DiGiSPICE: Industry Monitoring 16 January 2019
- Priyanka Kanodia
- Jan 17, 2019
- 10 min read
DiGiSPICE
Industry News
Sasken Launches Automotive Center of Excellence in Detroit, USA
Publication- CIOL
Edition- Online
Date- 16 January, 2019
Sasken Technologies Ltd., formerly Sasken Communication Technologies Ltd., a leading product engineering and digital transformation solutions provider, announced that it has launched a state-of-the-art Automotive Center of Excellence (CoE) in Detroit, USA. The center, which was inaugurated by Dr. Kenson J. Siver, Mayor, City of Southfield, is part of Sasken’s nearshore strategy to cater to the needs of its customers in the Automotive segment.
Its main focus will be to develop cutting-edge solutions for the next generation of connected vehicles in areas such as Advanced Driver Assistance System (ADAS), Integrated Cockpit System (ICS), In-car Infotainment, and Telematics.
“Software is becoming a key differentiator in automotive today. Sasken brings a decade-long experience in delivering software solutions to its Automotive customers. And with our Automotive CoE, we aim to bring our key solutions closer to our customers in the region,” said Hari Haran, President-Global Sales, Marketing, and Business Lines, Sasken. “Our objective here is to anchor key programs while continuing to provide offshore delivery excellence,” he added.
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Sky-high salaries for blockchain pros
Publication- The Economic Times
Edition- Online
Date- 16 January, 2019
With a limited talent pool, blockchain techies are in huge demand, primarily at banks, nonbanking financial companies (NBFCs), global inhouse centres and other public sector firms. Blockchain skills will get you double, or even triple, the salary of a software engineer. Three years of experience in blockchain translates into remuneration of Rs 45 lakh or more, more than double of what even a techie (with no experience in blockchain or emerging technology) with five years of experience would get. “Salaries for ready-to-bedeployed techies with blockchain experience are twice that of a techie without blockchain expertise,” said Paul Dupuis, managing director, Randstad India.
“We believe the number of blockchain practitioners has increased by a factor of 100% over last year, with demand increasing equally.” “Salary offered to a blockchain techie with just five years of experience is almost at a par with that of a general manager in a bank with three decades of experience,” said Lohit Bhatia, chief executive, staffing, IKYA Human Capital Solutions, an HR solutions provider. IKYA currently has 20 blockchain search mandates from banks and NBFCs.
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On Big Data Analytics
Publication- The Economic Times
Edition- Online
Date- 16 January, 2019
Machine learning and data analytics are powering a wave of ground-breaking technologies. Companies considering how to invest in artificial intelligence (AI) capabilities should first understand that over the coming five years, applications and machines will become less artificial and more intelligent.
They will rely less on bottomup big data and more on topdown reasoning that more closely resembles the way humans approach problems and tasks. This general reasoning ability will enable AI to be more broadly applied than ever, creating opportunities for early adopters even in businesses and activities to which it previously seemed unsuited.
Current AI has lots of limitations. It especially has trouble handling “edge” cases — situations where little data exists for training. A driverless car … has trouble processing anomalies like children dressed in unusual Halloween costumes, weaving across the street after dusk.
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Blockchain, AI providing traction to India’s crowdfunding platforms
Publication- The Financial Express
Edition- Online
Date- 16 January, 2019
Although crowdfunding in India is at a nascent stage, with only 15 notable crowdfunding platforms (CFPs), the concept holds immense potential for the country’s startup ecosystem. People can utilise these platforms to raise money for projects and also to gauge public response, viability and popularity of the product. However, the notion of a regulated online CFP, especially with all the computer jargon accompanying it, is often unfamiliar to potential investors.
This makes it imperative for them to understand the benefits of blockchain and AI within a CFP and how CFPs will change P2P (Peer-to-Peer) lending and investing, and also guarantee the security of their investments.
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Industrial IoT, the next stage in manufacturing and engineering services, makes factories smarter
Publication- The Financial Express
Edition- Online
Date- 16 January, 2019
With the influx of new technologies in the industry today, the creation of a functional network that allows for every device to be in constant contact with every other device is of utmost importance. IoT has been integral to the formation of this network. A research by McKinsey & Company has suggested that the economic impact of IoT will reach $11 trillion by 2025.
This prediction is further strengthened by the success IoT has achieved with technology services firms who are set to witness the IoT services market growing to $270 billion in the next five years (by 2023) from its current worth of $106 billion. As we observe an increase in its adoption, another facet of the technology—Industrial IoT, is expected to be the next evolutionary stage in manufacturing and engineering services.
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It’s Time We Achieve India’s Smart City Vision
Publication- Business World
Edition- Online
Date- 16 January, 2019
In July 2018, a massive downpour hit Mumbai, flooding the city and its surrounding areas. Throughout the financial capital of India, traffic came to a standstill. Each year when monsoon hits Mumbai and the city floods, so are social media and news channels with tragic stories of its many stranded victims and inspiring stories of courage, support and mutual aid. Yet, Mumbai continues to face this year after year.
