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Impact of Herd Mentality on Investment Decisions

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Capital markets of an economy are a significant and indispensible source of investment and financing activities for corporate and other investors. Most of the financial assets are traded in these markets and they serve as the backbone of economic development. Such markets if engulfed in cognitive biases and psychological errors will result in misvaluations, excessive volatility and panic trading, thereby resulting in not just loss of capital from global sources, but also increased cost of capital for seekers of funds within the economy. It is therefore, imperative to understand these biases and the corrective actions necessary to reduce their effect. One of the major behavioural patterns observed among investors is herding. Impact of Herd Mentality on Investment Decisions Standard financia...

Digital Transformation with 5G

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By Vikram Puranik, Vice President, Engineering, GlobalLogic Enterprises are embarking on their turnkey digital transformation programs that enhances customer experience, brings in massive operational efficiency and creates new revenue streams. These transformation programs are inspired from a tectonic shift in technology, that started with SMAC (Social, Mobility, Analytics and Cloud) to new age DARQ (distributed ledger technology (DLT), artificial intelligence (AI), extended reality (XR) and quantum computing). Today, with the power of next generation wireless technology for digital cellular network or 5G, will bring 10x speed with 50x low latency, massive IoT for Machine-to-Machine (M2M) connectivity and network edge compute to facilitate hyper localization. Wireless networks have evolved...

E-mobility in India – Technology for Sustainable Future Transport

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In 1897, a resident of Calcutta brought the first motorized car to India, reportedly a (French) DeDion. What has changed since then? Nothing much, except the numbers. Around 300 million vehicles are running in every nook and corner of India now. However, the basic design of automobiles remains the same as that of the 1900s – energized by oil, powered by combustion, driven mechanically by a person, and intended for a broad purpose. This was true until recently, a technocrat with no background in automotive crafted one of the most sought-after cars in the world – Tesla. From there, you can see a paradigm shift in the way manufacturers think about automobiles. At a time when the E-Mobility revolution started by Tesla is evolving worldwide, E-Mobility has the power to ensure the sustaina...

How AI and ML is Set to Transform Healthcare and Agriculture in India

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When the whole world seems to come to a standstill because of the COVID-19 pandemic, the two sectors that have become extremely critical are agriculture and healthcare. Agriculture is the backbone of any economy, and it has become all the more important during this crisis to keep the global food supply chain running smoothly to ensure that there is no food crisis. On the other hand, the healthcare sector is the most stressed out sector right now that is working hard to ensure the health and safety of the population. While technology has played a critical role in ensuring business continuity across various sectors, let us take a look at how the latest technologies like AI and ML are set to transform these two critical industries. AI in Agriculture The food crisis has plagued the world for l...

RegTech – Changing the regulation landscape

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What is the most significant challenge the financial services industry faces today? It is complying with ever-changing regulations. Non-compliance leads to cancellation of license, significant penalties, legal issues, and sanctions. Utilizing technology to meet the regulatory requirements like automating tasks, reducing operational risks, and reporting obligations is the need of the hour. The financial industry is increasingly looking at technology-driven transformation in regulatory affairs, popularly known as RegTech, to deal with the new directives and regulations. The global market size of Regulatory Technology (RegTech) was $1.37Bn in 2018 and is likely to reach $6.42Bn by the end of 2025, with a CAGR of 24.7% in 2019-2025* In the banking sector, there are multiple domains like Loans ...

How Corona Has Impacted Blockchain Payments?

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Cryptocurrencies such as bitcoin are slowly making a transition from speculative investment instruments to payments. Special attention to payment habits and the financial life cycle as the COVID-19 pandemic leads to more calls for dematerialization of payments. Overview Impacts Geographic location matters significantly when measuring awareness of cryptocurrencies and interest in making cryptocurrency payments for goods and services. For customers, any transition from currency speculators to retail shoppers is not straightforward. And most consumers are not currency speculators. The acceptance cost for businesses will be significant, especially compared to alternative existing payment options. Companies accepting cryptocurrencies as payment for goods and services may benefit from short...

#India #Digital Payments 2020 – Launching the First Adoption Index – Time is Now!

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India’s Digital Payments journey, which began in the early 2000s, has been nothing short of spectacular! Going from 3% of all cash and non-cash payments in 2005 to an estimated 58% by 2025, the phenomenal growth shown by digital payment modes* is extremely significant. *Digital Payments include cards, mobile-based, QR based, wallet-based, and all other electronic modes of payments. At the same time, smartphone penetration in India has risen from 2% in 2005 to 26% in 2015, 32% in 2020 and is expected to get to 36% by 2022. This is one critical trend that has boosted digital payments in India, leading to a 143% rise in UPI YoY, and similar growth in the emerging QR-based payments, AePS payments, and other payment apps. UPI is further projected to grow at a near 100% CAGR over the next few ye...

How can Decentralized Finance(DeFi) power the new financial revolution?

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Decentralized Finance(DeFi), also known as Open Finance, is a response to the frailty and failures in traditional finance. Powered by distributed ledger technology, DeFi has kickstarted the paradigm shift towards the democratization of financial services. Despite its success, financial services have remained opaque, inaccessible to many and are replete of inefficiencies. Third-parties or intermediaries have increased the cost of financial services so much so that efforts towards ensuring financial inclusion are proving futile. DeFi is a brave attempt to turn traditional finance on its head by ushering in transparency, efficiency and accessibility. Financial services built on top of public blockchains and driven by smart contracts form the essence of decentralized finance. DeFi holds the pr...

Voice of Manufacturing: Unlock with Self Reliance – Edition 3

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The third edition of the Voice of Manufacturing eConclave, led by NASSCOM CoE IndDIC was held on 14th July, exploring how digital interconnectedness is the way ahead for manufacturing. NASSCOM Centre of Excellence IoT & AI engaging with large automotive manufacturing enterprise Volvo-Eicher to discover-design-scale digital solutions & transform industry value-chain digitally. Against the backdrop of deploying the Innovation model for digital adoption, NASSCOM CoE & Volvo-Eicher constructively & interactively discussed the way ahead to solve challenges in manufacturing, with Aditya K Shrivastava, SVP, Manufacturing Operations, Volvo Eicher & Vivek Saha, Director & Head Digital Transformation & other panellists showcasing key digital solutions. The eConclave, whic...

Why COVID-19 Could Fire the Demand for Digital Twins

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The past few months have been rather unusual for everyone. Like you, my movements too have been restricted by the rapid spread of the COVID-19 pandemic. Sitting at home locked down, trying to orchestrate a business that spans different time zones, functions, and complexities has been hard to say the least. And doing all of this in complete isolation often only having email or phone to manage has been frustrating. The collective brain of the team needing to think alike, understanding what was said and unsaid, making interpretations and marching to the same beat requires new skills, new ways of aggregating, and dis-aggregating, information, and more efficient ways to disseminate responsibilities and governing them. The biggest impediments to this are the numerous hand offs and manual interve...