Tuesday, December 19, 2017

Axis Start-up Social Aims to Provide a Platform for Startups to Network and Share Knowledge

Axis Bank, India’s third largest private sector bank is launching an exclusive networking property, Axis Start-up Social, at a ‘one-of-its-kind’ event aimed at supporting the country’s startup ecosystem. ‘Axis Start -Up Social’ will go ‘live’ tomorrow, i.e. December 15th, 2017 at a gathering of the country’s leading startup players in Bengaluru.

The objective of this platform is to provide an opportunity for startups to network and share knowledge. Significantly, this initiative firmly underlines the Bank’s unflinching commitment towards providing multiple opportunities for startups in India to thrive and scale to the next-level-of-growth. The unveiling of ‘Axis Start-up Social’ comes close on the heels of the launch of the bank’s innovation lab, Thought Factory, which looks to aid startups to expand, besides opening up avenues with potential investors and companies. The Bank also launched its   Axis Startup Banking product earlier this year, which is bundled with all key technology enabled products and caters comprehensively to banking needs of startups. Over 100 leading names among the start-up community are expected to converge at the launch.

India continues to be a hotbed for startups especially with the Government’s relentless focus to provide a congenial environment for them to conduct business. As per a recent Nasscom Startup Report, the year has seen an addition of over 1,000 startups bolstering India’s position as one of the leading startup ecosystems across the world. This takes the total number of technology startups in the country to over 5,000, as per the Report. Importantly, while Technology continues to dominate conversations, startups in other sectors such as Healthcare, and Education and Logistics have also gathered pace.

Speaking about the initiative, Sidharth Rath, Group Executive, Corporate & Transaction Banking, Axis Bank said, “We are excited to launch Axis Start-up Social, a platform through which we hope to provide the much required, ‘extra edge’ to the start-up community by handholding them, sharing knowledge and providing the required financial solutions. Today, the Indian ecosystem is flooded with innovative ideas but what is missing is the presence of the right channel and guidance in terms of acceleration, scaling up and funding. Through Axis Start-up Social, we endeavour to create an ecosystem to encourage innovation and the next-level-of-growth opportunities to start-ups that are ready to take that leap.”

Fourth Edition of Indian LGBT Youth Leadership Summit to be hosted by ThoughtWorks in Bengaluru

The fourth edition of the Indian LGBT Youth Leadership Summit will be organized in Bengaluru over two days- December 16 and 17 - by Mission for Indian Gay and Lesbian Empowerment (MINGLE) in association with Love Matters and with the support of IBM, Canada Embassy, RNW Media along with local community partners - Humsafar Trust, Pink Pages magazine, and Gay Bombay. Notably, the summit will be hosted by ThoughtWorks at its campus in Kormangala, Bengaluru.

The objective of the summit is to identify potential leaders among the LGBT youth from India & SAARC nations, and groom them for future leadership roles. The two day event will consist of panel discussions and interactive workshops covering aspects of leadership, resilience, mental health, workplace inclusion, and social inclusion.

More than two hundred young LGBT people between the ages 21 and 32 had applied to attend, among whom 35 have been selected to attend based on their leadership potential and willingness to engage on LGBT issues. The participants are a diverse group of youth leaders representing all aspects of the LGBT+ community, from various professional, educational and cultural backgrounds- coming from many Indian cities like Mumbai, Bangalore, Delhi, Hyderabad, Chennai, Kolkata, Imphal and Indore among others, along with international participants from Sri Lanka & Nepal. The theme for the summit this year will be- “Oneness. Togetherness. Happiness.”

Tina Vinod, Inclusivity and Diversity Lead at ThoughtWorks said, “Organizations have a larger role to play in creating an inclusive, tolerant and supportive environment both, in society and our workplaces. The LGBT Youth Leadership Summit is one such event that will bring important aspects of diversity and inclusivity into the spotlight. We are thrilled to host the event, and bring these conversations to where it matters the most - to the people.”

Udayan Dhar, Head of Strategy at MINGLE explained the objective behind this initiative, “We started this leadership forum back in 2014 because we noticed that there was a lack of openly LGBT people in leadership positions both in the business and social sectors of India. If we need to change that over the next decade, it is important to start grooming those future leaders today.”

Harish Iyer, member of Advisory Board of MINGLE and prominent LGBT rights advocate said on the need to hold the summit, “The LGBT movement in India is going to be a long one and there is a need to build our capacities with younger, vocal minds taking the lead. This summit ignites the spark by getting young thriving members of the community to act as catalysts for change.”

Kotra Bengaluru and Amazon.in Brings Korean Beauty to India

Catering to the needs of modern and trendsetting customers with a taste for internationally established cosmetics brands, Amazon.in today announced its partnership with KOTRA Bengaluru (Korea Trade Investment Promotion Agency) to offer customers access to leading Korean Beauty brands and products. Amazon.in will now host authentic and genuine products from well known Korean beauty brands in a separate store amazon.in/koreanbeauty .

