Category technology

Dubai, UAE, 1 August 2024: Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), presented a Green Certificate to Tensor Engine Cloud Services L.L.C, a company specialized in artificial intelligence technologies in the field of cloud computing security and dedicated to innovation and sustainability. The Green Certificate was presented by Sultan Al Ali, Director, Digital Business at Moro Hub to Roman Konstantinov, CEO of Tensor Engine Cloud Services L.L.C.

 This initiative aims to recognize the company’s commitment to developing sustainable technologies that enhance energy efficiency and reduce carbon emissions by hosting its state-of-the-art high-performance AI servers on Moro Hub’s Green Data Center, which is the world’s largest solar-powered data center in the world according to the Guinness World Records.

In this context, Mohammad Bin Sulaiman, CEO of Moro Hub said, “Moro Hub’s Green Data Center positively contributes to achieving sustainability targets for companies looking to advance in the digital realm. The choice of Tensor Engine Cloud Services L.L.C to utilize Moro Hub’s Green Data Center for hosting their IT workloads reflects their commitment to balancing innovation with environmental responsibility, thus ensuring a more sustainable future for the coming generations.”

The Green Certificate serves as an accolade, representing the concerted efforts of businesses in embracing eco-friendly practices and fostering a culture of environmental responsibility. This initiative aligns with Moro Hub’s commitment to minimizing carbon footprints and contributing to the UAE’s green agenda 2030.

On his part, Roman Konstantinov, CEO of Tensor Engine Cloud Services L.L.C said: “We are honored to receive the Green Certificate from Moro, which reflects our ongoing commitment to environmental responsibility. At Tensor Engine Cloud Services L.L.C, we continuously strive to develop innovative AI and cloud computing security technologies that support environmental preservation and achieve high efficiency in resource usage.”

As an integral part of Moro Hub’s mission to foster a greener future for institutions and companies in the public and private sectors in the UAE, this Green Certificate highlights the crucial role played by Tensor Engine Cloud Services L.L.C in supporting renewable energy initiatives. By recognizing the efforts of institutions that have chosen Moro Hub’s Green Data Center to host their IT workloads, the Green Certificate initiative reinforces the collective commitment to environmental protection and the development of sustainable digital practice

New Delhi, India, 1st August 2024: Cellecor Gadgets Limited, a leading innovator in consumer electronics announced the launch of its latest offering in the audio segment – the Cellecor C103 PLAY wireless earbuds. Designed to cater to both avid music lovers and competitive gamers, the C103 PLAY is set to redefine the standards of wireless audio performance with its state-of-the-art features and ergonomic design.

The Cellecor C103 PLAY comes equipped with powerful 13mm drivers that deliver HiFi bass, ensuring a rich and immersive sound experience. The earbuds also boast a breakthrough feature with their 50ms low latency game mode, which provides a seamless audio sync crucial for gaming and watching videos. This low latency ensures that users experience minimal delay, enhancing the overall audio and visual interaction.

One of the most striking features of the C103 PLAY is its impressive 35-hour playtime, which liberates users from frequent charges and allows for extended usage on a single charge. This is complemented by the earbuds’ fast-charging capability, ensuring that music and gaming are never halted for long.

In addition to its robust performance features, the C103 PLAY is designed with user comfort and convenience in mind. They are IPX5 certified, making them resistant to sweat and splashes, and thus suitable for sports and other physical activities. The touch control feature enhances usability by allowing users to manage volume, skip tracks, and handle calls without ever needing to touch their phones.

The C103 PLAY also incorporates dual microphones with noise-cancellation technology, ensuring clear communication by effectively reducing ambient sound during calls. This makes them an ideal choice for professionals who need to manage calls in noisy environments.

“Cellecor has always been committed to pushing the boundaries of what’s possible with our products,” said Mr. Ravi Agarwal, Managing Director and Founder of Cellecor Gadgets Limited. “With the C103 PLAY, we’re proud to offer a product that not only meets the demands of modern consumers but also provides an unmatched audio experience. Whether you’re a gamer, a fitness enthusiast, or someone who enjoys music, these earbuds are designed to enhance your audio experience without compromise.”

The sleek design of the C103 PLAY is another highlight, featuring a premium glossy finish that speaks to the sophisticated taste of its users. Moreover, the earbuds come in three stylish color options, allowing individuals to choose a style that best fits their personality.

