SigmaWay Blog

A budget tablet is not completely useless. It can be put into various uses. 1) Car Navigation: Great way of viewing maps and directions. You can also check out Map: Directions & Local Search app by MapMyIndia. 2) Music player: At least 8 GB space can hold up to 100 songs and with live streaming unlimited songs. 3) Security camera: Tablet camera is as good as basic security camera in quality. 4) Book reader: You can turn your large screen tablet into an e-book reader. 5) Digital photo frame: Can be used as photo frame using a desk stand. 6) Personal Planner: Can be used as a digital planner for your day to day work. 7) WiFi router: If your tablet supports 4G, then the tablet can be used a s WiFi hotspot. Read more at: http://economictimes.indiatimes.com/wealth/spend/7-things-you-can-do-with-a-budget-tablet-for-optimal-usage/articleshow/59502473.cms

A reality check by ET Wealth for both GST supporters and its detractors. 1) Now it is one nation one tax: Goods like petroleum, diesel are still outside GST’s ambit 2) Small businesses will suffer: Shops can go for manual billing and only for filing internet connectivity is required  3) Prices will shoot up: It seems high because entire system is visible  4) Corporate may try to profiteer but government won’t: Some State govt also act greedy 5) No tax other that GST is a reality: It only considers local and state taxes not the other charges 6) Economic growth will rise: Recorded economic growth will rise not the real growth 7) Pay GST twice for card payments: No additional GST for credit card payments. Read more at: http://economictimes.indiatimes.com/wealth/spend/gst-myths-busted-a-reality-check/articleshow/59501148.cms

Skype Lite is a lighter, more data friendly version of the video calling app, and is available only in India. Skype Lite with Aadhaar integration can be downloaded by Android users from the Play Store. In the latest Skype Lite version, Microsoft has enabled support for Aadhaar integration. This can be used for verification of users and their identity online and is more secure. However, Skype will not store any Aadhaar information and details will be securely encrypted. Users of Skype Lite app can request for Aadhaar verification of contacts they chat with, over a video call. Users can also choose to share their Aadhaar information with the other contact in order to confirm their identity. Read more at: http://www.financialexpress.com/industry/technology/microsoft-aadhaar-card-linking-skype-lite-needs-to-be-integrated-now-heres-how-to-do-it/750625/

Though there has been a lot of excitement around Big Data and the potential it holds for making businesses efficient, the significant risks surrounding it in the longer run shouldn’t be overlooked. Some of the most critical issues relating to Big Data are determining what kind of information can be shared and with whom, verifying transmission of cyber information without the threat of leakage and accurately analyzing the available data through the right algorithms and models. The two serious limitations to analysis of huge data sets are overestimation of the predictive capabilities of analytics and misrepresentation and manipulation of data to produce favorable results. Over-dependence on data as a base for decision making can be a risky proposition, especially for consumer-driven business and research organisations. Read more at: http://www.financialexpress.com/industry/technology/big-data-paradox-how-a-business-can-become-a-target-for-cyber-criminals/751246/

After India enacted tougher laws to deal with sticky loans and the central bank stepped in accelerate the pace of recoveries, finance executives have stumbled upon a career-growth opportunity based, ironically, on insolvency. The Insolvency and Banking Board of India (IBBI), set up last autumn and tasked with providing the framework for recovery proceedings, conducts exams that allow chartered accountants, company secretaries, cost accountants, and advocates to qualify as Independent insolvency professionals (IPs). It is not the cushiest jobs. This role has challenges and is equally promising. Read more at: http://economictimes.indiatimes.com/markets/stocks/news/the-rising-league-of-insolvency-professionals/articleshow/59450739.cms

At Singularity University’s Exponential Finance Summit in New York last month, Peter Diamandis talked about technology, money and a demonetized world. We all have access to everything at the palm of our hands due to advanced technology, robots implying higher efficiency and lower cost. But technological unemployment follows. The counterbalance to technological unemployment, is the demonetization of living. The most common example of this phenomenon is the smartphone where a bunch of different things can be performed in a single device. Demonetization is one of the factors of technological disruption, where money is taken out of the equation for a given product or service, making it available to everyone. Communication, Entertainment, Energy, Transportation, Housing, Education, Healthcare are a few fields of example Diamandis gave in this context. Read more at https://singularityhub.com/2017/06/08/technology-will-erase-jobs-but-also-make-everything-cheap-or-free/

Customer Value Maximization is a good method used to attract customers to increase transactions and keep active customers of a business for a long duration. The primary factors which contribute to the total revenues that a customer will generate are time, purchase frequency and monetary value of purchases. Maximizing the value of the customer to the business implies maximizing time × purchase frequency × monetary value equation. The pillars of every value maximization strategy are:

1. Customer segmentation 

2. Tracking customers over time.

3. Accurate prediction of future customer behaviour.

4. It should be based on the use of advanced calculations to determine the Customer lifetime value (LTV).

5. Marketing action optimization.

Read more at http://www.optimove.com/blog/maximize-customer-value-smart-way

After the revolution of fin tech in India, the payment sector has seen that Indians are opting for online transactions and transfers. But it is important to keep in mind the security aspect of digital transactions. With increasing use of technology, the market of risk management is growing fast. AI is playing a huge role in financial risk management because of its ability to deal with lots of data with high accuracy.Read more at:https://www.entrepreneur.com/article/294816

