India’s Technological Contributions to the US Economy

The ICT and digital economy sectors contribute over 13% to India’s GDP. The two sectors are key drivers of India’s economy, and the country wants its ICT sector to grow to $1 trillion, or 20% of its GDP, by 2025. The National Association of Software and Services Companies (NASSCOM) reported that India’s tech industry is seeing record growth, with revenue rising from US$200 billion in 2020 to US$227 billion in 2021.

All subsectors of the technology industry, including IT and business process management, IT-enabled services, technology R&D, hardware, software, and e-commerce, posted double-digit growth in 2021. India imported its $2.4 billion worth of computers and electronics (NAICS code 334) from the US in 2021. According to Gartner, India’s IT spending is projected to grow 7% to $101.8 billion in 2022.

India’s IT Sector and the US Economy

In the United States, the Indian tech industry has played a vital role … Read more

Ensuring the Success of CPG Companies Through Best-in-Class TPx Solutions

CPGvision:

Every other industry is going through a technological transformation, and digitization has opened doors of opportunity for companies to enhance their operations, maximize their revenues, and reduce the unnecessary loss of resources. One industry that can strongly utilize the data insights gained from digitization is the consumer-packaged goods (CPG) industry.

The CPG companies need to stay active round the clock and 365 days to provide for the consumers’ needs. Due to the vibrant nature of the industry, they stand to gain the maximum benefits from the digitization of its operations in the coming days.

Investing in trade remains a top priority for consumer goods manufacturers. Well-organized TPx digital transformation programs can equip CPG companies with the right foundational pillars, capabilities, and plasticity to adapt, grow revenues, and protect trade margins even in times of uncertainty. COVID-19 has brought permanent changes to the marketplace, owing to which it has become … Read more

Why a U.S. Government Standard Can Help Protect IoT

The number of IoT devices in the field continues to increase, and many of them are becoming important parts of our critical infrastructure, such as electrical grids. However, as we’ve seen time and time again, botnets and other cyberattacks are also on the rise and are a very real threat to IoT devices and the services that depend on them. The good news is that the U.S. Government’s National Institute of Standards and Technology (NIST) has developed an IoT cybersecurity standard called NISTIR 8259A IoT Device Cybersecurity Capability Core Baseline, and it’s playing an important role in helping to keep IoT devices and services safe. As companies look to meet this NISTR 8259A, Implementing device authentication and data integrity are critical steps for compliance and, of course, securing IoT.

There are many threats and hacks to IoT devices, but the one I focus on is what are called botnets. Botnets … Read more

How to Use Business Transformation to create a better ‘People Culture’

An organizational culture based on ethical practices, meritocracy, and a shared sense of purpose is difficult to achieve, but when organizations undergo a business transformation, a healthy culture is often de-prioritized over processes and systems.

And while many specialists talk about the importance of having employees onboard with transformation projects, why isn’t it also exploited as an opportunity to improve company culture?

Generally speaking, transformation projects become a focal point when businesses re-evaluate their goals. They’re usually either triggered by external factors, substantial or abrupt shifts to the business model and how value is created, or a recognition that the business needs to evolve gradually over a significant period.

When companies undergo change, it is the perfect opportunity to improve or redefine the organizational culture or mindset. However, organizational culture is often not central to the change agenda.

Transformation as a Response to Business Crises

As a result of the … Read more

TSX in for Spill at Open

Futures tracking Canada’s main stock index fell more than 1% on Friday as investors retreated from riskier assets on worries about the impact of aggressive monetary policy tightening by central banks around the world.

The TSX Composite fell 181.86 points, or 1%, to close Thursday at 19,002.68.

Futures blundered 1.5% early Friday.

The Canadian dollar flopped 0.34 cents to 73.89 cents U.S.

In company news, Link Administration Holdings’ A$2.47-billion ($1.63-billion U.S.) proposed deal to be acquired by Canada’s Dye & Durham fell through after a local court denied approving the offer citing failure to meet key conditions.

On the economic slate, Statistics Canada reported retail trade decreased 2.5% to $61.3 billion in July, the first decline in seven months.

Sales were down in nine of 11 subsectors and were driven by lower sales at gasoline stations and clothing and clothing accessories stores.

ON BAYSTREET

The TSX Venture Exchange dropped 10.58 … Read more