News for the IET
Pre budget expectation | IT Industryedit
Dr. Rishi Bhatnagar, President-Aeris Communications & Chairman IET IoT Panel India says “The interim budget undoubtedly introduced policies to push the country towards a digital economy. I strongly believe the upcoming budget will fuel the Indian IT companies towards innovation which is the core and utmost important aspect of taking digitization at a full swing in India. Lowering the GST slabs in manufacturing devices can pose as an opportunity for the youth to lead India in this endeavour with innumerable innovative start-ups. This will not only take India closer to the vision of a digital India but also widen the talent pool by creating new jobs. For an incessant spur to Make In India and Digital India, initiatives like making ...Budget ExpectationsDr. Rishi Bhatnagar: Chairman of IET India IoT panel
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Industry News: Information and Communications
Digitally Transforming Healthcare, Education And Financial Sectoredit
India has a plethora of challenges in the healthcare, education and finance sector and these are the crucial pillars that need to be strengthened. There is an explosion of technology coming in and the government is trying to catch up and leverage the technologies to break a better quality of life and an easier way of doing business.
BFSIDigital TransformationEducationHealthcareCan Blockchain adoption be a silver bullet in fraud detectionedit
India Inc’s growth continues to be dominated by digital transformation strategies. Today, new-age technologies can offer limitless possibilities to improve business processes, becoming pivotal across different departments and service lines. According to EY’s Global Forensic Data Analytics Survey 2018, the use of emerging technologies will continue to see an uptick in the coming year. The survey adds that 32% of anti-fraud professionals planned to adopt Blockchain and distributed ledger technologies in 2019.
BlockchainData AnalyticsAir travel needs cybersecurity, now tighter than everedit
Today, cyber threats have been looming over all sectors of the economy. The same can be said of the air transport industry. It is not surprising that cybersecurity has become a top priority for the industry. The air transport community faces unprecedented risk from cybercrime – the result of digital transformation and extensive reliance on information and communication technologies. It’s no surprise that the EU’s European Aviation Safety Agency ranked cybersecurity as the aviation industry’s number one challenge.
CyberSecurityDigital TransformationAre AI-Powered Personas Going To Be The Future Of Influencer Marketing?edit
We live in a world where social media influencers have almost as much popularity and influence as celebrities. With a significantly high follower base, many social media influencers have built prominent sources of earning. However, it is not just the millennials and Gen Z who are a part of this social media influencer ecosystem. Now, artificial intelligence is also being used to create what are now called Virtual Influencers.
AIAI brain and network virtualisation key for 5Gedit
In the first three generations of telecommunication services, data analytics and Big Data played a major role. With 4G, Artificial Intelligence (AI) got embedded into the services that telcos provided for customers and in services that vendors collectively provided for telcos. With the advent of 5G, telcos are shunning more of their analog skin as they switch over to intelligent forms of operations. Major telecommunication players believe that it is about time that AI is built as an overarching engine, that drives all these operations, from automating core telecommunication operations to services consumed by the end user.
5G TechnologyAIDigital CommunicationsDigital adoption can change the face of Indian insurance sector – Here is whyedit
By Manali Rohinesh
Insurance is an industry that is ripe for a technological overhaul. Now that the government has allowed 49 percent foreign direct investment (FDI) in this sector, insurers can go ahead and expand and innovate. To a certain extent this has already begun with the use of chatbots, artificial intelligence and robotic process automation. Insurers who have been in business for 10 years can now raise funds via initial public offerings (IPO).
AIBFSIChatbotsDigital TechnologyRPAFuture of banking: Streamlining end to end processesedit
Mashreq Global Services is developing their Bangalore centre in the areas of advanced analytics and investing heavily in the areas of Artificial Intelligence, Machine Learning, Cloud Computing and Robotic Process Automation.
AIAutomationBFSICloud ComputingMachine LearningRPALEVERAGING THE POWER OF AI CAN DRASTICALLY FUEL THE MANUFACTURING INDUSTRYedit
In recent years, artificial intelligence (AI) has been one of the fastest-growing technologies, which is increasingly being adopted by industries. From a large group of industries like gaming, banking, retail, commercial, and government, to small and medium-sized businesses, AI is extensively utilized. And now, it is slowly looming in the manufacturing sector, facilitating industrial Automation.
AIAutomationBankingManufacturingRetail
Industry News: Future of Mobility
2019 The Year of EVs: Easy To Maintain or Not?edit
2019 is the year where everyone wants to jump on the Electric Vehicle wagon. June 2019 itself has seen three automakers announce their EV plans for the year. The beauty about the entire electric vehicle space is that it is a clean slate for everyone. In a market as big as India, traditional automakers, as well as new entrants, are eyeing this space for a future market share.
Electric VehiclesBattery Swapping: The Way Forward for Early Adoption of Electric Vehicles (EVs) in Indiaedit
India’s growing population increases the travel needs both within and between cities, and this growth has led to several socio-economic and environmental challenges. There is a need to prioritize and reimagine mobility to combat pollution for a sustainable ecosystem. But any big change causes big disruption and the automobile industry won’t be immune to this fact. The desirable way to ease into the EV transition is to make it gradual and start with the low hanging fruit – initiate transition with 2Ws and 3Ws.
battery technologyElectric VehiclesElectric dreams inside the stand-offedit
By Malayaban Gosh & Amit Pandey
At the sidelines of a recent industry dinner, two doyens of India’s automobile industry were heard making an impassioned counter to the government’s roadmap to develop and manufacture products with electric powertrains. When another industrialist piped in that this resistance would have to factor in a global push by governments to develop electric vehicles (EVs), one of the auto men replied, “We shall see, we shall see.”
