25, Jul 2024
Indxx Licenses Artificial Intelligence & Big Data Index to Global X Japan for an ETF
July 25, 2024 – Indxx, a provider of indexing solutions for exchange traded funds (ETFs), is pleased to announce the licensing of the Indxx Artificial Intelligence & Big Data Index to Global X Japan. The Index serves as the underlying benchmark for the Global X Artificial Intelligence & Technology ETF (Ticker: 223A), which started trading on the Tokyo Stock Exchange today.
The Indxx Artificial Intelligence & Big Data Index is designed to track the performance of companies that are positioned to benefit from the development and utilization of Artificial Intelligence (“AI”) technology in their products and services, as well as companies that produce hardware used in AI applied for Big Data analysis.
Rahul Sen Sharma, President and Co-CEO at Indxx said, “The advancements in Artificial Intelligence and Big Data have ushered in a new era of innovation and economic growth. The global AI market was valued at $196.63 billion in 2023 and is projected to reach $1,811.75 billion by 2030.1 On the other hand, the Big Data market is anticipated to reach $401.20 billion by 2028, with an estimated CAGR growth rate of 12.7% from 2023 to 2028.2 This rapid expansion is a testament to the immense potential within the AI & Big Data sectors. This marks the sixth product tracking the Index, with other funds having over $2 billion in assets tracking them cumulatively. The success of these funds reflects increasing investor confidence in these transformative technologies. We are excited to partner with Global X Japan to bring this innovative investment strategy to the Japanese market.”
Vaibhav Agarwal, Chief Product Officer at Indxx, added, “The Indxx Artificial Intelligence & Big Data Index employs a research-focused methodology to provide access to leading companies engaged in the development of AI & Big Data, along with the companies offering AI-related hardware, encompassing Artificial Intelligence Developers, Artificial Intelligence-as-a Service (“AIaaS”), Artificial Intelligence Hardware, and Quantum Computing. By partnering with Global X Japan, we are thrilled to allow a new cohort of investors to increase their exposure to global AI & Big Data leaders.”
As of July 25, 2024, the index has 84 constituents. The index has been backtested to January 31, 2014, and has a live calculation date of May 2, 2018. For additional information, please see here.
1. Grand View Research 2. MarketsandMarkets
About Indxx
Founded in 2005, Indxx aims to deliver innovative and custom indexing and calculation solutions to the investment management community at large.
Indxx and products tracking its indices have been nominated for and received numerous awards, including ‘Index Provider of the Year’ at the With Intelligence Mutual Fund & ETF Awards 2022 & 2023, ‘Best Index Provider – Emerging Markets ETFs’ at the ETF Express US Awards in October 2020, and ‘Most Innovative ETF Index Provider Americas’ at the 14th Annual Global ETF Awards in July 2018.
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- By Rabindra
9, Jan 2024
“Emerging Business Trends: Evaluating Prices, Frameworks, and Strategic Maneuvers in Startup Integrations”
Karan Gupta – Co-Founder and Director at KAPSO
In the dynamic landscape of startup integrations, 2024 is poised to be a year of transformative change, driven by evolving pricing strategies, innovative frameworks, and strategic maneuvers. This article delves into these emerging trends, drawing insights from recent studies and case examples.
1. The Rise of Fintech M&A and Roll-Ups
The fintech sector is witnessing a surge in mergers and acquisitions (M&A), as highlighted in a Forbes article. This trend is partly fueled by the need for startups to scale rapidly and acquire complementary technologies. However, the impending bankruptcy of Thrasio, a prominent player in the space, serves as a cautionary tale. It underscores the importance of a well-thought-out M&A strategy where the combined entity is greater than the sum of its parts.
2. Programmatic M&A: A Tech-Driven Evolution
As per insights from Spiceworks, programmatic M&A, characterized by making multiple acquisitions per year, is becoming a preferred growth strategy. This approach, powered by modern technology, enables companies to establish best practices and gain access to new markets without overextending resources. However, the high failure rate of M&A (60-70%) necessitates a cautious approach, emphasizing the need for robust due diligence and integration planning.