The partnership with KOTRA Bengaluru enables Amazon.in to offer customers interesting Korean products such as Facial Masks, Skin care range, Makeup (Lipcare, BB Face Creams etc), Cleansing creams among others across established brands such as FaceShop, Dermal, The Beauty Co., It’s Skin, Coony and Swanicoco among others.

Amazon.in has witnessed a phenomenal growth in their beauty category with customer demand coming in from across the country. With over 20 Lakh products from over 19,000 brands, the store on Amazon.in is designed to cater to grooming needs of both men and women - with products ranging from shaving creams, moisturizers and perfumes to night creams, facial scrubs, hair care and products for sensitive skin.

Commenting on the partnership, Richa Gupta, Category Lead, Beauty, Amazon India said,“Korean Beauty products are steadily gaining popularity across the world. The natural ingredients used in these products have a strong global following and we are thrilled to offer this array our Indian customers through our tie up with KOTRA Bengaluru. With this partnership we continue to build a strong portfolio for the beauty category in our efforts to increase selection available to our customers across the country.”

Choong Sik Jang (Director General of Kotra Bengaluru) said “We are delighted to associate with Amazon.in and extend our reach to customers across India. The Korean Beauty market is growing and customers today demand quick and easy access to the bands of their choice. Through this partnership we are thrilled to be able to cater to our customers no matter where in India they reside”

Amazon.in is changing the buying experience of beauty products, bringing popular brands to your doorstep with a single click. Through the dedicated store, customers can take advantage of detailed product information; options to shortlist products by brand, category and collection and read customer reviews to find the perfect product as per their requirement.

OnePlus Celebrates 3rd Anniversary with the Launch of OnePlus 5T Star Wars Limited Edition

OnePlus, a leading global mobile technology company, today announced the OnePlus 5T Star Wars Limited Edition, a special edition premium flagship device ahead of release of the new chapter of the popular space saga, Star Wars: The Last Jedi (releasing on December 15).

The Star Wars edition’s phone design has been inspired by the planet Crait from Star Wars: The Last Jedi. The metal back of the device is painted in Crait white with a precise Star Wars logo in Red printed on the back. Crait is a mineral planet with red sediment under the surface, which is the inspiration behind the red alert slider on the device. Red is, after all, the color of Star Wars traditionally, similar to the alert slider, which has been the long standing feature of OnePlus devices. On the software front, there is a customized red, white and black theme with a set of 10 exclusive Star Wars wallpapers adapted to the new AMOLED immersive screen and a special Kylo Ren phone case along with a special surprise for Star Wars fans packed in an exquisitely designed gift box as a part of the complete offering.  

Speaking on the occasion, Kyle Kiang, Head of Global marketing, OnePlus, said, “Our community has inspired us in more ways than one. Their passion and involvement in the brand and the products since the very beginning has inspired us to come up with product that is superior in every way, from design to the overall experience.

We are excited to join the force and dedicate the exquisitely designed Star Wars Limited Edition to the OnePlus and Star Wars fans in India as a part of the 3-year anniversary celebration. Once again, we’ve worked hard to refine every last detail and we are confident that the Star Wars fans will appreciate the homage that we have paid to the iconic Star Wars saga."

The Star Wars edition of the OnePlus 5T phone features the highest resolution dual-camera system of 16 and 20 MP sporting f/1.7 aperture on both lenses for better low light photography. It has a large 6" display with an 18:9 aspect ratio, all while keeping a similar body size as the OnePlus 5. With Dash Charge, OnePlus’ signature powering technology, the user will always get a day's power in half an hour. Powered by the most powerful processor, the Qualcomm Snapdragon™ 835 platform, coupled with 8GB of LPDDR4X RAM, the OnePlus 5T can run many apps in the background without a single second of lag, allowing users to switch between apps with ease.

Price and availability

The OnePlus 5T Star Wars Limited Edition will be available with 8GB of RAM and 128 GB storage at Rs. 38,999, starting December 15, 2017 through exclusive online sales partner, Amazon.in as well as on its brand store oneplusstore.in. Customers can also experience and purchase the device across OnePlus Experience stores in Bangalore and Mall of India Noida, while supplies last.

The limited edition variant will also be available in select European countries which includes Finland, Sweden and Denmark.

For the first time ever, OnePlus is organizing pop-up events across 9 cities in India. Select users will be able to experience and purchase the OnePlus 5T Star Wars Limited Edition at the Pop-up stores across 6 cities in India over 2 days- 16th and 17th December, 2017 on a first cum first serve basis: Mumbai, Pune, Chennai, Delhi, Bangalore and Kochi. Users in Kolkata, Hyderabad and Kochi can experience the device at the pop-up stores in these 3 cities. 

