Digital Reality Firm Hexagon Acquires ETQ, Adding Market-leading SaaS-based QMS Software Platform to Its Portfolio

Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced the acquisition of ETQ, a leading provider of SaaS-based QMS (quality management system), EHS (environment, health and safety) and compliance management software.

Customers have long relied on ETQ’s future-ready, truly multi-tenant QMS solution, ETQ Reliance. It provides the data backbone for automating the collection and delivery of manufacturing quality control data, non-conformance reports, customer feedback and more, providing an enterprise view of quality management across the entire product lifecycle. Its broad portfolio of best-in-class applications comes with out-of-the-box functionality and no-code configurability, enabling customers to tailor the solution to their unique needs and optimise critical business processes to achieve their quality, safety and environmental goals.

“Our leadership in quality data capture and smart digital realities makes ETQ an excellent fit. The acquisition brings a mix of talent and deep quality expertise across extensive industry verticals, targeting the rapidly widening gap between quality data creation and leverage,” says Hexagon President and CEO Ola Rollén. “Integrating data from our metrology systems with Reliance leads to increasing levels of autonomy that improve a customer’s ability to put quality and process data to work. ETQ also enables connectivity of quality data and processes across supply chains, bringing suppliers and customers into one system.”

ETQ’s advanced data management capabilities, driven by machine learning and artificial intelligence, make quality data fully actionable and available further upstream. Not only does this reduce defects, scrap, rework, and recalls, but it also enables an autonomous feedback loop, digital information trail and virtuous cycle of continuous improvement.

“Hexagon has long been in the business of enabling customers to realise the benefits that data-driven automation and product quality insights bring, including the freedom to create the undisputed factory floor of tomorrow—one that is self-sufficient, self-monitoring, self-optimising and self-repairing,” continued Rollén. “With our global footprint, vertical synergies and good customer fit, which includes our recently acquired EAM business, ETQ is poised for rapid growth. We’re proud to welcome ETQ to the family as we continue to accelerate our journey to the cloud and build the world’s leading quality stack from shop floor to top floor.”

Founded in 1992, ETQ is headquartered in Massachusetts, USA, with additional offices in Arizona, USA and Dublin, Ireland. With 185 employees, its team of quality experts drive customer success across diverse industries—life sciences, healthcare, heavy manufacturing, electronics, food and beverage, heavy process, automotive and more. ETQ will operate as part of Hexagon’s Manufacturing Intelligence division.

Transaction overview

ETQ is expected to generate revenues of around 75 MUSD in 2022 with an adjusted operating margin of over 35 per cent (cash EBITDA margins of around 45 per cent, reflecting a SaaS prepayment model). ETQ has been driving its customer base to SaaS, which is expected to account for half of bookings in 2022 and has been growing at a trailing 3-year Compound Annual Growth Rate (CAGR) of 60 per cent. Given the strong fit across Hexagon’s manufacturing and process industries and the significant scope for geographical expansion, the transaction is expected to generate sales synergies of over 40 MUSD, with very strong incremental margins, by 2026.

Transaction and integration costs including surplus values in the purchase price allocations (PPA) and deferred revenue adjustments affecting the income statement will be communicated as soon as the calculations are completed.

Hexagon will pay a purchase price of 1,200 MUSD for ETQ on a cash and debt free basis. The cash consideration will be fully financed via existing debt facilities resulting in a proforma net debt to EBITDA ratio of approximately 2.0 after the transaction. ETQ will be accretive to Hexagon’s adjusted earnings (before PPA and other purchase accounting adjustments) as of closing.

Completion of the transaction is subject to regulatory approvals and other customary conditions, which are expected to be fully completed by early in the second quarter 2022.

For further information, please contact:

Maria Luthström, Head of Sustainability and Investor Relations, Hexagon AB, +46 8 601 26 27, ir@hexagon.com

Kristin Christensen, Chief Marketing Officer, Hexagon AB, +1 404 554 0972, media@hexagon.com

This is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 25 February 2022.

Hexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.

Hexagon's technologies are shaping production and people related ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 22,000 employees in 50 countries and net sales of approximately 4.3bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

With NFT Marketplace and Metaverse for Students, This School Becomes World’s 1st Web 3.0 School

21K School becomes World’s First Web 3.0 School

School introduces NFT Marketplace and Metaverse for students

• Introduces ‘Learn to Earn’ through Gamification
• Student to list their creations on School’s NFT Marketplace and redeem their earnings as scholarships
• Metaverse for students and teachers to redefine learning and teaching

21K School, India’s first online only school, has launched its very own NFT Marketplace, as well as, introduced Metaverse and Web 3.0 for their K12 students around the world. Transitioning online schooling from Web 2.0 to the world’s first Web 3.0., the visionary 21K School founders have taken their keen interest in technology and are adopting it for the school of the future, where students will be encouraged to use technology to amplify their learning journeys.

21K School students will soon be able to create and sell their Artwork, Books, Podcast, Music, Videos on 21K School’s NFT Marketplace. They can earn reward points in the form of coins for all activities, timely submission of assignments, assessments and marks scored in examinations, which can be redeemed for scholarships, etc. This ‘Learn to Earn’ model is truly one of its kind in the world! Students can also invite their friends to be part of a gamified learning journey and build the ecosystem. The Web 3.0 school is also launching a blockchain based solution to identify marksheets, profiles of students and teachers with their accomplishments.

Santosh Kumar, Co-Founder & CEO, 21K School, said, “We are the world's first school to transition into Web 3.0. At 21K School, we are immensely proud to reimagine education with emerging technologies like Blockchain, Metaverse, NFTs, and more to instil learning, thinking, and creativity in the DNA of our students. We are the world's first Web 3.0 school to be implementing an NFT Marketplace, so children can have the opportunity to understand how cutting-edge technology can help them turn their creativity into financial empowerment. The NFT revolution is sure to impact countless industries unprecedentedly, and we are bringing it straight into our classrooms! We are thrilled to usher in a new era of learners who would be well poised to drive technology-led entrepreneurship in times to come."

21K School is also introducing gamification within its classrooms, where students can complete their homework and assignments in a gamified manner, driven by the digital school’s artificial intelligence enabled Learning Management System. This will not only create deeper engagements for students, but will also encourage them to finish their given tasks with perfection. 21K School will also provide rewards based on views on their class videos, assessment scores and student’s feedback by 21K school, while parents can also earn points for their involvement in their child’s education journey, all in the form of 21K coins.

21K School is the first online-only school in India, offering children aged 3 to 18 years a choice of three curriculums to study in – Indian, American and British. The school recently raised Pre Series A funding of $5 million from Ronnie Screwvala, Co-Founder and Chairman, upGrad. Founded in 2020 by Santosh Kumar, Yeshwanth Raj Parasmal, Dinesh Kumar and Joshi Kumar, the 21K School model aims to disrupt the traditional K12 school system and offer personalised, affordable and flexible schooling for students, regardless of where they are located or their time zone. The company already has nearly 3,500 students enrolled from over 400 cities across India and 35 + countries.

