Shamit Khemka – How blockchain works & why it's so useful

Shamit Khemka, the managing director of SynapseIndia, has an eye for detail when it comes to the application of new technologies. Blockchain has recently captivated the imagination of many business leaders, and Shamit Khemka is no exception.

Blockchain is an innovative way of transferring information from one point to another, transparently. This transmission of data would be fully automated and secure. One party in the transaction initiates the process by creating blocks of information. These blocks are verified by tens of thousands of computers distributed around the network.

Blocks store unique information that distinguish them from other blocks. When a particular block stores new data, it is added to the blockchain. A few things are required for a block to be added to a blockchain. For example, a transaction must happen and this transaction has to be verified. Bitcoin uses this model for monetary transactions.

One of the unique features of blockchain is that it can not only store digital currency but also can replace all process and business models that rely on charging a small transaction fee.

Information stored on a blockchain exists as a shared database that is accessible to the entire network. The blockchain database is not stored in any single location and the records kept by the database are accessible and verifiable.

Shamit Khemka – trends that will shape the IT industry in the near future

Shamit Khemka, the founder of SynapseIndia, has deep knowledge about the dynamics of the IT industry. He has led an established IT services company for almost two decades now. With this enormous experience, he can easily analyze the current and future trends in the IT industry. These trends are believed to be the driving force that gives direction and shape to the industry.

Business intelligence is making a remarkable presence across industry domains. The introduction of the much-talked-about software as a service (Saas) and similar technologies like the cloud as a service have tremendously changed productivity and agility of businesses. These technologies have changed the way business intelligence works.

Cybersecurity is being widely called as the “next big thing” in the IT industry. It has gained renewed prominence in the wake of numerous cyber attacks faced by leading companies and institutions worldwide. Significant innovation in communication technologies, such as blockchain and internet of things (IoT) made cybersecurity a more complex phenomenon.

AI is no more a buzzword, it has become mainstream in the IT industry. The industry is all set to make substantial investments in AI, automation and related technologies. AI will eventually be moved from back-end to the client-facing arena. AI assistants are already becoming commonplace, with the increasing popularity of Amazon Alexa and Google Voice.

Click here to know about Shamit Khemka : https://www.youtube.com/watch?v=PcgrrS2-JGA

Shamit Khemka sees the potential of AI in automation & data extraction

Shamit Khemka, the founder of SynapseIndia, says that emerging technologies have the potential to reshape the dynamics of the business landscape. In the wake waves of disruptive technologies, even technology-enabled companies are struggling to stay relevant, he adds. Mr. Khemka says that not every business can survive the technological shift. Businesses should, therefore, be ready to embrace the changing trends and excel in their niche. Artificial Intelligence, popularly known as AI, is one such technology that can drastically alter the industrial landscape. AI, combined with similar technologies like automation and machine learning, has compelled business leaders to think about innovative management strategies.

Mr. Khemka says that data is the new fuel for industries and companies. But, according to him, many companies just don't know where to start with automation and data analytics. Companies can automate the entire data extraction process to reduce labor, time, and cost. They can install data-hungry AI and machine learning systems that can be programmed to collect structured and unstructured data.

Click here to know more about Shamit Khemka :
https://www.youtube.com/watch?v=PcgrrS2-JGA