Where are you seeing the impact of technology trends in business lately???

Here I Would like to emphasize more on how people are spending money buying all these virtual stuff. Business adapting models around social media are becoming immensely popular. These firms take advantage of a huge social media population and engage these consumers into adopting almost a different life virtually. They typically build products to be sold online or sometimes a platform to sustain their business. Second life is a good example of how businesses are utilizing this latest trend. Or the GoJiyo.com....they both are similar...

Heard of cloud computing? I bet many of you will be actually sick of hearing it now! I am pretty sure going on cloud helps a lot of small and big companies not only in terms of reduced infrastructural requirements (which in turn means cost savings!) but also the way companies redesign their strategies around it.

Amazon, for example, is already big on providing cloud computing through its EC2 web services. Microsoft has also jumped on the bandwagon with its Online Office services. So there are a lot of interesting things happening which would change the way business was done traditionally.  Do watch out for Google’s Chrome OS aka “GDrive” aka cloud operating system

Many diseases can be detected by technologically observing the individual as he goes on in his daily life.  What is lacking is the right type of equipment and widespread presence of such technology and equipment.  Pooling in vast volumes of data is also an issue.  I have definite plans of utilisation of technology in this direction, so that at least 50% of the world's population is covered... Some at individual cost and some other at partial or full subsidisation from government and other developmental agencies.

A much needed and less evolved technology trend especially in Indian perspective. We desperately need business offering innovative mobile payments for our rural and a portion of urban population as well. Mobile payment also solves the problem of online fraud and credit card issues many of us face.

With Internet penetration not growing at expected pace, small and medium businesses will improve their value chain by integrating mobile payment systems in years to come.

If you are talking about technology available to consumers directly, I have noticed a lot of change in the way commerce is happening of late.

• I do almost all my banking and bill payments on my mobile phone. That saves around 5 to 10 hours of time per month if I consider doing those transactions the traditional way.

• Shopping online is yet to catchup in a big way in India but I see that as the way forward.

• Social networking is the buzzword of the day. There is a lot of potential for consumer goods and services companies to leverage the large user base. Add to it the user information available with the social networking sites, it becomes all the more easy to target  specific consumer groups.

As a summary, I'd say technology is certainly improving the speed and convenience at which business is being done but at the same time, only those businesses that use high technology and also maintain great regard for service quality and accountability grow.

The Business and Technology convergence and re-engineering has created newer languages, application of business logic into webs, online transaction processing and representation of data into transfer-structured format facilitating easy filling of different online forms.

Mobile banking and carrying virtual cash through e-purse is the latest i think This also changes the very nature of banking as the money can be drawn, used and accounted updated with out much manual interferance. This Initiative definitely uses cutting edge mobile technology integrated on to banking systems. Any other views on this please 

The trend in upward growth in Industry& Economy will, certainly, reflect a positive manifold-increase, in Communications in all respects such as telecommunication, aerospace , land transportations, IT communications such as on-line, mobile,social networks etc. Impact of these Industry is inescapable.