Kollam, 1st Aug 2024 2024- Bloq Quantum, a AI quantum software startup has raised INR 1.3 Crore in Pre Seed Round led by Inflection Point Ventures. This investment is part of IPV’s strategy, to build ecosystem for startups to succeed by providing Tech support in terms of credits to Top 100 shortlisted startups. IdeaSchool enables knowledge transfer between successful entrepreneurs and new startups, creating a continuous cycle of learning & access to unparalleled network. The funds will be used for product development and team expansion. This capital infusion will stimulate innovation in quantum algorithms, improve platform functionalities, and expedite growth.

Bloq Quantum simplifies enterprise adoption of quantum computing with its user-friendly low-code interface. It accelerates quantum algorithm development by tenfold, providing valuable business insights. Designed for users at all skill levels, Bloq Quantum streamlines the path to quantum computing.

Sreekuttan L S, Co-Founder & CEO, brings a strong physics background from IISER Pune and experience as a Product Manager at The Quantum Insider. Jay Patel, Co-Founder and CTO, combines his expertise in Computer Engineering and Quantum Machine Learning, honed at CERN, with three global Quantum Challenge awards and multiple quantum software prototypes. Together, they drive innovation in quantum computing with their complementary skills and deep industry knowledge.

Mitesh Shah, Co- Founder, Inflection Point Ventures says, “Understanding quantum technology and its intricate algorithms is daunting and applying it effectively in business is even more challenging. By bringing a platform where beginners and experts alike can work on quantum algorithms with a user-friendly low-code interface, Bloq Quantum’s USP brings satisfaction and business to its customers.. At IPV, we believe not only in Sreekuttan’s capabilities but also in the entire team behind Bloq Quantum’s remarkable journey.”

Bloq Quantum excels as the foremost platform offering a user-friendly interface for developing quantum algorithms. Its key strength lies in the exceptional team, meticulously curated to lead the charge in advancing quantum computing technology. Their collective expertise and commitment drive Bloq Quantum’s continuous innovation, ensuring they deliver state-of-the-art solutions to our users and partners.

As of June 2024, Bloq Quantum operates globally, providing quantum computing solutions to clients worldwide. The widespread operations cater to diverse industries and users, emphasizing dedication to pioneering quantum computing innovations on a global scale. This global presence underscores the startup’s commitment to innovation and capability to address complex challenges.

Sreekuttan L S, CEO, Bloq Quantum, says, “Enterprises face challenges in adopting quantum computing due to fragmented and complex algorithm development processes. Bloq Quantum aims to streamline this by offering a comprehensive solution that simplifies the creation of quantum solutions, providing a seamless experience for businesses”.

Bloq Quantum has achieved notable success, securing third place in the esteemed 2023 Global Fujitsu Quantum Simulator Challenge with a $100K prize pool, and taking first place in the TCS Quantum Challenge 2023. These accomplishments underscore the startup’s leadership and pioneering contributions to the field of quantum computing.

The global quantum computing market was valued at USD 10.13 billion in 2022 and is forecasted to exceed USD 125 billion by 2030, growing at a robust CAGR of 36.89% during the period from 2022 to 2030. This rapid growth trajectory signifies substantial potential for startups venturing into the quantum computing sector.

Mumbai,1st August 2024: Motorola, a global leader in mobile technology and innovation launched the motorola edge 50 in India. A smartphone which is full of life, full of art and engineered for effortless creative expression. The motorola edge 50 is the latest addition to Motorola’s premium category of edge smartphones and it comes with numerous disruptive features such as an MIL- 810H military grade durability and IP68 underwater protection which makes it the world’s slimmest IP68 MIL-810H miliary graded certified durable smartphone. It features the segment’s best moto AI powered camera with Sony sensor LYTIA 700C and also boasts a 6.7” 1.5K Super HD+, HDR 10+ pOLED curved display along with various other premium features.

The motorola edge 50 is thoughtfully crafted with a sense of harmony and it gives a comfortable in hand feel with symmetrical curves flowing through every element of its design. Starting from the soft, natural-feeling vegan leather and vegan suede finish to the exceptionally slender and lightweight body with a streamlined camera housing makes the smartphone feel premium and comfortable to hold. The design of the motorola edge 50 is as durable as it is elegant. Offering never before seen standards of durability with an IP68 rating, which means it can withstand dust, dirt, and sand, along with submersion in 1.5 meters of fresh water for up to 30 minutes. Additionally, Motorola is pushing the boundaries of smartphone technology with the edge 50 as it boasts latest military standards MIL-STD-810H for durability, which implies that the smartphone has passed 16 rigorous tests for durability and extreme environmental conditions and can withstand shocks, vibrations, accidental drops, extreme temperatures, high humidity, low altitude pressures and more, all while maintaining a sleek, perfectly balanced design. Even the display is protected against cracks and scratches with Corning® Gorilla® Glass 5, so users never have to worry about accidental damage to the phone.