For more information on the new technologies, please refer to: https://21kschool.ai/

For more information on 21K School, please refer to: https://21kschool.com/

About 21K School:

Founded in 2020, 21K School is the first online-only school in India. Co-founded by Santosh Kumar, Joshi Kumar, Dinesh Kumar and Yeshwanth Raj Parasmal, the school’s objective is to make world-class education accessible to all children irrespective of their geographical location and fluid lives. 

The school is known for its intellectual rigor, application-based learning, flexible options, trained faculty, and an environment of collective learning in a community that grows together instead of competing with each other. The school has over 3,500 happy students from over 35 countries and is well poised for global expansion. Mr. Ronnie Screwvala has recently invested in 21k School’s vision to expand the reach of quality International Education.

AI-enabled Pathology Software Maker Crosscope Ties with Mindpeak to Improve Cancer Diagnosis with Digital Pathology Image Analysis

Crosscope Inc. a leading provider of AI-enabled digital pathology software and Mindpeak Gmbh, known for building sophisticated AI tools for clinical diagnosis, today announced their partnership to integrate MIndpeak’s image analysis tools into the Crosscope’s Digital Pathology platform. This partnership will enable Crosscope to expand its portfolio of AI applications and deliver end-to-end digital pathology solutions.

Mindpeak has developed tools that analyze immunohistochemically stained tissue samples by immediately detecting, classifying, and quantifying breast cancer cells. Crosscope Dx, a workflow integrated vendor-agnostic digital pathology platform will use Mindpeak’s CE-marked BreastIHC and follow-on products each as a supplementary module within the workflow software which will enable pathologists with diagnostics support in the evaluation of histology images or image sections. With this strategic partnership, Crosscope will be the authorized partner of Mindpeak for India and Emerging Markets.

“This collaboration will be instrumental in leveraging the strengths of both the companies to provide end-to-end solutions for all kinds of Histopathology workflows thereby providing best-in-class AI tools seamlessly integrated into a single platform,” said Crosscope CEO - Dr. Jayendra Shinde. This partnership enables the integration of image analysis solutions for ER, PR, and Ki-67 IHC stainings into Crosscope that will immensely support pathologists to improve the efficiency of their pathology labs and provide a timely diagnosis for their patients ultimately impacting their treatment and outcomes.

“With our AI software BreastIHC now also available via the Crosscope platform in the USA, Europe, and e.g. India we are making a significant contribution to the AI-adoption of pathology”, explains Felix Faber, CEO of Mindpeak. Crosscope, as a leading AI software provider in digital pathology, wants to ensure that Mindpeak’s cutting-edge technology is available for the pathology community to enable digital transformation in the pathology laboratories in India & emerging markets, USA and Europe.

About Mindpeak GmbH

Mindpeak, founded by Felix Faber and Dr. Tobias Lang, has been developing image analysis software for pathologists based on artificial intelligence since 2018. Partnering with several international laboratories and leading pathology service providers, Mindpeak is continuously expanding its product range and developing it into an indispensable component of digitized pathology workflows with focus on aiding pathologists in primary diagnostics.

Contact | Dr. Anil Berger | Email: anil.berger@mindpeak.ai

For more information visit: https://www.mindpeak.ai/ or connect on Twitter and LinkedIn.

About Crosscope Inc.

Crosscope; abbreviated for “Computational Microscope” is a medical AI software company on a mission to radically transform patient care by unlocking the power of AI. The company’s Crosscope Dx software is a digital pathology platform to facilitate deploying scalable Artificial Intelligence and Computational Pathology tools to empower pathology laboratories with precision diagnostics. Crosscope’s team of engineers, data scientists, and pathologists are developing a unique platform and AI approach to deliver efficient pathology workflows for increased diagnostic accuracy and productivity.

Crossbeats Launches Orbit X, Bluetooth Calling Smartwatch With AMOLED Display

Indian consumer technology brand Crossbeats has diversified its Orbit portfolio with the launch of Orbit X, a premium Bluetooth calling smartwatch with full touch AMOLED display. Design being an essential element of the latest from the house of Crossbeats, Orbit X has a rotating crown shaped dial and an industry-leading 1.35” 3D curved display. In two elegant color variants – Midnight Black and Lake Blue – Orbit X is currently available exclusively on crossbeats.com at a launch price of Rs 5,999.

“Crossbeats Orbit X is the first of its class AMOLED smartwatch with 454x454 pixel resolution and 600 nits brightness. It comes with a host of utility-based features such as business card, wallet, health monitors etc. Besides it has a triple theme menu along with split screen display while the widgets too can be customized as per the whims of the users. It is a timepiece engineered in accordance with the needs of young Indians who keep pace with evolving times,” said Crossbeats co-founder Archit Agarwal.

He further said that taking into account the fundamental needs of young guns that are usually on the go, the smartwatch is equipped with Always-on-Display feature even as it has multiple in-built interactive watch faces. Crossbeats Orbit X has as many as 15 different sports modes.

Crossbeats had just a few months back launched Orbit and Orbit Sports, both Bluetooth calling watches with the latter loaded with an in-app GPS tracking system. The Orbit range of smartwatches comes with in-built microphone and speaker, along with an exquisitely designed dial pad for flawless two-way communication.

For more details, kindly visit- https://crossbeats.com/

Oral-B® Brings a New Reality to Oral Care With Ground-breaking AI Integrated Device at Mobile World Congress 2022

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Business Wire India

As Artificial Intelligence makes its way into almost every facet of life, it makes sense that our oral health routine gets a smart upgrade too. Today, at Mobile World Congress Barcelona, Oral-B® the #1 Dentist Recommended Brand Worldwide and leader in oscillating-rotating electric toothbrushes, announces its latest technological innovation: Oral-B iO™ 10 with iOSense™.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220227005001/en/

 

Oral-B® announces its latest technological innovation - iOTM 10 with iOSenseTM (Photo: Business Wire)

The new iO10 with iOSense, the latest addition to the revolutionary iO range, is set to revolutionise the way we brush our teeth with a personalised experience like never before.

 

It is accompanied by a smart device called iOSense, which offers real-time guidance with the aid of AI and a personalized brushing experience that ensures healthier gums and teeth.

 

Benjamin Binot, P&G Europe Oral Care Senior Vice President says; “The innovation represents a new era of brushing that is more than just an electric toothbrush – it’s a fusion of ground-breaking technology, desirable design and amazing performance. iO 10with iOSense is our latest commitment to building a digital health ecosystem that leads with advanced technologies, accessible solutions and more effective educational tools to improve oral care and health for all.”

