Artificial Intelligence (AI) has the potential to completely redesign the way in which businesses operate across functions, including customer service, marketing, and finance. There are numerous AI development companies who can help you in developing modern AI-powered solutions for your business. But as it is the case with other emerging technologies, there are challenges, and AI isn’t an exception. According to a new survey carried out by MIT-Boston Consulting Group, 85% of executives believe AI will transform business, but only 20% of companies are using it in some way, and just 5% make extensive use of it. The adoption of AI is very low because of the obstacles which come in the way of adopting the technology. Let’s take a look at the top five of them.

1. Lack Of Organization & Ineffective Leadership: The hierarchy of a business can be quite complex. There are several heads of different departments who need to be on the same page in order to take mutual decisions for the betterment of the business. These heads have to drive their AI efforts together, at the same time and with the same effort level. Lack of proper organization and ineffective leadership of these heads lead to unclear, overlapping responsibilities, which ultimately hamper all your company’s investments in AI technology. There should be proper sync among all the departments in order to take decisions related to the adoption of AI.

2. Not Picking The Fundamental Problems To Solve: Mostly an analytics team or many diffused analytics teams and innovators of your company work on a myriad of smaller projects on the fringes of the core business. But they ignore working on the fundamental ground in order to achieve the automation efficiency needed by the core business. You must concentrate on harnessing the power of AI solutions in the areas of your business priorities. For example, sectors of your business that generate significant revenues where automation can improve profit margins or reduce the percentage of errors and faults.

3. Unexperienced & Untrained Professionals: In most of the companies, there is a shortage of AI brainpower and talent. In a survey carried out by PwC’s Digital IQ, only 20% of executives said their organizations had the skills necessary to succeed with AI. This lack of required experience and potential is one of the biggest challenges which comes in the way of using AI for enhancing the productivity of a business. Many organizations know their limits and no more than 20% think their own IT experts possess the expertise necessary to handle AI. The demand for machine learning skills is growing faster, but proper training isn’t easily available. In such a scenario, where AI talent is scarce but in very high demand, most of the companies are scouting innovation from third-party sources, such as incubators and accelerators, university labs, the open source community, and hackathons.

4. Inaccessible Data and Privacy Protection: In order to train machine learning algorithms you need massive and clean data sets, with minimal biases. Most of this data isn’t ready for consumption because it is in unstructured form. This data contains sensitive information and is stored in a different processing system. As a result, most of the companies tend to invest heavily in creating the effective infrastructure to collect and store the data they generate and to recruit talent capable of performing encryption of this information so that to make it usable and productive.

5. Trust & Believability Factor: It is very difficult to explain a deep learning algorithm in a simple way to a person who is not a programmer or engineer. With such a complexity those who may wish to bet on AI in order to harness new business opportunities may start disappearing. Most of the companies which are lagging behind in digital transformation, have to revolutionize their whole infrastructure in order to adopt AI in a meaningful way. The result of AI projects might come a little late as the data needs to be collected, consumed and digested before the experiment bears fruit. Most of the entrepreneurs lack the required degree of flexibility, resources, and bravery that is needed to invest in a large-scale machine learning project with no guarantee.

These are the five biggest challenges that you need to overcome if you want to start making effective use of the growing number of AI-powered tools that are available in the market. But these obstacles can’t stop AI to transform the way in which businesses function. In case you need to harness the benefits of AI technology in order to develop a solution to increase your productivity contact an experienced AI consulting company.

In our society today, computers are ubiquitous. They have been used to simplify our lives and make our work easier and more accurate. In order to be a part of this fast spreading technology the medical industry is on its way to do away with the pen and paper system and embrace computers to keep and track patient medical records, hence electronic health record.

When an individual goes to his or her doctor with a complaint the doctor will obtain information from the patient in an attempt to build a complete story of the origin and probable causes of the complaint. Information obtained from the patient will include the patients past and present medical history, laboratory results, previous medical conditions and medications prescribed, radiological images etc., all make up the patients medical records. This information when put in a digital format is known as the individual’s electronic health record.

The present administration has made it a priority to move ahead with centralizing and putting patients’ medical record in digital format. A huge chunk of the economic recovery stimulus package has been earmarked for this project. It is hoped that when all is said and done, electronic medical records, a better way to keep records than pen and paper will be the order of the day.

