DiGiSPICE: Industry Monitoring 11 April 2019
- Priyanka Kanodia
- Apr 17, 2019
- 9 min read
DiGiSPICE
Competitors
Ericsson showcases 5G, IoT use cases
Publication- Livemint
Edition- Online
Date- 11 April, 2019
Telecom technology major Ericsson on Wednesday showcased use cases of 5G and Internet of Things (IoT) here, including Ericsson Spectrum Sharing, Intelligent Managed Services and Communication on Smart Devices. The Swedish company also showcased other technologies such as the concept "radio access network" products called Radio Stripes, to new Artificial Intelligence (AI) and Machine Learning (ML) based ready solutions.
"Ericsson now has 18 publicly announced 5G deals with customer names globally and we have already shipped 3 million 5G hardware ready radios till now," said Nitin Bansal, Head of Ericsson India and Head of Network Solutions, South East Asia, Oceania and India. In another development, Bharti Airtel on Wednesday announced that it has selected Ericsson to expand its pan-India voice over LTE (VoLTE) services to offer HD-quality calling over 4G smartphones and smart watches.
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https://www.livemint.com/technology/tech-news/ericsson-showcases-5g-iot-use-cases-1554891503200.html
Subex partners with Telefónica on new cybersecurity venture
Publication- India Info Line
Edition- Online
Date- 11 April, 2019
Subex, a leading security solution and telecom analytics provider announced its partnership with Telefónica on a new cybersecurity venture focussing on IoT Security. This collaboration will be realised through a new cybersecurity unit recently launched by Telefónica. As the number of devices connected to the internet grows exponentially, the risks associated with them also grows in parallel. To address these threats and to promote IoT implementation, Telefónica has launched this initiative with a twofold objective. On the one hand, this unit will strive to expand the existing catalogue of IoT products and services offered to customers and, on the other hand, to develop new IoT security solutions to cater to the existing and emerging threats faced by businesses deploying IoT.
This unit will leverage Telefónica’s existing network infrastructure and the Kite Platform, an IoT connectivity management platform that allows businesses to improve efficiencies while reducing costs. As part of the new solutions developed by this new initiative, Telefónica, via its ElevenPaths cybersecurity unit, has expanded its collaboration with Subex, with whom it already offers a Fraud Management as-aservice solution (FMaaS). The new scope of collaboration extends to analysis of the data traffic generated by IoT devices, and detection of specific threats in this field.
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Industry News
Tanla Solutions Ltd Announces Closure of Acquisition of Karix Mobile
Publication- Business Standard
Edition- Online
Date- 11 April, 2019
Tanla Solutions Ltd ("Tanla") (NSE: TANLA) (BSE: 532790) today completed the acquisition ("Acquisition") of 100% shareholding of Karix Mobile Pvt Ltd ("Karix") and its wholly owned subsidiary Unicel Technologies Pvt Ltd ("Unicel") from Banyan Investments Ltd ("Banyan"), a company owned by funds affiliated with GSO Capital Partners L.P. ("GSO"). Consideration for the Acquisition was approximately Rs.340 Crores, comprising:
1. Rs.112 Crores in cash;
2. Preferential Allotment to Banyan of 2.20 Crores Equity Shares in Tanla at a Face Value of Re.1 only, at a rate of INR 56.79 per share totaling Rs.125 Crores; and
3. Tanla assuming the debt on Karix's book of Rs.103 Crores.
This acquisition is being funded by Tanla with cash on balance sheet.
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Exclusive: Smile Group backs gaming startup Zupee
Publication- VCCircle
Edition- Online
Date- 11 April, 2019
Indipepper Media Pvt. Ltd, which operates real money gaming startup Zupee, has raised a seed round of funding from Smile Group, the startup's co-founder told VCCircle. Smile Group, which owns and operates various properties in the consumer and internet media space, has invested $1 million (Rs 6.9 crore) in Zupee, said Dilsher Malhi. Zupee, which was started in May last year by Malhi and Siddhant Saurabh, will use the funds for business growth and to expand its team of 15 members.
The startup, which has been incubated by Smile Group since November 2018, is a real money question-and-answer app that allows users to compete live. Users can pick any topic ranging from movies to sports and academics. Last month, Mumbai-based fantasy sports startup HalaPlay Technologies Pvt. Ltd said it raised Rs 40 crore ($5 million) in a Series A round from mobile game developer Nazara Technologies Ltd and casino gaming company Delta Corp Ltd.
