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Industry News: Information and Communications
Towards a $1-trillion digital economyedit
The rollout of 5G will require a lot of Indian companies to experiment with new technologies. All investments made by companies in internet of things (IoT), machine-to-machine (M2M) and artificial intelligence (AI) for the next two years should be seen as R&D, and extended the related incentives. This will help kick-start IoT, M2M and AI in businesses in a big way.
AIDigital EconomyIoTFrom Budget 2019 to 2020: How to sustain a culture of innovationedit
While India is poised to leverage new technologies, such as AI (Artificial Intelligence), machine learning, IoT (Internet of Things) and blockchain, startups must align themselves with the new digital era. For India to realise its $5 trillion economy vision, key stakeholders right from the government to the corporates and individual entrepreneurs are responsible for spurring innovation forward.
BlockchainBudget 2020IoTDigital healthcare waveedit
Artificial Intelligence (AI) has redefined the healthcare sector in UAE, and has the potential to boost global GDP by 14 per cent by 2030800x60014Science and technology are making daily lives easier world over and Artificial Intelligence (AI) is harnessing the power of science and human intelligence in a unique way.
AIHealthcareDespite Slowdown India Inc. Optimistic About Budget 2020edit
He added, With technological disruption being a catalyst for the growth of startups today, we expect the government to make significant investments in technology hubs that will help strengthen emerging technologies such as artificial intelligence, machine learning, internet of things etc. Like technology, the other key sectors such as education, real state, fintech, startups and MSMEs too are expecting relief and policy measures that can drive growth.
Budget 2020Emerging TechnologyCan AI help in addressing challenge of lack of doctors for cancer care in Indiaedit
As we increasingly see technology playing a dominant role in our life, we are also faced with the question: to what extent can technology actually replace experts or humans Today, there is no industry more benefited by artificial intelligence (AI) and technology than healthcare.
AIHealthcareData Labelling: Teaching reality to computers is a Miracle Solution for India’s job crisisedit
We are prone to look at it as some sort of magic that techie kids are performing, but the truth is Artificial Intelligence, at this point needs help, a lot of help from human intelligence, and in that process hides a miraculous solution for a problem that India desperately needs to solve.
AIHuman IntelligenceWith Privacy as its Core Principle, Personal Data Protection Bill to Boost Digital Economy, Tech Sectoredit
The power of artificial intelligence (AI) and big data is mooted to be one of the drivers of the data economy. The Srikrishna Committee report on Data Protection clearly outlines that data asymmetry is the biggest barrier in harnessing data and unlocking the power of AI. As of today, data of Indian citizens primarily resides in servers outside the Indian territory.
AIData ProtectionDigital EconomyScope for moreedit
The last decade in India has been one of digital proliferation and the growth of both alternative and niche media. But as the number of news sites burgeoned, technology use became more about being found on Google and Facebook and less about tech enhanced journalism. It became about recommendation technology on websites using bots to both figure out consumer behaviour and direct them to other stories they might want to see.
digital disruptionEmerging TechnologyIndians see automation, but hopeful of keeping jobsedit
India tops the list in terms of expectation of jobs automation, as around 71 per cent respondents expect their jobs to be automated. Saudi Arabia comes second with 56 per cent respondents expecting jobs getting automated, and in China 55 per cent respondents feel the same.
AutomationFuture of JobsAI IN BANKING: Artificial intelligence could be a near $450 billion opportunity for banks here are the strategies the winners are usingedit
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.
AIBFSIThe AI & ML Fuelled Future Is Already Hereedit
Budding entrepreneurs explore examples where artificial intelligence and machine learning are already fueling products and services that they offer and in shaping next gen products.
AIMLThe age of cyberwarfareedit
Although traditional kinetic warfare has dominated the events taking place, American cybersecurity firms and agencies, such as the Cybersecurity and Infrastructure Security Agency, which is the Department of Homeland Securitys computer security branch, has warned customers and businesses to anticipate cyberwarfare attacks from Iranian sources.
cyber warfareCyberSecurityDefenceMobile attacks most dominant cyber threat in India: Check Point CEOedit
Given the combined nature of attacks these days, the company recently launched its consolidated solution Infinity Next, which is designed for a multicloud environment, internet of things (IoT) and mobile devices, and networks, Shwed said.
