Finalytica August, 2018: Latest happenings in analytics world
- The global insurance industry is forecast to spend approximately $2.4bn (£1.9bn) on big data in 2018 as firms increasingly look to improve claims processing and fraud detection. That is according to a new report from research and consultancy firm SNS Telecom & IT, which also predicts that big data investments will hit nearly $3.6 bn by the end of 2021.
Finalytica July, 2018: Latest Happenings
- The Personal Data Protection Bill, 2008, and a report were submitted by a committee led by former judge BN Srikrishna recently. The report, titled “A Free and Fair Digital Economy: Protecting Privacy, Empowering Indians”, has been awaited for its implications on data handling and processing practices by government departments and companies both Indian and foreign.
Finalytica June, 2018: Latest happenings in AI and Analytics World
- Compared to worldwide estimates, India contributes 10% of open job openings currently. Growth in the number of data science jobs globally was much higher than India.
- The number of new analytics jobs increased by 52% from April 2015 to April 2016, and by 40% from April 2014 to April 2015.
Finalytica May, 2018: Latest happenings in Analytics, Fintech & AI world
- The Indian Information & Broadcasting ministry has now decided to set up a social media communication hub and deploy executives to monitor online content across each of India’s 716 districts.
- It is estimated that $14 billion of Fintech investments were made in APAC over the past 24 months.
Finalytica: April, 2018
Latest happenings in Analytics, AI and Fintech world
- As per a study Unlocking the economic impact of digital transformation in Asia Pacific, commissioned by Microsoft in partnership with IDC Asia/Pacific. It has said that by the year 2021, over 60 percent of India’s GDP would be derived from digital products and services such as AI, IoT and cloud computing.
Happenings February 2018
HAPPENINGS IN THE ANALYTICS, FINTECH & AI WORLD
- Emerging technology got prominent mention in the India Union Budget 2018-19. Federal policy think tank NITI Aayog will initiate a national program on artificial intelligence, and the Department of Science & Technology will launch a mission to support investments in research and training in robotics, artificial intelligence, digital manufacturing, big data analytics, quantum communication and internet of things.