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Ransomware attacks doubled in India
India saw a huge surge in ransomware and IoT cyber attacks in the first half of 2023, as criminals shifted to stealthier means of malicious activities. The recent Clop ransomware gang has once again altered extortion tactics and is now using torrents to leak data stolen in MOVEit attacks.
The ransomware attacks in India doubled in the first half of 2023, compared to the same period in 2022. The report found that there were over 100,000 ransomware attacks in India in the first six months of 2023, up from just over 50,000 attacks in the same period in 2022
Ransomware attacks doubled in IndiaBy VARINDIA| 105 views
LED Lighting Market: Trends, Opportunities, and Forecasts
The #LED_lighting_market is expected to reach $135.36 billion by 2030. It is possible with the supportive Government Initiatives anticipated to boost the market growth. This growth is being driven by a number of factors, including the increasing demand for energy-efficient lighting.
The LED lighting market is experiencing a surge in demand, driven by its energy-efficiency and long lifespan. With promising growth prospects, this market presents lucrative opportunities for businesses and investors, as well as significant cost savings and environmental benefits for consumers.
Today's Headline in News Hours
0:00 Intro
00:43 Global LED lighting market to reach $135.36 billion by 2030
01:22 LED lights are becoming popular due to energy efficiency
02:00 LED Lighting Market is growing rapidly in developing countries
02:39 New AI tools for automatic buying guides announced by Microsoft
03:19 Income Tax Department clarifies PAN-Aadhaar linking issue
04:00 Tech Mahindra and Microsoft partner for generative AI-powered enterprise
04:38 AI-based face authentication solution registers all-time high of 10.6 million transactions in May
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#varindia #news #newshour #technews #government #may #generativeai #Tech #Mahindra #Aadhaar #PAN #IncomeTax #LED #Microsoft #aitools #AI #LEDlighting #lightingtrends #marketanalysis #economicforecast #sustainability #energyefficient #innovation #futuretechnology #greentechnology #smartlighting #lightingindustry #businesstrends #investmentoppBy VARINDIA| 135 views
Compromising Identities.
New environments create new identities and, consequently, compromising identities will remain the most preferred method for attackers to evade cyber defences and gain access to critical data and assets.
Most of organisations in India expect identity-related compromise this year, stemming from economic-driven cutbacks, geopolitical factors, cloud adoption and hybrid working. A majority (84%) say this will happen as part of a digital transformation initiative such as cloud adoption or legacy app migration.
A report from CyberArk shows how the tension between difficult economic conditions and the pace of technology innovation, including the evolution of artificial intelligence, is influencing the growth of identity-led cybersecurity exposure.
Today's Headline in NewsHours
0:00 Intro
3:10 Mohit Joshi to take over as MD and CEO of Tech Mahindra
3:55 #Google employs generative AI for shopping
4:30 #Instagram now permits users upload 30-second music clips to notes
5:08 #Foxconn to build EV plant in India
5:35 Govt permits mobile users to access any operator's network in areas affected by Cyclone Biparjoy
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#varindia #news #newshour #technews #identitytheft #cybersecurity #privacy #dataloss #dataprotection #informationsecurity #cybercrime #onlinesecurity #identityfraud #identityprotection #vulnerabilit #datasecurity #internetsecurity #identitycrisis #infosec #cybersafety #digitalidentity #identityverification #persoBy VARINDIA| 176 views
ChatGPT: A tool for offensive cyber operations
#ChatGPT is an artificial intelligence chatbot powered by #OpenAI. The text created by ChatGPT is far more complex than that of other chatbots, as it has been trained on vast quantities of text data obtained from the web and archived books.
Our mobile devices are an essential part of our daily lives now more than ever. They allow us to access a wealth of information and entertainment and provide the freedom to be productive from almost anywhere.
The emergence of AI tools like ChatGPT can help scammers clean up their spelling and grammar mistakes, making it tougher to spot scam messages.
The questions, challenges, and possibilities of using ChatGPT within the world of cybersecurity are nearly endless. The YouTuber ‘Hacker Sploit’ describes ChatGPT as a “game changer” while discussing its vast scope of potential uses.
