Digital transformation will add $154 billion to India’s GDP by 2021. According to the new business study, this will increase the growth rate by 1.0% annually. The research, titled “Unlocking the Economic Impact of Digital Transformation in Asia Pacific “, states that India can expect a dramatic acceleration in the pace of digital transformation compared to previous years. In 2017, about 4% of the country’s GDP was derived from digital products and services created directly through the use of technologies like Cloud, IoT and AI. Read more at: //economictimes.indiatimes.com/articleshow/63710187.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 Digital transformation continues to move more of our lives online, consumer privacy is becoming an area of concern. The spread of connected technology has resulted in a significant impact on privacy, making data protection more important now than ever. Over the last few years, a large number of data breaches have dominated headlines, particularly concerning online and IT systems and sectors such as government, telecom, media, manufacturing, education and politics. While a few high-profile incidents have come to the fore, many others tend to go unreported.  Crucial data is collected and shared with unauthorised entities without the customer’s knowledge. Therefore, it is important for businesses to focus on data security.

Read more at: //economictimes.indiatimes.com/articleshow/63850648.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

17 Israeli companies pioneering aritficial intelligence
More than 430 Israeli startups use AI as a core part of their offering.

Artificial intelligence (AI) gives machines the ability to “think” and accomplish tasks.
AI already is a big part of our lives in areas such as banking, shopping, security and healthcare. Soon it will help us get around in automated vehicles. By 2025, the global enterprise AI market is predicted to be worth more than $30 billion. Israeli industry can expect a nice piece of that pie due to its capabilities in AI and its subsets: big-data analysis, natural language processing, computer vision, machine learning and deep learning.  The Israel technologies highlights infrastructure and support hardware & software that enable efficient conversion to the latest LTE networks,  Israeli companies have developed solutions from a wide variety of IoT verticals such as: Cyber, mHealth, Transportation, Education, Smart city, Smart Home and many more.

Israeli companies excel in providing innovative technologies and enhance R&D services. Companies in India can benefit from the advanced Israel technology. Relevant companies, interested to learn more on potential collaboration are invited to contact the Economic and Trade Department at the Israeli Consulate General in Bengaluru.

For further queries, contact : Kavitha Saravanan, Trade Officer, Bengaluru.
Ph:+91-80-49406515. kavithas@israeltrade.gov.il