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Tech Advancements Take Center Stage in Indian Business Spending Plans

Indian businesses are leading in global optimism, with 72% expecting increased B2B spending in 2023, surpassing the global average of 49%, as per an A

Indian businesses are leading in global optimism, with 72% expecting increased B2B spending in 2023, surpassing the global average of 49%, as per an American Express and Cebr survey. The surge is driven by a focus on technology investments, with 88% planning to allocate more funds for technological advancements. Goals include improving payment speed, enhancing productivity, and meeting digital product demands. Additionally, 72% plan to boost spending on business travel, signaling a return to networking and exploring partnerships. Moreover, 68% aim to invest more in business and professional services, particularly IT and technology consultancy. Notably, 84% have partially automated payments to suppliers, with 39% achieving full automation. Read More..

B2B Tech News | 2 years ago          

Combatting Deepfakes Microsofts Watermark Tool Aids Politicians in Election Integrity

Microsoft is offering a tool to U.S. politicians and campaign groups to combat deepfakes leading up to the 2024 presidential election. The tool uses w

Microsoft is offering a tool to U.S. politicians and campaign groups to combat deepfakes leading up to the 2024 presidential election. The tool uses watermark credentials through cryptography to authenticate videos and photos, creating a permanent record to detect digital alterations or AIgenerated content. Initially free for political candidates, Microsoft may extend the tool to more groups post2024. Despite addressing deepfake concerns, Microsoft is investing heavily in generative AI, putting $10 billion into OpenAI. The company also emphasizes the threat of foreign interference in U.S. politics, particularly from China, Iran, and Russia, as highlighted in a recent threat intelligence report. Read More..

B2B Tech News | 2 years ago          

Crash Prompts Cruise to Recall 950 Autonomous Vehicles Across the U.S.

Cruise is recalling 950 autonomous vehicles in the U.S. due to issues with the collision detection system in its Automated Driving Systems ADS softwar

Cruise is recalling 950 autonomous vehicles in the U.S. due to issues with the collision detection system in its Automated Driving Systems ADS software. The recall comes after a robotaxi was involved in a crash where the ADS response was deemed improper. The incident involved a pedestrian in San Francisco. Cruise plans to address the softwares response in certain collision situations. The company had previously halted operations nationwide and temporarily suspended production of its Cruise Origin. Cruise acknowledges the need for ongoing software improvements and anticipates potential future recalls. The company is currently under federal investigation for safety concerns, competing with Waymo and others in the race to bring autonomous cars to market. Read More..

B2B Tech News | 2 years ago          

Telenor IoT and Polarium Set to Transform Energy Storage Systems

Telenor IoT and Polarium are teaming up to bring advanced cellularmanaged connectivity to energy storage developer Polarium. The partnership will enab

Telenor IoT and Polarium are teaming up to bring advanced cellularmanaged connectivity to energy storage developer Polarium. The partnership will enable Polarium to offer digital solutions such as fleet management, remote monitoring, antitheft, and tracking services for energy storage systems globally. Polariums fleet management service allows users to monitor, control, and optimize their fleets, identifying potential issues before they disrupt operations. The collaboration aims to provide comprehensive coverage and innovative IoT solutions, starting in Sweden and expanding to more countries in the future. Read More..

B2B Tech News | 2 years ago          

Tax Document Leak Fallout Leads to PwC Australia Job Cuts

Pricewaterhouse Coopers PwC Australia is cutting hundreds of jobs due to a sluggish economy and fallout from a tax document leak scandal. The firm, wh

Pricewaterhouse Coopers PwC Australia is cutting hundreds of jobs due to a sluggish economy and fallout from a tax document leak scandal. The firm, which faced criticism when a former partner leaked government tax information, leading to the loss of a major audit client, will make 338 employees redundant. This move is also a result of the firms smaller size following the separation of its government consulting practice amid the scandal. Approximately 1,400 staff transitioned to a new advisory firm called Scyne Advisory, leaving around 7,600 employees at PwC Australia. Some employees who were initially offered positions at Scyne Advisory had their offers withdrawn. Read More..

B2B Tech News | 2 years ago          

‘DiDi’ Expanding Rapidly in Latin America with $410 Million Investment

Chinese mobility platform ‘DiDi’ will invest a total of $410 million in Latin America by the end of the year as it rapidly expands its ridehailing

Chinese mobility platform ‘DiDi’ will invest a total of $410 million in Latin America by the end of the year as it rapidly expands its ridehailing and food delivery services in the region, primarily in Mexico. DiDis General Director for Latin America, the Middle East, and Africa, Juan Andrés Panamá, mentioned that the focus is on enhancing user benefits, improving value, and building a community around their services. DiDi began offering ridehailing services in Mexico in 2018 and added food delivery in 2019, with 350,000 drivers and delivery personnel currently working through their platform in the country. Read More..

B2B Tech News | 2 years ago          

Workers Rights Protected as UK Government Slashes Bureaucracy for Businesses

The UK government is planning to save British businesses around £1 billion annually by eliminating outdated regulations that were previously required

The UK government is planning to save British businesses around £1 billion annually by eliminating outdated regulations that were previously required as a result of EU membership. These changes will update and simplify laws, making them more businessfriendly, reducing reporting requirements, and streamlining processes for businesses, particularly in areas such as holiday pay calculations and business ownership transfers. These reforms do not affect workers rights but aim to reduce unnecessary bureaucracy and allow businesses to benefit from postBrexit flexibility. The government previously initiated a consultation to identify areas for regulatory reform. Read More..

B2B Tech News | 2 years ago          

TATA Group Contemplates Sale of Voltas Home Appliance Unit Amid Market Challenges

TATA Group is reportedly considering the sale of Voltas Ltd.s home appliance business due to challenges in expanding in a competitive market. The grou

TATA Group is reportedly considering the sale of Voltas Ltd.s home appliance business due to challenges in expanding in a competitive market. The group is in early discussions about the potential sale and hasnt decided whether to include its joint venture with Arcelik AS. However, TATA Group may choose to keep the asset for a longer period. TATA Group shares for Voltas have dipped, and the company declined to comment. Voltas, established in 1954, makes various products, operates in multiple regions, and has seen its shares rise by about 3 percent this year, with a market value of approximately $3.3 billion. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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