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TWTW Weekly Wrap Up: 9-15 Oct
"EdTech will be the great leap into India’s digitalisation, bridging the literacy gap and developing the nation." — Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra
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Last Week’s Latest
- Verisk, a global data analytics company, has created a geolocation solution for commercial and residential risk assessment, creating an inventory of commercial and residential structures using geospatial data and proprietary technology.
- Vista Equity Partners has agreed to acquire KnowBe4, a publicly traded cybersecurity company, for USD 4.6 billion.
- Mercedes-Benz and Microsoft announced a collaboration to use Microsoft Cloud for a data platform that would increase manufacturing efficiency at over 30 passenger car factories across the world.
- Sunstone raises USD 925 million in private equity funding to support growing technology companies, with investments ranging from USD 50 million to USD 150 million in equity capital per portfolio business.
- Perfect Presentation, a Saudi IT firm, is set to seek a valuation of up to USD 1 billion from a local offering.
- Indian companies will maintain IT spending stable in 2022, with consumer and enterprise spending growing at 13 per cent YoY this year, down from 25.3 per cent YoY in 2021.
- Indian Edtech firms spent a whopping Rs 3,500 crore to boost the learning ecosystem, teachers claim that Edtech has expanded job opportunities - Survey by India Edtech Consortium.
- Sanchiconnect aims to invest USD 50 million in Indian deep-tech, facilitating investments in both early-stage and growth-stage enterprises interested in AI/ML, Blockchain, Drones, and Renewable Energy.
- RBI to extensively use advanced analytics, AI/ML to analyse and improve regulatory supervision on banks and NBFCs, seeks an advantage of advanced analytics for the Department of Supervision in the central bank
- UGC Chairman M Jagadesh Kumar announces the launch of a Digital University in July 2023, with the goal of teaching students in job-related skills.
Focused Story Of The Week #2: Cloud Computing – Transforming The Manufacturing Industry
Mercedes-Benz and Microsoft announced a partnership to leverage Microsoft Cloud for a data platform that would boost production efficiency at over 30 passenger vehicle facilities worldwide. Manufacturing digitalisation has enabled new levels of efficiency, with business intelligence allowing for the fine tuning and optimisation of every area of the organisation. To support a more robust and agile company, manufacturers are enhancing and frequently replacing manually generated KPIs and automating data acquisition.
Cloud-based manufacturing software provides benefits that are unattainable and more cost-effective than in-house IT for many manufacturing enterprises. This is crucial for web-based businesses that require access from any place. The advantages of implementing cloud-based manufacturing software are as follows: Access to the Most Recent Advancements Lower Initial Investment. Scalability, less reliance on in-house IT, and accessibility.
As Industry 4.0 technologies improve and security and regulatory concerns fade, the trend toward more cloud computing use will continue. Cloud-based solutions will have an influence on how factories run in terms of production, inventory management, maintenance, and scheduling. And the flexibility to modify, scale, control, and deploy in an agile and competitive manner means that a company's cloud may be personalised to fulfil specific goals and give that company's unique value to its clients.
"Cloud computing is empowering organisations worldwide, helping them leverage it to innovate cheaper and faster."