 

“Our clinical tests show that Oral-B® iO delivers a deeper clean of teeth and gums versus a manual toothbrush, but now with iOSense, the personalized brushing experience will revolutionize our entire relationship with our oral health,” says Maike Siemons, Europe R&D Oral Care leader.

 

Artificially Intelligent:

 

The NEW iOSense device is powered by artificial intelligence to intuitively guide your brushing and provide a personalized brushing experience like no other. It guides you…

 

• When to brush: the iOSense has a timer for optimal brushing time and a Wi-Fi clock

• Where to brush: the intuitive iOSense lights mean you’ll never miss a spot

• How to brush: the Oral-B® App tracks your goals and provides personalizes feedback after every brushing

The iOSense is also a magnetic charger that charges your brush in about 3 hours. For users on-the-go, it comes with the Power2Go charging travel case, meaning you can charge at your leisure.

 

Smart Performance:

 

Oral-B® iO’s revolutionary micro-vibration technology removes 100% more plaque than a manual brush to give you that professional clean feeling, at home, improving your oral health and contributing to better overall body health​. However, it’s not only about what the iO can do, it’s also about how it makes you feel. Using iO10 is a truly sensorial experience that will transform the act of brushing into something you have to do into something you want to do.

 

In clinical tests, Oral-B® iO provided a deeper clean of teeth and gums, allowing users to maintain oral health easily and effectively. Versus manual toothbrushes, Oral-B iO users experienced:

 

• Six times more plaque removal along the gumline
• 100% healthier gums in one week
• Whiter teeth in one week thanks to revolutionary iO™ technology

In a 6-month clinical study:

 

• 96% of patients using Oral-B® iO moved from non-healthy to healthy gums meaning the longer you use iO, the better off you are.
• By using Oral-B® iO, users have 14.5x higher odds of moving from non-healthy gums to healthy gums compared to a regular manual toothbrush.
• Oral-B® iO removes 62% more plaque than Sonicare DiamondClean SMART along the gumline and 26% more plaque in hard-to-reach areas.

The Oral-B® iO 10 Design:

 

• Comes in two new galactic-inspired brush designs, cosmic black and stardust white.
• The interactive Colour Display enables easy navigation through the brush features including welcome greetings, language settings and selection of cleaning modes, including sensitive, deep clean and whitening.
• The Smart Pressure Sensor guides users to apply optimal cleaning pressure. The sensor warns of overpressure with a red light and indicates in green when users are applying the optimal cleaning pressure, maximising the effectiveness of Oral-B® iO’s iconic round brush head, inspired by dentist tools.
• The Oral-B® app provides personalized feedback after every brushing session. It enables easy navigation through the brush features and allows a simple set-up of the brushing system. It also allows you to customize your brushing experience within the app, by setting up personal goals to meet your individual needs.
• The Oral-B® app also provides 3D graphics and the AI Brushing technology recognizes all areas within the mouth, guiding users toward 100% brushing area completion.
• The Visual Timer provides personalized guidance for users to reach their best clean yet. The timer tracks each brushing sessions duration, so users know when they have brushed for the dentist-recommended two minutes. Smiley icons on the display let users know if they have achieved their goal.

Democratizing Oral-B® iO: Introducing Oral-B iO4 and iO5

 

At MWC 2022 Oral-B® is also launching iO™ Series 4 and 5, affordable alternatives that still have the innovative iO™ technology, meaning a superior brushing experience is available for all, whatever your budget.

 

• Comes in a range of new colours: Quite White, Matt Black and Blush Pink or Lavender
• Powered by artificial intelligence
• Has an intuitive smart pressure sensor that coaches you in real-time
• Dentist-inspired round brush head with unique micro-vibrating bristles
• Comes with smart modes so you can personalise your clean

Healthy Habits for People and the Planet

 

This year at MWC 2022, Oral-B will highlight its commitment to powering the smallest daily habits, such as using an electric toothbrush, to create a positive impact on the health of your whole body, whole family and the whole planet. Healthy habits for the environment mean a world where everyone respects our planet and its natural resources by:

 

• Turning off the tap when brushing your teeth
• Recycling packaging and products
• Unplugging the toothbrush charger when not in use

-ENDS-

 

About Oral-B
Oral-B® exists to help people Brush Like a Pro. Oral-B® was founded in 1950 by a California periodontist, who invented an innovative toothbrush to help his patients achieve healthier teeth and gums at home. Oral-B® continues to stay true to his mission and is today the worldwide leader in the over $5 billion brushing market. Part of the Procter & Gamble Company, the brand manufactures electric toothbrushes and toothpaste for adults and children, oral irrigators, and interdental products.

 

About Procter & Gamble
P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Febreze®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands.

 

For more information, please visit: www.oralb.com

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220227005001/en/

Japanese Local 5G Player Hytec Inter Selects Radisys RAN Software

Business Wire India

Radisys® Corporation, a global leader of open telecom solutions, today announced that Japanese 5G player Hytec Inter is leveraging Radisys' Connect RAN software to enable its local 5G solution for private networks. Radisys’ 3GPP-compliant Connect RAN 5G solution enables an elastic and agile 5G network tailored to meet the unique requirements of diverse 5G applications with minimized CAPEX, improved time-to-market, and shortened time-to-revenue. Hytec Inter distributes 4.9 GHz long distance wireless access systems, private LTE (local 4G), and develops 4K video encoding/decoding, ultra-Low Latency narrowband video transmission systems and local 5G solutions.

 

News Highlights

 

• Radisys and Hytec Inter have developed a local 5G platform solution that enables rapid optimization for high resolution video for AI/DX (digital transformation) applications, geared towards small and medium-sized deployments and adaptable for on-premises configurations.
• Radisys’ industry-leading, feature-rich Connect RAN Software coupled with Hytec Inter’s 4K LLC, an ultra-low latency 4K video platform with a proprietary bandwidth management system, is optimized for 5G uplink transmission and promises significantly reduced time-to-market for customers.
• Radisys’ Connect RAN 5G Software is compliant with specifications from 3GPP, the Small Cell Forum, and the O-RAN Alliance, and it won the Small Cell Forum award for Outstanding Contribution to Small Cell Open RAN Platforms. The software is available pre-integrated and pre-validated on multiple industry-leading platforms to accelerate global 5G deployments.
   

“We are excited to partner with Hytec Inter to deliver an innovative solution for Japan's local 5G market deployments,” said Munish Chhabra, SVP and General Manager, Software and Services, Radisys. “Our multi-platform software will deliver the performance and latency requirements required by Hytec Inter’s customers that want to deploy their own 5G private network.”

 

“There is a huge opportunity for private wireless network solutions and we value this partnership with Radisys to bring local 5G to our customers,” said Norihito Asao, President and CEO, Hytec Inter. “Radisys is an industry leader in 5G software and its 3GPP compliant solution integrated with the Hytec 4K LLC will enable us to deliver exciting new applications for digital transformation. In particular, the ability to jointly deliver an on-premise configuration that allows our customers to have their own complete 5G network and allows us to offer a differentiated solution that supports our customers’ goals for latency, performance and control over their network.”

