DiGiSPICE: Industry Monitoring 09 April 2019
- Priyanka Kanodia
- Apr 10, 2019
- 8 min read
DiGiSPICE
Competitors
Ericsson may have to refund Rs 550 cr to RCom if insolvency proceedings revived: NCLAT
Publication- The Economic Times
Edition- Online
Date- 09 April, 2019
An appellate tribunal Monday said Swedish equipment maker Ericsson would have to refund the Rs 576 crore including interest it was paid back to Reliance Communications if the insolvency proceedings against the mobile phone operator are revived. In February, the Anil Ambani-owned telco had approached the National Company Law Appellate Tribunal (NCLAT) to withdraw the appeal it had filed last year for a stay on an insolvency petition against the telco admitted by the National Company Law Tribunal (NCLT).
NCLAT, on May 30, 2018, stayed the proceedings, subject to RCom NSE -4.69 % paying Ericsson Rs 550 crore as a settlement amount. "If we dismiss this appeal (against the admission of bankruptcy proceedings against RCom), then you (Ericsson) will have to pay back the money. Why should you (Ericsson) take the amount and the financial creditors suffer?" asked a two member bench led by Justice SJ Mukhopadhayay on Monday.
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Industry News
HalaPlay launches a new ad campaign "Bro Code" featuring Pandya brothers
Publication- ET Brand Equity
Edition- Online
Date- 09 April, 2019
HalaPlay, a fantasy sports platform, has appointed L&K Saatchi & Saatchi to handle their creative duties. HalaPlay wanted to specifically promote their fantasy cricket platform with cricket season underway in addition to the huge winnings. With brand ambassadors Hardik and Krunal Pandya, the agency rolled out a campaign that played on the importance of the ‘Bro Code’ and how this so-called sacred code can be broken when HalaPlay’s huge winnings are at stake.
Manish Agarwal, chief executive officer, Nazara Technologies Ltd. says, “We at Nazara, were looking for creative partners who can match the passion of HalaPlay founders to build a lasting legacy in the shortest possible time. The team at L&K Saatchi & Saatchi has been more than an equal match to the challenges thrown at them. This is a fantastic start to a long journey which all the teams have embarked upon and we are confident of establishing HalaPlay as a very strong consumer brand.”
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Announcement: Reopening comments on MediaNama. Here's why...
Publication- Medianama
Edition- Online
Date- 09 April, 2019
Once upon a time, we had a thriving comments section, with debates going into pages about opinions and news developments. We also had anonymity in comments, which enabled us to get some fascinating insight, the occasional troll, and some spam that missed the filter. MediaNama’s comments then saw participation from industry folks like Info Edge founder Sanjeev Bikhchandani, One97/Paytm founder Vijay Shekhar Sharma, Times of India group’s Satyan Gajwani, among several others.
As our readership and community grew, however, the anonymity began being abused: users began posting false information, and using the space to make unfounded allegations and resorting to abuse. Our operating rule for comments was: you can abuse this publication, you can abuse me (Nikhil), but no one else. Spam also went out of hand, and people began registering to leave abusive comments. The comments platform we were using, Disqus, also started showing ads which we felt weren’t the kind of ads we’d like showcased. We shut down comments because it was too much to handle. In any case, most commentary had switched to social media.
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Netcore Acquires AI Chatbot Startup Quinto.Ai
Publication- Business World
Edition- Online
Date- 09 April, 2019
Netcore Solutions, marketing technology company, acquired Quinto.ai, an AI chatbot start-up. With the IP and talent acquisition, Netcore gets access to Quinto's conversational AI-powered chatbot engine and its employees. Quinto’s co-founder Hrishikesh Rajpathak also joined Netcore as Chief Data Scientist and will lead its machine learning and conversation analytics initiatives.
Hrishikesh comes with over 12 years of experience in machine learning, deep learning and natural language processing (NLP) technologies. He has worked with multiple international clients in life sciences and BFSI domain as an AI consultant. He co-founded Quinto four years back as a food recommendation platform which later pivoted to a conversational AI platform.
