically energy firms are looking to connect previously separate assets together, which is referred to as the Industrial IoT, to enable collaboration between machine, device and worker.

Digital TransformationIndustrial IoTIoTRenewable Energy
By 2025, Digital Transactions To Reach $1-Tn Annually: Reportedit

CXO Today

According to the report, connected devices (Internet of Things) will further drive payments digitization – in India and globally – with around 30 billion connected devices anticipated globally by 2025. At the same time, cyberattacks cost India an estimated $4 billion annually, and could rise to $20 billion by 2025, with the digitization of payments presenting new challenges for cybersecurity, the report mentioned.

Digital TransformationIoT
Blockchain can truly revolutionise our livesedit

Newstrack

By Sakshi Chaturvedi

Blockchain has the potential and can be implemented across diverse sectors such as banking, education, and health. For instance, we keep our savings, assets and cash with banks because they are trustworthy and secure. However, their data is centralised, making them quite prone to cyber criminals that can bring the entire banking system to a halt. Now consider a person working abroad who wants to send a remittance to his family back home but has to encounter multiple clearances before his family receives it. With blockchain technology, the concept of crypto currency comes into picture, thus resulting in an open-access registry of monetary flows which makes the intermediation of financial institutions unnecessary and even costs less.

Blockchain
Blockchain can streamline ownership, size and value structure of propertyedit

Tech Observer While the influence of technology has permeated every industry and sector conceivable, whether it’s Banking, Manufacturing or Healthcare, the role technology is playing in shaping the real estate & construction industry is of transformational nature. Of particular interest is the role new-gen technologies like Blockchain, Internet of Things (IoT), Machine learning, Artificial Intelligence and Robotics are playing in shaping the industry. And among them Blockchain related technologies seems to be most talked about and most misconstrued as well. Industry pundits, across the globe, seem to reckon that Blockchain could have a large and lasting impact on the way real estate gets done, but it requires big changes, not just minor tweaks.

Artificial IntelligenceBlock ChainIoT
Though data is tough to come by, AI companies are having a healthy runedit

ET Rise

By J. Vignesh

The odds were stacked against Rohit Kumar Pandey, cofounder of artificial intelligence-based healthcare startup Sigtuple. Pandey and his cofounders were up against tough questions like legal requirements, privacy issues, data management and data annotations. All of this for acquiring medical data.

Artificial Intelligence
Artificial intelligence can make power firms more efficient: consultancyedit

Deccan Chronicle

Utilities can increase their efficiency by using more artificial intelligence (AI) technology, such as software to predict demand swings in the power grid or to control home appliances, consultancy Roland Berger said.

European utilities could achieve efficiency gains of up to a fifth over the next five years using such technology, it said, adding that less than a quarter of firms had a strategy to do this. Power firms across Europe, which previously depended on coal or gas-fired power plants, are having to adapt to the expanding use of renewable power sources and facing a profit squeeze as wholesale electricity prices have fallen.

Artificial IntelligenceRenewable EnergySolar Energy
Investing In Artificial Intelligence – How Can Investors Look Out For The Best Companies To Bet Onedit

Analytics India

By Richa Bhatia

AI startups are taking the industry by storm – there is no dearth of early stage, vertical AI startups that have put artificial intelligence and deep learning as the core of their value proposition. But how can venture capitalists and tech savvy investors who may have only a baseline understanding of this emerging technology make good business decisions?

Artificial Intelligence
Ransomware Against IoT, Mobile On The Rise: SonicWalledit

CXO Today

The cyber security landscape is getting increasingly complex. According to SonicWall‘s 2018 Cyber Threat Report, malware attacks totalled more than 9.3 billion in 2017, a year-over-year increase of more than 18 percent. And while ransomware attacks dropped from 638 million to 184 million between 2016 and 2017, ransomware variants increased by more than 101 percent. A key observation is that Ransomware against IoT and mobile devices is expected to increase in 2018 with more people using smartphone and connected devices.