Just like any new approach to doing things, EHR (Electronic Health Records) has its advantages and disadvantages. The advantages of Electronic medical record keeping includes:-

Better documentation

Doctors are legendary for illegible hand writings leading to inaccurate data entry by a second or third party. With EHR this problem will mostly become a thing of the past.

Lower Cost

It is hoped that the use of EHR will reduce healthcare cost in the long run and promote evidence based care. As information is readily available, and easily and quickly referred to before proceeding with the best treatment option, resources will be saved as the patient’s sick period is reduced.

Better storage

Huge amounts of information can be stored in digital format taking up a minuscule amount of space thereby eliminating file storage problems that presently exists with the pen and paper system.

Easy retrieval of information

With information in a digital format it is fast and easy to retrieve information saving time and manpower. With patients medical records just a mouse click away, Individuals previously involved in locating and retrieving files will be redeployed to other positions.

Reduced malpractice insurance premiums

With the legible and accurate documentation an electronic health record system provides, insurance companies tend to reduce malpractice premium for institutions using EHR system. Also in cases of litigation the information trail is easy to follow and will make a difference in the outcome of a case if things were ambiguous.

Increased level of medical care

With the patients complete medical record a few clicks away, a physician has immediate access to the patient’s medical information allowing for a faster and better response to providing medical care.

Accurate record keeping

EHR makes it easy to keep accurate records of who has access to patient’s information, when it was accessed and by whom. And when alterations are made to a patients record you can find out who altered it and when.

We’ve all been there. You’re looking forward to an eventful, fun-filled weekend, yet Saturday morning greets you with a sinus infection. What to do now? Here are five great reasons to head to your local urgent care facility for quick and reliable attention to your illness or minor injury.

1. Quick Wait Times

Urgent care clinics pride themselves on offering some of the shortest wait times around. When you’re sick, you don’t want to have to wait around to get medical attention. At quick medical care centers, most doctors often see patients within 20 minutes. This means that your visit is shorter, giving you more time to spend the day how you wish.

2. Basic Preventative Medicine

Doctors at local centers can provide general health readings for cholesterol and blood pressure. They also offer flu shots and do basic health checkups. These physicians also do routine blood work and x-rays.

3. Prescription Medication

If you need a basic prescription, your local urgent care provider can write one for you. You may even find that it’s less of a hassle to get a quick prescription through the clinic than it is to go through a doctor at a private office. Clinic employees often fill prescriptions for antibiotics, antivirals, and medicine for short-term treatment. Need regular refills of medication? Some clinics can help refill longstanding prescriptions when a visit to your primary care physician isn’t possible.

4. Insurance Options

Urgent clinics often accept a variety of insurance plans. It’s important to keep in mind that the business often expects a co-pay up front immediately following the visit. Sometimes, the bill can be costly due to the location’s overhead. Still, the price out of pocket can be roughly the same if your insurance company offers you a low co-pay.

5. Supreme Convenience

Finally, it’s important to consider just how convenient urgent care centers are. Many cities have multiple locations, so there’s always an office near your home or work. When you unexpectedly wake up with a cold that won’t quit or accidentally injure yourself, there’s no better place to go.

If you are experiencing a major emergency, such as difficulty breathing, seizures, poisoning, or another serious ailment, the urgent medical care center should be bypassed in favor of emergency medical services. Although the quick clinic is the most convenient option, it is not equipped to deal with serious or life-threatening situations. Please head to the nearest hospital or ER in those situations.

The next time you need the cure for what ails you, visit the local clinic and experience convenient and reliable service. Save yourself the hassle and cost of the emergency room when you have a non-critical issue and make an appointment at the local urgent medical care center.

Driving commercial vehicles are of great significance. The drivers are required to be sensible while driving the vehicles. The Department of Transport (DOT) often comes up with special drives to find out of your driver is sensible towards safety measures to their personal life as well as public life. You need to take the initiative at the right point of time so that your drivers can prove their efficiency with the steering wheel. The DOT physical test is a similar drive that checks if the drivers are perfect to carry out their responsibilities as a driver. The test is conducted by registered doctors. The test is conducted strictly on the guidelines of the Federal Motor Carrier Safety Administration (FMCSA). It ensures if the CDL drivers and various other safety-sensitive employees are in perfect health condition mentally as well as physically.

