Showing posts with label Switzerland. Show all posts
Showing posts with label Switzerland. Show all posts

Infosys Expands Into Switzerland to Drive AI-Led Enterprise Growth

Infosys Expands Into Switzerland to Drive AI-Led Enterprise Growth

Infosys has officially expanded its European presence by opening a new office in Zurich, Switzerland, aimed at accelerating enterprise adoption of AI and digital transformation solutions. This move strengthens Infosys’ footprint in the region and supports Swiss businesses in their AI-driven growth journeys.

Key Highlights of Infosys’ Zurich Expansion

  • New Zurich Office: Positioned to serve as a hub for enterprise AI journeys and digital innovation.
  • Strategic Goal: Accelerate adoption of Infosys Topaz, the company’s AI-first suite leveraging generative AI technologies.
  • Local Impact: Supports Swiss enterprises in sectors like banking, telecom, and manufacturing.
  • European Growth: Part of Infosys’ broader strategy to deepen its presence across Europe.

Why Zurich?

  • Financial & Tech Hub: Zurich is Switzerland’s largest financial center and a growing technology hub.
  • Talent Pool: Access to highly skilled professionals in AI, data science, and enterprise IT.
  • Client Proximity: Close to major Swiss corporations, including banks, insurers, and telecom providers.

Partnerships & Collaborations

  • Infosys has expanded collaboration with Sunrise, Switzerland’s second-largest telecom operator, to integrate AI and analytics solutions.
  • The Zurich office will likely serve as a base for such partnerships, enabling co-innovation with Swiss enterprises.

Strategic Importance

Factor Impact
AI Adoption Helps Swiss companies accelerate digital transformation with Infosys Topaz.
European Expansion Strengthens Infosys’ footprint in continental Europe.
Client Engagement Provides closer proximity to Swiss and EU clients.
Innovation Hub Supports co-creation of AI-driven solutions with local partners.

Risks & Considerations

  • Competition: Zurich hosts many global IT consultancies, so Infosys must differentiate with AI-first offerings.
  • Regulatory Landscape: Switzerland’s strict data privacy and compliance standards require Infosys to adapt its AI solutions carefully.
  • Talent Retention: High demand for AI talent in Zurich may pose recruitment challenges.

Bottom Line: Infosys’ new Zurich office is a strategic move to cement its role as a leader in AI-driven enterprise transformation in Europe. It positions Infosys to compete strongly in Switzerland’s digital economy while expanding its global innovation network.

Swiss-based Energy Management Firm Landis+Gyr Signs Partnership With Tata Consultancy Services (TCS)

Swiss-based Energy Management Firm Landis+Gyr Signs Partnership With Tata Consultancy Services (TCS)

Cham, Switzerland based Landis+Gyr, a global leader in energy management solutions, has signed a strategic partnership with Tata Consultancy Services (TCS) to deliver enhanced energy efficiency solutions for utilities.

This collaboration aims to empower utilities to help their commercial and industrial customers achieve sustainability goals, improve operational efficiency, and reduce carbon emissions.

Over the next three years, TCS Clever Energy™ will be integrated with Landis+Gyr's advanced smart metering and grid management technologies, creating a comprehensive energy management solution for utilities, said the Switzerland based company in a press release. 

TCS Clever Energy™ is an enterprise-level energy and emission management system designed to help commercial and industrial organizations improve their energy efficiency, reduce carbon emissions, and achieve sustainability goals.

This partnership will enable utilities to meet the complex energy demands of their clients while offering advanced tools to optimize energy usage and achieve sustainability targets.

Landis+Gyr operates in the energy management and smart grid technology industry. They specialize in developing advanced metering infrastructure (AMI), smart metering solutions, grid edge intelligence, and data analytics services.

TCS Clever Energy™ has been implemented across various sectors, including retail stores, warehouses, offices, and malls, helping them realize energy savings and reduce their carbon footprint.

Amith Kota, Global Chief Technology Officer at Landis+Gyr, emphasized the importance of this collaboration: “The partnership with TCS brings pivotal technological expertise to our expanding flexibility management offering. By integrating TCS Clever Energy™ capabilities into our portfolio, we now provide a solution that supports utilities in delivering energy efficiency and sustainability solutions to their commercial and industrial customers. This ensures grid resilience while enabling utilities to meet both their and their customers’ sustainability goals.”

