How IoT is re-evaluating the Gaming Industry

Since the days of playing Pong in your best friend’s living room, the gaming industry has gone a long way. Virtual reality, augmented reality, redesigned graphics, and a focus on storyline have made today’s games more immersive and entertaining than ever before. Like software development in general, the IoT is one of the most recent advancements to propel the game industry forward.

The IoT(Internet of Things) has been a significant boost in the gaming industry’s massive success by enabling fantastic streaming of free-to-play mobile games available on the market. In the past few years, the Internet of Things has genuinely re-evaluated the gaming industry. Developers are also considering building or inventing devices and software that rely on the internet to provide a completely new gaming experience.

What is IoT?

The IoT is a network of interconnected mechanical and digital machines, computing devices, animals, objects, or people with unique identifiers and the ability to transfer data over a network without the need for human-to-human or human-to-computer interaction.

The internet of things is a term that describes how the internet connects all devices that have a computer chip within. It usually has to do with how a smartphone connects to and communicates with other devices, such as a home computer, a personal vehicle, or a smartwatch. When something is linked to the internet, it can either send or receive data. This ability to send and receive data makes things more innovative and more intelligent is better.

IoT is mainly comprised of the following:

  • Sensors that gather and transmit data.
  • Computers that receive and process data.
  • Things that fulfill both functions.

IoT and Games

IoT has benefited gaming by allowing smart devices and consoles to be used by gamers, players, and streamers. Though games were available in the past, they were not well-known because mobile phones lacked features that prevented people from enjoying the fun gaming mode.

Nowadays, smartphones are equipped with cutting-edge software and hardware, allowing developers to create gaming experiences that are both enhanced and smooth. IoT has accelerated such developments on mobile devices, combining different features such as sensors, microphones, and accelerometers, among others, with gaming modes for more enjoyable gameplay. Moreover, the combination of games and IoT has provided gamers with an unexpected connection with the gaming as if they are in reality with the game’s narrative.

The increased use of smartphones has greatly accelerated the growth of IoT. Accelerometers sensors, touch and pressure sensors, cameras, and heart rate monitors are among the hardware and software features found in smartphones and tablets. Mobile applications can use all of these to report and collect data on user experience. For example, gaming platforms will learn how customers interact with online games by analysing and tracking the correct data.

Another advantage of mobile gaming’s growing popularity is that it makes gaming more accessible to people of all backgrounds. However, gaming consoles can be costly and are frequently regarded as luxury items in many households. On the other hand, smartphones come in various price points and are considered a necessity regardless of income.

In the last ten years, video gaming has undergone massive change and overhaul. While desktop devices and consoles continue to be extremely popular, the mobile gaming industry has seen the most growth, thanks mainly to the continuous flow of free games released to the market.

Conclusion

Many businesses, including the gaming industry, stand to benefit from the Internet of Things. Every year growing faster, the sector forces companies to seek out new ways to differentiate themselves. As a result, the entire market will alter forever if IoT is implemented in video games.

Today, the reality is that IoT offers unlimited potential in the gaming industry. However, as more devices connect to the internet of everything, the potential effects on people’s daily lives remain debatable due to issues ranging from security concerns to logistical implementation.

IoT in the gaming industry has enabled game developers, designers, and manufacturers to leverage the advanced software and hardware available in smartphones to create many IoT gaming projects, market them to a larger audience, and improve their gaming experience.

The Future of 5G in India

Information technology and communication technologies are critical components of how our society functions today. The telecommunications industry has evolved into the backbone of today’s digital world, allowing businesses, governments, social structures, and individuals to connect and share information readily.

The telecommunications sector offers both wired and wireless methods for connecting individuals to equipment for peer-to-peer and internet communication. The wireless system has progressed along several evolutionary paths with a common goal in mind: improved performance and efficiency in the mobile environment. Radio access, data rates, bandwidth, and switching algorithms all play a role in advancing wireless and cellular networks. In addition, new technological research and development give the telecommunications sector new directions.

India is launching a 5G wireless service soon. According to a survey by Swedish telecom equipment maker Ericsson, India, which has the highest average monthly mobile data traffic per smartphone, is anticipated to surpass 350 million 5G subscriptions by 2026.

Because people relied on mobile networks to stay connected and work from home during the pandemic, India now has the world’s highest average traffic per smartphone. In addition, monthly usage growth in India is on the rise because of low mobile broadband services, affordable smartphones, and individuals spending more time online.

Mobility Report, 2020

From 2021-2027, the global 5G services market is predicted to develop at a compound annual growth rate (CAGR) of 43.9 per cent, reaching USD 41.48 billion. Between 2021 and 20231, 5G wireless mobile services, which provide a digitally connected environment to consumers through various use cases and business models, are expected to be commercialized.

