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AI & supply chain vulnerabilities
#cyberattacks on major organizations have highlighted the vulnerabilities of AI and supply chains. In recent years, there have been a number of high-profile cyberattacks that have targeted AI and supply chain systems. These attacks have shown that these systems are vulnerable to a variety of threats.
The cyber landscape continues to evolve as major organizations like British Airways, Boots, and the BBC face the aftermath of a crippling cyberattack. With payroll data compromised, attention now turns to the potential targeting of AI vulnerabilities. The battle against cyberattacks seems to have been lost, with vulnerabilities in AI becoming a potential future target, as per #GlobalData.
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3:14 Instagram's algorithms linking child porn and pedophiles
3:54 #Key investor concerned about Byju's legal struggle in $1.2 billion loan dispute
4:38 Twitter Will Commence Paying Authors for Ads in Retweets
5:10 #BSNL to cease losing subscribers October to November
6:00 #Poly Voyager Free 60 UC earbuds from HP India available for Rs 41,999
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#varindia #technews #newshour #news #AIvulnerabilities #AIsecurityrisks #cybersecurity #aiinnovation #supplychainmanagement #AIoptimization #emergingtechnologies #technologytrends #aiimpact #supplychainintegration #operationsmanagement #supplychainsecurity #sustainability #businessintelligence #predictiveanalytics #datascience #supplychainoptimizatiBy VARINDIA| 26 views
Mobile service revenue
The #Mobileservicerevenue in India has increased with the increasing digitization of the Indian economy, the government's push for digitalization and increasing smartphones and the rollout of #5Gtechnology.
The total mobile services revenue in India is poised to increase at a compounded annual growth rate of 2.9% from $26.3 billion in 2022 to $30.3 billion in 2027, the growth is credited with the robust growth in mobile data services segment.
The telecom industry comprises the sales of telecom goods and services by companies (organizations, single proprietorships, and partnerships) that supply communication hardware equipment for the transmission of voice, data, text, and video. The telecoms market also includes the sales of items by manufacturers like GPS equipment, cellular phones, and switching equipment.
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3:25 TSPs confirm to Trai about using AI filters to stop unwanted calls
3:55 #Mozilla buys a startup that identifies fake reviews
4:28 #UIDAI unveils new feature to verify Aadhaar-linked mobile number
4:58 #AjayBanga confirmed as next World Bank President
5:26 I&B ministry may begin reviewing C-band allocation plans
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Mobile service revenueBy VARINDIA| 40 views
M&A opportunities
Despite the ongoing volatile market conditions and the challenges posed by inflation, companies are actively discussing about mergers and acquisitions. Companies are looking to leverage M&A opportunities to enhance their market position, gain access to new technologies and markets, and remain competitive in today's dynamic business landscape, reveals the study by GlobalData,
#GlobalData’s “Company Filings Analytics – Trends & Signals Annual Report 2022,” reveals that healthcare, technology, aerospace & defence industries were more active than others in discussing M&A opportunities. An analysis of the Company Filings Analytics Database shows that some of the companies seeking value-enhancing M&A opportunities include Tenet Healthcare, Insight Enterprises, QinetiQ Group, OptimizeRx, and Bird Global among others.
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2:20 #Cisco to invest in a new Chennai data centre
2:48 Karnataka govt gives green signal to Foxconn for its mobile manufacturing unit
3:25 #Manoj Tandon takes charge as new Director at RailTel Corporation
4:02 ChatGPT returns online after a brief outage
4:40 #Samsung wins trademark trial over use of 'S10' for phones
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M&A opportunitiesBy VARINDIA| 22 views
India card payments market
The primary factor driving the growth of the market in the region is the rising adoption of #digitalpayments supported by government initiatives and strong growth in E-commerce, among others.
As per #GlobalData, card payments value in India registered a strong growth of 26.7% in 2022, supported by improving economic conditions. This trend is expected to continue in 2023 and India’s card payments market is set to grow at a CAGR of 18.7% between 2022 and 2026 to reach Rs 43.3 trillion ($581.1 billion) in 2026.
