Infosys seeks to tie up with AI and data analytics companies

first_imghttps://data1.ibtimes.co.in/en/full/637299/how-artificial-intelligence-transforming-stock-market.jpgHow artificial intelligence is transforming the stock marketIBTimes UK Indian information technology (IT) giant Infosys is seeking ways to tie up with International Business Machines Corp (IBM) and other firms that offers data analytics or artificial intelligence (AI) platforms to get more business from its existing customers.The company wants to advance the business model that allows it to sell a cognitive platform that will then let its key clients run their businesses more efficiently. That is why Infosys wants to sell solutions like IBM Watson along with service offering, Mint reported.Infosys may now be seeking to tie up with companies that provide AI platforms, but it has already launched its new AI platform called Nia. The platform, launched earlier this year, is capable of helping businesses forecast revenues, understand customer behaviour and also helps companies to scrutinise content of contacts and deal with issues of compliance and fraud.This new AI platform of Infosys is a revised version of Mana, the first AI platform it had introduced last year.Reports last week also suggested that Infosys co-founder Senapathy Gopalakrishnan has picked up stake in Crayon Data — a predictive analytics company in Singapore and Chennai.”I see that the future of business will be the ability to leverage AI and big data to create ‘personal’ digital experiences for millions of customers. Crayon has a unique ability to bridge multiple worlds – analytics to digital, offline to online, internal, and external data,” Gopalakrishnan said in a press conference last week.Future of big data analyticsBig data analytics is the process of taking large quantities of data and using distributed computing platforms to combine and convert it into meaningful results. Analytics companies then use the final data to determine consumer behaviour and offer calculative and predictive results to clients. “Employees are coming to do such courses from a career point of view. There is definitely a transition in terms of the projects IT companies are getting such as cloud movement of IT infrastructure, doing more work on cyber security. This translates into a greater demand for data analytics courses,” said Kashyap Dalal, Chief Business Officer at Simplilearn.Earlier this year, government-owned Oil and Natural Gas Corporation (ONGC) said it would engage data scientists from Indian Institute of Technology (IITs) and IT firms for large data analysis to raise the company’s output and reduce cost. https://data1.ibtimes.co.in/en/full/637613/how-data-science-helped-identify-londons-most-polluted-parks.jpgHow data science helped to identify Londons most polluted parksIBTimes UK Advancement of AI needs to be controlled for humans to thrive, according to renowned physicist Stephen Hawking.Creative Commons RelatedMore bleak days likely as major IT firms trim workforce by over 4,000Goldman Sachs now hiring engineers to transform service strategyWipro will push McLaren’s sports car business through artificial intelligenceGear change: Face IT industry headwinds with the right skillsets However, this digital process has still not reached the masses. IT companies are still figuring out the possibilities they can explore with big data analytics.But, according to a Business Standard report, data analytics is gaining mass recognition in India and is set to become the next big career dream.Thousands of IT and non-IT professionals are signing up for data science courses. Other courses on demand include cloud computing, machine learning and digital marketing.last_img read more

ICICI Bank to finally boot out Chanda Kochhar Sandeep Bakhshi to be

first_img Close Chanda Kochhar, Managing Director and Chief Executive Officer of ICICI BankReutersAs the Videocon dirty loan investigation moves into another gear, the ICICI Bank board of directors has finally decided to remove tainted CEO and Managing Director Chanda Kochhar. The latest reports suggest Sandeep Bakhshi, the head of the bank’s insurance division, will become the next CEO.The two momentous decisions that will change the course for India’s second largest lender under allegations of partisan loan sanctions, are likely to be announced today after a crucial board meeting, the Economic Times reported.Kochhar, who has been in sharp focus over the loans ICICI sanctioned to the Videocon Group, is currently on leave but has more than year in her as CEO under the contract.The ET report said the bank has informed the Insurance Regulatory and Development Authority (IRDA) that Bakhshi may be moved to a different role at India’s largest private bank by assets. IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:01/0:49Loaded: 0%0:01Progress: 0%Stream TypeLIVE-0:48?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … The board meeting on Monday will also finalise the terms of the appointment of Justice BN Srikrishna as the committee to investigate the allegations of conflict of interest by Kochhar.Kochhar has battled unsavoury attention ever since a whistleblower complaint linked her to irregularities in the sanctioning of a multi-crore loan to the Videocon group. The whistleblower alleged that ICICI Bank gave a Rs 3,250 crore loan to the Videocon Industries in 2012 under Kochhar’s watch.Independent probeThe complaint said that a few months before that loan was sanctioned, Videocon chairman Venugopal Dhoot had lent a whopping Rs 66 core to Deepak Kochhar, the CEO’s husband.Though the bank defender Kochhar, it yielded to investor and regulatory pressures and announced an independent probe into charges against Kochhar earlier this month and asked her to go on indefinite leave.Apart from the whistleblower complaint, investor Arvind Gupta had also alleged in 2016 that the loans to Videocon were a clear case of conflict of interest. He had said that the funding of a company called NuPower jointly by Dhoot and Deepak Kochhar pointed to the possibility of there being a quid pro quo behind the sanction of loans. In March this year, the CBI launched a probe into the connection between Videocon group and Kochhar’s husband. The bank had said last week chief executive Kochhar had received a notice from markets regulator Securities and Exchange Board of India seeking responses over alleged non-compliance. BIGGEST BANK FRAUDS IN 2018last_img read more

