Category: Software

  • Capri Global Capital to develop an insurance platform

    Capri Global Capital to develop an insurance platform

    Mumbai: Capri Global Capital Limited (CGCL) received a composite Corporate Agency license from the Insurance Regulatory and Development Authority of India (IRDAI) in December 2023 to distribute life, general, and health insurance products.

    CGCL is planning to leverage technology to revolutionise the way insurance products and services are delivered to customers. The Company is planning to use data analytics, artificial intelligence, and blockchain to deliver insurance solutions. This will enable CGCL to automate claims processing and customer support services, thereby reducing the cost of operations while improving customer satisfaction. Hence, the key goal of the Insurtech platform will be to create an ecosystem of insurers who can offer coverage in a more affordable, customer-friendly way. This in turn will assist the Company to immensely contribute to the ‘Insuring India by 2047’ mission of IRDAI.

    The Company’s basic motto is to offer a customer-centric approach to insurance. CGCL will provide a wide range of insurance products and services through its website, app, and call centers. Moreover, the platform will adopt a customer-friendly payment policy too that will allow customers to pay in several ways, including through digital wallets, credit cards, net banking, and debit cards.

    With this tech-centric focus, CGCL aims to leverage its robust active client base of 270K as of Sep’23 to cross-sell insurance products. In H1 FY’24, CGCL disbursed total loans amounting to Rs. 62 Bn and added 107K live clients. Further, the Company has on behalf of the partner Banks originated a Car Loan of Rs. 44 Bn i.e. 39K new clients. The rapidly increasing client relationships offer CGCL a captive base to improve insurance penetration and help CGCL strengthen its fee income and deliver better returns to its stakeholders. The Company expects to generate a net fee income of Rs. 200 Mn from insurance cross-sell in FY’25.

  • With right usage AI Industries can scale newer heights – Nadir Godrej

    With right usage AI Industries can scale newer heights – Nadir Godrej

    Mumbai: Industrialist Nadir Godrej on Sunday said manufacturing, healthcare and other sectors in India can scale newer heights with the right use of artificial intelligence.

    Here to attend the World Economic Forum Annual Meeting, Godrej also said India can achieve its net-zero goals ahead of the deadline as the country is moving in the right direction on climate related matters.

    Speaking to PTI, he said AI has great potential to help various sectors by optimising processes and it should be seen as a facilitator rather than a disruptor.

    Godrej is chairman and managing director of business conglomerate Godrej Industries. Climate change, conflicts, geopolitical and geo-economic concerns and opportunities and threats posed by AI are among the key topics to be discussed at the five-day WEF annual meeting beginning here on Monday.

    Godrej said the meeting should yield several positive outcomes on areas like climate change, global economic concerns and conflict resolution.

    ( Taken from syndicated feed) 

  • AI for tomorrow: How artificial intelligence businesses can power sustainable growth

    AI for tomorrow: How artificial intelligence businesses can power sustainable growth

    Mumbai: In the age of instant gratification and hyper-growth, the tech industry often grapples with a paradox: the very tools driving innovation can leave a heavy footprint on the planet and contribute to social inequities. But within the same engine that powers this rapid change lies a hidden gem – the potential of Artificial Intelligence (AI) to unlock a future where business success and sustainability go hand-in-hand.

    For AI businesses, achieving sustainable growth isn’t just about ticking ethical boxes; it’s about harnessing the power of their technology to create a positive impact on the world. This journey requires a shift in mindset – from maximizing profits to maximizing value, not just for businesses, key shareholders and customers, but for the environment and society as a whole.

