Search has come a long way with the advancements in technology, and users can now expect far better accuracy and relevancy with the results. Today, while traditional keyword based search is still relevant, there is technology based on artificial intelligence (AI) that is redefining our imagination. The biggest challenge while working with keyword based approach is that it is not always accurate when working with unstructured data. Today, data is growing exponentially and a major share of organizational data is unstructured. This calls for a more efficient approach and semantic search is the solution enterprises need today.

The Challenges of Keyword Based Search

According to a study conducted by IBM, Stanford and MIT, search can be classified into 2 types – navigational search and research search. The former involves looking for a specific document or page and this is where the traditional keyword based approach works wonders. However, the latter involves acquiring every bit of information that is relevant to a specific topic. This is where the traditional approach often fails. It’s solely based on the presence of the keyword, which sometimes is not enough to fetch all the relevant information.

Why Semantic Search is the Solution

Now, the question that arises is, ‘How semantic search can make a difference?’ Well, let us look into the concept and how it works, in order to understand how it’s different from the traditional approach. The word ‘semantic’ means ‘meaning’ and semantic search engines use AI-based algorithms to understand the concept of the query for each term in order to showcase the most relevant results. In other words, it is all about results that are in context with the query.

The semantic search engines use advanced cognitive features to understand the meaning of the query, and this opens new possibilities in relevancy and accuracy of results. So, when you type in a query, you get all relevant information, including the ones that feature synonyms and related terms. This broadens the scope and is great when you are working with data that is unorganized and unstructured. Enterprise data is mostly unstructured, with data collected from different sources, including email and social media. Unifying this data to draw insights for use in strategic business decision making is one of the priorities of enterprises today, and a semantic search engine can help in the following ways.

1] Enhanced Quality of Results

The context-based approach of semantics fetches highly precise and relevant results faster and with high recall (the ability to fetch all the relevant results for a query). 3RDi Search is an enterprise search platform that is powered by Retina API, its own NLP, text mining, and text analysis engine.

2] Improved User Experience

The ability to comprehend natural language powered by AI leads to an enhanced user experience like never before. Coupled with a user-friendly and intuitive user interface, it can redefine the way users interact with a business. Coveo is another good example of a platform that is powered by out-of-the-box machine learning for a user experience like never before.

3] Strategic Decision Making

Data is the most important asset to organizations these days because of the information it holds that can be used in strategic decision making. Semantics helps enterprises to unleash the potential of this data and derive insights to fuel business growth.

The thought of One Person Company in India it introduced over the Act, 2013 of companies to help organisers who on their own are capable of beginning a venture by permitting them to create a single person economic existence. One of the biggest benefits of a One Person Company (OPC) is that there can be solely one member in an OPC, while at least of two members is required for organising and maintaining a Limited Liability Partnership (LLP) or a Private Limited Company. Related to a Company, a One Person Company is a separate legal reality from its promoter, offering limited liability protection to its sole shareholder, while possessing continuity of business and happening easily to incorporate.

By the One Person Company provides a lone Businessperson to operate a corporate entity including (LLP) limited liability protection, an OPC does have a few conditions. For example, each (OPC) One Person Company must specify a nominee Director in the AOA and MOA of the company – who will become the owner of the OPC in case the sole Director is disabled. Also, a One Person Company must be changed within a Private Limited Company if it crosses the yearly turnover of Rs.2 crores and must file examined financial statements with the Ministry of Corporate Affairs at the end of every Financial Year like all kind of Companies. Therefore, it is important for the Entrepreneur to carefully recognise the features of a One Person Company prior to incorporation.

Finacbooks is the Leader of the market in company registration services across the India, giving a variety of company registration like one person company registration, private limited company registration, Producer Company Registration, Section 8 Company Registration and Indian Subsidiary registration. The ordinary time taken to complete a one person company registration is regarding 10 – 15 working days, subject to government processing time and document submission of client. Get a free consultation for (OPC) one person company registration and setup of the business in India by listing an appointment by Advisor of a Finacbooks team.

What is a One Person Business Called?

A sole proprietorship, otherwise called the sole trader, singular business or proprietorship is a kind of big business that is claimed and run by one individual and in which there is no legitimate qualification between the proprietor and the business element.

