August 6, 2019

News for the IET

Engineer from Bangalore to represent South Asia at Global Finals of International Presentation Competition, organised by the IETedit

Times Tech  Business News This Week

The Institution of Engineering and Technology (The IET) concluded the regional finals of the IET South Asia Present Around the World competition on August 04, 2019. Lithika, working with Texas Instruments as Analogue Design Engineer, was announced as the winner and Sneha Saha, a third year Computer Science & Engineering student from Techno Main, Salt Lake, Kolkata, was declared runner up.

IETMr. Shekhar SanyalPATW

Industry News: Information and Communications

The Rising Trends of Data Storage – Cloud, IoT, and Data Center to Watch in 2019edit

Analytics Insight

By Vivek Kumar

The biggest trend of data storage this year is the explosion of the cloud and the ease that cloud storage can bring. But cloud storage isn’t the whole big trend, as IoT data generation ramps up and on-premises storage technology continues its growth. Data from smartphones generated by humans like selfies shared on social media sites account for a fair amount of the data.

AIData StorageIoT
Powering nextgeneration networks with Artificial Intelligenceedit

The Financial Express

The report also predicts that the total mobile data traffic per month in the region is expected to grow 7 times from 2.3EB in 2018 to 16EB by 2024. With 5G and rapid expansion of IoT devices, data traffic will only grow further, prompting legacy networks to evolve into dynamic ones that are able to react in realtime to increased demands, problems and shifts in traffic.

5GArtificial Intelligence
Israeli army in no rush to go fully roboticedit

The Economic Times

The prototype suites, designed by Israels top three defence firms as they compete for an army tender, include artificial intelligence systems billed as spotting enemy fighters and directing the vehicles counter fire at them automatically.

AIDefenceIoT
Here is how the fintech startups use artificial intelligence to ruffle lending marketedit

CNBC TV18

With an efficient credit model and smart use of technology, Indias financial technology (fintech) startups are cashing in on customers outside the purview of traditional financial institutions. These fintech firms are using Artificial Intelligence (AI) to automate lending process and reducing risk by mapping previous payments behaviour of borrower.

AIBFSIFintech
EUIndia collaboration to positively impact international standards, 5G use cases: Tomasz Kozlowskiedit

The Economic Times

By Danish Khan

To further strengthen the cooperation, the EU in last November adopted a new strategy for India to work closely in the areas of the Internet of Things (IoT), Intelligent Transport Systems, Future Networks, Telecom Security and 5G, including alignment with international standards, form essential elements of the strategy.

5GIoT in Telecommunications
Digital health enterprise Reality or Mythedit

Express Healthcare

Thereafter comes the Hospital Information System (HIS) and the fourth level is the Electronic Health Record (EHR) where we have single longitudinal record of patients. Fifth or the top layer is digital layer where we talk about robotics, IoT and social media engagement. Adapting technology is not enough. Its adoption is tricky and it needs upgradation of every underlying infrastructure.

Digital IntelligenceHealthcareIoT in Healthcare
Artificial Intelligence used to detect fast radio burstsedit

The Hans India

Scientists have developed an automated system that uses artificial intelligence (AI) to detect and capture fast radio bursts (FRBs) in realtime. Scientists have developed an automated system that uses artificial intelligence (AI) to detect and capture fast radio bursts (FRBs) in realtime

AISmart sensors
AI IN BANKING: Artificial intelligence could be a near $450 billion opportunity for banks here are the strategies the winners are usingedit

Business Insider

The aggregate potential cost savings for banks from AI applications is estimated at $447 billion by 2023, with the front and middle office accounting for $416 billion of that total, per Autonomous Next research seen by Business Insider Intelligence. (Artificial Intelligence)

AIBFSI
Accounts Payable Automation Market Worth $3.1 Billion by 2024edit

IT News Online

According to a new market research report Accounts Payable Automation Market by Component (Solution and Services), Organization Size, Deployment Type, Vertical (Consumer Goods and Retail, BFSI, IT and Telecom, and Manufacturing), and Region Global Forecast to 2024, published by MarketsandMarkets, the Accounts Payable Automation Market is expected to grow from USD 1.9 billion in 2019 to USD 3.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period.

AIAutomation

Industry News: Future of Mobility

Indian Army launches EV fleet in Delhiedit

Times Now News

Indian Army launches EV fleet in Delhi The Indian Army recently launched a fleet comprising 10 electric cars in Delhi. This pilot fleet, which will be used by its officials in the national capital, has been set up in partnership with Energy Efficiency Services Ltd. (EESL), which is a joint venture of central PSUs under the aegis of Ministry of Power.