 

About Radisys

 

Radisys is a global leader in open telecom solutions and services. Its disaggregated platforms and integration services leverage open reference architectures and standards combined with open software and hardware, enabling service providers to drive open digital transformation. Radisys offers an end-to-end solutions portfolio from digital end points to disaggregated and open access and core solutions, to immersive digital applications and engagement platforms. Its world-class and experienced network services organization delivers full lifecycle services to help service providers build and operate highly scalable and high-performance networks at optimum total cost of ownership. For more information, visit www.Radisys.com.

 

About Hytec Inter

 

Hytec Inter is an industry leading distributor and developer of communications and networking equipment in Japan. Supported by a highly experienced world class technical engineering team, Hytec delivers and provides full lifecycle support for premium end-to-end solutions in government, defence and industrial market sectors. Its 4K video solutions reliably and securely deliver low latency high quality video over challenging narrowband networks. Combined with providing secure and scalable high performance private 5G networks in demanding on-premise applications. For more information, visit www.hytec.co.jp

 

Radisys® is a registered trademark of Radisys. All other trademarks are the property of their respective owners.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220227005089/en/

Delhi-NCR Amongst the Fastest Growing Market in Office-Leasing by Startups

From a real estate perspective, startups are becoming a force to reckon with. As startups continue to take up more space in commercial offices, commercial real estate will have to adapt to cater to the needs of startups. Managed spaces are also observing more traction from startups not only in metro cities, but in non-metro cities as well.

Leading diversified professional services and investment management company, Colliers along with CRE Matrix have jointly released a report , ‘Startups Scale Up’, that states that the startups’ footprint has quadrupled over the last 5  years, contributing 10% to office occupancy today vs 3% in 2016.

"Startups to lease 29 million sq ft of space during 2022-24; amongst the fastest growing occupier sectors," said the report.

While global companies, followed by Indian conglomerates, remain the largest occupiers of commercial office space, startups are leasing space at a rapid pace. Startups have shown highest growth rate of 38% in the last 12 years in total occupied space as compared to other office occupiers. This is not only led by rapid expansion of existing startups, but also new enterprises.

About 49.7 million sq. ft. of space is occupied by startups as of 2021 across the top six cities - Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune, said the CRE Matrix-Colliers report.

Delhi-NCR is amongst the fastest-growing market in terms of leasing by startups. Delhi-NCR witnessed a three-fold increase in leasing by startups during 2021 on a YoY basis. The region benefits from being a catchment for education institutions in the North and East India, and strong infrastructure.

Mumbai has seen certain pockets of startup activity over the years. However, relatively higher rentals, and high cost of living are often seen as deterrents by early-stage companies.

Bengaluru continues to lead the market with a 34% share in leasing by startups 2019-21. A well developed ecosystem, deep technology talent, and a culture of entrepreneurship are major factors attracting startups here.

The workspace leasing demand will be led by fintech and logistics startups as they have gained momentum post-pandemic due to increased digital adoption and e-commerce boom, and hold a healthy pipeline in potential unicorns list. Additionally, increased digital adoption, availability of a deep talent pool, favourable government policies and funding options from venture capitalists are steering thegrowth of startups.

Startups' Choices of Leasing

Locations close to the CBDs and in proximity to established residential areas are preferred by startups. Locations close to other companies, research institutes/universities are ideal.

Plug & Play offices - High prices can be a challenge for startups since many are constrained by limited
cashflows or access to capital. Startups typically prefer plug and play flex space.

Collaborative culture - Informal spaces and interactive areas in the workspace.

Scalability - Startups are volatile in nature and may scale up and down quickly. Hence, they prefer spaces with expansion options

Standard deal size

• Early-stage startups - 5,000-10,000 sq ft
• Late-stage startups – 30,000 – 35,000 sq ft

The data for this report has been sourced from CRE Matrix for deals above 10,000 sq feet of traditional office space in top 6 cities. The deals include all registered office leases which have been executed since 2010, sized >10,000 sq. ft. in chargeable area, in all grades of office buildings. Cities covered by this report include -- MMR (Mumbai, Thane, Navi Mumbai), NCR (Delhi, Gurgaon, Noida), Bengaluru, Hyderabad, Chennai and Pune.

A Home-Grown Brand with an Exemplary Story - Kajaria

Business Wire India
Ranked as India's number one Tile company, Kajaria's brand story is enthusiastically inspiring. While most stories of successful brands are impelling, Kajaria's is genuinely stimulating because of its dramatic growth rate. It is not an age-old company with a legacy to rest upon. Starting in 1985, Kajaria is not more than three decades old. Making humble beginnings, the path traversed by the brand so far has been about innovations, strategizing, winning clients, and retaining them optimally. Kajaria is an indigenous brand started by a visionary Shri Ashok Kajaria, the Chairman and Managing Director of Kajaria. 
 
Accomplishments 
The achievements narrate the story themselves. It is for everyone to see. Rising literally from the dust, the company takes pride in its humongous manufacturing capacity. Ten production plants spread across three Indian states - Uttar Pradesh, Gujarat, and Andhra Pradesh. The company has eight tile plants, one faucet plant, and one sanitaryware plant. The company's total production capacity is 70.40 million sq. meters per annum. 
 
The company is the eighth largest tile manufacturing company globally. It is also the only Indian tile company that has won the accolade of Superbrand twelve times consecutively. It is a distinction only sixty brands in India have achieved so far. 
 
Kajaria has received numerous international awards and recognition, including the Most Promising Brand of Asia in the Premium Tiles category based on data collated by iBrand 360. The trust built over the years comes from the brand's commitment to quality and standardization, through and through. The company has invested handsomely in getting accreditation from the world's best bodies, including ISO - 9001:2008, ISO - 14001, ISO - 22000:2005, and ISO - 50001:2011. The company has also received the Indian Green Building Council (IGBC) Green Homes certification for engaging in green building practices. 
 
The story so far encompasses organic growth.
In 1985, Shri Ashok Kajaria collaborated with Todagres of Spain to agree on technical knowledge transfer and training. The first plant was set up at Sikandarabad in Uttar Pradesh in 1988. Over the years, new plants were opened to increase production capacities phenomenally. 
 
Later in 1999, both his sons, Shri Chetan Kajaria and Shri Rishi Kajaria, joined the company. Kajaria has grown by leaps and bounds as it strengthened its market intelligence. Based on market insight, the company started its import division, where it garnered vitrified tiles to meet the increasing demand for this product line in India. The tiles were imported from Spain, Italy, and China. Later the company opened its own vitrified tile manufacturing unit in India to cater to its customers.
 
