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What is Quantum Computing and how it will work

10Jul By PriyankaNo Comments

Tech

What is Quantum Computing and how it will work

Quantum computing is a field of computing that utilizes the principles of quantum mechanics to process and manipulate information. Traditional computers, known as classical computers, use bits to represent and process information, where each bit can be either a 0 or a 1. In contrast, quantum computers use quantum bits, or qubits, which can represent and process information as both 0 and 1 simultaneously, thanks to a property known as superposition. The power of quantum computing lies in its ability to leverage this superposition and another quantum property called entanglement. Entanglement allows qubits to be interconnected in such a way that the state of one qubit can instantaneously affect the state of another, regardless of the physical distance between them. This property enables ...

25Aug By PriyankaNo Comments

INDIA

India needs 2 Million Cloud Engineers by 2025

India has the potential to become the world's second-largest cloud talent hub with the combined effort of government bodies, education and skilling organizations, and technology providers, IT industry body Nasscom said on Monday. Nasscom, in association with Draup, said in a report that India currently ranks third globally with an installed talent pool of 608,000 (FY2021) cloud professionals. "By 2025, India would have an estimated 1.4-1.5 million cloud professionals (baseline growth). However, with an estimated demand for over 2 million professionals by 2025, India could reach 1.7-1.8 million cloud talent pool with a fairly aggressive skilling roadmap," the report titled 'Cloud Skills: Powering India's Digital DNA' said. Tata Consultancy Services (TCS) and Accenture were strateg...

15Feb By PriyankaNo Comments

BUSINESS

How Businesses Can Help Their Customers Find The Information They Need

In today’s highly competitive world, businesses must provide customers with the information they need to make purchase decisions in their favor. If they don’t, customers will get that information from their competitors and end up buying from them. This translates to loss of business opportunity and, by extension, loss of revenue. Customers need to be educated about their needs and the solutions available in a timely and accurate manner so they can feel empowered enough to make a purchase decision. There are several strategies that businesses can do to help their customers find the information they need. These include the following, Publishing Information On Websites With advancements in technology, developing and updating business websites has become extremely easy. Bus...

21Oct By AdityaNo Comments

Market

Datto Raises $594 Million in its IPO

NORWALK, Conn., 21st Oct 2020-- Datto Holding Corp (NYSE: MSP) the leading global provider of cloud-based software and technology solutions purpose-built for delivery by managed service providers announced the pricing of its initial public offering of 22 million shares of its common stock at a price to the public of $27 per share. The underwriters have the option to purchase up to an additional 33 million shares of common stock from Datto at the initial public offering price, less underwriting discounts and commissions. The shares start trading today on NYSE under the ticker symbol “MSP” raised $594 million in an initial public offering. The offering is expected to close on October 23, 2020, subject to customary closing conditions. Datto will receive net proceeds of approximatel...

Plenty Secures $140 Million from Softbank Vision Fund

15Oct By AdityaNo Comments

FUNDING

Plenty Secures $140 Million from Softbank Vision Fund

SOUTH SAN FRANCISCO, Calif., 15th Oct 2020-- Plenty Unlimited Inc. has secured a $140 million USD Series D round, led by existing investor Softbank Vision Fund 1 and including new investor Driscoll’s, the world’s leader in fresh berries. The investment will be used to fuel Plenty’s growth, including the execution of recently announced commercial collaborations with Albertsons and Driscoll’s, and the development of its new farm in Compton, California. To date, Plenty has raised over $500 million, making it the leader in sustainable, indoor vertical farming. “In just 30 years time, the world will need 70% more food than we currently produce, requiring more efficient use of land and water,” said Jeff Housenbold, Managing Partner at Softbank Investment Advisers. “Without innovation in ...

Siemens will cut off 10,000 Jobs amid Slowdown

8May By AdityaNo Comments

News

Siemens will cut off 10,000 Jobs amid Slowdown

German industrial equipment and technology supplier Siemens AG says net profit fell 5 per cent in the first three months of the year as the company heads into a major restructuring involving the spinoff of its oil, gas and power generation business. The company said Wednesday that net profit was 1.92 billion euros (USD 2.15 billion), down from 2.02 billion a year earlier, when earnings were boosted by 900 million euros by a share transfer. Revenue rose 4 per cent to 20.93 billion euros. The news comes after Siemens said late Tuesday it would spin off its division that makes power turbines while cutting costs at its remaining businesses. The company said it would drop 10,400 jobs but expected to create 20,500 more through growth through 2023, leading to a ...