According to the estimate, by 2026, four out of every ten mobile subscriptions will be 5G, with 3.5 billion 5G subscriptions expected globally. LTE (long-term evolution technology) subscribers in India are expected to grow from 710 million in 2020 to 820 million in 2026 when 3G is phased out. LTE will continue to be the most popular technology in 2020, accounting for 63 per cent of all connections. India might be having its first 5G connection in 2021, according to the reported timeframe for spectrum auction for 5G services.

5G in India

This year, 5G has been a popular topic of conversation, with telecom giants Jio and Airtel declaring plans for 5G in India. According to recent sources, the 5G network will not require a new SIM card, and the transition to 5G will be unlike previous cellular generation upgrades. “5G wireless technology is supposed to give faster multi-Gbps peak data speeds, ultra-low latency, improved reliability, huge network capacity, increased availability, and a more uniform user experience to a larger number of users,” according to Qualcomm.

5G – FUTURE OPPORTUNITIES

The 5G technology’s faster data speeds and extremely low latency will improve the user experience when using 5G services for various purposes. This includes Virtual Reality (VR) and Augmented Reality (AR) gaming, seamless video calling, Ultra-high Definition (UHD) films, and intelligent device services. Over the predicted time frame, most software companies are forecasting a rising demand for high-speed data for smart services and other connected devices is likely to boost the adoption of 5G networks. Furthermore, the growing importance of 5G system deployment providers in forming connections with telephone companies is projected to accelerate the adoption of 5G services.

Experts in the telecommunications industry predicted exponential growth in mobile users, smart home appliances, smart health care systems, smart transportation, machine-to-machine interactions, smart vehicles, smart sensors, smart tools, and other connected devices, which will result in increased data traffic. As a result, innovators are developing 5th generation (5G) cellular technologies to fulfil the needs of next-generation wireless devices. As a result of these developments, the pace of software development will be rapid too.

For the 5G wireless technology that can be allowed with the new emerging technologies, ultra-high bandwidth is essential along with 1000 times larger capacity, ultra-high data date, zero latency, high-speed mobility, and high energy optimization. 5G is technologically superior to earlier wireless technologies in the following ways:

  • Super speed, i.e., 1 to 10 Gbps
  • Latency will be one millisecond
  • 500Mhz to 1-2 GHz
  • Feasibility to connect 10 to 100 numbers of devices
  • Worldwide coverage
  • About 95% reductions in network energy usage
  • Much longer Battery life
  • The whole world will be in a Wi-Fi zone

So, what are your ideas on how to leverage the true potential of 5G in India? If you liked this article, feel free to share it with your friends who are interesting in emerging technologies and the endless possibilities associated with those!

Why Every Organization need Robotic Process Automation.

Organizations are increasingly incorporating automation in their workflows and processes to enhance operational efficiency and fuel business excellence. From virtual agents, customer self-service applications to automated processes and novel solutions leveraging new-age AI technology, automation is penetrating various operations. Predictions 2018: Automation Alters The Global Workforce, a recent Forrester Research report, showed that automation would help organizations establish market dominance in their respective industries.

Several tasks such as streamlining different processes, workflows, and tasks, are at the heart of automation. One of the types of automation that are gaining wide popularity and proving to be highly resourceful for organizations is robotic process automation (RPA). It presents a very efficient and robust solution for repetitive tasks and companies facing different transitions.

The development and disruption caused by various technological advancements result in digitization and automation of various processes. Companies especially need to be agile in development and customer support activities to get a competitive edge. Robotic process automation (RPA) allows organizations to boost efficiency in different operations, ensure seamless management, and create cost-efficiency.

Let’s take a look at what RPA is and why it should be the next thing to be on the agenda of organizations that are not using it.

Robotic Process Automation: The Digital Workforce of Tomorrow

A software-based solution can carry out procedures, processes, or repetitive tasks, precisely the motive of robotic process automation. The software solution involves software combined with machine learning and AI rather than using physical robots to automate routine and manual data-intensive tasks. In addition, the RPA technology is also progressing into more value-adding creativities with the evolution of cognitive computing and artificial intelligence.

The “bots,” or non-invasive software robots created under RPA, work in a line of certain rules that they are programmed with by the developers. Thus, they run rule-based processes with unmatchable accuracy and efficiency, having a lesser scope of manual error. What sets RPA apart from traditional automation is its flexibility and adaptability to understand and adapt to changing conditions and exceptions. RPA can use data, trigger response, start new actions, and interact with other systems when prepared to capture and understand the workflow of certain processes in the software application.

RPA is also significantly flexible with back-office technologies or strategic processes and doesn’t require you to make extreme changes in them. The RPA process is also extremely compatible and can connect their systems even if they use various technological systems and have a multi-location presence. With all of these benefits, we know that RPA is a minimal risk and cost-effective solution for process automation and optimization with promising results.

7 Compelling Reasons to Employ Robotic Process Automation

You might still be unsure about employing RPA at your organization. The list of advantages that RPA provides doesn’t end with what we talked about in the previous section. It offers a wide range of benefits to organizations and allows them to reach business excellence. Here are seven compelling reasons to employee RPA at your organization:

1. Accuracy: The scope for human error is eliminated since software bots carry out the entire function, boosting operation accuracy significantly. Not to mention, it saves a lot of time by obliterating rechecking of processed tasks.

