DiGiSPICE: Industry Monitoring 02 to 05 March 2019
- Priyanka Kanodia
- Mar 6, 2019
- 9 min read
DiGiSPICE
Industry News
TRAI to decide on rules for internet calling, messaging firms soon
Publication- The Indian Express
Edition- Online
Date- 03 March, 2019
Telecom regulator TRAI will release its recommendations on the regulatory framework for over-the-top (OTT) services in a couple of months, its chairman RS Sharma said Tuesday. “We already have a paper on OTT (over-the-top). We will come out with appropriate recommendations and regulations in near future, a couple of months from now,” Sharma told PTI at the Mobile World Congress 2019 here.
The telecom sector at MWC has been displaying technology and sharing their plans around 5G services. The business of 5G will be dominated by data-related business which is expected to blur differences between services provided by Internet companies and telecom service providers.
The sector has been talking about the same set of rules for companies providing similar services. Indian enterprise messaging firm Tanla Solutions announced here that it has installed the first system to stop pesky calls and messaging system as per Trai rule on Vodafone Idea network that has gone live from Tuesday onwards.
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Oppo signs patent license agreement with Ericsson for 5G
Publication- Tech Observer
Edition- Online
Date- 04 March, 2019
Chinese smartphone maker Oppo and Swedish telecom gear maker Ericsson have signed a a multi-year global patent license agreement which it says focus on 5Gtechnology. In addition, the smartphone maker said that it is collaborating with Ericsson to work on multiple business project.
With 5G becoming the key for growth in future, Oppo has been partnering with various players. The deal with Ericsson is the latest in a series of patent license agreements by Oppo with key telecommunication industry partners including Qualcomm, Dolby and Nokia.
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OTT platforms need more passion projects, experimental content, original voices
Publication- Indian Television
Edition- Online
Date- 04 March, 2019
2018 saw various OTT players in India gain massive popularity. There are more than 30 sites serving hours and hours of original as well as syndicated content, in various languages, genres, and tastes. During the third edition of Indiantelevision.com’s The Content Hub, sponsored by MX Player, representatives from some of the top OTT platforms in the country the need of good and meaningful content and the kind of programs that can work in this dynamic world. Part of the panel were Addatimes Pvt Ltd managing director Rajiv Mehra, The Viral Fever (TVF) global head of business and content Rahul Sarangi, Viacom 18 EVP and head content Monika Shergill, MX Player chief content ofcer Gautam Talwar and One Digital Entertainment COO and cofounder Gurpreet Singh.
The panel was moderated by industry veteran and Hungama Digital Media Entertainment executive producer Sanjeev Lamba. The panel unanimously agreed on the fact that the greatest need of time is to procure and create high-quality original content that resonates with the audience. They stated that all the logistics; be it production or budgets, come only after people who can create and write quality content.
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Paytm introduces ‘Paytm First’ premium subscription-based loyalty program
Publication- Deccan Chronicle
Edition- Online
Date- 05 March, 2019
One97 Communications which owns the brand Paytm – India’s largest digital payments company today announced the launch of “Paytm First”, a premium subscription-based rewards & loyalty program for its users. With this, the company aims at offering exclusive benefits over and above the regular Paytm cashback offers while promoting further usage and increasing customer retention. The company further aims to sell over 3 Million subscriptions within the first year of its launch.
Paytm is offering “Paytm First” priced at Rs 750 with an inaugural cashback worth Rs 100 for a very limited time. The Paytm First customers will enjoy a wide range of exclusive benefits from leading partnered brands. These include Zomato Gold membership, Annual Gaana membership, Annual Sony Liv subscription, ViU Premium, Eros Now Annual membership, Uber (benefits up to Rs 6000), Uber Eats (benefits up to Rs 2400) and many more exciting partner offers worth more than Rs. 12000.
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EOS Lags In Blockchain Development As Crypto Winter Bites
Publication- Krypto Money
Edition- Online
Date- 02 March, 2019
The development of EOS cryptocurrency has come to almost halt and reportedly, the $3.3 billion cryptocurrency is not the only one suffering, many other smart contract platforms where GitHub commits have observed plunged in recent months.
As per the data from Longhash, networks with smart platforms like EOS, Ethereum, and Tron has seen a downfall over the past three months. Even if we forgo, December as it is a month of holiday, where virtually every development slows down, the slowed down performance in the months of November and January is quite alarming.
