Key Data Center Trends For 2021
Reports have shown that the major global trends have been influenced by growing demand for higher-performance networks, increased management efficiency, and the pandemic impact. Trends such as cloud migration, AI adoption, IoT Deployments, and the drive to singlemode and multimode fiber.
How cloud and AI combo is transforming the Indian BFSI industry
Cloud became the bedrock for businesses in 2020. While organizations – from governments to enterprises to startups – were already innovating and transforming using cloud, migrating to the cloud is now inevitable. The pandemic has taught us that no business is 100% resilient. However, those fortified by digital are more agile, more resilient, and more capable of transforming when faced with a crisis.As businesses shift priorities to enable remote work, leverage cloud innovation, and maximize their existing on-premises investments, 2021 seems like a big year for cloud.In the year ahead, every organization and every industry will increasingly need to ramp up tech intensity as speed, agility, and collaboration become more important than ever. Flexibility and future-proof strategies for seamless communication and workforce productivity are a must; and having an always-on cloud-driven data platform will be fundamental.We will also see a new generation of Software as a Service (SaaS) emerge as businesses increasingly use it for shorter turnaround time for products and services, automation of back-end tasks for effective resource allocation, and stronger customer engagement.
Online grocery sales grow by 65% in FY20, clock over Rs 6,000 crore
Online grocery sales by five of the largest e-grocers and brick-and-mortar retailers collectively grew by 65% to Rs 6,820 crore in FY20, while their combined losses widened to over Rs 1,175 crore. BigBasket, the country’s largest online food and grocery store, accounted for half of the sales. Grofers, DMart, Tata-owned StarQuik and Spencer’s Retail were the other retailers that submitted their filings. Industry executives said the jump in adoption of online purchases after the Covid-19 outbreak last year gave the biggest push for the fresh and grocery categories and most platforms are likely to report a doubling of sales in FY21 and narrower losses.While e-commerce got a natural boost with customers shifting to the platforms during the lockdown and thereafter, leading to investments to enhance capacities, the average order value has gone up too this fiscal, which should benefit them with healthier bottom line. It is estimated that the size of the e-grocery market will touch $24 billion by 2025, equivalent to 3% of the total grocery opportunity.
Twitter clone KOO endorsed by govt, trends
Made-in-India microblogging platform Koo, just 10 months old, had a moment in the sun on the very app it wants to replace — Twitter. #KooApp was trending on Twitter earlier today amid the latter’s ongoing tiff with the Ministry of Information and Electronics Technology. In response to Twitter’s blog post clarifying its stance on the government’s request to block certain accounts, MeitY tweeted that “… a blog post published prior to this engagement (talks between the government and Twitter) is unusual”. He followed it up with a tweet that urged users to listen to MeitY’s thoughts on the Koo app. Koo is essentially like Twitter for Indian languages such as Hindi, Kannada, Telugu and Bengali. It seeks to open up the internet for users who don’t speak English, the company said. According to Koo, the increase in interest has translated to three million downloads so far.Koo on the other hand has so far gone from strength to strength. In just 10 months, it clinched an exclusive partnership with Hindi TV channel Republic Bharat, owned by TV anchor Arnab Goswami. It also earned a mention in Prime Minister Narendra Modi’s Mann Ki Baat.
Here’s how Indian manufacturing is embracing digital
Be it supply chain, shop floor management or employee management, the manufacturing sector is keeping an opportunistic eye at digital to transform all processes. The transformation of the manufacturing technologies has replaced the work-force with a knowledge-based workforce. Technologies like IIoT, Cloud Capabilities, HRM Systems are gaining attraction in the Indian manufacturing sector. After initial experiments, IIoT is gaining acceptance in most of the process areas for various applications – integration, monitoring, vigilance, data capture, etc. To analyse the enormous amount of data coming from digital and make it beneficial for the business, companies are turning to cloud. One of the biggest advantages of the cloud technologies for the manufacturing industry could be managing and upgrading the ERPs.
Virtual and augmented retail: The next big thing in the world of fashion
Statistics show that 2/3rd of internet users would be very interested in virtual reality, and 63% said such technology would change the way people shop. Augmented reality and virtual reality are all set to transform our shopping experience in the next few years. As per Goldman Sachs, AR and VR in retail will reach a value of 1.6 billion by 2025.Manish Malhotra just opened his very first virtual store in India, and customers can now enjoy the beautifully layered 3D techniques – it’s a different kind of luxury to get practically close to feeling the bright coloured fabrics and different textures on your hand, all while lying on your couch with PJs on. Starting with Korea and Japan, it’s quite the norm to see screens filled with shopping stores offering various products, nearly replicating the experience of seeing and touching the products personally. Alibaba has already embraced the concept by introducing the idea recently for ‘Singles Day’ where shoppers could explore the virtual store, picking up and examining items in 3D before buying them.