Skip to main content
Big data techniques for extracting insight from data arising out of demonetization, digitization and cashless economy initiatives of India 
6th International Conference on Biostatistics and Bioinformatics.November 13-14, 2017 | Atlanta, USA 
Ajit Kumar Roy
Central Agricultural University, India

The digital economy is rapidly developing worldwide as the largest driver of innovation, competition, and growth. Even though many people have been excluded, tremendous opportunities are available for the digital economy to support financial inclusion for sustainable economic development. India could see a boost of $700 billion, an 11.8% increase by 2025. This additional GDP could create up to 21 million jobs. McKinsey has estimated that Indians lose more than $2 billion a year in forgone income simply because of the time it takes travelling to and from a bank. India aims to create a cleaner, more transparent economy via digitalization that will lead to an improved climate for foreign investment, boost economic growth. Goldman Sachs predicts that India - comprising 15% of the world population, with a growth rate of 7 to 8%, could be the second largest economy by 2030. India’s new leadership considers the digital economy as a major growth enabler. When Prime Minister strategically listed “Digital India” among the top priorities for the new central government launching a major drive for financial inclusion in terms of opening Jan Dhan Accounts, giving a statutory basis for Aadhaar, implementation of Directs Benefits Transfer, introduction of RuPay Cards and Voluntary Disclosure Scheme for unaccounted money. Demonetization of 500 and 1000 Rs. notes on 8th November 2016 was another important milestone in this endeavour. Following demonetization, there has been a spurt in the digital payments across the country leading towards a cashless society. Since demonetization, the government has taken many steps to encourage people to use digital platforms like mobile wallets, BHIM, Unified Payment Interface (UPI) to pay for their daily needs. The government has set a target of 2,500 crore digital transactions for FY 2017-18 through UPI, Aadhaar, IMPS and debit cards in the Budget 2017. Economic digitization also enhanced taxation systems. In the process of digitization, huge data is generated. Presently data is considered as a new oil of the economy and Big Data is the fuel of the digital economy. Its value increases with every use and it brings about a change in paradigms. Therefore, it is time for extracting insights and innovation from data and to develop the ability to gather and mine varied types of related public data, and deploy more specialized techniques such as machine learning and neural networks. akroy1946@yahoo.co.in

Comments

Post a Comment

Popular posts from this blog

Modelling Forecasting Artificial Neural Network and Expert System in Fisheries and Aquaculture

The book entitled 'Modelling Forecasting Artificial Neural Network and Expert System in Fisheries and Aquaculture is the first of its kind available in the market. The book contains altogether sixteen chapter covering both capture and culture fisheries aspects contributed by various subject matter specialists engaged in research and development activities at various national institutes of repute. Each of the chapters has been specially written by an expert in the field bringing together in a single volume a range of approaches and reviews covering conceptual and mathematical model empirical and theoretical model deterministic and stochastic model biological model pond ecosystem model and explanatory models. Both linear as well as nonlinear models applied to fisheries and aquaculture research has been dealt with illustrated examples on current real fisheries data. Adequate attention has been given to select chapters that contain both theoretical as well as applied areas of researc...
Post a Comment
Read more

Bioinformatics Resources on Web

Bioinformatics Resource on the Web(Freely Available) Nucleotide Sequence Databases (the principal ones) ·          NCBI  - National Center for Biotechnology Information ·          EBI  - European Bioinformatics Institute ·          DDBJ  - DNA Data Bank of Japan Protein Sequence Databases ·          SWISS-PROT & TrEMBL  - Protein sequence database and computer annotated supplement ·          UniProt  - UniProt (Universal Protein Resource) is the world's most comprehensive catalog of information on proteins. It is a central repository of protein sequence and function created by joining the information contained in Swiss-Prot, TrEMBL, and PIR. ·          PIR  - Protein Information Resource ·  ...
Post a Comment
Read more

