Bengaluru, Best Power Equipments India Private Limited (BPE), a leading Indian manufacturer of end-to-end strategic power solutions, had a remarkable participation at the 12^th Southern India Information Technology Fair (SIITF) 2023, held in Bengaluru on December 15th, 2023.

The Tech Summit, which redefined the boundaries of technology and innovation, revolved around the theme ‘Cloud First to Cloud Smart’ and aimed to prepare the VARs with various emerging technologies that will hit the market in 2024. BPE presented during the event and delved into the need for smart UPS solutions to power the fast-evolving digital landscape.

“India is positioned as one of the most dynamic destinations for cloud infrastructure. This industry is poised to achieve exemplary growth in the coming years. To grow at an unstoppable rate, the industry can never hit a pause due to power disruptions. BPE introduces a spectrum of top-tier power solutions designed to ensure uninterrupted industrial processes. Our 24/7 high-quality power offerings contribute to the seamless continuity of operations within the industry,” said Sushil Virmani, Managing Director, Best Power Equipments India Private Limited (BPE).

“We are a company driven by the Partner, for the Partner and of the Partner. In addition to the traditional 4 P’s of businesses i.e. Product, Price, Place, and Promotion, BPE incorporates an additional P for Profit. Our products always ascertain that ‘Power is on’ enabling businesses to achieve success. We not only give the most technologically advanced products to our customers but also enable them with tools needed to succeed,” said Arun Kumar T.M, AVP Sales, BPE who presented during the event.

During the event, BPE showcased its advanced UPS solutions,1-3 kVA and 6 kVA, Modular Series of smart solutions that adequately cater to the dynamics of the digital infrastructure industry. The products garnered enthusiasm among participants and industry leaders alike.

SIITF brought together the brightest minds from the startup community, SMEs, leading corporations, and industries to delve into the rapid advancements in IT and DeepTech, the Metaverse and WEB 3.0, Electronics and Semiconductors, Telecom and 6G, as well as Biotech and Health tech. The event was graced by over 100 participants, including VARs and CIOs from the Indian ICT Industry, who powered collaboration and knowledge exchange among visionary minds.

BPE, with more than two decades of expertise in the power solutions industry, has established itself as a provider of cost-effective yet top-quality power solutions that guarantees continuous and reliable energy supply to customers.

In FY 2022-23, BPE achieved a remarkable year-over-year revenue growth of 25%, making a significant positive impact on the bottom line, all while maintaining a debt-free status exceeded and 100% growth in profit. This year, the company achieved major feats in Indian and International markets. The company has been installing power quality products for critical installation in Data Center/ Medical/Education, IT, Telecom & Industry verticals.

BPE also launched a series of cutting-edge products and energy storage solutions for increased performance and durability. With these endeavors, the company is aggressively working towards making ‘Make in India’ mission a success.

Source: Press Release

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IIM Ranchi inaugurated the global edition of the Young Changemakers Program (YCP) Rural Immersion Bootcamp, a transformative initiative aimed at fostering multifaceted development among aspiring students. With a vision of comprehensive and multidimensional growth, the YCP gathered a pool of exceptional talent from six different countries and twenty states, attracting over 3000 enthusiastic aspirants. Following a rigorous selection process, 80 outstanding individuals were chosen to partake in this exceptional educational venture.

Prof. Gaurav Manohar Marathe, Chairperson, Social Impact Committee, IIM Ranchi presented the idea behind the programme. The idea is centered on enabling participants to visit villages, immerse themselves in first-hand experiential learning, and collectively brainstorm solutions for real-world challenges. An extension of the Harvard model of case study, the Young Changemakers Program is the first of its kind live case study method of learning introduced by IIM Ranchi.

Prof. Deepak Kumar Srivastava, the esteemed Director of IIM Ranchi, extended his heartfelt congratulations to the selected YCP students. Recognizing the limitations of conventional education systems in preparing students for real-world challenges, YCP emerges as a catalyst for instilling social intelligence and cultural awareness.

The venue was also honored by the august presence of Dr. Andrew Fleming, British Deputy High Commissioner to East & North East India, the Chief Guest. He highlighted the incredible diversity across India’s 28 states, equating each state’s uniqueness to that of different countries. He reminisced about his school days and the challenges he encountered, underscoring the profound changes he witnessed during his stay in India.

The session culminated with an empowering address by Risav Ganguli and Himani Shah, the last year’s YCP winners, emphasizing that the program augments one’s candidacy beyond a mere certificate.

