3 Latest Emerging Trends in the Electronic Industry

Ever since the time the “electronic revolution” strikes the industry of telecommunication, there is exponential growth in the competition in the field, which has lead to furious investment and innovation, assisting to give rise to the digital market. The digital market supported the expansion of many electronic appliances like watches, smart phones, TVs, security system, refrigerators, and of course, environmentally friendly electric vehicles.  

As per the latest market research report, the worldwide electrical and electronics manufacturing market is predicted to reach $3 trillion by 2020, with Asia Pacific as the biggest market by geographic region and China the largest market by country. It is predicted to grow at a heady 16.8% growth rate in India. Despite of giving market segmentation and growth by country and by region, the report as well covers the top trends in the electronic industry in the coming 5 year forecast period.

1.Product Design Outsourcing:

Original Equipment Manufacturers (OEMs) are gradually moving product design and development procedures to Electronic Manufacturing Service (EMS) partners.  According to a report, a part of expertise design services market that is predicted to reach $157 billion in 2020.

Electronic Manufacturing Service companies are providing more design services for sub-assemblies and finished products.  EMS partners are working together with OEMS and moving into new models like outsourced design manufacturing (ODM) and joint design manufacturing (JDM).

2.VR in Electronic Manufacturing:

VR technology is being adapted by Electronic Manufacturing Companies to enhanced manufacturing efficiency. This technology in the industry of electronic manufacturing is often termed to as simulation, digital design, and integration. Considering the growth rate of worldwide electronic equipment market, which is 5.2%, VR has a big implementation scope in the forecast period.

3.Robotic and Automation:

A number of electronic markets of equipments are using robotics and automation to enhance plant productivity and effectiveness. Sensors are being used in several machines to access invaluable information for enhancing and diminishing potential breakdowns. For examples, as per a report, 1.2 million industrial robots are estimated to be deployed by 2025, whereas the electronic equipment is predicted to reach $2.1 trillion by 2020, therefore indicating a rise in robotics and automation technology adoption to enhance productivity and decrease production costs.

Modernized Materials and Technologies in the Electronics Industry

The electronics industry is very dynamic like materials, industries and business models are always efficient to meet developing consumer demand. The demand for lighter, smaller, and thinner electronics products enhanced computing power, and connectivity, faster data speeds, and most importantly, sustainability, is encouraging improvements in this industry.

Durability or Sustainability is a major concern area in the electronics industry as products with a shorter shelf are discarded by consumers that in turn raise electronics waste. To overcome such issues, manufacturers are now focusing on developing modernized materials to enhance the performance and life of electronic devices.

Modernized materials definition:

Highly developed materials refer to a new material or the advanced of an existing material. These materials have superior features that can better traditional materials. The top modernized materials and technologies in the electronics market such as quantum dots, G fast chipset, grapheme, flexible battery, silicon carbide, smart glass, carbon nanotubes and biochips.

G. fast chipset:

Market players have adopted a strategy of new product launches, which is the key strategy in order to attain growth in the G fast chipset market. It accounted for a share of about 66% of this strategy, all growth strategies taken on by market players between 2014 and 2016, according to a market research. Market players have adopted this strategy due to the growing use of ultra-fast fixed broadband offered by internet service providers to gain a competitive advantage also a high-growth chance in the European markets.

Quantum dots (QDs):

Quantum dots are small particles of a semiconductor material that were discovered in 1980. They provide unique electronics properties of bulk semiconductor and discrete molecules; they can as well produce different colors as per the size of a particle. Quantum dots are predicted to transform TVs and electronics displays with minimal cost and high energy saving. They get energy from a light source and emit color palette of bright greens and deep red; they are incorporated in display films.

Flexible battery:

Flexible battery is a battery that is compatible, compact, and flexible. It can be molded or twisted in any shape as per the requirement devoid of degradation in its performance and quality, to make sure superior functionality of the final product. It can maintain its characteristics even when it is best, cut into parts, or twisted.

Graphene:

Graphene is a 2-D carbon allotrope that is 200 times stronger than steel, extremely thin, flexible, ultra-light, and an efficient light and heat conductor. It is prepared by several manufacturing procedures with exfoliation and chemical vapor deposition (CVD) being the most preferred procedures.

Carbon nanotubes:

Carbon nanotubes are small sized of nanometers, having minuscule allotropes of carbon. The properties such as electrical, physical, and thermal, make them a superior material for some end-use applications. CNT (carbon nanotubes) have a very high tensile strength outstanding electrical conductivity, and the ability to bear high working temperatures.