The motorola edge 50 features the pro level Sony – LYTIA™ 700C Camera sensor with incredible AI features powered by motoAI and google photos AI. The 50MP main camera uses the Sony – LYTIA™ 700C sensor for ultrafast capture with low noise in dark environments and the Ultra Pixel sensor captures more light with larger 2.0µm pixels. Users get true-to-life images with more detail, richer colors, and subtle textures owed to moto ai which works in the background, instantly analyzing the photo and blending exposures. Motorola is introducing a new Auto Night Vision feature which allows the users to capture stunning low-light shots 15x faster than the previous generation. This is Motorola’s fastest Auto Night Vision ever, automatically detecting ambient lighting and adjusting the settings accordingly, so users can click photos in low light and never miss the perfect moment. Its 10MP telephoto camera captures subjects at a distance with incredible detail and users can see every scene clearly from 3x the distance with optical zoom, or use advanced hybrid zoom for 30x the distance. Optical Image Stabilization smooths out unwanted shakes and moto ai helps retain the details, achieving crisp and beautiful results even when zoomed all the way. The third sensor in the rear camera system of the edge 50 is a 13MP Ultra-Wide camera with Macro Vision. It expands the user’s view, allowing them to take stunning shots of landscapes with a 120º ultra-wide angle lens which can capture what the eyes see, fitting more of the scene in the frame than a standard lens. For extreme close ups, there’s built-in Macro Vision, which brings users 4x closer to the subject than a standard lens, so they can capture tiny details as close as 3 cm away from the camera. On the front, the motorola edge 50 flaunts a 32MP selfie camera which can shoot breathtaking videos in 4K resolution and deliver 4x better low-light sensitivity with Quad Pixel technology, which combines every four pixels into one for brilliant results.

Working behind the camera sensors, moto ai image processing analyzes multiple frames of a photo and blends exposures to create a true-to-life image. Unlike other methods, it works directly on the uncompressed image to preserve hidden details, richer colors, and subtle textures. And these moto ai enhancements apply to videos, too. For instance, when recording a video, Adaptive Stabilization will automatically adjust to the user’s movement, providing extreme stabilization when they need it. The edge 50 users can also opt for the Long Exposure feature to hit on moving water or light trails with a single tap—no professional equipment needed. Users can access amazing google photos editing and AI tools, including Magic Editor, Magic Eraser, Photo Unblur, and more to effortlessly enhance your photos and videos and bring memories to life. AI Magic Eraser removes unwanted background distractions in just a few taps. Users can reimagine their photos with Magic Editor using generative AI and can edit, hold and drag to reposition, or pinch to resize.

Apart from camera features, moto ai also bring couple of generative AI features such as style sync with AI generative theming, magic canvas with text to prompt image generation, and several other cutting-edge innovations.

The motorola edge 50 boasts an incredible 6.7” 1.5K Super HD curved pOLED display with 1600 nits peak brightness and nearly borderless bezels. . Users can enjoy clearer, more vibrant pictures with sharper details and less pixelation owed to Super HD (1220p) resolution, which delivers 13% better resolution than the previous generation and even watch HDR10+ movies, shows, and more in a billion shades of true-to-life color. The ultra-fast 120Hz refresh rate makes switching between apps, playing games, and scrolling through content incredibly smooth and fluid. Plus, the refresh rate adjusts automatically based on the type of content on the screen, and with a low latency 360Hz touch rate, users will experience far more responsiveness than a standard display. Its vivid pOLED HDR10+ display delivers infinite contrast of deeper blacks and over a billion colors with wide DCI-P3 color range standards. Moreover, high brightness mode automatically adjusts the display outdoors so it’s easier to see, capable of reaching peak brightness levels of up to 1600 nits. It also features stereo speakers with Dolby Atmos for an immersive multimedia experience. Users can listen to professional-level audio thanks to the Hi-Res certified sound system. With wider dynamic range and 3x more data rate, they won’t miss any details and just experience music as the artist intended, listening to Hi-Res audio on streaming apps, on both wired and wireless headphones or external speakers.