Now imagine another hypothetical scenario: several supermarkets are facing a crisis in a city with a population of close to 1.5 million as their shelves are running low on rice. The problem: a local logistics company missed processing the local grocers’ routine bulk orders to stock up rice supplies.
India has significantly evolved and progressed on many dimensions. According to the Asian Development Bank (ADB), India is the dominant economy in the South Asia sub-region.
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Blockchain Project OASIS BEBIT hosted Singapore Meetup successfully
Publication- BW CIO World
Edition- Online
Date- 16 January, 2019
Project OASIS BEBIT organized their very first meetup in Singapore. The meetup is an absolute success. During the meetup, Victor Kong WL, CEO of OASIS Magic Box gave a speech on the theme of OASIS CREATION STORY, announcing the official start of the meetup. He claimed, Oasis AI System has been endeavored to create a Global Social-Economic Ecosystem that support Impact Investing towards various organizations, aiming to generate a measurable positive impact alongside good financial return. Then, he illustrated the OASIS-BEBIT PLAN, which was divided into four phases. Both the first phase and the second phase have already been completed:
* April 2018, the OASIS AI SYSTEM 1.0 test launched; the ETH smart contract issued; 1.0 version of white paper released.
* December 2018, OASIS AI SYSTEM 2.0 launched; the main chain released simultaneously; 2.0 version of white paper released.
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Aeris and Roambee to Enhance Cold Chain Monitoring via IoT
Publication- BW CIO World
Edition- Online
Date- 16 January, 2019
Aeris, a technology leader in the Internet of Things (IoT), is working with the Roambee Corp., an IoT supply chain and enterprise asset visibility company, to help enterprises improve their monitoring of shipments and assets through IoT-based technologies offered by both companies. Roambee provides IoT-based real-time global condition monitoring and visibility services for in-transit goods and in-field assets. Roambee’s unique end-to-end solution simplifies global shipment visibility across the supply chain, including the entire cold chain process for enterprises.
The company provides patented hardware and software technology, combined with an array of senor data, analytics, predictive reporting and open application programming interfaces (APIs) to increase return on investment (ROI), improve supply chain operations, and reduce inventory loss.
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KONECRANES USES SIEMENS’ DIGITAL INNOVATION PLATFORM HARNESSING IOT TO BRIDGE VIRTUAL AND REAL WORLDS
Publication- Analytics Insight
Edition- Online
Date- 16 January, 2019
Konecranes, a Finnish company specializing in the manufacture and service of cranes and lifting equipment, has implemented Siemens’ digital innovation platform to accelerate its product development process and connect product and performance data together.
The company is using MindSphere, the open, cloud-based Internet of Things (IoT) operating system, and the Teamcenter® portfolio, the world’s most widely used digital lifecycle management software, to leverage the digital twin and reduce the number of physical prototypes, which helps to increase efficiency and decrease product validation time.
The Konecranes proof of value is one of the first implementations of IoT to develop a framework that connects and synchronizes the virtual (engineering design, analysis and simulation) and physical (testing and operational reliability) worlds.
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Unlimit, PTC to Roll Out Disruptive Manufacturing and Industrial IoT Solutions
Publication- CIOL
Edition- Online
Date- 16 January, 2019
Unlimit, the only end-to-end IoT service provider in India, part of Reliance ADA Group, announced its first OEM partnership in Industry 4.0 with PTC Inc, a global leader in Industrial IoT Platform. Through this partnership, Unlimit will leverage PTC’s ThingWorx platform to accelerate Go To Market (GTM) and build smart, connected IoT solutions for Industrial IoT and AR/VR experiences.
PTC will have access to Unlimit’s India presence, IoT expertise especially for the India market, and mutual customer connect in the Manufacturing and Industrial IoT sector.
Unlimit’s expertise on IoT implementations ranges from Connectivity to Device Management, Application Softwares and any form of Analytics.
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How offline food businesses are adopting analytics and IoT to drive growth
Publication- Tech Circle
Edition- Online
Date- 16 January, 2019
For Soulfull, a packaged food brand, technology is the backbone on which it runs its operations. This has allowed the company over the last two years to reduce the time taken for its products to reach the consumer from the farm by half. Run by Kottaram Agro Foods Pvt. Ltd, the Bengaluru-based startup's founder and chief executive Prashant Parameswaran said that the fresher a food product, the better it is for everyone. Backed by venture capital funds, the firm’s packaged products have a shelf life of nine months, which allows it to bring down inventory costs, storage or refrigeration costs, distribution costs, and even makes the food tastier, explained Parameswaran.
“When you compete against larger multinationals and entrenched food businesses like Britannia or ITC, the upstarts have to reduce wastage and improve all round efficiency from day one across the organisation. You have to be smart and it is way more important to us than for the larger players,” he added.
