Google has recently decided to limit the degree to which mobile apps can access users’ call logs and texts having a huge impact on the various Ecommerce and Fintech companies. Google has thus restricted apps from taking undesired permissions that are not required for their functioning and thus users will not be forced to grant forced SMS permissions in every app.
The Indian Supreme Court last month has struck down the Section 57 of the Aadhaar (Targeted Delivery of Financial and other Subsidies, Benefits and Services) Act, 2016 which had given private entities like telecom companies or other corporates to avail of the biometric Aadhaar data. It ruled that the government’s Aadhaar scheme is constitutionally valid but struck down some of its provisions including its linking with bank accounts, mobile phones and school admission.
The latest report published by Market Research Future (MRFR), reveals that the global data analytics market is likely to surpass a valuation of USD 77 Bn by 2023-end, up from 12.01 Bn in 2016. Enterprises are quickly adopting data analytics to reduce operational cost, analyze the viability of new products or services to be introduced and make faster decisions. Businesses are adopting advanced technological solutions to overcome operational hurdles, which is partly creating the need for data analytical solutions.
As 75% of organisations, interviewed for a recent study, currently, shift from business intelligence (BI) to data analytics – citing a wish for better data (quality, availability and validity) – ironically, 82% of organisations admitted that they do not know where their critical data is located. The study by Exasol, the database management software company, also found that while the majority regard themselves as 25%-50% of the way through their transformation process, only 11% are seeing their efforts fully pay off. More than half (55%) agree fragmentation of data across multiple databases is slowing that progress.
According to an Accenture analysis, AI has the potential to add $957 billion to India’s economy in 2035. The abundance of data and increased need for its error-free analysis has forced companies to turn towards technologies like AI, resulting in more and more start-ups diving into AI-driven business offerings.