    So, how can AI businesses truly walk the talk of sustainable growth? Here are some actionable steps, fueled by real-world examples:

    1. Green AI: Optimising for efficiency

    https://news.climate.columbia.edu/2023/06/09/ais-growing-carbon-footprint/

    The digital world has a surprisingly tangible footprint. Data centers, the brains behind AI, are notorious energy guzzlers. But AI can also be the key to unlocking unprecedented efficiency. Take Google’s DeepMind, which used AI to optimise cooling systems in Google’s data centers, reducing energy consumption by 40%. Similarly, AI-powered logistics platforms like Optoro are revolutionising supply chains, optimising routes and reducing transportation emissions. These examples showcase how AI can become a positive tool for environmental causes, not just a contributor to the problem.

    2. Ethical AI: Building trust and fairness

    Bias, whether intentional or unintentional, can creep into AI algorithms, leading to discriminatory outcomes. This not only undermines social justice but also erodes trust in AI itself. Companies like Cognizant are tackling this challenge head-on by developing comprehensive ethical AI frameworks that emphasise transparency, explainability, and fairness. By actively mitigating bias and ensuring responsible data practices, AI businesses can cultivate a more equitable future and build lasting trust with their stakeholders.

    3. AI for good: Making a positive impact

    The potential of AI to address global challenges extends far beyond optimising operations. Take Microsoft’s AI for Earth program, which supports innovative projects using AI for environmental conservation, climate change mitigation, and sustainable agriculture. Another inspiring example is IBM’s Watson Open-Source Toolkit, which empowers researchers and developers to use AI for healthcare diagnosis and disease prediction, potentially saving countless lives. These initiatives demonstrate how AI can be a powerful force for good, contributing to a more sustainable and equitable world.

    4. Beyond profits: Embracing shared value

    https://www.forbes.com/sites/markminevich/2023/11/25/ai-and-generation-z-pioneering-a-new-era-of-philanthropy/?sh=de8138b6d099

    Sustainable growth for AI businesses hinges on understanding that their success is intertwined with the well-being of the communities they operate in. Companies like Salesforce are pioneering the concept of “shared value,” which emphasises positive societal impact alongside financial performance. One notable example is Salesforce’s AI-powered Philanthropy Cloud, which helps non-profit organisations streamline operations and maximise their impact. By actively contributing to social progress, AI businesses can create a virtuous cycle of shared success.

    5. Transparency and collaboration: Building a sustainable future together

    The journey towards sustainable AI growth is not a solo endeavor. Openness and collaboration are crucial. Platforms like the Partnership on AI, a multi-stakeholder initiative involving leading tech companies, researchers, and policymakers, are fostering dialogue and developing shared principles for responsible AI development. By sharing knowledge, resources, and best practices, the entire AI ecosystem can accelerate the transition towards a sustainable future.

    The path to sustainable AI growth is paved with challenges, but the potential rewards are immense. By harnessing the power of AI not just for profit, but for positive impact, AI businesses can become agents of positive change, building a future where technology fuels a better tomorrow, not just for themselves, but for the entire planet and its people.

    This is just a starting point. Remember, the choice is ours: we can build an AI future fueled by short-term gain and unchecked growth, or we can harness the potential of this technology to create a world where innovation and sustainability work in harmony. The time to act is now. Let’s choose wisely.

  • DaveAI & India’s premier two-wheeler manufacturer partner to integrate GenAI solution

    DaveAI & India’s premier two-wheeler manufacturer partner to integrate GenAI solution

    Mumbai: DaveAI, a leading experience creators’ platform, is happy to announce a partnership with India’s favourite two-wheeler manufacturer. This strategic collaboration introduces an innovative solution, the “Generative AI Explorer,” designed to transform how customers interact with their newly launched Harley Davidson X4 40.

    This two-wheeler giant recognised that customers faced challenges visualising their recently launched bike model. The absence of a visual representation led to uncertainty and occasional dissatisfaction. The brand was committed to enhancing the customer experience by enabling users to preview their bikes in real-world settings.

    DaveAI developed the generative AI explorer, a solution that redefines the customer experience. This technology allows users to visualise their purchased bikes in high-quality, realistic environments.