The entire procedure of DOT Physicals is conducted in the mutual cooperation of the doctors, drivers, and other employees including the employers. However, the employees as well as drivers are required to play their part well. They need to produce the following documents:

• Spectacles in case they wear them

• List of medicines that they are taking at the time of DOT Physicals. They also need to mention their dose.

• Hearing aid if they need them while driving the vehicles

• Yearly checkup report that is prepared by a professional specialist needs to be produced at the time of test.

Things to Expect from the DOT Physical Tests:

The specialists administering the DOT Physical tests are very sensible towards maintaining the standards that are mandated by the FMCSA. As an employee or the employer you can expect the following:

• The doctor will examine and review the health history of the drivers/ employees.

• He will record various physical conditions that would include pulse rate, blood pressure, weight, and height of the employees attending the test.

• Checking the power of the eyes using the eye chart.

• Verifying other physical standards including flexibility of limbs, breathing abilities, and range of motion.

• He should conduct analysis of blood and urine for the addiction with Marijuana, Cocaine, Opiates, Phencyclidine, and Amphetamines.

Responsibilities of the doctors/ specialists who administer the DOT Physicals:

Usually, the doctors for the DOT Physicals are appointed by the FMCSA. The appointment is based on the qualifications and experience of the doctors. The specialists are required to carry out their responsibilities to the best of their abilities so that they can find the best drivers who are safe for themselves as well as for the people around them while they drive. Following are some of the responsibilities they need to carry out:

• Preparation of the reports to the best of their abilities.

• Preserving the records for future usage

• Providing the right advice to the drivers and others who undergo the test.

• While examining the drivers and others, they must remember and follow the guidelines of FMCSA.

The significance of DOT Physicals is severe and that is why everyone concerned with the same needs to play their part well so that everyone can get complete peace of mind. The success of this initiative can bring safety and security on the road for everyone.

In today’s world of massive digital transformations, it has almost become an imperative component for every user to understand and also to get adapted to the changing trends of the digital transformations.

The web service provider have been on their constant threshold to understand the emerging digital trends in the market and instantly adopt to these trends and finally being able to bring about the suitable web applications which enables the user’s to have a faster transactions in the digital market scenario

As an analogy, one needs to constantly empower himself and quickly understand the efficacies of the web services and its profound applications to become more successful in his particular endeavor. The e-commerce have always remained the masterpiece that has carved the niche in the cluttered market being innovated, designed and finally deployed in the market place to bring about its own dynamism in the market place.

The product companies get their edge through e-commerce platforms

• There has been a digital revolution in the market where the product companies get their own edge when displaying their product information over the e-commerce platform and are able to explore the sales funnel instantly.
• The online users on the contrary have always been quite inquisitive in understanding the various product lines and are able to able completely see-through the product details at the comfort of their homes.
• The e-commerce as a platform has been a benchmark which has enabled the product companies towards increased sales funnel.

The mobile revolution has had its proliferation in the market

• The mobile revolution has been the most innovative component of web services and the proliferation of the mobile revolution on par with the apps has been quite captivating in the past three years.
• It is needless to mention, that in the last few years there has been an upsurge in the market towards the usage of mobiles and other smart devices by the users in large.
• In fact, it would be needless to mention that the mobile revolution has really changed the facets with reference to using the mobile apps in the retail market scenario. The retailers in the mobile revolutionized phase are able to directly connect to the customers with the connected apps.

As an analogy, one needs to understand that the direct interaction with the consumer often reduces the distribution chain for the products to reach the end customers. The mobile apps for eCommerce has become the modus operandi for both the consumer and the product company, as year after year and in this particular transition more and more people prefer to shop using their mobile apps.

As a matter of fact, these mobile apps have been so designed to directly communicate with the end user to enable the users with finer details of the product and the subsequent discounts and special offers.