2. Higher Security: RPA also eliminates human interference, which allows it to carry out highly confidential tasks such as government file processing with a higher level of security. Note that these RPA bots only perform rule-based tasks that they are programmed to do. Hence, they can be used without any security concerns for highly confidential tasks.

3. Low Technical Barrier: Since the RPA bots will be working on pre-programmed code, your employees wouldn’t need technical proficiency to configure them. You just need to provide them RPA development tools that will help them configure these bots.

4. Unmatchable Consistency: Repetitive tasks are often more exhausting for your workforce because of being mundane and repetitive, and the accuracy and efficiency might deteriorate over time. RPA bots offer unmatchable consistency and can perform the same task repetitively for as long as you want without affecting the accuracy and efficiency.

5. Higher Workforce Efficiency: With RPA freeing your workforce from repetitive and mundane tasks, you can better utilize them for tasks that require creativity and emotional intelligence.

6. Enhanced Quality: By increasing the efficiency and accuracy of various tasks, RPA significantly enhances the quality of your services.

7. Reliability: You can count on bots for delivering the desired results. Their reliability rests on their ability to apply rules without fail, perform certain tasks without errors, and their ability to adapt.

RPA offers a wide range of lucrative benefits that allow businesses to get a competitive edge and achieve business excellence. Enhance your organization’s efficiency and make your processes more resilient to changes in a business environment.

Top Machine Learning Trends to Look Out for in 2021

In this day and age, technologies emerge and evolve every day. But only a few come about that revolutionize everything from our lifestyles to applications across industries. Artificial intelligence is often compared to electricity for its potential to revolutionize every aspect of human life. It will transform every industry and create huge economic value. ML is a subset of AI that allows machines to learn from data without being programmed explicitly.

To give you a perspective of how important Machine Learning is in our lives, a study showed that 77% of devices that we presently use are utilizing ML. From our interactions with Google Assistant, Alexa, or Siri to our mail services putting a phishing email directly into the spam folder, it’s all ML. The AI-ML industry is moving at a lightning-fast pace because of the higher availability of data and developments in computation power.

Keeping up with this pace is crucial for everyone, regardless of the industry that they’re working in. It will help them leverage machine learning to come up with innovative and disruptive solutions for problems and pain points of their respective industries. Here are a few machine learning trends that you should be on the look-out for in 2021:

  • Hyper-Automation

You might be familiar with the quote, “Technology like supervised learning is automation on steroids.” This has become the central idea behind Hyper-automation, an IT mega-trend identified by Gartner. It refers to the likeliness that virtually everything in an organization can be automated. Machine learning can be used at every step of the way in managing workflows and processing across the organization.

The pandemic has significantly accelerated the adoption of the concept in various organizations across different industries. AI and ML key segments and significant drivers of hyper-automation, coming together with other technologies like task automation and process automation tools. Incorporating ML solutions in hyper-automation initiatives make the automated business processes more adaptive and resilient to changing circumstances.

  • Amalgamating IoT and Machine Learning

Internet of Things, as the name suggests, is a network of several devices that can interact with each other. Advances in communication and 5G have allowed IoT devices to communicate at much faster speeds with exceptionally lower latency. Put simply, the room for innovation and growth in IoT has expanded from the size of a pebble to the size of a boulder.

The function of IoT devices is to collect data that can be processed and used further for wide-ranging applications. This is where ML comes into the picture, for using that data. With both technologies moving at a pace faster than ever, we’ll see a lot of applications that amalgamate both technologies to develop disruptive solutions. In addition, the usage of ML for making IoT devices and services smarter and more secure is also one of the emerging machine learning trends.

  • Faster Computing Power

Artificial neural networks are a fascinating subject of research with new architectures and methods coming up every year. AI researchers and analysts are making revolutionary algorithmic breakthroughs and finding new problem-solving mechanisms that are more computationally economical. Furthermore, as third-party cloud service platforms support the deployment of machine learning solutions in the cloud, we’re moving towards a new era of computational excellence.

machine learning blog
  • Reinforcement Learning

Reinforcement Learning is one of the budding machine learning trends that can generally be used by businesses across different industries in the future. It is a newfound use of deep learning to enhance the effectiveness of collected data by factoring in its own experiences. Essentially, it is the training of machine learning models to make a sequence of decisions using their own experiences.

A chatbot for customer service is the perfect example of that. In reinforcement learning, the AI solution is programmed with a set of conditions that determine what kind of activity will be performed by the software. The software then tries to achieve the ultimate objective by auto-learning from its own actions and outcomes.

ML solutions for cybersecurity is another one of the promising machine learning trends in 2021. ML algorithms find their applications in cyber threat detection, combating cyber-crime, enhancing available antivirus software, and much more. ML-based antivirus software are known for their ability to detect malware or virus by detecting irregular behavior and anomalies. Smart antivirus leveraging advanced machine learning algorithms are much more reliable, compared to their signature-based counterparts.