Electric VehiclesGovt supported 2.78 lakh electric, hybrid vehicles under Phase-I of FAME India schemeedit
The government supported nearly 2.78 lakh electric and hybrid vehicles with a total demand incentive of approximately Rs 343 crore for purchase of the same under Phase-I of the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME India) scheme. Additionally, 465 buses have also been sanctioned for various cities and states under the FAME India scheme, the Ministry of Heavy Industries & Public Enterprises said in a statement.
Electric VehiclesFAME IIMore than half of transportation and logistics professionals still use a pen and paper to manage their supply chain – here’s how blockchain could change thatedit
Blockchain is seemingly being explored by innovation teams in every corner of every industry. This includes the logistics industry which, despite continuing on an impressive upward trajectory – the market is expected to reach $15.5 trillion by 2023 up from $8.1 trillion in 2015 – is filled with inefficiencies that the distributed ledger technology (DLT) is potentially well suited to fix.
BlockchainLogisticsTransportationSELF-DRIVING CARS ADD UP TO THE USER-DATA PRIVACY CONCERN FOR CONSUMERSedit
When you imagine a digital future how do you see yourself commuting from your house to office? Without a doubt, traveling is the most basic routine of any individual which is soon to be overtaken by automation. Automation is not just a concept, but a scope with various genres where human hand over their responsibilities to machines.
AutomationData PrivacySelf Driving
Industry News: Future of Work
80% Indian employees believe introducing ‘flexible working’ will reduce commuting hours and stressedit
It seems the concept of working 9 to 5 in an office no longer seems as productive as used to before. And a global workplace survey conducted by International Workplace Group (IWG), a serviced-offer company, brings to light many startling facts including the benefits of ‘flexible working’. What’s interesting is 80 per cent of Indian workers believe introducing ‘flexible working’ will reduce commuting hours and stress.
flexible workFuture of WorkUnemployment rate rises to 33-month high of 7.8% in June, says CMIEedit
Unemployment rate rose to a 33-month high in the month of June 2019 and employment rate fell to its lowest mark since January 2016, according to a report by Centre for Monitoring Indian Economy (CMIE). The report showed that the employment rate slumped to 39.42 per cent, whereas unemployment rate in June 2019 climbed to 7.91 per cent. The former is too low and the latter is too high, the Mumbai-based think tank said in its report.
employmentA look into the future of IT careersedit
With the constant volatility the IT industry has been experiencing, one might expect it to be difficult to gauge just what this landscape is going to look like 5 years into the future. While certain signature perpetrators such as AI, data science, cloud computing are often thrown into the fray, tech leaders shared some surprisingly acute insights into what this world of technology will look like in the near future. Here are 4 fresh observations being made about the future of IT.
AICloud ComputingData ScienceFuture of JobsRobots are on their way to taking 20 million manufacturing jobsedit
By 2030, robots will displace 20 million manufacturing jobs worldwide. The 20 million number – which represents 8.5% of the global manufacturing workforce comes out of a new report from economic forecast company Oxford Economics (OE). It is also found that on average, every newly installed robot displaces 1.6 manufacturing workers.
AutomationFuture of Jobsfuture of manufacturingRoboticsworkforceTackling workplace challengesedit
Young professionals lack the required soft skills to do their jobs well. This statement was a hypothesis we had been dabbling with for a long time, until we read researches to make our assumptions stronger. We launched HBR Ascend a little over two years ago and what we have learnt on this journey has been phenomenal. Hard skills will always be relevant but employers are now looking at soft skills as differentiators to hire the best candidates. Skills such as emotional intelligence, creativity, and people skills go a long way in the making of a successful professional, especially in the age of flex, robotics, Artificial Intelligence, and a world where change is the new normal.
AIFuture of WorkRoboticsWorkplace cultureFuture Of Workforce: Digital Workersedit
Taking inputs from humans, Artificial Intelligence (AI) equipped bots are becoming smarter day by day. They are already playing a significant role in numerous industries and are making humans work simpler, easier and faster. At The 5th BW BusinessWorld Digital India Summit & Awards, a presentation on ‘Future of Workforce: Digital Workers’, was delivered by Rohit Kumar, Regional Head- Public Sector, Automation Anywhere. While delivering the presentation Rohit said, “India is already the outsourcing hub of the world and is also on the verge of becoming the next automation hub of the world”.
Digital WorkplaceFuture of WorkWorkplace TrendsIT sector to create 250,000 jobs in coming months, claims skills ministeredit
Prashant K Nanda
Union Minister of Skill Development and Entrepreneurship Mahendra Nath Pandey Tuesday claimed said “in coming months” about 250,000 new jobs will be created in the information technology sector through the “comprehensive skill Development programme”.
Job OpportunitiesSkill DevelopmentIndustry News: Education
What Education Sector Is Expecting From Upcoming Budgetedit
India’s young population provides us a strong demographic dividend. There are 300 million students in India but most of them are deprived of quality education. Despite the sharp increase in the literacy rate and availability of schools (credit goes to Sarva Shiksha Abhiyan), the standards of education have not changed much. The registration rates of the students in our schools have reached a global average. The Annual Status of Education Report (ASER) 2018, estimates that 97% of the children between the ages of 6-14 were enrolled in school.
Budget ExpectationsEducation