table of contents - infoholic research · 2019-09-03 · automotive lidar system which can...

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AMASS Spotlight A step towards advanced autonomous driving system Management Corner From the CEO Editor’s Corner Analyst Zone Expert Column Information Technology – Spurring growth of Indian Economy Quotes of the Month Table Of Contents An Infoholic Mouthpiece Spotlight A Step Towards Advanced Autonomous Driving System www.infoholicresearch.com Edition 3 April 2018 An Autonomous driving technology helps in realizing the various operations and decision-making functions that are carried out by the driver. These functions are carried out using sensors and multiple cameras mounted on the car to help control accelerator and braking systems. A secured advance technology is a must to make self-driving vehicles full proof. Toshiba has developed a circuit technology with an automotive LiDAR (light detection and ranging) to enable long-range distance measurement that can capture high quality 3D images in real time of the vehicle surroundings. The advanced LiDAR sensors can detect surrounding vehicles and pedestrians with precision compared to other sensors and its analog-to-digital converter along with signal processer helps to measure, reduce and suppress noise generated under the sunlight. The solution helps to enhance the performance using newly developed smart averaging technique which utilizes two hybrid circuits, an ADC circuit for measuring long distance and the other to measure short distances. It has the capacity to overcome conventional signal processes and can automatically differentiate if the reflected signals generated from the multiple lasers are from the different or same object. It further sharpens the image and significantly improves LiDAR image resolution and can measure the distance, covering up to 200m with a high accuracy and resolution. The unique structure of the advanced ADC circuit helps to realize a small circuit size and lowers circuit power consumption. This further makes way for building a compact and high-performance automotive LiDAR system which can accelerate in realizing a secure and sophisticated autonomous driving system. Fog computing: Eliminating Data Turnaround Time Web Scale IT: An advanced technology designed to scale the entire IT system Cloud automation: A smart way to ensure quick response to rapidly changing business environment Sports Analytics: An important tool to gain competitive advantage Tech Talk

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Page 1: Table Of Contents - Infoholic Research · 2019-09-03 · automotive LiDAR system which can accelerate in realizing a secure and sophisticated autonomous driving system. Fog computing:

AMASS

SpotlightA step towards advanced autonomous driving system

Management CornerFrom the CEO Editor’s Corner

Analyst Zone

Expert ColumnInformation Technology – Spurring growth ofIndian Economy

Quotes of the Month

Table Of Contents

An Infoholic Mouthpiece

SpotlightA Step Towards Advanced AutonomousDriving System

www.infoholicresearch.com

Edition 3 April 2018

An Autonomous driving technology helps in realizingthe various operations and decision-making functionsthat are carried out by the driver. These functions arecarried out using sensors and multiple camerasmounted on the car to help control accelerator andbraking systems.

A secured advance technology is a must to make self-drivingvehicles full proof. Toshiba has developed a circuit technologywith an automotive LiDAR (light detection and ranging) toenable long-range distance measurement that can capture highquality 3D images in real time of the vehicle surroundings.

The advanced LiDAR sensors can detect surrounding vehiclesand pedestrians with precision compared to other sensors and itsanalog-to-digital converter along with signal processer helps tomeasure, reduce and suppress noise generated under the sunlight.

The solution helps to enhance the performance using newly developed smart averaging technique which utilizes two hybrid circuits, an ADC circuit for measuring long distance and the other to measure short distances. It has the capacity to overcome conventional signal processes and can automatically differentiate if the reflected signals generated from the multiple lasers are from the different or same object. It further sharpens the image and significantly improves LiDAR image resolution and can measure the distance, covering up to 200m with a high accuracy and resolution. The unique structure of the advanced ADC circuit helps to realize a small circuit size and lowers circuit power consumption. This further makes way for building a compact and high-performance automotive LiDAR system which can accelerate in realizing a secure and sophisticated autonomous driving system.

Fog computing: Eliminating Data Turnaround TimeWeb Scale IT: An advanced technology designed toscale the entire IT systemCloud automation: A smart way to ensure quickresponse to rapidly changing business environmentSports Analytics: An important tool to gaincompetitive advantage

Tech Talk

Page 2: Table Of Contents - Infoholic Research · 2019-09-03 · automotive LiDAR system which can accelerate in realizing a secure and sophisticated autonomous driving system. Fog computing:

www.infoholicresearch.com

The 3D-LiDAR has the capability to acquire data from moving people and vehicles by its ability to distinguish between moving subjects along gauging side, shapes and objects.

