The history of mobile commerce

Dear Friends, Mobile Commerce or M-Commerce has come a long way. In his light, I am attaching two articles in the history of mobile-commerce. Kindly read on: 1. Introduction to M-Commerce 2. Mobile Communications and Emerging Technologies I would like to thank Dr. Arpan Kar, DMS, IIT-Delhi for helping me to create the articles. Best Wishes for Diwali 2015, Anirban Kar

Mobile Solutions to Retail

Imagine this… You open your mobile/ handset/ PDA/ smart-phone and click on an application. The application allows you to connect to the central hub of the stores of a city, which allow mobile payments through gateways to be done, and with a select click you can have the retail products- be it perishable or non-perishable- within the specific time and date meant for delivery. The application connects through the central hub of all the stores that have new or important items stored in their inventory. Any new item that is stored in the inventory  pops up in the screen of…

A change in the retail space

An eco-system in the Retail Industry Let us consider a value proposition here. A consumer orders some items from a network connected retail shop through his hand held smartphone or PDA or gadget. The items gets stored in the wish list of the customer profile from the retail shop side, and the due delivery date is also stored. The persons from the shop deliver the goods at the designated place or home of the customer or the consumer in lieu of some charges. The money transacts through a pre-paid system of cash storing mechanism, linked to a part of the…

Haste makes Waste

Planning Vs. Execution, Or Philanthrophy Vs. Practice Do you feel that the idea of “each hand has one handset” sets an ambitious note for India? Do you feel that the idea generated for the BPL families having at least one handset was good but fell short of the required planning? Read on! Here is some food for thought supporting or refuting this noble idea- A telecommunication via handset is the most imperative thing for penetration among the masses and definitely indicates the development index of a country. But the ambition should be limited to an extent where it can be…

M-Wallet

Welcome to the future. Starting from now, we will pilot through the next 10-15 years. Be a part of it. Have you heard the concept of e-money? Let me tell you what it is. Imagine this situation. You are using a mobile service that allows you to carry cash in the mobile, allowing you to pay your bills through a secured transaction and through your hand held device, which even if displaced, the money remains with you. This is the future we are talking about. This is e-money[1]? Imagine this; someone refills a coupon worth Rs. 111, from a local…

2-3-5

When the economy is booming in India, the attrition rate of some companies especially in the IT services sector touched more than 15%. What could be the quantitative matrix, to generate a schema for curbing the attrition rate? The answer could be in the schema of analytics. Let us assume that the maximum attrition happens around 2 years time frame around 40%, around 3 years around 25%, around 5 years around 15%, and the rest 8-20 year group as 20%. So it dips and then goes up in terms of numbers. The question is which sector we should target to…

Simple ROI frame work for an IT architecture

Advantages of an IT architecture and its ROI calculations ROI Framework of an IT architecture From the given advantages, the increased profitability network can be mapped as shown. Profitability can be increased in two ways: increase in revenue and decrease in costs. IT architecture allows new revenues to be created as well as protect the existing revenues by reducing the processing time. Decreases in the costs are maintained by reduced integration and increased reuse. The cost structure for an implementation is as follows. The costs associated for an IT Road map are mainly implementation, maintenance, operational, enhancement and contingency Costs….

The Rise and Fall of the Moghuls

The Rise and fall of IT Services Companies “Unto dust we shall return” … We begin from dust and to dust we return. It started off well in early 2000s when I was in my undergrad when a company announced 1000 stock options worth 8 lakhs that time for every person invited to join the company. The same company is under tremendous pressure (as quoted in certain areas) to address its attrition rates, after its controversial HR policies in the making. Known as one of the pioneers of the industry, this brings us to a question of maturity cycle of…

Outsourcing – I

This is the matrix for outsourcing. Outsourcing Strategies for the applications: The rationale to choose Little did the world envisioned outsourcing as an option when IBM in the 1970s was setting up IT bases in India for an infrastructure development. Today, it is an all prevailing in the flat world independent of the IT industry also, be it infrastructure, telecommunication, or even medical health care industry. Making a decision to outsource or to build something in house is always a tough one to do. This decision is based on cost factors, organization goals, and adeptness of a resource to name…