DiGiSPICE: Industry Monitoring 24 January 2019
- Priyanka Kanodia
- Jan 29, 2019
- 11 min read
DiGiSPICE
Industry News
Reimagining India with a digital paintbrush: How digital transformation may boost GDP growth
Publication- The Financial Express
Edition- Online
Date- 24 January, 2019
By Dilip Modi
According to Microsoft-IDC Asia Pacific’s report ‘Unlocking the Economic Impact of Digital Transformation in Asia Pacific’, digital transformation is estimated to add $154 billion to India’s GDP by 2021. Within the next 4 years, digital technologies are also likely to contribute 50-60% of India’s GDP through direct or ancillary services, a substantial rise from the current 4%.
Public sector services, healthcare, education, logistics, retail, agriculture, the massive optimization ability of modern digital technologies can bring in layers of efficiency, cost-effectiveness and security to the entire economic system in India.
Please click on the link below:
Thomas Cook partners with Netcore's Smartech
Publication- Business Standard
Edition- Online
Date- 24 January, 2019
Thomas Cook, an integrated travel and travel-related financial services company, used Smartech Push Amplification to solve the issue of low delivery rates and regularly plaguing app push notifications. The results were extremely encouraging - a 44 per cent increase in push notification delivery rates. As a result, the campaign's Click-Through Rates (CTR) went up by 63 per cent.
The brand also succeeded in increasing its campaign revenues by 2.5 times with the help of Smartech, the AI-powered marketing automation and analytics suite by Netcore Solutions, a global marketing technology provider. Thomas Cook is blazing the trail for the data-driven marketer by relying on futuristic marketing technologies for successful digital marketing.
"Smartech's actionable analytics, advanced segmentation, and multi-channel marketing automation helped us increase our campaign revenues by 2.5X. The ML-powered automated and personalised engagement strategies helped us boost lead generation by 2X on Smartech, reducing customer acquisition costs by 50%. Smartech Push Amplification solved our biggest problem: low rates of Push Notification delivery. Our Push Notification delivery rate went up by 44 per cent and CTR by 63 per cent," said Abraham Alapatt, Group President, Head - Marketing, Service Quality & Innovation, Thomas Cook (I).
Please click on the link below:
Huawei reveals innovative chip for 5G base stations ahead of MWC 2019
Publication- Telecom Lead
Edition- Online
Date- 24 January, 2019
Huawei said the innovative chip Huawei TIANGANG will support 5G networks and 5G network deployment. The China-based company has won 30 commercial 5G contracts and shipped over 25,000 5G base stations globally. Ericsson, Nokia and ZTE are yet to reveal the number of commercial 5G deals they won. Huawei said its end-to-end 5G chips support networks of all standards and all bands such as C band, 3.5G, and 2.6G, helping telecom operator customers access the best wireless and microwave services.
Ryan Ding, Huawei Carrier BG CEO, said: “Huawei has capabilities to deliver end-to-end 5G, with simplified 5G networks and simplified operations & maintenance (O&M). We are leading the commercial rollout of 5G, and building a mature industry ecosystem.”
Please click on the link below:
Paytm Money enables MF investors to track performance of their investments on its app
Publication- Deccan Chronicle
Edition- Online
Date- 24 January, 2019
Paytm Money - India's largest online platform for Mutual Fund investments and the wholly owned subsidiary of One97 Communications Limited that owns Paytm, today announced that its users can now track the performance of all their Mutual Fund investments on the Paytm Money app for free. Investors simply need to upload their Consolidated Account Statement (CAS) generated via Karvy Fintech on Paytm Money and within minutes they can start tracking all investments in their portfolio right on the Paytm Money app.
Mutual Fund investors in India who have been investing through multiple channels including AMCs, banks, advisors & distributors over the years, face the challenge of tracking the performance of their investments in one place. This new offering from Paytm Money will bring the convenience mutual fund investors to view all their investments in one place and also to track their daily portfolio performance irrespective of their channel or the mode of investment.
Please click on the link below:
IT roadmap for blockchain technology in 2019
Publication- Computer World
Edition- Online
Date- 24 January, 2019
2018 was a testing year for the blockchain world. Blockchain struggled to find any kind of reasonable adoption in the enterprise, except for pilots. While the use case for virtual currency is still up for debate, the underneath blockchain technology has risen to be one of the major innovations in recent years.