Anupam Singhal, President of Manufacturing at TCS, added: “We are delighted to partner with Landis+Gyr to help utilities optimize their operations and offer innovative energy efficiency solutions to their customers. The combination of Landis+Gyr’s expertise in smart metering, grid resiliency, and flexible demand management, and TCS Clever Energy’s self-learning capabilities, will help utilities and their customers accelerate their journey toward carbon neutrality.”

Tech Mahindra Successfully Implements Digital Platform for Switzerland's Largest Pvt Telecom Co. Sunrise

Tech Mahindra Successfully Implements Digital Platform for Switzerland's Largest Pvt Telecom Co. Sunrise

Cloud-native BSS platform cuts average MVNO onboarding time for telcos by 70% through digitalisation and intelligent automation

Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering solutions and services, has announced the successful implementation of the greenfield digital MVNE (Mobile Virtual Network Enabler) platform for Sunrise. Headquartered in Zurich, Sunrise is the largest private (not state-owned) telecom operator in Switzerland that offers industry-leading mobile, internet, TV, and fixed network services to private and business customers.

The cloud-native MVNE platform will enable Sunrise to drive digital-first and simplified customer journeys for MVNOs (Mobile Virtual Network Operators). The implementation will assist MVNOs in accelerating market time, optimising technology architecture, and reducing costs. It will empower Sunrise to achieve Zero-Touch and Zero-Trouble MVNE operations. Additionally, it provides robust data protection measures, ensuring data security and integrity, aligning with the requirements of General Data Protection Regulation (GDPR).

Vikram Nair, President, EMEA Business, Tech Mahindra, said, “The seamless onboarding and integration of MVNOs (Mobile Virtual Network Operators) on their network is a challenge for Telcos as it is complex, tedious, and expensive to manage in the long run. The need of the hour is to leverage a truly digital, comprehensive Business Support Systems (BSS) platform using Microservices and Open API (Application Programming Interface) standards for agility, flexibility, and scalability. Our implementation of the BSS platform has supported Sunrise to reduce their onboarding time of MVNO significantly. This accomplishment further strengthens our long-standing partnership with them.”

Tech Mahindra delivered the MVP (Minimum Viable Product) for this platform within a timeline of less than nine months. The platform was then commercially rolled out by Sunrise, subsequent to which they onboarded their first MVNO on this platform, a post-paid reseller.

Robert Redeleanu, Chief Business Officer at Sunrise, said, “Tech Mahindra has fully fulfilled our expectations in delivering a robust and best-fit MVNE (Mobile Virtual Network Enabler) solution to kick start a new digital era for our MVNO (Mobile Virtual Network Operators) partners. The state-of-the-art solution has supported us to deliver fully digitalised customer experiences. We are looking forward to leveraging this platform within our wholesale and B2B (Business-to-business) sector to offer new products and solutions.”

This partnership is in line with Tech Mahindra’s NXT.NOW™ framework, which aims to enhance ‘Customer Centric Experiences’ and focuses on investing in emerging technologies and solutions that accelerate digital transformation and help us to meet the evolving needs of our customers.

About Sunrise GmbH

Sunrise LLC, a wholly owned subsidiary of Liberty Global, is the largest private telecommunications company in Switzerland. Sunrise offers industry-leading mobile, Internet, TV and landline services for private and business customers.

For further details please visit www.sunrise.ch and www.libertyglobal.com.

About Tech Mahindra

Tech Mahindra offers innovative and customer-centric digital experiences, enabling enterprises, associates, and society to Rise for a more equal world, future readiness, and value creation. It is a USD 6.5+ billion organisation with 146,000+ professionals across 90 countries helping 1250+ global customers, including Fortune 500 companies. It is focused on leveraging next-generation technologies including 5G, Metaverse, Blockchain, Quantum Computing, Cybersecurity, Artificial Intelligence, and more, to enable end-to-end digital transformation for global customers. It is the first Indian company in the world to have been awarded the Sustainable Markets Initiative’s Terra Carta Seal, which recognises global companies that are actively leading the charge to create a climate and nature-positive future. It is the fastest growing brand globally in ‘brand value rank’ and among the top 7 IT brands globally in brand strength with AA+ rating. With its NXT.NOWTM framework, Tech Mahindra aims to enhance ‘Human Centric Experience’ for its ecosystem and drive collaborative disruption with synergies arising from a robust portfolio of companies. It aims at delivering tomorrow’s experiences today and believes that the ‘Future is Now’.

