Tag: technology

  • Transforming Finance and Shaping the Future of Technology Companies: Insights from Parth, a Visionary in Finance

    Parth Kulkarni

    In the world characterised by speedy digital transformation and the evolution of industries, one particular person shines as a luminary in the realm of Financial Planning and evaluation (FP&A). Parth, an achieved knowledgeable in this discipline, has made an indelible mark on the Finance and analytics panorama, contributing to the success tales of famend firms.

    Throughout his journey, Parth has performed pivotal roles at business giants, and his affect extends far past company boundaries. His work has been instrumental in reshaping enterprise outcomes for the firms he has been related to, incomes him recognition as each a thought chief and an influential determine in the discipline.

    But what units Parth aside, and what profound insights can he provide concerning the pivotal position of Finance and analytics in shaping profitable enterprise outcomes?

    A Visionary Leader in FP&A and Analytics

    With a deep-rooted ardour for Finance, Analytics, and Strategy, Parth Kulkarni has persistently pushed the boundaries of what’s doable. Currently serving as Head of FP&A for the Creators and Education Product Group at Adobe Inc., Parth is not only an business veteran however a visionary in the world of FP&A and Analytics. His in depth expertise and experience have made him a sought-after authority in these fields.

    Parth performed a pivotal position in the profitable launch of Adobe Express, which now boasts tens of millions of customers worldwide. It is benefiting 43 million Ok-12 academics and college students worldwide and extra lately, Adobe and the Government of India signed a Memorandum of Understanding (MOU), geared toward selling inventive expression and digital literacy amongst 20 million college students and upskilling 500,000 academics in India by 2027, with the assist of Adobe Express.

    Clearly, Parth’s management and modern methods have contributed considerably to the success of Adobe Express, launched by Adobe in December 2021.

    Embracing Change with Adaptability and Agility

    Parth underscores the significance of adaptability and agility in this ever-evolving monetary panorama. Success is not nearly making ready for what’s on the horizon this yr; it is about anticipating traits that might form the monetary world a number of years from now. Financial professionals should be nimble, able to make data-driven selections in real-time to thrive in this fast-paced setting.

    Customer-Centricity in Finance

    At the core of Parth’s strategy lies a profound dedication to customer-centricity, a precept that resonates even inside the realm of Finance. By inserting the buyer at the epicenter of monetary selections and methods, Parth ensures that buyer satisfaction stays the guiding pressure. This strategy not solely propels enterprise progress but additionally cultivates unwavering belief and loyalty amongst stakeholders. Parth’s experience in this space lately earned him an invite to ship a keynote tackle on customer-journey-driven monetary planning at the FP&A Summit in Boston in October 2023.

    The Power of Data-Driven Decision-Making

    Data-driven decision-making is pivotal, not solely in monetary planning but additionally in understanding market dynamics. Parth advocates for harnessing information to empower Finance professionals to make knowledgeable selections, main to higher funding methods and monetary outcomes.

    Embracing Emerging Financial Technologies

    Parth Kulkarni is a staunch advocate for embracing rising monetary applied sciences. In right now’s post-pandemic monetary panorama, professionals can’t afford to miss the transformative potential of applied sciences reminiscent of AI and information analytics. These improvements are catalysts for enhancing monetary decision-making, optimizing investments, and streamlining monetary operations, paving the method for future success.

    Parth’s unwavering dedication to reshaping the realms of FP&A, his forward-thinking methods, and his standing as a thought chief have firmly established him as a distinguished determine in the monetary world. As an achieved creator, keynote speaker, and thought chief, his contributions proceed to form the future of the business.

    Parth’s impression inside the company sphere and his contributions to the broader monetary and expertise communities really exemplify visionary management. As he persistently pushes the boundaries of what’s achievable, Parth is a identify of significance in the ever-evolving panorama of FP&A and Analytics.

  • Update your iPhone, iPad, Mac now; Apple fixes two security vulnerabilities [details]

    Apple has released software patches for iOS, iPadOS, and macOS in response to two zero-day security vulnerabilities. The business admits that these flaws were aggressively exploited in the wild. According to the security reports, the flaws may have affected iOS versions prior to iOS 16.7.1.

