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Malicious Links sent via. Emails.
Criminals are using a simple tactic to send malicious links, and it's working. They are embedding malicious links in images in emails. When the recipient opens the email, the image loads and the malicious link gets activated. It is a straightforward tactics to try and direct victims to phishing links - but the bad news is that it appears to be working. This can lead to malware infection, data theft, or other problems.
Usually, hackers would draft elaborate email trying to convince the victims to click on a link found at the bottom of the message. These emails would either tell the recipients they urgently needed to download an antivirus or cancel a pending transaction that will leave them broken, or something similar.
Today's Headline in NewsHours
0:00 Intro
2:54 Google will monitor employee badges to ensure work from office
3:25 #Samsung India unveils the largest Premium Experience Store in Hyderabad
4:00 Accenture to invest $3 billion in AI
4:31 #PhonePe launches payment gateway, targets MSME merchants
5:57 #YouTube content creators now need only 500 subscribers to earn money
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#varindia #news #newshour #technews #MaliciousLinks #EmailScams #CyberAttacks #EmailSecurity #PhishingLinks #CyberThreats #MalwareProtection #EmailFraud #VirusProtection #CyberSafety #SpamEmails #OnlineSecurity #EmailPhishing #MalwareAttacks #PhishingScams #EmailSpoofing #CyberAwareness #EmailSafety #MalwareVictim #CyberCrime
Malicious Links senBy VARINDIA| 30 views
Concerns on increasing cloud cost
Where the rules are broken. Such an attitude often gives rise to 'shadow IT,' which is the use of infrastructure, services and applications outside the boundaries of an organization's corporate IT policies. Shadow IT, that targets cloud-based technology creates what is known as a 'shadow cloud.
Many CIOs in the mid to latter phases of their cloud migrations are increasingly trapped in a vexing quagmire — handing their CFOs massive monthly cloud bills with no ROI to show for it.
Every cloud provider offers discounts and built-in free optimization tools, but the fact is not everyone uses them. Only 36% of #AWS users take advantage of reserved instances, and 31% use saving plans, according to the Flexera State of the Cloud report. Those numbers are down from 52% and 44% last year, respectively.
Accenture, for instance, maintains that many of its clients in the 30% and 50% phase of their cloud migrations are absorbing exorbitant cloud costs when expected business outcomes have yet to materialize.
We have seen the cloud companies have massively increased the manpower to sell the cloud solutions by addressing certain fear factors. A report says, many CIOs have adopted the cloud model with a fear of how their jobs will be affected.
IT professionals may even want to prepare themselves to convert their enterprise IT infrastructures into private and/or hybrid clouds, and to take on the role of provisioning cloud services for end users and business partners.
#Cloudplatform salespeople were incentivized to sell as many cloud access licenses and cloud usage cycles as possible during the business downturn to enterprise buyers who were tempted by discounts and may have overcommitted for monthly cloud services that would not generate proportional ROI in an acceptable time frame.
Companies with a mature approach to cloud learned to control their spending, deploying strategies like guardrails on who cBy VARINDIA| 9 views
Consumers Interest in “Virtual Living” is Intensifying says Accenture
The growing use of immersive technologies such as augmented and virtual reality will spur consumer-facing companies, such as those in retail, consumer goods and travel, to increase investment in new capabilities and experiences to blend physical and virtual worlds, or risk being left behind, according to the findings of a recent global survey from Accenture. The survey of more than 11,000 consumers in 16 countries including India found that while almost two-thirds (64%) of consumers had already purchased a virtual good or taken part in a virtual experience or service in the past year, that figure is expected to rise, as 83% show interest in making purchases via the metaverse. Furthermore, 42% of survey respondents said they had visited a retailer in the virtual world to get advice, make a payment or browse a product range when shopping for a physical item, while 56% of respondents plan to in the next year. Among millennials, these figures increase to 51% and 61% respectively. As per the survey, “Meet Me in the Metaverse: The Continuum of Technology and Experience Reshaping Business,” more than half (55%) of consumers agree that more of their lives and livelihoods are moving into digital spaces. In response, the vast majority (90%) of retail executives say that they anticipate that leading organizations will push the boundaries of the virtual world to make it more real, increasing the need for persistence and seamless navigation between the digital and physical worlds. Further, 72% of global executives state that the metaverse will have a positive impact on their organizations, with 45% believing it will be breakthrough or transformational.