Experts say that, India, which is primarily a cash-driven economy, made robust progress in the adoption and usage of card payments supported by consumers’ increasing preference for electronic payments, improvement in payment infrastructure, and constant efforts by financial authorities to increase financial inclusion and boost cashless payments.”
The introduction of low-cost banking services under Pradhan Mantri Jan Dhan Yojana program, the appointment of banking correspondents to serve remote population, the launch of payments banks, and the reduction of merchant fees on card-based payments are some of the initiatives from government and the central bank that led to rise in card payments in the past few years.
The post-pandemic recovery in card payments is mainly driven by credit and charge cards, with this card category growing by 39.2% in 2022, as consumer spending increased on travel, accommodation, restaurants, and transportation. Regular benefits such as loyalty programs, discounts, and availability of instalment facilities are also aiding to rise in credit and charge card usage.
The card payments market, however, is witnessing some hiccups due to the rising inflation rate as the country’s central bank is on an interest rate hike path to control inflation. The repo rate was increased in phases to 6.50% in February 2023 from 4.40% in May 2022, making credit costlier for consumers.
The card payments inBy VARINDIA| 25 views
Global retailers facing headwinds
Amazon, Costco, CVS Health and Avenue Supermarts were the only companies in the top 25 to report a significant drop in their MCap in Q4 2022, whereas Nike, Ross Stores, Pinduoduo, etc, gained considerably.
Experts say the global retail industry is facing headwinds in the form of interest rate hikes and inflationary pressures. Increasing inventories and supply chain risks are also casting doubt on the growth prospects of the sector. Contrarily, the retail industry is looking towards changing trends such as omnichannel shopping, social commerce, and technological innovation.
#Amazon lost $294.3 billion in Q4 2022 compared to the previous quarter, its biggest decline in almost two decades. The company’s performance was impacted by various factors such as supply chain issues, the war in Ukraine, higher costs etc. Consumers’ growing preference to in-store (offline) shopping also impacted most of the e-commerce retailers overall.
Nike was the biggest gainer in the top 25 global retail stocks with a 40.4% in Q4 2022. Its valuation increased by more than $50 billion in the quarter, thanks to the improved economic outlook in the US, and the relaxation of the zero COVID-19 policy in China. In the next few quarters, the company anticipates a bump in sales in China, its key growth market.
0:00 Intro
2:10 #Banks promoting RuPay card and UPI will not attract GST on incentives
2:40 #Microsoft and Meta to evacuate US offices
3:10 #LG to reportedly manufacture micro-LED displays for Apple Watches
3:35 2023 Budget likely to amend Competition laws
4:05 Govt launches MAARG portal for startup mentorship
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Risks of Blockchain
There has been an increasing interest in #blockchaintechnology from the Insurance and health care sector in the last couple of years. The value proposition for using blockchain technology in the health care sector is to share sensitive patient data among health care entities securely and to empower patients.
Blockchain technology allows patients to have an active role in developing and updating their own data. However, is blockchain technology really the silver bullet it seems to be?
When innovation and security implications concerning blockchain technology in health care were discussed it was found that there is a need for more use cases to ensure the secure sharing of data within the health care sector. It was found that blockchain technology will not solve the issues encountered by the health care sector; in fact, it may raise more issues than it will solve.
More than 20% of global executives are of the opinion that blockchain technology is all hype, as doubts about its industrial applicability increase due to the recent collapse of the Blockchain Insurance Industry Initiative (B3i), as per #GlobalData.
While the blockchain technology promises to drive efficiency or reduce costs, it has certain inherent risks. It is imperative that firms understand these risks and the appropriate safeguards in order to reap the benefits of this technology. Additionally, it’s important to understand the evolution of regulatory guidance and its implications.
Whilst blockchain and distributed ledger technology is certainly complex, uses have emerged in the insurance industry, notably in parametric insurance for natural disasters and catastrophes. B3i consisted of many key players in the (re)insurance industry. That none of them seem to have the impetus to revive the project suggests many do not see a viable endgame to the initiative.
