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A Special Talk on Data Democratization by Dr. Neeta Verma, Director General, NIC, India | 20 July at 4.00pm IST

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Pune Knowledge Cluster, CODATA India National Committee & The Indian National Science Academy Present

A Special Talk on Data Democratization

Tuesday, July 20, 2021 | 4pm to 5pm (IST)

About the Topic: Data has emerged as the key resource of the Digital Economy. Citizens, Organizations and Society at large will benefit from the democratization of data as it will become usable by anyone to derive insights out of it and build inclusive solutions for the development of our society.

Speaker: Dr. Neeta Verma, Director General, NIC

Dr. Neeta Verma is the Director General of National Informatics Centre (NIC). She has been spearheading the Digital Transformation initiatives through development of Digital Platforms for Government. She led the setting up of a technology platform for MyGov, a citizen engagement & crowd-sourcing platform engaging over 14 million citizens. With extensive experience in the field of open data, she has led the launch of Open Data Platform to release government data in open for public good, development of Mobile-First Strategy & formulation of Government Open Data License (GODL). She is also guiding the productization of NIC’s popular solutions such as eOffice, eHospital, eProcurement & many more. She has worked closely with the Indian Judiciary, Government Ministries & State Governments during their Digital Transformation journey. To leverage emerging technologies in governance, she led the establishment of one of its kinds CoEs in Blockchain, Application Security, Artificial Intelligence, Micro Services & Data Analytics, which are working towards exploring applications of emerging technologies in governance. During the COVID-19 crisis, apart from ensuring a seamless provision of Network, Cloud to Messaging & VC Services, she was also entrusted by the Government to manage a mobile application, ‘AarogyaSetu’, by far the most downloaded government application in India (170 million downloads). She also led the development of RT- PCR app & supervised the establishment of the Central Data Hub to ensure secure exchange of Data among different IT systems of the Government. In 2019, she was featured amongst top 55 inspiring women around the world showcasing the prowess of technology in government.

Chaired by Prof. Ajit Kembhavi, Principal Investigator, Pune Knowledge Cluster; Chairman, CODATA India National Committee
The Pune Knowledge Cluster (PKC.org.in) has been established by the Office of the Principal Scientific Advisor to the Government of India. The aim is to bring together academia, R&D institutions and the industry of Pune and its surrounding regions to address the challenging problems of the region through innovative means, using scientific knowledge and engaging highly skilled human resources.

Join: YouTube Live | Join on Zoom

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Source: https://codata.org/a-special-talk-on-data-democratization-by-dr-neeta-verma-director-general-nic-india-20-july-at-4-00pm-ist/

Big Data

How much Mathematics do you need to know for Machine Learning?

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Mathematics For Machine Learning | Maths to understand ML Algorithms





















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Source: https://www.analyticsvidhya.com/blog/2021/07/how-much-mathematics-do-you-need-to-know-for-machine-learning/

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Nokia lifts full-year forecast as turnaround takes root

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HELSINKI (Reuters) -Telecom equipment maker Nokia reported a stronger-than-expected second-quarter operating profit on Thursday and raised its full-year outlook as promised, thanks to a turnaround of its business.

The Finnish company’s April-June comparable operating profit rose to 682 million euros ($808.51 million) from 423 million euros a year earlier, beating the 408-million euro mean estimate in a Refinitiv poll of analysts.

Shifting geopolitics and a sharp round of cost cutting have put Nokia firmly back in the global 5G rollout race just a year after CEO Pekka Lundmark took the reins, allowing it to gain ground on Swedish arch-rival Ericsson.

“We have executed faster than planned on our strategy in the first half which provides us with a good foundation for the full year,” Lundmark said in a statement on Thursday, but added that Nokia still expects the 2021 second-half results to be less pronounced.

Nokia said it now expects full-year net sales of 21.7 billion-22.7 billion euros, up from its prior estimate of 20.6 billion-21.8 billion euros, with an operating profit margin of 10-12% instead of the 7% to 10% expected previously.

The company had announced on July 13 that it would raise its outlook, but did not provide any details.

($1 = 0.8435 euros)

(Reporting by Essi Lehto; editing by Terje Solsvik and Sriraj Kaluvila)

Image Credit: Reuters

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Source: https://datafloq.com/read/nokia-lifts-full-year-forecast-turnaround-takes-root/16713

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Robinhood, gateway to ‘meme’ stocks, raises $2.1 billion in IPO

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By Echo Wang and David French

(Reuters) -Robinhood Markets Inc, the owner of the trading app which emerged as the go-to destination for retail investors speculating on this year’s “meme’ stock trading frenzy, raised $2.1 billion in its initial public offering on Wednesday.

The company was seeking to capitalize on individual investors’ fascination with cryptocurrencies and stocks such as GameStop Corp, which have seen wild swings after becoming the subject of trading speculation on social media sites such as Reddit. Robinhood’s monthly active users surged from 11.7 million at the end of December to 21.3 million as of the end of June.