As consumers explore the virt-real world, companies that do not actively begin incorporating new immersive experiences into their business strategy now run the risk of being left behind. By embracing the Metaverse, businesses have the opportunity to reinvent consumer experiences and also transform the way in which productBy VARINDIA| 10 views
Cryptocurrency is going to change the perception in the country
#IBM #MainframeModernizationInitiative #PhonePe
Cryptocurrency volume & value will increase in the future
The cryptocurrency market in India, presently, stands at $15 billion, and the volume and value will only increase in the future. Anticipating a dramatic rise in crypto investments in the country, stakeholders in the industry began voicing their support for a robust, accessible, and clear framework on the regulation of cryptocurrency in the country. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, to be introduced in the Lok Sabha soon, aims to prohibit all private cryptocurrencies in India while seeking to create a facilitative framework for adopting a central bank digital currency (CBDC). The Bill is likely to classify mining, generating, holding, selling, or dealing in private digital currencies as a cognisable offense. Prime Minister Narendra Modi said that emerging technologies such as cryptocurrencies should be used to empower democracy, not undermine it. Reports suggest that the government may introduce stringent regulations in line with the 2021 Financial Action Task Force (FATF) guidance for cryptocurrencies held as assets by imposing investment ceilings, stringent disclosure norms, and levying taxes on gains earned from such assets. In less than 10 years, Bitcoin has increased over 227,000% in value. When it first launched, a 22-dollar investment would now be a million dollars today. That's how people have become billionaires through Bitcoin!
In November 2021, the global cryptocurrency market, constituting more than 6,000 cryptocurrencies, touched a market capitalization of $3 trillion. There has been a sudden flurry of cryptocurrency trading platforms in India over the past year. Latest industry estimates suggest that cryptocurrencies holdings of nearly 20 million investors amount to approximately ₹400 billion in India, suggesting that the country is emerging as the new frontier for the numeBy VARINDIA| 12 views
Data Centers and Virtualization of servers going for Green Cloud Computing
#Cabinet #DRDO #DroneSwarm
Green Cloud Computing Technology
Each person has a moral right to a healthy and sustainable environment. Sustainability is long-lasting welfare in terms of economy and environment. Green cloud technology entails designing, producing, and using the digital space to reduce the Technology’s impact on the environment. Green Cloud Computing (GCC) offers a great tool that addresses and fulfills these goals. Green Cloud Computing has made virtualized servers and workers save energy. Organizations have resorted to using the GCC methodology, thus lessening the expenses of business activities. GCC technology has also allowed users to utilize the cloud space for storage purposes while decreasing its adverse effects. Therefore, minimizing the use of hazardous material has promoted the recyclability of factory waste products and maximized energy efficiency during a lifetime. The ultimate goal of GCC is to reduce the power consumption of large data centers. Average computer users also have the capability of implementing green practices during their data usage, such as: turning off their computers, recycling electronic waste products, refurbishing electronic devices instead of purchasing new ones, and using sleep mode while away from their computers. Green cloud computing has become an impressive solution that has aided in addressing matters of storage, processing of high-volume data at a lower cost, high speed, on-demand, and pay per use, etc.
Data centers are the main components of cloud computing. Its design is usually based on the network of computing and storage resources that enable the delivery of shared applications and data. There are three types of data centers; software as a service, infrastructure as a service, and platform as a service. Energy consumption and environmental effects from data centers are significant challenges to cloud computing. With a rapid increase in social applications aBy VARINDIA| 11 views
Banks and Fintech to compete and collaborate
#Google #Banks #IndianIndustries
Partnerships between Banks and fintech firms
It is time for fintech and established financial institutions to work hand-in-hand and Banks should not feel threatened by fintech companies. You cannot expect people to switch away from the banks they have trusted for generations to something completely new. There will be partnerships between banks and fintech firms, but there will also be areas where they will be direct competitors. Fintechs have niche kinds of products...clearly banks can't do it all. Apart from fintech, there is a new trend of pure digital banks. Fintech has long been considered to be the future of financial institutions and banking, this is why it’s not a surprise that the top 50 Fintech companies in Europe have collectively raised over $16 billion in venture capital funding and are now valued at about $92 billion. Having said this, traditional banks too, have been evolving rapidly, in the way they function, owing to newer technologies such as Machine Learning, AI, analytics, etc. Additionally, Fintech start-up accelerator programmes too are gaining success, some of which are managed by global banks such as JP Morgan, ING, etc.
