News

Chatbots To Save $11 Bn Cost, 2.5 Bn Customer Hours By 2023

Chatbots To Save $11 Bn Cost, 2.5 Bn Customer Hours By 2023

July 4, 2018 at 9:22 am 0 comments

Chatbots seem to be the future of marketing in general and customer service in particular. A new report from Juniper Research has found that the adoption of chatbots across the retail, banking and healthcare sectors will realise business cost savings of $11 billion annually by 2023, up from an estimatedRead More

Hero Electronix Acquires IoT Startup Zenatix

Hero Electronix Acquires IoT Startup Zenatix

May 30, 2018 at 9:08 am 0 comments

Hero Electronix, a Hero Group company, has acquired Gurgaon-based Zenatix, an enterprise focused internet-of-things (IoT) solutions company. The details of the financial transaction in the deal are not available at this time. With this acquisition the hero Group firm formally announced its entry to IoT business. The company is targeting toRead More

Vodafone, SAP Team Up For Faster Industrial IoT Adoption

Vodafone, SAP Team Up For Faster Industrial IoT Adoption

April 13, 2018 at 10:52 am 0 comments

Two global technology majors – SAP and Vodafone – have joined hands to develop industrial IoT solutions (IIoT) for enterprises. They will also join forces to push for the faster adoption of such solutions across Indian enterprises, a company statement said. The firms will develop such IIoT solutions using SAP LeonardoRead More

IDBI Capital Offers Trading Through Wearables Using Apple Watch

IDBI Capital Offers Trading Through Wearables Using Apple Watch

February 13, 2018 at 5:14 pm 0 comments

Tata Consultancy Services a leading global IT services, consulting and business solutions organization, today announced that its flagship product TCS BaNCS has been deployed again by IDBI Capital Markets and Securities, and this time to incorporate seamless trading on the Apple watch, as a part of its rich mobile app.Read More

HDFC Securities Uses AI To Offer Brokerage Services

HDFC Securities Uses AI To Offer Brokerage Services

February 7, 2018 at 5:40 pm 0 comments

HDFC securities, one of the leading stock broking company in India, today announced its new initiative of integrating stock search with HDFC Bank’s Facebook Messenger Chatbot. This new feature, in collaboration with Niki.ai – an artificial intelligence company, makes HDFC securities the first in the industry with such a uniqueRead More

NEC Uses AI To Optimize Network Allocation For IoT Services

NEC Uses AI To Optimize Network Allocation For IoT Services

February 7, 2018 at 12:09 pm 0 comments

Japanese firm NEC corporation has started using artificial intelligence in its network so that various IoT services can be offered depending on the traffic flow and requirement. It has announced the global provision of its “Context-aware Service Controller,” a solution that uses AI to automatically classify IoT services based on theRead More

Robotic Process Automation In Banking To Generate $900 Mn Revenue By 2022

Robotic Process Automation In Banking To Generate $900 Mn Revenue By 2022

February 7, 2018 at 9:40 am 0 comments

The market size of robotic process automation in banking business, including software and services, is predicted to touch $900 million by 2022 from current $214 million, expanding over four times during the period, a new report from Juniper Research says. Robotic process automation or RPA was traditionally limited to replicatingRead More

EDF Selects Nokia To Test LPWA For Industries

EDF Selects Nokia To Test LPWA For Industries

February 6, 2018 at 3:04 pm 0 comments

French utility firm UDF has selected Nokia to test the performance of LPWA wireless networking technologies if that can be used for critical industrial operations. The two companies will engage in a comprehensive testing regime, among the first of its kind in the industry, exploring the capabilities of LPWA technologiesRead More

Ericsson Creates New Business Unit For IoT, Appoints Asa Tamsons As Head

Ericsson Creates New Business Unit For IoT, Appoints Asa Tamsons As Head

January 31, 2018 at 12:55 pm 0 comments

Ericsson on Wednesday announced a new business unit to increase its focus on innovation and new business development. The new unit, named Business Area Emerging Business, will focus on IoT and within distributed cloud solutions will identify, nurture and scale new businesses to support our customers to capture the potential ofRead More

Samsung Launches 800GB Z-SSD For AI Applications

Samsung Launches 800GB Z-SSD For AI Applications

January 30, 2018 at 2:43 pm 0 comments

Samsung Electronics on Thursday launched an 800-gigabyte (GB) solid state storage drive (800GB Z-SSD) meant for the most advanced enterprise applications including supercomputing for AI analysis. The new solid state storage drive, named Z-SSD SZ985, will offer a new level of storage for today’s artificial intelligence (AI), big data andRead More