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From being alerted to potential maintenance issues via remote vehicle diagnostic monitoring to automated calling for emergency breakdowns or targeted offers and infotainment content designed to enhance the overall travel experience, there are no shortage data-enabled use cases that focus on providing drivers and passengers new features and services.
Data is quickly becoming the new ‘fuel’ for the automotive industry. Forward looking automakers envision a future in which they have the ability to combine and analyze various pieces of information from different vehicle systems to reveal things like driving habits, frequently visited locations, tastes in music and numerous other insights into consumer behavior.
For the consumer on the other hand, assuming they are open to it, there are a plethora of benefits that can come from providing ready-made access to their data.
From being alerted to potential maintenance issues via remote vehicle diagnostic monitoring to automated calling for emergency breakdowns or targeted offers and infotainment content designed to enhance the overall travel experience, there are no shortage data-enabled use cases that focus on providing drivers and passengers new features and services.
However, as a 2017 McKinsey & Company Car Data Monetization Survey notes, “No matter which features car data can make possible, capturing value from them is not feasible if consumers do not see the benefit” and perhaps most importantly, “customers must trust that the data they share will be held and used responsibly.”
As our CEO and Executive Chairman, John Chen said before ; “The inevitable implications of a data-driven economy are right in front of us and we now stand before a moral, ethical and public policy crossroads. How we collectively decide what the rules of the game for this new data-driven economy is, I would argue, one of the most important issues facing global policymakers today.”
In the near future, drivers might buy or rent software-powered services for the weekend, such as enhanced navigation capabilities, blind spot detection or even engine management and suspension software to prep their high-performance car for a racetrack or road trip.
Car makers will receive so much data from their vehicles out in the field in real-time that they will be able to improve their future models, right down to what buttons to swap out of the dashboard because no one uses them. It may be hard to believe but today, manufacturers know little about their vehicles once they’ve left the dealership. With connected vehicles, data flows back to automakers, enabling software updates in real time.
Putting Data to Work
In the future, data from sensor-packed and connected vehicles could even be packaged and shared with cities. Data showing a lot of braking, for instance, on a cold morning may alert city officials to a dangerous patch of black ice that requires salt.
In all ways, automakers will look to leverage the data that vehicles produce. And that amount of data is growing exponentially as software and electronics become the key differentiators among like classes of cars. Lux Research says that by 2030, electronics and software will account for 50% of car costs, up from about 30% today while the software opportunity in autonomous cars will grow from less than one billion to $25 billion.
Modern luxury cars are already marvels of software and electronic engineering, containing on average more than 100 million lines of code and six to eight operating systems. Indeed, just one connected car will generate more revenue than ten conventional ones . Additionally, eight in ten auto industry executives say data will fuel future automotive business models and 83% believe they will make money off that data.
With data a highly sought-after commodity, and many big tech companies building their business models on monetizing data, it’s important to note that at BlackBerry, it’s our sworn principle and mission to protect data, not to exploit it. We simply move it, and of course do so securely, as opposed to use it or profit off of it.
Cybersecurity Risks Mount
Despite the exciting opportunities they present, connected cars increase cybersecurity risks and that challenge must be met for autonomous vehicles to reach their full potential. Attack surfaces are constantly being added to vehicles via elements such as sensors, automated steering wheels, brakes, accelerators, infotainment systems, mobile apps and wireless key fobs .
Like any other product or ecosystem, as the number of connected ‘things’ grows within a vehicle, so too does the attack surface and the threat potential.
In recent years, nearly every OEM has experienced some sort of hack, driving home the reality that security cannot be an afterthought or bolted on. It has to be baked into vehicles and their components at every stage of the process. That means securing the supply chain, using only trusted components, in field monitoring and responding quickly to issues.
DISCLAIMER: The views expressed are solely of the author and ETAuto.com does not necessarily subscribe to it. ETAuto.com shall not be responsible for any damage caused to any person/organisation directly or indirectly.
