Is the automotive industry now creating more jobs than IT in India?

Automotive IndustryWhile everybody looking to make a big career move sought the best opportunities in the IT sector in the past, there has been a paradigm shift in the favor of the automotive industry.

The globe has witnessed a fall in the number of unemployed over the past few years in a number of its regions. This has been in part due to the availability of better media for awareness and urbanization of the remotest areas. But a part of it has also been due to the improvement of the various industries themselves. A better developed, expanded and growing industry has more space for both, skilled labor and raw talent.

However, information technology, that once has the best job categories and prospects, has seen a considerable decline. Massive layoffs across the multi-billion-dollar sector make the future possibilities for employees appear bleak.

Why hasn’t the IT sector been able to create more jobs?

  • The existing redundancy
  • Lack of skilled labor
  • The growth of the West

In the past, a number of foreign companies contracted their work to strong Indian IT firms like the Infosys and Wipro. So, every computer engineer who had the necessary skills had a job in hand. But now, automation has taken over all clerical tasks. The job profiles that are now vacant in the IT sector require in-depth knowledge of technologies like cloud-computing, robotics and a lot more. Since most engineers honed here do not taste this in their years of education, they aren’t job-ready.

So, although the IT sector continues to grow, job prospects for the natives are receiving a plummet. It is noteworthy that although technology is being integrated at a matched pace in the automotive market too, job prospects there are continuing to thrive and are, in fact, on the rise.

How the automotive sector has overcome this

While the IT sector is receiving a boost from the west, India is moving on towards becoming the third largest auto market in the world. All this with the new approach of going completely electric by 2030. This means that the automotive sector is heated up with processes of producing conventional engines and EVs going on in parallel.

A pervasive research highlights the need for a large workforce including both, accomplished individuals and fresh graduates who can be trained. This is because the whole industry is gaining a new face where ideas of the new generation are as welcome as the admin power of the existing luminaries.

Will this contribute to the growth potential of the country?

Considering the BRIC economies, it has been observed that countries other than India, in their developing phase, had a majority of people employed in the fastest growing sectors. This had a majority of the workforce being involved in contributing towards a quick rise in the GDP. But, as a worrying trend, India hasn’t been doing so say the chief economists of our country.

Moreover, market research reports claim that, of the total number of businesses in India, most work with an employee strength below 10. This data can be misleading. In our nation, this category is dominated by individual workers and freelancers. These are not as good a contribution as mid-size businesses actually are to a nation.

With growing opportunities in fields growing apace, a greater proportion of the population trying to leverage them will surely be a boost to the nation’s economy.

 

Image recognition market trends and predictions 2021

The image recognition market is expected to grow up to USD 38.92 billion in 2021 from USD 15.95 billion in 2016. It is predicted to grow at an estimated CAGR of 19.5% in between the predicted period of 2016 to 2021.

The market for image recognition is rising and this growth is cited to increasing adoption rates of image recognition technology across various industry verticals – like the healthcare, automotive, retail, defense etc. increase in the use of high bandwidth data services is also one of the most crucial reasons for this Technology market growth

However, high costs for image recognition systems acts as an impediment in the image recognition market growth.

Predictions on technology basis

On technology basis, the digital image processing technology sector is expected to grow at the highest compound annual growth rate [CAGR] in the forecasted period.

This swiftly growing segment’s reason is due to increasing use of digital images in diverse industries such as healthcare and retail.

Predictions based on industry

As per a technology market research, the BFSI industry[Banking Financial Services and Insurance] is predicted to hold the largest image market recognition during 2016-2021.

The swift rise of the segment is attributed to the growing adoption of advanced image recognition technologies to improve the automation and digitization of services and products.

Predictions based of geographical basis

The Asia- Pacific region [ APAC] image recognition market is expected to witness substantial growth and is predicted to have the highest CAGR during the projected period of 2016 to 2021.

As per market research, this growth is cited due to mobility, high adoption of cloud, and infrastructure management solutions to address the information security.

Moreover, South Korea, Japan, India, Australia and China have started adopting and investing in the image recognition technology to promote business and attract high profile customers. This factor, as remarked by several market research, is also influencing the growth of image recognition market in the region.

Cyber Security: A threefold definition

Cyber securityCyber security is a form of technology and process, composed to protect computers and networks from damages, attack and unauthorized access. It includes protecting sensitive information from cyber threats like – cyber warfare, espionage and terrorism. In the worst case, network attacks access confidential information of the military, political and infrastructural assets of the country or its citizens. According to a IT market research, cyber security has become a subject of utmost importance for all governments world-wide. The U. S government, for e.g. invests a jaw dropping $13-billion-dollar figure annually on IT-security since the end of 2010.

Meanwhile, the global cyber security market reached up to $75 billion in 2015 and is estimated to reach $170 billion by 2020.

Cyber Warfare

The cyber warfare involves various countries using IT to hack into other’s networks to cause disruption and damage. It is done to compromise confidential data, impair infrastructural systems of for e.g. medical and transportation services, debase communications and hindering commerce etc.

Cyber Terrorism

This is a disruptive usage of IT, by terrorist groups to promote their political and ideological agenda. In Cyber terrorism, the form of attack happens on telecommunications, networks and infrastructures. According to a market research, in response to the removal of Russia’s war memorial, Estonia was attacked with a vastly distributed denial of service, which impaired almost all ministry and major banks networks offline.

Cyber Espionage

Cyber espionage is the practice of utilizing IT to gather sensitive information without the permission of their owners. Cyber espionage is mostly used to gain economic, political, strategic and military benefits. It is performed through utilization of cracking methods and malware.

In 2011, the office of national counter intelligence executive released a report detailing and acknowledging the legitimate attack of cyber espionage and its potential to destroy the American economic advantage.

