Category technology

New Delhi, Tuesday, 17 April 2023 – JD Institute of Fashion Technology, India’s fastest-growing learning institution, is pleased to announce that on April 11, 2023, their institution has been awarded the “Centre of Excellence” by Media & Entertainment Skill Council in National Film Development Corporation of India, Mumbai – 400026.

The MSEC has honored the accomplishments of Master Trainers, trainers, candidates, academic institutions, and much more. Padma Shri Ramesh Sippy, Honourable Chairman of the Media & Entertainment Skill Council, graced the occasion. The event also marked the opening of the new Center of Excellence, the signing of MOUs, and felicitations. The MESC Awards and the categories for the participation of Training providers and stakeholders were also announced during the event.

Mrs. Rupal Dalal, managing director of the JD Institute of Fashion Technology, expressed her happiness and thanks by saying, “As an academic institute, it is our honor to be designated as a Center of Excellence. We would keep working as training providers to give our students the best education possible and to help the Skill India Mission.”

The goal of JD Institute of Fashion Technology is to make the aspirations, and vision of its students a reality. Additionally, it will continue to provide students with a platform to uncover and achieve their actual brilliance and potential, allowing them to develop into their most self-assured, adaptive selves and fearlessly embrace the dynamic field of design.

April 01 2023, India – The Environment Social Governance (ESG) Summit, hosted by Prakruti Environment Research & Protection Centre, which took place on 28th March 2023, at Dr Ambedkar International Centre, New Delhi, brought together more than 700 delegates comprising of experts, thought leaders, and enthusiasts, to share knowledge, exchange ideas, and collaborate on various aspects of environmental conservation and sustainability.

The summit was inaugurated by Chief Guest Shri Parshottam Rupala ji, Minister of Fisheries, Animal Husbandry and Dairying, Government of India and the Guest of Honour in the summit were Mrs Locket Chatterjee, Member of Parliament, Hooghly, Bengal, Shri Dipsinh Rathod, Member of Parliament, Sabarkantha, Gujarat, Shri Krishna Vidhyarthi Sahu Maharaj, Mahant, Shri Valmiki Ashram, Delhi, Padma Shri Dr Anuradha Paudwal and Mrs Srimathi Shivashankar, Corporate Vice President, HCL Technologies.

The summit promoted and generated awareness about ‘एकपेड़ देशके नाम’ – One Tree for Nation, the nationwide campaign by Paryawaran Savrakshan Gatividhi, the summit was attended by Shri Gopal Arya ji, National Convenor, Paryawaran Savrakshan Gatividhi.

The summit highlighted the global initiatives encouraged and accelerated in order to combat climate change and Lifestyle for the Environment (LiFE), an international mass movement towards “mindful and deliberate utilisation instead of mindless and destructive consumption” to protect and preserve the environment, under the leadership of Honourable Prime Minister Shri Narendra Modi.

The Key Note Speakers featured a diverse group of experts, policymakers, entrepreneurs and stakeholders who offered their insights and solutions to these critical environmental issues. The topics discussed were on Climate Change, Sustainable Living, Biodiversity Conversation, Renewable Energy and Environmental Policies. Keynote speakers shared their insights on best practices, trends, and innovations in ESG, and discussed ways to overcome the challenges associated with implementing ESG strategies.

The summit marked the launch of “Khadisutra” authored by Mr Nachiiket Joshi, an informative book on Khadi, highlighting importance of sustainable fashion and inspired by honourable Prime Minister Shri Narendra Modiji.

“It was inspiring to see so many leaders come together to discuss the importance of ESG and share their experiences and knowledge about initiatives in India under the leadership of our Honourable Prime Minister Shri Narendra Modi ji”, said Mr. Nachiket Joshi, Founder & Chairman of Khaddargram International Pvt. Ltd.

The conference also provided an opportunity for networking and collaboration among attendees. Participants were able to connect with like-minded professionals, which can help to advance ESG initiatives.

“We believe that the success of the summit has highlighted the growing importance of ESG in India today,” said Mr. Praveen Maru, Chairman, Prakruti Environment Research & Protection Centre. “We are committed to continuing our efforts to promote sustainability and ESG best practices in India.” JD Institute of Fashion Technology, India’s fastest-growing learning school, appeared as the Event Partner for the annual flagship forum ESG India Summit 2023.

