Did Fortnite just kill the App Store as we know it?

Epic Games’ Fortnite offered a direct in-app payment system bypassing apple’s (with 30% cut) & google’s; violating their rules and got itself removed. Fortnite has now charged them for being anti-competitive, claiming that app stores are monopolies. The gaming giant’s move is ‘revolutionary’ because it may disrupt the app-store business of Google and Apple. •… Continue reading Did Fortnite just kill the App Store as we know it?

Digital around the world in 2020

The average internet user now spends 6 hours and 43 minutes online each day. That’s 3 minutes less than this time last year, but still equates to more than 100 days of connected time per internet user, per year.

Alphabet revenue dropped in Q2 2020, the first decline since going public

Google parent Alphabet’s quarterly sales fell for the first time in its 16 years as a public company, but the decline was less than expected as many advertisers stuck with the most popular online search engine during the pandemic. Shares of Alphabet fell 1.2% to $1,518.85 after it released the second-quarter results.

Top Machine Learning Algorithms, Frameworks, Tools and Products used by Data Scientists

• Top algorithms used were linear/logistic regression, decision trees/random forests and Gradient Boosting Machines • The most used machine learning frameworks were Scikit-learn and TensorFlow • Top tools for machine learning automation were related to model selection and data augmentation • The top products used were Google Cloud ML Engine, Azure ML Studio and Amazon… Continue reading Top Machine Learning Algorithms, Frameworks, Tools and Products used by Data Scientists

Bird’s eye view of the Indian IT industry

• In FY20, Indian IT-BPM industry generated $191bn revenue (75% from export) and employed >4.3mn people • Indian IT industry provides IT services, Engineering R&D, Products and Business Process Management services • Geography-wise, the USA contributes around 2/3 of India’s IT revenue followed by Europe • Indian IT industry, which flourished during Y2K crisis, has… Continue reading Bird’s eye view of the Indian IT industry

Investors have deserted Intel, piled into TSMC

• Like 10nm chipsets earlier, Intel’s 7nm designs may also face delays while AMD moved to 7nm chips this year, and Qualcomm has moved to even smaller 5nm designs • After CEO Bob Swan said Intel is considering outsourcing, the company’s shares slumped 16% • Taiwan Semiconductor Manufacturing Co. (TSMC) produces more than a billion… Continue reading Investors have deserted Intel, piled into TSMC

Towards the Giant India SaaS Opportunity

Key highlights of ‘RIDING THE STORM- Towards the Giant India SaaS Opportunity | July 2020’ by Nasscom: Indian SaaS Revenues at $3.5 Billion in FY2020, growing at 30% with global sales accounting for 75% of revenues Chennai has emerged as the “SaaS capital” (generating $1+ billion in revenue) due to the presence of leading SaaS… Continue reading Towards the Giant India SaaS Opportunity

Wealth exodus from China continues

Australia has been named the top destination for migrating millionaires Australia and the US were consistently named at the top of the world’s immigration “wish lists.” Australia was named the top destination for millionaires because of its low crime rate, strong school system, first-class healthcare system and growing economy Source: VisualCapitalist

Incremental working-age population

• By 2030, close to 1/5 of the world’s working-age population will be Indian. • An average of 10 million Indians will join the working-age population each year until 2030 (110mn cumulative; close to the population of the Philippines). • China’s working-age population, peaked in 2015 and is on track to decline by 27mn by… Continue reading Incremental working-age population

Global Startup Ecosystem

• Asia-Pacific went from having 20% of all top ecosystems in 2012 to 30% today • Silicon Valley remains the top performer in value creation and exits, with ecosystems like London, New York and Beijing also performing strongly • São Paulo, Salt Lake-Provo and Delhi punch above their weight in translating successful startups into subsequent… Continue reading Global Startup Ecosystem

5G patents

• Huawei has the largest declared 5G portfolio, followed by Samsung and ZTE • Qualcomm and Intel are the largest US companies holding declared 5G patent families • Sharp and NTT DOCOMO are the largest Japanese 5G declaring companies • When counting granted 5G patents, Samsung owns the largest 5G portfolio, followed by Nokia and… Continue reading 5G patents

How the biggest consumer apps got their first 1,000 users

1. Just 7 strategies cover every consumer apps’ early growth. 2. Most startups found their early users from just a single strategy. 3. The most popular strategies involve going to users directly — online, offline and through friends. 4. To execute any of these strategies, it is important to first narrowly define the target users. 5. The tactics to get your first… Continue reading How the biggest consumer apps got their first 1,000 users

