Uber, the world’s largest on-demand ride-sharing company, revealed the top trends of 2017 – interesting data backed insights on how Uber and Uber Eats has touched millions of Indians this year.
Amit Jain, President, Uber India and South Asia said
In 2017, we were focused on moving from a startup to a sustainable business in India. As a result, we recorded double-digit growth and continue to clock over a million trips a day. With a vision to de-congest cities, we launched products that encourage ride-sharing and complement public transportation through reliable first/last mile connectivity. We are excited to see Uber become a preferred mode of commute, leapfrogging car ownership in India. A big thank you to our riders and driver partners for being a part of our journey.
Ten interesting facts about Uber and UberEATS in India
Uber’s busiest day in India is Friday and the busiest hour of the week is 6 p.m. when riders are perhaps making a speedy get away from work. The most Ubers were taken on the August 11, which also happens to be pre-Independence Day Friday.
Rider from Delhi, NCR has taken the highest number of Uber rides – 1,969 trips in 2017, that’s almost 5 trips a day!
uberGO is the most-popular product among riders across the country.
Uber riders believe ride-sharing can help de-congest cities. Bengaluru and Hyderabad saw the highest number of uberPOOL trips taken by riders in 2017, followed by Kolkata and Delhi. A female rider in Hyderabad took a record 1,162 uberPOOL trips this year.
Uber India celebrated one year of uberMOTO and completed over 2 million trips in July 2017. A female rider in Delhi, NCR has taken the highest number of uberMOTO trips.
Indians love to travel, and so wherever they went, they preferred to book a ride using the Uber App. Riders from India took Ubers in 566 cities across 80 countries. The most-popular travel destinations include U.S, Singapore, Malaysia, U.K and UAE.
A driver partner from Delhi has been driving using the Uber App for over 4 years and 2 months, making him the longest standing driver partner in India in 2017.
Uber hit the 500 millionth trip milestone on July 17 this year. Riders and driver-partners have travelled over 5.8 billion KMs together.
On May 20, Uber completed 5 billion trips globally. India emerged as the second-largest contributor to the global milestone, after the U.S. Driver partners across Bengaluru, Chandigarh, Chennai, Hyderabad, Jaipur, Kochi, Kolkata, Lucknow, Mumbai and Pune simultaneously clocked the 5 billionth trip.
UberEATS expanded into 6 cities in 7 months in India. Highest number of orders we made on June 18 and the most ordered dishes on Uber Eats were Samosa Chole, Aloo Tikki Burger and Chicken Biryani. While Indian cuisine continued to top the list of most ordered cuisines by Indians, it was closely followed by Middle Eastern and American. Cairns, Adelaide, Bangkok, Gold Coast and New Castle were five other cities that enjoyed Indian food.
To celebrate the journeys of riders, consumers, drivers and courier partners, the company also announced the launch of Year With Uber – an interactive and shareable visualization of the way people moved across cities.
Launching across Asia-Pacific, Year with Uber turns trip data into personalised, animated music videos, bringing to life memorable moments from Uber trips over the past 12 months. It offers a trip down musical memory lane through a data-driven experience that turns their Uber trip history into a personalised year-in-review music video. Each video is created with scenes informed by a rider’s riding patterns, making the music video unique to them.
According to Sanjay Gupta, Head of Marketing, Uber India,the campaign aims to bring together data and moments, among them Indian cultural elements and festivals.
We are excited to launch a campaign that takes inspiration from the everyday experiences of our riders across over 100 cities in the Asia-Pacific region, including 29 cities in India.
A first for Uber, this modular experience features over 5,000 possible story combinations, bespoke song and lyrics, and humorously-crafted animations. Riders in India can take a look back at their own #YearWithUber here
Truecaller released their annual Year in Calling statistics that give a dive into the rise of spam calls throughout the year in different parts of the world.