It is important for banks and fintech firms to join hands to marry the data and signals that the latter brings with the balance sheets that the former has to make financial services available to the masses. The expertise, fintechs bring to the table, in terms of technology and the domain knowledge banks have, can be used in a collaborative manner to reach the last mile. An expert said, what we need our banks and bankers to do is to partner more deeply with platforms such as ourselves in order to marry the data, signals that we can bring with the balance sheets that they have. Banks, fintechs, payment platforms -- all of these coming together is what will result in game changing moves that we want to see in the industry and which will benefiBy VARINDIA| 17 views
Chatbots to Drive 50% of Consumer Spending by 2025
#Chatbots #Accenture #AppsPro
Chatbots will Drive 50% of Consumer Spending
Chatbots on popular social media platforms are driving the business online. In Asia Pacific, spending via conversational commerce could reach $290 billion within four years. Personalization and emotional engagement allied to total convenience comprise the next frontier of customer experience (CX). Companies that give customers an emotional connection outperform their competitors by 85% , while 80% of customers say they are more likely to do business with a company if it offers personalized experiences. Conversational commerce, or C-commerce, is the fast-growing engagement tool that can deliver what today's consumers want. Going forward, Chatbots will Drive 50% of Consumer Spending by 2025. As per Juniper research, conversational commerce channels are going to facilitate spending of over $290 Billion Globally by 2025, up from $41 billion this year 2021. Recently, Walmart also just announced the acquisition of conversational commerce tech, underlying the importance for brands to create more ways to serve customers. This represents a rise of 590% over the next four years. It predicts that communications platforms that provide the connection between brands and end users will be crucial in increasing the adoption of conversational commerce channels.
This enables the retailers to expand their reach, whilst allowing a fallback on more established commerce channels. Conversational commerce leverages AI to automate retail transactions and payments through channels including chatbots, messaging and digital voice assistants. The pandemic shuttered many brick-and-mortar businesses and reframed consumer preferences, retailers adapting to conversational messaging trends to meet their customers where they are. Customer expectations today are outpacing the traditional contact center model, with increasing demand for always-on, personalized experiences at scale. As pBy VARINDIA| 15 views
Most Indian firms to increase cybersecurity budget in 2022, says PwC
A majority of Indian organisations (80 per cent) are likely to increase their cybersecurity budget in 2022. As per the PwC's 2022 Digital Trust Insights Survey, the risk landscape is continuously evolving and organisations are investing more than ever in cybersecurity to manage their risks. As the business environment becomes more complex due to the interconnectedness of systems and information, the impact of a risk event is not limited, rather it has a domino effect with high consequences. Organisations are therefore gearing up to implement robust cybersecurity practices and controls to manage these risks. Moreover, 41 per cent of organisations in India predict double-digit growth in their cyber budgets in 2022, as against 26 per cent organisations globally," the survey said. The 2022 Global Digital Trust Insights is a survey of 3,602 business, technology, and security executives (CEOs, corporate directors, CFOs, CISOs, CIOs, and C-Suite officers) based in various regions. The India edition of the global survey report focuses on the responses of the executives of 109 Indian businesses.
The survey further said organisations have invested in a multitude of cybersecurity tools and technologies to manage their cyber risks. However, these technologies are not utilised to their maximum potential for making intelligent and informed cyber risk management decisions, it added. It also showed that four out of 10 organisations have either initiated the implementation or are planning to invest in cybersecurity by focusing on areas such as customer identity and access management, zero trust architecture, managed security services, cloud security and endpoint security. As per the survey, to date, only 25% of respondents in India have realised the benefits of their cyber investments. Experts revels that, with rising digitisation, businesses have been compelled to rethink and reconfigure their cybersecurity objectives, which have become more complex.By VARINDIA| 19 views
Jobs offerings mentioned as ‘hybrid work’ jumps 464% in Q3 2021, says GlobalData
There has been a huge spike in the number of job postings mentioning both ‘remote work’ and ‘hybrid work’, according to GlobalData. The report highlights that jobs featuring the key word ‘remote work’ saw highs with listings increase by 23% in Q3 2021 compared to Q2 2021, while ‘hybrid work’ saw a 464% increase in Q3 2021, compared to the previous quarter. Remote and hybrid working models are the future of work as job seekers look for flexibility. These models are also beneficial to companies, removing spatial boundaries in terms of finding talent and potentially increasing the number of job applicants. Further, flexible working could be useful in countries where the impending threat of another wave of COVID-19 cannot be ruled out. “Experts say, compared to jobs related to ‘remote work’, ‘hybrid work’ was the star of the show in Q3 2021. This model has grown exponentially - particularly since June 2021.