Silicon carbide (SiC):

Silicon carbide (SiC) is a very hard material this is found under the earth’s crust. Silicon carbide is used as a rough material for various industrial applications due to its hardness. It can be manufactured unnaturally by blending sand/silica and petroleum coke under high temperature and pressure condition.

Smart glass:

Smart glass as well known as dimmable glass, regulate the light transmission properties statically or dynamically, depending upon stimuli like voltage, light and heat. These glasses do not need electricity to retain its state of opacity or color change. The growth for smart glass is predicted to explode with adoption of VR/AR and rising preferences for wearable’s devices among the millennial and teens.

Biochip:

A biochip is a gathering of miniaturized test sites set on a solid substrate that allows a number of tests to be carried out with increased efficiency and higher speed to achieve higher throughout. Biochips have major applications in the fields of genetic analysis, protein analysis, toxicology, biochemical research, personalized medicine, and diagnostics. 

How Digital Manufacturing will help Industries?

The digital revolution is now breaching the walls of manufacturing as it continues to disturb media finance, healthcare, consumer products, and other sectors. The explosion in information and new computing capabilities like artificial intelligence, robotics, and automation will alter the nature of manufacturing itself. Digital connectivity among designers, workers, managers, consumers and physical industrial assets will unlock huge value and change the manufacturing landscape forever.

Up till now manufacturing generates more information than any other sector of the economy, some companies are harnessing it. One oil-and-gas company, for instance, discards 99% of its information before decision makers have an opportunity to utilize it.

Consider traditional car manufacturers and Uber that are at the highest level in the business of moving people around. They meet people’s transportation requirements not with glass, steel, runner, and salespeople but with data, matching person vehicles and riders by means of smart phones. Barely 5 years into its existence, it is valued at approx. $50 billion, as per a marketresearch.

Response of leading manufacturers to digital:

The methods people and firms use details had shifted dramatically. Information storage is inexpensive and flexible, and advanced analytics and AI are giving us new abilities to draw insights from large amount of information. Advances in AR and VR, next-level interfaces, addictive manufacturing, and advanced robotic are all opening the gates to digital disruption. In the next decade, digital manufacturing technologies will permit companies to connect physical assets by a “digital thread.” This will unleash a seamless flow of data across the value chain, which will link every phase of the product life cycle, from sourcing, design, testing, and production to distribution, point of sale and use.

 

Use Cases:

Pharmaceutical companies are using their deeper understanding of continuous procedures to enlarge constant manufacturing suites with footprints less than half size of conventional factories. Few have even developed portable factories, which can be built in 40-foot trailers. They are utilizing the digital thread to enhance quality control. Some companies are now relying on infrared technology to identify bogus drugs and contaminants devoid of the conventional critical tests.

Worldwide fashion retailer Zara is already renowned for developing and shipping new products within 2 weeks. It is now utilizing digital techniques to respond even faster to customer’s preference and lessen supply-chain costs; connecting reusable RFID (radio-frequency identification) tags to every item of clothing in more than 700 of its 2,000-plus stores. 10 staff members can now update a store’s inventory in less than few hours. Unlike before, it used to take 40 employees for more than 5 hours.  

The aerospace-and-defense industry is using digital tools to amalgamate an extremely complex supply network.  An advance jet turbine engine has hundreds of individual parts, for instance, few of which the engine manufacturer makes in-house and others it sources from a network of dozens vendors. Along with cloud computing-based tools, providers can work together faster and more proficiently. A maker of engine can share 3D models of component design within its network, and each supplier in turn can share data regarding delivery, price, and quality.

Those manufacturers who have implemented digital manufacturing have normally reported substantial advantages from improved procedure and production planning. These advantages include increased production throughout, reduction in capital costs, better use of facilities, reduced lead times, improved product quality, a lessening in operating costs, and a reduction in continued product support.

What does IOT means for Manufacturing Sector?

Manufacturing globally is on the cusp of a revolution. New information technologies are abruptly providing not only to make the management of manufacturing more efficient, since everybody has seen the early versions of plant and enterprise software, however the work itself smarter. Technologies based on the IOT have the potential to radically enhance visibility in manufacturing to the point where each unit of production can be seen at every step in the production procedure.

As per a market research on smart manufacturing and the IOT finds that while 1-5 today admit their factory operations are entirely offline, this will drop to near zero in 5 years.