Experts say that it could be particularly useful for students or individuals at the start of their cybersecurity careers. This is because of the conversational nature of the AI — and what it is able to glean from context — making it so that users can give vague or badly written prompts and receive thorough, well written answers. He describes the explanations given by ChatGPT as “fantastic”.
Today's Headline in NewsHours
0:00 Intro
2:36 After Mohit Joshi’s appointment as next CEO, Tech Mahindra shares zoom 10%
3:20 CCI says companies that did not sign Google agreements became ‘extinct'
4:01 #Apple’s Tim Cook may launch mixed-reality headset this year
4:35 Sebi issues cloud services adoption framework
5:13 #Digitalrupee worth over Rs 130 crore is in circulation on a pilot basis
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htBy VARINDIA| 61 views
Increasing risk associated with the adoption of Open source
The adoption of #opensourcesoftware has been steadily increasing over the years, as more organizations recognize the benefits of using open source software in their IT environments.Recently, Endor Labs has introduced an OWASP-style listing of the most important or impactful risks inherent in the use of open source software (OSS).
Open source software has become increasingly popular over the years, as it offers many benefits such as cost savings, flexibility, and transparency. However, with the increasing adoption of open source software, there are also increasing concerns around security and risk.
One of the main risks associated with open source software is the potential for security vulnerabilities. Because open source software is developed by a community of contributors, there is a greater risk that vulnerabilities could be introduced by malicious actors or unintentionally by well-intentioned contributors.
Today's Headline in NewsHours
0:00 Intro
2:15 #TechMahindra to invest Rs 700 crore in its products and platforms division
2:51 #Foxconn’s revenue slips in February owing to slow sales
3:25 Apple discontinues its 'Mac notebook upgrade' programme
3:58 #Samsung hints at Galaxy Glasses Mixed Reality headset
4:30 Advertisers leaving Twitter results in its revenue nose-diving 40% in December
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Increasing risk associated with the adoption of Open sourceBy VARINDIA| 177 views
Offline smartphones sales reached 2019 levels in 2022
The offline channel growth of smartphones reached 2019 sales levels in 2021. In 2022, it is projected to grow by 25-30% over 2021 by value in offline channels; thus, the year ahead looks optimistic complemented by festive season sales. All of this is possible due to, we Indians, coming to Normalcy 38% faster than the rest of the world Say experts.
The contribution of the +20K price band category has evolved from approximately 17% in 2017 to 40% in H1’22 in the offline market. This signifies that there is a 2.5X jump in the contribution of +20K handsets from 2017.
The 20k+ price segment shows growth across all tier cities- with Tier 4 cities witnessing maximum growth in the price segment in H12022 vis-à-vis H12019 at a staggering 240% growth followed by Tier 3 cities with 186% growth, Tier 2 at 162% growth, and 86% growth in Tier 1 cities. Tiers 5 and above cities witnessed over 120% growth. The contribution in the same time period was led by Tier 1 cities at 59%.
The GfK’s Consumer Life Study 2022 surveyed amongst the Indian urban consumers, especially the younger demographic, it was observed that 64% like to be seen with the latest tech products. While 46% of them used an electronic payment service like UPI, Paytm, or GPay.
Post-pandemic, the element of convenience is a big factor that influences purchase decisions - 62% of Indian consumers want tech which knows them and can make recommendations, thereby making their day-to-day life easier. These trends cumulatively can offer to be a tailwind opportunity for smartphone retailers in the Indian market.
The ASP of smartphones has increased up to 34% in 2021 vs 2017 while it increased 65% in 2022 Q2 vs 2017 Q1. This positive uptick is an opportunity for both manufacturers and retailers to garner profit in the coming quarters.
Today's Headline in NewsHours
0:00 Intro
2:50 #PayU terminates BillDesk’s $4.7 Billion acquisition deal
3:22 #Lenovo introducBy VARINDIA| 81 views
Indian IT Companies contribution
A recent study by Nasscom shows that the Indian IT companies made a massive contribution to the US economy last year through employment, investment, strategic partnerships, and business deals.