    The detected issues were all related to WebKit, Apple’s open-source browser foundation that powers Safari. According to Apple, the first flaw is that “processing web content may disclose sensitive information.” The second vulnerability warns that “processing web content may lead to arbitrary code execution.”

    iPhone 15 Plus review

    iPhone 15 PlusIBT

    Apple has quickly provided upgrades for iPhone, iPad, and Mac customers to strengthen device security. The iPhone models XS and after, iPad Pro 12.9-inch 2nd generation and later, and iPad Pro 10.5-inch, iPad Pro 11-inch 1st generation and later, iPad Air 3rd generation and later, iPad 6th generation and later, and iPad mini 5th generation and later.

    Users can expedite the update process on their iPhones or iPads by navigating to Settings > General > Software Update and initiating the update. On Mac, the update can be performed by going to System Preferences > General > Software Update and following the steps.

    These crucial security patches are integrated into the latest releases—iOS 17.1.2, iPadOS 17.1.2, and macOS Sonoma 14.1.2, ensuring users have access to enhanced protection against potential exploits.

  • Apple’s ‘Lost Voice’ film showcases 2 new accessibility features; how to set up [must watch]

    Apple on Thursday unveiled a heartwarming film titled ‘Lost Voice’ which puts the spotlight on two new accessibility features that were recently rolled out, ahead of International Day for People with Disabilities that falls on December 3.

    The features — Personal Voice and Live Speech — were rolled out with iOS 17 and illustrate how powerful they can be through a beautiful story.

    Millions of people are at risk of losing their ability to speak due to a wide range of conditions such as muscular dystrophy or amyotrophic lateral sclerosis (ALS), also known internationally as motor neurone disease (MND).

    “Personal Voice uses secure on-device machine learning to sample and recreate your own voice, which means if you ever subsequently lose the ability to speak, you can continue to communicate through your iPhone, iPad or Mac (using another new feature called Live Speech) — and still sound like you,” according to Apple.

    Apple's 'Lost Voice' film showcases 2 new accessibility features; how to set up [must watch]

    Apple’s ‘Lost Voice’ film showcases 2 new accessibility featuresApple

    The film tells the tale of a young girl and her pink, floppy-eared furry friend, as they search high and low for his missing voice, before revealing a uniquely personal moment between a father and a daughter. It is narrated entirely with Personal Voice, generated on iPhone.

    The film was cast with a genuine user of Personal Voice to narrate and play the role of the father: Dr. Tristram Ingham.

    Ingham is a physician, associate professor of epidemiology and a disability advocate from Wellington, New Zealand.

    He has facioscapulohumeral muscular dystrophy (FSHD), which causes progressive muscle degeneration starting in the face, shoulders, and arms, and can ultimately lead to an inability to speak.

    Personal Voice as a technology enables Ingham to preserve and continue to use his own voice well into the future.

    For the shoot, Apple enlisted Oscar-winning director Taika Waititi.

    Shot in Waititi’s native New Zealand, the production features the beautiful natural landscapes of the country — including black sand beaches and rolling dunes.

    How to setup Personal Voice and Live Speech on iPhone and iPad?

    Apple's 'Lost Voice' film showcases 2 new accessibility features; how to set up [must watch]

    Apple’s ‘Lost Voice’ film showcases 2 new accessibility features; how to set up [must watch]Apple

    Create a voice that sounds like you if you are at risk of speech loss, to help communicate with your friends and family, so you can type out what you’d like to say using your iPhone, iPad, Mac, and Apple Watch. 

     

  • Bengaluru Tech Summit: India has highest intellectual capital per dollar, says scientist Mashelkar

    India has the highest intellectual capital per dollar which is the reason Indian innovation is taking the world by storm said acclaimed R.A. Mashelkar, Former Director General, Council of Scientific and Industrial Research (CSIR).

    Addressing a plenary session at the Bengaluru Tech Summit 2023, the prominent leader and innovation specialist cited the example of National Chemical Laboratory becoming International Consulting Organisation within a year and more recently, India’s UPI innovation which clocked over 74.05 billion transactions in 2022, which is 46 per cent of the world’s transactions.

    “Our UPI is now being accepted in Bhutan and Singapore too, which speaks of the ground-breaking attitude of our people,” he said.

    Bengaluru Tech Summit: India has highest intellectual capital per dollar, says scientist Mashelkar

    Bengaluru Tech Summit: India has highest intellectual capital per dollar, says scientist MashelkarIANS

    Mashelkar spelt out six principles for start-ups to follow for assured success.

    “Make offerings that are affordable, easily scalable, make the business sustainable, the product or service offered should be universally accepted. It should have a rapid-to-market strategy with excellent features and have a distinctive business idea,” he said.

