" DIGITILISATION " Of The Payment Is A " BRILLIANT " Move, But The Flow Of Old Currency System Is A " MUST "

 

Pic - :: The world has changed as exactly like the coins have changed and that which has made the money changed 

DIGITILISATION Of The Payment Is A BRILLIANT  Move, But The Flow Of Old Currency System Is A  MUST 

What is digitilisation one might ask. What has it to do with the present circumstances of the business and again, is it related and has something to do with the Management , that again is a  MILLION DOLLAR question. These actually is to be understood in  this article .

Let us start from the question and that is  WHAT IS DIGITILISATION Let us know and make an attempt to know this ? .

What is the meaning of Digital India?

The vision of the Government of India to transform the country into a digitally empowered one by providing easy access to digital resources and digital knowledge is termed Digital India.

In this modern world where the technology eepson changing per second and the most new invented technology immediately become stale , as the newer one comes in to the market – digitalization actually has taken the control of maintain and running the business to put the nation and its people to be exactly on the place to make the business simplier and easier,

Mostly digitilisation , helps is making the process , easy and flexible to suit everybody to move ahead very fast in the job, or the task , that they are engaged with.

 The World Has Changed :: Digitilisation has helped oit change

The world today is not in any way similar to the kind of world it was six to eight decades ago. Earlier, nobody knew what to do with a cell phone, a laptop or an internet connection. Today, on the contrary, from every kid to every adult, everyone knows that they can survive any situation if they have a good cell phone and a stable internet connection. The process of digitization has been on the go for many years now, focusing on building a completely digital future world. This article on Digital India will rivet on the emergence and significance of digital transformation around the world, especially in India.

We shall , one by one, learn and make an attempt to study the entire process of digitilisation , its emergence, and the manner it is shaping the country and its people to adapt themselves to the changing needs of the day and making using of the digital instruments to make their life better and safe , strong to make themselves  very eligible to make a resounding business out of the digitalization.


Pic - ::The Various Types Of " COINS" That Has Served the Mankind All through The"AGES "  This has been now repalced by the use of  " DIGITAL " peyments 

The Advent of Digitization :: Compters made the entry to open out for Digitalisation

The beginning of digitization can be said to date back to the time when computers first came into existence. It has been evolving since then, and it has now transformed almost everything human beings are associated with, including the way we communicate, shop, work, bank, play, relax and keep ourselves entertained.

The era of digital transformation started moving forward with the introduction of magnetic disks and random access data by IBM. It was used in the United Airlines’ reservation system for the first time in 1958. This was followed by back to back advancements like,

  • The American Airlines’ Sabre Flight reservation system in 1960
  • Use of Machine-Readable Cataloguing records in US libraries in 1968
  • Launch of Project Gutenberg to aid the making of electronically available copyright-free work for everyone in 1971
  • COSMOS (Customers, Operations and Services Master Online System) by FedEx in 1979
  • Launch of the commercial automated cellular network (1G) for the first time in Japan in 1979
  • The first e-commerce transaction ever for a large pizza from Pizza Hut in 1994 and so on.

DIGITALISATION :: THE WORKING CONDITION ALTERED AND REDEFINED

Since the dawn of digital technology, every industry has altered and redefined its working conditions, consumer expectations, economic paradigms and business models.  Industries actually were investing a lot to bring about a complete change to lay their business in such a fast menner that the returns of the money invested become fast and reliable in terms of having and expanding their share of the customer. That infact was the actual motive of this newly advented technology in the business.

People all around the world have now become accustomed to the new trend of digitised living. This has been putting a lot of pressure on world governments to find out ways to continuously invest in quality digital connectivity and infrastructure. Though, mind wrecking in one way , yet MIND BOGGLING in another .At the end of the day what actually is needed is BUSINESS, RETURNS , CASH AND ITS SATISFACTION  in terms of UTILITY  if spent for a particular purpose which could relate the utility obtained , This is what the digitalization aimed for, and this is about what is brought out for.

When did digitalization begin?

