Category technology

SUBANG JAYA, Malaysia, July 17, 2024  — ViewSonic Corp., a leading global provider of visual solutions, is proud to announce the arrival of a full range of gaming monitors in Malaysia. The first 240Hz refresh rate mode in VX series, the VX2758A-2K-PRO-3, is a state-of-the-art gaming monitor designed to deliver an unparalleled gaming experience. Featuring a stunning 27-inch display with 2K resolution, a blazing-fast 240Hz refresh rate, and an ultra-responsive 1ms response time, the VX2758A-2K-PRO-3 is set to become the new gold standard for competitive first-person shooter games like Valorant, PUBG PC, Apex Legends, CSGO and others.

The VX2758A-2K-PRO-3’s 240Hz refresh rate ensures that even the most fast-paced, action-packed games are rendered smoothly and fluidly, providing gamers with a significant edge in responsiveness and precision. Combined with the 1ms response time, this monitor virtually eliminates motion blur and ghosting, allowing players to react instantly to in-game events and maintain a competitive advantage.

“We designed the VX2758A-2K-PRO-3 to cater to the diverse needs of gamers. Additionally, our lineup includes the 27″ and 24″ 180Hz VX2779-HD-PRO and VX2479-HD-PRO IPS gaming monitors. These models are crafted to meet the demands of today’s most discerning gamers,” said Mr. Chaw Foo Hong, Country Manager at ViewSonic Malaysia. “Featuring high refresh rates, rapid response times, and stunning visual clarity, these monitors provide an immersive and seamless gaming experience that’s second to none.”

Key Features of the VX2758A-2K-PRO-3:

• 27-Inch 2K Display: Enjoy vibrant, crystal-clear visuals with a resolution of 2560×1440 pixels.
• 240Hz Refresh Rate: Experience ultra-smooth gameplay with no lag or stuttering.
• 1ms (MPRT) Response Time: React faster with minimal motion blur and ghosting.
• AMD FreeSync™ Premium Technology: Eliminates screen tearing and stuttering for a more fluid gaming experience.
• Color Gamut: NTSC: 92% size (Typ) sRGB: 130% size / 99% coverage (Typ)
• Multiple Connectivity Options: Dual HDMI 2.1, DisplayPort 1.4

SINGAPORE, July 17, 2024 — Bossjob, an AI-Driven Talent Matching Next-Generation Recruitment Platform, proudly announces its admission into the prestigious NVIDIA Inception Program. This selection highlights Bossjob’s exceptional innovation in leveraging AI to revolutionize job-matching, marking a significant milestone in its journey to transform recruitment.

Why the Program

NVIDIA Inception is a program designed to accelerate the growth of startups by providing access to advanced technology and resources. Being accepted into this program validates Bossjob’s innovative work and positions it for continued success in AI-driven job matching.

“This participation in the NVIDIA Inception Program reflects the commitment to revolutionizing the job matching process through AI innovation,” said Quak Kiat How, COO and Co-founder of Bossjob. “In the era of Machine Learning and Large Language Models, Bossjob is privileged to build its own model on the shoulders of NVIDIA, constructing a new-generation talent matching engine. The H100 provides substantial support, and after two beta version tests, it will soon be deployed in Bossjob’s production environment.”

Advancing AI Matching Capabilities and Transition to Proprietary Models

Bossjob’s platform currently utilizes Amazon Personalize’s ML recommendation engine for its matching algorithm. While this scalable, public cloud-based framework has been effective, its customization capabilities presented some limitations in fulfilling Bossjob’s long term vision of becoming a best-in-class AI hiring solution. One significant drawback is that job recommendations are not based on real-time data, leading to new employers and job seekers not receiving timely recommendations. This limitation formed the impetus to seek a solution that is not only scalable but also a highly customizable ML framework that provides users with near-instant AI recommendations to ensure best-in-class job matching at unprecedented speeds.

As part of its future plans, Bossjob is developing an in-house recommendation model using machine learning frameworks such as TensorFlow. Initial experimentation with a custom superserver powered by the Nvidia H100 Tensor Core GPU has shown promising results. This transition to NVIDIA’s state-of-the-art GPUs will allow the company to achieve faster, more robust, and cost-effective scaling across additional job markets.

The main benefits of developing a proprietary recommendation model include greater customization and control, enabling Bossjob to quickly adapt and expand into new regions. The NVIDIA H100 servers will significantly enhance Bossjob’s proprietary training model’s speed and robustness, ensuring that it continues to provide top-tier AI-driven job matching services. This enhancement will streamline operations, leading to more efficient job matches and a superior user experience.