Quinto enables businesses to automate conversations with customers and improve customer experience. Businesses across verticals can use Quinto.ai’s always-on 24x7 chatbot for automated product discovery, recommendations, Inside sales and Live chat. It can be integrated with Facebook Messenger, WhatsApp, Slack and other chat platforms.
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http://www.businessworld.in/article/Netcore-Acquires-AI-Chatbot-Startup-Quinto-ai/09-04-2019-168986/
Global IoT day: How IoT lapsed the security landscape
Publication- ET CIS
Edition- Online
Date- 09 April, 2019
In the IoT world, everything seems bigger. For sure not the devices themselves- they merely hold some chips which are usually out of sight and out of mind. But the absolute amount of data in these devices in the IOT is a headache for any cybersecurity professional. “ It is reported that the growth of IoT products/ devices will increase 31 times to 1.9 billion units by 2020.
Another prediction says that more than 65% of enterprises will adopt IoT products by 2020. With such enhanced IOT landscape, new vulnerabilities in these devices will become increasingly common”, says Gaurav Shukla, Partner, Deloitte India. With the increasing scale of data, increases the risk. In an interview with ETCIO, Shukla throws light on how cybersecurity advisers and professional s can stay ahead of these risks and challenges.
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SenRa and myDevices Launch IoT in a Box in India
Publication- Business Standard
Edition- Online
Date- 09 April, 2019
SenRa, a PAN India LoRaWAN network service provider, and myDevices, the Internet of Things solutions company, today announced the launch of IoT in a Box for the Indian market with the initial roll-out focused on providing end-to-end commercial refrigeration monitoring solutions. With India's IoT market poised to touch $15 billion USD by 2020, new and cost-effective solutions are an integral part of driving the market growth and IoT adoption in India.
With over 90 million commercial refrigeration units in operation around the world, the global demand for commercial refrigeration equipment is expected to increase 4.5% each year through 2020. The collaboration between the two companies will help drive India's digital movement into industries yet to be penetrated in the Indian market. The IoT in a Box's commercial refrigeration temperature monitoring offering will now drive IoT adoption into industries such as retail, supply-chain management, logistics, healthcare, and even hospitality.
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SenSen announces AI-powered Smart City App
Publication- Geospatial World
Edition- Online
Date- 09 April, 2019
Australian IoT solutions provider SenSen Networks has announced the launch of “world-first” smartphone app powered by artificial intelligence (AI) for smart cities. SenSen has built the app for governments, municipalities and cities that want an easily accessible and mobile way to check on all the operations run on their smart city platform.
Smart city leaders will be able to view civic compliance, asset management, traffic data, security and surveillance through Gemineye. The app runs on the cloud and utilizes AI to automate the process of pulling information from sensors, video feed and other data feeds.
“Cities worldwide look to provide their citizens with a number of civic services, including fair parking and guidance solutions, as well as ensuring they are safe and clean to live in. Technology is greatly enhancing the civic services cities can provide, but the cost of today’s specialist equipment and technology is prohibitively expensive for most cities in the world,” said Dr. Subhash Challa, CEO of SenSen Networks.
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Push for IoT in India: How Samsung plans to make Indian homes smart in future
Publication- Times Now News
Edition- Online
Date- 09 April, 2019
In India, South Korean tech giant Samsung is popular for its smartphones that populate the wide expanse of the budget to the high-end premium flagship segments of the market. The company is also known for its consumer tech products and has a strong presence in the market because of its range of appliances -- TVs, ACs, refrigerators and more.
However, little known is the fact that in India, Samsung also enjoys unrivaled dominance of a section of the industry that experts claim could define the future of not just the multi-billion dollar consumer tech sector, but also how we live our lives and interact with technology around us in the coming decades.
