Archives December 2024

Protean enables India’s first-ever e-commerce experience on an OTT platform

December 13, 2024: Protean eGov Technologies Limited , a technology leader in Digital Public Infrastructure and a pioneer in developing innovative citizen–centric e-Governance solutions, achieves yet another milestone, by powering ONDC-Compliant e-Commerce feature on Waves – an OTT platform launched by Prasar Bharati

This ONDC -Compliant Buyer application, powered by Protean, will enable Waves’ users to browse and buy products, across categories live on the ONDC network, while enjoying their favourite movies or TV shows. This is the first time in India that an OTT player has integrated commerce experience with content, to make it a seamless experience for its users.

Speaking on this launch, Suresh Sethi, MD & CEO, Protean eGov Technologies said, “We are committed towards our efforts in accelerating the Digital India mission and empowering the adoption of ONDC across the country. Today’s digital consumer is constantly seeking newer services that makes life convenient and easy, and OTT has brought about that transformation in content viewing. With over 597Mn subscribers in India in the OTT space today, the opportunity to mix entertainment and shopping has never been bigger, to boost both engagement and ecommerce experience. The success of this pioneering initiative has immense potential to democratize ecommerce and building a level playing field for entities across sectors.”

Adding to it, Mr. T. Koshy, MD & CEO, ONDC said, “Integrating e-commerce into an OTT platform like WAVES is a milestone for India’s digital ecosystem. With the ONDC Network already driving innovation across domains such as multi-modal mobility, this latest initiative disrupts the OTT space by creating a unified experience where entertainment meets commerce. WAVES allows users to watch their favourite content while seamlessly discovering and purchasing products. The ONDC Network enables this transformation by connecting sellers from across the country with consumers directly. It’s an exciting moment as it showcases the potential of interoperable digital systems to not only enhance user experience but also provide unparalleled opportunities for businesses across all industries. WAVES sets a precedent for the convergence of technology, culture, and commerce, paving the way for future innovations.”

Speaking on this, Shri Sanjay Rakesh, MD & CEO, CSC SPV, said, “We are proud to collaborate with Protean eGov Technologies and Prasar Bharati on this ground breaking initiative that seamlessly combines entertainment with e-commerce. At CSC, our mission is rooted in empowering rural communities and marginalized groups through digital inclusion, ensuring they have access to essential services and opportunities. This unique integration on the Waves platform underscores the transformative power of digital public infrastructure, bringing technology closer to millions in rural India and creating avenues for digital empowerment.”

Protean is the Technology Service Provider (TSP) for the ONDC-powered Buyer application on Waves. As the TSP, Protean will handle all future enhancements (as per ONDC requirements) and the technological maintenance of the Shop interface within the application, to ensure a convenient user interface and a seamless user experience for Waves’ users.

Protean eGov Technologies has been a significant player in India’s digital infrastructure, contributing significantly to the development of Open Digital Ecosystems (ODEs). Protean is already contributing to the ONDC Network by powering its gateway & registry and has been providing innovative ready-, to use SaaS and PaaS solutions like Uniconnect a digital bridge that connects existing applications with the ONDC Network, Reconciliation & Settlement Framework which allows secure, transparent and seamless fund settlements, between network participants and ready to use Multi Domain Buyer and Seller Applications for faster GTM to enterprises who wish to expose their customer base to the ONDC Network.

ONDC has crossed the 50 million transaction mark. The platform continues to grow rapidly, with monthly transactions reaching around 10 million in recent months and is projected to grow to a whopping 30% of the ecommerce GMV and the number of transactions on ONDC is expected to exceed USD 12 Bn by 2030.

13-Year-Old Girl’s Scalp Replanted at Amrita Hospital

December 13, 2024: Amrita Hospital, Faridabad, has successfully conducted a complex scalp replantation surgery on a 13-year-old girl, saving her from permanent disfigurement and restoring her hope for a normal life. This rare and intricate procedure is unique in its own kind of advanced reconstructive microsurgery.