It captures behavioral data patterns and can determine pedestrian and vehicle behaviors which can be used in detecting criminal suspicious activity.

Further it has ability to see data in 3D environment which it uses to provide feedback from different structures like landscape and buildings.

The 3D-LiDAR has the capability to acquire data from moving people and vehicles by its ability to distinguish between moving subjects along gauging side, shapes and objects.

It captures behavioral data patterns and can determine pedestrian and vehicle behaviors which can be used in detecting criminal suspicious activity.

Further it has ability to see data in 3D environment which it uses to provide feedback from different structures like landscape and buildings.

Technology Highlights

Tech TalkThe constant surge of data from a manufacturing unit or a financial institute needs to be analyzed in order to react to events in real time and take decisions during crisis. Fog computing facilitates transfer of data from its origin to multiple locations where ever they are required. This concept is ideal for applications that require real-time interactions within its network extending from where the data is created to the eventual storage point either within customer’s data center or in the cloud.

Fog Computing: Eliminating Data Turnaround Time

I welcome you all to the third edition of Infoholic’s monthly newsletter ‘Amass’ which intends to provide an update on the latest technology trends covering diverse industries. The newsletter addresses and highlights issues of major impact that correlates with different business environment. Today's business strategies are determined by digital and technological advancement. I hope you will have a good time reading our third edition of the Newsletter. We intend to offer more value to you over the upcoming editions.

Management CornerFrom the CEO

Robots are making way into human lives and are taking a centre step. The most popular among them are arguably agricultural robots which allow farmers to produce more food at low cost. One of the key advancement in robotic implements are its ability to self-learn using its highly intelligent features like advanced vision technology along with machine learning features. The intelligent implements have the ability to distinguish between crops and weeds as the implement are run along the field, paving the way for a customized farm oriented weeding action. The agricultural robots market will generate more than 13.0 Billion by 2023 with a CAGR of more than 20% between 2017 and 2023.

Editor’s Corner

Sreenivasan K RCEO, Infoholic Research

Pavan Mudholkar Editor, Infoholic Research

Americas Market Revenue, 2017–2023 ($million)Chart 01

556.72

28%39%

52%

69%

91%

105%

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0.6%

0.8%

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2017 2018 2019 2020 2021 2022 2023

$Bill

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Market Revenue Growth Rate

The solution helps to enhance the performance using newly developed smart averaging technique which utilizes two hybrid circuits, an ADC circuit for measuring long distance and the other to measure short distances. It has the capacity to overcome conventional signal processes and can automatically differentiate if the reflected signals generated from the multiple lasers are from the different or same object. It further sharpens the image and significantly improves LiDAR image resolution and can measure the distance, covering up to 200m with a high accuracy and resolution. The unique structure of the advanced ADC circuit helps to realize a small circuit size and lowers circuit power consumption. This further makes way for building a compact and high-performance automotive LiDAR system which can accelerate in realizing a secure and sophisticated autonomous driving system.

Page 3: Table Of Contents - Infoholic Research · 2019-09-03 · automotive LiDAR system which can accelerate in realizing a secure and sophisticated autonomous driving system. Fog computing:

www.infoholicresearch.com

The need to improve efficiency, lower costs, reduce data complexities and the demand for digital technol-ogies will boost the demand for Web-Scale IT market with an expected CAGR of more than 20% during the forecast period 2017–2023. Telecom & IT industry will be one of the major market for Web-Scale IT with close to 22% market share. Among the regions, Asia-Pacific is expected to witness large scale Web Scale IT adoption in the coming years.

The need to improve efficiency, lower costs, reduce data complexities and the demand for digital technol-ogies will boost the demand for Web-Scale IT market with an expected CAGR of more than 20% during the forecast period 2017–2023. Telecom & IT industry will be one of the major market for Web-Scale IT with close to 22% market share. Among the regions, Asia-Pacific is expected to witness large scale Web Scale IT adoption in the coming years.

Fog computing provides enterprises with multiple options for processing data where it is most required. In many cases they may have to be processed as quickly as possible to be able to respond to an incident.

Its ability to create pathway for low-latency network connection between devices and analytical end-points makes this technology very useful.