The IPO valued Robinhood at $31.8 billion, making it greater as a function of its revenue than many of its traditional rivals such as Charles Schwab Corp, but the offering priced at the bottom of the company’s indicated range.

Some investors stayed on the sidelines, citing concerns over the frothy valuation, the risk of regulators cracking down on Robinhood’s business, and even lingering anger with the company’s imposition of trading curbs when the meme stock trading frenzy flared up at the end of January.

Robinhood said it sold 55 million shares in the IPO at $38 apiece, the low end of its $38 to $42 price range. This makes it one of the most valuable U.S. companies to have gone public year-to-date, amid a red-hot market for new listings.

In an unusual move, Robinhood had said it would reserve between 20% and 35% of its shares for its users.

Robinhood’s platform allows users to make unlimited commission-free trades in stocks, exchange-traded funds, options and cryptocurrencies. Its simple interface made it popular with young investors trading from home during the COVID-19 pandemic.

Robinhood enraged some investors and U.S. lawmakers earlier this year when it restricted trading in some popular stocks following a 10-fold rise in deposit requirements at its clearinghouse. It has been at the center of many regulatory probes.

The company disclosed this week that it has received inquiries from U.S. regulators looking into whether its employees traded shares of GameStop and AMC Entertainment Holdings, Inc before the trading curbs were placed at the end of January.

In June, Robinhood agreed to pay nearly $70 million to settle an investigation by Wall Street’s own regulator, the Financial Industry Regulatory Authority, for “systemic” failures, including systems outages, providing “false or misleading” information, and weak options trading controls.

The brokerage has also been criticized for relying on “payment for order flow” for most of its revenue, under which it receives fees from market makers for routing trades to them and does not charge users for individual trades.

Critics argue the practice, which is used by many other brokers, creates a conflict of interest, on the grounds that it incentivizes brokers to send orders to whoever pays the higher fees. Robinhood contends that it routes trades based on what is cheapest for its users, and that charging a commission would be more expensive. The U.S. Securities and Exchange Commission is examining the practice.

Robinhood was founded in 2013 by Stanford University roommates Vlad Tenev and Baiju Bhatt. They will hold a majority of the voting power after the offering, these filings showed, with Bhatt having around 39% of the voting power of outstanding stock while Tenev will hold about 26.2%.

The company’s shares are scheduled to start trading on Nasdaq on Thursday under the ticker “HOOD”

Goldman Sachs and J.P. Morgan were the lead underwriters in Robinhood’s IPO.

(Reporting by Echo Wang and David French in New York; Editing by Leslie Adler)

Image Credit: Reuters

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Source: https://datafloq.com/read/robinhood-gateway-meme-stocks-raises-21-billion-ipo/16712

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Israel tells France it is taking NSO spyware allegations seriously

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PARIS/JERUSALEM (Reuters) -Israel is taking seriously allegations that spyware developed by an Israeli company was used against public figures including French President Emmanuel Macron, Israel’s defence minister told his French counterpart during a visit to Paris on Wednesday.

Israeli defence chief Benny Gantz met French Defence Minister Florence Parly in part to share initial findings from an Israeli government assessment of exports to France by NSO Group, which sells the Pegasus spyware.

A French government spokesman said Parly would “seize the opportunity” to ask Gantz what his government knows about NSO’s activities, which have emerged as a diplomatic liability for Israel.

At Parly’s request, Gantz “commented on the issue of NSO and told her that Israel is taking the allegations seriously”, a statement from his office said.

“Israel grants cyber licences only to nation-states and only to be used for the needs of dealing with terrorism and crime,” the statement said.

An investigation published by 17 media organisations, led by the Paris-based non-profit journalism group Forbidden Stories, said the spyware had been used in attempted and successful hacks of smartphones belonging to journalists, government officials and human rights activists.

Macron’s phone was on a list of potential targets for surveillance by Morocco, which used the Pegasus software, French newspaper Le Monde reported. Macron has called for an investigation.

Israel has set up a senior inter-ministerial team to look into the spyware allegations.

Gantz told Parly that “representatives studying the issue came to NSO today, and that Israel is looking into the issue with the utmost seriousness”.

NSO has said the report about Pegasus was “full of wrong assumptions and uncorroborated theories”. Pegasus is intended for use only by government intelligence and law-enforcement agencies to fight terrorism and crime, the company has said.

NSO says it does not know the specific identities of people against whom clients use Pegasus, but that if it receives complaints it can acquire the target lists and unilaterally shut down the software for any clients found to have abused it.

An Israeli official said the defence ministry would support such actions by NSO if wrongdoing was determined.

(Reporting by Dominique Vidalon in Paris, Dan Williams in Jerusalem and Rami Ayyub in Tel Aviv; Editing by Christian Lowe, Timothy Heritage and Nick Macfie)

Image Credit: Reuters

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Source: https://datafloq.com/read/israel-tells-france-taking-nso-spyware-allegations-seriously/16711

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