Use Cases:

· Siemens:

At Siemens’ electronics manufacturing plant in Germany, Amberg, machines, and computer handle 75% of the value chain separately, with few 1000 automation controllers in operation from one end of the production line to the other. Parts being produced communicate with machines by means of a product code that tells the machine their production needs and which steps need to be taken next. Every procedure is optimized for IT control, ensuing in a minimal failure rate. Employees are necessarily supervising production and technology assets, such as handling unpredicted incidents.

· Generic Electric:

At one of GE’s Durathon battery plants, more than 10,000 sensors measure temperature, air pressure, humidity, and machine operating data in real time. This offers the chance to monitor production and adjust procedures in real time, as well as to trace battery performance back to specific batches of powder and at each step along the procedure.

· Cisco:

To better orchestrate it worldwide network of outsourced production plants, Cisco developed- Virtual Manufacturing Execution System Platform (VMES) that offers real-time visibility of production operations. The system leverages technologies like Big Data analytics, cloud, and the IOT to connect and collect real-time information from production machines, allowing analytical quality capabilities in a fully outsourced manufacturing environment.

Orchestrating the whole procedure:

Smart manufacturing needs a healthy dose of technology to ensure machines work together and appropriate, teams of knowledge workers orchestrate the whole procedure, and material flows visibly in real time. What makes this possible is the IOT technology environment. In plant floor applications, the IOT’s can make a network linking a variety of manufacturing assets from the production instruments to parts being produced, from trucks to a warehouse’s smart shelves, from sensor-embedded automation controls to energy meters. With the IOTs, manufacturing can give every of their physical assets a digital identity, which enables them to know the exact location and condition of those assets in real time universally all through the supply chain.

The Right Time to Invest:

Smart Manufacturing, for those ready to get started, is necessarily a platform, which amalgamates a number of technologies, like connectivity technologies, the cloud, and Big Data analytics.

The idea is to use connectivity technologies (for instance, wifi, industrial networks, M2M, etc.) to link factory automation assets (for instance, robots, production equipments, RFID, etc.) to end-user apps (for instance, ERP, PLM, MES, etc.) also mobile devices for more exact and active business executive.

The IOT has a catchy ring to it, however for a number of possibilities are almost too far reaching to imagine. For manufacturer the likely impact of IOT in smart manufacturing looks very big certainly.

5 ways IT trends are revolutionizing the Manufacturing industry majorly

Information technology,It is creating buzz again. This time in the manufacturing world, which is undergoing the greatest transformation since the last century. As technology optimizes manufacturing processes, threat of evaporating workforce looms.

Industry experts, more and more, have started referring to the next generation technologies as big data, cloud, social drive information technology, mobility in diverse forms.

But, technology on its own is not enough. It is the underlying business model transformations employed by these new technologies that are revolutionizing manufacturing.

Some of the key trends – industry 4.0 are activated by developments in smart manufacturing, Artificial intelligence [AI], Internet of Things [IoT], robotics etc.Market research indicates, Industry 4.0 in addition to prompting manufacturers to invest $267 million in IoT by 2020; is also transforming manufacturing along in 5 different dimensions.  

·         All-in-one production of tangible products via 3D

One of the major technology which has left its mark in manufacturing, as per market research, is the 3D printing. This allows a seamless production of tangible products utilizing only a single machine. 3D provides a fundamental change because it offers –

1.       Reduction of waste by plastic re-cycling

2.       Decrease time lag needed for transportation and replacements

3.       Proffers more possibilities of ways to design a part

4.       Diverse implications for mass productions

5.       Making developments in products a possibility, be it for medical devices or toys.

·         Monitoring 360°-ly

New tools are creating more possibilities for companies to– a] to emulate the design process and the assembly lineprior to the creation of the actual products and b] to create situations for trial in a virtual world.

Simulating the product production stage assists in saving manufacturing time. It also assures that manufacturing process delivers exactly what the company intends to create. Utilization of AR [ augmented reality] allows individuals from around the world to connect and troubleshoot unitedly.

·         Automation is the trend – but managed by humans

Using smart equipment automatically means better manufacturing process. Besides the obvious challenges, the outlook of how the Industry 4.0 workforce will look like is strong. There is of course, the concern of automation displacing human jobs. Plus, the bulk of automation used can pose a threat to humans. Therefore, robotics would complement, not replace the human workers.

There will still be need for humans who will manage new operations, the robotics. They will program and maintain them. Just as the manufacturing world is shifting, the job of the workforce is also shifting. This new workforce will be divided among those who can build and design automation and those who can maintain them.