The Year in Calling report has anonymously aggregated data from the app’s most popular features showcasing how the app has saved millions of users from spammers, and even has fun facts like what countries are the most talkative and what are not. Truecaller says over 10 billion calls [up 5x compared to last year] were made using the app since the beginning of the year, and over 40 million unique spam numbers were identified by Truecaller users.
In comparison to their 2016 report, Truecaller has added their newest feature, SMS messaging. Launched in April, Truecaller’s SMS app has added an an extra sense of protection from known spammers that plague phones with unnecessary advertisements, scams, or harassment. The unique features of the SMS app filter junk SMS into a separate folder for the user to quickly switch back and forth if they want to view how many spam messages Truecaller identified. Since launch, Truecaller users has sent over 639 million SMS, and has helped its users to identify and block over 3 billion spam SMS.
The report also revealed
Somalia is for the second year in a row the country that makes the most calls per person. The average Truecaller Somalian user makes roughly 19 calls per day, and receives 14 calls. In contrast, Argentina doesn’t seem to talk very much on the phone – they slide in last place with their incoming and outgoing calls.
The top tags around the world are banks, doctors, telcos, real estate brokers, and taxis. The tags most popular last year was restaurants and hotels.
The country that sent the most SMS around the world was Tazania. The average user from Tanzania sends approximately 10 SMS per day, and receives about 16! And Chile sent the least.
It seems that 2017 was the year of the telcos, because one number in Nigeria connected with a telco made 38 million calls. In India, another telco made 31 million calls from just one number.
Another telco sent over 53 million spam SMS to their customers in India.
Throughout the year, Truecaller has been releasingTruecaller Insights data reports on a regular basis which dive in various statistics of spam call patterns like Top Countries Affected by Spam Calls, e-commerce competition, banking, and other insights.
The collaboration will allow IIT-Delhi to leverage Nokia’s technological leadership and expertise in communications networking to conduct research in these areas. The talented students and faculty of India’s premier institute will work in projects with Nokia’s top technical minds to explore ways to make networks more efficient and reliable.
With networks becoming increasingly complex and data use growing exponentially, efficiency and quality related challenges must be addressed pre-emptively to boost network performance and make services real-time. Under the collaboration, IIT-Delhi research scholars from the applied mathematics, statistical and computer science fields will work with Nokia in India to develop software modules based on AI algorithms with machine learning, deep learning and predictive analytics. The aim of this collaboration is to help Nokia enhance its service delivery to be even more efficient and reliable. The self-learning and pre-emptive capabilities will also help Nokia’s service delivery to be 5G ready.
We are delighted to work with Nokia in emerging and exciting areas of technology. Working with major technology firms like Nokia allows us to develop new capabilities in advanced technologies. The collaboration will not only provide crucial exposure to our students in the new technologies but will also enable them to put theoretical topics, like analytics, to practical use.
Amit Dhingra, vice president of Global Service Delivery at Nokia, said
We are pleased to work with some of the brightest minds of the country at IIT-Delhi. Collaboration with universities and educational institutes fosters innovation and can help resolve complex challenges our industry is facing. New technologies require fresh thinking and working with the scholars of IIT-Delhi will allow us to push the boundaries of what is possible; the collaboration will help us to prepare for the future, for which skills in analytics and artificial intelligence are essential.
The MOU is part of the University Connect initiative of Nokia’s Global Service Delivery, which through its innovations and expertise helps global telecom operators to enhance the quality, efficiency and speed of their networks and services. The Indian Institutes of Technology are of national importance and continue to make an immense contribution in the field of science and technology, but there are limited human resources in these emerging technological areas and this collaboration will help bridge the gap.
Microsoft India showcased several projects that make use of the company’s cloud-based artificial intelligence, cognitive services and Internet of Things [IoT] technologies that can change the way citizens, enterprises and governments engage in healthcare services, agricultural practices, education and everyday work.
Many of these applications are being tested out or used in the Indian states of Andhra Pradesh, Karnataka, Telangana, Punjab, Tamil Nadu and Haryana among others. The company also put the spotlight on use of artificial intelligence in Indian language computing.
