Wednesday, April 17, 2019

ACT Fibernet Partners with ZEE5 to Expand its OTT Offerings

ACT Fibernet, India’s largest fiber-focused wired broadband ISP (Internet Service Provider), today announced a strategic partnership with ZEE5, India’s fastest growing OTT platform. As a step to expand its OTT offerings and provide an unmatchable entertainment experience, ACT Fibernet is onboarding a variety of video-on-demand content platforms to meet the entertainment needs of customers across all segments. 

As part of the partnership, ZEE5 will be listed on ACT Fibernet portal where existing customers can access premium content on the basis their subscription status. Additionally, first time users can avail exclusive one-month free subscription through ACT Fibernet. This offer will be available at an additional cost of INR 99 across all the 17 cities where ACT Fibernet has its presence.

Ravi Karthik, Head of Marketing, ACT Fibernet, commented, “ZEE5 as a platform provides entertainment across languages and multiple genres and we are very excited to bring their extensive offerings to our customers. In line with our brand philosophy ‘Feel the Advantage’, we aim to provide holistic entertainment experience to our customers and with the convenience to enjoy content from best of streaming providers in this category.”

Manish Aggarwal, Business Head, ZEE5 India said, “ZEE5 has always been at the forefront of providing cutting edge content to viewers across languages. ACT Fibernet is a leader in the ISP space with phenomenal connectivity and caters to a premium audience. This partnership will help us widen our viewer base by many folds. Additionally, with this association, we also aim to make ZEE5 more accessible to our audience who can reap the benefits of our vast content library.”

With over 3500 films, 500+ TV shows, 4000+ music videos, 35+ theatre plays and 90+ LIVE TV Channels across 12 languages, ZEE5 truly presents a blend of unrivalled content offering for its viewers across the nation and worldwide. With ZEE5, the global content of Zindagi as a brand, which was widely appreciated across the country, has also been brought back for its loyal viewers.

Availability: The ZEE5 App can be downloaded from Google Play Store http://bit.ly/zee5 and iOS App Store http://bit.ly/zee5ios. Also available at www.zee5.com, as a Progressive Web App (PWA),

About ACT Fibernet

ACT Fibernet is India’s largest fiber-focused wired broadband ISP as on September 30, 2017 (in terms of number of fiber broadband internet subscribers from residential homes) (Source: India Broadband Market Overview – 2017 dated February 19, 2018, prepared by Media Partners Asia). Headquartered in Bangalore, ACT Fibernet has operations in 15 Indian cities as on December 31, 2017 with approximately 1.28 million customers.

Only 37% of Indian Organizations are Very Confident in Internet Security: Accenture


Companies globally could incur US$5.2 trillion in additional costs and lost revenue over the next five years due to cyberattacks, as dependency on complex internet-enabled business models outpaces the ability to introduce adequate safeguards that protect critical assets, according to a new report from Accenture. 

Based on a survey of more than 1,700 CEOs and other C-suite executives around the globe including 100 respondents from large enterprises in India, the report —Securing the Digital Economy: Reinventing the Internet for Trust  — explores the complexities of the internet-related challenges facing business and outlines imperatives for the CEO’s evolving role in technology, business architecture and governance.

The report notes that cybercrime from a wide range of malicious activities poses significant challenges that can threaten business operations, innovation and growth, and the expansion into new products and services, ultimately costing companies trillions of dollars. The high-tech industry faces the highest risk, with more than US$753 billion hanging in the balance, followed by the life sciences and automotive industries, with US$642 billion and US$505 billion at risk, respectively.

“Internet security is lagging behind the sophistication of cybercriminals, leading to an erosion of trust in the digital economy. Businesses need to drive industry wide collaboration to improve governance; fine tune their own business architecture including internal and external processes; and embrace technologies that enhance digital safety,” said Anindya Basu, Geographic Unit and Country Senior Managing Director, Accenture in India. “It’s a complex problem to solve, but inaction is not an option. Lack of trust can weigh heavily on the bottom line.”

