Archive: May 20, 2022

Tata Consultancy Services Drives Data Democratization with Qlik

Mumbai, India – May 20, 2022 – Qlik® announced that Tata Consultancy Services (TCS), a leading global IT services, consulting, and business solutions organization, has been recognized at Qlik’s Global Transformation Awards 2022. The award ceremony, held at the annual partner and customer QlikWorld event recognizes customers who are leveraging Active Intelligence™ through Qlik for transformation and impact.

TCS has partnered with Qlik to democratize data and optimize business processes in one of Qlik’s largest analytics transformation projects in Asia Pacific. Impacting 20,000 decision-makers across 70 departments globally, TCS set up a platform for data democratization while saving US$2 million per year in resource costs.

360-Degree View of the Customer

TCS enables the world’s largest businesses to transform digitally. With a growing global customer base that contributes US$25.7 billion in revenues annually, the company faced soaring data volumes and multiple data silos. To solve this challenge, TCS, in partnership with Qlik, built a holistic, self-service knowledge and insights discovery platform to offer employees self-service business intelligence with intuitive visual analytics via the cloud.

Using over 700 Qlik Sense dashboards, TCS has improved the availability of critical information for business functions, including Business Development and Sales, Project Delivery & Managed Services, Talent Management & Resources, Customer Service, Marketing and Finance & Finance Operations. The platform analyzes customer data, giving employees highly contextual information including customer advocacy and feedback via mobile devices in real-time. With this information, TCS can build a 360-degree view of the customer and their experience, make decisions rapidly anytime and anywhere, and offer personalized services for their customers.

Accelerating Business Agility and Efficiency

TCS also achieved 100% automation in data collection and report generation, saving thousands of hours each year and reducing data storage requirements by 90%. Qlik’s Insight Advisor, its artificial intelligence (AI) assistant for advanced analytics, helps TCS aggregate and visualize data and combine it with market insights. With this approach, TCS gains visibility into its operations, allowing the company to make informed recommendations, like tailoring targets for the sales team, to improve outcomes in each market.

Most recently, TCS also partnered with Qlik to enable tracking and proactive measures for its COVID vaccination efforts for more than 400,000 employees.

“The solution has elevated nearly every aspect of our business with end-to-end real-time data integration and analytics. With our Qlik partnership, we have benefitted from a highly automated and secure cloud analytics foundation, enabling us to make smart decisions that enhance our experience for our customers at US$2 million lower costs,” said Sandip Musne, Head-TCS Data Office Visual Analytics, Tata Consultancy Services.

“While Tata Consultancy Services is guiding their customers on their digital transformation journeys, in parallel they have also been on their own journey to becoming more data-driven,” said Poornima Ramaswamy, Executive Vice President, Global Partnerships and Chief of Staff to CEO at Qlik. “By embedding cloud analytics and insights capabilities throughout Tata Consultancy Services’ business, Qlik is supporting the company’s journey towards Active Intelligence by driving productivity, efficiency, and a better customer experience.”

ITHENA Joins Forces with Incorta to Bring Unparalleled Data Capabilities to India

New Delhi, India, May 2022: ITHENA, a global technology provider specialising in digital transformation services & solutions, today announced its partnership with Incorta – the Direct Data Platform – for Indian enterprises to unlock high-value data processing capabilities. The union will enable customers to import and analyse data with unparalleled speed and agility from every corner of their enterprise.

ITHENA’s Data Analytics and AI Practitioners make customers’ ERP systems scalable and faster by analysing live data and providing integrated reporting & analysis using a Data Lake approach. To keep up with the demand for rich insights, customers need a reporting system that is flexible, integrated, and customisable. ITHENA, together with Incorta’s Direct Data Platform, aims to bring an end-to-end self-service data experience to the Indian enterprises, empowering everyone in their organisation to make data-driven decisions with unmatched speed. By utilising the expertise of ITHENA’s AI framework and Incorta’s Direct Data Platform, companies can improve access, functionality, and performance, reduce cost, and increase scalability, transparency, and agility in their data initiatives.

