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TWTW Weekly Wrap Up: 29 Jan-4 Feb

"As the hardware catches up with the software, the adoption of Metaverse across industries and households is going to multiply, allowing Metaverse to achieve its potential." — Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra

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Last Week’s Latest:

•MUFG, Japan’s largest bank, launches USD 100 million fund for Indonesian startups

•Egyptian financial services provider MNT-Halan valued at USD 1 billion in USD 400 million funding

•Sentra raises USD 30 million to provide a security layer for data in the cloud

•Bitcoin-based app Strike expands in Philippines to grow cross-border payment solutions

•Meta’s Quest 3 headset will have better mixed reality tech, according to Zuckerberg

•US, India elevate strategic partnership under iCET, launch initiatives to expand technology partnership

•With the 5G roll-out now gaining momentum in India, the Centre on Wednesday, February 1, 2023, announced to set up 100 labs in the top engineering institutions to develop 5G apps and services.

•Dell Technologies Partners with Startup India to Empower Startups Scale and Leverage the Right Technology to Drive Innovation

•Air India to use cloud software app to enhance end-to-end safety management

•Optiblack, a leading SaaS product consulting and development firm and Mixpanel, announced a strategic partnership to help companies make sense of their data and user behavior to help drive user adoption.

Focused story of the Week #1: Metaverse – Time for hardware to catch up with the software

The world of Metaverse was abuzz with anticipation as the launch of Meta's Quest 3 headset quickly approached. For months, users had been eagerly awaiting the release of the newest headset from Meta, the leader in virtual reality technology. The new Quest 3 headset promised to take VR to a whole new level, offering a fully immersive 3D experience. The headset would come with a range of sensors designed to make the game feel more realistic, while the 3D audio would make it so that users could truly feel as if they were inside the metaverse. 

The news of the Quest 3 headset had been met with enthusiasm from gamers, and many news outlets have been reporting on its potential impact on the Metaverse. The headset is expected to revolutionize gaming in the Metaverse, allowing for gamers to explore new worlds and take part in new adventures in ways never before possible. 

With the Quest 3 headset, gamers will be able to experience the Metaverse in a more realistic and immersive way. Furthermore, the headset will be compatible with a range of existing and upcoming games, making it easier than ever for gamers to find and play games in the Metaverse. This will mean more people will be able to experience the Metaverse and more innovative games will be developed. 

The potential impact of the Quest 3 headset on the Metaverse is immense, and it will likely make the Metaverse even more popular and enjoyable for gamers. It is no surprise that gamers and users around the world are eagerly awaiting the launch of the Quest 3 headset and the launch of the Metaverse.

"As the hardware catches up with the software, the adoption of Metaverse across industries and households is going to multiply, allowing Metaverse to achieve its potential."

Focused Story of the Week #2: Cloud Based Solutions making the sky a safer place

We’ve all heard stories of airline disasters that have sadly ended in tragedy. It’s no surprise that safety is a key priority in the airline industry, especially when it comes to ensuring the safety of passengers, crew and the aircraft itself. But did you know that cloud software apps are now playing a major role in the end-to-end safety management of airlines? 

From pre-flight maintenance checks to post-flight incident analysis, cloud software apps are helping airlines manage their safety processes more effectively and efficiently. Cloud software apps give airlines comprehensive oversight over their entire safety management system. With real-time tracking, airlines can ensure that all safety-related tasks are completed on time and efficiently. This helps prevent any potential safety issues before they become a problem. Cloud software apps also provide airlines with a single point of reference for safety-related tasks. This means that all relevant safety information related to a flight can be easily accessed, allowing airlines to quickly identify any potential issues and take the appropriate steps to address them. 

Cloud software apps provide airlines with the ability to easily share safety information and data with other airlines and relevant third-party stakeholders. This helps ensure that all parties involved have the necessary information to safely and successfully operate aircraft. 

So, the next time you are worried about an airline disaster, take comfort in knowing that cloud software apps are playing a major role in helping airlines better manage their end-to-end safety operations. Air India’s decision of implementing cloud software app for end-to-end safety management is a positive step towards ensuring the safety of its passengers.

"By making the process of managing safety documentation easier, faster, and more secure, cloud-based solutions are helping airlines ensure a safer and more efficient travel experience for everyone."