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Odisha Play Key Role In Achieving $5 Trillion | Indian News | Business And Economy | Tech News
Odisha to play the key role in achieving $ 5 Trillion economy
#Odisha #aluminium #economy
Odisha to play role in boosting the economy
Bauxite is the ore from which aluminium is produced. Aluminium is a strategic metal for the country and is quite critical for all the key sectors that will aid in India becoming a $5 trillion economy — right from building and infrastructure to aerospace, electrical distribution and more. There is need for a holistic approach must be adopted for utilisation of India’s abundant bauxite resources and curbing unnecessary imports of this abundant ore. India is ranked fourth in the world in terms of bauxite reserves and has high quality metallurgical grade bauxite deposits with close to four billion tonne reserves. However, these abundant bauxite deposits are largely untapped, and the country is yet to leverage this natural wealth for economic growth and development.
At the same time, there have been continued imports of bauxite to meet the domestic need of existing and newly established industries. The country continues to heavily import bauxite for its industrial needs causing an estimated forex loss of over $571 million in the last six years alone, whereas Odisha has enormous potential to emerge as a manufacture of the base metal, India is in a unique position to leverage and become a manufacturing nation. However, there are certain regulatory challenges that the sector faces that need to be addressed to ensure that odisha plays a major role in contributing to a self-reliant India, yes there is a potential which is well placed. Sources said, Indian manufactures can import from neighbouring country Thailand but they found difficult to get from inside India, it is need to be addressed by the regulatory .India continues to import aluminium and aluminium scrap thanks to a low import duty. The concern is on, Indian aluminium one of the most expensive metals thereby discouraging manufacturers to source from IndBy VARINDIA | 62 views
Organizations shrinking into a screen with hybrid work models
With the hybrid model as the future of workplaces, people would continue to work from home on some days of the week. In the last fifteen months we have seen organisations across the world see themselves shrink into a screen. Virtual existence and work from home became a way of life as workers embraced the new normal despite several glitches. The future of a hybrid modern workplace depends on how companies can also create a more connected distributed workforce. The world has shifted towards a more distributed workforce, and with recent global events, hybrid work is here to stay. Users now expect to connect from anywhere and on any device, while security teams have the same complex, piecemeal and time-consuming solutions. It is time to rethink security.
The idea is to focus on basic safety protocols, cleanliness, routine sanitisation, and adjusting space density to maintain distance. With agility, innovation, and quick response to customer needs being the strengths, a flexible workspace is an achievable concept for the organizations. On these lines, employees of bigger corporations are now expecting the adoption of similar restructuring. Change is always constant and it is inevitable. However, this pandemic has made us realise that we are capable of change; enabling remote workforces, adapting to changing customer behaviours or even reviewing and changing entire business models, we have seen it all in the last year. Technology is the common denominator here, and it is now more influential than ever. The digital economy triggered by the pandemic promises to bring in an unprecedented confluence of people, businesses, and things that reconstruct existing business models.
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Open source enables new capabilities and improves the efficiency of a project
We have learnt how data transmission and transactions became critical, as consumers dramatically increased their use of online services for things like shopping, healthcare and entertainment. Businesses rapidly adapted to this changing behaviour and the market uncertainties that came with it. The ability to quickly pivot in response to rapid change under very tight timelines was once almost unimaginable, but companies that are data-driven thrived. A study by Tableau and YouGov among IT decision-makers in Singapore, Australia, India and Japan, found that 82% of data-driven companies derived critical advantages during the pandemic by making faster strategic decisions and by making their businesses more agile. Rapid technological innovation works best when data is easily accessible, and enterprises are best served when they adopt modern technologies like open source database software.
In a Red Hat survey, 52% of Asia-Pacific respondents said they use open source databases, highlighting the prominence of open source in the region. Unlike proprietary databases, open source databases enable developers to ‘fail fast’, a concept in DevOps and agile, whereby developers work with small increments of code that allow them to detect problems early and fix them while still in development. Open source databases enable developers to rapidly try new capabilities that speed innovation and improve the efficiency of their projects.
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Open source enables new capabilities and improves the efficiency of a projectBy VARINDIA | 59 views
Targeted ransomware has already put every organisations on head over heels
Ransomware industry moving steadily
Ransomware is like the current pandemic, it gives a feeling of being both distant and not dangerous, when in the midst of it you understand what it really is. You don’t know what has hit you and where to go. Ransomware has been steadily gaining ground for the last few years, but for those unaffected, it seemed to be an academic exercise. At the same time , the whole World has ended up paying ransom in the recent past. If we go by some of the ransom payments this year; $2.3 million by Travelex, Colonial Pipelines $5 million, JBS $11 million, Garmin was demanded $10 million but payment not known, Cognizant April 2021 payment not known etc. In the last two cases the data was decrypted, so you can come to your own fair judgement. This gives a clear indication of the fact that the ransomware industry is moving steadily in the direction of targeted ransomware attacks. They feel that is where the money is and they have been proven right.
