Tag AI

India, October 09th, 2024: LS Digital, India’s leading integrated Digital Business Transformation (DBT) company, today announced its strategic partnership with DataMorph™, a pioneer in Data Pipeline Automation. This collaboration aims to enhance both companies’ offerings in the global market, targeting enterprises striving to become AI-ready by significantly reducing the time spent on data engineering and pipeline creation.

In an age where enterprises are rapidly moving towards AI readiness, approximately 60% of their time is consumed in data engineering and pipeline creation. DataMorph’s innovative platform addresses this challenge by reducing that time by 90%, enabling businesses to accelerate their AI initiatives. The platform’s user-friendly interface and no-code/low-code capabilities allow entry-level developers or even business analysts to efficiently manage data pipelines, reducing the dependency on highly skilled data engineering resources.

While announcing this partnership, Mr. Prasad Shejale, Founder and CEO, LS Digital, said, “We are excited to collaborate with DataMorph to take their state-of-the-art platform to businesses beyond the US market. This partnership aligns perfectly with our goal to drive digital business transformation for our clients, enabling them to unlock the full potential of their data.”

As businesses continue to navigate the complexities of digital transformation, DataMorph is set to become a game-changer in the industry. With its innovative approach to data accuracy and seamless implementation of analytics solutions, it provides businesses the confidence and clarity they need to make data-driven decisions. By ensuring compliance and unlocking the full potential of their data, DataMorph empowers organizations to not only meet today’s challenges but also future-proof their digital strategies in an increasingly data-centric world. This launch marks a pivotal moment for businesses seeking to thrive in the age of advanced analytics.

Speaking on the partnership, Mr. Krishna Katikaneni, CEO and Co-founder, DataMorph, said, “Partnering with LS Digital marks a pivotal step in DataMorph’s mission to enable enterprises to be data driven, treat data as a product and become mature in data engineering.. Their expertise in digital business transformation and strong market presence will be crucial in expanding our reach and helping enterprises achieve AI readiness faster.”

Key Features and Benefits of DataMorph:

DataMorph™ is a visually driven data engineering platform designed to scale ELT/ETL processes. It provides a single integrated framework for various types of analytical workloads and orchestration requirements. It’s a simple, flexible, extensible, and cloud-agnostic platform. With pre-built connectors & transformation processors along with customizable workflows, enterprises can build reliable data products faster with the existing talent and knowledge. Real-time monitoring, alerts, and robust security measures ensure reliable and scalable operations, reducing data engineering time by 90% and expediting AI readiness for enterprises.

Mr. Vinay Tamboli, CEO – Data & Insights, LS Digital, added, “In today’s business environment, data is the lifeblood of decision-making and can transform a business. However, the challenge lies not in collecting data but in the complex processes of compiling, sorting, analysing, storing, and implementing it. Without the right system, businesses can waste thousands of dollars and countless hours on this aspect alone. DataMorph’s state-of-the-art data pipeline automation platform addresses these challenges head-on, saving both time and resources.”

In today’s digital-first world, businesses are increasingly overwhelmed by the complexity and sheer volume of data generated across various platforms. With growing privacy regulations and the need for accurate, actionable insights, many companies struggle to implement seamless data tracking systems. Issues such as data accuracy, incomplete migrations, and challenges in deriving meaningful insights have become common hurdles. This has created a critical need for services that offer end-to-end solutions to ensure data precision, compliance, and actionable intelligence for businesses striving to stay ahead in a competitive market.

NEW YORK and NOIDA, India, Oct 8, 2024—HCLTech, a leading global technology company, announces its participation as a gold sponsor at the World Summit AI, taking place on October 9 and 10, 2024, at the Taets Art & Event Park in Amsterdam. The company aims to play a pivotal role in shaping discussions around AI-driven digital transformation and enterprise innovation.

HCLTech will be represented by key leaders, including Vijay Guntur, Chief Technology Officer and Head of Ecosystems, and Alan Flower, Executive Vice President and Head of AI & Cloud Native Labs.

During the two-day summit, HCLTech will engage attendees through the following thought-provoking sessions:

AI that delivers business impact — Fireside Chat with Vijay Guntur  This session will explore how enterprises can develop effective business cases for AI, scale implementations and manage change while addressing crucial aspects such as responsible AI, culture and security.