Talking about the event, Mrs Rupal Dalal Managing Director of JD Institute of Fashion Technology said, “Over the last 35 years, JD Institute of Fashion Technology has been dedicated to cultivating new talents, and our students are educated in the significance of sustainable fashion, art, and design while also being encouraged to be innovative and daring in their creativity. Moreover, our founding members have consistently prioritized contributing to society and creating a better and more sustainable future. Therefore, our values align perfectly with the key agenda of the ESG India Summit, and are proud to be associated with the forum as its Event Partner”

She further adds, “We are glad to meet the outstanding panel of thought leaders, sharing their perspective on ESG policy evolution, challenges, business models, and opportunities. We were also excited to see the students and audiences’ active participation in this event which proved to be an enriching and informative experience.”

 Bengaluru, March 30, 2023, Manipal Institute of Technology (MIT) under the Department of Information and Communication Technology (I and CT) inaugurated Ping 2.0.2.3 The theme of the Ping 2.0.2.3 workshop “IEEE Sustainable Development Platform – Next-gen tech. powered by AI.” highlights the importance of sustainable development in the current technological landscape.

The guest of honour of the event was Mr. Sudhir Mahale, Vice President of Cloud & AI Architecture at Deutsche Bank who was cordially introduced by Dr. Manjula Shenoy, Professor, Dept. of I and CT, MIT Manipal. Mr. Sudhir Mahale addressed the need for sustainability and described Artificial Intelligence to be: “A driving force with the ability to combat the most pressing environmental and social challenges facing the world today, including climate change, biodiversity loss, and food security”.

The concept behind this event and the idea of PING was elaborated by Dr. Manohara Pai, the workshop’s originator who spoke briefly on the workshop’s relevance to MIT staff and students over the years and emphasized the necessity of sustainability in all sectors, such as industries and educational institutions, and how AI has become a commodity in today’s world.

The event commenced with a melodious invocation song by Mrs. Pavithra K.C, Research Scholar, Dept. of I and CT MIT Manipal followed by the lighting of the lamp by the esteemed dignitaries present at the event to invoke good spirits.

Dr. Balachandra, Professor of I and CT, introduced the function’s chief guest, Dr. Giridhar Kini, Registrar, Manipal Academy of Higher Education (MAHE) who warmly congratulated one of MIT’s longest iterating workshops- PING, and emphasized how the MAHE management is keen on their endeavors to contribute and educate students on understanding the importance of sustainability.

Looking back at the meticulously planned event Dr. (Cdr) Anil Rana, Director of MIT said that “ At MIT we believe in “introducing fresh themes under the PING workshop every year to help achieve the expanding market expectations”.

The Ping 2.0.2.3 inauguration function was a resounding success where participants had a once-in-a-lifetime opportunity to learn from industry experts- Mr. Sudhir Mahale, Vice President for Cloud & AI Architecture, Deutsche Bank, Mr. Gautam U Bhat, Customer Success Manager – Architect IBM, Mr. Kiran Puthukudy, Chief Architect & DevOps Leader, cYAAG Technologies, and Mr. Gautam Bhat, CTO, cYAAG Technologies about the latest trends, best practices, and emerging technologies in the field. Following the successful inauguration and the overwhelming response, the convener of ping 2.0.2.3 Dr. Preetham Kumar, Deputy Registrar-Academics (Technical) MAHE, Professor, Dept. of I and CT MIT Manipal, proposed the vote of thanks by expressing his gratitude to the entire team of Dept. of I and CT for the success of the event.

Other dignitaries in attendance included Dr. Smitha Pai, Head of the Department (HOD), Dept. of I and CT MIT, Manipal, Dr. Preetham Kumar, Deputy Registrar-Academics (Technical) MAHE, Professor, Dept. of I and CT MIT Manipal, and Convener of PING, Dr. Manohara Pai M.M., Professor, Dept. of I and CT MIT Manipal, and the founding HOD of the Department of I and CT, and Dr. Veena Mayya, Assistant Professor – Senior Scale, Dept. of I and CT, MIT Manipal and Co-Convener of PING.

New Delhi, 29 March 2023: Eqaro Guarantees, a technology led financial guarantees company, announced its partnership with Rent Ok, a super app for residential renting that enables you to advertise your property, schedule visits, complete tenant KYC, rent agreement and police verification, automate rent collection and accounting. The partnership will enable zero-deposit homes to young professionals and students across the country.

