Weekly Rewind: Top 10 Stories On CXO Today (May 29-Jun3)
This was indeed an eventful week for technology decision makers in India and across the globe. With Goods and Service Tax (GST) coming into effect from July 1, CXOToday is running a month-long campaign on GST awareness for its readers. Starting this week, we are publishing articles by experts to understand the various challenges, opportunities and impact of GST on businesses.
A very interesting information is about a partnership by Amul and ISRO - for first time in the India and probably in the world where Space research Organization and dairy cooperatives are together using satellite technology for fodder acreage estimation.
Artificial intelligence, counted among the most happening technologies across the world today, is yet to receive the attention it should from the business segment in India, as we explore ‘why’. Likewise, another article explores how gobal organizations are struggling with their digital security strategy.
On a positive note, for ride-hailing company Uber, which is present in 450 cities across the world, India is a significant geography, believes the company’s senior executives.
Also, we featured My Choices Foundation, a nonprofit organization based in Hyderabad that is using big data analytics to help alleviate one of the world’s worst social problems - human trafficking.
Like every week, this week too, we also have for you interesting interviews, case studies, infographics, and expert columns on various emerging technology and market trends and challenges in the enterprise space.
Here are some of the top stories of the week on CXOToday you would not want to miss.
France was the first country to implement the GST. It said the reason for the new tax law was reducing tax evasion. After that, over 140 countries have gone through GST implementation, with about 80 still left to implement it. India will roll out its GST on 1 July 2017. Although it is still early days to assess the overall impact, India can learn a lot from the experiences of other countries with the GST and understand ramifications and implementation issues.
Global organizations are struggling with their digital security strategy. A new research reveals that more than one-third of all public web pages of UK’s FTSE 30 companies capturing personally identifiable information (PII) are in danger of violating the regulation by doing so insecurely. This serve as a wake-up call for organizations with EU General Data Protection Regulation (GDPR) coming into force on May 25, 2018 but even big budget companies in the UK are still at risk of missing the mark. It is also a lesson for organizations worldwide including India to take a much closer look at their digital security.
The latest news that has taken the country by storm, GST (Goods and Services Tax) is certainly a relief for the taxpayers, as they are now expected to pay a single combined tax instead of the superfluity of taxes like Central Excise, State Value-Added Tax (VAT), Service Tax, Octroi and many other subsidiary taxes. The GST bill is believed to fuel the economic integration of the Indian economy. Amalgamation and modernization of the process of indirect taxation will now be made easier and more efficient.
Finding missing children and understanding the complex web of human trafficking is no easy task. The relevant datasets are massive and often not standardized. My Choices Foundation, a nonprofit organization based in India, got a solution to their ever-increasing challenge. The Hyderabad based company uses big data analytics to help alleviate one of the world’s worst social problems - human trafficking.
With Goods and Service Tax (GST) coming into effect from July 1, experts believe, the move to GST involves complete overhaul of the indirect tax system, which would obviously mean huge impact on businesses, at least during the transition period. So far, about 3.8 million businesses have reportedly enrolled to GSTN portal - the IT backbone of GST. However, there are about 8 million tax-paying businesses in India with the central and state governments - and this shows the humongous challenge before corporate India to be GST-ready.
Artificial intelligence is being counted among the most happening technologies across the world today, but the highly specialized segment is yet to receive the attention it should from the business segment in India. One wonders, “Why?” There are several roadblocks such as cost, complexities, talent shortage and low level of awareness in general that dissuade enterprises from exploring this fascinating concept of AI that can change the world and the way we work and live.
After a major outburst of WannaCry ransomware attack, the organizations worldwide are evaluating their security architecture for loopholes. While there are several reasons why organizations fell victim to the WannaCry ransomware attack, the most critical reasons were underestimation of cybercrime syndicates and lack of awareness about regular patching of IT systems for latest vulnerability.
Diebold has been doing business in India for more than 25 years now, and has presence in over 4,000 cities and towns with over 225 service centers and ATM engineers spread across the country. Jaivinder Singh Gill, Managing Director - South Asia & Vice President Operations - Asia Pacific, Diebold Nixdorf, discusses the future of banking and PoS market and how it sees demonetization as a big business and growth opportunity.
For ride-hailing company Uber, which is present in 450 cities across the world, India is a significant geography. Vinay Ramani, Head of Global Growth, Uber, believes that the entire driver-rider equation is different in India and hence it’s a great opportunity to be in this market. Uber has 40 million active drivers today and is also looking to tap the aged gentry who are not tech savvy but want to avail Uber’s service; perhaps that is why it emphasizes so much on making tech simpler and has cash as payment mode at offing.
Considering the way technology is spell binding us with its miracles, it won’t be astonishing to see smart home becoming equally relevant and important to a consumers’ lives like their smart phones. With the increase in adoption of technology in the Indian economy, the living standards have enhanced which is further helping in navigating the growth of home automation landscape in the country.
Amul, Anand and ISRO, Ahmedabad teamed up for fodder acreage assessment using satellite observation and space technology. The main objective is identification and discrimination between food crops and fodder crops at village level. This is for first time in the India and probably in the world where Space research Organization and dairy cooperatives are together using satellite technology for fodder acreage estimation.
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