NVIDIA beats Intel and Microsoft, acquire Mellanox for $6.9 Billion

12Mar By AdityaNo Comments

ACQUISITION

NVIDIA beats Intel and Microsoft, acquire Mellanox for $6.9 Billion

Tech-based company NVIDIA will acquire Mellanox for approx $6.9 billion beating other tech giants like Microsoft and Intel in the acquisition race. As per the report, NVIDIA will acquire all of the issued and outstanding common shares of Mellanox for $125 per share in cash. The deal will complete in the end of 2019. In the media report, Microsoft was interested in the acquisition of Mellanox. Then Intel came into the picture, looking to buy it for around $6 billion but in the end, NVIDIA emerged on the last day offer higher bid a $7 billion+ all-cash and seal the deal. The acquisition will unite two of the world’s leading companies in high performance computing (HPC). Together, NVIDIA’s computing platform and Mellanox’s interconnects power over 250 of the world’s TOP500 supercom...

How Agriculture is changing in India Using Technology

1Feb By PriyankaNo Comments

Story

How Agriculture is changing in India Using Technology

I worked as a media person and a writer who would share her opinions about various issues and trends concerning the urban population of the nation. While I was exploring options for a job change I came across an interesting and challenging opportunity of understanding the needs of a completely different target group i.e. the farmers! Without having any agriculture background, I joined Gramophone, an AgTechstartup that aims to solve real problems faced by farmers in India. My team at Gramophone provides assistance to more than 150,000 farmers for growing their crops in a better way. It felt counter-intuitive that a farmer who is doing agriculture for years would need external help in growing the crops. I mean, he does this every year. I was curious to understand why are so many farmers ...

30Jan By AdityaNo Comments

FUNDING

Essentium Raises $22.2 Million Series A Funding

Texas-based Essentium, a leading 3D printing solutions for industrial additive manufacturing raises $22.2 million in Series A funding led by BASF Venture Capital with participation from Materialise, Genesis Park, and previous seed round investors. BASF Venture Capital Investment Manager, Sven Thate, will join the Essentium board. The funding round will be used to scale manufacturing, engineering, international distribution, sales and marketing operations to meet market demand for the recently introduced Essentium High Speed Extrusion (HSE) Platform. The fact that the Essentium Series A round of financing is one of the highest in the history of additive manufacturing illustrates the role the company will play in transitioning the category from hype to implementation. The multi...

SAP to Set up Another R&D Campus in Bengaluru

1Dec By Gauri SinghNo Comments

INDIA

SAP to Set up Another R&D Campus in Bengaluru

Software and technology firm SAP is reportedly establishing a large new campus in Bengaluru near the international airport. This will significantly increase its R&D (research & development) presence in the city. The company’s executive board member Bernd Leukert, who is in charge of products & innovation, and who was in Bengaluru on Friday to mark the company’s 20th anniversary in India, said it would be a 40-acre campus, double the size of the existing one in Whitefield. “It’s a testimonial to the great talent and abilities here, and the extent to which people here have contributed to the overall success of SAP,” Leukert said. SAP has 11,000 employees in India, of which 7,500 are in core R&D, making it the German enterprise software company’s second largest R&D c...

Logitech Eyeing to Take Over US based Tech Firm Plantronics

24Nov By Gauri SinghNo Comments

ACQUISITION

Logitech Eyeing to Take Over US based Tech Firm Plantronics

The popular Swiss manufacturer of keyboards and webcams, Logitech is reportedly in talks to acquire and take over a U.S. maker of Bluetooth earpieces and gaming headsets known as Plantronics. If the deal goes through, it would be Logitech's largest acquisition and would illustrate the company's push to diversify its business. It would come as Logitech and Plantronics seek to keep down manufacturing costs following the introduction of tariffs on imports from China into the United States. For this purpose, the company has offered more than $2.2 billion to acquire Plantronics as stated by a source. Plantronics had a market capitalization of about $2 billion. If the acquisition is confirmed, a deal between Logitech and Plantronics could come as early as next week, cautioning that it w...

Pharma Major Lupin Launches its First Chatbot named ANYA

24Nov By Gauri SinghNo Comments

Tech

Pharma Major Lupin Launches its First Chatbot named ANYA

A medtech firm Lupin has reportedly roled out a chatbot named ‘ANYA’ which has been basically designed to provide medically verified information for health-related queries. This particular disease awareness bot aims to answer patient queries related to ailments. The bot was launched at the 46th Annual Meeting of the Research Society for the Study of Diabetes. ANYA is chatbot trained to help patients with health-related concerns as part of their disease management. “At Lupin, we continue to explore ways to integrate technology to support effective patient care. Chatbot as a technology has enormous potential to aid in medical assistance and to support in building awareness and breaking myths associated with various therapies,” said Rajeev Sibal, President - IRF, Lupin. ANYA is currently...