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Management
E-Business
October' 06
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Demystifying Bluetooth Technology
Adoption of Bluetooth Technology : Europe vs. US
Online Commodities Exchanges : The Emerging Trends
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Demystifying Bluetooth Technology

- - Vishakha Munshi

Bluetooth technology is a short-range, low-power, low-cost wireless communications technology. The key feature of this technology is that it replaces the cables which connect portable and fixed devices, and simultaneously maintains high levels of security. It gives a uniform robust structure for a wide range of electronic devices, ranging from laptops to mobile phones, to digital cameras audio equipments and printers, allowing them to connect and communicate with each other. This article examines the technological aspects of Bluetooth, its key features and application. It also highlights the security challenges while using the technology and examines its future potential.

Article Price : Rs.50

Adoption of Bluetooth Technology : Europe vs. US

- - Minita Sinha

The article presents a comprehensive view on Bluetooth technology. The different applications that use Bluetooth technology and the issues regarding its adoption are discussed. The article examines the reasons behind the low adoption of this technology in the US and compares it with that of Europe. It also discusses the application of Bluetooth in home security and enterprise use in the US.

Article Price : Rs.50

The Role of SMS in Multichannel Business Communications

In an age of multichannel business communications, effective interaction with customers requires coordinated messaging at every stage of the sales, service, and support cycles. Messages delivered through multiple channels-whether e-mail, fax, HTML page, or automated voice call-must be properly timed and targeted to cut through the noise of spam, pop-ups, and mass-market advertising. Short Message Service (SMS) provides an extraordinary opportunity for businesses in the US to differentiate their messaging. It serves as a powerful tool for connecting with customers, particularly in emerging markets.

The Mobile Enterprise Strategy

- - S Jaya Krishna

Only a few companies have embraced mobility with a strategic vision. With the increasing adoption of mobile solutions, it is essential to evolve from tactical mobility project to an enterprise-wide approach to mobility. This article accentuates the need for a mobile strategy and the importance of evolving from tactical mobility projects to a consolidated, managed, enterprise-wide approach to mobility to limit operational costs and security risks. It explains the essential elements that form the mobile technology strategy.

Online Commodities Exchanges : The Emerging Trends

- - V Shunmugam, DG Prasad

The use of IT has made it simpler for the participants to trade in the commodity markets; it has also led to higher levels of efficiency, improved risk management, thereby resulting in reduced cost of market participation, taking the online exchanges to unparalleled levels of competency. Riding on national level electronic online trading platform, MCX and other national level multi-commodity exchanges have brought in more transparency in the markets.

Article Price : Rs.50

The Path to World-class IT Governance

- - Fred Gattelaro

Many organizations do not have a well-defined strategy to implement IT projects and they do not follow the path to mature IT governance. Successful implementation of governance initiatives require adoption of maturity-based approach that allows organizations to launch new tools and processes on an incremental basis. This approach helps in identifying and prioritizing opportunities that can deliver best value in quick time. The article describes seven critical process categories that can be used to assess an organization's IT governance maturity level.

Workforce Crisis

- - Ken Dychtwald, Tamara J Erickson and Robert Morison

With the huge numbers of old people ready to retire and declining birth rates in the US, there will be a major deficit for talented workers. The authors of this book believe that companies will face the workforce crisis in the near future. To overcome this disaster, companies should concentrate on their workforce, analyze the future situation and come out with good workforce retention strategies. The authors present innovative strategies for rewriting the employment deal and leveraging the talent of the people in order to achieve success.

Browser Wars II : The Release of IE7 (Beta 2)

- - Rajiv Fernando, Hadiya Faheem and Soorya Tejamoortula

Though Microsoft was a late entrant in the web browser market, in the late 1990s, it used its dominance in the Operating System (OS) market to gain a 96% market share in the web browser market till June 2004. However, the release of Firefox, an open-source browser, in 2004, and the security concerns regarding its IE6 browser not only led to a decline in its market share but also compelled Microsoft to release a new Beta version of its Internet Explorer (IE) web browser, IE7 Beta 2 in April 2006. The case examines the rationale behind Microsoft's release of the new version IE browser, apart from highlighting the competition between Microsoft and Google Inc. for the search-based online advertising market.

"The challenge is in integrating the online operation with legacy systems and processes".

- - Les Boggia

In the interview, Les Boggia, Head of IT at UK-based Carole Nash Insurance Consultants Ltd., explains the reasons that led to the adoption of the new project management software at Carole Nash, the implementation process and the benefits of the software. He also shares insights on how the project management software integrates with other applications and the problems faced while implementing it.

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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