The Journey to Hyperscaled AI

Reaching 3 million users and 10 000+ daily active applications in 2023 across the Philippines and Singapore job markets, the next step in scaling up Bossjob’s recommendation algorithm requires substantial data for machine learning frameworks to be effective at predicting relevant matches. These substantial datasets allow the algorithms to perform at optimal levels, ensuring high accuracy and relevancy in job matches.

Acceptance into the NVIDIA INception program is a crucial step in the AI powerhouse’s validation of Bossjob’s mission and vision. Bossjob is excited and proud to be part of this prestigious group, gaining deeper cooperation and access to NVIDIA’s suite of Enterprise AI infrastructure.

Next Steps and User Benefits

The company sets its sights on scaling its recommendation engine towards new job markets in Southeast Asia, as well as Japan, a leading G7 economy which is currently facing a growing need for job matching domestically and internationally. With the support of NVIDIA Inception, Bossjob will continuously refine its recommendation engine, improve operational efficiency, and provide users with faster, more accurate job matches, enhancing their overall experience on the platform.

CHENNAI, India, July 17, 2024 — In the bustling fintech ecosystem, Brioworkx stands out as a beacon of innovation. Their expertise spans fintech platforms, e-publishing, web and app development, and digital marketing services. The company’s latest achievement has been the successful launch of a highly profitable financial product aggregator website that seamlessly integrates loans, insurance policies, and mutual funds from various providers. This showpiece stands as a testament to Brioworkx’s expertise in building a cutting-edge product.

As a part of his decade-long experience with several Fortune 500 companies, Naresh Rajaram has worked with several emerging technologies — some established ones and some developing ones, like ML and AI — to streamline work across various functions. Despite the widespread usage of AI and ML, a majority of companies were still struggling to implement and build on this edge tech.

To make a difference in this thriving AI and ML ecosystem, Naresh started Brioworkx in 2016. He started it with a mission that AI would be at the forefront of the future and several other services to bridge the current skill gaps in various fields, like web development, data science, and e-publishing services. In these 6 years, after completing different projects in multiple fields, like fintech, the educational sector, e-publishing, and gaming, Brioworkx stands tall in the IT ecosystem as a leader that can build more brilliant businesses at scale.

Brioworkx, an innovative IT company based in Chennai, has carved a niche for itself in the competitive landscape of financial technology. The company’s latest achievement is the successful launch of Fincover. This leading fintech aggregator website specializes in seamlessly integrating loans, insurance policies, and mutual funds from various providers.

Leveraging State-of-the-Art Technologies

Their fintech product aggregator, Fincover, is a testament to their prowess in modern web development. The product’s front end is built using React, JavaScript, and CSS, ensuring a dynamic, responsive, and user-friendly interface. React’s component-based architecture allows for flawless development, while CSS and HTML-5 ensure the best interface and smooth navigation.

On the backend, Brioworkx has employed Golang, PostgreSQL, and GraphQL. Golang, known for its high-scale performance and robustness, ensures the website can handle high traffic with minimal latency. PostgreSQL provides a scalable and robust database solution, while GraphQL’s flexible API design enables seamless data interaction. Built using these powerful combinations, the platform tends to scale as the user base grows.

Diversified Service Offerings

Beyond its flagship aggregator platform, Brioworkx has expanded its horizons with a suite of various service offerings in diverse fields, such as gaming, payment systems, and digital marketing systems, for multiple companies.

• E-Publishing Services: Sensing the increased demand for digital content, Brioworkx provides comprehensive e-publishing solutions, helping authors and publishers bring their work to the digital space
  Web and App Development Services: Leveraging their expertise in modern web technologies, Brioworkx offers bespoke web and mobile application development services, integrating AI and ML technologies to develop cutting-edge, technologically superior products.
• Digital Marketing Services: In an era where digital presence is paramount, Brioworkx’s digital marketing services help businesses enhance their online visibility and reach their target audiences effectively. Brioworkx provides a range of digital marketing services, such as content marketing, e-mail marketing, SEO, and PPC.
  Insights from the Leadership

Naresh Rajaram, the founder of Brioworkx, comments that the company’s success is deeply rooted in staying ahead of technology trends. “The rapid evolution of web technologies has been both a challenge and an opportunity for us.” He adds, “By adopting React for our front end and Golang for our back end, we ensure that our platforms are updated and future-proof. The use of GraphQL, in particular, has been a revelation, allowing us to build flexible APIs, significantly enhancing the user experience.”

The CTO adds, “Our commitment to innovation extends beyond our technology stack. We constantly integrate AI and machine learning into our offerings to provide even more value to our clients.”

