Latest news with #IT
National Post
an hour ago
- Business
- National Post
ITRS Recognized in 2025 Gartner® Magic Quadrant™ for Observability Platforms for the First Time
Article content LONDON — ITRS, a pioneer in real-time monitoring and observability for mission-critical industries, today announced its inclusion in the 2025 Gartner® Magic Quadrant™ for Observability Platforms. Article content ITRS's transformation into a unified observability platform, purpose-built for demanding and regulated IT environments, is the outcome of sustained investment in product innovation. By consolidating Geneos (application performance), Opsview (infrastructure monitoring), and Uptrends (digital experience monitoring) into a single, powerful platform, ITRS Analytics, the company delivers observability at the speed of the markets. Article content 'Our ambition is to redefine observability for industries where downtime isn't an option,' Article content said Ryan Terpstra, CEO at ITRS. Article content 'ITRS Analytics empowers organizations to move beyond IT monitoring to holistic observability, ensuring the systems that power the modern digital economy are always on.' Article content Built for Real-Time Resilience Article content ITRS Analytics offers the ability to ingest and enrich telemetry beyond infrastructure data – including sustainability metrics, business KPIs, and financial transaction telemetry – making it uniquely suited to financial services and other high-stakes use cases. Article content 'The launch of ITRS Analytics marks a transformational shift forward allowing us to deliver innovation at pace for the largest and most complex enterprises in the world,' Article content added Ryan Terpstra. Article content 'It is the foundation on which we are now bringing together agentic AI, automation, and predictive capabilities all designed to help our clients achieve their IT resilience and business objectives.' Article content Gartner Disclaimer Article content Gartner, Magic Quadrant for Observability Platforms, by Gregg Siegfried, Matt Crossley, Padraig Byrne, Andre Bridges, Martin Caren, July 2025. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. About ITRS ITRS provides real-time monitoring, analytics, and observability solutions that help financial institutions and enterprises ensure operational resilience, performance, and compliance. Trusted by leading banks, exchanges, and payment providers, ITRS enables teams to detect, diagnose, and resolve issues before they impact customers or markets. Learn more at Article content Article content Article content Article content Article content Article content
Time of India
2 hours ago
- Business
- Time of India
Over 25 categories of uncertified goods seized in BIS raid on e-commerce firms
The Bureau of Indian Standards (BIS) on Tuesday said it had seized a large consignment of uncertified consumer products from e-commerce platforms Flipkart , E-Kart , and Meesho in Krishna district, Andhra Pradesh, emphasising that several platforms are "facilitating the sale and distribution of hazardous goods". The BIS is conducting a nationwide enforcement campaign to curb the sale of non-certified and unsafe products that violate provisions of the Quality Control Orders (QCOs). As part of this drive, the BIS Vijayawada branch carried out a raid on July 14 at Mustabad village in Gannavaram mandal, targeting the three platforms, an official press release said. "The BIS Vijayawada Branch Office conducted a major raid on prominent e-commerce platforms-Flipkart, E-Kart, and Meesho. During the operation, officials seized a large consignment comprising over 25 categories of consumer products," said Prem Sajani Patnala, Director & Head, BIS Vijayawada. The seized products included electronics, LED bulbs, toys, and table fans-all in violation of Section 17 of the BIS Act, 2016, Patnala said. Based on actionable intelligence and digital surveillance, it was found that several e-commerce platforms are enabling the sale of uncertified and potentially hazardous products, the release added. These items, lacking valid BIS certification , were being sold in violation of mandatory QCOs and relevant provisions of the BIS Act, posing serious risks to consumer health and safety , Patnala said. Section 17 of the BIS Act prohibits the sale, storage, or display of goods without the standard mark, while Section 29(3) provides for imprisonment of up to three years and fines up to Rs 10 lakh, or up to ten times the value of the seized goods. In applicable cases, violations under Section 79(2)(c) of the Information Technology Act, 2000, and Rule 3(b)(iv) & (v) of the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, will also be invoked for failure to exercise due diligence by the platforms, Patnala added. With over 800 products falling under mandatory BIS certification, all such goods must bear standard marks-such as ISI, CRS, Hallmark, or relevant system marks-and be sold only by licensed entities. Manufacture, storage, or sale of uncertified goods is punishable under law. Patnala urged consumers to use the BIS Care app to verify certification details and report misuse of BIS marks, assuring that BIS will continue proactive enforcement and consumer outreach efforts.