Sriram Rajamani, Managing Director of Microsoft Research India, said
These AI, cognitive technologies and IoT applications can help in India’s inclusive growth. The world is today powered by an intelligent cloud and the intelligent edge. We are constantly pushing the boundaries of technology to benefit society. We are committed to ensure that technology is defining and shaping the future, and is a combination of unbridled innovation and digital inclusion.
Some of the examples of transformative technology for a Digital India showcased were
ProjectFarmBeats:Microsoft FarmBeats is a research project for agriculture that enables seamless data collection from various sensors, cameras and drones. It comprises two broad areas viz., a, data-acquisition system consisting of drones and sensors and a data-analysis system consisting of connectivity pieces, cloud storage, and predictive analysis.
AI for farming: Microsoft and ICRISAT announced the results of the second phase of the pilot of their AI-based Sowing App for farmers. The program was expanded to touch more than 3000 farmers across the states of Andhra Pradesh and Karnataka during the Kharif season of 2017 for a host of crops including groundnut, ragi, maize, rice and cotton, among others. The increase in yield ranged from 10% to 30% across crops. The Sowing App was developed to help farmers achieve optimal harvests by advising on the best time to sow using data about weather conditions, soil quality and other indicators.
Commenting on this season’s results,Dr. AVR Kesava Rao, Honorary Fellow and Senior Scientist, Agro-climatology, ICRISAT,said
We are excited about the results that have emerged from the use of the Sowing Application and Personalized Village Advisory Dashboard. We have strengthened our partnership with Microsoft to help small holder farmers and give a boost to our AI-powered agriculture initiative in a big way. The application of the Intelligent cloud is a significant start for digital agriculture and we look forward to expanding this further.
HAMS [Harnessing AutoMobiles for Safety]: A virtual harness for vehicles that focusses on two factors that are critical to road safety—the mental state of the driver-including distraction and fatigue, and his /her driving relative to other vehicles. It employs the front and back cameras of a dashboard-mounted smartphone, the phone’s GPS and inertial sensors, and an On-Board Diagnostics [OBD-II] scanner. Project HAMS is being used by Institute of Driving and Traffic Research [IDTR] – a joint venture between the Department of Transport of State Governments and Maruti Suzuki India.
Interactive Cane:This AI-powered Interactive Cane to aid people with visual impairment. Microsoft Research is experimenting by adding several sensors to existing canes, and adding gesture recognition to the cane. Interestingly, Microsoft Research is doing these using sensors added to the cane, and an AI agent on a micro-controller with very low resources on the cane itself, thereby making the cane an intelligent edge device. We believe that more such applications of ML on edge will become feasible in the coming years.
IoT monitoring of water quality:Authorities across states have turned to IoT to monitor drinking water quality for its citizens. Indian ISV TechSpan Engineering has implemented a monitoring system built on the Azure IoT platform, using sensors provided by the Austrian firm s::can and their India Partner Aaxisnano. Using the power of the Microsoft cloud, IoT and data, the solution taps into the robust s::can sensors to provide measurements across 17 parameters – from Chemical Oxygen Demand [COD] and Biological Oxygen Demand [BOD], Chloride and Fluoride levels to temperature and color. The solution is currently being used for
Monitoring drinking water quality online by the Bangalore Water Supply and Sewerage Board [125 stations] and Karnataka Urban Water Supply and Drainage Board [KUWSDB] in Hubli–Dharwad & Bijapur [3 stations],
Online surface water quality monitoring by Central Pollution Control Board, New Delhi [44 stations] and Central Water Commission, New Delhi [3 stations]
Online sewage treatment and flow monitoring by Delhi Jal Board [36 stations]
Smart Lighting in Jaipur:Microsoft Azure IoT is also powering India’s first Smart Street Lighting Project for the pink city of Jaipur, underscoring Microsoft’s mission of transforming public spaces digitally. The Jaipur Municipal Corporation [JMC] operates and maintains over 100,000 public street lights within the city. However, one of three in these lamps did not work and many others functioned poorly, leading to several areas of the city being in the dark. Microsoft’s partner Samudra LED has now deployed a customized Microsoft IoT-platform-based solution created by ISV Precimetrix to monitor, control and manage smart LED public street lights. The project will benefit 1.65 million people through improved street lighting and a reduction of greenhouse gas emissions by 36,750 metric tons/year. It will also result in $1 million per year in fiscal savings accrued to the government due to reduced energy consumption.