    He said that Karnataka is an incredible state with exemplar achievements in the start-up culture. He lauded the state for being an “amazing 40 per cent state” that hosts 40 per cent of the GCCs, 40 per cent of India’s software talent, 40 per cent of unicorns, and responsible for 40 per cent of exports.

    He also recommended the state to show leadership in creating an IP policy by incentivising innovative SMEs with subsidies and grants.

    He said that Karnataka is a knowledge capital and a centre for innovation, but for the next leap in growth, the state must quickly move from innovation-led incremental growth to exponential growth.

    Bengaluru Tech Summit:

    Bengaluru Tech SummitIANS

    Terming this growth strategy ‘exprovement’ he said that the start-up culture has to shift to a game-changing ethos.

    While the environment has to be adventurous in supporting start-ups, he also urged start-ups to follow the BTS motto ‘Breaking Boundaries’ not just in geographies, but also in their minds.

    “The ladder of excellence has no limits and companies have to learn to lead not by leapfrogging but by pole-vaulting,” advised the eminent scientist.

    (With inputs from IANS)

  • TAPMI announces new program MBA (Technology Management) from Bengaluru Campus

    TAPMI announces new program MBA (Technology Management) from Bengaluru Campus Bengaluru :  T A Pai Management Institute (TAPMI), Bengaluru a constituent unit of Manipal Academy of Higher Education has launched a new 12 months MBA course in Technology Management beginning from the educational 12 months 2024.  The key goal of this programme is to reinforce the applying of know-how by MBA graduates, in order that know-how effectivity in firms is best. The Business School goals to create future enterprise leaders who will remodel and alter the worldwide  know-how panorama.

    Speaking concerning the new programme, Dr Aditya Jadhav, Dean of TAPMI Bengaluru stated, “TAPMI has curated a specialised MBA programme in Technology Management that mixes 3 distinctive pillars in curriculum:- Business administration programs, Technology Management programs and Sectoral specialization tracks in FinTech, E- Commerce& Retail  and Healthcare”

    The course is a 2-year (6 trimester) programme based mostly in TAPMI Bangalore campus for college kids with 2-7 years of know-how expertise with main IT providers, product and platform firms.

    The program may even be distinctive in each design and supply. 30% of all Technology Management and sectoral ( Industry vertical) programs can be taught by seasoned trade practitioners with emphasis on utilized studying utilizing trade main software program instruments and know-how labs. The college students may have a possibility to pursue a number of internships and stay tasks in main tech-companies and can profit from a structured trade mentor program.

  • Breakthrough Research Papers Solve Daunting Software Challenges and Shape the Future of the Industry

    Natasha Mittal

    Photo courtesy of Natasha Mittal

    “Data is the new oil, and the ability to sift through it effectively is not just a skill it’s a necessity,” says Natasha Mittal, a name increasingly associated with innovation in software technology. As we navigate the complex corridors of tech, where code and algorithms are the building blocks, Mittal is a guiding light with her groundbreaking research and practical solutions.

    The Professional Journey of Natasha Mittal

    Natasha Mittal is far from a typical software engineer. With over seven years of hands-on experience developing complex distributed systems, she currently spearheads the Search Experience at DoorDash New Verticals. This division focuses on convenience and grocery shopping. Before DoorDash, she was a pivotal member of the Generic Pollers team at Amazon AWS. There, she created a platform that helped major clients like McDonald’s and OkCupid integrate with AWS Lambda, generating a GMV of over $100 million within the first month.

    Prior to Amazon, Mittal honed her skills at WizeCommerce as a full-stack engineer. She was responsible for designing and implementing complex products and features, which laid the groundwork for her future roles at Amazon and DoorDash.

    Moreover, the software expert has spearheaded innovations at DoorDash, revolutionizing user experience and search functionality, which has driven sales and elevated user satisfaction. Her groundbreaking work includes the award-winning SNAP project and the development of a custom relevance pipeline, setting new standards in search quality and positioning DoorDash competitively against rivals like Uber Eats and Instacart.

    Academic Contributions: Bridging Theory and Practice

    Building on her industry experience, Mittal’s influence extends to the academic world. Her research on steganalysis, a field focused on detecting hidden data in digital files, has garnered attention. Her paper, “FS-SDS: Feature Selection for JPEG Steganalysis using Stochastic Diffusion Search,” was accepted by IEEE and presented at the Systems, Man, and Cybernetics (SMC) conference in 2014.