The technical, social engineering and business acumen professionalism which these hackers have gained over the years have emboldened them to go in for bigger catches. They have realised that they have the skills by which they can turn the world upside down and they are doing it. Every single case proves their hypothesis. The world is just not ready to handle a crime of this nature. WannaCry was a test case of crowdsourcing ransom. Its spread was phenomenal, nobody knew what was the quantum of actual proceeds? The surprising part is, even after the ransom was paid, the copy of the data remained with them, which is then offered for further extortion; financial blackmail, sell it to business competitors; simply, make maximum money out of that data, whichever way. To add to the agony nearly 36% of the companies / victims face a second attack by the same hackers.
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The saga behind the computer chip shortage
Hundreds of billions will be spent by governments and corporations in coming years on a 'chip race' with geopolitical as well as economic implications. The stay-at-home era caused by Covid-19 pushed demand beyond levels projected by chipmakers. Lockdowns spurred growth in sales of laptops to its highest in a decade. There is worldwide dependence on two Asian powerhouses -- Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. -- a reliance exacerbated by the pandemic and rising U.S.-China tensions even before the current deficit.
Home-networking gears, webcams and monitors were snapped up as office work moved out of the office, and Chromebooks as school left school. Sales also jumped for home appliances from TVs to air purifiers, all of which now come with customized chips. PC makers began warning about tight supply of semiconductors early in 2020. Then by mid-year, Huawei Technologies Co. -- a major smartphone and networking gear maker -- began hoarding components to ensure its survival from U.S. sanctions that threatened to cut it off from its primary suppliers. Other Chinese companies followed suit, and the country’s imports of chips climbed to almost 380 billion dollars in 2020 -- making up almost a fifth of the country’s overall imports for the year. Chip shortages are expected to wipe out 61 billion dollars of sales for automakers alone this year and delay the production of a million vehicles in the March quarter. Not only cars but possibly a broad spectrum of chip-heavy products from phones to gaming consoles could see shortages or price hikes. With all this we are expecting a “serious imbalance" to pose a problem to the chip business this year.
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Global eCommerce Payment Frauds spikes In 2021
In one hand, the COVID-19 pandemic has accelerated the adoption of e-commerce worldwide, on the other, it has led to the rise of e-commerce related frauds. According to a new study from Juniper Research, it has been found out that the value of e-commerce fraud-related losses has risen from $17.5 billion in 2020 to $20 billion by 2021, a staggering growth of a whopping 18% within a single year. The research found out that threat actors, as of late, are targeting consumers as they have increased their online shopping. And this, in turn, is exposing the insecure fraud mitigation processes of merchants who are not very familiar with the overwhelming fraud challenges that exist in the e-commerce space.
Increased security can easily lead to increased friction for consumers when it comes to payments. The new research report found out that while merchants are inclined towards reducing e-com fraud risks from their current levels, they are hesitant to introduce extra friction in the checkout process. Juniper Research found also revealed that one way to address this would be to include clear messaging about security checks to consumers and use automated behavioural analytics, which leverages A.I. to preserve the user experience, aka UX. The research highlighted that, merchants would need to make sure the extra layer of security checks are well justified to the user. Only then can they prevent higher cart abandonment rates while making sure they are lowering fraud risks at the same time.
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Healthcare Technology Tools Are Making The Difference
Digital technologies are being harnessed to support the public-health response to COVID-19 worldwide, including population surveillance, case identification, contact tracing and evaluation of interventions on the basis of mobility data and communication with the public. As India is grappling with the unprecedented medical crisis, the hospitals and frontline medical workers are undergoing immense physical and mental strain. From double shifts and disturbing scenes of pain and suffering, to the daily fight and often loss of life, are taking a toll on their wellbeing. The massive, nationwide vaccination drives to contain the virus, is further adding more burden on the already exhausted healthcare professionals.
Under such dire circumstances, smart technology adoptions and tech enabled tools can come to the rescue to not only help streamline operations but to also drive efficiency and reduce the burden. While digital healthcare tools have been around for a while, the pandemic in 2020 accelerated tech adoption, both for patients as well as the healthcare provider fraternity. Telemedicine, video consultations, wearable tech for monitoring vitals and AI powered assistants for patients needing constant care, have all become significant, as the pandemic forced the human population around the globe, into isolation. Needless to say, the pandemic has made it imperative to embrace tech solutions faster, to handle the crisis.
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Healthcare Technology Tools Are Making The DifferenceBy VARINDIA | 26 views
The global VPN market is predicted to reach over $107.5 billion by 2027
#Apple #VPN #CCI
VPN market to witness a good growth
Virtual Private Networks (VPNs) are used all over the world to provide people with encrypted connections to the internet. A VPN is a piece of software that creates a secure (encrypted) internet connection – also known as a “VPN tunnel” – between your device and the website or app you are trying to reach. When you use a VPN, your standard internet connection is redirected via a secure VPN server before connecting to the wider Internet. Once you connect to a secure VPN server, your internet traffic goes through an encrypted tunnel that nobody can see into, including hackers, governments, and your internet service provider. Consumers use VPNs to keep their online activity private and ensure their internet experience is free from outside interference and most of the enterprises are using VPNs to connect far-flung employees as if they were all using the same local network at a central office, but with fewer benefits for individuals than a personal VPN. Using a VPN, changes your IP address, the unique number that identifies you and your location in the world. This new IP address will make you appear to be in the location you select when you connect: the UK, Germany, Canada, Japan, or virtually any country, if the VPN service has servers there. Changing your IP address with a VPN helps shield your identity from websites, apps, and services that want to track you. Good VPNs also prevent your internet provider, mobile carrier, and anyone else who may be listening from seeing your activity, thanks to a layer of strong encryption.