The Indian IT companies, alongside its customers, have generated $396 billion in US sales, supporting a total of 1.6 million jobs and contributing over $198 billion to the US economy. It also spent about $1.1 billion to grow STEM learning in the US and developed partnerships with nearly 180 institutions in the US.
Nearly 40-78% of the revenues of Indian IT companies come from the US. Of which, TCS, Infosys, Wipro, HCL Technologies and Tech Mahindra have more than 50% exposure. Indian IT accounts for about 55% of the global IT services industry market share.
A report released by HDFC Securities in June 2022 reveals that India-headquartered IT services firms like TCS, Tech Mahindra and HCL have doubled their revenue market share from 13.9% in 2011 to 28% in 2021. Interestingly, market share of firms with foreign headquarters like Accenture, Capgemini and Cognizant have dropped from 86% to 72% in the same time.
In 2022, the Indian IT industry crossed the $200 billion mark in revenues to touch $227 billion, an impressive record according to Nasscom. Indian companies also invested $1.1. billion while partnering with more than 180 colleges and universities building a more robust pipeline for STEM courses.
The report states that the demand for STEM jobs in the US is expected to grow 1.5 times faster as compared to non-STEM occupations over the next decade. More than 70% of this demand would be supported by the IT
As the US recession gains momentum, analysts from Goldman Sachs predict that IT spending would be negatively impacted in the US as well as Europe. This is consequently expected to also impact IT companies.
While the Indian IT sector on a whole is putting up a more optimistic front and allaying fears based on highBy VARINDIA| 132 views
vCIO gaining attention
A virtual CIO is an experienced, high-level professional that companies can utilize to strengthen and expand the Organization IT strategy. They bring their personal experiences and a network of knowledgeable technical resources to work with you to determine the best IT solutions for your business.
A #vCIO takes a seat at your table and is focused on understanding your business and how technology can support your strategic initiatives and goals in order to help lead your business to success.
Technology constantly evolves and provides new opportunities for businesses. vCIO can help to identify new developments that reduce costs, increase efficiencies, and possibly change the way that you do business & open new avenues & revenue streams.
These vCIO services enable you to find, and keep, that competitive edge and take advantage of the latest technology. Also continue to keep the cost down, rapidly adapt to new age tech like RPA, Cloud Transformations, AI-ML, Analytics etc.
Additionally, a vCIO can assist with discovery & development of business process re-alignment, process improvement & Automation. vCIO can also work with you to discover new opportunities with your existing technologies in order to make the most of your valuable, existing resources & help build a road map. Also, can help plan & maintain the operational KPI & keep the lights green at all times.
Ensuring the success of a vCIO goes well beyond paying the bill. The vCIO has to engage with management to have a chance at success. If they are only dealing with the IT resources, you have hired a glorified and expensive IT manager.
You need to budget time for your management team to meet with the vCIO, especially in the beginning. It’ll help quickly determine whether you’ve got the right person in the seat and pay dividends in the end.
Today's Headline in NewsHours
0:00 Intro
2:36 Faulty ECS deployment causeBy VARINDIA| 65 views
Government’s support to MSME
The Micro, Small and Medium Enterprises sector has a crucial role to play in making India a five trillion dollar economy by 2024. There is a huge pressure of inflation looming across the Indian business horizon.
While the margins of large domestic and multinational corporations have come under pressure, they still have to maintain the balance sheet to absorb raw material price shocks and the elbow room to pass on the cost to consumers. At the same time, medium small and micro enterprises, especially mom and pop stores, across India are not in the same boat as the large companies, and are far more vulnerable to the onslaught of raw material cost hikes and inflationary commodity cycles.
The sector is a prime driver of growth with their contribution to output and employment in all economies. This sector is a critical component of India's growth story, making significant contributions to GDP, employment and exports. The sector contributes in a significant way to the growth of the Indian economy — with a vast network of about 6.3 crore units producing more than 8,000 products and a share of around 30% in nominal GDP.