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This bank has settled forex deals worth $250 bn on blockchain
Publication- Tech Circle
Edition- Online
Date- 16 January, 2019
HSBC has settled $250 billion worth of forex trades using blockchain in the last year, it said on Monday, suggesting the heavily hyped technology is gaining traction in a sector until now hesitant to embrace it. The bank has settled over three million forex trades and made over 150,000 payments since February using blockchain, it said in a statement. HSBC would not give data on forex trades settled by traditional processes, saying only that those settled by blockchain represented a "small" proportion. Still, the data marks a significant milestone in the use of blockchain by mainstream finance, which has until now been reluctant to start using the technology at any scale.
Blockchain is a shared database that can process and settle transactions in minutes. Originally conceived to underpin the cryptocurrency bitcoin, the technology does not require third-parties for checks and its entries cannot be changed, making it highly secure.
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Accenture nds 82% consumers prefer companies with shared purpose
Publication- Indian Television
Edition- Online
Date- 16 January, 2019
The Rise of the Purpose-led Brand’ revealed that 82 per cent Indian consumers prefer to buy goods and services from companies that stand for a shared purpose that reects their personal values and beliefs, and are ditching those that don’t, according to new research from Accenture. The report has been created after conducting a survey on nearly 30,000 consumers from around the world, including 660 Indian consumers, to gauge their expectations of brands and companies today.
Accenture India geographic unit and country senior managing director Anindya Basu said, “Technology and media have empowered consumers to take a stand on their opinions and beliefs, and this has had a profound impact on how they evaluate their brand associations. Price, product quality and customer experience continue to be important considerations but a brand’s purpose beyond prot has emerged as a clear differentiator.”
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Gemalto integrates eSIM inside Cinterion LTE-M IoT module for AT&T network
Publication- Tech Observer
Edition- Online
Date- 16 January, 2019
Cybersecurity firm Gemalto said that it is wroking to simplify and secure IoT connectivity for AT&T customers by integrating its embedded SIM (eSIM) inside the Cinterion LTE-M IoT module.
The company claimed that the new solution streamlines development for OEMs and reduces the cost and complexity of IoT deployment by eliminating the need for SIM card integration after manufacturing. In addition, the eSIM helps maintain the strongest security levels with continuous security updates for the long life of IoT solutions. Samples of the new module are available with volume shipping to follow shortly.
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Orient Electric Launches IoT Enabled Smart Ceiling Fan
Publication- Express Computer
Edition- Online
Date- 16 January, 2019
Orient Electric Limited, part of the diversified USD 1.8 billion CK Birla Group, today announced the national launch of its new Aeroslim premium ceiling fan. Speaking on the occasion, Atul Jain, Sr. Vice President & Business Head, Fans, Orient Electric Limited said “Aeroslim sets new standards in the segment with its IoT controls, one-of-a-kind slim cylindrical design and energy-efficient inverter motor.
It’s a feature loaded fan delivering an astounding 240 CMM air delivery while saving 40% energy. We have emerged as a dominant player in the premium fans segment in the last two years and with the launch of Aeroslim fan and our recent launch of Lifestyle series of fans, we are hopeful of gaining a stronger foothold in the segment.”
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How Blockchain Technology Boosts Shipping And Food Industry
Publication- Owlt Market
Edition- Online
Date- 16 January, 2019
The Israel biggest cargo shipping company Zim along with the selected leading customers continue to work on Blockchain technology. They want to test the technology now as a solution to be used in different shipping lanes after the successful pilot of paperless blockchain-based Bills-of-Lading (B/L) in collaboration with Wave Ltd and Sparx Logistics. The pilot proved that the technology can replace paperwork in shipping industry and improve associated trade activities which are carried through emails, fax and other platforms simultaneously.
The company is also planning to focus on Asia-South Africa and North America-Mediterranean trades in the first quarter of 2019, and the purpose behind choosing these trades is their various activities and involved players.
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Blockchain ID Verification Eliminates Security Concerns And Paperwork Challenges
Publication- Owlt Market
Edition- Online
Date- 16 January, 2019
Blockchain ID verification is new idea that is breaking all the barriers of this new age technology. Indeed, blockchain has been pretty much hyped over the last few years about how revolutionary it is and what millennial changes it is likely to bring in our lives. Certainly, it wouldn’t be incorrect to say that this has begun with the finance industry where it is earning huge respect for its advantageous features. The next big segment which will get impacted with this emerging technology is the security sector, to be precise, identity verification.
ID verification has been there for many decades now that have helped in securing personal data, banking information, transactions and payment related processes. An Iceland base identity verification platform Authenteq that runs on two emerging technologies blockchain and Artificial Intelligence (AI) has caught the attention of blockchain industry. This company has been successful in raising about 5 million from investors. This was done with the help of an American technology firm Capital300 and Draper Associates.
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