AI for local language computing: Starting with Project Bhasha in 1998, Microsoft has been consistently working to provide local language computing in Indian languages. Microsoft Office and Windows support 11 Indian language scripts and overall supporting 22 Indian languages. Bing allows users to browse in nine Indian languages. With the help of its AI technologies, Microsoft is now making translation and speech recognition across several Indian languages. Here are a few examples:
Microsoft’s SwiftKey, which allows text input in as many as 24 Indian languages and dialects including Marwari, Bodo, Santali and Khasi, brings AI in the keypads to enable faster, predictive writing. It also allows mixed language typing in English and Hindi
Indian English and Hindi speech recognition is available as part of Microsoft Cognitive Services as well as Bing App for Android
Text to speech translations currently includes such capabilities in Hindi and Tamil on Microsoft Narrator, on Windows 10.
Microsoft PowerPoint uses AI to translate full presentation decks from English to Hindi, Bangla and Tamil.
NetApp, the data authority for the hybrid cloud, announced the graduation of its first cohort of six startups during the NetApp Excellerator Demo Day. Located in the heart of Bengaluru’s technology neighbourhood, the NetApp Excellerator program is NetApp’s first ever startup accelerator, designed to help enterprise startups to achieve their full potential through mentorship with one of NetApp’s largest R&D teams.
NetApp mentorship helped us focus our market research, and identify the right target market and target customers we could go after. Offering us the support of its large and experienced sales machine, NetApp made the program even more compelling. Our new-found status as a NetApp Alliance Partner has given us a sure foothold in the data driven enterprise domain.
The first NetApp Excellerator Demo Day event commemorated the completion of the first cohort, all six participating start-ups : Lightmetrics, Adya, Vaultedge, Vitacloud, Enclouden and Scalend, demonstrated their achievements & progress to venture capitalists, NetApp executives and prominent industry leaders present. Sports icon and entrepreneur, Anil Kumble, was the guest of honor for the demo day event held at the NetApp campus in Bengaluru. The event marked the culmination of the first cohort’s technology and market acceleration journey. Now as alumni, the startups will have continued access to mentorship and go-to-market opportunities with NetApp, as well as eco-system connects. They will also share their experiences with startups in the future cohorts.
Ajeya Motaganahalli, Director and leader of the NetApp Excellerator program, said
With our rich history of innovation and expertise in data management, we have been able to provide the right mentorship, both technical and sales related, to the startups in our first cohort. We leveraged expertise from across NetApp to help the six best startups selected from the 250 applications received. In addition, we got them the best-in-class global industry experts to help them qualify the target markets better and supplement their technical capabilities.
Strong mentorship helps build credibility and confidence for the participating startups. For example, during their time in the program, one participant, Adya, raised an angel round of funding to the tune of USD 250,000.
Commenting on the program, Deepak Visweswaraiah, Senior Vice President & Managing Director, NetApp India said
Mentoring the start-ups in our very first cohort was a valuable learning experience for us. It allowed us to reconnect with the startup that we remain at heart. We will continue to support the startups through the NetApp Excellerator program and provide them with the best ecosystem to achieve success.
