CHANNEL NEWS

In 2023, startups encountered difficulties securing funding, prompting a significant change in their priorities. A survey by Innoven Capital found that, in response to the funding challenges, 62% of founders shifted their focus from growth to financial responsibility, profitability, and exit strategies. This marked an increase from 55% in 2022 and 17% in 2021. SaaS and fintech founders, particularly those …

Cross Identity, a leading player in Identity and Access Management solutions, introduces Privileged Identity and Access Management (PIAM), a pioneering software that integrates access management, access governance, and administration for privileged users. This launch redefines privileged user management in the dynamic cybersecurity environment. PIAM stands out by providing a comprehensive approach to privileged user management, covering provisioning/deprovisioning, access requests to …

Equinix has launched the Equinix Fabric Cloud Router, a virtual routing service designed to streamline multicloud networking for enterprises. This new service enables easy connectivity between applications and data across various clouds and on-premise deployments. Equinix Fabric Cloud Router offers an enterprise-grade, multicloud routing solution that is simple to configure and can be deployed in under a minute. It leverages …

Hewlett Packard Enterprise (HPE) showcased edge-to-cloud innovation at HPE Discover More Mumbai, a local edition of its annual flagship event. With the theme “Modernize Your Business, Edge to Cloud,” the event highlighted trends from previous announcements in HPE Discover Las Vegas 2023 and HPE Discover Barcelona 2023. Focused on sustainability, artificial intelligence (AI), and hybrid cloud solutions, the event gathered …

In the latest financial report for Q3 FY 2023-24, Sify Technologies showcased both triumphs and challenges. Despite a 3% decrease in revenue compared to the same quarter last year, the company experienced a commendable 4% increase in EBITDA. However, losses before and after tax were incurred, primarily due to higher depreciation and interest costs, contrasting with a net profit in …

World Wide Technology, a formidable $20 billion IT giant, is at the forefront of assisting global clients in developing and implementing artificial intelligence solutions. Jim Kavanaugh, the CEO who has led the company for over 30 years, emphasizes the revolutionary impact he believes AI will have on mankind. The rapidly evolving AI landscape presents both customer opportunities and challenges, as …

This collaboration is a key component of Cognizant’s internal innovation initiative, Bluebolt, aiming to boost creativity and problem-solving capabilities among its diverse teams. The Innovation Assistant, positioned at the core of Bluebolt, enables Cognizant employees worldwide to actively participate in the innovation process, utilizing generative AI for idea generation and implementation. Ravi Kumar S, Cognizant’s CEO, sees the Innovation Assistant …

Kyndryl, the largest global IT infrastructure services provider, has entered into a partnership with Canara Bank, a prominent public sector bank in India. The collaboration aims to optimize Canara Bank’s business services, streamline operations, and modernize its IT infrastructure. As the trusted IT partner for Canara Bank, Kyndryl will enhance the bank’s end-to-end IT operations, covering core banking, IT infrastructure, …

Seagate has reached a significant milestone with its 30TB+ hard drives, marking a pivotal moment in the storage industry. The Mozaic 3+ platform, powered by Heat-Assisted Magnetic Recording (HAMR) technology, achieves unprecedented areal densities of 3TB+ per platter, with plans for 4TB+ and 5TB+ in the future. Seagate’s Exos® product family, utilizing the Mozaic 3+ platform, now offers industry-leading capacities …

Vedanta Aluminium has renewed its commitment to empowering the youth of India through various avenues for progress. On National Youth Day, the company reiterated its dedication to supporting the advancement of young individuals in diverse fields. Vedanta Aluminium, as India’s largest aluminium producer, is implementing a two-pronged approach to create extensive employment opportunities and empower youth from local communities through …