Technology Impact on Translation Industry and Global Outlook 2020

The economic growth, accelerated global trade, and improvement in technology have brought higher importance to the the local languages n Asia and Africa as well.  Big software firms like Microsoft find it profitable to localize their wares in small languages like Vlach, Belarusian or Luxembourgish.  There are multiple languages and dialects exist in different countries and even in Europe, the European Union members have to communicate in in 24 tongues.  Translation is no longer usually to or from Read more [...]

Electronic data interchange (EDI) Global Market and its Applications in Industries

Electronic data interchange (EDI) is a computer-to-computer exchange of business documents among companies.  EDI is an innovative electronic communication technology that offers exchange data standards, for exchange of data by any kind of electronic technology.  EDI replaces the process of faxing and mailing of paper documents.  EDI documents utilize specific computer record formats that are based on widely accepted standards.  However, each company will use the flexibility allowed by the standards Read more [...]

Food Tech Startups – Learn from Mistakes and Find out How to Make Food Tech Startups a Huge Success Now!

Food Tech, popularly known as online food delivery business, is considered as a cash intensive business. The cash is burnt primarily on account of spending on technology, customer acquisition (including marketing) and logistics. According to India Brand Equity Foundation (IBEF), the food and grocery market in India is the sixth largest in the world, with retail contributing 70% of the sales. It is projected to touch US$482 billion by 2020, growing at a rate of 104%. The organized food industry Read more [...]

Self-Paced Learning Global Market – Will Asian Market Leads in the Coming Years??

There seems to be universal agreement that the worldwide e-Learning market will show fast and significant growth over the next three years (2016-2018).  The worldwide market for Self-Paced E-Learning had reached $35.6 billion in 2011.  The five-year compound annual growth rate (CAGR) has been estimated at around 7.6% which gives an indication that the revenue would reach $51.5 billion by 2016.  Details are as follows; Self-Paced Learning, as the name suggests, is the process in which a Read more [...]