It can also be used in cases where there is no bandwidth connection to send data, making it man-datory to process the data from the closed point from where it is created.

Fog computing provides enterprises with multiple options for processing data where it is most required. In many cases they may have to be processed as quickly as possible to be able to respond to an incident.

Its ability to create pathway for low-latency network connection between devices and analytical end-points makes this technology very useful.

It can also be used in cases where there is no bandwidth connection to send data, making it man-datory to process the data from the closed point from where it is created.

It provides business agility as developers have the choice to easily develop and deploy applications as required, taking into consideration customer requirements.

It provisions for easy control of device monitoring and control activities as all the sensitive data are analyzed locally without the need to send it to the cloud.

Protects sensitive IoT data by analyzing data within the company walls leading to higher level of service and improved safety.

It provides business agility as developers have the choice to easily develop and deploy applications as required, taking into consideration customer requirements.

It provisions for easy control of device monitoring and control activities as all the sensitive data are analyzed locally without the need to send it to the cloud.

Protects sensitive IoT data by analyzing data within the company walls leading to higher level of service and improved safety.

Enhanced scalability, agility, decreasing hardware costs and unparalleled accessibility of enterprise data are the major factors driving market growth.

The model allows enterprises to shift their focus on enhancing system agility as opposed to fixed and standard frameworks.

Enhanced scalability, agility, decreasing hardware costs and unparalleled accessibility of enterprise data are the major factors driving market growth.

The model allows enterprises to shift their focus on enhancing system agility as opposed to fixed and standard frameworks.

Enterprises have the option to shift focus from scale-up architectural model to scale-out architec-tural model which helps in utilizing cost-effective options such as open-source hardware.

Its hardware approach allows applications to be designed, built and managed in cloud infrastruc-tures, reducing power and space, and eliminating storage complexity.

Enterprises have the option to shift focus from scale-up architectural model to scale-out architec-tural model which helps in utilizing cost-effective options such as open-source hardware.

Its hardware approach allows applications to be designed, built and managed in cloud infrastruc-tures, reducing power and space, and eliminating storage complexity.

Some of the major factors influencing the rapid growth in fog computing market include advanced development in data management technology, internet adoption and mobile phone usage rates. The surge in IoT and M2M connectivity along with increasing demand for real-time critical process computing are driving the global fog computing market with the revenue expected to reach $556.72 million during the forecast period 2017–2023. Americas is expected to be the largest market driven by its applications and internet of things market with US and Canada being in the forefront.

Some of the major factors influencing the rapid growth in fog computing market include advanced development in data management technology, internet adoption and mobile phone usage rates. The surge in IoT and M2M connectivity along with increasing demand for real-time critical process computing are driving the global fog computing market with the revenue expected to reach $556.72 million during the forecast period 2017–2023. Americas is expected to be the largest market driven by its applications and internet of things market with US and Canada being in the forefront.

Advantages of Fog Computing:

Major Advantages Of Web Scale IT

Large size data centres are constantly looking for tools that can match with high-performance infrastructure capabilities and can easily scale up performance as per requirement at the same time keep the costs low. The web-scale is one model which offers multiple ben-efits including resiliency, flexibility and on-demand infrastructure. Its open environment makes it ideal to standardize protocols, easily identify problems and design a unified and efficient stack that can communi-cate. It provides enterprise with options to tackle vendor lock-in problems and allows enterprises to customize design their requirements and budget. It helps to easily identify problems and quickly fix them.

Large size data centres are constantly looking for tools that can match with high-performance infrastructure capabilities and can easily scale up performance as per requirement at the same time keep the costs low. The web-scale is one model which offers multiple ben-efits including resiliency, flexibility and on-demand infrastructure. Its open environment makes it ideal to standardize protocols, easily identify problems and design a unified and efficient stack that can communi-cate. It provides enterprise with options to tackle vendor lock-in problems and allows enterprises to customize design their requirements and budget. It helps to easily identify problems and quickly fix them.

Web Scale IT:An Advanced Technology Designed To Scale The Entire IT System

Source: Google.com

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It provides business agility as developers have the choice to easily develop and deploy applications as required, taking into consideration customer requirements.

It provisions for easy control of device monitoring and control activities as all the sensitive data are analyzed locally without the need to send it to the cloud.

Protects sensitive IoT data by analyzing data within the company walls leading to higher level of service and improved safety.

