According to data presented by Altindex.com, the ML market is expected to reach a record valuation of $204 billion in 2024, capturing nearly 70% of the total AI market share.

Machine Learning Market Size Quadrupled in Four Years

The exponential growth of the machine learning industry in recent years is nothing short of impressive. This AI technology, renowned for its ability to streamline operations across diverse business domains—from decision-making processes and product development to manufacturing, logistics, and customer service—has emerged as a transformative force across industries, propelling overall market expansion.

Back in 2020, the global machine learning industry was valued at roughly $60 billion, representing 54% of the total AI market size. Just a year later, this figure more than doubled and hit $134.5 billion, with machine learning’s market share rising to 59%.

After a considerable setback in 2022, the market continued surging last year. Statistics show the machine learning sector skyrocketed by 120% in 2023, twice and even three times the growth of any other segment of the AI industry. This caused machine learning market size to jump to $158.8 billion, representing 65% of the total AI market value.

Although 2024 will bring much smaller growth of 28%, the machine learning industry is still expected to hit a record valuation of over $204 billion. With more and more businesses recognizing the potential of the technology and investing in its applications, the entire market is expected to hit a $528 billion value by 2030, making 72% of the total AI market size.

US Dominates Global Machine Learning Market

Geographically, the United States emerges as the undisputed leader in the global machine learning landscape. Statista forecasts a 24% year-over-year growth, propelling the US machine learning sector to a valuation of $70 billion in 2024—constituting one-third of the total market value. By 2030, this figure is projected to surge by an additional 142%, reaching a monumental $170 billion.

While trailing behind the US, the Asian machine learning market is poised for robust growth. Fueled by its vast population, diverse industries, and escalating investments in technological infrastructure, the Asian market is poised to witness a remarkable 34% year-over-year growth, resulting in a market size of $55.1 billion in 2024. By 2030, this figure is expected to catapult by 178%, reaching $153 billion.

Similarly, Europe’s machine learning sector is slated for exponential growth in the coming years. With a projected 28% growth rate, the European market is anticipated to reach a valuation of $55.8 billion in 2024, surging by 161% to $144 billion by 2030.

For further insights and detailed statistics, please refer to the full article on Altindex.com: https://altindex.com/news/machine-learning-ai-market

The post Machine Learning to reach $204 Billion in 2024; 70% of total AI market appeared first on Startagist.

The HPX initiative will collaborate with disruptors in the fintech and payments domain to deliver “superior payment experiences through groundbreaking innovation” for both businesses and consumers.

This programme will serve as a platform to unite diverse entrepreneurs who have been diligently crafting technology-driven solutions to shape the future of payments.

Participants in the HPX will get access to capital, an expedited path to commercialize innovative payment solutions, connections with key industry partners, and the opportunity to expand their reach beyond the borders of India.

As part of HPX, the company will concentrate on key segments, including core banking, banking as a service, embedded finance, Web3/CBDC, issuance, payments compliance, and AI/generative AI.
Hitachi Payment offers a range of payment solutions, including ATM services, cash recycling machines, white-label ATMs, POS solutions, toll & transit solutions, and payment gateway solutions.

The post Hitachi Payment launches program for Indian fintech startups appeared first on Startagist.

Agdhi, an agritech start-up has introduced a mobile platform ‘Planto’ that provides data analysis and provides accurate information on the maximum agricultural output. It generates insights out of raw field data and further used for field trial monitoring, production fields monitoring, disease tolerance analysis, pest resistance analysis, hybrid performance comparison, team management, Report generation and Digitisation. This vast information can be available in different languages such as English, Hindi, Marathi, Telugu, and Tamil.

Speaking on this occasion, Nikhil Das, Founder– Agdhi, said, “We are pleased to introduce new tool which will help the agricultural companies as well as farmers with new insights about crop & seedlings. This will help the farmers to take remedial and the future action.”

He added that with integrating various languages, we would like to extend this tool to different cities who can take advantage and help them in maximizing agricultural output

Agdhi has built Two App versions – ‘Surveyor’ and ‘Manager’ applications which collects and generates insights respectively.