In terms of processing power, the motorola edge 50 is powered by a Snapdragon® 7 Gen 1 Accelerated Edition. It is built with superior 4nm technology that will deliver years of proven performance and users can unlock amazing AI-powered experiences, use pro-level photography features, watch smoother content, and enjoy outstanding power efficiency. While being future proofed for upcoming networks thanks to 5G and Wi-Fi 6E support. This high-performance device is backed up by a massive 5000mAh battery and 68W TurboPower™ charger so it fuels up fast. Plus it also comes with the segment leading 15W TurboPower™ wireless charging for a hassle-free charging time. There is also support for reverse power charging to charge other devices in the ecosystem.

With 256GB of built-in storage, users have tons of room for their favorite shows, movies, songs, apps, and games. Plus, RAM Boost temporarily turns available storage into virtual RAM whenever they need some extra speed, so they can open apps faster and switch back and forth with ease. Apps and information stay ready in the background with up to 8GB of RAM so everything runs smoothly. Furthermore, the motorola edge 50 uses advanced thermal components to regulate heat produced during high performance. With a large 4516mm chamber, it distributes heat more effectively to keep the CPU cooler, improving thermal performance by 70% compared to the previous generation edge device.

Speaking on the launch, Mr. T.M. Narasimhan, Managing Director, Motorola India said “The motorola edge 50 addresses a significant need of smartphone consumers by being the perfect fusion of the bold durability focused design and a premium, ultra-sleek design. Being the world’s slimmest device with IP68 underwater protection and MIL-810H military grade certification for durability from the U.S Department of Defense, the phone does not compromise on any aspect by offering a stand-out camera, display and advanced moto AI experiences. We’re confident that the motorola edge 50 will deliver a revolutionary smartphone experience to our customers.”

With the launch of the motorola edge 50, comes the intuitive Hello UI with all Moto apps at one place and latest Android 14 with assured 2 OS upgrades and 3 years of security updates. Hello UI features include Smart connect, Moto Gestures, Moto Secure with Thinkshield, Family Spaces and Moto Unplugged. It also offers Moto Premium Care for after sale service benefits.

New Delhi, 31st July 2024: Greendzine Technologies Pvt. Ltd., a leading provider of electric mobility solutions, launched its “Manomation” campaign at the India Warehousing Show held from 11-13 July 2024 at YashoBhoomi in Delhi. The company showcased its MOPTro products at Pavilion C-32, emphasising the importance of integrating human intelligence and machine efficiency to create a balance between technology and human workforce in an era of increasing automation.

The Manomation campaign addresses the need for a balanced approach to alleviate the concern of Job loss due to complete automation by promoting a collaborative approach that leverages the strengths of both humans and machines. Greendzine believes that while automation is inevitable, complete automation in Indian warehouses may take longer to implement, making Manomation a viable growth strategy for the Indian warehousing industry.

“We are excited to launch our Manomation campaign at the India Warehousing Show, which provided an excellent opportunity to engage with industry leaders and demonstrate how our MOPTro products embody the spirit of Manomation,” said Anjan Kumar, Co-Founder and CEO of Greendzine Technologies. “By combining human expertise and automation, we aim to drive efficiency, diversity, and sustainability across the supply chain while ensuring that the human workforce remains an integral part of the process.”

The event also highlighted the importance of diversity in the supply chain, aligning with Greendzine’s #Diversity and #MOPTro campaign. The MOPTro products are designed to empower employees with user-friendly technology that enhances their capabilities and reduces physical strain, promoting a more diverse and inclusive workforce.

Delegates, participants, and exhibitors at the event agreed that sustainability is crucial for business growth, and electric vehicles must be an integral part of their sustainability goals. Greendzine’s MOPTro products address this need by offering eco-friendly solutions that reduce the carbon footprint of logistics operations.

The company’s solutions have been proven to reduce attrition, increase productivity, and lower operational costs – the three key drivers for implementing new technology and automation solutions in the workplace. As the Indian warehousing industry is poised for double-digit growth over the next five years, with the average warehouse size increasing from 30,000 sq. ft. to 50,000 sq. ft., Greendzine is well-positioned to support this growth with its MOPTro products and Manomation philosophy.

Bengaluru, July 31, 2024: Bengaluru-based Katidhan, a fast-growing tech startup working at the intersection of cleantech, agri-tech and wildlife-tech has been felicitated by Government of Karnataka at an event held recently to celebrate the winners of its ELEVATE 2023 grant program. The event was graced by dignitaries like Priyank Kharge, Hon’ble Minister of Electronics, IT BT, Rural Development & Panchayat Raj, Government of Karnataka; Siddharth Pai (3one4 Capital); Prashant Prakash (Accel Partners); Anant Narayan (Mensa Brands), among others, where the Bengaluru Innovation Report 2024 was also launched. At the ceremony, Katidhan’s founder Ayan S R was bestowed the ELEVATE 2023-24 Winner Award, along with a winner’s certificate.