The young patient, hailing from Aligarh, Uttar Pradesh, suffered a traumatic total scalp avulsion when her long hair got caught in the fan of a generator at a local fair. She was rushed to a nearby hospital, where initial stabilization was done. However, due to the lack of specialized microvascular surgical facilities, her family sought further treatment. The patient was referred to Amrita Hospital after her parents contacted Dr. Sachin Gupta, a Pediatric Neurosurgeon, who recognized the advanced reconstructive surgical expertise available at the hospital. Dr Niti Gulati Batra Senior consultant and Assistant Professor, Department of Anaesthesiology, took special care in maintaining the stable hemodynamic status of the patient during surgery which forms the bedrock for the surgical work.

Dr. Mohit Sharma, HoD, Centre for Plastic & Reconstructive Surgery, Amrita Hospital, Faridabad said, “Total scalp avulsion is a devastating injury, and the success of replantation depends on timely intervention and advanced microvascular surgical skills. During the procedure, we carefully reconnected the blood vessels, nerves, and tissues to restore the scalp. The surgery lasted for over eight hours, and the patient’s recovery so far has been excellent.”

Amrita’s multidisciplinary team that includes experts in reconstructive microsurgery, anesthesiology, pediatrics, and critical care, made this surgery a success. The patient appearance has been restore to near normal level and she has already return back to school and living happy and normal life”, he added.

Dr. Sachin Gupta, Senior Consultant, Paediatric Neurosurgery, Amrita Hospital, Faridabad said, “By the time the patient reached Amrita Hospital, nearly 10 hours had passed since the injury. The hospital’s expert team of reconstructive surgeons immediately took up the case despite the challenges of delayed intervention.”

Dr. Vasundhra Jain, Senior Consultant, Plastic and Reconstructive Surgery said, “The patient’s scalp was ripped off when her hair got caught in the generator’s fan. If the scalp replantation had not been successful, the patient would have required skin grafting to cover her bare skull bones, leaving her permanently disfigured. This would have affected her emotionally and socially, especially at such a young age.”

Dr. Sanjeev Singh, Medical Director, Amrita Hospital, Faridabad said, “This successful scalp replantation surgery is a testament to the world-class infrastructure and medical expertise at Amrita Hospital. It highlights our commitment to transforming lives through advanced medical care.”

The young girl’s parents expressed their gratitude for the life-changing surgery. Her father said, “We were devastated when the accident happened and felt helpless seeing our daughter in such a condition. Coming to Amrita Hospital was the best decision we made. The doctors not only saved her life but also gave her a second chance at living a normal life.”

This remarkable achievement reinforces Amrita Hospital’s position as a leader in advanced reconstructive and microsurgical procedures in India.

TCS Leads Customer Satisfaction in France, Excels in IT Service Categories

DECEMBER 13, 2024: Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has been ranked number #1 for Customer Satisfaction in France, in the 2024 French IT Sourcing Study by Whitelane Research. This recognition reflects TCS’ steadfast commitment to innovation, customer-centric solutions, and measurable business outcomes, further strengthening its position in the French IT market.

The Whitelane Research 2024 French IT Sourcing Study, conducted in collaboration with the IT Consulting firm, Timspirit, surveyed over 200 business leaders from some of France’s largest enterprises, evaluating the performance of IT service providers across key areas. TCS achieved an overall satisfaction score of 83%, significantly outperforming the industry average by 8%. Notably, this marks the sixth consecutive year that TCS has received this recognition.

Jef Loos, Head of Sourcing Research Europe for Whitelane Research said, “In a fast-changing environment, Tata Consultancy Services continues to hold the top position in our extensive IT Sourcing Study for the 6th time in a row. This result underscore TCS’ excellence not only in IT services but also in consulting where the company continues to demonstrate unmatched expertise. In a new era where consulting firms are challenging established players by offering niche, agile services, TCS sets itself apart by delivering strategic consulting combined with robust, scalable solutions. This unique blend position TCS as a trusted partner for digital transformation across industries.”

TCS topped three out of four key performance indicators, reinforcing its reputation as a trusted partner for transformative business solutions. TCS received an 86% satisfaction score in Service Delivery (industry average: 78%), an 89% score in Account Management Quality (industry average: 77%), and an 84% score in Price Level (industry average: 67%).

