Demonetization – A Heady Cocktail Served. With Big Data & Analytics the Hangover Continues It looks like the Indian Income Tax department is all set to have a ball on New Year’s Eve and beyond into 2017. With interesting data being captured silently all through the years and specially after the unforgettable evening of November 8, 2016; the insights generated relentlessly are all set to make Big Data Analytics services the hero of the story of exposing unaccounted money in the system.
Demonetization in India; it seems is going to be a long and interesting epic. The plot thickens as the determined central government keeps giving interesting twists and turns to the saga, with shocking announcements every other day. Well, shocking for some, interesting for most! And we all remember how it all began soon after the Diwali celebrations had ended. But, what really is interesting to know is that slowly and silently the infrastructure has been put in place to give a boost to the citizen centric services, enhancing the citizen experiences and putting critical data on the fingertips of lawmakers, government agencies and the sorts. The banks accounts being linked with the Aadhar cards or the PAN card itself makes the transactions visible to the Income tax department since long before demonetization and enables it to take prudent steps today with the help of technology. Enter Big Data Analytics Services. Let the Party Begin.