Among the key findings: 77 percent Indian respondents believe that the advancement of the digital economy will be severely hindered unless there is dramatic improvement to internet security, and more than half (59 percent) of respondents said they are concerned that the internet is getting increasingly unstable from a cybersecurity standpoint and they are unsure how to react.

At the same time, 64 percent of Indian respondents believe that addressing cybersecurity challenges will require an organized group effort, as no single organization can solve the challenge on its own. With heightened concerns about internet security, seven out of 10 (69 percent) of executives would also welcome stricter business regulations imposed by a central organization or governing body.

The rapid emergence of new technologies is creating additional challenges, 82 percent of Indian respondents admit that their organization is adopting new and emerging technologies faster than they can address related cybersecurity issues, with two-thirds (68 percent) noting that cybersecurity issues have escaped their control due to new technologies such as the internet of things (IoT) and the industrial internet of things (IIoT). A majority (81 percent) also said protecting their companies from weaknesses in third parties is increasingly difficult, which isn’t surprising given the complexity of today’s sprawling internet ecosystems.

Also, on the minds of many senior executives: consumer data protection. Fueled by security concerns, 70 percent of respondents believe that consumers can’t trust the safety of their online identities when too much of their personal data is already available without restrictions.

Next Steps

The study outlines three actions that CEOs and other C-suite leaders can take to help improve the safety of the internet:

Governance: Join Forces with Other Companies and Govern Globally – Step up efforts to collaborate with other top executives, government leaders and regulators to better understand how to prevent new cyberattacks.

Business Architecture: Connect and Protect with a Model Run on Digital Trust – Become brilliant at the basics of cybersecurity. Fully protect business across the entire ecosystem of partners and supply chains.

Technology: Advance Businesses and Enhance Safety – Embrace new technologies, master IoT security, and prepare for the quantum challenge. Ensure that software security and update functions are embedded into mobile and IoT devices from initial design.
To read more about the concrete and critical actions for building a trustworthy digital economy, download “Securing the Digital Economy: Reinventing the Internet for Trust" at www.accenture.com/ReinventTheInternet.

Methodology

Accenture Research surveyed 1,711 C-level executives from companies with annual revenues of US$1 billion or more in October and November 2018 across 13 countries: Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Spain, Switzerland, United Kingdom and the United States. In-depth interviews were conducted with CEOs (61 percent), chief operating officers (20 percent), chief innovation officers (9 percent) and chief strategy officers (9 percent). The average cost of cybercrime was calculated as a percentage of revenue for each industry — including the cost of facing a large cyberattack from our analysis of 460 major incidents. The cost of cybercrime includes both the cost organizations incur when responding to cybercrime incidents as well as revenue losses. These industry percentages were then applied to global industry revenues to generate a 5-year model of value at risk by industry.

Mindtree Crosses $1 Billion in Annual Revenue During Q4 of 2019


Mindtree, a global technology services and Digital transformation company, announced its consolidated results today for the fourth quarter ended March 31, 2019 as approved by its board of directors.

“Mindtree has delivered exceptional performance for both the fourth quarter and the full fiscal year as we cross the historic $1B milestone. Over the course of two decades our strategy of being expertise-led and backed by a unique culture continues to help us attract world class people and create customer successes.” Rostow Ravanan, CEO & Managing Director, Mindtree. ” Our ability to consistently grow significantly faster than the sector is a reflection of the investments we have made to align with technology trends disrupting our industry. We are well-poised to continue delivering industry leading returns for all our stakeholders, the best is yet to come”.

