E-commerce Trends

Consider a simple problem of tracking medicines in a pharmaceutical plant. The inability of tracking what medicine came from which batch can be a significant gap in an audit trail. To link entry on the Blockchain to the original batch a digital tag is needed on the batch and medication. However, this becomes a complex issue when tracking livestock. At that point, we may be considering using a physical tag on the livestock. Blockchain provides a reliable way of creating permanent and verifiable records, but it lacks the process to ensure connectivity between real-world and digital world entities are permanent and verifiable in all cases. At the intersection between Real and Digital worlds, data along with human intervention plays a key role. Smart data allows for solving some parts of last mile issue as seen in Blockchain scenarios.

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Blockchain technology provides an immutable, digital audit trail of transactions, and can be used to verify the integrity of data at low price points. It enables entities to agree, on a global scale, about the true state of affairs within a market without relying on an intermediary. This audit trail is achieved through a clever combination of incentives and cryptography and ensures that at any point in time, digital records reflect the real “consensus” among the key stakeholders involved. It removes the necessity for a central authority to verify and maintain the records of transactions and nullifies the need for trust between players when sharing digital records. At the intersection between Real and Digital worlds, data along with human intervention plays a key role.  Smart data  allows for solving some parts of last mile issue as seen in  Blockchain  scenarios. As illustrated by “David Siegel – CEO of the  Pillar project”  It follows six principle...

Opportunity An enterprise asset is a subject ‘owned’ by a company. Assets can be physical – tangible – or non-physical – intangible. Physical assets include, for instance: transportation, IT, technical and manufacturing equipment, buildings, infrastructure, network, and smart devices. Non-physical assets can consist of intellectual property (IP), capital, software, or digital assets. The enterprise asset management [EAM] is moving at a fast pace, but there are many industry sectors such as oil and gas, chemicals, mining, pharmaceuticals there is an elongated time to adopt these solutions, and they tend to move slow. For asset-intensive industries, profitability and growth depend on how efficiently assets are employed—including minimizing downtime, maximizing availability, and managing changeovers.  The top few challenges in EAM are – Asset transparency of relevant information, ready to be consumed financial and transactional information, real-time shipping and other logistic ...

Let’s face it – the process of selecting the right technology to address next-generation solutions like  enterprise mobility, BYOD or big data , is exciting for sure but also implies undertaking a massive research project. Researching the optimum solution needs to be strategic to one’s organizational requirements as well as very tactical to ensure faster adoption right from the beginning. It is required, by design, that the technology stack of choice not only solves the current pain point but can also be scalable. It is not uncommon in this research project for the core team members to sweat the small stuff and find themselves as victims of what we call “the whiteboard effect. It essentially means that the team spends a vast amount of time, going in spirals and over-analyzing the problem, before drawing that first line on a clean board. Interestingly, there are boatloads of vendors, and counting, in the market today. There is also an immense amount of marketing data and stati...

E-Commerce is a necessity and not a luxury anymore. With widely available and easy to use SaaS platforms, it has become convenient to set up an  E-commerce  business. According to a 2017  survey report , 48% of people brought their groceries online, and 11% did all of their food shopping through an internet-capable device. Some studies suggest that 95% of purchases will be made online by 2040; e-commerce is opening the doors of opportunity to countless entrepreneurs. For the business that has already started on its E-Commerce journey, there is always a consumer demand for more. In this article, we will discuss a few emerging  AI in E-Commerce  trends to look out for. With so many options and technology enhancements, each business can continue to chose what works best for its market and customers. Chatbots Voice Search Personalization and Localization Omni-Channel Marketing Augmented Reality Mobile Wallets It is very important first to understand the ...