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With its headquarters in Mumbai, Shipping Corporation of India is the Indian government-owned public sector enterprise operating and managing vessels to service both National and International trades. SCI being India’s premier shipping line operates around one-third of the Indian tonnage. Established on 2 October 1961, SCI today has evolved to be the largest Indian shipping company. Starting as a marginal liner company with just 19 vessels, SCI changed to be the lifeline of the nation ensuring continued and uninterrupted supply of crude oil, driving the economy.  The presence of modern, young, and diversified fleet with trained and experienced manpower has enhanced SCI’s growth.   The government awarded the prestigious “Navratna“ status to Shipping Corporation of India in 2008.  A slew of innovative strategies delivered an enhanced graph of profitability. Shipping Corporation of India is the only shipping company to deliver overseas Liner Break-bulk services to the In...

COVID-19 outbreak across the world has transformed the countries into a state of complete lockdown. The small and big cities across India are witnessing the tragic loss of life with coronavirus spreading like a wildfire increasing the panic situation each passing day. The Indian government has announced a complete lockdown till 3 rd May to prevent the spread of this global time bomb. Truly, the shelter in place order is ensuring a slowdown of cases rising at an alarming speed across the country.  Adversely impacting the business world, the COVID-19 pandemic has threatened the growth of small and big businesses. The businesses have announced remote working facilities for their employees turning at-home workplace to be a reality. Working away from the office, people are attending virtual meetings, webinars, and conference calls to continue working smoothly and sharpen their skills.  A recession in the economy due to country-wide quarantines and social distancing lea...

Imagine what banks looked like before 1970. Long queues and particularly long waiting period for just about any transaction was normal. People were customers of a branch and not really a parent bank. All transactions could be performed at your particular branch only. Any entry only reflected after more than 24 hours as information went to data centers in batches at the end of the working day. However, over the next 40 years most banks chose to create a Centralized Online Real-time Exchange or Environment (CORE) to manage their operations, thus giving rise to Core Banking. In India alone, the number of public sector bank branches with core banking implementation went from 79.4% in March 2009 to 90% in March 2010. All over the world, the numbers are closing in on cent per cent. According to US-based research and advisory firm Gartner, core banking system (CBS) is basically a back-end system that performs banking transactions on a daily basis and updates accounts and ...

The dawn of Digital Transformation marks the beginning of a technological revolution. This decade is all about connecting people to smart devices and transforming the way business is done. As we step into the digital era, smart cities, smart homes, smart retail, smart farming, connected cars, connected wearable devices, and connected healthcare is gaining popularity. Surely, the Digital era brings a connected life for Indians with a connected society. In the technological rat race, the Internet of Things (IoT) has become an important trend transforming the Indian industries. It has the potential to bring in the next industrial revolution serving not just humans but humanity. The IoT cloud platform stores huge data generated by the sensors, websites, and applications enabling real-time solutions, responses and analytics. As the world turns increasingly digital, IoT has unlocked its potential to change interactions between humans and machines thus transforming li...

A few months back everything was in the ‘cloud’ but the buzzword these days is ‘Fog Computing’ and it is related to how efficiently data is being stored and accessed. Basically, cloud computing is the ability to store and retrieve data from an off-site location. Cloud computing is a major reason how the traditional phones got smart. Our phones don’t have a lot of built in space in order to store information that is needed to access applications and services. All the data is being transmitted to and from the cloud in order to provide the services we need. But there is a problem with cloud computing technology, it’s the limitation of bandwidth. A report by World Economic Forum (WEF) predicted that U.S. ranks 35th in the world for bandwidth per user, this is a serious issue if you’re trying to transmit data wirelessly. The idea of Fog Computing attempts to beat some of these physical limitations. With Fog Computing technology, all the processing happens on devices physica...