It provides business agility as developers have the choice to easily develop and deploy applications as required, taking into consideration customer requirements.

It provisions for easy control of device monitoring and control activities as all the sensitive data are analyzed locally without the need to send it to the cloud.

Protects sensitive IoT data by analyzing data within the company walls leading to higher level of service and improved safety.

Cloud Automation:A Smart Way To Ensure Quick Response To Rapidly Changing Business Environment

Source: Google.com

This platform with sophisticated sports intelligence applications are generating huge amount of individ-ual date covering players, audience and teams which is further used to provide valuable insights regarding audience preference, behavior and team performance.

The global sports analytics market is expected to generate revenue of $3.97 billion by 2022 with expected CAGR of 40.1% during the period 2016–2022. Fan insight and engagement is expect-ed to play a key role in the expected growth of this sector. The market is predominantly determined by the rise in fan base and the sports information com-panies providing high-end services for their fans to gain revenue using new and innovative analytics tools in their business to fulfill their fan demands.

There is a drastic change in the way sports is played and perceived when compared to yesterday years. The growth is largely influenced by the rise in live television broadcasting along with the increase in sponsorships and advertising revenue.

These factors have given big boost to sports analytics market making its use a necessity for all the major sports clubs and leagues that are constantly looking out for opportunities to create and channelize new revenue streams. The advent of wearable devices, video cameras and sensors along with big data and cloud technology have played a major role in the growth of sports analytics with many companies having their own cloud powered analytics platform.

There is a drastic change in the way sports is played and perceived when compared to yesterday years. The growth is largely influenced by the rise in live television broadcasting along with the increase in sponsorships and advertising revenue.

These factors have given big boost to sports analytics market making its use a necessity for all the major sports clubs and leagues that are constantly looking out for opportunities to create and channelize new revenue streams. The advent of wearable devices, video cameras and sensors along with big data and cloud technology have played a major role in the growth of sports analytics with many companies having their own cloud powered analytics platform.

Cloud Automation Acts as Business Process Differentiator:

Automation helps companies to rapidly innovate processes to be able to be on par with changes that come with updated software. Its enhanced scalability helps in matching with the existing cloud and other data center environments.

Automation helps enterprises to understand user requirement and allocate resources accordingly. It allows enterprises to imbibe policy framework into their IT ecosystem which helps to quickly and effectively respond to business change.

Automation helps companies to rapidly innovate processes to be able to be on par with changes that come with updated software. Its enhanced scalability helps in matching with the existing cloud and other data center environments.

Automation helps enterprises to understand user requirement and allocate resources accordingly. It allows enterprises to imbibe policy framework into their IT ecosystem which helps to quickly and effectively respond to business change.

Automation allows enterprises to streamline their IT processes and business functions making way for an intelligent and sound business ecosystem.

Automation provides enhanced tools that can easily interconnect with a number of devices installed on-premises or in a remote environment. This helps in creating an effective and resilient security system that is transparent as well as end user friendly.

Automation allows enterprises to streamline their IT processes and business functions making way for an intelligent and sound business ecosystem.

Automation provides enhanced tools that can easily interconnect with a number of devices installed on-premises or in a remote environment. This helps in creating an effective and resilient security system that is transparent as well as end user friendly.

Page 5: Table Of Contents - Infoholic Research · 2019-09-03 · automotive LiDAR system which can accelerate in realizing a secure and sophisticated autonomous driving system. Fog computing:

www.infoholicresearch.com

There is a drastic change in the way sports is played and perceived when compared to yesterday years. The growth is largely influenced by the rise in live television broadcast-ing along with the increase in sponsorships and advertis-ing revenue.

These factors have given big boost to sports analytics market making its use a necessity for all the major sports clubs and leagues that are constantly looking out for opportunities to create and channelize new revenue streams. The advent of wearable devices, video cameras and sensors along with big data and cloud technology have played a major role in the growth of sports analytics with many companies having their own cloud powered analytics platform. This platform with sophisticated sports intelligence applications are generating huge amount of individual date covering players, audience and teams which is further used to provide valuable insights regarding audience preference, behavior and team performance.

The global sports analytics market is expected to generate revenue of $3.97 billion by 2022 with expected CAGR of 40.1% during the period 2016–2022.

There is a drastic change in the way sports is played and perceived when compared to yesterday years. The growth is largely influenced by the rise in live television broadcast-ing along with the increase in sponsorships and advertis-ing revenue.

