Companies & Sectors
5G, IoT and cloud will disrupt every industry in 2016: Ericsson CEO
Barcelona : Digital disruption will come to every industry in 2016, Ericsson president and CEO Hans Vestberg said at the Mobile World Congress (MWC) here on Monday and made announcements regarding 5G, Internet of Things (IoT) and cloud computing.
 
"Digital disruption will come to every industry in 2016. Today's announcements -- together with the hundreds of demonstrations we will show at MWC -- clearly demonstrate the strength of our portfolio and our capabilities as an Information And Communications Technology (ICT) transformation partner," Vestberg said in a statement.
 
"Our portfolio is constantly evolving to keep pace with customer demands. Now, with industries and even whole societies being disrupted by mobility, broadband and cloud, we are accelerating our own transformation," he added.
 
At the event, Vestberg identified 5G, IoT and cloud as the hottest topics in the ICT industry -- and made major announcements in each area.
 
He said that Ericsson, being a leading researcher for 5G pre-standardisation, has agreements with 20 major operators around the world to work together on 5G -- more than any other vendor.
 
5G radio test-bed field trials will start in 2016 and Ericsson is active in aligning industry time plans to assure the commercial launch of 5G in 2020.
 
Vestberg announced that Ericsson is collaborating with AT&T to bring the operator's Digital Life solution -- which uses IoT technology to transform home security and automation -- to service providers outside the US.
 
IoT, for a laymen, is a futuristic system where you can control almost everything -- from TV to refrigerator, from air-cooling to coffee machine -- with your smartphone.
 
Ericsson also announced plans to form a global business, technology and services alliance with Amazon Web Services (AWS) to accelerate cloud transformation for telecom service providers.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

COMMENTS

Simple Indian

1 year ago

This article is misleading and should be taken with a sack of salt.
Firstly, 5G is still in the works, and will probably get standardized protocols across carriers only around 2020, which is a long way off. So chill.
Secondly, IoT will rely heavily on fast & reliable high-speed internet connectivity, which again will depend on roll-out of 5G (or atleast 4G tech) networks across geographies. So, this too will take shape only when 4G becomes industry standard and widely available, again in 3-4 years.
Finally, all of us who access internet already use Cloud services in some form, be it GMail, Yahoo, MS-Outlook mail, etc. which are cloud-based services. What is likely to happen is much more of our data would stay on the Cloud (say Google Drive or MS-OneDrive) when high-speed Internet becomes commonplace. It might reduce dependence on locally stored data, esp. on mobile handsets, as on Memory Cards.
All this will take atleast 3-4 years and 2016 will certainly not be an year to see any of these being disruptive.

Ramesh Poapt

1 year ago

vow!!!

Nifty, Sensex will struggle to rally – Monday closing report
Nifty rally may reverse if it closes below 7,150
 
We had mentioned in last week’s closing report that Nifty, Sensex would struggle to head higher and that Nifty may try to head towards 7,400. As expected, the major indices of the Indian stock markets were on an upward trajectory but did not make much headway on Monday and closed around 0.33%-0.34% higher than Friday’s close. The trends of the major indices in the course of Monday’s trading are given in the table below:
 
 
A rally in Asia, Europe and US premarket futures supported a rise in Indian equity markets on Monday. The BSE market breadth favoured the bulls -- with 1,398 advances and 1,151 declines. Initially, the indices of the Indian equity markets opened on a positive-to-flat note.
 
The rupee opened at 68.63 to a US dollar from its previous close of 68.47 to a greenback on Thursday. The domestic currency markets were closed on Friday. Rupee touched a low of 68.72 to a US dollar, during the intra-day trade. This level was last seen on 28 August 2013. On Friday, the rupee had crashed to a record low of 68.89 to the US dollar in the overseas currency markets. It ended that day's trade at 68.72.
 
From average tax-payers and rail commuters to global investors and analysts, all eyes for the next seven days are on two crucial Indian budgets to be tabled by the ministers overseeing the finance and railways portfolios. While Railway Minister Suresh Prabhu presents his budget on February 25 amid a growing gap between the money India's railroad network makes and spends, Finance Minister Arun Jaitley has this task four days later in sending the right cues on reforms and in the national budget.
 
In the interim, Jaitley will also table in the Lok Sabha, the lower house of parliament, the Economic Survey for 2014-15, authored by Chief Economic Advisor Arvind Subramanian, which will seek to give an overview of the current state of the Indian economy and the required policy actions.
In a recent post on YouTube, Minister of State for Finance Jayant Sinha said the uplift of the poor, progress of farmers and employment for the youth will be the focus of the upcoming budget.
 
"This budget will be a forward-looking budget that will ensure that India will continue to be a haven of stability and growth in a very turbulent and choppy global environment," he said. 
 