By 2016, the brand signed in Mr. Akshay Kumar, Bollywood's top actor, as its brand ambassador. The tagline,' Desh ki mitti se bani tile se Desh ko banate hain' etched an indelible impression on every patriotic Indian's mind. In 2017, Anushka Sharma was endorsed for sanitary and faucets range, Kerovit, and in 2018, Ranveer Singh joined the bandwagon as the official brand ambassador of Kajaria plywood. In 2021, Ranveer Singh joined forces with Anushka Sharma on the Kerovit campaign.
 
A brand that leads from the front
1600 dealers, including 400-plus exclusive Kajaria showrooms across the length and breadth of the country, translates into the brand's tiled footprint in the domestic landscape. The lives of three thousand plus individuals and their families are intertwined with the brand's growth. The brand offers five major product lines - ceramic wall and floor tiles, glazed vitrified tiles, polished vitrified tiles, Kerovit faucets & sanitaryware, and Kajaria plywood and laminates ensure product choices for customers across varied socio-economic backgrounds.
 
Kajaria exports its innovative products to 25 countries as a leading tiles company globally. The brand is now present in almost all the world continents and is reckoned by customers for its top-quality, resilient, aesthetic range of tiles, faucets, and plywood. 
 
It, nonetheless, is not the end of the road for an indigenous brand that is an exemplary showcase of grit, determination, and success. It is the beginning. With its corporate achievements, Kajaria has been equally committed to Corporate Social Responsibility. From the conservation of natural resources to contributing meaningfully to the Swach Bharat mission, promoting sports and rural development, CSR has been weaved into every dimension of Kajaria's existence. 
 
It is a story that every Indian is proud of because the 'Made In India' sentiments are proven by brands like Kajaria, time and again.

Mavenir Showcases End-to-End 5G Core Including IMS and Automation Hosted on AWS

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Business Wire India

Mavenir, a network software provider building the future of networks with cloud-native software that transforms the way the world connects, announced today that it will be showcasing Amazon Web Services’ (AWS) cloud-hosted 5G core network for various 4G/5G use cases at Mobile World Congress 2022. Mavenir is already working with customers for trials and deployment of Mavenir’s end-to-end solution on AWS.

 

Mavenir will deploy the cloud-native packet core, IMS, voice, messaging, and orchestration components hosted on AWS. The solution will use Mavenir’s Digital Enablement platform as a front end for overall service management, providing customers with an interface for self-service management. The pilot is focused on the ease of placing a network order through the self-service interface, leading to the deployment on AWS. This includes the chaining of multiple network layers, deployment actions, and configuration of network functions, thus reducing the overall service design and deployment times.

 

This Mavenir pilot for cloud-based services rollout and management for Communication Service Providers (CSPs) paves the way for automated deployment using pre-integrated and end-to-end validated solutions on AWS. It showcases reduced time for setup and integration and a low cost of ownership for rapid service trials and rollouts. The solution targets CSPs looking to take advantage of public cloud technology with reliable, carrier-grade, high-performance solutions with security and on-demand scaling. The solution is flexible, and operators will be able to pick and choose among the available solution components and enhance it with optional integration with on-premise workloads per their needs. Mavenir is also offering advance features and capabilities like network slicing as part of the service.

 

“As part of Mavenir's strategic focus on public cloud readiness for telcos, building this relationship is a step towards lowering Total Cost of Ownership (TCO) and speed up rollouts. The public cloud-based network solution, consumed as a service, brings in desired time to market, responsiveness, flexibility, and features like slicing will allow operators to extend their offering to industries and enterprises," said Bejoy Pankajakshan, Chief Technology and Strategy Officer at Mavenir.

 

“Many of our telco customers are eager to leverage the power of cloud to optimize service rollout and management, and to modernize their operating models as the current approaches make it time-consuming and expensive to design, scale, and manage their networks,” said Jan Hofmeyr, Vice President, EC2 Edge at AWS. “With this, AWS and Mavenir are making it simple, quick, and less expensive to set up telco networks at scale using pre-integrated solutions.”

 

About Mavenir:

 

Mavenir is building the future of networks and pioneering advanced technology, focusing on the vision of a single, software-based automated network that runs on any cloud. As the industry's only end-to-end, cloud-native network software provider, Mavenir is focused on transforming the way the world connects, accelerating software network transformation for 250+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. www.mavenir.com

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220227005112/en/

Open Finance Startup Upswing Raises $4 Mn from QED Investors

Round led by the global fintech VC, top fintech founders participated

Upswing Financial Technologies, an open finance B2B ecosystem enabler, founded by ex-bankers Anupam Bagchi and Nihar Gupta, has raised $4 million from marquee global fund QED Investors and a clutch of renowned fintech founders.

QED, a fintech-focused fund whose investments feature 25 unicorns globally including Nubank, Credit Karma and SoFi, was co-founded by Nigel Morris, who previously co-founded Capital One.

The funding will be used by Upswing in building plug-and-play platforms for open finance and help fintechs and consumer tech players offer financial services seamlessly. The company is working with a few leading banks on the stack which will go live in a phased manner in 2022.

Every company today has an opportunity to extend financial services to make banking experiences more consumer centric. Anupam Bagchi, Co-Founder, Upswing said, “In this decade of banking, consumers will opt to access their financial services from any digital interface, which may necessarily not belong to a bank. Upswing’s open finance-as-a-service platform is highly customisable, simple and modular and will significantly reduce the integration efforts of consumer tech players to launch financial products like savings accounts, deposits and lending services.”

Nihar Gupta and Anupam Bagchi - Co-Founder Upswing

 
"We are thrilled to join Upswing on this journey,” added Sandeep Patil, Partner and Head of Asia at QED Investors. “In the coming decade, consumer companies will ubiquitously offer banking and financial products. Upswing will be a vital ecosystem player providing consumer-centric solutions as well as the right compliance and security infrastructure. Anupam and Nihar bring deep sector experience and complementary expertise. We have no doubt that they will assemble an all-star team to tackle this vital mission.”

“We feel a deep understanding of the banking world is a prerequisite to make a nuanced open finance platform, said Nihar Gupta, Co-Founder, Upswing. He added, “Our extensive understanding of banking systems and fintech needs will help us in building platforms, which will essentially empower the financial institutions with greater reach. It will allow consumer tech players to offer differentiated financial products in a much shorter timeframe of weeks instead of months, sometimes even years.”

Leading fintech founders like Kunal Shah of Cred; Jiten Gupta of Jupiter; Rajan Bajaj of Slice; Lalit Keshre of Groww; Anurag Sinha of One Card; Shivashish Chatterjee of DMI Finance, Kunal Bahl of Snapdeal, Sumit Gwalani and Sujith Narayanan of Epifi also participated in the round, reaffirming the need to build an ecosystem of open finance.