·         Building smart factories using cloud technology

Factory environments are one the major factors influencing developments in smart sensors and cloud computing.

While smart sensors are used for converting information into different units of measurements, interacting with different systems, recording statistics and feedback, shutting off devices if safety issue arises etc. 

IoT functions lays in tracking and examining the production quotas, integrating control rooms and creating predictive maintenance etc.

Meanwhile, cloud computing allows businesses to procure and analyze data that impacts the production line. Information from AR and VR, more customer feedback will have significant effect on R&D, giving customer what they need faster, all the while cutting down costs. A system that will ultimately promote innovation.

·         Advanced Manufacturing on Auto-pilot

Automation enables a level of productivity and precision that cannot be achieved by human capability. The new generation of robotics are easy to program and even easier to use with features like voice and image recognition to recreate complex human tasks. Another advantage is that they do exactly what is asked of them – nothing more or less. While they save human time which is spent in the most tedious manufacturing tasks, they also create new jobs for re-trained workforce.

A significant change in smart manufacturing will not only lead to greater profits, more jobs and superior economies, they will usher us into the new era of production.

The Power of AI on Indian Information Technology Companies

Most large IT service industries have been investing in automation of procedure in their conventional businesses like business processes outsourcing (BPO) and infrastructure management and application, which means fewer engineers, will be required at the lesser end of the pyramid.

At the turn of the century, a boom in the Information technology sector led by firms like TCS, Wipro, and Infosys interpreted into the creation of thousands of office jobs in the country, and a comparatively easy opportunity to work onsite in the matured markets of US and Europe.

 As these companies were concerned in boring jobs like infrastructure management, client support, and server maintenance, they hired in huge numbers from engineering colleges throughout the country.  But not now, possibly.

Person on AI poised to disrupt IT Industry:

According to a market research, 80% of the offshore IT jobs and 30-40% of finance and accounting jobs in India will be eradicated by robotic procedure automation, which is the technology application to procedure a transaction and perform out other tasks.

Around almost every industry, it is noticed that eradicating ratios is between 30% and 80% of the full time equal working in the Indian services industry because of the impact. Information Technology is open about the fact, which said recruitment of the hundreds of Indian engineering college’s graduates has deducted as they automate.

Not Technology of the Future Anymore:

On hiring features, firms are probably to shift into re-skilling. The whole industry is hiring fewer freshers. Jobs at the bottom of the pyramid are getting robotic. People are hiring more onsite, given the macro environment.  Automation has been changing each sector compressing people, and it’s now the turn of Information Technology. If you consider the several jobs, which any industry has, it is possible that repetitive tasks that can be performed better by systems with artificial intelligence are the jobs, which will go away.

   

They are enduring their constant focus on introducing automation around their projects in the backdrop of pricing pressure in conventional services and they expect this to reflect in our future hiring.

Not each position that is flagged off for hiring, first it is looked within by them. They try to re-skill and assist people move into newer parts instead hiring outwardly.

Essentially not always with negative Implications:

It’s not wholly gloomy picture, however it will force the employee to adapt. Automation will not eradicate jobs. It will bring people to focus their attention on various types of jobs, people that are high on thinking, creativity, and need human interaction. Thus while few jobs get eradicate, numerous more will be created.  

Re-skilling is a challenge. Those who cannot re-skill will be under personal pressure and it will be a matter of survival for them. 

Enhancing your Digital User Experience helps to increase Conversion

Whenever website performance is stated, two phrases are sure to follow: user experience (UX) and conversion rate optimization (CRO). Whereas both terms are usually used, rely upon comparable study and reach same end goals, UX and CRO are not, in fact, the same thing.

Conversion rate optimization (CRO) is a practice, which consists of constantly improving your site or landing page with the aim of transforming visitors to leads or clients.  According to a market research, CRO makes sure that the message of your site is as clear as possible, to help achieve your final objective.

Digital user experience is defined as the in general experience your users have all over the use of digital appliance, an interface or more normally an interaction with any device or service.

Why is digital experience a vital part of conversion?

The aim of UX is to enhance the design of a website so that it is cleaner, simpler, more coherent, and more user-friendly.  In brief, it focuses to create site navigation as easy as possible.

The word ‘user experience (UX)’ even though usually used in the technical sense, that is when describing a site or app can in fact also be applied to everyday experiences and interactions out there in the ‘real world.’

Think back to a memorable experience. May be it was a product that was super easy to utilize, a website where you quickly found exactly what you were seeking for or a time when you obtained excellent customer service. The point is UX can be termed as the UX has interacting with a product (or website, or service- and so on.)