“High-powered operational analytics is at the very core of digital transformation for the vast majority of organisations today,” said Steve Walden, EVP of Business Development & Strategy at Incorta. “ITHENA has the perfect combination of skills and expertise in Oracle & SAP ERP systems, big data & analytics, and AI & machine learning to help organisations make it possible with Incorta.”

“This partnership will strengthen the customer experience with unprecedented insight into their operations with AI-powered data analytics capabilities,” he added.

India is experiencing explosive growth in the data analytics industry due to the rise of internet users. As per World Bank report, Internet penetration doubled from 20% in 2018 to 41% in 2019 and is expected to add over 900 million users by 2025. This growth has pushed the data analytics industry with a significant increase in data collection for future potential use. The Indian data analytics industry already recorded a substantial 26.5% year-on-year growth in 2021, with the market value standing at US$ 45.4 billion. The partnership will focus on tapping into the market and channelising this growth for enterprises effectively and wisely.

Together with the Incorta Direct Data Platform, and the framework of ITHENA’s AI accelerator framework, it automatically produces models that can analyse bigger, more complex data and deliver faster, more accurate results– even on an enormous scale. This approach brings interconnectivity amongst disparate data sources, integrated automation, and real-time data exchange between machines, processes, and systems.

“ITHENA’s Data Analytics & AI expertise, and Incorta’s powerful platform capability, enable customers to provide easy access to complex and varied data sources with scale. ITHENA’s expertise on enterprise systems of records like Oracle and SAP, allows easy ingestion, integration, and analytical outcomes to customers using ERP cloud solutions to easily report, visualise and act on anomalies using the powerful Incorta platform.” said Probodh Chiplunkar, Partner at ITHENA. 

“Furthermore, ITHENA’s AI algorithms library & framework accelerator enables customers to utilise the power of Incorta’s platform – to run & utilise ML outcomes in day to day reporting – making data science an integrated experience, rather than a disparate, sophisticated function.” he added.

Easebuzz wins the Product Innovation Award at Technoviti Awards 2022 for InstaCollect

National, May 19th, 2022: Easebuzz, India’s leading digital collection platform, bags the Product Innovation Award at Technoviti Awards 2022 for its flagship product, InstaCollect. Offering best-in-class fintech solution, InstaCollect enables merchants to accept prompt payments from customers and authorized accounts into the virtual merchant account via IMPS, NEFT, RTGS, or UPI. It also equips merchants to instantly transfer the amount received to their bank accounts.

The Technoviti & Finnoviti Awards and Conclave 2022 honors banks, NBFCs, FinTechs, and insurance firms by recognizing innovation in the BFSI sector. The selection criteria for new-age innovative solutions include parameters like the scope of impact, the market potential of its services, innovation, security, and ecosystem enhancement. During the event, best innovative products were awarded after a thorough screening of applications by a jury comprising of leading CIOs, CTOs & CISOs in the BFSI world.

Easebuzz won the award under the ‘Innovate to Accelerate’ theme that covers trending subjects such as digital innovation and acceleration, ecosystem building, investments, and trending technologies.

An eclectic mix of knowledge sessions on technology, finance, banking, and fintech innovations, the two-day conference started with a virtual session followed by a physical session on the last day.

Easebuzz’s Instacollect caters to digital lending, NBFCs, utility, e-ticketing, and franchise-based retail businesses. It offers users free virtual accounts, instant settlements and refunds, and auto reconciliation with easy bookkeeping, among other value-added services. The platform also allows users to create unlimited virtual accounts free of cost for better reconciliation of each payment.

Commenting on the win, Rohit Prasad, Managing Director  & Chief Executive Officer at Easebuzz, said, “We are delighted to receive the prestigious award that recognizes our efforts to build innovative high-tech products. Around 40% of franchise businesses rely on manual reconciliation of payments and face challenges in tracking incoming payments. With InstaCollect, we aimed to solve this core problem by facilitating merchants with a reliable, secure, and efficient payment accepting and tracking solution. It was a proud moment for Easebuzz to win the Product Innovation Award at Technoviti Awards 2022 for InstaCollect.”

