It’s remarkable to see how technology has seamlessly integrated into our daily lives, simplifying the way we live. While digitalization has ensured that we get things on our mobile phones, it has ensured that everything becomes more convenient and faster. Even as the agri industry is undergoing a major change currently, the fintech industry is seeing a radical change as both consumers and service providers go online. The food and health industries have also stayed abreast with the times and created innovative products. These are some sectors of the economy that, in 2024, have embraced technology and are contributing to the welfare of all people.
Industries riding high on innovative technologies in 2024
Fin-Tech
Digitalization is occurring in the Banking, Finance, and Insurance (BFSI) sector at a rate never seen before. Artificial intelligence (AI) and data analytics are two examples of technology that has been introduced to change these industries’ processes. In terms of fraud detection, portfolio analytics, and financial risk management, Payoda helps banks and financial services companies find new markets, live up to the rising expectations of millennial customers, and set themselves apart from rivals. Payoda also offers centralised data and management of accounts with the aid of cloud computing, which can ultimately aid in streamlining business procedures for the BFSI sector. Their end-to-end transformation services offer a thorough framework that can give portfolio managers more accurate information.
Agri-Tech
Indian farmers’ lives are being gradually impacted by agricultural technology, which makes their hard work simpler, increases productivity, and guarantees that they have access to much-needed services. Post-harvest logistics have been transformed by Sohan Lal Commodity Management (SLCM), giving farmers access to larger, higher-paying markets. More than 1.5 lakh stakeholders have come together thanks to their listing platform, Agri Reach, which guarantees that everyone will profit in turn.
Additionally, the program instantly permits online quality checks for crops with NABL-accredited labs, a job that formerly took two days. Agri Suraksha has enabled the creation of smart warehouses that are continuously monitored by CCTV powered by solar energy. With the aid of timestamps, this guarantees that malpractices are reduced while the produce is kept safe in the warehouses. Nevertheless, the adoption of these technological advancements by Indian farmers remains sluggish. Consequently, a “Phygital” ecosystem is required, in which physical centers are digitalized to offer the necessary support to farmers.
Food-Tech
The way people cook has been altered by many gadgets, but few have been as innovative as the BlendJet, a portable blender that uses its patented TurboJet technology to move 275 revolutions per second and literally produce a tornado. The BlendJet 2, their most recent model, can prepare anything you want in as little as 20 seconds. Additionally, this portable blender uses a USB charging cord to provide you with 15 full whips anytime, anyplace. You may prepare coffee, frozen fruit lattes, hummus, chutneys, gravies, smoothies, dips, and more. For people who enjoy cooking, this gadget is ideal because it will save them a great deal of time.
Health-Tech
We all live in a time when maintaining one’s health is crucial. Particularly in the post-Covid era, we have all grown more health-conscious. Annual or biannual physicals, however, are insufficient because one requires up-to-date health measurements right away. One company that has introduced a variety of smartwatches with an emphasis on the Health Suite is Pebble. It includes stress monitors, SpO2 monitors, and heart rate monitors. You can be confident that you are constantly moving and that you can reach the daily requirement of 10,000 steps thanks to the integrated pedometer. Some smartwatches even feature sedentary reminders, hydration reminders, and a feature called Zen Mode that lets you unwind even in the middle of a busy day.
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