Shree Cement during the expansion of the business had few priorities – Production capacity, maximum hardware utilisation and reduction in the costs of a database software license. It switched to new hardware and shifted the workload to IBM POWER9 and introduced IoT integrated apps for supply chain management along with ERP solutions. For predictive analysis of plant maintenance system and visual analytics-based app, it will introduce AI and ML.
InCred Finance, a Mumbai based financial company has appointed Philipp Orgler, who holds 20 years of experience in financial analytics, for developing AI and ML tools. Orgler has headed the dept of structured products at Barclays Capital, ran structured notes business at Mizuho, worked with Deutsche Bank and done analytics work for Rokos. He is masters in Theoretical Physics from Karl-Franzens University and did research in Mathematical Physics at the University of Tokyo after graduation.
Golang, C# (C-Sharp), specialisation in Hadoop and ML jobs are the top-paying profiles earning Rs 24-35 lakh per annum, as per a Randstad study. These jobs saw an avg rise of 25-30% in salaries between 2019 and 2020. Bengaluru is the highest paying metropolis across the junior, mid and senior-levels with an avg salary of 16-20% higher than peers. IT and Internet and e-commerce top the list in terms of the industry pay package.
AI, Machine learning, 5G and IoT would be the most important technologies in 2021, according to a new study by the IEEE. Manufacturing, healthcare, financial services and education sectors would have the maximum impact of IT. The results are based on a survey of CIOs and CTO in the US, the UK, China, India and Brazil. Half of those surveyed see the biggest challenge as dealing with aspects of COVID-19 recovery in relation to business operations.
Global firms are using artificial intelligence as a tool to neutralise sophisticated cyber attacks to become more resilient, said Wipro in its 4th annual state of cyber security report. During the past four years, the report said, there has been an increase of 49% on cyber security related patents focussing on AI and machine learning. The report revealed that 86% of all nation-state attacks fall under “espionage” category, of which 46% are targeted towards private firms.
Researchers at the University of Illinois Urbana-Champaign have developed a new method that brings physics into the machine learning process to make better turbulence predictions. The new ML-based method will help engineers predict whether or not a design involving turbulent flow will work for their goals. They will be able to make a change, run it again to get a prediction of heat transfer or lift, and predict if their design is better or worse.
TensorFlow, Google’s ML Framework, has now become the most popular machine learning library in the world with 160+ mn downloads. It includes a powerful Python library, enabling users to build ML-based apps for mobile and handheld devices. It offers a large set of tools and best AI practices including the What-If Tool which tests how ML models work with the different people in different situations. TensorFlow also supports the latest research in Quantum computing.
EY India has acquired Artificial Intelligence based HR tech start-up Spotmentor Technologies. Nowadays top consulting and strategic firms, including the big four, are integrating AI and ML in its product offering—from consulting to auditing. Spotmentor, started by four IIT -Kharagpur alumni, is an end-to-end skilling platform to help firms identify skills required, upskilling and reskilling talent. EY, with the acquisition, hopes to strengthen its people advisory portfolio.
Indian social media platform ShareChat announced ShareChat Labs, a Centre of Excellence (CoE) in California’s Palo Alto, its first establishment outside India. The new centre is dedicated to technology backbone for company. With new CoE, ShareChat can ripe new-age solutions powered by ML to enhance use experience through advanced camera capabilities, deeper visual understanding and stronger content recommendations.