DiGiSPICE: Industry Monitoring 18 April 2019
- Priyanka Kanodia
- Apr 18, 2019
- 8 min read
DiGiSPICE
Competitors
Ericsson, Swisscom launch Europe's first large scale 5G network
Publication- ET Telecom
Edition- Online
Date- 18 April, 2019
Stockholm: Telecom equipment manufacturer Ericsson said Wednesday it had launched the first European large scale commercial 5G network together with Swiss operator Swisscom, as Ericsson posted a first quarter profit boosted by sales in North America.
The Swedish supplier of network equipment said in a statement that the 5G network, launched in 54 cities in Switzerland, had been switched on just after midnight on April 17, after Swisscom secured a license to operate a 5G network in the country.
Ericsson made the announcement as it reported a first quarter net profit of 2.4 billion kronor ($260 million, 230 million euros), compared to a net loss of 725 million kronor in the corresponding quarter a year ago.
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Why Ericsson may be asked to return Rs 580 crore to RCom; all that happened so far, and what’s next
Publication- The Financial Express
Edition- Online
Date- 18 April, 2019
Anil Ambani’s Reliance Communications, which recently had to pay Ericsson dues worth Rs 580 crore, saving its chairman from going to jail, may get the money back if it moves to insolvency proceedings, the NCLAT (National Company Law Appellate Tribunal) had said earlier last week. Since financial creditors get preference over operational creditors under the Insolvency and Bankruptcy Code of 2016, and Ericsson being an operational creditor, it will be expected to return the money it got in dues.
This is because the insolvency proceeding that Ericsson had initiated against RCom was put on stay by the tribunal, and the settlement between the two happened outside the insolvency provisions when the stay was in effect, said Daizy Chawla, a lawyer. Now, if the stay were to be vacated to allow the insolvency proceedings to resume, the settlement money paid in the interim would have to be returned, Daizy Chawla, Senior Partner, Singh and Associates, told Financial Express Online.
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Industry News
Sasken Technologies gains 11% on share buyback proposal
Publication- Business Standard
Edition- Online
Date- 18 April, 2019
Sasken Technologies gained 11 per cent to Rs 729 in the intra-day trade on the BSE on Thursday after the IT services firm announced share buyback plan. The company's board of directors will meet on April 23 to consider the proposal of buyback of equity shares of the company, quantum and mode of buyback, Sasken Technologies said in a BSE filing.
“The board will also consider the audited financial results of the company for the quarter and year ended March 31, 2019 and proposal for recommendation of final dividend,” the company said.The primary objective of a share buyback programme is to arrest the fall in the value of a stock by reducing the supply of the stock, which essentially pushes up the share price through a better price to earnings (P/E) multiple.
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Roel Wolfert Believes ‘Blockchain technology can transform the MENA region’
Publication- Krypto Money
Edition- Online
Date- 18 April, 2019
The cryptocurrency ecosystem has been focussed on achieving mainstream recognition, for which much cryptocurrency organizations have been striving to cater to the vast majority of geographical regions across the globe. Ripple with its efficient system for cross border transactions has been following the said aspiration and blog by Roel Wolfert, Managing Partner at VGrip titled “How Blockchain Will Help Banks Tap New Markets in MENA,” reiterated the same.
Coinciding with the conclusion Ripple Regionals MENA, a conference where proponents in the South Asian and Middle Eastern regions spoke about the need for a revamp in terms of transfer technologies, the Wolfert’s blog, states:
“Cross-border cash transfers can eat up as much as 9 percent of the amount sent, which makes it as profitable for the service providers as it is a bad deal for customers. It’s no surprise that fintech companies are using blockchain technology, mobile devices, social network plug-ins and chat services to disrupt the existing remittances process.”
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GiGA Chain And Other Blockchain Technology-Based Services To Enhance Security
Publication- Owlt Market
Edition- Online
Date- 18 April, 2019
A blockchain technology-based fifth-generation (5G) network brand called GiGA Chain and other blockchain-based services will enhance security. They will not only enhance security but also help in preventing cyber attacks on connected devices. On 16 April 2019, the telecommunications service provider of South Korea KT Corporation who has introduced the brand. The provider has also introduced the services.
It is expected that the internet of things (IoT) devices will increase more by 2021. It is important to ensure the safety of the connected devices. A GiGA Stealth technology is built to provide high-level security technologies in the 5G era. Anonymous hackers attack more to the IoT devices. Hacking attempts can be prevented through the technology. IP addresses of the connected devices are “invisible” to hackers through the technology.
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Big Data Analytics Support to IT Staffing
Publication- CIOL
Edition- Online
Date- 18 April, 2019
The amalgamation of AI, IoT, and Programmatic has given a new shape and dimension to modern businesses, and Big Data Analytics is the real catalyst for making this amalgamation possible. According to the research report of Gartner, the demand for big data will grow by 800 per cent in the next five years and 80 per cent of that data need will be fulfilled by unstructured data available on social media sites, online resumes & profiles, e-mails, and feed videos.
Big Data has contributed massively to varied industries and IT Staffing is one of its greatest beneficiaries. Amidst the changing global economic scenario, the IT industry is considered as the propeller of the change and its need of desired talent is being taken care of by the staffing industry through increasing use of Big Data.