Post Demonetization Budget-2017- Expectations, Apprehensions and Reality: India's Budget-2017

Post Demonetization Budget-2017- Expectations, Apprehensions and Reality: India's Budget-2017 (Demonetisation Book 2)   Kindle Edition by  ajit roy   (Author, Editor) The Prime Minister's announcement of the withdrawal of ₹1000 and ₹500 notes ranks among the most significant economic measures taken by his government. The audacious move has given birth to hopes of a decisive blow to the black economy, terrorism and counterfeit currency. It is also being lauded for its potential to convert India into a cashless economy. The backdrop to the Budget was a fairly volatile past few months with multiple issues such as (a) demonetisation; (b) ambiguities on indirect transfer taxes; (c) treaty changes to India-Mauritius Treaty etc. Union finance minister Arun Jaitley stepped into Parliament on February 1, 2017, unveiled India’s first post demonetisation Budget. Many people have questioned if this move is the biggest disruption for electronic payments in 2016. Remone...
Post a Comment
Read more

Evaluation of Performance of Primary Fisheries Cooperative Societies (MSS) of Tripura

Evaluation of Performance of Primary Fisheries Cooperative Societies (MSS) of Tripura A.D. Upadhyay, M. Sinha, 1 , A.K. Roy, J.R. Dhanze and D.K. Pandey College of Fisheries, Central Agricultural University, Lembucherra Tripura – 799 210, India 1 Directorate of Fisheries, Govt. of Tripura, Agartala, India Email:ad_up@rediffma Abstract Fishermen cooperatives are recognized as means of socio-economic development of fishers/fish  farming community, which generally belong to weaker section of the society. The state of Tripura  has made significant progress in fish production by 197 per cent from 2004-05 to 2011-12. An  attempt has been made in this paper to analyse the status of Fishermen Cooperatives in Tripura with  respect to water holdings and fish and fish seed production. It has been found that the fishermen  cooperative in Tripura like other states of the country is not encouraging because majority of them...
Post a Comment
Read more

Development of Models for Fishery Resources and Production Statistics of West Bengal, India

Development of Models for Fishery Resources and Production Statistics of West Bengal, India Ambalika Ghosh1*, BK Mohapatra2 and AK Roy3  1Department of Fishery, Govt. of West Bengal, India  2ICAR-CIFE, GN-Bl, Salt Lake, India  3College of Fisheries, CAU, India Submission: June 8, 2017; Published: October 12, 2017 Abstract  West Bengal is rich in Inland Fishery Resources. Ponds and tanks dominate with 90.62 parent resources under culture. Overall 87.56% of total potential resource is utilized for culture leaving another 12.44% for bring under culture. Total area under of River, Canal/ Khal and Beal / Boars of West Bengal is 279569.31 ha. River occupies 58% of total area followed by canal / Khal (27%) and Beal / boar (15%). Fishermen constitute about 3.3 percent of total population of 9.13 crores in West Bengal. Fisheries are next to agriculture in terms of providing employment and food supply. Fish is an important source of quality protein and cheaper i...
Post a Comment
Read more

Fishery resources distribution with emphasis on trends of relationship between fish seed and fish production of Assam.

Fishery resources distribution with emphasis on trends of relationship between fish seed and fish production of Assam. Author(s) :   Roy, A. K.  ;   Upadhyay, A. D.  ;   Taye, R. K.  ;   Anushree Das  ;   Rajita Devi Author Affiliation :  College of Fisheries, Central Agricultural University, Lembucherra 799 210, Tripura West, India. Author Email :   akroy1946@yahoo.co.in Journal article :   Environment and Ecology  2013 Vol.31 No.2B pp.859-863 ref.4 Abstract :  Pisciculture is considered as an important economic activity in the socio-economic context in the State of  Assam . A survey to assess the fishery resources reveals that Assam is one of the richest state in the country with surface water resources where bheel  fisheries  and pond and tank fisheries alone occupies about 1.40 lakh hectares area. Within the confined water bodies, bheel fisheries constitute 54% of to...
Post a Comment
Read more

