DiGiSPICE: Industry Monitoring 03 January 2019
- Priyanka Kanodia
- Jan 3, 2019
- 5 min read
Competitors
With sales over 100% in 2018, Paytm Mall eyes $10 bn revenue by March
Publication- Business Standard
Edition- Online
Paytm Mall may have been a late entrant in the country’s e-commerce market but it has instantly made a splash, carving out a niche for itself in the midst of a broader transformation in the industry. Carved out of parent One97 Communication —mobile wallet Paytm’s parent firm —and launched as a separate business unit in February 2017, it is now the putative number three in the industry after Amazon and Flipkart.
In 2018, sales for Paytm Mall grew over 100 per cent over the previous year, according to multiple analysts. Company filings show revenue of Rs ...
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Creating a future-ready workforce
Publication- The Hindu Business Line
Edition- Online
Every other business today is in the midst of transformation. Swedish telecommunications and networking giant Ericsson has been on that path for nearly a decade, ever since it decided to get out of consumer businesses and focus on network infrastructure, software and services. Also, as Priyanka Anand, Ericsson’s Vice-President and Head, HR, South East Asia, Oceania & India, says, the company has been on a digital journey for a few years. Now with automation and Artificial Intelligence, there is even more transformation within the business, requiring a new talent strategy.
Recently Ericsson set up a global artificial intelligence accelerator in Bengaluru to focus on research and development in artificial intelligence and automation. The company will employ over 150 data scientists, data engineers, ML/AI architects, and software developers for the innovation hub.
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Industry News
Kellton implements new cloud-based AI-enabled IoT platform
Publication- Business Standard
Edition- Online
City-based IT services company Kellton Tech Solutions Wednesday announced the successful implementation of its cloud-based AI-enabled IoT platform - Optima - for one of its customers in the oil and gas industry.
Kellton's remote communication modular gateway Envision was used for this implementation, the company said in a statement. The customisable Optima connects multiple wells with controllers and analog and digital sensors to Envision, the statement said.
This integrated platform, when deployed in downstream oil and gas enterprises, can optimise and predict events and provide actionable insights and foresight to identify critical information, which cuts down the time wasted on cumbersome maintenance processes, it said.
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Blockchain Technology Maintain Data Verification And Records Of Retail Giant Amazon
Publication- Owlt Market
Edition- Online
The multinational retail company Amazon has been one of the pioneers in the adoption of blockchain technology. The e-commerce giant has announced two new services (Amazon Quantum Ledger Database and AWS) based on blockchain and distributed ledgers. The massive usage of this future technology is proving helpful for other companies also in the adoption Distributed Ledger Technology.
The latest Amazon Quantum Ledger Database (QLDB) is facilitating Amazon as a central trusted authority which is a completely managed by ledger database. This service makes use of cryptography in order to make sure that the log is a transparent, unalterable, and certifiable. However, the company officials revealed that as of now this service can only provide an append-only irretrievable journal which is maintaining the track of all records in the database.
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Promising Blockchain Projects Enhance Competence And Reduce Cost For Industries
Publication- Owlt Market
Edition- Online
The successful execution of several blockchain projects in 2018 has projected an immense growth for this industry in the coming times. The experts have now predicted that the coming year will mark the beginning of major breakthroughs in the blockchain industry. The market-leading companies of different domains have already begun researching and developing the best possible apps powered by the ledger. There are two highly popular blockchain platforms VeChain (VET) and Lisk (LSK) which are developing solutions which will probably be in high demand this year.
VeChain (VET) is a renowned blockchain-based supply chain management platform which facilitates the monitoring of inventory and logistics. The USP of this operating platform is that is can keep the track of items right from manufacturing process until their delivery. It is capable of tracking the entire life cycle of the products along with transactions. In addition to this, it is capable of finding out whether the product is authentic or not. VeChain has got into collaboration with the world’s second-largest professional services firm PricewaterhouseCoopers (PwC). Furthermore, it is also working on some projects with Microsoft and Hyperledger.
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IoT Security Continues To Be Greatest Challenge For Electronic Product Developers To Overcome
Publication- Express Computer
Edition- Online
Security for IoT continues to be the greatest challenge for electronic product developers to overcome, according to new research from Avnet, a global technology solutions provider. For this latest Product Developer Index, the company surveyed 1,190 members of the 1.3 million strong Hackster.io and element14 engineering communities to understand where they are focusing their development efforts, what the challenges are, and what has changed over the past year.
According to 61 percent of respondents, IoT and sensors are the most important technologies for products they’re designing today. IoT products saw the most significant growth in importance, up 14 percent from last year, followed closely by drones and robotics projects, which were up 8 percent. More than a quarter of developers (26 percent) also note that IoT is the most improved technology of 2018, followed closely by artificial intelligence (AI) at 25 percent.
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TRON to Focus on Blockchain Gaming in 2019 for Boosting Growth
Publication- Crypto News
Edition- Online
Justin Sun’s TRON may be setting new records of transaction volume and user accounts every day, but its critics can’t stop criticizing it for lack of dApps. That may change in 2019 though, as TRON seems to have started focusing particularly on one area that it can improve. That area is gaming, and there’re signs that TRON is going to focus a lot of its energies on it in this year. Want to know why we think so? Here’re a few of the recent developments:
Game.com partnership
TRON’s partnership with Game.com is unarguably the biggest development that reflects the interest of this network in gaming. Under the partnership, Game.com will launch several titles on the TRON blockchain, which will allow the players to use TRX for purchasing various elements of the games.
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iRAM Technologies: Unlocking the potential of IoT to build Smart Cities
Publication- Elets Online
Edition- Online
India, one of the fastest growing economies in the world, is set to become a global superpower soon. The rapid development of the India’s economy has resulted in majority of it’s young population migrating to cities putting huge pressure on the existing urban infrastructure. To address this the Government of India has launched the Smart City Mission – an urban renewal and retrofitting program that aims to develop 100+ cities across the country making them citizen friendly and sustainable.
Smart City, by definition, is a set of communities that are building infrastructure to continuously improve the life of their residents by harnessing the growing data revolution. A smart city is considered smart due to its inherent intelligence in dealing with its resources and environment by harnessing the potential of Internet of Things (IoT) and artificial intelligence (AI).
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Softbank’s VC Arm Rebrands; To Focus on AI, IoT, and Robotics startups
Publication- Indian Web2
Edition- Online
Japanese tech giant Softbank Group’s venture capital arm, SoftBank Ventures Korea, has re-branded as SoftBank Ventures Asia’ and will focus its emphasis of investments in Southeast Asia and China.
SoftBank Ventures Asia is the early-stage investment vehicle of the SoftBank Group and will act as the bridge to the SoftBank ecosystem by sourcing and funding the best startups and entrepreneurs.
Currently operating teams in Seoul, Beijing, San Francisco, and Tel Aviv, SoftBank Ventures Asia is now looking to expand its presence by opening offices and hiring investment professionals in Singapore and Shanghai.
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