Nasscom hosts summit on big data, analytics in Bengaluru
Bengaluru, July 11: Indian IT industry's apex body Nasscom on Wednesday unveiled the 6th edition of its Big Data and Analytics here to highlight their disruptive role in development of AI (Artificial Intelligence) worldwide.
"The two-day event hosted leaders conferring to the paradigm shift from being an industry-wide disruptor to business-as-usual witnessed by India Inc," said the National Association of Indian Software and Services (Nasscom).
With "Democratising AI" as the theme, the summit had experts brainstorm on the integration of newer technologies like AI, Machine Learning and Design Thinking into business models.
"Data science and AI technologies allows harnessing complex, high volume, high speed data into insights for decision making, emerging as the one of biggest growth opportunities for India to capitalise on," said Nasscom Vice Chairman Keshav Murugesh at the summit.
As new digital economies straddle across industries, there is demand for AI-based servers and computing capabilities. The capacity of workers to master these new skills and availability of talent will be key driver of competitiveness in the Big Data and Analytics industry.
The participants also focused on embedding AI into business processes (back office), supply chain application, data protection in the age of AI and man-machine interface.
The industry body identified six areas of specialization, spanning business analysts, solution architects, data architects, analysts and scientists, in the Big Data Analytics domain which are expected to be key to sectors growth.
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Three company directors held in Rs 100-crore investment fraud in Kochi
Kochi (Kerala) (PTI): Police on Sunday arrested three directors of a firm accused of cheating hundreds of investors of over Rs 100 crore through a fake investment scheme linked to agricultural tourism here, officials said.
The accused were identified as Muraleedharan, Ashik Murali and Akhil Murali, all natives of Thrissur.
The arrests were made by the Kalamassery police in connection with a fraud involving ATCOS (Agri Tourism Cooperative Society), a firm headquartered at Pathadipalam here.
Police said the company had promised high returns by collecting investments from the public in the agricultural tourism sector, but allegedly cheated hundreds of people and fled with the money.
ATCOS was registered under the Multi-State Cooperative Societies Act and operated 13 branches across various districts in Kerala, besides a branch in Coimbatore in Tamil Nadu, officials said.
When investors failed to receive their promised returns or the invested amount, complaints were filed with the police.
Officials said around 54 cases have been registered against the firm in 32 police stations across the state, including 29 cases at the Kalamassery police station alone.
Following instructions from Kochi City Police Commissioner K S Mahesh Kumar, a special investigation team was formed under the supervision of Deputy Commissioner of Police (Law and Order) Shehensha and Thrikkakara ACP Manoj Kumar.
The team traced the accused to an apartment in Amala Nagar in Thrissur, where they had been hiding after secretly renting the flat, officials said.
The bank accounts of the accused have been frozen, and steps have been initiated to trace their assets, officials said.
Police also conducted a raid at the company’s office at Pathadipalam and seized several documents related to the case.
The accused were produced before the Judicial First Class Magistrate Court in Kalamassery, which remanded them to judicial custody and sent them to Kakkanad jail.
Police said they would seek the custody of the accused for further interrogation as the investigation continues.