CyberSecuritysmartphoneHuman Intelligence By Augmented AI Is Transformativeedit
Artificial intelligence (AI) has become center stage in very conversation of the future even if evidence of its play and reward is still not aplenty. Entrepreneurs nonetheless understand that this is an opportunity they cannot afford to leave for later.
AIHuman IntelligenceDigital to Give an Edgeedit
The Industry is focusing on new age technologies such as artificial intelligence, robotics, Internet of Things, and 3D printing. We as a society should have a clear view of what the future is and what our own actions will look like.
AIIoTRoboticsCreating a Personal Connect with AIedit
Neon, the artificial human prototype conceptualised by computer scientist and inventor Pranav Mistry, created waves recently. The President and CEO of Samsung’s STAR Labs told ET’s Surabhi Agarwal in an exclusive interview that he created Neon because human beings are unable to connect with artificial intelligence (AI) assistants such as Apple’s Siri.
AIsmart devicesAutomation leading to increase in cybercrimes: Dr Sanjay Bahledit
Addressing the participants, chief guest Dr Sanjay Bahl, Director General, CERTIN, said as the world was moving towards automation and digital world, cybercrime was also increasing and posing threat equally. CERTIN was focusing on collecting, analysing and disseminating cyber threat intelligence to benefit those who were potentially impacted by these attacks, he said.
AutomationCyber crimeCyberSecurityIndustry News: Future of Mobility
Myths and truths: the owners of electric vehicles confessed about the problems in operationedit
The popularity of electric vehicles is steadily increasing. Every day there are more motorists moved into an environmentally friendly electric cars with a dirty engine. Because electric vehicles have a number of serious shortcomings, the vast majority of drivers still remains in traditional cars because of the fear of the unknown technology.
EVFuture of MobilityElectric Vehicles Could Get Less Expensive In India Starting 2022edit
The Central Government’s planning body, NITI Aayog, has proposed the development of high-output electric vehicle (EV) battery manufacturing facilities in India. According to a news report, the body is seeking Cabinet approval to set up these units and commence production by 2022. The Finance Ministry has already approved subsidies of Rs 700 crore for the first year.
e-mobilityFuture of MobilityNITI AayogHeres all you wanted to know about wireless chargingedit
Wireless charging can be used everywhere, in smartphones and IoT devices, but more importantly in medical devices. XNikola Tesla had suggested electromagnetic induction charging in the 1890s, and it is a variation of this technology that is used in wireless charging even today.
EV ChargingEV Charging InfrastructureIoTConnected cars poised to become common phenomenon in India: Reportedit
Connected cars are set to become a common phenomenon in the Indian market in the near future with rapid adoption of electric vehicles, according to a Deloitte report. The consumers willingness to pay for advanced and connected technologies has improved over the last two years which is evident in the rising sales of cars that are internet connected, despite the slowdown in sale of passenger vehicles, according to the report.
Connected CarsFuture of MobilityDraft policy seeks lower taxes for LNG, CNG vehiclesedit
Further, to promote the safe usage of CNG/LNG in the transport sector, state policy thrust may be given by rationalizing road tax for factory fitted CNG/LNG vehicles and making them at par with electric vehicles
Future of Mobilitytransport infrastructureBudget 2020: Will There Be Incentives To Buy Electric Vehiclesedit
There is a range of electric vehicles being launched and more will be coming this year. But will the Union Budget 2020 have more incentives for buyers of electric vehicles That’s a question many in the auto industry are asking and putting on the wishlist which they hope Finance Minister Nirmala Sitharaman will fulfill.
Budget 2020Future of MobilityIndustry News: Future of Work
HR Pros Focus On Employee Experienceedit
About 77 per cent of the HR professionals surveyed in India said they are increasingly focussed on employee experience to enhance talent retention, a report by LinkedIn said on Thursday
Future of WorkHRtalent acquisitionAt 98%, Indians most open to workplace automationedit
In a survey of around 10,000 professionals worldwide (10% Indian workers) by robotics process automation firm Automation Anywhere, Indian participants emerged as the most excited about experimenting with automation to reduce workload with 98% of them saying so.