There are various other machine learning trends that you must follow. To name a few, automated machine learning, deep learning for business intelligence, augmented intelligence, and conversational AI are starting to shape up and drive innovation. But, these five machine learning trends will be the compass of innovation, disruption, and growth in 2021 across industries.

How Is Sales Order App Helpful for Pharma Wholesaler to Run the Business Smoothly?

The sales order app is beneficial for business management. Pharmaceutical wholesalers can easily handle the received orders and smoothly carry on their sales procedure and grow their business.

Wholesalers require to keep the records of their order, and they recruit people for the purpose. They also require partners to keep track of the received orders. All data relating to the customers as well as their records are also needed to be saved.

Order booking app can help them keep the records efficiently and in minimum time, especially for managing huge orders.

So, pharmaceutical companies should implement the latest software for properly managing sales and orders. It can also optimize your workflow that is required for the smooth running of the business.

A Sales order app is the supports optimizing sales and increases the workflow. Let’s discuss how:

  • It develops an integrated contract in the form of an agreement between the wholesalers and the customers.
  • You can have an idea about your stock so you can reserve them for your clients.
  • Wholesalers can effortlessly track their products while the sales process is going on till the products are delivered.
  • It develops a document with one sales number and the total sales records.
  • It is the wholesalers’ purchase forecasting and refills guide.

The wholesalers can create a delivery order, picking up a list, and bill with only one click. Therefore, pharmaceutical companies are prone to adapt inventory and sales order apps to perform their tasks quickly. They can also make sure that every unit receives immediate and practical access to the right and updated order records. The billing software for pharma helps to generate the invoices fast, and it helps to maintain the cash flow.

Let’s discuss how a Sales order booking tool can make the business easy for pharma wholesalers:

  1. Decreases human mistake:

The sales order app is an automated service. Therefore, it helps to reduce human mistakes. So, the wholesalers can reduce expensive sales mistakes and delivery mistakes as it automates sales order information.

The manual errors like making an improper price list without knowing the prices and forget to add special discounts are eliminated with this tool. This software prevents wholesalers from committing mistakes. Its automatic functions tally price lists and sales orders so that no mistake can occur. The software also prevents you from running out of stock, undelivered products, and wrong addresses frequent human errors. You can add codes to your products which helps you to have all records while scanning them.

  • Helps to become more productive and earn more revenue:

Implementation of the latest technologies enables you to become more effective. While you are engaging sales order app that means it will automate your order information. You need to create a budget; then you can immediately form sales orders, delivery orders, and prepare bills; from taking order, delivery, and cash flow, everything will be optimized.

Another benefit of using the software is that you won’t need to recount all your products once you count all your products. It will save you time, and you can concentrate on production. After a lot is delivered, the app will update your stock info and make you aware if you don’t have enough stock. Therefore, you need to provide less effort and concentrate on increasing production that can increase your profit.

  • Enhances relations with customers:

Using the latest technology will help wholesalers to attain better customer satisfaction. They only need to ensure that all workers are using the same tool. That is necessary to ensure that all are performing at an equal pace.

This is required to provide an integrated service to the customers. You will also have a prior opinion regarding the stock, so you should not disappoint your clients after taking the order. You can ship the orders in less time so products will be delivered fast. Thus, you can receive more customer satisfaction.

  • Maintain a smooth workflow:

The pharmaceutical industry is a crucial one where a wholesaler needs to work with different things in various circumstances. This can interrupt the workflow. But the implementation of the cloud-based app can guide them to provide hazard-free service and maintain a smooth workflow.

Conclusion:

Therefore, a sales order app is essential for pharma wholesalers for eliminating error and carrying on a smooth business.

How Artificial Intelligence is helping the Pharma Sector?

Artificial intelligence has disrupted many industries over the years and given birth to endless opportunities for business growth and transformation. But, the pharma industry is still yet to explore these opportunities and the applications artificial intelligence has to offer.

From streamlining methods and processes to creating improved drugs to combat fast-growing diseases, AI is not just improving efficiency across the pharma value chain but also fostering innovation. The radical shift in innovation paradigm in the pharma industry because of AI is creating new business models that are powering more efficient and seamless clinical and healthcare processes.

Every aspect of the pharmaceutical industry from R&D to manufacturing and marketing can be revamped and made more efficient, cost-effective, and hassle-free using AI. Let’s take a look at some of the most notable applications of artificial intelligence in the pharmaceutical industry:

  1. R&D Process

The R&D and drug discovery process can be extremely costly and time-consuming. Pharma companies across the globe have started to leverage robust ML algorithms and high-performance AI tools to streamline their medicine discovery processes.

These powerful AI-driven tools help pharma companies to deal with challenging aspects of biological networks by identifying subtle patterns in large datasets. By giving them the ability to study the patterns of various diseases, AI enables pharma companies to make informed, data-driven decisions on drug development.

