The Influence of Technology on the Emergence of Online Gambling
- How AR & VR Are Transforming Smartphones - February 2, 2024
- Bats’ Astonishing Visual Abilities - December 1, 2023
- History’s Boldest Heist – Stealing Crown Jewels - November 23, 2023
Where would we all be if we didn’t have internet access? Almost every area of our lives has changed dramatically as a result of the internet in the last few decades, and our perceptions of the world continue to alter as a result. In the business world, the transformative powers of technology have been felt severely across all industries. On the other side, one of the most significantly influenced businesses is the gaming industry.
As with many other industries, the first websites offering online gambling were launched by large corporations that were simply testing the waters of the internet’s unknown terrain. After some time, the very same websites have become a key component of their business, allowing them to engage with an audience that could number in the billions.
Market Research
According to Transparency Market Research, the global market for online gaming and betting was forecast to have created $42.63 billion in 2016, with this amount expected to rise to a stunning $96.89 billion by 2024. The gaming industry has its term: iGaming, which comprises a wide range of diverse video game genres and subgenres. But what key technological advances have contributed to the sector’s success?
The concept of a “live casino game” arose as a direct result of video and live streaming’s substantial influence. The way live dealer casino games blend the sense of being in a land-based casino with the qualities of an online casino is one of the most crucial components of them. These games are centered on a presenter who is controlling a real-time game in front of you. This allows players to enjoy an experience comparable to being in a real casino while sitting in the comfort of their own home, rather than simply playing online games based on logarithms and lacking the same human touch as traditional casino games. There are currently multiple websites that offer this type of live game, like Guts, which offers games like London Roulette, Casino Hold ‘Em, and Baccarat in this format, to name a few.
The Growth Of The Mobile Industries
The growth of the mobile and smartphone industries was a sort of technological progress that the online gambling industry was quick to embrace and utilize. Because billions of individuals all over the world can now access the internet at the touch of a button, the iGaming industry has positioned itself to benefit greatly from this growth. Many of the most well-known firms in this field have their applications accessible for both iOS and Android, as well as mobile-optimized websites. Why? The idea is to make it as simple as possible for people who are interested in gaming to come online and begin playing their favorite games. The fact that many people are constantly online must have had a role in the creation of real-time and in-play betting, which is yet another aspect of the gambling industry that technology has radically altered.
Because so many people watch sports on mobile devices like phones, tablets, and laptops, many gaming companies have begun to offer real-time odds that vary as the game goes. Punters used to have to place their bets before an event, but now they can wager on whatever is happening right in front of them whenever they want. It is apparent that technology has already had a huge impact on the iGaming sector, and all eyes are now on where it can take the industry in the future.
The development of augmented and virtual reality will undoubtedly be actively watched by the industry since both concepts offer the opportunity to create new experiences for gamers. The industry will undoubtedly be following this closely. Mark Zuckerberg delivered a special presentation at the end of the previous year in which he highlighted the potential of the Oculus Rift virtual reality (VR) technology, which was an exciting turn of events. In one portion of his presentation, he was shown in a room with a group of buddies “virtually” playing cards. Is it feasible that this is what the iGaming industry requires to advance? We wouldn’t bet on that, given the industry’s excellent track record of capitalizing on the most recent advances, which are constantly being produced.
Since the proposal for reforms was originally suggested in the bill titled “High-Skilled Integrity and Fairness Act of 2017” by California Congresswoman Zoe Lofgren, Indian information technology businesses have borne the brunt of it, facing major debates and censure all over the world. The recent issuing of an executive order, as well as following briefings at the White House, have created the perception that Indian information technology firms such as TCS and Infosys are defaulters in the present H-1B visa system, which is based on a lottery method.
A US official accused these corporations of engaging in unethical activities to get the lion’s share of H-1B visas. The official believed that these outsourcing companies were submitting an excessive number of applications to the lottery-based method to increase their chances of winning. The Trump administration is currently seeking to change such a system into a merit-based immigration program. President Trump is driving this reform.
Let’s Have a look at the figures
The National Association of Software and Services Enterprises (NASSCOM) has provided intriguing figures that are certain to wash away any complaints and exonerate Indian enterprises wrongly accused of unethical business practices. According to NASSCOM statistics, just six of the top twenty organizations given an H-1B visa were Indian businesses. It appears that we may say that 70% of H-1B payments come from US firms; so, there is no chance of flooding applications with such a minority.
To emphasize the issue, figures reveal that TCS and Infosys were accepted for a total of 7,504 H-1B visas in the fiscal year 2015, accounting for only 8.8 percent of all H-1B visas awarded. [Citation citation required] We are convinced that the complaints filed against TCS and Infosys will be dismissed as a result of NASSCOM’s presentation of such astonishing data. The material obtained by the association will surely put a halt to the blabbering of Trump administration officials in the United States.
If you’re still confused, NASSCOM has disclosed some unexpected statistics that clarifiesclarify the White House’s incorrect remarks about Indian IT enterprises holding the lion’s share. The following are the specifics given by NASSCOM:
According to the US Department of Labor, there will be over 2.4 million unfilled STEM jobs by 2018, with more than half of these openings in IT-related sectors. Even though Indian residents receive around 71 percent of all H-1B visas, all Indian information technology businesses combined account for less than 20 percent of total H-1B visa approvals. Approximately 0.009% of the total 158 million persons employed in the United States are Indian information technology specialists on temporary visas working for Indian information technology service businesses.
To Conclude
Furthermore, according to the NASSCOM Survey, the average pay for visa holders is more than USD 82,000. This is in addition to a set cost of more than USD 15,000 for each visa issued, which includes the cost of the visa as well as any connected fees. This is more than 35% higher than the minimum needed exempt wage in the United States, which is 60,000 dollars.
These details not only demonstrate the high skill levels exhibited by professionals of Indian origin, notably in the highly sought-after STEM skill category, but they also imply that there is a supply and demand mismatch for computer science majors in the US workforce. Cloud computing, big data computing, and mobile computing are three examples of cutting-edge fields. The void that Indian intellectuals filled contributed to the development of the United States, but the fact that they were ridiculed for their work lowered the morale of people with such brilliant brains.