    “We are thrilled to unveil a cutting-edge feature in our AI-powered LLM middleware that revolutionises the customer journey in the motorbike industry. Our innovative tool empowers enthusiasts to not only envision but visually place their dream bike in any location they desire, with stunning realism. By merging the boundaries of imagination and reality, we enhance the emotional connection between customers and their potential purchase. This isn’t just a step forward in personalised marketing; it’s a giant leap in creating lasting customer relationships” said DaveAI CEO Sriram PH.

    Key features of the generative AI explorer:

    ●   Location selection: Customers can choose from a range of real-world locations for bike visualisation.

    ●   Generative AI visualisation: DaveAI’s advanced AI algorithms create life-like visualisations of the bike in the selected location.

    ●   Real-time rendering: Visualisations are rendered in real-time, allowing users to witness instant changes and customise their bikes.

    ●   Save and share: Users can save their customised bike visualisations for future reference and share their creations on social media or with friends and family.

    The collaboration marks a transformative milestone in enhancing the customer experience. Using generative AI technology, facilitated by the DaveAI platform, this sets a new benchmark in the industry. This partnership not only boosts customer satisfaction but also strengthens brand loyalty and market presence.

    DaveAI, based in Bangalore, is dedicated to offering innovative AI solutions. With the generative AI Explorer, DaveAI is excited to contribute to the future of the automotive industry, enabling customers to connect with their bikes on a deeper level.

    Experience the future of generative AI-powered image generation and product visualisation with DaveAI.

    Watch the Generative AI explorer in action –  https://bitly.ws/39fMZ

  • Almonds Ai unveils ‘Green Loyalty Program’ platform

    Almonds Ai unveils ‘Green Loyalty Program’ platform

    Mumbai: Almonds Ai, a B2B channel engagement, and experiences solutions company, announced the launch of a loyalty program platform that inspires change – Green Loyalty Program. The program aims to empower businesses to drive sustainability awareness, encourage eco-friendly behaviors, and support environmentally conscious practices among their customers. By incorporating sustainable principles into loyalty programs, businesses can not only educate and inspire their customers but also reward them for making environmentally friendly choices.

    The Green Loyalty Program offers exclusive experiences specifically crafted for these organizations, granting them access to green rewards, eco-friendly events, workshops, and digital engagement opportunities. The Green Loyalty Program will be a key driver in making individuals a part of the sustainability initiatives taken by the government, which till date have majorly focused on large carbon-emitting industrial players, providing India an easier path towards achieving net zero by 2070.

    Commenting on the launch, Almonds Ai co-founders Abhinav Jain & Apurv Modi jointly said, “The world of loyalty programs and B2B channel partner engagements in India is a thriving Rs 24,000 crore industry, projected to skyrocket to eighty thousand crores by 2030. As we closely observed the remarkable journey towards green loyalty initiatives, we realized that the transformation extends beyond traditional loyalty programs. Sustainability has become a key consideration, even in sales and distribution-driven initiatives. With the Green Loyalty ProgramTM, businesses can seamlessly integrate sustainability principles into their existing loyalty programs and can make a significant impact on the environment while fostering a strong bond with their customers, clients, stakeholders, and channel partners.”

    Enterprises across various industries and scales have acknowledged the need to embrace eco-friendly practices and sustainability. They understand that their actions impact the environment and are actively seeking ways to reduce their carbon footprint, conserve resources, and promote sustainable development. Businesses of all types and sizes are proactively pursuing avenues to diminish their environmental impact, save resources, and support sustainable growth.

    For more information about Almonds Ai and the Green Loyalty Program please visit https://almonds.ai/green-loyalty-program/’

  • Harshiil Pethani to launch a new online studio app in India

    Harshiil Pethani to launch a new online studio app in India

    Mumbai: Harshiil Pethani, an esteemed alumnus of the University of Sheffield, United Kingdom, is all set to launch his groundbreaking online architectural studio and marketplace app for architects, interior designers and clients who are looking to get their houses or offices designed in India. This app will be launched in collaboration with Caerus3 Advisors and Think Tank transaction advisory services firm.