Over the next decade, an estimated 300 million Indians will migrate to the top 100 cities in the country, leading to a robust growth in rental yields, creating the need for fractional investments and resulting in quicker property turnover periods among tenants. This will be fueled further by the growth of the millennial and Gen Z populations across India. This generation has found it increasingly difficult to rent properties due to the large security deposits ranging from 2-12 months of rentals. The partnership involves building a comprehensive ecosystem of landlords and tenants and making available zero deposit homes at over 12000 properties in more than 220 locations across the country. The Zero deposit homes will be powered by Eqaro’s Rental Bond, a guarantee that protects the landlord in the event of a default by the tenant. The rental bond acts as a replacement to the security deposit & covers unpaid rent, lock-in period if any, damage to the property and unpaid bills as set out in the lease agreement.

Mr Pankaj Bhansali, Chief Operating Officer of Eqaro Guarantees said while reflecting on the partnership, “We are delighted with our partnership with Rent Ok. Rent Ok has a wide spread presence across the country including key markets like Delhi NCR, Hyderabad, Bangalore, Mumbai & Pune. The partnership envisages a holistic and a growth partner approach to the residential rental segment. While rental bonds provide the landlord with a credit verified and an assessed tenant resulting in faster occupancy with higher rental yields, our customized guaranteeing solutions will help the landlords and co-living operator partners get access to finance by way of advance against rent receivables or collateral free loans. The tenants on the other hand get access to their dream home without the need for security deposit. For the first time in India, the tenants will also be able to carry forward the benefits of their good tenancy track record on to their subsequent tenancies.

Srijan Raj, CEO of RentOk said: Srijan Raj, CEO of RentOk said: Our partnership with Eqaro aims to make renting easy for millennials and Gen Z when they move away from home to study or start their first job in a new city. Our goal is to offer the largest collection of zero-deposit homes to tenants across the country while helping our customers (co-living/PG operators, flat owners) find creditworthy tenants backed by an institutional guarantee. Right now, we add 15,000+ new tenants every month. With Eqaro, we want to make sure that these new tenants do not face the challenges of dealing with high security deposits. This partnership also enables collateral-free working capital loans for property owners, allowing them to scale their operations without putting up any collateral. We have also introduced the concept of advance rental for co-living/PG operators in India, whereby they can get their rent in advance through Eqaro’s lending partners to meet their working capital requirements.

Kolkata, 20 March 2023: The Bengal Chamber of Commerce and Industry, in association with Guru Nanak Institute of Technology under the JIS Group, successfully organized the 12th edition of The Bengal Chamber’s Technology Quiz-Inter College Quiz Fest on Saturday, March 18, 2023, at the GNIT Campus. The event was hosted by two Quiz Masters, Mr. Auritro Chowdhury and Mr. Kinshuk Biswas, who are well-known names in the quizzing circuit.

A few Eastern India Colleges like Assam University, Birla Institute of Technology, Mesra, National Institute of Technology, Jamshedpur, National Institute of Technology, Durgapur, KiiT University, Bhubaneswar, IIT Kharagpur have participated in this quiz competition for the very first time. After a tough competition, Subhayan Chakraborty and Mihir Srivastava from IIT Kharagpur emerged as the winner of the quiz fest. Animesh Jha and Ayush Sharma from IIT Kharagpur secured the position of first runner-up, and Tarun Anand and Diyanshu Kumar from NIT Jamshedpur were announced as the second runner-up. The Quiz Fest witnessed the participation of 100 teams, which is approximately 200 students from various colleges in Bengal and Eastern India. The participants competed against each other in an intellectually stimulating and exciting contest. The primary objective of the event was to encourage and reinvigorate the youth’s passion for quizzing, who are the future of business, the economy, and society in India. The event provided an opportunity for the participants to showcase their knowledge, intelligence, and quick thinking skills.

Commenting on the event, Sardar Simarpreet Singh, Director, of JIS Group, said, “The Bengal Chamber’s Technology Quiz -Inter College Quiz Fest was a grand success, and it achieved its aim of promoting quizzing as a healthy and competitive activity among the youth. We aim to continue such initiatives to encourage the youth to develop their skills and knowledge in different fields.”