• Planto Surveyor can be connected to any Planto registered company and is used to collect observations direct from field. It supports various data collection formats, crops and locations. The biggest advantage of Surveyor is that it can be used even when there is irregular or no network at all..
• Planto manager comes with all the reports and analysis required for any Manager or decision makers to perform strategic changes in their research or production. It provides real time data of ‘who’s in the field’ and ‘what’s going on’. Thus, the supervisors, managers, directors and owners is provided with a transparent view of the activities and insights and meaningful reports to take quick decisive actions.

The entire platform is available to subscribe in various plans suited for different types and scales of organization

The post Agritech Startup Agdhi Launches a Mobile Platform ‘Planto’ that Provides Data Analysis on Farm Yield appeared first on Startagist.

What do the upgrades mean for us and you?

While the CPU and RAM upgrades are one side of the story, the major performance boost comes in the form of the new upgraded NVMe SSDs by Samsung. One of the drawbacks of the previous servers we used was that it used Enterprise Class Hard Drives running ZFS file system for operations. While that was fine for the most part, we quickly identified that moving to a faster storage solution is necessary if we are to improve and expand our services. Nobody likes to wait around for data to load. This is why SSDs, especially NVMe SSDs are a far superior mode of storage as it has much lower access latency and extremely fast write times. This translates to tangible real-world performance improvement for you as well as us and if you have been using our services, you should definitely feel the upgrade from the new NVMe SSD based storage solution.

Now coming to the rest of the system upgrades, the monstrous Ryzen 9 5950X should allow us a lot more headroom when it comes to running services simultaneously like virtual machines, microservices and other backend operations. We can handle more data and the extra cores should allow us to offer more services in the future.

Also because of the new 10 Gigabit connections, the latency should be drastically reduced, even at times of peak load.

Mr. Sunit Nandi, Founder of Letter on the upgrade said, “We at Techno FAQ Digital Media are big computer nerds and we love computers of all shapes and sizes. That being said, we especially love using computers with a lot of power and this is exactly what you will be experiencing as well.”

The post Email Hosting Provider Letter is now supercharged with Ryzen appeared first on Startagist.

With an option to get assisted by bank staff, PNB @Ease outlets will be loaded with five Kiosks i.e., ATM, Bunch Note Acceptor, Account Opening Kiosk, Card Issuance Kiosk and internet-enabled Kiosk. This facility will enable the customers to avail all banking services under one roof. Additionally, PNB@Ease outlets would boost the Bank’s distribution capability and lower the cost of customer acquisition.

First such multi-functional outlet was inaugurated by Sh. Debasish Panda, IAS, Secretary and Sh. Pankaj Jain, IAS, Additional Secretary, Department of Financial Services at the Central Secretariat Metro Station, New Delhi on Monday.

On its 127^th foundation day, PNB announced various digital initiatives such as instant opening of online saving account via video-KYC, insta pre-approved loan, insta demat account and insurance facility through internet and mobile banking services.

Thanking customers, employees and other stakeholders for their selfless contribution and support during the challenging times, Shri CH. S. S. Mallikarjuna Rao – MD and CEO of PNB, said, “127th Foundation day of PNB is a momentous occasion for us in line with our legacy. Despite the challenges put forward by the pandemic, we have seamlessly amalgamated two banks with us. The integration of technology, people and business, was completed in record time enabling us to tap the growth opportunities. Customer service is paramount to us and to continue to serve the customers better, we have taken a few initiatives in the area of digitalization. These include PNB@ease outlet, Online Savings account opening with Video KYC, online Pre-approved personal loan, Online Insta-Demat account and more.” 

Congratulating PNB on becoming one of the largest public sector bank post amalgamation and wishing it achieve greater heights, Chief Guest of the ceremony Sh. Debasish Panda, IAS, Secretary – Department of Financial Services, said, “Today’s launch demonstrates PNB’s ability to adopt the latest technology to stay ahead of the curve. Instead of developing the technology in-house, banks can collaborate with fintech and startups for digital transformation while staying focused on its larger role of credit growth and financial inclusion for the country.”

