Accenture opens Advanced Technology Centre in Coimbatore
Accenture has opened its newest Advanced Technology Centre in India at Tidel Park in Coimbatore. A part of Accenture’s global delivery network, the new facility will provide technology services for global clients.
The company did not specify the capacity of the centre and the investment gone into its setting up but said that it is actively recruiting "people who have deep skills in platform cloud, data and AI, metaverse and related areas."
Coimbatore joins Bengaluru, Chennai, Delhi, Hyderabad, Indore, Kolkata, Mumbai, Jaipur, and Pune among the cities where Accenture’s advanced technology centres are in India.
India to lose $118bn in GDP, 5mn jobs if it lags in cloud adoption: Nasscom
India may stand to lose $118 billion in GDP contribution and five million job opportunities by 2026, if businesses and government are late to cloud adoption, industry body Nasscom said in a recent report.
The report, titled Future of Cloud and Its Economic Impact: Opportunity for India, said that limited understanding of cloud features and benefits, integration issues with legacy systems and lack of in-house capability to drive transformation across industries, are posing serious threats to cloud adoption.Further, with global players heading towards new cloud-based systems like 3D printing, IoT, Robotic automation, slow or low adoption, and more, may result in Indian industries losing competitive edge and in turn India losing its attractiveness among investors, expats, and new businesses. If they can overcome these challenges, there’s a huge potential ahead, aid Nasscom. Large scale Cloud adoption can contribute $380 billion to India’s GDP and add 14 million direct and indirect employment opportunities by 2026, it said.
Tirupati to have NIELIT soon
The temple town of Tirupati will soon get another national institute as the National Institute of Electronics and Information Technology will be set up here soon. It is learnt that the Centre had given its clearance for setting up the institute here.
Director-General of National Institute of Electronics and Information Technology (NIELIT) Dr Madan Mohan Tripathi wrote to the Secretary of Department of IT, Electronics and Communications, seeking built up space of 8000-10000 square feet for setting up the institute. The institute is likely to be set up in a building that is available in Sri Venkateswara University campus.
NIELIT, which currently has 47 centres across India, is an autonomous scientific society under the administrative control of the Ministry of Electronics and Information Technology (MeitY). Its objective is to carry out human resource development and related activities in information, electronics, and communications technology. It has a network of 800 plus accredited training partners and 5200+ facilitation centres engaged in formal and non-formal education in the field.
The society plays a key role in capacity building and skill development and provides quality education besides offering courses in the areas of electronics and communication technologies, hardware, cyber law, cyber security, cloud computing, electronics system design and manufacturing, e-waste, internet of things, big data, blockchain, data analytics and e-governance among other concepts.
Bank of Baroda launches hackathon to showcase, co-create innovative solutions
Bank of Baroda announced the launch of an online nationwide Hackathon on 21 July 2022 to mark its 115th Foundation Day. Through the hackathon, organised in collaboration with Microsoft, Bank of Baroda aims to encourage participants to develop innovative solutions to address specific business use cases defined by the Bank and co-create solutions along with the Bank. The hackathon is open to both individuals and teams – developers, students, professionals, start-ups, fintechs etc.
The three-month long hackathon will include an online software coding/prototype development competition. The six themes for the hackathon are: automated cheque processing, video analytics, virtual avatar, call centre analytics, virtual assistant, and alternate authentication, a release from the Bank of Baroda said.
Contestants can participate in the hackathon by visiting https://bit.ly/BOB-Hackathon2022. Participants can form a team of a maximum of four people to participate. Individuals and teams can register for the hackathon and submit ideas from 20th July 2022 to 14th September 2022 (both dates inclusive).
Shortlisted teams will be asked to develop a prototype which will form the basis for deciding the winners. Shortlisted teams will be provided Azure credits, technical resources and mentoring sessions by Microsoft and Bank of Baroda subject matter experts, the release said.
The top three winning teams will be awarded cash prizes ranging from ₹2,00000 to ₹500,000. They will also get the opportunity to work with Bank of Baroda and co-create innovative solutions for the Bank, the release added.
IIFL Finance appoints new CTO
Non-banking financial company IIFL Finance has appointed Gaurav Sharma as CTO to accelerate the company’s digital transformation journey, a release from IIFL Finance said.
Sharma is a technology and digital transformation specialist with over 27 years of experience. He was in the CTO role at Poonawalla Fincorp and L&T Financial Services previously. He was also associated with TCS and Max Life Insurance Company. Sharma is a mechanical engineering graduate from Indian Institute of Technology, Roorkee.
In his previous stints, Sharma has successfully implemented cloud computing, Data Lake for advanced analytics, ERP systems, technology-backed loan origination systems, collection systems, loan administration systems, business operations and customer servicing platforms across retail lending businesses, the release said.