Digitalization began in the late 1950s with the dawn of computers. It is the process of converting every technology that is mechanical and analogue to digital. It includes digital record keeping, digital payments and transactions, digital applications, etc

Going Digital ::  “ CUTTING EDGE ” ALWAYS FOR THE CUSTOMER AND THEIR DELIGHT

Scientists and researchers have been working hard to provide consumers with advanced and improved digital technology every now and then. As discussed earlier, the digital revolution commenced in the latter half of the twentieth century and has been evolving and always becoming better. It definitely has proved to be  “ CUTTING EDGE ”  and it has completely swept the world by making the things  EASIER , BETTER AND SMARTER. So much of the place that it has taken that of late , the people are just NOTHING without it and without being themselves inclined to the tools of the digitalization. The global connectivity actually has reached to a  DIZZY height, just because of digitalization.

‘ With major goals like financial inclusion, access to trade and commerce and enhancing connectivity, the digital revolution has always taken a step forward with every new invention as it provided the world with nothing but the best every single time.

The whole world has now become completely dependent on digital technology to the extent that every industry, irrespective of the kind of service they provide, has shifted to using digital systems to work with. It is evident that digital technology is not a choice anymore but an integral and fundamental part of every organisation. There is a growing and inevitable need for digitalization across different fields. Even when you go in for an interview, there is one main prerequisite that is expected of you – are you tech-savvy?

Digital India ::  DEFINITELY THE “ ACES ” BUT THE OLD SYSTEM TOO HAS TO BE KEPT TO RUN PARALLEL

Pic - :: The at present representation of the main functions of Digital India 

Being a developing country amidst the various other developed countries of the world, India has been striving hard to keep up with the fast pace growth of the world around it. Digital India is an initiative taken by the Government of India , under the  present  Prime Minister, Mr Narendra Modi , has always aimed at, and has been ,with a vision to make India a country that is digitally empowered with improved online infrastructure.

It was established by Prime Minister Narendra Modi on the 1st of July, 2015, with the aim of providing high-speed internet network access to rural areas and improving their digital literacy. Its main objectives are to work on digital empowerment, governance and services and accessibility of digital infrastructure for each and every citizen.

Good it has been , with the success making it one to believe that THIS IS THE CHOICE NEEDED. However let it also be mentioned here that India is a country with about 65 crores of people who are over sixty five years of age and they are NOT accustomed at all to use the modern technology. As a result many who are surviving find some of the recently implemented forms of digitalization very AWKWARD  for them. This especially bugs them when they go out to shops and when the moment comes to payment, they find it very hard to use the modern form of payment making, thus finding it hard to get over the situation. Hence a system of the old method of payment which involves the cash transaction, too, ought to be maintained and kept in the place, proper.

Managed by a Monitoring Committee headed by the Prime Minister of India, a Digital India Advisory Group under the leadership of the Minister of Communications and IT, and an Apex Committee led by Cabinet Secretary, the Digital India campaign has completed six years of innovative ideas and practical solutions that have been transforming the nation as a whole. It has been working to provide opportunities for all citizens to be able to avail digital services, governance, knowledge and information.

How does Digital India help students?, how are the " NINE - PILLARS " helping India 

“ SWAYAM ” is one of the multiple initiatives of the Digital India programme that aids teachers and students with the best teaching and learning resources. There are many platforms of digitalization which is helping the students, right from accessing the same for choosing their place of studies, the courses that they are interested in, to the extent of finding the tools to move forward to place themselves at the correct places for their studies, and then th jobs that they would like to do and study.

