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Business & Finance
Business Today

Business Today 26-Jul-20

A leading business magazine read by the business leaders for staying ahead and managing challenges that comes right away in the ever changing world of business.

Country:
India
Language:
English
Publisher:
Living Media India Limited
Frequency:
Biweekly
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26 Issues

in this issue

9 min.
digital kiranas

Wagadwala Store is a household name in residential complexes of Marol in suburban Mumbai. Just a call away, the kirana store delivers anything from a loaf of bread and eggs to monthly grocery list at a speed no ecommerce major can match. During the initial days of the lockdown, its owner, Samir Wagadwala, was the messiah of Marol. When most nearby stores downed shutters due to lack of supplies, he went from distributor to distributor to ensure that his store was well-stocked. He also continued home delivery. Wagadwala has a new feather in his cap, and he can’t stop talking about it. His online grocery platform, Wagadwala.com, went live two months ago. It has been taking 25-30 orders per day. “I can see my entire inventory online, and when I run…

1 min.
digitally savvy

HUL, through its Suvidha app, has been encouraging kirana stores to order inventory online. Its Apna Store initiative helps kiranas create their own online store Reliance Retail enables kiranas to put inventory online through its PoS device. It also helps them manage inventory and billing. It wants to get over five-million kirana retailers into its fold The coronavirus pandemic has forced kirana stores to think about building a digital presence To begin with, a large segment of kirana retailers have started using WhatsApp to accept orders and even put up inventory The stores are signing up with independent distribution companies such as ShopX and Udaan and ordering inventory online A bulk of kirana digitisation solution providers are start-ups such as Near.Store, Snapbizz, Khatabook and StoreSe Ecommerce retailers such as Amazon, Flipkart and Grofers are using kirana…

1 min.
the changing landscape

Consumers placing orders on WhatsApp is already the new norm If a consumer goes online to search for grocery products, it’s likely that the search will throw up details of his/her neighbourhood grocer. The consumer can go to the store’s website, place the order and even pay online A kirana store offering a variety of digital payment options will be the new norm If the neighbourhood kirana store is onboarded by Reliance Retail or Amazon, one can even browse on kiosks set up by these companies at the store and shop for non-grocery products, which will be delivered by the kirana store…

5 min.
time for hyperscale edge data centres

Technology has radically transformed the world we live in today. A borderless world is now a reality — with more than 4.6 billion people — 59 per cent of the world population — now connected through the Internet. India is rapidly picking up pace, with more than 500 million people, almost 40 per cent of the population, having access to the Internet. We have come a long way with technology adoption, and yet this is just the beginning. Adapting to the New Order The global pandemic has made the shift to digital permanent. For the majority of organisations across the globe, digital disruption is the new normal. As the world adapts to these changes, we are seeing substantial shifts in usage patterns and traffic in five key ways: a) from predominantly entertainment…

8 min.
big bang 2.0

IN the middle of the pandemic in April, Tata Consultancy Services (TCS), India’s largest IT services company, announced a deal with US-based Amway to transform the latter’s information technology infrastructure and operations and its global service desk. Just a few weeks ago, Wipro had bagged a strategic, multiyear deal from European firm E.ON for infrastructure modernisation and digital transformation services. The Indian IT industry passed the stress test when the world was grappling with the pandemic. For companies, this meant not only equipping the huge workforce to continue servicing clients from home, but also realigning businesses. As cost takes centrestage both on the demand as well as on the supply side, organisations are embracing changes like never before. From agile, flexible operating and delivery models to reimagining the workforce mix and…

1 min.
how they’re changing the landscape

Cost pressures are pushing clients to renegotiate service contracts and focus on an agile opex model (money spent on a day-to-day basis for a business) of IT infrastructure for faster innovation Stress on user experience, cloud strategy, virtual network, cyber security and increased automation likely to increase digital revenues for companies Move to reduce delivery costs, engage more gig/temporary workers through remote capabilities will create more virtual, offshore delivery services Traditional time and material (T&M) deals are making way for a mix of fixed and variable and risk-sharing deal structures Large clients are looking to replace small vendors as cost pressures force companies to look at consolidation and end-to-end solutions…