    The paper introduces a novel algorithm that employs Stochastic Diffusion Search (SDS) to enhance the efficiency and accuracy of steganalysis. “Efficiency is as crucial as finding the hidden data,” the software engineer observes, emphasizing the research’s real-world applicability in cybersecurity and digital forensics.

    Innovations in Edge-Cloud Computing

    Besides her work in steganalysis, Mittal has also ventured into edge-cloud computing. Her research on Cooperative Log Structured Merge Trees (CooLSM) aims to tackle some of the most urgent issues in data storage and indexing. “The traditional structure of LSM trees has been a bottleneck for scalability and flexibility. CooLSM deconstructs this to create more manageable components,” Mittal elaborates.

    This innovative approach has practical implications. For instance, the research addresses the challenges of write performance in edge-cloud environments, a significant issue in today’s distributed systems. “By breaking down LSM trees, we can optimize resource allocation and data management, particularly for real-time applications like Vehicle-to-Everything (V2X) tasks,” she adds.

    The development of CooLSM was motivated by the limitations observed in the existing paradigms of cloud and edge computing. Conventional cloud computing, dependent on remote data centers, introduced substantial restrictions for applications requiring real-time guarantees. On the other hand, relying solely on edge computing was deemed unsuitable due to the restricted hardware capacity of edge devices. Mittal conceptualized CooLSM as a bridge between edge and cloud resources, aspiring to transform edge-cloud data management systems. This system is meticulously designed to address the challenges of managing storage and access to data where processing and storage are dispersed across edge and cloud nodes. It caters to the urgent need for rapid data ingestion crucial for edge and IoT applications.

    Real-world Applicability and Performance Gains

    CooLSM, a revolutionary distributed data indexing system, holds significant applications in IoT, especially in innovations related to Smart City and Industry 4.0. For instance, CooLSM enables rapid communication between vehicles and surrounding entities in smart city traffic applications, managing instantaneous data ingestion and access at the edge. This technology is pivotal for allowing vehicles to interact with pedestrians, traffic signals, and other vehicles through Vehicle-to-Everything (V2E) technology. While CooLSM manages immediate communication and simpler tasks at the edge, intricate analyses, such as evaluating traffic patterns, are conducted in the cloud, ensuring optimal resource utilization and efficiency. Furthermore, the adaptability of CooLSM extends to Virtual/Augmented Reality-based mobile games and social networks, demonstrating its wide-ranging applicability.

    Mittal’s CooLSM research was rigorously tested in the context of smart traffic systems, demonstrating its feasibility in real-world scenarios. The results were promising: CooLSM achieved low latency, crucial for real-time applications, and showed potential for high scalability.

    “This could revolutionize applications like smart cities and Industry 4.0, where real-time processing at the edge and complex computations in the cloud are essential,” she notes.

    Industry Implications and Future-Proof Design

    The implications of Mittal’s research are far-reaching, especially for burgeoning fields like IoT and edge computing. “The low latency and scalability of CooLSM make it a game-changer for these industries. It could also influence the design of future database technologies that require high performance and scalability,” she explains.

    Moreover, the paper explores opportunities for scalable and elastic behavior of individual components, indicating a future-proof design. “CooLSM is not just an academic exercise; it’s a tangible solution to some of the industry’s most pressing challenges,” she concludes.

    Mittal’s exploration into the creation of CooLSM started with her profound research in database indexing techniques, focusing specifically on Log Structured Merge (LSM) trees. Fascinated by the capabilities of LSM trees, she immersed herself in many scholarly papers, journals, and conferences to gain an all-encompassing understanding of the subject. Her pursuit of knowledge culminated in creating CooLSM, an innovative indexing system designed to resolve the challenges associated with edge-cloud indexing. The software expert realized a functional prototype of CooLSM and articulated her findings in a research paper, achieving acknowledgment at the prestigious IEEE ICDE (International Conference on Data Engineering) 2021 conference.

    A Skeptic’s Contrasting View

    While Mittal’s work has received widespread acclaim, it’s worth noting that some critics remain skeptical. “Her research is inventive and original, but the true test is its practical application,” says another expert in the field of software engineering.

    This skepticism serves as a reminder that innovation must meet practical application. While Mittal’s research offers ingenious insights, their real-world applications will determine their true value—a challenge Mittal seems well-equipped to meet.

    An Expert’s Touch

    “In the future, the software industry will focus less on data accumulation and more on effective data interpretation,” says Natasha Mittal, summarizing her vision for a world where data and human ingenuity merge to create something extraordinary. Her impressive technical skills, resourceful thinking, and commitment to social responsibility make her a transformative figure in the software industry.