As a part of the anniversary celebration in India, all OnePlus buyers will be eligible for attractive offers including zero cost EMI, Rs. 2000 extra off on the exchange of any OnePlus device and Rs. 1000 extra off on the exchange of any other device. Additionally, Axis Bank debit and credit cards users are eligible for a Rs. 1,500 instant discount on purchase of any OnePlus device including the 5T Star Wars limited edition. OnePlus users will also be eligible for a complimentary 12-month Accidental Damage Insurance by Servify on downloading the Kotak 811 savings account and activating it with an initial deposit of Rs 1,000 in the introductory period.

Further, there are several other exciting partner offers including Amazon Prime and Kindle. OnePlus 5T Star Wars Limited Edition customers will get 1 TB of data from Idea. Customers are also eligible for 1 year of free membership of Zomato Gold — the newly launched premium subscription offering from Zomato. All anniversary offers are available till 19th December, 2017.

Wednesday, December 13, 2017

Artificial Intelligence Will Create More Jobs Than It Eliminates By 2020 While Eliminating 1.8 Million

The year 2020 will be a pivotal year in AI-related employment dynamics, according to Gartner, Inc., as artificial intelligence (AI) will become a positive job motivator. The number of jobs affected by AI will vary by industry; through 2019, healthcare, the public sector and education will see continuously growing job demand while manufacturing will be hit the hardest. Starting in 2020, AI-related job creation will cross into positive territory, reaching two million net-new jobs in 2025.

"Many significant innovations in the past have been associated with a transition period of temporary job loss, followed by recovery, then business transformation and AI will likely follow this route," said Svetlana Sicular, research vice president at Gartner. AI will improve the productivity of many jobs, eliminating millions of middle- and low-level positions, but also creating millions more new positions of highly skilled, management and even the entry-level and low-skilled variety.

"Unfortunately, most calamitous warnings of job losses confuse AI with automation — that overshadows the greatest AI benefit — AI augmentation — a combination of human and artificial intelligence, where both complement each other."

IT leaders should not only focus on the projected net increase of jobs. With each investment in AI-enabled technologiesthey must take into consideration what jobs will be lost, what jobs will be created, and how it will transform how workers collaborate with others, make decisions and get work done.

"Now is the time to really impact your long-term AI direction," said Sicular. "For the greatest value, focus on augmenting people with AIEnrich people's jobs, reimagine old tasks and create new industries. Transform your culture to make it rapidly adaptable to AI-related opportunities or threats."

Gartner identified additional predictions related to AI’s impact on the workplace:

By 2022, one in five workers engaged in mostly nonroutine tasks will rely on AI to do a job.
AI has already been applied to highly repeatable tasks where large quantities of observations and decisions can be analyzed for patterns. However, applying AI to less-routine work that is more varied due to lower repeatability will soon start yielding superior benefits. AI applied to nonroutine work is more likely to assist humans than replace them as combinations of humans and machines will perform more effectively than either human experts or AI-driven machines working alone will.

"Using AI to auto-generate a weekly status report or pick the top five emails in your inbox doesn't have the same wow factor as, say, curing a disease would, which is why these near-term, practical uses go unnoticed," said Craig Rothresearch vice president at Gartner. "Companies are just beginning to seize the opportunity to improve nonroutine work through AI by applying it to general-purpose tools. Once knowledge workers incorporate AI into their work processes as a virtual secretary or intern, robo-employees will become a competitive necessity."

Through 2022, multichannel retailer efforts to replace sales associates through AI will prove unsuccessful, although cashier and operational jobs will be disrupted.
Leveraging technologies such as AI and robotics, retailers will use intelligent process automation to identify, optimize and automate labor-intensive and repetitive activities that are currently performed by humans, reducing labor costs through efficiency from headquarters to distribution centers and stores. Many retailers are already expanding technology use to improve the in-store check-out process.

However, research suggests that many consumers still prefer to interact with a knowledgeable sales associate when visiting a store, particularly in specialized areas such as home improvement, drugstores and cosmetics, where informed associates can make a significant impact on customer satisfaction. Though they will reduce labor used for check-out and other operational activities, retailers will find it difficult to eliminate traditional sales advisers.

"Retailers will be able to make labor savings by eliminating highly repetitive and transactional jobs, but will need to reinvest some of those savings into training associates who can enhance the customer experience," said Robert Heturesearch director at Gartner "As such most retailers will come to view AI as a way to augment customer experiences rather than just removing humans from every process."

