Posts

Demystifying Cyber Security

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To start of with, what is cyber security? Cybersecurity is the practice of protecting internet-connected systems such as hardware, software and data from cyber threats. It's used by individuals and enterprises to protect against unauthorized access to data centers and other computerized systems. The digital threat landscape is numerous, disruptive with innovation, competing technologies, choices, alternatives, active and hence fast paced and unpredictable, and requires a cohesive approach which cannot simply depend on human effort alone to detect, isolate, and action for threat elimination. Comprehensive deployment of effective software tools (including AI and ML driven) are to be effectively capitalized to simplify the detection and actioning in real-time. Human intervention is sought on specific functions which requires further analysis to formulate the course of action which are beyond the capabilities of the tools deployed. Key Functions of Cyber Security on the digital platfor...

The Context For eCommerce

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Present Context There is no foreseeable control or ending to the raging global pandemic. This is driving the need and realization for online fulfillment and convenience. As the COVID-19 pandemic reshapes our world, more consumers have begun shopping online in greater numbers and frequency. According to new data from IBM’s U.S. Retail Index, the pandemic has accelerated the shift away from physical stores to digital shopping by roughly five years. In the first six months of the year, consumers spent $347.26 billion online with U.S. retailers, up 30.1% from $266.84 billion for the same period in 2019, according to the latest Digital Commerce 360 analysis of U.S. Department of Commerce data. Comparatively, eCommerce sales during the first half of 2019 grew just 12.7% year over year. Department stores, as a result, are seeing significant declines. In the first quarter of 2020, department store sales and those from other “non-essential” retailers declined by 25%. This grew to a 75% decline ...

Divergent Perspectives - Internet/eCommerce Statistics

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The internet serves as an unparalleled global connector, offering boundless opportunities for those who are bold, brave, and creative. Consider the staggering statistics: Key Figures Global Population: 8.1 Billion Mobile Users: 6.3 Billion (68%) Internet Users: 5.3 Billion (66%) Social Media Users: 4.9 Billion (60%) Detailed Insights The average person spends 6 hours and 30 minutes online daily. There are approximately 1.7 billion websites worldwide. Global eCommerce generates $4.2 trillion in revenue. Predictions suggested 2.05 billion digital buyers worldwide by 2020. Convenience is the primary reason for online shopping, cited by 81% of consumers. 81% of shoppers conduct online research before making a purchase. Consumer trust leans heavily towards recommendations from friends and family (81%). 65% of shoppers compare prices on mobile devices while in physical stores. Poor customer experiences lead 80% of people to cease business with a company. Easy accessibility to company represe...

IOT - The Next Frontier Of Online Expansion

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The mobile is taking the Internet accessibility to the remaining frontiers of the global population. Initiatives such as Tesla's Star-link project aims for global accessibility of high-speed internet at affordable rates. Cloud based computing is making it possible for ubiquitous real-time computing capability. The next phase of the internet expansion is now being driven to bring on board all equipment, devices, etc. for greater interaction, integration and experience through iOT enablement. By 2025, it is estimated that there will be more than to 21 billion IoT devices. This makes it possible for the ability to manage, track, integrate and interact at a more cohesive and holistic manner. Brings about unprecedented capabilities and possibilities for the world at large. These are all made possible through supporting technologies which includes voice enablement, AI, Big Date, VR, AR, etc.           By PragICTS Expediting Business Outcomes   https://pragicts.c...

Voice - The Next Phase Of Digital Interaction

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All major players are into it and also with many solutions. However, these are still at its infancy and are set to become mainstream in the days ahead. Voice will provide that next level of ease of interaction with Digital. While this will not replace the existing methods but will for sure carve out a significant share of human to digital interactions and will also extend to Digital to Digital Interactions. The possibilities of Digital to Digital interactions over voice will also loosen up the rigid coding level integration to a more extensible speech related models. Voice will enable a whole new world of possibilities. For example * A CEO can just simply ask for the yesterday's sales and revenue figures while on holiday on a beachfront enjoying a cup of tea. * An HR manager can simply ask who is absent to work or on leave while driving his way to the office Voice is set to dominate the enterprise as a key mechanism to interact with their digital assets for effective and ...

'H' - The Hyped Part of HRM / HCM

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While there has been notable progress in Human Resource Management (HRM) over recent decades, there remains a pervasive sense of unmet potential. HRM has often been entangled in public relations and marketing endeavors rather than earnestly considering how to strike a harmonious balance between the needs of employees and employers. The Dilemma: Employers prioritize extracting maximum output at minimal cost. Employees seek maximum rewards with minimal exertion. Though seemingly contradictory, deeper reflection reveals a nuanced line that warrants greater exploration. Perhaps the starting point lies in empathetically considering each party's perspective. Genuine empathy is paramount. A guiding principle to remember is that "Life is not just about work, and work is not just about life." The goal is sustained productivity and well-being while honoring this premise. Constructive measures such as strategic planning, training, automation, standardized processes, appropriate tool...

Open Source Or Commercial Software ?

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The debate between open-source and commercial software is nuanced, with both options presenting their own advantages and drawbacks. Each has its own user base, deployments, and dedicated supporters, showcasing their respective strengths. Ultimately, the effectiveness of either depends on the specific context in which they're being considered. Neither option holds inherent superiority over the other; their suitability varies based on individual needs. When making a decision, key factors to consider include: Cost implications Availability of skilled personnel Ease of implementation and mastery Compatibility for integration and scalability Platform compatibility and interoperability It's crucial to approach the decision-making process objectively, avoiding being swayed by hype or one-sided marketing. Ultimately, the goal is to make an informed decision based on clear facts and considerations.           By PragICTS Expediting Business Outcomes   https://pragict...