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Zerodha ‘worried’ about Paytm: CEO Nithin Kamath
Publication- Money Control
Edition- Online
Date- 11 April, 2019
Paytm is the only company that can compete with Zerodha's products, according to Zerodha CEO Nithin Kamath. "It isn't really about the pricing. It is about the product. That's where we currently enjoy a long distance from competition," Kamath told The Economic Times. “Whoever has a better product, wins,” Kamath said. Paytm Money last week received a green signal from market regulator Securities and Exchange Board of India (SEBI) to start their broking service.
Zerodha, established in 2010, currently has 8.47 lakh clients and is considered India’s top discount broking firm. Paytm, the flagship brand of One97 Communications, says its wealth management portal has crossed one million users within a few months of its launch. Zerodha does not charge any brokerage for delivery-based equity transactions and charges Rs 20 for equity options transactions.
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Netcore Solutions acquires AI chatbot company Quinto.ai
Publication- Tech Story
Edition- Online
Date- 11 April, 2019
Netcore Solutions has acquired AI chatbot company Quinto.ai. This acquisition gives Netcore access to Quinto’s conversational AI-powered chatbot engine and its employees. Quinto’s co-founder Hrishikesh Rajpathak will join Netcore as Chief Data Scientist and will lead its Machine Learning and Conversation Analytics initiatives. Quinto was earlier backed by Rebel Foods Pvt Ltd (formerly known as Faasos Food Services Pvt Ltd), who now exits with this deal.
Kalpit Jain, CEO, Netcore, said, “With the growth of Chat Platforms such as WhatsApp and Facebook Messenger, Voice Assistants like Siri and Alexa, as well as Smart Speakers, it’s no surprise that Gartner predicts that by 2020, customers will manage 85% of their relationship with an enterprise without interacting with a human.”
Kalpit Jain, added, “We believe that Conversational AI will be a strategic asset for Marketers in their Martech stack and it will reshape how brands and customers interact with each other.”
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Qubole partners with Google Cloud to improve data analytics experience
Publication- The Economic Times
Edition- Online
Date- 11 April, 2019
Qubole, a data activation and processing firm, has partnered with Google Cloud to enhance user experience in the field of data science and engineering. Through the partnership and product integration with Google Cloud Platform (GCP), said the company, enterprises would get the option to deploy a new enterprise analytics service with a better user experience through a unified workbench that includes notebooks, dashboards, a native interface for all commands, and built-in tools for easy, secure collaboration. For businesses a Qubole on the cloud will help reduce cost of operations for data analytics, said the company in the press release.
The “expanded partnership” will result in more collaborative processing of big data workloads with Apache Spark and Hadoop on Google Cloud. This will also ensure access to many data sources such as Connectors for Google Cloud Storage, Google BigQuery, Oracle, MySQL, Postgres, MongoDB, and more.
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How the onset of Blockchain and AI module is rebooting the start-up and venture capital space
Publication- ET CIO
Edition- Online
Date- 11 April, 2019
The Indian startup ecosystem experienced a rather sluggish period in 2016-2017 with early-stage deal–making slipping almost 45.76% Y-o-Y. This decline resulted in increase in consolidation activity as M&A jumped 75% Y-o-Y in the Indian startup industry. The stagnation is now gaining momentum owing to disruptive advancements and widespread adoption of emerging technologies such as AI & Blockchain to develop solutions that boost the capability of businesses to process data into efficient actions.
India has over 170 startups focusing on artificial intelligence (AI) and they collectively raised over USD 210 million in funding in the period 2016-17, subsequently there was 120 per cent funding growth for AI startups with USD 150 million investments made in this field in 2018.
Artificial Intelligence
The growth of these technologies are being facilitated by factors like massive increase in data generation as well as rapid advances in AI technology and its applications in unforeseen fields. These technology innovations have been led in part by startups that are leveraging artificial intelligence (AI) to develop solutions that boost the capability of businesses to process data into efficient actions.
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6 institutes collaborate to promote big-data research
Publication- The New Indian Express
Edition- Online
Date- 11 April, 2019
With an aim to promote big data methods in biological applications, six leading higher education institutes in the country, including IIT-Madras, have collaborated and established the first Joint Indian-German Research Training Group (RTG) on Bio Big Data Science, a release said.
