DiGiSPICE: Industry Monitoring 06 March 2019
- Priyanka Kanodia
- Mar 6, 2019
- 5 min read
DiGiSPICE
Industry News
Paytm First subscription-based rewards and loyalty program announced
Publication- Digit
Edition- Online
Date- 06 March, 2019
Memberships and exclusivity seem to be the hip thing these days and keeping with the trends Paytm has announced its Paytm First subscription service. Described as rewards & loyalty program for its users, Paytm charges Rs 750 (Rs 650 for the first year) for availing the subscription.
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.
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3 Years In IT Sector, What Next: Study By AIM & Jigsaw Academy
Publication- Analytics India Magazine
Edition- Online
Date- 06 March, 2019
The field of information technology is evolving at a faster rate than usual. Areas like artificial intelligence, data science, data analytics and internet of things, among others, are now being integrated with industries across all sectors. Many times, it becomes difficult to keep a track of these technologies and keep up with them. Now, more than ever, we are seeing a pattern where young professionals are finding themselves confused about their future in the company — be it regarding their job roles, their progress, or even the fear of losing their jobs to machines.
Mohan Sitharam, the chief human resources officer at Subex, told Analytics India Magazinethat they always preferred to upskill and retain current employees than hire outside talent. “Subex is a product company with deep expertise in the telecom domain. For a business such as ours, it is an obvious choice to retain and upskill our engineers. We consider re-training our existing resources as raising the bar of our talent’s competence, and in our experience, we realise that the odds of advantage are twice when we retrain our existing talent, rather hiring skills.”
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Smart City: 40 projects to be tendered by May
Publication- The Times of India
Edition- Online
Date- 06 March, 2019
Smart City Thiruvananthapuram limited (SCTL) plans to tender around 40 schemes under the Smart City project by May 2019, said SCTL CEO P Bala Kiran on Tuesday. He was speaking at the launch of works of three schemes under Smart City project. “We completed situation analysis for 32 projects in eight months. Feasibility reports of 18 out of 43 projects have been prepared. Detailed project reports are ready for 15 projects and three expression of interests (EoIs) have been issued.
Ten tenders have been called for. We are working as a good team and 40 projects will be ready to be tendered by May and we can go into execution mode,” said Bala Kiran. He said that they will soon receive technical sanction (TS) for Smart Roads project for Manaveeyam and Chalai. Rooftop solar plant project has received TS and will be tendered.
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How Cryptocurrency and Blockchain Will Intersect with Virtual Reality
Publication- Krypto Money
Edition- Online
Date- 06 March, 2019
In the future, virtual reality will intersect with cryptocurrency and blockchain technology to create some exciting innovations. Below are a few ways this might happen.
Virtual Reality Platforms Powered By Cryptocurrency
Currently there is a virtual reality platform called Decentraland that is powered by the Ethereum blockchain. In this virtual reality world, users can create and explore various 3D creations while also playing games with others and socializing. It is kind of similar to Minecraft except that it is three-dimensional and fully powered by Ethereum. You can create and explore your various plots of land and you can even purchase your own land through the blockchain and cryptocurrency technology.
In addition, there is a Decentraland Marketplace where users can buy, sell, and discover parcels of land on Decentraland. The marketplace is an open market where the power is fully decentralized which is a pretty unique concept for virtual reality worlds.
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Retail Giant Carrefour to use Blockchain to Track Milk Product Supply Chain
Publication- Krypto Money
Edition- Online
Date- 06 March, 2019
Carrefour, the French retail giant, is set to integrate blockchain technology to keep track of the supply chain of milk products. The retail giant is continuing blockchain development by releasing a new distributed ledger technology (DLT)-powered product for tracking milk. According to the press release by Carrefour, starting from March 2019, Carrefour will launch its new blockchain-powered product, Carrefour Quality Line (CQL) micro-filtered full-fat milk. CQL is proclaimed to guarantee consumers complete product traceability across the entire supply chain — from farmers to the store shelves.
Thanks to CQL, consumers will now be able to identify how the GPS coordinates of farmers whose animals’ milk was collected, get information about when the milk was collected and packaged, alongside discovering what stakeholders are involved in the product line.
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Blockchain spending forecast to reach $2.9 bn: IDC
Publication- Infotech Lead
Edition- Online
Date- 06 March, 2019
IDC expects blockchain spending will grow at a 5-year compound annual growth rate of 76 percent over the 2018-2022 forecast period and total spending will be reaching $12.4 billion in 2022. The report said blockchain spending in United States will be $1.1 billion in 2019. Western Europe’s blockchain spending will be $674 million. Blockchain spending in China will be $319 million.
James Wester, research director, Worldwide Blockchain Strategies at IDC, said blockchain spending will be led by the financial sector, where the banking, securities and investment services, and insurance industries will invest more than $1.1 billion in blockchain solutions this year. The manufacturing and resources sector, driven by the discrete and process manufacturing industries, will be spending $653 million on blockchain.
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Future of IoT in India – current market trends and use cases
Publication- Wrie19
Edition- Online
Date- 06 March, 2019
The market potential of the Internet of Things in India alone is expected to reach USD 9 billion by 2020. With this, the IoT units in India can also see a rapid growth of 31 times to reach 1.9 billion by 2020.1 At present, there are approximately 7.6 billion people on the Earth. Nearly, 3.7 billion of these are connected to the Internet; roughly 50% of such connected population resides in Asia and 24% amongst them belongs to India.
Internet of things (IoT), with the capability to increase the connectivity of everything, everyone and everywhere, is changing the way we do things. India with a landscape of 120 IoT firms has the required technical skills to drive the IoT revolution making it one of the key countries poised for the implementation of large scale IoT projects.
IoT market trends in India
As per a joint report by IAMAI (The Internet and Mobile Association of India) and Deloitte, Industrial IoT is expected to surpass the consumer IoT space in India by 2020. It also predicts a $12 billion IoT opportunity. The accelerated pace of IoT adoption in the country will make sectors like industrial manufacturing, energy, agriculture, utilities, transport, and logistics lead the market, per the same report.
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