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Digital technologies are used to transform an organization's internal operations and offer fresh chances for generating income and value explain Siddharth Mehta IL&FS .  It entails converting analog information already in existence into digital formats and a few operations that businesses may carry out more effectively by utilizing the most recent tools and technology. Netflix, a well-known and effective example of digitalization, began as a DVD rental business. Netflix was able to produce distinctive value in online movie streaming by utilizing the most recent technologies, utilizing data, and digitizing video. It is currently a market leader, with revenue of $31.6 billion in 2022. Digitalization encompasses much more than merely doing away with paper and using computers to record data, which is only a small portion of the overall process added Siddharth Mehta of LI&FS . Digitalization, taken as a whole, refers to a network of operations that employ technology to autom...

Digitalisation is reconfiguring the business landscape while altering the drivers of value creation and ways of reaching the customer. India has emerged as one of the fastest-growing economies in the world due to its rapid adaptation of new-age technologies. Supporting this growth is the pillar of e-commerce, which has also experienced elevated demand from the masses. As customers became more proactive on digital platforms, B2B e-commerce businesses had no choice but to undergo digital transformation to keep up with changing circumstances. However, in this fast-paced world, businesses have a shortage of time to coordinate with logistics partners, supply chain experts, or business vendors, which only augments order complexity and delivery time. Therefore, a concrete model is needed for transforming the order-fulfillment process. Supporting that, digitalisation turns out to be a complete solution for the new-age B2B clients, as they usually look for quick, efficient, and...

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“ DIGITAL ENTERPRISE MATURITY 3.0: Boosting Business Resilience through Technology” Report published in July 2022. KEY INSIGHTS ON DISTRIBUTION OF WORKFLOWS BETWEEN CLOUD AND TRADITIONAL DCs: 1. Indian enterprises keeping up pace with global peers on cloudification 2. Key levers intensifying Cloud Adoption in India 3. Cloudification offers a plethora of benefits and yields impactful outcomes     Read the detailed article here https://community.nasscom.in/communities/digital-transformation/digital-enterprise-transformation-india-paradigm-workflow                                  

The supported motivator plan will zero in on advancing Retail location (PoS) and web based business exchanges utilizing RuPay Check Cards and low-esteem BHIM-UPI exchanges (P2M) for the ongoing monetary year FY 2022-23. In a major lift to Digital India drive, the Middle has supported has endorsed a motivator conspire for advancement of RuPay Charge Cards and low-esteem BHIM-UPI exchanges (individual to-trader) for a time of one year from April 2022. The choice to support Rs 2,600 crore conspire was taken during a Bureau meeting led by Prime Minister Narendra Modi. The supported motivator plan will zero in on advancing Retail location (PoS) and web based business exchanges utilizing RuPay Check Cards and low-esteem BHIM-UPI exchanges (P2M) for the ongoing monetary year FY 2022-23. Finance Minister Nirmala Sitharaman, in her discourse on the Spending plan for FY2022-23, had reported Government's expectation to proceed with the monetary help for digital installments declared in the pa...

Siddharth Mehta, Religare’s former director talks about sustainable digitalization in India that makes a hefty leap in facilitating eco-friendly approach towards the environment. More than any other breakthrough in human history, digital technology has been at the forefront of completely overhauling every aspect of our existence. New-age technology has exploded throughout the first 20 years of this century, from cellphones and social media to digital banking and healthcare.  As Siddharth Mehta, Religare, former director highlighted the concern that however, digital technology has helped human in every aspect in this new era but how about the environment. Does the digitalization really help the environment sustain for our next generation? So, the answer is ‘Yes’, disruptive technology has transformed almost every industry by enabling instant communication, instant access to data from anywhere, increased productivity, and the availability of goods and services. It has also had a...

In spite of quieted development in the current financial (FY23), attributable to worldwide macroeconomic headwinds, India's digital promotion spends are supposed to reach $21 billion by FY28, as per another report by Redseer Methodology Experts. Throughout the following five years, digital, which is as of now the quickest developing dissemination channel for brand advertisers, would represent a staggering 65-70 percent of by and large promotion spends in the country. The sharp development in client produced content (UGC) is supposed to "enable individual makers and powerhouses" who will fabricate their digital character, which brands can, thusly, influence for digital promotions. "This solid environment of ~2.5 to 3 million makers is supposed to drive promoting spending of $2.8-$3.5 billion by 2028," the report expressed. With buyers spending almost seven hours day to day on their cell phones, digital stages are seeing high commitment rates, making it basic for ...