Majority of people in India plan to take a vacation this month and many of them desire to visit London for holidays, a study has said.
An analysis of 2.50 lakh online conversations has found that international destinations received the most buzz (32 per cent) on all social media platforms and London emerged as the most talked about city for spending holidays.
According to the study by IBM, about 59 per cent of people in India are “looking forward” to taking vacation this month.
While destinations with beaches and palaces were on top of the list for vacations, Goa came out as the most desired place for a holiday followed by Delhi, Agra and Jaipur, on the domestic front.
The study found that as much as 33 per cent of social media conversations tracked revolved around travel and hospitality such as flying, driving and vacations with family and friends, among others.
“Measuring social sentiment has the potential to enable the travel industry to design travel offers and services tailored to what travellers are telling us,” IBM India & South Asia Global Business Services Partner Lata Iyer said.
In a few months from now, or at least sometime next year, a few IBM partners will release a series of software products that will be unlike anything people have encountered so far. Instead of doing a task for you through a software program, these products will prepare you instead to do that task yourself. You could ask the computer about your health, a home purchase, or a travel plan. You don’t need visits from sales executives for product briefings. The computer will gently guide you to make the right choice at the right time.
Currently, these products are being built around Watson, the famous IBM computer that won the Jeopardy championship. To be precise, it is built around a more compact and powerful machine than the Jeopardy champion. IBM threw open this machine to programmers on the cloud three weeks ago to build products and services in a few industries to begin with. IBM has applications from 200 potential partners, including a few from India, focused initially on healthcare, financial services and travel. “We are trying to build an ecosystem of partners around Watson,” says Jay Subrahmonia, vice-president of development and delivery, Watson Solutions at IBM.
IBM calls it cognitive computing, to distinguish it from the more common term, artificial intelligence. It is purportedly the next wave of computing, infinitely more powerful and long-lasting than any other computing wave we have seen. It changes the way we interact with computers, the reason we use computers, and also the way we program computers. It is a big business opportunity as well. Just the global healthcare market for such systems is projected to increase from $201 million now to $239 billion by 2019, according to the market research firm WinterGreen Research.
Draper Fisher Jurvetson-backed Bharat Light & Power Pvt. and International Business Machines Corp. (IBM) are combining efforts to boost the electricity output of wind farms in India, seeking to expand capacity fivefold.
Under a 10-year agreement, IBM’s technology will raise the profitability of Bharat Light projects by better managing wind-farm data, said Balki Iyer, chief development officer of the renewable developer founded by the former country head of General Electric Co. (GE), Tejpreet S. Chopra.
Clean-energy utilities such as Bharat Light and Morgan Stanley-backed Continuum Wind Energy Pte are sparking a shift in India’s wind industry by focusing on maximizing generation as they compete against fossil-fuel plants to deliver power. India, fighting blackouts that restrain its growth, is trying to cut dependence on imported fossil fuels and double clean energy capacity to about 59 gigawatts by 2017.
“These projects are usually located in very remote parts of India and the level of intelligence dispatched from the field is low,” Iyer said today in a phone interview. The collaboration with IBM will allow Bharat Light to generate power at levels “way beyond” what wind farms, often managed by turbine suppliers in India, currently can do, he said.
IBM has announced the launch of IT Operations Analytics in India, a new category of software which leverages both cognitive computing and predictive analytics to help companies more easily predict and respond to opportunities and challenges hidden in data. The new software will help a company predict future outcomes, search and discover, and optimize its IT infrastructure by unlocking insights within the data generated by systems, files, databases and servers.
Today, organizations are increasingly faced with managing a complex IT system of servers, networks and applications. Combined with the proliferation of mobile and cloud computing environments, these systems can generate more than 1.3 terabytes of data per day, including log files, software error alerts, IT service tickets and network configuration updates. This can result in more than one million “events” or system alerts per day, some of which are critical to performance and others that are irrelevant, which can bog down systems administrators.
“IBM has a rich heritage of innovation in applying analytics to numerous areas and industries. Now, we are extending that expertise to IT Operations data,” said Omkar Nimbalkar, Director, Cloud, Smarter Infrastructure & Security Software, India Software Labs, IBM India. “By applying cognitive intelligence to clients’ IT infrastructure, they’re now able to gain valuable insights from Big Data, instead of just focusing on how to cope with its volume. This access to real-time knowledge can help predict and prevent IT downtime, improve productivity and generate cost savings, and is something no other vendor can provide,” he said.
As a business consulting partner, IBM is working with DMICDC to support one of the biggest industrial development projects of the government of India by helping build smarter and sustainable cities.
The Delhi-Mumbai Industrial Corridor (DMIC) is India’s most ambitious infrastructure program aiming to develop new industrial cities as “smart cities” spanning across six states in India.
With the aim of providing digital connectivity among townships DMICDC selected IBM for the company’s expertise in the area of Smarter Cities.
“We are pleased to have IBM as one of the key partners for this project to develop a city based on international standards in close proximity to Dighi Port. This will enhance economic growth, global competitiveness, social inclusion, and environmental sustainability in select cities,” said Amitabh Kant, chief executive officer and managing director, Delhi-Mumbai Industrial Corridor (DMIC).
Big Data Insights to connect customers with contextual information on the go, deliver personalized offers
IBM has announced a first-of-a-kind engagement with IndusInd Bank, a Mumbai-based, new generation private bank that offers retail, commercial, transactional and electronic banking products and services. IBM will provide innovative technology – to enable IndusInd Bank to deepen customer relationships by delivering personalized, location – based recommendations and offers in real time.
IBM Research – India has developed a new technology that connects people with contextual information. Once a user has opted-in for the service, the tool cross-references the user’s location with the user’s activity to provide useful insights. As users conduct daily transactions, such as buying airline tickets, or shopping at the mall, the system sends relevant promotions by Email, and mobile alerts as per user preferences.
CEOs and C-Suite leaders around the world are reassessing how to serve their customers not as a mass audience, but as individuals with personalized needs. As part of its broader strategy, IndusInd Bank is making a major investment to transform its entire front office – every system, process and person that touches the customer – to better anticipate, respond to and capitalize on future events quickly and ahead of its competition.
Fiscal performance alone cannot sustain future businesses. Success or failure will also be guided by societal relationship and environmental responsibility, says Jose Polackal, business development lead, government & education industry, IBM India.
We are now in a new era where the technological Zeitgeist is defined by how evolved social media is. And one way to look at it is this phenomenon called ‘Social Business‘. In the foreseeable future, social media will influence the performance of every business establishment and every government entity. Stakeholders (the consumers or the citizens), and not just shareholders, who are collaborating on social media are going to influence the business imperatives of every enterprise.
This means business has to concentrate more on three bottom lines – the triple bottom line being fiscal, societal and environmental and not the single bottom line. Fiscal performance alone cannot sustain future business; rather it will have to include societal relationship and environmental responsibility. Herein lies the importance of a social media strategy for every enterprise.
As of November 2012, Facebook had over 1.2 billion active users. There were over 500 million registered users in Google+ by the end of 2012. By the summer of 2013, Twitter had over 554 million active users. This social networking population is a significant subset of the 2.27 billion internet users in 2012, and on an average this is 20% of the world population.
This 20% of the world population may very well be controlling the consumer market (mainly the finished products) as they, probably, represent the population with the maximum buying power. Again, this 20% influence the governmental policies and the corporation and enterprise agenda for the future to a larger extent. This leads to the Pareto principle – 20% of the population chart out our future, and 80% follows.