Tech Mahindra is part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies with 260000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology, and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Swiss Manufacturer KWC Selects Tech Mahindra for Its End-to-End IT Services

Swiss Manufacturer KWC Selects Tech Mahindra for Its End-to-End IT Services

Multi–year partnership to transform KWC’s existing IT operations by providing agile, scalable, resilient, and intelligent tech support

Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, today announced that it has been selected as a strategic partner for KWC Group AG, an international premium manufacturer of taps and comprehensive sanitary solutions. With this partnership, Tech Mahindra will support a significant part of KWC's end-to-end IT services, harmonising and consolidating the current services to one dedicated supplier.

Tech Mahindra is set to play a pivotal role in KWC's business transformation journey, enhancing operational efficiency through automated IT operations across business applications and global IT infrastructure. As a strategic partner, Tech Mahindra will standardise global system management and provide end-user services, aiming to boost operational efficiencies throughout KWC's value chain. Additionally, the organisation will be responsible for managing KWC's end-to-end IT operations, with a focus on customer centricity and measurable business growth, thereby ensuring the delivery of world-class customer experiences.

Mukul Dhyani, Business Head, Continental Europe at Tech Mahindra, said, "As operating challenges intensify, a consolidated managed services approach to critical functions can deliver better business outcomes and drive growth. We look forward to supporting KWC's business transformation journey by providing operational excellence, speed, and agility to achieve their business goals. This partnership is yet another milestone and testament to our growing footprint in Switzerland and the DACH region."

KWC has achieved significant achievements as of the end of 2022, following its acquisition by Equistone in the previous year. Using SAP Public Cloud solutions, KWC has successfully delivered a fully cloud-based landscape for its Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Product Data Management (PDM), Human Resources (HR), and marketing applications. This cloud infrastructure is now operational for all entities, spanning China, the Middle East, and Europe. As part of the partnership, Tech Mahindra will assist KWC in consolidating all business applications and infrastructure domains, aiming to drive operational efficiency and innovation.

Menno Vlietstra, Group Head of IT at KWC, said, "Building a strong partnership with one of the leading IT providers allows for better cost-effectiveness, greater innovation and enables our organisation to stay competitive in the rapidly evolving digital landscape. The partnership with Tech Mahindra will help us to speed up the transformation, ensure up-to-date IT services, and increase flexibility at a lower cost."

The partnership with KWC is in line with Tech Mahindra’s NXT.NOWTM framework, which enhances the 'Human Centric Experience' and focuses on investing in emerging technologies and solutions that enable digital transformation to meet the evolving needs of its customers.

About KWC Group AG

KWC Group AG is an international premium manufacturer of taps and comprehensive sanitary solutions. The Group manufactures high-quality products for domestic consumers, (semi-)public institutions and the medical sector at six locations throughout Europe and Asia. The headquarters of KWC Group AG are in Unterkulm, Switzerland. The Group employs more than 1000 staff worldwide.

About Tech Mahindra

Tech Mahindra offers innovative and customer-centric digital experiences, enabling enterprises, associates, and society to Rise for a more equal world, future readiness, and value creation. It is a USD 6.5+ Billion organisation with 146000+ professionals across 90 countries helping 1250+ global customers, including Fortune 500 companies. It is focused on leveraging next-generation technologies including 5G, Metaverse, Blockchain, Quantum Computing, Cybersecurity, Artificial Intelligence, and more, to enable end-to-end digital transformation for global customers. It is the first Indian company in the world to have been awarded the Sustainable Markets Initiative’s Terra Carta Seal, which recognises global companies that are actively leading the charge to create a climate and nature-positive future. It is the fastest growing brand globally in ‘brand value rank’ and among the top 7 IT brands globally in brand strength with AA+ rating. With its NXT.NOW™ framework, Tech Mahindra aims to enhance ‘Human Centric Experience’ for its ecosystem and drive collaborative disruption with synergies arising from a robust portfolio of companies. It aims at delivering tomorrow’s experiences today and believes that the ‘Future is Now’.

Tech Mahindra is part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies with 260000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology, and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

In A 1st in the World, Switzerland Considering Banning EVs During Winters

In A 1st in the World, Switzerland Considering Banning EVs During Winters
Electric vehicle is being promoted worldwide. But there is a country mulling to ban electric vehicles. Switzerland may be the first country in the world to ban electric vehicles.