“Blockchain has often been a poorly defined and misunderstood topic. It’s association with the woBy VARINDIA| 30 views
SVOD services
The subscription video on demand (SVOD) service revenue in India is expected to grow at a compound annual growth rate of 15.5% from $1.3 billion in 2021 to $2.7 billion in 2026, driven by solid growth in SVOD subscriptions and an increase in unique SVOD household penetration, as per GlobalData.
India Subscription Video on Demand Forecast (Q4-2021)’ reveals that SVOD subscriptions in the country will increase at a CAGR of 16.2% during 2021-2026, driven by the increasing availability of affordable high-speed mobile internet, and a steady rise in household penetration of fixed broadband services, particularly high-speed fiber-to-the-home/building services, which enable the consumption of high-bandwidth OTT video content.
Moreover, the upcoming roll out of 5G networks will further aid in the growth of SVOD streaming services by facilitating a seamless streaming experience for consumers. The Indian SVOD market is on an accelerated growth path thanks to the availability of high-speed broadband services, growing smartphone penetration, and widespread popularity of OTT content among the younger population.
At the same time, the Global SVOD operators such as Disney+ Hotstar, Netflix and Amazon Prime Video, which have gained immense popularity in India, have been adopting innovative pricing plans with multi-device streaming options to expand their user base, and are investing heavily in developing premium original video content, especially in regional languages.
The result shows the Disney+ Hotstar platform is expected to hold the largest share of India’s #SVODservices market, in terms of subscriptions, through the 2021-2026 period. The growth can be attributed to the company’s wide, distinct pool of multilingual local and original content library, competitive pricing, and exclusive coverage rights to the Indian Premier League, one of the biggest sporting events in the country.
There has been a remarkable change in the viewing habiBy VARINDIA| 13 views
Significant risks of state-sponsored cyberattacks contribute towards industry growth
A challenging worldwide geopolitical environment exacerbated by the COVID-19 pandemic—and, since February 2022, the Ukraine-Russia conflict—has gifted cyberattackers an uneven playing field, says GlobalData. It says that state-sponsored attacks are a significant risk, and such high threats are contributing towards increased spend on cybersecurity, with the global cybersecurity industry set to grow from $125.5 billion in 2020 to $198 billion in 2025. The last few years have shown that no one, not even specialist cybersecurity providers themselves, was safe from attack. Cyberattacks are frequent and increasingly complex, typically perpetrated by those furthering a geopolitical cause or attackers intent on making money. Companies manage an array of assets, including infrastructure, applications, endpoints, mobile devices, and cloud services, all of which are under threat. A report explains that those that are not after money are often motivated by revenge—typically a disgruntled employee or disaffected customer. Other threat actors include ‘hacktivists’ trying to gain attention for their cause, terrorists intent on damaging critical national infrastructure, or nation states using cyber warfare against other countries.
Maintaining the security of IT systems is a constant struggle for organizations of all types. New vulnerabilities can be uncovered at any time, and there is always the worry of an insider attack. Complex ransomware and supply chain threats will continue in the near future. The fallout from the widespread shift to remote working has not gone away. However, it is for sure, that threat is here to stay. The report also highlights that securing hybrid working, coping with ransomware and continuing supply chain threats, and moving to a new zero-trust security model, will drive strong growth in security spending over the next three years. There is a need for “Innovation, which is undoubtedly needed to counter the continuously evolving cyberthreat landscBy VARINDIA| 6 views
Investment into low-code/no-code platforms has increased five folds
Enterprises increasingly use low-code development practices and tools to help make professional developers and business users more productive. In the near future, there will be a look for vendors, including major cloud providers, to expand low-code's capabilities. Experts predict low-code will improve how businesses not only develop applications but maintain IT overall. Amidst a growing number of companies pouring millions into digital transformation for business resilience, primarily against the backdrop of the COVID-19 crisis, low-code/no-code (LCNC) platforms are gaining momentum to cut down lengthy software development cycles to create new applications that meet immediate business needs. This has resulted in an year-on-year fivefold rise in the venture capital funding into LCNC platforms in 2021, as per GlobalData. Venture Capitals seemingly consider LCNC technologies as part of their core investment strategy backed by the ‘software is eating the world’ phenomenon now more than ever while most companies are still challenged to quickly develop software due to the lack of skilled developers. Advantage of Low-code selects and connects blocks of code to build an application, website or functionality, whereas, No-code development carries this paradigm even further with an entirely drag-and-drop process that requires essentially no coding knowledge.
