Uber will cut about 3,000 jobs, in addition to the 3,700 it had announced earlier this month, as coronavirus-led restrictions sap demand for ride-hailing services, Chief Executive Officer Dara Khosrowshahi said in an email to employees on Monday. The ride-hailing business has suffered a near-total collapse as large parts of the United States and the […]
Archives for May 2020
SoftBank Vision Fund posts record $18B loss, warns 15 portfolio firms may go belly up
SoftBank Group Corp reported losses of nearly $18 billion at its much-vaunted Vision Fund, the heaviest in the Japanese conglomerate’s history, after it wrote down the valuations of quite a few of its most prominent portfolio companies. It also warned of the likelihood of 15 of its portfolio firms going bankrupt in the wake of […]
Cellular connectivity sets a new standard for telehealth
Remote patient monitoring has been increasing over the last few years but, with home visits from healthcare professionals minimised because of COVID-19 lockdowns, services are poised to take off into the mainstream, writes Peter Fowler, SVP of Quectel. As the coronavirus has spread rampantly in the US, even patients who typically make frequent trips to […]
ETtech Top 5: Swiggy layoffs, SoftBank’s record loss, Jobseekers’ dilemma & more
Happy Monday! It’s the first day of Lockdown 4.0 and we’ve seen companies scramble to pick up the pieces in a few states, albeit with some caveats. E-commerce, as we know it, will soon be back. Ride-hailing services like Uber and Ola have resumed operations in Karnataka. And life seems to be limping back to […]
Automating and Educating Business Processes with RPA, AI and ML
How are these technologies connected, what are the implementation challenges, and how are companies using them? Robotic process automation, artificial intelligence and machine learning are all being infused to automate business processes and speed time to decision. What is the “sweet spot” for each of these technologies, and how are companies using them? The common […]
Your Roadmap to AI and ML Deployments
Don’t adopt artificial intelligence and machine learning without having a real business problem to solve. Here are some ways to help build the right use cases. Image: Pixabay As the hype around artificial intelligence hits an all-time high, it is more important now than ever before for enterprises to find practical use cases for AI […]
Swiggy to axe 1,100 jobs as Covid-19 crisis hits business
Food delivery app Swiggy will cut 1,100 jobs across the country over the next few days, as it reels under the Covid-19 induced nationwide shutdown. The development comes after rival Zomato said last week that it would lay off 13% of its workforce, or about 520 employees. “The core food delivery business has been severely […]
How to implement augmented analytics: 3 important caveats
With augmented analytics, keep in mind that users might not be data literate. Find out what else you need to know about using augmented analytics to pull insights from big data. Image: iStockphoto/NicoElNino Conversations about big data and analytics have emphasized the importance of leveraging data for the past decade. What hasn’t been discussed as […]
SurveyMonkey’s Microsoft Teams app gets upgrade for better feedback
The new feature fosters stronger relationships between team leaders and employees to design, collect, analyze, and act on feedback. With many working-from-home due to the coronavirus pandemic, communication between a company and its employees is needed more than ever. The global survey company SurveyMonkey announced new features and updates to its app integration with Microsoft […]
Intel outlines its 10-year corporate responsibility plan and pandemic response initiative
Intel’s annual Corporate Responsibility Report offers a global challenge and a 10-year-plan with a dive into sustainability and more. It also takes a deep look into the company’s COVID-19 response. Corporations need to take a collaborative approach to solve world challenges and should start by tackling the current coronavirus pandemic, according to Intel’s most recent […]