DiGiSPICE: Industry Monitoring 30 April 2019
- Priyanka Kanodia
- Apr 30, 2019
- 5 min read
DiGiSPICE
Competitors
PAYTM LAUNCHES RECURRING PAYMENTS FOR ONLINE MERCHANTS
Publication- Digit
Edition- Online
Date- 30 April, 2019
Paytm has launched recurring payments for online merchants and the feature will automate collections for online merchants for the subscription services that they provide to their users. Paytm says that recurring payments will be supported on wide range of payment methods.
Paytm, the brand owned by One97 Communications, India’s largest digital payments company is the market leader in the Payment Gateway industry in India and processes 400 million transactions every month for its merchant partners. To further strengthen its leadership position, Paytm has announced the launch of its recurring payment offering for merchants.
With this addition, the company aims to equip subscription-based businesses to effortlessly collect payments from their users. Consumers have the option of choosing their preferred mode of payment like Credit Cards, Debit Cards, Net Banking, Paytmproprietary instruments and saved cards on Paytm for automatic billing based on frequency of their subscription.
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Industry News
AI and IoT are now taking over our lives. Are we overdependent on them?
Publication- The Times of India
Edition- Online
Date- 30 April, 2019
Technology is the fastest growing man-made phenomenon, which affects almost all the world's population. From urban cities to rural villages, you are likely to find gadgets and gizmos in every space. The next step is Artificial Intelligence (AI) and the use of Internet of Things (IoT) — internet and connectivity in everyday objects. Like the growth of technology, AI is also growing rapidly, and a growing number of people are relying on it in their daily life.
From using it to navigate, to controlling the temperature at houses, AI is making its presence known. What is the Internet of Things? The Internet of Things (IoT) is an extension of the internet into everyday objects. It runs lights, fans, geysers, robots, doorbells, etc., by being connected to the internet and is controlled by the internet.
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NASSCOM’s CoE For IoT Announces A Strategic Partnership With GE Healthcare
Publication- Express Computer
Edition- Online
Date- 30 April, 2019
Today, at the 5th edition of Lifesciences & Healthcare Innovation Forum (LHIF), the National Association of Software and Services Companies (NASSCOM) through its Center of Excellence-Internet of Things (CoE-IoT) announced a strategic partnership with GE Healthcare. The partnership is intended to flourish the start-up ecosystem in the country and work with them to bring digital healthcare solutions to the market.
Technology adoption in the Indian healthcare sector is poised for substantial growth as it continues to emerge as a game changer in the delivery of healthcare services. From operation to services, healthtech as a sector has shown major advancements and continues to showcase growth. The industry has been rapidly adopting new-age technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) to improve access and outcomes. The healthtech sector is committed to connect doctors and patients, providing low-cost medical devices along with tech-enabled diagnostics.
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AI, Cybersecurity, IoT & Cloud Accounts 50% of Tech Patents Filed by Indian Firms in the US
Publication- Indian Web2
Edition- Online
Date- 30 April, 2019
India’s apex body for IT, National Association of Software and Services Companies (NASSCOM) and the chamber of commerce of the IT-BPM industries in India, released a report on April 26 named “Emerging Technologies: Leading the next wave of IP Creation for India”, which states that in the 4 years — from 2015 to 2018 — Indian companies filed over 4,600 patents in the United States, the majority of which (64.8%) are technology patents.
According to the report, share of tech patents in total patents filed in the US increased to two-third (2/3rd) in 2017/18 from half in 2015. Of the technology patents, the share of emerging technologies has increased consistently to 56.3% in the 2017-2018 period from 38.3% in 2015.
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NASSCOM CoE-IoT in partnership with GE Healthcare
Publication- Bio Spectrum
Edition- Online
Date- 30 April, 2019
At the 5th edition of Lifesciences & Healthcare Innovation Forum (LHIF), the National Association of Software and Services Companies (NASSCOM) through its Center of Excellence-Internet of Things (CoE-IoT) announced a strategic partnership with GE Healthcare. The partnership is intended to flourish the start-up ecosystem in the country and work with them to bring digital healthcare solutions to the market.
Technology adoption in the Indian healthcare sector is poised for substantial growth as it continues to emerge as a game changer in the delivery of healthcare services. From operation to services, healthtech as a sector has shown major advancements and continues to showcase growth. The industry has been rapidly adopting new-age technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) to improve access and outcomes. The healthtech sector is committed to connect doctors and patients, providing low-cost medical devices along with tech-enabled diagnostics.
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FedEx CIO: It’s time to mandate blockchain for international shipping
Publication- Computer World
Edition- Online
Date- 30 April, 2019
When railroad tracks were first laid across the western U.S., there were eight different gauges all competing to dominate the industry – making a nationwide, unified rail system impossible; it took an act of Congress in 1863 to force the adoption of an industry standard gauge of 4-ft., 8-1⁄2 inches. FedEx CIO Rob Carter believes the same kind of thing needs to happen for blockchain to achieve widespread enterprise adoption.
While the promise of blockchain to create a more efficient, secure and open platform for ecommerce can be realized using a proprietary platform, it won't be a global solution for whole industries now hampered by a myriad of technical and regulatory hurdles. Instead, a platform based on open-source software and industry standards will be needed to ensure process transparency and no one entity profits from the technology over others.
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ICFOSS to conduct Summer School on IoT
Publication- United News of India
Edition- Online
Date- 30 April, 2019
International Centre for Free and Open Source Software (ICFOSS), an autonomous institution under the Kerala Government, is set to hold “Summer School 2019” on Internet of Things (IoT) from May 21 to 31 at Sports Hub, Karyavattom here. The programme is a part of the efforts by ICFOSS in improving awareness on free software and gender equality in technology sector and it features sessions on various verticals of IoT.
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MetLife recognized in Forbes’ Inaugural Blockchain 50 list
Publication- Money Control
Edition- Online
Date- 30 April, 2019
MetLife has been named in Forbes’ inaugural Blockchain 50 List, the first-ever ranking of the top 50 organizations that are leading the pack in regard to adapting decentralized ledgers to their business.
MetLife was recognized for its Vitana experiment, which was launched in Singapore last August by LumenLab, MetLife’s Asia innovation center. Vitana is the world’s first, automated insurance solution using blockchain technology to offer pregnant women financial protection in case of gestational diabetes– a condition affecting up to one in five expectant mothers in Singapore.
Vitana securely connects to customers’ electronic medical records via their mobile device to issue a policy within minutes. If the customer’s doctor records a positive diagnosis in her medical records, Vitana will trigger an automatic payout, without the customer needing to make a claim.
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