Financial Forecast for FY 24–25

Looking ahead, Brioworkx is optimistic about its revenue and reputation in the already crowded market. With their cutting-edge fintech platform, Fincover gaining traction in the fintech ecosystem and their diversified portfolio of services, the company expects a significant revenue increase for the fiscal year 2024–2025. Currently, they are developing a native Android application for their product Fincover, which is on the verge of completion and about to hit the market around Aug 15. The app promises to be a gamechanger in the fintech ecosystem, when it comes to user-experience for customers and point of sale personnel.

Naresh says, “We are projecting a 30% growth in revenue, which is driven by the constantly increasing user base of our aggregator platform and also with some other projects in the pipeline,” states the CFO. “Our strategic investments in technology and talent have paid rich dividends, establishing us as a force to reckon with in the upcoming years,” he concludes.

ENGALURU, India – July 17, 2024 – Samsung, India’s largest consumer electronics brand, announced record pre-orders for its sixth-generation foldable smartphones – Galaxy Z Fold6 and Galaxy Z Flip6. In the first 24 hours, pre-orders for Galaxy Z Fold6 and Z Flip6 jumped 40% higher as compared to the previous generation foldables, making the new Z series the most successful in India.

Pre-orders for Galaxy Z Fold6 and Z Flip6 opened on July 10 in India, along with the rest of the world. The new smartphones, along with the recently-launched ecosystem devices – Galaxy Watch Ultra, Galaxy Watch7, Galaxy Buds3 Pro and Galaxy Buds3 – will go on sale in India starting July 24, 2024.

“We are delighted with the consumer response for our new foldables – Galaxy Z Fold6 and Galaxy Z Flip6 in India. The 1.4x growth in pre-orders for the new foldable smartphones shows that Indian consumers are among the fastest adopters of new technology. Our new foldable smartphones, now in their sixth generation, open the next chapter of Galaxy Al and elevate the user experience to new heights, enabling a range of unique mobile experiences across communications, productivity and creativity. The success of Galaxy Z Fold6 and Galaxy Z Flip6 will help us consolidate our premium segment leadership in India,” said Raju Pullan, Senior Vice President, MX Business, Samsung India.

For Indian consumers, Galaxy Z Fold6 and Z Flip6 are being manufactured at Samsung’s Noida factory. The new foldables are the slimmest and lightest Galaxy Z series devices ever, and come with perfectly symmetrical design with straight edges. The Galaxy Z series is also equipped with enhanced Armor Aluminum and Corning Gorilla Glass Victus 2, making this the most durable Galaxy Z series yet.

Galaxy Z Fold6 and Flip6 are equipped with the Snapdragon® 8 Gen 3 Mobile Platform for Galaxy, the most advanced Snapdragon mobile processor yet, combining best-in-class CPU, GPU, and NPU performance. The processor is optimized for AI processing and offers enhanced graphics along with improved overall performance.

The Galaxy Z Fold6 offers a range of AI-powered features and tools – Note Assist, Composer, Sketch to image, Interpreter, Photo Assist and Instant Slow-mo – to maximize the large screen and significantly enhance your productivity.

Galaxy Z Fold6 now comes with 1.6x larger vapor chamber for longer gaming sessions and ray tracing supports life-like graphics on its 7.6-inch screen that offers a brighter display of up to 2,600 nit to deliver more immersive gaming.

The Galaxy Z Flip6 now offers a range of new customization and creativity features so you can make the most of every moment. With the 3.4-inch Super AMOLED FlexWindow, you can use AI-assisted functions without even needing to open the device. You can reply to texts with suggested replies, which analyzes your latest messages to suggest a tailored response.

FlexCam now comes with the new Auto Zoom to compose the best framing for your shot by detecting the subject and zooming in and out before making any necessary adjustments. The new 50MP Wide and 12MP Ultra-wide sensors provide an upgraded camera experience with clear and crisp details in pictures. The new 50MP sensor supports 2x optical zoom for noise-free photos, while offering AI zoom for an advanced shooting experience with up to 10x zoom. Galaxy Z Flip6 now comes with enhanced battery life and gets a vapor chamber for the first time.

Samsung Knox, Samsung Galaxy’s defense-grade, multi-layer security platform built to safeguard critical information and protect against vulnerabilities with end-to-end hardware, real-time threat detection and collaborative protection, secures Galaxy Z Fold6 and Z Flip6.

16/07/2024- Every year on July 16, we mark AI Appreciation Day to celebrate the incredible advancements in artificial intelligence. AI, a field of computer science focused on creating systems capable of human-like intelligence, has significantly impacted our daily lives and industries alike. From simplifying routine tasks to revolutionizing entire sectors, AI has become indispensable.

Experts highlight the vast potential of AI across diverse fields such as healthcare, finance, agriculture, education, and manufacturing. This technology collaborates seamlessly with humans, offering solutions to complex challenges and driving innovation.