LCNC vendors claim to address this gap, notably in the enterprise race to digital transformation, by enabling non-IT professionals to develop new applications remarkably fast. Experts say, the focus of VC investors has been on funding high-value LCNC startups that offer enterprise-grade applications to enhance customer journeys, streamline workflows, modernize legacy applications, and support data visualization for increased business productivity. Over the last four years, digital workflow automation is the most targeted area by VC investors, followed by simpler spreadsheets representation and fast and secureBy VARINDIA| 23 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| 35 views
Future of work in 2022 to be on reshoring, gig economy, and flexible working
#RBIGovernor #COVID19pandemic #Dreamapp
Reshoring, Gig Economy & Flexible Working
The #COVID19pandemic has significantly disrupted the typical working habits in 2020 and 2021, and there is much speculation about how things are going to settle down moving forward. In its latest report, ‘TMT Predictions 2022’ from GlobalData offers its view on the future of work. The report reveals that reshoring—when the production of goods is returned to the company’s original country—gig economy regulation, and flexible working will become the new norm. Companies are homeward bound as offshore manufacturing is too costly. Reshoring is an increasingly attractive option. Offshoring is losing its cost advantage due to significant supply chain disruptions and rising labour costs in countries such as China. Companies are also being pressured to localize production to reduce their carbon footprints and support the post-pandemic rebuilding of their home country’s economy. Reshoring will destroy more jobs in developing countries than it will create in developed countries. It also won’t make up for all the jobs initially lost through offshoring because today’s production line is less labour intensive, but it will still make a welcome difference as developed economies shake off the pandemic.
The growth of the gig economy that we saw in 2021 will continue into 2022. However, this growth comes with increasing instability. The gig economy model is precarious and unsustainable due to landmark regulatory changes across Europe, classifying more and more gig workers as employees rather than independent contractors. Governments will continue to legislate in favor of gig workers, and this will heavily increase costs for companies that now need to afford sick days, holidays, and pensions. According to GlobalData surveys, 42% of workers are still working from home full time, but most offices will return to at least 50% capacity by May 2022. Hybrid working will remain commBy VARINDIA| 45 views
Bitcoin Creator Satoshi Nakamoto created 1 trillion-dollar economy
#semiconductorcompanies #Crypto #Omicron
Ownership of Crypto in feud
Today bitcoin is worth more than $1 trillion and has sparked a phenomenon that, its proponents believe, might rewire the entire global financial network. For most people, Satoshi Nakamoto is the most enigmatic character in cryptocurrency. To date, it is unclear if the name refers to a single person or a group of people. A computer scientist who claims to be bitcoin's inventor came out on top Monday in a civil trial against a deceased former business partner's family, which alleged it owed half of a bitcoin fortune worth more than $50 billion. Now, a million-dollar question is what will happen to the Lawsuit over a $64 billion cache that looks beyond the pseudonym to solve the mystery of who created the cryptocurrency. According to Ira Kleiman, brother of David Kleiman—he was Wright’s partner in writing the Bitcoin white paper under the Satoshi Nakamoto pseudonym and business partner in mining 1.1 million Bitcoins now worth about $65 billion. Kleiman worked at a number of high-tech companies including S-doc where he served as a Chief Information Security Officer. He was also a contributor to cryptography and security mailing lists, where he actively participated in discussions including technical aspects of cryptosystems and the politics of cryptography. He died at the age of 46 in 2013 after a 1995 motorcycle accident, and was in a hospital for almost 850 days from September 24, 2010, to March 21, 2013. The recent verdict means Craig Wright will get to keep all of the 1.1 million bitcoins that were in dispute in the trial.