Rammohan Gourneni, Country Head, TCS France, said, “In a challenging international financial context, we are proud to be recognized for the sixth consecutive year as the leader in customer satisfaction and a pioneer in digital transformation. This recognition underscores our ability to combine innovation with a deep understanding of our clients’ needs. Our ‘glocal’ model has proven its efficiency as we demonstrate how strategic partnerships can deliver value, agility, and excellence. By investing in local talent, opening delivery centres, and fostering collaboration across the ecosystem, we continue to position ourselves as the preferred partner for growth and digital transformation.”

The study also assessed IT service providers across five IT service categories, with TCS ranking first in three critical areas. This includes Digital Transformation, scoring 84% (industry average: 72%), Application Service 83% (industry average: 75%), and Workplace Services, 77% (industry average: 71%).

The survey, which gathered insights from top IT decision-makers in France also offered key insights into the changing IT services landscape in the region. This indicates a growing reliance on external IT providers to drive business outcomes. Over 38% of respondents recognized the role of IT partners in fostering innovation, an increase of 11% compared to 2023. Additionally, 53% emphasized the importance of IT providers in enabling their organizations to focus on core business functions up by +8% from 2023, while 48% credited IT providers as a crucial factor in reducing costs.

With the rise of Artificial Intelligence, TCS has continued to lead in empowering businesses and reshaping productivity across industries. The study revealed that 71% of respondents believe AI will significantly impact productivity in application services, 60% in digital transformation, and 59% in workplace services. These are the same areas where TCS ranked first, proving that AI is no longer a futuristic concept but a practical driver of value.

To support businesses in navigating AI-driven transformation, TCS‘ AI Center of Excellence at TCS Pace PortTM Paris plays a pivotal role. Since its opening in June 2024, the hub has facilitated rapid co-innovation with 12 companies, prototyping and scaling 20 AI-powered solutions tailored to specific challenges. Several of these solutions are already deployed across industries, showcasing tangible business results.

TCS has had a significant presence in France since 1992. It currently partners with over 80 leading French corporations, including 13 of the CAC40 companies. TCS’ leadership in customer satisfaction, coupled with its investment in local talent, new delivery centres, and ecosystem partnerships, reinforce its role as the preferred partner for digital transformation, growth, and sustainable innovation in France

Airace Technologies Revolutionizes Mapping at GeoSmart India 2024

Airace

13 December 2024: Airace Technologies, a trailblazer in precision mapping and geospatial innovation, made a significant impact at GeoSmart India 2024, one of the largest platforms for geospatial technology and innovation. At the event, Airace showcased its groundbreaking tools like the FX6i GNSS receiver and Airace One software suite, setting new benchmarks for precision and ease of use in industries like agriculture, construction, and infrastructure planning.

The event highlighted Airace’s commitment to making advanced geospatial solutions accessible to professionals across sectors. Visitors explored firsthand how Airace’s user-centric approach simplifies complex workflows, allowing individuals and teams to achieve millimeter-level accuracy even in challenging field conditions.

Swayambhu Mohanty, Co-Founder of Airace Technologies, expressed, “At Airace, we believe that technology should serve people, not intimidate them. Our goal has always been to make precision mapping tools that are not only powerful but also practical and affordable. From a farmer optimizing yields to an engineer designing critical infrastructure, our technology empowers users to make smarter, more confident decisions.”

Key Highlights from GeoSmart India 2024

Cutting-edge solutions on display: Attendees experienced how Airace’s FX6i GNSS receiver and software suite streamline workflows for various applications, such as land surveying, urban planning, and farming.

Local language support: Airace’s updated features, such as local language support and land measurement units like guntha, made the technology even more accessible to users across India’s diverse geographies.

Lifetime access: Airace’s commitment to making technology accessible was underscored by offering free lifetime access to the Airace One app, ensuring professionals always have access to the latest features without extra cost.

Innovative hardware: Airace introduced a new UHF antenna and IMU that enhances signal strength and precision, even in challenging environments. With these innovations, Airace continues to redefine ease of use for professionals in surveying, engineering, and agriculture.

