its about how technology has transformed in the world and the country

1. DIGITAL REVOLUTION
A transformation in use of technology
7892724524
AVINASH KH
AVINASH@IFIM.EDU.IN
17-MBA-08(2017-2019)

2. Keywords
 Areas impacted the growth in economy
 Digital transformation in banking sector
 Change in computer and software development
Affliations of IFIM institution
 IFIM maintains collaborations with ESC Rennes School of Business, University of Applied
Sciences, Lubeck, Virginia Commonwealth University, Manchester Metropolitan
University, University of Milano-Bicocca, Nanyang Technological University, University of
Wollongong and Plymouth University.
 IFIMmainlyaffiliatedwith All India council technical education(AICTE)
Abstract
technology will only get more advanced. More people's lives will be saved but more jobs will be
automated. Robots will become "smarter" and be able to do things unimaginable. We must not become
too dependent on technology. The more and more sophisticated machines become, the more obsolete
human beings become. Humans survive off of productivity. Chaos would arise if us humans were no
longer needed, if we became obsolete. Technology has its place, but we do too."

3. Introduction
Digital Revolution has been introduced in late 1950-1970s with the adoption of digital computers and records
keeping the record at present. there has been a huge change in the advancement of technology in India due to
digital transformation in all the sectors Digital Revolution is all about evolving for better tomorrow. As defined,
revolution refers to a sudden transformation of human endeavour. This transformation can have major impact in
different ways on different cultures, economies and above all the mankind. The widespread progress of
computer technology paved the way towards the prime concept–Internet, which led to technology becoming the
central axis for extensively redefining Digital technology
Embarking with the new concept of communication, the interaction between individuals and organizations
underwent a radical change. It changed technology from analogy into a digital format, allowing for a faster and
efficient exchange of information. The pivotal point to this revolution is the use of digital logic circuits,
computers, mobile phones, and the Internet and this further led to development of advanced digital computers.
Digital computers denote to the phenomenal transition in communication, media, and devices using an analog
form to a form expressed in digits leading to rapid globalization, and eventually digital revolution.
Digital revolution has never about technology but more to do with the people how do they get impacted with
their day to day life This also led to the widespread transition of telecommunications creating innovative ways
of working and socializing. Digital Revolution completely transformed the way information dispersed across
various sectors of the globe; providing grounds for businesses to move beyond the national markets to other
markets, thereby reaching international markets, increasing the inter-connection of the world.
The world has successfully transpired into a digitally revolutionized platform, letting people and industries to
evolve on a faster pace. The use of technology through a digital platform has enhanced countries, social
organizations, and companies largely towards their productivity, making the world a more competitive place to
survive towards their race to a desired future. For instance, organizations have realized that in order to stay
competitive, they have to stay focused and flexible to the frequent changes in technological developments.
Embracing digital revolution surely makes a big difference to the present situation of a company, but their
success is defined completely by the way these companies put the technology to use.
Additionally, digital revolution has surfaced two noteworthy characteristics across organizations–creating
various products and services, embedded with digital technology, and through the use of digital channels target
their desired audience. The digital revolution is more of people centric transformation, as they are the key to
enhance the value of these transformations, while ensuring the sustainability of the same. Organizations need to
be more informed and prepared to evolve quickly and make sure that every employee has equal scope of
participating and achieving goals.
Many organizations have more looked on for technology like human robots recently which received citizen ship
in Saudi Arabia. digital revolution has boosted new avenues of communication empowering the economy and

