Effective Commerce Research Articles

India's Transition to a Cashless Economy

Cash contribution to the Indian economy has been significant throughout the country's history in a variety of industries, including banking, e-commerce, consumer durables, biotechnology, automobiles, cement, and associated industries. But now is the moment to integrate the concept of "cashless" into all of these industries, which facilitates quicker, simpler, and more effective commerce. The efforts seek to boost the use of digital technology across a number of industries, including healthcare, education, and agriculture, as well as to foster an atmosphere that will support start-ups. The expansion of the digital ecosystem has been significantly aided by the rise in internet and smartphone use in India. Overall, the move towards a cashless economy in India promises enhanced financial inclusion, reduced corruption, and increased tax revenue. Government efforts and societal support indicate a promising trajectory towards a digitally empowered India.

A granular hardware/software system: pervasive distributed dynamic sensor data mining system for effective commerce

In recent years, wireless sensor networks, cell phones and granular hardware/software systems have become ubiquitous for various applications; fusing these technologies in the field of business opens up new applications. To fill this lacuna, we propose a novel idea where the combination of these technologies facilitates the stores to receive feedback on their products and services. System's unobtrusive sensors will not only collect shopping data from customers, but will also make effective use of this information to increase revenue, cut costs, etc.; the use of mobile agents-based data mining allows analysing the data from different dimensions and categorising it on factors such as product positioning, promotion of goods, etc. Additionally, the shoppers get on-the-scene recommendation of products, rather than off-the-scene. In this paper, a novel granular distributed pervasive mining system is proposed to get dynamic shopping information of the customers.

Technology Strategies For Economic Development In A Fast Changing Global Economy

East Asian development experience provides the basis for understanding which are the essential elements of effective technology strategy and policy, those that are required for the efficacious development of countries that have not yet embarked on a path of sustained modernization. Globalization has had a profound impact on development, enabling countries that could exploit its propelling forces to pursue a potent strategy of export-led economic and technological development. The policies needed to sustain this strategy are those required to foster institutions that permit effective commerce among economic agents, those necessary to generate the rapid accumulation of human and physical capital, and those essential to ensure that resources are allocated in accord with the economy's dynamic comparative advantage. Of crucial importance among the latter are effectively implemented policies of selective intervention designed to develop infant industries and to foster their fast-paced achievement of international competitiveness through rapid attainment of the requisite technological capabilities.