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It is rather interesting that a question like - whether we need technology or not - popped up in our heads. What’s even more interesting was looking for reasons to embrace technology for our business. Had someone asked this question many years ago, we might have struggled with listing out the reasons. But now, in the era where we live, we are tremendously ahead of the old problems our ancestors struggled with. Why we find all these questions intriguingly interesting is because, in...
Internet of things is a broad-based term which encompasses all the entities, devices which can be made to connect with the digital device for digitization. Things are valiant species, everyday commodities, which can be linked up with the computing device and make them work as digital equipment. One may be familiar with the term ‘smart cities’ and ‘smart house’: these are a couple of many manifestations of the internet of things. Internet of things is the...
In 2018, 7 out of the top 10 companies with the highest global market value are new economic companies, including Apple, Google, Facebook, Tencent and Ali, which isn’t possible a decade ago. In China, the “New Economy King” of various industries are selected and announced by 36Kr – the authoritative platform with high value information and services provided by VC.CN (formerly known as CTQuan).  During 27th-28th November, 36Kr hosted the WISE 2018 new business...
Today, people are linked together more than ever. Digital communication, however, has superseded face-to-face interactions through technologies such as email, social media, and messaging apps. In some ways, this is a boon because geographic distance is no longer a barrier to meaningful interaction. Cybercommunication has traditionally had limitations, though, when compared to in-person social and business interactions. Live-Action Video Games' Influence With the introduction of multiplayer...
Technology across the board, be it the wheel or the light bulb, has had one universal benefit to business: the increase of productivity. This is why economists track Total Factor Productivity (abbreviated TFP is the portion of output not explained by the amount of inputs used in production. As such, its level is determined by how efficiently and intensely the inputs are utilized in production) to get a better understanding of what technology enables. We do, however, often make the mistake of...
Information technology stands out as the soul of every business no matter its size. Having information technology in business guarantees the stay of the business in the modern competitive market.Being a necessary tool for every business, it is wise to have a well-trained and competent IT team to always ensure the business runs smoothly. Information technology will make complex daily operations easy and comfortable. Looking at the role of technology in modern business, it is clear that...
  Government has to have technologies to keep up with the modern world. The biggest hindrance to the technology is the ability and intelligence of the user. From word processing to facial recognition, the software well known. The hardware, from cameras to robots, is just as known to everyone. The government uses it all, for any number of uses. Agencies have to figure out what is best for their use and make sure their people are trained. How the government agencies use these bits of...
  Have you ever ponder or think about building a Software Application (App) or Website for your new startup business? Maybe your problem is that you are not a website developer or have no coding experience or completely lack knowledge in coding? You’re not alone. Most of the Apps and websites you visit today are owned by people who are not website developers like you. For example, AirBnB’s founders were never programmers; but today they own a billion dollar technology...
Studying abroad is not a recent trend by any means especially in India. Students are inclined to study in foreign universities to experience a plethora of opportunities. The clichéd viewpoint that studying abroad makes individual worldlier rings true even today. The current generation is looking beyond the traditional destinations of studying in nations like USA and UK, to find new studying avenues. The scope of studying in a new country broadens individual perspective, exposes them to...
It is true that Blockchain has proved to be a game-changing technology. Various banks and industries are looking at blockchain as a technology of the future. Adopting blockchain is not as easy as it seems to be. In this blog, I have mentioned a few problems you may come across while using Blockchain.   Problems Industries may face while working with Blockchain   High Setup Expenses   Expenses on updating blockchain frameworks are high which is a barrier to its broad level...
I was arguing with one of my friends on the premise that robots will in years to come pick every single job that humanity has ever identified with. I believe that in 20 or more years to come, nothing would be left of human jobs as many, if not all jobs would be lost due to automation. Technological advancement is a living threat to human jobs. This very good friend of mine is a taxi driver and he was afraid he could be the next possible victim whose job could be taken because of automation....
Like all other industries, the hospitality industry has also adopted and incorporated the use of the latest technological inventions due to which it has constantly been undergoing rapid changes. Hotels and other hospitality service providers are embracing the innovations to improve their functionality and the overall experience that the customers take away with them. For industries, nowadays, it is extremely important that they leap forth to accept the innovations and advancements otherwise...
Until two decades ago, planning a trip was a strenuous activity that involved scouting for a reliable travel agent to arrange trips and book accommodation. With the advent of the internet, things began to change. Travel websites like Expedia and Orbitz have enabled vacationers to book everything online with minimal hassle.       Now, artificial intelligence (AI) is all set to revamp the travel experience of millions of travelers several innovations. AI-powered systems can...
When I think about how to make my business run more efficiently I think about the old saying, “Work smarter not harder.” All too often we tend to get into daily routine in the workplace that we don’t stop to think about things that we could do that could save us time. If you saved yourself just ten minutes a day, five business days a week, that would be a little over three hours every month. In a world that moves so fast three hours is the precious time that you could spend...
Blockchain technology has been making headlines for its huge potential to revolutionize the digital world. From banking and government to enterprises and even education, blockchain has sparked interest for the way it can redefine and transform processes across all industry sectors as we know it.  Experts are also weighing in and sharing their insights on the future of cryptocurrency for businesses. Blockchain-based solutions are significantly gaining traction, but can the emerging...
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