There have been more than 4,000 commits in the past 12 months, whereas only 114 took place in the past three months on EOS. While, Ethereum and Tron also see some decline, though not as extreme. However, all the three platforms weren’t among the most active in terms of development as per CryptoMiso.
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BY 2025, THE WORLD’S DATA WILL GROW BY 5X PROPELLED BY BIG DATA AND IOT
Publication- Analytics Insight
Edition- Online
Date- 03 March, 2019
The Global DataSphere, a measure of how much new data is produced and replicated every year is all set to grow by more than five times within the next seven years. This mammoth growth projection was released by Seagate Technology PLC, an American data storage company. The major drivers in data growth worldwide belong to Internet of Things (IoT) devices, Big data, and Productivity data which show an incredible growth.
The Global DataSphere
The Global DataSphere quantifies and analyses the data created, replicated and captured in any given year anywhere across the world. It also analyses how much of that data is stored across different storage components like optical, tape, HDD, flash and memory alike. The data currently we have is huge, in terms of quantity. According to the IDC, the total data existing in the world or the DataSphere will grow from 33 zetta-bytes in 2018 to a mind-boggling 175ZB by 2025.
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BY 2025, THE WORLD’S DATA WILL GROW BY 5X PROPELLED BY BIG DATA AND IOT
Publication- Analytics Insight
Edition- Online
Date- 03 March, 2019
The Global DataSphere, a measure of how much new data is produced and replicated every year is all set to grow by more than five times within the next seven years. This mammoth growth projection was released by Seagate Technology PLC, an American data storage company. The major drivers in data growth worldwide belong to Internet of Things (IoT) devices, Big data, and Productivity data which show an incredible growth.
The Global DataSphere
The Global DataSphere quantifies and analyses the data created, replicated and captured in any given year anywhere across the world. It also analyses how much of that data is stored across different storage components like optical, tape, HDD, flash and memory alike. The data currently we have is huge, in terms of quantity. According to the IDC, the total data existing in the world or the DataSphere will grow from 33 zetta-bytes in 2018 to a mind-boggling 175ZB by 2025.
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The impatient consumer, IoT and the food of everything
Publication- India Retailing
Edition- Online
Date- 03 March, 2019
The diversity of food we still eat, and the lack of a clonal habit in food and beverage intake is a hall-mark reality of India. Literally no two families eat the same. The country is diverse in other ways as well. The country, which hither to was all about a home-kitchen oriented market, is eating out more than ever. Add to it the fact that we eat not only with our mouth but with our eyes and ears as well. With food television becoming a big thing, the food market is an exciting one to be in. A market that will possibly define some of the future trends in food and beverage for the world to watch, use and see.
In this essay, I am going to explore two different aspects that are defining food, beverage, its intake and the trends that will shape India later. One is a technology trend that will re-define it all, and the other is a consumer watch trend that goes with the way the new consumer in India is behaving. Let me lead with technology and move on to the consumer in the latter half.
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Blockchain startup InsinoVentures raises funds to escalate their services to international market
Publication- The Economic Times
Edition- Online
Date- 04 March, 2019
Gurgaon based blockchain startup Insino Ventures has raised an undisclosed amount of angle funding from a pool of HNIs. The company will use the funds for expanding to new geographies, strengthening its product and developing technology. It is also looking to invest in international market by the end of this year. Insino Ventures is a blockchain and ecommerce startup headquartered in Gurgaon and Jaipur and founded by Animesh Joshi and Sanjay Goswami in 2018. The company providing service in cutting edge technologies in blockchain, Artificial Intelligence and Machine Learning to name a few. It has a dedicated product development team working on major flagship products, out of which one will be soon production ready and will go live by the end of this quarter.
Commenting on the fundraise, Animesh Joshi, the Co-founder of Insino Ventures, in a statement said, "The company aims to use the funds to invest in marketing and spread the company’s products abroad.This funding is a significant milestone in allowing us to expand the business, strengthen development and create value in the market with our features."
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Blockchain gains for food industry, to help farmers realise larger share in consumer’s spend
Publication- The Financial Express
Edition- Online
Date- 04 March, 2019
Application of blockchain in agri food industries is gaining ground as consumer awareness of food safety has been increased. On one hand, credible information increases the search costs for consumers, and on the other, demand for more food information reflects transparency and lack of trust. Related information and compliance issues for agri food industries are emanating from costly and inefficient paper-based transactions, fraud, corruption and error on physical and technology-driven systems, integrity of digital repository, and double-spend of certificates.
