International Current Affairs 2018
Latest International Current Affairs 2018 with news summaries and current events in International developments, geopolitical, organizations, groupings and fora related updates for India and world with all important national news updates and events for the year 2018. A PDF compilation of latest 300 updates can be downloaded from This Link
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The Sino-Indian Digital Collaboration Plaza (SIDCOP) has been launched by the National Association of Software and Services Companies (NASSCOM) in association with Municipal Governments of Guiyang and Dalian.
About the SIDCOP
The initiative aims to bring Indian IT companies and Chinese enterprises closer to each other on a single AI enabled platform. This platform will be managed by a joint venture comprising of one Indian and Chinese company.
The initiative aims to encash the expertise of Indian IT enterprises in business transformation and operational optimization by using IT tools in complex business environments. Indian IT enterprises are successfully serving many international clients to transform their businesses and globalize and revolutionize with changing times.
The SIDCOP offers a boundary-less marketplace for Chinese enterprises in order to assist them in operational optimization and adopting industry best practices in business solutions by connecting with Indian enterprises.
National Association of Software and Services Companies (NASSCOM)
NASSCOM is a not-for-profit industry association and is the apex body for the Indian IT-BPM industry. The membership of the NASSCOM is open for Companies registered in India and are focused on providing IT-BPM products and services.
NASSCOM aims to make sure that service quality and enforcement of Intellectual Property Rights have been properly implemented in the Indian software and BPM industry.
The World Economic Forum has recognised Tata Steel’s plant at IJmuiden in the Netherlands as Manufacturing Lighthouse with state-of-the-art production facilities which successfully adopt and integrate the cutting-edge technologies of the future and drive financial and operational impact.
Recognition to Tata Steel
The recognition of the Tata Steel was due to the following factors:
- Acknowledgement of the thriving culture of innovation at Tata Steel and advanced analytics team’s vision and commitment to realise more efficient, productive and responsible steelmaking.
- The pioneering use of advanced analytics to optimise the way raw materials are used, increase the yield at every step of the steelmaking process and further improve logistics between the different processes and the quality of the product for customers.
- The Advanced Analytics Academy gives Tata Steel employees an impetus to find solutions for waste reduction, quality improvement and overall reliability of production processes.
The World Economic Forum organizes a network of leading intelligent production companies as Manufacturing Lighthouses under its ‘Shaping the Future of Production’ initiative to allow the exchange of knowledge and promote collaborations in the area of the ‘Fourth Industrial Revolution’ in production.
These Manufacturing Lighthouses showcases how best a strategy for the Fourth Industrial Revolution be developed by training employees, cooperating with other parties, implementing changes in the workplace and in the value chain through greater efficiency and contribute to reducing the climate footprint of production companies by 50 per cent.
Tags: climate footprint of production • Factory of the Future • Fourth Industrial Revolution • Manufacturing Lighthouses • Shaping the Future of Production' initiative • Tata Steel • World Economic Forum