3. Pricing Strategies in M&A
Pricing remains a critical factor in the success of M&A. A fair price balances the value created against the value paid. As startups often base their M&A on the promise of “synergies” and operational efficiencies, it’s crucial to account for the uncertainties associated with these expectations. The transaction price should reflect potential risks and the time required for synergies to materialize.
4. Incentives and Deal Structures
The alignment of incentives is vital in M&A transactions. Sellers typically seek cash, while buyers aim to retain key talent and mitigate risks. Structuring a portion of the buyout as equity can keep sellers engaged post-acquisition. Additionally, earnouts can bridge valuation gaps, aligning expectations and outcomes.
5. Creating a Margin of Safety
Given the inherent risks in M&A, building a margin of safety is essential. This approach helps ensure that even if not all aspects of the deal go as planned, the overall outcome remains positive. For instance, Thrasio’s challenges with floating rate debt in a rising interest rate environment highlight the importance of considering financial risks in deal structuring.
6. Developing an M&A Playbook
A structured approach to M&A, encompassing ecosystem mapping, target prioritization, and diligent execution, is crucial. This playbook should not only focus on the acquisition process but also on deriving value from the integration. Effective inventory management and demand forecasting are key aspects of this phase.
7. Leveraging Modern Technology
The integration of SaaS tools in M&A processes has led to significant improvements. These tools facilitate better collaboration, comprehensive reporting, and enhanced security, thereby reducing risks and improving the quality of due diligence.
8. AI and the Future of M&A
Artificial Intelligence is set to revolutionize M&A strategies further. AI can assist in identifying potential targets, developing business cases, predicting risks, and generating best practice task lists. This technological advancement will likely streamline M&A processes, making them more efficient and effective.
Conclusion
The landscape of startup integrations in 2024 is marked by a blend of traditional strategies and innovative approaches. While the potential for growth and expansion through M&A is significant, it comes with its set of challenges. Companies must navigate these complexities with a balanced approach, leveraging technology and strategic planning to ensure successful integrations. As the sector continues to evolve, adaptability and foresight will be key to capitalizing on these emerging business trends.
About the Author
Karan Gupta – Co-Founder and Director at KAPSO with a vision to revolutionize the M&A landscape for SMEs in India. His journey from an engineer to a prominent figure in the business brokerage industry is marked by innovation, strategic leadership, and a deep understanding of the financial sector.
Since 2015, Karan has been pivotal in shaping KAPSO’s growth trajectory. Under his guidance, KAPSO has not only facilitated numerous successful M&A deals but also established itself as a trusted advisor in the SME sector.
2, Jan 2024
Newton School of Technology opens first round of admission for Class of 2024
National, 2nd January 2024– Following the tremendous success of the inaugural cohort of the on-campus Bachelor of Technology in Computer Science and Artificial Intelligence program, Newton School of Technology, in collaboration with Rishihood University, is now accepting applications for the online entrance exam NSAT (Newton Scholastic Aptitude Test) for the batch of 2024. Beginning December 22, students from across the country who have secured more than 50% in their Higher Secondary School exams in 2022, 2023 or 2024- from a recognised board can apply for a B.Tech. in Computer Science and Artificial Intelligence here.
Through the early intake round, applicants can avail a bunch of scholarships and increase their chances of admissions. Based on NSAT, Interview scores, JEE, CBSE, KVPY and Olympiads performance, students can avail up to 100% merit-based scholarships for tuition fees. To encourage more students to achieve their academic goals the programme additionally offers higher scholarship on tuition fee for female students across all 4 years. The meticulously curated curriculum of the course is designed to empower individuals to think critically, solve complex problems and thrive in the fast-paced tech first environment ensuring success in the industry. With 2000+ hiring partners, Newton School of Technology (NST) offers students with placement assistance and 6-month industry relevant internships to have practical experience with top-tier companies. Newton School has 3000+ alumni working in top companies with a ₹5-40 LPA placement package.