VPNs can help secure data, since, encryption is a way of scrambling data so that only authorized parties can understand the information. It takes readable data and alters it so that it appears random to attackers or anyone else who intercepts it. In this way, encryption is like a "secret code''. The Virtual Private Network (VPN) – Global Market TBy VARINDIA | 17 views
It's wake up time to enhance cyber security in 2022
#MHA #cybersecurity #ransomware
Enhance cyber security in 2022
In the new year, ransomware attacks are projected to increase, major nation-states look to ramp up aggressive tactics, and deep fakes are likely to compound the threats to cybersecurity. All credit goes to covid-19 pandemic upended workplaces and ushered in rapid digital transformation, the turmoil around cybercrime has remained constant. Attackers are always changing tactics to evade detection. When the experts close one window, hackers open another three windows for injecting the vulnerabilities, hence it is high time for the organizations to appoint atleast one security expert to secure and confident against cyber threats, like attacks on critical infrastructure are likely to gain prominence. OEM-dependent closed systems, lack of understanding of operation technology, and poorly implemented security controls make attacks on critical infrastructure a ripe target. We will witness attacks on the healthcare sector, the criticality of the industry in COVID times present an opportunity for attackers to create significant disruption. There are State-sponsored cyber warfare who will see a significant increase driven in part by the current turbulent geopolitical situation.
The sharp increase in Cloud vulnerability will continue to dominate security conversations. Enterprises of all sizes and verticals have been forced to adopt the cloud as an effective way to make their infrastructure accessible for remote workers. Most of these enterprises have a minimal understanding of the underlying security needs, leaving them exposed big time for credential hijacking, data theft, and ransomware attacks. Newer technologies including, Artificial Intelligence/ Deep Learning/ Machine Learning technologies have now been leveraged by cybersecurity technology providers for 2-3 years. Access to better quality data, cheap computing, and stabilization of algorithms has increased the trust of the cybersecBy VARINDIA | 17 views
Is Web3 going to impact the digital world?
#VikramMisri #Web3 #NSA
Web3 - the next evolution of the internet
The internet that connects the global network of billions of interconnected computers and other such devices is single-handedly responsible for impacting the everyday world around us. We already live in a virtual world.The internet has blurred the line between reality and virtual space. The current iteration of the internet is still seeing many advancements with each passing day. Experts postulate that the next version of the internet will be more sophisticated and intelligent than the current one. Tim Berners Lee labeled web 3.0 as the semantic web. Now Web3 is to take the world wide web as we know it and add blockchains – the technology behind cryptocurrencies like bitcoin – to everything. The proponents of Web3 say it is now dominated by big corporations and proprietary algorithms. The primary idea behind Web3—the term was coined in 2014, by Gavin Wood, it will be based on the same blockchain technology that powers things like cryptocurrencies and NFTs. Blockchains are essentially incorruptible digital ledgers that can be used to track the movement of digital assets. Just as cryptocurrency in theory bypasses central authorities such as banks, Web3 would also bypass the central authorities we know as Big Tech. It is all about A paradigm for the Internet and this is where Web3 comes in. The last two decades have proven that building a scalable system that decentralizes content is a challenge. While the technology to build such systems exists, no content platform achieves decentralization at scale.
Web 1.0, the modern-day internet was a military computer network called the ARPANET. Its development was funded by ARPA, a branch of the U.S. Defense Department in the latter half of the 1960s. Whereas, Web 2.0, first named in 1999, saw the development of easy-to-use tools that let anyone create content online, not just experts, but at a cost of centralizing into the tech giants wBy VARINDIA | 19 views
World economy to top $100 trillion in 2022, for the first time
#WorkfromHome #Kalahandi #SEBI
World's economic output to exceed $100 trillion
As the pandemic continues to flare, the global economy is poised to stage its most robust post-recession recovery in 80 years in 2021. But the rebound is expected to be uneven across countries, as major economies look set to register strong growth even as many developing economies lag. Growth among emerging market and developing economies is expected to accelerate to 6% this year, helped by increased external demand and higher commodity prices. However, the recovery of many countries is constrained by resurgences of COVID-19, uneven vaccination, and a partial withdrawal of government economic support measures. Global economy is projected to grow at a record speed. By the end of 2021 or early 2022, we expect the global economy to revert to its pre-pandemic level of output. At one end of the spectrum is the Chinese economy, which is already bigger compared to its pre-pandemic size. On the other end are mostly advanced economies which are either service-based (UK, France, Spain) or more focused on exporting capital goods (Germany, Japan) and are unlikely to recover to their pre-crisis levels by the end of the year.