Implementing GenAI – from idea to production — a workshop hosted by Alan Flower  In this engaging and experiential workshop, participants will learn how to convert their GenAI ideas into GenAI-enabled business solutions that can swiftly transition into scalable production.

In addition to these sessions, HCLTech will facilitate in-person meetings and lab sessions in a dedicated space at the venue.

“We are excited to participate in the World Summit AI and look forward to meaningful dialogues on enterprise AI and how organizations can leverage AI at scale to drive value stream innovation,” said Vijay Guntur, Chief Technology Officer and Head of Ecosystems, HCLTech.

“Our participation in the World Summit AI reflects our commitment to AI and GenAI, as we best equip leading enterprises with the strategies they need to effectively navigate and accelerate their AI journeys,” said Alan Flower, Executive Vice President and Head of AI & Cloud Native Labs, HCLTech.

On the sidelines of the summit, HCLTech will host exclusive partner roundtables, providing a platform for in-depth discussions on compelling AI topics.

Mr. Eshant Mishra, Director DX Business, Salesforce

Mumbai, October 4th, 2024…Social Beat, in collaboration with Salesforce, announced the success of the MarTech Leadership Summit 2024 held in Mumbai. The Summit brought together leaders from marketing and technology to discuss the integration of cutting-edge MarTech solutions, AI, and automation to drive business growth and enhance customer experience. The summit was a rich learning experience with actionable insights on the future of marketing technology for attendees.

Speaking at the summit, Mr. Vikas Chawla, Co-Founder of Social Beat, remarked, “The MarTech Leadership Summit 2024 exemplifies the power of innovation and collaboration. By joining forces with Salesforce, we were able to bring forward transformative ideas and solutions that will redefine how brands approach marketing and shape customer experience. It’s exciting to witness how businesses are embracing MarTech to stay ahead in a rapidly evolving digital landscape.”

The summit began with Mr. Eshant Mishra, Director DX Business, Salesforce and Mr. Tanmay Tiwari, Lead Solution Engineer – DX, Salesforce sharing how Salesforce’s suite of tools, including Customer 360 and AI-powered solutions, enable businesses to enhance customer experiences and drive significant business results through data integration and personalised engagement. They also highlighted the power of AI and automation in improving operational efficiency and optimising marketing strategies.

At the panel discussion on ‘The Importance of MarTech and AI in Today’s Era’, Ms. Shruti Sinha, Chief Customer Officer, House of Anita Dongre and Mr. Sandesh Rane, CDO & CTO, Group Landmark highlighted how MarTech and AI are enabling brands to deliver personalised customer journeys and create seamless shopping experiences across digital and physical platforms. The panel was moderated by Mr. Suneil Chawla, Co-Founder, Social Beat, emphasising the transformational role of AI-powered marketing in boosting efficiency and driving business growth.

The second panel discussion on ‘Future-Proofing Your Marketing Strategy – The Role of Automation’, with Ms. Mahuya Chatturvedi, Head of Marketing and Consumer, Aditya Birla Century Ply and Mr. Vivek Shetty, VP Digital, Bandhan Mutual Fund shared insights into how automation is streamlining marketing processes and helping businesses stay competitive by reducing response time and improving campaign efficiencies. The session, moderated by Mr. Vikas Chawla, Co-Founder, Social Beat, highlighted the importance of adopting automation in marketing to build scalable strategies that deliver consistent customer engagement and enhance marketing ROI.

The MarTech Leadership Summit 2024 saw participation from marketing leaders, technology experts, and brand managers. The event has successfully positioned itself as a key resource for companies looking to enhance their digital marketing capabilities to stay ahead in the fast-evolving digital landscape.

India — August 27, 2024: Cloudera, the only true hybrid platform for data, analytics, and AI, announced it has achieved Level 1 compliance with the Payment Card Industry’s (PCI) Data Security Standard (DSS) for Service Providers. This certification demonstrates Cloudera’s commitment to cybersecurity and compliance in its mission to help financial institutions unlock business value from AI. With this milestone, Cloudera’s Platform as a Service (PaaS) and Private Cloud (PVC) are both PCI DSS v4.0 compliant, the newest major version of the framework.