Why Social Proof is Key for Real Estate Brands—and What Strategies Build Trust with Potential Buyers

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By – Mr. Jay Rathod, Founder & CEO of Koffeetech Communications

Imagine you’re searching for your dream home. It’s a big decision, not just financially but emotionally. How do you choose a brand to trust with this life-changing investment? For real estate buyers, the stakes are high, and trust becomes the deciding factor.

Social proof is the answer. It’s not just a marketing tool; it’s the bridge between skepticism and confidence, providing the assurance buyers need to take the next step. For real estate brands, especially in competitive markets like Pune, Mumbai, and Bangalore, building that trust is non-negotiable.

At Koffeetech Communications, we’ve partnered with leading real estate developers to establish credibility through compelling narratives, strategic social proof, and authentic engagement. Let’s dive into why social proof is so powerful in real estate and how to use it effectively.

The Psychology of Social Proof
People tend to trust the experiences of others, especially when making complex decisions like buying property. Social proof works because it validates those decisions through testimonials, reviews, and success stories.
In real estate, where emotional and financial investments intersect, this validation is invaluable. Buyers rely on social proof to ensure they’re making the right choice for themselves and their families. It’s not just about selling homes—it’s about creating trust that resonates deeply.

Why Social Proof Matters in Real Estate
Buying a home is one of life’s most emotional and financially significant moments. Buyers look for reassurance at every step. Here’s why social proof is critical for real estate brands:

1. Emotional Connection
A home is more than four walls; it’s a space for love, security, and dreams. Social proof speaks directly to these emotions, offering real stories that buyers can relate to.

2. Building Credibility
Buyers often approach real estate brands with caution. By showcasing reviews, testimonials, and case studies, you replace doubt with trust.

3. Simplifying Decisions
In a crowded market, buyers can feel overwhelmed by choices. Social proof provides clarity, giving them confidence to move forward.

4. Standing Out
In cities like Mumbai, Pune, and Bangalore, competition is intense. Social proof differentiates your brand by showcasing real experiences and genuine connections.

Proven Strategies to Build Trust with Social Proof
Social Proof is about more than collecting positive feedback. It’s about weaving those experiences into your brand’s story.

Customer Testimonials
A heartfelt testimonial from a satisfied homeowner can work wonders. Highlight stories that showcase how your brand delivered on its promises. For example, a young couple finding their first home. Testimonials humanize your brand, making it relatable and trustworthy.

Detailed Case Studies
Case studies highlight your brand’s problem-solving capabilities. Share the journey of a project from start to finish, focusing on how it met buyers’ needs. For instance, how a project in Pune catered to eco-conscious families with sustainable living features. These narratives provide concrete evidence of your expertise.

Encourage Online Reviews
Online reviews are essential in today’s digital-first world. They act as unfiltered endorsements of your brand. Respond to reviews professionally—whether they’re positive or critical. Acknowledging feedback shows your commitment to improvement and customer satisfaction.

Leverage Social Media
Social media is where potential buyers go to learn about your brand. Share user-generated content, such as photos of happy homeowners, community events, or celebrations within your projects. Real-life stories resonate far more than polished ads.

Partner with Influencers
Influencers lend credibility and visibility. Whether it’s a lifestyle blogger showcasing your project’s luxurious amenities or a sustainability advocate highlighting eco-friendly features. They can amplify your brand’s reach.

Promote Awards and Accolades
Awards are a powerful form of social proof. If your project has been recognized for excellence, highlight it across your marketing channels. These accolades reassure buyers that they’re choosing a reputable and trusted brand.

Share Community Stories
Real estate isn’t just about selling homes; it’s about building communities. Share stories that reflect the vibrancy of life in your projects—a neighborhood celebration, a weekend market, or children playing in a safe, secure environment. These narratives help buyers envision themselves as part of the community.

Offer Virtual Tours and Webinars
Virtual tours provide transparency and convenience, especially for out-of-town buyers. Webinars featuring developers, architects, or satisfied residents allow potential buyers to ask questions and build confidence in their decisions.