Facebook is Set to Bring Virtual Reality with Oculus VR

The online sphere of social media has had an intoxicating effect on all of us regarding technology. Now, Facebook is moving forward in the world of virtual reality market with its Oculus VR. It is alliance with Netflix (streaming television sector). Around 1500 people flocked to the Dolby Theater, Los Angeles to attend the 2nd annual key presentation of the Oculus Connect developers meet. The chief and co-founder of Facebook, Mark Zuckerberg addressed the audience from the stage while giving a brief.

How Is Facebook Making Virtual Reality Possible?

Mark said that they were driven towards providing people with facility to share their experience in every way for different things of their realm with others. Facebook owned Oculus VR in 2014, at $US2 billion, as per the semiconductors market research. Latter to the video, the huge leap would be the virtual reality. Oculus will be joining with Netflix for the streaming of 360 degree video. This will enhance user’s perception when they are in between of an on-screen action.

The virtual world will be the next computing platform for the generation, wherein viewers will travel to exciting avenues. Zuckerberg recounted his experience from Oculus offices that when he put on the headset (Rift prototype), it felt like being teleported to some other region. The Samsung Gear VR headgear is backed by Oculus software, and ready to hit the virtual reality market soon. The CEO of Oculus, Brian Iribe feels the technology is really on the go.

Is Oculus VR a Revolution for Video Gamers?

Brian spoke to the audience that this is like a one if a moment for the generation in creating a module for inspiring millions of people. The cost for Rift headsets is not yet disclosed by Oculus. But the Oculus Ready computers for the market would be priced lower than $US1, 000, according to market research reports. But, the price will be affordable enough for audience, making the virtual reality dream real and in mainstream. The oncoming Gear VR model is lighter by 22% as compared to the older version.

These have better controls, and more comfortable to be worn over the ears. The hardware is compatible with the 2015’s Galaxy smartphones, conveyed by semiconductors market research. Oculus is targeted towards video game lovers, and is in synch with popular gaming engine marker and studios to reach players in the virtual land. One of the Netflix applications is cut out for Samsung Gear VR, which allows the members for the subscribed video streaming services receive the Netflix feel from their on virtual realm.

Europe summoned facebook for not adhering to the cyber security laws !

 

In the rapidly growing world of Information technology, social networking sites have made it excessively difficult for users by making all the settings difficult to browse, noted in one survey report. People were kept in dark and hence were absolutely unaware about how Face book collected all the vital information and published in advertisements without consent. Face book went ahead with its argument against allegation and stated that, ‘we are confident about our policies and terms, they meet all the standards set by the government and are relevant to the laws.

Criticism of Facebook had driven it towards anxiety that is developed among end users and supported to an argument that users must have an access and complete control about specific information that is being shared online with anonymous visitors and that can be accessed and monitored by Facebook in particular, added the report. Thus, to reply against roar; Facebook clarified that its latest terms and policies are much clear and concise.

Facebook programmed intricate pattern of settings that triggered insecurity among people about how to stay aware regarding the data that they want to keep confidential Social media or to be assured about all the vital information they were not intended to share because of their own choice, fact highlighted in the report. This report was presented in response to Facebook’s declaration in public that very soon it will bring some changes into privacy policy along with terms and conditions too. The upgraded terms were effectuated on 30th January. Latter, the report explained in subtle manner that these are not severe changes instead it demonstrated a confidential plan on which it had been working on for quite long time.

Latin America Cloud Analytics Market

The Latin American cloud analytics market suggested that overall growth rate is speculated approximately 29.1% from the year of 2014 to 2019 in the business world and cloud computing definitely owes credit. Latin and North America importance of cloud computing has been highlighted as space saver, excellent efficiency, maximum storage space and no requirement of racks. People establish connection through common servers also for example web server. It saves a company from any possible damage. It proves to be great relief which cannot be described. Actually, cloud computing is a process in which we store and manage data and process it as per the convenience through remote servers hosted on Internet. This concept is receiving huge praise because of its feasibility.

Cloud computing bridges the gap between infrastructure and services. It enhances effectiveness of shared resources through the medium of internet. It minimizes the risk of data lose. There are two models which are considered as pillars of cloud computing they are CAPEX and OPEX. Now CAPEX is bit traditional demands specific hardware package to work on and OPEX is all about extending support to the infrastructure through sharing. Today Information Technology Market Research Report suggests; an organization or individual is in the better position to conduct business analysis or execution of intelligence procedures. Business analysis done by experts speak that, in near future there will be more applications created for cloud computing and it will encourage newly established system to become more mature. It will also shift its focus on education and other aspects connected to the human world Continue reading

Development foreseen in the global Risk and Information Technology services in the Banking Sector

IT risk and services across the global firms has developed into a mandate with the various cases of economic challenges that are now widespread across the world. The measure has highlighted various risks involved in the services of business operations and with the input of IT Risk and Service governance, there can be various solutions to aid the business operation into a smooth level.

The economic challenges can be risky for business profiles in case of sudden and surprising IT threats and other issues. To curb the case, Global Risk and IT Services market in Banking Sector has taken up active business risk and IT service implementation, credit, operational, market risks, liquidity and ALM risks. The solutions help in driving one with the high level productivity for a proper business optimization of the cost. It is now a mandate to every firm and banking sector to provide solutions and mitigate various cases of risks involved during the day to day transactions and other business operations. The procesas is to actively drive the business and gain the optimization of the cost.

In accordance to the latest news analysis, the CAGR is all set to grow of 5.78 percent over the year 2013 to 2018 in the Banking Sector.

Information Technology Market Research is a platform that helps in analyzing and regulation the movements and aid compliance level solutions. There are various rules and stringent regulations from the business body on global level which has now forced these companies and various organizations to actually seek technology compliant solutions.