The world's economic output will exceed $100 trillion for the first time next year, as per the report from British consultancy Cebr. Global gross domestic product will be lifted by the continued recovery from the pandemic, although if inflation persists it may be hard for policy makers to avoid tipping their economies back into recession, the London-based think tank said. India is set to overtake France next year and Britain in 2023, the move will help India in regaining its place as the world’s sixth-biggest economy. Further, Cebr predicted that China will become the world's top economy in dollar terms in 2030. The important issue for the 2020s is how the world economies cope with inflation, which has now reached 6.8% in the US," saBy VARINDIA | 31 views
What makes a fintech start-up a real success?
#SaltSecurity #unicornclub #CapillaryTechnologies
Success Of Fintech Start-ups
India is recognised as the world's fastest-growing economies and has emerged as one of the fastest-growing FinTech hotspots in recent years. Paperless lending, mobile banking, secure payment gateways, mobile wallets, and other concepts are already being adopted at a super speed in the country. FinTechs are emerging with the innovations in digital technology that aims to improve and automate the delivery and usage of financial services. The word FinTech is a combination of "financial technology.” Fintech APIs are driving an explosion of new business models. Their increasing adoption and use throughout the financial sectors have resulted in an explosion of new apps, services and business models. APIs allow different systems to talk to each other. In the context of financial technology—or fintech—they enable data access among the parties involved in financial transactions, including banks, third-party providers, websites and consumers. Banks and payment companies need to connect with third parties in order to expand their services and stay competitive. Merchants need to make it easy for customers to pay using their preferred methods and consumers want to be able to transfer funds, make purchases and perform personal banking tasks on the go.
The digitization of banks, mobile payments, digital currencies, online mutual fund investments and others have given rise to fintech innovation. India's payments infrastructure has seen substantial improvements, particularly with the introduction of new payment mechanisms and interfaces such as Immediate Payments Service, Unified Payments Interface, Bharat Interface for Money, and others. The government's "Make in India" and "Digital India" projects also played a significant role in accelerating the adoption of Fintech. It is commendable that the Reserve Bank of India has also pushed the gBy VARINDIA | 35 views
5G network security to bring $ 11 billion opportunity by 2026
#edtechfirms #Govt #Google
5G is advancing so quickly on so many fronts and changing the way the world connects and communicates that it can be challenging to discern how far we’ve already come and how far there is to go. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices. 5G has been deployed in 60+ countries and counting. We are seeing much faster rollout and adoption compared with 4G. Consumers are very excited about the high speeds and low latencies. But 5G goes beyond these benefits by also providing the capability for mission-critical services, enhanced mobile broadband and massive IoT. Sales of network security appliances to telcos will initially drive the market’s growth as they invest in building out the infrastructure. There are several new mobile phones available that are designed to support 5G, and multiple carriers across the world support the 5G wireless network. 5G wireless technology is intended to provide higher multi-Gbps peak data speeds, ultra-low latency, more reliability, massive network capacity, enhanced availability and a more consistent user experience to more users. Greater performance and better efficiency enable new user experiences and unite new industries.
Experts from the analytical company ABI Research predict that its volume will reach $ 11.6 billion by 2026. Analysts clarify that the first time the growth will be largely associated with the sale of equipment, but in the second part of the forecast period will significantly increase revenues related to software and services. Communication Service Providers (CSPs) buy the solutions they need primarily from network equipment vendors and clean cybersecurity vendors. Over time, other specialized third parties will also enter the market as carriers move to autonomous 5G networks. Over time, as CSPs start offering enterprise applications, this initial investment in seBy VARINDIA | 12 views
How is the future holds for Metaverse in 2022
#Vedanta #Semiconductors #Cisco
Many different technologies are used for the metaverse. It uses augmented reality, virtual reality, and video tools. The concept of Metaverse is that people in digital space are digitally together. The metaverse offers investors the potential to stake a claim in an evolving virtual universe . Metaverse can be used in different locations. From the gaming sector to meetings and interacting with each other, it is going to be included. Simply put, a world where you will have an identity – you will be at home, but your avatar is going to be in Metaverse. People can meet, talk and gaming in the digital space through their avatar sitting at home. People can even make virtual trips around the world through their avatar slot in the digital space. Facebook has done a lot of work on metaverse. The term ‘metaverse’ was coined by Neal Stephenson in a science fiction novel [“Snow Crash”] almost 30 years ago,” wrote Koduri. “In recent years, metaverse has come to represent a utopian convergence of digital experiences fueled by Moore’s Law – an aspiration to enable rich, real-time, globally-interconnected virtual- and augmented-reality environments that will enable billions of people to work, play, collaborate and socialize in entirely new ways. The metaverse is “a whole new 3D interactive internet and creates augmented reality experiences for brands and retailers . It’s like an internet that’s everywhere, not just accessible via phones and computers. We can say it’s kind of the internet of life instead of the internet of things. Tech titans will begin competing for metaverse market dominance in 2022 and non-tech brands will continue to explore how metaverses could deliver operational improvements, according to GlobalData.