    Harshiil Pethani is a luminary in the architectural realm, celebrated for his groundbreaking contributions across diverse cultural landscapes such as Spain and the UK. A visionary entrepreneur, Pethani has garnered acclaim for his adept fusion of heritage designs from Europe, heritage sites of the Middle East and North Africa, and India with a contemporary architectural ethos. His portfolio is a testament to his innovative spirit and unwavering commitment to crafting spaces that harmoniously blend tradition with modernity.

    “I aspire to craft designs that transcend mere aesthetics; to shape spaces that catalyse life-changing experiences and endure the test of time. Each creation is a testament to my dedication to making an indelible mark on architecture, leaving a legacy of functional, enduring, and impactful designs. I am deeply driven by a fervent pursuit of knowledge, Technology and AI; consistently seeking opportunities to expand my expertise. As an ambitious designer, I leverage robust management skills, adept communication finesse, and an unwavering commitment to professionalism,” shares Harshiil Pethani.

    The Marketplace App & Metaverse Design Studio, whose name has been kept under wraps, promises to revolutionize architectural design by merging Technology, and AI innovative concepts with sustainable practices.  The App will be a one-stop shop for all Architects and Interior designers to sell their services to buyers.  The app will have 3 service lines for B2B B2C and Meta Verse Design Studio

    “Architecture greatly influences people, and people influence architecture,” he adds. “A perfectly coalesced design with nature has fascinated me since childhood, metamorphosing into a passion that steered me into the school of architecture.” For NextGen Architecture, Designs and Tech AI need to be blended and that is where I want my Marketplace app to be a game changer.

    Pethani’s journey began with a graduation in India and an enriching work experience in Spain. His pursuit of excellence led him to the University of Sheffield, where he earned a Master of Arts in Architectural Design, graduating with distinction propelled him onto an international platform that nurtured an elaborate and extensive mindset crucial for an architectural designer.  His distinctive approach seamlessly interfaces historical elements with Avant Garde concepts; breathing new life into structures and embodying a unique cultural amalgamation narrative  His work represents his enterprising spirit and deep-rooted passion for transcending architectural norms.  Pethani’s work echoes a visionary zeal; resonating with individuals seeking spaces that evoke nostalgia; sustainability and innovation.

  • Combonation announces its new app

    Combonation announces its new app

    Mumbai: Combonation, India’s premier combo deal destination, is pleased to announce the official release of its much-awaited mobile application. The platform offers users a one-stop shop for carefully curated combo deals across a wide variety of product categories, revolutionising the e-commerce scene.

    Offering a wide range of products, including gift packages, home decor, wellness and health products, beauty and baby care items, Combonation’s e-commerce platform stands out. The platform’s unique value proposition is its ability to allow users to seamlessly mix and match products, allowing them to create combo deals that suit their preferences.

    Combonation’s partnerships with well-known brands, such as Ajmal, Beardo, The Body Shop, Wildcraft, Coloressence, and many more, are among its main selling points. Through its partnerships with these reputable names, Combonation guarantees that customers will have access to premium products from reliable brands, along with the added bonus of exclusive bundles and competitive discounts.

    Combonation co-founder and CEO Pooja Sodhi stated, “Our vision has always been to redefine the way consumers shop, offering a diverse range of products that can be bundled together to create unique and cost-effective deals. We hope to enhance the shopping experience by offering users the ability to find and personalise combo deals that meet their unique requirements through our easy-to-use app.”

    To commemorate the app’s launch, Combonation is providing an exclusive incentive for new users. Users who register for the app will receive a special sign-up bonus of 10% off their first order. This limited-time offer is Combonation’s way of thanking early adopters and welcoming them to the exciting world of personalized combo deals.

