DiGiSPICE: Industry Monitoring 07 March 2019
- Priyanka Kanodia
- Mar 18, 2019
- 11 min read
DiGiSPICE
Industry News
Spice Digital revamps brand identity to DiGiSPICE
Publication- ET Telecom
Edition- Online
Date- 07 March, 2019
Spice Digital has revamped its brand identity to DiGiSPICE, as part of which, the company has merged all of its business units and international operations across Middle-East, Africa, South Asia, and Southeast Asia under the DiGiSPICE brand. The company on Wednesday said that it has also undertaken employee re-orientation to help them understand what the brand stands for.
Post the revamp, the new brand aims to focus on emerging domains such as blockchain, robotic process automation, big data, data analytics, and Internet of Things (IoT). “Our brand revamp is aimed at reaffirming our digital-first strategy and highlighting the work that we have been doing, not just in India but on a global stage, as a cohesive business unit guided by a singular vision,” said Dilip Modi – founder & chairman, DiGiSPICE.
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Microsoft backed Affle acquires Singapore based online-to-offline platform Shoffr
Publication- The Economic Times
Edition- Online
Date- 07 March, 2019
Microsoft-backed consumer intelligence company Affle has acquired Singapore based online-to-offline (O2O) platform Shoffr in a cash-and-stock deal. The acquisition includes the business, brand name, intellectual property rights, business relationships, assets and employees of Shoffr, people in the know, said. The deal is effective February, one of them said. Financial terms weren’t available. Affle India and Shoffr did not respond till press time Wednesday to emails seeking comment. Shoffr helps convert online engagements of consumers into in-store walk-ins and transactions.
It displays offline retail stores’ inventories online via API and programmatic links and provides catalogue and order management services. This is Affle’s third acquisition in the past 12 months. In September last year, Affle acquired the brand, retargeting and push notification businesses and platform of marketing technology startup Vizury in an allcash deal estimated at about $10 million. In March 2018, it bought ‘Markt’, a platform to expand its O2O commerce business.
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Paytm Money receives Rs 28 crore from One97 Communications
Publication- ET Tech
Edition- Online
Date- 07 March, 2019
Online platform for mutual fund investments Paytm Money has received Rs 28.8 crore in a fresh round of funding from its parent entity One97 Communications, according to filings with the Registrar of Companies. This round could be part of the overall $10 million which One97 Communication had committed to invest in the mutual funds platform in a span of 18 months.
As per the filings, Paytm Money has raised close to Rs 55 crore between November last year and January 2019. Which means that its parent entity has fulfilled its initial commitment into the subsidiary.
Further filings with ROC also show that the authorised capital of Paytm Money has been increased to Rs 200 crore, indicating that in the coming months, One97 Communications could infuse more funds into Paytm Money. The company did not respond to email queries from ET.
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Subex continues engagement with Botswana Telecommunications Corporation
Publication- Business Standard
Edition- Online
Date- 07 March, 2019
Subex has signed a five-year multi-million-dollar deal with Botswana Telecommunications Corporation (BTC), a leading telecommunications services provider in Botswana. As part of the deal, Subex will be implementing its integrated ROC Revenue Assurance and ROC Fraud Management Platform (iRAFM), along with its ROC Partner Settlement and ROC Route Optimization. This deal also marks the continuation of Subex and BTC's long-standing partnership which dates back to 2010.
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TRAI to Decide on Rules for Internet Calling and Messaging Firms Soon
Publication- The Indian Wire
Edition- Online
Date- 07 March, 2019
TRAI is expected to release its recommendations on the regulatory framework for over-the-top (OTT) services in the coming months, its chairman, RS Sharma said on Tuesday. “We already have a paper on OTT (over-the-top). We will come out with appropriate recommendations and regulations in near future. A couple of months from now,” Sharma told PTI at the Mobile World Congress 2019 here. The telecom sector at MWC displayed technology revolving around 5G services. The 5G sector will be dominated by the data-related business which is said to bring negligible difference between services provided by internet companies and telecom service providers.