    With her research and practical solutions spanning user experience to edge-cloud computing, Mittal is shaping her own future and charting a new course for the entire industry.

  • Musk’s SpaceX buys parachute company for $2.2 mn: Report

    Elon Musk’s SpaceX has acquired space parachute maker Pioneer Aerospace for $2.2 million, the media reported.

    Musk’s rocket making company has bought Pioneer Aerospace — which makes parachutes for space vehicles as they return to Earth — after its parent company filed for bankruptcy in Florida, the Information reported.

    It’s SpaceX’s first publicly known acquisition since 2021, when the company acquired the small satellite company Swarm for $524 million.

    Pioneer has been a key supplier of drogue parachutes for a number of SpaceX and NASA missions. This includes multiple crewed flights and cargo to the International Space Station (ISS); and the “Osiris Rex” mission.

    Musk's SpaceX Buys Parachute Company For $2.2 Mn: Report

    Musk’s SpaceX Buys Parachute Company For $2.2 Mn: ReportIANS

    Drogue chutes are extremely sophisticated components designed for high velocity; in the case of Dragon, the chute deploys after the capsule has reentered through much of the atmosphere, to stabilise the spacecraft and slow it down a little bit.

    According to NASA, the two drogues deploy when the Dragon is at 18,000 feet in altitude, moving at around 350 miles per hour.

    International Space Station

    International Space StationNASA

    (The main chutes are deployed later during reentry, at around 6,000 feet in altitude; SpaceX buys those from Airborne Systems.)

    It comes as SpaceX prepares to use its Starship rocket system as a fully reusable transportation system to carry both crew and cargo to Earth orbit, help humanity return to the Moon, and travel to Mars and beyond.

    (With inputs from IANS)

  • Microsoft joins OpenAI’s board as Sam Altman returns as CEO

    Sam Altman has officially returned to OpenAI as CEO after an intense drama earlier this month, with Microsoft getting a non-voting observer seat on the company’s board.

    OpenAI’s new board consists of chair Bret Taylor, Larry Summers, and Adam D’Angelo, the only remaining holdout from the previous board.

    Microsoft is a major investor in OpenAI, with a 49 percent stake in the for-profit entity that the nonprofit board controls, reports The Verge.

    Sam Altman

    Sam AltmanIANS

    In a memo to employees, Altman said that he harbours “zero ill will” towards Ilya Sutskever, OpenAI’s co-founder and chief scientist who was behind Altman’s ouster.

    “While Ilya will no longer serve on the board, we hope to continue our working relationship and are discussing how he can continue his work at OpenAI,” Altman said in the memo.

    “The fact that we did not lose a single customer will drive us to work even harder for you,” he told employees.

    Microsoft

    MicrosoftIANS

    He said that OpenAI will advance research plan and further invest in its full-stack safety efforts.

    “Our research roadmap is clear; this was a wonderfully focusing time. I share the excitement you all feel; we will turn this crisis into an opportunity! I’ll work with Mira (Murati) on this,” Altman said.

    OpenAI board chair Taylor told employees that they are thrilled that “Sam, Mira and OpenAI President and co-founder Greg Brockman are back together leading the company and driving it forward”.

    “We will build a qualified, diverse board of exceptional individuals whose collective experience represents the breadth of OpenAI’s mission – from technology to safety to policy. We are pleased that this Board will include a non-voting observer for Microsoft,” he added.

    How Microsoft goes around seeking unfettered ownership of AGI

    IANS

    Altman was earlier fired as CEO of OpenAI, the developer of AI chatbot ChatGPT, and the earlier board had said it “no longer has confidence in his ability to continue leading OpenAI.”

    Later, Microsoft Chairman and CEO Satya Nadella announced to hire Altman and Brockman to help the company pursue its advanced AI dreams with a new vertical.

    (With inputs from IANS)

  • Forbes reveals 10 ‘most dubious’ people to feature in its ’30 Under 30′ list

    Forbes has published its ’30 Under 30′ list of young entrepreneurs and changemakers who are making a difference in the world for the past 13 years, and an “astonishing number” of these people went on to become cultural tastemakers, tech titans, and even billionaires.

    However, some of them have gone on to infamy. For the first time ever, Forbes has published its ‘Hall of Shame’ list — featuring 10 of the “most dubious people ever to make it to its 30 Under 30 list”.

    Sam Bankman-Fried: Bankman-Fried was recently indicted on seven counts of fraud and conspiracy related to his cryptocurrency exchange FTX.