Applications for the second cohort are now open. Selected startups will receive technology and business mentorship as well as access to markets and investors to realize the full potential of their ideas and products in the global market place. Applications are invited from startups working in the areas related to IOT, cloud, big data and analytics, machine learning, virtualization, data security, storage and data management, and other adjacent areas. To know more please visit http://startup.netapp.in/
About NetApp Excellerator
The NetApp Excellerator Program has been designed to help start-ups create innovative world-class products and solutions that are market-ready. The program enables start-ups to use NetApp expertise and its ecosystem of partners, subject matter experts and customers to realize the maximum potential of their innovative ideas. Startups that are selected will have access to NetApp platforms and technologies, tools, co-working space, HR, marketing, legal and tech support. NetApp will provide an equity free grant of USD 15,000 to these startups upon completion of the program. The startups own their IP and NetApp would not seek a stake in the same. For more information on this program and to apply, please visit http://startup.netapp.in; follow #NetAppExcellerator
Simplilearn, the digital economy training company has launched three new age courses in Machine Learning, Digital and Social Selling and Blockchain. Through these new courses, Simplilearn is positioned to help professionals and enterprises stay relevant with the latest skill sets relevant for the digital age.
Businesses today are at the crux of digital transformation, and the adoption of newer technologies is disrupting the way companies function. As we witness the rapid pace of change brought about by this digital transformation, we continue to help our students and enterprises adapt to the demands of the digital age by gaining new skills. Our exciting new courses were developed to meet the growing need for digital skills across enterprises and to create new career opportunities for our students.
The new Machine Learningcourse was developed in response to the rapidly growing Machine Learning market. According to a research by Markets and Markets, the spending on machine learning technologies and applications is expected to grow from USD 1.03 billion in 2016 to USD 8.81 billion by 2022, a compound annual growth rate of 44.1 percent. The course is offered through an instructor-led classroom model with hands-on application of algorithms in machine learning. The course is designed for aspiring data scientists and machine learning engineers.
The Digital and Social Selling course is designed to help professionals and enterprises leverage advanced digital tools and techniques to drive faster conversions and generate higher returns. Students get hands-on exposure to modern CRM and sales intelligence tools. This course is ideal for sales and marketing professionals.
Blockchain technology is used to manage digital currency assets worldwide. Simplilearn’s Blockchain course provides a deep understanding of blockchain technology, including the emerging trends in blockchain innovation. This course is designed for web developers and those who need to understand Bitcoin transactions.
About Simplilearn
Simplilearn is the world’s largest provider of short term certification courses that addresses the unique learning needs of working professionals. Having trained over 4,00,000 professionals worldwide, it provides unmatched customer experience, which handholds a customer-right from enrolling into an online course to getting Industry-recognized certificate in hand. For more information, please visit SimpliLearn
Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. released its key business and Technology Trends for Asia Pacific in 2018. These trends are jointly predicted by Hubert Yoshida, chief technology officer, and Russell Skingsley, chief technology officer Asia Pacific.
The adoption of IoT platforms will dominate enterprise IT strategies in 2018, alongside a number of other areas. Yoshida & Skingsley have identified ten key trends for the Asia Pacific technology market in 2018.
IT will adopt IoT platforms to facilitate the application of IoT solutions
IoT solutions deliver valuable insight to support digital transformation and are rapidly becoming a strategic imperative in almost every industry and market sector. IT must work closely with the operations side of the business to focus on specific business needs and define the scope of an IoT project.
According to Yoshida
Building IoT solutions that provide real value can be difficult without the right underlying architecture and a deep understanding of the business to properly simulate and digitalize operational entities and processes. This is where the choice of an IoT platform and the choice of an experienced service provider is important.
According to Skingsley
Enterprises should look for an IoT platform that offers an open, flexible architecture that simplifies integration with complimentary technologies and provides an extensible “foundry” on which to build a variety of industry applications that companies need to design, build, test, and deploy quickly and with minimal hassle.
Object storage gets smart
Enterprises started their digital transformation this year but the first problem that they ran into was the ability to access their data. Data is often locked in isolated islands that make it costly to extract and use. These islands were built for purpose and not to be shared, and many contain data that is duplicated, obsolete or no longer used because of changes in business process or ownership.
