DiGiSPICE: Industry Monitoring 25 to 27 May 2019
- Priyanka Kanodia
- Jun 10, 2019
- 9 min read
DiGiSPICE
Spice Mobility's FY19 consolidated revenue up 34%
Publication- ET Telecom
Edition- Online
Date- 25 May, 2019
Spice Mobility has reported a 34 per cent rise in its consolidated revenue for financial year 2018-19 (FY 2018-19) on a year-on-year basis. Its revenue stood at Rs 376.68 crore, against the previous year's Rs 280.52 crore, the company said in a statement.
It reported a net profit of Rs 9.08 crore, against the loss of Rs 44.70 crore in FY 2017-18. The board of directors recommended a dividend of 15 per cent of the paid-up equity capital of the company for the year ended March 31, subject to shareholders' approval. The company said that it had launched its digital initiatives in the last 12 months under the "DiGiSPICE" brand.
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Spice Mobility's FY19 consolidated revenue up 34%
Publication- Communications Today
Edition- Online
Date- 26 May, 2019
Spice Mobility has reported a 34 per cent rise in its consolidated revenue for financial year 2018-19 (FY 2018-19) on a year-on-year basis. Its revenue stood at Rs 376.68 crore, against the previous year's Rs 280.52 crore, the company said in a statement.
It reported a net profit of Rs 9.08 crore, against the loss of Rs 44.70 crore in FY 2017-18. The board of directors recommended a dividend of 15 per cent of the paid-up equity capital of the company for the year ended March 31, subject to shareholders' approval. The company said that it had launched its digital initiatives in the last 12 months under the "DiGiSPICE" brand.
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Competitors
Ericsson pays homage to the power of 5G in a new film
Publication- BW CIO World
Edition- Online
Date- 27 May, 2019
To highlight the new age of 5G, Ericsson joins forces with thought-leading tech profiles in a film that pays homage to connectivity and the innovation it sparks. To fit the theme of being seamlessly connected, the ambitious 90-second cinematic has been shot in a single fast-paced take.
The film features Haben Girma, the first ever Deafblind Harvard Law School graduate, in a driverless car; gaming pioneer AtomicMari inside her own immersive gaming universe; singer-songwriter KIDDO; Paris Saint-Germain footballer Nadia Nadim; and scientist Danica Kragic remote-operating a pair of robotic arms. Magnus Frodigh, VP Head of Ericsson Research, says the scenes of the film offer a glimpse of what 5G has in store for the future.
“We are on the verge of making these technologies a reality, which will revolutionize our lives in ways we can’t imagine yet. With connectivity being an increasingly natural part of society, we want to show how it will enable innovation to thrive – while highlighting people who inspire us to push our limits.”
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Vodafone Idea, Reliance Jio are using this technology to keep spammers at bay
Publication- Gadgets Now
Edition- Online
Date- 27 May, 2019
More than a billion mobile phone users can expect a significant respite from pesky calls and messages, as Vodafone Idea and Reliance Jio Infocomm start to roll out blockchain-based technology through partnerships with Tanla Solutions and Tech Mahindra, respectively. The deployment is in line with the Telecom Regulatory Authority of India’s (Trai) regulations, which will come into effect by the month end, to end unsolicited commercial communication, or spam calls and messages. Subscribers will be able to set their communication preferences and consents on the back of this technology
Vodafone Idea signed a multi-year contract with Tanla Solutions to deploy the technology, along with a regulatory sandbox and production platform. “Deployment is underway and will help in arresting spam and fraud-related commercial communications for Vodafone Idea subscribers,” a Tanla spokesperson told ET, adding that Tanla was also helping Airtel for implementation of the network, though IBM remains the bigger vendor for the technology.
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Industry News
Online Gaming breaks out of its shell
Publication- The New Indian Express
Edition- Online
Date- 25 May, 2019
The stereotype of the typical gamer -- teenaged, unkempt and voluntarily locked up in a dim room in front of a PC -- is no longer a truism. The rapid adoption of smartphones across age groups and steadily improving internet connectivity has given rise to a new segment of online gamers. These range across the age spectrum — from children playing on their parents’ smartphones to senior citizens — and have driven the online gaming segment to become the fastest growing in the media and entertainment sector.