Hans India
12 hours ago
- Business
- Hans India
Lokesh sets goal to create 10L jobs in 4 yrs
Vijayawada: Minister of IT, Electronics and Human Resources Development Nara Lokesh on Tuesday issued a clear directive to officials to ensure an investor-friendly environment to accelerate the growth of IT companies, with an ambitious goal of generating 10 lakh jobs in the IT sector over the next four years. This target will be achieved through strategic focus on establishing datacenters and Global Capability Centers (GCCs) across the state, he said. During a review meeting with officials at his residence, the minister revealed that 95 prominent companies have already expressed interest in setting up GCCs and data centers in Andhra Pradesh. He emphasised the need for officials to provide seamless support and create a conducive atmosphere to expedite these investments. Highlighting the state's proactive approach, Lokesh announced that the government has signed Memoranda of Understanding (MoUs) with ANSR and Sattva companies, which are projected to provide employment to 35,000 youth. He also stressed the importance of establishing co-working spaces in all 26 districts to fuel the growth of startup companies. The minister confirmed that the Ratan Tata Innovation Hub will be inaugurated shortly, a move aimed at further encouraging the startup ecosystem. To support emerging tech ventures, he called for the establishment of regional centers in Visakhapatnam, Rajahmundry, Vijayawada, Tirupati, and Anantapur. In a significant push for advanced technology, Lokesh directed officials to take the initiative in providing the necessary infrastructure for the development of a Quantum Computer Valley in Amaravati, in partnership with global tech giants TCS, L&T, and IBM. Focusing on digital governance, Lokesh instructed officials to enhance the 'Mana Mitra' WhatsApp government services. He stated that essential certificates should be made readily available to citizens through this WhatsApp platform, further streamlining public service delivery. Additionally, the minister called for the provision of internet connectivity to 45,000 government schools and all airports in the state, underscoring the government's commitment to digital inclusion and infrastructure development. IT Secretary Katamneni Bhaskar, IT & C Special Secretary Sundar, APIIC MD Abhishikth Kishore, EDB CEO Saikanth Varma, RTGS CEO Prakar Jain, and APTS MD Suryateja, and others also attended.
Globe and Mail
14 hours ago
- Business
- Globe and Mail
Asia Pacific's Demand for IT and Business Services Slows in Q2, ISG Index™ Shows
Asia Pacific's spending on IT and business services slowed in the second quarter as enterprises remained cautious in the face of uncertain macro conditions, according to the latest state-of-the-industry report from Information Services Group ( ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm. The Asia Pacific ISG Index™, which measures commercial outsourcing contracts with annual contract value (ACV) of US $5 million or more, shows second-quarter ACV for the combined market (both cloud-based XaaS and managed services) was down slightly (0.3 percent) versus the prior year, to US $4.7 billion. Sequentially, the market fell 12 percent compared with the first quarter. It was the first time the Asia Pacific market pulled back since the second quarter last year. Fueled by interest in AI, demand for cloud-based services remained robust, up 16 percent year on year, to US $3.9 billion, even as demand slowed 15 percent from the first quarter. Managed services, meanwhile, slumped 40 percent, to US $823 million, but rose 6 percent against the first quarter. Within the XaaS segment, infrastructure-as-a-service (IaaS) ACV advanced 17 percent, at US $3.4 billion, while software-as-a-service (SaaS) ACV grew 13 percent, to US $500 million. In managed services, IT outsourcing (ITO) ACV fell 46 percent, to US $539 billion, with even the largest and fastest-growing service area, application development and management (ADM), down more than 30 percent. Business process outsourcing (BPO) also had a weak quarter, down 34 percent, to US $133 million, with only customer engagement and facilities management services showing growth. Engineering, research and development (ER&D) services didn't fare much better, down 15 percent, to US $152 million. During the quarter, 69 managed services contracts were awarded, down 18 percent year on year. Among industries, the region's largest industry for sourcing—banking, financial services and insurance (BFSI)—was up 1.4 percent. Travel, transportation and leisure and retail both generated double-digit growth off smaller bases. All other sectors were down by double digits. Geographically, South Korea was the only market that grew, albeit off a small base. Australia-New Zealand was down 33 percent, India was down 16 percent and Japan was down 35 percent. 