4. its consumers providing them access to information at any point of time through its diverse platforms. digital
revolution has paved the way for creation, communication, and collaboration resulting in less barriers and more
efficiency for innumerable organizations.
Digital evolution in India
With nearly 46 Million internet users and a growth rate of 7-8 per cent, India represents a digital economy,
which has biggest market potential for global players. This digital revolution, also known as the Internet
economy', is expected to generate new market growth opportunities, jobs and become the biggest business
opportunity for businesses in the next 30 to 40 years India has shown promise and proved leadership in the
digital technologies over the past decade. It is time India's new leadership supports and fuels the digital
economy to turn it into a major growth enabler. Prime Minister Narendra Modi's "Digital India" programme's
mention among the top priorities for the government, is a welcome change and is a resounding nod to the digital
opportunities.
Changing Public Policy to ensure Successful Digital Evolution
The launch of Digital India by the Prime Minister Narendra Modi, with the objective of connecting rural areas
with high-speed Internet networks and improving digital literacy, digital revolution has already started
happening in India. This vision of the digital India programme presented by the central government has resulted
in inclusive growth in areas of electronic services, products, manufacturing, and job opportunities.
Key areas that have been positively impacted ensuring growth of the digital economy include:
 Digital Infrastructure as a utility to every citizen
 Governance and services on demand
 Digital empowerment of citizens.
 Also, while demonetization might have not made much impact, it has created a new conversation
around digital payments - with not just fin-tech start-ups and the banking sector, but also the
government itself taking steps to on board the unbanked.

5. digital India has plans to driving it sector in government spending
Digital revolutions have made more impact on computer, software and data development
In the late 1980s, less than 1% of the world's technologically stored information was in digital format, while it
was 94% in 2007, with more than 99% by 2014. The year 2002 is estimated to be the year when human kind
was able to store more information in digital, than in analog format (the beginning of the digital age
It is estimated that the world's capacity to store information has increased from 2.6 (optimally compressed)
Exabyte’s in 1986, to some 5,000 Exabyte’s in 2014 5 zettabytes.

6. 1990
 Cell phone subscribers: 12.5 million 0.25% of world population in 1990
 Internet users: 2.8 million 0.05% of world population in 1990
2002
 Cell phone subscribers: 1.2 billion 19% of world population in 2002
 Internet users: 631 million 11% of world population in 2002
2010
 Cell phone subscribers: 4 billion 68% of world population in 2010
 Internet users: 1.8 billion 26.6% of world population in 2010
2016
 Internet users: 3.6 billion 49.5% of world population in 2016
Technology in India is set to explode in India with fast grower technological and economic growth in a country.
India already has over 1 billion mobile phone users. It also has the second-largest online population in the
world after China with 462 million internet users. These huge numbers of users are laying the groundwork for
explosive growth in other technologies like the mobile internet, digital payments, cloud computing and the
internet of things. When you talk about numbers for countries like India and China, it’s like talking about the
universe – it’s hard to comprehend the numbers involved because they’re so big. 10 billion washing machines,
refrigerators, mobile phones and microwaves connected over the internet of things – in one country – is that
kind of incomprehensible big number.
If these technologies are adopted as much as expected, these applications could have an annual economic
impact of US$500 billion to US$ 1 trillion per year in 2025, according to McKinsey. That would represent 20
to 30 percent of India’s incremental economic growth between 2012 and 2025.
India will have to deal with enormous challenges before joining the economic premier league. So just because
it’s a great long-term growth story doesn’t mean it’s the best investment for your portfolio at the moment. But
as we’ve written recently, if you get the big picture right, it helps a lot. And because of its size and economic
trajectory, India is painting a very big economic picture.
India on a verge of digital revolution with a statistical table and information According to Mckinsey global
institute.

