NOLEGEIN- Journal of Information Technology & Management

Information Technology for Corporate Survival and Growth: Learning from the past and preparing for the future.

Trilok Kumar Jain — 2024-08-01

This essay examines the significant influence of technology on company operations, emphasizing the role those technical advancements—or their absence—have on the success and failure of companies. Through an analysis of past case studies involving corporations such as Remington, Kodak, and Sony, the study draws attention to the crucial errors committed because of failing to recognize emerging technologies and their consequences. The article attempts to give modern corporate leaders practical insights to manage the current technological landscape and get ready for future difficulties by a thorough review of past mistakes. The significance of ongoing innovation and flexibility is emphasized by identifying key strategic areas for growth and decision-making. The revolutionary significance of cloud computing and artificial intelligence (AI) in improving strategic planning, operational effectiveness, and decision-making is also covered in this study. The intention is to give company executives a thorough understanding of how to use technology to gain a competitive edge and long-term success. The report also emphasizes the revolutionary power of cloud computing and artificial intelligence (AI) in improving strategic planning, operational efficiency, and decision-making processes. By learning from past failures and leveraging current technological advances, the essay intends to empower business executives with the skills to obtain a competitive edge and achieve long-term success in an increasingly complicated and dynamic market environment.

A Study on Digital Currencies & Blockchain Technologies

Bhagyashri Ambuskar — 2024-08-22

Digital currencies and blockchain technology have been pivotal topics in recent years, promising to revolutionize numerous industries, particularly finance. This essay provides a comprehensive examination of digital currencies and blockchain technology, outlining their history, mechanisms, applications, challenges, and future prospects. Starting with an exploration of basic concepts, the study traces the historical development of digital currencies from the inception of Bitcoin to the rise of various other cryptocurrencies and stablecoins. Key blockchain components are explained, highlighting how they facilitate secure, transparent, and immutable transactions. These components include decentralized consensus algorithms, smart contracts, and decentralized applications (DApps). The study explores the wide range of blockchain applications beyond cryptocurrency, including decentralized finance (DeFi), supply chain management, and healthcare. It emphasizes how these technologies have the potential to revolutionize various industries by enhancing inclusion, efficiency, and transparency. The study also addresses significant challenges faced by blockchain technology and digital currencies, such as interoperability issues, scalability concerns, regulatory uncertainties, and security risks. Despite these obstacles, the field continues to experience ongoing innovation and experimentation, focusing on emerging trends like DeFi, non-fungible tokens (NFTs), and the integration of blockchain technology with advanced innovations such as artificial intelligence and the Internet of Things (IoT). Future directions for blockchain technology and digital currency are examined, underscoring the need for multidisciplinary collaboration, robust governance frameworks, and continuous research to fully realize their potential for transforming global economic and social systems. Through this in-depth analysis, the study aims to provide valuable insights into the complex dynamics and potential applications of blockchain technology and digital currency.

The Evolution of Digital Payments in India: Assessing Impacts and Adoption Trends Before and After Demonetization

Nitesh Dubey — 2024-08-22

This study investigates the evolution of digital payment systems in India, analyzing the impact of demonetization on adoption trends and perceptions before and after the policy change. The research employs a mixed-method approach, utilizing a structured questionnaire to gather quantitative data from a stratified sample of Indian residents. The questionnaire explores demographic factors, frequency of digital payment usage, changes in cash usage post-demonetization, perceived security, satisfaction levels, and readiness for a cashless economy. Statistical analysis including Chi-Square tests, Wilcoxon Signed-Rank employed to analyze the data and draw insights into the factors influencing digital payment adoption. Qualitative insights from open-ended responses will complement quantitative findings. The study aims to provide a comprehensive understanding of India's cashless system, offering insights that can inform policies and strategies to promote further adoption of digital payments in the country. The result reveled that Demonetization didn't change the amount of cash in the economy much, and the economy grew at a similar rate before and after demonetization. However, people faced some immediate problems because of it. Also, after demonetization, more people started using digital payments instead of cash. the public faced a number of difficulties in the immediate wake of demonetization. Despite these difficulties, the use of digital payment systems increased noticeably after demonetization, suggesting a change in customer behaviour toward cashless purchases. This change indicates the possibility of a further integration of digital payment systems into regular economic activity in India.

A Study on Talent Acquisition and Retention Strategies of IT Industries in Madhya Pradesh

Robin Vedi — 2024-08-22

Technological innovation and economic growth are significantly influenced by the Information Technology (IT) sector. This study delves into the talent acquisition and retention strategies employed by IT companies in Madhya Pradesh, aiming to understand the unique challenges and opportunities within the region. The research combines qualitative and quantitative methods to provide a comprehensive analysis.

The study begins by examining the current state of the IT industry in Madhya Pradesh, considering factors such as market dynamics, economic conditions, and the overall business environment. It then explores the specific talent acquisition strategies employed by IT firms, focusing on recruitment practices, skill identification, and collaboration with educational institutions. Retention of skilled professionals is a critical aspect of sustaining growth in the IT sector. The study assesses the various retention strategies adopted by companies in Madhya Pradesh, including employee engagement programs, skill development initiatives, flexible work arrangements, and career advancement opportunities It investigates how these tactics affect workers' contentment, fidelity, and sustained dedication to the company. Furthermore, the research delves into the role of technology in shaping talent management practices, including the use of data analytics, artificial intelligence, and machine learning in predicting workforce trends, identifying potential talent, and optimizing employee experiences. The findings of this study are expected to provide valuable insights for IT companies, policymakers, and educational institutions in Madhya Pradesh, helping them refine their talent acquisition and retention strategies Understanding the dynamics of the regional IT market and putting good policies in place can help the sector flourish and greatly advance the region's economy.

Gamification as a Strategic Tool in Management and Customer Engagement

Ganesh — 2024-08-22

Gamification is the application of different gaming techniques, game designs, games and game principles in non-game environments. It can be defined as the process and method of solving different problems using or using the objects and features in the game mechanics and content. In general, gamification uses game design to improve user relationships or collaboration, productivity, hiring, processes, crowdsourcing, crime in automobiles, education, health, insurance and assessment, voter fraud, ease of use, efficiency, physical activity, traffic violations to be committed a crime, public attitudes towards other powers, etc. Gamification techniques are used for social, intellectual, educational, exercise, competitions, leaderboards, badges, achievements, events, and self-expression purposes to increase customer or users’ satisfaction, easily capture their impact on the framework or simplify various steps of the situation. Personal as A role-playing or simulation game or game. Research on gamification shows that most studies on gamification achieve positive results. However, since it is a new part of the business compared to other businesses, there are differences of opinion between individuals and situations. How can gamification strategies help increase customer engagement? Can gamification be used as a strategic tool in management?