Mr. Padmakumar Nair, CEO & Co-founder of Ennoventure, Inc.

‘’On this Artificial Intelligence Appreciation Day, we recognize the transformative power of AI in reshaping our world and enhancing our daily lives. This year’s theme, “AI 4 Society,” underscores AI’s pivotal role in cultivating a society that is not only more innovative but also more reliable and inclusive. Artificial intelligence is no longer a distant dream; it is a present reality driving progress and positive change across all sectors.

At Ennoventure, Inc., our mission is to use artificial intelligence’s transformative potential for the good of society. Our solutions are carefully crafted to safeguard customers and businesses while guaranteeing the safety and authenticity of products in international marketplaces. We want to stimulate innovation and have a beneficial social impact by placing a high priority on ethical and responsible AI development. Our goal is to use AI to make the world a safer and more inclusive place.

As we navigate the complexities of AI governance, our commitment to ensuring that AI serves as a force for encouraging innovation, security, and trust in every community we touch remains unwavering. We believe that by working together, we can create a future where AI serves as a powerful tool for enhancing the quality of life for everyone.”

Mr. L Srinath Reddy, Managing Director, Raminfo Limited.

“At Raminfo, we celebrate the power of AI to transform industries, innovate solutions, and empower progress. In our journey, AI has revolutionized how we analyze complex data, enhancing decision-making, optimizing processes, and delivering insights that drive meaningful outcomes. We are introducing a cutting-edge neural network that will leverage AI to simplify intricate data analysis, making it more accessible and actionable for our clients. Today, on AI Appreciation Day and beyond, we continue to leverage AI’s capabilities to pioneer advancements in e-governance, IoT analytics, engineering, education and skill development, Agri & Logistics, and energy sectors shaping a future where possibilities are limitless. We also commend the progress made in the deep tech policy, as the government plans to introduce measures to unlock long-term funds and support for deep tech startups, reinforcing our commitment to innovation and sustainable growth through advanced technologies.”

Mr. Amitabh Misra, CTO, Sprinklr:

“The AI landscape today is rapidly evolving, and we stand at the cusp of transformative change. As we look ahead, we see AI not just as a tool, but as a fundamental shift in the way we operate and innovate. We have witnessed firsthand the transformative impact of AI, and this has driven us to integrate it into our own products, such as the Sprinklr Digital Twin. This new AI technology transcends traditional conversational AI chat bots, providing a more comprehensive and effective solution. At Sprinklr, we are building in India, for India and we are committed to leveraging AI to drive progress and innovation. On this AI Appreciation Day, we look forward to continuing to harness the power of AI to drive progress and innovation in the years to come.”

Mitesh Jain, Regional Vice President – India, Akamai Technologies

“AI’s integration into IT operations has had a profound impact by driving innovation and efficiency, fundamentally transforming how businesses operate. This has been revolutionizing the IT industry by automating a broad spectrum of tasks, from basic data entry to complex software coding. This paradigm shift has enhanced efficiency and fostered innovation, empowering IT companies to deliver more sophisticated and intelligent solutions. By integrating AI, companies can now streamline operations, cut costs, and deliver higher-quality services. This transformation has become crucial for maintaining competitiveness in a global market increasingly dominated by advanced technologies.

To adapt, the industry must embrace AI-driven changes, foster collaborations with AI startups and invest in reskilling its workforce. At Akamai, we leverage AI to enhance security, optimize performance, and deliver seamless digital experiences. Our AI-driven solutions, such as advanced threat detection and the Guardicore AI Chatbot, underscore our commitment to innovation and excellence, ensuring we remain at the forefront of the IT industry’s transformation. As we celebrate AI’s contributions, Akamai remains steadfast in pushing the boundaries of what’s achievable with AI, continuously innovating to deliver secure, reliable, and high-performance digital experiences.”

Jayaprakash Nair, Senior Engineering Leader – Data Science at Altimetrik

“AI has swiftly transformed from a futuristic concept to a tangible force, driving innovation and efficiency across various industries. According to a report by IBM 59% of Indian enterprises have implemented AI, the highest percentage among the surveyed countries. This widespread adoption highlights AI’s growing prowess and impact on business operations and strategy.

A significant development in AI’s evolution is its verticalization, where AI solutions are tailored to meet the specific needs of different industries. For example, AI is revolutionizing sectors like healthcare with predictive diagnostics, retail with optimized supply chains, and manufacturing with enhanced precision through automation. This targeted application of AI ensures that implementations are highly relevant and practical, driving substantial value and fostering industry-specific advancements.

