How information technology acquiring major space in Banking Systems day by day?

The banking industry has become highly competitive in the recent times and therefore they are leaving no stones unturned to make sure that their customers have the best experience while using their services. Computing, communications, knowledge and information are being used at every step of the way in the banking sector nowadays in order to provide a cohesive service to the end users. Not only it is important to provide people with the best quality services but they should be provided in the shortest possible time. Moreover, the bank employees should be well informed about the account details of every client so that they can serve them promptly when they ask of their services. This makes it necessary for the banking employees to draw on all the account information as soon as they need them.

The implementation of information technology has greatly changed the way banking industry operates on an overall basis. While at one point of time they mostly used pen and paper to handle all kinds of transactions and official records, now they mostly used digital records of account related documents. The thoroughly digitized and networked methods used by banking service providers have improved the systems efficiency and speed of banks to a great extent. Apart from changing the way banks work in terms of internal accounting, the latest IT systems have also brought a sharp change in the delivery systems that are used by banks for interacting with their customers. Most banks in all parts of the world are struggling to come up with a technological solution for meeting the challenges associated with a fast-changing environment. The banks of today need to invest generously in getting the best IT systems so that they can integrate technological systems within the parental structure to meet the highly intensive requirements of global banking.

Information Technology and Banking Systems
Information Technology and Banking Systems

Banks are now using the latest models of computers to take care of all of their dealings. These are supported by a range of dedicated servers, security systems, data management systems, cloud computing systems which in turn is helping the banking management to manage all of customer records in an efficient manner. The banks are also using specialized software systems for managing customer accounts and records, attend to customer queries and provide solutions online and through phone systems and even carry out efficient employee management within the banking system itself. Some of the cutting edge technologies that are currently used by banks include remote banking, self inquiry facility, anytime and anywhere banking, telebanking and electronic banking. The customers who use the services of a given bank can also avail its services through well designed apps that can be used directly from their smartphones.

Computing and IT systems are not only used to aid customers so that they always get the best services but these advanced technologies are also used for assisting the bank employees in a number of different ways as well. These include assisting the bank to carry out a number of standing instructions in given dates and times, generating reports, speedy transferring of vital information from one system to another which can aid in prompt decision making, generating periodical returns and MIS reports, and interconnecting multiple computerized branches as well as controlling offices that help in accurate management of large volumes of data. Such features have made banking modern and helped the customers to manage their accounts in a much more efficient way. The IT systems have also helped to replace old and redundant models of working which can not only lead to keeping voluminous amounts of data and written records but also increase inefficiency and cost a lot of money in the process.

What are the top IT cities of India and how these cities provide suitable environment to the IT companies?

India is one of the most important countries in the world when it comes to IT or information technology. Numerous cities in India stand out for their contribution in the field of IT. These cities have a well developed infrastructure that helps IT companies from India and abroad to set up their firms here. Let’s now take a look at the cities with the most well developed IT infrastructure in India.

Bangalore

Bangalore is the IT capital of India and houses the highest IT platform in the country. There are numerous IT parks and technology hubs in the city that boasts of cutting edge infrastructure. Both national and multinational firms operate from Bangalore and have access to a huge pool of working talent from all over the country.

National Capital Region

The National Capital Region or NCR which includes New Delhi, Noida and Gurgaon boasts of a number of top notch multinational corporations, we development and software companies that serve clients both in India and abroad. The Delhi IT Park and DLF IT Park comprises of some of the best technological firms that contributes much to the development of the area.

Mumbai

Mumbai is the business capital of the country and therefore it is no wonder that the city is going to have a highly developed IT scene. Some of the IT parks that are located in Mumbai include Everest Infotech Park, International Infotech Park and Infinity Park. Numerous notable tech firms such as WIPRO, HCL, Google, Oracle Financial Services and Tech Mahindra have their offices here.

Present status of Information Technology in India
Present status of Information Technology in India

Hyderabad

Hyderabad is a city that has one of the most well developed IT scenes in the country. The Hitech City is a major IT Park here in Hyderabad. More than 1500 reputed IT companies have their offices here in Hyderabad, including Apple, Google, Microsoft, Infosys, Yahoo and Tata Consultancy Services.