Technical revolution is always an unbiased phenomenon but the human makes that positive or negative. After the mechanical revolution of the 19th century, AI is considered the next revolutionary phenomenon in human civilisation which will make a significant impact on technology and global socio-economic condition. AI’s decision making capability is still not highly advanced so AI can’t replace humans now. AI will kill some jobs and create some exciting jobs also. Technical innovation creates new opportunities and friends also. Read more at:https://www.entrepreneur.com/article/288956

The aerospace companies are now studying ways to make safer the current autopilot technology. In near future, the crew will be removed from the plane. According to Boeing Vice President Mike Sinnett, the most important tool for making autopilot safer is Artificial Intelligence. The autopilots should potentially reprogram themselves according to situations which are not possible without AI and Machine learning.Read more at:https://www.entrepreneur.com/article/295609

Retail stores has thousands of choices for fashion and the salesperson may influence you in your decision but with the help of AI and Machine learning your experience is going to more simpler and engaging.AI monitors the browsing patterns of any customer and give product recommendation according to that.AI powered chatbots can work more smarter and intuitively than humans. Machine learning in AI is improving product search capabilities on e-commerce sites.With the tremendous potential of AI, it can revolutionize the retail and e-commerce sector.Read more at: https://www.entrepreneur.com/article/296657

Chatbots are new in the industry and you can make a lot of money from it whether you are an entrepreneur or a company. Chatbots can understand and utilize user psychology to your advantage. Bots can give service in the B2B business. In platforms like Facebook, you can advertise your product or service through bots. You can also generate leads for your business. Read more at:https://www.entrepreneur.com/article/289973

Many marketers have started to think that how they can use Facebook's Bot platform in their business. There are many ways chatbots can be used for the advantage of the business. Chatbot can offer self-service options to your customers which will bring a positive view of your customer care team. You will able to build most effective marketing campaigns with the in-depth user data. You will also able to introduce new innovative promotional opportunities.Read more at: https://www.entrepreneur.com/article/290085

The Internet is changing style. Now physical stores are closing as fast as product review system on e-commerce sites are improving and growing. The shipping industry is growing steadily in the background because of all this. Tracking technology is gaining importance becasuse of AI. We now able to find out optimal route and load for any tour with the help of AI and there are various AI-powered robots working in the shipping industry, they are saving both money and time.Read more at:https://www.entrepreneur.com/article/292465

Artificial Intelligence startups are reaching a new record high with gaining good deals and investments from tech giants. There are four ways you can apply AI to your business. 1.Analysing various raw data you are able to find a cluster of similar minded people and get to know your next customer. 2.You will able to see how people genuinely using your product. 3.You will be able to get inside the user’s head using the user’s data pattern. 4.Making a digital assistant you will be able to provide affordable and always-on support.Read more at:https://www.entrepreneur.com/article/292286

Digitization is now controlling the world and given a significant threat to various jobs. Banking and Financial industry have been affected maximum in this regard. After demonetization, payment wallets got a boost and make banking process simpler and easier.A Recent study by Citigroup revealed that around 30% of bank jobs could be lost between 2015-2025 in  the whole world. ATMs are also threat to lose jobs. But in many cases , complete automation is not possible for now because human supervision is required. Read more at:https://www.entrepreneur.com/article/294142

Use of digital assistants or chatbots helps to provide more personalized customer experience. It also can benefit business’s internal and external matters significantly. Implementing AI in Chatbot can improve workflow and help in communication among team members. It can handle logistics and supply chain. It can also help in enhancing decision making and regular important processes across their organizations. Read more at: https://www.entrepreneur.com/article/295157

The World is now more digital and with a better computational strength that ties up all humans. Can teachers will be replaced by the AI. We have crossed the technology sights of getting things more easy by robots and machines. There are situations where students under the shelter of teachers getting emotionally attached can be further given such place to AI. Our new step will turn up everything in the omnipresent form of technology. AI for future generations on education will be unpredictable. AI on another hand will need to be taken as pros or cons for developing new techniques for students. The digital future is still questionable in many fields Read more at: https://datafloq.com/read/artificial-intelligence-replace-human-education/3273

AI collected tremendous investments with Indian start-ups this year and big tech companies are flowing money on it. Tech giants are searching for new opportunities in AI to improve or revolutionise their regular operations.  This year tech industry has seen a significant AI investments in start-ups and companies. Some of them are Niki.ai, Absentia Virtual Reality Private Limited, QorQL, Innefu Labs etc. Start-ups mainly use their funds to improve its AI platform for predictive analytics and biometric authentication. Read more at: https://www.entrepreneur.com/article/295272

Increasing technology brings up more data and allow big data to act and perform more efficiently. Self-driving cars with more advanced technology are generating more data, new advancement of the license used in cars for smartphones and tablets that gathering Wide scale data. It affects insurance industry, by the introduction of new technology self-driving cars largely affects them with automatic car drivers. The data are also magnetic from different fields like in places such where sensors are attached to track down illegal cars. The business marketers are also developed for knowing the consumer behaviour zones outside their stores by tracking the road system. The big players are working for big data on connected cars. Read more at: https://datafloq.com/read/connected-cars-big-datas-next-mining-ground/3007