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Industry News: Information and Communications
Virtual Reality in Manufacturing Industry to Rise at a Staggering 39.2% CAGR; Increasing Number of Product Launches to Provide Impetus to Growth, says Fortune Business Insightsedit
Automated concepts such as artificial intelligence and the internet of things (IoT) have been a hit among manufacturers across the world. The advent of real-time concepts such as virtual and augmented reality have opened the doors for several possibilities.
IoTManufacturingVRThe AI In Insurance Report: How forward-thinking insurers are using AI to slash costs and boost customer satisfaction as disruption loomsedit
By Lea Nonninger
The most valuable area in which insurers can innovate is the use of artificial intelligence (AI): It’s estimated that AI can drive cost savings of $390 billion across insurers’ front, middle, and back offices by 2030, according to a report by Autonomous NEXT seen by Business Insider Intelligence. The front office is the most lucrative area to target for AI-driven cost savings, with $168 billion up for grabs by 2030.
AIBFSIResearchers say these are 2020’s biggest cybersecurity challengesedit
Kaspersky, a global security research and software provider, has its team prophesize what they think would be the key attacks challenging cybersecurity for the coming year. It is quite in sync with the trends in adoption of advancing technologies and also some older technologies which might have not been scrutinized enough.
Cyber spaceCyberSecurityInternal cyberattacks on companies rising, security researchers reveal key challenges Republic Worldedit
Cybersecurity researchers have warned against increasing insider threats affecting businesses around the world. In their recent report (via Malwarebytes), researchers have described how insider threats weaken the cybersecurity of companies. Security researchers have also described the number of challenges that companies face when it comes to dealing with insider threats.
cyber attacksCyberSecurityIn 5G marathon, India decides to sit back and mourn as China, US, Europe race aheadedit
Two, in the form of Fixed Wireless Access (FWA), which enables operators to deliver ultra-high-speed internet to areas where fiber cable layout is difficult to maintain or install, such as the Himalayan states and the North-East. Three, as an enabler for Internet of Things (IoT), as it would allow millions and millions of devices to connect to the internet, thus aiding data analytics for numerous private and government programmes.
5GIoTTelecommunicationGlobal IoT enterprise drone shipments to grow 50% in 2020: Reportedit
In 2020, worldwide shipments of Internet of Things (IoT) enterprise drones (defined as flying drones) will total 526,000 units, an increase of 50% from 2019, Gartner Inc. said on Thursday
IoTsmart devicesWhat AI And Machine Learning Can Do For A Smart City?edit
Artificial Intelligence and Machine Learning algorithms have increasingly become an integral part of several industries. Now they are making their way to smart city initiatives, intending to automate and advance municipal activities and operations at large. Typically, a city when recognized as a smart city means that it is leveraging some kind of internet of things (IoT) and machine learning machinery to glean data from various points.
AIMLSmart CitiesRobotics revolution: How robots will help emerging businesses flourish in ways better than computersedit
Technology for MSME’s: The robotics revolution is going to be nothing smaller than a PC industry revolution that rocked the world in the 1980’s and 90’s. There are many sub-industries within the robotics industry.
MSMERoboticsRPAHow AI Shapes The Future Of Health Industryedit
Various sectors within the Medical industry be it Pharmaceuticals, Nutraceutical or Homeopathy are jumping on the bandwagon to be a part of this expanding horizon. Artificial Intelligence (AI) is an asset with help provide patient centric tailored plans which was not possible before with traditional medicine. The R&D sector is booming with disruptive innovations which provide a steep learning curve.
AIHealthcareHow AI can drive better data management across an organization?edit
What companies need now is to become data agile in order to efficiently adapt to the transformative nature of global data management demands. Some reports suggest that the continuous incorporation of artificial intelligence (AI) can help businesses in adopting data management technologies that are well suited for them to stay ahead of the competition.
AIdata managementEmerging telecom tech trends for 2020edit
The internet of things (IoT) is already being rolled out worldwide, though it isnt uniform. We need a robust IoT to enjoy safe, selfdriving cars, but we arent there yet. However, factories are installing networked devices because of the benefits to the business. Their motors, part feeders and other automated systems send data to manufacturing control centers.
Emerging TechnologyTelecommunicationCybersecurity market to touch $3billion by 2022, says reportedit
The transaction value of digital payments in India is estimated to grow annually at a rate of 20.2 per cent from about $64.8 billion in 2019 to $135.2 billion in 2023, the report by PwC India and Data Security Council of India (DSCI) said.
CyberSecuritydigital securityBuilding a trusted AI ecosystem: finding the right balanceedit
The Fourth Industrial Revolution is transforming everything. Industries are reinventing themselves. New jobs are emerging. The pace of innovation today is higher than ever before. Technologies like cloud computing and artificial intelligence (AI) are enabling the collection and processing of data at an unprecedented scale.
AIEmerging TechnologyAI 101: How learning computers are becoming smarteredit
Many companies use the term artificial intelligence, or AI, as a way to generate excitement for their products and to present themselves as on the cutting edge of tech development
AIEmerging Technology40 Big Tech Predictions for 2019edit
Business Insider Intelligence, Business Insiders premium research service, has put together a list of 40 Big Tech Predictions for 2019 across Apps and Platforms, Digital Media, Payments, The Internet of Things, E Commerce, Fintech, Transportation & Logistics, and Digital Health
Digital TransformationEmerging TechnologyUsing AI to Solve Business Critical Problemsedit
Artificial Intelligence (AI) is the concept and study of systems with the sole aim of replicating a humans thinking structure amalgamated with the processing power of a supercomputer. The end goal of such systems is to make relevant decisions while taking into account both material and human factors involved in a situation.