In 2022, gaming companies will invest in the metaverse to expand their already substantial user base to create even wider communities. Niantic, known for augmented reality (AR) game Pokemon Go, and Fortnite developer EBy VARINDIA | 37 views
The urgent need to keep Data Secure in Light of Apache Log4j Vulnerabilities
#RBI #DelhiPolice #voterID
The Apache Log4j vulnerability
The recent cyberattack has the potential to wipe out the Internet, putting NASA, smart TVs, and Minecraft in standstill. With this, Amazon and Google are now vulnerable to a sophisticated hacking attack, making the 'worst-ever' Internet security flaw 'apocalyptic' for the computer industry. The flaw, which may allow hackers to take control of nearly everything on the Internet, has apparently made IT giants nervous. According to the Seattle Times, employees at Silicon Valley corporations have been working all-nighters to guarantee their code is secure. The Log4Shell, Apache Software Foundation released information on two critical vulnerabilities in its Log4j Java-based library. The vulnerability is based on an open-source logging library used in most applications by enterprises and even government agencies. The exploits for this vulnerability are already being tested by hackers. The problem impacts Log4j 2 versions which is a very common logging library used by applications across the world. Logging lets developers see all the activity of an application. The first vulnerability CVE-2021-44228, also known as Log4Shell or LogJam, was reported as an unauthenticated remote code execution vulnerability. By exploiting how the library logs error messages, it could lead to a complete system takeover. Log4j is one of the most widely-used logging libraries in the world. Its adaptable logging capabilities make it useful across any type of infrastructure or application. Countless enterprise, government and open-source applications use Log4j. Tech companies such as Apple, Microsoft, Google all rely on this open-source library, as do enterprise applications from CISCO, Netapp, CloudFare, Amazon and others. The potential scope of the initial RCE vulnerability CVE-2021-44228 is astounding. Any device or app connected to the internet running Log4j versions 2.0-2.14.1, is at risk.
By VARINDIA | 37 views
Growing adoption of collaboration platforms could bring potential risks
#IndianArmy #messagingapplication #CarlyleGroup
Collaboration Platforms posing risks
There has been a widespread adoption of collaboration platforms across industries to improve and personalize Customer Experience. Organizations are using these platforms in innovative ways to improve, personalize and hence deliver better Customer experience to a variety of customers across rural and urban areas. This has helped companies establish a better connection with a larger customer base and gives customers the flexibility to connect from anywhere, anytime and across any device/platform. Beyond connecting with customers, companies are also using collaboration platforms in a variety of ways to enable new ways of working, learning, service delivery, hosting events and empowering a hybrid workforce. In the post-pandemic world, collaboration and conferencing tools like Microsoft Teams, Slack, Zoom, etc. have replaced desk chatter, watercooler conversations and even email. As we approach the end of 2021, organizations across the globe have understood the importance of the hybrid work space and are preparing their teams for this new normal. As a semblance of normalcy resumed during the latter half of the year, we saw organizations adopt a mix of remote, hybrid and physical setups in different mixes as were best suited to their objectives.
Virtual Care and Telehealth are here to stay and the past couple of years have really highlighted the importance of virtual healthcare. Telehealth and video communications have made value-based care more accessible, convenient, and affordable. Various innovations and improvements have improved patient experience to a great extent. Providers today can consult with global experts and continue their medical education with virtual training, certification programs, and conferences. Most of the workers are on home networks, potentially using personal devices, or interacting — unwittingly or not — through unauthorized communicaBy VARINDIA | 24 views
Buy Now Pay Later modules seems potential risk
#ITDept #Chinesemobilefirms #Amazon
Potential risks of ‘Buy Now Pay Later’
New research by financial advice service OpenMoney finds almost 57% of adults aged 18 to 50 have now used buy now, pay later schemes, up from 49% last year. The largest rise in usage has been among 45 to 50-year-olds, where 16% growth in the last year makes it the age group most likely to choose the payment method, with 58% having done so compared to 56% of those aged 18 to 24 - contradicting the belief that it is largely a tool for youngsters. The survey, among 2,000 UK adults found that the most frequently bought items using BNPL are laptops, phones and other tech items, followed by clothes and holidays. 41% of respondents said they use it because they can’t afford to pay for an item in one go, double the number who feel it makes financial sense to spread the cost. Among 45 to 50-year-olds, those who use BNPL because they can’t afford an item upfront increased by 20% last year. Concerningly, those struggling to pay off their BNPL debts has also risen, from 38% last year to 43% this year and one in three users have turned to friends and family for help with repayments - an increase of 10% on 2020 figures - while seven percent took out a loan and five percent used a credit card to pay back the money.