According to tech experts, blockchain will solve a multitude of challenges faced by enterprises across legacy systems and create a more transparent ecosystem. IDG Media talks with technology leaders to understand where blockchain is headed in 2019.
Will 2019 be the year of blockchain implementation?
"Ethereum, IBM Hyperledger, Corda and Quorum are the dominant blockchain platforms now and we believe it is still early for any consolidation among blockchain platform providers,” states Raman Sapra, Executive VP and General Manager - Digital, Sasken. Focus on standardization led by alliances such as Blockchain in Transport Alliance (BiTA) and Enterprise Ethereum Alliance (EEA) will gather momentum in 2019. In a nutshell, this is the right time to be in digital transformation services leveraging blockchain, he adds.
Please click on the link below:
It's time for the entertainment industry to consider blockchain
Publication- ET Tech
Edition- Online
Date- 24 January, 2019
The entertainment industry is one of the most profitable businesses worldwide with significant marketing budgets. But, with profits, there have been significant losses too, mainly due to rampant piracy and copyright infringement.
As per a report by Digital TV Research, the cost of online piracy will hit $52 billion by the year 2022. Similarly, as per a 2017 global research conducted by the International Federation of the Phonographic Industry (IFPI), across 13 markets (11,776 users), music piracy is increasing worldwide.
Copyright Infringement is a major issue with nearly 40% of global consumers accessing unlicensed music. In this digital age, dealing with these losses is a challenging task for any leader and marketer.
Please click on the link below:
BTA releases blueprint for blockchain and social innovation
Publication- Deccan Chronicle
Edition- Online
Date- 24 January, 2019
At the annual Blockchain Dinner in Davos, Switzerland, New America’s Blockchain Trust Accelerator (BTA) is releasing a ground-breaking Blueprint for Blockchain and Social Innovation. The project, supported by the Tata Trusts -- India’s oldest philanthropy -- is being released to the public online and attendees at the 2019 World Economic Forum. The Blueprint is a guide to leveraging blockchain technology for the public sector and social impact leaders, with research conducted by the BTA at New America. In developing the Blueprint, researchers conducted extensive interviews with over 50 senior leaders in the fields of innovation, governance, and non-profit management.
The Blueprint provides a technical overview of blockchain technology and explores applications that increase security, accountability, and efficiency at every level of social infrastructure. The guide covers a broad range of structural, procedural, and technical questions that simplify the process for organizations considering whether and how to apply blockchain in their work.
Please click on the link below:
Data analytics improving PVR’s operations, customer strategies: CIO Rajat Tyagi
Publication- Tech Circle
Edition- Online
Date- 24 January, 2019
Ever since it started operations in 1997 with India's first multiplex, in Delhi, PVR Ltd has led the transformation of the film exhibition business in the country. Today, the company is the largest multiplex chain in India with about 750 screens. And as technology evolves, PVR is at the forefront again. In a conversation with TechCircle, the company’s chief information officer Rajat Tyagi said that PVR has been working with data analytics and machine learning to devise new operations and customer strategies. Edited excerpts:
What are the new technologies that PVR is using and in which areas?
We are trying to make the most of technology to help us expand our business in India. We saw close to 7.6 crore admissions (moviegoers) last financial year; this year we expect to go beyond 9 crore admissions. We have started to use data analytics, machine learning and other solutions that are shaped to help us gain insights that we later use to improve our products and services. There are three main key focus areas of how we see ourselves using technology: 1) To improve consumer delight or experiences; 2) improve internal efficiency and 3) experiment with ‘bluesky’ innovations. As part of the third piece, we experiment with a lot of solutions to see if we can adopt it for later use.
Please click on the link below:
The Future with Internet of Things (IOT)
Publication- CIOL
Edition- Online
Date- 24 January, 2019
In recent years, we have seen a wave of automation sweeping across major industry verticals. Automation is no longer limited just to offices but Homes as well, thanks to the emergence of IoT and the concept of smart homes. Quoted as the next big technological revolution, the Internet of Things (IoT) is bound to bring about a major shift in the way we work, live and entertain ourselves. By the time we step into 2020, we will be awestruck by the fact that a whopping 60 billion IoT connected devices will vouch for its popularity. Labelled as a novel technology that has the potential to transform every sphere of human life, here are all the ways IoT has become the talk of the town.