    Sam Bankman Fried

    Sam BankmanIANS

    He now faces 10 years in prison.

    Caroline Ellison: Ellison has pleaded guilty to wire fraud and conspiracy for transferring funds from FTX customers to cover losses at its sister company Alameda Research. Forbes described this as “another FTX casualty”.

    Charlie Javice: The list also includes the creator and former CEO of Frank, a firm that promised to help college students acquire financial aid. Javice was charged with fraud after misrepresenting the size of her organisation.

    Nate Paul: Paul, the founder of World Class Capital Group, built a real estate empire worth about $1 billion in 2017.

    He was accused of eight counts of lying to lenders in June this year and subsequently indicted on four more counts of fraud and conspiracy.

    Forbes

    Forbes

    He pleaded not guilty to all the charges. His trial is scheduled for July.

    Martin Shkreli: Two years after appearing on Forbes’ “30 under 30” list, Shkreli became the “most hated man in America” for jacking up the price of Turing-owned Daraprim, a vital medication used to treat parasitic infections, from $17.50 a tablet to $750.

    He was once hailed as a business wunderkind, who launched two pharma-focused hedge funds while in his 20s. Cody Wilson: The founder of Defense Distributed, who became famous for posting blueprints on the Internet that allowed anyone to 3-D print a working gun, is now a registered sex offender after he was arrested for paying $500 to have sex with a 16-year-old girl he met online. James O’Keefe: O’Keefe, who ran conservative media company Project Veritas for thirteen years before being dismissed from his position as the company’s chairman and CEO this February, has been accused of misusing donor funds and spending money on himself — including a flight on a private plane.

    Phadria Prendergast: Prendergast launched her glossy “Women of the City Magazine” (WOTC) in 2018 to spotlight upcoming entertainment and business stars, but it turned out that she was allegedly running a pay-to-play operation where cash-bought coverage.

    Eleven former customers claimed that she stole around $195,000 from them.

    Steph Korey: The co-founder and CEO of luggage brand Away has been accused of bullying her co-workers and imposing a heavy workload.

    Lucas Duplan: Clinkle, Duplan’s mobile payments startup, raised $30 million in 2014 but never delivered a viable product. Shortly after its massive fundraise, he started laying off employees.

    Top talent bailed.

  • AWS launches palm-scanning authentication service for companies

    Amazon Web Services (AWS) on Tuesday announced a new palm-scanning identity service that will allow companies to authenticate people when entering physical premises.

    Called ‘Amazon One Enterprise,’ the service eliminates operational overhead associated with the management of traditional enterprise authentication methods, like badges and PINs, the company said during its ‘AWS re:Invent 2023’ event here.

    The palm-recognition technology uses advanced artificial intelligence and machine learning to create a palm signature that is associated with identification credentials like a badge, employee ID, or PIN.

    The palm signature is a unique numerical vector created from the user’s palm image that cannot be replicated or used for impersonation.

    “Amazon One Enterprise’s palm recognition technology is designed to deliver a highly accurate identification service that increases an organisation’s overall security, while offering seamless authentication management with lower operational overhead,” said Dilip Kumar, vice president of AWS Applications.

    AWS Launches Palm-Scanning Authentication Service For Companies

    AWS Launches Palm-Scanning Authentication Service For CompaniesIANS

    Amazon One Enterprise provides highly accurate and secure enterprise access control through an easy-to-use biometric identification device.

    Security is built into every stage of the service, from multi-layered security controls in the Amazon One device to protection of data in transit and in the cloud, said the company.

    “Amazon One Enterprise combines palm and vein imagery for biometric matching and delivers an accuracy rate of 99.9999 per cent, which exceeds the accuracy of other biometric alternatives — even more accurate than scanning two irises,” AWS said.

    To implement Amazon One Enterprise, IT and security administrators can easily install Amazon One devices on-site and activate them in the AWS Management Console.

    Amazon

    AmazonIANS

    “Administrators can also manage all aspects of user authentications in the console, including monitoring the status of installed devices, managing software updates, and getting analytics on user enrollment and usage, while reducing the amount of time and overhead involved in the manual verification of credentials,” said the company.

    Amazon One Enterprise is available in preview in the US.

    “We are excited to work with Amazon One Enterprise for a more secure, efficient way to manage authentication and access our systems,” said Nick Krieble, global head of Identity and Access Management, IHG Hotels & Resorts.

    (With inputs from IANS)