Now that you have expanded upon what makes up the definition of user experience, you can start to understand why a positive user experience can enhance a site’s conversion rates.

Visitors who don’t know your interface is a client who will leave the website midway through a purchase guide, and keeping in mind no intention of returning. Once a client is disappointed his is lost.

CRO+UX: How does this pair work?

According to CRO, know the obstacles, testing them, and continuously optimizing them to make sure that you always perform best. When your test is based on a user experience approach, the outcomes are considerably better.

To sum it up, an influential website is a site, which knows how to unite conversion optimization with an irreproachable UX. Both of these practices must work together, since, after all the end goal for both is the same!

Why Indian startups are welcoming GST

The present news is making the buzz in the country, GST goods and services tax is surely a relief for the tax payers, as they are now estimated to pay a single combined tax in its place of the superfluity of taxes like Central Excise, Octroi, State Value- Added Tax, Service Tax, and many other subsidiary taxes. Combination and transformation of procedure of indirect taxation will now be made with ease and more efficient. The GST bill is supposed to fuel the economic integration of the Indian economy. 

Considering this tax will be charged on sales, production, and consumption of goods apart from services at the State government and Central government levels, it is rest certain that the difference between Goods and Services will be diminish progressively, making sure tax compliances become easier. It as well, is appealing to know that the country is taking one more step towards development with GST as most of the countries that are developed use this form of taxation, not only for ease and convenience but to avoid double taxation too.

Goods and Services tax will be allocated on transaction value that includes contract, packing cost, and all other expenses acquired for sales. Whereas, every other state is in support of the bill, the government of Tamil Nadu feels that this bill may take away the independence of the State government.

Some of the main influences of GST on startups in India are as follows:

1)      Immunity for new businesses:

Currently, businesses with gross revenue of more than INR 5 lakhs should get VAT registrations and pay VAT. But, GST will rise this limit upto R 10 lakhs and above. The industries with earnings between Rs. 10L and 50L will be taxed at lesser rates. This will definitely help to reduce tax burdens on freshly established businesses.  In addition, GST will bring about an ease in launching new businesses. For instances, new businesses require a VAT registration from sales tax department, other than undergoing many processes and fee payments in every state. Here, GST comes in a welcome change, carrying out uniformity in the process. Goods and Services Tax will allow centralized registration, thereby encouraging business startups, and developments.    

2)      Relief for sales and services sectors:

One of the most complex businesses is restaurants that are both into services and sales, go down under two taxations, i.e. food and service. Therefore, they calculate both VAT and service tax separately, creating the whole calculation process very complicated. GST comes as a relief to this sector in which the taxation will not distinguish between sales and business services, making sure tax calculations are done on the total amount.

3)      Cost Reduction- transportation & logistics:

GST will make sure that the interstate movement becomes inexpensive and is less time consuming, by eradicating small border taxes and resolving check post issues. This will unavoidably decrease the number of costs connected with upholding greater stocks, as there will be a smooth movement of goods.

4)      Simple revenue system:

At the moment, startups expend a lot of energy, time, and hard work in organizing innumerable taxes at innumerable points. Considering and then following unlimited rules and regulations at different States makes the procedure of setting up a new business a very complex affair. Goods and services tax not only simplifies the process by incorporating all the taxes to be charged but as well makes the whole process of tax paying an entire lot simpler.

5)      Benefit for online startups:

With no doubt, goods and services tax has demonstrated a blessing for all the business startups operating through e-commerce platform. There are various startups that are operating in the cyberspace and are offering products by means of the internet. The earlier taxation regime had been making hurdles for them as they had to pay various taxes in each state. But, GST execution will set them free from these hurdles.

In general, GST will be a blessing for business startups and various other sectors. It is estimated to be a large savings for logistic, manufacturing and retail companies. But, decision other sectors dealing with luxury products such as tobacco products, cars, etc. will face higher tax rates between 27%-40%, as per market research.  

There are numerous arguments that are clouding the sky of GST. Above mentioned advantages, with others are being spotlighted by those who concur with the pathbreaking tax reform. The critics of goods and services tax hold different views and are raising arguments in the direction of revenue losses which the state might incur. But, the Centre has taken this into factor and has made a provision to redress state for any losses created by them as a consequence of. Therefore, it won’t be wrong to plan that GST’s positives be more important than its negatives and it is certainly going to reform that way startups were operating.