PCI DSS standards define rigorous security controls and processes for entities involved in the payment ecosystem, as well as requirements for developers and solution providers to build and securely manage payment devices, software, and solutions for the payment industry.

As the rise of e-commerce has rapidly scaled the amount of data that financial institutions have under management, the need to protect that data has grown as well. According to the International Monetary Fund’s 2024 Global Financial Stability Report, the financial sector is the target for one-fifth of all cyber-attacks, and this risk is largely driven by its dependence on third-party IT providers. Certification with the most recent security standards for the PCI is a testament to Cloudera’s ability to quickly adapt to the latest financial sector security requirements, where threats are constantly evolving and becoming more sophisticated.

AI has also transformed the financial sector in recent years, with financial institutions adopting virtual assistants, creating synthetic data for model training, generating research reports and investment summaries, and harnessing machine learning for fraud detection. As the vendor to eight of the top 10 global banks, Cloudera helps financial institutions harness the power of AI and Generative AI while navigating the associated risks, providing a secure environment for managing the vast volumes of data needed to train AI models.

“The financial services industry is undergoing significant digital transformation, and the ability to work with trusted third-party solution providers is critical to success” said industry analyst, Sanjeev Mohan. “Financial institutions can view compliance with rigorous frameworks, like PCI DSS 4.0, as an indicator that the partner they’re choosing to work with is one that can securely navigate the complexities of their data and thrive in this AI-powered future.”

“Cloudera’s achievement of this certification is a testament to our commitment to our financial sector customers,” said Natalia Belaya, Cloudera’s Chief Information Security Officer. “We strive to provide and maintain a secure and trusted platform to support our customers with evolving data initiatives and empower them to unlock greater value from AI.”

Authored By: Aadeesh Sharma and Prof. PB Sharma

If one thing that has created great interest in the minds of people around the world, young and old, and of all walks of life, it is the advent of AI, commonly referred as Artificial Intelligence. The AI revolution is sweeping across the globe and covering all sectors of economic activities and personal and professional endeavours. Be it mobile hand set, laptop, IoT connected devices and systems or tomorrows health informatics, large data analytics and decision-making systems for planning, design and manufacturing, service, supply chain management or governance tomorrow, everywhere AI powered systems of data analytics and decision making are going to empower the people around the world with great capabilities of smart, intelligent, and optimal decision making for creating a new world of happy and blissful habitat. The capabilities of machines as well as the intelligence of man shall witness and ultra new high as we move deeper into the age of AI and virtual reality.

Threats of Data Piracy and Skill Gap for AI Adoptation are Major inhibitors:

As per the IBM Global AI Adoptation Index 2023, Data piracy (57%) and trust and transparency (43%) concerns are the biggest inhibitors of generative AI according to IT professionals at surveyed organizations not exploring or implementing generative AI. 35% also said that lack of skills for implementation is a big inhibitor. Further, one in five organizations reported that they do not have employees with the right skills in place to use new AI or automation tools and 16% cannot find new hires with the skills to address that gap.

New Challenges and Responsibilities:

However, every epoch-making technological innovation and scientific advancement brings added responsibility on the shoulders of the people. Be it nuclear power, space exploration, hyperconnectivity, and network systems of ultra-intelligent smart machines, nano-scale smart systems, and smart and intelligent materials, all call upon people to shoulder a great responsibility for their use for the larger collective good of humanity. As such with the advent of AI, a new era of responsible behaviour and responsible global citizenship must be necessarily ushered in.

Responsible human Behaviour and Responsible Global Citizenship are a must:

Needless to say, that irresponsible use of advanced science and technology could be even more devastating today than the dropping of the nuclear bombs at Hiroshima and Nagasaki during world war- II. The impact of the irresponsible use of technology powered by AI and driven by large data analytics in the connected world, even the hyper-connected universe tomorrow, shall play havoc to the future of humanity and shall undoubtedly pose an existential threat to the planet Mother Earth and other celestial bodies that today are giving us the bliss of the heavens from space.

Responsible Behaviour is the hardest currency:

It is this call for responsible behaviour, and ethical and professional moral conduct that is the highly valued currency as of today. The new generation of learners and their mentors both in the universities as well as in the industries, corporate, and government systems need to bear faith in this great responsibility that advanced technologies like AI bring with them for their responsible use for humanity at large.