The use of cryptocurrency and non-cash payments has exploded across the globe during the pandemic as people's lives shifted online. The family of David Kleiman claimed that Wright and Kleiman created bitcoin together. While it is clear that Kleiman is not the co-founder of Bitcoin, now the cryptocurrency community is looking to see if WriBy VARINDIA| 18 views
Zero Trust, Endpoint, and Network Security support Work-from-Anywhere Era
#Workfromanywhere ##Virtualreality #McAfee
The Work-from-anywhere era
Today security companies are geared with the solutions to secure and connect work-from-anywhere. Empowering users to move seamlessly between different work environments has critical implications for maintaining user productivity as well as security. Cybercriminals have been quick to exploit the expanded attack surface and security gaps created by this shift in work patterns to get a foothold into the corporate network. Today’s enterprise organizations require work-from-anywhere security that is as flexible and dynamic as today’s business demands. Fortinet and few more organisations are geared to deliver unified security built for the Work-from-Anywhere Era that seamlessly adapts based on a user’s environment and risk profile. It is absolutely true that Work-from-Anywhere expands to Benefit Workers and Cybercriminals. The COVID-19 pandemic has surfaced as the forcing function that greatly expanded the work-from-anywhere model. A forecast analysis from Gartner reveals that, “by the end of 2024, the change in the nature of work will increase the total available remote worker market to 60% of all employees, up from 52% in 2020. Organizations are facing a hybrid future, with 75% of hybrid or remote knowledge workers saying their expectations for working flexibly have increased.
At the same time, multi-stage sophisticated attacks like ransomware are plaguing organizations at an increasing rate. According to the 1H Global Threat Landscape Report from FortiGuard Labs, ransomware incidents have increased nearly 1100% from June 2020 to June 2021. In a recent global ransomware survey conducted by Fortinet, an astonishing 67% of organizations report having been a ransomware target. It’s clear that remote and hybrid work is now status quo and cybercriminals will continue to take advantage of this expanded attack surface. To address the shift in the workforce andBy VARINDIA| 15 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| 7 views
Collaboration and communications tech still has a future with hybrid working
#AgricultureMinistry #Jio #Cisco
C&C tech - a life vest for businesses forced to WFA
The attitudes of both employees and employers towards hybrid working - a style of working that allows for a more balanced home-office work pattern - have fundamentally changed due to the pandemic, according to GlobalData. The leading data and analytics company notes that this is good news for tech companies producing collaboration and communication (C&C) services such as Zoom that have seen a boost from remote working over the pandemic. C&C tech acted as a life vest for businesses forced to move to remote working. Their use will only continue as these enterprises step into the future of hybrid working. Companies have growing commitments to environmental, social and governance (ESG) goals, which means they have to demonstrate the benefits to society and address customers’ environmental concerns – all enabled by C&C services.
Over time, the market is bound to consolidate – as evidenced by Zoom’s agreed deal to buy Five9 for around $14.7bn. The generally accepted ‘marketing rule of three’ indicates that as individual markets mature, they tend to be dominated by three dominant players, so the battle has started to gain a place at the top table. Experts predict that “Zoom’s deal is just the start of what will be an onslaught of C&C mergers and acquisitions.”Another key trend is the migration from upfront investment-heavy, on-premises products to pay-as-you-go-based cloud solutions, often from new competitors such as Facebook and Google. Facebook’s ‘Workplace’ now has over seven million paying business customers, while Google’s ‘Workspace’ is being actively marketed as a solution for hybrid meetings.
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2:06 #AgricultureMinistry ties up with #Jio and #Cisco to develop #agritechsolutions
2:57 #Microsoft 's board has approved a $60 billion share #buybackBy VARINDIA| 13 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.
