Noodle.ai Sets Up R&D Centre in Bengaluru to Drive Artificial Intelligence in India

Former co-founders (CEO and COO) of Infosys Consulting announced the launch of Noodle Analytics Private Limited, the Bangalore headquartered subsidiary of Silicon Valley Based Noodle.ai.  The launch was welcomed by Nandan Nilekani, Former Chairman UIDAI, who cut the ribbon at the inauguration ceremony at the company’s headquarters and said, “I congratulate Noodle.ai on their launch in India and wish them much success.”

Noodle.ai is a leading provider of Enterprise Artificial Intelligence solutions.  The venture is funded by TPG, a leading private equity firm, and the founders of the company.

Noodle.ai’s Enterprise AI solutions combine world-class expertise in applied artificial intelligence technologies including machine learning, predictive data analytics, and data science, with human-centered design, business process engineering, and big data.

Speaking on this occasion Stephen Pratt, CEO Noodle.ai, said, “Over the next three to five years, artificial intelligence technologies fueled by big data will be the most significant competitive differentiator in business. We are excited to be a pioneer in Enterprise Artificial Intelligence, offering high value, rapid, and affordable solutions to clients. We have the right team, an optimized business model, and the right partners to create extraordinary value for our clients’ customers and shareholders,”

On the launch of its Bangalore office, Raj Joshi, COO, Noodle.ai said, “We are one of the few start-ups from Silicon Valley to launch operations in India’s start-up capital. There are many synergies between Silicon Valley in the USA and India, as they both encourage and support a high level of entrepreneurial spirit. We are building a high performance team in Bangalore and the US of highly qualified professionals in AI, data science, and machine learning who are capable of delivering on the complex requirements of our clients.”

Noodle.ai plans to hire approximately 500 people in the next 5 years and expects that 70% of their talent will hold Ph.D. and post-graduate qualifications in different disciplines such as data science, mathematics, software engineering, electronic engineering, and data visualization.  

Warren Buffett Owned Mouser Electronics Setsup Customer Centre Cum Back Office in Bengaluru

Warren Buffett-owned Mouser Electronics, a global distributor of semiconductors and electronic components, has opened a customer service and back office support centre in Bengaluru.

A subsidiary of TTI Inc., Mouser is part of Warren Buffet’s Berkshire Hathaway family of companies, focused on distributing new products and technologies to electronic design engineers and buyers the world over. With sales in India growing at 20 per cent this year and its customer base growing at 45 per cent, Mouser is banking on superior customer support to penetrate the market further. The new centre in MG Road, Bengaluru can house 85 staff members and the company expects to outgrow it within three years.

"We are seeing an impressive gain in unique customers, which makes us a major player in the Indian market," said Mark Burr, SVP of APAC and EMEA businesses at Mouser. "Our sales success in India means that we need to increase the levels of local support we offer to our customers here,"

As a leading distributor of about 600 manufacturers, Mouser has 22 service centres worldwide to meet the semiconductor and electronic component needs of 500,000 customers globally. To strengthen its ties with the local industry, Mouser has joined the India Electronics and Semiconductor Association, the city-based apex body for electronic system design and manufacturing in the country.

“With its unique business proposition and focus on startups and engineering/ research students, we are hopeful that Mouser will remove complexities in procuring electronics components required for research and development, especially by small units,” said IESA President M.N. Vidyashankar on the occasion.   

Nasscom, Akamai & YourStory Bring Out The Future of Internet in India

The National Association of Software & Services Companies (NASSCOM) today launched “The Future of Internet in India” report in partnership with Akamai Technologies, Inc., a global leader in content delivery network (CDN) services. The study was researched and created by YourStory.com, a leading media platform for entrepreneurship, in collaboration with Nasscom and with supporting data from Akamai and other sources. The report, launched by R Chandrashekhar, President, NASSCOM and om Leighton, Co-founder, CEO Akamai Technologies, aims to understand the impact of the Internet on the way we live, learn, work, shop and connect; and focuses on the future trends that will change the landscape of India by 2020.

Speaking at the launch, R Chandrashekhar, President, NASSCOM stated that, “India’s Internet consumption has already exceeded USA to become No. 2 globally. Keeping into consideration the massive impact that the Internet is creating across sectors, it has become the greatest disruptor of our age by changing the way we work, interact socially and live life in general. By 2020, the Internet is expected to penetrate deeper in the hinterlands of the country, helping to create more opportunities for everyone.”

“The rapid growth of the Internet and its expansion into verticals including e-Commerce, Travel and Hospitality, Public Sector, Financial Technology and Media is a clear indication of the state of things to come,” said Chandrashekhar.