Key financial highlights:

Quarter ended March 31, 2019

In USD:

o   Revenue at $ 262.0 million (growth of 4.2% q-o-q / 15.8% y-o-y)

Constant Currency growth of 3.9% q-o-q

o    Net profit at $ 28.2 million (growth of 5.0% q-o-q / growth of 0.3% y-o-y)

In INR:

o    Revenue at  ₹ 18,394 million (growth of 2.9% q-o-q / 25.6% y-o-y)

o    Net profit at  ₹ 1,984 million (growth of 3.8% q-o-q / growth of 8.9% y-o-y)

Other highlights:

Clients:

o    349 active clients as of March 31, 2019

o    $10 million clients grew by 2, total of 23

o    $5 million clients grew by 1, total of 45

o    $1 million clients grew by 4, total of 120

People:

o    20,204 Mindtree Minds as of March 31, 2019

o    Trailing 12 months attrition is 14.2%

BOTs*:

o    Automation is playing a significant role in modernizing our technology service delivery, enhancing both efficiency and speed-to-results for our clients.

o    We have deployed 576 BOTs as of March 31, 2019

*Software that acts autonomously, free from any interference, human or otherwise, to perform a significant task which will otherwise be performed by a human

·         Multi-year and multi-million-dollar wins:

Existing clients

o    For a large hospitality company, Mindtree extended its Digital presence into cloud migration services

o    For a leading multinational paints and coatings company, Mindtree is chosen as a Digital Partner to provide Digital service operations and support services

New clients

o    For a leading sports retailer, Mindtree is chosen as a Digital partner for their e-commerce platform covering both applications and infrastructure services for end to end support

o    Mindtree is awarded its largest Salesforce AMS contract to date by a leading tobacco giant. Under this contract Mindtree was chosen to provide support services for their Salesforce applications

o    Mindtree is chosen as an automation solution partner for an industry leader in revenue integrity for healthcare provider organizations to bring efficiency in their business processes

o    Mindtree is chosen as a strategic engineering partner for a leading web hosting company to provide sustainment and support services

Recognition:

o    The Zinnov Zones for Digital Services Report names Mindtree an overall Leader, as well as a Leader in the following sub segments:

* Digital Strategy & Consulting

* Application and Platform Development

* UI/ UX & Customer Experience

* Legacy Modernization

* Deployment & Integration

* Data Analytics & AI

* Infra & Managed Services

o    The 2019 ISG Provider Lens™ SIAM/ITSM Quadrant Report names Mindtree a Rising Star USA in Service Operation and Delivery

o    Mindtree named Leader for Digital Transformation and Leveraging Packaged Software Platforms archetypes in the 2018 ISG Provider Lens™ Next-gen ADM Services Archetype Report

o    Mindtree named Leader for Legacy Transformation and Cloud-first Transformation in the 2018 ISG Provider Lens™ Digital Business Transformation Archetype Report

o    Mindtree has been placed on The Best of The Global Outsourcing 100® list by the International Association of Outsourcing Professionals (IAOP)

o    Mindtree recognized as an Innovator in Avasant’s Applied Intelligence and Advanced Analytics Services RadarView™ Report

Announcements

o    The Board of Directors, at its meeting held on April 17, 2019, have declared an interim dividend of 30% (Rs 3 per equity share of par value Rs 10 each). The Board of Directors have also recommended a Final Dividend of 40% (Rs. 4 per equity share of face value of Rs. 10 each) for the financial year ended March 31, 2019 and a special dividend of 200% (Rs. 20 per equity share of face value of Rs 10 each) to celebrate the twin achievements of exceeding USD 1 billion annual revenue milestone and 20th anniversary of the Company which are subject to the approval of Shareholders.

Nutanix Introduces Cloud Computing Native Solutions for Enterprises


Nutanix, Inc., a leader in enterprise cloud computing, has announced the general availability of its Certified Kubernetes solution, Nutanix Karbon. Karbon is part of the Nutanix Cloud Native stack, bringing production-ready Kubernetes, persistence for Kubernetes applications, observability and monitoring for dynamic containers, and managed databases in one simple to deploy and manage offering. With this introduction, Nutanix customers will be able to leverage reliable, automated, secure and efficient services together with the Nutanix Enterprise Cloud Platform to develop and run both their virtual machine and container-based applications on-premises.

