THE MODREN BUSINESS OPPOURTUNITIES FOR NEXT YEARS

INTRODUCTION

The dramatic rise of India as an economic superpower has been one of the most significant results of

globalisation.

With rising income levels

A knowledgeable workforce

An open regulatory environment and a consistent GDP growth,

India is positioned to be at the forefront of both supply-side efficiency and new market

opportunities. If looking for a leadership role in the post-globalisation era, you have to look for new

markets, innovative business models, and identify new sources of efficiency in emerging markets.

The Inside India portfolio of programmes gives you an insider’s perspective to the dynamic markets

of India, its business environment, socio-cultural norms, and emerging opportunities. With a well-

designed action learning project incorporated in each programme, you will apply your learning in

real-time, and thus gain actionable strategic insights about the workings of emerging economies.

The total wealth of India has tripled in a decade of $3.5 trillion and

expected to double again in next 5 years ,these was from the report by the famous financial analyst

and investment firm called Credit Suisse. In India 1.1 million jobs will be created as per the report of

Aon Hewitt a global HR firm

SMART BUSINESS OPPOURTUNITIES IN NEXT GENERATION LEVEL

BIG DATA

Every year, companies and individuals generate billions of gigabytes of data. Data, which properly

analysed and used in time, can emerge as an unbeatable competitive advantage. Enterprises need to

recognise the prospect big data represents and should adapt their IT strategy to capture such

opportunities. Big data can help retailers predict buying decisions of shoppers; it can help banks

weed out fraudulent transactions; while governments can use big data to provide services directly to

their citizens. Hence if we are starting analysis in this field, it could be a better move.

Also for the big data analysts the scope was unpredictable, since the companies need people those

who are well trained in this field.

CLOUD COMPUTING

The undeniable power of cloud computing to foster innovations and improve productivity is now

accepted by both IT vendors and their customers. While the financial services and government

sectors are mostly moving to a private cloud model due to information security concerns, other

industries like healthcare and retail have adopted public cloud. Moreover, their existing

infrastructure has helped telecom players to emerge as providers of cloud computing, leading to

erosion in boundaries between IT and telecom vendors.

SOCIAL MEDIA

A social media strategy has become a must for all enterprises, be it banks, retailers or the

government. With over one billion individuals logged on to various social networks , people are now

using social media for advice on what products to buy, where to shop and even regarding what firms

they want to work with. While most enterprises use social media for their customer service function,

Only, many firms have now started using social media for their customer service function only; many

firms have now started using social media in tandem with their sales and marketing functions. This in

turn enables firms to use data generated by the customers effectively to service their larger pool of

customers.

ORGANIC FARMING

Increasing numbers of people care about the quality of the food they eat, wanting it to be both

healthy and safe. Worldwide it’s a $US 59 billion dollar business. The market exporting processed

organic foods, rather than shipping commodities.

HEALTH CARE FIELD

In the health care filed; the people are more health conscious in India, so people will go to more

advanced and super speciality hospitals. Now the day’s people will to hospital not because of the

illness, but for full body check up. So this field was emerging. Also the people are more concern

about aging, so in this sector also the advanced technology will cop up.

INSURENCE FIELD

The Indian insurance companies will make a tremendous development in the next years; the

people of India will take more insurance than the last years.

The Indian insurance companies are planning to invest $US 117 in the field of IT product and

services in insurance. Hence the companies are planning for a better customer oriented services

will be given.

BANKING SECTOR

The banking sector in India is in a good hike; also the reserve bank is now giving permission for some

new banks, for those who are doing business in the finance related activities. By 2016 25% of top 50

global banks will launch banking application for their customers. The new banks will provide better

customer experience, for that they will adapt better technologies. For that they will find new CRMS.

It is deployed for

Retail

Commercial

Investment banking

MOBILE, TABLETS AND APPLICATIONS

In the field of the electronic sector also the most advanced changes will come. New types of mobiles,

tablets and other electronic gadgets will form. Also there should be 4.1 billon new application was

coming. The tablet market business was around $US200 million business. The CRM ( Customer

relationship management) software usage will come to an increase of 13.7 %( $US14.4) billion

ENTREPRENURSHIP

It's often overlooked, but the need for innovators running their own businesses could be more

important than ever in 2020. Forecasters expect strong growth in traditional businesses such as

used-car dealers, hair and nail salons, pet grooming, and office services, which means anybody able

to come up with better, cheaper ways to serve customers will reap a windfall. Technology start-ups

will no doubt keep changing the way consumers work and live. And nobody really knows what the

next iPod, Twitter, or Interest will be—except, perhaps, some entrepreneur who's dreaming about it

right now. He or she may have a bigger impact on life in 2020 than anything the forecasters see

coming.

SOFTWARE DEVELOPMENT

Intelligence matters the most to be in this sector. We are becoming more dependent on information

technology nowadays, thus the requirement of developers are also increasing simultaneously. In the

areas like finance and investing, high-speed computing is increasingly a prime competitive advantage

and thus most big companies will be in need of networks that are faster, seamless, and secure. Thus

the business in this sector will boom like anything in 2020.

FINANCE

Financial experts will flourish more in coming future with more of money fluidity and continuous

opening of financial markets. The movement and management of money are technically complex

and important for most companies. Thus there will be a high demand for finance experts. Thus

finance industry will grow as a result of reform and regulation as the firms will be forced down to

less risk, less complex paths to make money and expand the non-traditional banking sectors.

RETAIL SECTOR

The retail sector in India will be flourished at the next years; the consumption power of people was

going to increase, due to the returns from the investment or also from jobs. Hence the retail sector

will make a boom in the next years.

CONCLUSION

As we know that the next level of business was in connection with the Information technology and

its factors. The business was not directly making the advancement; the thing is that some

technological terms are changing to the business facts. The big data, cloud computing are all from

the technological field, but they are changing to new business as in the analytical field. Also in the

case of traditional business, they are getting more advanced. If we make changes with the modern

technology, this traditional business can also can be better one in the future market. Because of that

only both of the fields are explained in the report.