Hiring within the ‘future of work’ theme is also seeing an increase. Over 43,000 job postings in Q3 2021 were related to this theme, with more companies adopting technology and changing workflow. The hybrid work model is largely being used in the healthcare, financial, consumer, and tech sectors – according to job advertisements. Among the companies that are listing jobs with hybrid work are The New York Times, Harvard University Disability Resources (UDR), and Cisco Systems. With a new style of working naturally comes the development of tech to help smoothen the transition. For example, Microsoft is hiring a ‘Senior Director’ for Microsoft Teams to build collaborative applications. Further, KPMG International Cooperative is leveraging the latest Microsoft cloud features to enhance hybrid work experiences, as suggested by its advertised role: ‘Director Modern Workplace Product Management - FY22’.
Today's Headline in NewsHours
0:00 Intro
2:22 #Pegasus Spyware "Can Only Be Sold To Governments", Says Israel's EnvoyBy VARINDIA| 13 views
Indian E-commerce market is on its growth path
#Qualcomm #Piramal #DHFL
India’s online market recovered quickly after the nationwide lockdown and also witnessed a successful festive sales period ever. The competition in the online business in India is furious. The market is loaded up with numerous nearby and unfamiliar organizations attempting to hold the most extreme portion of the overall industry. Expanding development in the e-commerce-based business industry is credited for various reasons. Digitizing the economy and giving cheap internet to individuals are a couple of numerous reasons that supported the development of digital sales in India. The E-commerce retailers however thought that the initial few weeks of the lockdown were testing for e-commerce players but, they were eventually able to emerge as winners.
Customers during this pandemic enjoyed a personalized experience and highly eliminated the hassles of visiting various shops, reducing the possibilities of contracting the disease. Where mobility and supply chain witnessed irregularities, e-commerce emerged as an ideal solution providing delivery services without compromising social distancing practice. With the recent development in E-Commerce rules, mixed signals can be interpreted. The policies ask the sellers to mention the country of origin on their products. This is an initiative boosting the Make-In India campaign as buyers will be getting an informed choice. However, a new set of policies may witness an outage from foreign investors but nothing much could be done. India is too big a market to be ignored. Yet, time and again the policies will take shape and prove to be smooth further ahead. The recently proposed rules appear more to do with platforms than buyers and are probably going to discourage inefficient players. Going forward, Indian E-commerce is emerging as a demand along with the population and likewise will contribute to the country’s revenue model also.
Today's Headline in NewsHours
0:00 Intro<By VARINDIA| 12 views
Newer technologies bring new risks, A threat to Encryption
#ChiefMinister #NTTGlobaldatacentre #Amazon
Digital technologies are ushering a new era and driving transformative changes in every industry, as organizations adopt these technologies to redefine how they create, deliver, and capture value. Identifying, understanding, and addressing new risks associated with digital transformation will help businesses derive more value from their efforts in the future. Many organizations have been quick to not only update their technology infrastructures but also transform their operating models, customer engagement models, and even fundamental business models. Organizations understand that digital transformation can capture new growth opportunities while heading off the threat of disruption. Quantum computers have limitless potentials.
There is no doubt that one day quantum computers will find a cure for cancer or help in eliminating world hunger. But along with this, they could also help hackers get access to our most private data by breaking encryption. While quantum computing is beneficial, quantum hacking is dangerous. Quantum hacking is the biggest threat to encryption. With digital transformation, everything is now digital, even data, and all our digital data like emails, chats, online purchases, etc are encrypted which makes it unreadable without a decryption key. This prevents our data in the cloud and our computers from being tampered with. AES (Advanced Encryption Standard) is the most commonly used method for encrypting all this data. With today’s classical computers it is impossible to break AES encryption, but through quantum computers, it is possible to decrypt the encrypted data.