  1. Drug Development

With a 13.8% success rate at clinical trials, developing a drug is a tough call for pharma companies because of the hefty costs of the whole process of drug approval. AI gives pharma companies the power to design and identify new molecules, perform target-based drug validation, enable data-driven drug development, and much more.

Adopting AI not only improves the approval success rates of their drug but also streamlines the development process and cuts down operational costs resulting in cheaper rates.

  1. Manufacturing

Using AI-powered algorithms and tools, pharma companies can ensure higher productivity, improved efficiency, and faster production, especially for life-saving drugs. Artificial intelligence can make every aspect of drug manufacturing streamlined and efficient:

  • Quality control
  • Predictive maintenance
  • Waste reduction
  • Design optimization
  • Process automation

Conventional manufacturing techniques can slow down the drug manufacturing process and make the process prone to human error. A drug manufacturing process braced on AI boosts the ROI, eliminates human error, enables rapid manufacturing, and reduces prices. Another common implementation of AI in the pharma industry will be the modern pharma billing software that helps organizations to always stay ahead of the curve and minimize revenue leakages.

  1. Diagnosis

Most healthcare facilities now store sensitive patient records and medical data securely in a cloud or a centralized storage system within a robust AI software to store, monitor, and track electronic medical records. Several  AI-powered tools made up of advanced ML algorithms allow doctors to process and analyze patient data.

These powerful tools can help doctors understand the impacts of a specific genetic trait on a patient’s health or the process of treatment through a drug. AI can also be used to give real-time insights on patient’s medical data and reports for diagnosis and treatment purposes.

  1. Treatment for Rare Diseases

AI can not only fuel the efforts of pharma companies to prevent diseases like Alzheimer’s, ALS, Parkinson’s, etc., but also accelerate the process of exploring better treatments for them. Before the advent of AI, pharmaceutical companies were reluctant to funnel time and resources on finding treatments for rare diseases because of the low ROI and approval rate. Today, with the power of AI, various pharma companies like Healx and Verge Genomics are working tirelessly to enhance the medicine discovery process for rare diseases.

To sum up, Artificial Intelligence is an excellent resource for the pharmaceutical industry with a scope that is widening with every passing day. Pharma companies across the globe are incorporating AI in their operations from R&D to manufacturing and unlocking enhanced efficiency and unimaginable business growth and transformation.

How AI/ML has Transformed Software and Mobile Apps

Technologies like Artificial Intelligence and Machine Learning can’t be referred to as just other technological advancements. They are finding new applications everyday in industries like telecom, machinery, healthcare, etc. Businesses across many industries are leveraging AI and ML to improve their existing services.

Above anything, AI and ML together have bridged the gap between humans and their devices in terms of communication and interaction. Moreover, AI and ML are also used to produce actionable insights by using huge volumes of data. One of the facts that makes AI and ML revolutionary technologies is that a major share of their potential is still untapped due to low latency and speed issues of 4G networks.

Since AI and ML have a huge impact on interaction of humans and machines, they can be leveraged to explore endless possibilities of user-experience. These applications have led to many transformations in software and mobile apps:

  • Advanced Searches

With the search in the applications equipped with AI and ML, users can search through methods like voice and images. Although these methods are not new, Artificial Intelligence and Machine Learning have increased their efficiency in terms of usability and precision over the years.

Also, AI and Ml can optimize the search in the software to produce contextual and intuitive results. This makes the search more efficient and enhances user-experiences and engagement. AI and ML can provide a cognitive approach to the searches which can be helpful in grouping content or resources to provide intelligent and immediate results to the queries.

  • User Behavior and Personalization

Machine Learning helps mobile apps in understanding search behavior, purchase history, user history and in turn predicting their preferences. These predictions along with factors like age, gender, location, search queries and usage-time drive the recommendations on applications. These personalized recommendations ensure that the users find the app engaging. Some of the best recommender systems are used by YouTube and Netflix.

ML also helps marketers in understanding user preferences and purchase patterns. It has the ability to group the users according to the data collected. The user data can be used to determine the target audience, their requirements, their budget, etc. Structuring clients and strategizing the right approach to cater to their needs can drive explosive growth.

  • Real-time Data Collection and Processing

Artificial Intelligence lets devices communicate with each other. This is why it can be helpful in collecting real-time data and processing that data. Applications can thus provide higher levels of precision with data getting updated in real-time. Real-time data is also very helpful in IoT systems.

When a 5G rollout happens, the problems of latency and speed will become matters of the past. This means that the network of machines and devices that IoT promises will finally be able to be established. Artificial Intelligence will play a crucial role in setting up this network. AI will be helpful in providing the real-time feedback data across the devices which is necessary for them to function on their own.

  • Better Subject and Voice Recognition

AI and ML have made it possible for developers and smartphone manufacturers to make interfaces which can detect objects and scenes in the camera like food, landscapes, etc. Some camera applications also have the ability to tweak the settings to the optimum for better captures. An improved recognition has also led to smart and secure face unlocks. Similarly, voice recognition systems are also constantly learning and getting more cognitive with the help of AI.