For instance, according to a recent joint report by EY-FICCI, the online gaming segment in India grew by a whopping 59 per cent annually in 2018 going from Rs 3,040 crore in 2017 to Rs 4,850 crore. This is only expected to continue at a breakneck pace driven by the prodigious rise in the number of gamers, hitting Rs 12,030 crore by 2021. The number of online gamers, which grew 52 per cent in 2018, is expected to hit 340 million by 2021.
We now also see an acceptance of gamers to pay and play leading to robust revenue growth for the industry,” said Manish Agarwal, CEO, Nazara Technologies, a Mumbai-based mobile games firm.
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India Beats China In Fintech Funding – NAR Reports
Publication- ET News
Edition- Online
Date- 25 May, 2019
Nikki Asian Review reports that China, by contrast, such funding dropped to $192 million, a decrease of 89% compared to the previous quarter. In terms of real numbers, the two countries were even, with India and China each racking up 29 deals.
In Asia overall, the number of deals rose to 127, eight more than the prior quarter, mainly driven by growth in India, where the number jumped 61%. Europe dropped to 102 deals but overtook Asia in value, while the U.S. recorded 170 deals worth over $3 billion, retaining its top spot globally.
China’s decrease in VC-backed support for fintech meant that overall funding in Asia fell below $1 billion for the first time in five quarters, dropping 67% from the previous quarter to $875 million.
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How AI, Big Data and Machine Learning are Transforming Pensioners’ Lives in Telangana
Publication- Elets Online
Edition- Online
Date- 25 May, 2019
Presenting themselves physically before the pension disbursing authority is a great deal of inconvenience and difficulty for a lot of pensioners across India. But soon this challenge for the elders depending on their pensions for subsistence will be a thing of past in Telangana — thanks to an initiative by the Department of Meeseva that a new mobile app has been rolled out that authenticates the identity of pensioners in real-time through a selfie clicked on their smart phones from the comfort of their homes.
“We were looking for some kind of real time authentication of identity through mobile phone primarily using AI, Big Data, Machine Learning and Deep Learning. One very interesting application we have rolled out using these technologies is pensioners’ life certificate through selfie that was launched in March 2019,” said GT Venkateshwara Rao, Commissioner, Electronic Service Delivery and Meeseva, Information Technology, Government of Telangana.
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Skill India may be expanded to include AI, IoT
Publication- The Economic Times
Edition- Online
Date- 26 May, 2019
The government will soon come up with a national policy to reskill and upskill millions of youth in the country to create a workforce capable of handling emerging trends such as artificial intelligence (AI), internet of things (IoT) and machine learning. The idea is to strengthen the government's Skill India mission through dedicated policy measures. “Reskilling and upskilling is big on the incoming government's agenda,” a senior government official told ET. “There will be renewed focus on reskilling.”
The idea is to create a workforce that can access new opportunities and to insulate it from technological shocks. “We would like to ensure that individuals have access to economic opportunities by remaining competitive in the new world of work and that businesses have access to the talent they need for the jobs of the future,” the official added.
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Telangana to have India's first blockchain district; woos firms with incentives
Publication- Livemint
Edition- Online
Date- 26 May, 2019
Land at subsidised rates, funding of research and regulatory and policy support are among the features of Telangana government's draft Blockchain Policy aimed at wooing firms and startups in the field to set up shop in the state. Land will be allotted at subsidised rates to Blockchaincompanies by Telangana State Industrial Infrastructure Corporation Limited," according to the policy which seeks to position Telangana as the Blockchain capital of the country.
The guidelines specified for regular ICT (Information and Communication Technology) companies in terms of annual revenue, investment promises, employment creation promises would be partially relaxed for Blockchain firms, it said.
