DiGiSPICE: Industry Monitoring 17 May 2019
- Priyanka Kanodia
- May 20, 2019
- 6 min read
DiGiSPICE
Industry News
Issuing 5G trial spectrum to telcos in DoT's 100-day agenda
Publication- Livemint
Edition- Online
Date- 17 May, 2019
India wants to keep her date with the global 5G roll out in 2020. With Lok Sabha elections entering its last phase, the 100-day action plan prepared by the Department of Telecom (DoT) has put 5G technology trials and its experimentation with spectrum on top of the agenda of the new government.
The new government at the Centre will have the task of issuing 5G network trial licenses to the telcos along with the spectrum. The allocation will take place as soon as the new government takes charge, which could be in June, and depending on their readiness, the telcos could start the initial 5G run in the same month. The network trial licenses will be issued before that, said an official source. The three equipment vendors who have got the green signal from the panel are Samsung, Nokia and Ericsson, sources said.
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Spice Money crosses 12 mn transactions; achieves Rs 2400 cr in GTV in April
Publication- United News of India
Edition- Online
Date- 17 May, 2019
Tech-enabled Hyper Local Payments Network Spice Money has recently carried out 12 million transactions within the month of April and the transactions have generated a massive Gross Transactional Value of Rs 2400 crore, the company said in a statement here on Thursday. A business unit of Spice Digital, Spice Money has introduced new product offerings and enriched existing ones to further its goal of extending digitized transactional benefits to a large section of people who have little access to conventional financial facilities. Spice Money, in addition to its Aadhaar Based payment system, has added a Mini-ATM feature that enables users to carry out debit-card based transactions.
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Moneycontrol Special on hiring trends-Part 4| Diversity no longer checkbox item in IT companies
Publication- Money Control
Edition- Online
Date- 17 May, 2019
The Indian IT industry generates at least one lakh new jobs a year. But if you think that makes jobs readily available, the reality is different. That is because the industry, which employs more than four million people, has changed the way it hires. Basic skills are no longer in demand, and companies want candidates to be job-ready from day one. At a time when the sector continues to be on a hiring spree, Moneycontrol looks into what has really changed in the way IT companies recruit. The five-part series looks at each emerging trend with a detailed lens.
Vinita Shrivastava, the chief people officer – Sasken Technologies, said that they were planning to use design thinking in their hiring, retention, and leadership building processes to come up with the right solutions for removing implicit gender biases.
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RBI to bank on data analytics for timely fraud detection
Publication- The Times of India
Edition- Online
Date- 17 May, 2019
The Reserve Bank of India (RBI) will promote the use of data analytics to identify cases of fraud and help instant response and recovery actions, such as blocking irregular transactions before payment authorisation. This and a raft of measures are part of the central bank’s vision 2019-2021 for payments and settlements systems in the e-payments space, which aims to deepen electronic payments and over time reduce the demand for cash.
The four goal-posts of Vision 2021 with 36 specific action points over the 36-month time frame are expected to usher in ease for the customers and improve efficiency in e-payments and settlements. The measures include harmonising the turnaround time for resolution of customer complaints. “The RBI will be addressing the various facets in this regard, with the objective of optimal time lines expected to result in customer delight and certainty of conclusion,” said the vision document.
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Blockchain Company Coinplug To Participate For Blockchain Solutions Development
Publication- Owlt Market
Edition- Online
Date- 17 May, 2019
A blockchain company called Coinplug will take participation to develop blockchain solutions. A government-backed institution has selected the company for the development of the solutions. It is the fourth time in a year for the company to be selected in solutions development. In 2019, the government of South Korea supports a few sectors such as R&D, public and private. The company is a member of a consortium. It has got 6.2 Billion Korean Won for this participation.
Hundreds of opportunist tried for the selection in one of the projects. The competition for government-backed projects wasn’t easy. The company will develop a platform called self-sovereign identification platform in collaboration with the Electronics and Telecommunications Research Institute (ETRI). The platform will be designed in such a way that it can work independently, rather than depend upon a specific blockchain. It can only show the needed or requested information. The goal of the platform is to ensure privacy protection and achieve true interoperability.
