TWTW Weekly Wrap Up: 4-10 September
Last Week’s Latest:
Focused Story Of The Week #1: SpaceTech In India: The Beginning Of A New Era
In a Series-B investment round, Hyderabad-based private aerospace manufacturer and commercial launch service provider ‘Skyroot’ raised USD 51 million. This investment round was the biggest ever for the Indian space technology industry. This announcement comes at a time when the global spacetech industry is experiencing an infusion of private companies. The Indian government has recognised the importance of the situation by opening up the space industry to private sector entities and promoting private investment in the field.
For many years, ISRO has dominated the Indian Space Industry. While they have gone above and beyond what was anticipated of India in the past, we are now entering a new age in which India is expected to lead the globe in technology and innovation. This is only achievable via collaboration of institutions such as the government, industry, academia, and startups.
The next stage is for the government to find out how to establish an ecosystem in which ISRO and private players can collaborate to help bring in a mix of the deep experience and resources that ISRO brings, as well as the ingenuity of startups. While spacetech in India is still at a nascent stage, we are on the right track with the entrance of private firms into the field.
"Growth in Spacetech will help usher in a new era of technology and innovation in India"
Focused Story Of The Week #2: Edge Computing: Powering Global Digital Integration
Global edge computing, whose market is predicted to reach USD 156 billion by 2030 as per a report by ResearchAndMarkets.com, holds the key to digital transformation, by improving industries' operational efficiency and performance and maintaining data security.
Edge computing decreases the volumes of data that need to be moved and the distance that data needs to travel. Currently, less than 10 per cent of business data is currently created and processed at the network's edge, however, Gartner predicts that percentage will increase to 75 per cent by 2025. Lesser traffic consequently means faster data transfer, lower latency, and lower transmission costs.
Edge computing coupled with 5G will result in quicker data travel. However, on the flipside, the sheer number of linked devices and networks may pose a concern on how cyber criminals can exploit cybersecurity flaws.
Nonetheless, because of the reduced bandwidth, edge computing can result in significant cost savings. By keeping fewer files in the cloud and performing more processing locally, data centers can conserve bandwidth capacity and avoid spending money on expensive upgrades to the current cloud storage capabilities. Which in return, has a significant influence on reducing energy use and carbon emissions and demonstrates that it is a more sustainable technological advancement.
"Edge computing has full potential to be as powerful as the cloud, yet a more sustainable technology."
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