The Young Changemakers Program at IIM Ranchi stands as a testament to nurturing future leaders, fostering empathy, and equipping them with the skills needed for a diverse and dynamic global landscape.

Source: Press Release

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Atlassian Corporation (NASDAQ:TEAM), a leading provider of team collaboration and productivity software including Jira Software, Confluence and Jira Service Management, has announced the general availability of Atlassian Intelligence, its new Generative AI-driven virtual teammate that accelerates teamwork through human-AI collaboration; at ‘Unleash’, its Agile and DevOps focused event.

Adhering to Atlassian’s mission of unleashing the potential of every team, the company, in April, announced its ambition to transform teamwork by leveraging AI along with 20 years of data on how millions of software, IT, and business teams plan, track, and deliver work. Since then, 10% of Atlassian’s 265,000+ customers have been using their AI capabilities in beta and many are already reporting significant benefits, time savings, and productivity gains.

The inaugural Atlassian Intelligence capabilities not only empower teams by boosting individual productivity; they also harness petabytes of organizational data to make insights immediately accessible, and leverage those insights to simplify data-driven decision making. The AI functionalities will give every company a boost in supporting distributed teams globally by giving them a common understanding, helping them to quickly summarize thoughts, or kick-start ideas.

Anutthara Bharadwaj, President, Atlassian said, “We’re excited to announce the first wave of Atlassian Intelligence capabilities that are generally available across our Cloud Platform. We believe the future of teamwork will be a partnership between humans and AI, wherever work gets done. As Atlassian Intelligence leverages the information in Jira and Confluence, the benefits you get from AI is more relevant to your unique needs, so everyone can more effectively do their best work by driving speed, efficiency, and excellence.”

“We are building towards a future where virtual teammates will be the new workflow agent that will help teams sprint from ideas to action at an unprecedented pace,” she added.

With Atlassian Intelligence, team members can draft pages of business-critical content in seconds, automate routine tasks by simply asking in plain natural language, and summarize long-winded content instantly using the power of AI. The open-by-default nature of Atlassian’s products lets you leverage data from beyond Atlassian’s toolset, leading to richer insights — while maintaining enterprise-grade permissions and security.

In the coming future, Atlassian also plans to deploy the Bitbucket code review assistant which will help users review pull request diffs and leave comments automatically with suggested changes, so reviewers spend less time reviewing syntax and code conventions and more time reviewing critical changes. Software developers will also be able to auto-generate PR descriptions from commit messages, providing valuable context to the changes.

In building, deploying and using Atlassian Intelligence, Atlassian is guided by its Responsible Technology Principles, which focus on transparency, trust, accountability, human-centricity, and teamwork. These principles help the company to take accountability for considering and using technologies like AI responsibly and in line with their values. The company recently launched its Responsible Technology Review Template, an easy-to-use guide to support companies in developing responsible AI and technology practices.

Source: Press Release

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Pepper Advantage, a leading global credit intelligence, credit management and credit investment company, has opened its state-of-the-art Tech Hub in Pune, India. This marks a significant stride in the company’s commitment to fostering innovation and using AI to drive its technology development efforts. With India’s fintech sector forecast to reach USD 190 billion (INR 15.8 lakh crores) by 2030, growing at an annual rate of over 35%, Pepper Advantage has decided to base the centre of its technological developments in this market.

Following the acquisition of Loanguard, the AI-driven credit risk management platform previously known as Rieom.ai, Pepper Advantage is transforming its global technology development by centralising operations. The Tech Hub will advance new credit technologies and analytics, particularly for risk assessments during loan origination and servicing. Pepper Advantage’s cutting-edge technology and algorithms empower lenders with a unified platform for accessing a comprehensive suite of solutions that facilitate data-driven decisions. Its data and analytic services help bring about a significant reduction in the risks associated with fraudulent documents and financial frauds during the loan underwriting process.

A dynamic team currently consisting of 50 researchers, programmers and analysts forms the core of the Tech Hub. This strategic hub is not only a powerhouse for AI-driven innovation but also serves as the nerve center for Pepper Advantage’s technology development and will advance products that serve clients in India, Indonesia, the Middle East, and other Southeast Asian and European markets.

Commenting on the launch of the Tech Hub, Fraser Gemmell, Chief Executive Officer, Pepper Advantage, said, “Our growth in 2023 has been driven by the value customers place on our technological innovation and data-driven solutions. Our transformative journey gains momentum with the launch of the Tech Hub, which demonstrates our commitment both to developing new credit technologies and making substantial contributions to India’s thriving fintech ecosystem.”