The call for action:

The universities around the world today are undoubtedly greatly excited to offer AI and Machine Learning courses alongside with data science and large data analytics, robotics and automation and interdisciplinary courses like advanced nanoscience and technology and even more advanced layers of life sciences and biological and chemical sciences as the age of Pathbreaking Science and game-changing technology innovations has truly arrived.

The university leadership is therefore called upon to respond with great urgency by designing policies and putting them in place with effective strategies and empowered systems to inspire the new generation learners to imbibe the dimensions of ethics and professional integrity that are demanded with the empowerment of advanced science and technologies including Artificial Intelligence and its self-generative applications that are gaining great currency in the campuses of the universities around the world, including here in India. The excitement in the younger generation is undoubtedly very high and naturally so, as the university going new gen netizens are all 21st century global children who have descended on planet earth after the advent of internet and blessed with the empowerment provided by the connected world driven by technological innovations rolled out increasingly from the advent of 21st century.

Purity of Mind needed at all times:

The responsibility for maintaining purity of mind and responsible behaviour needs to nurture in every single corridors of the university campuses including the classrooms, labs, and research centers and more so in the innovation incubators coming up rapidly in the campuses of the colleges and universities. The time is also right to develop operative AI systems both for direct as well as generative AI in which the professional moral codes and ethical use of AI systems should be integrated as mandatory and integral part of the operating systems. The idea of AI on Chip can take this integration of ethical and professional codes into the development of AI on Chip, which is the future for penetration of AI for all and AI everywhere.

The author Aadeesh Sharma, currently pursuing his final year at Arizona State University has witnessed great emphasis on nurturing interdisciplinary, high tech, minds in education and research that goes beyond the classroom, to the collaborative projects and interdisciplinary pursuit of research. “Arizona State University, we are committed to a culture of academic integrity and scholarly ethics and provide a culture of academic excellence and integrity to foster and promote ethical and honest behaviour in connection with the scholarly work and interactions with peers”.

The co-author, Professor PB Sharma, who nurtured great innovations and fostered a culture of academic and research excellence with integrity and responsibility during his long innings at IIT Delhi, Delhi College of Engineering, Delhi Technological University DTU, and is nurturing an interdisciplinary environment for path-breaking scientific advancement at Amity University Gurugram, sees great potential for creating a bright and blissful future for the humanity, given the infinite potential and innovative genius of the new generation of learners and their inspired mentors.

The purpose of writing this article is to emphasize the importance of academic integrity and professional morality alongside with academic and research excellence in the university and college campuses as the era of AI has brought this great responsibility on the shoulders of young and old, more so on the new generation of learners and their peers.

The government of the day in nations of the world would also be within their charter to assert a new era of responsible human behaviour and a new dawn of integrity and professional morality as there is no escape from responding to the challenges of honesty, responsibility and integrity.

Aadeesh Sharma is pursuing his undergraduate degree in computer science at ASU, Phoenix, Arizona, USA and has been a Dean’s Scholar throughout his studies. Professor PB Sharma is an eminent academician, a former Professor of IIT Delhi, former Director of DCE, founder Vice Chancellor of DTU, past President of the Association of India Universities (AIU) and currently Vice Chancellor at Amity University Gurugram.

India, Aug 13, 2024: Onix, a leading provider of cloud, data, and AI IP-led services, today announced strategic initiatives designed to accelerate global expansion and solidify its position as a technology leader.

The company announced it has inaugurated new Google Cloud innovation and delivery hubs in Bengaluru, India, and San Francisco, USA, strategically expanding its footprint to key tech hubs. This move complements Onix’s existing presence in Pune, Hyderabad, Canada, the UK, and Singapore, demonstrating its commitment to delivering innovative solutions and services, enhanced by Google Cloud technology, on a global scale.

“Our investments in product and service innovation hubs in Bengaluru and San Francisco will help our global customers to rapidly deploy AI and data solutions,” said Sanjay Singh, CEO of Onix. “These strategic expansions are in line with our long term investment plans to accelerate outcomes and tap into the immense talent pool within these tech hubs to lead the charge in global innovation.”