  • Security

Many apps make use of device sensors enabled with AI functions to determine the essential security functions within the application. With the help of Machine Learning, behavioral analytics can be used to determine whether the action within the application should be authenticated or not. Other factors like device location history can also be taken into account while performing the analysis to increase the level of security.

In conclusion, AI and Ml have brought many developments in software and mobile applications. They have ensured that the users get personalized user experience and find the applications more engaging. Intuitive and contextual searches have made sure that users get intelligent and accurate results. Efficient voice and subject recognition have also made mobile apps and software more convenient.

How SpinePOB and SpineHRM Mobile Application is helpful to run business smoothly in COVID-19 period

The COVID-19 pandemic has brought on unprecedented times for the entire world. The earth has come to a halt, beaches, movie theatres, malls, schools, and gyms are all closed, and no one knows when they will reopen, or when the world will return back to normal. In these tough and testing times, the way we live and work has been altered- since most offices and businesses are now being run remotely, from the comfort of home sweet home, IT and technology solutions have stepped up to the plate in order to bring the world together and keep businesses running.

Spine- bringing the world closer in times of hardship

Mobile applications have become the lifeblood of businesses and companies in these trying times. Spine’s premier mobile applications, SpinePOB, and SpineHRM, are all about offering the most complete order booking and HR management experience right from your mobile app, so that you can stay safe inside your home, and get your work done at the same time.

Offering the whole plethora of features that are needed for any business, Spine’s mobile apps are designed to help you conduct your operations smoothly, while making the best efforts to keep you and your loved ones safe. COVID-19 has forced the world to come up with new and innovative ways of living life, and doing business, and Spine is surely doing its part.

SpinePOB- Pen Order Booking mobile app

Service, order, and purchase management are tasks that are often delegated to sales forces to complete in their off-schedule time. Because of the current world situation, sales forces are already making innovative efforts to service clients while maintaining social distancing norms, therefore, the added burden of order and purchase management will only cause trouble for both employees and clients.

SpinePOB is a Pen Order Booking mobile app that automates your point of business management tasks, such as service and order purchase management, purchase tracking, order shipping statuses, and much more. With increased restrictions on the points of contact and strict advisories on physical distancing, SpinePOB helps execute all order management tasks from a single console, made available to you and your employees through the mobile application. Staying safe and going about your business was never as easy as this!

Here are some core features of SpinePOB that make it a boon for businesses during these tough times.

  • Order Booking. Point of business management tasks begin with order booking at the forefront, since it is perhaps the most crucial task of them all. Making it simple, effective, and efficient, SpinePOB automates the order booking process, helping your sales teams and clients to reduce points of contact, and even delegating human resources to other tasks that cannot be achieved without human intervention.
  • Order and dispatch status. Under normal circumstances, executives might go down to the warehouse every now and then to keep a check on the order and dispatch statuses of shipments. With SpinePOB, the need for physical updates on order statuses is eliminated, with a centralized dashboard offering order dispatch and shipment updates for all your orders. Payment status of orders can also be viewed from this very dashboard, making it incredibly effective and efficient, and, it goes without saying, safe!

SpineHRM- Human Resource Management application

When it comes to HR management, it is often considered to be a job solely for the HR executive to carry out on their own. If employees have problems or feedback, all they need to do is pop into the HR executive’s office, have a chat, and settle all problems! Unfortunately, with offices on hold all around the world, a remote HR management solution is needed. Even though employees are working from home, a business still needs to manage its human resources!

SpineHRM offers core HR and employee management functionalities from a simple and easy to use mobile application. With mobile app clients for employees and HR executives, HR management is made incredibly simple and effective. Trust us, your HR executives will thank you for implementing SpineHRM, especially during this pandemic, because the whole world needs all the help that it can get!

Some standout features of SpineHRM that make it an incredible tool to have in your arsenal-

  • With employees working from home, spontaneous communication, reminders and alerts are much-needed, and emails just don’t cut it. With SpineHRM, you can streamline this process with mobile app-enabled push notifications, reminders, and alerts for daily tasks.
  • Leave and attendance management becomes a breeze with SpineHRM mobile platform, since all that employees need to do now is tap a button on their phone screens!
  • Payroll management is another important task that SpineHRM helps to achieve in a seamless manner. In these trying times, the least a business can do for their employees is to keep an up to date payroll.

With the world in a time of crisis, technology steps up to the plate. A mix of innovation and creativity leads to solutions that help keep the wheels of the world turning, and Spine is definitely contributing with SpinePOB and SpineHRM mobile platforms, helping businesses stay in business, and stay safe.

Key Highlights on Budget 2020: Expert Assessment

The Finance Minister of India, Nirmala Sitharaman, presented the Union Budget for the term 2020-21 in the Lok Sabha. This is the 2nd budget after the National Democratic Alliance came to power for a second term. The Budget 2020 has focussed on three main points – Aspirational India, Economic Development, and a caring society.

