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Transforming emerging markets: How AI is empowering consumers in India

14Nov

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Technology

Transforming emerging markets: How AI is empowering consumers in India

[ad_1] In recent years, Artificial Intelligence (AI) has emerged as a transformative force with the potential to revolutionize various industries across the globe. While its applications are numerous, one of the most promising and impactful areas is its ability to empower consumers in emerging markets. That's us.In countries like India, Bangladesh, and across the African continent, AI is opening doors to greater access, affordability, and convenience in essential services, thereby enhancing the quality of life for millions. It's time we learn how AI is helping us. Michael Puscar, an entrepreneur, venture capitalist, and a published data scientist, who has founded companies including Yuxi Pacific, GITP Ventures, Oiga Technologies and NPCx, says that the barriers to implement AI technolog...

Empowering emerging markets: How Web3 is transforming consumer experiences

[ad_1] In the sprawling landscape of emerging markets, countries like India are definitely on the cusp of a digital revolution. With over a billion people and a burgeoning middle class, we have a massive opportunity for technology-driven innovation. Enter Web3, the decentralized web, which is poised to reshape the way consumers in India interact with digital services, conduct financial transactions, exercise control over their online identities, and even manage their healthcare.Web3 is a sizeable opportunity for India. According to a report by NASSCOM, Web3 investments in India have totalled over US$1.3 billion since 2020. With mass adoption and robust regulations, Web3 business growth can add US$1.1 trillion to India's GDP by 2032. “Consumers in emerging markets can take some of the po...

Chinese Smartphone market may remain weak through 2023, IDC says

[ad_1] Chinese smartphone shipments fell 2.1% in the second quarter, extending a market decline that may persist throughout 2023, research house IDC said. The decline came despite widespread discounting during the “6.18” online shopping festival in June. Apple Inc. was one of the few brands that managed to grow business, by 6.1%, IDC estimated in its latest market report. Shipments from Honor Device Co. and Xiaomi Corp. both declined by more than 17% in the quarter, while Huawei Technologies Co. lifted shipments 76.1%, mainly via the premium P60 series and foldable devices. Oppo maintained pole position with 17.7% market share, followed by fellow Chinese brands Vivo and Honor. China's smartphone market, the world's largest, is struggling alongside a sputtering economy. Shipments have s...