Robotics-as-a-service

What is RaaS (Robotics-as-a-service)?Performing tasks by robots/ embedded electronics/ IoT, connected via cloud; benefited by tech like Data Analytics, ML, etc. Why RaaS?Robots made an impact in the automotive and manufacturing sectors, but RaaS can enable IoT and robotic automation for SMEs at a lower cost. Platform Examples:– Google Cloud Robotics Platform– AWS Robomaker by… Continue reading Robotics-as-a-service

Evolution of Digital Payments

• 1994: First online purchase.• 1997: First mobile payments and first contactless payments.• 1999: Paypal launches electronic money transfer service.• 2003: Alibaba launches Alipay in China.• 2007: M-PESA created the first payments system for mobile phones.• 2009: Bitcoin enabled secure and untraceable payments.• 2013: WeChat Pay introduced, which by 2018 surpassed 800 million monthly active… Continue reading Evolution of Digital Payments

5 years of Digital India

• The world’s largest digital literacy program, PMG Disha, has already trained around 3 crore candidates. • JAM (JanDhan, Aadhaar and Mobile) trinity facilitated the direct benefit transfers worth more than ₹11 lakh crores, directly into the bank account of beneficiaries. • MyGov, with 1crore+ users ensured active participation of people. • Formulation of 796… Continue reading 5 years of Digital India

Instagram Reels in India

• Instagram Reels is currently being tested in India that lets users record 15-second videos with music and audio clips. • Facebook had recently shut down its TikTok clone app Lasso and was concentrating on ‘Reels’. • Facebook recently partnered with Indian music label Saregama to give access to music library for Instagram music. Source:… Continue reading Instagram Reels in India

Contribution of Smartphones to Digital Governance in India

Key highlights of Contribution of Smartphones to Digital Governance in India by ICEA and KPMG (July 2020): • India is expected to get 829 million smartphone users by 2022. • India is the fastest growing app market in the world; the top country in terms of app downloads as of 2019. • Data usage has… Continue reading Contribution of Smartphones to Digital Governance in India

Middle East FinTech Study

Key highlights of ‘Middle East FinTech Study’ by Deloitte: • The average usage of P2P money transfer solutions among banking customers in the Middle East is 42% • 22% of customers use FinTech solutions/features with money transfers the most popular one • Qataris with a medium-range income constitute the core market of consumers • Peer-to-peer… Continue reading Middle East FinTech Study

Reliance India’s 2020 AGM

Key announcements at Reliance India’s 2020 AGM include: • Jio5G: India’s first 5G network• Google’s investment for 7.7% stake in Jio• Google-Jio to develop an Android-based platform for an affordable 5G phone• JioMeet to expand into edutech and healthtech• Expansion of JioMart with WhatsApp as a platform• JioGlass: Affordable MR headset for commercial applications Source:… Continue reading Reliance India’s 2020 AGM

Percentage of countries in each region offering online services (2020)

• Asia: 90% of countries offer business registration and business license application services online.  • Oceania: The most commonly offered online service is applying for government vacancies (86%) and the least prevalent is registering a motor vehicle (14%). • Americas: The most popular online services (up to 94% countries) include registering a business, paying for… Continue reading Percentage of countries in each region offering online services (2020)

EGovernance international best cases

Germany offers the public employment service that places people in the labor world every year without independent mediation by a staff member. This is made possible by “Arbeitsamt online”, the placement service of the public employment services on the Internet. Each day roughly 250,000 people use the multifaceted offerings of this system.

Key highlights of the report on ‘How India Shops Online’

• A visitor spends less than 9 minutes per visit on an e-retail platform. • 1 in 2 visitors browse the image gallery and only 1 in 15 click the detailed product description. • Google India saw 270% year on year growth in voice search. • 500M Indian language internet users expected by 2021 (vs.… Continue reading Key highlights of the report on ‘How India Shops Online’

India’s Edtech Opportunity

The heart of EdTech surge is the US, with 43% of the world’s EdTech enterprises having their headquarters located in the USA. India has the second-highest number of EdTech startups, with 10% being located in the country. Brazil (9%), the UK (8%), and China (3%) all make it into the top 5 countries leading the way in EdTech.