The round also saw participation from funds like Better Capital, Amara VC, Multiply Ventures, Capier Investments, Utsav Somani from AngelList.

Prior to Upswing, Anupam and Nihar were senior career bankers with institutions including Kotak, Axis, Standard Chartered and NPCI. They also helped build neobank Jupiter in their leadership roles.

About Upswing

At Upswing, our mission is to build a more efficient, customisable and inclusive infrastructure which will enable the next wave of innovation in financial services. Open banking is a reality of this decade and it needs robust, customisable and secure rails to run on. We want to leverage our experience to simplify the processes for consumer companies to integrate directly with banks to provide financial services to their customers. Our simple and powerful banking-as-a-service stack will help companies launch new banking products in weeks, not years.

About QED Investors

QED Investors is a global leading venture capital firm based in Alexandria, Va. Founded by Nigel Morris and Frank Rotman in 2007, QED Investors is focused on investing in disruptive financial services companies in the U.S., the U.K. and Europe, Latin America, Southeast Asia and Africa. QED Investors is dedicated to building great businesses and uses a unique, hands-on approach that leverages our partners’ decades of entrepreneurial and operational experience, helping their companies achieve breakthrough growth. Notable investments include AvidXchange, Bitso, Current, Creditas, Credit Karma, Kavak, Klarna, Konfio, Loft, Nubank, QuintoAndar, Remitly and SoFi.

Dexalot Raises $7M to Build Order Book DEX on Avalanche Led by Blizzard Fund

Dexalot, a new project building a decentralized order book exchange on Avalanche, has collected $7 million in funding led by Avalanche’s Blizzard Fund (“Blizzard”) and with participation from a number of Avalanche ecosystem players and DeFi investors.

In addition to Blizzard, Avalanche ecosystem investors include Avalaunch, Colony, Benqi, AVentures, and Avascan. Other partners who joined are Republic Capital, GSR, Muhabbit Capital, Woodstock Capital, Maven Capital, and IPC.

Dexalot is a Central Limit Order Book (CLOB) exchange running on the EVM-compatible Avalanche C-Chain, aiming to plug the hole in the niche of Avalanche DEXs, which are so far only AMM-based. While Automated Market Makers have seen enormous success, they remain suboptimal for expert users due to uncertain price execution, high slippage and low capital efficiency for market makers. To offer a valid alternative, Dexalot offers a classic CLOB system to ensure users get to place orders at precise price levels and guarantee optimum execution.

Additionally, Dexalot is aiming to solve a myriad of issues associated with tokens listing on AMMs through Dexalot Discovery. Dexalot Discovery will combine the CLOB with a novel auction system, which will allow investors (seed, private, IDO and public) to enter no slippage orders over the course of a period (hence eliminating the speed advantage of bots), enable users to see buy and sell demand very transparently, and match buyer and sellers fairly at the end of the process.

Users can send limit orders that operate sequentially: each placed order is either treated as a “taker” (depending on its price and remaining liquidity) and instantly matched, or it’s placed as a “maker” order on the order book. The system is not all-or-nothing, so taker orders that can only be filled partially are then placed as maker orders for the remainder of the liquidity. Price insensitive market orders will also be turned on for certain pairs.

Dexalot has been operating on testnet since August 2021, registering more than 250,000 transactions and over 12,000 unique wallets who interacted with the testnet. The members of the community who use the exchange will be included in the project’s governance, ensuring a community-led spirit from day one.

"We’re very excited to receive support from everywhere across the Avalanche ecosystem,” said Nihat Gurmen, CEO of Dexalot. "Dexalot wants to create a truly transparent, community-owned crypto exchange where users can trade assets at the capital efficiency of central exchanges with the same or better user experience."

"Dexalot is pioneering a new generation of decentralized exchanges, enabling users to trade any asset with low fees, zero slippage, and efficient price discovery. Most chains lack the capacity and velocity to maintain an on-chain order book, forcing users to settle for poor trade execution. Dexalot capitalizes on Avalanche's speed to deliver a peerless user experience," said Emin Gün Sirer, Director of the Avalanche Foundation.

"As a central limit order book, Dexalot introduces new functionality to the ecosystem and seizes the opportunities unlocked by Avalanche's near-instant finality. The Blizzard Ecosystem fund is excited to support Dexalot as it is quickly positioning itself as a crucial application for users across the Avalanche community," added Lydia Chiu, Blizzard the Avalanche Fund.

About Dexalot

Dexalot is a revolutionary decentralized exchange aiming at bringing the traditional centralized exchange look and feel to a decentralized on-chain application. Its mission is to bring a truly inclusive and transparent environment where Dexalot users can trade crypto securely and efficiently, with no slippage or custody risk. It is built on Avalanche, the fastest smart contracts platform in the blockchain industry.

Wemade Unveils New Staking Game for MIR4

https://ift.tt/fviVR87

Business Wire India

Wemade has unveiled a new NFT character staking game, MIRAGE, expanding the multiverse of its widely acclaimed MMORPG game, MIR4.

 

Wemade has unveiled new staking game for MIR4, MIRAGE. MIRAGE is a revolutionary staking game set in a parallel universe that exists separately from MIR4 while still interlinked with the ecosystem powered by Draco. Players can enlist their NFT characters from MIR4 on the web-based MIRAGE world in order to mine various Hidden Valley nodes for Darksteel and Septaria. MIRAGE offers a new approach to staking, built on the fundamentals of macromanagement through the gamification of character NFTs as playable assets. (Graphic: Business Wire)

MIRAGE is a revolutionary staking game set in a parallel universe that exists separately from MIR4 while still interlinked with the ecosystem powered by Draco. Players can enlist their NFT characters from MIR4 on the web-based MIRAGE world in order to mine various Hidden Valley nodes for Darksteel and Septaria. MIRAGE offers a new approach to staking, built on the fundamentals of macromanagement through the gamification of character NFTs as playable assets, thereby expanding the range of economic activity within the MIR4 ecosystem.

 

Players will need a WEMIX Wallet account to participate and must enlist one or more NFT characters to their MIRAGE roster. Those without a MIR4 game account can still participate by logging in to the WEMIX Wallet.

 

Entrance to MIRAGE’s Hidden Valley requires Vigor, which can be obtained in exchange for Hydra, a game token in MIR4. There is a maximum number of characters that can be staked in each Hidden Valley, and, once a Hidden Valley is full, other players can attempt to ‘Assault’ the weakest character NFT in the valley. If the attack is successful, the staking of the lowest ranked NFT character is removed and that NFT character has a chance to become wounded, which temporarily restricts the wounded character from re-entering the Hidden Valley. Up to five NFT characters can be staked in each Hidden Valley, and if more than two characters are placed, then additional party bonuses will be given.

 

Wemade will continue to develop exciting new systems to expand MIRAGE, the multiverse of MIR4, and build the inter-games ecosystem.