“InstaCollect is PCI DSS level 1 compliant with data security standards that help prevent fraud. It establishes an authentication pipeline between online merchants, payment networks, and financial institutions. As a result, all parties can more easily share and analyze information about the authenticity of a purchase.” he added.

Easebuzz is a B2B fintech platform that integrates technology and financial services to create an easy and affordable financial service layer for entrepreneurs and SMEs. The company focuses on building an API-based ecosystem with financial service aggregation and has developed InstaCollect, a first-of-its-kind payment acceptance financial service.

CNBC-TV18 to bring LIVE and exclusive coverage of the World Economic Forum’s Annual Meeting in Davos

Mumbai, 20th May 2022: CNBC-TV18, the leader in English Business News, will head to the World Economic Forum’s Annual Meeting in Davos-Klosters, Switzerland from May 22-26, happening after a gap of two years. This Annual Meeting is known as the world’s biggest economic event, and will focus on the theme “Working Together, Restoring Trust”. The event will see nearly 2500 of the foremost global minds congregate to address the economic, environmental, political, and social repercussions of the COVID-19 pandemic and address current challenges during the time of heightened polarization. The convention will also feature Shereen Bhan, Managing Editor, CNBC-TV18 as the moderator on some of the key plenary sessions.

This time around, as the world recovers from the aftermath of the pandemic, the forum will host important discussions around varied topics such as pandemic recovery, tackling climate change, building a better future for work, accelerating stakeholder capitalism, and harnessing technologies of the Fourth Industrial Revolution. This will see more than 50 heads of state and government, who will be among the 300 government representatives sharing their vision for the world. Over 1,250 leaders from the private sector will be participating as well, along with nearly 100 Global Innovators and Technology Pioneers from the world’s most promising tech and business start-ups and scale-ups.

CNBC-TV18 will cover all of this and more through its range of power-packed programming under its flagship property “DAVOS 2022” through the event week – via dedicated shows, panel discussions and poignant segments straight from DAVOS. Some of the global and Indian leaders who will interact with CNBC-TV18 during the event include Borge Brende, President, WEF; Manny Maceda, CEO, Bain & Company; Nikesh Arora, CEO, Palo Alto Networks; Gita Gopinath, Chief Economist, IMF; Brian Moynihan, CEO, Bank of America; Punit Renjen, Global CEO, Deloitte; Jesper Brodin, CEO, IKEA; Claudio Facchin, President and CEO, Hitachi Energy; amongst others.

Sharing her thoughts, Shereen Bhan, Managing Editor, CNBC-TV18 said, “For almost two decades, CNBC-TV18 has been at the forefront of capturing major global socio-economic transitions, through conversations with the world’s most influential leaders at the World Economic Forum’s annual meet in DAVOS. The World Economic Forum’s annual meet will take place in the backdrop of rising global challenges. From geopolitical risks, rising inflation & interest rates, ballooning debt and a fragile recovery, world leaders will have a lot to deliberate on. As always, I look forward to interacting with a diverse set of leaders to help make sense of the turbulent times we live in.”

For this special programming, the channel has partnered with esteemed brands along with State Governments & Government bodies. These being – Bank of Baroda – ‘Presenting Sponsor’; Government of Telangana – ‘State Partner’, and Maharashtra Industrial Development Corporation – ‘Special Partner’. Apart from these, we also have on-board Globe Capital, General Air Conditioners, Switzerland Tourism and Innoviti as ‘Associate Sponsors’.

How will the World Economic Forum’s annual meet create a spark and ignite a new global revolution? Tune into CNBC-TV18, 22^nd May onwards, for a ringside view of all the action happening in Davos.

Connect and Heal to Host an HR Roundtable on International HR Day

Bengaluru, 19^th May 2022: Connect and Heal, a leading health-tech company providing end-to-end coordinated care, is organizing an online panel discussion on the occasion of International HR Day. Leading HR professionals will converse on the role technology plays in employee health and wellness in a post-pandemic world. It aims to explore the various avenues to positively impact overall employee wellness from an HR Leaders’ perspective.