“We’re pleased that Onix will bring Google Cloud’s advanced AI and cloud technology to more global customers through the launch of their new delivery hubs,” said Lee Moore, VP, Global Google Cloud Consulting, Google Cloud. “Google Cloud’s planet-scale infrastructure and comprehensive tools, complemented by our partner’s adaptive offers and services, can help accelerate our customers’ digital transformation journey.”

Onix completes integration of Datametica

Onix recently completed the integration of Datametica, the data modernization and migration company that it had acquired in Oct. 2023. With Datametica Birds, Onix has expanded its service offerings and unlocked new AI-powered, IP-backed products, further solidifying its position as a frontrunner in the cloud, data, and AI sectors.

Poised for Continued Growth in Reshaped Tech Landscape

Onix’s aggressive growth strategy, combined with its commitment to innovation and enhanced capabilities, positions the company for a prominent role with its unique IP based services approach in the reshaped global cloud and AI landscape. With its expanded geographical presence, cutting-edge solutions, and a leadership team brimming with experience, Onix is well-equipped to meet the evolving needs of its clients and ensure continued success for years to come.

India– August 9, 2024 –SAWiT (South Asian Women in Tech) & GUVI announce a groundbreaking partnership to invite 16 lakhs+ women students enrolled in AICTE-affiliated institutions to participate in SAWiT.AI, the world’s largest, women-only Generative AI learning challenge, which is training 5 lakh women in Generative AI on 21 September. Student participation is free, and online and offers unrestricted access to students everywhere.

All-India Council for Technical Education (AICTE), under the aegis of the Department of Higher Education, is responsible for the planning, formulation, and maintenance of norms and standards in technical education across the country. SAWiT (South Asian Women in Technology), network aspires to be women’s empowerment catalyst through advancing skilling and support for 10 million/1 crore Indian women in the Generative AI, AI and automation ecosystem

The AICTE-SAWiT.AI partnership offers five immediate, tangible, and valuable benefits for women students and institutions. Firstly, it addresses the growing need for future-ready technical education by preparing students for an evolving job market through Gen AI upskilling in six Indian languages (Tamil, Telugu, Kannada, Bengali, Marathi, Hindi) and English, with all necessary learning infrastructure provided, making it easy to complete the course. Secondly, it enhances student skills and employability, fosters valuable industry connections, and positions institutions as global leaders in AI education.

Additionally, students can earn one academic credit for completing the 15-hour Gen AI course, which includes Python and Gen AI. For institutions, the integration of NSQF-aligned Gen AI courses with credit equivalence under the National Credit Framework enriches their curricula. AICTE recommends that participating institutions award one credit for course completion, thereby bolstering their academic and professional credentials. Furthermore, the partnership offers participation in the SAWiT hackathon in October 2024, providing students with the opportunity to further develop their Gen AI skills, gain recognition, and compete for valuable prizes.

Lastly, student and faculty participants are invited to join SAWiT, a women-only network that nurtures professional success and entrepreneurship. Built on Kalido’s AI-driven platform, SAWiT maximizes opportunities through peer-to-peer matching, entrepreneurship, job readiness learning pathways, and job placements at scale.

Prof. T G Sitharam, Chairman at AICTE, said, “AICTE is leading the GenAI revolution for Women across India with GUVI and it will greatly benefit from World’s Largest Women Only, Gen AI Learning Challenge SAWiT.AI. By integrating Generative AI and Python courses into our curriculum, we are enhancing their skillsets and employability in Gen AI, while also fostering valuable industry connections. This initiative is a significant step towards improving educational quality and creating equal opportunities for women in STEM.”

Anitha Natarajan, COO of GUVI, highlighted, ” Our partnership with AICTE represents a pivotal step towards advancing India’s AI capabilities. By equipping women with the latest AI technologies, we are aligning with the ‘India AI Mission’ and ‘Viksit Bharat 2047’ to ensure that women play a central role in shaping the future of AI. Our goal is to enable women to secure half of the emerging AI and automation jobs in India over the next five years, thus crafting a new narrative where Indian women lead the way in building a better, technology-driven world.”

This partnership represents a major step in democratizing access to AI education and advancing gender equality and technological innovation. Creating this vast pool of talent drives the fulfilment of India’s aspiration to be the AI capital of the world, capture the $1.3 trillion GDP opportunity and climb the economic complexity index rankings.