Switzerland is considering banning electric vehicle to avoid the energy shortage in winter season. Electricity supplies in Switzerland are imported from neighboring countries France and Germany and this year France and Germany themselves are facing energy, due to which Switzerland may have problems in supplying natural gas.

As the war between Russia and Ukraine continues since February, there has been an increased possibility of scarcity of gas in European countries. In the last several decades, France has to meet its need by importing energy for the first time.

The Swiss Federal Electricity Commission said in June this year that there could be a problem in supplying solar power in winter. Not getting electricity from the French Nuclear Power Generation can increase the risk of energy crisis in the country.

According to the media reports, the Swiss authorities have proposed an Ordinance called the 'Ordinance on Restrictions and Prohibitions on the Use of Electric Energy'.

At the moment, the ordinance is only a proposal that the Swiss Federal Council is preparing to adopt in preparation for a potential energy shortage in the country. If the country faces an energy crisis, it outlines four stages of escalation. Only at the third level of escalation, the restrictions on EVs will become effective.

According to Switzerland's agency elcom, which is the Switzerland's independent regulatory authority in the electricity sector, EV charging can be banned in Switzerland due to lack of electricity. This step can be taken in order to save electricity in cities. The agency plans that charging electric vehicles can be allowed only in absolute necessacity.

Switzerland's Energy Agency has made a four-stage plan to reduce energy use. The electricity agency of the country has had to take this step as energy demand increases in winter. In Europe, winters are quite colder than south Asian countries' winter, due to which the demand for energy increases the season.

Switzerland has said that the ban on electric vehicles could be a one-time move.

This could be one of the examples on How serious the problem of energy has taken in European countries.

DXC Technology Company Luxoft Announces New Office in Chennai

Luxoft Chennai Office Opening
Luxoft Chennai Office Opening
Luxoft expands presence in India with opening of new Chennai office. 

The new site will extend Luxoft’s ability to understand, develop, and seamlessly deliver tailor-made, end-to-end software solutions to clients in Chennai and across the region

Luxoft, a DXC Technology Company (NYSE: DXC), has announced a new office in Chennai, India, to increase its support capabilities and service offerings for its customers in the subcontinent. The new center in Chennai has a headcount of 170 top professionals, with plans to expand to 500 in the next two years.

Represented in 21 countries with 17 000+ employees globally, Luxoft is headquartered in Zug, Switzerland. 

The Chennai office will spur change as one of Luxoft’s Global Delivery Centers (GDC), extending the reach of Luxoft’s global solutions offerings to more effectively and precisely support regional clients, many of whom are in verticals such as banking and capital markets, oil and gas, and automotive. Luxoft’s expansion in Chennai comes at a time when the country is experiencing tremendous growth in the technology industry, thanks to a vast talent pool, an accelerated pace of digital transformation, and the robust development of the banking and capital markets sector.

Luxoft Chennai Office Opening
Luxoft Chennai Office Opening

For Luxoft, a sustained growth strategy and maintenance of ethos are equally as important as agility,” said Madhusudan Deshpande, Managing Director for India & APAC, Luxoft. “By establishing new capabilities in Chennai, we will be able to employ our talent and resources to understand, develop, and seamlessly deliver tailor-made, end-to-end software solutions to our clients in Chennai and across the region.”

Luxoft’s new office is located in the Guindy district of Chennai, positioning it favourably among other business parks and other large tech firms and offering employees and visitors easy access to transportation and amenities. The office will facilitate hybrid work with unique and vibrant open spaces that support collaborative, in-office work environments. Additional features include well-equipped meeting rooms that can host online and offline meetings simultaneously as well as a relaxation area where employees can unwind and recharge.

The Chennai office is Luxoft’s third office in India, following Bengaluru, which was established in 2017, and Pune, established in 2020. In addition to expansion efforts in India, Luxoft has also amplified its presence across the Asia Pacific region in recent years. Luxoft’s global footprint now stretches across five continents and 23 countries, with more than 17,000 employees.

Madhusudan assumed the leadership of Luxoft APAC in 2017 when Luxoft India began its operations.

With over 27 years of experience in the tech industry, Madhusudan has a clear vision & ability to seamlessly leverage his knowledge in various functions that include business development support, customer management, strategic investments, multi-disciplinary engineering services management, and setting up and growing new global development centres, all of which have led Luxoft onto the growth path that we witness today.

