Thales Partners with IIIT-Delhi on Open Hardware Research and Development
Thales and IIIT-Delhi has signed an agreement for collaborative research and development in the field of Open Hardware and other allied subjects.
The collaboration will enable co-development of complex microprocessor architectures and multi-core processing systems using configurations available with the RISC-V open ISA specification. These systems will bring value to applications in areas such as edge computing, smart manufacturing, defense and space.
Through this association, Thales and IIIT-Delhi will collaboratively address safety issues in designing processors and embedded software for critical applications using open source hardware approach. The activities will commence from August 2021 and will be carried out in phases.
Demand-Supply Imbalance Leads CommerceUp Capture eCommerce Market Share in MENA Region
The demand-supply imbalance in the Middle East and North Africa (MENA) region has created an opportunity for cross-border e-commerce platforms, with non-MENA-based e-commerce players capturing a significant share of the rising consumer interest in online shopping. As of 2019, cross-border e-commerce represented nearly 50 percent of the market in the GCC vs. less than 13 percent in the UK and 6 percent in the US.
CommerceUp, India-based SaaS (Software as a service) e-commerce platform is now building up its foothold in the Middle East market by starting up its operations in Saudi Arabia and UAE. CommerceUp started serving clients in the United Arab Emirates last year and now is ready with its expansion plan for Saudi Arabia. A study by Bain & Co, E-commerce was worth $8.3 billion in 2017 in the Middle East and North Africa (MENA) region and is expected to more than triple by 2022 to reach $28.5 billion. MENA is entering the third phase of digital adoption.
3i Infotech Makes Slew of Leadership Hires to Fuel its Global Expansion Plans
3i Infotech has announced a series of senior level appointments, to include Sax Krishna as Chief Growth Officer; Sudeep Nadkarni as Chief Revenue Officer – Large Deals; Sushant Purushan as EVP & India Business Head, Cloud First & Digital, IMS leadership team and Rangapriya Goutham as Chief Marketing Officer to accelerate the company’s global business. These strategic hires would be integral to 3i Infotech’s aim of achieving a growth of $1 billion by 2030.
