Today, life of the youth revolves around Social Media . Some industry masters guarantee that on the off chance, if you don’t take part in Facebook, YouTube, and Second Life, you are not part of the internet any longer. Web based life permit firms to take part in opportune and direct end-shopper contact at moderately minimal effort and more elevated levels of effectiveness than can be accomplished with increasingly conventional specialized instruments. This makes Social Media applicable for enormous global firms, yet in addition for little and medium estimated organizations, and even charitable and legislative offices.
In the event that most clients connect with web-based life, firms ought to draw in with online networking also. Previously, advertisers utilized email impacts, direct showcasing, selling, instructive sites, TV, radio, and different systems to scatter data identified with the firm or its items.
Information and Communication technologies (ICTs) comprise of tools and resources related to information technology, like computers, storage, networking and other physical devices, infrastructure used for communicating, creating, disseminating, storing, securing, managing and exchanging all forms of electronic data and information. ICT includes products that store process, transmit, convert, duplicate, receive electronic information by using electronic textbooks, instructional software, email, chat and distance learning programmes.
As per a recent article in the economic times, the Bank of Baroda will not levy any charges on digital transactions for the next three months. This is in the wake of Coronavirus pandemic where Bank of Baroda is looking to promote digital payments and encourage more customers to avail banking services digitally, without visiting branches.
As early as 1991, the concept behind blockchain technology was pronounced when research scientists Stuart Haber and W. Scott Stornetta presented an applied solution for time-stamping digital documents in order that they might not be backdated or tampered with.
In the current scenario, internet has become an inseparable part of most of the humans prevailing in the world. There has been noted a considerable increase in the number of people joining internet in the last decade.
In today’s world of modern communication technology, mobile phone is a device to enable to remain united with the world. With advancement, smartphones equipped with Google’s Android, Apple’s IOS mobile operating system etc. have brought in integrated services of computing, voice communication, mobile based apps (Facebook, TikTok, YouTube), online purchasing and web browsing etc. Smartphones thus have become technology oriented companion for all age groups.
Let’s dive into various pointers that signify the role of cryptocurrency post Covid era:
- During pandemic crisis of coronavirus government and banks observe a high risk factor in handling of cash because paper currency has a high potential to carry virus and bacteria as it involves change of hands between unknown people many times a day. Previous researches during 2015-16 in India have concluded that almost 60-90% of currency collected from various peoples including doctors contained virus, fungus, bacteria and other pathogens that can cause various diseases. Some of the major institutions like Deutsche Bank has stated that this pandemic could be the tipping point for digital currency adoption. To overcome the spreading of virus through currency notes, people/ institutions will start adopting digital payments systems like cryptocurrencies. This will also lead to new job opportunities being created in this domain.
It has recently been entrenched that the selection of SUPPLY CHAIN MANAGEMENT (SCM) frameworks can prompt better money related execution through an improvement in stock turnover and decrease of deals use. Extra favorable circumstances in the Supply Chain can likewise be acknowledged. However, then again, despite significant interests in SUPPLY CHAIN MANAGEMENT frameworks in the most recent decade those frameworks are frequently battling to accomplish an upper hand.
This alignment involves the assessment of implementing chosen business strategy through appropriate IT strategy and the articulation of the required I/S infrastructure and processes. In contrast to that strategy execution logic, this perspective is not constrained by the current organization design but instead seeks to identify the best possible IT competencies through appropriate positioning the IT market place as well as identifying the corresponding internal I/S architecture. The strategic management process also defines the changes in the I/S infrastructure that were necessary to execute this technology strategy.Continue reading “Business Strategy As The Driver: Perspective – technology transformation”