8. Looking at the graphical representation India and number of digital buyers in India is increasing. Digital
transformation in every sectors have made a better utilisation of the resources. After post-independence India
has been drastically changed with the economy and other policies with revolution in technology. Digital
revolution has made a huge impact on the country development. When we come to education there is digital
revolution. In Education, there is no sphere of our lives that is not touched by the Digital Revolution happening
around us. Rapidly evolving technology is transforming the way that knowledge is imparted and absorbed
today. The internet now plays a crucial role in the digital educational ecosystem.
The process of imparting education has gone through a sea change if we look at the picture 10-20 years before
now. Technology has taken over almost every field of our lives and the onset of online courses came as a path-
breaker. No longer did one need to have access to schools, time or a lot of money! All one needed was a good
internet connection and a computer.
With nearly a billion people on mobile phones and over 200 million mobiles connected to the internet, there has
been a considerable rise in digital learning.
The use of best-in-class content, real-time learning and feedback methods, and personalised instructions has
encouraged online learning
People are stepping towards digital learning as the ed-tech firms are providing them the comfort of 'live and
interactive' anywhere learning in digital format, through its online programmes.
These online courses are affordable and easily accessible
Digital learning aims to break the numerous barriers that are preventing people from receiving quality
education in the physically bound classrooms.
Digital literacy is here to stay and if we are serious about taking advantage of the potential benefits of digital
learning then we need to appropriately resource our schools and teachers.

9. Evolution of technology has been the foundation stone of progress and has over the centuries changed the way
societies function. Technological inventions have revolutionized each sector of the society by reducing human
labour, brining efficiency and increasing productivity. Be it introduction of information communication
technologies in education, digitization in the media and services sector, automated devices for health care ; each
sphere of society gets a boost with the touch of technology. For a country like India that has a perfect blend of
rich traditional heritage and one of the fastest growing economies with the largest ‘young ‘population; there is an
immense opportunity to change the face of the society with technological revolution. While the country has seen
implementation of technological inventions in various fields in several decades after independence, the present
Government has acted as a catalyst in not only speeding up the process of digital revolution in the country but
also taking an initiative in bridging the digital divide in the country. The past three years have not only witnessed
a swift rise in exploration, implementation and utilization of digital technologies but also focused on taking
digitization and its benefits to the grass root level and especially to the less privileged sections of the society.
Digital revolution in India is significant as it promises to bring a multi-dimensional metamorphosis in almost all
sectors of the society. From digitization in governance to better health care and educational services, cashless
economy and digital transactions, transparency in bureaucracy, fair and quick distribution of welfare schemes all
seem achievable with the digital India initiative of the present Government. A look at Government initiatives in
various sectors in past three years show how digital revolution in India is not only changing the way society
functions but also bridging the gap between the haves and the have-nots of the country.
The quality of education in any society forms the foundation stone for the very fabric of the society. Keeping in
mind the importance of education, the digital India initiatives puts together a number of digital services for
improving the dissemination of education in society. Be it primary level, secondary level or higher education and
research facilities, the various digital schemes in this sector are revolutionizing the education system in the
country. While there are a number of schemes in the education sector, to mention a few –‘SWAYAM’ scheme
provides an opportunity to students to access courses taught in classrooms from ninth standard to post graduation,
that can be accessed by anyone, anywhere at any time. This digital scheme not only brings education at the door
step of numerous students but also aims to bridge the digital divide as students who cannot join mainstream or
formal education can access this application. Another digital scheme is ‘ePATHSHALA’ which disseminates all
educational content through website and mobile app. Next in row are schemes like ‘Mid-Day Meal Monitoring
App’, ‘Shaala Sidhi’ and ‘Shaala Darpan’ that focus on quality of school administration and evaluate the schools
and kendriya vidyalas to improve the quality of education. Promoting research skills is the ‘OLABS’ digital
scheme. OLabs i.e. online labs for school lab experiments provide students with ease of conducting experiments
over internet. In the area of higher education Government has the ‘National Scholarship Portal’, ‘eGranthalya’,
‘National Knowledge Network’ to name a few. These digital initiatives not only look at improving the sector of
education but are reaching out in bringing education to the underprivileged, thus utilizing the digital revolution
to bridge the gap between haves and have-nots of education.