Sh. Pankaj Jain, IAS, Additional Secretary – Department of Financial Services complimented the Bank on its digital initiatives and emphasized the need for continuous technological up-gradation and customer service.

PNB steps up digital product offerings:

With the new video-KYC facility, a new customer can open a saving account in less than 5 minutes. Other new digital services include insta-demat account – a paperless facility launched in collaboration with National Securities Depositories Ltd (NSDL). A customer can now open a Demat account NetEase instantaneously, simply by a DIY approach based on OTP authentication and existing KYC with the Bank. Customers can also avail of online insurance facilities from the comfort of their homes through the Bank’s internet and mobile banking service.

Instant Pre-approved & paperless loan significantly improves convenience:

Customers eligible for a pre-approved loan will no longer have to visit a branch to avail the loan. The existing customers can take the online pre-approved loan and instantly receive the money in their account. PNB leverages its state-of-the-art digital analytics technology to complete customers’ credit assessment online and execute digital documentation using E-Contract generation with an E-Signing facility of National E-Governance Services Ltd (NeSL).

PNB Cards & Services subsidiary:

PNB incorporated a fully owned subsidiary, PNB Cards & Services Limited, which was flagged to commence it operation and to undertake credit card business in a holistic way. Thus, PNB is now one of the few public sector banks with a separate credit card arm, thereby enabling a dedicated management focus. Being one of India’s largest banks, this initiative would catalyze wider adoption of credit-card payments and ensure contactless payments from a safety perspective.

PNB Cares:

As part of its CSR Initiative, PNB donated Rs. 3,53,78,890 to PM-CARES FUND on its Foundation Day by onboarding more than 83 lakh customers through its digital campaign “DIGITAL APNAYEN”. The innovative campaign is aligned with the Government’s vision of onboarding new users on digital payment modes.

Coffee Table Book on the remarkable journey of amalgamation and Cybersecurity Glossary

PNB unveils a coffee table book, portraying a detailed journey and successful amalgamation of Erstwhile Oriental Bank of Commerce and United Bank of India with Punjab National Bank. Another booklet on the Cybersecurity Glossary was launched that compiles all the cyber threats and frameworks to enrich the knowledge of employees and general masses.

The post PNB commemorates 127 years of service to the nation: Launches PNB@Ease outlet appeared first on Startagist.

Over the last few weeks, the audience not only nominated but also voted for their favourites across 60 categories. Joining the audience to choose the best out of the best was an esteemed jury panel with celebrities like Gulshan Grover, Tarun Mansukhani, Urvashi Dholakia, Tina Datta, Vinay Sapru and Radhika Rao, Akshaye Rathi and Ramesh Bala. The gala digital awards show was hosted by everyone’s favourite ‘Bhabhi ji’, actress Saumya Tandon and witty RJ and actor Pritam Pyaare.

As a tribute to the powerhouse of talent and dance king, the late Sushant Singh Rajput, there were special dance performances on some of the most loved songs starring him.

With an endeavour to truly celebrate the world of entertainment like no other award show in the country, the ceremony culminated with a star-studded conclave featuring two-panel discussions. Celebrities like actresses Neetu Chandra, Aahana Kumra, Anupriya Goenka, Urvashi Dholakia, producer and actress Divya Khosla Kumar, producer, writer, director, Palki Malhotra, screenwriter Mayur Puri, senior trade analyst Ramesh Bala ,and film exhibitor and trade expert Akshaye Rathi came together to discuss the future of entertainment, the lessons learned in the OTT culture and the trends in content creation and consumption.

Commenting on the success of the awards, Mr. Rohit Chadda, CEO of Zee Digital said, “This year the response has been truly great and we would like to congratulate all the winners of BollywoodLife.com Awards2021whose work have been appreciated by their fans and the jury members”.