Buy now pay later services are a form of payment where consumers make purchases and pay them off over a period of time in several installments, often interest-free. While BNPL is typically interest-free, some providers charge high late payment fees. Hayley Millhouse, managing director of OpenMoney, comments: “While from a budgeting perspective, spreading the cost of expensive items could make financial sense, it is worrying to see that two-fifths of users struggle to pay off the resulting debt, with many turning to friends and family or other forms of borrowing to make repayments.” The UK's Financial Conduct Authority will introduce new rules for buy now, pay lateBy VARINDIA | 21 views
Indian cybersecurity industry valued at $9.85 billion revenue in 2021
#Wearables #Anritsu #CybersecurityIndustry
Growth of Cybersecurity Industry in 2021
India’s cybersecurity services and product industry is poised for revenue of USD 9.85 billion in 2021 and grew at a compound annual growth rate of about 40 percent in the last two years, a report by the Data Security Council of India noted. The key drivers of the Indian cybersecurity industry are adoption of cloud-first strategy; business-led innovation; growing threat landscape and awareness around threats; and global and domestic regulations around compliance and data privacy. North America and Europe continue to be the leading geographies for services and products revenue with combined 58 percent revenue contribution, it added. Asia, Middle East and Africa are the fastest growing geographies. The report further said that the Indian cybersecurity services industry grew from USD 4.3 billion in 2019 to about USD 8.5 billion in 2021. The Indian cybersecurity products grew from USD 740 million in 2019 to reach USD 1.37 billion this year. As the industry is moving towards a platform-based approach to offer holistic solutions and simplify security integration and deployment, there is a huge demand for cybersecurity talent with service companies having a cybersecurity workforce of 2.18 lakh and product companies having about 27,000 workforce in 2021.
Every crisis has a silver lining and for the pandemic, it has been the accelerated adoption of digital solutions across enterprises and government. Decades worth of digital transformation has taken place in the last two years and India’s technology industry has emerged as the preferred digital solutions partner with cybersecurity as a key growth vertical. The Indian cybersecurity industry is constantly expanding its global footprint with a presence in the US, Canada, UK, France, Australia, Singapore, and the UAE. India’s cybersecurity industry was at the forefront supporting the Government and all critical sectors to manBy VARINDIA | 61 views
Worldwide AI manufacturing to reach $9.89 billion by 2027
#Mastercard #GooglePay #cardpayments
AI to be a game-changing technology for the manufacturing industry
The global AI in manufacturing industry size is expected to rise owing to increasing demand for collaborative robots and growing semiconductor industry. According to Fortune Business Insights, its latest report, titled “Artificial Intelligence in Manufacturing Industry Market Size, Share & COVID-19 Impact Analysis, By Offering (Hardware, Software, and Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, and Context Awareness), By Application (Process Control, Production Planning, Predictive Maintenance & Machinery Inspection, Logistics and Inventory Management, Quality Management, and Others), By Industry (Automotive, Medical Devices, Semiconductor & Electronics, Energy & Power, Heavy Metal & Machine Manufacturing, and Others), and Regional Forecast, 2020-2027.”, observes that the market will hit $9.89 Billion by 2027, while exhibiting a promising 24.2% CAGR between 2020 and 2027. This market is expected to witness substantial growth owing to the COVID-19 impact and hence the 2020-2027 CAGR is high/very high, as a large section of industry would look to adopt AI in order to automate the operation with less human intervention. Artificial intelligence (AI) is believed to be a game-changing modern technology for the manufacturing industry. The adoption of AI in manufacturing provides multi-faceted benefits such as accurate and rapid data-driven decisions, minimizing operational costs, optimizing several processes, and improving the overall experience of customer satisfaction.
In addition to this, AI can be easily embedded to the existing products and services offered by the companies to render them reliable, effective, and safe. For instance, in the automotive industry, AI-based technology such as computer vision is used to accurately detect obstructions to prevent road fatalities,By VARINDIA | 21 views
Accelerated digitisation augurs well for the IT services industry says: ICRA
#cybercrimes #AmitShah #Samsung
Domestic IT services companies are having a good run
Growth momentum for the industry is likely to sustain over the near term, this has been supported by uptick in all key verticals such as BFSI, telecom, manufacturing, retail and distribution. Domestic IT services companies are having a good run and their revenue growth is expected to be around 9-12% in FY2022, driven by accelerated and robust demand for digital technologies from enterprises globally; and partly on a low base of last year due to Covid-19 impact. Industry growth though, is expected to moderate marginally to 6-9% in FY2023 partly also on account of the base effect. Carrying forward the momentum from recent quarters, ICRA’s sample of 13 IT companies recorded revenue growth of 17.6% in INR terms and 17.3% in US$ terms in Q2 FY2022.The INR appreciated by ~1.0% vis a vis Euro on a Y-o-Y basis which moderated INR growth to some extent during the quarter. However, with normalization in operational overheads as work-from-office has resumed partially and some pricing pressure on commoditised services, operating margins have seen some moderation in H1 FY2022. Notwithstanding the same, margins are expected to remain healthy between 22-24% over the medium term.