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8 Questions to Ask to Choose the Right IoT Platform Provider
Publication- ELE Times
Edition- Online
Date- 18 April, 2019
The Internet of Things (IoT) is a buzzword in today’s world and needs no introduction. Almost every person is connected in one way or the other; businesses are now focusing on connecting the things in the physical world, bringing in unprecedented insights, value and benefits to consumers, institutions, enterprises and governments. While industry analysts have made varied predictions on how many things will get connected over the next few years – depending on what is considered as a ‘thing’ and what they consider as ‘connected’, it remains a fact that things are getting connected increasingly. There are literally thousands of entities from small start-ups to large enterprises working on IoT, in a myriad of applications that is limited only to one’s imagination, be it connecting the cars, pets, machines, trees, or bins.
However, connecting things or implementing IoT is not an easy task, especially when it comes to large scale implementation which involves many challenges as you go along – from idea to implementation. You need to be able to sense and collect data from these internet connected devices, store & analyze these data to translate into meaningful and actionable insights to produce the desired outcomes. You need a single system that enables to you to do all these seamlessly and securely. That is exactly what an IoT platform should do.
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USDT Debuts on Tron Blockchain Network
Publication- Crypto News
Edition- Online
Date- 18 April, 2019
Tron blockchain today saw successful launch of USDT in its blockchain network following the announcement last month from Tether on partnership with Tron to launch USDT in Tron network by Q2 2019. The Tether project was originally created to be blockchain agnostic and has seen successful implementation in Bitcoin and Ethereum networks since its debut in 2014. The USDT token provided by tether is backed by actual USD in their reserves account with claims suggesting that every token is backed on 1:1 ratio of USD while other reports claim they have backing from USD, loan extended to 3rd parties and cash equivalents in other currencies as assets backing the stable coin.
Due its popularity it is used as one of the major vehicles facilitating trade activities across major global cryptocurrency exchanges. Currently in the market, USDT has enjoyed widespread success in Bitcoin and Ethereum network as Bitcoin based USDT issued via Omni Layer protocol and Ethereum based USDT compatible with ERC20 standard.
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These are the data analytics challenges Indian banks are facing today
Publication- Money Control
Edition- Online
Date- 18 April, 2019
Banks and financial services companies today are facing increasing pressure to stay ahead of the curve. Understanding customer needs and preferences thus becomes a critical success factor for these organizations and data analytics can help them greatly in achieving these goals.
The Indian financial sector is definitely ripe and needs to leverage data in order to aid business transformations. But there are many challenges, which needs to be addressed at this stage.
Customer profitability: Personalized offerings are expected to play a big role in attracting and retaining the most profitable customers. It is important to understand the behavioral economics of each customer and find ways to gain wallet share in the most profitable segments.
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AI in IoT market worth $16.2 billion by 2024: Report
Publication- Money Control
Edition- Online
Date- 18 April, 2019
According to a new market research report published by MarketsandMarkets, the global AI in IoT Market size is expected to grow from USD 5.1 billion in 2019 to USD 16.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 26.0% during the forecast period.
The major factors fueling the market growth include the growing need for the effective management of data generated from IoT devices, streamlining production processes, and reducing downtime. The demand for enhanced customer experience through real-time monitoring is expected to provide opportunities for AI in IoT vendors.
The AI in IoT Market is segmented into 2 technologies, namely, ML and deep learning and Natural Language Processing (NLP). The ML and deep learning technology is estimated to hold a larger market size in 2018, owing to the increasing demand for automation of communications and personalized experiences globally.
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GlobalSign announces technology partnership with IoT firm Xage Security
Publication- Money Control
Edition- Online
Date- 18 April, 2019
GMO, a global Certificate Authority (CA) and provider of identity and security solutions for the Internet of Things (IoT), announced a technology partnership with Xage Security, an industrial internet-of-things (IIoT) cybersecurity company. To secure the industrial IoT, Xage employs its unique blockchain-protected Xage Fabric to safeguard every device, application, and human connecting to industrial networks, from edge-to-edge and edge-to-core.
With this partnership, Xage will be leveraging GlobalSign's IoT Identity Platform for certificate enrollment, bringing additional enrollment capabilities to Xage's distributed security fabric technology.
The strong and unique identities provided by GlobalSign's Public Key Infrastructure (PKI)-based solutions support Xage's device discovery process, as well as device authentication and authorization for the company's zero-touch, in-field device-to-application enrollment.
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EY releases zero-knowledge proof blockchain transaction technology to the public domain
Publication- Money Control
Edition- Online
Date- 18 April, 2019
EY announced that it will release its zero-knowledge proof (ZKP) private transaction protocol into the public domain to help accelerate the adoption of secure, private transactions over public blockchains. For most enterprises and investors, the inability to conduct secure private transactions has been a major obstacle to fully embracing public blockchain networks.
EY unveiled this first-of-its-kind technology in October 2018 at Ethereum Devcon in Prague. The initial prototype was a version of EY Ops Chain, an EY flagship blockchain business application platform adapted for use on the public Ethereum blockchain.
The prototype included a sample supply chain model built in the public Ethereum network using the private transaction technology and a challenge to developers and hackers to find flaws in the encryption and unmask the private information. Since the original solution debut, EY teams have worked to improve performance of the solution based on ZKPs.
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