 

Reference

 

Wemade offers a global blockchain platform, WEMIX, on which games of all genres can be transformed into blockchain games. Many games are currently being serviced on WEMIX, and it aims to service 100 games whose key currency is WEMIX Token prior to 2022 year-end.

 

MIR4 Mirage Youtube Link: https://www.youtube.com/watch?v=m05v3jHvL6E 


Photos/Multimedia Gallery Available: https://www.businesswire.com/news/home/20220224006143/en/

Bluehole Publishes an Article on the World’s Thinnest Ceramic Coil Vape Pod Solution, FEELM Air

Business Wire India

China’s leading vaping media, Bluehole New Consumption, today publishes an article on the world’s thinnest ceramic coil vape pod solution, FEELM Air.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220227005174/en/

 

FEELM Air, equipped with the world's smallest linear motor (Photo: Business Wire)

Here below is the full article in English:

 

"E-cigarettes look simple, but are actually very sophisticated. Small alterations in structure and technique could bring profound changes to the product experience"--- Christ Lee, Product Manager of FEELM Air.

 

On Jan 18, 2022, FEELM, the flagship atomization tech brand belonging to SMOORE, has unveiled the world's thinnest vape pod solution with ceramic coil, FEELM Air in London. It has been 6 years since the launch of first generation of FEELM vaping solution. Compared with previous generation, the thickness of FEELM Air is reduced by 25% to 7.8 mm. It features 7 major breakthroughs in vaping experience, including ultimate design, improved harm reduction performance, authentic flavor reproduction and joyful interactive experience. This solution is expected to lead a new trend of ultra-slim smart device in the global vaping industry.

 

As the world's largest vaping manufacturer, SMOORE has conducted a number of global consumer researches by virtue of its worldwide customer base and partnership with world's leading vape brands. With in-depth insights into consumer behaviors, SMOORE found that the ultra-slim device will be the future of the industry.

 

As a new tech gadget, the vaping device nowadays has been accepted as a consumer electronics product, more than a tobacco product. “The evolution of mobile phones, laptops, tablets, and all other consumer electronics shows a trend towards miniaturization and sophistication,” said Christ Lee, Product Manager of FEELM Air. “Based on our understanding on consumer electronics, we came up with the idea of making an ultra-slim closed system vaping product.”

 

Bringing the Idea into Being

 

It is feasible to create the world’s thinnest vape pod solution only under the premise of developing a compact but powerful ceramic coil. Therefore, FEELM has involved over 500 scientists for more than 2,500 days to bring such heater into being.

 

FEELM has overcome a series of technical challenges during the development. Most of them come from the requirement for better performance while the available space in the 7.5 mm device is very limited.

 

Above all, it is challenging to design a smooth airflow passage in such compact pod since e-liquid and the heater have already occupied certain space, thus FEELM has applied Computational Fluid Dynamics to optimize its airflow passage structure.

 

Moreover, it has higher requirement for the forming technique to make an Ultra-slim Bionic Film Ceramic Coil. FEELM Air has leveraged Nanoscale Vacuumed Film-forming Technique to make the heating film of the coil distributed more evenly. Besides, it has the world’s first 7-layer composite heating film made of bionic materials, with each layer leading to a correspondingly enhanced functionality.

 

In order to utilize the compact space, FEELM also managed to create the world's smallest linear motor with an ultra-long lifespan of 150 million cycles along with suppliers, thereby facilitating the technological innovations of the supply chain.

 

Meanwhile, FEELM Air is equipped with the industry’s first super power management system “TOPOWER™”, which allows 10-minute charge for 8-hour vaping. Its energy density is increased by 20% and battery life is increased by 30%. More importantly, FEELM Air improves an overall harm reduction performance by 80%, compared with last generation.

 

Changing the Vaping Industry

 

As a revolutionary vaping solution, FEELM Air could reverse the underestimation of the technological sophistication of vaping devices, convincing the public that electronic atomization products are high-tech innovations.

 

In a bid to develop this cutting-edge vaping solution, SMOORE has been fully committed to fundamental research. Since 2015, SMOORE has been acquiring global talents from different scientific backgrounds, including aerosol science, engineering thermophysics, biomedicine, and Materials chemistry; and has established 15 research centers around the world for the cross-disciplinary research on atomization science.

 

Moreover, in December 2020, FEELM introduced the world's first Taste Evaluation Model, establishing a scientific system to evaluate vaping experience. In 2022, FEELM sensory evaluation team has further developed the model. Now, the second generation of FEELM Taste Evaluation Model is composed of 5 dimensions, namely Aroma, Vapor Property, Impact, Taste/Mouthfeel, and Aftertaste, with 65 specific indexes.

 

Furthermore, FEELM Air has improved the intelligence of electronic atomization products, thereby leading a revolution of human-device interaction in the industry. Just like the debut of Siri on iPhone 4s in 2011, it is the industry's first to adopt a linear motor in vaping devices. In contrast to traditional rotor motors, FEELM Air's linear motor can provide more delicate and customized vibration modes for different scenarios, such as charging and puffing.

 

"The industry is already full of homogenous products," said Steven Yang, Senior Director of FEELM R&D. "FEELM attempts to distinguish itself from others by taking a differentiation strategy to develop an ultra-slim and exquisite solution. Committed to minimalist aesthetic and ultimate design, we benchmark ourselves against Apple in the consumer electronics sector." As a consequence, FEELM Air has been granted "Silver Winner" of MUSE Design Awards 2021.

 

For years, FEELM has focused on exploring more human-device interactions on vaping devices. According to Steven Yang, future FEELM products will adopt more advanced algorithms to enable intelligent heating and temperature control, so as to match with different e-liquids for better flavor reproduction and further improve harm reduction performance by preventing localized over-heating.

 

The Future with FEELM

 

As an industry pioneer, FEELM has been taking the lead in conceiving the next generation of product form. Since the launch of the first black metallic film ceramic coil in 2016, FEELM has a significant impact on the research and manufacturing of closed system vaping products, ushering in a new era of ceramic coil.

 

As Steven Yang said, the technology strategy of FEELM is commercializing a generation with the next generation in development and a cutting-edge technology as backup. Early in 2015, FEELM has already initiated the development of FEELM Air and its Ultra-slim Bionic Film Ceramic Coil.

 

FEELM Air is the just the beginning of FEELM's self-revolution. Moving forward, FEELM will expedite the launch of new technologies, aiming to introduce at least a new one every year. As the future vaping market becomes more segmented, FEELM is going to cater for diversified market segments and different customer groups by expanding its technology portfolio.

