Business Reports

Almost every sector has been facing a new era of the latest trend of digitalization. Hardly anybody would argue about the power that digitalization holds and how it has shaped the global economy.  Digitalization is the use of technologies that can enhance a business model by providing newer value-driven opportunities and added revenue. Around the world, technology has been advancing at a rapid rate over the past few decades.  Technology has made its impact on anything and everything possible and you can now see it in every sector around you, including banking. Banks across the world and the banking sector in India have taken a tremendous step towards a digital transformation. This step has not only helped match the competition but also in giving their clients the best service.  Digital Transformation in Banking Sectors. Digital Transformation in Banking Sector in India Digital transformation as you know is a cultural and operational shift toward the integration of digital technology. I

The risk advisory industry is rapidly evolving. Organizations are facing increasing risks while managing their budgets and resources carefully. In this blog post, we will explore the risk advisory industry in 10 years – from human factors to technology trends. We'll also cover how these changes will impact today's organizations and professionals working in this field. The rise of technology and its implications on the risk advisory industry   Risk advisory firms like Deloitte are already using technology to drive efficiencies and provide better data for clients. Today, many risk advisors use machine learning to find patterns in data that were previously impossible to uncover. It allows them to make better choices, improve client service and reduce costs.   However, as the technology becomes more powerful and accessible, we will likely see even more advances in how risk advisors firms like Deloitte work with their clients. It's also possible that some of these innovati

Cyber security consulting is one of the most sought-after services in India. There are a number of companies that provide this service, but only a few have the experience and quality to be able to provide it well. Data is the new currency, and everyone wants to steal it. In this article, we are going to list the top 10 cyber security consulting companies in India that provide the best services at affordable prices. HCL HCL is a leading global IT service, consulting, and business solutions organization. It has a strong presence in the digital, IT, engineering, and R&D services space. HCL’s Cyber Security Consulting Services include Cyber Security Consulting Services for organizations of all sizes who want to strengthen their cyber-security posture by leveraging the best practices for risk management, compliance & governance frameworks, and toolsets. Deloitte Deloitte is one of the largest professional services firms in the world, providing Audit & Assurance, Consul

In the last decade, the commerce industry has witnessed a lot of advancements, especially in fulfilment and distribution areas. We will continue to see more changes and adaptations of newer technologies as we move forward. The scope of advancements depends upon the market challenges and the precedent set by commerce giants like Amazon. The future of smart commerce is promising, and its application is worldwide. According to an estimation, nearly 25% of the global population will browse through commerce stores by 2023. Business owners and marketing leaders see potential in smart commerce to outshine their competitors. What is Smart Ecommerce? The retail sector is constantly changing, and the pandemic forced brick-and-mortar stores and retailers to take their business online. Our world is more connected than ever before, and retailers need to evolve if they don't want to be left behind.    Deloitte launched its Smart commerce model to help organisations improve their business and ope

  Custom AI-based voice assistant & solution . The ultimate luxury has an assistant who always listens for your call and acts when appropriate. Artificial intelligence assistants, often known as voice assistants, have made that luxury a reality. Voice assistants are small and can execute a range of tasks after hearing a wake phrase or command. They can answer questions, turn on lights, play music, and place online orders, among other things. Voice assistants should not be confused with virtual assistants, who operate remotely and can undertake a wide range of activities. Voice assistants, in contrast, are technological in nature. Voice assistants' utility in personal and business sectors will expand as they become more robust. What Exactly Is a Voice Assistant? It is nearly impossible to call any technology that makes our life easier by a single name. Several names relate to agents that can do activities or provide services for another person, and they are nearly interchangeabl

Healthcare as an industry in India has seen exponential growth over the past years. The same is affected by factors like increased life quality, demographics, and public awareness for proper medical care. However, the sector's growth is limited because of its reach, cost, and quality. Therefore, it is the need of the hour for the healthcare sector to focus on the three lags to make a global impact outside its archived efforts to combat the same. India's healthcare sector must also keep in mind that it is growing competition and must choose a stable industry path. Make in India Initiative The Government of India has undertaken several steps to mitigate the challenges faced by the healthcare sector. Bills, increasing foreign direct investments, and the biggest "Make in India" initiative plays a crucial role in getting India on track. The start-up, "Make in India," was implemented to adopt manufacturing in indigenous locations to increase affordability and acce

India is one of the fastest-growing digital markets in the world, and the pandemic has propelled the sector forward. With the upcoming Union Budget of 2021, it is expected that the government may implement favourable policies to support Digital India. This sector requires investments to improve provisions, policies, and infrastructure. Budget 2021 expectations from TMT are as stated below-   Technology Sector Here are the key budget expectations for the technology sector Direct Tax ●      Digital Tax - The Equalisation Levy (EQL) provisions, introduced on 1st April 2020, have various ambiguities including the definition of ‘digital facility’ and applicability of intra-group services. It is hoped that the government will provide clarifications for these ambiguities. Significant Economic Provisions (SEP) will be applicable from 1st April 2021. It is expected that there will be an overlap in both provisions. The government should clarify the expected interplay between the p