'Macroeconomic and geopolitical uncertainty is really taking a toll on the Asia Pacific market at the moment. The only bright spot right now is AI, which has companies investing in cloud services to take advantage of the massive computing power needed to run AI at scale,' said Michael Gale, partner and regional leader, ISG Asia Pacific. 'Given the quarter-over-quarter improvement we saw in managed services, we hope to see a turnaround in the overall market during the second half.' First-Half Results Asia Pacific's combined market ACV in the first half rose 4.3 percent versus the prior year, to US $10.1 billion. All the growth can be attributed to the XaaS segment, which rose 17 percent, to US $8.5 billion. Within XaaS, IaaS was up 17 percent, to US $7.4 billion, while SaaS rose 16 percent, to US $1.0 billion. Managed services, meanwhile, declined 34 percent, to US $1.6 billion. All its component pieces were down double digits, including ITO, down 31 percent, to US $1.1 billion; BPO, down 33 percent, to US $288 million, and ER&D down 51 percent, to US $175 million. The 126 managed services contracts awarded in the first half were down 16 percent from the prior year. Among industries, the largest sector for outsourcing, BFSI, was down 16 percent, while the second largest, manufacturing, was off 19 percent. Among geographic markets, only India managed growth in the first half, up 2.4 percent. 2025 Global Forecast For the full year, ISG is maintaining its forecast of 1.3 percent revenue growth for managed services, reflecting a stabilizing tariff environment but also continued weakness in discretionary spending. At the same time, ISG is raising its previous growth forecast for cloud-based XaaS by 300 basis points, to 21 percent, based on continuing strong demand for AI-driven transformation. About the ISG Index™ The ISG Index™ is recognized as the authoritative source for marketplace intelligence on the global technology and business services industry. For 91 consecutive quarters, it has detailed the latest industry data and trends for financial analysts, enterprise buyers, software and service providers, law firms, universities and the media. The 2Q25 Global ISG Index results were presented during a webcast on July 10. To view a replay of the webcast and download presentation slides, visit this webpage. About ISG ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world's top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments.
The Hindu
20 hours ago
- Business
- The Hindu
95 firms propose to invest ₹1 lakh crore in Andhra Pradesh, says Lokesh
Minister for HRD, IT and Electronics Nara Lokesh on Tuesday said 95 leading companies had so far proposed investments to the tune of ₹1 lakh crore in the State's IT, electronics, global capability centres (GCC) and data centre sectors. Addressing a review meeting with officials of IT, Electronics and Real Time Governance Society (RGTS) at his residence in Undavalli, the Minister said that the authorities should expedite issue of necessary permissions and facilitate infrastructure so that these firms can quickly establish their operations. He urged them to work towards generating 10 lakh jobs over the next four years through expansion of IT, electronics, data centres and GCCs. Responding to the information given by the officials that the land allotment process to companies like TCS and Congnizant in Visakhapatnam had been completed, Mr. Lokesh directed them to ensure swift commencement of their operations. Referring to his recent visit to Bengaluru, where he signed MoUs with ANSR and Sattva Groups, the Minister said that their projects in Andhra Pradesh would create 35,000 jobs. He also wanted the officials to create co-working spaces across the 26 district centres for small enterprises coming to the State. He said the proposed Ratan Tata Innovation Hub, which is being developed to foster modern innovation and to promote startups in the State, would be inaugurated soon and asked the officials to take necessary steps to establish regional spoke centres in Visakhapatnam, Rajamahendravaram, Vijayawada, Tirupati and Anantapur. He said that in alignment with the Amaravati Quantum Valley, partnerships with companies like TCS, L&T and IBM had already been formed and the officials should finalise essential infrastructure for the partners. Referring to the proposed 'Drone City' project at Orvakal in Kurnool district, spanning 400 acres in the coming year, Mr. Lokesh instructed the officials to create an ecosystem to support it. He also wanted wide promotion to the 'Mana Mitra' WhatsApp governance services launched by the government. He said that out of the total 702 State services, 535 of them were currently being offered through 'Mana Mitra' app. He said steps should be taken to ensure internet connectivity in all the 45,000 government schools and uninterrupted phone connectivity at airports in Visakhapatnam, Vijayawada, Tirupati and Rajamahendravaram.