Notably, Katidhan, a Shark Tank India-featured startup, had won a non-dilutive grant last year through the flagship ELEVATE program wherein the Government of Karnataka supports innovative technological startups to convert their ideas to POCs and from thereon scale-up their business models. This grant has proven to be highly beneficial for Katidhan as it continues to build its advanced technological solutions to reduce crop losses in agriculture due to wildlife attacks.

Speaking about the achievement, Ayan S R, Founder & Director, Katidhan said, “We are extremely proud and elated to have won the ELEVATE Grant Award. On this august occasion, I would like to express my heartfelt gratitude and appreciation towards the Government of Karnataka for this fantastic initiative – they’re now one of the only state governments in our country to provide capital support to startups without any equity dilution. Apart from this, they are also supportive of us in providing investor connects, market access programs, tax breaks, global networks and numerous other benefits. No wonder, Bengaluru and Karnataka are undisputedly leading the way in nurturing a conducive startup ecosystem that builds world-class companies from India”.

“The ELEVATE grant has played a pivotal role for us at Katidhan to come out with a basic prototype of our ideas, which in turn indirectly helped us bag a deal on Shark Tank India. In fact, ELEVATE is that stepping stone over which we could climb and manifest bigger heights, and are now on track to launch the working prototype of our upcoming AI-enabled product,” added Ayan.

“Karnataka stands as a beacon of innovation and technological advancement, leading India’s startup ecosystem with remarkable achievements. The state, which hosts a thriving community of innovators, has cemented its reputation as a premier hub for technology and innovation”, commented Priyank Kharge, Hon’ble Minister, Department of Electronics, IT & BT, and Rural Development & Panchayat Raj, Government of Karnataka.

Notably, Katidhan was one of the top 101 startups that were awarded the ELEVATE grant in 2023, out of 15000 applicants from across Karnataka. A total of INR 60 Crore was provided to 263 startups under different programs such as ELEVATE, ELEVATE Call 2, ELEVATE Unnati and ELEVATE Amrita. ELEVATE is the brainchild of Priyank Kharge, who started it way back in 2015, and has been at the forefront of its growth, supporting over 980 startups with grant funding till date.

Earlier this year, Katidhan appeared on Shark Tank India Season 3 and successfully clinched an investment deal from OYO founder ‘Shark’ Ritesh Agarwal. The startup has grown incrementally over the last couple of years, with its innovative solutions having already reached and positively impacted around 2000 farmers across 12 Indian states as of date. Additionally, Katidhan has also established strong GTM partnerships in a bid to ensure that both its current and upcoming products are rapidly scaled across India.

Bengaluru, July 31st, 2024 — A recent survey conducted by Ascent HR Technologies Private Limited (formerly Ascent Consulting Services Pvt. Ltd.) unveiled critical insights into competency frameworks, talent management processes, and technology adoption across organizations. The survey, encompassing responses from professionals across various sectors, highlights significant trends shaping the future of Talent Management. The study conducted through AscentHR’s “SurveyBerry”, gathered insights across various industries and organizational sizes, focusing on key dimensions.

Key findings include:

Competency Framework Development: The survey reveals that organizations predominantly base their competency frameworks on internal job analysis (45.95%), supplemented by industry standards (21.62%), or a combination of both (37.84%). This dual approach underscores a balanced method in defining essential skills and qualifications.

Integration with Talent Management: Competencies are extensively integrated into various talent management processes, notably in talent acquisition and performance management (79.07%) and succession planning (76.74%). This integration enhances alignment between organizational goals and workforce capabilities.

Challenges Faced: The adoption of competency-based talent management faces challenges such as unclear competency definitions (37.21%), employee resistance (20.93%), and insufficient technology support (13.95%). These obstacles highlight the importance of clear frameworks and robust technological infrastructure.

Technology Utilization: Organizations vary in their use of technology in talent management, with 40.48% describing their technology as moderately advanced, 35.71% at a basic level, and 14.29% as highly advanced. However, 9.52% either do not use technology or use it minimally, indicating a need for greater technological integration.

Learning Needs Identification: Learning needs are primarily identified through performance reviews (36.59%), competency gap assessments (24.39%), and training needs analysis (17.07%), emphasizing the role of data-driven insights in shaping development
strategies.

