IOT/AI


  

Innovate2Transform: Axis Bank Addressing Financial Crime Management With AI & ML

India’s banking industry has been one of the most resilient and transformative industries in recent times. One cannot overlook the tremendous impact of technology on banks in the recent decade. India’s digital payments ecosystem is among the most advanced in the world, with its Immediate Payment Service (IMPS) being the only system at level 5 in the Faster Payments Innovation Index (FPII). With 27 public sector banks, 21 private sector banks, 49 foreign banks, 56 regional rural banks, 1,562 urban cooperative banks and 94,384 rural cooperative banks and numerous cooperative credit institutions, India’s banking system is expansive. Majority of these banks have undergone a massive digital transformation over the years. This transformation involved migration from decade-old systems and practic...

Innovate2Transform: Internet of Things Bringing In A Sea Change

“2019 will be the year of transformation for IoT in shipping” – Ronald Spithout, president, Inmarsat Maritime Based on research commissioned by the mobile satellite communications company, the average expenditure per business on IoT-based solutions will amount to US$2.5 million over the next three years, in sectors like maritime, transport & logistics (T&L), energy, mining and agriculture. IoT-based solutions will attract a larger share of their IT budgets than any other ‘next generation’ technology, while early analysis of other segments places maritime ahead of energy, agriculture and mining.” Of the 750 respondents surveyed in the report, 51% claimed that revenue generation is not a leading factor to be considered, but 75% attested to IoT playing a key role in aiding savings. 65...

Internet of Things (IoT)

Contents Internet of Things (IOT) Birth of IOT Introduction to IoT Benefits of IoT IoT Across Various Domains How Big is IoT? Key Global and India Market Trends Real World Applications of IoT Smart Home Wearables Connected Cars Industrial Internet Smart Cities IoT in Agriculture Smart Retail Energy Engagement IOT in Healthcare IoT in Poultry and Farming Impact of IoT on technology services (IT, BPM & ER&D) NASSCOM Members NASSCOM Reports

Up Close and Personal With Hardware IoT Startups

A recent Bangalore Roundtable with hardware IoT startups provided us with an opportunity to get a better understanding of the ecosystem and how things were panning out. Almost unanimously, the participants decried inadequate access to long-term capital, particularly in the early stages. For one, their sales cycles are stretched and even a window of 9 – 10 months isn’t uncommon, thus putting severe strains on working capital. Ramji Rengarajan, the founder of MatrIoT which operates in the industrial segment and makes smart shelving solutions for effective supply chains lamented, “The criticality of these products aren’t felt as much as we would like.”  He went on to add, “The idea of inventory optimization cost is not seen in the same light as it is in other parts of the world”. “Technologie...

AI For Good: The Road To Safety With Netradyne

Road safety is a major concern in India and across the globe. With increasing urbanization, higher vehicular density on the roads and bumper to bumper traffic, there is a strong need for continuous observation of traffic while on the move. Technologies like ADAS by definition are designed to assist the driver in this task and traverse the journey with safety. WHO’s Global status report on road safety 2015, reflecting information from 180 countries, indicated that worldwide the total number of road traffic deaths stood at 1.25 million per year. With the number of accidents going up by the day it is crucial that we try to address the issue of road safety. There is significant human cost involved with India alone responsible for 135, 000 traffic related deaths every year. Positively modulatin...

AI-Based Digital Twins: The Modern Factory’s Newest Ally

In a multi-million dollar manufacturing plant, process flow is critical for optimum results and maximum productivity. A single bottleneck can disrupt workflow, interfere with the functioning of multiple processes and result in losses for a manufacturer. Aberdeen Research states that 82% of companies have experienced unplanned downtime, caused mostly by industrial bottlenecks. Unplanned downtime can cost a company nearly a quarter of a million dollars an hour! Bottlenecks are caused by a number of reasons – namely, congestions during product flow, an overworked resource, a manufacturing process that lacks throughput, temporary blockcades and operations impeding production.  These examples are commonly witnessed in manufacturing plants, and the ongoing challenge for plant operators is to ens...

Innovate2Transform: Innovation Relies On Collaboration Between Enterprises and Startups

Until a few years ago, the buzz around deeptech was in limited circles. Technologies like AI and computer vision among others were restricted to research labs, educational institutions and select technology companies. Today, the scenario is wildly different. Innovation is at an all-time high, evident from the mushrooming of product startups, technology-aware investors, incubators and of course, a strategic advancement in deep tech innovation by enterprises. Ahead of countries like UK, Germany and Israel, India is the third largest startup ecosystem in the world. Enterprise SaaS, and deep tech startups are largely responsible for India’s status catapulting as an innovation hub. Globally, there are around 3,500 AI startups, based on data from Statista. In India, there are atleast 700 advance...

Sensing Your Business’ Needs On The Go

The surge in connected devices world over has led to exploring myriad possibilities in digital transformation of businesses. It has now become possible to easily monitor, control and optimize workflows and processes through the power of IoT. Additionally, the reams of data generated from every device within a network can now be understood and decoded better with the help of analytics platforms and AI. Several industries are already reporting billions of dollars-worth profits thanks to digital intervention methods – banking and financial services, transport, retail and manufacturing to name a few major industries. Other industries are following suit, and investing keenly in technologies to understand how their businesses can benefit. Cold-chain logistics is one such industry sector whose as...

Agritech Case Study Series: Samudra Network

BASIC DETAILS Product Name:  Samudra Network Name of Organization:  Samudra Network At the helm:  Rajiv Bhatia & Sneha Lakshman Year of Incorporation:  2019 Website:  www.samudranetwork.com Core technology used: Android Mobile & Internet front end, backend database technologies. Exploring Blockchain for traceability & provenance. PROJECT DETAILS 1. Tell us about your product/solution in brief. Samudra Network is a winner of Startup India & GOI Ministry of A&FW – Agriculture Grand Challenge. We are working on two solutions for Farmer Producer Organizations (FPO), Co-operatives, Federations, Agri Enterprises  and the wider agri value chain. The first solution is a FPO Digitization solution which includes mobile applications and dashboards for the FPO / Federation / ...