A spokesperson of ICRA says, “In line with the growth trajectory witnessed over recent quarters, Indian IT services companies are expected to report healthy growth over the near term due to favorable factors. This growth has been supported by uptick in all key verticals such as BFSI, telecom, manufacturing, retail and distribution. However, concerns have emanated from elevated attrition levels for the industry due to strong demand for digital technologies and lack of adequate skilled manpower to service the same. Companies are reskilling employees to overcome this challenge. Moreover, they have also been able to achieve higher employee productivity through increased deployment of technology. HBy VARINDIA | 21 views
Emerging technologies to complement the Digital Transformation
Digital Transformation is being built on hybrid cloud architectures as organizations increasingly depend upon distributed IT resources, including multi-cloud, edge, and cloud-adjacent storage. Each of these is location-sensitive and will perform best in low-latency and secure environments. Developing an agile, resilient, and distributed approach requires mastering connectivity and having enough network bandwidth. According to Deloitte, virtually all (97%) IT managers are planning to take a best-of-breed approach by distributing workloads across two or more clouds to boost resilience and support regulatory requirements. IDC predicts that by 2022, the economy will remain on its digital destiny with 65% of global GDP digitized, driven by that expected $6.8 trillion of direct Digital Transformation investments for 2020–2023. Products, services, and experiences that are improved through digitally enhanced features and functions are much more desirable to markets and consumers. By 2023, direct digital technology investments are expected to be over 53% of all ICT investments. In contrast, nondigital ICT technology investments are contracting by 1.4% over this same period as more and more companies accelerate their digital transformation capability build outs. Given the country’s rich network connectivity, cost advantage, availability of skilled labour, low climate risk and strong data protection laws, India is well-positioned to serve as a regional Data Centre hub in Asia and likely to attract significant Data Centre investments. We expect demand for Data Centre space requirement to increase by around 15- 18 million sq. ft. across the major cities in the next 4-5 years.
New business models are likely to emerge, including colocation services, pay-per-use utility models, built to suit, etc. Location and design, easy scalability, security, infrastructure, sustainable practices and reliable partner are the key determinants for Data Centre demand. In India, a captive DBy VARINDIA | 16 views
2022 to witness newer trends in the data center operations
Today, data centers experience dramatically varying demands for computing power. The answer to that challenge is ultra-scalable technology that allows them to scale up or down depending on the amount of processing power required. With Dubbed hyper-scale data centers, these facilities offer outstanding capabilities to handle seasonal computing demands. Organizations started adopting the work-from-home culture putting more pressure on the already stressed data center market. With this the demand for the Edge data centers or edge interconnection will be more prevalent as edge locations are experiencing high consumption and creation of data at an increasing rate leading to decentralized computing. As 5G is coming into the picture, enterprises can leverage their IT environments that are close to the 5G access points. 5G will become wireless and it will be a major part of business’ infrastructural development. 5G will provide wider coverage, greater reliability, higher bandwidth, and improved security as an access network. This will open up new opportunities and possibilities for robotics, drones, autonomous vehicles, telemedicine, and tactile internet, among others. Traditional DC installation necessitates several expenditures ranging from networking to server gear. These components need to be replaced or updated with time as with technological advancements old components become obsolete.
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Companies around the world are expanding their AI capabilities
#Indianforces #RajnathSingh #JoeBiden
AI is at the heart of Digital Disruption
As companies around the world expand their use of A.I.- more than half of companies have accelerated their A.I. adoption plans-they are taking a careful look at ethics and responsible innovations. The global spending on A.I. systems is only expected to increase from $85.3 billion in 2021 to over $204 billion in 2025, according to market research firm IDC. It’s a great time to raise capital if your startup is building with — or on top of — artificial intelligence, regardless of how far along you are towards an exit. While many startup niches have seen their funding tallies rise in 2021, AI startups appear to be enjoying strong gains across younger and older cohorts, implying a broad base of customer demand. From Google and Amazon to Apple and Microsoft, every major tech company is dedicating resources to breakthroughs in artificial intelligence. Personal assistants like Siri and Alexa have made AI a part of our daily lives. Meanwhile, revolutionary breakthroughs like self-driving cars may not be the norm, but are certainly within reach. AI is at the heart of digital disruption and on its way to becoming one of the biggest game-changers in the next few years. Early adopters of AI are reaping significant benefits and have differentiated themselves from the rest.