According to IDC, the container infrastructure software market is forecasted to grow from $131.1 million in 2017 to $1.55 billion in 2022, with most of the growth coming from on-premises deployments. Though much of the adoption to date has been with web-scale companies, it is now beginning to expand into enterprises. “Enterprises are just beginning to learn the technologies and change how they approach development and operations. Most enterprises are in research and experimentation mode, with only a very small elite segment having any real experience or deployments of containers today.” 1

Through Nutanix’s Cloud Native offerings, companies will be able to take advantage of simple, reliable on-prem tooling and automation required for fast development and continuous integration and continuous delivery (CI/CD) of scale-out applications for a cloud-like Kubernetes experience on-prem. This includes simple and fast deployment of Kubernetes in a private cloud, persistent block and file storage via CSI driver,  observability for their cloud-native applications and, once available, S3-compatible storage — all delivered with modern simplicity using the Nutanix Enterprise Cloud Platform that includes:

Nutanix Karbon: A simplified and production-ready Certified Kubernetes distribution that simplifies the provisioning, operations and lifecycle management of Kubernetes with a native experience. Karbon is included in the Nutanix Enterprise Cloud Platform.

Nutanix Volumes & Files: One of the more challenging aspects of cloud native applications is persistence. With Nutanix’s Container Storage Interface (CSI) and Volumes & Files products, adding high-performance storage to Kubernetes is simplified.

Nutanix Buckets: A software-defined object storage solution that will be able to non-disruptively scale-out while lowering overall costs. It's designed with an S3-compatible REST API interface to handle from terabytes to petabytes of unstructured data. Customers using Buckets will be able to natively leverage erasure coding, compression, and deduplication to optimize their capacity utilization. This S3-compatible platform will be able to be leveraged as central storage for all DevOps use-cases. Buckets is expected to be generally available by summer of 2019.

Nutanix Xi Epoch: An observability and monitoring service for cloud native applications that provides end-to-end real-time visibility into distributed application architecture, powered by 250+ technology native integrations. With Xi Epoch, customers gain insights into application, infrastructure, and orchestration management issues, enabling them to increase the reliability and performance of their Cloud Native applications.

Nutanix Era: A database administration tool that brings simplicity and invisible operations to database provisioning and lifecycle management (LCM). With one-click database provisioning and Copy Data Management (CDM) as its first services, organizations can provision, clone, refresh, and backup their databases to any point in time in just a few minutes.

“We have taken simplicity to a new level.” said Neville Vincent, VP A/NZ, ASEAN and India, Nutanix.  “Enterprises can now use Karbon to deploy and operate Kubernetes with a cloud-like experience in their private data centre - without having to master building and maintaining Kubernetes. As enterprises seek to remain relevant in a digital world, Nutanix will be there to help them modernize their applications, increase software development speed and ultimately add greater value for their customers”.

“Leveraging Nutanix Karbon, we can deploy a Kubernetes cluster in just a few minutes,” said Zach Hilliard, Senior Director of SREs at Cyxtera. “Prior to Karbon, this process was complex, tedious and very time-consuming. Now, we can focus more on our cloud native applications and not worry about the Kubernetes infrastructure.”   

Hyperacidity Prevalence is Growing Among Younger Populations; Abbott’s Digene Offers a Scientific Solution


New market research1 shows that lifestyle-related hyperacidity is a growing concern for consumers. In fact, 61 per cent of the population in urban India suffers from hyperacidity at some point in time. Abbott’s Digene, one of the key antacid brands in the country, is a scientifically proven solution to hyperacidity for modern-day hectic lifestyles.

While hyperacidity has traditionally been associated by consumers with life-stage or body type, new market research2 shows that consumers believe hyperacidity is increasingly rooted in the lifestyle they lead. Due to the pressures of urban life, consumers report consumption of more culprit foods than ever, erratic eating habits and an increase in stress and tension. And data from one study3 found that nearly 70 per cent of acid reflux patients were aged below 50 years. This indicates that hyperacidity and related conditions are increasingly being driven by lifestyle factors and are thus more prevalent among younger populations.