Located in Delhi NCR, the course offers students opportunities for global exposure with funded international study trips and conferences, classes from international faculty from MIT, Duke University and tech leaders from Amazon, Google, and more. NST students have qualified for ICPC (International Collegiate Programming Contest) regionals- world’s most sought after student coding competition- under the mentorship of industry experts, just in their first semester, outperforming India’s top colleges. The course also offers students the opportunity to pitch their start-up ideas directly to venture capitalists and stand a chance to raise funds with an added advantage of a ₹1 cr start-up fund available to the students.
One of the students enrolled in the program Murali Madhav said, “I am excited to be visiting National Technical University, Singapore, and grateful for the opportunity that Newton School of Technology has provided me. The global exposure of interacting with founders and fellow students across the globe has helped me deep dive into the latest technology with inputs and insights from industry experts. The tech integrated programme played a major role in supporting me score the 1st rank in IEEE Haryana, opening a plethora of opportunities in the future.”
Siddharth Maheshwari, Co-founder, Newton School said, “At NST, we’re bringing the future of tech education to life. Our eight-semester curriculum is designed to evolve and is constantly updated to integrate the latest in Computer Science and AI. This proactive approach keeps us and our students at the forefront of technological advancements, transforming them into nimble, forward-thinking problem-solvers. With fresh batch of students starting the course we look forward to equipping them with the skills and knowledge to tackle real-world challenges and become future tech leaders”
In the first and second years, students focus on programming fundamentals, data structures and algorithms, web development, and foundational software engineering. The third-year advances into intricate user research and growth strategy, mathematics for AI, machine learning, and NLP. The final year centers on entrepreneurship- building start-ups, leading teams, and comprehensive understanding of the start-up environment, preparing students as future tech leaders.
18, Dec 2023
Celebrating Tech Pioneers: Recap of Techlusive Summit & Awards Season 4
The Techlusive Summit & Awards Season 4, presented by IndiaDotCom Digital Private Limited, unfolded as a resounding success, seamlessly weaving together the themes of AI and Web 3.0. The summit featured a stellar panel of experts, and luminaries in their own right, engaging in thought-provoking discussions on the vast opportunities, looming threats, and generative aspects of AI and Web 3.0. Their insights, drawn from the frontlines of industry leadership, offered attendees a panoramic view of the dynamic technological landscape.
This gala was a tribute to companies and products that carved a niche in the consumer electronics domain across diverse categories. The meticulous selection process, orchestrated by a cadre of seasoned experts and analysts, culminated in the triumph of innovation. The fusion of online polling and evaluation by a distinguished jury ensured that only the most deserving took the spotlight.
As the evening unfolded, the much-anticipated panel discussion on the Advent of Artificial Intelligence took center stage. It unraveled the complexities of the current technological landscape, exploring the myriad threats and opportunities that AI presents. The discussions underscored the digital conundrum of our times, where AI not only promises predictability and productivity but also reshapes the very fabric of our daily tasks with efficiency and cost-effectiveness.
The distinguished presence of the chief guest, Dr. Jitendra Singh, Union Minister of State (Ind. Charge) Science and Technology, added an aura of eminence to the proceedings. A Diabetologist, author, and alumnus of Stanley Medical College, Dr. Singh brought a wealth of knowledge and experience to the forefront.
The awards ceremony commenced with a flourish, acknowledging the trailblazers in technology. Each award served as a symbol of triumph, recognizing outstanding contributions to innovation and excellence. The Techlusive Summit and Awards Season 4 transcended the realms of an ordinary event, emerging as a platform that not only honored technological achievements but also ignited insightful discussions on the future of AI and Web 3.0.
The night, with its unfolding chapters of innovation and expertise, stood as a testament to the relentless pursuit of excellence in the ever-evolving tech landscape.
12, Dec 2023
Advancing Careers: M.Tech Specialization in Machine Learning & Data Sciences for Working Professionals
Pursuing a Master of Technology (M.Tech), a specialization in Machine Learning and Data Sciences offers working professionals a unique opportunity to stay ahead in their careers in the rapidly changing fields of technology. This advanced program has specialized knowledge in cutting-edge fields and builds upon a foundation in B.Tech (Computer Sciences and Engineering). Let’s examine the various specializations offered by this program, each designed to satisfy the needs of the ever-changing tech sector.
