Report on Information Technology in Banking industry - Group 4 - SEC B

                                                                                                                                                                                          Technological innovations and advancements have spread into every sphere of life. And banking is no exception. With competition being tough and fierce, business, specially banking, has to adopt new methods and techniques. Modern banking essentially implies use of modern technology and communication tools such as computer and the Internet, for bringing about more efficiency and speed in banking operations and making them more and more customer friendly and customer focused.

As building profitable and long lasting relationships with customers has become paramount to banks, Customer relationship management  (CRM) through data mining is crucial in satisfying the customers and in improving their loyalty. The quantification, measurement, mitigation and management of risks occurring in banks while conducting their business are an integral part of successful and efficient banking operations. Various statistical and computer science algorithms are used for  quantifying and managing the risk. Storage area networks (SAN) is a dedicated, centrally managed, secure information infrastructure, which enables any-to-any  interconnection of servers and storage systems. Using SAN, banks can store their wealth of information in an organized, secure and an easily accessible manner. The role of banking in ensuring business  continuity  is crucial to meet the efficient standards of customer service and the BCP technology systems play a crucial role in ensuring this aspect. We would like to study the influence and the importance of the above mentioned technologies in ICICI bank.

By Group 4

1. Nandakumar L - 30027
2. Premnath V   - 30034
3. Soma Vignesh A -30043
4. Vivekanandan. I -30053
5. Abinaya M    - 30061
6. Tanvi Lamba  -30125

TECHNOLOGY REPORT - ANIMATION INDUSTRY

Abstract – The Movie Industry

The movie industry worldwide is estimated to be worth more than $37.4 billion and this number is increasing drastically with time. The industry witnesses a large number of technological innovations and trends keep changing at a very fast rate. Gone are the days of celluloid and enormous contraptions used for filming. Innovations and inventions made in both the hardware and the software involved in movie making have changed the way movies are being recorded, edited, transformed and rendered. Film formats have evolved from 90 mm negative gauges to 35 mm negative gauges over the years. Editing softwares like Media Composer and Sony Vegas Pro used today provide tremendous flexibility and convenience in the movie making process. The introduction of computer graphics prompted a shift from conventional movies. Animation is now being used extensively and the number of animated movies is on the rise. Pixar, one of the leading and most well-known animation studios has created a number of box-office hits. 3-D modelling softwares like Carrara, 3D Studio Max and Hexagon are used in both animated and real-life motion pictures. High competition forces the movie houses to constantly innovate and sometimes even create their own technology.

TECHNOLOGY IN HOSPITALITY INDUSTRY - A REPORT - GROUP 6 - SEC 'B':

     The Hospitality industry by dictionary is a cluster of industries comprising of accommodations, food services, and recreation, entertainment and amusement sectors.

     The entire industry depends on two factors - leisure time and disposable income of clients.

     Globally, the hospitality industry is worth $593bn. The total market size of Indian hospitality sector stood at US$ 117.7 billion and is expected to touch US$ 418.9 billion by 2022. The foreign direct investment (FDI) inflows in hotel and tourism sector during April 2000 to July 2013 stood at US$ 6,754.49 million, as per the data released by Department of Industrial Policy and Promotion (DIPP).Foreign tourist arrivals (FTA) during the Month of August 2013 stood at 4.74 lakh as compared to FTAs of 4.46 lakh during August 2012, registering a growth of 6.4 per cent.

     Hospitality industry is one of the fast transforming industries. Today, within the hospitality sector, technology has invaded fast into the forefront of customer service, resulting in increased expectations of visitors, for even more personalized service. The feeling that employees will offer personalized knowledge for each guest by knowing a certain level of personal information of guests is more often required in today's hospitality sector. Technology will not only increase the productivity of employees, but helps deliver personalized and secure service to valued guests. In this, easy access to needed documents is a key factor.  

Technology aids increase in customer involvement using:  
• Mobiles and Apps
• Digital
 • Mobile Payment
• Social Media

We would, therefore analyze the technology used, with respect to hotel industry as a part of our research on the latest technology implemented in this industry.

group 3-telecom

Alexander Graham Bell's invention of the telephone in 1876 rang in the era of talking at a distance. Innovators in the 20th century expanded the telephone's reach across continents and oceans, figuratively shrinking the world and connecting its citizens. Electronic switching systems and other technological advances helped customers place calls without the help of operators. By the year 2000, more than a billion people all over the world had gone wireless—using cellular technology(like GSM, GPRS, 3G and emerging technologies like LTE, WiMax, IP multimedia ) to talk and deliver text and photos on mobile phones.

Several service providers (like Vodafone, Airtel etc) came into being offering competitive services. Customer churn became a major issue. Hence emerged a change in the service provider’s vision to a more customer centric network and service management aimed at providing superior quality service to customers and thus build upon their loyalty.

OTA automated service provision, activation and deactivation is imperative for a hassle free customer experience and for quick service delivery. Also real time monitoring of the traffic is required to identify any bottlenecks in transmission hence find solutions for their eradication.

We will be considering the IT solutions adopted by telecom service providers to provide the above services.

                    IT in Insecticide Industry

 Mosquitos are the most pestering insects that people hate the most of all and it is the antigen of all severe diseases that are both epidemic and endemic in any country. In the insecticide sector, Godrej Consumer Products Limited (GCPL) is the pioneer in innovating and implementing new technologies that will facilitate the consumer to the dearest; And GCPL is the trailblazer in the mosquito coil industry scenario. In the past 5 years GCPL has implemented the following Technologies.,1.SAP-ERP tool to facilitate the supplier procurement-production-distribution cycles; It has facilitated to manage inventory, production planning with a lean inventory and satisficing both vendor and consumers effectively;

In the factory premises; This will also help in procurement of raw materials before it gets vacuous.2They had added a RFID tag mechanism for lot(batch process) to checkout whether the lots are processed within the prescribed time, failing which the cyclothrin(Mosquito paralyzing chem) will lose its consistency, and to check the production done in a day to summarize the production linked with SAP.3. GCPL implemented the production stabilization project to remove the scraps that occur in the production scenario and will send it to re-work., rework also includes scraps, spillages and other data fragments to re-mould it into the finished good respectively. 4.GCPL impregnates the cartons of finished goods with Bar-code and Product with QR code to facilitate inventory mechanism for the vendor as well as the distributor; And ID card with RFID tag for attendance mechanisms facilitating labour management effectively.

Technology Report

We will productively utilized this forum, for sharing technology related news and latest trends.

Instructions for Assignment 1:

Assignment: Technology Report 

Recent Technology Trends in Industry

Introduction: Which industry are you studying about and what technology? Why did you choose this?

Background: How has the technology developed? What was there prior to this? Is it a off-the-shelf product or customized? How much investment is required?

Organizational Use: How companies use the technology? Is training a serious concern? How will this technology be integrated with the various department? How the technology works? Any other concerns? 

Shortcoming: How this might go wrong? Any bad experiences using the technology?

Conclusion: Overall opinion of the technology and how it is used? Any other interesting facts/learning from this activity 

Deadline for the report submission: 25.Oct.2013 11.00 pm - Soft copy email the report to pgp30itm@gmail.com

Abstract (in 200 words) to be uploaded on or before 22.10.2013 11.00 pm in this blog.

Full Report Page Limit: not more than 10 pages covering all the areas highlighted above.

The email to be sent should include this format in the subject line  PGP_[Sec]-Group_[No]-Tech Report_[Industry]