Digitisation News

TIF labs is one of the startups which is working towards Digitlisation and IOT solutions. It was founded in 2016 as an e-commerce platform Robocraze, India's store for Robotics & Electronics components. TIF labs’ flagship product ‘IOTIF’ is an IOT Trainer kit installed in 600+ Engineering colleges and Training Institutes Pan-India.

Auto-populating data can be done only through 'digitisation' and the management of TMB should think of greater use of digitisation, she said. Tamilnad Mercantile Bank's 74 per cent of business was through "priority" sector lending and through this banks were able to expand into rural areas. Centre introduced the Emergency Credit Guarantee Liquidity Scheme towards enabling MSMEs to do business.

Carmakers like Maruti Suzuki, Hyundai, Honda, Kia, Toyota, Tata Motors, Mahindra & Mahindra and Mercedes-Benz have taken to digitalisation with renewed vigour as lockdowns and curfews become the new normal amid the raging coronavirus pandemic. The country's leading carmaker has partnered with leading online platforms like Google and Facebook bringing global digital expertise to dealer teams. Launched in January last year, 'Click to Buy' is designed to facilitate end-to-end retail of Hyundai cars online.

In the wake of a worldwide pandemic, admittance to these online administrations has ended up being a gift for every one of their customers. Easy Digital village in one such step to increase their sales, plans on to come forth with a technology that mutually benefits both the companies to grow together.

Rajasthan CM Vasundhara Raje is at the forefront in pushing her government's digital agenda and has been taking special interest by personally monitoring the archive digitisation work.

More digital interface would help create a transaction history for the small retailers and enable them to get loans from banks.

Though the overall Indian IT employment outlook is fairly positive, the focus is shifting from scale to skill and upskilling employees is the new plan of action for employers.

The jump in digitisation witnessed in India is not an outcome of demonetisation but because of Reliance Jio's onslaught on data prices, Paytm founder and CEO Vijay Shekhar Sharma said.

According to the global financial services major, the trend line in India's annual GDP growth has been accelerating to 6.9 percent in 2000s, from 5.8 per cent in the 1990s, and this momentum is likely to continue in the next decade as well.

India`s growing economy and digital push have caught the attention of hackers and an increasing wave of cyber attacks could soon badly impact the country, experts from Russian cyber security firm Kaspersky Lab have warned.

Reserve Bank governor Urjit Patel on Thursday said the soon-to-be implemented goods and services tax (GST) will not only create a national market but will also broaden the tax base which in turn will lower the overall taxes in the long-term.

Around 68 percent of the 51 million Small and Medium Businesses (SMBs) in the country are offline, said Shalini Girish, Director, Marketing Solutions, Google, on Tuesday.

Pitching for rapid movement towards digitisation of the economy, Union minister Arjun Ram Meghwal on Sunday said the government's digital initiative is crucial to curb the black market.

The Indian Railways will be launching digital contract, a system of digitisation of its entire supply chain across all zones.

The report indicates that in 14-29 years age group in rural India, only 18 percent were able to operate a computer.

Authorities have detected 18 lakh cases after demonetisation where the income profiles of people do not match their account profile, the Lok Sabha was informed on Friday.

Union Finance Minister Arun Jaitley on Sunday said the purpose of demonetisation is served as it had led to "larger and cleaner GDP".

Over one-third of organisations globally that experienced a cyber attack in 2016 registered a revenue loss of more than 20 percent, a new report has revealed.

Growing at CAGR of 33.5 percent, digital advertising in India is all set to surpass the Rs 255 billion mark in 2020, a CII-KPMG report said.

 Digitisation is the new buzzword for Corporate India as 84 percent employees in the country said their employer has a digital strategy -- one of the highest in the world.