Cyber SecurityIoT
Digital Cities: The Key To A Prosper Digital Indiaedit

Business World

India’s ambitious vision to build 100 citizen-friendly and sustainable cities, popularly known as “Smart Cities” is easily among the most talked about opportunities in India Inc. recently. In PM Modi’s words, “Cities in the past were built on riverbanks. They are now built along highways. But in the future, they will be built based on the availability of optical fiber networks and next-generation infrastructure”. Riding on the positive impact of the large-scale implementation of initiatives such as GST, NREGA, and Aadhaar, there is a renewed sense of optimism regarding the ongoing urban renewal mission.

Artificial IntelligenceDigital IndiaDigital TransformationIoT

Industry News: Future of Mobility

Clean fuel, not electric vehicles, should be India’s goaledit

Live Mint 

By Sundeep Khanna

The regulatory vacillations around India’s electric vehicles plans are becoming all too frequent, reflecting the underlying stresses of what is certainly a potential game changer for the auto industry but also a hugely disruptive threat for the incumbents.

Electric Vehicles
Promoting electric cars can be very expensive, says BP’s Spencer Dale edit

The Economic Times 

India should push two-wheelers and three-wheelers among electric vehicles and encourage use of natural gas for cars since promoting electric cars can be very expensive, the group chief economist of British oil and gas company BP has said. “Electrification of two- or three-wheeler vehicles is something that can be done very cheaply, easily. It’s where technology and battery swaps could happen and that’s a very significant part of oil demand,” BP’s Spencer Dale said.

Electric Vehicles

Industry News: Education

Why you shouldn’t be trying to persuade a robot that you should get the jobedit

The Economic Times

While much of the world is busy worrying about losing jobs to automation in the future (and this is overstated), what has crept past for over a decade is that automated systems (to most, Artificial Intelligence, or AI) already play a major role in whether or not — and how — we get the jobs we still have, and these are used by a steadily growing number of Indian and multinational companies.

Artificial IntelligenceAutomationJobs

Uncategorized

Powering India’s growth storyedit

Business Standard

The formal launch of the ambitious International Solar Alliance on March 1, 2018 in New Delhi, is an important landmark not only in India’s quest for energy security but also in meeting the global challenge of climate change. No strategy of ecologically sustainable development is possible unless there is a rapid and accelerated shift from economic activity based on fossil fuels to one based on renewable and clean sources of energy.

Renewable EnergySolar Energy
NTPC seeks tenders to up its renewable capacity six timesedit

The Financial Express

In A Push to increase the share of green energy in its installed capacity, NTPC has recently come up with tenders for 4,750 MW of renewable power projects. Of this, 2,000 MW are for wind power projects, while the remaining capacity would be solar based.

Renewable Energy
India’s Place Under the Sunedit

The Economic Times

It has been a heady journey for the International Solar Alliance (ISA). In a little over two years, it transitioned from a high-profile announcement at the 2015 Paris climate summit to an intergovernmental organisation under the UN charter, holding its first summit that was attended by 23 heads of State and government. In the world of international diplomacy, this has been rapid progress. Now, the alliance must deliver on its promise.`

Renewable EnergySolar Energy
Biggest chunk of solar funds to Indiaedit

The Financial Express

The Biggest chunk of investments in the solar sector across the globe in 2017 was bagged by Indian firms. More than 50% venture capital/private equity funding in the sector in 2017 went to India, a report by Mercom Capital said.

Renewable EnergySolar Energy
70% solar safeguard duty to dampen investor sentiment: Par Paneledit

Business Standard

A Parliamentary panel has flagged the proposed 70 per cent safeguard duty on solar equipment saying there is no valid ground for it and would affect the viability of existing projects and dampen investor sentiment. Parliamentary Standing Committee on Energy in its 39th report tabled in Parliament also advised the Ministry of New and Renewable Energy to take up the issue of confusion over good and services tax (GST) on renewable energy sector and refund of input credit with Finance Ministry.

Renewable EnergySolar Energy
Browse by Month
Browse by Month