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Deep Dive: How Big Data & ML Is Helping Clovia Conquer $6.5 Billion Lingerie Market
Publication- Analytics India Magazine
Edition- Online
Date- 17 May, 2019
If there’s one high-growth company that has cracked the formula for applying machine learning to tap into the $6.5 billion lingerie market in India, it’s Clovia. Noida-headquartered lingerie e-tailer company backed by investors like AT Capital, IvyCap Ventures, Singularity Ventures, Mountain Partners AG among others was recently in the news for raising $10 million in the Series B funding round led by AT Capital along with existing investors IvyCap Ventures and private investors.
In this weekly column, we spoke to Neha Kant, Founder, Clovia to understand the algorithmic rise behind Clovia’s phenomenal growth and how the lingerie upstart is close to unseating its biggest rival in the market. As per a news report, the firm clocked ₹51.8 crore for 2017-18, a substantial rise from ₹38.7 in 2016. The bulk of the business comes from online, as Kant puts it, emphasising how the brand has grown year-on-year. Given that it is an online-first brand, 65% to 70% of sales come from the online channel.
“Offline channels are also growing fast but it is also capital intensive which means the product is not only the only variable there, other factors are also coming like location, etc,” she said. Currently, Clovia operates 12 exclusive brand outlets across major cities in India. Also, the brand is a perfect case study of how to build and scale businesses using intelligent models.
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6 Ways R Is Best Suited For Big Data Analytics
Publication- Analytics India Magazine
Edition- Online
Date- 17 May, 2019
R, the open source scripting language was released in 1995 and since then it has grown efficiently and has become a go-to language for the data scientists around the globe. R includes a large number of data packages, shelf graph functions, etc. which proves as a proficient language for big data analytics as it has effective data handling capability. Tech giants like Microsoft, Google are using R for large data analysis. In this article, we list down 6 ways R, the statistical language can be utilised for big data analytics.
1| Data Analysis
Exploratory data analysis is a term minted in data analysis using R. This is an approach for data analysis which includes a variety of techniques such as extraction of important variables, test underlying assumptions, maximising insights into the dataset, etc.
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Opera Set to Support Tron Blockchain Soon
Publication- Crypto News
Edition- Online
Date- 17 May, 2019
Browser Opera which has been in the news quite frequently, in the recent few months, announced that it was all set to support TRON’s TRX and other TRC-standard tokens within its browser. Not only that, but Opera also has its own cryptocurrency wallet which supports Ethereum and TRC tokens.
In March this year, Crypto-News India had reported that after launching a cryptocurrency-enabled browser for Android, Opera will soon launch one for iPhone. News reports stated that the newly launched browser will be called Opera Touch and it will enable one to browser a decentralized web that is commonly referred to as Web 3.0.
Krystian Kolondra, EVP at Opera, Head of Browsers said, “TRON is a popular, quickly developing blockchain with a swiftly growing dApp ecosystem. We are happy to open our browser to it. By opening products to multiple blockchains, we are accelerating the mainstream adoption of Web 3.”
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Atos launches hardware security module for security of IoT ecosystems
Publication- Money Control
Edition- Online
Date- 17 May, 2019
Atos announced the launch of its new Hardware Security Module (HSM) for IoT, a high-performance security device designed to protect IoT ecosystems through cryptographic features. The new HSM, part of the Horus portfolio, combines ‘as-a-Service’ access, centralized key management system and IoT security services for a fully-integrated solution.
The new Horus HSM for IoT by Atos is available for applications running in SaaS mode (software-as-a-service) and enables several tenants to benefit from ultimate encryption as if they had their own dedicated HSM. Indeed, the HSM solution is divided into several ‘security domains’ which can be personalized by each tenant, and act as tamper-proof strongboxes with high levels of isolation between tenants, users and roles. The security teams can remotely manage HSMs without any physical access - which simplifies security management and saves time.
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