1. General Specialization:
The general specialization ensures a well-rounded skill set for professionals looking to explore various avenues in the industry by covering a broad spectrum of topics for those seeking a comprehensive understanding of advanced computer science concepts.
2. Cloud Technology & Information Security (In-Collaboration with i-Nurture):
This specialization explores the vital fields of information security and cloud computing in collaboration with i-Nurture. By developing their skills in the designs of scalable and secure cloud solutions, professionals can meet the growing need for experts in these vital fields.
3. Application Development using Cloud & Analytics Platform (In Collaboration with IBM):
This specialization collaborates with IBM and focuses on application development through analytics and cloud platforms. Working professionals can use analytics to make data-driven decisions and improve their skills in developing creative applications.
4. Artificial Intelligence, Machine Learning & Deep Learning:
This specialization gives professionals the tools to create intelligent systems in response to the growing significance of machine learning, deep learning, and artificial intelligence (AI). Candidates must have earned a B.Tech or MCA to be considered for admission to Teerthanker Mahaveer University (TMU) in Moradabad’s Master of Technology (M.Tech) program. In addition, a minimum of 55% in a relevant Master’s degree is required for candidates hoping to pursue an M.Tech. A legitimate GATE score is also an important entrance requirement, highlighting the university’s dedication to choosing applicants with a strong academic and competitive background in the discipline.
5. Artificial Intelligence (In collaboration with i-Nurture):
This specialization emphasizes artificial intelligence specifically in partnership with i-Nurture. An in-depth study of AI techniques, algorithms, and applications is provided to participants, equipping them to tackle problems and develop solutions in this quickly developing field.
6. Data Science (In collaboration with i-Nurture):
As data grows exponentially, organizations seek experts to extract valuable insights. Working together with i-Nurture, the Data Science specialization equips professionals to easily handle and analyze massive datasets and make defensible decisions using insights from data.
7. Data Science (In collaboration with TCS-ION):
This Data Science specialization is designed in collaboration with TCS-ION to satisfy industry demands. By gaining practical experience with the tools and techniques used in real-world data science applications, professionals are better equipped to handle challenging data challenges.
According to Prof.(Dr.) Rakesh Kumar Dwivedi, Director & Principal FoE & CCSIT, TMU Moradabad
“You can embark on a life-changing journey with an M.Tech in Machine Learning & Data Sciences tailored for working people. A solid B.Tech (Computer Sciences and Engineering) base is built upon by this advanced program, which provides a variety of specializations. Whether a student chooses to study the General track for a general overview or delves into the specifics of Cloud Technology, Information Security, or Application Development in collaboration with industry heavyweights like i-Nurture and IBM, the program ensures real-world relevance. like alliances like i-Nurture and TCS-ION, and a focus on AI, ML, DDL, and data science, experts are equipped with cutting-edge competencies for the quickly evolving technological landscape.”
27, Oct 2023
Artificial Intelligence in Its Many Forms Will Be the Most Important Area of Technology in 2024
India, October 27, 2023 — IEEE, the world’s largest technical professional organization dedicated to advancing technology for humanity, today released the results of “The Impact of Technology in 2024 and Beyond an IEEE Global Study,” a new survey of global technology leaders from the U.S., U.K., China, India, and Brazil. The study, which included 350 chief technology officers, chief information officers, and IT directors, covers the most important technologies in 2024 and future technology trends.
