L&T Technology Services and FORVIA signed a strategic partnership – which represents a contract of approximately €45 million – on Engineering development activities for the benefit of its Clean Mobility division. As part of this five-year partnership, approximately 300 engineers from FORVIA’s Augsburg (Germany) and Bangalore (India) sites, have transferred to LTTS. This represents a 95% transfer success rate securing the skills of these teams who will develop internal combustion engine related engineering activities from within LTTS. With LTTS at the helm, these engineers continue their a ..read more

In a research report commissioned by Hewlett Packard Enterprise, nearly half (44%) of IT leaders surveyed believe their organisations are fully set up to realize the benefits of AI. The report reveals critical gaps in their strategies, such as a lack of alignment between processes and metrics, resulting in consequential fragmentation in approach, which will further exacerbate delivery issues. The report, ‘Architect an AI Advantage’ which surveyed more than 2,000 IT leaders from 14 countries, found that while global commitment to AI shows growing investments, businesses are overlooking key are ..read more

Nutanix announced the findings of its sixth annual global Public Sector Enterprise Cloud Index (ECI) survey and research report, which measures enterprise progress with cloud adoption in the industry. The research showed that Public Sector IT leaders expect substantial near-term adoption of multiple IT operating models (87%), yet current usage (57%) is slightly behind the average compared to other industries (60%). This year’s Public Sector ECI report revealed that the use of hybrid multicloud models in the industry is forecasted to quadruple over the next one to three years as IT decision-ma ..read more

With cyber threats evolving at an unprecedented pace and regulatory requirements becoming increasingly stringent, Zeron, a Mumbai based cybersecurity startup, has launched India’s first advanced Cyber Quantified model called Quantified Business Exposure to Risks (QBER) for BFSI companies. As the inaugural CRQ model from India, QBER sets a new standard for cyber risk quantification, offering organisations a comprehensive and dynamic approach to cybersecurity management. By quantifying cyber risks in monetary terms and furnishing actionable insights, this technology model empowers organizations ..read more

HCL Software, the software business unit of HCLTech, announced that it has been selected by State Bank of India (SBI) for their MarTech solution as part of SBI’s digital transformation program. As part of the five-year agreement, HCLSoftware will deploy the HCL Unica platform to enable SBI to digitally transform its customer interaction framework and provide hyper-personalised communication across the bank’s diverse digital marketing channels, while adhering to the Digital Personal Data Protection Act (DPDPA) and other stringent security requirements. HCL Unica, with its advanced Customer Dat ..read more

SSI Mantra Robotic System performs a successful urology procedure on a one-year-old infant with a kidney condition in Hyderabad Made in India Robotic System – The SSI Mantra underscores the significance of having a homegrown solution in a field traditionally dominated by Western Countries New Delhi, 30th April 2024: SS Innovations, the developer of India’s first indigenous surgical robotic system, the SSI Mantra, dedicated to making robotic surgeries cost-effective and accessible to a global population, has achieved a monumental milestone in Indian medical history. Dr. Chandra Mohan Vaddi ..read more

A new report from the Bitrue throws down the gauntlet to Big Tech, highlighting how decentralized GPU (Graphics Processing Unit) rental markets could democratize access to computational power and disrupt the current AI resource landscape. The report dives into the heart of the issue – the surging demand for GPUs fueled by the AI boom. It exposes the limitations of the current system, where high-performance GPUs remain the exclusive domain of tech giants and cloud providers. This creates a significant barrier to entry, leaving countless AI startups, researchers, and independent developers ..read more

Indian Diaspora, Indian origin business leaders and international experts from diverse backgrounds, including Chief executive officers, managing directors, academicians, health and AI experts from IT companies hailed Prime Minister Narendra Modi’s leadership for making India a global hub for Artificial Intelligence (AI) at “Indiaspora AI Summit”, organised at Stanford University, USA. Besides Ambassador of the United States of America to the Republic of India, Eric Garcetti and Member of Parliament (Rajya Sabha) & Chancellor Chandigarh University, Satnam Singh Sandhu, CEOs, Technocra ..read more

Nearly 70% of the 600 fraud-management, anti-money laundering, and risk and compliance officials surveyed in BioCatch’s first-ever AI-focused fraud and financial crime report say criminals are more adept at using artificial intelligence to commit financial crime than banks are at using the technology to stop it. Equally concerning, around half of those same fraud-fighters report an increase in financial crime activity in the last year, and/or expect to see financial crime activity increase in 2024. Published today, the report – from the global leader in digital fraud detection and financial c ..read more

UiPath recently announced the launch of two new data centers in Pune and Chennai, as part of its global expansion initiative. UiPath Automation Cloud will offer enhanced services to customers and partners in the Indian market, ensuring strategic positioning of infrastructure, applications, and data. The launch of these data centers marks a significant milestone for UiPath Automation Cloud, providing both public and private sector entities with unparalleled opportunities for growth and innovation. These data centers will help meet growing demand for cloud services, with a focus on business con ..read more