Pune

Pune is said to be Maharashtra’s cultural capital and it has got a well developed IT sector. EON and Hinjewadi IT Parks are located on the outskirts of Pune. There are also many notable brands and names working in the IT scene of this city, including Wipro, Cognizant, Tech Mahindra, BMC Software, IBM, HSBC and IGATE.

Ahmedabad and Gandhinagar

Both Ahmedabad and Gandhinagar are cities that are booming with IT hubs and technological companies. Infocity is a major area in Gandhinagar dedicated to the cause of IT development. Currently the Gujarat International Finance Tec-City (GIFT) is being developed in this part of the country which is to offer cutting edge infrastructure and technology to the companies of tomorrow.

Chennai

Chennai has a rich infrastructure that is highly conducive to IT development. There are numerous IT parks in this city, such as Tidel Park, CyberVale and Olympia Tech Park that have contributed to the massive development of the city. The Tidel Park was originally the largest IT Park in Asia and today it serves as the basis of operation for many well known software companies.

Thiruvananthapuram

Thiruvananthapuram serves as a major location for the software development industry. The Technopark is the largest IT and technology park in India which plays a crucial role in promotion of IT and electronic services and products industry. Numerous international firms like Elxsi, Mc Kinsey and Allians and Indian companies like Infosys, Tata and TCS have their offices here.

Kolkata

Kolkata has seen some major technological improvement over the last few years. The DLF IT Park and the Millennium City IT Park serves as two of the most important IT hubs of the city. Many notable companies such as Wipro, IBM, HCL and TCS operate here in Kolkata.

White Space technology for rural areas Banking

Banking sector giant State Bank of India (SBI) and Microsoft work together to use the TV White Space technology to present smooth Internet Banking rural areas of India. For this they will work on seamless connectivity and smart banking process. White space technology refers to use unused broadcasting frequencies in the wireless spectrum.

Introduction of White Space Technology in Indian Banking Sector
Introduction of White Space Technology in Indian Banking Sector

Mark Zuckerberg Created his assistant named Jarvis

Mark Elliot Zuckerberg, CEO and co-founder of Social Media giant Facebook, created an artificial intelligence assistant Robot. The robot Jarvis can work on appliances control, music playing, face recognition and also can entertain Mark’s toddler. Mark says he just invest 100 hours to put Jarvis together. Famous Hollywood actor Morgan Freeman given his voice for the robot.

Zuckerberg on the occasion of Jarvis announcement
Zuckerberg on the occasion of Jarvis announcement

WhatsApp to stop support for older version phones by end of this year

As per recent news update world’s number one texting service provider ‘Whatsapp’ to stop support for older version smart phones by the end of this year. For this reason number of smart phone users will affect to use their phones for texting. Presently, Whatsapp supports all types of mobile phone’s like iPhone, Blackberry, Android and Nokia Symbian 60-phones. As per recent announcement they will stop to provide service for older version of Android, iPhone, Nokia and Windows Phone 7 by end of 2016. Also they pointed out some version of operating system they will provide some extension service like for BlackBerry OS, BlackBerry 10, Nokia S40 and Nokia Symbian S60 until June 30, 2017. It’s very sad for Android users who are uses older version of handsets with  Android 2.1 and Android 2.2. Because, in those version of OS will net get support from Whatsapp after 31st December, 2016.

Older Version of Mobile Phones under threat of Whatsapp
Older Version of Mobile Phones under threat of Whatsapp

Why every small company should use JIRA and Wiki for managing Team?

Are your business teams having trouble tracking their work? Have you overheard, “What’s the status? I can’t find a status update!” Or something like, “The project is delayed again, and I can’t keep track of anything.

The answer is JIRA.

In small companies HR, legal, finance, and marketing teams can benefit from JIRA in the same ways software teams do. JIRA Core extends the workflow functionality and customizability of JIRA to business teams so they can track work, manage projects, and stay on top of everything. JIRA Core Issues can represent all kinds of things, a task, a document.

Just about anything you want to track can be an issue, and these issues are all contained in what’s called a project.

These projects are made up of finite and recurring tasks depending on how teams work.

Examples of what you can track in JIRA Core in a company:

1. Marketing teams – documents and content: A marketing team can track all the steps and see who’s working on what from to-do to done.