The roundtable will have Renu Rohtagi (Director, HR & Communication, Air Liquide India), Nagendra Kumar Singh (Senior Manager HR, IFTAS), Rachana Mungi (Consultant – Employee Benefits & Wellness, Dell) and Rex Telester (Lead – Employee Benefits & Wellness, Nomura) as panellists. Bulbul Ray Nathan, Chief People Officer, Connect and Heal will be the moderator for the session.

The panellists will look at addressing four stages in an individual’s healthcare journey: Preventive – to identify symptoms or diseases, share the info with the patient and clinician, and determine the course of care; Curative/Recovery – using healthcare technology to manage and cure the problem; Emergency care – hospitalization support, surgical interventions and provisioning for any other medical emergencies; and post-care – to ensure optimal outcomes, delight and productivity for the employees and the organizations. The virtual discussion is scheduled for 20^th May, 2022 from 5 pm – 05:45 pm IST. The Zoom link is as follows: https://us06web.zoom.us/i/83026560291

Speaking about this, Elwinder Singh, Co-founder, Connect and Heal, said, “Today, there is an unprecedented emphasis on employee health and wellness. At Connect and Heal, we have witnessed an increased interest among enterprises to protect their talent from health risks and this is where technology is getting to play a bigger role. The roundtable will be a great opportunity for HR leaders to discuss their views on tech integration in their initiatives. It will also help the larger HR community develop an understanding of the emerging challenges and tech solutions in healthcare.”

Founded by Sanjay Vinayak, Galveen Kaur, and Elwinder Singh in 2016, Connect and Heal, has been at the forefront of improving employee healthcare for several organizations. With the corporate world resuming on-premises operations, HR managers globally are trying to find innovative solutions to be easily implemented and managed for better employee physical and mental wellness. In this light, technology will be pivotal to the holistic management of different stages of an employee’s healthcare journey successfully.

5ire Wins Best Blockchain Start-up of the Year Award at The Future Innovation Summit 2022

New Delhi, India, May 20, 2022 – 5ire, the 5th generation blockchain network founded by two entrepreneurs of Indian origin, Pratik Gauri and Prateek Dwivedi, along with crypto financier Vilma Mattila, announced today that it has the Best Blockchain Startup of the Year Award at the Future Innovation Summit 2022.

Focused on innovations in the fields of space, sustainability and metaverse development, The Future Innovation Summit 2022 devoted its sustainable development portion to innovations in the areas of:

• The Importance of Shifting to a Circular Economy Paradigm and Future Outlook
• Future of Sustainable Education
• Start-ups & VC ecosystem in UAE: How to grow Unicorns
• AI for sustainability / The Use of AI In the Fight Against Climate Change
• Sustainable Solutions in Cargo Industry
• Investments in Green Energy
• Is Carbon Credit our Future

5ire’s CEO and Co-founder Pratik Gauri, who was presented the award by HH Sheikh Saqer Bin Mohamed Al Qasimi, and the founder of the Future Innovation Summit and the Chairman of the Board of the Private Office of Sheikh Saqer Bin Mohamed Al Qasimi, HE Adnan Al Noorani, said on this occasion, “This validates our vision and what we’ve been working towards for the past year. The inclusion of the above areas is proof that our use cases are pinpointed exactly at the core of central issues in sustainable development. We have been eagerly working on and promoting the ideas surrounding Circular Economies, Sustainable Education, and attempting to raise funds and create a VC ecosystem with 5ire Capital. This is such an honour to be recognized in a public forum for launching the world’s first layer 1 sustainable blockchain and bringing the issue of the 17 UN SDGs to fore.”

CarDekho strengthens Corporate Governance, appoints Parthasarathy V S as an Independent Director

New Delhi, May 19, 2022: CarDekho Group, India’s leading auto-tech company has appointed Mr. Parthasarathy Vankipuram Srinivas as an Independent Director. The appointment is in line with the company’s objective of strengthening its board and overall Corporate Governance within the CarDekho Group. The company is gearing up for its IPO (Initial Public Offering) in the next 12-14 months.

