As machines make deeper inroads into the workplace, tectonic shifts are taking place in the job market. The Future of Jobs report 2018 presented at the World Economic Forum identified some roles that are declining and others that are emerging. The job roles losing the race to machines and algorithms include data entry clerks, assembly […]
Zuckerberg says Facebook’s future is going big on private chats
Facebook Chief Executive Mark Zuckerberg said on Wednesday the company would encrypt conversations on more of its messaging services and make them compatible, the latest sign that the world’s biggest social network sees its future in intimate online chats. Zuckerberg said in a post on his Facebook profile that within a few years direct messaging […]
House Panel questions FB’s ‘Opacity’, tells it to engage more with EC
The parliamentary committee on information technology on Wednesday asked Facebook about the steps it has taken to deal with fake news on its platform, and told the social media company that it seemed “unwilling to be scrutinised” despite having made “mistakes” in the recent past. Facebook executives conceded that the platform did not “always get […]
On Facebook, BJP takes giant early lead in ad spend
It’s early days yet, and the numbers are very small compared with what will ultimately be spent, but BJP is miles ahead of the rest in political ad spend on Facebook. According to data made available by the social media company for the month of February, BJP and its affiliates made up for over 50% […]
Paytm Money receives Rs 28 crore from One97 Communications
Online platform for mutual fund investmentsPaytm Money has received Rs 28.8 crore in a fresh round of funding from its parent entity One97 Communications, according to filings with the Registrar of Companies. This round could be part of the overall $10 million which One97 Communication had committed to invest in the mutual funds platform in […]
ACT Fibernet announces strategic partnership with Netflix
Internet service provider Atria Convergence Technologies (ACT) Fibernet on Wednesday announced a strategic partnership with online content streaming platform Netflix to expand payment and cashback offers for users across Delhi, Chennai, Bengaluru and Hyderabad. As part of this partnership, “Entertainment” plan users of ACT Fibernet would be able to pay for their monthly Netflix subscription […]
Parliamentary panel concerned over Facebook’s ability to check misuse of its platform
A parliamentary panel on Wednesday expressed concern over social media giant Facebook‘s ability to prevent misuse of its platform during elections in India, sources said. Senior official of Facebook appeared before the Parliamentary Standing Committee on Information Technology headed by BJP MP Anurag Thakur and responded to concerns raised by the lawmakers over the possible […]
Draft e-commerce policy: Some stakeholders seeking more time to give comments, suggestions
Some stakeholders from the online trading sectors are seeking more time beyond March 9 to provide their comments and suggestions on the draft national e-commerce policy, an official said. The government has released the draft proposing setting up a legal and technological framework for restrictions on cross-border data flow and also laid out conditions for […]
We Already Have the Technology for Smart Buildings, So What’s Next?
Hypothetically, smart buildings wouldn’t be hard to create—at least not entry-level smart buildings. With a handful of interconnected systems, such as equipment monitoring, climate control, and security, and a few dozen to a few hundred data-gathering devices, any preexisting structure could become a “smart” structure in short order. We already have access to IoT devices […]
Walmart expected regulatory changes, but disappointed it happened quickly: Brett Biggs, CFO
Walmart chief financial officer Brett Biggs said it anticipated regulatory changes in India but was disappointed it happened so quickly, referring to the foreign direct investment (FDI) norms in ecommerce that changed last month. “We will have legislation changes, we know that and you work your way through it. It is disappointing that you have […]