July 10, 2019

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Industry News: Information and Communications

Worlwide cyber attacks led to losses worth $45 billion in 2018edit

The Hindu Business Line 

The Internet Society’s Online Trust Alliance, compiling data from the US and some international sources, said that other important losses came from fraudulently taking over business email credentials as well as “cyptojacking” or hijacking a computer or network to generate bitcoin or other virtual currency.

CyberSecurity
Software robots are taking over many manual processesedit

The Times of India 

Software robots or bots as they are called are doing to business processes what automation did to manufacturing decades ago. For HR divisions dealing with hundreds of resumes, there are bots today that can go through resumes against job descriptions, figure out the most relevant ones, and even schedule interviews with those candidates.

Automation
Shifting clouds: artificial intelligence and IoT make computing the new buzzwordedit

MINT 

At VMWorld 2018 in Las Vegas, for instance, VMware Inc.’s chief executive Pat Gelsinger, was insistent that as billions of devices get connected as part of the Internet of Things (IoT) trend, computing will increasingly be done at the so-called “edge”—at, or near, the source of the data.

Artificial IntelligenceIoT
Poor security infrastructure is the Achilles heel for enterprise IoT devicesedit

MINT 

With 50 billion devices expected to be connected with each other by the end of next year, the Internet of Things (IoT) trend will only accelerate. The advent of 5G will only provide another boost to the IoT ecosystem. It’s hardly surprise, then, that the global enterprise IoT market is predicted to touch $58 billion by 2023, growing at 26% compounded annual growth rate between 2017 and 2023, according to a January Market Research Future report.

5G TechnologyIoTSecurity
Here’s what is holding back the application, adoption of 3D printing in Indiaedit

MINT 

By Abhijit Ahaskar

There is a lot of interest in 3D printing in education sector as well. It is being used by engineering students to design prototypes, in medical labs to study body organs, and by art students for artwork. According to reports, IISC’s Society of Innovation and Development and WIPRO 3D are working to build India’s first industrial scale 3D printing machine.

3D printingEducation
Global AI in healthcare market to reach over $8 billion by 2026: Reportedit

The Economic Times 

Growing at 49.7 per cent during 2019-2026, the global Artificial Intelligence in healthcare market is expected to reach over $8 billion by 2026, according to a new forecast. The Asia Pacific is the fastest growing market owing to the huge untapped opportunity in this region, said the report by market research firm Acumen Research and Consulting.

AIHealthcare
Cyber attacks cost the world $45 bn in 2018; ransomware hit govts hardedit

Business Standard 

The report suggested cyber criminals are getting more sophisticated in targeting their victims, but also noted that many attacks could have been prevented with improved computer security.

CyberSecurity
Cloud Communication: The growing importance of voicebots in customer supportedit

The Financial Express

Ozonetel has entered into a partnership with IIIT Hyderabad for improving its speech and AI portfolio Whenever a new business is founded, setting up a website takes hardly five minutes, while setting up an email for an employee requires even less time; however, setting up a phone number is quite cumbersome.

AIChatbotsCloud TechnologyVoice tech
Can newage technology transform healthcareedit

Business Today 

Care is getting smarter and better targeted. Artificial Intelligence (AI), Big Data, Blockchain, Machine Learning (ML), Internet of Things (IoT) healthcare is seen as a massive opportunity for each of these newage technologies.

AIBig DataBlockchainHealthcareIoTMachine Learning
Budget 2019: $5 trillion Digital India a sentiment shared by tech industryedit

The Financial Express 

Many flagship schemes, including Digital India, Start Up India, Skill India, and BharatNet among others, are the catalysers that government is focussing on heavily. This is also something that the executives from major companies mutually agree to. (Artificial Intelligence)

Artificial IntelligenceDigital IndiaSkill India campaignStart-up

Industry News: Future of Mobility

Why electricity supplied to Electric Vehicles in India is not so greenedit

Money Control 

Electric Vehicles (EVs) seemed like a solution to growing pollution by emissions and heavy oil imports. The Union Budget 2019 by the NDAled government has tried to promote both the indigenous manufacturing of EVs and purchase benefits with tax rebates and exemptions. But it looks like the benefits of green mobility is a long term goal. (Electric Vehicles)

