DiGiSPICE: Industry Monitoring 29 January 2019
- Priyanka Kanodia
- Jan 29, 2019
- 7 min read
DiGiSPICE
Industry News
Analytics Leaders Demand Investment In Tech Education, Skilling & Infrastructure From Budget 2019
Publication- Analytics India Magazine
Edition- Online
Date- 29 January, 2019
With the budget for the financial year 2019-2020 round the corner, leading tech companies are hopeful of a strong focus on emerging technologies such as analytics, hybrid cloud, IoT, mobility, smart city initiatives, while creating business opportunities across the spectrum. While last year was a turbulent year with GST implementation, they still believe that there is a lot to achieve in the field. We got in touch with industry stalwarts to see their expectations from the budget for this year.
Given the massive interest in automation and AI, the number of start-ups coming up to address this space is also growing dramatically. “A lot of global private equity, angel investors and VCs are looking to invest in these start-ups. It would be useful to provide absolute clarity on Angel tax provisions to provide a further push for investments in this space. Similarly, given the geographical spread of operations on startups in the Analytics, AI and Automation space, the need for clarity on POEM and tax provisions will make the business function more efficiently,” says G S Venkatraman, Chief Financial Officer, Subex.
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IIM-Ahmedabad's CIIE backs environmental IoT startup Oizom
Publication- VCCircle
Edition- Online
Date- 29 January, 2019
Oizom Instruments, an internet of things (IoT) startup focussed on curbing pollution, has raised an undisclosed amount in seed funding from Centre for Innovation, Incubation & Entrepreneurship (CIIE). A unit of Indian Institute of Management-Ahmedabad, CIIE incubates technology-based businesses. Oizom said in a statement that it plans to deploy a Data-as-a-Service (DaaS) model for predictive analytics of environmental health.
"The main use of proceeds includes improving the existing product, new R&D and marketing to tap new opportunities," Oizom's chief marketing officer Jainam Mehta told TechCircle. The company offers environmental data infrastructure for monitoring, tracking, managing and reducing toxic pollutants in the air, water and soil.
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Big Data may help get new clues to Alzheimer’s
Publication- Telangana Today
Edition- Online
Date- 29 January, 2019
Despite rapid developments in medicine, early detection of neurodegenerative disorders remains a challenge. Now a group of Indian researchers has sought to apply Big Data analytics to hunt for early signatures of the Alzheimer’s. Researchers at the National Brain Research Centre (NBRC), Manesar, have developed a Big Data Analytics framework that will use non-invasive imaging and other test data to look for early diagnostic biomarkers of the Alzheimer’s disease.
The data framework, based on open source data software platform called Hadoop, integrates data from brain scans in the form of non-invasive tests — magnetic resonance imaging (MRI), magnetic resonance spectroscopy (MRS) as well as neuropsychological test results. The framework deploys data mining, machine learning and statistical modeling algorithms.
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Is Big Data The Biggest Game-Changer In The Online Gambling Industry?
Publication- Analytics India Magazine
Edition- Online
Date- 29 January, 2019
Online gambling has turned into a multi-billion dollar industry today and according to Statista, in 2015, the online gaming industry had a volume of $37.91 billion and this figure was forecasted to increase to 59.79 billion U.S. dollars in 2020. Talking about traditional gambling, it is still a step ahead than online gambling. However, one cannot deny that since the inception, online gambling has gained immense popularity.
AI has started making a significant impact on the online gambling space. Over the years, Big Data has been on the rise. It is not only helping businesses find new opportunities but also helping them gain new insights to run their business efficiently. Talking about the online gambling space, it is more likely to succeed and grow if the industry keeps a track on what clients want. So, in order to optimise the market and its performance, online gambling companies are also trying to make use of data.
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Harnessing The Power Of Artificial Intelligence In IoT And Cyber Security
Publication- Express Computer
Edition- Online
Date- 29 January, 2019
In an era of digital disruption where Internet of Things (IoT) and mobility are invading IT perimeters, artificial intelligence is emerging as the future of cybersecurity. With the expansion of the modern threat landscape, the inclusion of AI in the security strategy has become imperative for the establishment and maintenance of an effective security posture. Given the urgent need for protecting both data and high-value assets, organisations have started incorporating elements of machine learning and AI.
With a series of investments, a raft of new products, and a rising tide of enterprise deployments, artificial intelligence is making a splash in the IoT ecosystem. Large organisations across sectors are already exploring and leveraging the power of AI with IoT to deliver new offerings and operate more efficiently. This integration has helped the organisations and security personnel in reducing false alerts received from various systems, thereby increasing the efficiency of the security teams. It also provides greater investigation efficiency and is helpful in the detection and mitigation of modern attacks.
