According to McKinsey, robots could potentially replace 800 million jobs by 2020. However, with the right training, the workforce can embrace this advancement rather than fear it. The responsibility falls on the government and companies to aid the workforce with skill training that can better prepare them for the coming advancements.
The Fed and other nations' central banks are exploring the creation of state-backed digital currencies that would allow consumers and businesses to have digital wallets from which they could buy, sell and trade.
According to the FBI, cybercrooks have changed tactics and sometimes pose as government agents or tech support reps for GPS, printer or cable companies, or virtual currency exchangers.
The New York Attorney General's office is looking into the practices and policies of cryptocurrency exchanges; experts say any ensuing regulation will likely protect investors while allowing the marketplace to continue growing.
On 25 May 2018, the EU General Data Protection Regulation (GDPR) comes into effect, giving regulators unprecedented power to impose fines, and requiring large-scale privacy changes across organizations if they conduct business in Europe.
Enables account opening in a few hours. First bank in India to introduce a digital process to open various types of current accounts using tablets and smartphones; Uses APIs for real-time validation of KYC documents of the business for swift processing of documents.
Hortonworks, a vendor of data management solutions, has launched a new product called Data Steward Studio (DSS) to help enterprise customers find, identify, secure and connect data for consistent governance across cloud and on-premise data lakes.
Aping Silicon Valley technology startups, enterprises are revamping their organizations from project-based IT service delivery to product-oriented technology supported by agile development and iterative release cycles.
While the social media giant is scouting for a WhatsApp India head, Instagram and Facebook still lack leadership on ground, despite India being their largest user base.