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Oommen Chandy announces Rs.1,000 crore for Technopark during its silver jubilee celebrations

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Thiruvananthapuram: As the state’s IT hub, Technopark celebrates its silver jubilee, Kerala Chief Minister Oommen Chandy on Wednesday announced a Rs.997.65 crore development project to assist it in infrastructure development, land acquisition, and marketing in the next five years.

Photo Credit: www.ibnlive.com
Photo Credit: www.ibnlive.com

Chandy made the announcement after inaugurating a function held at Technopark campus.

“The huge development scheme combined with the large scale investments will mark a big leap in Kerala’s IT industry,” he said.

He also said the proposed Rs.1,500 crore investment project by IT giant Taurus in Technopark’s phase-III campus has been approved and construction activities would commence immediately.

The silver jubilee celebrations of Technopark come at a time when IT exports in Kerala for the last fiscal touched Rs.10,000 crore and the total direct employment in the IT industry has touched one lakh employees with 45,000 at Technopark, 25,000 at Kochi Infopark and the rest at various IT companies spread across the state.

Addressing the concerns raised by several stakeholders of Technopark, IT and Industries Minister P.K. Kunhalikkutty announced the decision to roll-back the rent hike in Technopark.

“Technopark’s development model, which is the biggest and the brightest success story of Kerala, could be replicated in several other fields,” he said.

At the function, Prathidwani, a forum of Technopark employees, handed over a letter of consent signed by 1,000 employees to Chandy for volunteering for organ donation.

“The forum began their campaign just few days back and the number of volunteers is expected to touch 3,000 in the next two days,” said Technopark CEO K.G. Girish Babu.

(IANS)

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Cisco Unleashes the Capabilities of the New Network

Tech giant Cisco has introduced new Artificial Intelligence (AI) and Machine Learning (ML) capabilities

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Cisco, Network, IT
There is an explosion of the Internet of Things (IoT), Blockchain and other disruptive technologies. Flickr

In a bid to help IT teams better understand network behaviour, tech giant Cisco has introduced new Artificial Intelligence (AI) and Machine Learning (ML) capabilities.

As businesses increasingly invest in digital technologies, IT teams are struggling under the amplified workload.

To alleviate this burden and allow IT to focus on delivering innovation, Cisco has also unveiled innovations to more effectively manage users and applications across the entire enterprise network.

“We’re continuing to reinvent the way networks are managed by adding AI and ML capabilities. Great work by the Cisco teams to continue making networks simpler and more secure,” said Chuck Robbins, CEO, Cisco during the company’s flagship “Cisco Live” conference here on Monday.

Cisco, Network, IT
Great work by the Cisco teams to continue making networks simpler and more secure. Flickr

Robbins said there is an explosion of the Internet of Things (IoT), Blockchain and other disruptive technologies and enterprises need to rearchitect their networking space.

According to latest research, nearly two-thirds of organisations report that their IT teams are facing increased workloads, but increased IT headcount is in the cards for only about one-third of companies in the coming year.

“Artificial intelligence and machine learning can enable businesses to efficiently discern which issues to prioritise, becoming more nimble and proactive. This will have a profound effect on network operations and the IT teams that run them,” said Scott Harrell, Senior Vice President and General Manager of Cisco’s Enterprise Networking Business.

Cisco AI Network Analytics will be a standard part of Cisco DNA Assurance and will be available in the next version of Cisco DNA Center, generally available in the summer of 2019.

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Cisco AI Network Analytics capabilities will be included in the Cisco DNA Advantage software licensing tier. (IANS)