    Key features of the Combonation app:

    Extensive product range: Discover a diverse range of products from various categories.

    Brand collaborations: Get access to merchandise from reputable brands for a reliable online buying experience.

    Customised combo offers: Assemble products in different combinations to make customized combo offers.

    Competitive discounts: Take advantage of eye-catching savings and premium packages.

    User-friendly interface: For a hassle-free shopping experience, navigate the app with ease.

    Combonation invites users to download the app and experience the future of combo deal shopping. The app is available for download on iOS and Android, and more information can be found on the official Combonation website.

  • “Synology is committed to data protection”: Russell Chen

    “Synology is committed to data protection”: Russell Chen

    Mumbai: In a rapidly evolving digital landscape, businesses worldwide grapple with the dual challenges of safeguarding precious data and unleashing its potential. As the data arena transforms, companies seek innovative solutions to combat rising threats like ransomware and capitalise on opportunities for enhanced analytics and storage scalability.

    To tackle these challenges, Synology, a dedicated solutions provider boldly reshapes the realm of data management and protection. Synology’s comprehensive suite encompasses storage, backup, surveillance, and productivity tools, envisioning a future where businesses effortlessly traverse the ever-changing data landscape. With Synology, companies are fortified against evolving risks, unlocking the full potential of their information in a secure and dynamic environment.

    To gain more insights, Indian Television caught up with Synology’s sales manager of SAARC Russell Chen.

    Edited Excerpts:

    On a concise introduction to Synology, along with an overview of its diverse range of products and services

    We are a specialised company dedicated to delivering comprehensive storage solutions designed to address diverse data challenges encountered by businesses. Our core focus revolves around four key innovative solutions: Data Management, Data Protection, Productivity Enhancement, and Surveillance. Tailored to meet the unique needs of businesses of all sizes, our offerings encompass versatile network attached storage (NAS) systems, functioning seamlessly as file servers, backup servers, and surveillance servers. In addition to our robust NAS solutions, we extend our capabilities to cloud services, further enhancing our comprehensive suite of offerings. Leveraging Synology’s cloud services, we provide businesses with seamless access to scalable and secure cloud storage solutions. This integration enables organisations to not only optimise on-premises data management but also leverage the flexibility and accessibility of cloud-based solutions.

    Our diverse range of NAS systems is available in varying capacities, spanning from terabytes to petabytes. This scalability ensures that our solutions can effectively accommodate the data requirements of businesses, irrespective of their size. By combining on-premises NAS solutions with cloud services, we empower businesses to optimise data management, enhance data protection protocols, improve overall productivity, and establish robust surveillance mechanisms.

    In essence, our commitment lies in providing cutting-edge storage solutions that not only mitigate data challenges but also contribute to the operational efficiency and resilience of businesses, seamlessly integrating on-premises and cloud-based storage services.

    On the purpose behind Synology’s recently hosted event in India – Solutions Day and insights into Synology’s business in the country

    Synology’s Solution Day in India is an opportunity to showcase our data management solutions: storage, backup, surveillance, and productivity. We’re inviting IT professionals and potential partners to experience firsthand how our solutions disrupt conventional tradeoffs in cost and maintenance.

    Our objective is to establish a more robust local presence and raise awareness of our solutions within the local community. This encompasses providing solutions for digital transformation and future-proof storage, ultimately contributing to increasing businesses’ resilience.

    On insights into the regional market, as a storage vendor and the industry(s) that you specifically see having the most potential in India

    Our customers span across various industries and business scales. In India, we have had the opportunity to collaborate with numerous large enterprises and organisations including luxurious jewelery, Sports apparel, VFX studios to aerospace and defence company.

    When considering the industry with the most potential, given the continuous development in recent years, we find that the manufacturing industry holds the greatest potential, achieving a growth rate with more than double just in five year from 2018 to 2022.

