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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…


“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”.

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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…


Making Covid-19 vaccine available at scale

Over the past fortnight, there has been a buzz by at least three of the candidate companies about the satisfactory completion of phase III trials of Covid-19 vaccine. Both Pfizer and Moderna have announced that their vaccines are more than 90% effective. These companies already sought permission that the drug regulators (in the U.S. as well as in Europe) to authorize emergency use of their respective vaccines. Astra Zeneca is also crossed the finishing line. They confirm that their vaccine was potentially about 70% successful.

Photo Credit: Google Image

The Astra Zeneca vaccine seems to be better bet for India not only because it…


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This is the first part of a multipart series on Digital Economics which will unfold over next few months

Primer I

The world as we know it is continually changing, and one of the fundamental drivers is digital transformation. As its core, digital transformation is not about internet ‘unicorns’. It is about using the latest technology to do what you already do — but better. Digital Economy is the economic activity that results from billions of everyday online connections among people, businesses, devices, data and processes. …

Parag Diwan

A noted academic leader, is at the vanguard of research and curriculum design across disciplines to usher in Education.40. Evangelist & Advisor to universities

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