Author - Pooja Mulge

Since the very first paper was produced about it in 1991, Blockchain has divided the technology community into three groups:

• The Believers: Blockchain will replace governments, the world will be run by Blockchain.
• The Non-Believers: It’s just another Silverlight.
• The I-don’t-care-ers: I’ll just wait until someone does something.

Then in 2008, Bitcoin happened, and two more sections of people got added to the list –

• Crypto Warriors: End of the banks. The world has changed forever!
• Crypto Weary-ers: It’s a pandora’s box that will increase crime.

Why Blockchain is Gaining Traction?
While the reality is that Blockchain is just like any other technology that goes through the hype cycle, it has one fundamental advantage: it is what we call a “horizontal technology”. This means it has several use cases and applications compared to something like a Silverlight. More and more people are realizing the fact that there is more to Blockchain than cryptocurrencies.

‘Gartner estimates blockchain will generate $3.1 trillion in new business value by 2030’

The “Private Blockchain” world has far more use cases that can be transformational in the corporate world. Examples like supply chain traceability are already very popular and many companies are either in the process of implementing the same or have already implemented them. Similarly, secure sharing of data over blockchain networks, identity management using blockchain wallets, etc. are all use cases that are seeing a lot of traction. It is important to note though that a lot of these implementations are driven by trying to solve an existing problem rather than trying to reinvent the wheel. For example, blockchain in the supply chain is being used as a system of record rather than as a contract automation system.

31^st March 2023, Hyderabad, India: Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company, appoints ex-Chairman and CEO of Capgemini India, Dr. Srinivas Kandula as its Executive Director on the Board. Dr. Kandula brings with him a wealth of experience from his previous role where he was responsible for leading the company's operations across India and as Head of HR at IGATE. This appointment supports the company’s ambitions to equip itself to achieve tremendous scale and multi-fold growth that it aims to achieve in the near foreseeable future.

In his new role, Dr. Kandula will work closely with Cigniti's Chairman & MD, Mr. C V Subramanyam, to provide strategic direction and inputs across all functions to help Cigniti in its vision, “Together, we build a better future through technology-led transformation”.

“Srinivas's rich and diverse experience will help Cigniti Technologies accelerate its journey towards becoming a billion-dollar quality-first software and digital engineering services company. He will provide leadership, direction, and insights to ensure that the organization is operating efficiently and effectively and will advise the Management at Cigniti to drive business growth and transformation. I look forward to collaborating closely with him for his strategic direction and inputs across all functions," said Mr. C V Subramanyam, Chairman & MD, Cigniti Technologies.

Srinivas Atreya, Chief Data Scientist, Cigniti Technologies | Thursday, 30 March 2023, 12:54 IST

Let us go back a bit in history to the first Industrial Revolution to frame the context for this question better. The revolution occurred in late 18th century England and was responsible for the rapid urbanization & industrialization of the west.

For the first time, machines were able to provide labour much more efficiently. As a result, incomes more than doubled, and England became the Industrial powerhouse of the world. By the early 1900s, more than 70% of the world’s textiles were manufactured within 40 kilometres of Manchester. The global south which missed this opportunity is playing catch up even today.

I guess we have a similar opportunity today. Generative AI is transforming our world in ways that were not thought possible just a few years ago. AI is no longer just a tool for business. It is going to be the very engine on which businesses will deliver value to their customers. The one thing that is different from the Industrial revolution is that this technology is more democratized. It is available for anyone willing to use it and makes the situation both exciting and terrifying for the enterprises.

As part of its CSR efforts, Cigniti supported a gynecology facility with medical equipment at MNJ Institute of Oncology, Regional Cancer, Hyderabad, India

Hyderabad, India 24^th March, 2023: As part of its CSR initiative, Project Cignificance, Cigniti Technologies, the world’s leading AI and IP-led Digital Assurance and Digital Engineering services company, extended its support to the Government MNJ Institute of Oncology, Regional Cancer in Hyderabad, India. Cigniti provided crucial healthcare and essential medical equipment for a gynecology unit supporting women cancer patients from marginalized communities.

Cigniti Technologies has always been at the forefront of supporting healthcare initiatives. This latest contribution reflects our commitment to supporting this facility with essential medical equipment like ICU beds, Ventilators, Multi-Channel Monitors, Infusion Pumps, Ultrasound Portable, Colposcope, air conditioners for the room, and many more. These equipments will enable them to offer more advanced care and medical attention to the patients.

The facility was inaugurated by Mr. Raghu Krovvidy, CDO at Cigniti Technologies in the presence of Mr. Sairam Vedam, CMO at Cigniti Technologies, and Mr. Midhun Pingili, Sr. Director of Marketing at Cigniti Technologies. Mr. Mayur Patnala, Founder and CEO of Nirmaan Organization, and Dr. Jayalatha, Director of MNJ Institute of Oncology and Regional Cancer Hospital, graced the occasion at the hospital.

In an interview with CNBC TV 18, Krishnan Venkatachary, CFO at Cigniti Technologies discusses the company’s strong financial performance and business outlook.

In an interview with CNBC TV18, Krishnan Venkatachary, CFO at Cigniti Technologies discusses Cigniti’s strong performance through FY2023 as well as the IT services industry outlook.

London, UK, Hyderabad, India 29^th November 2022: Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company, in partnership with Atom bank, UK's first app-based bank, has won the “Testing Team of the Year” at The European Software Testing Awards (TESTA) 2022 in London. Atom bank, in partnership with Cigniti, was also chosen as a finalist in three categories, namely ‘Best Test Automation Project – Functional’, ‘Testing Team of the Year’, and ‘Most Innovative Project’. TESTA celebrates companies, teams, and individuals who have accomplished significant achievements in the Software Testing and Quality Assurance space.

"This award is an outcome of the effective teamwork built around the ability to handle changing requirements, problem-solving skills, razor-focused delivery, and strong team ethos in helping our global clients like Atom bank in delivering reliable and frictionless user experiences to the end customers through software quality as a key enabler. Atom bank is one of Cigniti’s strategic clients and this recognition is a testament to our deep rooted expertise in the AI, IP-led Digital assurance, automation, continuous testing, and quality engineering services for the banking industry and the UK market,” says Srikanth Chakkilam – CEO, Cigniti Technologies.

Can you share your insights on how 5G technology will be essential in the post-pandemic world?
As software continues to be the critical component of every business, connectivity to the digital superhighway is imminent. 5G technology makes this possible. It has the potential that we have already experienced that can significantly re-shape human life, not just business. AI-led robotic surgeries which are video streamed, annotated and guided are today possible with 5G enabled ecosystems. There cannot be a better use case than the above to signify how 5G is impacting the human generation in this pandemic period and beyond. The pandemic has reshaped our daily lives, as well as the way business activities, are being conducted.

For example, pandemic restrictions forced many factories and industrial plants to close, disrupting production lines and supply chains. Covid-19 accelerated the demand for connectivity with consumers and professionals today are relying on high-quality and high-speed internet performance more than ever. 5G-enabled industries have the potential to help drive sustainable economic growth and define the next decade of innovation. Remote-controlled machines that communicate over 5G have suddenly became vital – they allowed human operators to steer drones, cranes and other industrial equipment with greater precision, speed and efficiency without having to be on site.