Telecommunications, Manufacturing, and Financial Industries Most Impacted by Technology in 2024
The top five industry sectors that will be most impacted by technology in 2024, according to survey responses, are:
● (41%) telecommunications (as compared to 40% in 2023)
● (39%) manufacturing (as compared to 30% in 2023)
● (39%) banking and financial services (as compared to 33% in 2023)
● (31%) automotive and transportation (as compared to 39% in 2023)
● (31%) energy (as compared to 33% in 2023)
AI will be the Most Important Technology in 2024 – Used in Diverse Ways,
Across the Global Economy
What areas of technology will be the most important in 2024? From over a dozen areas of technology, when asked to select the top three, respondents chose:
● (65%) Artificial Intelligence (AI), including predictive and generative AI, machine learning (ML) and natural language processing (NLP)
● (28%) Extended reality (XR), including metaverse, augmented reality (AR), virtual reality (VR) and mixed reality (MR)
● (24%) cloud computing
Other important technologies in 2024 include 5G (22%), and electric vehicles (20%).
In 2024, AI applications and algorithms that can optimize data, perform complex tasks, and make decisions with human-like accuracy will be used in diverse ways, the study finds. Of top potential applications for AI next year, technology leaders surveyed selected:
● (54%) real-time cybersecurity vulnerability identification and attack prevention;
● (42%) Increasing supply chain and warehouse automation efficiencies
● (38%) aiding and accelerating software development, automating customer service
● (35%) automating customer service
● (34%) speeding up candidate screening, recruiting, and hiring time
● (32%) Accelerating disease mapping and drug discovery
● (31%) Automating and stabilizing utility power sources
Survey participants were asked what percentage of jobs across the global economy in 2024 will be augmented by AI-driven software, and 26-50% of jobs was cited by 41% of those surveyed. Over one-quarter (28%) cited 1-25% of jobs; another 26% cited 51-75% of jobs, and 5% cited 76-100% of jobs.
Benefits of Extended Reality (XR), Digital Twin Technologies, 5G and 6G
According to the IEEE survey, virtual simulations using extended reality (XR) and digital twin technologies to more efficiently design, develop, and safely test product prototypes and manufacturing processes will be important in 2024 (63% very important, 29% somewhat important).
Respondents see 5G benefitting the following areas the most in 2024, including greater benefits to transportation infrastructure and sustainability as compared to 2023.
● (54% in both 2024 and 2023) telemedicine, including remote surgery, health record transmissions
● (46% in 2024 vs. 49% in 2023) personal and professional day-to-day communications
● (46% in 2024 vs. 56% in 2023) Remote learning and education
● (43% in 2024 vs. 51% in 2023) entertainment, sports and live event streaming
● (39% in 2024 vs. 29% in 2023) Transportation and traffic control
● (27% in 2024 vs 25% in 2023) manufacturing/assembly
● (30% in 2024 vs 23% in 2023) carbon footprint reduction and energy efficiency
Close to nine out of 10 of global technologists (88%) agree 6G will primarily be an evolving work in progress in 2024, but will be standardized in the next 3-5 years. In addition, a strong majority (94%) of global technologists agree that the development of communication satellites for mobile connectivity will bring parity to some rural and developed regions globally in 2024.
Don’t Count Quantum Out
Generative AI may continue to dominate the technology landscape, but other technologies such as quantum will have significant, if less-noticed impacts (87% agree, including 51% who strongly agree). Furthermore, 86% of respondents agree, that in 2024 quantum computing will gain the most attention for significantly higher computing power – a trillion times higher than that of today’s most advanced supercomputers, as well as for its application to post-quantum cryptography and cybersecurity.
Technologies that foster sustainability continue to be a priority. A strong majority agree (92% agree, including 54% who strongly agree) that they have prioritized sustainability goals for 2024 and beyond, and any technologies their company implements are required to be energy-efficient and help shrink their carbon footprint.
Cybersecurity Concerns Continue
The cybersecurity concerns most likely to be in technology leaders’ top three in 2024 remain the same as last year: data center vulnerability (43% in both 2024, and 2023), cloud vulnerability (42% in 2024, down from 51% in 2023) and security issues related to the mobile and hybrid workforce/employees using their own devices (41% in 2024, down from 46% in 2023). However, the study finds other cybersecurity concerns will rise in 2024, including ransomware attacks (37% in 2024 up from 30% in 2023), phishing attacks (35% in 2024 up from 25% in 2023), and insider threats (26% in 2024, up from 19% in 2023).