These factors have given big boost to sports analytics market making its use a necessity for all the major sports clubs and leagues that are constantly looking out for opportunities to create and channelize new revenue streams. The advent of wearable devices, video cameras and sensors along with big data and cloud technology have played a major role in the growth of sports analytics with many companies having their own cloud powered analytics platform. This platform with sophisticated sports intelligence applications are generating huge amount of individual date covering players, audience and teams which is further used to provide valuable insights regarding audience preference, behavior and team performance.

The global sports analytics market is expected to generate revenue of $3.97 billion by 2022 with expected CAGR of 40.1% during the period 2016–2022.

Fan insight and engagement is expected to play a key role in the expected growth of this sector. The market is predominantly determined by the rise in fan base and the sports information com-panies providing high-end services for their fans to gain revenue using new and innovative analyt-ics tools in their business to fulfill their fan demands.

Fan insight and engagement is expected to play a key role in the expected growth of this sector. The market is predominantly determined by the rise in fan base and the sports information com-panies providing high-end services for their fans to gain revenue using new and innovative analyt-ics tools in their business to fulfill their fan demands.

Sports Analytics:An Important Tool To Gain Competitive Advantage Sport Events Revenue Share By Region

Chart 02

Multiple Aspects Of Sports Analytics and Their Implementation:Role of AR & VR will play a big role in the sports arena ranging from providing vital data to coach-es and players during practice sessions to improving fan experience by providing them with experience being in the team’s outfit using virtual reality.

Role of AR & VR will play a big role in the sports arena ranging from providing vital data to coach-es and players during practice sessions to improving fan experience by providing them with experience being in the team’s outfit using virtual reality.

IoT & Big Data are extensively used to enhance overall team performance by taking support of multiple video angles by coaches and trainers to monitor player’s performance as well as their health and stamina levels.

IoT & Big Data are extensively used to enhance overall team performance by taking support of multiple video angles by coaches and trainers to monitor player’s performance as well as their health and stamina levels.

Source: Google.com

Europe 38%

North America 38%

Latin America 6% MEA 6%

Asia Pacific13%

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Analyst Speak

Expert ColumnThe Information Technology (IT) sector has been a key driver of the economic growth in India positioning it on the global map as an off-shoring destination for IT companies. Underlining excellent IT strength of the country, a number of top IT companies on the globe including Google, HCL and Microsoft are managed by Indian origin executives.

The IT sector spanning across Bangalore, Hyderabad, Chennai, Mumbai and Visakhapatnam have contributed approximately 8% to the GDP and generated export revenue of USD107.8 in 2015-16 . Having a representation from diverse socio-economic backgrounds, the sector employed 3.7 million people in 2015-16.

IT sector is helping India transform to the next level of development, reducing the need for cash transactions, thereby, bringing larger number of transactions on the digital platform. Use of digital payments increased by 55 per cent in volume in FY 2016-17.

The Information Technology (IT) sector has been a key driver of the economic growth in India positioning it on the global map as an off-shoring destination for IT companies. Underlining excellent IT strength of the country, a number of top IT companies on the globe including Google, HCL and Microsoft are managed by Indian origin executives.

The IT sector spanning across Bangalore, Hyderabad, Chennai, Mumbai and Visakhapatnam have contributed approximately 8% to the GDP and generated export revenue of USD107.8 in 2015-16 . Having a representation from diverse socio-economic backgrounds, the sector employed 3.7 million people in 2015-16.

IT sector is helping India transform to the next level of development, reducing the need for cash transactions, thereby, bringing larger number of transactions on the digital platform. Use of digital payments increased by 55 per cent in volume in FY 2016-17. Danish A. Hashim

The increase in integration of AR with mobile devices along with growing demand for innovative gaming devices are the key contributors leading to the growth of AR gaming market with a CAGR of 152.7% during the forecast period 2017–2023.

Among the regions, Americas will be the leading market for AR gaming market growth. APAC will witness good growth in the coming years mainly driven by growing gaming population and government initia-tives to development digital infrastructure. MEA is set to be the emerging region for AR gaming market growth. The rising in investments from governments and crowd funding for manufacturing, innovations in IoT technology and smart city projects will drive the MEA markets in the next five years.