[Courtesy: https://auto.economictimes.indiatimes.com]
For Viji, a homemaker from Hosur, Tamil Nadu, the expenses of managing a six-member family on a single income was always a cause for worry. With three growing children making ends meet was a struggle.
Viji always sought opportunities to improve her family’s income. The Assistant Beauty Therapist course at the local Prabhat Livelihood Centre offered her the perfect opportunity to enhance her livelihood.
After completing her training at the centre, Viji set up shop at home. She offered basic beauty services, bringing in a few thousand rupees. Finally, her family began to see merit in her work and helped her apply for a loan to start a beauty parlour.
With several regular clients at her parlour, Viji’s business is running well. Their family income has tripled now.
Today, Viji has a team of six students at the parlour who help her manage the clients while she trains them. Viji aims to expand her parlour and offer advanced services to clients.
Project Prabhat, the *USLP-linked community development initiative of Hindustan Unilever Limited (HUL), aims to build sustainable and inclusive communities around HUL sites. In the last five years, through focussed efforts on enhancing livelihood, water conservation and health & well-being, it has touched 2.95 million lives across 30+ locations and has over 5000 HUL employee volunteers involved in it.
The Unilever Sustainable Living Plan (USLP) is our blueprint for achieving our vision to grow our business, whilst decoupling our environmental footprint from our growth and increasing our positive social impact. The Plan sets stretching targets, including how we source raw materials and how consumers use our brands. The plan has three big goals:
[Courtesy: https://www.hul.co.in/news/news-and-features/2019/project-prabhat-empowering-communities.html]
Aims to improve the quality of the real estate market in India
Mumbai, 29thMay, 2019: IndiaMLS, a company whose mission statement is to create the largest and most accurate database of property listings in India, has brought the greatest invention in real estate to India. The company does not take credit for inventing the MLS (Multiple Listing Service) of course, but it has brought and customized the MLS for the Indian market.
An MLS is the single most important real estate tool in western countries such as the US, and absolutely the need of the hour for the real estate industry here. The Indian real estate market is so fragmented, unstructured, and mired with junk data that visitors on real estate websites often call on property listings only to learn those listings are not even available. This happens because the source of the property is not verified, thus their data also cannot be verified for accuracy.
Founded by Jay Patel, who has 20+ years of real estate experience, IndiaMLS is a membership-based, professional software solution for brokers and builders. Due to its structure as a B2B company, not only does the MLS contain the most accurate sale or rental listings, but it also includes buyers’ requirements, creating a large database of buyers and sellers on one platform, similar to an exchange like the Bombay Stock Exchange. This allows sellers to quickly find buyers for their sale properties, making it the most effective marketing tool for the industry, unlike any other realty portal in India.
Considering the current scenario of the realty sector and property portals in this country, Jay Patel said, “Most real estate portals in India have so much junk data because they operate with a ‘Pay-Per-Listing’ structure which essentially means people can advertise whatever they want as long as they are paying for it, since there is no verification of data after it has been entered.”
Patel further went on to explain that besides having garbage data, the Pay-Per-Listing concept used by portals cannot be sustained over the long term, because eventually, brokers will realize their sale inventory is even more valuable for the property portals than it is for the brokers. “If the real estate portals did not have the listings which brokers provide them, what revenue or value would portals have? Zero! That’s why portals should NOT be charging brokers for their listings. In fact, since they really need the listings, the portals should actually be paying brokers for their valuable data.”
IndiaMLS aims to change the quality of the real estate market in this country through the implementation of a national MLS system. Key company USPs include:
On his efforts for making his vision a reality and creating IndiaMLS, Jay Patel said “After having undergone more than two years of real user testing and feedback from more than 10,000 Indian brokers, our MLS product is perfected for this market. It's very important to recognize that IndiaMLS is not just another tech company. We are completely different from traditional real estate portals, and we are positioned to shake up this industry as we introduce the greatest real estate tech invention to India.”