Statistical Methods for Genomic Sequence and Microarray Analysis

Statistical Methods for Genomic Sequence and Microarray Analysis A.K. Roy1 and S.R. Martha1 1 Central Institute of Freshwater Aquaculture Kausalyaganga,Bhubaneshwar – 751 002,Odisha Multivariate analysis methods such as Correspondence Analysis and Principle Component Analysis have often been used to identify major trends of variation in synonymous codon usage among inter or intra specific genes. Genetic codes are degenerate meaning most of amino acids can be encoded by more than one codon (triplet of nucleotides); such codons are synonymous and usually differ by one nucleotide in the third position. The alternative synonymous codons are not used with similar frequency and their usage varies among different genes. Hence there is the presence of Relative Synonymous Codon Usage values. In: Applied Bioinformatics, Statistics and Economics in Fisheries Research: pp. 29-47 © 2008 (Eds. A.K. Roy & Niranjan Sarangi) New India Publishing Agency, New Delhi (India); ISBN:97881894...
Post a Comment
Read more

IMPACT ASSESSMENT OF AN INTERVENTION 'IMPROVED PIG FARMING TECHNOLOGY' FOR LIVELIHOOD IMPROVEMENT OF RURAL POOR AT DHALAI DISTRICT, TRIPURA.

IMPACT ASSESSMENT OF AN INTERVENTION 'IMPROVED PIG FARMING TECHNOLOGY' FOR LIVELIHOOD IMPROVEMENT OF RURAL POOR AT DHALAI DISTRICT, TRIPURA. Ajit Kumar Roy Ex. National Consultant (IA), NAIP, Pusa, New Delhi *Corresponding author: akroy1946@yahoo.co.in Received: August 2016 Revised accepted:  September 2016 ABSTRACT Impact assessment is the process of identifying the anticipated or actual impacts of a development intervention, on social, economic and environmental factors. An impact assessment study was carried out at Ambassa,Balaram and Morachera clusters of Dhalai district, Tripura  during 2013 under NAIP project to evaluate and validate indigenous  'Improved Pig Farming Technology' (intervention) for enhancing production, profitability and competitiveness in agro ecosystem of disadvantageous areas of NEH region.Ex-post design covering both qualitative and quantitative data through random sampling and purposive selection method was taken for collection of Primary ...
1 comment
Read more

Modelling Forecasting Artificial Neural Network and Expert System in Fisheries and Aquaculture

Modelling Forecasting Artificial Neural Network and Expert System in Fisheries and Aquaculture  The book entitled ‘Modelling Forecasting Artificial Neural Network and Expert System in Fisheries and Aquaculture is the first of its kind available in the market. The book contains altogether sixteen chapter covering both capture and culture fisheries aspects contributed by various subject matter specialists engaged in research and development activities at various national institutes of repute. Each of the chapters has been specially written by an expert in the field bringing together in a single volume a range of approaches and reviews covering conceptual and mathematical model empirical and theoretical model deterministic and stochastic model biological model pond ecosystem model and explanatory models. Both linear as well as nonlinear models applied to fisheries and aquaculture research has been dealt with illustrated examples on current real fisheries data. Adequate attent...
Post a Comment
Read more

Mobile learning advantage and disadvantages

Mobile learning advantages: Learning can be accessed anywhere and at any time Mobile learning caters to the shift toward micro-learning Information is more readily accessible when needed for on-the-job training Learners can collaborate through online forums and chats Mobile can incorporate all learning styles Appeals to millennial learners Mobile learning disadvantages: Battery life, device failure, updates, and crashes are all a concern Courses and learning objects MUST be responsive design Internet access and overall connectivity Mobile devices mean more opportunities for distraction Responsive design and device and software compatibility Multitasking might not be the best for learning retention Cost of devices
Post a Comment
Read more