Pic - The Nine Pillars Of Digital India :: It Is A Tremendous Initiative Of Mr Narendra Modi The Present Prime Minister Of India 

There have been a lot of advancements as part of the Digital India Programme that has changed the country to a great extent. Some major milestones of Digital India are:

  • Aadhaar Cards – a biometric-based digital identification system
  • Smart Cities Mission – urban renewal and development of cities
  • Government e-Marketplace (GeM) – a one-stop e-market for procurement of common use goods and services
  • BharatNet – an initiative to provide broadband connections to each and every village panchayat in the country
  • Bharat Interface for Money (BHIM) App – an app that lets everyone make simple and quick transactions with the aid of Unified Payments Interface (UPI)
  • Study Webs of Active Learning for Young Aspiring Minds (SWAYAM) – an application that delivers access to the best teaching and learning resources to all teachers and students, irrespective of their social and economic status
  • myGov – an online platform set up with the view to build a partnership between the citizens and the Government of India

The Digital India campaign has been receiving worldwide acclaim and support. To quote a few, Mark Zuckerberg’s promise to work on Wi-Fi hotspots in all the rural areas of India, Google’s commitment to provide broadband connections in five hundred railway stations and Microsoft’s agreement to provide internet connectivity to five hundred thousand villages of India are some of the much appreciable backings we have received in order to make the dream of digitization of India come true.

Digital Transformation – A Blessing or A Curse?

Digital transformation has reached the ends of almost every human activity. From waking up in the morning, eating, working, relaxing to staying fit and healthy, everything has been digitised and made available. In a way, digital transformation has made life easier by helping us keep track of our body movements, eating and drinking habits. It has also made communication quick and simple. There are applications with the motive to never let us go hungry. All one needs is a good internet connection, the downloaded application, location and money to get food delivered at your doorsteps no matter which part of the country you are in.

The WONDERFUL Use Of Digitalisation In The Industries - ::

Digital transformation has helped small scale and large scale businesses thrive by continuously keeping them on demand. It has also increased the efficiency of employees by creating ways to promote productivity and reliability. It has also made remote working conditions possible and comfortable.

However, there are some risks involved in this process. Though the whole idea of digital transformation is to help everyone equip themselves with access to the digital world, there are a lot of security and privacy issues that might come up as a result of data breaches and identity theft.

It creates a shortage of skilled labourers in the fields of work that are based on digital technology. There are many other problems related to complete data loss and unsupervised expenditures, as online payments have made transactions a lot easier. Entertainment applications have increased screen hours and are likely to cause health problems.

To debate on digital transformation being a blessing or a curse would be an endless process.   

The aim of digital transformation and Digital India is only for the greater good of all human beings..

The only aspect that every individual and ruling authorities have to take care of is that there is social and economic independence and security

In my own way , and in my own manner, I have cited one example of the population over sixty and the ones who are aged between sixty to above, are at times, handicapped to put themselves in the drivers  seats , as they are ignorant to use the digital aids and the tools.

That Is It and that speaks all about it 

.Regards and Thanks
Pics



Mr Shyamal Bhattacharjee, the author was born at West Chirimiri Colliery at District Surguja, Chattisgarh on July 6th 1959 He received his early education at Carmel Convent School Bishrampur and later at Christ Church Boys' Higher Secondary School at Jabalpur. He later joined Hislop College at Nagpur and completed his graduation in Science and he also added a degree in  B A thereafter. He joined the HITAVADA, a leading dailies of Central India at Nagpur as a   Sub-Editor ( Sports ) but gave up to complete his MBA in 1984 He thereafter added a Diploma In Export Management. He has authored SIX  books namely Notable Quotes and Noble Thought published by Pustak Mahal in 2001 Indian Cricket : Faces That Changed It  published by Manas Publications in 2009 and Essential Of Office Management published by NBCA, Kolkatta  in 2012, GOLDEN QUOTES on INSPIRATION , SORROW , PEACE and LIFE published by B.F.C Publications, Lucknow, , and QUOTES:: Evolution and Origin of Management Electives by Clever Fox Publishing, Chennai ,From Dhyan To Dhan :: Indian Hockey - Sudden Death Or Extra Time published by   BOOKS CLINIC  Publishing House , Bilaspur , Chattisgarh and his FIRST book on Hindi poem, which reads as  " BHED HAI GEHRA - BAAT JARA SI  published by Books Clinics , Bilaspur , Chhattisgarh. He has a experience of about 35 years in Marketing , and Business Analytics .


Signature Of Shyamal Bhattacharjee

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