    On Synology’s solutions improving multi-site file synchronisation and enhancing business productivity

    Synology’s solutions streamline multi-factory file synchronisation and enhance production process productivity by automating the collection of production history data. With Synology Drive, manufacturers can effortlessly synchronise data from production line machines to centralised storage, ensuring instant access and maintaining data integrity through multiple versions. The NAS’s remote connectivity enables real-time data analysis, optimising efficiency without the need for on-site presence.

    Furthermore, Synology facilitates collaboration by establishing synchronisation tasks between headquarters and multiple factories, preventing file leakage and boosting overall efficiency in design drawings and data distribution.

    On Synology’s offerings in terms of backup and archiving solutions for businesses, given the unfortunate inevitability of data loss incidents impacting businesses globally, including those in India, the need for reliable solutions is paramount

    Synology is committed to data protection. We understand the critical importance of safeguarding businesses from data loss incidents. Our products offer a range of solutions designed to help businesses protect their valuable data, whether it’s production history data, training data for smart manufacturing analysis, or company employee collaboration data. Therefore, we provide a comprehensive data protection solution to ensure uninterrupted business services.

    – Access control and security: We have Secure SignIn, a robust two-factor authentication that ensures that user credentials remain uncompromised, offering essential data protection. We also have Security Advisor, which serves as a vigilant guardian, consistently reminding and updating security settings to keep threats at bay.

    – Data Backup: To protect data, businesses can utilise Synology’s built-in backup solution – Active Backup Suite – to centrally back up various platforms. Synology’s backup mechanism employs incremental backup technology, helping enterprises save bandwidth resources, and global deduplication technologies eliminate duplicate replicas among multiple backup sources.

    Furthermore, through the built-in Snapshot Replication feature, backup data can be periodically captured in immutable snapshots. With WORM (Write Once, Read Many) technology, even system administrators, including those with the highest-level privileges, cannot edit or delete them. This secure storage of immutable copies of enterprise data meets the requirement for tamper-proof backups, serving as the second checkpoint for restorability.

    – Data Restoration: Finally, we provide a complete and speedy instant restoration to ensure even in the face of unexpected events, the system will never experience downtime or be reset.

    On the most pressing challenges and opportunities for businesses in managing and safeguarding their data in today’s ever-changing data landscape

    In today’s dynamic data landscape, businesses face both challenges and opportunities in managing and safeguarding their data.

    The most pressing challenges include the exponential growth of data, ensuring data privacy and compliance with regulations, and defending against evolving cyber threats. The opportunities lie in leveraging advanced technologies like artificial intelligence for enhanced data analytics, adopting robust cloud-based solutions for scalable storage, and implementing proactive cybersecurity measures to fortify data protection.

    Balancing these challenges and opportunities is crucial for businesses to navigate the evolving data landscape successfully.

    On examples of companies, both globally and in India, that have benefited from Synology’s data protection solutions and the specific challenges that Synology helped them overcome

    Synology’s solutions are trusted by global enterprises, including the multinational consumer goods giant Unilever, the renowned German luxury automobile manufacturer Audi, the Japanese beauty and skincare brand Shiseido, the international hotel chain Holiday Inn, and the airline Jestar.

    In India, Synology is also highly regarded by businesses in various sectors ranging from luxurious jewelry, sports apparel, VFX studios to aerospace and defence company.

    On your assessment of the current ransomware threats and ways in which Synology’s solution can protect user data from these risks

    Among factors leading to data loss, ransomware attacks have the most severe impact. This is because if a company’s data falls victim to a ransomware attack or malicious encryption, it not only causes operational downtime but also requires the payment of a hefty ransom, and potentially incurring high subsequent processing costs.

    Synology offers the Active Backup Suite, a built-in solution for centralised backup across various platforms, and a comprehensive disaster recovery solution for efficient backups, data integrity, and instant recovery to VMware or Hyper-V, ensuring business continuity within the golden framework of disaster recovery.