In 2021, AI augmentation will generate $2.9 trillion in business value and recover 6.2 billion hours of worker productivity.
While many industries will receive growing business value from AI, manufacturing is one that will receive a massive share of the business value opportunity. Automation will lead to cost savings, while the removal of friction in value chains will increase revenue further, for example, in the optimization of supply chains and go-to-market activities.

However, some industries, such as outsourcing, are seeing a fundamental change in their business models, whereby the cost reduction from AI and the resulting productivity improvement must be reinvested to allow reinvention and the perusal of new business model opportunities.

"AI can take on repetitive and mundane tasks, freeing up humans for other activities, but the symbiosis of humans with AI will be more nuanced and will require reinvestment and reinvention instead of simply automating existing practices," said Mike Rollingsresearch vice president at Gartner. "Rather than have a machine replicating the steps that a human performs to reach a particular judgment, the entire decision process can be refactored to use the relative strengths and weaknesses of both machine and human to maximize value generation and redistribute decision making to increase agility."

Atlas Copco Unveils New and More Efficient Compressors, Light Towers

Atlas Copco, a world-leading provider of sustainable productivity solutions and manufacturer of portable air compressors, waterwell compressors and light towers, today launched new products — for the infrastructure and construction sectors.

The products come with unmatched features such as dual pressure, better fuel efficiency, faster and deeper drilling, versatility and lower carbon footprint along with the right ergonomics and inbuilt features to enhance performance. These forward thinking products ensure safer and more productive sites.

In the portable energy business, Atlas Copco launched its new XRX1350 and XRHS650 waterwell compressors. The XRX 1350 is a compact, dual pressure compressor with 365-425 psi, better fuel efficiency, and faster and deeper drilling. The XRHS 650 dual pressure compressor is the latest addition to the medium air range of waterwell compressors for shallow waterwell drilling.

Atlas Copco’s new HiLight V5+ Light Tower offers advanced LED solutions. It is also the safest and most efficient light tower for road construction, airports, hydropower projects, and mining and construction applications. The HiLight V5+ is the product of intensive research in cutting-edge lighting technology.

Atlas Copco has also introduced a total of seven electric compressor models with different pressure and flow combinations which offer 19% faster drilling with 11% less power consumption as compared with other compressors in its class.

Atlas Copco Managing Director Giovanni Valent said, “India is a very important market for Atlas Copco. Our new product launch is a testimony of our continued interest in the subcontinent and is in line with our focus on the government’s ‘Make in India’ initiative. Our latest portable air diesel compressors, waterwell compressors, electric compressors and light towers are invested with global technology that helps clients to enhance productivity, meet manufacturing targets, strengthen customer delivery, and achieve business objectives in India.”

Atlas Copco strongly believes that manufacturing has emerged as one of the high-growth sectors in India, which has been acknowledged as one of the great manufacturing hubs in the world.

70 Top BSE Listed Cos Now Use Microsoft Cloud for Digital Transformation

Microsoft today said that 70 of the top 100 Bombay Stock Exchange listed companies are now using Microsoft cloud to drive their digital transformation.

Microsoft works with over 200,000 large, medium and small enterprises, 29 State Governments and over 5000 start-ups in the country. In the last 18 months, the company has seen many these customers start their digital transformation using the hybrid cloud. The only provider of all three clouds – private, public and hybrid – Microsoft has now launched Azure Stack for India.

Azure Stack is an extension of Microsoft’s Azure cloud platform, and brings the agility and fast-paced innovation of cloud computing to on-premises environments and enables entirely new hybrid cloud scenarios. All the major Azure Stack partners HP, Dell, EMC, Lenovo and Cisco, have started shipping Azure Stack to customers in India. A large Azure Stack ready partner ecosystem has been created with partners such as Netmagic, Embee and G7CR.

Microsoft has three of its 42 global datacenters regions located in India at Mumbai, Pune and Chennai. Operating since September 2015 (Microsoft was the first global public cloud provider to offer local cloud services in India), Microsoft was also the first public cloud service provider to be empaneled by Ministry of Information Technology (MeitY) in late 2016. It continues to be a certified cloud provider for Governments in India.

“We are fueling innovation and accelerating India’s digital transformation with our global and local cloud services.  As many mobile-only and cloud-only collaboration and productivity scenarios emerge in the workplace, we are working with our customers and partners to accelerate movement to the intelligent cloud and intelligent edge in the next year, and to help build new engines of growth. Microsoft and our partners are helping customers who want to utilize the full power of our cloud platform and use Artificial Intelligence, Machine Learning, Cognitive Intelligence and Internet of Things (IoT),” said Anant Maheshwari, President, Microsoft India.

“As the pace of digital transformation picks up in 2018, we recognize that many customers prefer to evolve gradually by first moving to a hybrid cloud environment before fully embracing the public cloud. With Azure Stack, we will help our customers move forward in their preferred digital transformation path at a pace they prefer,” he added.

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