Electric Vehicles
The irresistible charm of electric mobilityedit

Business Standard 

The company secured $250 million from SoftBank earlier this month, and is being dubbed as India’s latest unicorn. It would be challenging for India to create a competitive advantage in EV manufacturing. For one thing, it is not the easiest place to conduct business. India ranks 77 in the World Bank’s ease of doing business rankings and can only provide capital subsidy or other support in a limited manner. (OLA, NITI)

electric mobility
India’s New Mobility Story: From Ice Age To EVsedit

The Hindu Business Line 

The NDA government has proposed a two-phase transition to electrical vehicles (EV) to bring down vehicular pollution in India’s towns and cities. In the first phase, beginning 2025, it wants two-and three wheelers with internal combustion engines (ICE) to be replaced with electric two and three wheelers with engine capacity of up to 150cc

Electric VehiclesFuture of Mobility
Indias Economic Survey Predicts $330 Billion Investment in Renewable Sector by 2030edit

Mercom India 

The survey also found that various energy efficiency programs have witnessed exceptional performance. India is among the top five countries in the world in terms of installed wind and solar capacity. According to the Economic Survey 201819, India ranks fourth in terms of installed wind capacity globally and fifth in terms of installed solar capacity. (Electric Vehicles)

Electric VehiclesRenewable Energy
EVs may Add Spark to Base Metalsedit

The Economic Times 

Prices of base metals needed for making electric vehicles (EVs) and their batteries and in construction are expected to move up on some tax incentives proposed in the budget that are seen giving a boost to affordable housing and electric mobility. Analysts said the budget announcements are likely to increase demand for copper, lead, zinc and aluminium and Indian producers could take advantage of this.

Electric Vehicles
EV is future, but only with economy of scale’edit

Business Standard 

Korean automaker Hyundai launched India’s first fully electric SUV Kona on Tuesday. The government is already giving a major push for electric vehicles, but with a price tag of ~25 lakh, this SUV can be bought by only a few. As a result, the carmaker has launched it in only 11 cities.

Electric Vehicles
Jaguar Land Rovers new technology can understand drivers mood and help them relaxedit

Times Now News 

The new mood detection system is the nextgeneration of Jaguar Land Rovers current driver tracking technology Driver Condition Monitor. Jaguar Land Rover recently announced that it is working on a novel artificial intelligence (AI) technology that will help their vehicles gauge and understand drivers state of mind while driving and then adapt the cabin settings so as to help them relax.

AIFuture of Mobility
Bad Cars: Anatomy of a Ransomware Attackedit

ELE Times 

Electric Vehicles require sophisticated control and safety technologies for their electrical power systems to safely manage the high voltages that store and distribute from their battery systems. If something goes wrong, the car cannot operate, people could get electrocuted, or the car could burst into flames or explode.

CyberSecurityElectric VehiclesVehicle Cybersecurity

Industry News: Future of Work

Correct Workforce Management Can Cut Costs: Studyedit

Sentinel Assam 

Over 90 per cent companies in India believe that accurate workforce management which includes, among other things, introducing flexible working hours can enhance productivity and compliance and reduce costs by at least five to 15 per cent, says a study.

Workforce Management
The role of AI in talent managementedit

MINT 

One has to understand that AI is not set to put HR executives out of work, rather it is set to transform HR departments across organizations. Therefore, it is not surprising that many see AI as having the potential to transform and alter key HR functions, such as recruiting, performance evaluation and capability development.

AIFuture of Workhuman resource
New design thinking and reskilling for a future-ready manufacturing sectoredit

MINT 

Automated generative design software enables designers to very quickly look at several design permutations of a part, generated from data parameters such as material choice, production methods, and cost constraints. According to Autodesk, the AI system applies generative design principles to generate high-performing design alternatives from a single design.

AIDesign ThinkingReskilling

Industry News: Education

NIIT launches Future Ready Talent an Initiative to skill the youth for the jobs of the futureedit

ANI News 

NIIT Limited, a global leader in Skills and Talent Development, announced Future Ready Talent an initiative to encourage youth to enhance their knowledge through future ready programs, together with their regular academic curriculum. (Future of Jobs)

Future of JobsHigher EducationSkill and talent development
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