Tag Archives: Digital

Where does Pakistan stand as India chases digital dreams?

BY ALEEM BAWANY

Dubbed as the hub of start-ups, India has done immensely well for itself over the past few decades in the IT sector, and has a number of things going for it that Pakistan has yet to catch up on. Most of these are top-down investments. The biggest is the raw engineering talent that is coming out of India each year.

Take a look: Modi heads to Silicon Valley chasing a digital dream

For example, 1.3 million students sit in for Indian Institute of Technology (IITs) admission tests. This doesn’t factor in the national and regional institutes which further add to the engineering talent base. Pakistan needs far more engineering institutes than it currently has.

Following the swelling of the engineering talent pool, India has also seen a large uptake in Venture Capital (VC), driven largely by healthy returns in technology. A lot of this is fuelled by Indian alumni working overseas and having established themselves in enviable executive positions — the CEOs of Google, Microsoft and Adobe are all of Indian origin. Bollywood has also jumped on the bandwagon with most actors going beyond just endorsements and actually taking partnerships in tech start-ups.

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Bitcoin Boom? US fears digital currency may hit dollar demand

The US is becoming increasingly concerned over virtual currencies, launching broad investigations into Bitcoin and the likes. The online currency has won official recognition with a US federal judge ruling it is real money. A Texas man, being tried for laundering billions of dollars using the Bitcoin system, challenged the court by saying bitcoins were virtual and couldn’t be the basis for a fraud charge. He failed. RT’s Peter Oliver went to meet those who have no doubt bitcoin has real value.

Courtesy: – RT

Urdu Enters the Digital Age

Computer scientists at the University at Buffalo and at Janya Inc. have developed the first software system that will allow for computational processing of documents in Urdu, Pakistan’s national language and one of the world’s five most-spoken languages.

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