The product companies do engage in the custom web services for mobile apps

• In the current digital trend, umpteen product companies across the landscape have often engaged the web service providers for the range of custom web services often recurrently to stay ahead in the digital competitive world.
• The web service provider often take the advantage of certain third party solutions who are pioneers in the mobile apps and integrate them onto the custom web services to completely enhance the functionalities and further enables the companies to directly connect to the user in a most dynamic way.

Following are the ways the mobile apps have impacted both the product company and user

• The mobile apps constantly remains connected with the consumers
• Have been able to create purchase impact
• The apps have got an inherent capability to capture the consumer’s data
• In the recent years, the mobile apps have been used for faster, easier ways for payment transactions.

When it comes to customers, experience is everything. Customers don’t differentiate between small organizations or larger ones, nor differentiate between channels, once they enjoy the best level of satisfaction and best quality service then, they expect same kind of experience from a small firm as they do a larger one. While larger organizations with deep pockets can afford digital transformation initiatives but not all businesses enjoy such luxury.

For such organizations that are constantly looking for ways to turn business dream into a reality, FinTech is a beacon of hope that opens the door to new business possibilities and elevates customer experience with high end solutions that they could only dream of before.

They say technology is a great leveler and there can’t be a better example than FinTech because banking services what was once a domain of banking and financial institutions has seen much start-up players in this space competing with the large and established banking corporations. But this isn’t to say the traditional banking institutions are falling behind in the digital race, because they certainly in the race. But banks because of their legacy systems and regulatory frameworks are slow to change and can’t leverage emerging technologies as quickly as FinTech companies. Here are some of the ways technology brings revolution in the financial services industry:

Go where your customers are:

No one took this more seriously than FinTech companies because they knew the present day generation is online all the time, thanks to smartphones that have completely changed their expectations. Online, social and mobile technologies have created new opportunities for FinTech companies to engage with their audience and digitally handle interactions more effectively, with personalized services and relevant information delivered directly to devices. Traditional banks should pick up fast, when it comes to attracting customers because consumers are expecting a lot, and they want the same kind of experience they are getting from Amazon, Facebook etc.

Digital Wallets: Money exchange never got this easier

What is common among PayPal, Paytm, GooglePay and ApplePay allow you to send any amount to anyone with the click of a button without visiting bank, something not possible few years ago. Mobile payments or peer-to-peer apps have completely changed the way users handle money today. No wonder most smartphone users regularly use mobile payments apps because they are simple to use, offer convenience, flexibility and much needed security. What more, these P2P apps have brought anytime, anywhere banking services to its consumers and in a cost effective way.

Reaching unbanked and under banked

Don’t have time to go to the bank or tired of standing in long queues outside ATMs, then you have a good reason to use mobile money apps. But there are many people, especially those in rural areas; access to banks and ATMs is a remote possibility. For such mobile money apps offers tremendous opportunities to make cashless transactions and enjoy banking services from the comfort of mobile. FinTech is bridging the gap by helping unbanked and under-banked gain access to banking services.

Disrupting traditional lending

For several decades the traditional lending process was characterized by filling up loan applications forms, submitting a variety of documents, and there’s little chance of a swift response, and even after all this time there’s no likelihood that you will get a positive response. And even if everything goes right, you’re unlikely to receive the funds anytime sooner.

But all this is a thing of past, thanks to FinTech solutions borrowing money got easier and quicker. No more do you have to visit the bank, do a lot of paper, and wait for days to listen the good news. Borrow money in hours what used to take weeks or even months without all that stress and tension, all from the comfort of home. The digital technology is at the heart of peer-to-peer lending success and that has enabled FinTech players to keep costs to a minimum and offer products and services tailored to meet the needs of specific target groups. P2P lending is one such solution that promises to provide a lot of benefits for both for both borrowers and lenders.

Financial technology is a new kid in the financial industry block but it has already become changing face of the financial industry. But as with any technology FinTech is far from perfect and there are several factors like security that will determine its growth trajectory.

Today India is – Digital India, all thanks to our Prime Minister of India- Narendra Modi

This campaign has made the country digitally empowered in the area of technology. The regulated government of India has made his grounds over making the availability of government services electronically. The enhanced online infrastructure and by extending Internet connectivity has eased the work of citizen. In 25 years, there have been lots of advanced changes in India, it is leading the digital revolution. The level of poverty in India has been a drop from 22% in 2012 to 16% in 2019 even after the essential growth in population.

