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Digital Transformation

Microfrontend Principles: Guiding the Domain Driven Design

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Domain Driven Design approach is best suited with the complexity of modern day applications. While microservices architecture ensures a domain driven backend, the Microfrontends extend the concept to frontend development. This means that now the applications can be vertically sliced where each slice will be responsible for a single domain. For an OTT platform like Netflix, the various domains can be – user profiling, content profiling, device management etc. Frontend development for each of this slices will be handled by the Micro frontend architecture (MFA). Therefore, it will be useful to take a look into the guiding principles of this architecture and understand what governs its numerous benefits. Micro frontend Principles Decentralized Architecture: This is in direct contradictio...

#FinTech Enablers in Covid-19 – Combating Payment Frauds with 5 Disruptive Technologies

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With a sudden surge in the digital payments in midst of the corona virus fear, the risk of cyber fraud has also amplified. Online payments and other digital methods like UPI, wallets, USSD, etc. are prone to a number of cyber-attacks and are attractive targets for cyber criminals, especially during the ongoing pandemic. According to a recent study, almost 50% Indian consumers are more concerned about digital payments fraud now than when COVID-19 first emerged! Further, 31% of Indian consumers have been recent victims of card or digital payments fraud or know someone among their immediate family or friends who has been impacted through such cyber frauds. Additionally, key digital payment fraudulent concerns of Indian consumers include – fake apps and websites-biggest concern (52%), co...

Covid-19: An Opportune Time for Fintech to Grow

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Did you know that Fintech is one of the fastest-growing sectors? Well yes, it is and as per data from NASSCOM, globally the industry is estimated to soon touch $45 billion with a growth rate of 7.1%. The COVID-19 worldwide crisis is affecting every industry differently, and FinTech is no exception. But, as the world shifts from “respond” to “recover” to “resurrect”, and economies shifts from crisis mode, new opportunities will be created for FinTech. It is an opportune time to think big, be agile and act boldly. The key question though is how FinTech industry will seize the new opportunities post the pandemic using their unique assets and skills. What we are facing are: We are headed towards a Global Recession. There’s an unprecedented rise in the unemployment: Highest since 2010. The Capi...

How First Cohort Members of GE Healthcare Edison[X] Are Adopting Proprietary Technologies to Tackle COVID19

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COVID19 is stress-testing healthcare systems across the world. However, there is immense hope for healthcare technology ventures and startups since their relevance has enhanced manifold during this pandemic. Solutions such as AI-guided telemedicine, AI-enabled detection for anomalies, thermal screening of patients to avoid contact, robotic fogging of infected wards and ICUs, 3D printed PPE… the list of innovation solutions emerging to address this crisis is endless. GE Healthcare has been an active player in the field of healthcare innovation. Several initiatives have been mooted by the healthcare major such as – Edison (an advanced intelligence platform used by GE Healthcare’s internal developers and strategic partners to develop new healthcare applications, services and AI al...

The Importance of the Right Digital Solutions for Accelerating Digital Transformation

Digital transformation is all about infusing efficiency into a system using top-notch digital solutions. The right solutions will help enterprises in achieving the outcomes of digital transformation like superior customer experiences and ROI. Digital transformation is about leveraging technologies to bring about changes in an organization or ecosystem across processes, departments, competencies, and functions. These changes are aimed at creating value for the stakeholders, especially the customers. It calls for innovation in developing and implementing solutions and enhancing the capabilities of the existing systems. Digital transformation brings in increased productivity, better quality, enhanced efficiency, reduced costs, streamlined and agile processes, faster delivery, and enhanced sec...

Emerging technologies transforming the financial sector.

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“Fin-tech is not just a term that describes technological integration with Finance. It is the fuel that is going to decide the race and the winners in the market in the coming times. To drive towards success financial companies need to implement some changes” We can feel the change in how India is adopting the digital platform to transform the businesses that operate today. There has been a disruptive shift in conventional cash flow and all other financial services as Fintech entered the Business Environment. People are now coming forward to accept the change and adopt the latest technology to simplify their financial transactions using various apps such as BHIM, UPI, etc. As predicted by the experts, the Fintech market is likely to expand to $31 Billion by 2020.  Collaboration between ban...

Smart Agriculture Methods and Strategy for Farmers

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With the human population exploding and setting new records each year,  the current generations are having to shoulder the responsibility of using available resources sparingly and wiring in cost-effective, sustainable farming practices to address the growing demands of the world. According to predictions by the UN Food and Agriculture Organization, we need to boost agriculture production by 70% worldwide over the coming decades to meet the population demand that would arise in 2050. Technology integrated Agriculture Precision agriculture and smart farming involves the integration of modern technologies (like the Internet of Things and Machine Learning) into agriculture practices. It upgrades traditional agricultural practices to accelerate processes, increase efficiency, production and qu...

How can businesses transform their Digital Marketing and PR strategy in the age of COVID-19?

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The Need for a Response The COVID-19 outbreak is a human tragedy, affecting the lives of millions of people globally. But it is also having a grave impact on the global economy. As estimated by Wikipedia, the Indian economic losses are expected to be over ₹32,000 crore (US$4.5 billion) every day during the first 21-days of the lockdown. It was also seen that under complete lockdown, less than 25% of India’s $2.8 trillion economy was functional. Up to 53% of businesses in the country were projected to have been highly affected. Given all this, communities, businesses, industries and almost everyone around the world have started to respond to COVID-19, even though it presents unique challenges to any business. Due to physical distancing, the businesses that earlier required the physica...

Why is Sustainable Energy Management Paramount in Today’s Day and Age?

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Before we start with anything else, let’s try to get our basics right. To begin with, sustainability is a broad discipline. It is a development that meets the needs of the present without compromising the ability of future generations to meet their needs. More often than not, the development is driven by one sole objective without considering other possibilities. All of us already can see the impact of the current approach, some of the large-scale financial crises are caused by irresponsible banking, and the changes in global climate is a result of our dependency on fossil fuel-based energy sources. If we keep on following unsustainable development, the more severe the consequences will become and to stop that we need to take action now and not postpone it. The bigger question here i...

#TechFightsCovid: Top 5 Digital Payment Methods – A Boon Amid Crisis

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The COVID-19 pandemic has indeed affected markets and industries across the globe sparing none. The payments industry is not spared either – but with a pinch of positivity – with digital payments seeing a huge uptick since the covid-19 outbreak. Cash exchange and exchange of physical banknotes and coins is a big threat to the spread of the covid-19 virus and has led to huge public concerns about viral transmission via cash. Even WHO spokesperson has reportedly recommended people to Avoid use of physical banknotes and coins and use digital payments where possible. As a result, the adoption of the digital payment solutions is increasing at a rapid pace. In India, per say, RBI has encouraged people to use digital payment services amidst the covid-19 outbreak. As a result, a recent report foun...