Assignment

Emerging Technologies: IOT, Augmented Reality, Virtual Reality

Answer 1.
Introduction
Internet of things include system of interrelated of computer devices, mechanical and digital
machine, also any person or animal provided with unique identifiers and its ability to transfer
the data over any network without requiring any human effort.
The thing in the internet of things can be any person with heart monitor implant or any
animal with any chip. Many organisations are using IOT for smooth functioning and
operation. It also increases the value of the business.
Concept and application
IOT system consist of smart devices that uses embedded system such as processor, sensor,
communication in order to collect and send data. IOT devices share its data by using the IOT
gateway to send its data to the cloud for the analysis. These devices get in contact with other
devices and act accordingly to the internet. The device does not involve human intervention
and work accordingly but people can interact with the devices, in order to give the instruction
or access the data. IOT also make use of AI, machine learning also help in making data
collecting process easier.
Internet of things help people to work in smart manner, also control their lives also. IOT is
important to home as well as business also. IOT help business to take real time decision and
also help in the performance of the machine learning or supply chain. It also automates the
process and reduces the human cost. It takes less expense in delivering and manufacturing the
goods as well as also provide transparency into the transaction.
IOT is one of the most important technologies of today generation. It provides many benefits
to the organisation. Some of them are: -
 Overall business process is being monitored.
 Improve the experience of the customer.
 Time and money is saved.
 Also increase the productivity.
 Also adapt business model.
 Make business decision better.
 Also generate more revenue.
IOT give business ways to rethink about the business and also give them tool to improve their
business strategies. IOT is used in manufacturing, transportation, utility organisation, making
use of other sensor devices. IOT also help in monitoring the process. It also accesses the
information anytime anywhere on any devices. Also, communication between the connected
devices has improved. Transferring data over the network is also the useful process.
Automated task also improves the business.
Conclusion
The IOT is the interconnection via the Internet of devices that we use in everyday life. The
devices in the IOT send and receive data. It is the network of vehicles, wearable tech, home
appliances, medical devices, and computing devices. They are embedded with sensors,
actuators, electronics, and connectivity which enables them to send, collect, and exchange
data. IOT is advancing rapidly in the world of business, especially manufacturing.
Answer 2.
Introduction
The Indian retail industry is the most dynamic and fast industries which has come across a
long distance. Many Indian industries like Raymond or etc. has started to move forward from
manufacturing to retailing industry in order to attract large number of customers. From 2005
onwards growth of retail industry has been observed after the company like Reliance, Aditya
Birla entered the market.
Concept and application
In the last few decades many ups and down has been observed and many company has left
the retail industry as they were not able to cope up with the market. Many international
brands have also entered in the market of India like Zara and H&M and they have also
become successful while other industries are extremely struggling.
India is one of the fastest growing economies and it is also fourth largest retail market in the
world. India holds very strong position in the market. It provides a very strong base for
customer as well as distributor and also manufacture in the field of transportation, clothing
etc. Retail industries are trying to enhance their business by using the latest technologies like
data analytics, block chain, Machine learning. Retail industry also now increases the women
workforce in the industry in order to increase the business.
The increase of internet in the overall world has also increases the setup of more international
brand in the India and its trajectory has also increased in India. Share of retail market has also
been increased by some percentage. As per the experience of the consumer the retail system
has increased. Technology also plays an important role increasing the sale of the retail
industry.
In next 10–12-year, Indian retail industry will also increase in the smaller part of the country
like small cities, small town. More international brand will enter the market and increase the
Indian market. Technology will also take over the human and technology will connect with
the consumer; new market will be established.
The traditionally unorganised retail industry still affects the retail industry growth and also
dominate the market of retail system. The growth of the retail system is increased by with
increase internet connectivity, also the increase in the smartphones, also the online shoppers
increment. With the change in demand, the retailer works day and night to come up with the
expectation of the consumer and try to fulfil all the requirements of the customer. This can be
achieved by using the latest technologies which help in increasing the growth of retail
industries.
Conclusion
Having realised the scope of mass digitization of the retail ecosystem, retailers are required to
proactively take steps to fine tune their day-to-day operations to achieve enhanced customer
value. Therefore, retailers need to invest funds towards revitalising the customer experience
to build loyalty and stem churn by providing individualised experiences at scale. The e-
commerce market itself is estimated to grow from US$ 24 billion in FY 2019 to US$ 98
billion in FY 2024.
Answer 3A.
Introduction
Augmented reality and Virtual reality are important part of the digital India. Augmented
reality is used to combine all the digital world with the real time elements. Virtual reality is
used to display the digital world graphically.
Concept and applications
Healthcare system strengthen their digital solution with the help of augmented reality and
virtual reality. It enhances the data system and healthcare system. With these technologies
doctor can be in touch with the patient with the online system. It also helps to provide
personal and selfcare benefits to the patient. The augmented and virtual reality are used to
improve the surgically activities and training of the medical employees.
Some of the example shows how augmented reality and virtual reality is used in medical
system: -
 Medical training- All the doctors, staff, surgeon take medical training to keep them
up to date.
 Robotic surgery- In this robotic device perform all the surgery and control high
precision operation which human used to do.
 Physical therapy- All the physical pain is recovered through augmented and virtual
reality.
 Anxiety, phobia, depression treatment- Patients uses VR system for medication and
provide the relaxing environment.

Conclusion
Healthcare companies use VR and AR technologies to improve their customer experiences by
effectively engaging them in healthcare activities. For example, by using VR apps for
aesthetic medicine and orthodontia, healthcare companies together with their customers can
plan the sequence of procedures and view their results. In ophthalmology, healthcare
specialists can provide their patients with an app that stimulates the vision of a patient having
specific conditions, like Cataract or AMD, and others. This way, patients can understand the
problem better and get actively involved in their treatment.