Today's Headline in NewsHours
0:00 Intro
1:59 #ChiefMinister of Tamilnadu inaugurates #NTTGlobaldatacentre project
2:45 #Amazon ’s Project #Santos to bring point-of-sale solution for SMBs
3:23 A Pune based #startup has come up with a device to prevent cyber-attacks
4:06 #AccentBy VARINDIA| 45 views
Now various Governments are eyeing on data privacy
#dataprivacy #PayPal #Paidy
Various Governments eyeing on data privacy
From sensors to supercomputers, the convergence of 5G, IoT, and AI is driving multiple industries to transform. We see this transformation in retail, automotive, factories, homes, and our cities. At the same time, cyber threats are getting more sophisticated and intense amid the increasing levels of remote work and dependence on digital devices. Organizations across all industries are facing devastating threats to their day-to-day operations from opportunistic cyber criminals and nation-state actors. They have mastered ransomware deployment and evolved their tactics to multifaceted extortion—some resulting in million-dollar payouts, damaged reputation, and ongoing loss of operational capacity. To prevail against these threat actors, security teams must understand attacker motivations and behaviors and discover how to further improve detection, prevention, and response capabilities. According to Verizon, web applications were involved in 43% of the breaches and as much as 80% of organizations experienced a cybersecurity breach originating from a vulnerability in their third party software.
As data becomes an increasingly powerful currency, governments around the globe are taking steps to regulate how that data is collected, used and stored. As per Forrester Research , the uptick in data privacy regulations has only encouraged CIOs to double down on baking privacy and security into their overall IT strategies. China recently enacted a new personal data privacy law taking effect Nov. 1 that will require CIOs operating in that market to ensure their IT strategies meet the new requirements. A lot more attention is being paid to cybersecurity because of the various breaches that have happened over the last few years. There's much more boardroom pressure to make sure all those angles are covered. There are five prominent sectors identified as most vulnerable and they areBy VARINDIA| 19 views
India world's 3rd largest unicorn ecosystem with 51 unicorn startups
#Cybercrime #ChineseHackers #SolarWinds
India - world's 3rd largest unicorn
Number of Unicorns in the USA and China is at 396 and 277 respectively while India follows at number three with 51 unicorns. UK is number 4 position with 32 unicorns and Germany at 5th spot with 18. The Hurun Research Institute released the report ,Hurun India Future Unicorn List 2021, and ranked of India’s start-ups founded in the 2000s, worth at least $200mn, not yet listed on a public exchange and most likely to ‘go unicorn’ within 2 years (Gazelles) or 4 years (Cheetahs). India is the third-largest unicorn ecosystem in the world with 51 startups that are valued at $1 billion or above. The USA is the world's largest unicorn ecosystem with 396 unicorns, followed by China with 277 unicorns. Over the last year, India added three unicorns every month on an average, Hurun said. India’s future unicorns are worth $36 billion, which is equivalent to one-third of Delhi’s GDP at current prices.
With 18 startups on the list, fintech contributed the most number of companies, followed by e-commerce (17), SaaS (7), shared economy (6), gaming, artificial intelligence, logistics and healthtech with 4 companies each, and 3 each for media and entertainment, edtech and consumer goods. When it comes to cities, Bengaluru contributed the most number of companies at 31, followed by Mumbai 13, Gurugram 12, Delhi 5 and Noida 5. Zilingo, Mamaearth, MobiKwik, Ecom Express, Acko General Insurance are the top-most companies on the Hurun unicorn list that are run by women. Sequoia has invested in the most number of companies on the list at 37, including Zilingo, Mobile Premier League, Rebel Foods, Mamaearth, followed by Tiger Global Management at 18, including GreyOrange, Vedantu, Apna. InnoVen Capital has invested in 17 companies, Accel in 13 companies and Trifecta Capital Advisors in 12 companies. The year 2021 also registered start-up IPOs and IPOs present exit opporBy VARINDIA| 29 views
Ransomware can attack any organization, despite of the sizes
#Ransomware #Accenture #DanAshton
Ransomware can attack any organization
Ransomware is a cyber-attack on your system where hackers gain access—usually through an infected email or website—then lock your systems down and demand a ransom. And it’s big business. In fact, according to Statista, 308 million ransomware attacks occurred globally in 2020, and the percentage of global businesses victimized by ransomware has risen to 68.5%. A report warns that small and medium-sized businesses (SMBs) are at particular risk based on the attack trends seen during the first six months of the year. During the first half of 2021, 4 out of 5 organizations experienced a cybersecurity breach originating from a vulnerability in their third-party vendor ecosystem. While the increase in attacks affects organizations of all sizes, something that’s under-reported in the coverage of current cyberthreat trends is the impact on the small business community.