About Luxoft

Luxoft, a DXC Technology Company (NYSE: DXC), is a digital strategy and software engineering firm providing bespoke technology solutions that drive business change for customers the world over. Luxoft uses technology to enable business transformation, enhance customer experiences, and boost operational efficiency through its strategy, consulting, and engineering services. Luxoft combines a unique blend of engineering excellence and deep industry expertise, specializing in automotive, financial services, travel and hospitality, healthcare, life sciences, media and telecommunications. For more information, please visit luxoft.com


World's Largest CO₂ Removal Plant Switching On Today in Iceland



Zurich, Switzerland-based insurance firm Swiss Re and Swiss-based startup Climeworks are partnering to combat climate change by setting up world's first large-scale Direct Air Capture (DAC) + storage plant. The plant, known as Orca, will annually draw down a volume of emissions equivalent to about 870 cars.

Orca, the largest DAC plant in the world will open today (Sept. 8) in Iceland - 5pm CET / 3pm GMT / 11am EST.

Swiss Re and Climeworks have signed the world’s first long-term purchase agreement for direct air capture and storage of carbon dioxide, worth USD 10 million over 10 years.



The Orca facility consists of 8 collector containers, with an annual capture capacity of 500 tons each. The containers are arranged around a central process hall that accommodates all electrics, such as the processing unit, allowing us to operate and control the facility from afar. The heat and electricity required to run the direct air capture process is supplied by the Hellisheidi Geothermal Power Plant. An important aspect was that Orca is smoothly integrated into the beautiful Icelandic landscape. Climeworks, therefore, says that it chose earthy colours and natural materials that give it a natural touch.

The technological carbon removal solution offered by Climeworks in Iceland filters carbon dioxide (CO2) from ambient air using geothermal energy. The captured CO2 is then sent for permanent storage in nearby rock layers. It is dissolved in water and pumped deep underground, where it reacts naturally with the surrounding basalt rock to form stable carbonate minerals – the CO2 literally turns into stone. This is considered the safest, most durable form of all carbon removal solutions that are commercially available today.


Further, Climeworks has also signed agreement with Carbfix for the safe storage of the CO₂ through underground mineralization. The underground basaltic rock formations in Iceland provide the ideal conditions for this process, providing a permanent solution for CO₂ storage. The energy required to run the direct air capture process comes from purely renewable resources and is supplied by ON Power, operating the Hellisheidi Geothermal Power Plant.

Climework's machines consist of modular CO₂ collectors that can be stacked to build machines of any size. The startup's Orca plant will take carbon dioxide removal to the next level by combining Climeworks' direct air capture technology with the underground storage of carbon dioxide provided by Carbfix. Orca will capture 4000 tons of CO₂ per year - making it the world's biggest climate-positive facility to date.

Avaloq’s Acquisition by NEC Successfully Completed

Avaloq, a Swiss-based global leader in digital banking solutions and wealth management technology, and Japan-based NEC Corporation today announced the closing of NEC’s acquisition of Avaloq. Each being a market leader in their own field, the combination of their shared vision, technological strengths, and global presence, will accelerate both companies’ long-term growth, global expansion and value creation strategy. 

This acquisition was first announced in October 2020, and following receipt of the relevant regulatory approvals, the acquisition was completed on December 22, 2020. NEC now holds 100% of Avaloq’s shares, including the 45% previously held by private equity firm Warburg Pincus, as well as the remaining shares held by Avaloq’s founder Francisco Fernandez and by employees.

Founded in 1985, Avaloq provides powerful cloud solutions for banks and wealth managers around the globe through business process as a service (BPaaS) and software as a service (SaaS) along with on-premise solutions. Avaloq’s vision for the future of wealth management is to maintain the human relationship an investor has with an advisor, to enhance the relationship through technology and to increase engagement and satisfaction. The democratization of wealth management will allow more people to have access to a greater quantity and quality of investment strategies and advice that was once reserved for ultra and high net worth individuals only.

With more than 120 years of expertise, NEC is a leader in the integration of IT and network technologies that benefit businesses and people around the world. Listed on the Tokyo stock exchange, NEC is a truly global organization with office locations in more than 50 countries.