According to Skingsley
Data scientists tell us that 80% of the work involved in gaining analytical insight from data is the tedious work of acquiring and preparing the data. The concept of a data lake is alluring, but you can’t just pour your data into one system, unless that data is properly cleansed, formatted and indexed or tagged with metadata so that the data lake is content aware. Otherwise you end up with a data swamp.
While object storage can store massive amounts of unstructured data and provide metadata management and search capability, the ability to be context-aware is missing. Object storage now has the ability to be ‘smart’ with software that can search for and read content in multiple structured and unstructured data silos and analyze it for cleansing, formatting and indexing.
According to Skingsley
Hitachi Content Intelligence can extract data from the silos and pump it into workflows to process it in various ways. Users of Content Intelligence can be authorized so that sensitive content is only viewed by relevant people and document security controls are not breached. Content Intelligence can create a standard and consistent enterprise search process across the entire IT environment. It can connect to and aggregate multi-structured data across heterogeneous data silos and different locations and provides automated extraction, classification, enrichment and categorisation of all of an organisation’s data.
Analytics and artificial intelligence
2018 will see a growth in analytics and artificial intelligence (AI) across the board as companies see real returns on their investments. According to IDC, revenue growth from information-based products will double the rest of the product and services portfolio for a third of Fortune 500 companies by the end of 2017.
According to Skingsley
AI became mainstream with consumer products like Amazon Alexa and Apple Siri, and Hitachi believes that it is the collaboration of AI and humans that will bring real benefits to society. Through tools like Pentaho Data Integration, our aim is to democratise the data engineering and data science process to make Machine Intelligence – a combination of Machine Learning and AI – more accessible to a wider variety of developers and engineers.
Pentaho’s machine learning orchestration, with integrations for languages like R and Python and for machine learning technologies like Spark MLlib, are steps in that direction. Lumada, Hitachi’s IoT platform, enables scalable IoT machine learning with flexible input and outputs, standardises connections that can automatically configure and manage resources, and is compatible with Python, R and Java for machine learning.
Wider adoption of video analytics
Video content analytics will be a ‘third eye’ for greater insight, productivity and efficiency in a number of domains beyond public safety. Algorithms that automatically detect and determine temporal, spatial and relational events combined with other IoT information, like cell phone GPS and social media feeds, to apply to a wide range of businesses like retail, healthcare, automotive, manufacturing, education and entertainment.
Yoshida believes that video can provide unique functions like egomotion – 3D motion used in autonomous robot navigation – behavior analysis and other forms of situational awareness.
According to Yoshida
Retailers are using video to analyze customer navigation patterns and dwell time to position products and sales assistance to maximize sales. Video analytics relies on good video input so it requires video enhancement technologies like de-noising, image stabilisation, masking and super resolution. Video analytics may be the sleeper in terms of analytics for ease of use, ROI and generating actionable analytics.
Extension of agile methodologies across the enterprise
Digital transformation is all about efficiency and working together to drive faster and more relevant business outcomes. This is why more information technology organizations are adopting agile methodology.
IT organizations have a legacy of siloed operations with server, network, storage, database, virtualization, and now cloud administrators passing change notices back and forth to deliver a business outcome. In fact, many would argue that IT was more focused on IT outcomes and not business outcomes.
According to Skingsley
Even when data centers used technology to create shared data repositories to break down the data silos, the different functions were still focused on their own objectives and not on the overall business objectives. Now with cross functional teams using iterative agile sprints of two to four weeks, IT can focus on relevant business outcomes and deliver it more efficiently.
Under the leadership of Chief Information Officer, Renee McKaskle, Hitachi Vantara has been using agile methodologies over the past two years to drive digital transformation, and the results have been highly impactful.
According to Yoshida
Agile provides us with a nimble approach, where small cross functional teams, with a clear direction and strategic milestones, can iterate through short sprints to ensure alignment across the board, communicate effectively, and focus on problem solving and achieving our common business goals.
He also noted that 2018 will see more enterprises move to agile and DevOps in software development, with agile methodologies being used across the enterprise.