The AI market is booming as governments are investing in technology to drive efficiency and cost savings in the post-pandemic era. Healthcare AI companies attracted the maximum annual investment, followed by the FinTech and retail sectors. There are 78 AI Companies around the world that are Unicorns today. At the same time, investors are betting on AI tech across the country. Startups in 46 US states plus Data Centers are applying artificial intelligence tech across industries like marketing, healthcare, retail, and more. The artificial intelligence sector is shattering funding records this year. A number oBy VARINDIA | 34 views
The Mystery behind the Spyware company NSO
#CCI #Amazon #FutureCoupons
The NSO Group
NSO Group Technologies (NSO standing for Niv, Shalev and Omri, the names of the company's founders) is an Israeli technology firm primarily known for its proprietary spyware Pegasus, which is capable of remote zero-click surveillance of smartphones. It was founded in 2010 by Niv Karmi, Omri Lavie, and Shalev Hulio. It employed almost 500 people as of 2017, and is based in Herzliya, near Tel Aviv, Israel. NSO Group has several subsidiaries by the name of Q Cyber Technologies group of companies. It is positioned as a global leader in the world of cyber-intelligence, data acquisition, and analysis. Q Cyber Technologies is the name the NSO Group uses in Israel, OSY Technologies in Luxembourg-based subsidiary of NSO Group in North America, holder of intellectual properties and it has a subsidiary formerly known as Westbridge. It has operated through several companies around the world to expand its presence. The Pegasus spyware is classified as a weapon by Israel and any export of the technology must be approved by the government. With the help of the subsidiaries the company has made its footstep strong across the globe and it has been proved that the NSO iPhone malware builds a computer inside the memory of an iPhone to steal data, allowing attackers to snoop and steal data. The software is capable of stealing sensitive data and sitting undetected for months or even years, researchers at Google have revealed. Hence, industry says that any country possessing the software has come with the consent of the respective governments.
Pegasus allows a user to read data from smartphones and spy via their microphones and cameras. The spyware was used to attack a small number of Apple users worldwide with dangerous malware and spyware and it is one of the most powerful and concerning to date, according to security experts. Apple filed a lawsuit against NSO Group and its parent company to hold it accountable fBy VARINDIA | 12 views
Bugs in billions of WiFi leads to password and data theft
#US #Google #Meta
Security Vulnerabilities in WiFi chips
Researchers from Darmstadt University of Brescia, CNIT, and the Secure Mobile Networking Lab, have discovered security vulnerabilities in WiFi chips that can be exploited to extract passwords and manipulate traffic on a WiFi chip by targeting a device’s Bluetooth component. Modern consumer devices such as smartphones or tablets have single-chip systems (SoCs) with separate Bluetooth, Wi-Fi and LTE modules, each with their own security implementation. Most often, however, these components share the same resources, such as the antenna or the frequency spectrum. Due to this, the developers manage to make the SoC more energy efficient. In addition, throughput is increased and data transmission delays are reduced. The researchers said that the shared resources of wireless modules can be in use by attackers as bridges to launch privilege escalation attacks. After carrying out such an attack, an attacker can remotely execute code on the target device; as well as read data from memory and affect its performance.
The researchers have detailed in a recently published paper that it is possible to use these shared resources as bridges for launching lateral privilege escalation attacks across wireless chip boundaries. Researchers have worked with a variety of wireless adapters from Broadcom, Cypress and Silicon Labs; that are in use in billions of electronic devices around the world. All vulnerabilities found are reported to the vendors, and some of them release appropriate security fixes whenever possible. However, not everyone does this, since in some cases the support period for devices has already ended; or it is simply impossible to fix the problem with software patches. The implications of these attacks include code execution, memory readout, and denial of service. While the code execution vulnerability is rooted in architectural issues of specific chips and uncovering required reverse-engiBy VARINDIA | 22 views
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Jummah की नमाज को लेकर Kashi में Police Alert, चप्पे- चप्पे पर Force तैनातBy LNV India | 188 views
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महिलाओं ने Mehandi और Make Up के साथ पूरी की आज के दिन की तैयारी | karwa chauth 2023 puja timeBy PunjabKesari TV | 167 views
GAIL bringing INDIA together
GAIL India increasing it's capacity and serving all over INDIA.
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Press Conference by Union Minister of Jal Shakti Shri Gajendra Singh Shekhawat at BJP HQ.
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Press Conference by Union Minister of Jal Shakti Shri Gajendra Singh Shekhawat at BJP HQ.By Bharatiya Janata Party Delhi | 73953 views
Robotic Process Automation is transforming businesses across the world
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Bhumi Pednekar on reaction to Thank You For Coming, OMG 2, lack of gender equality, viewer hypocrisy
Bhumi Pednekar recently appeared in the comedy Thank You For Coming and the film invited some extreme reactions from the viewers. While some praised the film for its bold concept, some shamed it for that. In an exclusive conversation with Bollywood Bubble host Akash Bhatnagar, Bhumi spoke about the latter group of people and slammed them for the shaming. She expressed her disappointment towards people who didn’t criticise the film but its intent. The actress discussed the prevalent gender bias and how people never took offence when she was a part of such stories told from a male perspective. She pointed out how Pankaj Tripathi and Akshay Kumar starrer OMG 2 was supported by the same people who shamed her film, when somewhere they dealt with the same subject. Bhumi revealed if not getting any support from women within the industry disappointed her. She highlighted the hypocrisy of the situation that people accept objectification of women but have a problem with them talking about their sexuality. You can watch the entire conversation here.
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Bhumi Pednekar on reaction to Thank You For Coming, OMG 2, lack of gender equality, viewer hypocrisyBy Bollywood Bubble | 466 views
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My interview with Jan Man India
Here is my interview with Shri Sudhir Raval on Jan Man India Channel.
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