The Role of Koffeetech Communications
At Koffeetech Communications, we understand the nuances of real estate marketing. Social proof isn’t just about collecting reviews or testimonials—it’s about creating a consistent narrative that aligns with your brand’s values.
We help real estate brands in Pune, Mumbai, and Bangalore craft compelling stories that resonate. From managing online reviews to developing community-focused campaigns, our strategies are designed to build trust and foster long-term relationships.

A Closing Thought
Real estate buyers don’t just buy properties, they invest in their future, emotions, and dreams. Social proof is your opportunity to connect with them and replace uncertainty with confidence.
By implementing strategies like testimonials, reviews, and community storytelling, you can build a reputation that goes beyond selling homes.
Koffeetech Communications believes in the power of authentic connections. Let’s work together to tell your story, inspire trust, and turn potential buyers into lifelong advocates for your brand.

Celebrating a Decade and Beyond: Social Beat’s Legacy in Digital Growth

December 13, 2024: Social Beat, a trailblazer in digital marketing, celebrates 12 incredible years of driving growth for brands across India. Since its establishment in 2012, the agency has emerged as a trusted partner for over 100+ brands, delivering tailored strategies that fuel business success and redefine digital possibilities.

With a talented team of 300+ experts across 4 locations, Social Beat offers expertise in digital growth, performance marketing, influencer collaborations, and creative content to drive business outcomes. Its deep understanding of market trends and innovative solutions has helped clients achieve remarkable results in an ever-evolving digital landscape.

Speaking on this milestone, Suneil Chawla, Co-founder of Social Beat, said, “Over the last 12 years, Social Beat has evolved into a powerhouse of creative and media . We’re proud of the trust we’ve earned from our clients, the talent we’ve nurtured, and the impact we’ve made. As we look ahead, our commitment to driving measurable growth for brands remains stronger than ever.

The journey also includes the successful launch of sister ventures Influencer. in, a leading influencer marketing platform & agency, and D2Scale, an agency dedicated to scaling D2C brands. These initiatives have amplified Social Beat’s ability to provide 360-degree solutions for its clients.

Social Beat founders

Vikas Chawla, Co-founder of Social Beat, added, “This anniversary is a celebration of collaboration—collaboration with our incredible clients, our exceptional team, and our partners. It’s a testament to what can be achieved when passion and expertise come together. As we celebrate this milestone, we’re energized to shape the future of digital marketing with innovative and impactful solutions.”

As Social Beat embarks on its next chapter, the agency remains steadfast in its mission to build brands, deliver results, and inspire digital growth

10-Year-Old Treated for Dissociative Identity Disorder at Manasthali

December 13, 2024: Manasthali, a leading mental health and wellness center, has achieved a significant breakthrough in treating a child diagnosed with Dissociative Identity Disorder (DID), showcasing the power of compassionate care and evidence-based therapeutic approaches. The 10-year-old patient, called Aarav (name changed for confidentiality), exhibited severe symptoms of DID, including frequent memory lapses and alternating personalities. These were stemming from childhood trauma, as his family faced immense emotional and psychological distress and struggled to find effective solutions.

At Manasthali, Aarav underwent a holistic treatment programme combining psychotherapy, family counseling, and creative therapies like art and music. The multidisciplinary team of experts, including psychologists, psychiatrists, and child therapists, worked closely to address the root causes of his condition while empowering his family with coping mechanisms and support tools.

Over a year of consistent therapy, Aarav showed remarkable progress, achieving emotional stability and improved interpersonal skills. He now leads a healthy, balanced life, integrating his experiences while regaining a sense of self.
“Our mission is to provide hope and healing to individuals and families affected by complex mental health challenges. Dissociative identity disorder—a type of dissociative disorder—most often develops during early childhood in kids who are experiencing long-term trauma. DID is often misunderstood but is a profound response to severe trauma. Early diagnosis and compassionate, tailored treatment are crucial in helping patients reclaim their sense of self and lead fulfilling lives. Aarav’s journey reflects the importance of early intervention, personalized care, and a nurturing environment,” said Dr Jyoti Kapoor, Founder-Director and Senior Psychiatrist, Manasthali.

