The most disruptive technology of this decades undoubtedly is the Internet of Things or IoT as its called in short. If you keep track of the technology you might have already noted that the hype has moved on from Internet, Cloud , Big data or mobility to something which encompasses all of these in one. The IoT is a buzz word for most and I would like to clear some air and put it in plain simple terms. Internet of Things revolves around increased machine-to-machine communication; it’s built on cloud computing and networks of data-gathering sensors; it’s mobile, virtual, and instantaneous connection; and it’s going to make everything in our lives from door bell to dog collar “smart.”
Unlike other technological trends in the recent past, IoT is not a single thing but a lot of things working together. What makes it even more interesting is that it touches the life of each and everyone without even them knowing and still using it. Microprocessors or intelligent chips have been a part of your everyday electronics but they had mostly been up to themselves and not communicating with each other. As the internet has increased its reach in the past decade and half it has become accessible to everyone and has become a part of the household now. People may argue that internet is not fully available to all in the remotest part of the world or even in countries like India only a fraction of this population has internet access. However things are changing with one another revolution which came a few years after internet. I am referring to the smartphone age which has made internet available in every individuals pocket. This change has made the internet itself mobile and available in the nooks and corners. The smartphone not only solves the connectivity part of the IoT but also acts as sensors for many applications. The smartphone is loaded with sensors which can now report back location, capture sound and video, identify if you are stationary, walking , riding a bike or on a vehicle. Cloud and Big data which seemed like a good to have thing has become a must have for enterprises. Enterprises who have been slow in adopting Cloud or mobility have now realized that in order to keep up with the trend and ride the IoT wave they have to have cloud and mobility.
IoT opens up infinite possibilities for enterprises to interact and engage with customers in a more customized way. While its still in the nascent state and a long way to go this one technology is going to be the one to watch out for the remaining of this decade.
The past decade was the time when Credit cards reached the masses and a lot of banks moved from the traditional on-premise banking to online banking and debit/credit cards. Almost a century old practice of using paper money was replaced overnight with credit cards and debit cards. People started actively using plastic money rather than the paper money. The wallet got shrunk for some time and people found it greatly helpful not to be carrying wads of money but were able to easily buy stuff without much fuss and not worrying about the need to have exact change. Of course there was security concerns on what if someone stole your card or the information and siphoned out your hard earned money. Cash transactions had become a thing of past and card money was in vogue. But the problem here again was people started accumulating cards from different banks and again the wallets now got crowded with half a dozen of credit/debit cards and again started swelling.
With the changes that we have seen as the decade started it has witnessed a total shift in technology with people adopting smartphones. Digital wallets are the new things. Some of the early ones like paypal seems to be a thing of past now. its more of Google wallet or apple pay or alipay the list is never ending. The same kind of rush to adopt a new form of money which was seen a decade ago is being witnessed now with banks now coming up with wallets. eCommerce which was once in its peak with www and y2k and had a sudden death is now seem to have a comeback. The death of eCommerce in the last decade was mostly due to factors like lack of internet reach and lack of awareness and social media now seems to be full of life.
The recent changes made by the Indian government to void high value currency like Rs.1000 and Rs.500 had people run to the ATM to exchange their cash in hand, however one more positive out of this dramatic change was movement of a large group of people to digital wallet. With the demonetization move and people left with no cash people have willingly/unwillingly adopted to digital wallets like Paytm, Statebank Buddy, Airtel money, Jio Money and other similar providers even for their day to day needs. Its really surprising to see small vendors like tea shops, vegetable vendors, street vendors accepting such mode of payments.
One major success factor of any such digital initiative is volume of transaction and users and one thing for sure is that India has got that. Being the second in number with respect to population.
We all know that Google is synonymous to search and “Google” is officially a verb in the Oxford English Dictionary. So what did we Indians actually “Google” in 2014.
Out of the most searched items two of the most prominent category on the top 5 is Train tickets related (IRCTC, PNR status) and Online shopping sites (Flipkart and Snapdeal). One exception to this list the SBI online being the largest government bank of India. Two things that are clear here are that we travel a lot and do a lot of online shopping also we use SBI online for the payments.
The next top 5 searched people has some surprising and some not so surprising names. We all would expect the favorite Prime minister Narendra Modi to feature here but didn’t expect it to be the second with Sunny leone on the top of the list. Surprised to see the name of Badshah khan missing here. Salman Khah here beats him here along with the leading ladies Katrina Kaif and Deepika Padukone.What this actually means is we Indians are interested in Politics, Porn, Bollywood, but wait are we not the cricket crazy people. Surprised to see Mahendra Singh Dhoni or Sachin Tendulkar missing here.
One would certainly expect Ragini MMS to be on the list of movies searched now that Sunny Leone tops the peoples list. Salman Starer Kick and Jai Ho had to be here too.. Happy New Year and Bang Bang too have been of some interest to people here.
No surprises in the Top 5 Bollywood Actor (Male) but one name in the Bollywood Actor (Female) category is somewhat the odd man out, or should I say odd woman out. I would never expect Aishwarya Rai Bachchan to feature here with no films this year.
The most searched tech devices too is somewhat a shocker Moto G, iPhone 6, Samsung Galaxy S5, Moto E, & Nokia X. Are you kidding me here. I would have expected Micromax, Xiomi here instead of the Moto’s and Nokia’s.