CLIENT INNOVATION

Amazon counts on 'grit and innovation' to meet AI surge

The AI revolution is upon us with companies around the world looking to jump headfirst into the technology made famous by ChatGPT. To satisfy their generative AI urge, firms need to secure state-of-the-art software and ramp up computing power, which quickly brings them knocking on the doors of the globe's cloud computing giants, of which Amazon's AWS is the biggest.

Google Cloud’s AI push is winning clients: Thomas Kurian

Google Cloud chief sees tech infra that govt wants to put together as an opportunity to work closely with India. He says so many Indian entrepreneurs are aspiring to build the next Google... ‘we are super supportive of it’.

Quidich Innovation Labs secures funding from Centre Court Capital

Quidich will use newly raised funds to expand its reach across new sports and geographies, as well as furthur developing its technology stack. Founded in 2013, the company has collaborated with Board of Control for Cricket in India (BCCI), International Cricket Council (ICC), Channel 7 in Australia among others.

Are senior GCC roles creating an opportunity for IT services professionals?

The mushrooming of global capability centers is driving the need for senior talent sourced from the IT services industry, with a shift to GCCs. Indian GCCs offer value in cost efficiency, innovation, and market expansion, attracting senior IT executives for global leadership roles.

Nvidia set to overtake Apple as world's second-most valuable company at $2.68 trillion

Nvidia could soon surpass Apple to become the world's second-most valuable company, benefitting from the surge in adoption of AI applications. Nvidia's high-end chips power virtually all AI applications, propelling its stock value to $2.68 trillion.

GlobalLogic sees increased business from India-based GCCs

GlobalLogic has seen a significant increase in its India business due to the growing number of global capability centres (GCCs) in the country, according to the company's top executives.

Driving logistics forward: How Gurugram-based Varuna Group is maintaining a balance between innovation and sustainability

Varuna Group, established in 1996, is a logistics services provider leveraging advanced digital technologies like IoT, AI, data analytics, and WMS for efficient warehousing and distribution.

Top Leaders and Companies Leading The Change in Their Industries

Indian IT sees deal tenures shrinking in rich neighbourhoods

At least two companies – HCLTech and Birlasoft – have gone on record to say that from the usual 10-12 year deals earlier, long-term arrangements are now ending in four years. Earlier, the tenures ranged between 10-12 years.

View: Overturn cultural practices and dogmas to spur our companies to spend on R&D

WhatsApp showcases tales of ancient glory, while global reports highlight India's rankings in hunger, press freedom, and sustainable development. India ranks 40th on the GII 2023, above all BRICS nations except China.

As macro climate changes, GenAI will also scale up: Infosys CEO Salil Parekh

In a wide-ranging interview with Sameer Ranjan Bakshi, Beena Parmar and Surabhi Agarwal, Salil Parekh, chief executive and managing director of Infosys, spoke of his plans to prepare the $18.6 billion software services giant — through its Topaz platform — for the GenAI-led transformation that will take root as global macro-economic concerns ease.

How AI-enabled innovation can fulfil the worth of a talent pool currently underused in mere messaging

Lessons from the past can help build a sustainable peace treaty between AI and humans. And, for this, we must reinvest in the inimitable magic of human creativity, which is currently being diminished by the lazy conveniences of tech, in cahoots with our love for jugaad. In terms of culture and practice, originality needs to make a non-negotiable comeback. And, in the case of 'copy-paste' India, make an appearance.

Aurum Analytica: Transforming real estate with Data Science and AI

Aurum Analytica, a data analytics firm in real estate, uses data science and AI. CEO Prakash Tejwani and co-founders Sahil and Vishal discuss the company's mission and growth.

India needs open-source AI models for cultural and linguistic representation: IBM

This comment comes as IBM on Tuesday open-sourced a group of its most advanced and performant language and code Granite large language models.

Orb Energy launches its first 35 MW ground-mounted solar park in Karnataka

Orb Energy, a key player in the Indian solar power industry, has launched its first 35 MW ground-mounted solar park in Arsikere, Hassan district. The park, which spans 110 acres, delivers 5.24 crore units of green power and reduces 45,000 tons of carbon dioxide annually. Orb Energy plans to develop and commission around 400 MW of solar parks for SMEs across India by the end of the decade, with an investment of around Rs 2,000 crore. The company's innovative solar park model allows enterprises to purchase plots and own their own solar sub-arrays within the park.

Senior-level IT services hiring in 2024 focuses on new-age skills

IT services and global market conditions impact senior-level hiring with pay hikes expected. Roles in finance, consulting, and program management are in demand. Companies hiring for roles like chief AI officer, delivery head-AI, and CFOs. Skills in cloud computing, machine learning, and data engineering are sought after. Gartner forecasts $5 trillion IT spending in 2024, with India's IT spending growing.

New PoS deployment grows at slowest pace since demonetisation: RBI data

Industry insiders told us that while new PoS terminals are still being deployed, it’s mostly in organised and large format retail, which offer all payment forms. However, grocery shops, smaller stores and eateries are tilting towards QR code-based UPI transactions.

Meet India's brightest young minds: Forbes unveils '30 under 30' Asia list

Forbes recently unveiled its 9th edition of the "30 Under 30 Asia" list, showcasing young leaders and innovators under 30 across the Asia-Pacific region. Among the Indian talents are Pavithra Chari of Shadow and Light, known for musical prowess, and Arpan Kumar Chandel, aka King, a rapper. Kush Jain co-founded ORama AI, aiding the visually impaired in learning Braille. Kunal Aggarwal's Credflow offers cashflow management for SMEs, while Aalesh Avlani's Credit Wise Capital provides innovative motorcycle loans. These young Indians represent diverse fields and highlight exceptional talent and entrepreneurial spirit.

Wipro's Pallia to moderate AI ‘crowdsourcing’ session with staff

In what might also be considered crowdsourcing of ideas, new CEO Srinivas Pallia will moderate a virtual session for staff on June 12 on ways to develop strategies to help clients in artificial intelligence.

DG Innovate joins hands with EVage Motors, forays into domestic EV space

UK-based advanced R&D firm DG Innovate on Wednesday announced its entry into the domestic electric vehicle space through a joint venture with electric commercial vehicle startup EVage Motors. The JV, which will be 60 per cent owned by DG Innovate and 40 per cent by the Indian partner, will produce electric motors for both domestic and overseas markets, EVage said.

Genpact launches AI innovation centre in Gurugram.

Debjani Ghosh, president of IT industry body Nasscom, was speaking at the launch of Genpact’s AI Innovation Centre in Gurugram. India may build some AI models, but it need not waste a lot of money and effort on this, she said.

IBM bullish on new Ahmedabad, Kochi labs, looks to double hiring this year

IBM's India network spans five labs, including its Bengaluru HQ and facilities in Pune and Hyderabad. Notably, the recent additions in Kochi and Ahmedabad are fueling advancements in WatsonX, IBM's AI platform.

Fundamental Radar: Five factors to drive 14% sales CAGR for Hindware Home, says Sandeep Raina