Digene is uniquely suited to address this growing problem. The product has been available in India for nearly 90 years, and is the #1 prescribed antacid among doctors4. Moreover, its efficacy is rooted in science. Digene has what is called high acid neutralizing capacity (ANC)5, which means it is very effective at reducing the acid in a person’s stomach to give them relief.

Dr. Srirupa Das, Director, Medical Affairs at Abbott explains, “Digene provides fast and effective relief based on science, with active ingredients that relieve symptoms and protect the stomach lining. This translates into better relief – which means people can get back to living their life.”

Moreover, Digene is the only antacid in India that is available in three formats, liquid, powder and tablet. It is easy to consume both at home and on the go.

In order to meet the underlying need and reach a broader audience, Digene has launched a new campaign focusing on providing a scientific solution to lifestyle-related hyperacidity, with the versatile Tapsee Pannu who talks about the issues related to life-style related hyperacidity. She represents the challenges and problems faced by modern day consumers.

Commenting on the scientific approach presented to younger consumers, Ambati Venu, Managing Director, Abbott India Limited said, “Research indicates one of the leading causes of hyperacidity is hectic and erratic lifestyle, which is common among today’s urban consumers. Digene is an effective solution that is trusted by most doctors in India. Importantly, the product is backed by science through its high acid neutralizing capacity. As we further grow our consumer portfolio in the country, Abbott is committed to providing scientific solutions to help people get and stay healthy.”

About Abbott

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 103,000 colleagues serve people in more than 160 countries. In India, Abbott was established in 1910, and is one of the country's oldest and most admired healthcare companies. With over 12,000 employees in the country, Abbott in India is helping to meet the healthcare needs of consumers, patients and doctors throughout urban and rural India.

Tech Giant IBM Using AI to Create Customised, Emphatic Chatbots


Chatbots may have become ubiquitous in recent times, assisting businesses in everything from bill payments to customer services, but these automated algorithms still struggle to grasp the nuances of human language and context of conversations.

In order to improve user-experience, researchers at IBM India are using artificial intelligence (AI) to make chatbots more emphatic and personalised so that they can meet a client's specific needs and provide business value at a much higher scale.

According to an estimate, chatbots are predicted to tackle a massive 85 per cent of customer service interactions by 2020. India is a key player in the chatbot market today where such services have been introduced by many banking and insurance companies, said Gargi B Dasgupta, director, IBM Research-India and CTO, IBM India/South Asia.

Banks and insurance providers, she explained, were the early adopters of chatbots in the country, helping customers for bill payments, mobile recharges, booking travel, so on and so forth. However, when it comes to making people feel comfortable, AI has a lot to learn, Dasgupta noted. A lot of available systems make building the first chatbot easy, but do not scale-up when you increase the scope of the chatbot or need to build several hundred more, she said. This, she said, is because of two main factors: overt dependence on the manual effort for creating chatbots which makes them both time consuming and brittle, and lack of an end-to-end fall-back plan with continuous learning and improvement.

“We at IBM Research are working towards training these applications with data by infusing AI and related technologies to help organisations get business value at a much higher scale,” Dasgupta said.

The tech giant's IBM Watson Assistant can be trained to represent a company's specific brand voice and values using that firm's customer and business data.

"Conversational agents are going to be a primary way people communicate and the AI that powers it needs to be very strong," Dasgupta said. "We work with several enterprise customers to enable their conversation agents to be more usable and affordable," she said.

“There are a couple of AI projects we at IBM Research India are doing on conversational AI,” Dasgupta said.

The technology, she noted, empowers more realistic conversational AI which is able to handle nuances of the user language and that can handle domain and context understanding.

The enterprise chatbot evolution in India started with everyone being impressed by the fact that they can have a 24/7 channel of communication with their customers.

In addition, they can delight their customers with an instantaneous response to their queries.

