• Bhubaneswar India
  • Contact+ 91-9938772605
  • Mon - Sat : 10:00AM - 6:00PM

Tag: Major

Eva Aria, Now by Vida Realty, Achieves 50% Sales Milestone in Chembur

Mumbai, 8th November 2024: With the real estate industry projected to grow from USD 518.5 billion in 2024 to USD 856 billion by 2029, at a CAGR of 8.71% over the forecast period, Vida Realty is experiencing a strong growth trajectory in line with this expanding market. We are proud to announce the success of Eva Aria, an elegant residential project in the vibrant locality of Chembur, Mumbai, which has already sold more than 50% of its inventory at its foundation stage. This project was initiated under Vida Realty’s old brand name i.e. Roha Realty and will be completed under the same banner.

Designed to cater to a variety of lifestyle preferences, Eva Aria offers a range of 2, 3, and 4 BHK apartments, with unit sizes from 624 to 1248 sq. ft. The under-construction project is set to introduce a refined living experience to Mumbai’s rapidly evolving skyline. Eva Aria is equipped with premium amenities that every homebuyer seeks in modern urban living, including a state-of-the-art gymnasium for a well-rounded lifestyle. Every detail has been meticulously planned to create a harmonious blend of comfort and luxury.

Speaking on the project’s early success, Harshvardhan Tibrewala, Managing Director of Vida Realty, remarked, “We are thrilled to see such a strong response to Eva Aria, with more than 50% of our inventory sold at the foundation stage itself. Our deck apartments are in high demand offering a unique blend of spaciousness and functionality. Customers have expressed appreciation for the thoughtfully designed layouts, finding them open and accommodating, complemented by the exquisite amenities that add real value to their living experience. It’s gratifying to know that Eva Aria’s offerings resonate well with today’s discerning buyers.”

Strategically located in Chembur, Eva Aria offers residents easy connectivity to the rest of Mumbai through a network of roads, including the Eastern Express Highway and Santacruz-Chembur Link Road. Proposed Metro Line 4 (Wadala-Ghatkopar-Mulund-Thane-Kasarvadavali) will link Chembur to key areas, and Metro Line 2B (D.N. Nagar-Mankhurd) will further enhance intra-city connectivity. Neighboring areas like BKC, Powai, Andheri, and Lower Parel offer diverse opportunities across corporate, tech, and entertainment sectors. Eva Aria is only minutes away from top international schools and major entertainment hubs, ensuring a well-rounded and convenient lifestyle.

Eva Aria is fully compliant with the Real Estate Regulatory Authority (RERA) standards, bearing the RERA No P51800054410. Homebuyers can be assured of our commitment to transparency, quality, and timely completion. For those seeking an ideal home in the heart of Chembur, Eva Aria presents an opportunity to experience the finest in city living with ease and convenience.

ARRAY Innovation Marks Landmark Achievement at Gateway Gulf with Trio of Partnership Deals

MANAMA, BahrainNov. 4, 2024 ARRAY Innovation, the Bahrain-based leader in AI, enterprise software, and cloud solutions, proudly celebrated a milestone at Gateway Gulf 2024. During the event, organized by the Bahrain Economic Development Board (EDB) in the Kingdom of Bahrain, ARRAY signed strategic agreements with Bahraini organizations: Aluminium Bahrain B.S.C. (Alba), National Bank of Bahrain (NBB), and the Labour Fund (Tamkeen), highlighting ARRAY’s commitment to digital transformation.

ARRAY Innovation Celebrates Landmark Success at Gateway Gulf with Three Major Partnership Deals

ARRAY Chairman, Mr. Khalid Taqi, commented, “Our collaborations with Alba, NBB, and Tamkeen underscore ARRAY’s dedication to Bahrain’s digital transformation journey. We are committed to delivering technology solutions that support local enterprises in sustainable growth and operational excellence.”

ARRAY’s mission is to develop advanced enterprise software and AI solutions that create high-value jobs for Bahrainis. Our latest agreements with leading Bahraini organizations reflect our vision to positively impact the Bahraini enterprises and communities,” said Alaa Saeed, ARRAY Founder & CEO.

ARRAY’s partnership with Alba focused on AI, data analytics, and automation solutions, driving operational excellence and cost reduction. “Our strategic collaboration with ARRAY marks a significant step towards positioning Alba as a technology-driven industry leader. This partnership will not only advance our Industry 4.0 journey, driving operational excellence, but also aligns with Bahrain Economic Vision 2030 by investing in local talent,” said Alba’s Chairman of the Board, Mr. Khalid Al Rumaihi.

ARRAY’s partnership with the National Bank of Bahrain (NBB) aims to enhance NBB’s technology infrastructure with advanced Natural Language Processing (NLP) and Generative AI. The collaboration will deliver actionable insights, optimize operations, and improve customer experience. “By integrating the latest in artificial intelligence, we are positioned to drive our digital transformation forward, delivering solutions that enrich our customers’ banking experience. Our partnership with ARRAY Innovation underscores our focus on modern technology to reinforce Bahrain’s leadership in financial ingenuity,” said NBB Group CEO Mr. Usman Ahmed.