“Also, I would like to thank my entire team of Zee Digital, esteemed jury members, celebrity speakers, loving audience and all the deserving participants for making this edition a big success”, he adds.

The recorded version of the digital award ceremony can still be viewed on BollywoodLiBollywoodLife.com Awards 2021 Concludes With a Grand Award Showfe.com’s website and all its social media platforms along with Zee5.

The post BollywoodLife.com Awards 2021 Concludes With a Grand Award Show appeared first on Startagist.

As an extension to the BollywoodLife.com Awards2021 ceremony, this grandeur conclave will be one of its kind digital-only initiatives that shall have two power packed panel discussions amongst some of the eminent film personalities and stalwarts from the entertainment industry. The virtual gala event will take place after the grand awards begins on March 26, 2021.

The first panel discussion will be on ‘Has Indian audience moved over its star obsession?’ and will be held between 10:30-11:00 am. The speakers for the session will be trade analyst- Ramesh Bala, actress-Neetu Chandra, all-rounder producer, director, and, actress- Divya Khosla Kumar, actresses- Ahana Kumar and Anupria Goenka.  The second discussion will be around ‘The OTT impact- The Future of cinema Halls and TV?’ from 12:15-12:45 pm and will be held among trade expert and film exhibiter- Akshaye Rathi, actress- Urvashi Dholakhia, producer, writer ,and, director- Palki Malhotra and screenwriter- Mayur Puri.

Mr. Rohit Chadda, CEO of Zee Digital commented, “We have received an overwhelming response for the nomination and voting phases from the BollywoodLife.com’s readers. This year we aim to make these digital-only awards a great success. We have not only increased the award categories but have also introduced a Conclave that shall touch upon the current scenario and most important developments taking place in the entertainment industry.”

 “We are thankful to all our readers, speakers, and, the eminent jury members for extending their support and joining us”, he adds.

The digital award ceremony will be telecasted live on 26^th March 2021 on BollywoodLife.com’s website and all its social media platforms along with zee5. The audience is spoilt for choice this time with six major categories and 60 subcategories to vote for actors, celebrities, and, influencers from the digital world.  The most-talked about categories include – Social Media King/Queen, Social Media Swag Star, Most Woke Celebrity, Most Awaited Social Media Debut, Troll Assassin of The Year, Fan-Friendly Star, etc.  Nominations were also filed for – Groundbreaking Creation of The Year, Best Original Content Creator, Best Comeback Show, etc.  

Some of the most famous personalities such as Amitabh Bhachan for Gulabo Sitabo, Rajkumar Rao for Ludo, Arshad Warsi for Asur, Sushmita Sen for Aarya, and, Pankaj Tripathi for Sacred Games Season 2 have been nominated this year. So it will be exhilarating to find out who wins and take the award home.

The post BollywoodLife.com Awards 2021 Announces a Star Studded Conclave appeared first on Startagist.

The conference, “FIT WOMEN, FIT FAMILIES, FIT INDIA”, organized by FICCI in association with Ministry of Youth Affairs and Sports and Ministry of Women and Child Development saw top policy makers, sportswomen and renowned names from technology, news and entertainment industry get together to discuss how women against all adversity, have risen in the field of sports, both within the country as well as on a global level.

Speaking on the Fit India Movement panel, Dr. Subi Chaturvedi, said, “Skill-based educational games are carving a new segment in online gaming as they offer healthy competition and incentivized learning to the users. While the pandemic has rendered a lot of us home-bound, the spirit of sport, gaming and competing has been kept alive by companies like Zupee. Now, the focus is on gamification of education, healthcare, governance and strategy to offer valuable solutions to the problems of unemployment, skilling and literacy. While physical health is definitely important, we cannot ignore mental and emotional health & I believe tech-led innovation is the way forward”.

Stress is one of the primary catalysts for the deterioration of mental health. While both men and women face stress, women are more susceptible to it due to the repetitive nature of their work (in most cases) and the lack of power and appreciation, which men get at work. Because of social situations, women have to find unique ways to cope with stress, experience healthy competition and success.  It has been shown that the right set of skill-based gaming in a competitive environment can activate reward centers in the brain and cure depression. This is quintessential for the high stress multitasking roles that women often play in work and home environments.

