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DiGiSPICE: Industry Monitoring 07 June 2019

DiGiSPICE

Competitors

DoT may consult Home Ministry, PMO on Huawei in 5G trials

Publication- NewsD

Edition- Online

Date- 07 June, 2019

The Department of Telecommunications (DoT) will consult with the Home Ministry and the Prime Minister’s Office (PMO) before taking a final call on allowing Chinese telecom major Huawei to take part in the upcoming 5G spectrum-based field trials, an official source said here. “It is a security issue not a telecom or technology one, Home Ministry will have to be in the loop and also the PMO whose views are very crucial on matters relating security of the system or country,” the official said.

“The call on such a decision will have to be with detailing and due consultation. We will also have to see worldwide how the issue has been handled by the governments wherever Huawei is operating. It’s a larger call than just a equipment supply,” he added. The government has constituted a committee headed by the Principal Scientific Advisor, to decide on Huawei’s participation in the 5G trials.

The three equipment vendors who have got the green signal from the panel are Samsung, Nokia and Ericsson. For the trials, Jio is likely to partner with Samsung, Nokia with Airtel and Vodafone Idea (VIL) with Ericsson.

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Industry News

Google buys data analytics firm Looker for $2.6 billion

Publication- Business Today

Edition- Online

Date- 07 June, 2019

Alphabet Inc's Google said on Thursday it would buy Looker, a privately held big-data analytics company, for $2.6 billion in cash, in the first major acquisition for new Google Cloud Chief Executive Thomas Kurian. Google's cloud computing division is a distant third globally to Amazon.com Inc and Microsoft Corp in terms of revenue from renting infrastructure and other computing tools to businesses. But Google Cloud's BigQuery, a tool for managing large datasets, has been among bright spots in attracting customers, according to cloud industry analysts.

Kurian told Reuters in an interview that doubling down on analytics made sense as he looked to fill gaps in his unit. Looker and Google Cloud have similar cultures and share more than 350 customers including Blue Apron Holdings Inc, and Hearst Communications Inc, he said.

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18 IOT DEVICES THAT MAKE YOUR HOME SMARTER

Publication- Digit

Edition- Online

Date- 07 June, 2019

It’s enthralling to witness the rapid progression of IoT (Internet of Things) through the years. While devices such as PCs, laptops and smartphones have enjoyed internet connectivity for years, products such as clocks, lights, doorbells, speakers, window blinds and many more are getting connected to the internet increasingly. Chances are that you can name any device and you will probably already be able to find a ‘smart’ version of it. IoT is a key component of home automation and smart homes. Let’s look at a comprehensive list of 18 IoT devices that will make your home ‘smarter’.

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Demystifying Blockchain: Abhijit Singh, Lead – Strategic Initiatives, Blockchain, ICICI Bank

Publication- Express Computer

Edition- Online

Date- 07 June, 2019

Blockchain technology has been growing and evolving, since early 2009. What was once thought of as a fad, is now on the brink of changing technology in a historically significant perspective. Just like Pong started the whole video gaming industry, spurring technology advances that have changed our lives forever, so has blockchain, as it continues to evolve into something much more than what it started out as.

In the beginning, blockchain was merely deemed as the technology supporting Bitcoin. This eventually evolved into:

Decentralisation of financial transactions

Decentralisation of data/information storage using a distributed, decentralised database

Eliminated to an extent the need for “trusted” third parties to verify transactions

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How Federal Bank Uses RPA, Analytics And Blockchain For Processes

Publication- Express Computer

Edition- Online

Date- 07 June, 2019

What does ‘Digital’ mean for your company, and what are the key elements of your digital strategy?

Digital is at the forefront of all that we do, and hence our theme is “Digital at the fore, human at the core”. Digital drives our business. Our digital strategy is multi-pronged. On one side, we focus on migrating existing customers to our various digital platforms, so as to complement branches to focus more on customer acquisition and customer service. On the other hand, digital is also helping the customers in improving ease of doing business by product and process improvements with the help of cutting edge technology.

With ever-changing customer behavior and technology lead disruptions, what is the future of banking and financial services?

Banking is here to stay. The world needs banking, probably the way in which it is done, whether it is through a brick and mortar environment or through a mobile banking channel or through a voice assistant or may be through a machine led economy, could change, but banking is part of the economic environment. What is important is to be ahead of technology and stay in the race.

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Medici Ventures Leads Funding Round For Blockchain-Based E-Voting Platform

Publication- Krypto Money

Edition- Online

Date- 07 June, 2019

Medici Ventures, the blockchain-based subsidiary of Overstock.com successfully lead a $7 million funding round for Voatz, a blockchain-based voting platform, as per a press release published on June 6. The unique blockchain-based voting platform is designed to enable citizens to vote in official elections and similar events via their mobile devices, such as smartphones or tablet computers. Based on blockchain tech, encryption, and biometrics, Voatz, reportedly aims at improving security, better convenience and auditability for voters and vote collectors.

As per Voatz, the $7 million funds collecting from the Series A funding round will be directed at improving accessibility and usability of the platform along with launching additional pilot programs in the United States and abroad. The firm also revealed that they have conducted pilot programs previously with a variety of organizations including state political parties, universities, labor unions, church groups and nonprofits.

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