In its agreement with Tamkeen, ARRAY will develop an AI-powered job-matching solution boosting Bahrain’s economic growth through strategic private sector alignment. Her Excellency Ms. Maha Abdulhameed Mofeez, Chief Executive of Tamkeen, highlighted, “By enhancing both internal and external operations through this partnership, we aim to maximize the impact of our initiatives and increase opportunities for Bahraini talent within the private sector.”

Suraasa Secures Major Funding to Transform Global Teacher Workforce Development and Mobility

Gurugram, India, Tuesday, October 9, 2024 — Suraasa, the leading platform for teacher workforce development & global teacher mobility, has successfully closed a significant funding round led by Reach Capital, with participation from ETS and other prominent strategic investors. This investment will further propel Suraasa’s mission of enhancing teacher quality, ensuring educators are equipped to meet global standards, and get integrated into diverse educational systems worldwide.

Suraasa has been at the forefront of revolutionising teacher education by offering competency-based skilling programs that ensure teachers are not just classroom-ready but globally competitive. Its innovative approach is aimed at bridging the gap between educational systems worldwide, allowing educators to seamlessly integrate into schools globally, and raising the bar for teacher preparation and mobility. Suraasa’s comprehensive programs equip educators with the skills required to succeed in international classrooms, addressing the growing demand for qualified teachers across borders. By combining upskilling with teacher recruitment solutions, Suraasa not only ensures teachers are prepared for global challenges but also connects them to opportunities in schools worldwide.

The lead investor, Reach Capital, is renowned for its commitment to transforming the education landscape by supporting ventures that foster economic mobility and success through learning. Their backing of Suraasa highlights the importance of empowering educators and ensuring the growing concerns of skilled teacher shortages are resolved through innovative models.

Jennifer Carolan, the Managing Partner of Reach Capital shared:

“Schools in the U.S. and all over the world are facing acute teacher shortages, which Suraasa is addressing by training a global teacher workforce. Reach was drawn to Suraasa for this reason and was excited to invest when we observed how the team respects, celebrates and dignifies the teaching profession. Through training, placement and continuing education, Suraasa is a teacher-first organization that values the complex and important work of educating future generations.”

ETS, a global leader in educational assessment and research, brings decades of expertise in enhancing learning outcomes. ETS is renowned for its world class assessments such as TOEFL and GRE and has been driving forward initiatives in teacher certification and education equity. ETS has a long-standing mission to advance learning through quality assessments and their involvement with Suraasa aligns with their focus on teacher mobility, facilitating the global movement of educators.

Emal Dusst, the Managing Director of ETS Capital said “At ETS, we believe that educators are the cornerstone of any education system; they are the ultimate force multiplier that will shape the future of learning. Growing teacher shortages across the country necessitate finding new pathways into the profession, and with our investment in Suraasa, we’re excited to help schools and districts tap into a rich and highly skilled global teacher community. Together, we are creating a world where teachers are equipped to thrive across diverse educational systems.”

This investment positions Suraasa to accelerate its growth and reach in teacher education and recruitment, and create a world where educators can seamlessly move and thrive in international teaching environments, helping meet the growing global demand for quality teaching professionals.

Data Management Complexity Emerges as a Major Challenge for 30% of Indian Organizations

July 25, 2024, Bangalore, India – Lenovo today unveiled the 2nd edition of its ‘Smarter Data Management Playbook’ report, capturing insights from 550+ CIOs and IT decision-makers across Asia Pacific, including 100+ in India. Commissioned by Lenovo, the IDC study delves into critical aspects of AI data management for 2024, encompassing data security, AI model integrity, data architecture and management, and data-driven enterprise IT strategy.

Sumir Bhatia, President, Lenovo ISG, AP, says “Data innovation is crucial for today’s CIOs to unlock new business opportunities and drive digital success. The playbook unveils data management complexity as the prime challenge for 29% of Asia Pacific enterprises. This represents a significant shift towards hybrid cloud environments tailored for AI. Lenovo’s open, reliable, and secure infrastructure empowers organizations to modernize their data strategies, ensuring agility and competitive advantage.”

The IDC survey highlights hybrid cloud as the preferred infrastructure for enterprise AI needs, shaped by each enterprise’s unique data architecture and strategy. Notably, 33% of Indian organizations are repurposing existing hybrid architectures for AI, while 22% are leveraging cloud vendors to host the AI infrastructure demands.

Amit Luthra, MD – India, Lenovo ISG, stated, “As highlighted in the Data Management Playbook, 2024 will be pivotal for organizations navigating the evolving landscape of data management. We observe a pronounced shift towards prioritizing data security and optimizing data for AI-driven insights and business outcomes. Lenovo ISG is committed to empowering our customers with agile, hybrid cloud solutions that streamline data management by up to 85%, enhancing operational efficiency. This underscores our continuous dedication to delivering tangible business value in an increasingly competitive market.” 