IoT can present ample opportunities for businesses. Allowing them to tread the path of workflow automation and optimization, IoT can offer a plethora of possibilities to minimize human efforts. With IoT, human intervention concerning both technical and manual operations can be cut down by a large extent.
Please click on the link below:
Kaspersky Lab helps to eliminate seven vulnerabilities in Industrial IoT Platform solution
Publication- CIOL
Edition- Online
Date- 24 January, 2019
Kaspersky Lab experts have helped to identify and patch seven previously unknown vulnerabilities in the ThingsPro Suite – an industrial IoT platform, designed for industrial control systems (ICS) data acquisition and remote analysis. Some of the vulnerabilities found could potentially allow threat actors to gain highly priviledged access to industrial IoT gateways and execute deadly commands. All vulnerabilities identified were reported to and patched by platform developer Moxa.
ThingsPro Suite is an industrial internet of things platform that automatically gathers data from Operational Technology (OT) devices running at the industrial facility and submits it to an IoT cloud for further analysis. However, as much as such platforms are useful to ease IoT integration and maintenance, they can also be dangerous, unless they are developed and integrated with adequate security concerns in mind. As such solutions work as a connecting point between IT and OT security domains, vulnerabilities found in them can potentially allow attackers to gain access to an industrial network.
Please click on the link below:
How relevant is Blockchain in supply chain management?
Publication- Geospatial World
Edition- Online
Date- 24 January, 2019
Shopping can be exhilarating, therapeutic or even sheer cumbersome depending on the inclination or dire necessity. But have you ever wondered where does the items in your shopping bag come from? Who are the backroom boys or what is the elaborate chain of supply and payment that have gone into each step before the items adorn the shop window? Obviously there is a chain, which in management parlance is called Supply Chain Management.
Supply chain management requires meticulous planning and efficient execution, which is easier said than done. The whole process is quite complex and prone to errors. Processing payments between a manufacturer and a supplier takes many days. Also, forging a contractual agreement means that it is mandatory to avail the services of bankers and lawyers. This adds up to the cost and consumes more time. Moreover, it is also a big issue locating the original supplier. This makes eliminating defects difficult, even after correctly identifying them.
Please click on the link below:
Former Reliance Group CTO Joins Blockchain Company, Belfrics
Publication- Crypto News
Edition- Online
Date- 24 January, 2019
The former Chief Technology Officer (CTO), Kumar Kushal joined Malaysia-based blockchain company, Belfrics Group recently. He joined the company in order to drive the blockchain based enterprise business solutions in banking & financial services, mobile governance and enable blockchain start-ups in India.
Kushal is joining Belfrics Group as a Chief Technology Officer. Once he joins, he plans to hire hundreds hands-on Java resources in Bangalore to deliver the current business pipeline Belfrics have from USA, Africa, and MiddleEast.
Please click on the link below:
IDRBT Issues Blueprint for Implementation of Blockchain Technology in Banking Sector
Publication- Crypto News
Edition- Online
Date- 24 January, 2019
The Institute for Development and Research in Banking Technology (IDRBT) has come out with a roadmap to implement blockchain technology in the banking sector. The institute has been working with different stakeholders including government, banks and the industry for developing a blockchain platform that can serve as a common platform to launch varied banking applications.
The blueprint suggests the adoption of the new technology in the various businesses and organisational functions along with common protocols to ensure interoperability among different entities. At current, there are no regulatory guidelines in place for adoption on blockchain in banks and financial institutions and this blueprint by IDRBT will help banks to move forward with its implementation.
Please click on the link below:
How Blockchain Technology Will Transform Future With Big Data, IoT And Artificial Intelligence
Publication- Owlt Market
Edition- Online
Date- 24 January, 2019
Many tech enthusiasts and developers are looking to integrate Big Data, Internet of Things (IoT) and Artificial Intelligence (AI) with Blockchain technology to transform the futuristic world. The blockchain is a distributed ledger technology used for Bitcoin and other cryptocurrency transactions. It doesn’t just keep a record of cryptocurrency transactions but also anything of value. The increasing demand for blockchain applications has led to an increasing demand for blockchain developers. The global freelancing platform Upwork has already retained blockchain skills as the most demanded skills.