AIbusiness automationTop 13 Instances Where Indian Government Rode The AI Train Successfully In 2019edit
By Ambika Choudhury
Over the past few years, there has been much concern around emerging technologies like artificial intelligence, robot process automation and Internet of Things, especially when it came to privacy or employment protection. Prime Minister Narendra Modis second term saw several new initiatives such as new Centres of Excellence (CoEs) for AI, new projects to support startups in emerging tech as well as usage of technology in law and order.
AIIoTRPACybersecurity: IoT malware, Web app attacks on the riseedit
IT security firm SonicWall has released new threat intelligence data from SonicWall Capture Labs, revealing 7.2 billion malware attacks were launched in the first three quarters of 2019 as well as 151.9 million ransomware attacks, marking 15% and 5% year-over-year declines, respectively.
CyberSecurityIoTIoT attacksAI IN BANKING: Artificial intelligence could be a near $450 billion opportunity for banks here are the strategies the winners are usingedit
By Eleni Digalaki
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.
AIBFSIAI and BI: Powering the Next-Generation of Analyticsedit
The explosion of new big data sources like smartphones, tablets and the Internet of Things (IoT) devices compel businesses to no longer be oppressed by massive amounts of static reports created by BI software systems. They need more actionable insights. This leads AI-driven BI systems that can transform business data into simple, precise, real-time narratives and reports.
AIAnalyticsIoTIndustry News: Future of Mobility
Mission 80-80-80: A five-step roadmap for cutting pollutionedit
Third, have we prioritised actions? When everything is considered important, nothing is important. In 15 UP city plans, there are tight timelines for major infrastructure changes. For instance, cities have 360 days within which to have electric buses and enough charging stations, with no reference to how these would be financed.
e-mobilitygreen mobilityGadkari calls upon automakers to develop agro based fuel using ecofriendly vehiclesedit
Speaking at Toyotas x EV Vehicle Technologies Demonstration and Experiential Driving (Hybrid, Electric and Hydrogen vehicles), he said, this will not only help in the reduction of environmental pollution but also has the potential for increasing farmers income in the country.
Automotive SectorEVBad news keeps coming for the global auto marketedit
And what of the electric vehicle market? It’s growing, and my Bloomberg NEF colleagues expect the year to finish with 2.2 million EVs sold, up 12% from last year. China’s market is up 30% year on year, even with a year-on-year drop in the third quarter. Last quarter, EVs were 4.4% of China’s overall passenger vehicle sales. On a four-quarter basis, though, China’s EV market has recorded its first downturn.
Automotive SectorEVICEIndia EVs Ecosystem market to reach $216.3 billion by 2030edit
The electric vehicles market is currently witnessing a high growth rate, owing to the changing trends in the automotive industry. Furthermore, the growing environmental concerns, coupled with strong push from the government to replace 30% of the total vehicle population by electric vehicle, are anticipated to propel the electric vehicle market in coming 10 years.
EVFuture of MobilityEV battery market pegged to hit 40.6 million units by 2026: Reportedit
With increasing production of electric vehicles, the global EV battery market volume is estimated to reach at 40.6 million units with a CAGR of 21.1 per cent by 2026 from 8.6 million units in 2018, according to a recent report by Fortune Business Insights report.
EVEV BatteryFuture of MobilityAre hydrogen powered cars the futureedit
By Vikram Chaudhary
Last week, Toyota Kirloskar Motor held a demonstration and driving experience of its electrified vehicles in Delhi, including the hydrogen powered Mirai (it means the future in Japanese). Similarly, Hyundai Motor India announced it is evaluating launching fuel cell electric vehicles (FCEV, powered by hydrogen), and has started feasibility study in India for the same. But what is an FCEV
Future of MobilityHydrogen Powered VehiclesIndustry News: Future of Work
The Role Of Technology In Recruitmentedit
The use of technology in recruitment, retention and reskilling can be a huge gamechanger to ensure the right kind of candidate is hired. This will help overcome the biggest challenge faced by startups high attrition, the primary cause for which is a cultural conflict between the employee/candidate and the business.
Future of WorkHiringRewind 2019: Some cases of major job losses in Indiaedit
Indeed, millennials aren’t over lazy; they are just wired differently with their upbringing. Maybe a few of them are lazy with addiction to social media, games, and entertainment, but most of them like to hustle in today’s world and instead of dismissing them, older workers and employers must make an attempt to understand them and engage them.
Future of Jobstalent acquisitionFuture Of Work Will Be A Result Of Multi-Dimensional Digital HR Transformationedit
It has been commonly observed that the HR business function, regardless of the size of the organization, has always been a relatively early adopter of innovations on the processor technology front. The term “Digital HR” carries different meanings for different organizations, based on the milestone reached in their digital adoption journey.
Future of WorkHRHow AI is changing the recruitment game in 2019edit
Artificial Intelligence (AI) has been around in recruitment for a while now. AI is not a trend in recruitment, popular now, gone tomorrow, but a must have technology here to stay. In a field where the numbers are overwhelming and time is of great essence, AI is becoming indispensable.
AIFuture of JobsrecruitmentAI on Wall Street: Robots in finance could wipe out some of its highest paying jobsedit
That’s the contention of Marcos Lopez de Prado, a Cornell University professor and the former head of machine learning at AQR Capital Management LLC, who testified in Washington on Friday about the impact of artificial intelligence on capital markets and jobs.
AutomationFuture of JobsFuture of WorkIndustry News: Education
Low quality of higher education a big concernedit
Chief operating officer of UST Global Manu Gopinath said that students in engineering colleges in the state should develop soft skills as better communication with clients was important to understand their requirements. He said that the quality of higher education was low and students should get opportunities to work on emerging technologies.
engineering educationHigher Education