Weekly Rewind: Top 10 Stories On CXO Today (Sep 4-9)
From how Artificial intelligence is changing the future of farming to how Indian Police force is revamping its investigation procedures by using big data and artificial intelligence, as well as the various ways cloud computing is radically changing the face of the automobile industry, this week saw some interesting updates for enterprise decision makers.
Topics such as Artificial Intelligence, Internet of Things, Big data, cyber security and Digital Transformation, continue to be the flavor of the week, as we have for you a host of articles on how these technologies are having a long term effect on various aspects of business.
We also bring to you our daily dose of news and analyses, interviews, case studies, infographics and expert columns like every week. So, if you have missed out any of our updates, do not worry. You would find everything that you wanted to read on CXOtoday Weekly Top 10.
Read on to know more…
Police departments have long been using data to understand crime pattern. But With access to more personal data than ever before, police is using big data analytics to solve crimes more quickly. Take for example, the Indian Police force that is revamping its investigation procedures by using big data and artificial intelligence. Delhi police have recently partnered with the ISRO to develop an analytical system—Crime Mapping, Analytics and Predictive System (CMAPS).
Online travel firm MakeMyTrip announced the resignation of president Ashish Kashyap with effect from September 30, 2017. MakeMyTrip acquired Ibibo Group’s travel business in India in October 2016. According to experts, the acquisition created India’s largest online travel firm. However, the company reportedly started running at losses owing to its doling out heavy discounts to customers.
The farming industry is on the cusp of a so-called ‘technological revolution’. With drones, robots and intelligent monitoring systems now successfully being used in research and field trials, artificial intelligence, or machine learning, Vivek Rajkumar, the CEO-founder of Aibono, an agritech startup explains is set to revolutionize the future of farming as the next phase of Industrial Revolution in agriculture is on the horizon.
Cloud computing is radically changing the face of the automobile industry. The change is not cosmetic but radical in all aspects and could be truly transformational as it will power and define business processes and supply chains. These are companies genuinely trying to change everything: from the way their structure is managed to the products they sell. Take for example, Volkswagen is in fact one of the many automotive companies that are leveraging transformational technologies for a digital future.
Almost one-third of ‘low-skilled’ jobs, about 7 lakh, will be lost on account of automation in Indian IT by 2022 says US-based research firm HfS Research. However, the report also predicts the number of ‘medium-skilled’ and ‘high-skilled’ jobs to go up by 1 lakh and 1.9 lakh, respectively. Worldwide, HfS Research said that by 2022, the IT industry would see a net decrease of 7.5% in headcount with countries like the US, UK and India taking a hit.
India is constantly showing its prowess in entrepreneurship with the passage of time. So long, finance has been one area for enterprises which at times proved to be the bottleneck. However, digital lending company Capital Float claims to remove this snag making it easier for business to accrue finance easily than ever before. In an exclusive interview with CXOToday, Rohan Angrish, CTO, Capital Float explains how the company is bridging the credit gap in the market. With the intelligent use of technology, and is looking toward enhancing the borrower experience while retaining unit economics and widening its reach.
Thanks to the unprecedented sales of smartphones, and a remarkable improvement in internet speeds, the use of Mobile Apps has become almost pandemic. From banking to travel apps and from gaming to those that ease our lives from day to day, mobile apps have something in store for almost every line of business. Hence, no business should miss out on the opportunity to maximize its sales and revenues using the rather simple yet rewarding marketing tool that the modern-day mobile apps have grown to become.
Hewlett Packard Enterprise [HPE] closed the $8.8bn deal to spin off its software business with Micro Focus. The deal, first announced in September 2016, saw HPE selling off its IT management, big data, and security lines to Micro Focus, which will try to make the products more successful than they were under the former HP Inc. The challenge now for HPE will be to quickly build new software for mixed data center environments.
Although computer science subject matter can serve as a main driver of STEM curriculum, the overarching challenge is that we do not implement computer science early enough in a student’s life. Ultimately, pre-high school experiences for students are crucial to the development of critical skills that will better position students for the job market. The exposure to computer science as early as possible shapes your thinking about the world.
A few years ago, there was widespread panic that digital reading would take over the traditional book market. While that prediction was not so true, as paper books exist alongside e-books, the global e-book market is set to reach USD 29.43 billion by 2024, primarily driven by the advancement in technology, rising population of educated youth, increasing smartphone penetration across the globe, government policies promoting smart education, free accessibility and e-book reader applications.
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