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Unemployment in Indian EdTech Sector
The country has witnessed growth in the IT sector and a shift towards education, with more than 4,500 EdTech startups have been launched in India to cater the needs of around 300 million students in the country. The sector got a much-needed push due to digital adoption; close to half a billion internet and smartphone users contributed to it.
The lockdown and fear of COVID-19 spread has taken schools, colleges, and educational institutes online, thus leading to the emergence of many EdTech products and services and a rise in adoption.
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00:47# India's EdTech sector experienced a watershed moment during the pandemic.
01:32 India's EdTech industry faces challenges as traditional tuition centers reopen
02:14# EdTech industry faces challenges due to economic uncertainties
02:59 #Delhi Metro introduces mobile app for QR tickets
03:44 #Karnataka High Court fines Twitter for not complying with government's order
04:28 #Byju's faces board member resignations while Akash acquires 20% ownership
05:15 #Google and #Facebook to block news in Canada over new law
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#varindia #news #newshour #technews #government #Akash #Byju #Google #Facebook #Canada #Twitter #HighCourt #Karnataka #QRtickets #Metro #Delhi #challenge #EdTech #india #IndianEdTech #UnemploymentIssues #JobLosses #TechIndustry #EmploymentCrisis #SkillGap #EducationSector #COVID19Impact #DigitalLearning #JobOpportunities #JobCreation #VocationalTraining #YBy VARINDIA | 11 views
Cloud transformation in financial services
One of the #keytechnologies that assisted the financial services industry to address clients’ shifting expectations during the pandemic has been cloud services, neatly summed up by #Microsoft as “the delivery of computing services – including servers, storage, databases, networking, software, analytics, and intelligence – over the Internet (‘the cloud’) to offer faster innovation, flexible resources, and economies of scale.
While IT spending, in general, is expected to remain static, cloud spending is likely to increase. Firms are broadly expecting cloud costs to rise in the 1-10 percent range. The cloud is fast becoming more intelligent, hyperconnected, and pervasive.
For the immediate future, financial services firms are focusing their cloud goals more on business growth and revenue generation than reducing expenses. Leaders said they expect to make their most significant cloud investments over the next two years in product development/ R&D (62%), cybersecurity (48%), business development and sales (42%), and procurement/supply chain (44%).
In a crucial shift, the cloud is moving from an efficiency play to a growth driver. The survey results give financial services leaders real numbers around the benefits they can expect from a well-executed move to digital.
Almost all clients report revenue benefits over three years due to using the cloud to create new products, services, and business models. These gains average at around 4%, although about a third of firms anticipate revenue increases of up to approximately 15%.
Lack of a cloud strategy is the biggest challenge facing companies across the board, financial executives say. The next few years will be critical for determining leadership in many industries, including financial services. COVID will eventually fade, but the remainder of this decade will only see disruption escalate. That is because the pandemic unleashed new consumer expectations. They want 2By VARINDIA | 48 views
Two-Thirds of Organizations Have Been the Target of at Least One Ransomware Attack
#PandoraBox #prominentIndians #Whatsapp
ZTNA - an emerging technology
Unsurprisingly, organizations cited the evolving threat landscape as one of the top challenges in preventing ransomware attacks. As evidenced by ransomware surveys, there is a huge opportunity for the adoption of technology solutions like segmentation, SD-WAN, ZTNA, as well as SEG and EDR, to help protect against the threat of ransomware and the methods of access most commonly reported by respondents. The high amount of attacks demonstrates the urgency for organizations to ensure their security addresses the latest ransomware attack techniques across networks, endpoints, and clouds. The good news is that organizations are recognizing the value of a platform approach to ransomware defense.” “A recent report from FortiGuard Threat Landscape says ransomware grew 1070% year over year.