Data governance 2.0
2018 will see new challenges in data governance which will require organizations to implement new frameworks. The biggest challenge will come from the General Data Protection Regulation [GDPR], which will give EU residents more control over their personal data. This regulation will drive up costs and increase the risks involved in collecting and storing personal data. Violations of the GDPR could face fines totalling up to USD 21.75 million, or 4% of EU’s total annual worldwide turnover of the preceding financial year.
Skingsley commented
Previous data governance was based on the processing of data and metadata. New data governance must now consider data context. If a user invokes their right to be forgotten, a company must be able to locate that individual’s data, eradicate it and provide proof that this has been done. GDPR’s mandatory breach notification of within 72 hours also means organizations face a very short window to respond.
The ability to do this is impossible if the data is scattered in different application silos and cannot cover data stored on mobile devices or in the cloud. In 2018, data governance frameworks will need to be updated to include content intelligence tools.
Containers enable movement to the next level of virtualization
Container-based virtualization is the latest virtualization technology that will gain wider acceptance in 2018. Considered a new generation of virtual machines (VMs), which abstracted an entire device including the operating system (OS), containers consist only of the application and all the dependencies that the application needs.
Yoshida added
Containers are lightweight, in that they do not need a dedicated OS for each container, which helps to reduce costs. Their open configuration also means that they can run on numerous platforms and they allow applications to run isolated from one another, resulting in greater security. Monolithic applications can be written as micro services and run in containers, for greater agility, scale, and reliability.
Enterprises are migrating and developing new applications with containers in order to be competitive in today’s market that is defined by agility and efficiency. As an organization, we have built our IoT platform, Lumada, on containers and micro services and are fully embracing the benefit that they bring by moving our management software for Pentaho worker nodes, Hitachi Content Intelligence and Hitachi Infrastructure Director to containers as well. Storage Virtualization Operating System [SVOS] for Virtual Storage Platforms [VSP] also has a plugin to provision persistent VSP storage in containers – a trend we expect many storage vendors to follow next year.
Blockchain projects will mature
According to Yoshida, blockchain will be in the news in 2018 for two reasons-
First is the use of cryptocurrencies, which saw growing acceptance this year as a stable currency in countries that were plagued by hyperinflation. Japan and Singapore are also indicating that they will create flat-denominated cryptocurrencies in 2018 that will be run by banks and managed by regulators. Consumers will use this for P2P payments, ecommerce and fund transfers. This will lead many banks to turn to blockchain to help them build the capacity needed to manage accounts in cryptocurrencies.
Second is the growing use of blockchain in the financial sector for routine processes like internal regulatory functions, customer documentation and regulatory filings. Interbank fund transfers via blockchain ledgers are also expected to expand in 2018, and other sectors will begin to see prototypes with smart contracts and identity services for healthcare, governments, food safety and counterfeit goods.
Time is right for biometric authentication
The increasing numbers of passwords required by today’s consumers will also support the shift towards biometric authentication in 2018.
Skingsley added
In reality, most of us use the same password for the accounts that we don’t think are very important. Unfortunately, hackers also know this, so once they discover a password, they will use it to successfully hack other accounts. Businesses are coming to the realization that proxies that represent our identity – like passwords, ATM cards, and pin numbers – even with two-factor authentication, are hackable.
Smart phone vendors and financial companies are moving to solve this problem by using biometrics which represent the real user. But choosing the right biometric is important. If a biometric like a fingerprint is hacked, there is no way to reset it in the same way you would a pin number or password. Since we leave our fingerprint on everything we touch, it is conceivable that someone could lift our prints and reuse them. Hitachi recommends the use of finger vein, which can only be seen when infrared light is passed through a live finger to capture the vein pattern and is the most resistant to forgery.
Co-creation of value
Traditional business thinking starts with the premise that the producer autonomously determines value through its choice of products and services. Consumers have typically been consulted through market research and were passively involved in the process of creating solutions and value. In 2018, Yoshida thinks we will witness a shift in value creation, away from producer-centric, solution-value creation to a co-creation paradigm of value creation.