10. While education sector constructs the fabric of the society, Health care is an equally important sector for a society
that has a secure and stable future. The various digital initiatives of the Government in the health services include -
‘Digital AIIMS’ a project that aims to create an effective linkage between UIDAI and AIIMS; the ‘e-hospitals’
scheme that is an open source health management system; ‘mRaktkosh’ – a web based mechanism that
interconnects all blood banks of the state into a single network. Besides health and Education, the present
Government has also taken various initiatives to digitize governance. For instance, the ‘UMANG’ aims to bring
one stop solution to all government services e-panchayat ‘eDistricts’, eOffice; are also some of the services to
digitize governance and administration in the country. Besides these the ‘National Voters Service Portal’ and
‘ECI-EVM Tracking Services are also bringing about transparency in governance. The AADHAR scheme and
BHIM app are also significant in speeding up the process of digitizing the economy.
Unique to India’s character is the agriculture sector. The Governments’ Digital India initiative is also proving a
number of schemes for the benefit of the farmer. Some of the schemes in the agriculture sector include, ‘mkisan’,
‘farmer portal’, ‘Kisan Suvidha app’, ‘Pusa Krishi’, ‘Soil Health Card app’ , ‘eNAM’, ‘Crop Insurance Mobile
APP’ , ‘Agri Market app’ and ‘Fertilizer Monitoring App. Keeping in mind women’s safety, applications like
‘Nirbhaya app’ and ‘Himmat app’ have been launched that facilitate sending of distress calls. There are also apps
for law enforcement agencies, courts and judiciary.
Thus, several initiatives by Government in various sectors are not only an attempt to revolutionise the society but
also focus on utilizing the digital technologies to elevate the down trodden and bridge the gap between the
different social strata.
Technology has been a disruptive force of India digital revolution
Post-demonetization India has leapfrogged three years in digital payments as reported by ‘SBI research’.
Further dispelling fears of slump in digital payments, NITI Aayog has said that digital payments rose 55 percent
in 2016-17 against a 28 percent growth in the five-year period ending 2016.
Essentially the future for digital payments is very bright through mobile wallets, even more so through United
Payment Interface (UPI). As India transitions from a ‘cash based’ society to ‘less cash’ society, digital
applications such as mobile wallets and UPI become indispensable. The government's initiatives around Jan
Dhan accounts and cash transfer of benefits allowed the un-banked to be banked.
The number of accounts that have been opened and the money deposited has surprised everyone, on the last
count the Jan Dhan Yojana accounts has topped Rs 64,000 crore!
The implication is immense not only for the banking and financial industry but also for industries supporting
this segment such as telecom, technology and IT. The two large impacts on the banking industry are:

11. Coverage or geographical reach to serve these millions of accounts, some of them with zero balance
Semi-urban and rural communities still rely on cash which puts pressure on last mile access (ATM) to be
provisioned.
Both the above factors increase cost and margin pressure on banks which also impacts their more profitable
urban operations leading to under investment
Telecommunication and technology which has changed the face of India is the panacea and a means of serving
customers across the length and breadth of this country. India is now accounting for almost 100 percent telecom
penetration and contrary to expectation on technology adoption, people have taken to it like fish to water.
This has not only created a telecommunication boom but also provided impetus to our citizens dreams of
achieving prosperity. The telecom and technology industry has enabled key digital payment solutions such as:
Mobile wallets for paying bills or buying goods
UPI has allowed safe and secure transfers between anyone who has a phone
Micro-ATM’s have proved a viable option to deploying full scale ATM’s
All these have made universal banking possible besides reducing cost and margin pressures on banks. This has
been made possible not by magic but by the ‘behind the scenes’ enabler, telecommunications.
Telecom has allowed for seamless connectivity and inter-operability between banks, financial institutions and
clearing houses. It has allowed for the successful implementation of all the apps that power digital payments
and banking. The government’s initiatives around ‘Bharatnet’, smart cities and WiFi’villages will be the
catalyst in empowering Indian citizens to transact digitally.
Technology is the disruptive force which is powering the digital revolution.
Bibliography
o priyankablogthoughts.com/digital-revolution-in-India
o www.thesmartmanager.com/tag/digital-revolution-india
o www.businessinsider.com/india-is-on-the-verge-of-a-digital-revolution-2016-9