Partha (as Mr. Parthasarathy is fondly called) currently serves as the non-executive non-independent Vice-Chairman of Allcargo Logistics Limited, an Independent Director of recently listed Life Insurance Corporation (LIC), Imperial Auto Industries Limited, IAI Industries Limited, Greencell Mobility Private Limited, and serves as Director of Rudi Multi Trading Company Limited, Kids Clinic India Limited (Cloudnine) and ECU Worldwide. He’s a passionate social worker through his contribution to SEWA and Catalyst. He is also the Chairman Nominee on the Board of Governance at the National Institute of Industrial Engineering (NITIE).

With 36+ years of experience in various globally reputed organizations across a wide range of sectors, Mr. Parthasarathy has built several high performing teams and businesses. Partha is a seasoned business leader and has worked with the Mahindra Group in leadership position for more than two decades and with Xerox for 14 years. He’s a Chartered Accountant from ICAI and ICAEW, UK, and an alumnus of Harvard Business School’s Advanced Management Program (2011).

Mr. Parthasarathy has received Lifetime Achievement Awards for his leadership roles like Business World – Yes Bank Hall of Fame Award, Best CFO of India Award by IMA Corporate Excellence Awards, Digital Icon of India Award by Hewlett Packard Enterprise Company, and CIO 100 – Hall of Fame, amongst others.

He has, in the past, held several industry forum positions as a Chairman of Sustainable Council of Federation of Indian Chambers of Commerce and Industry (FICCI) – 2021, President – Bombay Chamber of Commerce & Industry (2019-2020), Chairman of Association of Finance Profession of India (AFPI) (2015-2020), besides working closely with Ministry of Finance through CFO Board, and on global advisory boards for CISCO/ SAP. He continues to leverage his knowledge and experience for collaborative initiatives across different levels.

Amit Jain, Co-founder & CEO, CarDekho Group, said, ‘We are delighted to have Partha join our board. His diversified rich experience will help us further strengthen corporate governance as we prepare for our IPO and the next phase of growth.’

Mr Parthasarathy V S said, ‘CarDekho’s enduring vision, unparalleled track record and leadership position across various technology driven auto solutions have given it a great position in the market across India and abroad. I look forward to contribute in building on this success further.’

Driven by robust performance across all its business verticals, the group achieved ~INR 2400 crs ARR (Annual Revenue Runrate) in Mar’22, another key milestone towards fulfilling its vision of making car buying, selling and owning delightful for users.

RBL Bank collaborates with Amazon Pay to offer UPI Payment Services

Mumbai, May 20, 2022: RBL Bank, Amazon Pay and Amazon Web Services (AWS) have announced a collaboration to offer UPI payments. The Bank has partnered with Amazon Pay to offer peer-to-peer and peer-to-merchant transactions. With this integration Amazon Pay will issue NPCI’s allocated UPI ID with the handle @rapl, to RBL Bank.

RBL Bank’s advanced cloud-based processing will offers an agile infrastructure resulting in an improved payments experience. The partnership will allow the Bank to tap Amazon Pay’s growing customer base and transaction volumes. This move will expand the Bank’s presence in Unified Payments Interface (UPI) segment with its payment processing platform hosted on AWS.

RBL Bank’s ability to process on a cloud hosted platform, will provide greater agility and scale in processing UPI which has witnessed exponential growth in last three years to become the preferred mode of payment for individuals.

Rajeev Ahuja, MD and CEO (Interim), RBL Bank said, “As we progress in our digital journey, innovations in payments that enhance our customers’ banking experiences, remains one of our core focus areas.  In line with these efforts, we are delighted to partner with Amazon Pay and AWS. This collaboration will equip users to make seamless and convenient UPI-based transactions.”

Mahendra Nerurkar, – CEO and Vice President, Amazon Pay India said, “It is our endeavor to make digital payments trusted, convenient, and rewarding for customers across India. Customers are constantly looking for payment platforms that add value and provide a holistic digital payments experience. This partnership with RBL Bank will allow users to pay anyone, anywhere, seamlessly, and instantly through UPI, enhancing their payment experience. This comes as another step towards our endeavour of simplifying lives and driving adoption of digital payments in India. With a cloud native architecture, we hope to keep raising the bar on availability, speed and customer experience using UPI through the Amazon app.”