So, is blockchain a timely solution for agri food industries in terms of efficiency gains through improved coordination? It is clear that blockchain is becoming a tool for greater transparency on food for the consumer. Will consumers be ready to pay a price for it? If the industry raises the price, then the marginal gains are to be distributed to the downstream actors such as producers and aggregators. These issues are to be resolved at the regulatory and policy level.
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Bahrain Invites Indian Fintech Firms to Set Up Blockchain, Cryptocurrency Industries
Publication- Crypto News
Edition- Online
Date- 04 March, 2019
While the Indian government ‘mulls over cryptocurrency regulations’, other countries are already taking steps towards the same. In order to promote Bahrain, and by extension, Middle East, as a hub for business enterprises, the country has invited Indian fintech firms to set up business in areas such as open banking, blockchain, crypto assets, robo advisory and remittances.
Talking about extending the invitation to India, Bahrain Economic Development Board (EDB) Senior Manager (business development – financial services) Dalal Buhejji said, “Central Bank of Bahrain has put in the right ecosystem to support growth and innovation. We have seen different new regulations coming out recently to support open banking, crypto asset trade regulation and draft regulation on robo advisory.”
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Accenture, Tech Mahindra among others in race to acquire media solutions firm BORN
Publication- The Economic Times
Edition- Online
Date- 05 March, 2019
A clutch of global and Indian Information Technology Enabled Services (ITeS) majors Accenture, Cognizant, IBM and Tech Mahindra NSE -2.62 % is in race to acquire BORN (formerly Group FMG), a global marketing & media solutions agency operating in the US, Europe and Asia, two persons aware of the development told ET. BORN, owned by private equity funds True North Capital and Neeraj Bhargava’s Zodius Capital, is expected to be valued at $120-150 million (Rs 1,000 crore), said one of the persons quoted earlier.
BORN provides creative design, content production and ecommerce services combined with integrated digital marketing services across all channels – print, web, social, mobile, advertising and broadcast – to a roster of marquee clients including Sotheby’s, Red Bull, Skull Candy, Harley Davidson, Ferragamo, Fossil, Ethan Allen, Thomas Pink, Glanbia, Tetley Tea and Maxim. Avendus Capital is the advisor in the sale process.
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Top-tier Indian IT firms lose market share to Accenture for the first time
Publication- Livemint
Edition- Online
Date- 05 March, 2019
Global information technology firm Accenture Plc. has always given top guns in Indian IT a run for their money. However, given the company’s large revenue base, its percentage growth rates have lagged those of Indian firms, who have always seen an increase in market shares.
However, the company’s fortunes seem to have turned in the 12 months ended December 2018. Indian Tier I IT firms lost market share in dollar terms to Accenture, shows an analysis by Nomura Financial Advisory and Securities (India) Pvt. Ltd.
Accenture grew its revenues by 13.37% in the 12 months till December. Indian Tier I IT firms, in contrast, increased their revenues only by 8.54% in the past year.
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Piramal Glass Implements India’s First IoT Solution In The Glass Manufacturing Industry
Publication- Express Computer
Edition- Online
Date- 05 March, 2019
Piramal Glass, a global specialist in design, production, and decoration of glass packaging (flaconnage) solutions for pharmaceutical, cosmetics & perfumery, and specialty food & beverage industries, has deployed Microsoft’s Azure IoT platform to digitally transform its manufacturing operations. An early adopter of the technology, Piramal Glass has currently implemented the solution, Real-Time Manufacturing Insights (RTMI), on 46 production lines across their four plants at Kosamba and Jambusar in Gujarat, India, Sri Lanka and the United States of America. The plants have an overall capacity of 1375 tons per day, with 12 furnaces and 60 production lines, all of which run on a 24/7 basis.
Piramal Glass has leveraged IoT to get real-time visibility into its line manufacturing operations and to analyze production line losses at various stages. Using Azure IoT Hub, Microsoft helped Piramal Glass acquire data from sensors on production lines to identify quality parameters at each stage and get insights on line efficiencies in real-time. This resulted in improved production efficiency and cost reduction up to 70% as compared to a glass industry manufacturing execution system (MES).
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