The sector has been in discussion about the same set of rules for companies providing similar services. Indian enterprise messaging firm Tanla Solutions announced that it has installed the first system to stop pesky calls and messaging system as per TRAI rule on Vodafone Idea network that has gone live from Tuesday onwards.
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5G tester market forecast to reach $629 million
Publication- Telecom Lead
Edition- Online
Date- 07 March, 2019
Nearly 75,000 5G testers were sold in 2018. The sale of 5G tester will grow at around 14 percent in 2019, Future Market Insights said in its report on 5G testing market.The global 5G tester market revenue will reach $629 million in 2019, witnessing 14.6 percent increase from 2018. More than 40 percent of the total demand will be from telecom providers.
Telecom industry association GSMA 16 major countries will launch 5G networks by the end of 2019 following commercial launches in the US and South Korea towards the end of 2018. Mobile operators will invest around $480 billion between 2018 and 2020 in mobile Capex. Half of the Capex will be from countries expected to have launched 5G by 2020.
Automobile major Audi is pioneering the trend of private 5G network in collaboration with Ericsson. Daimler, BMW, and Volkswagen are most likely to follow the trend, thereby fueling demand for 5G testers in the years to come.
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‘Make urban forestry part of smart city’
Publication- The Times of India
Edition- Online
Date- 07 March, 2019
Urban forestry system needs to be an integral part of the smart city project so as to help regulate micro climatic changes, said V Sai Saraswathi, professor of VIT University. Trees played a major role in trapping heat apart from absorbing toxic gases emitted from motor vehicles, she said while addressing students at Periyar EVR College in Trichy. She was participating in a state-level seminar on conservation of biological diversity. There were no records on urban green cover in most Indian cities except Bengaluru though there was a growing need for it to meet the pace of urbanization, she said. About 187 countries were working towards reducing global temperature by 1.5 to 2 degree Celsius to avert the implications of global warming.
Green cover promotion will be the first step towards achieving it, but forest green cover alone may not work and urban forestry must be promoted. Green cover had to be created at all places including streets, roads and around houses, she said adding that there was a separate wing for urban forestry and climate change in western countries. Indian cities too should have such initiatives to regulate the escalating temperature due to global warming, she said.
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IIT-H offers five-week residential programme in AI, IoT, blockchain
Publication- The Times of India
Edition- Online
Date- 07 March, 2019
The Indian Institute of Technology, Hyderabad (IIT-H) is all set to hold a five-week residential programme in artificial intelligence and emerging technologies for recent graduates and senior college students in partnership with TalentSprint from May 27, 2019.
According to a press release issued by IIT-H, the programme will offer participants a rare option to learn artificial intelligence, internet of things, blockchain and quantum computing from IIT-H professors for five weeks and secure a certificate upon completion. “While other executive programmes focus on upskilling senior professionals, we will develop smart young talent with strong AI and emerging tech capabilities to fuel the future of India’s tech sector.
This summer programme with TalentSprint is a significant initiative and will leverage the expertise of many acclaimed professors at IIT-H,” said UB Desai, director, IIT-H. Shantanu Paul, co-founder of TalentSprint said that the residential facility will enable participants to experience life at IIT-H while the final certificate will prepare them for exciting careers in the future. The five-week residential programme, which costs Rs 2.65 lakh, has limited seats.
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Blockchain—Digitization of trust
Publication- People Matters
Edition- Online
Date- 07 March, 2019
The real promise of blockchain technology is not that it could make you a billionaire overnight but it could drastically reduce the cost of trust. In an interview with Rajesh Dhuddu, Blockchain Practice Leader at TechMahindra shares how the digitization of trust will create a revolutionary impact on the way organizations will work and manage the workforce.
Q: While Blockchain’s implications for the finance industry are well-known, what kind of impact do you think it can have on the way we work? Can you share your perspectives on how the blockchain technology would create an impact on people’s talent and the future of work?
A: Blockchain— a technology which is considerably redefining the way we transact, interact, and verify the authenticity of everything and anything! Before I talk anything about this technology, I want to highlight one of the many features of this technology that makes it unique— Trust.
