NASSCOM Insights
B2B eCommerce – No Leisure Shopping
The other side of the eCommerce coin Indian eCommerce story appears to be no less than a dream run, well positioned to contribute ~4% towards country’s GDP by 2022. Over the years, the eCommerce market has been overshadowed by B2C eCommerce in terms of popularity among masses. However, very little has been spoken about B2B eCommerce, which is far bigger than the B2C eCommerce and is a fast emerging space. Source: Strategic Review: IT-BPM Sector in India 2019: Decoding Digital Unlike B2C eCommerce, the market is led by categories such as consumer durables, mobile accessories, apparels, home furnishing, healthcare, automotive and construction and industrial supplies. The market is also characterised by difference between the purchases which in case of B2B eCommerce includes rational buying d...
Did you know……
By Jibu Elias A machine-learning algorithm created at Carnegie Mellon was able to predict heart attacks four hours in advance with 80% accuracy. Another platform developed by AIME had a 87% accuracy in predicting dengue fever outbreaks three months in advance. Now they hope to similarly target other diseases such as Ebola and Zika. (Deloitte report) By 2020, the top five cloud IaaS/PaaS providers will control 75% of the market,up from 50% in 2016. In fact by 2020, **over 80% of the G500 will be digital services suppliers through Industry Collaborative Cloud (ICC) platforms. (IDC) Intel and supercomputer manufacturer Cray are set to unveil the world’s fastest supercomputer called Aurora in 2021, which is being built from bottom up to run AI applications at unprecedented scales. Currently, t...
White House Immigration Announcement – Overview and initial implications
Overview – On Thursday, May 16th 2019, President Trump delivered a Rose Garden address at the White House on his vision to modernize America’s immigration system The immigration reform proposal was developed by Jared Kushner, President’s advisor President Trump’s speech reflects the framework that was developed by Kushner: it is light on specific details and the President said he was leaving it up to Congress to develop the specific legislative language Implications – There is no actual plan yet. The President mapped out a broad blueprint and called on Congress to fill in the details and write a specific piece of legislation The blueprint focuses largely on “reforming” America’s permanent immigration system and moving away from being predominantly a family-based system to a merit-based poi...
eCommerce effect – Shopping then and now!
eCommerce effect – Shopping then and now! Growth of eCommerce Online shopping is not new to the Indian context. It has gained exponential growth in the country due to benefits such as convenience of shopping from home, easy payments, delivery and returns, wide range of products available at competitive prices, and deals and discounts being offered by eCommerce players. According to NASSCOM, the overall Indian eCommerce market grew ~24% in 2018, with strong growth across all segments, to reach USD43 billion. It is expected to grow ~2.5 folds to reach USD106 billion by 2020. eCommerce growth by segment (2018E) * Others includes financial services, consumer services and digital content Source: Strategic Review: IT-BPM Sector in India 2019: Decoding Digital What has changed for consume...
Breakthrough technologies for 2019 – the Bill Gates list
by Sumeet Swarup In January, MIT Technology Review asked Bill Gates to pick breakthrough technologies for 2019 that he is watching. Here is what he picked: Robot dexterity – robots are teaching themselves to handle the physical world. Currently robots on assembly lines can repeatedly pick up, move, and place components in desired places – a fixed motion that can be pre-programmed. Sometime in the future, a robot hand will be able to mimic a human hand to perfection, but that’s still far away. Currently a robot hand in San Francisco has learnt how to manipulate an object on its own through virtual trial and error. The hand has learnt how to grasp, turn and flip a toy building block in its fingers. New wave nuclear power – new types of nuclear reactors make energy produced through fission (s...
Did you know………….
by Jibu Elias Apple is make a strategic move to become an online services player introducing an online video streaming service, a premium news app, a gaming service and a credit card. This brings them in direct competition with Facebook, Netflix, Youtube, Amazon Video and others By 2020, the average person in the advanced economies will have more conversations with chatbots than with their spouse. The forecast is that 5% of consumer-facing websites will feature audio interfaces such as voice-enabled social chatbots – Gartner As of 2018, India is the largest consumer of data globally, surpassing China, USA and Japan. Indian mobile user consumes over 2,360 Petabytes of data through mobile phones every year – E&Y report The encryption of financial systems around the world will be at...
Colours in the age of technology
by Sumeet Swarup Imagine having a bright red fridge sitting in your kitchen, or a bright orange television in your living room. There is a strong reason why most of our everyday gadgets around the house tend to have neutral colours such as black, white, silver and grey. Fridge, microwave, television, mobile, laptop, Alexa and Google Home – they are all telling us one thing – “don’t look at me, instead look at the wonderful things I can do for you”. The same philosophy takes place for the digital products also – think websites and mobile applications. The colours are there to help the digital product achieve its goals – be attractive, lower bounce rate, increase engagement, repeat visits, sales, conversions, stickiness of brand, etc. Although there are no absolute truths about the usa...
Did you know…………..
by Jibu Elias 5G Mobile phones have been tested on the 5G network in South Korea, and are reported to have speeds of 2.7 Gbps. In comparison, 4G has a laboratory max speed of 300 Mbps, real world speeds of 60 Mbps, and in India it can be down to 10 Mbps (note: 1 Gbps = 1000 Mbps) Scientists have reversed time in a quantum computer, by sending 3 qubits back to their state a second ago, with a 50% success rate. However, real life applications are still far away, since that will involve sending an infinite number of particles backwards with 100% success rate. Gene editing technology CRISPR can be used to make superbugs that can overpower the disease causing bugs, ultimately killing them both, and leaving the host body free of fatal diseases In 2018, 80 million cars were sold worldwide out of...
A Connected Woman
by Sumeet Swarup In my home in Delhi, I live with four generations of women who are all technology users in their own way. My grandmother, who is 100 years old, uses her classic push button mobile phone, along with her favorite three channels on TV. My 70 year old mother uses her Android smart phone, communicates on whatsapp and drives her car with ease, but is not comfortable with the voice enabled Firestick. My wife, who is a designer, easily navigates the applications on her Mac and orders diapers on the phone. My 1 year old daughter (Alia) has already figured out that there is a connection between the remote and the TV that plays her favorite cartoon. Watching the 4 of them is such an interesting study of human adaptability and instinct. Technology is changing rapidly and the pace of c...
Challenges of the University incubated technology startups in India
By Dr. Sunil Sherlekar and Sumeet Swarup We look upon deep technology startups coming out of Stanford or MIT and wonder why India can’t emulate that. It is true that India produces some very good and original academic research. In addition, in some of the top technical universities in India, professors and students are allowed to take ownership of their technology or patent and setup a startup after giving a single digit (typically 7% or 8%) equity to the university. In exchange, the university allows the startup to be incubated on its premises, access labs and other resources, help with patent filings, amongst other benefits. It’s a phenomenal administrative step ahead for the otherwise conservative and theory inclined technical institutions of India. Given the above two factors, one woul...
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