 According to the report, India’s Internet user base is the second largest after China. Globally, the number of Internet users is expected to touch 4170 million by 2020. The growth of the Internet has successfully created a strong ecosystem for new businesses to tap into growing markets and create solutions to address their demands.

 “The start-up ecosystem in India, coupled with the government’s initiatives make the Internet accessible to every citizen across the country, is helping India set the stage to enable large numbers of ‘netizens’ to reap the benefits of the Internet. With the rise of digital natives and the increased adoption of smartphones, Internet penetration in India will stretch beyond the large cities, as more services and devices come online. This is also a great opportunity for enterprises to harness the power of the Internet to innovate and scale operations,” said  Sidharth Malik, Vice President and Managing Director, India, Akamai Technologies.

Online shopping will account for two-thirds of the total e-Commerce market, edging out travel

According to the report, the overall e-Commerce market in India was valued $17 billion in FY 2016, and by 2020, India will have an estimated 702 million smart phones in use and mobile phones will emerge as the preferred device for shopping, accounting for 70% of total online shopping. The fashion and lifestyle segment will emerge as the largest e-tailing category with a 35% contribution to e-Commerce GMV by 2020, overtaking the consumer electronics segment which dominates the sales of Indian e-Commerce industry at present.

50% of travel transactions to be online by 2020

Travel across India, for social visits, leisure, shopping and holidays is all set to increase and more people will be booking online, taking advantage of competitive pricing offered by online travel agents (OTAs) and aggregators. An increasing amount of user-generated content online (views on social media, reviews on websites, etc.) is driving aspirational travel, tipping the scales in favour of trips that were once only contemplated, never undertaken.

Media and OTT –– All moving online, one app at a time

The availability of affordable smartphones and tablets has encouraged the second screen phenomenon. With the rapid adoption of smartphones and next generation networks, content consumption patterns and consumer engagement channels are rapidly evolving. Even in its nascent phase, the video-on-demand (VOD) market is highly competitive in India.

Financial technology –– Disrupting the way India pays online

Fintech is disrupting financial services and is likely to have far more widespread impact on society and the Indian economy, both directly and indirectly. The fintech software market within this was pegged at $1.2 billion (13-15%[2]). The remaining 87% focus on services, primarily in payments (60% of the market, including ATM/Point of Sale [PoS]) and core banking services. Overall, according to the report, India’s fintech market is expected to grow 1.7x between 2015 and 2020. While cash-on-delivery may remain the preferred mode of payment for newer users, keep in mind that use of mobile banking and e-wallets is surging.

In conclusion – The future is bright but there is a greater need to collaborate

In times to come, while mobile will be a key access device, larger devices will continue to be important in areas like education and business. Multiple stakeholders will need to work in tandem to bring the next generation of Internet users (rural based, mobile centric, local language focused) online in India. Further, with digital connectivity, the risk of cyber-crimes also increases. With multitudes of people using e-Commerce and transacting online, there is a huge need for technologies that can prevent data theft. India is witnessing a huge demand for security professionals (technologists and analysts, alike). In line with these growing demands, security has become one of the key focus areas for NASSCOM Sector Skills Council, working towards creating the right cybersecurity skill sets for Indian IT professionals.

Toyota Kirloskar Motor’s Phase 2 of Green-Me Campaign Targets 30 Schools in Ramanagara

Toyota Kirloskar Motor (TKM) in association with the Education Department, Ramanagara (Karnataka), successfully rolled out the 2^nd phase of “Green – me” project yesterday in the presence of T S Jaishankar, Deputy Managing Director, Raju B. Ketkale, Senior Vice President and Naveen Soni, Vice President, Toyota Kirloskar Motor amidst other TKM Officials. The event was presided by M G Kumaraswamy, Block Education Officer, Karnataka Education Department – Ramanagara and Siddaramaiah, Environment Officer - KSPCB (Karnataka State Pollution Control Board) Ramanagara.

The event also witnessed the presence of 30 Government School Headmasters and School Development Management Committee Heads. The main objective of this project is to inculcate a positive attitude amongst the existing and the next generation through a specially designed curriculum plugged in training module for the school teachers aiming to achieve environmental sustenance. Introduced in November last year, the Green- Me campaign received an overwhelming response from schools and encouragement from the Education Department. This year, TKM will cover 30 more schools under the Green-Me campaign consisting of Higher Primary Schools (more by 10 schools compared to last year’s coverage of 20 schools), of 5^th – 8^th grades, located in Ramanagara district.

Toyota’s commitment towards shared environmental responsibility has led to the initiation of this project which is built to target the community as a whole, to create eco conscious minds (as a holistic approach) through schools.

