Emerging tech


  

Blockchain Technology Pushing the Barrier for Distributed Energy Generation in Oil and Gas

Of late, one technology that is set to transform the oil and gas sector is inevitably “Blockchain”, and the blockchain revolution is starting right here and right now.  The big task ahead for the oil and gas sector is how swiftly and successfully it can move to take advantage of the many foreseen opportunities that blockchain will bring.  For oil and gas value chain, data has gone from an asset to an unutilized overstock.  Operators and end users are diving down in data and urgently need a way to control and authenticate resourceful information.  Blockchain has tremendous potential to reduce the risk of fraud, error, and invalid transactions in energy trading, make financial transactions more efficient, facilitate regulatory reporting requirements, and enable interoperability as claimed an...

Potential Solutions to Skill India in Emerging Technology

In 4 years, India will have the world’s largest population of working people, about 87 crore in all[1]. India’s capability to utilize the opportunity that the projected demographic dividend is going to give is not assured. Our labor force or working population, the enhancers of GDP, will be outgrowing the number of people who depend on the GDP. According to a paper written by Shekar Aiyar and Ashok Mody[2], it is projected that over next two decades in India, the increasing demographic dividend could add 2% points per annum to India’s GDP growth. However, this number is dependent on the efficient policy decisions to provide a solid base for this number, and lack of such policies will turn the demographic dividend into a big disaster. One such policy investment is skilling India[3]. The pre...

Current state of AR VR in India

Do you know the growth opportunities, key players, use cases of augmented reality and virtual reality in India? See NASSCOM’s report ‘Growth Of Immersive Media- A Reality Check’ to know more.

Why It’s Important for Edge Computing to be Open Source

The lid has been blown off the data center, and edge computing is poised to become the dominant paradigm.  Consisting of the robots on a factory floor, small servers that are hundreds of feet in the air inside wind turbines, blast-proof servers in an oil field, and many other devices everywhere, edge computing is set to overshadow both cloud and the datacenter as the dominant data driver.  According to one analyst firm, 45 percent of IoT-created data will be stored, processed and acted upon close to or at the edge of the network in 2019.  Another analyst predicts that 75 percent of enterprise-generated data will be created and processed at the edge by 2022.  For the next 5 years, ARC Advisory Group forecasts almost 25% annual growth for edge software platforms. While major vendors may see ...

Growth Of Immersive Media- A Reality Check

The report provides an assessment of the current market for Immersive Media both globally and in India. It covers a brief Introduction & Evolution of Immersive Media, Ecosystem Players, Market Size and Growth Estimates, Key Applications and Use Cases, Analysis of the Indian Market, Key demand drivers, Factors limiting growth, along with the key recommendations that may propel the growth of the Immersive Media market in India. Key Findings Global Market Global IM market is estimated at USD 18.4 Bn in 2018 projected to grow at 76% CAGR to reach USD 179 Bn by 2022 While currently, USA is the leading market accounting for ~1/3rd global market share, by 2022, China, Japan, Germany and UK are projected to emerge as key markets with significant spending in IM India Market IM Market in India i...

Increase Your Business Potential Using Blockchain Technology

Often owning a dealership business does not pay you back the way you had hoped it would. For instance, there can be times where you have served a lot of clients but gained nothing more than a few bucks. This is often normal because of the human error, procedural delays and inefficiency due to lack of technology. But would you not like to eliminate these mistakes and boost your business with the help of digital transformation. You would be surprised to know that with the next-gen technology blockchain, this is quite true. What is blockchain? The blockchain technology records the transactions to a digital lender where it is not possible to change or alter them. They are linked with the help of cryptography. The information on the blockchain can be verified easily and is open to the public. A...

AVASANT-NASSCOM India Blockchain Report 2019

The National Association of Software and Services Companies (NASSCOM) launched the findings of the AVASANT-NASSCOM India Blockchain Report 2019, which highlighted the developments in the global and Indian Blockchain market and ecosystem. The report has been developed extensively by incorporating inputs from over 50 industry leading experts and participants of the Blockchain ecosystem. The transformational potential that blockchain possesses has been recognized by enterprises and governments across the world and more than 50 countries have already embarked on initiatives to integrate the technology in their economies, and develop a holistic environment for the same. According to the report, the past year has witnessed a massive surge in investments in blockchain based companies and startups...

SMB and Startups – Engine of Growth and Aspirations

Nascent companies that are in their infancy will work as a mainstream media. What separate the startups from traditional businesses is the capacity to take an idea scrawled into the business for attracting investors and venture capitalist. Large corporations make investments including acquisition & merger in Startups but finds it difficult to venture organically into developing such solutions. It’s interesting to know pretty facets of life that undergoes transformation and not change. Technology-led disruptions are one among the key to this transformation. These disruptions stunned everyone in their own manner whether in personal, social, political, or economic. It’s possible for startups to be an SMB, where nimble and well-funded people need to prepare to push into established markets...

Analytics-Driven Business Improvements Entice Enterprise Cloud Providers to Bring Hardware to Industrial IoT Edge

Enterprise cloud providers, such as AWS, Google, and Microsoft, are targeting the data-rich industrial IoT edge as a primary means of delivering analytics-driven business improvement.  The industrial IoT edge is where most of the data necessary for analytics resides, plus there is tremendous value in providing preprocessed analytics output to the cloud – if not executing closed loop ML at the edge itself, even in real-time. Cloud providers are positioning edge offerings to their IT customers based on a common edge development environment and availability of large developer and support ecosystems relative to dedicated automation environments.  Extending their reach to the edge further allows cloud providers to leverage their strengths in data architecture, integration, and security.  One of...

Best Practices with Blockchain in Industry

Blockchain technology has found industrial applications with clear business benefits.  Independent entities with common interests and pain points have improved their operational performance by sharing trusted, immutable data with rapid visibility.  Applying Blockchain in industry provides the infrastructure for applications to manage owner-ship, which includes: Identify the asset Identify the owner Secure transfer of the asset from one owner to another Visibility by all participants The decentralized governance in blockchain removes the need for a central authority or third-party intermediary like a broker.  These types of entities typically silo the data with limited access by others and require manual methods for sharing (FAX, email or letter). Blockchain provides immediate electronic ac...