Puneet Chandok, President of Commercial Business at AWS India and South Asia, said, “We are pleased to collaborate with RBL Bank to host their UPI workloads on AWS. This joint effort provides greater agility and scale for RBL Bank, enabling its customers to transact through secure and reliable payment methods, which further enhances their experience.”

Indian Wisdom and Italian Heart: Joint Venture between Okinawa & Tacita for Global Futuristic Electric Two-Wheeler & Power Train Manufacturing

Mumbai, May 2022: A historic agreement was signed on 18 May 2022 between two companies specializing in the production of electric vehicles: OKINAWA Autotech, a leading Indian electric two-wheeler manufacturing company and TACITA, an Italian manufacturer of electric and performance motorcycles. The new company, born from the joint venture, will be based in India and will begin production in India from 2023.

The main purpose of the new Joint Venture is to pursue, for both companies, the goal of lowering the use of fossil fuels, as well as establishing themselves in the future as a top player in the world of electric two-wheelers. Specifically, Okinawa will provide the local development of the future product & its production line as the result of years of manufacturing & selling of electric 2 wheelers. Tacita will provide the powertrain – controller, motor, battery packs and BMS, the result of over 10 years of research & development and testing in extreme conditions which makes them excel in making state-of-the-art high-performance products.

This Joint venture will consist of two product lines: SCOOTERS and MOTORCYCLES. Both lines are meant for the domestic & international markets. The year 2023 range will include a scooter & a high-end performance motorcycle. The entire range will be equipped with the best connectivity systems on the market having Okinawa technology.

The next steps of the newborn company will be during 2022 going up to the first half of 2023 for the design, development, patenting and finally the tests on the road. The design will be developed in Italy at the TACITA headquarters with Okinawa professional technicians & Italian team for the development of the powertrain, battery packs and BMS. Road tests will be carried out both in India & Italy in all weather conditions: to the frost of the Winter Alps to the humidity of the Indian monsoons. Part of the tests should include an inaugural voyage from Okinawa headquarters in India to the Tacita headquarters in Italy. The goal for both companies is and has always been to offer extremely reliable, pleasant and usable products for maximum customer satisfaction.

Addressing his vision for the JV, Jeetender Sharma, MD & Founder, Okinawa Autotech, commented, “Tacita’s mission is aligned with ours towards creating a sustainable future. We envisage the collaboration to create a synergy effect that will accelerate our commitment to electric mobility. There is a steady and conscious shift in consumer preferences and we have witnessed a growing demand for premium and performance electric motorcycles in India. Tacita will help us in creating a marketplace that matches the demand for futuristic technology and products. Their advanced & futuristic technology will also further broaden and strengthen our existing product range.”

Tacita has offerings for recreational, competitive off-roads, and electric superbikes with a holistic no-emission engine. Tacita designs and manufactures its own Power Train, controller, motor, and battery pack with BMS, leading to the consequent manufacture of true machine or real off-road. Leveraging Tacita’s capabilities, the bikes would go into production early next year at the second facility of Okinawa in Rajasthan.

Speaking on the partnership, PierpaoloRigo, Managing Director, Tacita, mentioned, “We are delighted to partner with a leading e-scooter manufacturer in India. The leadership team of Okinawa Autotech has a rich on-ground experience and knowledge about the market, competition, and customer behaviour. We are happy to provide our expertise in the premium EV bike segment to launch a top-end line of bikes. Our team along with Okinawa Engineers is dedicated to R&D to introduce unique product propositions that define the future.”

Carbon emissions are leading to global warming at an alarming pace. India emitted 2.88 Gt CO2 in 2021. As per the data by the Centre for Science and Environment, the level is pegged to touch 4.48 Gt by 2030 and India plans to cut it by 1 Gt for the same period. This indicates a pressing need for transitioning to renewable energy. Electric mobility can aid in taking a step towards reducing carbon footprint to create a clean and green economy.