India’s #MSME sector continues to languish despite the pivotal role it plays in the Indian economy. With around 95 percent of all industrial units forming a part of this sector, they constitute a cornerstone for economic prosperity in our society. MSME is the second most important sector where the maximum number of people are involved.
Indian MSMEs are going through a rough patch the likes of which they have never seen before. First, due to the recurrent waves of pandemic and now the Russia-Ukraine war. Raw material price escalation has increased input costs for a wide swathe of MSMEs. To address the issue of the rising prices of raw materials, there is a need to ensure enough liquidity in the hands of MSMEs.
Smooth functioning of public sector units without disruption due to payment problems is of paramountBy VARINDIA| 95 views
India's software industry to touch $30 bn revenue by 2025: Nasscom
India's software products sales are likely to hit $30 billion mark by 2025, as domestic companies expand their footprints globally and many new players are getting into the products space, as per the report from Nasscom and UnearthInsight. Software products could include customer relation management (CRM), enterprise resource planning tools or human capital management, etc. Furthermore, licensed software products created by domestic companies such as Ramco Systems and Infosys for payroll management and core banking fall under this definition. The report says, the software products market is estimated to clock $13.3 billion in annual revenue for the FY22 ended March 31, after logging a CAGR of over 10 per cent in the previous three financial years. India is the leading sourcing destination across the world, accounting for approximately 55% market share of the US$ 200-250 billion global services sourcing business in 2019-20.
The IT industry accounted for 8% of India’s GDP in 2020. Indian IT's core competencies and strengths have attracted significant investment from major countries. The computer software and hardware sector in India attracted cumulative foreign direct investment (FDI) inflows worth US$ 74.12 billion between April 2000 and June 2021. The sector ranked 2nd in FDI inflows as per the data released by Department for Promotion of Industry and Internal Trade (DPIIT). Japanese investments in the Indian IT sector grew 4X between 2016 and 2020. Investments stood at US$ 9.2 billion in the review period. Leading Indian IT firms like Infosys, Wipro, TCS and Tech Mahindra are diversifying their offerings and showcasing leading ideas in blockchain and artificial intelligence to clients using innovation hubs and research and development centres to create differentiated offerings. According to STPI (Software Technology Park of India), software exports by the IT companies connected to it stood at Rs. 1.20 lakh crore (US$ 16.29 billion) in the firstBy VARINDIA| 67 views
Metaverse can revolutionize Education, Skilling & Training
#Metaverse is an analogy of the Internet, by combining the powers of social networking, AI, Augmented Reality and Virtual Reality – Metaverse offers endless possibilities to imagine a newer and just society. Currently, India’s AR and VR Market stands at approximately $1.83 billion and is set to grow at a staggering CAGR of 38.29% until FY2027. This growth is said to further be accelerated by the digital transformation of the country; a process that is aided by the IT boom caused by the pandemic and ensuing global lockdowns. Experts say, it’ll be the key to improve skilling in India, like can we share the workplace experiences to those living in rural India and Tier 2-3 towns? Maybe Metaverse has or is the answer. People staying anywhere in India can now get virtual and immersive tours of shop floors without having to travel to factories in big cities. This reduces onboarding costs, and makes a wider pool of talent available to all companies. Today’s world is increasingly becoming a gig economy. To perform and become a leader of this new world, India needs to move from a labour-intensive economy to a knowledge-based economy. This means focusing on bettering our worker’s ability to create as opposed to just support ancillary functions. By offering workers a customizable range of concepts and skills that they can easily pick up using this technology.