Artificial Intelligence (AI) has rapidly emerged as a transformative force, revolutionizing various sectors by enhancing efficiency, innovation, and overall effectiveness. As we celebrate AI Appreciation Day, we take this opportunity to recognize and honor the remarkable advancements AI has brought across different industries. Leading voices from the logistics and supply chain sector, startup ecosystem, and industrial operations share their insights on AI’s significant impact and the promising future it holds.

Suchita Vishnoi, Co-Founder & CMO, GatewAI

“On AI Appreciation Day, it’s pivotal to recognize the transformative role AI plays in India’s burgeoning startup ecosystem. India is now home to over 5,000 AI startups, a testament to the country’s rapid adoption of this cutting-edge technology. These startups are revolutionizing different industries from education to healthcare driving unprecedented innovation and economic growth. AI’s importance today cannot be overstated; it enhances efficiency, fuels innovation, and provides solutions to complex problems at scale. With AI’s market in India projected to reach $7.8 billion by 2025, it’s clear that AI is not just a trend but a cornerstone of modern business strategy. As startups leverage AI to streamline operations, personalize customer experiences, and predict market trends, they are not only contributing to India’s digital economy but also setting a global benchmark. AI’s integration into the startup ecosystem underscores a future where technology and entrepreneurship drive socio-economic progress, making today a perfect moment to celebrate its impact and potential.”

Ms. Zaiba Sarang, Co-founder of iThink Logistics

“On AI Appreciation Day, we celebrate the transformative power of artificial intelligence in reshaping the logistics and supply chain industry. AI has not only enhanced our operational efficiency but has also enabled us to provide superior, personalized services to our customers. From route optimization to predictive analytics, AI’s brilliance is evident in every aspect of our operations, driving innovation and sustainability. At iThink Logistics, we are committed to leveraging AI to build smarter, more efficient, and eco-friendly logistics solutions. As we look to the future, we are excited about the endless possibilities that AI brings to our industry and beyond.”

Mr. Raj Sivaraju, President, APAC, Arete

On AI Appreciation Day, we celebrate how Artificial Intelligence (AI) is revolutionizing our world. AI simplifies business operations, enhances analytics, and optimizes value chains, leading to cost-effective solutions and improved customer experiences. Across various industries, AI has become a cornerstone of growth strategies, enabling businesses to innovate and thrive in the digital age. Its transformative power extends beyond efficiency, influencing how we interact with technology and each other. As we embrace AI’s capabilities, we recognize its potential to shape the future positively. AI Appreciation Day serves as a reminder of AI’s profound impact on society and encourages us to explore new possibilities in harnessing its benefits responsibly for continued advancement and innovation.

AI Appreciation Day serves as a reminder of the incredible potential AI holds in reshaping industries and driving innovation. The insights from industry leaders underscore AI’s transformative role in logistics, startups, and operational efficiency. As AI continues to evolve, its applications will expand, leading to smarter, more efficient, and sustainable solutions across sectors. The future of AI is bright, and its ongoing development promises to revolutionize how we approach complex challenges, making today an ideal occasion to celebrate its brilliance and potential.

Philadelphia, PA/Bengaluru, India, July 16, 2024 – Qlik®, a global leader in data integration, analytics, and artificial intelligence (AI), today announced the general availability of Qlik Talend Cloud, a comprehensive integrated solution designed to enhance data trust and accessibility for AI value creation at scale. Underpinned by trusted Qlik and Talend® technologies, trusted by some of the world’s largest brands, Qlik Talend Cloud is designed to facilitate responsible enterprise AI adoption.

Qlik Talend Cloud delivers AI-augmented data integration capabilities from no-code to pro-code, enabling businesses to maintain data integrity and accelerate AI adoption at all levels. With new AI-augmented data pipelines, Qlik Talend Cloud sets a new standard in data quality and reliability, crucial for generating value from diverse data sources in a flexible and scalable environment.

“Qlik Talend Cloud is built for enterprises that want to leverage AI at scale,” said Drew Clarke, Executive Vice President and General Manager of Qlik’s Data Business Unit. “By integrating the latest AI advancements with our trusted data solutions, we help businesses to transform raw data into strategic assets. This new solution accelerates this value by reducing the risks associated with enterprise AI adoption.”

Key Benefits of Qlik Talend Cloud:

• Enhances Data Trust: Provides a unified package of data integration and quality capabilities that enable data engineers and scientists deploy AI-augmented data pipelines, reducing risks associated with enterprise AI adoption.
• Expanded Connectivity: Supports connectivity to over 400 SaaS data sources through significant AI enhancement to connector factory.
• Streamlines Value Creation: Integrates with Qlik analytics, allowing end-to-end translation of raw structured and unstructured data into business outcomes.
• Supports Flexible Deployment: Enables cloud-independent and technology-agnostic deployment, reducing technical debt and future-proofing AI adoption.
• Caters to All User Profiles: Provides optimized low-code/pro-code options, catering to both business users and IT specialists for greater productivity.
• Enables Data Product Creation: Facilitates the transformation of complex data sets into curated data products, enhancing data quality and governance.