Reflecting on the launch, Mukund Kulkarni, CEO, Pepper Advantage India, said, “We’re delighted Pepper Advantage’s Tech Hub will be based in India. Since the acquisition of Loanguard, we have grown our customer base in India by 40%, while AUM has grown over 200%. Fuelled by technology advances and the rapid growth of our fintech sector, India will soon become a global hub for technology and artificial intelligence, not just for Pepper Advantage but also for the world.”

Source: Press Release

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In the current landscape of technological prowess, businesses are rapidly moving to the cloud. NetApp’s latest Data Complexity Report reveals that 98% of global organisations are on this journey. Interestingly, three out of four still depend on on-premises storage, emphasising the ongoing importance of in-house infrastructure. This data emphasises the need for a unified approach to hybrid multicloud architectures in 2024 and beyond. Such an approach seamlessly combines on-premises all-flash storage with public cloud solutions, ensuring top-notch performance and accessibility.

As the industry continues to move towards widespread adoption of AI at scale, 2024 is poised to see unified data storage solutions take centre stage, and here’s why:

Cloud Adoption: Businesses today have a unique opportunity to strategically align their IT infrastructure with the evolving needs of an increasingly digital and interconnected world. In the near future, this alignment will enable agility and scalability for future growth and innovation. However, it’s important to note that cloud migration is not a linear process. Among tech executives planning to migrate workloads to the cloud, three out of four still retain the majority of their workloads on-premises. More precisely, 84% of the organisations are either in the mid journey or in the mature phase. Integrating AI into this dynamic landscape further enhances the potential for transformative innovation and efficiency gains.

The Rise of AI: India’s swift adoption of AI prioritises GenAI, the leading use-case for AI in the country. It emphasises boosting performance, cost efficiency, and highlights the crucial role of flash innovation in supporting AI and ML workloads.

The pivotal force propelling cloud migration is the widespread embrace of AI, as evidenced by our findings, where a substantial 74% of respondents leverage public cloud services for AI and analytics. Tech executives across the globe resoundingly articulate the essentiality of Flash innovation in optimizing AI performance, cost, and efficiency, with a notable 39% acknowledging its crucial role.

Enterprises are progressively integrating AI into their frameworks, with a significant emphasis on harnessing generative AI and tapping into public cloud AI and analytics services. As AI becomes more ingrained in infrastructure, IT leaders advocate for augmented funding, with 63% of AI budgets stemming from new funding sources. The anticipation is palpable, with leaders expecting to forge alliances with new vendors to navigate the expanding influence of AI within their organisational framework.

Data Security & Protection: In the era of AI, security threats are a major concern for C-level executives and IT decision makers in India. A majority of Indian IT leaders see data security as the primary challenge for realising AI’s potential, with security threats ranking as the leading cause of complexity in storage infrastructure. NetApp’s report underscores the critical role of AI in safeguarding against cyber threats. Moreover, executives consider ransomware attack mitigation as a top priority, emphasising the indispensable nature of AI in addressing these challenges. Notably, companies anticipate it would take days or weeks to recover from cyberattacks, underscoring the significant risk posed to their business and reinforcing the crucial role of AI in fortifying cybersecurity measures.

Sustainability: A growing number of Indian organisations now view mitigating environmental impact not only as an option but as an essential aspect of their sustainability efforts. This commitment extends to flash storage innovation, where prioritising energy and carbon footprint metrics is deemed crucial for future sustainability. The Data Complexity Report underlines the significance of sustainability as a critical factor in choosing storage vendors, with a notable percentage recognising the reduction of energy and carbon footprint as integral to responsible AI practices. Moreover, a substantial majority agrees that reducing their company’s carbon footprint is a vital aspect of broader sustainability initiatives. This underscores the imperative for forward-thinking organisations to align AI advancement with environmental responsibility in navigating the rapidly evolving technological landscape.

The Cloud-Driven Flash Storage revolution

Looking ahead, cloud-enabled flash storage will reshape technological innovation and business operations. As organisations tackle data complexity, integrating this technology will be crucial for agility, scalability, and efficiency in handling AI-driven workloads. Leveraging this transformative tech will help businesses adapt to digital demands, fostering streamlined operations, better performance, and accelerated innovation for success in the global market.

Source: Press Release

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