Manasthali is committed to transforming lives through comprehensive mental health solutions

Indian Music Diversity Celebrated at Serendipity Festival 2024 by IPRS

IPRS Stage

December 12th, 2024: The Indian Performing Right Society Ltd. (IPRS) is all set to launch the IPRS Stage, at the upcoming Serendipity Arts Festival 2024 in Panaji, Goa, from December 15 to 22. This vibrant platform promises to discover and promote emerging creators, regional artists, and hidden talents from across India, while celebrating the country’s rich cultural heritage. By focusing on regional, folk, and emerging artists, IPRS Stage aims to spotlight exceptional talent from even the remotest corners of the country. It offers them a unique opportunity to connect with music lovers, industry professionals, and renowned artists from leading music markets. Through this initiative, IPRS seeks to preserve India’s cultural heritage, empower local artists with the visibility they deserve, and bridge the gap between traditional and contemporary platforms, ensuring regional and folk music resonates with a broader audience and fosters collaboration and cultural exchange.

The IPRS Stage at Serendipity Arts Festival 2024 will present an exciting lineup of performances celebrating the diversity of Indian music. On December 16, Mythical Melodies, led by Dr. Ulka Mayur, will explore the ancient orgin of Indian music through evocative narratives and traditional instruments. On December 17, Project Folks-Wagon by Madhur Padwal will take the audience on a captivating journey through India’s folk traditions, featuring unique instruments and multilingual melodies. On December 20, Jaadoo Bastar by Daira will offer a harmonious mix of modern art-rock and traditional Bastar tunes, performed in Halbi, Bhatri, and Gondi.

A key highlight at the festival is the panel discussion scheduled for December 19, titled “Navigating Intellectual Property Rights in the Music Industry.” This session will bring together industry leaders to explore crucial topics like music publishing, copyright, licensing, managing rights and royalties for new-age creators. Panelists include Rakesh Nigam (CEO of IPRS), Atul Churamani (Managing Director of Turnkey Music & Publishing), Mayur Puri (lyricist, screenwriter, actor, and IPRS Board Member), and Rafael Pereira, (Executive Trustee of IMX). The discussion will provide invaluable insights for music creators, independent artists and industry professionals seeking to navigate the evolving music industry landscape.

Rakesh Nigam, CEO of IPRS, shares, “The IPRS Stage at Serendipity Arts Festival 2024 is more than a platform to showcase talent; it is a groundbreaking initiative designed to identify, empower, and celebrate the rich musical heritage of our nation and its creators. By spotlighting artists from diverse regions and remote corners of the country, it ensures every unique musical creation across genres gets the recognition it deserves, fostering creativity and appreciation for India’s cultural legacy. The IPRS Stage is a significant step in discovering emerging talent, showcasing India’s unparalleled musical diversity, and sharing it with audiences far and wide.”

Mayur Puri, songwriter, actor, and IPRS Board Member, adds, “The IPRS Stage will offer emerging and regional artists a chance to shine on a national platform, helping them connect with a wider audience and community of music creators across the country. It allows creators, particularly those from remote areas, to showcase their talent and share their stories through music. This initiative is about celebrating diversity, creativity, and the rich traditions of Indian music while shaping its future.”

With the IPRS Stage set to make its mark at the Serendipity Arts Festival 2024, this initiative promises to celebrate the transformative power of music and its ability to unite and inspire. IPRS invites everyone to join this celebration of talent, diversity, and creativity, while also engaging in thought-provoking conversations on the importance of intellectual property rights in shaping the future of Indian music.

Compliance Experts Gather at TeamLease RegTech Hyderabad Event

Roundtable

12 December 2024: TeamLease RegTech concluded its exclusive roundtable Compliance 3.0: Going Beyond Accidental Compliance in Hyderabad on December 11, 2024. Compliance officers, legal counsel, and company secretaries marked their presence from the industry in an in-depth discussion about the challenges facing India’s expanding regulatory landscape and developing sustainable compliance frameworks. Simplifying the complex ecosystem, creating a compliance-based culture in the organizations, and enabling technological innovation were identified as important steps toward building an effective regulatory ecosystem in the country.

