Skillbee Tech News Aug 2024

SKILLBEE TECH NEWS AUG 2024

(IT, AUTOMOBILE, E-COMMERCE, FINTECH, HEALTHCARE)

IT Industry:

Global:

• AI Integration: Companies like Google and Microsoft are leading in AI integration across products.
• Cloud Expansion: AWS and Azure are expanding cloud infrastructure to support global demand.
• Cybersecurity: IBM’s new AI-driven cybersecurity solutions are addressing increasing cyber threats.

India:

• Talent Development: TCS and Infosys are investing in training programs to upskill employees in emerging technologies.
• Digital Services: Tech Mahindra is expanding digital transformation services for global clients.

Automobile Industry:

Global:

• Electric Vehicles: Tesla and BYD are ramping up production of new EV models.
• Autonomous Driving: Waymo and GM’s Cruise are advancing in autonomous vehicle trials.
• Connected Cars: BMW is integrating 5G technology in its new models for better connectivity.

India:

• EV Adoption: Tata Motors launched new affordable EV models catering to urban markets.
• Government Initiatives: The Indian government’s Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme is driving EV adoption.

E-commerce:

Global:

• Digital Payments: Amazon and Alibaba are integrating advanced payment systems for seamless transactions.
• Sustainability: Shopify is promoting eco-friendly packaging options for sellers.

India:

• Expansion: Flipkart and Reliance Retail are expanding operations into rural markets.
• Logistics: Delhivery and Ecom Express are enhancing last-mile delivery capabilities.

Fintech:

Global:

• DeFi Growth: Companies like Uniswap and Aave are leading in decentralized finance platforms.
• AI in Finance: Startups like Quantit are using AI for predictive investment analytics.
• Investment Surge: Fintech companies globally have seen over $47 million per funding round on average.

India:

• Digital Payments: Paytm and PhonePe continue to dominate the digital payment space with innovative features.
• Lending Platforms: Companies like Lendingkart are providing quick loans to small businesses using AI for risk assessment.

Healthcare:

Global:

• Telemedicine: Companies like Teladoc Health are expanding telehealth services globally.
• AI Diagnostics: IBM Watson Health is enhancing AI-driven diagnostic tools for better patient outcomes.

India:

• Health-tech Startups: Practo and 1mg are leading in digital healthcare services, offering online consultations and medicine delivery.
• Telemedicine Expansion: Apollo Hospitals is increasing its telemedicine reach to rural areas, improving healthcare access.