The survey reveals that most organizations are more concerned about ransomware than other cyberthreats. However, while the majority of organizations surveyed indicated they are prepared for a ransomware attack, including employee cyber training, risk assessment plans, and cybersecurity insurance, there was a clear gap in what many respondents viewed as essential technology solutions for protection and the technology that can best guard against the most commonly reported methods to gain entry to their networks. Based on the technologies viewed as essential, organizations were most concerned about remote workers and devices, with Secure Web Gateway, VPN and Network Access Control among the top choices. While ZTNA is an emerging technology, it should be considered a replacement for traditional VPN technology. Another surprise was secure email gateway at 33%, given phishing was reported as a common entry method of attackers. With this top concern of organizations regarding a ransomware attack was the risk of losing data, with the loss of productivity and the interruption of oBy VARINDIA | 41 views
India’s data centre industry capacity to double by 2023
#Apple #CyberSingham #cybercrime
Data capacity is measured in megawatt and gigawatt and indicate how much data the network of servers is capable of consuming. The rollout of 5G services by telecom companies is likely to drive exponential growth in data consumption. India’s data centre industry is expected to double in capacity by 2023, driven by digitalisation and rising cloud adoption, according to property consultant JLL. The demand for data centres has been growing due to increasing digital usage emerging from distributed workforce, growing data security concerns and business disruptions. Additionally, banking and financial services are adopting hybrid options to meet digital growth. Homegrown video and gaming platforms in the midst of robust user growth are also fuelling the data centre industry demand. Leading players into data centre business are also adopting strategic alliances by investing in new submarine cables to meet growing demand. Recently, tech giants Google and Facebook announced their partnership to build a 12,000 km-long undersea cable.
Data centres are a large network of computer servers that are used by organisations across various industries to store, process and distribute large amounts of data. The industry consumed nearly 500 MW of data in the first half of 2021 in the country and is expected to exceed 1 GW in the next two years. Further, the rollout of 5G services by telecom companies is likely to drive exponential growth in data consumption, the report noted. Mumbai, which currently accounts for 45% of the total capacity, is expected to further add 276 MW between now and 2023, according to the report. “Various states have also been providing incentives for the data centre industry as they want to join the next leg of technological change, '' says JLL report. JLL also noted that data centre operators are adopting large land acquisition strategies to fulfil the long-term requirements of majorBy VARINDIA | 35 views
The next big thing in technology shift is Edge Computing
#EdgeComputing #TataRealty #Actis
Edge computing – the next big thing
Although cloud computing continues to play an important role in modern network architecture, the exciting possibilities offered by Internet of Things (IoT) devices, which are capable of processing the data they gather closer to the source, are forcing companies to rethink their approach to IT infrastructure. Often touted as the “next big thing,” . As many companies are wondering how edge computing differs from more traditional data processing solutions and how it could benefit their business. Edge computing not only has the ability to deliver a direct on-ramp to a company’s preferred cloud platform, but it also can help achieve flexibility and nimbleness when it comes to ensuring a streamlined, efficient IT infrastructure. There are challenges that demonstrate the growing need for an alternative to cloud computing.
Cloud computing is an inherently centralized computing paradigm. Edge Computing is a decentralized topology that is based on keeping data local, at the ‘edge’ of the network, as close to the source as possible. Today’s IoT devices are capable of gathering, storing, and processing more data than ever before. This opens up opportunities for companies to optimize their networks and relocate more processing functions closer to where data is gathered at the network edge. As the data in cloud computing networks are centralized, with data being gathered on the outermost edges and transmitted back to the main servers for processing. This architecture grew out of the fact that most of the devices located near the edge lacked the computational power and storage capacity to analyze or process the data they collected. Even as more devices became capable of connecting to networks over cellular and WiFi, their functionality was relatively limited by their hardware capabilities.
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2:14 #TataReBy VARINDIA | 38 views
Data Virtualization presents a unique approach for the Enterprises
#Samsung #Vedantu #PiyushGoyal
Data Virtualization Adoption
The government is targeting an investment of Rs 3 lakh crore in the next five years as part of the hyper-scale data centre scheme and is planning to provide between 3 to 4% of capital investment as an incentive to companies, along with real estate support and faster clearances. Data centre is a big growth segment for many players, with digitisation taking off across a multitude of our lives, both personal and professional. Most of the enterprises move into the next phase of quickly accessing data without persistently storing it, there will be rapid data virtualization adoption. Data virtualization software acts as a bridge across multiple, diverse data sources, bringing critical decision-making data together in one virtual place to fuel analytics. Data virtualization addresses the data movement challenge by ensuring data remains at the source — yet is also available for consumption in real-time for consuming applications. It provides a modern data layer that enables users to access, combine, transform, and deliver datasets with breakthrough speed and cost-effectiveness.
