Beardynerd's Blog – October 2022 Archive (4)

India’s success with AI – paves the way for the world in Artificial Intelligence

India paves the way for the world in Artificial Intelligence







A NASSCOM analysis projects that AI would increase India’s GDP by 450–500 billion dollars by 2025, or 10% of the goal GDP of USD 5 trillion. The adoption of AI has been pioneered by highly digitised sectors like IT, financial services, telecommunications and media, and retail.







Depending on the sector, AI adoption varies in terms of pace and scope. Early adoption can help businesses in… Continue

Added by beardynerd on October 26, 2022 at 4:47am — No Comments

RBI published a concept note on central bank digital currency and to test the Digital Rupee shortly

s goal is to raise awareness of such currencies in general and the planned features of the Digital Rupee in particular. The Reserve Bank of India announced on Friday that it will soon begin a pilot launch of the e-rupee for specific use cases. This announcement was made just a few days after the launch of 5G in India by PM Narendra Modi.







The RBI stated in a statement that it will periodically communicate about the unique characteristics and advantages of the digital rupee… Continue

Added by beardynerd on October 26, 2022 at 4:37am — No Comments

Web 3.0 in India to boost digital economy?

Web 3.0: All you need to know



The third version of the internet, known as Web 3.0, is built on Blockchain Technology. A smart, independent, linked, and open internet is what Web 3.0 aims to build. One significant trend that is anticipated as we approach Web 3.0 is decentralisation. In essence, it is a theory that distributes power from a single individual or group to the… Continue

Added by beardynerd on October 21, 2022 at 5:03am — No Comments

Are NFTs effective as a marketing tool for brands?

NFTs, or non-fungible tokens, have already revolutionized the market, drawing many multinational brands to try their hands at tokenization of their products and services as virtual assets in the age of the digital era, where the task of marketing virtual and intangible products and services is keeping marketers on their toes. A popular term in 2021, NFTs have been purchased by numerous corporations, from renowned performance clothing manufacturer Nike to global beverage giant Coca-Cola, as well… Continue

Added by beardynerd on October 21, 2022 at 5:02am — No Comments

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