Sitharaman proposed a new option personal income tax system. She also announced multi-billion-dollar farm, infra, and a healthcare package to revive growth in the country. Let us have a look at some of the key takeaways and highlights of the 90th Union Budget presented by Nirmala Sitharaman.

Highlights of Budget 2020-21

We also call the Union budget as the Annual Financial Statement. The key highlights of the Annual Financial Statement of 2020 are mentioned below.

Everything about new income tax slabs

In the 90th Union Budget, Nirmala proposed a new set of income tax rates for the section of people earning up to 15 lakh a year.

Under that, she proposed a 10 percent tax on income between 5 lakhs and 7.5 lakhs from 20 percent now.

For the income between 7.5 lakhs to 10 lakhs a year, people will pay a tax of 15 percent. The income tax has been reduced from 30 percent to 20 percent for the people having income between 10 lakhs to 12.5 lakhs a year.

The people who are earning 12.5 lakhs to 15 lakhs annually are required to pay a tax of 25 percent. And lastly, the people who are earning over 15 lakhs annually would continue to pay at the rate of 30 percent.

This new tax regime is optional and it is the taxpayer’s choice to opt for the structure that is beneficial for him.

Moving on to Investment

The government is planning to sell part of its holding in LIC by way of Initial Public Offering. Some categories of government securities will be open fully for NRIs, along with being open to domestic investors.

The FPI limit in the corporate bonds raised to 15 percent from 9 percent.

The budget proposed the divestment target to be doubled for the next fiscal at Rs. 2.1 lakh crore.

Changes in the Indirect Tax

For footwear, the custom duty has been raised from 25 percent to 35 percent. In case of furniture, it is increase to 25 percent from 20 percent.

The excise duty got a raise on Cigarettes and other tobacco products. However, no change has been made in the excise duty rates of bidis.

The basic custom duty on import of news print as well as light-weighted coated paper is decreased to 5 percent (earlier it was 10 percent). On the imports of medical devices (except those exempts from BCD) will face 5 percent health cess.

For traders, too, there have been a lot of things that will be changed. So get ready, your business might need updates in your GST billing software!

Lower custom duty rates on products such as fuse, chemicals, and plastics. While the products like auto-parts, chemicals, etc. which are also being made domestically, will face higher custom duty rates.

MSMEs

The government has proposed certain steps for the MSMEs. We will see amendments to Factor Regulation Act, 2011.

Changes will be made to enable NBFCs to extend invoice financing to MSMEs. The budget proposed a provision of subordinated debt for MSMEs by Banks. This debt would be counted as quasi-equity.

App-based financing loans to be presented to prevent the problem of late payments and cash flow mismatches for MSMEs.

The Power Sector

Sitharaman proposed an amount of ₹273 billion ($3.84 billion) for promotion of industry and commerce.

They have also asked the organization using old thermal power plants to shut units if emission norms are not met.

An amount of ₹44 billion ($619.11 million) for clean air incentives in cities with over 1 million people is allocated in the budget 2020.

Moving on to Education Sector

The Finance Minister of India announced around 150 higher educational institutes to begin the apprenticeship embedded courses.

The budget also proposed special bridge courses to enhance the skill sets of the individuals who are seeking employment outside India.

Apart from that, the In-SAT exam will be conducted in Africa and Asia under study in India programme.

An amount of Rs. 99,300 crores is allocated for the educational sector in the 90th Union Budget. Along with that, Rs. 3,000 crores are allocated for the skill development.

Simplified return for GST

The start-ups having a turn-over of up to Rs. 100 crores will get 100% deduction for 3 consecutive assessment years out of 10 years.

Also, the turnover threshold for audit of MSMEs to be increased from Rs 1 crore to Rs 5 crore.

Changes will be made to enable NBFCs to extend invoice financing to MSMEs. The nominal GDP growth for the term 2020-2021 is estimated at 10 percent.

Let’s talk about economic development

The budget proposed an Investment Clearance Cell to offer end-to-end facilitation and support.

Apart from that, 5 new smart cities have been proposed to be developed. The National Technical Textiles Mission to be implement with the objective of positioning India as a global leader in Technical Textiles.

The NIRVIK Scheme has the aim to achieve higher exposure credit disbursement.

The turnover of Government e-Marketplace (GeM) is asked to be taken to Rs. 3 lakh crores. A scheme will be launched to revise duties and taxes on exported products.

The Dividend Distribution Tax will be removed and it will be applicable to the individual investors only.

People will see an increase in the customs duty on gold as well as other precious metals to 12.4 percent. However, customs duty on platinum and palladium cut to 7.5% from 12.5% for certain purposes.

The following announcements have been made:

  • Indian Institution of Heritage and Conservation
  • Five archaeological sites as iconic sites.
  • Museum on Numismatics and Trade
  • Tribal Museum in Ranchi
  • Maritime Museum in Lothal

The NIRVIK scheme has the objective of achieving higher exposure credit disbursement. It also offers higher insurance coverage. This scheme is expected to support export of around Rs. 30 lakh crores in 5 years.

