DiGiSPICE: Industry Monitoring 12 to 14 January 2019
- Priyanka Kanodia
- Jan 15, 2019
- 8 min read
DiGiSPICE
Industry News
Subex Launches Advanced Anomaly Detection System
Publication- CXO Today
Edition- Online
Date- 12 January, 2019
Telecom analytics solution provider, Subex, announced the launch of a new brand, CrunchMetrics, an advanced anomaly detection system designed to help organizations discover business opportunities and mitigate risks in real-time. It leverages the combined power of statistics, Artificial Intelligence (AI) and Machine Learning (ML) to sift through data and identify anomalies that are a representation of business impact. CrunchMetrics is vertical agnostic and has a wide range of use cases for Telecom, Retail and FinTech verticals at launch. CrunchMetrics is a division of Subex Digital LLP, a wholly owned subsidiary of Subex Limited.
Rapid digitalization across industries today has led to a massive explosion of data volumes where years’ worth of data in the last decade is now being generated in the matter of a few hours. While organizations are doing reasonably well to capture and store this data, the mechanisms to truly make use of such huge volumes of data are unable to match the current volumes and velocity of data being generated. Due to this challenge, organisations fall short of responding to significant changes which can improve business critical functions.
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Ericsson-Reliance Communications Tussle: Caught in a Tangle
Publication- India Legal Live
Edition- Online
Date- 13 January, 2019
The on-going tussle between Ericsson and Reliance Communications (RCom) in the Supreme Court makes an interesting case study on corporate disputes and its effect on the rule of law, as also on the public exchequer. The case was initially fought between Ericsson and RCom in the National Company Law Tribunal (NCLT) in Mumbai for the recovery of dues to the tune of approximately Rs 1,500 crore that the latter owed to the former.
The case has also entangled the Department of Telecom (DoT) which has an independent claim of more than Rs 2,800 crore from RCom towards spectrum usage charges. The dispute can be traced to 2013 when Ericsson entered into agreements with RCom and its Group companies (Reliance Infratel Limited and Reliance Telecom Limited) for managing and optimising the latter’s telecom infrastructure.
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Paytm to enter crowded OTT space, forms content partnerships
Publication- Tech Circle
Edition- Online
Date- 14 January, 2019
Digital payments company Paytm is entering the over the top (OTT) space with video partnerships, a report in The Economic Times stated. This will be the wallet firm’s second attempt at content after it launched short videos on its app and formed OTT partnerships with channels like SonyLIV, short videos from FunkYou and YuppTV for news updates. Paytm has started hiring a team to set in place content partnerships, the ET report added. In January 2018, news reports indicated that Alibaba, an investor in Paytm, was planning to launch content in India through Paytm and UCNews, the news aggregation platform of UCWeb Inc a business arm of Alibaba Mobile Business Group.
After launching its e-commerce vertical Paytm Mall, the company is now adding content and gaming to its platform for its users. In August, One97, Paytm’s parent company, moved its executive Sudhanshu Gupta to head Gamepind, its joint venture in gaming with Alibaba-owned AGTech Holdings Paytm said in January 2018 that it was revamping its gaming services vertical (https://www.vccircle.com/paytm-having-another-go-at-gamingrevives-gamepind-with-alibaba-owned-agtech/).
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Dow Jones' DNA platform produces big data for machine learning
Publication- Computer World
Edition- Online
Date- 13 January, 2019
Dow Jones, the longstanding financial news behemoth founded more than 130 years ago, has developed its own mass data service called DNA that allows clients to extract pre-existing and real time data for their operations. Some of the biggest clients are industries such as biological surveillance, reinsurance and capital markets. The Data, News and Analytics platform, or DNA for short, was launched in March 2017 but is still in beta.
General manager of the DNA Platform and Technology Partnerships at Dow Jones, Niranjan Thomas, explains the business case for making its data sets more readily available: "A couple of years back, what became really quite clear to us, both internally and from the market was that we really needed to be able to unlock all of the great data assets that we have and make it easier for one of our enterprise customers to be able to get at that data programmatically."
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India’s Smart City Dream: What is the role of intelligent transport management system?
Publication- The Economic Times
Edition- Online
Date- 14 January, 2019
Imagine living in a city that understands you, your needs and always steps up to provide for them. A city that is effortless to live in, thanks to the seamless planning that went into every aspect of it. Whether it is transportation, infrastructure or overall development - a city which always stands true. This is the dream that has given the birth to India's Smart Cities Mission. The emergence and development of smart cities in India is active for quite some time now. The emergence of new and exciting technologies that continue to make cities smarter has only added fuel to this dream and one aspect of building a smart city that holds critical importance has to be having an intelligent transport management system. What is intelligent transport management system?
Transportation plays a significant role in the transformation of a smart city. An intelligent transport management system is the one which is integrated with Information and Communication Technology that ensures easy commute options for the people in the city. With millions of people choosing to commute via different public transportation options, having a system that is smooth
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Botnets: Quiet threat inside IoT devices with lack of security protections
Publication- Business Standard
Edition- Online
Date- 14 January, 2019
As Americans increasingly buy and install smart devices in their homes, all those cheap interconnected devices create new security problems for individuals and society as a whole. The problem is compounded by businesses radically expanding the number of sensors and remote monitors it uses to manage overhead lights in corporate offices and detailed manufacturing processes in factories. Governments, too, are getting into the act – cities, especially, want to use new technologies to improve energy efficiency, reduce traffic congestion and improve water quality.