Introduction to the Digital Revolution of 2019

Digital Revolution is all regarding developing for better tomorrow. This change can have an influential impact in different ways on different societies, economies and above all humanity.

Not only that, but digitalization also modified the way information scattered across different sectors of the globe. Giving grounds for businesses to move forward beyond the national markets to other markets, thereby leading international markets, enhancing the interconnection of the world.

One of the signs of these shifting flows is the digital revolution in India that has been catching grip since smartphones and 4G streaming have grown commonplace within urban areas including many rural areas too. There are more than 200 million smartphone users and 550 million internet subscribers live in India in 2019. This trend is being advanced by important rural-to-urban movement as poor villagers explore opportunities in India’s advanced cities.

From 2014 the Indian government has taken active participation in bringing digitalization by various measures. Such an example is demonetization, it has gained global attention has been associated with short-term job losses and economic slowdown. However, it also shows compliance for government leadership to drive India’s digital transformation.

Looking into the factors of the digital revolution from 2014 India has grown to some other level of grounds, our government of India has taken various Digital Initiatives like e- payment, digital literacy and many more.

Digital initiatives of government

India has moved forward, in all sincerity, to growing an essential engine of the world economy, we are on the edge of a transformative opportunity for the country to gain global leadership. The country is experiencing a digital revolution that is triggering transformative developments in areas like e-payments, digital literacy, financial inclusion, geographic mapping, rural development, much more. So, let us discuss all the factors which have been updated from 2014 to 2019.

• GI Cloud Program

This program is also known Meghraj, this is initiated by the Ministry of Electronics and Information Technology. The program intends to make a multi-level, national cloud-sharing foundation giving affordable, secure and safe data storage for all. The cloud erases financial boundaries and generates growth by services and product. Giving affordable options to own the expensive hardware needed for data storage. It is a robust catalyst for new- businesses, start-ups and non-profit organizations.

This initiative is more for the poor and underprivileged. Aims to render digital service to more people who usually not be ready to enter the digital world. Reaching digital services can play a tremendous role in overcoming poverty.

• Market Changes

Government strategy is not the only driving constituent of the digital revolution in India. Changes in consumer refinements and function lie at the centre of the movement. India now makes up the biggest YouTube audience by country globally. Besides, Indians’ immense streaming habits win them another amount one ranking for monthly data usage, with smartphone users cooking through an average of 8.48 gigabytes per month.

Already many are expecting new market openings by India’s increasing streaming project. Global powerhouses Google, Facebook, Amazon and Netflix are all reportedly competing for a post in this emerging industry.

• Online labour

Now, this is something not everyone knows about it. This very graceful initiative of the Indian government. Online Labour Index (OLI) to state that India forms 24 % of the online labour market share (as of 2017), generating employment openings for software developers, data entry operators, online sales, and creative professionals.

• E-commerce

There are various job openings in the logistics sector because of the e-commerce industry is expanding with new services on the supplier view. There is an expectation that in 2020 the e-commerce market will increase from at yearly rate f 51 % from Rs 2,484.9 billion in 2017 to Rs 8,526.5 billion. Also, offers the potential for jobs inked to warehouse management, content developers, and marketing professionals.

• Investing sector

By Digital revolution, industries like stocks, mutual funds and other securities will develop more open to the crowds. It will not be a thought reserved for the urban states only.

Think today, even small villagers just by a few taps phone can invest in companies that are market. The digital revolution is for the mutual fund industry as well there are various choices for more active digital verification of KYC in mutual funds. Nowadays mutual funds are available online and one can easily apply their form or application realted to it. Get KYC done with 5-10 minutes.

• Aggregator model

Digital marketplaces have developed as a way to operate India’s large army of blue-collar workforce. The appearance of technology authorised aggregator business rules in sectors such as cab services, food delivery, hotel bookings and home service specialists has grown new jobs in India.

• Technology start-ups

The digital revolution has provided a great opportunity for digital market-places as many start-ups are there which are building employment options. The number of tech start-ups in India has grown by 12-15% during the 2014-19 period, extending the requirement of new job positions in the fields of Big Data, analytics and cloud computing.