This project aims to introduce “Green-Me – Facilitators” (1 facilitator for 6 schools). These facilitators are teachers who travel to engage and support in implementing Green-Me project through action learning methodology in schools. The facilitator’s key role is to actively involve school children, SDMC’s (School Development Management Committee) and general public to meet the desired objectives. Under this project, a Central Coordinator is nominated to track the progress of the project & also facilitate to link TKM with the Green-me Clubs. TKM is associated with NGO SNEHA (Support for Network and Extension Help Agency) in implantation of this year’s Green Me project. The projects focuses on environment conservation aspects designed through varied activities such as conducting exclusive environment related rallies and campaigns, celebration of Environment Day, Street Plays and environment based movie screening, etc.

Sharing his views, T S Jaishankar, Deputy Managing Director – Toyota Kirloskar Motor, said “We have been witnessing remarkable economic growth in India. As a responsible citizen, we should not forget our duty towards conserving environment. Government has rolled out many schemes, initiatives towards community development. The success of such initiatives wholly depends on the public participation to make India a better place and an environment friendly nation for our future generation. We cannot keep looking at government for everything, we all have responsibility of this society & we must also act for betterment of society. ”

Speaking on the occasion, Raju B Ketkale, Senior Vice President – Toyota Kirloskar Motor, said “We, at TKM, strongly believe that the teachers working at the grassroots level holds the most responsible position in the society. They are instrumental in spotting & nurturing tomorrow’s eco-citizens of the nation. And this should start in the school classrooms expanding eventually to foster change in the community at large.” The first phase of implementation in the year 2015 - saw a team of experts from the CEE (Center for Environment Education) engaged by TKM, working together with the schools to ensure effective project implementation. TKM volunteers have been instrumental in meeting the desired results with the support of teachers and students and thus achieve the drawn objectives under this campaign.”

Commenting on the occasion, M G Kumaraswamy, Block Education Officer – Karnataka Education Department, said “In phase 1 of Green Me Project, over 1000 children were involved and we could see a visible positive change in the minds of the school children on environment. By introducing facilitators, NGO and lead coordinator the campaign has been further strengthened, thereby reducing any gaps in successful implementation of the project.

Under phase I of Green Me projects, key activities such as essay writing and drawing competitions were conducted in 20 schools, over 36 environmental conservation action plans were devised, 15 campaign and street plays on topics like water conservation, waste management and biodiversity were organized in villages. This was very well received by the schools & community at large.

Toyota has always been and will remain committed to environmental responsibility. Beyond pushing the bounds of product innovation, one of Toyota’s goals is also to support social initiatives, contributing to a cleaner environment.

Tally Release 5.4 Comes With Enhanced Compliance & Performance Experience

Tally Solutions, the premier Indian software product company, announced the rollout of Release 5.4, the latest version of the Release 5 series from its Tally. ERP 9 suites, in the national Capital Territory of Delhi and five states – Bihar, Gujarat, Madhya Pradesh, Maharashtra, and Tamil Nadu. While this is the maiden launch of Series 5 in Bihar and Madhya Pradesh; Delhi, Gujarat, Maharashtra and Tamil Nadu stand to benefit from the enhanced performance experience the 5.4 version has to offer.

With the constitutional amendment for GST now passed, the entire country is gearing up for the biggest indirect tax regime. Through GST, the government intends to bring about greater transparency in business transactions and simplify compliance needs. Tally. ERP 9 Release 5.4 aims to help businesses ensure that their transactions are correct and complete through the powerful concept of triangulation and with it Tally Solutions will help prepare businesses across the country for the GST regime.

The Tally. ERP 9 Release 5 series is designed to empower businesses to be fully tax compliant, ensuring that tax returns reflect the books of accounts accurately. This helps businesses with simpler, easier and quicker compliance.

The VAT capabilities in Release 5 are being launched in an incremental manner across India. In line with its preceding versions, Release 5.4 is also aimed at supporting businesses with a comprehensive compliance solution for the geographies mentioned above, and provides the latest VAT capabilities.  In this regard, Release 5.4 includes all the features present in the releases before it. Additionally, users of Release 5 Series, also stand to benefit from the performance enhancement features incorporated in central taxation capabilities (Excise, Service Tax and TDS) that is applicable across the country.

Since its release in July 2015, Release 5 series has already been made available in 18 Indian states and union territories. With the introduction of the latest version 5.4 in Bihar and Madhya Pradesh, the product currently provides comprehensive compliance support to 20 States across the country.

Tally.ERP 9 Release 5 Fact Sheet

With Tally ERP.9 Release 5, Tally Solutions has taken a major leap in terms of innovation and reinforced its commitment to customers and partners to deliver greater value.  Some of the key highlights of the release include:

·         Tally. ERP 9 Release 5 supports users to remain compliant towards VAT, Service Tax , Excise , TDS and TCS, in the most simplest and efficient manner

·         Tally. ERP 9 Release 5’s on-demand synchronisation capabilities will help organizations to conveniently exchange business information independently and reliably, across multiple branch locations.