Out of the total amount of Rs. 30, 42, 230, Healthcare sector is proposed with an amount of Rs. 67, 484, Defence with Rs. 3, 23, 053, and IT and Telecom sector with Rs. 59, 349.

We will observe a robust mechanism that will monitor and ensure the health of all the scheduled commercial banks and depositors’ money is absolutely safe.

TDS Return : Types, Benefits and Guidelines of filing TDS Returns

What is TDS?

The Tax Deducted at Source (TDS) is basically a source of tax collection by the Indian Government when a transaction takes place. The tax is deducted at the time the money is credited to the payee’s account or at the time of payment, whichever is earlier.

The tax is deducted at the time of payment in case of payment of salary and life insurance policy. The deducted TDS amount is deposited to the Income Tax Department of India. Also, Through TDS some portion of your tax is automatically paid to the IT Department and hence it is seen as a method of reducing tax evasion.

Let us understand the TDS through an example.

XYZ Pvt Ltd is required to make a payment for office rent of Rs. 90,000 per month to the landlord.

The TDS to be deducted is 10 per cent. Therefore, XYZ Pvt Ltd has to deduct a TDS of Rs. 9000 and pay the remaining balance to the owner.

Hence, the recipient of income (the owner) will get a net amount of Rs. 81000 after the tax deduction at source. He will add the gross amount as Rs. 90,000 to his income and then take the credit of the amount already deducted i.e. Rs. 9000 by XYZ Pvt Ltd against his final tax liability.

What are the different types of TDS?

Now, let us have a look at some of the income sources that qualify for TDS.

  • Salary
  • The amount under LIC
  • Bank Interest
  • Brokerage
  • Commission payments
  • Interest on securities
  • Payment of rent
  • Transfer of immovable property
  • Winning from games such as lottery, quiz, etc.
  • Insurance commission
  • Compensation on acquiring immovable property
  • Contractor payments
  • Remuneration paid to the director of a company, etc.

Prerequisites for uploading the TDS returns

Before you sit down to upload your TDS return, you must ensure that you have the following stuff:

  • You must have a valid TAN that must be registered for e-filing.
  • Your TDS statements must be prepared using the Return Preparation Utility (RPU) and then validated through File Validation Utility (FVU).
  • You should carry a valid Digital Signature Certificate that is registered for e-filing if you want to upload your returns using DSC.
  • You have to provide the Demat account or principal contact’s bank account details. Or else, you can also provide the principal contact’s PAN (linked with the Aadhar Card), if you wish to upload using EVC.

How to file the TDS returns online?

We have provided a step by step procedure for filing the TDS returns online.

  1. Firstly, you have to go to the official website of the Income Tax Department (https://www.incometaxindiaefiling.gov.in/home) and sign in using your credentials.
  2. Now, go to the TDS section and click on the ‘Upload TDS’ option.
  3. Provide your Statement details and click on ‘Validate’ button,
  4. You can now upload the TDS .zip file prepared using the utility downloaded from the tin-NSDL website. Also, provide the signature file generated using DSC management utility. Now, click on the ‘Upload’ button to submit the files.
  5. You will get a success message on your screen once the TDS is uploaded. Along with that, a confirmation mail will be sent to your registered email ID.

If the DSC is not generated, users have to tap on the ‘Click here to e-Verify’ button. The users will have the following options as mentioned below.

Option 1 – ‘Already have an EVC to e-Verify the Form’.

Option 2 – ‘Do not have an EVC and I would like to generate EVC to e-Verify my Form’.

Option 3 – ‘I would like to generate Aadhar OTP to e-Verify my Form’.

You can choose your preferred option to complete the TDS filing process.

If you have already filled the TDS and want to view the TDS statement, just follow the steps mentioned below.

  1. Login using your credentials.
  2. Go to TDS and select ‘View Filed TDS’.
  3. From the drop-down list, select the details for which the TDS was uploaded. After selecting, click on the ‘View Details’ button.
  4. Your status of the details will be shown. In case the status is ‘Accepted’, click on the token number and download the Provisional receipt.
  5. If you see the ‘Rejected’ status, click on the token number and view the error details.

What are the benefits of filing TDS?

Filing the TDS return is mandatory as per the I-T Act, 1961. Listed below are some of the benefits of filing the TDS.

  1. TDS helps in the regular collection of taxes.
  2. It makes sure that there is a regular flow of income to the government.
  3. TDS reduces the regular burden of overall tax payment. It spreads the entire tax payment over several months.
  4. And lastly, it provides an easy mode of tax payment to the payer!

So, this was everything you needed to know about TDS and how to file it. Still, have any questions? Feel free to let us know in the comment box. Spine software strives to provide the perfect technology solutions that can streamline your business. From billing software to HRM software, we have created everything for you.