In presenting its expectations of the budget, the Indian industry has highlighted the importance of clarity in tax laws and other significant implementations needed to boost trade and economy.
 
"The proposal to reduce corporate tax rates announced as part of last year's budget is undoubtedly a step in the right direction. However, there are several other factors that warrant a closer look," Federation of Indian Chambers of Commerce and Industry (Ficci) said in its pre-budget memorandum. "There is a need to ensure stability in tax policy in the medium term. For instance, in an income-tax context, this involves eliminating frequent policy reversals, both directly (for example through the removal of MAT exemption to SEZ units) as well as indirectly," it said.
 
In this regard, the government has said tax exemptions are costing India's exchequer about Rs200,000 crore annually and it is necessary to phase them out to provide a level playing field for domestic companies to make for a successful Make in India. In direct tax, we are losing about Rs1 lakh crore in these exemptions. The cause may be noble, but it distorts the taxation system. In case of indirect tax also, we are almost losing Rs.1 lakh crore because of various exemptions given for SEZs, EOUs," Revenue Secretary Hasmukh Adhia said last week on the ministry's YouTube channel.
 
The Indian economy grew 7.3% in the third quarter ended December 31, 2015 -- down from the 7.7% expansion in the previous quarter, but marginally up over the 7.1% over the like period of last fiscal, official data showed last week.
 
The government's mid-year economic review, released last December, lowered the economic growth forecast for the current fiscal to the 7%-7.5% range, from the previously projected 8.1%-8.5%, mainly because of lower agricultural output due to deficit rainfall.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 

User

Countdown begins for what Jaitley, Prabhu have budgeted for
New Delhi : From average tax-payers and rail commuters to global investors and analysts, all eyes for the next seven days are on two crucial Indian budgets to be tabled by the ministers overseeing the finance and railways portfolios.
 
While Railway Minister Suresh Prabhu presents his budget on February 25 amid a growing gap between the money India's railroad network makes and spends, Finance Minister Arun Jaitley has this task four days later in sending the right cues on reforms and in the national budget.
 
In the interim, Jaitley will also table in the Lok Sabha, the lower house of parliament, the Economic Survey for 2014-15, authored by Chief Economic Advisor Arvind Subramanian, which will seek to give an overview of the current state of the Indian economy and the required policy actions.
 
In a recent post on YouTube, Minister of State for Finance Jayant Sinha said the uplift of the poor, progress of farmers and employment for the youth will be the focus of the upcoming budget.
 
"This budget will be a forward-looking budget that will ensure that India will continue to be a haven of stability and growth in a very turbulent and choppy global environment," he said.
 
Earlier, Finance Minister Arun Jaitley had spoken about facilitating tax payers.
 
In presenting its expectations of the budget, the Indian industry has highlighted the importance of clarity in tax laws and other significant implementations needed to boost trade and economy.
 
"The proposal to reduce corporate tax rates announced as part of last year's budget is undoubtedly a step in the right direction. However, there are several other factors that warrant a closer look," Federation of Indian Chambers of Commerce and Industry (Ficci) said in its pre-budget memorandum.
 
"There is a need to ensure stability in tax policy in the medium term. For instance, in an income-tax context, this involves eliminating frequent policy reversals, both directly (for example through the removal of MAT exemption to SEZ units) as well as indirectly," it said.
 
In this regard, the government has said tax exemptions are costing India's exchequer about Rs.200,000 crore annually and it is necessary to phase them out to provide a level playing field for domestic companies to make for a successful Make in India.
 
"In direct tax, we are losing about Rs.1 lakh crore in these exemptions. The cause may be noble, but it distorts the taxation system. In case of indirect tax also, we are almost losing Rs.1 lakh crore because of various exemptions given for SEZs, EOUs," Revenue Secretary Hasmukh Adhia said last week on the ministry's YouTube channel.
 
The Indian economy grew 7.3 percent in the third quarter ended December 31, 2015 -- down from the 7.7 percent expansion in the previous quarter, but marginally up over the 7.1 percent over the like period of last fiscal, official data showed last week.
 
The government's mid-year economic review, released last December, lowered the economic growth forecast for the current fiscal to the 7-7.5 percent range, from the previously projected 8.1-8.5 percent, mainly because of lower agricultural output due to deficit rainfall.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

COMMENTS

MG Warrier

1 year ago

This year, compared to previous years, the Budget exercise has created a higher level of expectation. Even the exercise to elicit views from public did attract public attention and over 7000 suggestions were posted. Finally, FM may not be able to come out of the contours traditionally set for the Budget. But, FM and his colleagues being aware of the thinking of those affected by Budget, by itself, can work as a change agent for future evolution of Government policy.

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)