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Category Archives: Digitization

Digitization

Emerging Artificial intelligence (AI) related Startups and ideas – Overview of Simple AI to Advanced AI

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Artificial intelligence (AI) has transitioned from a futuristic fantasy to an integral part of mainstream business. According to a recent survey, global revenues from the AI market are expected to reach $3,636 billion globally by 2033 growing at a compounded annual growth rate (CAGR) of 37.3%.  Thus, the forecasted growth presents a lucrative opportunity across industries. For startups and entrepreneurs, this is the right time to capitalize on this momentum by developing innovative AI-based business Read more [...]
Digitization

Top UPI Applications and Total Addressable Market in UPI Transactions – Growing UPI Market and Digital India

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After demonetization, the Indian government is pushing for digital and Unified Payments Interface (UPI) payments to achieve the much-needed digitization in financial transactions and accountability.  The transaction through UPI generates payment track and it helps tax authorities to track transactions for all monitoring purposes including taxation.  This is much needed to reduce the influence of cash in the economic system which helps economic planners to take the right decision. UPI is a mobile Read more [...]
Digitization, Uncategorized

What is Two-pillar Solution to Tax Challenges Arising from Globalisation – Impacts of Digitization in the Global Economy

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On 8 Oct, a group of 136 nations covering 90 % of the world economy agreed to the OECD-G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) after months of negotiations. The framework provides a two-pillar solution to address the tax challenges arising from the digitization  and globalisation of the global economy and prevents a race by countries looking to slash tax rates to attract investment. Digitization and globalisation have had a significant effect on economies and people's Read more [...]
Digitization

Digital Transformation Option for SMEs in a Post-pandemic – Tips for Survival

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The Covid-19 pandemic in 2020 has had major impact on businesses especially on Small and Medium Enterprises (SMEs).  The new situation has forced even large profit-making corporations to re-evaluate their business processes to match up with the changing business environment.  It is a fact that digital transformation is one such option absorbed by companies invariably, of late. The period of lockdown has witnessed accelerated adaption of digital transformation in order to maintain business continuity Read more [...]
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