Desired Technological Improvements: Respondents expressed a need for improved integration with other HR systems (35.00%), comprehensive competency profiling tools (27.50%), and enhanced reporting and analytics capabilities (17.50%) to optimize talent management processes.

Career Development: Employees explore career opportunities through internal job postings (46.34%), career development discussions (34.15%), and assessments against role competencies (14.63%), highlighting internal mobility as a critical aspect of talent development.

Sector-Specific Insights: The survey also identifies sector-specific practices in industries like IT and finance, where competency data plays a pivotal role in decision-making processes, showcasing best practices for other sectors.

Subramanyam, Founder & CEO of AscentHR, highlighted, “Organizations are increasingly recognizing the importance of integrating talent management with organizational goals, and robust competency frameworks and standardized taxonomies drive strategic workforce planning.”

The findings underscore the critical role of standardized skills definitions and technology-enabled tools in enhancing talent management practices. Addressing challenges such as unclear competency definitions and leveraging comprehensive technology solutions are crucial steps for organizations aiming to optimize their workforce effectiveness and strategic alignment.

The findings highlight the strategic role of technology in enhancing competency management processes and aligning workforce skills with organizational objectives. Based on comprehensive survey responses, several critical findings have emerged:

Technology Adoption for Competency Management

•  Current Usage: Most organizations (54.76%) utilize basic technology-based assessments to capture and assess competencies.
•   Comprehensive Platforms: 26.19% of the surveyed organizations employ comprehensive technology platforms for detailed competency assessments, indicating a strategic focus on enhancing competency management capabilities.
•   Future Developments: 14.29% of organizations plan to develop technology solutions for competency matrix creation, demonstrating a proactive approach to advancing competency management practices.
•   Minimal Adoption: Only 4.76% reported no current use of technology for competency matrix development, suggesting potential opportunities for adopting digital solutions.

Implementation Status

•  Varied Readiness: Organizations exhibit varying readiness levels in implementing technology solutions for competency management, ranging from basic to comprehensive assessments.
•  Future Development: 14.29% of organizations express interest in future technology development, highlighting ongoing efforts to enhance competency management practices.
•  Untapped Potential: A small percentage (4.76%) has yet to adopt any technology for competency matrix creation, indicating potential areas for growth and enhancement.

Strategic Importance

The survey underscores the strategic significance of leveraging technology to enhance competency management processes. By aligning workforce skills with organizational goals and supporting talent development initiatives, organizations can optimize their Talent Management practices amidst evolving market demands.

Based on the study, insights reveal:

•  Large organizations benefit from established competency frameworks but require regular updates to remain relevant. MNCs and the IT sector showcase advanced competency frameworks, which could serve as models for other industries.
•   Smaller companies and younger organizations often lack mature competency frameworks, hindering career progression. Industries like IT and Financial sectors excel in mapping clear career paths through competency frameworks.
•   MNCs and companies with multiple locations integrate competencies more effectively into recruitment processes. Sectors such as manufacturing and retail lag in integrating competencies, leading to recruitment inefficiencies.
•  Older organizations and the financial sector demonstrate better alignment between competencies and strategic goals. Large organizations and the IT sector employ diverse and effective assessment tools to identify skill gaps.
•  Companies with advanced technology systems show superior talent management practices compared to those with basic systems.
•  IT and Financial sectors lead in leveraging technology for personalized learning pathways.

Challenges Identified:
The report captured the several challenges faced by the organizations in competency-based Talent Management, including:
 Lack of clarity in competency frameworks, leading to decreased motivation and engagement among employees.
 Limited career pathways, where employees struggle to identify growth opportunities.
 Recruitment inefficiencies due to difficulty in matching candidates to job openings.
 Misalignment of competencies with organizational goals, impacting workforce planning.
 Difficulty in assessing and quantifying specific skill gaps hindering effective training planning.
 Challenges in talent management, particularly in matching employees to new opportunities based on skills.
 Barrier to creating personalized learning pathways without standardized competency frameworks.
 Role alignment issues, causing misunderstandings in skill needs between operational units.
The Recommendation:
To address these challenges and leverage the insights gained:
 Standardize competency frameworks across all organization to provide clarity and alignment.
 Implement standardized skills frameworks to map out transparent career progression paths, especially in smaller companies and younger organizations.
 Integrate standardized competencies into recruitment practices to streamline candidate selection and improve hiring outcomes.
 Regularly update competency frameworks to align with evolving business goals and ensure organizational cohesion, prioritizing integration efforts in younger companies and lagging sectors.
 Adopt standardized assessment tools across all organizational sizes to accurately pinpoint and address skill gaps, with smaller and medium companies adopting comprehensive practices.
 Standardize competency data to facilitate more effective employee-role matching, encouraging organizations with basic systems to invest in advanced technology solutions.
 Develop standardized competency frameworks to enable personalized and effective learning and development plans.
 Standardize role definitions and skill requirements to ensure clarity and alignment across all operational units, promoting adoption of best practices from tools and repository available in the market.

