Author: VARINDIA IT Magazine

Technology Reshaping Customer Experience

We are seeing several disruptions happening in our everyday life and it is really unbelievable. Disruptions on the internet in some forms or other can be easily forgotten, but the disruptive world wide web is no longer the same that it was when it first debuted. Massive amounts of data are getting generated and many don’t know how to manage the data, which many say is the new oil. Thanks to the great man, Sir Tim Berners-Lee, a British computer researcher then working at CERN in Switzerland, who has originally conceived three technologies that still underlie much of the WWW today – HTML, URL and HTTP. The hard fact is whatever we do over internet, are getting stored in somewhere in some form.

Source: Technology Reshaping Customer Experience

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Technology Reshaping Customer Experience

We are seeing several disruptions happening in our everyday life and it is really unbelievable. Disruptions on the internet in some forms or other can be easily forgotten, but the disruptive world wide web is no longer the same that it was when it first debuted. Massive amounts of data are getting generated and many don’t know how to manage the data, which many say is the new oil. Thanks to the great man, Sir Tim Berners-Lee, a British computer researcher then working at CERN in Switzerland, who has originally conceived three technologies that still underlie much of the WWW today – HTML, URL and HTTP. The hard fact is whatever we do over internet, are getting stored in somewhere in some form.

Source: Technology Reshaping Customer Experience

90% of businesses face a grave risk for improper ways of managing data

90% of businesses such as Retailers and Distributors face a grave risk to their business due to their improper ways of managing the safety of their data. This study and the subsequent search for a viable remedy and a reliable solution has led GOFRUGAL to launch GoSecure, India’s first and, the finest solution to back-up data on a real time basis and it’s time to back-up or Pack-up says, Kumar Vembu,CEO, GOFRUGAL

Source: 90% of businesses face a grave risk for improper ways of managing data

27 Qualifying Teams Compete at Conduent Blockchain Hackathon Finale

The first hackathon of the series kicked off in India on April 12, 2019. Open to all blockchain enthusiasts in the country, the event’s first phase consisted of 1,276 participants who competed in a virtual crowdsourcing process over the course of six weeks. It then culminated into a 36-hour, no sleep, on-site hackathon where 76 participants forming 27 teams created and presented their blockchain solution prototypes.

Source: 27 Qualifying Teams Compete at Conduent Blockchain Hackathon Finale

Cloud infrastructure services spend in China exceeds US$2 billion

The total spend on cloud infrastructure services in China reached US$2.1 billion for the first time in Q1 2019. China accounted for 9.2% of the worldwide total, making it the second largest market behind the US at 48.4%. Amazon Web Services (AWS), Microsoft Azure and Google Cloud dominate globally but this is not the case in China. Government initiatives and regulations mean cloud service providers headquartered in China account for four of the top five. Alibaba Cloud led in Q1 with 47.3% of the market, followed by Tencent Cloud with 15.4%. AWS was third, accounting for 8.8%, closely followed by Baidu Cloud (8.0%) and China Telecom (6.8%).

Source: Cloud infrastructure services spend in China exceeds US$2 billion

ML technology to improve user experience for Google Pay payments

Innoviti Payment Solutions, announced a significant upswing in the volume contribution of the fast-growing UPI payment platform to its overall payment transaction processing in offline retail stores after introduction of ML-based Path Predictor technology. Path Predictor, a patented technology of Innoviti, uses Machine Learning to decipher patterns lying deep within millions of transactions passing through Innoviti to create models that dynamically and in real-time select the best path for a UPI transaction, leading to dramatic change in UPI success rates and a seamless consumer experience. Since introduction of this technology, over the recent 3 months of Q2 2019, UPI@POS transactions at Innoviti have grown to contribute nearly 2% of Innoviti’s overall transaction processing volume.This seamless experience driven by deep integration with Google Pay resulting in usage surge.

Source: ML technology to improve user experience for Google Pay payments

Anil Chaudhry is conferred the Horasis-KPMG Indian Business Leader of the Year award

Schneider Electric, the leader in digital transformation of energy management and automation, today announced that Anil Chaudhry, Zone President and Managing Director, has been conferred the Horasis-KPMG Indian Business Leader of the Year award for ‘Business Transformation’. The award ceremony was held in Segovia, Spain at a glittering function that saw participation of a galaxy of business leaders and global corporates.

Source: Anil Chaudhry is conferred the Horasis-KPMG Indian Business Leader of the Year award