 8th August 2024 – Firecompass, a Saas startup in Continuous Penetration Testing and Red Teaming, announced the launch of its Generative-AI powered Agent AI for Ethical Hacking & Autonomous Penetration Testing. FireCompass Agent AI is natively integrated with the FireCompass Platform and autonomously executes the entire penetration testing workflow.

Unlike current generative AI tools that typically only provide interfaces or generic suggestions, Agent AI executes the tasks autonomously, orchestrating to achieve specific objectives like finding organization-specific vulnerability information, generating tailored attack plans, and autonomously executing specific attack playbooks to demonstrate potential breaches. The platform dramatically increases testing coverage, accelerates the discovery of complex attack paths, and enhances the productivity of human pen-testers. This capability is available as an add-on to FireCompass’ existing platform for Automated Pen Testing, Red Teaming, and External Attack Surface Management.

India faces severe cybersecurity challenges, ranking among the most targeted countries globally. CERT-In reports a 25-fold increase in breaches over 5 years, with each breach costing an average of $2.18 million (RBI). A shortage of 800,000 cybersecurity professionals (World Economic Forum) amplifies the immediate need for AI-driven autonomous solutions.

“An average organization conducts ethical hacking or penetration testing on the top 20% of their assets annually. However, attackers are leveraging automation and AI to continuously target 100% of the assets,” said Bikash Barai, CEO and Co-Founder of FireCompass. “Conventional Penetration Testing cannot match the pace of attackers. FireCompass GenAI & Agentic AI can help us achieve 10 to 100 times more frequency and cost efficiency than traditional models.”

Traditional Ethical Hacking or Penetration Testing involves multiple tools and manual effort. FireCompass Autonomous Pen Testing Agent AI with the LLM-powered interface eliminates the need for repetitive manual tasks, significantly improving delivery speed and the depth and breadth of testing.

“Automating penetration testing of complex, multi-stage attacks is the next level of penetration testing. Agent AI is a promising way to solve this otherwise hard problem,” said Bruce Schneier, an internationally renowned security technologist called a “security guru” by the Economist.

• Gaps with Standard LLMs in Penetration Testing
• Standard LLMs have several limitations in the context of penetration testing:
• They cannot answer queries specific to an organization (e.g., “Give me the list of IPs of all risky assets”).
• They cannot create an organization-specific plan of attack for a given objective.
• They cannot execute end-to-end Penetration Testing or red-teaming on their own.
• Introducing Agent AI for Penetration Testing & Red Teaming

FireCompass combines Agent AI with Gen AI to create autonomous end-to-end penetration testing capabilities. While Gen AI typically makes suggestions, Agent AI executes the completion of a workflow to achieve specific objectives. This capability, available as an add-on to FireCompass’ existing platform, will:

• Interact in natural language to provide organization-specific information on vulnerabilities and risks.
• Generate attack plans tailored to an organization based on user-provided objectives, guardrails, and existing vulnerabilities.
• Execute attacks autonomously and demonstrate how an organization can be breached.
• FireCompass has already been awarded a patent by the USPTO for automated penetration testing and red teaming.
• FireCompass’ Agent AI vs. Traditional Methods
• FireCompass uses Agent AI and Gen AI to creatively generate and autonomously execute attack plans.
• Provides 10-100x more testing with the same budget, making human PenTesters four times more productive.
• Accelerates the discovery and mitigation of complex attack paths, reducing the risk window from months to hours.

FireCompass is considered a leader in Automated Pen Testing, Red Teaming, and Attack Surface Management by leading analysts like Gartner, Forrester, and IDC. Founded by serial entrepreneurs and supported by leading VCs, the team holds multiple patents in cybersecurity and has discovered zero-day vulnerabilities in platforms such as McAfee, Microsoft BitLocker, Sophos, and AVG. FireCompass is trusted by Fortune 500 companies globally which includes Top 5 Global Telco, Top 10 Manufacturing Firms, Top 10 Technology, and Banking Firms.