The metaverse is entering into a stage of heavy development. Smaller crypto projects, creators, and games produce content and meta platforms alongside huge tech giants like Google and Facebook (Meta). As the trend has picked up, tech giants with platforms that already complement the metaverse have begun their own developments. India is at an interesting stage of transition within the global economy. The rising focus on India can be attributed to India’s operating conditions and cost competitiveness. Reforms to both land and labour laws are critical to India’s success as a global manufacturing location. MetaverseBy VARINDIA| 96 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| 111 views
Omicron to disrupt the employees' return-to-office plans
#Twitter #Omicron #Bankemployeeassociations
Employees rethinking on Return-to-office plans
The coronavirus pandemic has sped up a transition into more flexible and diverse working hours around the world, opening up ways of working that were unthinkable just a few years ago. Now with the growing concerns of Omicron variant of the virus, companies are struggling to understand how the variant is going to impact the employees to start travelling to office and they are reviewing to consider different permanent work models for their employees as the coronavirus pandemic, and the spread of the Omicron variant, destabilize their latest return-to-office plans. Countries moved swiftly this week to impose bans or tougher testing rules on travel after the Omicron variant was first uncovered in southern Africa. The World Health Organization said as more countries reported cases, the new COVID-19 variant carries a "very high" global risk of surges. Scientists have said it could take weeks to understand its severity, although early indications were that most cases were mild. The prospect of a fast-spreading variant has raised fears of a return of the sort of restrictions that shut down a swath of industries in 2020. Alphabet Inc's Google was indefinitely delaying its return-to-office plan around the world. Google in August had said it would expect workers to come in about three days a week from Jan’ 10 at the earliest, ending its voluntary work-from-home policy. Google was one of the first companies to ask its employees to work from home during the pandemic. It has about 85 offices across nearly 60 countries.
COVID has accelerated digitization of all aspects of business and life. Enterprises have learnt to work remotely and increased their use of tech, and people have learnt to consume everything digitally, even sectors like education, healthcare, and of course financial and work transactions. At the same time there is serious concerBy VARINDIA| 91 views
Cloud technology has emerged as the biggest enabler for businesses
#TechMahindra #CloudComputing #RBI
Cloud computing - enabler of digital transformation
Today, the business world is driven by technology. Every industry is riding the digital transformation wave. Hence, the most crucial challenge before businesses is to strike a balance between the technology available to them and the technology that is relevant for them. Most of the organizations are moving towards automation, business intelligence, and a lot more. Cloud computing has become a tool being used by many business organizations. It provides a way for businesses to manage their resources online. It allows the business entities to access their information virtually, whereby data can be accessed anytime and anywhere. Enterprises and SMEs are moving towards cloud computing. Just like a coin has two sides, cloud computing also has a positive impact and at the same time, some challenges are faced by the business entities. Since the pandemic, cloud technology has emerged as the biggest enabler for businesses. Cloud investment and adoption is rising across sectors. The growing demand for enhanced transparency, rising capital requirements and increasing focus on customer experience have compelled different industries to turn to the cloud.
Cloud computing helps in reducing the expenses of the company as resources are acquired only when they are needed and payment is made as per usage. The global cloud computing market size is expected to grow from $371.4 billion in 2020 to $832.1 billion by 2025, at a CAGR of 17.5% during the forecast period. Like any other technology, cloud technology continues to evolve too and newest trends keep cropping up. Cloud offers organizations the flexibility to scale up or down their resources and capacity based on the workload and pay only for the services that they use. Customers or users are free to decide about the services which they want to use and pay as per use. Also, users have the option to switch fromBy VARINDIA| 134 views
Artificial intelligence for Resilient Growth
#Google #Cloud #RouteMobile
India’s journey towards embracing technology digital transformation has come a long way. The foundation to leapfrog with the new wave of emerging technologies has been well-laid in terms of flagship programmes such as #DigitalIndia, #MakeinIndia, #SmartCities, #JanDhanYojana, #StartupIndia and #SkillIndia. Every stakeholder group can be proud of the efforts and achievements around the creation of the world’s largest rural broadband network, largest direct benefit transfer system, largest digital identity system and the citizen engagement platform #MyGov. These initiatives, coupled with the push to skilling and entrepreneurship, are providing the foundation for the infusion of the next wave of technology solutions around AI, IOT etc. Artificial intelligence is fast becoming the most significant technology of our era. With techniques like machine learning, we can now build systems that are capable of improving their own performance by learning from data over time.