Unlike larger corporations, small and medium-sized companies don’t have the money, resources, or staffing expertise needed to counter today’s threats. That’s why they turn to IT service providers – but if those service providers are compromised, those SMBs are at the mercy of the attackers. As seen in the SolarWinds breach last year and the Kaseya VSA attack earlier in 2021, one successful attack means they can breach hundreds or thousands of SMBs downstream. However, when we see the recent attack on the large enterprises, specially into healthcare ,Supply chain and BFSI are facing regular cyber breach, where they don’t have the issue of investments. A report says, Data exfiltration continues to increase. In 2020, more than 1,300 victims of ransomware had their data publicly leaked following an attack, as cybercriminals look to maximize the financial gain from successful incidents. During the first half of 2021, more than 1,100 data leaks have already been published – which projects a 70%By VARINDIA| 20 views
India has seen tremendous technological innovations throughout the years
#Reddit #Brookfield #ITMinistry
Technology - crucial part of our daily lives
Technology has not only fostered innovation in our country but has also enabled the citizens to aspire for financial and digital freedom. Technological developments have led to revolutionary inclusive innovations such as blockchain, with digital assets like Bitcoin and Ether, taking the Indian youth by storm. They offer millennials and zillennials, who are now dabbling in alternative investment options a chance to attain financial freedom. Bitcoin is built on blockchain and provides unprecedented freedom that accompanies decentralisation. It places the power in the hands of the investors and eliminates barriers around transfers and mobility. Bitcoin and Ether are the biggest and oldest cryptocurrencies backed by sound technologies, and long-term disciplined investment in them can bring great returns and further the agenda of economic independence.
Technology especially became a crucial part of our daily lives in the socially distanced world. Industries all over adopted digitisation at record speeds to cater to the changing consumer needs and to stay relevant. The recently launched e-RUPI, while not built on blockchain, is a type of digital currency that shares some basic principles with blockchain of eliminating the middlemen to ensure the benefits, reach the beneficiaries seamlessly, digitally and without any leaks, leading to greater financial freedom that, empowers beneficiaries with leak-proof, digital, cashless and streamlined access to benefits without the need for middlemen. Financial inclusion will foster equitable financial freedom for the vulnerable and marginalised sections of the society, especially women, and are great enablers for balanced growth of the country.
Today's Headline in NewsHours
0:00 Intro
2:03 #Reddit is valued at more than $10 billion after fresh funding
2:38 #Brookfield invests Rs 600 cr to build data centreBy VARINDIA| 24 views
India fintech investments were up 25% for the first half this year
#Generalinsurance #ransomware #NarayanaMurthy
India’s fintech market valued at $31 billion
India’s fintech market is now valued at $31 billion rated the world’s fastest growing – 67% of the more than 2,100 fintech entities in operation have been set up in the last five years. Bengaluru and Mumbai are where most fintech companies have their India headquartered – as they are the country’s technology and financial hubs. With this rate of investment it is projected to grow to $84 billion by 2025. Growth equity momentum surged, with $15 billion in investments in H1 2021, 50% higher than the whole of 2020 and three times the deal value in the first half of 2020. Exit momentum also spiked in H1 2021, with a total exit value of $12 billion, four times that of the year-ago period. Despite a severe second wave earlier this year, 2021 has turned the corner, with unprecedented stock market gains on the back of strong recovery forecasts, robust foreign institutional investor inflows, and Covid-19 vaccine approval and administration.
The sectors of consumer technology, IT/SaaS, BFSI, and healthcare dominated the first half of 2021, contributing to 80% of the total investments. Secondly, outright buyouts continued to decline, especially as investment focus shifts heavily to consumer technology and SaaS, where minority investments are the norm. Within consumer technology investments, vertical e-commerce, edtech, fintech, and foodtech attracted the largest investments, driven by a continued investor interest in at-home services. Investments in IT/SaaS also grew 375% year-on-year in the first half of 2021, as Covid-19 accelerated the need for digitisation and cloud adoption across firms. Within BFSI, investor interest in insurance spiked, driven by a changed risk perception across individuals and businesses due to Covid-19. The healthcare sector has seen tremendous growth in the first half of 2021, with a year-over-year investment uptick of aboBy VARINDIA| 17 views
The IoT industry is expected to touch $1 Trillion in next three years
#Bharatpe #IoTIndustry #cyberattacks
IoT Industry to touch $1 Trillion
The global IoT market will grow from worth $622 billion in 2020 to $1.077 trillion by 2024, with a CAGR of 13% over the period, according to GlobalData. The figure comes with the increasing development of wireless networking technologies, rise in cloud platform adoption, miniaturization, and the emergence of advanced data analytics are the factors that are driving the global IoT market. The other factors that are propelling the growth of the market include advancement in data analytics, computing economies, and demand from varied domains including manufacturing, automotive, energy, and others. IoT brings different physical objects to be linked by a common network. The IoT market is split into various major segments such as analytics, security, cloud, mobile technologies, and platforms. integration, automation, and cloud computing are major driving forces behind the IoT market. The issues such as Security and Privacy are restraining the market growth.
