IBS Software, a leading SaaS solutions provider to the travel industry globally, has appointed Somit Goyal as its new Chief Executive Officer (CEO), effective immediately. Somit succeeds Anand Krishnan, who served as CEO of IBS Software since 2018. Somit Goyal brings a wealth of experience in the enterprise software sector, having held leadership roles at globally renowned companies such as Microsoft, SAP, Oracle and AOL. During his 11-year tenure at Microsoft, Somit held several leadership roles across strategy, operations, sales and customer success. In his last role, he managed the global s ..read more

Prodapt, the largest and fastest-growing specialized company focused on the connectedness industry, has announced the launch of TechCo Toolkit, an integration with ServiceNow to help Communications Service Providers (CSPs) accelerate service activation, automate key workflows, and leverage AI to transform operations. Legacy Operational Support Systems (OSS) with siloed processes and multivendor environments are slowing Telecom networks, delaying revenue and leading to low customer satisfaction. The Toolkit accelerates operational agility by automating and shortening the service lifecycle, maki ..read more

US networking equipment maker Cisco said on Monday it would set up a cybersecurity centre in Taiwan and work with the government to train more people to work in the sector. Democratically governed Taiwan, which Beijing views as its own territory, has repeatedly complained of cyberattacks coming from China, targeting government officials and departments as well as tech firms as part of a broader pressure campaign. China denies involvement in hacking attacks. Cisco said that as part of what it calls its Taiwan Digital Acceleration Plan 3.0, it would focus on cybersecurity, planning to partner wi ..read more

After a six-month-long investigation, the European Commission has made a milestone ruling on Indian Optical Fiber Cables Manufacturers, exporting to Europe. The decision comes after an extensive investigation initiated by Europacable, on behalf of European industry of optical fiber cable (OFC) manufacturers, which filed a complaint on October 3, 2023. The complaint alleged that imports of optical fiber cables originating in India were being dumped in the European market, causing harm to European manufacturers. Anti-dumping laws are usually put in place to shield domestic industries from unfair ..read more

India’s critical telecommunications and broadband infrastructure runs 24×7 on a continuous and assured electricity supply. Electricity is critical for the operations (since obligated to provide 99.95 percent uptime) and survival of India’s telcos, whether it be their telecom towers, OFC systems, network operational centers, MSCs, submarine cables, servers, or data centers. With the advent of 5G and with digitization becoming a pillar of socio-economic progress, the energy requirements of TSPs only continue to increase. And given the spread of telecom infrastructure across the length and breadt ..read more

The market is estimated to garner a revenue of near to USD 893.93 billion by the end of 2036, up from a revenue of about USD 11.78 billion in the year 2023. The global edge computing market is anticipated to grow with a CAGR of 39.65% over the forecast period, i.e., 2024 – 2036, according to Research and Markets. Factors such as the surge in the adoption of IoT technologies globally followed by the rising need integration connected healthcare infrastructure are projected to drive the growth of the market in the coming years. Additionally, the rising prevalence of smart city projects all over t ..read more

In a fillip to the government’s ‘Make in India’ initiative, technology solutions provider Netweb Technologies on Monday announced the launch of a range of servers from its Faridabad-based manufacturing facility.With support for up to 6TB memory, the server platforms are designed to harness the capabilities of latest 4th Gen AMD (NASDAQ:AMD) EPYC processors to meet demanding needs of high-performance computing environments and diverse workloads at data centre AI systems. “This range of servers represents our commitment to the ‘Make in India’ mission and highlights our capabilities to produce wo ..read more

The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to, Markets and Markets. The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innova ..read more

Less than one-quarter of HR employees (24%) reported that their organization’s HR function is deriving the maximum value from HR technology, according to Gartner, Inc. A Gartner survey of 85 HR leaders in February 2024 found: Only 35% are confident their current approach to HR technology is helping to achieve business objectives. Two out of three believe that if they don’t take action to improve HR’s approach to technology, their function’s effectiveness will decrease. “While HR leaders believe that HR technology is important and impactful, they continue to struggle with how to gain the most ..read more

Robotics simulation software is a pivotal technology for expanding automation in reshoring manufacturing initiatives. It provides a streamlined and robust pathway for innovation adoption and future-proofing facilities and workflows across the automation landscape. Global technology intelligence firm ABI Research found that design and development simulation software revenue will grow at a 21.6% CAGR to the end of the decade. This growth is primarily driven by the need for rapid prototyping, training, and the testing of robotics products from incumbent robotics companies and emerging disrupters ..read more