DiGiSPICE: Industry Monitoring 25 April 2019
- Priyanka Kanodia
- Apr 30, 2019
- 6 min read
DiGiSPICE
Industry News
Nokia reports surprise Q1 loss, sees pressure in second half
Publication- ET Telecom
Edition- Online
Date- 25 April, 2019
Finnish telecom network equipment maker Nokia reported a surprise quarterly loss on Thursday, citing hard competition in its core networks business. "The slow start to 2019 and expected weak overall first half puts significant pressure on execution in the second half," the company said in a statement.
Having signalled back in January "a particularly weak Q1", Nokia reported a fall to an operating loss (non-IFRS) of 59 million euros ($66 million) from a profit of 239 million euros in the first quarter a year ago. That compared with analysts' profit expectations ranging from 175 million euros to 457 million in a Reuters poll.
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AI, IoT among top 8 supply chain technology trends in 2019: Gartner
Publication- Business Standard
Edition- Online
Date- 25 April, 2019
Future ready Gartner, Inc. Gartner, Inc. has identified artificial intelligence, advanced analytics, internet of things (IoT), robotic process automation, autonomous things, digital supply chain twin, blockchain in supply chain and immersive experience as the top eight supply chain technology trends in 2019.
The advisory company has predicted that each one of these technologies will be used even more in the coming days. "These technologies are those that supply chain leaders simply cannot ignore," said Christian Titze, research vice president at Gartner. While most of these ...
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Artificial Intelligence, Blockchain and machine learning: How companies can get smarter
Publication- The Financial Express
Edition- Online
Date- 25 April, 2019
India continues to get recognised by economists and business leaders as one of the bright spots in an overall more challenging global economy. For Indian companies to take a lead in the in the fourth industrial revolution and shape the next phase of our global society, also called globalisation 4.0, they need to transform themselves into intelligent enterprises. The next wave of intelligent technologies can do this. Out of the fast-changing roster of emerging technologies, business leaders need to keep a sharp eye on Machine Learning (ML), Artificial Intelligence (AI) and Blockchain.
AI adoption will accelerate infusion into all operations
ML and AI will transform the way we do business by leveraging already more familiar technologies, such as the automation of repetitive tasks, sensor-based monitoring, and the use of algorithms to analyse business data and processes. 2019 will be the year in which more companies will start adopting AI across the organisation. AI services, platforms, frameworks and infrastructure will become enablers of applications across domains and industries.
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Cyberattacks to cost firms $5.2 trillion in next 5 years: Accenture
Publication-The Financial Express
Edition- Online
Date- 25 April, 2019
A new report from Accenture says that companies globally could incur $5.2 trillion in additional costs and lose revenue over the next five years due to cyberattacks, as dependency on complex internet-enabled business models outpaces the ability to introduce adequate safeguards that protect critical assets. The high-tech industry faces the highest risk with more than $753 billion hanging in the balance, followed by the life sciences and automotive industries with $642 billion and $505 billion at risk, respectively.
Accenture Research surveyed 1,711 C-level executives across 13 countries including India, the UK and the US. The average cost of cybercrime was calculated as a percentage of revenue for each industry, including the cost of facing a large cyberattack from analysis of 460 major incidents. The cost of cybercrime includes both the cost organisations incur when responding to cybercrime incidents as well as revenue losses.
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CYBERSECURITY AND IOT INDUSTRY FACING SKILL SHORTAGE LEADING TO DEVELOPMENT ISSUES
Publication- Analytics Insight
Edition- Online
Date- 25 April, 2019
Businesses in the UK are going through a tough phase while finding the correct blend of cybersecurity and IoT skills, according to a report by Experis Industry Insider. The study examines the growth of IoT and how it is impacting the cybersecurity jobs market. As the industry professionals witnessing the emergence of IoT, they are becoming more considerate about the need of secured net for driving staff to perform efficiently in IoT empowered system.
An insight by Gartner foresees that 25 billion IoT-connected objects over the network will be used by 2021 giving a huge opportunity for businesses to equip data and optimize their operations for better user experience. Looking at the other face of the coin, the emergence of IoT also invites a bundle of cyber threats to the desk. To succeed in the IoT world the businesses need to ensure the safety from exposing data to dangers.