Fast decision-making is a key ask for the businesses to stay competitive in the market. It is crucial that the business gains insights from its enterprise data set takes necessary and timely action. Tech players rapidly moved into the AI space and have redesigned existing products as well as engineered new ones so as to embed AI within them, with the aim of catering to the diverse requirements of industries. The advent of affordable and prevalent high compute hardware, coupled with parallel processing on emerging platforms such as cloud-based infrastructure, has made it possible to deploy AI solutions with good enough performance for real-world applications. Additionally, commoditization of AI methods and techniques offered by several AI/ML frameworks and libraries has brought machine learning out for research labs into the mainstream. Digital disruption has transformed global business. As new models and processes emerge, artificial intelligence (AI)By VARINDIA| 151 views
Vehicle electrification becomes a strategic priority for the automotive market in India
#Apoteket #EV ##TCS
Domestic and Foreign Automakers in the EV race
Vehicle electrification has become a strategic priority for the stakeholders of the automotive market in India. Therefore, everybody is undergoing the essential ‘upskilling’ phase to be future-ready for electric vehicles (EV). To give an impetus to this idea, India plans to prioritize the electrification of the two-wheelers, three-wheelers and buses. For the past few years, automakers, government (central and the state governments) and component manufacturers are amending/building new policy frameworks that favour EVs and help the market’s transition towards cleaner technology from traditional ICE. As per GlobalData, “Two-wheelers, three-wheelers and buses are clearly the ‘key beneficiaries’ of the government schemes with the passenger EVs being on the ‘backburner’ presently. However, the high modal share of the three completely justifies the reason and these segments can help to achieve the 30% new vehicle electrification target by 2030. Passenger electric cars, being a ‘big ticket’ purchase, face a challenge to gain volume for personal mobility in the price-sensitive Indian market.
Furthermore, they also face headwinds from factors such as range anxiety, lack of charging infrastructure and alternative fuel vehicles (CNG). Despite the passenger EVs market being small in terms of volume, it holds high growth potential. Most automakers are optimistic about the future of electric cars in India. Both domestic and foreign automakers are in the EV race. However, only a few have product offerings for the market while others still have their products under development or have plans to import their EVs – which is taking time. Experts say EVs are still in the early-stage in India. While affordable EVs are picking up pace, things are tough for luxury automakers due to high import duties, which restrain them from importing vehicles as CBUs to sense check the market trends and customBy VARINDIA| 93 views
Manufacturing industry is geared to leverage cloud computing
#PiyushGoyal #GST #RBI
Cloud Computing driving change
Cloud computing has become the key driver of the ‘4th Industry Revolution’ in which advanced technologies like Artificial Intelligence (AI), Internet of Things (IoT), blockchain Voice Recognition, Big Data Analytics and geoprocessing the lines between the physical and digital world. Cloud computing technology is driving change and innovation in all the business sectors across the world. This holds true for the manufacturing industry too. According to a report by Market Research future , the cloud manufacturing market is expected to grow to a value of $111.90 billion by 2024. Cloud-based systems are faster to roll out than traditional systems, making it easier for manufacturers to keep up with new developments. They are also easier to customize and scale, and they offer the potential to increase adoption rates across resellers. According to Nasscom, the amount companies are spending on cloud computing is expected to reach $7 billion by 2022, which is a 30% growth each year.
Cloud Computing is the future for the entire world and manufacturers should not fall behind. With the government’s impetus on both manufacturing and IT, it is high time for all manufacturers to implement cloud based applications and reap the benefits in the years to come. Cloud based applications can help manufacturers to keep an eye and monitor production seamlessly. Depending on the changing market needs and various other scenarios, manufacturers can bring down the level of production and also increase it. It can also help them understand the level of raw materials needed to ramp up or slow down production. Secondly, as the hybrid cloud adoption is gaining a lot of momentum in the manufacturing industry it helps manufacturers to move away from traditional ERP systems and implement cloud based systems to create web based applications, mobile apps and different software testing modules that enables them toBy VARINDIA| 109 views
Commerce and Communication behind the success of E-commerce
#Ecommerce #TechMahindra #Twitter
The success of Ecommerce
The term ‘e-commerce’ is not a simple word, it is the mix of thousands of companies and millions of ideas, yielding trillions of dollars across the globe. In a simple term, E-commerce is all about just online transactions - buying and selling of goods and/or services over the Internet. Online shopping is growing significantly faster than brick-and-mortar stores. It is a broader eco-system which is all Internet based interactions with business partners, suppliers and customers such as: selling direct to consumers, manufacturers and suppliers; monitoring and exchanging information; auctioning surplus inventory; and collaborative product design. In a layman's term, these online interactions are aimed at improving or transforming business processes and efficiency.