The number of these “internet of things” devices is climbing into the tens of billions. They’re creating an interconnected world with the potential to make people’s lives more enjoyable, productive, secure and efficient. But those very same devices, many of which have no real security protections, are also becoming part of what are called “botnets,” vast networks of tiny computers vulnerable to hijacking by hackers.
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Accenture CEO Pierre Nanterme steps down for health reasons
Publication- Livemint
Edition- Online
Date- 14 January, 2019
Accenture Plc said Chief Executive Officer Pierre Nanterme stepped down for health reasons. Chief Financial Officer David Rowland was named interim CEO, Dublin-based Accenture said Friday in a statement. Rowland also joined the board, and lead independent director Marge Magner was named non-executive chair, according to the statement.
Nanterme, who has held the top job since 2011 and also served as chairman, said in July 2016 that he had had surgery for colon cancer. The company said Friday that the reasons for his departure were related to that announcement.
Accenture, a consulting and outsourcing firm that employs 469,000 people, said there was no change to the business outlook it gave last month for 2019.
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AI, blockchain and cloud-based apps will be most transformative in ’19: IBM’s Natarajan
Publication- Livemint
Edition- Online
Date- 14 January, 2019
Subram Natarajan, chief technology officer of IBM India/South Asia, shares his thoughts on digital technologies like AI (artificial intelligence), blockchain and 5G, and their impact on companies. Edited excerpts: On AI (machine learning, deep learning), blockchain, IoT, AR-VR, 3D printing, automation and robotics.
All emerging technologies will make an impact in 2019 but AI, blockchain and cloud- based applications will be the most transformative across all industries.
IBM defines AI as “augmented intelligence”, because its true value lies not in replicating human intelligence but complementing it. And in doing so, it will do more than redefine how the world works—it will expand what people are able to work on, opening up entirely new avenues of innovation, exploration, discovery and industry. AI will also create new markets and companies, while transforming existing enterprises and government institutions from top to bottom.
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Here's How Blockchain is Poised to Disrupt Business Operations in 2019
Publication- Deccan Chronicle
Edition- Online
Date- 14 January, 2019
Technology is evolving at a rapid pace and what market experts believe is that 2019 will be the year when Blockchain - the backbone of crypto-currencies - establishes itself as the fastest-growing digital technology. For those not much familiar with Blockchain, it’s a distributed incorruptible digital technology responsible for maintaining a fully encoded database that serves as a ledger where all transactions can be recorded and stored.
The development of Blockchain technology is still in its early phase, yet its potential applications in digital marketing are already clear among the organisations that look forward to implementing it in their business operations. With technology all set to evolve the marketing automation space in the next few years, the marketers will soon have better tools handy in order to build and nurture trust-based relationships with the customers.
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Pundi X demos Blockchain-powered devices at CES 2019
Publication- BW CIO World
Edition- Online
Date- 14 January, 2019
At the Consumer Electronics Show 2019.(CES 2019), Pundi X, a leading global developer of blockchain-powered devices, introduced the XWallet mobile app which serves as a bridge to connect regular digital asset wallets with the Pundi X digital payment ecosystem. Pundi X also showcased a series of their blockchain enabled devices such as XPOS - Point of Sale devices that facilitates cryptocurrency transactions at any physical stores and the XPhone Prototype - a blockchain-based OS and transmission protocol for mobile devices, that allows users to make calls, send messages and transmit data via a fully decentralized blockchain network.
The XWallet app, which was officially launched late last year, after undergoing a period of beta testing is complementary to the XPASS card and/or can be used independently of it— is a critical addition to Pundi X blockchain ecosystem. It gives consumers complete control over the digital assets at their fingertips and allows them to make cardless/cashless digital asset transactions at their favorite retail stores.
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Trust to be integral part of CEO strategy in 2019: brand-comm summit
Publication- Indian Television
Edition- Online
Date- 12 January, 2019
Accenture India Pvt Ltd chairman and senior managing director Rekha Menon stated that there can be a signicant impact on value to a company from any compromise of trust. This is proved by the impact of the loss of trust on the revenues of companies. “Of some 7,000 companies studied globally by Accenture, 54 per cent of these organisations experienced a drop in trust. This had led to a revenue loss of over USD 180 billion. Considering these, it is essential that trust be an integral part of the CEO strategy,” she said.
Speaking on the subject of need to build trust among consumers is integral to the success of any brand at the summit, Mindworks CEO R Gopalakrishnan said that when crisis hits, there is panic within the company and its board. Under such adverse circumstances, the role of the leader becomes integral in decision-making. However, such decisions need to be taken in sync with the DNA of the company.
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Xiaomi to invest over 10 bln yuan in AI, IoT over next five years
Publication- The Rahnuma Daily
Edition- Online
Date- 14 January, 2019
Chinese tech giant Xiaomi plans to invest over 10 billion yuan in artificial intelligence (AI) and the Internet of Things (IoT) over the next five years, the company’s CEO announced Friday. The company’s growth strategy for the near future will focus on smartphones as well as AI and IoT technologies and applications, said Lei Jun, Xiaomi founder and president.
The decision came after Xiaomi inked a strategic partnership with home appliance maker TCL and bought a tiny portion of the company’s shares weeks ago. The alliance and investment will strengthen Xiaomi’s home appliance business in terms of supply chain and manufacturing, especially in air conditioners and washing machines.
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