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Blockchain Protocol Unita Designed For Enterprises
Publication- Owlt Market
Edition- Online
Date- 25 April, 2019
A blockchain protocol called Unita is created for the automation of information transfer processes related to enterprises. It will not only automate the processes but also use existing developer tools and store & secure data. Qtum is an open-sourced blockchain application platform who has introduced Unita. The Chief Information Officer at Qtum Foundation Miguel Palencia said, “Speed and customization are two of the main barriers for enterprises looking to adopt blockchain technology.
By bridging a novel, scalable consensus algorithm with smart contract technology and tools familiar to developers, we strive to make blockchain accessible for enterprises to easily and effectively deploy.” Problems related to consumer data regulations and verifications occur during the adoption of the blockchain. Enterprises face the problems. Developers can use common tools to solve the problems. The blockchain protocol Unita helps the developers to use the common tools.
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Blockchain Technology: The future of finance in the world
Publication- News Patrolling
Edition- Online
Date- 25 April, 2019
The revolution in digital media has transformed the finance industry a lot. Computers were earlier being used to generate databases, then web pages, and now mobile phone apps have been created by the financial institutions for the convenience of the users. The banks still follow a very complicated procedure even to carry out a simple transaction such as sending money abroad. There is where blockchain technology has evolved. The architecture of blockchain technology has generated high-security databases and allows the financial enterprises to directly link with each other overpassing the relative banking procedure.
Ability to make transactions:
In this fast-moving world, there is hardly any chance of waiting for the transaction process to be completed. People move faster than money transfer especially if it is a case of inter-country transactions. The blockchain technology is an easy way to move your money and make quick transactions within a moment of time even without a central bank’s command. This is one of the major functions that the technology was designed to perform.
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EY launches new blockchain Smart Contract Analyzer solution in India
Publication- Consultancy India
Edition- Online
Date- 25 April, 2019
Big Four accounting and advisory firm EY appears to be ramping up its capabilities in the blockchain department, having released a new blockchain-based solution for contract analysis to build on its existing capabilities through its operations chain management platform.
Few major consulting firms have been as active in developing their capabilities in the Industry 4.0 domain as EY since the start of this year. The trend across the Indian business environment – particularly the consulting sector – has been to enhance capabilities to facilitate digital transformations.
Earlier this year, EY partnered with London-based robotics process automation firm Blue Prism to support clients across the country with automation solutions. Weeks later, the firm partnered with US-based cloud computing firm ServiceNow with the specific objective of offering digital transformation services in India.
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https://www.consultancy.in/news/ey-launches-new-blockchain-smart-contract-analyzer-solution-in-india
Get ready to explore cutting edge blockchain technologies at Blockchain Expo Global 2019
Publication- Wire19
Edition- Online
Date- 25 April, 2019
Companies from majorly all the industries are planning to take advantage of the benefits of distributed ledger technology or blockchain. The financial sector alone accounted for over 60 percent of the overall market value of blockchain in 2018, per Statista. The technology is now seeing widespread adoption across every industry from agriculture to healthcare to more.
With increasing interest in blockchain, a number of blockchain startups are also surfacing. To explore more about the technology, Encore Media Group is bringing the world’s largest blockchain conference and exhibition – Blockchain Expo Global, 2019.
The two-day event will be held between April 25-26, 2019 at Olympia Grand London. The event is co-located with IoT Tech Expo, AI & Big Data Expo and Cyber Security & Cloud Expo, allowing attendees to take advantage of the convergence of all these technologies at one place.
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Samsung working on ethereum-based blockchain, may issue its own token: Report
Publication- Money Control
Edition- Online
Date- 25 April, 2019
Samsung is reportedly working on a blockchain network and may also roll out its own token in the near future. According to a report in CoinDesk, Samsung's blockchain task force, a part of its wireless division, is commissioned to build a blockchain mainnet based on ethereum. However, the ambitious project is still at the “internal experimental” stage.
“Currently, we are thinking of private blockchain, though it is not yet confirmed. It could also be public blockchain in the future, but I think it will be hybrid – that is, a combination of public and private blockchains,” a person familiar with the company's internal matters told the news site.
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