It is true that Amazon and Flipkart are leading the race in the e-commerce India sector and both have been extending their arms into digital payment, groceries and many more. Indian conglomerate Tata plans an ambitious e-commerce push to take on Amazon, Flipkart & Reliance. At the same time several other players including domestic and MNC funded companies are coming into this trade. However, Amazon and Walmart owned Flipkart have a cut-throat run right from the time they have launched in India. Now the crux of the story is if we remember just a year back upto July 9th 2020, we have seen how the Chinese e-tailers Shein and Club factory were working in India being the government along with 57 other apps. Both the apps were taking COD orders. While Club Factory was working on WiFi and mobile networks, Shein was only working on certain WiFi and telecom networks. Shein and Club Factory were among the most popular e-commerce websites in India before the ban. However, a report says, Club Factory was the third most used e-commerce app in the country after Amazon and Flipkart. It had over 100 million moBy VARINDIA| 148 views
Cyber spying in Edtech sector raises eyebrows
#Cyberspying #edtechsector #dataprotection
Edtech influencing cyber spying
Data protection is highly necessary since we have seen many instances of common data breaches like hacking of account details like email, name, password and other personal details of the users. “Stolen passwords are one of the simplest and most common causes of data breaches. Technical vulnerability is another way that crooks can exploit in countless ways. Edtech companies are running after the Educational Institutions to introduce their courses in the country and are going to disrupt the present strong education system with the digital education taking the advantage of pandemic. Secondly, EDTECH companies have tied- up with the schools and have taken most of the students' databases including their parents and approaching them separately with their marketing offers. The present Lockdown brings opportunity for the Edtech sector to target the schools and colleges through their offering by tying up with various digital platforms.
As A Result, Schools and universities become soft targets for cybercriminals everywhere. Generally, educational institutes do not spend a lot of money or effort on the cybersecurity of their digital databases and networks. As a result, even a semi-accomplished hacker can remotely access a school or college’s surveillance systems to spy on the students, professors, or staff members. Educational institutes stand to lose a lot if their confidential data is leaked or their students’ private details stolen. There are a few measures that educational institutes can implement to protect their stakeholders from data breaches and remote privacy invasion. Cybersecurity is a necessity in all sectors today. If users wish to improve the cyber-protection levels of their institute or local universities, they can install the next-generation firewalls and IAM systems. Finally, with technology evolving so quickly, businesses need to bBy VARINDIA| 117 views
Social media platform can certainly be used for asking questions and criticise
The Digital India programme has now become a movement which is empowering common Indians with the power of technology. The extensive spread of mobile phones, Internet etc. has also enabled many social media platforms to expand their footprints in India. Common people are also using these platforms in a very significant way. The major social media platforms active in India are WhatsApp, YouTube, Facebook, Instagram and Twitter. These social platforms have enabled common Indians to show their creativity, ask questions, be informed and freely share their views, including criticism of the Government and its functionaries.
The Government acknowledges and respects the right of every Indian to criticize and disagree as an essential element of democracy. India is the world’s largest open Internet society and the Government welcomes social media companies to operate in India, do business and also earn profits. However, they will have to be accountable to the Constitution and laws of India. Secondly, it was found that currently there is no robust complaint mechanism wherein the ordinary users of social media and OTT platforms can register their complaint and get it redressed within defined timeline. Lack of transparency and absence of robust grievance redressal mechanism have left the users totally dependent on the whims and fancies of social media platforms.