2. HR teams – people: JIRA Core gives HR teams what they need to do to get maximum success of employees.

3. Finance teams – reports and purchase approvals: JIRA Core provides accountability for each team member’s tasks and accuracy to make sure all the steps are followed. purchase requests can be represented as issue which go through a JIRA Core workflow that ensures the right people approve purchases and gives the budget to the proper team.

4.Program management teams : When a new policy/rule added to or removed from a company ,its difficult to keep track what needs to be done.With this technology the team can track the policy changes.

5.Legal team – documents: Legal teams can keep track of contract and documents ensure the right subject matter expert weighs in and proper approvals are in place.

project-management

Confluence

Confluence is a wiki used by many companies to connect people with the content and co-workers they need to get their jobs done, faster.

  • An online application built to help teams organize, discuss, and do their work
  • Everything in Confluence is organized in spaces, which are a collection of related pages
  • Spaces are made up of pages. Pages are the documents in which your team will create, edit, and discuss work.

There are many reasons to use wiki software some of reasons stated below:

  • Get the best people on the right tasks and produce better overall results by letting everyone contribute.
  • Anyone can put content online, quickly and securely – just click and start typing.
  • Bringing the right people into the work and discussions taking
  • place in Confluence is easy.
  • Capture the tacit knowledge of your co-workers, often trapped in email, in confluence where never lost.
  • Confluence makes sure you won't miss another important conversation again.
  • Quick Navigation and Search makes sure you find what you're looking for, fast.
  • Confluence meets the demands of the enterprise environment by keeping your content safe and secure.
  • Combine powerful free-form content creation and collaboration with the document
  • Management and workflow strengths of SharePoint and Office.
  • Create customized designs and brand Confluence to match your corporate style.

JIRA and Confluence are two products that work even better together. Teams can use the strengths of Confluence for knowledge management, and the strengths of JIRA for work management. Work can be defined in Confluence and easily imported into JIRA for execution and delivery.

WIKI has great integration with current issue tracking system JIRA. In small companies they need both knowledge management as well as work management for which

JIRA and WIKI combination is a best solution for Startups and large Organization.

Google’s new App Allo will change future of communication . Do you Agree?

We all are slave of internet and some apps or chat bots will control our future. Are we moving towards a new phase of artificial intelligence.

Google released a new App called Allo which will have multiple features and most importantly this will work as a virtual assistant. You can do everything you want and take help of assistant.

All we have been doing is exploiting nature and earn money by hoodwinking others.

We know we are getting use to these Apps and becoming slaves. but is there any way we can hide from them. Big NO, we have to use them and go with the flow of modern technology.

Some of our friends told we are creating weapons, some where he read below:
One asked” that planet has so many hardware floating around it. Seems to be habituated by an advance race”. The other replied”no it doesn’t look like an advance race. Because all the hardware you see are weapons pointed to themselves”

It’s a part of Evolution….Humans to Humanoids is the next Phase of Evolution….And since it’s a part of Evolution it cannot be stopped…

Some says:

Don’t worry about us..Worry about our kids who can’t Live without a smartphone…it has become a medium…of enjoyment…and also a pain relief for parents.(Me Too)… This generation is going into digital Slavery….And we as Adults will end up watching it unfold before our eyes…

One day will come when instead of you and me talking the google assistants will chat on our behalf and make plans and then inform us…imagine what will be our reaction?

Some of the websites even said delete it and never use it, because google will store your data and you may be at risk. But i am not finding any way to stop using these superb apps which helps me on my daily task.

Either ways we are not safe as Google now controls almost all our data…and FB knows what emotions you are in…and LinkedIn shows your work profile…

A lot more discussion to come.. Keep Reading ( Content Source: Our Whatsapp Group)

google-allo-1

Top 5 Domain Name Providers in India

We are running toward complete internet age. To cope with the latest trend all businesses need a website for reputation and marketing which is a basic need now whether small or large organization.

To Build a Website we first need to book a domain name from the providers. Here are top 5 re-sellers sell domains in India in cheap price.

  1. Bigrock.in 
  2. Godaddy.com
  3. HostGator
  4. Bluehost.in
  5. Shopify

domain providers