Data virtualization technology gives users fast access to data housed throughout the enterprise—including in traditional databases, big data sources, and cloud and IoT systems—at a fraction of physical warehousing and extract/transform/load time and cost. With data virtualization, users can apply a range of analytics—including visualized, predictive, and streaming analytics—on fresh, up-to-the-minute data updates. Through integrated governance and security, data virtualization users are assured their data is consistent, high quality, and protected. Additionally, data virtualization allows for more business-friendly data, transforming native IT structures and syntax into easy-to-understand, IT-curated data services that are easy to find and use via a self-service business directory. Data virtualizationBy VARINDIA | 63 views
Data Uberization will lead to growth of SaaS market
#SaaSmarket #PM #Ujjwala
Data Uberization helps SaaS market growth
The SaaS market is reaching a higher revenue size than both IaaS and PaaS combined—at least for the time being. Ultimately, though SaaS might begin to slow this year, geo-economics may reverse that slowdown. By 2022, SaaS is expected to generate double the revenue of PaaS and significantly more than IaaS. We realize, however, that a significant portion of their revenue comes from selling on-premise software—so while they’re huge tech companies, calling them SaaS providers is a misnomer. This demand for subscription-based pricing models, however, is spurring legacy companies to rapidly migrate their software solutions to a SaaS consumption model. A report says, the coming three years is going to witness a huge pile of data ,which we might have seen in the last 30 years. We are going to witness several new companies to enter into the segment of Artificial Intelligence and SaaS based solutions. By 2021, 73% of organizations will be using all or mostly SaaS solutions.
Nearly 85% of small companies have already invested in SaaS options. This means there is strong potential for growth of SaaS products in the coming years as their Total Cost of Ownership (TCO) matches that of the on-premise software deployment models. Organizations dominating the enterprise software space—IBM, Oracle, Microsoft, and SAP—will likely maintain their market share for enterprise software products, as a growing number of customers can take advantage of the same product capabilities with the feasible subscription-based pricing model. However, the industry is still riddled with a lot of challenges in terms of talent and which is why organisations have started pouring a substantial amount of money in building their data science and analytics team. Organisations regardless of their positions have been using data science and analytics to garner insights from data.
Today'sBy VARINDIA | 35 views
Digital economy is a critical tool for social inclusion
#DigitalEconomy #Intel #Google
Digital Economy - tool for Social Inclusion
In the recently held G20 Digital Ministers’ Meeting hosted at Trieste, Italy, the G20 ministers adopted a declaration for “Leveraging Digitalization for a Resilient, Strong, Sustainable and Inclusive Recovery”. It is noted to hear the Ministers agreed to work towards the enhanced cooperation on the pillars of Digital Economy and Digital Government. Minister of Electronics & Information Technology Ashwini Vaishnaw led the Indian delegation virtually and shared India’s success story of Digitalization how, Digital India is working out for digital inclusion and social empowerment, through digital technologies and public digital platforms such as AADHAAR, Direct Benefit Transfer (DBT) etc. “Providing digital identity Aadhaar to 1.29 billion users, opening bank accounts of 430 million poor people and linking both these to send the financial entitlements directly into bank accounts has eliminated leakages from the delivery system. Around 900 million citizens are receiving benefits of one or more schemes. This has not only empowered the common citizens but has also led to savings of over $24 billion in the last seven years.
Vaishnaw also highlighted the importance of digital inclusion during the pandemic for which India has been a strong proponent. He said that technology is for Digital Inclusion and not for creating digital divide and India has always been advocating that digital economy is an important tool for social inclusion. Minister of State Shri Rajeev Chandrasekhar shared India’s model for the availability of robust and secured digital infrastructure including digital platforms and connectivity under the Digital India programme. He spoke, Technology and Digitalization has been front and center in the toolkits of every government’s response to the COVID causing disruption of lives, livelihoods and economies. He suggested that G20 countries should collaborate onBy VARINDIA | 83 views
Blockchain platforms to witness solving major issues into taxations
#Blockchain #Birla #VodafoneIdea
Blockchain solving taxation issues
With the recent introduction of TaxGrid - a global tax withholding solution that leverages blockchain technology to automate, decentralize and securely share tax and financial information while maintaining data privacy between financial institutions and government agencies. EY has started this in the early 2020 when the pandemic hits the globe, EY used a permissioned Ethereum network across multiple cloud providers including AWS, Azure and IBM Cloud to build Tax Grid. EY hosted some nodes on behalf of some partners while other participants hosted their own nodes. The same software ran across all nodes. TaxGrid has the potential to replace a manual and paper-based tax refund process that costs investors’ money and creates fraud headaches for tax collectors. It uses fungible and non-fungible tokens to track dividend income. This makes it easier for tax agencies to apply the appropriate tax rate to transactions.