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0:00 IBy VARINDIA| 28 views
Indian e-commerce market to touch $120bn in 2025
#Ecommerce #DelhiPolice #Instagram
e-com growth in India
The e-commerce market in India has been witnessing high growth during the past few years. It continued to grow even during the COVID-19 pandemic as wary consumers preferred online channels for purchases. Against this backdrop, e-commerce sales are forecasted to rise at a compound annual growth rate (CAGR) of 18.2% between 2021 and 2025, to reach Rs. 8.8 trillion ($120.1bn) in 2025. According to GlobalData, e-commerce payments in India grew by 12.2% in 2020 and is estimated to register a growth of 16.8% to reach Rs 4.5 trillion ($61.5bn) in 2021.The COVID-19 pandemic has fast-tracked consumers’ transition to digital payments in most markets, a trend also seen in India. Rising consumer preference for online shopping, proliferation of e-retailers and emergence of new payment methods will continue to drive e-commerce growth in India.
E-commerce has transformed the way consumers shop in India, supported by increase in Internet and smartphone penetration, rise in digital literacy among consumers and government’s digital push. Over the past one year, despite a decline in consumer spending, economic slowdown and uncertainty caused by COVID-19, e-commerce sales continued to surge. While sectors such as travel and accommodation were affected due to lockdown and travel restrictions, a strong growth was seen in online purchases of retail goods such as grocery, electronics, and healthcare products. Leading e-commerce retailers Flipkart, Amazon and BigBasket have seen an increase in orders each month since the outbreak of the virus. To support non-cash payments, e-commerce companies are offering multiple digital payment options. For instance, in June 2021, Flipkart introduced quick response (QR) code-based payment for pay-on-delivery shipments, enabling consumers to switch from cash on delivery to UPI-enabled digital payment.
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2:29 Every emBy VARINDIA| 20 views
Utilizing AI for better customer experience and operational efficiency
#AI #ML
AI & Analytics automating manual tasks
Organisations in developing countries are conducting various experiments on how artificial intelligence (AI), machine learning, and advanced analytics can be used to improve the customer experience. But, right now, many companies are largely focused on leveraging these technologies to automate labour and thereby reduce operating costs. And, whether they realize it or not, that’s a risky approach. Essentially, AI is commonly and narrowly seen as a way to cut costs by automating manual and knowledge work. Cost-efficiency is a business imperative, now more than ever as radical digitization has allowed competitors to arise suddenly, unexpectedly, and disruptively. But too few companies are thinking about the new jobs they should be creating in customer-facing areas (marketing, sales, services, and so on)—jobs that AI and analytics cannot replace but should support. Whereas, the Robotic process automation can cut costs for financial services firms by up to 75 percent.
Having said that, AI and analytics are producing big improvements in quality and responsiveness by automating many manual tasks. About 40% of retailers are implementing some form of intelligent automation, according to a National Retail federation survey, and more than 80% plan to do so by 2021 by improving the customer experience in most industries and will require that humans not only stay involved but that they engage with customers in new ways. That’s where these new, intelligent technologies can be most useful: enhancing, not replacing, the human face the enterprise turns toward its customers. Going forward, Intelligent PCs will make work and play more seamless, intelligent and enjoyable. As people adapt to hybrid remote working models, technology will continue to evolve as well. AI will make PCs more seamless, customized and hassle free.
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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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क्या इजराइल, फिलिस्तीन और हमास का युद्ध विश्व युद्ध की ओर जा रहा है ? || SudarshanNews
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क्या इजराइल, फिलिस्तीन और हमास का युद्ध विश्व युद्ध की ओर जा रहा है ?