The increase in integration of AR with mobile devices along with growing demand for innovative gaming devices are the key contributors leading to the growth of AR gaming market with a CAGR of 152.7% during the forecast period 2017–2023.

Among the regions, Americas will be the leading market for AR gaming market growth. APAC will witness good growth in the coming years mainly driven by growing gaming population and government initia-tives to development digital infrastructure. MEA is set to be the emerging region for AR gaming market growth. The rising in investments from governments and crowd funding for manufacturing, innovations in IoT technology and smart city projects will drive the MEA markets in the next five years.

Smartphones Market Revenue, 2017–2023 ($billion)Chart 03

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Smart wearable is providing data in real time using artificial intelligence, sensors and cameras that is used by players and coaches to analyze and make strategic decisions to develop core set of plays.

Smart wearable is providing data in real time using artificial intelligence, sensors and cameras that is used by players and coaches to analyze and make strategic decisions to develop core set of plays.

Stadiums are implementing innovative technologies to enhance and transform fan engagement experience like introducing in-Stadium Wi-Fi which will be available at almost all the major venues allowing audience to get connected with people in the stadium and watching from outside. Most of stadiums are also providing in-stadium cellular connectivity and have enhanced their internet connectivity to 4G LTE as majority of the in-stadium audience will be connected to mobile devices enabled with 4G or 5G internet.

Stadiums are implementing innovative technologies to enhance and transform fan engagement experience like introducing in-Stadium Wi-Fi which will be available at almost all the major venues allowing audience to get connected with people in the stadium and watching from outside. Most of stadiums are also providing in-stadium cellular connectivity and have enhanced their internet connectivity to 4G LTE as majority of the in-stadium audience will be connected to mobile devices enabled with 4G or 5G internet.

make strategic make strategic make strategic

Fog computing is poised to become the natural extension of cloud computing and is better in terms of security

given its real-time monitoring capabilities. As businesses rely heavily on real-time data, Fog computing reduc-

es complexity and provides better scalability, visibility across the organization thereby improving business

decisions.

Fog computing is poised to become the natural extension of cloud computing and is better in terms of security

given its real-time monitoring capabilities. As businesses rely heavily on real-time data, Fog computing reduc-

es complexity and provides better scalability, visibility across the organization thereby improving business

decisions.

” Priyanka Yadav, Research Analyst, ICT Team, Infoholic Research

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Since internet and smartphones are ubiquitous now, e-wallets like Paytm, and MobiKwik are also being used by a large percentage of the population for financial transactions, both personal and commercial. This has brought transparency and enabled entry of more people in the formal economy. Furthermore, online payment of Goods and Service tax, EPFO, ESIC, among others, have made the tax collection mechanism more efficient and transparent.

IT has enabled global integration and has become a key component of global business strategy. It has equipped businesses with communication and analytical power to trade and manage business at a global level with much ease. Broadly, IT has made it possible to store, study, retrieve, transmit, and manipulate data with limited manual intervention. Businesses can coordinate their worldwide network of suppliers, distributors and consumers through a global information system and operate business round the clock.

Since internet and smartphones are ubiquitous now, e-wallets like Paytm, and MobiKwik are also being used by a large percentage of the population for financial transactions, both personal and commercial. This has brought transparency and enabled entry of more people in the formal economy. Furthermore, online payment of Goods and Service tax, EPFO, ESIC, among others, have made the tax collection mechanism more efficient and transparent.

IT has enabled global integration and has become a key component of global business strategy. It has equipped businesses with communication and analytical power to trade and manage business at a global level with much ease. Broadly, IT has made it possible to store, study, retrieve, transmit, and manipulate data with limited manual intervention. Businesses can coordinate their worldwide network of suppliers, distributors and consumers through a global information system and operate business round the clock.

IT is aiding sharp improvements in various sectoral performance, making it a vital component to improve overall economic growth. For instance, manufacturing units leverage on ERP software to provide means of operational improvement for their company. The software allows for collection, storage and management of data for planning various business activities (inventory planning etc.). With regards to agriculture, IT, by way of price determination and awareness, databases can empower farmers to take informed and quality decisions. This will positively impact the way agriculture and allied activities are conducted.

IT has also transformed the governance system in the country. India has transitioned from a manual and cumber-some system to a strong IT-based governance moving towards the motto of Prime Minister, “Minimum Govern-ment, Maximum Governance”.