DefenceEVFuture of Mobility
The top miners are split on how to chase the EV battery boomedit

The Economic Times

The worlds biggest miners, including BHP Group and Glencore Plc, are finally firm believers in the electric vehicle battery revolution what they dont agree on is which metals will deliver the best longterm exposure to the developing global market.

EV BatteriesLithium Batteries
Open to suggestions on EV rollout: Niti Aayog ViceChairman Rajiv Kumaredit

The Economic Times

By Sharmistha Mukherjee

These will be operational in the next 3648 months. Investments in zero emission technology will further enable local manufacturers to gain global leadership in the emobility space, an opportunity the country lost out on while transitioning to solar panels, mobile phones and laptops. Edited excerpts :

EVNITI Aayog
New Japanese flying car hovers for one minuteedit

Hindustan Times

Japan’s government wants the country to become a leader in flying cars after missing out on advancements in technology such as electric cars and ride-hailing services. The country’s technological roadmap calls for shipping goods by flying cars by around 2023 and letting people ride in flying cars in cities by the 2030s.

Autonomous Carse-mobility
Indias road map to vehicle electrification: EV affordability, charging infrastructure & skill developmentedit

The Financial Express

The government is making huge efforts in the direction of enabling green driving, ecofriendly mobility, and the making of a lucrative EV market. Although, less than 1% of vehicles in the country are electric

e-mobilityElectric RevolutionEV
Govt of Karnataka plans to set up EV clusters with help of stakeholdersedit

The Indian Wire

By Suviral Shukla

Gunjan Krishna, director of industries and commerce, government of Karnataka reportedly said, We are looking at creating an EV cluster to promote entrepreneurs in this space. When people are in a cluster, they can take advantage of economies of scale, logistics and support in one place and we invite you to be part of this group.

e-mobilityEV
Government’s EV push has oil industry worriededit

The Hindu Business Line

By Richa Mishra

The overemphasis on Electric Vehicles (EVs) by the government has the oil and gas industry in India concerned. The industry feels that the prevailing situation will lead to investors and bankers having second thoughts on making investments in the oil and gas sector

e-mobilityEVFuture of Mobility
Charged up for an evehicle revolutionedit

The New Indian Express

As a first step, the state had set up its first electric vehicle recharging station at the Indian Oil Corporations retail outlet at Edappally. As a move to encourage more electric vehicles, IndianOil will charge all vehicles free of cost till September 30.

EV Charging Station
Centre eyes newer EV battery technologies to retain energy securityedit

Live Mint

By Utpal Bhaskar

As part of Indias energy security plan, the National Democratic Alliance (NDA) government is exploring newer battery technologies such as polymer based solid state batteries that may allow India to avoid dependence on lithium or cobalt imports.

EVEV BatteriesLithium Batteries
Now, catch a cab ride for Rs10 from metro stationsedit

The Times of India

CMRL managing director Pankaj Kumar Bansal said every station will have at least two cabs and the service will be extended to all stations in the next three months. The electric vehicle charging station, launched in collaboration with Energy Efficiency Services Limited, a government of India enterprise, will be extended to 26 stations.

EVEV Charging Stationlast mile connectivity

Industry News: Future of Work

Wearable in HR: Pocket HRMS Brings in a New Twistedit

IT News Online

In fact, according to a recent study, the wearable market is poised to reach a staggering 1.1 billion by the year 2020. All thanks to the Internet of Things (IoT) revolution. While the telecom tech shifts from 4G to 5G, the number of connected wearable devices is expected to skyrocket wildly.

Data AnalyticsFuture of WorkHR
Shift to a datadriven culture for employee retentionedit

People Matters

Starting from the age of mechanics, we evolved into electronics and now are in the age of cyber systems. Organizations have started the implementation of Artificial Intelligence (AI) while using chatbots, which is just scratching the surface; there are yet many more opportunities to be explored. The real use of AI comes at value through integrated processes with tons of data.

DataFuture of WorkHR

Industry News: Education

IT biggies give lessons to IIITs and NITs on future tech, skillsedit

The Economic Times

By Rica Bhattacharyya and Prachi Verma

The company spent more than 750 hours in conducting over 300 FDPs in the last fiscal, training around 10,000 faculty members on various trending topics including internet of things (IoT), machine learning, image processing, cyber security, artificial intelligence, cloud computing, data analytics and business intelligence, block chain, digital twin, and agile methodology.

IT Upskilling
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