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Can Blockchain Technology Solve Problems Of Refugees?
Publication- Owlt Market
Edition- Online
Date- 29 January, 2019
Blockchain technology can help digitize the identity of refugees and deal with inefficient transactions. It is noted that there is an increase in the number of refugees from the southern border of the United States to the Middle East and one out of five refugees estimated to disappear while going from Libya to Europe. Whereas more than 50 million are estimated to be displaced forcefully or violently from their native places. After World War II, more people are displaced now and again.
The displaced people are basically stateless and don’t have proper documentation which creates difficulties for them to move and find future destination nations. Federated layers of identity and digitizing records can be designed with the aim to solve this problem. Refugees home countries are not only lost to calamities but also abandoned in flight.
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Blockchain Technology And DLT Regulations Provide Legal Recognition For Global Acceptance
Publication- Owlt Market
Edition- Online
Date- 29 January, 2019
Blockchain technology and other forms of the distributed ledger have finally found a place in the legislation of the United States. The Washington State Senate pioneered a way for the bill which will encourage the development and acceptance of these emerging technologies within the country. The bill codifies that blockchain powered services and products licenses will give legal recognition for implementing the necessary standards in the market.
The introduction of SB 5638 was done by the Washington State Senate which is related to the acknowledgment of the distributed ledger technology validity. This bill is said to get added in the already existing ‘Washington Electronic Authentication Act’ that facilitates the reliability of electronic messages and signatures in order to have an apt licensing mechanism for digital signature certification.
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Blockchain Technology To Eliminate Issues Related To Music Industry And Help Musicians
Publication- Owlt Market
Edition- Online
Date- 29 January, 2019
Blockchain technology has been already used in various industries and now it will be used in the music industry in order to eliminate underlying issues such as Improper Financing, Complicated Royalty Management, Piracy of digital records and Inappropriate Rights Management. These underlying issues occur due to the centralized and intervened nature of generation and conveyance of the Music Business.
It is stated that the issues related to financing are kind of enslavement as many individuals sign record contracts and become a slave. Most artists never receive the advance payment and continue to work for the record label. The decentralized blockchain can be used to raise digital assets for artists. Business decentralization will not only empower fans but also enthusiasts and ultimately help in financing the artists.
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Blockchain startup Symbiont raises $20M Series B funding from Nasdaq Ventures
Publication- Wire19
Edition- Online
Date- 29 January, 2019
New York-based blockchain startup Symbiont has successfully closed a $20 million Series B funding round led by Nasdaq Ventures. The company will use the funding to accelerate its growth in the blockchain marketand help financial services organizations. The funding also included other high-profile investors like Galaxy Digital, Citi, Raptor Group, and others.
Founded in 2015, Symbiont is a leading smart contracts platform for institutional applications of blockchain technology.
It offers an enterprise-grade blockchain platform called Symbiont Assembly that is used to develop networks allowing multiple, independent users to share data and logic in real time. The blockchain firm built the solution specially to meet the standards of institutional finance in security, reliability and performance.
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Blockchain adoption going main space with IBM
Publication- Crypt Buzz
Edition- Online
Date- 29 January, 2019
One of the biggest it company – IBM, will experiment a version of blockchain technology known as hyper ledger fabric to reduce administrative errors and streamline record keeping. Blockchain is a distributed, decentralised and public ledger. It stores information which is accessible to public. The transactions are verified by various persons. IBM has partnered with CVS health corp’s antenna to create a Blockchain network.
Blockchain technology will also aim to reduce cost and manpower as the information is stored online. It also helps to enable health information exchanges, maintaining accurate provider directors and processing claims and payment more efficiently. Blockchain unique attributes make it suitable for large network of members to quickly exchange sensitive data in a permission, controlled and transparent way.
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ICICI, Axis, HDFC Bank, 8 others set to launch blockchain-linked funding for SMEs
Publication- Money Control
Edition- Online
Date- 29 January, 2019
A group of 11 big banks will soon launch India's first block-chain linked funding for small and medium enterprises (SMEs), a move which may bring about a drastic change to lending practices.
These banks include ICICI Bank, Kotak Mahindra Bank, Axis Bank, HDFC Bank, RBL Bank, Yes Bank, Standard Chartered Bank and South Indian Bank. State Bank of India, IndusInd Bank and Bank of Baroda will be involved in this initiative as outside members, The Economic Times reported.
"The idea of having such an organisation is to remove any communication hurdle among the different banks. A blockchain network can only thrive if the entire ecosystem is working in synergy through a single network," Abhijeet Singh, Head of Business Technology at ICICI Bank, told the newspaper.
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