Prof. (Dr.) Santanu Kr. Sen, Principal, Guru Nanak Institute of Technology, said, “We are delighted by the active participation of Students across India in the 12th Edition of The Bengal Chamber Technology Quiz 2023. More than 200 participants from premier institutions across India and industry leaders made the event a grand success. The Quality of Quizzing was of a high standard and the performance of the students was remarkable and the Quiz has emerged as one of the best signature Quiz in this part of the country. My best wishes to all the winners and participants.”

Ms. Angana Guha Roy Chowdhury, Assistant Director General, The Bengal Chamber said, “This is a youth focussed endeavor of The Bengal Chamber. Participation is exclusively for students to connect with each other on a knowledge-driven platform. The Quiz has now crossed the borders of Eastern India and has brought in students from North India as well.”

By Lokendra Ranawat, Co-Founder & CEO, Woodenstreet

With accelerated growth in technology, India is becoming digital in almost all fields. The adaption of technology by people is also improving the capability and demand for technology everywhere. This growth is one of the reasons which has made technology both a necessity and a luxury. And home furniture and decor is the sector which is both our basic necessity and a way to determine luxury that requires the involvement of technology. Well, the demand has already started, and you can find hundreds of products in home furnishing which are tech-inspired—sensor-controlled, automated and voice-controlled home decor items. You can find a world filled with tech-inspired home decor.

On this topic, Interior designer at WoodenStreet, Sejal Parikh, stated, “Technology is simply a medium to make our lives easier, and nothing is better than bringing its convenience to our home space. However, maintaining the balance of the tech blend with aesthetic and stylish designs in home decor is what WoodenStreet aims to deliver to the techno-driven world.”

So, read below if you are also interested in transforming your space with minimal yet innovative tech-inspired home decor ideas.

1- Voice Command Massagers

With covid amplifying our sanitising habits, it has also broadened our minds to adopt technology for avoiding health issues. One such product available in malls, fun parks, and airports is voice-automated massagers. This furniture item is the perfect combination of technology added with luxury. The voice efficiency sensor makes it easier to control the temperature, pressure and all other features with a voice command. It also becomes a tech-smart home decor element which attracts all your guests and their compliments.

2- Beds with Hydraulic Mechanism

The struggle we faced planning a day when the whole family came together to flip open the bed storage is long gone. It required hard work, unnecessary effort, and strength; and was hazardous to our health. However, with our favourite mechanism of technology, you can now flip open the bed with easy and handy mechanism. You can find these hydraulic beds and enjoy their comfort and convenience.

3- One-Click Automated Recliners

Adjusting to your body, and supporting it effortlessly, is the work of a basic recliner. However, old designs of recliners required more work than they returned pleasure. Changing the position from a sofa to reclining was itself a task. This task is also taken over with upgraded technology to make our lives uncomplicated. You can purchase reclining seats that change position with a click of a button. It also has other mind-blowing features, such as built-in speakers, a charging port, cupholders, and cushioned seats.

4- Human Sensor Aroma Diffuser

It was a hassle to prepare the material and essentials for your aroma diffuser for hours before actually using it. Now you can find attractive designs of aroma diffuser which dispenses the aroma by just sensing the human presence nearby, based on a set timer. These sensory aroma diffusers are convenient as they remain in the device and effortlessly add to the aesthetic beauty of your home decor.

5- In-Built Remote Operated Study Table

Lastly, a study table is another gorgeous and effortless home decor and furniture item laced with technology for a more manageable lifestyle. You need to flick a button to adjust the height of this study table and make it highly comfortable for a more personalised setting. The simple change in position makes it a mindblowing innovation because the adjusted setting helps avoid health issues caused because of working on an uneven surface.

Closing Words

Technology and digitalization open endless possibilities for us. We can take it as far as we want for a smart, convenient, and stress-free lifestyle. However, in a few years, with upgraded technology, creative designers and an energy-efficient solution, the world fully embraces the tech-inspired lifestyle for their homes. Start by owning the gadgets mentioned above for your home to experience and value the gift of automation.

Mumbai— March 7, 2023: Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today announced that the Indian Register of Shipping (IRS) has selected its 3DEXPERIENCE platform to optimize the performance and efficiency of complex marine and offshore projects. The platform will enable IRS, an international ship classification society that offers certification and technical inspection services to the maritime industry, to implement data-driven decision-making, concept design, engineering, integrated operations, and maintenance processes. This will significantly improve its operations management, resulting in prolonged vessel life, enhanced cost and time efficiency, and heightened safety and security within the shipping industry.