Yoshida commented
Producers and consumers can no longer survive in the digital world with this traditional approach to value creation. In the digital world, the pace of change is relentless and problems span across multiple domains, with a blurring of industry domains and boundaries. Producers cannot take years to develop a solution and consumers cannot plan their business on multi-year road-maps that may not deliver what they need. If consumers and producers are to innovate, they must be active participants in the value creation process as co-creators.
Hitachi sees co-creation as the process of collaborating with customers and ecosystem players in order to innovate and create new value for business stakeholders, customers and society at large. The company has been co-creating with a number of customers and has developed a co-creation methodology that it expects will see further uptake in 2018.
India Electronics and Semiconductor Association [IESA], the premier trade body along with Electronics Sector Skills Council India[ESSCI] get together to roll out IESA Innovation Initiative [I3 Program] – a hands-on electronics engineering pedagogy program leveraging Industry CSR and targeting 100,000 engineering students per year in 5 years. This was done alongside first edition of TechTronics 2017 – an IESA event focused on emerging technologies, opportunities and innovation in the electronics industry.
IESA and ESSCI are putting together a visionary, transformational education engine to enable the start-up and innovation ecosystem in the country. This initiative is implemented by IESA Talent CIG via National ESDM Technology Research Academy [NETRA].The vision of NETRA & ESSCI is to Transform Engineering campuses into ESDM Product Innovation Centers [EPIC] through Industry Partnerships.
The program is a reality on ground with proven success model at KLE Tech University, Hubli – where the ideation energy created by the hands-on teaching program touches 400 students/ semester – and has resulted in incubating 38 startups in first 4 years with 9 startups in acceleration stage. Of these 2 startups have crossed a valuation of 100 crores and employ over 1000 persons!
The learning presented to Ministry of Electronics and IT in August has resulted in the program getting a wider visibility – and is being rolled out with due process, in 6 select Universities in North. These shortlisted Universities include Amity University, AKG Engineering College, Bennet University, BM Munjal University, Chitkara University and Manav Rachna Engineering Universtity.
With the select current 6 universities, the initiative is touching over 1500 students in North. By end 2018, NETRA plans to expand to 20 universities with approx. 4000 students by end of 2018.
Ashwini K Aggarwal, Chairman, India Electronics & Semiconductors Association, said
By end of 2022, the program will cover over 100,000 students per annum, creating a huge ideation energy with far reaching impact in the electronics start-up ecosystem. I wish to congratulate the first batch of shortlisted universities –on their successful completion of the pre-launch faculty trainings and are happy to announce initiating support for their incubator/ideation labs.
Adding to this, Dr. Sandeep Garg, President, India Electronics & Semiconductors Association said
IESA & ESSCI has worked together with the Central Government to shortlist the academic partners, do a capability gap analysis and completed a comprehensive cross-stream train-the-trainer workshop for shortlisted 6 institutes. NETRA is creating a talent pool along with the support of other universities to make the students industry ready, by making them learn the skills and technology for future ESDM industry.
N K Mohapatra, CEO, ESSCI commenting on the partnership said
In order to enable the startup and innovation ecosystem in the country, ESSCI has joined hands with IESA to build – and scale – a visionary, transformational hands-on electronics engineering engine for India. India has a flourishing future in the electronics space and global players have started recognizing this as an opportunity for strengthening their footprints in India. With IESA-NETRA as an implementation partner, we want to focus on the aspiring youth, by primarily engaging with universities across India and make students industry ready.
About IESA
IESA is the premier trade body representing the Indian Electronics System Design and Manufacturing [ESDM] industry and has represented it since 2005. It has over 260 members – both domestic and multinational enterprises. IESA is committed towards building global awareness for the Indian ESDM industry and supporting its growth through focused initiatives in developing the ecosystem. To know more, please visit IESA