 

Masakazu Yamashina, Executive Vice President of NEC and new chairman of Avaloq, said: “With its 35-year heritage and focus on innovation in digital banking solutions, core banking software and wealth management technology, Avaloq is uniquely qualified to launch NEC into the Digital Finance field, which together with Digital Government, is one of the pillars for building NEC’s global growth. Our joint value proposition will build on Avaloq’s reliable digital finance products and the trust it has established amongst its clients, coupled with NEC’s cutting-edge technologies, global business network and digital government domain knowledge.”

Jurg Hunziker, CEO of Avaloq, said: “Avaloq will be entering a new era together with NEC. This transaction has generated much interest and we truly believe that NEC is the best partner for our business. Our solutions will only evolve for the better when leveraging NEC’s proven expertise with technologies related to Digital Identity, Artificial Intelligence, Verification, Blockchain, Cybersecurity, and Biometrics. In addition, our innovation capabilities will be elevated with NEC’s strong commitment to Research & Development, evidenced by the resources it has placed towards this, including dedicated facilities in Heidelberg, Germany. I am very much looking forward to starting this new part of our exciting growth journey together with NEC."




Swiss-based Streamr launches a Data Challenge for the Indian Developer Ecosystem


Streamr, the world's leading decentralised network for real-time data, today announced their plans to expand their developer ecosystem to India with the launch of the Streamr Data Challenge, an open innovation program that leverages the Indian developer ecosystem to build digital-first applications that can integrate with Streamr's Data Union framework. The open innovation program will provide winning projects with up to $5000 in funding along with seed funding opportunities through its investor network and mentoring to build a strong foundation for capital-efficient growth on a case-by-case basis depending on viability.

Through the Data Challenge, Streamr will enable app developers across India to identify solutions that offer data monetisation opportunities to its users, with the aim of decentralising data control away in an emerging global and massive machine data economy. For example, Streamr's Data Union framework could be integrated into an existing fitness app to enable users to sell their workout-routine information.

 Spanning over 4 months, the program includes incentives such as a $200 USD grant to each team that qualifies for the first cohort. The Data challenge will be interspersed by multiple meetups and webinars and will begin with a one-week long mentor session, followed by a two-week-long intensive acceleration period. The ongoing support ranges from access to tech guidance on projects, networking opportunities, PR support, and more.

India is leading the global data consumption market with the increasing mobile data connectivity (3G/4G), falling data tariffs, rising smartphone penetration, and growth in broadband connectivity across India. The exponential data growth in India is projected to continue, with internet traffic expected to increase four-fold from 21 exabytes in 2016 to an estimated 78 exabytes in 2021 as per the report by Omidyar Networks. Streamr understands the huge concern to data privacy and the need to identify feasible concepts solving problems in the big data space and thereby expand their developer base in India. 

"We are very excited to connect with the vibrant developer ecosystem in India! We think that Streamr's Data Union framework can be used as a meaningful tool to solve key problems in data collection, usage, and availability - problems that consumers and businesses face on a daily basis. The goal of the Streamr Data Challenge is to build new tools to democratize the value of our data and to find new ways for users to own and control their data. ," said Henri Pihkala, Founder and CEO of Streamr.

Streamr is a distributed, open-source, software project,  founded in 2017 with the mission of creating a decentralized platform to trade and distribute information while allowing people to regain control over the data they produce. Through its Data Union concept, individuals can crowd sell their information through the Streamr Network along with their fellow Data Union members. Designed for safe data delivery and exchange, the Streamr Network is scalable, low-latency, and secure. 

The 16-week 'Streamr Data Challenge' hackathon is launched in partnership with Lumos Labs, an innovation management firm specializing in running technology open innovation programs in India. The registrations are open from today for developers across India. For more details on the challenge and the registration process, visit - https://www.streamrdatachallenge.com/


About Streamr - 

Streamr is a distributed open-source project, crowdfunded in 2017. The project's goal is to build the decentralized infrastructure for real-time data, replacing centralized message brokers with a global peer-to-peer network. By relying on cryptography instead of trust, the open-source network aims to enable data sharing and monetization in IoT and smart cities, business consortia, individual crowd selling through Data Unions and the decentralized web (Web 3.0).

The Streamr tech stack includes a pub/sub messaging network, a data marketplace to trade and crowd sell real-time data, and a real-time data toolkit.

For more details, visit - https://streamr.network/


About Lumos Labs:

Lumos Labs is a Singapore based innovation management firm that specializes in running technology open innovation programs. Founded in 2018, the company has run several accelerators and open innovation programs for international firms.

For more details, visit - http://lumoslabs.co/

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