    Moreover, we prioritise the security of our services and take full responsibility for protecting businesses’ critical data. We dedicated PSIRT (Product Security Incident Response Team) to handle incidents, conduct investigations, coordinate responses, and issue public reports on vulnerabilities, ensuring robust protection for products and customers’ critical data.

    On Synology’s plans to continue evolving and expanding its offerings for businesses in India to meet the changing needs and demands

    Synology is renowned for its storage solutions that prioritise simplicity, scalability, and security. Nevertheless, we consistently deliver solutions not only focused on data protection but also aimed at enhancing productivity and video surveillance. Our objective is to create a comprehensive data management ecosystem, serving as a one-stop solution for businesses. Looking ahead, we plan to further expand these solutions in the Indian market.

    Moreover, to align with emerging enterprise-focused trends, Synology is continuously researching and introducing cutting-edge data management technologies. Our plans include features such as scale-out capabilities, dedicated data protection, and high-performance products, all of which will be available in the coming year.

  • LehLah teams up with Animeta for their creator-led shopping app

    LehLah teams up with Animeta for their creator-led shopping app

    Mumbai: Social media audiences, especially the GenZ, have embraced social commerce as a natural extension of their online experiences. As using the mobile for making online purchases and payments become increasingly common, the entry of commerce in social media content is highly evident. But the most important phenomenon amidst this, has been the rise in the role of content creators – who are now able to leverage their content and influence with their online communities, to not only drive awareness or consideration for a sale, but the sale itself. And – have a direct share in the earnings!

    LehLah, is a new creator-guided shopping app in the fashion and beauty space, that taps into this exact opportunity. Users come to discover looks and outfits showcased by credible fashion influencers. They can then go on to buy things directly from the respective stores, by simply tapping on their posts. The app’s marketplace is connected with several top brand stores available online, giving creators a wide range of products to select from, to endorse. To ensure success for this new model of online discovery and shopping, it was critical for LehLah to onboard the most apt creators, recognisable for their fashion sense and ability to drive ‘intent to buy’. And that is where they found synergies with Animeta, Asia’s largest creator-tech company, to act as their creator selection and onboarding partner.

    LehLah founder Ashna Ruia commented “Fashion is a timeless and ever evolving canvas for expressing individual identity. Social media stars have become icons for their followers, influencing the next wave of fashion and style driven by hyper-personalization. LehLah functions on this very idea. In our quest for partners who align seamlessly with our vision, Animeta emerged as the perfect collaborator to bring on board creators who truly fit the bill. As the landscape of social commerce prepares for a significant surge, our focus is on cultivating enduring partnerships that foster collective growth for brands and creators alike.”

    Animeta CEO Devdatta Potnis said “Industry estimates project that global social commerce is poised to reach US$ 1.2 trillion by 2025, with significant momentum observed in key markets such as the US, China, and Southeast Asia. However, it is India that is anticipated to be the driving force behind this remarkable growth in the years to come. LehLah is our very first partner on this journey, and their approach perfectly fits our goal of finding fresh monetization avenues for creators. Animeta is stepping into a new era where technology and commerce come together to open up amazing opportunities for creators”.

    Close to 50 creators, already onboarded on the LehLah platform are actively sharing content and earning a share of (upto 20 per cent) of the revenue generated. On Instagram, they are utilising a combination of stories, reels, and direct-messaging tools, to harness the connect with their existing audience to the maximum, and effectively drive increased visibility and traffic to their profiles on LehLah. On LehLah, they are able to set up their personalised shop-fronts, allowing them to showcase their expertise, connect with their audience, and facilitate transactions, creating a comprehensive and engaging shopping experience for users.

    Beyond onboarding creators for the platform, Animeta is also helping LehLah to create community partnerships and collab moments. First of which, was a dance collab on their brand’s anthem, with a Bangalore-based dance ensemble called ‘The Vixens Crew’.