“We have long leveraged Qlik to support our data-driven business outcomes,” said Amélie Monnoyer, Data Engineer at Duravit. “Qlik Talend Cloud represents an exciting leap forward. We are thrilled to explore the potential of this solution, which emphasizes data quality and validity. We believe their focus on data foundations will support responsible and high-impact AI adoption at scale across industries.”

The success of AI initiatives hinges on the quality and reliability of the underlying data. Qlik Talend Cloud meets this critical need by providing a unified platform that enhances data trust and accessibility. The new solution sets a new standard in data quality, allowing businesses to ensure their data’s health before using it in AI systems.

CHENNAI, India, July 16, 2024– BCT Digital, a global digital transformation company delivering FinTech, RegTech, and SustainTech solutions, in collaboration with Chartis Research, has published the findings of their extensive ESG and Climate Risk Survey. Titled ‘Chartis Market View: ESG and Climate Risk Survey’, it analyzes how global financial institutions are integrating ESG and climate risk factors into their risk management and investment decision-making processes.

The survey captured insights from 77 ESG and climate risk practitioners representing financial institutions with assets under management ranging from $1 bn to $500 bn based in the APAC, North America, Europe and the MENA region. It is found that over 72% of global financial institutions plan to spend upto $500,000 or more on ESG technology. In this bid, over half of global financial institutions feel keeping up with changing regulations as the biggest ESG-related challenge.

Key findings:

Most firms review their ESG strategies quarterly, spending an average of $250,000 to $500,000 annually, with North American and European institutions more likely to exceed $500,000. The next year’s investments are expected to focus on ESG data and scoring products, governance, risk management and compliance (GRC) solutions, and regulatory compliance and reporting tools.

As per the findings, when it comes to ESG, 52% of the respondents indicated regulatory compliance, being the most significant challenge. About 48% of the respondents identified risk assessment and mapping relevant ESG whereas another 48% viewed integrating ESG into operational and financial workflows as significant challenges.

With respect to climate risk, the main challenges are meeting regulatory stress testing expectations (67%), accurate GHG (Greenhouse gas) accounting (56%) and integrating climate risk operationally into product lines (50%). Most firms spend between $250,000 and $500,000 on climate risk solutions, with future investments likely to be directed towards emissions data, transitional climate risk modeling, and regulatory reporting tools.

On the report launch, Jaya Vaidhyanathan, CEO, BCT Digital, said: “We are happy to present this crucial survey which aimed to uncover trends, challenges, and strategic priorities within the ESG and climate risk space, addressing key questions such as the evolution of technology markets, demographic impacts on risk planning, and the primary drivers of firms’ strategic agendas. As highlighted by the findings, there is a lack of uniformity in ESG and climate risk reporting standards; different countries and regions may have their own frameworks and definitions. This disparity makes it challenging for multinational corporations to maintain consistent reporting. The detailed findings of this survey provide valuable insights for financial institutions aiming to enhance their ESG and climate risk management frameworks.”

“BCT Digital is ready to tackle the growing needs of the ESG and climate risk markets, and based on this comprehensive survey, we are now even more confident about addressing the intersection of these two fields,” Jaya added.

Sid Dash, Chief Researcher, Chartis, expressed, “Compliance with ESG guidelines can be a challenge for many financial institutions, and data and data management are central to the compliance process. Having a fully integrated framework which enables data management across the entire value chain is crucial.”

15/07/2024- In today’s rapidly evolving tech landscape, Generative AI (GenAI) has quickly moved from a buzzword to a powerful, practical tool. AI is now integral to various fields, including healthcare, finance, transportation, and entertainment. Machine learning algorithms are enhancing medical diagnoses, optimizing financial trading, powering self-driving cars, and even creating art.

AI Appreciation Day is a time to celebrate the advancements in artificial intelligence and reflect on the ethical implications of this technology. It encourages a candid conversation about ensuring AI is used for the greater good.

As AI continues to develop rapidly, it is crucial to engage in thoughtful and inclusive dialogue about its potential and pitfalls. The decisions made today will shape the future of AI and its impact on society.

Comments By Industry Experts:

Amit Luthra, Managing Director – India, Lenovo ISG

“The AI decade has just begun, and we must recognize and emphasize practical applications over technological breakthroughs. With an increase in AI application, mitigating risks and deployment complexities becomes crucial for organizations looking to expand and enhance their operations. At Lenovo, our goal is to deliver AI to your data efficiently and responsibly. This AI Appreciation Day, let’s reaffirm our commitment to a ‘’Hybrid AI’’ vision ensuring AI is accessible, fair, and inclusive to all.