Data Where You want it, How You Want it

 29% of enterprises in the Asia Pacific region identify “Complexity of Data Management” as a major challenge in their organizational data initiatives, with India reporting one of the highest concerns at 30%. This highlights the critical need for robust data management solutions to streamline processes and drive efficiency across the region.

As a result, the top 3 priorities for Indian CIOs are data backup, analytical data stores, and data security. For Asia Pacific, data security tops the list followed closely by data preparation for AI projects and data architecture.

David Mooney, VP of Storage Sales – WW, Lenovo ISG, added, “As 30% of Asia Pacific organizations prioritize data security for 2024, Lenovo ISG reaffirms its commitment to delivering fast, simple, and secure data management solutions. Our ThinkSystem DG and DM Storage solutions, with built-in ransomware protection, safeguard critical business data against evolving threats. As we strive to be the world’s leading end-to-end infrastructure solutions provider, we deliver innovations that help customers manage and protect their data, enabling AI integration and business transformation.”

Top data quality concerns when using AI / GenAI

 In 2024, the top 3 data quality concerns when using Gen AI for Indian CIOs are data manipulation, absence of data quality assurances and AI hallucination (misleading info generated by AI models). This contrasts with what we are seeing for CIOs across AP where AI training on false information and absence of data tags & data assurances are the top 3 concerns.

Similarly, the key limiting factors for use of AI/ Gen AI in organizations in India are:

  1. High infrastructure costs
  2. Lack of clear business case
  3. Concerns over Data security & control

For Asia Pacific the #1 factor is data security and control while the other two are exposure to brand or regulatory risk as well as data accuracy and its potential for unethical use.

Repurposing existing hybrid architectures for AI emerged as the top approach Indian companies will take to address AI infrastructure requirements with 33% CIOs favoring this.

 David Mooney, VP of Storage Sales – WW, Lenovo ISG, noted, In today’s digital economy, data is the new currency, unlocking valuable insights that drive business growth and competitive edge. IDC’s research highlights the #1 data quality challenge in GenAI is training AI on false or undetected incorrect information. To tackle this, we deliver Smarter Data Management and Storage solutions for diverse workloads, from AI and analytics to data-intensive enterprise tasks, ensuring our customers have a robust and reliable data foundation.

 Key AP Trends among CIOs Across BFSI, Telco, Manufacturing, Healthcare and Retail in 2024

Vertical View Data Complexity as key challenge Top 3 Data Quality Concerns while using AI CIOs Top Approaches for Addressing AI Infrastructure Needs
BFSI 32% ·       AI training on false information that is unknown or undetected

·       Absence of data quality assurances

·       Data manipulation

·       11% are building out new on-premise environments with dedicated compute, networking and storage

·       25% are building out a new hybrid cloud environment for AI

·       36% are leveraging cloud vendors to host the AI infrastructure demands

·       17% are repurposing existing on-premise technology for AI

·       11% are repurposing existing hybrid architectures for AI

Manufacturing 30% ·       AI training on false information that is unknown or undetected

·       Data manipulation

·       Absence of data quality assurances

·       20% are building out new on-premise environments with dedicated compute, networking and storage

·       23% are building out a new hybrid cloud environment for AI

·       34% are leveraging cloud vendors to host the AI infrastructure demands

·       14% are repurposing existing on-premise technology for AI

·       9% are repurposing existing hybrid architectures for AI

Retail 31% ·       Data manipulation

·       AI training on false information that is unknown or undetected

·       Inaccurate or absent code documentation

·       11% are building out new on-premise environments with dedicated compute, networking and storage

·       34% are building out a new hybrid cloud environment for AI

·       36% are leveraging cloud vendors to host the AI infrastructure demands

·       13% are repurposing existing on-premise technology for AI

·       7% are repurposing existing hybrid architectures for AI

Telco 26% ·       Data bias

·       AI training on false or incorrect information that is unknown or undetected

·       Data manipulation

·       8% are building out new on-premise environments with dedicated compute, networking and storage

·       28% are building out a new hybrid cloud environment for AI

·       38% are leveraging cloud vendors to host the AI infrastructure demands

·       12% are repurposing existing on-premise technology for AI

·       13% are repurposing existing hybrid architectures for AI

Healthcare 42% ·       Absence of data quality assurances

·       AI training on false information that is unknown or undetected

·       Data manipulation

·       15% are building out new on-premise environments with dedicated compute, networking and storage

·       24% are building out a new hybrid cloud environment for AI

·       30% are leveraging cloud vendors to host the AI infrastructure demands

·       14% are repurposing existing on-premise technology for AI

·       17% are repurposing existing hybrid architectures for AI

Lenovo’s Data Management solutions span systems, platforms, and software, optimizing data management from edge to core data centers and across cloud deployments. Leveraging block, file, and object data, Lenovo enables actionable insights and enhances application performance. Their solutions support seamless data mobility across diverse IT infrastructures, empowering next-gen data and AI/ML applications.