With the aid of Dassault Systèmes’ 3DEXPERIENCE platform, IRS can easily monitor and track crucial key performance indicators (KPIs) for the entire lifecycle of its assets, enabling qualitative surveys, inspections, and monitoring, as well as maintain compliance with International Maritime Organization (IMO) regulations by monitoring emissions. Additionally, the platform will enable IRS to create a virtual twin to enhance vessel lifecycle management, offer digital services on a single, unified platform, and provide end-to-end digital traceability of requirements.

“Complex marine and offshore projects need new ways to leverage the advanced technologies that are defining a new era in shipbuilding and gain an edge in the industry,” said Deepak NG, Managing Director India, Dassault Systèmes. “The 3DEXPERIENCE platform and our industry solution experiences like Program Excellence For Sea and Designed for Sea transform shipbuilding practices to support strategic objectives sustainably. The digital management of complex projects, collaboration across multisite ecosystems, efficient production planning, and virtually exploring alternative design scenarios all impact the delivery of high-quality vessels that meet – or better yet – exceed their customers’ expectations.”

“Following a thorough analysis of marketplace solutions, we selected Dassault Systèmes to execute our digital strategy and add value to our business,” said Arun Sharma, Executive Chairman, IRS. “This association will help us achieve our business objectives, improve the quality of services, and drive sustainability initiatives. We are committed to providing the highest quality services to our customers and this collaboration will enable us to achieve that goal.”

Hyderabad, March 06, 2023…..CIE (Centre for Innovation & Entrepreneurship) IIIT (International Institute of Information Technology) Hyderabad hosted The 42 SUMMIT, an AI(Artificial Intelligence) summit bringing on Friday at its premises in Gachibowli. 150 plus startups, corporates and incubators came together and participated.

Speaking on the occasion, In Ravinder Singh, Kalaari Capital partner Ravinder Singh ,”Technology is just technology. There’s value to enterprises only when it solves a real problem.”

Prof Ramesh Loganathan said, “There is a lot happening in the city around AI. The creative startup solutions, corporates engaging in AI, investors looking for AI startups. And more.. We are so happy we could bring this ecosystem together to discover and connect.”

It was an event to discover, discuss, and showcase the AI Innovation ecosystem in Hyderabad, the organizers said. The 42 Summit is a celebration of these startups in Hyderabad. This event was co-hosted by CIE-IIITH and Microsoft, jointly with T-AIM, T-Hub and the t-incubators network, they shared.

The 42 Summit brought together industry, startups, academia, investors and enablers from across industries. It was an event to discover, discuss, and showcase the Artificial Intelligence (AI) innovation ecosystem in the city of Hyderabad. It was also an event to connect and engage in conversations around AI. Also it was an attempt to discover the breadth and depth of AI landscape in the city, through a directory of AI startups.

The participants included the corporate leaders who wanted to discover interesting AI solutions. Another set up of participants were Startups who were looking forward to connecting with investors and mentors. Equally investors who were searching to discover innovations and innovators also joined. Policy makers who were looking forward to discovering use-cases also made it to the summit. The young entrepreneurs who were looking forward to access to markets and funds through the conversations too turned up in large numbers.

The summit had sessions addressing a few different domain centered themes such as AI in MedTech, Reinventing Retail and Enterprise SaaS and AI, Sustainability / Mobility AI tech and FinTech AI. Each session had four panelists sharing their insights. Eight curated startups pitch on the stage, followed by a dialog between the startups and the investors/enablers.

Three panel discussions were held. One discussion was on AI in Fintech, second one was on AI in Medtech and third one was on AI in Mobility/Sustainability. Some of the panelists included Panellists included the likes of Corporate VCs represented by Mr. Hussaini SF(JPMC); Mr. Anuj Jain(Accenture); Mr. Gautham Sivaramakrishnan(Blume VC) and Mr. Siddharth Kochar(Wells Fargo) who deliberated on the possibilities and potential of AI in the booming space of Fintech. A medtech segment led by Mr. Manoj Kapoor(Providence India), Dr. Mahesh Iyer(Parexel) and other corporate leaders. Followed by an engrossing session on AI in Mobility, by Mr. Ravinder Singh (Kalaari Capital), Ms. Megha Y(Uber), Mr. Venu Gopal J(ZF) and Mr. Sridhar C(TCS). Final session was on enterprise SAAS, anchored by Mr. Sreedhar Peddineni (GTM Buddy), the industry and corporate foresight being provided by Mr. Priyaranjan Jha ( PepsiCo.), and Mr. Suhrid Palsule (Microsoft).