“One huge step to success begins with a single failure” says Raunaq Kakkar, Serial Entrepreneur, Founder of Lawpreneurz, Found My Teacher and MarriedUp

Mumbai, 7^th June 2024: Showcasing the many dimensions of Raunaq Kakkar as the one who turned his failure around into successful ventures. As a game-changer, Raunaq has furthered 250 start-ups across industries such as AI, Education, Agriculture, and Logistics, including diverse sectors to raise their seed capital. Charging on the dynamic momentum, Raunaq now aims towards a 2.0 plan in fostering 2000 founders in the coming year.

TED Talk in 2018 brought Raunaq within the vision of the movers and shakers. In 2022 he was awarded by the Government of Maharashtra and in 2023 he was felicitated in Dubai at the Education 2.0 event.

To help advance businesses abroad, Raunaq’s ‘Found My Teacher’ is a singular platform that coaches’ entrepreneurs in languages that are critical to success and sharpening their comms.  Raunaq has fostered 250 clients in the US, UK, Middle East, and India. With his entrepreneurial skills and astute intellect, he has raised a seed capital of 3 – 5 million USD for them.

Raunaq now aims to help 2000 founders as a fitting acknowledgment to an overwhelming response.

As a Serial Entrepreneur, he now seeks the support to collaborate with global entrepreneurs and expand his business acumen to different horizons. The journey forward is to promote 2000 business owners in the coming year.

Barcelona, Spain, February 26, 2024: Huawei hosted the 5G Beyond Growth Summit at MWC Barcelona 2024 today. At the summit, Li Peng, Huawei’s Corporate Senior Vice President and President of ICT Sales & Service discussed how carriers can achieve business success in 5G and how 5.5G will further unlock the potential of networks and create new growth opportunities.

“5G is on the right path to business success,” said Li. 5G began commercialization in 2019, and over the past five years, it has already gained 1.5 billion 5G users around the world. It took nine years for 4G to make this happen. Currently, 20% of global mobile subscribers are using 5G. These users generate 30% of all mobile traffic and contribute to 40% of mobile service revenue.

Li explained, “5.5G is entering commercial use in 2024, and as 5.5G, AI, and cloud converge, carriers can unlock the potential of new applications and capabilities.”

He went on saying carriers around to the world should focus on high-quality networking, multi dimensional monetization, emerging services, and generative AI to grasp these opportunities.

High-quality networks are still the foundation of business success

Mobile users have proven willing to purchase experience upgrades for their mobile packages if their networks are of high enough quality. The traffic generated by these users is therefore expected to significantly increase, allowing carriers to maximize the value of traffic. This has led to more and more carriers proposing strategic goals that include the construction of high-quality 5G networks.

Some carriers in the Middle East, for example, have already deployed Massive MIMO networks, and the optimal experience delivered by these networks have made 5G FWA rollout a success. Currently, 5G FWA has connected nearly 3 million households, making it a powerful engine of revenue growth for carriers.

Multi-dimensional monetization maximizes the value of each bit

More than 20% of global 5G carriers have already adopted speed-tiered pricing models. One carrier in Thailand, for example, recently released a 5G Boost Mode add-on, which allows subscribers to select different speed tiers to best meet their usage needs. This model has helped the carrier increase its ARPU by about 23%. Another Chinese carrier has launched a guaranteed uplink package to provide livestreamers with smooth, high-definition livestreaming experiences. The package has become quite popular and helped the carrier increase its ARPU by more than 70%.

New emerging services enable long-term sustainable growth

New services like New Calling, cloud phones, and glasses-free 3D are getting more and more attention from consumers. For example, New Calling’s value-added functions like virtual avatars are becoming quite popular. Users are also willing to pay more for services that deliver real-time experience, such as one-stop car insurance claims.

5G has been also adopted among many industries. In China, more than 50,000 private 5G network use cases have entered commercial use in over 50 industries. The new capabilities of 5.5G, including deterministic latency, precise positioning, and passive IoT, are expected to create even more opportunities for carriers in the B2B market.

Generative AI will drive the mobile industry into the era of all intelligence

According to IDC, global AI mobile phone shipments will reach 170 million in 2024. This will account for 15% of all smartphone shipments. Next-generation AI phones will have more powerful storage, display, and imaging capabilities. The AIGC applications powered by these phones will generate hundreds of billions of GB data and create new opportunities for carriers.

Li closed out his remarks at the summit by promising, “Together with carriers, we will unlock the potential of 5G and 5.5G, and drive incredible new growth.”