Quality Assurance has an intrinsic role in Digital Transformation

As the globe moves on from relying on paper to becoming wireless as of constant changes in technology and competition, businesses are gradually forced to experience a digital transformation to stay relevant in a dynamic marketplace. Some organizations are going to take a lot of time and resources whilst experience a transformation, however the sacrifices made are completely vital to secure customer retention in the long run.

Importance of Quality Assurance:

Quality Assurance organizations require maintaining the whole customer experience while ensuring the production and delivery of high quality applications. This can be managed by amalgamating silos across the entire range of business procedure, quality assurance, combing development, and marketing teams to enhance process validation, setting up mobile testing labs, and implement risk-based testing based on comprehensive analytics.

The success of any company after its digital transformation hinges greatly on its clients.  At the time of a transformation of any kind, firms are going to focus on upgrading their infrastructure and thus take away existing obsolete processes and execute newer efficient ones instead. Therefore, it is in this vital period of transition that quality assurance is obligatory. As any anomalies encountered early can be put correct and are not very likely to be reflected in the delivery of polished, high quality products. To be useful in maintaining the quality and stability that clients have come to estimate from an organization, QA team need to:

1)      Blend integration tests into the overall app lifecycle that cleans up a product from top to bottom.

2)      Implement universal automation all through the value chain that streamlines test execution.

3)      Manage many services, apps, and platforms to assure smother development of complex, sophisticated products.

Quality assurance role in transformation:

Quality assurance plays a vital role in the expedition of digital transformation.  Executing quality checkpoints along the path guarantees the desired business outcomes, also end-user satisfaction the ultimate objective.

A complete digital transformation changes business activities at every level. QA efforts build up the products at each phase all through the development lifecycle and alleviate confronts posed by new technology. Quality assurance is in the best bolstering role in any organization’s digital initiative to protect security and performance.

Fortunately, enterprises proceeding in the direction of extended digitalization already recognize the associated risks and see the big picture of quality challenges. Consequently, number of them does not hesitate to enlarge their quality measures and spend a lump of their IT budget on quality assurance alone.

Quality Assurance’s Major Objectives:

Good QA measures meet the three major objectives of a company’s digital transformation: increasing quality awareness, protecting the corporate image, and ensuring end-user satisfaction.

Safeguarding the customer experience and brand:

Quality assurance efforts measures end-user undergo across various digital platforms. This enhances accessibility, diminishes response time, and increase the consistency of brand. A good quality assurance program can attend to the challenges for testing consumer experience in multi-channel solutions:

1)      Getting the right coverage of end-user needs and demands  in the test set

2)      Designing test cases

3)      Implementing  and utilizing test tools for customer experience testing

4)      Establishing environments and test data for customer experience testing

Lifecycle automation:

Quality assurance speeds up the transformation process not only by application-level automation, however also by lifecycle automation.  Apart from taking benefit of conventional automation, a quality assurance aims on testing the complete lifecycle, therefore ensuring cross-platform compatibility and customer-experience testing, as per a market research.

The next big thing across industries is the Blockchain Technology

A blockchain is an unidentified online ledger, which uses information structure to justify the way you transact. It also permits its customers to influence the ledger in a secure way without the help of a third party. A bank’s ledger is connected to a centralized network. But, a block chain is anonymous, protecting the identities of the customers. This helps to carry out transactions in a more secure way with the blockchain. The algorithim used in blockchain diminishes the dependence on people to authenticate the transactions. This technology used for several transactions has the possibility to interrupt the financial system.

How it works?

Block chain facilitates two entities that do not know each other to agree that something is true without the necessity of a third party’s interference. As against to writing entities into a single sheet of paper, a blockchain is a distributed database, which takes several inputs and places them into a block. Every block is then ‘chained’ to the subsequent block using a cryptographic signature. This permits blockchain to be used as a ledger which is reachable by anyone with approval to do so, according to a market research.

Why are banks interested?

All main banks are conducting trials with blockchain as they can use it for record keeping, money transfers, and other back-end functions. The paper -intensive worldwide trade finance procedure as an electric decentralized ledger that provides all the participating entities is duplicated by blockchain application, including banks, the ability to access a single source of data.

It also allows them to track documentation and verify ownership of assets digitally, as a permanent ledger in real time. Infosys and TCS, the Indian IT service providers are increasingly incorporating the use of blockchain technology. Two of these companies, for banks are utilizing blockchain system to make core banking platforms.

Is It Safe?