Today, 57% of Indian CIOs see AI as a game changer but face the biggest deployment challenges that are identifying the right business use case and skilled AI talent. Lenovo’s ongoing $1 billion investment in delivering a comprehensive AI-ready portfolio, spanning from pocket to cloud, accelerates large-scale AI deployment. Additionally, our ‘AI Fast Start’ for AI Innovators offering 165+ deployment-ready solutions, and 8-GPU systems quickly demonstrates AI value across industries.

As business needs expand, hybrid Smarter Infrastructure effectively manages AI complexities. Moreover, it enables them to generate and process data in real-time helping them to improve, innovate, and enhance superior customer experience. Ushering in this new era of AI, businesses must develop and evolve the entire industrial ecosystem to ensure AI is accessible across all development and application stages. Everyone should benefit from these advancements in a more sustainable future created through smarter AI.”

Mayank Baid, Regional Vice President, India, Cloudera.

“In India, AI is no longer a new technology or concept, but a part of India’s digital progress as one of the fastest-growing economies in the world. While 2023 was centered on AI quality and capabilities, 2024 is geared toward delivering tangible value. To achieve this, businesses are developing custom AI solutions to maximize the technology’s benefits. However, many Indian organizations still struggle to integrate AI models with business data and deploy LLMs efficiently. These challenges delay the realization of AI’s full potential, preventing businesses from maximizing data value, driving revenue, and optimizing costs. Additionally, the lack of accessible AI-driven tools for data analysis hinders the extraction of valuable insights.

At Cloudera, we fully understand this and constantly work towards addressing these gaps to better equip our customers to make data-driven decisions. We have recently introduced AI-driven assistants, including SQL AI Assistants, an AI Chatbot in Cloudera Data Visualization, and Cloudera Copilot for Cloudera Machine Learning. These tools accelerate AI development, democratize access to insights, reduce data management costs, and enable new use cases, empowering businesses to fully leverage their data.

Recently, an Indonesian bank, OCBC, has chosen Cloudera to support their vision of becoming a digital-first bank, enhancing customer experiences. The bank aims to leverage Cloudera’s hybrid data platform for generative AI, data management, and analytics. This partnership will aid The bank’s data science team integrated their data lake with various applications, enabling the delivery of advanced AI models and personalized customer recommendations,”

Sreejith AR, Global Head of Middleware Data Product & Services, Head of Creation Platform & Shared Services – APAC

“In an era where one-size-fits-all no longer cuts it, travelers crave unique experiences. Gen AI is today solving this by providing hyper-personalized search results to real-time recommendations, unlocking a new era of travel. At Amadeus, we are leveraging Gen AI to make the experience of travel better, for everyone, everywhere. We are empowering travel providers and sellers worldwide, to enable them to deliver smarter, more personalized travel experiences to their customers. Our APIs empower travel innovators to develop AI-based applications that not only innovate with new features but also introduce disruptive business models, fundamentally reshaping the travel experience. For instance, our Cytric solution offers conversational flight search, allowing travelers to book trips in natural language and inquire about travel policies and costs effortlessly. Amadeus Hey! builds brand loyalty post-trip through smart campaign management, keeping travelers inspired and engaged. In fact, AI’s impact extends beyond travel enhancements; it revolutionizes customer support by automating responses, providing instant and accurate information, thereby enhancing satisfaction and reducing the workload on support teams.

Looking ahead, AI-powered customer service promises heightened empathy and efficiency, establishing unprecedented standards in customer experience across the industry. AI brings transformative services to travelers’ fingertips, facilitating smarter choices, stress-free journeys, and seamless experiences. At Amadeus, we extend AI’s benefits not only to our customers but also integrate AI tools like Copilot to empower our employees, unlocking their full creative and productive potential. At Amadeus, we ignite a culture of relentless innovation and unparalleled efficiency that will transform the travel industry.”

Karthik Rajaram, Area Vice President and General Manager, India, Elastic

“As India’s digital economy rapidly expands, Artificial Intelligence (AI) has seen significant growth, redefining the country’s technological capabilities and social impact. From simplifying mundane tasks to solving complex global challenges, AI has seamlessly integrated into various aspects of our personal and work lives, driving efficiency and innovation and revolutionizing industries.

Among the various applications of AI, Search AI stands out as a game-changer. Taking the precision of search and the intelligence of AI, Elastic has helped many organizations interact with and derive value from their data, to get answers that are faster, smarter, and more efficient.