"प्रखर राष्ट्रवाद की बुलंद आवाज़"
सुदर्शन न्यूज़ चैनल आप देख सकते हैं आपको दिए हुए लिंक पर जाए और सुदर्शन से जुड़े तमाम चैनल जिसमें आप इतिहास, विज्ञान, एजुकेशन, इंटरव्यू और बॉलीवुड़ की जानकारी मिल सकती है।
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क्या इजराइल, फिलिस्तीन और हमास का युद्ध विश्व युद्ध की ओर जा रहा है ? || SudarshanNewsBy Sudarshan News| 52 views
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Bigg Boss 17 WKW Update | Karan Kundra Ki Hogi Entry, Salman Ke Samne Dikhenge
Bigg Boss 17 WKW Update | Karan Kundra Ki Hogi Entry, Salman Ke Samne Dikhenge
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Bigg Boss 17 WKW Update | Karan Kundra Ki Hogi Entry, Salman Ke Samne DikhengeBy Bollywood Spy| 145 views
The man behind the ICT's jerseys for Asian Games 2023
The man behind the ICT's jerseys for Asian Games 2023
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The man behind the ICT's jerseys for Asian Games 2023By CricTracker| 93 views
सिंह राशि जनवरी 2024 || Leo Sign January || कैसा रहेगा जनवरी 2024 || राशिफल Rashifal ||
मेष राशि 2024 Prediction 2024 Aries (Mesh Rashi) विस्तृत विश्लेषण वार्षिक राशिफल 2024 Daati Maharaj
https://www.youtube.com/watch?v=AbRIyBjh5rk&t=1926s
वृषभ राशि 2024 Prediction 2024 Taurus वृष राशि विस्तृत विश्लेषण वार्षिक राशिफल 2024 Daati Maharaj
https://www.youtube.com/watch?v=zPKTZz868YU&t=79s
मिथुन राशि 2024 Prediction Gemini मिथुन राशि विस्तृत विश्लेषण वार्षिक राशिफल Daati Maharaj
https://www.youtube.com/watch?v=BMrsX0wEUds
कर्क राशि 2024 Prediction Cancer कर्क राशि विस्तृत विश्लेषण वार्षिक राशिफल Daati Maharaj
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सिंह राशि 2024 Prediction Leo सिंह राशि विस्तृत विश्लेषण वार्षिक राशिफल Daati Maharaj
https://www.youtube.com/watch?v=6sVjyZiurOE
कन्या राशि 2024 Prediction Virgo कन्या राशि विस्तृत विश्लेषण वार्षिक राशिफल Daati Maharaj
https://www.youtube.com/watch?v=wxnQO-dfOaQ
तुला राशि 2024 Prediction Libra तुला राशि विस्तृत विश्लेषण वार्षिक राशिफल Daati Maharaj
https://www.youtube.com/watch?v=JYogqGevhyM
वृश्चिक राशि 2024 Prediction Scorpion वृश्चिक राशि विस्तृत विश्लेषण वार्षिक राशिफल Daati Maharaj
https://youtu.be/kYhNmmzoddY
धनु राशि 2024 Prediction Sagittarius धनु राशि विस्तृत विश्लेषण वार्षिक राशिफल Daati Maharaj
https://www.youtube.com/watch?v=PVQEJWOl2U0
मकर राशि 2024 Prediction Capricorn मकर राशि विस्तृत विश्लेषण वार्षिक राशिफल Daati Maharaj
https://www.youtube.com/watch?v=k-wm_bP2cGY
कुम्भ राशि 2024 Prediction Aquarius कुम्भ राशि विस्तृत विश्लेषण वार्षिक राशिफल Daati Maharaj
https://youtu.be/RJcFEbqRxhQ
मीन राशि 2024 Prediction Pisces मीन राशि विस्तृत विश्लेषण वार्षिक राशिफल Daati Maharaj
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Address by Sh. Rajeev Gupta, Secretary, Youth Affairs at "International Yoga Seminar"
Address by Shri. Rajeev Gupta, Secretary, Youth Affairs, Ministry of Youth Affairs & Sports, at the "International Yoga Seminar" organized by "Shri Ram Chandra Mission" in April, 2016
Watch Address by Sh. Rajeev Gupta, Secretary, Youth Affairs at "International Yoga Seminar" With HD QualityBy Ministry of Youth Affairs| 769078 views
IRCTC 11
CRPF signed an MoU with the IRCTC on Railway Reserved e-ticketing system
Watch IRCTC 11 With HD QualityBy CRPF India| 1123452 views
Shahid Kapoor ने Wife को विश किया Birthday :बोले- तुम मेरे दिल की रानी हो, Share कीं तस्वीरें
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Shahid Kapoor ने Wife को विश किया Birthday :बोले- तुम मेरे दिल की रानी हो, Share कीं तस्वीरेंBy LNV India| 500 views
