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You are viewing the posts by Muqbil Ahmar

Types of blockchain and cryptocurrency like bitcoin or ethereum

Types of blockchain and cryptocurrency like bitcoin or ethereum

Blockchains have been considered by the World Economic Forum (WEF) as a Technology Pioneer; financial experts have termed it “the next best thing after the Internet”. Industry leaders say the impact of this new accounting technology could be as significant as introduction of double entry 500 years ago. Besides being faster and agile than the existing systems, blockchains ensure transparency in accounting processes as each transaction gets captured in real time. Governments look at it as a platform for eGovernance. This is the technology behind cryptocurrency such as bitcoin and ethereum. It is essentially a decentralized and distributed ledger that…
Automation: Cloud Computing strikes Automobile Industry

Automation: Cloud Computing strikes Automobile Industry

Cloud computing is one of the most disruptive forces facing the industry. According to the Bain & Company research report “The Changing Faces of the Cloud,” globally, the cloud IT market revenue is projected to increase to $390 billion in 2020 from $180 billion, translating into a compound annual growth rate (CAGR) of around 17%. The scale of change is mind-boggling and is affecting all industries. In fact, the Volkswagen Group, the world’s second largest car manufacturer, is planning to use open-source cloud-computing platforms in order to build a private cloud to host websites for its brands Audi, VW, and…
Deskera partners with Nasscom on 10,000 Start-ups Program

Deskera partners with Nasscom on 10,000 Start-ups Program

In an effort to push the startup environment in India, Deskera has partnered with the National Association of Software and Services Companies (NASSCOM) to support their 10,000 Start-ups initiative. Global cloud-based business solutions provider Deskera’s software will be included in the complimentary ‘Start-up kit’ provided to participants of the program. “The start-up phase of a business is an exciting time, and anything that helps a new company save costs goes a long way. I applaud NASSCOM on their 10,000 Start-ups project and for creating a vibrant environment that provides every young entrepreneur with an opportunity to pursue their ideas in…
Digital Transformation disrupting business models

Digital Transformation disrupting business models

Enterprises wanting to go in for digital transformation are often confused as to what technology they should use, as this space is changing rapidly. To be able to compete in this era, enterprises need to be agile and flexible. Digital transformation is changing the world in unimaginable ways. Digital disruptors like Uber, Ola and Airbnb, who are born-in-the-cloud, are transforming business models. Enterprises going in for digital transformation are confused what technology to use as tech is changing fast. To compete, enterprises need to be agile and flexible and cloud computing can provide them the momentum to shift from legacy…
5 reasons why Cloud is gaining popularity among Indian enterprises and businesses

5 reasons why Cloud is gaining popularity among Indian enterprises and businesses

As the Internet’s accessibility grows in the nation, India is witnessing a major change in the IT sector. You may find that even your milkman owns a smartphone. The use of applications and devices has seen a dramatic hike in the past decade. Hence, IT companies are looking for distinctive models to run their businesses, in order to cope up with this fast pace of technological development. All businesses, big and small, want to use a model which is not only cost effective but also agile. Thus, cloud computing looks like an appealing option. A research conducted by TechSci states…
Why has Goods and Services Tax (GST) Network created GST APIs?

Why has Goods and Services Tax (GST) Network created GST APIs?

India has 50 million SMEs and 3,100 startups. The GST Network (GSTN) will throw up 5 billion invoices a month; plus, the 15 million retailers that have to undergo digitalization of sales. The scale is mind-boggling. Therefore, the Goods and Services Tax (GST) requires a new approach in which government tax systems as well as the companies are in continuous dialogue. There is no one-time filing. The proposed changes are although tax driven but they will affect the entire business cycle and is driven by GST APIs. GST is India’s biggest indirect tax reform and brings in radical tax reform…
Digital Healthcare Solutions: Consultation for doctors, patients by smart phone tech

Digital Healthcare Solutions: Consultation for doctors, patients by smart phone tech

Healthcare is witnessing a digital revolution. This is prompted by transformational digital technology. Every day lives are saved and quality-of-life enhanced for patients through innovative use of technology and smart phones. For example, an Aurangabad-based patient underwent surgery at a hospital in Pune. After surgery, she used to visit the hospital regularly for post-operative check-up sessions. She needed to travel and shift from one facility to another for treatment. Also, doctors had to be kept informed of day-to-day health developments. However, now, she is able to receive consultation from doctors from the comfort of her home through digital healthcare solutions.…
The role of the Application Service Providers (ASPs) in the GST regime

The role of the Application Service Providers (ASPs) in the GST regime

The Goods and Services Tax (GST) requires a whole new approach in which government tax systems as well as the companies are in continuous dialogue. So there is no end to the process or a one-time filing. In all this, the Application Service Provider or the ASP will play a crucial role. The proposed changes are although tax driven but they will affect the entire business cycle. The GST is India’s biggest indirect tax reform and brings in radical tax reform affecting Indian businesses of all sizes. Compliance gaps or lack of readiness could result in business failures. It is…
Decoding the concept of GST Suvidha Provider (GSP)

Decoding the concept of GST Suvidha Provider (GSP)

The Goods and Services Tax (GST), India’s biggest indirect tax reform brings in radical tax reform that affects all, particularly Indian businesses of all sizes. Big corporates will be as much affected by the GST rollout as small and medium enterprises (SMEs) or startups—backbone of the Indian economy. India has a total of 36 million SMEs and, globally, the country can boast of 3,100 startups—one of the highest in the world. No doubt, all businesses will be affected. Therefore, the change is huge and the canvas extensive. The GST Network (GSTN) is expected to throw up 5 billion invoices a…