The Incorporating Process of OPC is as Follows:

Paid up capital shall be Minimum Rs. 1, 00,000. It will have only OPC as member.
Memorandum of Association of such an organization will imperatively appoint the name of the person, who in the event of death or disability of the subscriber shall assume his position.
The member of the (OPC) one person company will have the right to change the nominee at any time with due intimation to the Registrar.
(OPC) one Person Company can be formed as company limited by share capital or limited by unlimited company or guarantee.
The words ‘One Person Company’ will be mentioned in brackets under the name of such company, wherever its name is printed.
Company – One person can form only up to one (1) OPC.
A One Person Company can be formed only by an Indian Resident and citizen.
DIN (Director Identification Number) for all the Directors are required.
DSC (Digital Signature Certificate) for all over the Directors is required.

What Are the Benefits of One Person Company?

Existence of Independent Person
Limited Liability
Separate Property
Shares Transferability:
Savings and Tax Flexibility:
Complete Control of the Company with the Single Owner:
Legal Status and Social Recognition for Your Business:

Who Can Be Nominee in OPC?

Nominee one is an individual selected by the individual from the one person company (OPC) who will, in case of supporter’s demise or his in ability to contract becomes part/investor of the OPC. To get selected, the person must be Indian resident and occupant in India however ought not to be a minor.

Volusion offers all the services necessary for creating, managing and expanding a store. The e-commerce solutions of Volusion are exceptionally great and they have been proven to be greatly helpful over time to many merchants. Here is a list of some of the key e-commerce solutions that Volusion offers.

Create a Site
Building an online store won’t be difficult anymore given one has opted for the Volusion Developer Services. From responsive themes and rich content editor to the custom domains and search functionality, Volusion has it all. Hence, creating a website for this particular platform is extremely simple.

Store Customization
Volusion lets the user picking up their own domain name so that shoppers have an easy time finding the website. It also provides a rich content editor so that one can make changes to the websites on the go without any coding. Other than that, adding sub categories, managing SEO, or uploading images in a jiffy with the utmost ease.

Selling Products
Selling products is the obvious next step after setting up an online shop. Site owners have a wide range of options when it comes to the handling of their products. Owners can elegantly detail their product pages with images, videos, and details about everything that one sells. Customers really like reviews about the product they are going to buy, and one can add reviews, social sharing, and availability in order to increase their sales.

Orders and Shipping
Volusion offers easy processing orders from the site as well mobile and phone orders. The secure and PCI certified check out process lets customers make orders without hassles. More than half a dozen methods are available for receiving payment once the orders go through. Once the payments are received by the owner, they can specify shipping types along with setting the overall shipping rates.

Customer Accounts and Reviews
Store owners can keep an eye on the customers with Volusion’s management system. It allows them to view the contact information as well as the purchase history of customers. Customer Review Management helps the merchants to determine what and how the customers like products so that they can improve them as per their requirement.

Key points for growing a business with Volusion
The top-of-the-line SEO Tools that Volusion offers to the owners can help them take their business even further. There are many services that help one to grow their business. Keeping tabs on what to do and what not to do is one of the key points to consider.

Influential SEO
Search Engine Optimization is what gets your store on the front page of search engines. Great SEO tools from Volusion helps in the maintenance of the same. Handle all the metadata of products such as title tags, descriptions, URL, and much more to keep the categories SEO friendly.

Social App Integration
Owners have the option to link their social accounts, one feature that they should certainly take the benefit of. They can directly post on Twitter or Facebook from Volusion itself. The store owners can expand their store to Amazon, Facebook, and even eBay.

ROI Tracking
Investments are a way of securing the future of the store. With Volusion’s ROI tracking system, owners can check how valuable their investments are with inclusive tracking data based on ad campaigns, newsletters, and affiliates. Considering all these points, the Volusion developer lets the online website to determine about the status of their business. In this way, gaining more ROI is possible.

Reports and Discounts
One way to keep bringing the customers back is to offer eye-catching discounts. Create the discounts with a start and end time, percentage, or amount. Link those discounts to specific products and define code names for different products. Moreover, get insightful data on carts, RMAs, Product views, as well as purchases. This tracking helps you get more insight into the shopping patterns.

Conclusion:

E-commerce is a relatively emerging market and one of the best solutions for shopping. There are things that go into making an online store to get the work and prosper. Volusion developer helps you with all those things by offering top notch help at an affordable rate. Moreover, the ease and functionalities online stores offer have driven store owner to create their own online shopping website.