Further, the IoT technology also assists in connecting various devices to provide ease in the operation and sharing of data amongst themselves. The IoT market caters to every sector from retail, energy, healthcare, infrastructure, and so on. Smart homes, wearable's, and smart cities are the most effective and high-growth applications in the IoT market. Smart devices connected to the internet enable unified connectivity with people, things, and networks. These seamless network connections create an efficient and customized user experience for both end-users and manufacturers. End-to-end security of IoT is critical for both device and network connection. However, today’s IoT systems lack three critical features: Firstly, unstructured and fragmented security regulations are major roadblocks to broader IoT adoption: be it in consumer or enterprise IoT.
Today's Headline in NewsHours
0:00 IBy VARINDIA| 28 views
Enterprises are increasingly adopting cloud-based solutions
Enterprises adopting cloud-based solutions
The data traffic in the world is experiencing a swift increase due to the spread of internet services and cloud applications and further capacity enlargement of the optical fiber network is required. All around the world, the internet continues to transform how we connect with others, organize the flow of things, and share information. With its growing influence on individual consumers and large economies alike, the internet has become an increasingly vital part of our day-to-day lives. As of January 2021 there were 4.66 billion active internet users worldwide - 59.5% of the global population. Of this total, 5.2 billion mobile phone owners in the world, more than eight in ten use their phones to access the internet. China, India and the United States rank ahead of all other countries in terms of internet users. China has more than 854 million internet users, and India has approximately 560 million online users. Both countries still have large parts of the population that are offline.
As millions of people go online for entertainment and more, total internet hits have surged by between 50% and 70%, according to preliminary statistics. Streaming has also jumped by at least 12%, the estimates show. Growth opportunities abound for tech companies executing on all forms of digital transformation, particularly in the areas of cloud, XaaS, analytics, robotic process automation, AI, cybersecurity, and edge computing. While cloud computing and artificial intelligence continue to dominate the technology industry, edge computing is also making headlines. For many companies, the impetus to move to the cloud is the promise of enhanced flexibility, process optimization, and cost reduction.
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Growing technological disruption develops resilient business models
#technologies #Americans #Aadhaar
Newer technologies offering resilient business models
The business landscape has changed, and it will only continue to do so. In this time of technological disruption, it is an undeniable fact that organisations must gear up towards being equipped with the necessary digital and management skills to adapt and innovate. There are technologies like Artificial intelligence (AI), IoT, Analytics, Blockchain, Machine Learning, Cloud & Edge Computing, and Gamification offers immense opportunities for companies to develop resilient business models in the face of this unceasing change. Business disruptions can impact organizations of any size in any location. From weather, to power outages, political events or even virus outbreaks, every organization needs to develop a business continuity plan to ensure its business operations can continue, no matter the disruption. A critical component of that business plan is to ensure that users remain productive while maintaining the necessary level of security and control over user access to corporate resources.
Disruption is an inescapable challenge for all industries. And when companies face it, they typically make cautious moves. They raise barriers to entry instead of extending themselves outward. They rely on what’s worked for them in the past, in lieu of seeking deep change on the inside. They double down on efficiency, rather than committing to real innovation. Going forward, several fundamental consumer and business trends will converge to shape businesses in the post-pandemic world. For example, companies will face pressure to become more resilient and respond to crises more quickly, which will cause them to adopt automated digital approaches to their processes. Supply chains will be put under the microscope. Employees will have much different expectations of their employers, including assuming that employers can offer flexibility and remote wBy VARINDIA| 13 views
The Pandemic Is Widening the Corporate Productivity Gap
#pandemic #corporate
The pandemic saw many organisations rethink their business models, reimagine new product lines. Many companies adopted bold steps to face the pandemic crisis. Organisations went agile, employees many of whom had never worked a day in their life remotely took to Work from Home. Everything and everyone went digital. New McKinsey Global Institute research finds that there is potential to accelerate annual productivity growth by about 1% in the period of 2024. These are welcome and positive signs since these numbers double the pre-pandemic productivity growth.