AutomationFuture of WorkTomorrows Workplace: Humans And AI Coexisting As Colleaguesedit
For decades AI has aroused both fear and excitement. Mostly, there has been widespread fear of the possibilities of increased unemployment on account of workplace automation. However, in reality, APAC perception towards AI in the workplace has shifted more positively as more and more people developed a better understanding of AI and its applicability in the workplace to manage productivity.
AIfuture workplaceIndian tech industry faces biggestever challenge to recruit and skill over 2 million professionals, says reportedit
The Indian technology industry is facing its biggest ever HR challenge with the need to recruit and skill more than 2 million professionals, as growing demand for exponential tech professionals puts extreme pressure on it to remain globally competitive, according to a report.
HRIT IndustryrecruitmentSkilling84% Indians Hope to Retain Their Jobs Despite Automation: WEFedit
India tops the list in terms of expectation of jobs automation, as around 71 per cent respondents expect their jobs to be automated. Saudi Arabia comes second with 56 per cent respondents expecting jobs getting automated, and in China 55 per cent respondents feel the same.
AutomationFuture of JobsFuture of WorkHow artificial intelligence will change HR in 2020edit
Diversity and inclusion: Practices to become a more diverse workspace will remain a focus area this year and beyond. The epitome of the modern world lies in diversity. Companies will also increase investment in upskilling their workforce by introducing advanced learning modules and even collaborating with other companies for training.
AIHRUpskillingTalent shortages are at record highs: ManpowerGroupedit
Manpower Groups research report on Talent Shortage 2020 revealed that more employers than ever 54% reported talent shortages almost doubled as compared to a decade ago globally, and 63% in India. ManpowerGroup surveyed 14,000 individuals across 15 countries to understand what attracts them to an organization, what keeps them there and how that varies by geography, gender and at different stages of their career.
Future of WorkTalent DearthFuture of Workedit
Leading experts on the radical changes in jobs, workplace, skills, privacy and employee well-being Jobs, workplace, wages, well-being, governments and regulators are all in the midst of a whirlpool of change as a host of internal and external factors drive how we will work in the future.
Future of JobsFuture of WorkA quick look at skilling initiatives in 2020edit
Skill building and talent developments have been an important area of focus over the last year. Both public and private institutions have over the course of 2019 raised their investments into building and executing nuanced learning programs, all with the aim of bridging the skill gap. With productivity and profitability of the firm linked to its talent pool, business leaders across the board agree that reskilling initiatives are the need of the hour.
ReskillingSkilling73% software developers willing to invest up to Rs 20,000 yearly for upskilling: TechGigedit
The study shows that about 87% of respondents are looking to learn or adopt a new software development technology in the year 2020. Of these, about 73% of IT professionals are willing to pay Rs 10,00020,000 per year for upskilling
Future of JobsIT IndustryUpskilling69% of managers workload will be automated by 2024: Gartneredit
Some organizations are successfully using AI to make work accessible for those with special needs, said Poitevin. Restaurants are piloting AI robotics technology that enables paralyzed employees to control robotic waiters remotely. With technologies like braillereaders and virtual reality, organizations are more open to opportunities to employ a diverse workforce.
AutomationFuture of JobsFuture of WorkIndustry News: Education
Enrolment ratio in higher education to be almost doubled in 10 years: HRD Ministeredit
Union Human Resource Development Minister Ramesh Pokhriyal Nishank on Sunday said the government has set an ambitious target of achieving a 50 per cent gross enrolment ratio (GER) as compared to the current 26.5 per cent in higher education by 2030 to equip the working population with employable skills.
Future of EducationHigher EducationHRDBudget 2020 Expectations: Heres what NBFCs, education financing companies are expecting from Budgetedit
The 2019 Interim Budget announced an increase of 10 per cent in the education budget, for nationwide academic development. Similar changes are expected which will bring in more financial support to the education sector. Bringing in more technology in the classroom environments and introducing AI (artificial intelligence) with mainstream education are some of the major changes that can be brought.
Budget 2020Future of Education