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Societe Generale-Owned Bank Launches ETN Based On Blockchain Sector
Publication- Krypto Money
Edition- Online
Date- 09 April, 2019
Kleinwort Hambros, a Societe Generale-owned private bank and wealth manager launches an actively managed exchange-traded note (ETN) that is targetted at the blockchain sector.
Announced on Monday, the London-based bank stated that the Luxembourg-listed ETN will invest in companies that could “profit most” from the development and increasing uptake of blockchain technology.
ETNs are basically unsecured debt securities, similar to exchange-traded funds (ETFs), are traded on a stock exchange. Initially, the blockchain note will have 20 stocks diversified across areas including technology, shipping, oil and gas, custody and industrials. Kleinwort Hambros’ portfolio manager John Birdwood said:
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IBM secures new Blockchain patent for data management for autonomous self-driving vehicles
Publication- Geospatial World
Edition- Online
Date- 09 April, 2019
Multinational computing giant IBM is adding to its arsenal of blockchain patents with a new implementation to manage data and interactions for self-driving vehicles (SDVs). The patent was published by the United StatesPatent and Trademark Office on April 2. IBM — which has, according to the documents, previously filed extensive patents for various inventions related to autonomous cars — outlines that a blockchain system could effectively enhance SDV configurations by allowing for robust privacy and information validation.
The context for prospective blockchain implementation would be a system wherein an SDV interacts and predicts the behavior of the drivers of non-autonomous vehicles nearby. The patent first outlines the various parameters that can be used to assess nearby drivers’ behavior, using a wide array of sensor technologies, and how these can be used to optimize risk assessment based on the predicted and the actual maneuver of nearby vehicles/drivers.
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Alteryx acquires data analytics firm ClearStory
Publication- Money Control
Edition- Online
Date- 09 April, 2019
Alteryx, a data science and analytics company, announced that it has acquired ClearStory Data, a privately held software company. ClearStory Data is an enterprise-scale, continuous intelligence analytics solution for complex and unstructured data. Since its founding in 2011, ClearStory Data has focused on enabling intelligent automation on large-scale data processing platforms, including Spark.
Alteryx identified synergies between the two companies and with this acquisition, is gaining a talented team and compelling technology. Located in the heart of the Silicon Valley, the acquisition creates a natural extension to the Alteryx technology center, needed to support the organization's rapid growth as a leader in the data science and analytics market.
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Blockchain-based platform launches beta network for data sharing
Publication- Money Control
Edition- Online
Date- 09 April, 2019
Ocean Protocol, announced the launch of its beta network. Ocean Protocol is a substrate that allows anyone to build data services and marketplaces on top and is launching with a mission to provide safe, privacy-preserving and borderless data sharing, to unlock the Data Economy.
"Today's beta release is a big milestone for our project and society as a whole. It marks the beginning of a new and open global Data Economy. With the beta network going live, data scientists and developers can start building and experimenting with new services and applications using Ocean Protocol," said Bruce Pon, co-founder of Ocean Protocol.
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NIIT Technologies to acquire WHISHWORKS, a MuleSoft and Big data specialist
Publication- Money Control
Edition- Online
Date- 09 April, 2019
NIIT Technologies Limited, an IT solutions organization announced that it has signed a definitive agreement with WHISHWORKS IT Consulting, an IT services and consulting company specializing in MuleSoft and Big Data technologies, to acquire a 53 percent stake initially, with the remaining equity to be acquired over the next two years through pay-outs linked to financial performance. The transaction closure is subject to fulfillment of certain government/regulatory approvals.
Over the years, WHISHWORKS has invested in building unique capabilities around MuleSoft's Anypoint Platform, the leading platform for building application networks, and today enjoys increasing market share and accelerated growth as a Strategic Consulting Partner of MuleSoft supporting the digital transformation journeys of organisations around the world. WHISHWORKS' consultants hold over 350 MuleSoft certifications, which makes it the largest pool of MuleSoft certified experts in the EMEA region and one of the largest worldwide.
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