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Smart Grids Are Big Data & Analytics’ Next Use-Case In India
Publication- Analytics India Magazine
Edition- Online
Date- 07 March, 2019
Smart grids have long since been one of the biggest future advancements city planners have looked forward to. The ability to harness big data coming from a multitude of sensors in the electric grid proves to be very useful for managing resources. This is useful especially in the utilities sector, where resources such as electricity cannot be stored dependably, but cannot be underproduced as well, resources must be managed very well. One potential way to do this is the smart grid, which can theoretically process millions of data points coming from thousands of sensors connected as a part of the grid. Software can be used to perform analytics to predict exactly how much of electricity is required, considering the given data.
This will create an electric grid that can self-determine any requirements and deliver it. Smart grids have also been given a special treatment by the Government of India, that aims to use it to provide last mile connectivity and electric services in rural areas. They have also been mentioned as a priority area for the AI task force, with multiple reports and pilot projects being undertaken already.
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Accenture to acquire Enterprise System Partners
Publication- Bio Spectrum India
Edition- Online
Date- 07 March, 2019
Accenture has agreed to acquire Enterprise System Partners (ESP), a consulting and manufacturing services provider for the life sciences industry that is headquartered in Cork, Ireland, serving clients around the globe. Upon close, ESP will join Accenture Industry X.0, which helps clients master the digital reinvention of industry, strengthening Accenture’s capabilities to transform manufacturing for pharmaceutical, biotech and medical device clients globally.
ESP has long-standing industry experience in planning and implementing manufacturing solutions, with niche expertise in manufacturing execution systems (MES) and serialization. MES digitally track and document the production process, providing the groundwork for more automated and analytics-driven manufacturing and supply chains. Serialization allows life science companies to digitally track each saleable unit from the packaging line all the way to the patient.
Ben Salama, a managing director who leads Accenture Industry X.0 in the United Kingdom & Ireland, said, “Digital technologies are fundamentally transforming the factory floor. With ESP’s manufacturing solutions and our Industry X.0 capabilities, we can help clients take advantage of engineering and product lifecycle management, advanced analytics, and artificial intelligence for a flexible, efficient, and cost-effective production process.”
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Switzerland Submits First Real Estate Transaction on Blockchain
Publication- Crypto News
Edition- Online
Date- 07 March, 2019
Switzerland is now officially the first country in the world to submit a real estate transaction on the blockchain. The transaction was carried out by the combined efforts of three Zug companies blockimmo, Elea Labs and Swiss Crypto Tokens. Elea Labs supplied the complete, validated data for the property and Swiss Crypto Tokens enabled the transaction with the ‘CryptoFranc’, a stablecoin linked directly to the Swiss franc.
Commenting on the development, Bastiaan Don, founder and Managing Director of blockimmo, said, “I am delighted that we were able to pull off this premiere, the first property transaction through blockimmo. The platform is the first secure blockchain product for both private and professional investors.”
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Global Blockchain Spending to Surge 89% in 2019, IDC Report Says
Publication- Krypto Money
Edition- Online
Date- 07 March, 2019
Global blockchain spending is likely to surge by close to 89% from 2018 to an estimated $2.9 billion according to a new report published by International Data Corporation, a market-research firm based in the USA. The report, titled ‘Worldwide Semiannual Blockchain Spending’ analyses blockchain spending across various industries and geographies. IDC predicts global blockchain spending to grow rapidly between 2018 and 2022, with a five-year CAGR of 76 percent. The report forecasts that total global spending in blockchain will climb to $12.4 billion in 2022.
Expectedly, the report claims that the financial services sector will lead the way in blockchain spending with an investment of more than $1.1 billion in aggregate across banking, insurance, and capital markets. The financial services industry has been the most enthusiastic and among the earliest adopters of blockchain technology with several live applications in cross-border payments, trade finance, and post-trade settlements. The IDC report notes that these use cases will continue to receive the bulk of the investment totaling $738 million.