Rick Perry Sworn In As Energy Secretary

first_imgAndrew Harnik/APEnergy Secretary Rick Perry was sworn in Thursday, apparently having come to terms with heading the agency he once wanted to abolish.Former Texas Gov. Rick Perry is now the 14th U.S. Secretary of Energy, despite having once pledged to eliminate the Department of Energy.Or at least, he tried to pledge to eliminate the department — including once when he couldn’t think of its name.Perry was confirmed Thursday by the Senate in a 62-37 vote.During his confirmation hearing, Perry said, “My past statements made over five years ago about abolishing the Department of Energy do not reflect my current thinking.”That was not the only thing that Perry appeared to have changed his mind about. As NPR’s Jeff Brady has reported, “At various times, Perry has questioned the role of human activity in climate change. At one campaign event, he accused scientists of manipulating data to continue gaining funding on research.”During his confirmation hearing, though, he said he believed that both natural and man-made activity were contributing to climate change.That hasn’t reassured environmental group 350.org. Executive Director May Boeve said in a statement: “Trump just added one more unqualified fossil fuel shill and climate-denier to his cabinet. As governor, Perry doled out millions to oil corporations while silencing the science that tells us our future depends on keeping fossil fuels in the ground.”Other statements Thursday night were supportive though. The American Wind Energy Association praised Perry’s “leadership on wind energy infrastructure” as governor of Texas.There was plenty of “color,” according to the press pool at the swearing in ceremony. Vice President Pence noted that it was an important day for Texas, “the country,” being Texas Independence Day.Perry mentioned the new Interior Secretary Ryan Zinke’s arrival at work Thursday on horseback, and joked that Perry would be commuting Friday on a “single-stage rocket… what could go wrong.” Perhaps doubting that the press pool would have a sense of humor, he added that he would, in fact, just “quietly drive over and go to work.”Copyright 2017 NPR. To see more, visit http://www.npr.org/. Sharelast_img read more

News of fatwa against Nusrat found to be fake

first_imgKolkata: The news of fatwa given by Darul Uloom to Nusrat Jahan for wearing bindi and marrying a non-Muslim, which is being circulated in national media for the past couple of days, has been found to be false.An investigation carried out by fact-checking website AltNews has proved that the news regarding Nusrat’s marriage is a fake one. Nusrat, the Trinamool MP from Basirhat who has recently married businessman Nikhil Jain, took her oath in Parliament in Bengali and touched the feet of the Speaker. Nusrat’s gesture was appreciated by social media and media alike. The controversy began after a national television channel telecast the statement of Asad Kashim of Darul Uloom, portraying him as an Ulema. He had allegedly criticised Nusrat’s gesture, her marrying a non-Muslim and wearing bindi. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataSome media channels subsequently began telecasting Asad’s statement as a fatwa. AltNews got hold of Asad, who told the reporter that the representatives of two national channels had asked him for his comment on the matter and he had expressed his views, which have nothing to do with a fatwa. He has also denied any connection with Darul Uloom. There is nothing on the fatwa in the official website of Darul Uloom either. When contacted by AltNews, a senior official of Darul categorically denied the issuance of any such fatwa against Nusrat.last_img read more