 

The following is the original article in Chinese: https://bluehole.com.cn/news/detail/48542

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220227005174/en/

Junior Science Premier League for School Students by AI School of India

AISI's JUNIOR SCIENCE PREMIER LEAGUE – A contest for SCHOOL STUDENTS conducted by AI School of India

Presenting AISI Young Scientists!!! An excellent opportunity to showcase their skills and Scientific know-how. On account of National Science Day 28 February 2022, we at AISI would like to commemorate the occasion with AISI's Junior Science Premier League for School Students

Theme: Integrated approach in science and technology for a sustainable future.

 

Registration and Submission: The contest is open for children between 5 years of age upto 16 years. Students can submit their projects to info@aischoolofindia.com or Whatsapp at +91 93821 55525 along with your Name, Mobile number, Email, Age, Project Name, Project photo, and Video before the 6th March 2022.

Participants will have to make a science model and demonstrate its purpose and functioning through a video.

Win Special Gifts and Certificates.

Start working on your project and submit your entries now. See you on the 10th of March. Stay tuned.

Key points to win:

Introduce yourself and your project with output via a 30-60sec video.

While making the entry provide:

• A photograph of yourself
• A screenshot of your code/picture of your project
• An output image of your project
• The project video or A gist about your project in 30-50 words
• Check for the audio, video, and clarity of your project before submission.

About AI School of India

AI School of India is an online self directed and tutor led platform providing AI & coding to Indian students, teachers and in K12 schools.

We offer AI experiences to students and seek to empower children to explore, learn & create with AI in an age-appropriate environment.

We are committed to providing both educators and parents with the most up-to- date curriculum and resources to accelerate learning and help students build a strong foundation of STEM skills preparing them for the future. We work with researchers, institutions, and companies, to enable the latest AI tech to students around the world.

As one of the fastest-growing edtech companies in this space, we have a unique vision to increase access to AI & coding and empower the inventors of tomorrow through both classroom and at-home learning.

We believe that AI learning should be fun, creative, collaborative, ethical, empathetic, inclusive, purposeful & for social good.

Prof Deepak Dhar from IISER-Pune Becomes 1st Indian Physicist to Receive Boltzmann Medal

Indian physicist and Emeritus Professor at the Department of Physics, IISER, Pune, Professor Deepak Dhar becomes first ever Indian physicist to receive the prestigious Boltzmann Medal for his contribution in the field of statistical physics. Prof Deepak is one of the two physicists selected for the prestigious award, the second awardee being Prof. John Hopfield from Princeton University.

The award will be given during  International Conference on Statistical Physics - Statphys 28 - to be held in Tokyo from August 8 to 12.

We are so proud to tell that Prof. Deepak Dhar (Emeritus Professor) from our Department has been chosen for the Boltzmann Medal! The Boltzmann Medal is awarded once every three years by the Commission on Statistical Physics of the @IUPAP_physics. Many congratulations Deepak! pic.twitter.com/ilTi71EBLA
— IISER Pune Physics (@IiserPphysics) February 24, 2022

The Boltzmann Medal award honours outstanding achievements in Statistical Physics. The recipient should be a scientist who has not received the Boltzmann Medal or the Nobel Prize before.

Prof Deepak is also a Senior Scientist at National Academy of Sciences, India (NASI), which is the first Science Academy of India established in 1930. He is an alumnus of University of Allahabad and IIT Kanpur.

The Boltzmann Medal is awarded once every three years by the Commission on Statistical Physics of the C3 Commission on Statistical Physics of the International Union of Pure and Applied Physics (IUPAP) at the Statphys Conference.

Prof Dhar will receive the medal for his seminal contributions to several areas of statistical physics, including exact solutions of self-organized criticality models, interfacial growth, universal long-time relaxation in disordered magnetic systems, exact solutions in percolation and cluster counting problems and definition of the spectral dimension of fractals.

To recall, in May last year, Young scientists at the IISER of Bhopal have invented 'Oxycon', an oxygen concentrator for supplying Oxygen to Covid-19 patients, at a reasonable price of under INR 20,000. Oxycon is claimed to supply 95% pure oxygen.

Principal Scientific Adviser to the Government of India, K VijayRaghavan also tweeted, saying --

Professor Dhar is one of the brightest physicists around. He shares the prize with John Hopfield, of whom the same can be said. From Allahabad University, IIT Kanpur, California University and then TIFR, he has left a great imprint in each place.

More Information at IISER website

3 Master Data Examples and Explanations

Business owners of all sizes and sectors recognize the importance of the data they have on hand to make important decisions to forward their companies. Through master data management, businesses ensure that their shared data is consistent and accurate, delivering the best insights based on that data quality. Along with reference data, companies in various disciplines can better get through their business processes to stand out in the marketplace. Here are just some of the examples of master data.

1. Operational Master Data

One of the great master data examples is from an operational point of view, where master data typically represents transactions and the entities involved. In an order-to-cash process, a customer will buy a product from a retailer using an asset like a self-service kiosk. Information like the product, location, and assets are all examples of master data that the retailer may turn to in uncovering deeper insights into their business transactions. While the systems that hold this data usually don't record transactions, they hold consistent information within that data domain regarding business processes.

This form of master data management for operational systems allows companies to comb through receipts and invoices to uncover what's driven efficiency throughout their organizational structure. MDM offers a centralized perspective on products, with real-time data delivering accurate information on inventory. This helps end-users get a better grasp on how to improve their current supply chain. Timely information will support decisions and actions made by the applications, processes, and people that run your company.

2. Analytical Master Data

From the perspective of business analytics, master data are the entities that an organization tracks or examines. A user-friendly dashboard may use transaction data from each financial account tied to a location of a distributor or retailer. With MDM processes in this instance, a report could provide details by reporting on customers' attach rates to a product portfolio. The systems that hold master data usually don't have transaction details, holding conformed dimensions and attributes. Accurate master data uses analytical tools to properly aggregate and analyze the information.

In this analytical understanding of master data, businesses can access reliable and complete information to address all customer touchpoints of essential data. MDM can provide a consolidated source for companies to uncover insight into data processes between customers, products, and relationships. This accurate data system helps to increase revenue by responding to what the customers need based on various identifiers. With a better understanding of the customer base, companies from the corporate level to small businesses will understand how to make the most of their valuable insights.

3. Master Data Governance

From a governance perspective, master data are the entities that are subject to control by data scientists. Privacy regulations often dictate how to go about curating customer, employee, or patient data. Assets and locations are governed by risk management policies. From accounting regimes to financial regulations, these hierarchies not only influence design but the view of master data. The systems that hold master data usually don't record policy and governance details, but they often have the entities that define the scope for your data governance program.

Centralized and complete master data management programs help to reduce costs associated with compliance reporting and penalties. With the right MDM systems, fewer vendor and product compliance issues spring up, translating to faster new product introductions. With the right master data quality and MDM strategy, innovations can arise in productions or even in the workflow to make the products and services come to life. Through proper categorization and understanding of the data at your disposal, master data management can elevate companies of any size to new realms in their respective marketplaces.