The panelists cut across multiple sectors of modern day AI implementations with conglomerates, MNCs and successful startups in equal proportions, such as JPMC, Blume VC, PepsiCo. and Microsoft, amongst others. Multiple thesis, curated market understandings, platformed justification of trends was represented by the startups who gave lightning pitches.

The startups participating in the lightning pitches were: AI in Fintech: Strobes, SignalX, Subtl.ai, Udbhata; AI in Medtech: Zedblox, Logy.ai, PiStar, Monitra Health; AI in Mobility: Enmovil, Dream Vu, Sepal, AEyeSoftlabs, StaTwig, Flytta; AI in Enterprise SAAS: AtomState, Hirex.ai, Neuralsync.ai, Eunimart, Perspect.ai.

Bangalore, 1st March 2023: – Lenovo, the global technology leader, undertook a global research study wherein 500 chief technology officers (CTOs) from various industries and countries shared their opinions on the future of technology, with 59 CTOs adding their perspectives from India.

The study uncovers interesting findings about CTOs’ viewpoints on how traditional IT will continue to evolve into a “New IT” architecture, where client devices, edge computing, cloud computing, network and artificial intelligence will all work together to address CTOs’ commons pain points and provide them with solutions as they drive further digitalization across all industries.

Ajay Sehgal, Executive Director for Commercial Business, Lenovo India, “The fact that CTOs from across the world are thrilled about the New IT architecture approach gives us hope and a perspective into the future of technology. These findings are extremely useful as the ICT sector develops new technological skills and innovation in the present for years to come. We will apply what we’ve learned from this study to help our clients better use data and produce insights that will change their businesses. This research has provided us with valuable insights into the goals and expectations of CTOs in the India market as well as globally.”

The top findings from Lenovo’s survey of more than 500 CTOs including the 59 Indian CTO’s Viewpoints are:

The shift to hybrid work environment is elevating the importance of elements of IT architecture:

● The majority of Indian CTOs had a favorable opinion of the technology architecture within their firm, with 57% describing it as “could be better,” 30% stating that it is “simple to use,” and only 13% categorizing it as “lacking.”
● Smart Devices, Smart IoT, and Scenario-Based Solutions, among other factors, are gaining relevance.
● Looking ahead, CTOs noted the importance of the cloud, software and computing as key components for the future of a hybrid work environment, with 90% optimistic about the future of the hybrid cloud.

Major challenges exist for CTOs relating to cybersecurity and accessibility in emerging tech:

● Respondents from India 90% all cited cybersecurity as a top challenge they need to address within their organizations.
● Compatibility issues in enterprise infrastructure and user experience are primary pain points when CTOs make purchasing, upgrading, migrating, and retiring decisions of IT infrastructure for their organizations.
● Specific challenges mentioned by the Indian CTOs are migration, skilling, and security.
○ The biggest issue is managing legacy systems as they get older and become obsolete, which adds to the pressure of having to find answers to significant problems quickly.
○ Increasing complexity in enterprise technology environments. The shortage of IT specialists caused by the exponential growth in demand is another issue.
○ Increasing cybersecurity and data privacy concerns with remote work.

CTOs say there is potential to utilize technology even more extensively at work:

● Other topics mentioned by CTOs as being crucial to the future of technology architecture include “R&D / Innovation” (9%), “Data Management” (7%) and security (6%) in addition to these five “New IT” components (Client, Edge, Cloud, Network, Intelligence).
● According to Indian CTOs, the New IT concept is the future of ICT (Information Communications Technology) architecture:
● New IT will help us in aspects of modern society. It is an innovative concept that helps companies adapt faster to changes. It ensures smarter and faster delivery of services
● The new architecture is definable, adaptable, and fluctuates with demand
● Indian CTOs also feel that there are other significant components that are important to shape the future of ICT (apart from the components of New IT). These components include Data Security, Upskilling of employees, Artificial Intelligence (AI), Customer satisfaction, AR, VR, and Metaverse.
● To ensure that the proper talent is applied to the right task, Indian CTOs also feel the need to upskill their workforce

Lenovo’s concept of “New IT” resonates among CTOs across the globe as and encompassing:

● Significant numbers of CTOs believe there is potential for their firms to make even greater use of IT infrastructure components including 5G MEC, the public edge cloud, IoT Edge, and private edge cloud across each of the five parts (Client – Edge – Cloud – Network – Intelligence).
● Most Global CTOs (87%) feel that third-party providers are crucial for assisting in resolving issues with technological architecture when trying to tackle technical issues.
● Indian CTOs believe that edge computing, cloud computing, network and AI/ Big Data will bring in intelligent transformation in the coming years.
○ Edge computing helps to protect sensitive company data and is safe to store on many cloud platforms. In the future, Indian CTOs would like to see edge computing provide cost optimization and efficiency, improved data security, and high accuracy for data entry and calculations.
○ They feel that cloud/ cloud computing can enable a faster integration to old IT technologies, eliminate security and privacy concerns and operate on larger data easily. Till now, cloud computing is being used to conduct special academic learnings.
○ Future networks, according to them, must be fast, secure, and provide a large amount of capacity. They also believe that a powerful 5G network for nationwide communication will give better and faster services. CTOs in India would also like to see the network reduce software and hardware costs, drastically improve system power transmission, and minimize network latency.
○ They feel that AI and big data may be used to study client behavior and deliver meaningful insights. Improvements to these could lessen the presence of incorrect information. They foresee significant improvements because of AI/Big Data, such as secure future technologies, focused and targeted promotions, and risk identification.

Cairo, Egypt. 1st March 2023: Since the start of the pandemic, there have been immense changes in how employees interact with IT tools and teams. Across the board, enterprises are seeing more collaboration between non-IT employees and IT personnel, and this collaboration can be, at least in part, attributed to IT decentralization and democratization. In the increasingly digital-first, hybrid work environment, we have five predictions that are likely to come to fruition.

1. Enterprise-IT will evolve into enterprise-wide IT

We will continue to see the decentralization of IT personnel. Not only will most enterprises have a centralized IT group to handle requirements like systems deployment, cybersecurity, compliance, and threat detection, but these enterprises will also have IT personnel throughout the organizational chart, addressing specialized business-driven needs as they arise. As technological expertise continues to permeate throughout enterprises, non-IT employees and IT-adjacent service delivery teams will use low/no-code platforms to build and deploy simple applications. According to a recent ManageEngine study – IT at Work: 2022 & Beyond, 42% of global IT decision-makers believe that each department will have its own IT team in the next five years.

2. The tool vs. platform debate will be laid to rest

Enterprises of varying sizes and maturity have made different choices, especially in regard to the management of their technology infrastructure. Some opted to go with a specialized tool for every problem; others invested in a platform that could expand to solve problems as they arose. The platform option is far more efficient. Having a tool for every problem doesn’t help enterprises keep pace with changing demands. More and more enterprises will opt for the holistic, scalable platform approach to managing their technology infrastructure.

3. We will see unified service delivery designed for remote-first employees

Organizations will consolidate enterprise services on a unified service management platform, facilitating remote-first employees with a productive workspace—wherever these employees choose to work. In addition to IT knowledge resources commonly accessed from a single enterprise self-service portal, employees will increasingly be able to access and request services; for example, they’ll be able to onboard remote employees, confirm corporate bookings, and submit travel expenses.

4. AI models will continue to evolve

In 2023, we will see AI models with better precision, being built with a limited amount of training data. Techniques like few-shot learning and transfer learning will see increased adoption, and the gap between natural language processing (NLP) and computer vision (CV) will continue to blur. As an example, we’re already seeing applications that allow us to search through a recording for a particular topic; then, by conversing with a chatbot, we’re brought to the relevant timestamps.

AI regulation is also on the horizon. Like we saw with data privacy legislation (GDPR), this regulation will come from the European Union. Set to become law in 2023, the E.U.’s AI Act could start being enforced as early as 2024.

5. Finding and reskilling technology talent will continue to be a challenge

The rapid evolution of technology and the changing business landscape has put pressure on businesses to find and retain talent; the question of whether enterprises should find fresh talent or reskill existing employees is one that enterprises will have to make.

In the wake of the Great Resignation, some companies assumed it would be easy to find new talent, but that really hasn’t been the case, especially in regard to software-engineering workers. Factors like diversity and inclusion will continue to influence hiring decisions, and at ManageEngine, we personally believe that continuing to train, educate, and foster the careers of existing employees is the best course of action. That said, enterprises will have to choose for themselves how best to proceed.