At the length of the discussion, participants deliberated on the key compliance challenges employers face. These include the criminality associated with failure to comply, the complexity of the regulatory framework, a dynamic and fluid compliance environment, highly manual processes, and higher levels of regulatory scrutiny. The Indian regulatory universe is made up of 1,536 acts, which give rise to 69,233 compliances and 6,613 filings. Over 55% (843) of these laws carry imprisonment clauses. 2 out of 5 compliances (26,134) prescribe jail terms for contraventions, and 3 out of 5 can land you in jail for over a year. State-level legislation is responsible for 80% of these clauses. A significant chunk of these originates from labour laws, which account for 68% of imprisonment clauses. It was also highlighted that to make compliance easier, regulators must take the initiative and simplify regulations, cut down on redundancies, and encourage digitisation while maintaining accountability.

According to the discussants, key actionable items included using digital tools and systems to streamline compliance tracking, manage paperless documents, increase transparency, and rationalise overlapping and ambiguous regulations by applying the three-vector framework of rationalisation, digitisation, and decriminalisation. The representatives recognised compliance as a strategic imperative rather than a static function. Although they agreed that compliance requires a lot of resources, non-compliance costs are far more significant.

Compliance is not just staying on the right side of the law but strategic and deliberate choices that align with an organization’s values and long-term goals. This roundtable demonstrated how collaboration, innovation, and leadership can revolutionize compliance from a challenge into a competitive advantage, said TeamLease RegTech CEO and Co-founder Mr. Rishi Agrawal.

Analyst Highlights ‘Willow Effect’ in Google’s Quantum Chip Launch

12th Dec. 2024, New Delhi : Recently Google launched a new Quantum Chip known as Willow which is based on superconducting Qubits that takes just five minutes to complete tasks that would take 10 septillion years for some of the world’s fastest conventional computers to complete. This has been achieved through highly error corrected 105 supercomputing qubits fabricated to make a 4cm squared quantum computing chip with tunable couplers and connectors leading to higher coherence time.

5 Jewels Research’s Analyst sees this new Google’s Quantum Chip Willow as a driver for massive Quantumization leading to higher adoption of Quantum Technology and Quantum Computing in various applications. At present Google tested this new Quantum Chip Willow on Random Circuit Sampling (RCS) benchmark, however commercial applications for such high performing Quantum Chip have yet to be evolved and deployed.

Giving his analyst perspective on recent achievements of Google in Quantum Computing, Chief Analyst of 5 Jewel Research (5JR) at Innogress Mr Sumant Parimal said “Demonstration of extraordinary Quantum Advantage by Google through its newly launched Quantum Chip Willow is clear indication that Quantum Hardware is now getting ready for bringing large scale disruptions in classical computing ecosystem, however our industry and users need to align with these new developments by creating and adopting new generation Quantum Software Applications for businesses, consumers, markets, public and governments to be hosted on these quantum hardware. We see this willow chip launch as a driver for massive quantumization from the present-day digitization, hence calling it as ‘Willow Effect’ of Quantum Computing Era”.

“Few years back, we were facing challenges like obsolescence of Moore’s Law and classical hardware not meeting future needs of the AI and other complex applications, however recent developments in Quantum Hardware like launch of Willow have opened up new windows of opportunities for developing even complex Quantum-AI applications for solving many unsolved and unseen problems of the world. Our business and real-world applications are yet to be developed for harnessing new capabilities of the fast-emerging Quantum hardware like Willow. That’s why we see large scale potentials of new generation Quantum-AI software applications development and adoption in market” adds 5JR’s Chief Analyst Mr Sumant Parimal.

5JR Analyst also believes that along with new use cases getting evolved for Quantum Technology and Quantum Computing, there are needs to evolve demonstrable business cases and cost benefits in favor of adopting Quantum Technology, Solutions and Uses Cases. Until that happens it becomes difficult for mainstream investors and firms to invest in the new generation Quantum Tech. projects and solutions.

Most of the investments in Quantum Tech. is coming from the public funds like National Quantum Missions of various Govts. across the World.

Hence as per 5JR Analyst, stronger business cases and use cases for generating predictable business values shall act as catalyst in enhancing private sector investments in Quantum Technology.