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Digital Transformation

Custom Healthcare Software Development

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Transforming the Healthcare sector using Custom Healthcare Software Solutions.   The Custom Healthcare Software Solutions help to leverage the power of modern technology to empower custom medical solutions. The custom healthcare software solutions deal with the requirement plan. It analyses the plan and plans the necessary steps for the same.  The plan is tested rigorously and then is implemented to custom solutions. The healthcare industry is fast driving and is signalized by untangled environments with gaining information in real-time. It does influences transparency, accounting, and financial reporting, also improving the efficiency of healthcare organizations or the protective operations or medical techniques of welfare.       Software development, Healthcare, and HIPAA.   Custom softw...

India Extends Tax Compliance Deadlines to Offset COVID-19 Impact

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The rapidly escalating novel Coronavirus has claimed over 15,000 victims and infected close to 400,000 people across 132 countries. India saw its first positive case in the first week of March, and in less than four weeks, this number has crossed 500. Vowing not to follow in the lines of the heavily infected countries, India has imposed a 21-day lockdown period starting March 25, 2020. While this is an excellent move and should hopefully flatten the curve for India, it does raise concerns among taxpayers who are expected to file their tax returns – March being the tax month. The lockdown will prove to be particularly tricky for tax practitioners, chartered accountants and company secretaries as organizations have started to work from home and these professionals have minimal access t...

GST authorities to accept GSTR-9 and 9C returns without late fees

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The Tax Bar Association approached the Rajasthan High Court [D.B. Civil Writ Petition No. 1805/2020] contending that the Forms GSTR-9 and 9C of various taxpayers, for Financial Year 2017-2018, could not be uploaded by the due date because of technical glitches on the Goods and Services Tax (GST) portal. The Tax Bar Association appraised the High Court regarding technical glitches in filing of Forms GSTR-9 and 9C with various data/screenshots and also the arbitrary fixation of last dates, through ‘tweet’ on Twitter, by the Central Board of Indirect Taxes and Customs (CBIC). The High Court after taking into consideration screenshots submitted by the Tax Bar Association regarding the unsuccessful attempts of the tax professionals, held as under: GST portal appears to be having technical bottl...

Defining the Digital Enterprise – Mar 2020

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Today’s business and technology environment is characterized by rapid and consistent disruption, and enterprises need to turbocharge their digital transformation to stay competitive. However, there are different lenses for them to imagine their end state digital enterprise. Most stakeholders across industries have different definitions of what constitutes a “Digital Enterprise”, leading to confusion about the term itself. NASSCOM and Avasant have collaboratively developed a report to help develop a holistic definition and also created a framework that can act as an aspirational guide for enterprises on their digital transformation journey.

How many Earths will we consume before the real one collapses?

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We are hurtling (literally!) towards posher, more instantaneous, always-on uber-urban living at the cost of our benign, and thus far supportive, environment. If, and chances of which are at least 50%, if not more, this urbanization goes unorganized (read about urbanization here), we run into our biggest challenge of severe ENVIRONMENTAL SUSTAINABILITY STRESS. Before the equation, it is pertinent to bring to notice that the ambitious UN Development Program’ (UNDP) Sustainable Development Goals (SDG) Agenda 2030 is not doing too well – as of FY 2019, every country of the 193 signatories has missed targets in at least 50% of the 17 SDGs, and one in four countries have missed all 17 SDG targets! Now let’s try to understand what that means… Sustainability (In)Equation (this is a scary one, of a...

The new global resource – DATA – will create many monetization opportunities by 2030

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A silver lining, through the dark environmental clouds and stress events, is our ever growing data economy. Data is exploding, is more easily available, and is amenable to a multitude of tools to analyse, assess, predict, prevent, and prescribe action, increasingly in real-time. This surge in data will give rise to a new DATA-LED ECONOMY. Data Equation 1 trillion connected “things”+ 6 billion data contributing consumers = 175 Zettabytes of data by 2030 = 2/3rd machine-to-machine + 1/3rd human created = 1/3rd real-time zero shelf-life data + 2/3rd storable = Competence moving away from asset supremacy to the ability to initiate quick, ‘good enough’ corrective action = Opportunities to sell equipment data for faster insights over competition + Edge analytics = Trillions of dollars in data mo...

Changing Market Trends of Finance Industry : Market Share of Fintech !

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The global Fintech market was valued at about $127.66 billion in 2018, and is expected to grow to $309.98 billion at an annual growth rate of 24.8% through 2022. Growth in the digital payments sector is driving the market for global Financial Technology (Fintech).     Not just this but to check out the fact that as of now we can see that E-Commerce is rapidly increasing across the globe, impacting the FinTech market positively, is finally estimated to grow with a superlative CAGR of 10% to 12% through to 2025. MARKET TRENDS OF FINTECH What industry experts has to say? Jack Ma, the market leader of Alibaba Group observed that 10 times more wallet subscriptions were made and 13 times more average number of transactions daily increased in 2017 as compared to 2015. In March 2019, Cognizant acq...

Highlights of the 39th GST Council Meeting

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The 39th GST Council meeting held on Saturday, March 14, 2020, at New Delhi and chaired by the Union Finance Minister Nirmala Sitharaman took decisions on several crucial issues under GST, including deferment of e-invoice and new returns. The due date of filing an annual return and reconciliation statement for Financial Year (‘FY’) 2018-2019 has been extended to June 30, 2020. The Council also recommended amendments in the CGST Rules 2017 and issuance of circulars to clarify specific issues. Given below are the highlights of the recommendations made by the GST Council for changes in the law, procedure, and GST rates: Changes related to law and procedure: 1. Interest on delayed payment of GST The proviso to Section 50(1) of the CGST Act 2017 concerning interest for delay in payment of GST, ...

Healthcare Analytics

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Many of the systems nowadays are trying to attempt and implement data in hazardous ways which could lead to loss of data integrity. To fight these issues We have the Healthcare IT Analytics model which improvises the framework to evaluate the industry adoption towards analytics. It creates a roadmap for the organization to make its own quality progress. This can also help us with the evaluation of vendor products. If used properly Healthcare Analytics Solutions help with the patient’s health care. We refer to data analytics which directs us to practice taking masses of aggregated data to draw the important insights of the information. Since it is data reliant. It can help derive insights on systemic wastes of resources and can track out individual performance.   Healthcare Analytics h...

Quantumisation in Fintech !

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The Finance technology has advanced over the few years with developments in various aspects like that in computer processing. There have been a lot of complex problems and challenges dealt by finance industry in bringing out some innovation and one of them is QUANTUM TECHNOLOGY. Quantum computing is a field where computers make use of a quantum-mechanical phenomenon that allows data to be represented as “Qubits”. Now let’s see what exactly is QUANTUM COMPUTING? As mentioned above it is a field which applies theories developed under quantum mechanics to solve problems. It uses Qubits which are not constrained to only binary values 0 and 1 but instead uses a combination of 0 and 1 simultaneously due to their flexible nature. The set of Qubits represents exponentially bigger and more values t...