·         Release 5 comes with a seamless product upgrade facility, which allows users to easily upgrade to the current version from all previous versions.

·         Users will get personalised product updates relevant to their geography and usage. This greatly reduces the update size and thus enhances the update experience.

·         The new version will occupy significantly less memory space, thus optimizing system performance.

Tally.ERP 9 Release 5 also provides separate tools for partners to create layout customisation within minutes, thus saving time and enhancing the user experience. Partners can migrate their customisations developed on earlier releases of Tally.ERP 9 seamlessly in a short time, to the latest version, ensuring that the time and money invested in the past remains meaningful.

Oracle & Telangana Academy Tie Up for Computer Education to 2,000 students and 150 Faculty Members BY 2019

Building on Oracle’s commitment to expanding its support of education in India announced earlier this year, Oracle Academy and Telangana Academy for Skill and Knowledge (TASK) have signed a partnership agreement to introduce Oracle Academy curriculum into 150 engineering colleges in Telangana. As part of this initiative, Oracle Academy resources including software, academic curriculum, hosted technology, educator training, support and certification resources will be made available to students and faculty.  The initiative is expected to help 2,000 students and 150 faculty members over the next three years.

Under this agreement, Oracle Academy will facilitate a 'train-the-trainer' course to ramp up engineering college faculty members as instructors for five Oracle Academy courses including Database Foundations, Database Design and Programming with SQL, Programming with PL/SQL, Java Foundations, Java Fundamentals, and Java Programming. After completing their training with Oracle Academy, the faculty members will leverage the Oracle Academy infrastructure and materials to train other faculty members and students.

Commenting on the collaboration, TASK CEO Sujiv Naid said, “In today’s digital world, demand for employees with IT skills is sky-rocketing, while there’s not enough supply. To be career ready, today’s students need computer science classes as part of their educational pathways. We are delighted to announce our partnership with Oracle. Our goal is to prepare our students on emerging technologies and enhance their employability quotient.  Oracle Academy offers a wide range of classroom courses, self-study materials, workshops and other resources including certification discounts which will help our students equip themselves to meet the increasing demands of the IT industry.”

Each year, Oracle Academy reaches more than 3.1 million students in 110 countries.

“We are excited to team with Telangana Academy for Skill and Knowledge (TASK),” said Shailender Kumar, Managing Director, Oracle India. “Oracle Academy enables educators everywhere to inspire and prepare millions of students to become the innovators and leaders of the future. Today’s collaboration showcases how the technology sector can work together with state government initiatives like TASK to provide a practical solution to the skills gap challenge.”

Zippo & William Penn Partner to Strengthen Footprint Across India

Iconic lifestyle brand Zippo is excited to announce its partnership with William Penn Pvt Ltd (WPPL), the largest multi-brand retail store chain of premium and luxury men’s accessories in India. As exclusive distributor, WPPL will ensure Zippo’s widespread availability of products at retailers throughout India, which will include new and iconic Zippo Windproof Lighter designs.

“We are extremely excited to have the opportunity to distribute Zippo lighters across India, as well as sell them in all our own stores.” said Nikhil Ranjan, Co-Founder and Managing Director of WPPL, “The addition of an iconic brand like Zippo to the existing quality brands we distribute will enable us to work even closer and further strengthen our relationship with Indian retailers. We are always looking for ways to improve our performance and reach new customer bases, so I am confident that our association with Zippo will prove to be fruitful and one of immense success”.

Zippo products are available in more than 160 countries, with India being a prominent focus for the brand. Customers in India will be able to choose from an extensive range of lighters offering the very latest designs and finishes.

WPPL plans to further develop the distribution base for Zippo products in India working with a variety of different retailers to ensure the brand has strong visibility in the key towns and cities across the country. Zippo products will also be available in the 28 William Penn stores and 3 shop-in-shop operations in 10 cities.

“A multi-faceted nation like India is one of the most-sought after markets for global consumer brands like Zippo,” said David Warfel, Vice President Global Marketing. “WPPL have a proven track-record of distributing quality brands to other retailers. We believe they can have further success with Zippo products. The brand personality resonates with our own and we’re enthusiastic about reaching new and existing customers by offering them a fantastic range of products and designs.” 

WPPL will be present at this year’s GIFTS INDIA exhibition from August 19^-22 at the Nehru Centre in Mumbai, with a wide selection of Zippo products on display at their booth (1P & 2P on the Ground Floor) allowing potential retailers to explore the range and discuss the potential to stock Zippo products.