About IndiaMLS:
IndiaMLS Software Pvt Ltd., founded in 2017 by Jay Patel, is designed to aggregate the largest and most accurate database of property listings in India using a software solution called an MLS. The IndiaMLS database includes both residential and commercial properties (sale and rental) as well as the buyers’ requirements, making it the only true property exchange in the country. The MLS is a B2B solution used by real estate brokers and builders, but consumers also benefit greatly from the quality of the data compared to other real estate portals in the market.
About Jay Patel:
Jay Patel is a veteran of the real estate industry from the US having more than 20 years of experience in multiple facets of real estate including land development, property rehabs, and sales and brokerage. Jay also holds a Managing Broker license in the state of Illinois (USA), and has a vast level of experience in real estate technology. He and his team have brought the MLS concept to India and fully customized it for this country in an effort to help improve the industry and the quality of the data available for brokers, builders, and consumers.
(Image Courtesy: https://www.indiamls.com/)
Consolidated Revenues at Rs. 9,029 Crore
Net Profit at Rs. 1,316 Crore
Delhi, May 21, 2019:
DLF successfully completed the Qualified Institutional Placement of Rs 3,173 crore of equity and coupled with infusion of Rs 11,250 crore by the promoters, it has completely transformed its balance sheet.
With the debt overhang behind us and completion of all legacy projects, DLF will now work with enhanced focus on generating free cash flow through monetization of our ready to occupy inventory. The Company is now entering into the next wave of asset build-out at certain select marquee locations in both, residential and commercial segments, which will enable substantial ROE growth.
Financial Highlights for FY19 – DLF Group (Consolidated):
Financial Highlights for Q4 FY19 – DLF Group (Consolidated):
Financial Highlights for FY19 – DCCDL Group (Consolidated)
Operational Highlights – FY19
DLF has delivered approximately 115msf, since its IPO. It has developed 28msf of rent yielding assets, the rental income of which has grown 18 times from Rs 155 crore in FY07 to Rs 3,140 crore in FY 19. It has developed 87 msf of projects under its development business.
Development Business
The company continued to see good sales in the residential segment. We have started monetising our ready to occupy inventory across the country in the premium and luxury segments. We have achieved net sales of Rs 2,435 crore and we expect this momentum to continue, targeting to achieve net sales of approximately Rs 2,700 crore during FY20. We are witnessing good demand from our markets like, Gurgaon,Kochi and Lucknow for our ready to occupy apartments.
DLF has demonstrated its execution capabilities and met all its our customer commitments. The company is now gearing towards the next cycle of development and is planning to build out 17 msf of residential and commercial space in the near future.Our land reserves are in strategic locations and we have the ability to take advantage of improving market conditions by launching projects quickly without having to acquire land.
New Project Development
Midtown, Central Delhi: Construction on the first phase of development of 1.9 msf is currently underway. The total development potential of the project is approximately 8 msf, which is expected to be developed over the next 5-6 years.
Annuity Business
The commercial business continued to exhibit good growth. Gross leasing achieved during the year stood at 6.56 msf, out of which 5.57 msf is attributable to DCCDL Group.
Rental values continue to exhibit significant growth. We re-leased 1.8 msf post expiry of 9- year cycle resetting rentals to mark to market.
DLF has already pre-leased 90% of the 2.5 msf in Cyber park, Gurugram to marquee tenants. With the building nearing completion, the rent commencement shall commence within this fiscal.
Another phase of IT SEZ, Chennai is nearing completion and rent commencement shall commence within this fiscal.
DLF’s strong portfolio of high-quality office and retail properties caters to over 1,600 tenants, including Fortune 500 companies. We remain committed to following the highest safety and compliance processes. DLF’s existing properties have set global benchmarks, and is striving to take this higher by setting new standards for its new upcoming developments.
New Project Development
DLF has embarked upon the development of 3 msf of commercial office space to capture fresh demand of office space in the region. The designing process for the project is underway. In addition, the company has commenced planning of 3.5 msf of additional commercial space in Cyber City and 4 msf in Chennai & Hyderabad.