The six institutes are IIT Guwahati, IIT Kanpur, IIT Madras, University of Allahabad, University of Delhi and Jawaharlal Nehru University. They have partnered with Heidelberg University, Germany, and Department of Biotechnology (DBT), Union Ministry of Science and Technology. The program aims at educating the next generation researchers in the vibrant field of science.
Michael J Winckler, Program Coordinator, Heidelberg University, said, “We hope to foster new and long lasting research collaborations with leading Indian institutions. The topics of this research training group are highly relevant for developing the biotechnology industry in both countries.”
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Big Data And Analytics Is Helping Retailers and E-commerce Firms Streamline Warehouse Operations
Publication- Analytics India Magazine
Edition- Online
Date- 11 April, 2019
The application of analytics and AI in warehouse management have been in practice for quite some time now. Retail and e-commerce giants are known to leverage the technology extensively from product assortment to inventory management. E-commerce giant, Walmart, is among the big companies that are using analytics to ensure smooth functioning of their warehouse. The company has a presence in 27 countries and an estimated 11, 766 stores are currently operational, requiring large warehouse maintenance across these countries to ensure seamless flow of goods to the end users.
According to the company, the firm relies on big-data and real-time analytics to get real-time analytics of workflow from its distribution centre to stores and e-commerce websites. With its vast pool of data from its several online stores and websites, the company relies on data analysis to drive product assortment. This is achieved by monitoring customer preferences, shopping patterns thereby accelerating their decision making on how to stock store shelves and display merchandise. Big data also help them procure nuanced information on new items, discontinued products and about particular brands which have higher demand.
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AI at the core of Google’s new moves on enterprise business
Publication- Factor Daily
Edition- Online
Date- 11 April, 2019
Search giant Google is making a big push to bake in artificial intelligence powered features into its suite of apps and solutions, bringing powerful new features to solutions it sells to thousands of customers over the cloud. “Google has invested many years of work in AI- ML… Voice, language, video, images, text, translation… on top of this platform, we have built a number of solutions to make it easy for our customers and analysts around the world to build models,” Thomas Kurian (in picture above), the newly appointed chief executive officer of Google Cloud, said on Wednesday in San Francisco.
At Next 19, Google’s annual shindig for enterprise customers, developers and partners, the company announced the new features making further inroads into the enterprise technology industry, traditionally dominated by services providers and digital transformation companies. The company announced features targeting enterprises in general and also features for the retail and contact centre industry. Here’s a quick lowdown on the key enterprise-AI announcements:
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Services key to channel success in big data and analytics
Publication- Channel World
Edition- Online
Date- 11 April, 2019
Partners building out IT services are best positioned to capitalise in a big data and analytics (BDA) market set to experience double-digit growth in 2019. That’s according to new IDC findings, with forecasts investment to reach US$189.1 billion globally, representing an increase of 12 per cent over 2018. Of note to the channel, IT services will be the largest category within the BDA market this year at $77.5 billion, followed by hardware purchases ($23.7 billion) and business services ($20.7 billion).
Collectively, IT and business services will account for more than half of all BDA revenues until 2022, according to IDC. “Digital transformation is a key driver of BDA spending with executive-level initiatives resulting in deep assessments of current business practices and demands for better, faster, and more comprehensive access to data and related analytics and insights," said Dan Vesset, group vice president at IDC.
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Gibraltar Stock Exchange Lists Blockchain-Based Securities
Publication- krypto Money
Edition- Online
Date- 11 April, 2019
The Gibraltar Stock Exchange (GSX) will begin listing of blockchain-powered securities on its practical listing venue GSX Global Market today, the firm announced the same on April 9.
The GSX will list a number of new products known as digital, smart or tokenized securities such as convertible bonds, corporate bonds, asset-backed securities, derivative securities, open-ended funds, and closed-ended funds, the announcement says. The firm further notes in the release that they plan to enable greater liquidity pools and facilitate democratizing the capital markets with the aid of distributed ledger technology (DLT). The GSX Global Market is touted as a practical listing venue option for issuers that provides users reduced timelines and listing costs, along with lighter reporting and disclosure framework than the GSX Main Market.
The press release notes that the GSX Global Market is a recognized stock exchange regulated in the European Economic Area (EEA), which does not require debt issuers with securities listed on the market to withhold tax on coupons under British law. These new listings followd the partnership of an integrated tokenized securities exchange product by GSX Group’s subsidiary Hashtacs and STO Global-X on April 5. The project will enable the stock exchanges and other qualified financial institutions to tokenize assets and boost the trading, clearing and settling of digital securities.
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