Provisions like digital platform (Single Window System) for filing applications and obtaining approvals to start a business, computerized selection of inspectors to inspect business premises and online filing of labour returns have eliminated physical interface with the government officials and eliminated corrupt practices like inspector raj etc. This has reduced costs (both time and money) of the business and made doing business simpler and easier.

IT is aiding sharp improvements in various sectoral performance, making it a vital component to improve overall economic growth. For instance, manufacturing units leverage on ERP software to provide means of operational improvement for their company. The software allows for collection, storage and management of data for planning various business activities (inventory planning etc.). With regards to agriculture, IT, by way of price determination and awareness, databases can empower farmers to take informed and quality decisions. This will positively impact the way agriculture and allied activities are conducted.

IT has also transformed the governance system in the country. India has transitioned from a manual and cumber-some system to a strong IT-based governance moving towards the motto of Prime Minister, “Minimum Govern-ment, Maximum Governance”.

Provisions like digital platform (Single Window System) for filing applications and obtaining approvals to start a business, computerized selection of inspectors to inspect business premises and online filing of labour returns have eliminated physical interface with the government officials and eliminated corrupt practices like inspector raj etc. This has reduced costs (both time and money) of the business and made doing business simpler and easier.

Linking Aadhaar number with PAN card, mobile phones and bank account, which is helping direct transfer of benefits like Education, Healthcare etc. to the beneficiaries has been possible due the expanding coverage of IT.

IT has the potential to make India become a super-power, however, this facility is limited to a small section of the society. The government is working towards fostering inclusive growth and IT can play a major role in helping India experience this growth.

Efforts towards creating wireless technology 5G, revamping the United Payment Interface (UPI) and launch of DTH channel DigiShala, to help people understand digital payments, are few, among other initiatives undertaken by the government in this direction.

Linking Aadhaar number with PAN card, mobile phones and bank account, which is helping direct transfer of benefits like Education, Healthcare etc. to the beneficiaries has been possible due the expanding coverage of IT.

IT has the potential to make India become a super-power, however, this facility is limited to a small section of the society. The government is working towards fostering inclusive growth and IT can play a major role in helping India experience this growth.

Efforts towards creating wireless technology 5G, revamping the United Payment Interface (UPI) and launch of DTH channel DigiShala, to help people understand digital payments, are few, among other initiatives undertaken by the government in this direction.

Varsha Kumari, CII(Views are personal)

Interested experts are invited to contribute for the 'Expert Column' section covering latest technologytrends that will gather mass interest.

Please send in your articles at [email protected]

Page 8: Table Of Contents - Infoholic Research · 2019-09-03 · automotive LiDAR system which can accelerate in realizing a secure and sophisticated autonomous driving system. Fog computing:

Since internet and smartphones are ubiquitous now, e-wallets like Paytm, and MobiKwik are also being used by a large percentage of the population for financial transactions, both personal and commercial. This has brought transparency and enabled entry of more people in the formal economy. Furthermore, online payment of Goods and Service tax, EPFO, ESIC, among others, have made the tax collection mechanism more efficient and transparent.

IT has enabled global integration and has become a key component of global business strategy. It has equipped businesses with communication and analytical power to trade and manage business at a global level with much ease. Broadly, IT has made it possible to store, study, retrieve, transmit, and manipulate data with limited manual intervention. Businesses can coordinate their worldwide network of suppliers, distributors and consumers through a global information system and operate business round the clock.

Since internet and smartphones are ubiquitous now, e-wallets like Paytm, and MobiKwik are also being used by a large percentage of the population for financial transactions, both personal and commercial. This has brought transparency and enabled entry of more people in the formal economy. Furthermore, online payment of Goods and Service tax, EPFO, ESIC, among others, have made the tax collection mechanism more efficient and transparent.

IT has enabled global integration and has become a key component of global business strategy. It has equipped businesses with communication and analytical power to trade and manage business at a global level with much ease. Broadly, IT has made it possible to store, study, retrieve, transmit, and manipulate data with limited manual intervention. Businesses can coordinate their worldwide network of suppliers, distributors and consumers through a global information system and operate business round the clock.

www.infoholicresearch.com

Quotes of the Month

You must be the change you want see in the world

- Mahatma Gandhi The best preparation for tomorrow is doing your best

today.- H. Jackson Brown

Success is walking from failure to failure with no

loss of enthusiasm. - Winston Churchill

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