The world has progressed through many eras of industrial revolution. Beginning in 1784, when the steam engine was harnessed by the invention of the steam engine by the Scottish Inventor, James Watt, to the current age of Industrial Revolution 4.0, where cyber-physical systems are coming to the fore. All this is thanks to the enormous efforts of engineers who have led several of these advances and thereby laid the foundation of the global economy.
Many of today’s technologies and products have at least some element of creativity involved in their creation, paving the way for people to lead long, rewarding…
Mechanism of Academic Bank of Credits
The Academic Bank of Credits (ABC) was envisioned in the National Education Policy 2020 to facilitate academic mobility of students with the freedom to study across the country’s Higher Education Institutions with an appropriate “credit transfer” mechanism. In the mechanism of ABC, an online virtual space is provided to students to deposit and consolidate the credits earned during their degrees at various Indian Educational institutions, leading to attainment of a Degree/ Diploma/PG diploma, etc.
The ABC, as a student centric initiative, provides a learner-friendly approach that ensures accumulation of multidisciplinary credits from several institutions. …
IoB is evolving rapidly and its future is exciting
A few years ago, a unique concept is known as a wireless body area network (WBAN) was introduced. It is also called body sensor network (BSN). This was created as a wireless network of wearable computing devices. These devices were either implanted within the body or surface-mounted in a fixed position on the body. In some cases, they have accompanied devices that humans could carry in their clothing pockets or hand or various bags.
Also, there have been a significant advancement in the field of Internet of Things (IoT) over the past few years.
In the process, these two technology…
“The powers that be no longer have to stifle information. They can now overload us with so much of it, there’s no way to know what’s factual or not. The ability to be an informed public is only going to worsen with advancing deep fake technology”.
With the advancements in deep-fake technology, it is now possible to create convincingly fictional imagery using digital transformation techniques. With this technology, a new identity of oneself or others may be built overnight on social media. Such alterations may wreak havoc on people’s lives, especially when deep-fakes become viral. Deep-fakes, on the other hand…
“Twitter CEO, Jack Dorsey sold his first tweet for a 2.9 million dollars as NFT”.
Recently, the trending news on digital assets created through Non Fungible Tokens(NFT) have overwhelmed many people around the world, including those who dabbled in blockchain.
Despite the fact that NFTs have been available for a long time, their popularity soared in 2021, largely owing to celebrities like Jack Dorsey and Elon Musk, as well as large organizations like the NBA, who promoted them. …
PRIMER V
Preamble
A sharing economy is defined as an economic system in which assets and services are shared between private individuals.
It is used as an umbrella term for many different services, apps, and products. These can be divided into three distinct concepts. First, you have the real sharing economy. This is sharing in its simplest form, such as food between a family or household products between flatmates. Wikipedia, for instance, came about as a platform where users could voluntarily contribute and share knowledge.
PRIMER IV
Digital Payments system is one of the main components of Digital Economy. There has been a significant transformation in the way that we make payments over the last few years. We now have more options than ever before, and payments are faster and more flexible than they used to be. Innovative technologies have brought new paradigms in the global business. Digital payments have transformed the way people spend their money. The financial services industry has undergone dramatic technical advancement and as a result, this sector has expanded considerably.
What are Digital Payments Systems?
Digital payment is a way of payment which is made…
PRIMER III
Digital Platforms
Technology has revolutionized the go-to-market policy of modern firms. In the past, it has taken an average of 20 years for Fortune 500 firms to achieve a billion dollar valuation.Today’s digital start-ups will become Unicorns in about4 years, according to a new survey. New digital platforms are mainly responsible for this change. Some of the popular digital platforms are:
- Google — Content and Advertising
- Apple — Entertainment and Software
- Facebook — Social & Distribution
- Amazon — Commerce & Fulfillment
Major companies have seen the phenomenal growth of GAFA (Google, Amazon, Facebook, Apple) and other unicorns, native digital giants…
PRIMER II
Spread of Information, Communication Technologies (ICT)
The exponential proliferation of information and communication technology around the globe is the pillar of the digital economy. Countries that lead the world in generating emerging technologies and leveraging the full efficient capacity of their digital platforms will gain a strategic competitive edge.
The U.S. leads the globe in the area of technological advancement. The country’s strategic edge is thanks to its industry dynamism, strong economic foundations, financing mechanisms, and a vibrant environment of innovation.
A strategic competitive advantage can be achieved by countries that lead the world in generating new technology and exploiting their digital ecosystems’ maximum productive potential…
Emerging Mobile Technology 5G will change the way you learn
We have witnessed an extensive use of high-speed data thanks to 4G internet in last few years. With the emergence of fifth generation of mobile technology (5G), this would further enable the availability of higher bandwidth and higher speed. 5G technology would transform the digital landscape even more profusely than the 3G and 4G.
The next disruptive wave that could transform the whole host of industries and workplaces would be 5G.
In the 21st century, a revolution in information and communication technology (ICT) has contributed to immense advances in the educational technology (EdTech) as well. Today, the developments in EdTech…