Speaking about the importance of wellbeing and mental health, Ms. Anju Bobby George,Ex-Olympian, advised women, “Indian genes make us very strong and we can handle any tasks. But we avoid ourselves and focus on the families or jobs, instead of our wellbeing. Without a fit body and a fit mind, it is impossible for us to support our families and people. So, take care of yourself first”.

Ms. Deepa Malik, President, Paralympic Committee of India, further added, “I think I am fortunate that I had sports and fitness as culture in my family. I am happy that this culture was introduced at home and that is how I could defeat the taboos surrounding disability. It was all because fitness and sports in my life and that’s precisely the reason that I am here as a fit person and not a paralyzed body”.

A number of startups are working on innovations in the online skill-based gaming, with Zupee leading the way.

Dr. Subi Chaturvedi further added, “The idea is to create new applications that can engage, empower and entertain users. We are committed to the vision of creating an empowered India, fit India (Swasth Bharat) and a self-reliant India (Aatmanirbhar Bharat). With these innovations, we are looking at a new industry segment that will create employment opportunities and help with educating and skilling the workforce of the new India. We need to bridge the digital divide & improve access through better technology adoption & tech-led innovation, which’ll ensure better outcomes at personal, societal & national levels.”

About Zupee

Zupee is a skill-based gaming platform that aims to engage, empower and entertain through their gaming innovations. The platform places mission like importance on bringing positive and engaging experiences to its users. Relying on knowledge across a host of topics, strong returns, high user engagement, and sound tech, Zupee has been winning hearts and minds in a game of skill. It’s Zupee’s mission to improve people’s lives by improving their learning ability, skills and mental aptitude through scientifically designed mental exercises, applications and gamification of day to day activities. Zupee has already helped over 10 million people improve their general knowledge, critical thinking and competitive skills.

The post Skill-Based Gaming Can Improve Mental Health In The Post Pandemic Era appeared first on Startagist.

Through this latest offering, tech-unsavvy rural customers can easily invest in e-gold with guided assistance from PayPoint store staff. The company has more than 48,000 tech-enabled offline stores across India.

Unlike buying physical gold, the Dvara SmartGold investment offers the convenience of investing in smaller denominations. Customers can invest as low as Rs. 500 on a daily, weekly, or monthly basis. It is also a safe investment instrument as every rupee of e-gold purchased is supported by physical bullion purchased and held securely in government-approved lockers managed by one of the world’s largest gold vaulting services providers.

Additionally, e-Gold investment provides high liquidity wherein customers can instantly cash on gold balances from their local PayPoint touchpoints. Through this uniquely crafted micro-savings plan, customers can save in small flexible installments over time to achieve a degree of financial security for their family.

Commenting on the development, Ketan Doshi, Managing Director of PayPoint India, said, “PayPoint has always strived to offer customers a value-packed option. This association with Dvara Smart Gold is another milestone in our journey towards being best-in-class for our customers. Transparency in pricing and seamless purchase and savings are major advantages of this initiative. It is high in liquidity as one can sell it at any point of time with no impurity risks.”

Sanjeev Agarwal, Founder Director of Dvara SmartGold, said, “We are delighted to partner with PayPoint – one of the topmost Business Correspondents (BCs) in India. We look forward to work on our joint mission of financial inclusion and leveraging technology to connect the middle and lower-income households with a diverse range of financial products & services.”

In today’s unprecedented times when COVID-19 is ravaging the world, PayPoint is making every effort to mitigate people’s financial burden due to the crisis. While the current situation has brought the need for continual savings to the fore, the initiative would ensure people in India’s remotest part avail of steady investment options, thereby securing their Golden Future!

