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Startupreporter
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The Evolution of Building Codes- How Technology is Changing the Landscape
- Building codes have evolved over the years and have become comprehensive regulations governing construction projects, ensuring safety, health, and environmental standards are met.
- Building code software, building plan software, and building permit software have revolutionized how codes are applied and enforced, enhancing efficiency and compliance within the industry.
- Factors like modern regulations' complexity and faster project approvals have driven the adoption of technology in building codes.
- India's Maharashtra and Karnataka states are at the forefront of this technological shift, with about 65% and 60% adoption rates of building code software, respectively.
- The positive impact of adopting building code software is multifaceted, including quicker approvals, enhanced compliance, transparency, and cost savings.
- As technology evolves, building codes will likely become even more sophisticated, with the integration of AI, BIM, and other emerging technologies.
- According to Mr. Vijay Gupta, an IIT Mumbai alumnus, technology has to be leveraged in the AEC industry to bring speed, efficiency, and transparency for private as well as public sector organizations.
- About 27+ years old, SoftTech Engineers Limited is a leading IT company facilitating business and technology transformation across the AEC industry through innovative software products and solutions.
- SoftTech has helped more than 4500 clients & government organizations, with more than 25000 users in India and around the world, to gain a competitive edge and lead from the front in the industry.
- Future construction will not only be safer but also more efficient and environmentally sustainable.
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Yourstory
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368
Image Credit: Yourstory
AI will open up opportunities for youths in various sectors, says President Murmu
- Artificial Intelligence (AI) is a priority area that will open up vast opportunities for youths in various sectors, according to President Droupadi Murmu.
- India's success in digital inclusion has surprised the world, and developing low-cost solutions to local problems should be a priority for higher education institutions.
- AI is a transformative tool that will enable youths to make outstanding contributions in engineering and other fields, and it will have a profound impact on society.
- The central government is promoting cutting-edge technology and encouraging start-ups in the AI sector.
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Medium
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390
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How to Build a Mission-Driven Media Company with Zero Funding
- Visionary Tide Media is a mission-driven media venture with a goal to save lives and create a better world.
- The article explores how to start a mission-driven media company with zero funding.
- Defining a clear and compelling purpose is the first step in building a media empire that matters.
- The mission should address specific changes, such as raising awareness around mental health or fighting climate change.
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Inc42
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Nykaa’s Focus On Building Network, Not Quick Commerce: Falguni Nayar
- Nykaa's founder and CEO, Falguni Nayar, stated that quick commerce will not be the sole business channel for the company.
- Nykaa will focus on addressing consumer demand on delivery once the sector reaches a certain size and scale.
- The company's primary focus is on building an extensive network across the country, rather than just a few cities.
- Nykaa recently launched a 10-minute delivery pilot in select parts of Mumbai, covering 5% of its SKU base.
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Inc42
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1.1k
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YouTube Unveils Programme To Boost Revenue For Creators In India
- YouTube has introduced a shopping affiliate program in India to boost revenue for creators and enable viewers to discover products.
- Creators can tag products from websites like Flipkart and Myntra, enhancing monetization options.
- This feature is an addition to the existing YouTube Shopping feature, providing more opportunities for creators to promote merchandise.
- YouTube has been launching various creator-focused offerings, including eligibility expansions and ad revenue sharing features.
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ISN
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The Paan Legacy, Hemptyful, and Polr.Care secure Rs 1 crore each from D2C Insider
- The Paan Legacy, Hemptyful, and Polr.Care have secured funding of up to Rs 1 crore each through D2C Insider's Elevate Growth Accelerator program, Cohort 2.
- Over 50 investors, including D2C Insider Angels and DSG Consumer Partners, participated in the funding round.
- The 12-week accelerator program focused on refining business strategies and providing mentorship to startups in the direct-to-consumer sector.
- D2C Insider plans to launch Cohort 3 of the Elevate Growth Accelerator program in November 2024.
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SiliconCanals
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London’s Kraken acquires Rotterdam-based smart charging startup Jedlix: Here’s why
- London-based Kraken has acquired Rotterdam-based smart charging startup Jedlix.
- Jedlix provides smart EV charging solutions and has API integration agreements with EV and charger manufacturers and energy companies.
- The acquisition strengthens Kraken's position as a provider of flexible demand management solutions for utilities.
- The Jedlix facility in Rotterdam will be transformed into a Kraken technology hub.
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VIE Stories
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368
Image Credit: VIE Stories
Harnessing AI in Forex: How Trading Bots Are Redefining Investment Strategies
- AI-powered trading bots are transforming how traders and investors approach currency trading by analyzing vast amounts of data, predicting trends and making real-time trading decisions faster and more accurately.
- AI bots offer key features like real-time data analysis, automation, efficiency, and adaptability which sets them apart from traditional, rules-based trading algorithms.
- AI-powered trading bots excel in executing trades within milliseconds of identifying a potential opportunity, which is impossible for human traders to achieve consistently.
- AI-powered bots are designed to help manage risks in forex market by using pre-programmed rules and dynamically assessing risk in real-time and make data-driven decisions.
- AI bots can make decisions based on hard data, removing emotional bias and increasing consistency, thereby avoiding impulsive decision-making, which is one of the primary reasons traders struggle with consistency.
- AI bots learn from past trades, refining their strategies as they gain more experience which is critical in a fast-changing market like forex, where conditions can shift unexpectedly.
- AI-powered trading bots are increasingly able to analyze news articles, speeches from influential figures to determine market sentiment in real time which has resulted in advancements like Sentiment Analysis and Natural Language Processing.