Further, many are looking at offering more services like register a claim, get a quote and help customers understand their various policies better. “Conversation is the most natural way for humans to interact with an AI system and the predictions are by 2024 this will be double-digit billion markets," said Sachindra Joshi, Manager — Conversational Platforms, IBM Research-India.

"Since human conversation is complex, contains forth and back references, is contextual, it poses a very interesting research problem to solve," Joshi told said.

"We have built chatbots using the research technologies for multiple external and internal clients. They have been running successfully now for 1-2 years," he said.

The researchers use deep learning techniques on conversations between end-users and human agents that provide support in traditional call centres.

Their analysis helps identify dominant problems or reasons for which end-users contact call centres as well gives insights on how experts agents handle those problems.

“These inputs are extremely valuable to build a chatbot. They reduce the manual effort and the initial build time as well as provide concrete ways to continuously improve the chatbot as it is being used,” Dasgupta said. “We have focused on continuous learning of conversation agents, scalable bootstrapping from documents and logs and innovative and expressive ways of dialogue design,” she said.

“As these technologies mature, users of chatbots will see an improved experience with the bot being able to learn from past conversations and get more effective,” she said.

"This should increase the proportion of successful conversations. Also bot designers will be able to use our tools to create conversation agents faster and make them more effective,” she said.

Joshi noted that one big challenge for chatbots in India is the support for local languages.

Ninety per cent of the new internet users are expected to be non-English speakers in the next few years.

Researchers, he said, are trying to work with linguists alongside technologists developing verticalised vernacular models for handling local languages.

"We have also developed deep learning techniques that help in creating chatbots in a data driven manner and have brought down the initial build time of chatbots from several weeks to only a few days," noted Joshi.

Researchers said while designing chatbots, it is crucial to keep in mind the affordability of creating chatbots and their usability.

Chatbots are only useful when they help a particular business function to improve, they said.

Tuesday, April 16, 2019

Jaya Kumar Appointed VP & Managing Director of Sabre Development Center in Bangalore


Sabre Corporation, the leading technology provider to the global travel industry, has appointed Jaya Kumar K as Vice President & Managing Director, for Sabre Global Development Center in Bangalore, reaffirming its commitment to transforming the future of travel and strengthening Sabre’s presence in India.

In his role, Jaya will be responsible for propelling the Centre’s innovation capabilities, as well as attracting key talent to deliver cutting-edge technology solutions.

Jaya comes to Sabre from Walmart, where he was Managing Director and Vice President, Global Technology Services, where he grew Walmart Labs India significantly, and established Centers of Excellences (CoE) for analytics across e-commerce and in-store technologies. Prior to that, Jaya also co-founded and built Neta, a pioneering data mining tool.

“As we continue to push the boundaries of technological innovation at all levels of the travel industry, we are pleased to have Jaya join the team to drive our development strategy forward, and ultimately, enable us to better serve our clients. The Global Development Centre in Bangalore is essential to our success, and I am delighted to have Jaya on board to spearhead Sabre’s efforts in driving the industry toward next generation retailing, distribution and fulfilment,” said Louis Selincourt, Senior Vice President, Sabre Global Development Center Operations.

Speaking on his new role, Jaya Kumar K - Vice President & Managing Director, Global Development Center – Bangalore, said, “I am delighted to be a part of the team. I want the Bangalore Center to be known as a dynamic growth engine that provides holistic career opportunities for professionals. My focus will be to make this Center a hub of opportunity for talented individuals while keeping innovation and creativity at the core of our operations. I look forward to a long and successful journey with the organization.”

Established in 2005, the Global Development Center in Bangalore has been driving innovation for Sabre’s global customer base of over 425,000 travel agents, 350 airline partners, and 40,000 hotel properties. The team supports multiple technology functions, including product development, enterprise data and analytics and operations research efforts, while providing customer care and support, implementation and consulting services, and delivering leading products and solutions to Sabre customers globally.

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