Also, there has been an expansion in jobs in the area of cybersecurity, social media services, and mobile application development.

The government led by Prime Minister Modi has identified the great potential of startups in changing the economy and unleashing tech-driven conversion. Besides favourable policies, the government shall try to examine more ideas to increase participation of India’s startups in the digital conversion. Today there are about to 21,000 startups in India, out of which about 9,000 are technology startups. Several of these are unicorns, holding a cost of over a billion dollars.

• Make in India and Digital India programmes

The adoption of technologies like cloud platforms and applications has added significantly to our digital momentum. The Make in India and Digital India programmes have now chosen cloud and other digital disruptors to assist in developing a new and comprehensive nation. The cloud is an open fit for swiftly developing economies. India assists in removing obstacles to costly technology, building opportunities for new services. Also, products by supporting small businesses, start-ups and NPO.

Further, it allows collaboration and knowledge-sharing among academia the business world NGOs and the immense swathes of the Indian population that will benefit our farmers, rural entrepreneurs and artisans.

• Education sector

Education is always the first initiative and aims for government. There are multiple schemes in the education sector. Let’s discuss them one by one.

1. SWAYAM- Its full form is Study Webs of Active-Learning for Young Aspiring Minds. This scheme was outlined to reach the 3 main sources of Education Policy which access, equity and quality. This digital scheme not only brings education at the doorstep of many students but also tries to link the digital divide as students who cannot enter mainstream or formal education can reach this application. The scheme gives a chance for students to reach courses taught in classrooms from 9th standard to post-graduation, that can be given by anyone, anywhere at any time.
2. e-PATHSHALA- This digital scheme broadcasts all educational content by the website and mobile app. This scheme launched by the Ministry of Human Resource Development, Government of India and National Council of Educational Research and Training.
3. Mid-Day Meal Monitoring App/ Shaala Sidhi/ Shaala Darpan- 3 of them centres on the quality of school administration and assess the schools and Kendriya Vidyalas to enhance the status of education.
4. OLABS- The online labs promote research skills for school lab experiments give students the security of conducting experiments over the internet.
5. Fo higher education Government has the National Scholarship Portal, eGranthalya and National Knowledge Network.

These digital actions not only look at developing the sector of education but are reaching out in delivering education to the needy, thus using the digital revolution to bridge the gap among haves and have-nots of education.

• Digital literacy programme for rural adults

Around than 15 crore rural households are not having computers. A notable amount of these households are likely to be digitally uneducated.

The Pradhan Mantri Grameen Digital Saksharta Abhiyan (PMGDISHA) b will cover 6 crore households in rural areas to be digitally educated.

• Health services

The health sector is much needed for a safe and healthy future of society. Digital AIIMS a plan that intends to build an efficient interrelation among UIDAI and AIIMS. The ‘e-hospitals’ scheme i.e. an open-source health management system.

• Agriculture sector

When India is becoming digital what our farmers also get the benefit of it. Some of the schemes in the farming sector include:

1. mkisan
2. farmer portal
3. Kisan Suvidha app
4. Pusa Krishi
5. Soil Health Card app
6. eNAM
7. Crop Insurance Mobile APP
8. Agri Market app
9. Fertilizer Monitoring App

• Women safety

Looking to women’s safety, applications like ‘Nirbhaya app’ and ‘Himmat app’ have been started that helps to send of distress calls. Nirbhaya is a mobile phone app rendered by Uttar Pradesh Police in India that is created to improve the safety of women. Delhi Police in its initiative for women safety has started a mobile application named as HIMMAT (Courage).

• Introduction of GST( Goods and service tax)

Growth of GDP due to GST. It has helped in reducing tax rates, eliminate multiple point taxation, and develop revenues. Essentially, a uniform tax system has made India a common market and expand trade, business, and export.

• E-payments

Bharat Interface for Money-Unified Payment Interface (BHIM UPI), with over 600 million sales 2019 alone, is the fortitude combining all banks and consumers and is being front-ended by many national and international digital programs. Paytm, Google Pay, Amazon pay etc all are setting their levels in the world of digitalization.