Blockchain permits financial institutions to perform and validate transactions confidentially devoid of any human intervention. The blockchain’s USP is that it permits two parties to perform a transaction without any mediator.

The electronic ledger of transactions is constantly maintained and verified in ‘blocks’ of records. Professionals believe that blockchain architecture can importantly bring down the costs and enhance effectiveness in the financial sector. Through cryptography, the tamper-proof ledger is shared between parties on computer. 

Redefining retail business with machine learning

Technology has transformed how brands and clients communicate with each other. Customers once depended upon in- store, face – to – face interactions to make the purchases and therefore receive support. Now-a-days, shoppers do research prior to entering the store itself. 

 In fact,it was revealed that 81% of the shoppers did online market research before making any purchases and therefore didn’t rely on the sales persons wholly for making their shopping decisions.

Retailer shop keepers, for their part have understood the need to embrace technology and how that can result in to extending their storefronts to the customer’s fingertips. Shoppers can buy from within their social networking apps and even compare prices without even entering or leaving a store. While these technologies have driven the retail industry to the digital era, technology that is still developing will have the largest impact on the future of the retail industries as well as customer service.

Adapting the Big Data

More retailers are tracking their customer’s shopping habits through data mediums like the social media, customer preferences/ demands, shopping history and market trends etc. By depending upon big data technology to achieve a deep understanding of the customers as well as their buying trends, retailers can maximize their customer’s expenditure and encourage shopper’s loyalty.

According to Market Research, 70% opined that big data was essential to maintain competitiveness, while other 82% concurred that big data was transforming the way how the interact and relate to the customers.

Matching products with shoppers

Machine learning technology increases the reach of big data analytics and can assist in creating an incomparable shopping experience.

Creative retailers can use the power of technology by machine learning algorithms to do particular things like determine available products from outside retailers or recommend the price, quality standard, marketing channel or shelf life that would reach the appropriate customer in the particular area.

Additionally, the ability to automate everything through machine learning and advanced analytics soon will mean that a normal customer service will be executed by bots, which can predict customer’s needs and offer service in the quickest and immediate way possible – i.e., by providing us items we didn’t even know we needed.

Developing the back-end

Advanced analytics and machine learning will not only change how we buy and proffer customer service, but also simplifies how retailers perform basic operations. The machine learning will ease up the monotonous work required to find a valuable insight within the pile of data. With the assistance of these tools, the retailers can find usable data to optimize shopping experience for the customers.

A digital assistant

In future, digital assistants like Siri will learn more about us and incorporate itinto providing customized product offers.

Transforming Healthcare with Big Data

The business of saving lives is the only biggest business than any other businesses. There hasn’t been a more relevant time for businesses in healthcare to think out of the box to find answers to pressing problems. In 2012, Centers for Disease Control and Prevention reported, around half of all adults (nearly 117 million people) globally, had chronic diseases and conditions like heart disease, cancer, stroke, type 2 diabetes, arthritis and obesity. The need is to prioritize prevention as much as finding cures for diseases as this is the only method to verify their rampant spread.    

In a short span of 10 years, there has been an extreme generation of data and the use of technology to analyze the same has given birth to a new industry, Big Data. Through effective use of Big Data; healthcare industry analysis have found newer methods of decreasing many preventable deaths, curing disease and improving quality of life, while cutting their business overheads and rising productivity. Treatment modalities have changed and that has a lot to do with the way healthcare experts are using Big Data to make knowledgeable decisions about patient care. At present, the impetus is on understanding patient information quicker and better to estimate the onset of sickness and to stall them in the early stages.

Begin at the very starting:

One of the most physical methods data has changed healthcare is in the method used to collect it. Electronic Health Records (EHR) is now a reality across most hospitals in the U.S. By 2020, centralized EHRs is likely to come into being.  European Health Record System have eradicated the need for paperwork, diminished data duplicity, and also allowed for better treatment tracking. At present, the novelty of EHRs has worn off as technology has gotten way more avant-grade, as per a market research.

Telemedicine has been around for no less than 4 decades however mobile technology market has changed the face of it with wireless devices and video conference tools. Distant yet personalized treatment has been made very likely and this has considerably cut costs in healthcare. Money of the patient’s is saved on repeat visits to hospitals, and saves on valuable time of physicians as distant treatment has made some facets of medical treatment location skeptic. Some smart wearables have also made their way into everyday life and it isn’t uncommon for friends and peers to switch over personal data, which is collected via these devices.  Industry professionals estimate that there will soon come a time when physicians rely on Big Data as step one in charting treatment plans.