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Social media platform can certainly be used for asking questions and criticiseBy VARINDIA| 176 views
Connected devices leading to the growth of edge computing
The rise of the connected devices ecosystem has led to a rise in demand for high-speed networks. It has exposed the limitations of the overall network architecture, highlighting the need for edge computing. There are hundreds of sensors in a modern-day car and creates tons of data. And while most of it is processed in the vehicle itself, transfer of data to the cloud might be needed by some in-car applications. Data moved to the cloud could be constrained more intelligently with edge computing. With the advent of next-gen technologies in the autonomous vehicle ecosystem, challenges such as delay in data transmission, real-time results, on-the-spot accurate and vital decisions, processing of large quantities of data, etc., have also increased. Automotive players are focused on leveraging edge computing to address these ever-evolving challenges.
In traditional enterprise computing, data is produced at a user's computer. That data is moved across a WAN such as the internet, through the corporate LAN, where the data is stored and worked upon by an enterprise application. Results of that work are then conveyed back to the end-user. With regards to infrastructure of edge computing, it is a network of local micro datacenters for storage and processing purposes. At the same time, the central datacenter oversees the proceedings and gets valuable insights into the local data processing. However, we need to be mindful that edge computing is a kind of expansion of cloud computing architecture - an optimized solution for decentralized infrastructure. The fact is in a digital-first world, personalized content drives everything in the digital economy.
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By VARINDIA| 169 views
Workplaces continue to struggle with various uncertainties
Everybody is in such a hurry that they have not been able to go through the vetting process and the discovery process of figuring out what their security risks are. That’s one of the most common mistakes we see: not knowing your risks, not knowing your data and assets, and not prioritizing them. Expect ransomware and phishing to be the worst security problems going forward. The impact of ransomware is much bigger. There’s also been an increase in extortion attacks against enterprises. More phishing attacks are focused on SaaS applications. The pandemic and remote work has forced organizations to rethink cybersecurity.
Most organizations still think that the networks and tools they use at work are gatekeepers and anyone able to access these tools should in theory have clearance to do so. This works well as long as employees remain in physical offices. Perimeter security isn’t as effective, though, when staff try to access data and assets through off-the-shelf networking tools and vulnerable home Wi-Fi connections. And once the perimeter firewalls are breached, hackers face little to no resistance and can wander around a company’s intranet easily. However, many solutions to new and existing threats already exist. These cloud-based solutions, with built-in security features and edge computing capabilities, make it easy for companies to scale up or down depending on their needs while also cutting out the costs of running a security team.
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Workplaces continue to struggle with various uncertaintiesBy VARINDIA| 102 views
Talents can opt for work-from-anywhere jobs in 2021and onwards
Work-from-anywhere jobs offer the ultimate in location flexibility and independence. Especially given the state of today’s workplace, having the ability to truly work from anywhere enables people to take their jobs with them wherever they need to go. Social media helps the talents to get recognised by the top companies across the globe to let people work from anywhere in the world—and they’re hiring. Now many companies are developing the database for the FlexJobs, and has identified as the top priority many companies to achieve their objectives.
However, it’s a common assumption that this type of job must be a freelance or contract role, but the vast majority of work-from-anywhere jobs are now visible in many corporates. For many people, remote work is the ideal way to work. You get the income stability and benefits of being an employee, plus the freedom to work wherever fits you best. You get to ditch the soul-crushing commute and, yes, work in your pajamas if you like. Before you throw out all your suits, though, you have to land the job. With the current situation, working remotely is no longer the future of work. It’s a present situation many of us are facing right now. Companies have switched to a fully-distributed team for the time being but not everyone in a team is prepared for the sudden switch.
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Talents can opt for work-from-anywhere jobs in 2021and onwardsBy VARINDIA| 86 views
Connecting the unconnected with IoT for creating Smart environment
Connecting the unconnected with IoT for creating Smart environment
Connecting the unconnected with IoT for creating Smart environmentBy VARINDIA| 104 views
Can Every Business Think of Digital Business
Can Every Business Think of Digital Business
Can Every Business Think of Digital BusinessBy VARINDIA| 120 views
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