About DLF Limited
DLF is India's leading real estate developer and has more than seven decades of track record of sustained growth, customer satisfaction, and innovation. DLF has developed 153 real estate projects and developed an area of approximately 330 million square feet. DLF Group has 221msf (approx.) of development potential across residential and commercial segment. The group has an annuity portfolio of over 32 msf (approx.). DLF is primarily engaged in the business of development and sale of residential properties (the “Development Business”) and the development and leasing of commercial and retail properties (the “Annuity Business”).
In recent years DLF has received over 250 awards and recognitions by various forums, including Developer of the year award by ET NOW 2019. Developer of the year -Residential by ET NOW, Developer of the year- Luxury 2019 by Golden Globe Tigers Award, Developer of the year – Residential 2019 by Golden Globe Tigers Award, Star of the Industry Awards for Excellence in Real Estate by ET Now 2018, 11 Sword’s of Honour – by British Safety Council 2018 – The highest number received by any company globally in a single year.
Forward Looking Statement
Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements. DLF Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
(Image Courtesy: https://en.wikipedia.org/wiki/DLF_(company))
TCS Recognized for the Creation and Commercialization of Intellectual Property and for Boosting Creativity and Innovation in India
NEW DELHI | MUMBAI, April 26, 2019: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading IT services, consulting, and business solutions organization, has won the prestigious National Intellectual Property Award 2019 in the category ‘Top Public Limited Company/ Private Limited Company for Patents & Commercialization in India’ and the World Intellectual Property Organization’s (WIPO’s) IP Enterprise Trophy.
The Indian Intellectual Property Office confers the National Intellectual Property Awards to recognize individuals and enterprises for their creation and commercialization of intellectual property (IP), contributing to the country’s intellectual capital and creating an IP ecosystem that boosts creativity and innovation.
TCS has always been at the forefront of innovation with its deep market insights and contextual knowledge aimed at helping customers in their growth and transformation journeys. It has built a strong patent portfolio that forms the essential backbone to create best in class software across many industries. TCS has registered 844 trademarks, filed 4,596 patents and has been granted 946 patents till date.
“We have harmonized our IP focus with our Business 4.0™ vision by developing the IP 4.0 framework encompassing Creation, Protection, Assetization, and Commercialization of TCS IP with a program to responsively deliver the output and outcome with long term sustenance and structured governance,” said Dr Santosh Mohanty, Head, Components Engineering Group, TCS. “This recognition from the Indian IP Office and WIPO will encourage innovators within TCS to redouble their efforts and excel further.”
Ramesh Abhishek, Hon’ble Secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Govt. of India, presented both the awards to TCS at a function organized by the Indian Intellectual Property Office and Confederation of Indian Industry on the occasion of World IP Day on April 26, 2019 in New Delhi.
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 424,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $20.9 billion in the fiscal year ended March 31, 2019, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
Image courtesy:( https://asia.nikkei.com/)
Sanjiv Mehta, Chairman & Managing Director, Hindustan Unilever Limited (HUL) received the ‘Business Leader of the Year’ award at the AIMA Awards 2019. He was recognised for ‘his pioneering vision that has enabled the company to successfully extend leadership in the FMCG space.’ Former President of India, Mr. Pranab Mukherjee presented the award to Sanjiv.
On receiving the award, Sanjiv said, “I can say that people, family and purpose have played an important role in my journey as a leader. I have always believed that a leader is as strong as his people. The leader’s job is to show the mirror to the people; guide them to take the right decisions; and in trying times, stand by them.”
The All India Management Association (AIMA) is committed to enhancing the competence of the management profession through its multifaceted activities. Every year, to recognise excellence in Management, Entrepreneurship and Leadership, AIMA confers awards to recognise achievers who have made a fundamental difference, creating an edge above peers for others to emulate.
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