Big Data contains a large amount of structured, semi-structured and unstructured data. Data science is the study which uses scientific methods, processes, algorithms, and systems in order to analyze, predict and extract knowledge and actionable insights from Big Data which can be mined and used in machine learning projects and other advanced analytics applications.
Please click on the link below:
ING Begins Blockchain Banking Services Rolling Out Technology To Support Infrastructure
Publication- Owlt Market
Edition- Online
Date- 24 January, 2019
Blockchain banking is the new age development which has enhanced operations, reduced cost and boosted the speed of payment and transactions in the cross-border remittance. It has been already adopted by several world’s leading banks and has been integrated within their systems. Dutch multi-national banking giant ING has also partnered with blockchain services firm R3 to leverage blockchain-based services and products for their range of business areas.
As per their latest development, ING’s collaboration with R3 is a five-year deal which will authorize the bank to utilize an unlimited number of licenses for Corda Enterprise and CorDapps. The global technology blockchain will help in supporting the infrastructure and development of their operational efficiencies. However, it remains unknown about how specifically ING will make the use of these available licenses, but it is speculated that there will quite a few usable solutions ready to be used in their bank.
Please click on the link below:
Global Blockchain Centre Melbourne Brings Industry Experts To Address Complex Business Issues
Publication- Owlt Market
Edition- Online
Date- 24 January, 2019
Blockchain centre has become a one-stop destination for the ledger enthusiasts across the world. This is the latest emerging concept of community groups and places which provide a platform to the blockchain experts and researchers to build an infrastructure for enhancing the entire blockchain industry. The latest prestigious addition in the list has come from Melbourne, Australia.
Swinburne University has partnered with technology consulting giant Capgemini to launch one such destination for blockchain lovers called as ‘Global Blockchain Centre of Excellence’. This centre is dedicated to bringing the different multi-disciplinary team from the university and the global experts from IT giant together at one platform. They will all work together for the development of blockchain solutions right from proof-of-concept to the integrating platforms which will address complicated business issues related to supply chain, finance, and trade. This centre is said to be focusing on a few major industries such as manufacturing, healthcare, food, finance, and creative industries.
Please click on the link below:
Blockchain Startups Inroad Product Digitization Space With Industry Experts
Publication- Owlt Market
Edition- Online
Date- 24 January, 2019
Blockchain startups have begun finding solutions towards the challenging issues of product digitization. The market-leading companies are backing these budding firms which are about to bring major changes in the global trade practices with their innovative ledger based solutions. This comes true with startup firm dubbed as Citizens Reserve led by a former renowned Deloitte executive, Eric Piscini.
JP Morgan portfolio company Smartrac has collaborated with the firm of former Deloitte boss in order to develop and deploy product digitization. Citizens Reserve is leveraging their blockchain-enabled platform SUKU in order to improve the track & trace of goods through the use of Smartrac’s RFID and IoT solutions. The alliance will serve as a mutual help-hand for both the companies as they will swap the technologies with each other. However, Citizens Reserve as of now will first deal with Smartrac in their meat industry, monitoring and tracking their origins and their way to customers.
Please click on the link below:
After bitcoin’s 2018 collapse, blockchain expert says virtual currency headed to zero
Publication- Money Control
Edition- Online
Date- 24 January, 2019
Bitcoin has headlines over the past two years, thanks to its 2017 rally – when it went up 13 times -- and its subsequent bust in 2018, in which it lost nearly 75 percent of its value. Now, one expert on blockchain, the technology on which the cryptocurrency is based, says bitcoin may go to zero.
"I do believe it will go to zero. I think it’s a great technology but I don’t believe it’s a currency. It's not based on anything," Jeff Schumacher, founder of BCG Digital Ventures, told CNBC during a debate on the future blockchain in Davos, Switzerland. Schumacher is a big investor in blockchain-focused companies.
Please click on the link below:
Comments