TECHNOLOGY ADVANCEMENTS: A NEXT STEP TO BUSINESS WORLD

IT Services Companies
Today’s world is more about ‘Virtual reality’ rather than the trust or more physical amendments. Gone are the days, when people used to wait in a long queue just to buy a small train ticket or order some food item, this was probably the most time consuming for both the business as well as for the customer. Due to technological developments, there are certain tasks that have become much easier than before. This technology advancements are called as “Augmented reality” which means the real happenings can be stored, retrieved and displayed in a digital form. There are many instances, where the technology has outperformed human workforce, which has reduced the time, cost & most importantly, it has helped the business to achieve an efficiency to a greater extent.

Some of the greatest examples of the technological advancements were far more advance which helped the business to change the outlook

1. Camera

One of the greatest innovations of all time was the Camera, which was visualized by ancient Chinese people, but was formed by French Innovator Joseph Niepce. After this innovation, there are many companies who made a huge fortune based on this. We should not forget about the success of Nikon, Canon & Fuji films, that has completely changed the world of “Augmented Reality”.

2. Telephone:

The whole world is thankful to ‘Alexander Grahmbell’ and a little famous ‘Antonio Meucci’ for the invention of one of the flawless communication network in the world. Today around 70% of business decision takes place through telephones or mobile phones. If telephone never came into existence, then we would have never experienced the power of virtual communication.

3. Electricity:

Without electricity nothing is possible, at least not in sectors like IT, Automation, Construction, etc. It is a blood of modern business wherein everything works on electricity such as Fans, Air-conditioners, Computers, Office Equipments, etc. Electricity in modern times is somewhat defined as Saviour of ‘Human Life’.

4. Computer:

When we talk about computers, two names ‘Microsoft’ and ‘Apple’ pops up into your mind, but unfortunately the real answer is somewhat different as it was first founded by ‘Charles Babbage’ who actually made aware what the real automation is. With the advanced, adoptive & increasing demand, the Computer qualification is considered as well defined expert.

This above basic invention has impacted the business world and led the technologists to modify these sectors by the growing needs of the consumer, with adopting new technological measures in the business, which is mostly required for the cost optimization & giving the new dimension to their business:

Retail

The landscape of the retail industry has undergone a change with the rapid expansion of industries entering into a phase of globalization. To stay with the competition, many companies have opted out of a new phase of technological advancement. Majority of the retail industries, business houses are now managing the E-commerce websites wherein they can view the product, prices, product suggestion queries, etc. It has only helped the business process efficiently, and moreover, it has increased the overall sales revenue altogether. It has changed the face of industry with the success of Retail E-commerce websites like Flipkart, Amazon, Ebay, etc. that has given a new direction to retail business altogether.

Healthcare

India has a very deep history in medicine & certain natural treatments like Ayurveda & Homeopathy which is practiced only in India, but due to growing demand of Indian doctors all over the world the medical industries has to cope with the westernized method. There are several healthcare centers & hospitals like TATA Memorial, AIIMS, Apollo, Kokila Hospital, etc. that have adopted some of the advance technology in the world which has increased & boosted the demand of healthcare system in India.

BFSI

The technology has changed the outlook of BFSI sector, most particularly the sectors like Banking & Insurance. Going with the recent technology upgradation in the banking sector, they have adopted the certain technologies like the automated cash collection, MICR Code on cheques, Centralized Banking software like Infosys Finacle, Oracle Flexicube, etc. These technological upgradation has changed the traditional business into modern banking, While coming to Insurance sector, almost all the Insurance companies have upgraded their term plans into online Insurance & now focusing more into online activities rather than traditional sales management. The Indian insurance companies like HDFC life, Max Life, Bajaj Allianz, ICICI Lombard, etc have increased their online revenue share by more than 30% in last 5 years.

NBFC companies like Edelweiss, Motilal Oswal, Zerodha, Sharekhan, etc have witnessed an increase in the overall investments through online share trading. Hence, to match the industry standards and competition, there is a rise in App development, Webinars, Connectivity methods, etc. which needs a technology upgradation that defines the future generation.

Automobiles

Some of the German & Japanese automobile industry have upgraded one of the latest engineering tools in automobile industry to stay ahead in the competition. A well-known companies like Volkswagen, Porsche, BMW, Mercedes, Honda, Suzuki, etc. have created a separate innovation cell in which, every year they introduce some of the greatest technological innovations. Recently, GPS & Automatic cars are into fashion which needs a high regards of technological re-assessment facilities. This needs an advanced set of technological development, while in the recent years, some of the major technological companies have suppressed the customer expectations due to advanced technological innovations done by this company.

Construction

If you look at some of the greatest construction like tallest building of the world: Burj Khalifa, Imperial Tower, Shanghai Tower etc., you will be glad to know that these buildings were completed in a time frame of just 3- 4 years. Many of the professional experts were of a view that these constructions couldn’t be completed in a time span of 10 to 15 years. From this modest structure, we come to know the importance of technology, even majority of the new architects usually work on their computers, rather than designing a structure through their visualizations. This highlights the growing importance of technology in construction and technological advancement in this sector that makes more flawless global recursion in this upcoming year.

Education

Tech world has defined the next generation of education. If today you ask to any students to make a PPT or Excel, they will present you with some of the jaw dropping & thrilling presentation skills. Today’s education has shifted from traditional ways to the advanced technological conceptualization, you will be able to see smart–phones, tablets & phablets in the hands of students where you can make out the technology has become an important part of student’s life & education system. In terms of technology, Indian education is still lagging behind these international education system today but the times have now been changed, due to the growing amount of exposure towards the latest technology of Indian students.

About Krazy Mantra

Krazy Mantra IT Pvt. Ltd is a rapid growing IT development company based in India providing a broad range of services such as Outsourcing, Digital Marketing, Public Relations, Software & Hardware solutions under one basket catering to MSME, NGO, Education sector, Semi-Government & Big Corporates.