• Ways of identification as a resident of India

Goverment of India newly gave a policy drive to secure that no Indian remains without a unique identity. Today, 99% of Indian adults have an Aadhaar identification number. The government further interlinked the status system with bank accounts and mobile numbers, appearing in the JAM (Jan Dhan-Aadhaar-mobile phone) trinity. JAM has shifted the fundamental digital design ushering in holistic economic inclusion.

Challenges for the future

Being the world’s fastest-growing economy, India’s main challenge is to guarantee the smooth distribution of that growth over income levels. Digital technology gives the highest potential for decreasing the gap between wealthy and poor customers.

But suggests, building comprehensive digital economies needs the combined action of governments, industry, financiers, and civil society. While the government seems to be moving up, how the private sector and global tech companies will present to equal Indian growth continues to be recognised.

What we see are the real changes that the digital revolution in India is holding on the economic growth of the country. If this remains, India should view a notable reduction in overall poverty rates accompanying economic development.

Conclusion

Since 2014, a slew of policy dimensions like Digital India, Skill India, Make in India, Startup India, and ‘Smart Cities’ have been revealed, while operating to eliminate bureaucratic red tape and secure the country more investor-friendly. India has jumped towards digital conversion. Its benefits in leveraging digital technologies for changing governance and the lives of every Indian.

“DIGITAL EQUALITY WILL ENSURE OVERALL EQUALITY”

Citibank’s strategic intent is to convert its traditional money management business into an e-business framework. How does Citibank transform its traditional assets into digital assets? What issues, if any, do you envision that Citibank must overcome in order for the implementation to be successful?

According to Porter two main ways for a company to compete are on cost advantage or on differentiation. Citibank chose not to compete on price, but instead chose to compete on differentiation.

Since many other companies have similar products and services, Citibank bases its differentiation on customer service. Traditionally, this involved “offering telephone hotlines, relationship managers who understood clients’ needs, product consultants who provided service expertise and most important, continuous investment in technology to support both the front-end and the back-end electronic banking systems”. In order for “successful” transformation of traditional assets into digital assets the company must maintain or enhance its differentiation. Since the company’s differentiation is based on customer service, that means that in the transformation from traditional to digital assets the company must continue to be highly responsive to the customers’ current and future needs, and must do so to a higher level than the competition.

One main way that Citibank achieved transition from traditional to digital was via alliances with such technological companies as Oracle, Commerce One Inc, SAP AG, Wisdom Technologies and Bolero.net. Earlier the company invested millions of dollars on its own in multiple areas of e-business, and failed. Technology is not Citibank’s area of expertise, and it found dealing with constantly changing technology to be an expensive struggle, which it ultimately lost. However, by 2000 Citibank had changed its strategy to one of garnering alliances and using its partners’ strengths to create the technological infrastructure that the company needed to access markets and meet its customers changing demands. Working through alliances reduced Citibank’s risks and costs, increased its effectiveness, and allowed it to remain flexible in meeting changing technological and customer demands.

Customer demands varies, both in the short term and long term. According to McCauley and Kahn, one of the most important obstacles for Citibank to overcome in migrating customers from traditional to digital service was meeting their deep seated concerns about security. While to some degree this hindered Citibank’s efforts in rolling out Web-based applications, Citi did actively implement “multi-layered security architecture… public and private access keys, single-use passwords and multiple authorization controls” in order to meet customer needs (2002, p. 9). In addition, with digital processing it looked to transform repeatable processes that could be “commoditized” into an efficient digital factory. Commoditizing repeatable processes improves efficiency, but also allows resources for additional regional focus — localization. So too, Citibank’s strong brand name is a resource that translates into increased trust as a “trusted provider” when competing with Deutche Bank and other competitors. In fact, most Fortune 500 companies assign value to Citibank’s specific offerings, and prefer it to other international payment providers. Citibank, then, offers multiple areas of value to customers.

The key question, however, is whether this value translates into a competitive advantage which translates into additional profits. Though Citibank met their customers’ needs in the area of information technology, how unique is what it offered? Cutting edge technological capabilities can soon become “hygiene factors”, which are considered to be required, rather than a competitive advantage. These then, do not qualify for differentiation or competitive advantage. While at one point Citibank may have offered cutting edge technological capabilities, the competitive advantages these afford can quickly be eroded. Customer service and transactional efficiency are important. However we need to ask what other areas of business require attention in order for Citibank’s ultimate success. If these are not met, the corporation will not meet its growth goals.