The shared ledger carries the information in real-time as to who owned the stock at the time of sale, the type of entity, the country of location and the appropriate tax rate. It's the first time that we know that an application like this involving multiple government and financial institutions was built using zero-knowledge proof. It also provides a complete and detailed picture of a transaction for tax agencies while protecting individual investor privacy and confidentiality. An expert claims, without the zero-knowledge proof, everyone would be able to see all the information from the transaction. With the zero-knowledge proof, everyone can have the cryptographic assurance that whatever transaction they were relying on was done correctly. TaxGrid is a new solution to the familiar problem of withholding tax rates on dividend income from global investments.
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2:07 #Birla is ready to give #VodafoneIdeaBy VARINDIA | 48 views
5G to transform businesses across industries
#5G #Microsoft #datacentre
The next wave of 5G expansion will allow businesses of all types to reap the benefits of enhanced mobility, flexibility, reliability and security. A survey says, half of those who plan to add 5G said they will build their own, and the other half will buy it from service providers. The report elaborates that over 40% of the organizations expect to roll out some kind of 5G solutions in at least a single site or more in the next two years, so that's extremely encouraging. That means 5G is indeed picking up for industries and that's also quite important for the overall 5G market, because unless there is an adoption, there wouldn't be an innovation.
When we saw the evolution of technology, firstly, 3G, device-makers displaced the carrier’s lock on the end customer. Secondly, with the advent of 4G, enterprise mobile apps and cloud platforms grabbed a significant share in a growing market, creating a whole new ecosystem of software players. As the innovation continues, 5G is also poised to shake up the wireless ecosystem—particularly in the enterprise market—and participants should carefully consider how they can capture and offer value. Organizations moving to adopt next-gen wireless strongly believe it has the potential to provide competitive advantage, unlock the power of other emerging technologies, and transform their organization and industry in the next three years. Business users will adopt 5G for different reasons than consumers, which means it is essential for service providers to understand what those reasons are and what 5G can do. Time to explore the possibilities…..
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2:01 #Microsoft to invest Rs.15,000-crore to set up #datacentre in #Telangana
2:37 #Byju ’s acquires US-based startup #Epic for $500m
3:26 #Britishtelecomgroup invests in Indian company #SafeSecurity
4:11 #NPCI ’s voice-based payment solution to be aBy VARINDIA | 82 views
Indian Edtech has taken CenterStage in the start-ups eco-system
#edtech
EdTech taking centerstage
The Indian edtech industry will achieve a size of $30 billion over the next decade, a 40-fold jump from its current size of $700-800 million. India has the world’s largest population of school-going children – 265 million. That number will rise substantially if higher education is thrown into the mix. With schools and colleges shut because of the coronavirus outbreak, online education companies are stepping in to fill the breach. It’s an opportunity worth billions. Albert Einstein, once said: “In the midst of every crisis, lies great opportunity.” Since then, this has become an often-repeated idiom across management classes, textbooks, corner offices and boardrooms around the world.
When the Covid-19 pandemic led to the world’s most stringent nationwide lockdown in India last year, followed by lesser state-specific and local lockdowns in 2021, created an economic crisis across various industry segments, the online education (edtech) sector sensed the opportunity. With schools and colleges shut and exam schedules gone awry, edtech start-ups found their moment under the sun. Offering services like kindergarten to Class 12 (K-12) coaching modules and online coding classes as well as more niche learning programmes, these start-ups attracted millions of new subscribers and billions of dollars in fresh funding. As the Start-ups get millions of subscribers, billions in funding, Firms like Byju’s, Unacademy and UpGrad have emerged as global leaders in this space. The valuations of the edtech companies soaring by the day, these start-ups could offer investors who enter them now huge upside potential in the years to come.