The very fact that few companies are searching to collect and study an insubstantial variable like stress is a testament to difference Big Data can make. The adoption of preventive study as opposed to conventional statistical study is a clear sign of things to come. Prediction modeling, the basis of preventive analysis, makes an estimation algorithm or profile of a person utilizing techniques like artificial intelligence to analyze data. This can be better individual outcomes, enhance the accuracy of predictive study, and guide to pharmaceuticals creating more effective medicines.

The common thread, which runs through the applications of Big Data, is the ability to offer real-time analysis of data. When it comes to making a decision on health, time is absolutely of essence and further use of Big Data will help professionals and patients take quick calls without compromising on correctness. 

Five biggest hair color trends for 2017

According to colorist to the stars, 2017 is the year of bold hair color trends. The market research estimations for what hues will lead next year range from light hues to daring statements, blondes to burnettes, etc.

There are the 5 shades and most significantly, the perfect inspiration to bring to salon so you can get what you want.

1)      Nude Hair: These hair colors are similar with a person’s skin tone and make an on the whole nude look. The usually born with this hair color are natural blondes.

2)      Jewel Tones: It is not as strong as the ultra-vibrant punk colors, but a little striking version of the pastel trend. Some shades like Sapphire Blue and Quartz Pink incorporated into color melts and soft ribbons. This is the best and lighter option for those with lighter hair. Hair that is darker will need to be pre-lightened to get the look.

3)      Baby Blonde: The perfect pairing to a darker winter wardrobe is the pale pastel blonde. When committing to this color, maintenance is so very important.

4)      Tigers Eye: This color is the latest fashion of Bronde. It’s a combination of highlights that are painted on using the balayage technique- in shades like amber, honey, and soft brown. It’s the latest evolution of bronde. In 2016, this color became famous overnight and is usually worn for protection. Anybody who wears this shade will certainly feel confident! You will not only have a gorgeous color but it’s so understated that when it grows, you don’t have to be concerned regarding high maintenance and harsh roots.  It can be adjusted cooler or warmer to suit your complexion. The look has a universal appeal as in sits in the middle of the hair color.

5)      Chocolate Mauve: In order to get a modern take on highlights, this is a great way for burnettes. The unpredicted combination has been and will continue t be one of the latest “it” colors. 

Forecast on Internet of Things Testing Market

The Internet of things testing market size is predicted to rise from $302.9 million in 2016 to $1,378.5 million by 2021, at CAGR of 35.4% between these years. For development, testing and management applications, enterprises need flexible platform and infrastructure for developing.

There are many companies that offer end-to-end planning, execution of releases, coordination, and helps organization to build mutual workflows between development and operations, to speed up release series of Internet of ThingsTesting Market applications and boost up the ROI of businesses.  

Nevertheless, for the nimble development of IoT applications, there is a critical need for pro-active robotic testing equipments and solutions to test IoT functions at the necessary benchmark and make sure the performance and functionality of IoT applications.       

Device field testing professional service type is predicted to gain maximum traction during the anticipated period:

This type of service provider proffers real-time testing assurance of the device workability and operability in the actual field. These service providers not only test the devices in the static field environment, however also in the energetic field environment to make sure it’s real on field operation to commercial clients. It gives surety of device’s functionality, accessibility, compatibility, performance, and security to IoT vendors.

Mobile application testing services sector is anticipated to have IoT testing market’s main market-size during the estimated period:

This type of services proffers by chief testing sellers essentially test handheld mobile devices for their usability, functionality, security, performance, among others. Additionally, to this testing, installation testing, lab testing, and memory leakage testing are also performed on mobile devices for its usability and functionality. Technology market  of mobile application testing gives offer both manual and automated mobile application testing to their commercial clients, to test both hybrid and native mobile application.   

North America is estimated to have the largest market size and Asia-Pacific is anticipated to rise at the highest rate during the projected period.

According to a market research, North America is estimated to hold the largest market share during the calculated period. The place holds chief dominance due to its sustainable and fixed economies, which allows companies to strongly invest in development and research activities, thus contributing to the development of new technologies. Several organizations are keen on incorporating IoT technologies in their procedures that has enhanced the growth of the IoT testing market considerably.  

The Asia-Pacific market is predicted to witness the notable growth and is estimated to be the fastest-growing place in the IoT testing market. North America has a competitive benefit over other places with number of players providing local cost-efficient results, hassle-free accessibility of trained labors, and flexible policies & regulations.