Blockchain is a distributed ledger technology that stores information across multiple systems securely and such data stored and distributed cannot be copied, hacked or tampered with. Records can only be appended.
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TOP 5 BIG DATA CHALLENGES AND SOLUTIONS
Publication- Analytics Insight
Edition- Online
Date- 26 May, 2019
Big data is the base for the next unrest in the field of Information Technology. Organizations today independent of their size are making gigantic interests in the field of big data analytics. This traction comes as a result of the undeniable upper hands that data gives in the present market scene. Think about this, for a typical Fortune 1000 organization, a 10% expansion in accessible data can mean more than $65 million increment in the total income. Sadly, organizations are to a great extent been ineffective in taking out valuable inputs from data. As indicated by a NewVantage Partners research, just 37.1% of the organizations are of the belief that they were fruitful in their big data attempt. Henceforth, it is imperative to comprehend the unmistakable big data challenges and the solutions you should deploy to beat them.
Lack of Understanding of Big Data
Frequently, organizations neglect to know even the nuts and bolts, what big data really is, what are its advantages, what infrastructure is required, and so on. Without reasonable comprehension, a big data deployment project is a danger to be destined to disappointment. Organizations may squander loads of time and assets on things they don’t realize how to utilize. Furthermore, if workers don’t see the advantages of big data and/or would prefer not to change the current procedures for its deployment, they can oppose it and hinder the organization’s advancement.
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Does Blockchain Really Have Any Potential To Help Weaker Sections Of The Society?
Publication- Business World
Edition- Online
Date- 26 May, 2019
The good thing is that there are multiple real cases uses where the Blockchain technology has successfully been implemented and utilized for social welfare with proven results. Some of these real-life cases have been implemented in poor countries like Kenya and Somalia and are successfully being used by the lower or lowest rungs of the society. It shows that there are diverse ways in which Blockchain can really help the underprivileged section of the society.
Better financial management
The income of economically weaker population of the world is too low to be stored in the banks. The associated bank charges further makes it a worthless attempt. Besides, a massive underprivileged population of the world doesn’t have proper ID documentation and it is the major “official” reason that they don’t have bank accounts either. There are other “unofficial” reasons too.
Men are too busy to engage themselves in banking schedule and women don’t visit banks due to illiteracy, hesitation, or social restrictions. The condition of their peers with proper ID documentation isn’t much better either, due to the third class citizen treatment they get from bank executives that compel them to avoid opening a bank account.
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Tata Communications selects BearingPoint solution for IoT offering
Publication- Consultancy.in India
Edition- Online
Date- 27 May, 2019
Global tech solutions firm Tata Communications is looking to improve its MOVE IoT Connect offering by enhancing its customer management capabilities. To this end, the firm is looking to leverage Infonova – a cloud-based digital platform developed by global technology consulting firm BearingPoint/Beyond.
MOVE IoT Connect is a product of the global Industry 4.0 revolution, and is designed to enable cross-border organisational growth. Leveraging the solution significantly enhances connectivity, supported by global collaboration with a network of more than 600 mobile operators.
The solution also incorporates IoT capabilities through machine-to-machine interactions, in addition to mobile network enablement. The latter of these allows for increased efficiency in a number of business operations, including coverage, control, billing and subscriber management.
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Government of India to expand Skill India to include AI and IoT
Publication- Geospatial World
Edition- Online
Date- 27 May, 2019
Government of India will soon launch a nation-wide strategy to train the youth in the country to create capable personnel of handling new developments in Artificial Intelligence (AI), internet of things (IoT) and machine learning.
A senior official told The Economic Times, “Reskilling and upskilling is big on the incoming government’s agenda. The idea is to create a workforce that can access new opportunities and to insulate it from technological shocks.”
The official further added, “We would like to ensure that individuals have access to economic opportunities by remaining competitive in the new world of work and that businesses have access to the talent they need for the jobs of the future. The government is seized of the fact that reskilling has to be done at a massive scale alongside skilling.”
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