- AI-powered forex trading bots offer a combination of speed, efficiency, and adaptability that human traders simply cannot match, thereby, revolutionizing forex trading strategies on a large scale.
- As AI technology is evolving, using forex AI trading bots can be a step towards a more advanced, data-driven investment approach which may position traders better in the competition of the forex market.
- While AI bots can improve trading consistency, no bot guarantees profits. Monitoring and periodic adjustments are advised to avoid potential risks of technical glitches, unpredictable market conditions, and potential over-reliance on automation.
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Yourstory
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320
Image Credit: Yourstory
Meta teams up with IndiaAI to advance open source AI innovation, R&D, skill development
- Meta has partnered with IndiaAI to drive open source AI innovation, R&D, and skill development in India.
- The collaboration includes the establishment of the Center for Generative AI, Shrijan at IIT Jodhpur and the launch of the 'AI for Skilling and Capacity Building' initiative.
- The partnership aims to develop indigenous AI applications and enhance research capabilities to contribute to India's AI mission.
- These initiatives support India's goal of becoming a $5 trillion economy and securing its position as a leader in technological advancement and economic growth.
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Yourstory
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390
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Trai's rating platform to assess, rate properties on quality of digital connectivity
- Telecom Regulatory Authority of India (TRAI) has announced to set up a digital connectivity rating platform to nudge property managers to provide a good digital connectivity experience to their customers.
- Properties will be assigned star-based ratings, ranging from 1 star to 5, based on the quality of digital connectivity and scores awarded.
- The properties for digital connectivity rating will be classified into different categories such as Residential, Government Properties, Other private or public areas, Stadiums or Sports Arenas or spaces of frequent gathering and Transport corridors.
- The coverage and quality of digital connectivity inside buildings remains a major issue, and TRAI believes that this can be addressed through the collaboration of service providers and property managers.
- The rating process will be implemented through the rating platform only, and other essential elements in the framework include the Digital Connectivity Rating Agency (DCRA), Property Manager, and service providers.
- The regulations will come into force with effect from October 25, 2024, and TRAI said that this assumes importance as the majority of data consumption takes place indoors or on public premises.
- A property with better ratings shall attract more users, buyers or investors and thereby add value to the properties.
- India has 927.56 million wireless internet subscribers, and at present, most of the population is dependent on wireless networks to access the internet.
- The regulations have been finalised after following a detailed consultative process through a consultation paper released on the Trai website on the Trai website on September 27, 2023.
- The Authority may provide an alternate mechanism for rating of property until the development of an online rating platform.
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Inc42
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346
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RBI Warns Against Crypto Dominance Amid Surge In Cyberattacks
- Reserve Bank of India's governor Shaktikanta Das warns against allowing cryptocurrencies to dominate the financial system due to risks to financial stability, monetary stability, and the banking sector.
- Das highlights the challenges of managing liquidity and controlling inflation in times of crisis if central banks lose control over the money supply.
- He emphasizes the need for international cooperation and an understanding of the risks associated with cryptocurrencies.
- The Reserve Bank of India has raised serious concerns about cryptocurrencies as major risks to financial stability.
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Yourstory
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219
Image Credit: Yourstory
Soft landing of global economy is increasingly a possibility: Sitharaman
- Union Finance Minister Nirmala Sitharaman stated that a soft-landing of the global economy is increasingly possible due to coordinated actions between countries and financial institutions.
- Sitharaman expressed caution, noting that economies are not experiencing substantial growth yet and global trade is still moderate.
- She highlighted the challenge of managing fiscal deficits, as countries have borrowed extensively for COVID-19 recovery, and emphasized the need for control over deficits.
- Sitharaman also discussed India's efforts to attract investors and highlighted opportunities for growth, including reforms, liberalization, and skilled Indian workforce.
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Medium
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245
Image Credit: Medium
Perplexity AI: The Google Killer?
- Perplexity AI is a revolutionary search engine that combines conversational AI, real-time data retrieval, and user-friendly features to redefine how we interact with information.
- Unlike traditional search engines like Google, Perplexity actively surfs the web to provide up-to-date information and engages in conversation to deliver clear, direct answers.
- With impressive stats such as handling over 1 million questions daily, delivering answers in 3 seconds, and operating in more than 40 languages, Perplexity AI is gaining traction.
- Not only does Perplexity save users about 30 minutes per day on information search, but it also offers competitive pricing and a focus on accuracy.
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Yourstory
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1.2k
Image Credit: Yourstory
After Swiggy, Zomato launches advance order scheduling
- Zomato has launched its Order Scheduling feature, allowing users to plan their food deliveries in advance.
- The tool is available in over 35,000 restaurants across 30 cities and offers specific delivery time options.
- Swiggy also introduced a similar service in August called Swiggy Scheduled.
- Zomato's fundraising efforts and Swiggy's upcoming IPO create a competitive environment in the food delivery sector.
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VIE Stories
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289
Image Credit: VIE Stories
DPIIT Collaborates with HCLSoftware to Support Indian Startups
- The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with HCLSoftware to support Indian startups in the manufacturing sector.
- The collaboration aims to foster an environment where corporate entities actively support the growth of manufacturing startups.
- Through this partnership, DPIIT seeks to establish a sustainable manufacturing ecosystem and strengthen India's position as a global manufacturing hub.
- The collaboration is part of DPIIT's Startup India initiative, which aims to promote and support product startups, innovators, and entrepreneurs.
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