The pandemic has witnessed an increased complexity in process, an increased need to connect teams across geographies, an urgent need to break down silos at workplaces. Enabling collaboration is the key to improve employee productivity. The Institute for Corporate Productivity and Professor Rob Cross of Babson College carried out a survey of 1100 companies and found that collaborative work is five times more likely to result in higher performance. A collaborative environment also helps lower costs, reduce timelines, improve productivity and increase return on investment by connecting various teams in complex business and cultural environments to promote common goals, foster shared values and build relationships. The Harvard Business School and New York University data is consistent with what we have observed at many companies: Poor collaboration and inefficient work practices have reduced productive time by 2% to 3% for most organisations.
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The Pandemic IsBy VARINDIA| 7 views
Predictive analytics models are going to be the road ahead
Predictive analytics powered by AI can take the data you already have, and unlock immense value from it. We can’t deny the fact that predictive analytics is a vital resource for companies with big data sets. With this the use of AI and machine learning at companies of all sizes and in various industries — from retail and ecommerce to financial services and insurance — continues to grow steadily. A survey reveals that, more than 50% of marketers said they plan to generate customer insights from predictive solutions in the coming years. 86% of marketing leaders deem predictive analytics critical or very important for their customer engagement efforts.
For instance the healthcare sector is the most critical sector, you want to respect the patient, understand the way operations are happening, how patients are monitored, how things can become more effective for nurses in how they administer treatments, all these kinds of aspects. By knowing all this, your solution - your technology - will be different and more effective. It’s basically a single source of truth, through which you’re getting data from the different critical systems in the data centre and you are bringing them together to really get the key outcome. By having this information available, you can far easier understand a problem, go deeply into it, find its root cause and then solve it faster.
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Predictive analytics models are going to be the road aheadBy VARINDIA| 15 views
Edge computing is gaining popularity in COVID-19
Edge computing was considered a futuristic concept – something that was attractive to talk about but lacked practical world examples. This has ceased to be the truth! Amidst spiraling numbers of COVID-19 cases, organisations are relooking their operational structures, to meet the new challenges that the second wave has brought about. As remote working has once again become a buzzword, paving the way for cloud enabled technologies to shape the new normal. At the same time, the cloud is gaining momentum, and enterprises are frantically looking for ways to optimize their network, storage and agility, edge computing has turned out to be the perfect solution.
Edge computing” is a type of distributed architecture in which data processing occurs close to the source of data, i.e., at the “edge” of the system. With the growing number of IoT devices along with connected automotive and industrial applications; latency, privacy, and bandwidth become critical limiting factors and edge computing solves this by bringing the intelligence closer to the source. Edge computing represents a crucial investment for any smart city in order to really reap the benefits of a next-generation IoT network. Its prime feature comprises closer proximity between data storage and processing which can be leveraged in enhancing the data management and processing for smart cities. Edge computing has emerged as the viable architecture as it supports distributed computing to deploy compute and storage resources closer to the data source.
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Edge computing is gaining popularity in COVID-19By VARINDIA| 28 views
Adoption of Digital Twins to disrupt multiple industries
As per GlobalData there is a significant rise in the adoption of Digital Twins – virtual models of physical objects such as buildings, cars or infrastructure. More industry sectors now recognise that by drawing on complementary tech and resources such as AI, the Internet of Things and ‘big data’, Digital Twins can build new products – and get them right the first time. They can also monitor existing assets, optimize maintenance, and reduce downtime, or check carbon emissions, nearby traffic flow, and even simulate an adverse weather object.
Digital Twins are already revolutionizing industries including construction, energy, architecture, aerospace, automotive and transportation and the value in the new tech is reflected in its predicted growth: Markets & Markets estimates that the Digital Twin market will grow from 3.1 billion dollar in 2020 to 48.2 billion dollar per year by 2026, at an annual CAGR of 58%. A survey says, COVID-19 and efficient integration as the reasons behind increased adoption: "Digital Twin technology has gained a lot of traction in the last few years due to accelerated digitalization across industries. It has become more valuable during the COVID-19 pandemic to help companies navigate the crisis.
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Adoption of Digital Twins to disrupt multiple industriesBy VARINDIA| 57 views
India is going to be the top destination for companies moving out of China
India is going to be the top destination for companies moving out of China
India is going to be the top destination for companies moving out of ChinaBy VARINDIA| 29 views
Sameep Taneja, Digital Lead, Accenture
Sameep Taneja, Digital Lead, Accenture
Watch Sameep Taneja, Digital Lead, Accenture With HD QualityBy VARINDIA| 112 views
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