CHENNAI, India, July 30, 2024 — LatentView Analytics, a global digital analytics consulting and solutions firm, today announced the ongoing success and momentum of its Global Innovation Hubs. This success is a testament to LatentView’s commitment to driving innovation and excellence in analytics, emphasizing a differentiated approach to developing and operating data-driven mid-sized innovation centers for large firms. The goal of the Global Innovation Hubs is to fill the gap between staff augmentation and a full-fledged Global Capability Center.

According to research from Forrester, organizations that invest in data and analytics saw a two to six-fold return in the first year. LatentView’s Global Innovation Hubs are set apart from typical global capability centers by offering companies relatively lower-cost direct support for their digital innovation initiatives, including technical and industry domain expertise needed to drive change. Beyond serving solely as a set-up consultant, LatentView fully staffs and operates its Global Innovation Hubs on behalf of its customers.

Since its inception, LatentView’s Global Innovation Hubs have provided customers with experienced analytics talent and capabilities rooted in a decades-long digital transformation practice. Latentview is addressing businesses’ most pressing challenges from a shortage of technical talent, implementation, and a desire to get a better return on analytics investment by setting up a remote shore center that helps leverage global talent pools and scale data and analytics initiatives to drive innovation.

There is a growing need for this mid-sized data-driven innovation model, with a capacity of 50-1000 employees, which is being increasingly discussed amongst business and digital leaders across industries and geographies.

“LatentView’s Global Innovation Hubs play a significant role in our growth roadmap and reinforce our commitment to serve as a strategic partner to our clients,” said Rajan Sethuraman, LatentView CEO. “For organizations ready to innovate with analytics but who struggle to find the talent to support rapid growth and transformation, LatentView’s combined technical knowledge and resource-rich support systems allow global business leaders to push initiatives forward and drive value from day one.”

While legacy global capability centers focus on infrastructure setup and navigating regional business regulations, LatentView’s model builds on that important step but operates with a more involved and ownership-driven model, directly addressing the needs of large companies looking for strategic, long-term analytics solutions. LatentView helps companies set up their analytics hub through a build-operate-transfer model, allowing the company to see meaningful innovation while streamlining costs.

“We’ve seen remarkable success stories emanate from our Global Innovation Hubs, each illustrating our capability to foster innovation that genuinely drives business transformation,” said Krishnan Venkata, Chief Client Officer at LatentView Analytics. “This success of our clients reaffirms our commitment to nurturing an ecosystem where innovation thrives.”

LatentView’s Global Innovation Hubs have positioned the company as a leader in industry-specific analytics transformation. One turnkey asset management company saw $37 million in cost savings and a 25 percent increase in revenue. By emphasizing collaboration between analytics and business teams, the hubs are breaking new ground in developing innovative solutions that directly align with organizational objectives.

 30th July 2024: Simple Energy, India’s leading electric vehicle and clean energy start-up, announced today that it has raised $20 million in its Series A funding round. This round included participation from the company’s current investors, such as high-net-worth individuals (HNIs) from notable family offices like the Haran family office, Dr. A Velumani’s family office, Vasavi family office, and the Desai Family office—promoter group of Apar Industries, among others.

The newly raised funds will be used to scale up the production of Simple Energy’s two key offerings, Simple One and Simple Dot One. Additionally, the funds will support the company’s entry into new markets, expand its presence across India, and facilitate new product development. In alignment with its aggressive growth plans, Simple Energy aims to achieve a top line of INR 150 crore this fiscal year.

Mr. Suhas Rajkumar, Founder & CEO of Simple Energy, said, “As the adoption of electric vehicles (EVs) accelerates significantly in India, we are committed to playing a pivotal role in this burgeoning ecosystem. The enthusiastic reception from our initial customer base in Bangalore has been truly remarkable, and we extend our heartfelt appreciation to all our investors for their trust in our brand. The capital raised will be tactically deployed to bolster our production capacity and expand our dealership network nationwide.”

