Latest News On Business Today – Indian IT services company Infosys Ltd reported a 12% year-on-year rise in its consolidated net profit to Rs 5,686 crore for the quarter ended March 31, 2022. Revenue from operations rose 22.6% to Rs 32,276 crores from Rs 26,311 crores in the same quarter last fiscal.
The stock exchange will be closed for four consecutive days starting Thursday. The trading of both the stock market indices – BSE Sensex and NSE Nifty – will not be conducted on account of Mahavir Jayanti/ Dr. Baba Saheb Ambedkar Jayanti and Good Friday.
Latest News On Business Today
Wholesale passenger vehicle sales in India declined 3.9% year-on-year (y-o-y) to 2,79,501 units in the month of March, automotive industry body SIAM said on Wednesday. Total passenger vehicle sales in March 2021 stood at 2,90,939 units.
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About nine out of 10 household consumers have felt the impact of rising prices of vegetables like lemons, beans, kidney beans and others in the last 30 days, according to a recent survey by LocalCircles.
Cryptocurrency markets have recovered slightly over the past 24 hours. The global market capitalization rose 1.97 percent in the last 24 hours to $1.86 trillion as of 8:00 am IST, data from CoinMarketCap shows.
Early-stage companies with seed and seed round funding saw 63% growth to $594 million in 2021, according to research from venture debt firm Innoven Capital. The growth was driven by a 30% increase in early-stage deal volume and a 20% increase in average deal size, the report said. Technology plays a vital role in the growth of modern business. To keep pace not only with competitors but also with the rest of the world, various industries are increasingly adopting technologies that can successfully support their business processes and realize their full potential. But what can we expect from AI and IoT, which have become key technologies in 2022? What direction will they take the business in? How will they define the future of jobs? The answers will be given by Azure business leader for CEE, Microsoft, Natasha van Putten-Gorkova. Coming from an ICT engineering background, she has more than ten years of experience holding marketing and strategic business roles at Microsoft. In addition, Natasha is passionate about cloud computing, new technology research and cloud product development.
Could you share the top trends and winning strategies that IT leaders are following? What are your observations about the market? How do you think it’s developing?
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What I can share as my personal observation is that the need for business digitization is becoming more and more urgent. It costs less and less to bring new technology to market, and at the same time, disruptive events are becoming more frequent. Therefore, investing in and promoting new growth initiatives is an important priority. The hybrid working model has become completely normal and our businesses are increasingly connected. Everything in a project – from sales, to customer service, to production can now be coordinated and carried out remotely. Every business is a digital business, so building digital capabilities is paramount. We are seeing changes in how people approach business – there is now an emphasis on advanced technologies such as artificial intelligence to influence a company’s KPIs.
And the most important thing to emphasize now and in the future is the need to protect every process – from start to finish. Safety should come first. Cybersecurity is the biggest threat to digital transformation today, and at the same time the number one risk facing any growing business. Every organization needs comprehensive tools for identity, compliance, privacy and governance. We at Microsoft work every day to improve our services and provide a high level of security to all businesses and users.
Azure is one of Microsoft’s largest and fastest-growing businesses and an important focus for the company, which describes its business strategy as “mobile first, cloud first.” And given Microsoft’s strength in the industry and enterprise business, it’s clear that Azure is well-positioned for continued growth in one of technology’s most critical areas. How ready are cloud infrastructures for Vision 2030?
Yes, Azure is the fastest growing professional cloud platform offered by Microsoft. The material base is growing extremely fast. It currently consists of 160+ data centers located in over 60 regions and interconnected by one of the largest interconnected networks on the planet. This allows our customers to manage the applications they use close to their employees and customers, wherever they are, and meet their local storage requirements. We recently announced new regions in Israel, Mexico, Spain, Italy, New Zealand and Central Canada.
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We strive not only to meet local data processing requirements, but also to deliver daily innovations that deliver technology skills and jobs in many markets, and to improve user experiences with the cloud, such as reducing latency. All this demonstrates Microsoft’s commitment to the transformation of the digital market.
Given the rapid development of innovation, we are expected to constantly respond to the needs of our customers. This is true both for today and for the future. Over the past year, we’ve released over 1000+ features in AI, Kubernetes, databases and more to ensure we offer the most innovative services to all our users.
Security is of great importance to us and should be part of every discussion with users and partners, especially when it comes to data. We cannot assume that if the perimeter is secure (the network) our data is necessarily secure – security needs a multi-layered approach.
It is important to note that cybercrime costs economies over 6 trillion every year and massive growth is yet to come. It’s also important to note that it’s not just companies that are targeted by cybercrime. According to recent reports, one-third of all cyber attacks target small businesses. And after being attacked, 61% of small organizations are unable to recover and return to normal. Providing security and services to an organization has never been easier. Yet, with hybrid operations and an increased digital attack surface, it is now much more difficult for organizations in every sector and of every size.
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In the past two years, the frequency and complexity of cyber events has increased dramatically. We can share a few basic security principles that we follow:
– Zero trust philosophy with 3 basic questions – Who are you? What do you need? Can i trust you?
– Microsoft Cloud and Cloud Defenders provide end-to-end protection and protect all data, devices, identities, platforms, on-premises and multi-cloud.
What do you think is the future of AI and IoT? Don’t you think this is a topic we’re not ready for yet?
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Technologies like AI and IoT are everywhere, including in our company. Anything that can be connected will be, and consumers will expect just that. Also, the way we interact with computers is evolving at a rapid pace. A growing number of products and services are expected to have AI capabilities with built-in learning and adaptation capabilities. This will again become a consumer expectation. The Internet of Things is growing significantly as there is a hunger for real-time visibility into global operations (Digital Twins) and the cost of labor, as well as skills shortages that require companies to modernize. With AI, you get a significant positive return on investment very quickly. It also greatly eliminates human error and achieves a state that greatly optimizes maintenance efforts and budgets. But at the same time, there is a growing need for new structures for responsible AI governance.
Microsoft has developed such a structure: We are committed to ensuring that AI systems are developed responsibly and in a way that people can trust. We implement our principles for responsible AI development under the guidance of committees that advise all our teams and administration. We also apply our principles to the services we offer to our customers and partners. Responsible AI development is based on six principles: honesty, trustworthiness and security, privacy and security, inclusion, transparency, accountability and accountability.
Are you really implementing artificial intelligence in your products? Does it make your products and services more successful?
We believe the future is in AI. At Microsoft, we use artificial intelligence in almost all of our products and services. We see that many of our users are embarking on the path of digital transformation and also adopting this technology that improves their companies and efficiency. I don’t think this is a topic that only affects larger or more developed countries – it’s a matter of company culture, company views and perceptions and willingness to develop the team.
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So how do we prepare for the future? Can you share some of the skills for the new jobs that can be expected to be in demand based on Cloud Vision 2030?
Most of the jobs that will exist then probably don’t exist yet, if you believe research conducted by a number of different companies.
– Employee expectations are higher than ever. According to