In an emergency room setting, everyone on staff needs to be able to communicate information about the patient and his or her status quickly and accurately. It is for this reason that workstations set up throughout the urgent care medical facility should all be outfitted with urgent PACS. With a digital suite of radiology equipment, including urgent CR, urgent DR and other urgent care digital x-ray peripherals, your emergency unit will be fully functional and up to the speeds needed to provide excellent patient care during extreme care situations.

Urgent digital x-ray systems will likely be some of the first equipment used with a patient that comes through an urgent care unit. CR and DR image capture systems take the time out of creating medical images, and this speed can help to save lives in the emergency room.

Once the medical digital image has been created in the DICOM medical image format, it can be sent to a workstation running. With a PACS system in place, the emergency room workstation becomes a communication center so that everyone involved with the patient’s care will have immediate access to the vital patient information as it is gathered by the emergency team. Digital images can be viewed on the workstation, and digital enhancements can be made on the screen in order to get a clearer image with the result of better patient care.

Digital medical images can then be sent and received over a local area network, wide area network or on a virtual private network online. This allows the urgent care team to transmit the patient data electronically, within seconds, to other physicians who will be providing additional medical care to the patient. The speed with which this can happen also helps to greatly improve patient care.

DICOM images can also be stored on the urgent care PACS. This means that after the patient is sent out of urgent care to a hospital recovery area, the digitized patient records, including the digital medical images, can be accessed by authorized medical personnel from the archive, leading to better patient care because all records for the patient are accessible from this one point of contact. It also helps the medical facility to stay within compliance of HIPPA regulations concerning patient privacy, and the medical facility will have appropriate disaster recovery digital data in place should an emergency strike.

By taking advantage of all the time-saving options that come from a digital radiology system, urgent care facilities can provide better patient care.

In the post-NBN era there would be very few, if any, parts of the Australian landmass outside the connectivity paradigm and therefore usher in complete digital transformation.

Some of the key benefits to accrue for the real estate sector, in the post-NBN era can be enumerated as given below:

Improvement in Consumer Connect: NBN will allow for consumers to remain connected with their real estate agents irrespective of where they are. Agencies can ensure that agents out in the field are still connected to the clients and vice versa. This creates a seamless consumer connect and improves consumer rapport.

Improvement in Information Dissemination: NBN will allow for high speed transmission of data (voice, audio & video) thereby allowing for better virtual tours and visual depiction of properties. Visual information has a much better impact on consumers and aids increased conversion rates.

Improvement in Transaction Closures: Real Estate transactions are now increasingly being closed online. The NBN-era will give further fuel to this trend as consumers no longer need to physically visit properties before giving their nod. As more and more transactions move online, there is an improving trend in transaction closures.

Improvement in Customer Confidence: The NBN-era will usher in a phase where all land records, property documents and ownership information is available and exchanged online. This eliminates the risk of fraudulent transactions and thereby helps improve consumer confidence.

Improvement in Industry Outlook: Overall, the NBN era will help the real estate industry as a whole by improving bottom-lines, increasing sales and decreasing the cost of sale. With digital impetus agencies can deploy online advertising that is more cost effective, achieves better returns on investments, and has a lower entry-barrier even for smaller real estate firms to enter and compete with the more established firms.

Looking much further ahead, the NBN will bring about a new phase of virtual reality and wearable technologies. While the immediate impact of these might not be huge in the real estate space, developers are already looking at some exciting possibilities in the not so distant future.

In the words of Jon Brouchoud, founder of Arch Virtual, specialists in creating 3D environments for virtual and augmented reality, “It is absolutely mind boggling to visit these spaces virtually. It gives you a sense of presence, and a deep understanding of what that space is really like in a way that photos or a website simply cannot convey. I think we’ll start to see a rapidly increasing number of agencies adopting this technology in the next 2 to 3 years, we’re already seeing a lot of early innovation today, and in 5 years, it will be commonplace.”