Mr. Balamurugan Arumugam, Chief Growth Officer at Klarity, an HNI who participated in the round, said, “In the realm of sustainable transportation, Simple Energy shines as a beacon of innovation and progress. With a clear vision and a strategic roadmap mapped out for the next phase of growth, Simple Energy is primed to redefine the landscape of technologically advanced EV two-wheelers in India and beyond. As the brand gains momentum, it is poised to not only capture the local market but also emerge as a globally recognized leader in sustainable mobility, resonating with individuals worldwide who value innovation and environmental consciousness.”

Simple Energy, renowned for building India’s longest-range electric scooter, the Simple One, sets itself apart from competitors by manufacturing 95% of its scooter components in-house. Additionally, it is the only OEM in the country with a state-of-the-art motor manufacturing line within its 200,000 sq ft plant located in Shoolagiri, Tamil Nadu.

Simple Energy has two offerings in its portfolio—Simple One with 212 km of certified range and Simple Dot One with 151 km of certified range. Currently in a pilot phase in Bangalore, Simple Energy has begun deliveries in the city and is preparing to open dealership stores in Bangalore, Mysore, Chennai, Vijayawada, Goa, Vizag, Kochi, Mumbai, Pune, Ahmedabad, Surat, Delhi, and Hyderabad in the coming weeks.

Chennai, 30th July 2024: Vedanta Nico, India’s primary nickel producer, has signed a strategic Memorandum of Understanding (MoU) with AEsir Technologies, Inc., a US-based innovator in advanced battery technologies. Building on Hindustan Zinc’s existing collaboration, Vedanta Nico has now joined forces to develop and commercialize cutting-edge Nickel-Zinc (NiZn) batteries for critical infrastructure, 5G telecom, and electric vehicle chargers (EVC), positioning both companies at the forefront of the global shift towards sustainable energy.

Under the MoU, Vedanta Nico will be the preferred supplier of nickel, a critical component in AEsir Technologies’ next-generation batteries. Nickel-zinc batteries promise substantial advantages over current battery technologies, including higher energy density, power, enhanced cost efficiency, rapid charging, and superior performance, making them ideal for the rapidly growing energy storage and EV market.

Nickel plays a crucial role in EV battery technology, particularly in the cathode, where it enhances energy density, power output, and battery lifespan. Nickel-rich batteries, such as Nickel-Zinc variants, offer best-in-class fast charging, reduce reliance on cobalt, and improve the overall EV value proposition. The global demand for nickel in batteries is projected to surge from 150,000 tonnes in 2020 to 500,000 tonnes by 2025, driven by the expanding EV market adoption. The International Energy Agency (IEA) forecasts that the number of electric cars will rise from over 10 million in 2020 to 145 million by 2030, spurred by larger battery capacities, faster charging, and advancements in reducing cobalt use.

Hindustan Zinc, a Vedanta Group company and the world’s second-largest integrated zinc producer has also recently signed an MoU with AEsir Technologies for the supply of zinc for these new-age nickel zinc batteries. Hindustan Zinc’s expertise in producing metals for emerging clean-tech applications aligns perfectly with the objectives of this partnership. With one of the largest product portfolios of zinc in the world, Hindustan Zinc is exploring emerging applications of metal in the battery storage segment to support the global energy transition.

Prashuk Jain, COO – Vedanta Nico, highlighted the significance of the collaboration with AEsir Technologies, stating, “We are thrilled to partner with AEsir Technologies to create a game-changing battery solution for the critical infrastructure, 5G telecom, and EV market. Our expertise in nickel production, coupled with AEsir’s innovative zinc battery technology, positions us to deliver a product that meets the evolving needs of the industry. This collaboration aligns with our vision of contributing to a sustainable future through responsible mining and value-added products.”

This groundbreaking collaboration demonstrates Vedanta Nico’s crucial role in catering to the increasing demand for alternative energy solutions by being an active contributor of critical raw materials for the development of emerging clean technologies. As the world pivots towards a greener future, this partnership with AEsir Technologies portends far-reaching implications for innovative energy storage solutions that promise a safer, cleaner, and more sustainable tomorrow.

Adding his views, Randy Moore, CEO & Co-Founder – Aesir Technologies, said, “Energy storage is at the forefront of innovation in the energy transition. Nickel-zinc batteries represent a low-cost, sustainable, and safe alternative to lead-acid and lithium batteries in the markets we serve. Our collaboration with Vedanta Nico provides critical raw materials for the development of these next-gen batteries, supporting our commitment to sustainability.”