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Why Blockchain Company Solve.Care Collaborates With Lyft And KuCoin
Publication- Owlt Market
Edition- Online
Date- 07 March, 2019
The global blockchain company Solve.Care has collaborated with the on-demand transportation company Lyft in order to provide the world’s best transportation to people. Solve.Care wallet (SOLVE) users will be provided with greater accessibility and will have control over healthcare related to transportation through this collaboration. They can schedule their own Lyft rides to clinics, hospitals, and pharmacies, connect with them at any time and pay via SOLVE. The rides payments can also be shared with family members, employers, insurers and others. The coordination between patients, providers, and family members related to schedule adjustments, arrival, cost, and other assistance can also be facilitated through this collaboration.
The CEO of this Blockchain Company Solve.Care Pradeep Goel said, “Solve.Care is continuously working to offer better access to medical care. By partnering with Lyft, our platform will provide a more efficient and seamless experience for patients and enable payers, employers, and other agencies to improve patient satisfaction through timely access to care, reduced wait times, and simpler cost-sharing and access to transportation subsidies.”
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Oil And Gas Blockchain Event 2019 Aims To Transform Energy Industry
Publication- Owlt Market
Edition- Online
Date- 07 March, 2019
The Blockchain event “Oil and Gas Blockchain Summit” will be held in Houston, Texas on March 7, 2019. Blockchain technology can be used for making the energy industry secure, compliant, efficient and profitable than ever and this event will educate attendees with the blockchain. This event is organized to solve those problems which are faced by this industry.
Those creative technologists who drive Blockchain adoption will share tactics related to Blockchain incorporation with the aim to transform their enterprises. The creative technologists will not only share the tactics, but Fortune 500 executives also come forward.
In this Blockchain event, the Founder & CEO of Ziyen Alastair Caithness, the Petroleum Engineer at Proline Energy Resources Inc. Vikrant Lakhanpal and the Chief Corporate Development Officer at Data Gumbo Corporation Lisa M. Smith will play major roles. Mr. Caithness will lead a panel called “The Power and Promise of Blockchain Technology in Royalty Management.” in order to hold a rich discussion with Mr. Lakhanpal and Ms. Smith.
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IBM unveils new solution to secure blockchain and connected infrastructure
Publication- Wire19
Edition- Online
Date- 07 March, 2019
IBM’s X-Force Red team has launched a new blockchain testing solution that will help enterprises to securely build, implement, and use blockchain technology and the connected infrastructure. Called the X-Force Red Blockchain Testing, the new solution comes with manual review of chain code, and security controls and processes. These processes include access controls, finding a probable adversarial path to compromise and move laterally within a blockchain network.
The adoption of blockchain in rapidly increasing across several industries, including healthcare, automotive and logistics, financial services, food services, etc. As per a report by HTF Market Intelligence, the global blockchain market will reach $19.9 billion by 2023, growing at a CAGR of 42.8%.
The main reason behind accelerated adoption of blockchain technology is that it is a new frontier for secure transactions. However, the management of blockchain solutions also needs to be done securely.
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HIDCO to install IoT device to cut down on power consumption
Publication- Millennium Post
Edition- Online
Date- 07 March, 2019
Housing Infrastructure Development Corporation (HIDCO) will install an IoT (Internet of Things) device to conserve power as a part of the 'Green City Clean City' project in New Town. The device will be installed in 100 lampposts to begin with. The objective is to optimise consumption of energy (each street light consumes 180 W) based on external conditions like less traffic or daylight. Installation on a 1 km stretch will be completed in a week's time.
Whenever available light is less, the device will switch on the street lights automatically. By means of various signals transmitted to the cloud, things like the intensity of light can be remote controlled through an app for each street light from a central control room. The system enables ON, OFF, DIM and SCHEDULE functionalities for the street lights via LoRA network and a software application. LoRA is a wonderful new low-power, wide-area network for efficient M2M (machine to machine) communication required for IoT. Expensive SIM cards and data network are not required as LoRA works with very small data packets, enough to send out and communicate commands such as meter reading, on/off command or illumination level.
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