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Neo banks are offering ethical banking and financial services
#NeoBank #neobanking
Neo Bank segment is scaling up
A neobank is a kind of digital bank without any branches. Rather than being physically present at a specific location, neobanking is entirely online. It’s a wide umbrella of financial service providers who beseech today’s tech-savvy customers. Neobanks can be called fintech firms that provide digital and mobile-first financial solutions payments and money transfers, money lending, and more. Neobanks don’t have a bank license of their own but count on bank partners to provide bank licensed services. As digital achieves new high, the idea of banking without banks and banks without branches is gaining customers. Globally, many large banks have started reducing their branches. In India too, many banks have rationalised their branches and partnered with new-age Neo Banks for a seamless customer acquisition and product offering.
Globally, the Neo Banks model is picking up. Neo Banks are expected to raise 394 billion dollars by 2026. In India too, the Neo Banks segment is scaling up and they raised 90 million dollars last year. These Neo Banks also operate in, credit cards, forex cards and payments, cash flow management and business banking services, expense management and loan products. Currently, 10 Neo Banks are operating in India and a few more are in the pipeline to begin their operations. But, according to BoFA securities, Neo Banks will take 2-3 years to disrupt the market. Neo Banks are 100% digital in nature. They operate entirely online without any physical branch. Neo Banks offer multiple financial services from money transfer to opening a bank account. Neo Banks partner with the traditional banks and help them acquire the customers in the most seamless manner. Neo Banks globally are famous for faster customer acquisition and consumer appeal vs legacy banks.
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Demand for setting up of data centres to go up by 2025 | Breaking News | IT News | Latest 2021
Demand for setting up of data centres to go up by 2025 | Breaking News | IT News | Latest 2021
#datacentres #realestate
We have witnessed the demand of the Real Estate for setting up of Data centres have gone up during the coronavirus outbreak across the global level, including in India. However, many DC owners are struggling to enhance the customer base. It is true that acquiring new customers is hard work. It’s not as simple as putting out an amazing product and hoping for the best—you need to make a crystal clear customer journey to supplement it. Key touchpoints at different customer journey stages are critical to building an optimal user experience. The Indian data centre market is likely to see higher growth than the global average.
A survey says, the Real estate demand for data centres is set to grow by 15-18 million sq ft over the next 4 to 5 years across major Indian cities. Data centre demand is expected to touch over 2,500 megawatt between 2021 and 2025 with the adoption of 5G, Internet of Things, artificial intelligence, increasing use of cloud services and in smart cities. India’s data localisation laws, increasing adoption of cloud technology, and ever-increasing use of ecommerce, digital transactions and social media will result in increased demand of data thereby, pushing the need for data centre and cloud services in the country. At present, data centres in India occupy over 7.5 million sq ft area, consuming over 650 MW power. More than 8 million sq ft and 870 Megawatt capacity is under construction and will go online between 2021 and 2025. With the proposed development of over 10 million sq ft for 1200 Megawatt, the country is expected to achieve 3000 Megawatt data-centre capacity in near future.
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Digitization becomes a process; whereas platforms are the future
Digitization becomes a process; whereas platforms are the future
Digitization becomes a process; whereas platforms are the futureBy VARINDIA | 31 views
India is moving towards the path of self-reliance
India is moving towards the path of self-reliance
India is moving towards the path of self-relianceBy VARINDIA | 114 views
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संबुद्ध सदगुरु और दैवी चेतना के वाहक सदगुरु साक्षी श्री की आध्यात्मिकता इतनी सहज, सरल है कि संसार का प्रत्येक व्यक्ति इसका अनुभव कर सकता है, इससे लाभान्वित हो सकता है। साक्षी श्री वर्षों से मानवता को नकली धार्मिकता और कर्मकांडों से मुक्त कर उसे आत्मज्ञान के पथ पर ले जाने के लिए सतत प्रयास कर रहे हैं। इस नकली धार्मिकता ने सदियों से मनुष्यता की आंखों पर पर्दा डाल रखा है और उन्हें बांट रखा है। उनका मानना है कि धर्म आत्म साक्षात्कार को उपलब्ध होने के लिए आत्मिक उन्नति का विज्ञान है। वे ईश्वर को एक सर्वव्यापी और अनंत उर्जा के रूप में परिभाषित करते हैं जो परम शांति और परमानंद के रूप में प्रकट होती है। इस परम शांति और परमानंद का अनुभव ही आत्म साक्षात्कार है।
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