22 search results for "ai for all"

NASSCOM’s suggestions to address the KYC challenges faced by Prepaid Payment Instruments (PPIs)

Context The fintech industry continues to grapple with challenges around e-KYC. The recent circular from Ministry of Finance, dated May 9, 2019, has been much appreciated by the industry. However, the same has been rendered ineffective due to certain requirements in the circular and a lack of common understanding between the regulators and the Unique Identification Authority of India (UIDAI) with ...

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 ca...

AI leading the IP creation wave for companies globally; India’s innovation story is no different

Artificial Intelligence (AI) seems to be becoming synonymous with innovation in the technology arena. The concept of AI was first introduced in 1950s, notably it has picked up steam only in the last few years. The Global Story A recent study by WIPO (World Intellectual Property Organization) reported that more than 340,000 AI related patents have been filed across the globe between 1960 and early ...

AI for an Eye Makes The World Better For The Visually Impaired

The world has 285 million visually impaired people – of these, 39 million are blind, and the remaining have varying degrees of impaired vision. And as the world population grows, as will the numbers of visually impaired individuals. Lancet Global Health estimates that the number of blind people in the world is set to triple by 2050. While in some cases, partial impairment can be treated or even pr...

NASSCOM signs MOU for a Strategic partnership with Business Sweden to foster Indo-Swedish Innovation for Sustainability & Global Challenges.

NASSCOM signed an MOU for a Strategic Partnership with Business Sweden to foster Indo-Swedish innovation in areas of sustainability and global challenges. The program UNNATI is a by-product of the visit of Hon’ble PM of India, Shri Narendra Modi’s to Stockholm last year, wherein he signed a ‘Joint Declaration on Innovation Partnership for a Sustainable Future’ with the Swedish PM Stefan Lofven. UN...

Why Digital Propulsion Is The Answer to India’s Growing Healthcare Challenges

In the 16th century, the Portugese brought modern medicine to India, with the French and British establishing India’s first hospitals in mid-17th century in erstwhile Calcutta and Madras. Today, there are more than 196,000 hospitals in India. As of 2016, the Indian healthcare market stood at $110bn and can reach $280bn by 2020. The healthcare industry has grown by leaps and bounds – not only has i...

Ceiling Fan Fallacy: 3 Reasons Why Spurious Pesticides Menace Will Never Go Away

Have you heard of the story of Procrustes from Greek Mythology? Procrustes (“Stretcher”) was the nickname of Damastes, a rogue smith and bandit, who owned a small estate in Atticca of Ancient Greece. He earned his notorious nickname from a bizarre hospitality ritual he inflicted on his unwilling passer-by guests who passed by his estate every night. At first, he invited them to join hi...

Role of Blockchain in transforming India’s Multi-modal transportation

With rapid urbanization over the last few decades, there is a significant need to redefine India’s mobility system. In this article, I am going to share my perspective on the challenges around the implementation of multi-modal transport in India and assess whether blockchain as an enabler is a right fit in the ecosystem. Why do we need multimodal transport? Major Indian cities are now consistently...

Blockchain This Week: RBI Sets Up Blockchain & Cryptocurrency Research Unit, Microsoft To Use Blockchain To Curb Spam Calls, And More

Important Developments In The Indian Blockchain Ecosystem This Week RBI Sets Up Blockchain And Cryptocurrency Research Unit The Reserve Bank of India (RBI) has formed a unit that will research and possibly draft rules and supervise new emerging technologies such as blockchain and cryptocurrency. Although the Indian government is taking strides towards the use of blockchain — a distributed ledger t...

GST portal allows companies to file consolidated refund claims for multiple tax periods

Addressing an important request from NASSCOM and the technology industry, the GST portal has recently allowed companies to file consolidated refund claims for multiple tax period instead on monthly refund claim.  You would recall that through a circular (37/11/2018 – GST dated March 15, 2018),  it was clarified that an exporter, at his option, may file refund claims for one calendar month/ quarter...

Deployment Challenges & Best Practices of AI implementation in Financial Services

Overview Artificial Intelligence is expected to have profound impact on almost all the industries and Banking & Financial Services is no exception to it. Banks are trying to deploy a combination of AI technologies like machine learning and predictive analytics to provide personalized and contextual services to customers. Deployment Challenges Like any other new technology there are many issues...

How Secure is Blockchain Really? Improve the Security of Blockchain Now!

The whole world has now turned around its head towards ‘Blockchain’ but is that secure as you think?   With enormous benefits, Blockchain is now ruling the world. It takes control on almost all fields, starting from banks to government. Blockchain attracts every modern marketer and businessman now-a-days. But there are still a few marketers and people who are involved in immense financial exchange...

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