Lecture of Nikesh Arora on Future of Internet and Google in E-commerce and Finance at IE Business School

One of great son of India, Mr. Nikesh Arora is the President - Global Sales Operations and Business Development of Google Inc since April 16, 2009. He had given lecture on the topic of future of Internet and Google in e-commerce and finance.

 I have watched it more than one hour and I learn many things from his lecture and I want to discuss with you what he wanted to teach to young students of Madrid in Spain (Europe).

Before this, you should learn brief history of Mr. Nikesh Arora. Previously, he served as President of International Operations since 2004. Prior to joining the company, Nikesh served as Chief Marketing Officer and a member of the management board at T-Mobile Europe. Prior to that, Nikesh worked for Deutsche Telekom, Putnam Investments, and Fidelity Investments. Nikesh holds a Masters degree from Boston College and a Masters of Business Administration degree from Northeastern University.

Nikesh also holds a Bachelor of Science degree in electrical engineering from the Institute of Technology in Varanasi, India.

Now, I am discussing what was he teaching? He was saying in his lecture about ecommerce market in internet and future of internet in e-commerce.

“Only Europe buys $152 billion products through online and $400 billion activities of ecommerce or online trading is done. 38% part is just from Europe and rest 62% from whole world. Before physically buying, everybody searches on web about products prices, products quantity and reviews of other buyers who bought it in past.

They can do so without going to market and they search on google free of cost and even they buy the products without going to market. Just search the site and use credit card and they can buy any thing from whole world after checking its quantity and prices deeply. All purchasing can be done without any difficulty. Internet is saving 40% electricity cost and 30% reducing transport pollution. So, internet and google has contributed not only in entertainment but also in commerce and reducing cost of product.

 Dear students, everybody wants to keep some memories online and sharing through facebook and other social networking sites. So, 175 million people. Out of them, 18 million people are changing their status every hour.

The new problem is that where, we will store our huge informational data. I think, only google has taken new step for innovation of cloud computing. We store it in cloud where, you can easily take it through cloud computing. The age is the age of collaboration. One of biggest benefit of internet that we can do work by becoming collaborators.”

One more thing I have learnt from his lecture about translation. If you will use mobile internet and you are talking in English, it can convert your language into Spanish and Spanish person can talk with you and both can understand each other in their mother tongue. All this translation will be provided by google free of cost.

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Accounting Education: Lecture of Nikesh Arora on Future of Internet and Google in E-commerce and Finance at IE Business School
Lecture of Nikesh Arora on Future of Internet and Google in E-commerce and Finance at IE Business School
Accounting Education
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