News for the IET
No specific news for IETedit
Scroll down for industry specific news
News for other PEI
No specific news for PEIsedit
Scroll down for industry specific news
Industry News: Information and Communications
Worlwide cyber attacks led to losses worth $45 billion in 2018edit
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.
CyberSecuritySoftware robots are taking over many manual processesedit
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.
AutomationShifting clouds: artificial intelligence and IoT make computing the new buzzwordedit
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 IntelligenceIoTPoor security infrastructure is the Achilles heel for enterprise IoT devicesedit
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 TechnologyIoTSecurityHere’s what is holding back the application, adoption of 3D printing in Indiaedit
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 printingEducationGlobal AI in healthcare market to reach over $8 billion by 2026: Reportedit
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.
AIHealthcareCyber attacks cost the world $45 bn in 2018; ransomware hit govts hardedit
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.
CyberSecurityCloud Communication: The growing importance of voicebots in customer supportedit
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 techCan newage technology transform healthcareedit
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 LearningBudget 2019: $5 trillion Digital India a sentiment shared by tech industryedit
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-upIndustry News: Future of Mobility
Why electricity supplied to Electric Vehicles in India is not so greenedit
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 VehiclesThe irresistible charm of electric mobilityedit
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 mobilityIndia’s New Mobility Story: From Ice Age To EVsedit
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 MobilityIndias Economic Survey Predicts $330 Billion Investment in Renewable Sector by 2030edit
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 EnergyEVs may Add Spark to Base Metalsedit
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 VehiclesEV is future, but only with economy of scale’edit
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 VehiclesJaguar Land Rovers new technology can understand drivers mood and help them relaxedit
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 MobilityBad Cars: Anatomy of a Ransomware Attackedit
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 CybersecurityIndustry News: Future of Work
Correct Workforce Management Can Cut Costs: Studyedit
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 ManagementThe role of AI in talent managementedit
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 resourceNew design thinking and reskilling for a future-ready manufacturing sectoredit
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 ThinkingReskillingIndustry News: Education
NIIT launches Future Ready Talent an Initiative to skill the youth for the jobs of the futureedit
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