Digital is fundamentally changing how companies do business. Enabled by data and technology, digital is a continuous form of disruption to business models, products, services and experiences. It has radically changed the way people consume content, communicate, and access products and services.
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GST, at a broad level, is expected to be beneficial to all stakeholders – corporate entities, consumers, government and overall economy.
What is GST?
The Goods and Services Tax (GST) is expected to be the most significant tax, or more so, business transformation reform in the fiscal history of India. It is likely to impact prices, business processes, investments and profitability in all segments of the economy.
Remember Captain Kirk talking about “Space, the final frontier”? — to explore strange new worlds and boldly go where no man has gone before. As we dawn upon new vistas of technological advancement, the power of the cyberspace seems limitless. Its sovereignty, however, is under constant threat. Different technologies are being introduced every day, often outpacing the ability to properly assess associated risks.
The technology landscape is changing rapidly and commoditization of technology is the new norm. The next-generation digital trends – Social, Mobility, Analytics and Cloud (SMAC) – have transformed the way businesses are run.
Right to Apprenticeship
Several government programs and Ministries of the Government of India have been focusing on improving the skilled manpower base in India. While the previous UPA government in India had set an ambitious target to create 500 Million skilled workforce by 2022 the current NDA government has taken a step forward by creating a separate ministry to ensure that this key priority gets due attention as desired.
The Internet of Things (IoT) overtook big data as the most hyped technology in 2014. Experts predict that IoT will be a potent and leading business technology-enabler of the next decade. According to an independent research firm, technology and services revenue from IoT is expected to expand from US$1.3 trillion in 2013 to US$3.04 trillion in 2020 with a compound annual growth rate of 13%.