In healthcare, it is helping medical professionals quickly access critical patient information, research studies, and treatment plans, enabling better diagnosis and care. In business, it is empowering companies to swiftly uncover actionable insights from vast data pools, enhancing decision-making, customer service, and operational efficiency. Additionally, it assists IT and security teams in real-time threat identification and helps businesses offer more targeted customer support.

Yet, as we celebrate AI and its achievements, it is also crucial to emphasize our responsibility in ensuring its ethical application. Elastic is deeply committed to AI’s ethical development and deployment, emphasizing transparency, accountability, and fairness. Our vision is to harness the power of Search AI while preventing biases and ensuring equitable benefits for everyone.

On this AI Appreciation Day, let us celebrate the extraordinary advancements in AI technology and the positive impact it has on our lives. Let us commend the innovators and visionaries who make these advancements possible. At Elastic, we are thrilled to be part of this journey, transforming how the world searches, accesses, and interacts with data.”

Nick Magnuson, Head of AI, Qlik

“Artificial Intelligence, when grounded in contextually-relevant information, becomes a game-changer for businesses. The true power of AI lies in its ability to uncover insights across a wide array of information in real-time. Having a robust foundation for AI not only enhances the precision of these models but also transforms decision-making processes across all levels of an organization.

AI can make complex data accessible and actionable, democratizing insights and enabling employees, regardless of their technical expertise, to drive smarter outcomes. However, to unlock AI’s full potential responsibly, businesses must invest in comprehensive data integration and governance frameworks. This ensures that AI systems are fed with accurate, relevant, and timely data, while minimizing biases and fostering trust.

Looking ahead, AI will serve to differentiate industry leaders from laggards. Countries like India are pioneering in this space, demonstrating how AI can transform sectors such as healthcare and education. But remember two things: success in AI is a journey, not a destination.  Develop a plan that suits your organizations needs and abilities, one that builds on early successes.  Second, AI is not a replacement for human judgment – it’s an enhancement. By combining AI’s capabilities with human expertise, we significantly improve our ability to make informed, strategic decisions in this rapidly evolving technological landscape.”

Chinmay Hegde, Co-Founder, CEO, and Managing Director of Astrikos

“Under the central government’s ambitious National Infrastructure Pipeline (NIP) Program, India’s infrastructure sector will be fuelled by planned investments worth USD 1.4 trillion by 2025. This massive growth demands a substantial workforce, both technical and non-technical, to ensure these projects succeed. However, the shortage of skilled labor in the sector is a growing challenge, with employability remaining a significant hurdle.

With new airports, roads, and other infrastructure projects slated for this year, the solution to the manpower crisis lies in harnessing Infra-AI technology. The year 2024 will be a critical milestone in AI’s evolution, as Infra-AI has the potential to create more efficient, resilient, smarter, and sustainable infrastructure systems by integrating machine learning, IoT, and other advanced technologies. Infra-AI can also provide real-time data analytics and predictive models, monitor carbon emissions, identify inefficiencies, forecast ambient temperature requirements, and optimize energy output. These capabilities empower administrators in planning, monitoring, and decision-making. On AI Appreciation Day 2024, we at Astrikos.ai celebrate AI’s vital role in ensuring the enduring success of sustainable infrastructure projects.”

Bangalore, 15th July 2024 – Ascent Consulting Services Pvt. Ltd., proudly announces its transformation into Ascent HR Technologies Pvt. Ltd., marking a strategic shift towards technology-driven solutions. This rebranding initiative signifies our commitment to pioneering advancements in the HR Tech industry, alongside our expanded focus on Regtech and Fintech domains.

“Ascent HR Technologies Pvt. Ltd., reflects our dedication to embracing the future of technology,” stated Subramanyam S, Founder & CEO.” This evolution underscores our mission to deliver innovative solutions and unparalleled value to our clients. Recent key product launches include solutions for Lending, Investment, and Insurance enablement, complemented by a comprehensive tax filing application catering to employees’ financial wellness needs. Our Split Salary feature aids liquidity management, while TripEx facilitates seamless, paperless travel and expense claims management, covering Budgeting, Approvals, Travel Help Desk, and Claims processes. Skills Berry, post a buyout rearchitected and integrated into StoHRM – our HCM solution, efficiently manages organizational skill landscapes and offers standalone capabilities for skill profiling and gap analytics. Additionally, we’ve introduced AI-driven, multi-lingual BOTS for mobile-based query management, enhancing accessibility, ensuring rapid response times, and improving overall employee experience.

“At Ascent HR Technologies Pvt Ltd., technology is at the core of everything we do—from enhancing productivity to driving business success,” added Mr. Subramanyam Sreenivasaiah, Founder & CEO AscentHR. “Our commitment to leveraging AI, ML, and RPA underscores our vision for the future of AI-based HR management.”