Digital Lending: A $1 Trillion opportunity for India

By the year 2023, it is estimated that MSME (Micro, Small and Medium Enterprises) digital lending may increase 10-15 times to arrive at INR 6-7 Lakh Crore ($80-100 billion) worth of annual disbursements, creating a window for traditional lenders to go digital. With the growth of API based data distribution patterns and the technical know-how… Continue reading Digital Lending: A $1 Trillion opportunity for India

Growth of Digital Payments and the emergence of FinTech in India

The government of India has proved to be a catalyst in the growth of the digital payments ecosystem in the form of modernization of payment infrastructure, digital literacy and offering ease of setting up a business. The government pushed a surge of digital inclusion in the country with subsidies, programs and incentives including: BHIM cashback… Continue reading Growth of Digital Payments and the emergence of FinTech in India

Digital Tax in India: 2% Equalisation levy

Introduced in the Finance Act 2016, an “equalisation levy” at the rate of 6% (on the nonresident companies indulged in the digital advertisement space) sought to address the tax-related challenges by the growing digitization of the Indian economy. Effective from 1 April 2020, the scope has been widened to cover the levy of 2% on… Continue reading Digital Tax in India: 2% Equalisation levy

How Kerala flattened the covid curve?

Public health infrastructure:Kerala has at least two primary health centers for every three villages, which is one every 3.95 kilometers against the national average of 7.3km. Efficient contact tracing:Through contact tracing, the team was able to track nearly 98% of all primary and secondary contacts, as reported for one district. Early calamity declaration:Kerala government declared… Continue reading How Kerala flattened the covid curve?

RFID in Postal and Courier Services

RFID tags are inserted in the parcel label and when the parcels approach an RFID scanner at the carrier, the RFID label is automatically read and updated with EDI messages about the parcel via antennas. By doing so, the carrier does not have to hand scan the parcel. When the label is RFID scanned the carrier may add events to the parcel, for example sending ‘your parcel is on its way’ notification to the customer.

Phases of response to the coronavirus epidemic

Implementations of travel restrictions, declaration of it being a pandemic by the WHO, testing of international passengers with mandatory quarantining, etc. are some of the measures that indicate that a region or a country has entered the phase of precaution. Stock market is expected to take a large hit due to the sentiment of fear.

Fuel the growth with Market Intelligence

Market intelligence studies the external and internal sources of useful information to script an accurate prospect of market parameters that may help understand the direction of focus, for the overall growth of existing or new products and services in terms of business strategy and modeling.

10th India Investment Conference by CFA Society India.

10th India Investment Conference

Key points from the talk by Sir Howard Davies (Chairman of the Royal Bank of Scotland and the former Director of London School of Economics): ⁃ More cash has gone into shadow banking which is less regulated and transparent. ⁃ Big tech (like Google) is keen on fintech. The question is whether fintechs can get… Continue reading 10th India Investment Conference by CFA Society India.

$70B Social Commerce opportunity for India

It all started with social media giant Facebook investing an undisclosed amount in Meesho in June. Meesho is a marketplace for resellers and connects them with customers via social media channels like WhatsApp and Facebook. With this investment in Meesho, we want to fuel a business model that can result in rapid job creation and… Continue reading $70B Social Commerce opportunity for India

Digital Consciousness

The idea that digital identity can be a conscious-being operating under the digital mechanism, taking in case the philosophies of Transhumanism is not something unimaginable. The concept has been visualized by visionaries for years and is no longer a science fiction story.

HSBC settlement and the pseudo drug war

HSBC was guilty of a “blatant failure” to implement anti-money laundering controls and wilfully flouted US sanctions, American prosecutors said, as the bank was forced to pay a record $1.9bn (£1.2bn) to settle allegations it allowed terrorists to move money around the financial system.

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Actions of the World Health Organisation and the real powers that control it

“H1N1 caused worldwide concern but later the declaration of a pandemic by the World Health Organisation (WHO) raised concern. Many countries including Germany, Italy, France and UK concluded secret agreements with pharmaceutical companies before the swine flu incident which obliged them to purchase swine flu vaccinations but only if the WHO issued a pandemic level 6 alert.

AI influencing the present and future

A quote from Ray Kurzweil says that “Artificial intelligence will reach human levels by around 2029. Follow that out further to, say, 2045, we will have multiplied the intelligence, the human biological machine intelligence of our civilization a billion-fold.”

The Long Tail business theory

Long tail is a phrase popularized by Chris Anderson, former editor of WIRED Magazine, in 2004. Anderson compared Long Tail to the blockbuster or hit-driven business models of media and retail companies. Long-tail sellers change the shape of demand from “blockbuster” or “superstars” to selling large numbers of unique, niche items.