About Dvara SmartGold

Dvara SmartGold is promoting micro-savings to motivate and assist the more vulnerable households in creating a Financial Safety-Net for their families. It is the only institution offering a savings product that the target customers are familiar and comfortable with and are willing to benefit from the significant value that the platform provides. The Dvara SmartGold Micro-Savings platform allows the customer to save in a regular asset class – Gold, in the most convenient, secure, and cost-effective manner and enable the flexibility to use gold savings anytime for any planned requirements or emergencies.

Know more: https://www.dvarasmartgold.com

About PayPoint India Network Pvt. Ltd.

PayPoint is a technology-enabled Distribution network of Financial Services. The company’s digitally connected network of 48000+ offline stores offers various Financial services like Banking (PMJDY accounts), micro ATM services, Wallets (Paypointz), Remittances, Bill payments, insurance, Merchant QR, and many more. Apart from Financial services, PayPoint also offers consumer services to the underserved like Travel booking, Recharges, Amazon assisted shopping, Gift Cards, etc. through its strong network of retail stores spread across the country. The company’s retailer-driven assisted model helps customers make an informed decision for availing services from their trained partners and its digital platform.

PayPoint offers a bouquet of services through its plug-and-play platform. More than 100 Services providers are plugged into the company’s system and interact with them on a real-time basis catering to more than 4 million customers month on month. The primary objective is to bridge the financial inclusion gap between developed urban India and under-served rural India.

The post PayPoint partners with Dvara, making e-Gold accessible to rural India appeared first on Startagist.

In the words of Rajat Singhania, Founder – SocioRAC, “With approx 1.5 billion people now working remotely, working remotely has become the “new normal” at least for the foreseeable future. The security and data protection needs are compromised at home which increases the risk of exposure and inadvertent leaking of corporate and customer data.”

He further added that in view of the present situation, we developed this app ‘HyLyt app’ that helps enterprises with data security & important content at a single place. This avoids critical & sensitive data exchange through multiple insecure channels & tools”

This app provides a reliable & secure solution to enterprises as it acts as a single source for storing entire data in a highly protected way. This app is a mobile first environment to manage data for personal & business needs. HyLyt app is available in Mobile & Desktop version. The personal version is free & the business version is charged at an affordable cost of Rs.4000/- per user.

Features

Unified Information Management

• 360 view of all information that matters in one place, one view – from all sources
• Interconnect all information on multiple parameters to make information 10x more powerful and build the Google of one’s  data
• Find any information instantly, even if your search query is very complicated
• Chat experience of tomorrow – hidden chats & password protection, invisible users, structured/ organized chats using threads to help to work better
• Better user engagement – broadcast information to users, white label options, schedule reminder/ calendar for others
• Data leakage control – information not viewable outside HyLyt, restrict people from sharing/ forwarding what one  send them, Screenshot/ copy-paste controls
• Enhanced Security – Multi level pin/ password, IP protection – business can pull back data when an user leaves,
• Knowledge transfer – all data from start can be transferred from old user to new user in minutes
• Video Conference – This is a newly added feature introduced recently that helps in using amongst up to 100 users.
• Dashboard features – HyLyt has a dashboard feature on its backend. It allows users to make different departmental groups where each team member can converse and submit its work.
• Watchdog feature – Watchdog” feature from HyLyt allows top-level management to keep an eye on select departments and the work is done and take necessary actions to increase productivity and improve work efficiency.
• Content management and messaging integration – Whiteboard option for collaborative working Control

About SocioRAC

Established in 2017, SocioRAC (Brand) is a technology startup working in the area of Information Management. SocioRAC aims to generate 2.5 billion man-hours of additional productive time by 2025 thus leveraging digital technology to help enterprises to manage their digital data overload. Based in Vadodara, SocioRAC is building tech products & solutions catering to enterprises that plan to increase productivity, manage businesses, increase collaboration, save money & time.

The company is the brainchild of Rajat Singhania who is an alumnus of St. Columba’s School, Delhi and Shri Ram College of Commerce (SRCC) with more than 30 years of working in the areas of technology.

The post SocioRAC Launches HyLyt App for Remote Workers appeared first on Startagist.