    LehLah and Animeta’s collaboration marks a significant step forward in empowering creators, unlocking new possibilities in the realm of fashion and beauty-led social commerce.

  • Seqrite and DSCI launch the India Cyber threat Report 2023

    Seqrite and DSCI launch the India Cyber threat Report 2023

    Mumbai: Seqrite, the enterprise arm of global cybersecurity solutions provider, Quick Heal Technologies Limited, in collaboration with the Data Security Council of India (DSCI) has released a much-anticipated India Cyber Threat Report 2023 at the Nasscom-DSCI Annual Information Security Summit 2023. The report was launched by Vishal Salvi, CEO of Quick Heal, Pramod Bhasin Chairman Data Security Council of India and Vinayak Godse, CEO of DSCI in presence of Shri S. Krishnan, secretary, and ministry of electronics & information technology. The joint report is a first-of-its-kind initiative specifically tailored for the Indian cybersecurity ecosystem.

    The comprehensive threat report is the result of a collaborative effort between Seqrite and DSCI, leveraging the invaluable insights gleaned from Seqrite Labs, the country’s malware analysis lab. It aims to empower businesses with India-centric knowledge and actionable recommendations to fortify their cybersecurity posture. The report stands as a testament to the diligence and dedication of Seqrite’s researchers and experts. Their efforts had enabled the compilation of a thorough analysis of cyber threats in the Indian landscape, drawing on a wealth of data, statistics, and telemetry from approximately 8.5 million endpoints.

    The report includes a detailed exploration of the geographic and sectoral impact of cyber threats, unveiling the top states, cities, and industries targeted throughout the year. On the Android front, it sheds light on a significant increase in Adware and Potentially Unwanted Applications (PUAs). Shockingly, fake and malicious applications hosted on the Google Play Store have been downloaded by millions of users, including SpyLoan apps, fake apps, HidAdd apps, and more.

    Commenting on the release of the report Quick Heal Technologies Limited, chief executive officer Vishal Salvi said, “Today’s cyber landscape demands collaborative efforts and innovative solutions. Drawing upon extensive research from India’s largest malware analysis lab, Seqrite Labs, and our domain expertise spanning three decades, this first-ever in-depth India-centric threat report not only deep dives into the threat landscape but also provides actionable insights to stay a step ahead of cyberattacks. At Seqrite, we deeply understand the challenges faced by Chief Information Security Officers (CISOs) and Chief Information Officers (CIOs) for businesses across. Therefore, as India’s only full-stack enterprise cybersecurity solutions provider, we offer integrated, modular, scalable, sentient, and easy-to-deploy & operate solutions. As guardians of the critical infrastructure of our nation, safeguarding its digital backbone is not just a responsibility for us; it’s a commitment to ensuring its resilience in the face of evolving threats.

    I extend heartfelt thanks to DSCI and our experts at the Labs for their unwavering commitment to creating excellence in cybersecurity and all their efforts to transform the ecosystem. Together, we stand united to create a secure digital world for all”.

    Data Security Council of India chief executive officer Vinayak Godse commented, “Cybersecurity has ascended as a strategic concern at the board level owing to the multifaceted nature of cyber threats and the escalating monetary implications stemming from data breaches. Malware stands as a significant threat with cybercrime engineering becoming increasingly intricate with diverse attack methodologies. Additionally, ransomware authors continually evolve their methodologies and employ sophisticated techniques to evade traditional signature-based detection which is evident in the Malware vs. Ransomware incident ratio findings. The report provides broad understanding of the current threat landscape in the Indian context with predictions for the upcoming year. I hope it serves as a strategic guide for organizations and cybersecurity leaders to navigate the digital landscape with resilience. I would like to extend my thanks to the entire Seqrite team for collaborating with us to bring out the threat landscape in a comprehensive manner.”

    Report Link:  https://www.dsci.in/resource/content/india-cyber-threat-report-2023