A good project plan can make the life of a Project Manager (PM) as well as the team members easy. As a Project Manager, you have worked hard on the following activities:

  1. Collated and froze the requirements
  2. Formed a competent and diversified team
  3. Done the budget estimation and activity planning
  4. Done a detailed SWOT analysis

Many times things can drastically change once the project progresses and massive changes can have a major impact on the Project. It could also lead to a project closure e.g. The technology that is being used in the development becomes obsolete or holds no value due to which there are no takers for the product that was under development.

As per a report, more than half of the IT projects fail that result in millions of dollars in lost funds. Wirke that specializes in project management software has come up with an informative infographic that lists down some of the techniques that can be used to avoid Project Failure. The Cure for Project Failure - by Wrike project management tools

Infographic brought to you by Wrike hosted project management software

Sattviko, one of the fastest growing food companies in India, has been awarded as the most prominent food startup in the Agri, Food, & Forestry Products segment at The National Entrepreneurship Awards. The National Entrepreneurship Awards have been instituted by the Ministry of Skill Development and Entrepreneurship [MSDE] to encourage a culture of entrepreneurship across the country.

The award ceremony was presided over by Arun Jaitley Minister of Fiinance & Corporate Affairs, Shri Dharmendra Pradhan Honourable Minister of Petroleum & Natural gas & skill development & Entrepreneurship, Anantkumar Hegde Honourable minister of skill Development & Entrepreneurship and Chanda Kochhar, MD & CEO ICICI Bank.

Started in the year 2013 with quick service restaurants, Sattviko has grown exceptionally to becoming a healthy lifestyle brand offering packaged food products that combines the goodness of age old wisdom of Ayurveda with the unique taste and flavor of contemporary cuisines. Sattviko has a range of ethnic product categories including Roasted Makhana, Khakhra Chips, Ajwaini Flax Seeds, Dry Mango, Khakhra Chips, Gur Chana, Salsa Almonds, etc. Sattviko fosters wellness and shares Indianness by incorporating modern flavors on traditional ethnic snacks.

Commenting on the recognition, Prasoon Gupta, Co-Founder of Sattviko, said

We are elated to be awarded as the most prominent food startup in the country. Since our inception, our focus has been on delivering an exceptional experience to our customers who are looking to adopt healthy lifestyle and its practices. Today’s customers are experimental in trying new cuisines yet the familiarity of certain flavours remains the requirement. Sattviko brings the benefit of both with its age-old recipes and exotic preparation methods.

Sattviko products are currently available at modern retailers such as Metro Cash & Carry, More, Hypercity and in general trade across Delhi, Mumbai, Bangalore, Hyderabad, Chandigarh, Amritsar, Jalandhar, Kolkata, Lucknow, Gurgaon, Faridabad and Surat.

The National Entrepreneurship Awards seek to recognise the efforts and achievements of exceptional entrepreneurs and those individuals and organisations who are working in the field of entrepreneurship development. The Awards also seek to highlight models of excellence for others to emulate and improve upon. The winners were selected through a three stage rigorous selection process. Winning individuals/ enterprises were given a prize amount of Rs. 5 lakhs.

About Sattviko

Sattviko started in the year 2013, and has been on an epic ride ever since. From launching the quick service restaurants and fine dine chains to becoming synonymous as a healthy lifestyle brand, it has stayed true to its core beliefs of delivering an exceptional experience to customers who are looking to adopt a healthier lifestyle but don’t want to compromise on the taste. Sattviko ethnic Indian snacks while being roasted & baked without any preservatives or artificial flavours provides a very healthy alternative to the current fried options available in the market. For more information, please visit Sattviko

BookMyShow, India’s largest online entertainment ticketing brand, has joined hands with India’s largest Indie distributor PVR Pictures for Vkaao, a web-platform that enables individuals to choose the films that play in their local cinemas. As part of this association, India’s leading entertainment brands have come together to bring curated content by empowering the fans and movie goers to choose films, screening time, and theatre locations at any PVR Cinema across the country.

While PVR Pictures will continue to focus on making available a variety of films across genres and languages, BookMyShow will leverage its advanced analytical capabilities to identify the right set of viewers and curate screenings backed by its decade long intelligence and incisive understanding of movie goers.

Since its inception in January 2017, Vkaao has screened hundreds of shows, including exclusive paid previews. Vkaao currently has a library of over 400 studio and independent titles and plans to grow this collection manifold over the next 12 months. Vkaao has emerged as an alternate distribution platform for Indie film makers becoming a direct link between them and the cinemas. With this strategic tie up, Vkaao will have the capability to be the turnkey theatrical distribution arm for film makers, providing promotional services, campaign strategy, advertising & theatre booking services. Vkaao will continue to provide its standard Theatre On Demand model for films not positioned for traditional theatrical release.

Marzdi Kalianiwala, VP-Marketing & Business Intelligence, BookMyShow said

Our partnership with PVR Pictures only strengthens the existing successful movie viewing experiences we together provide our customers and now, we are excited to play a significant role in elevating the on-demand movie going experience with Vkaao. Over the last decade, BookMyShow has redefined the access to movies for millions of its users and through Vkaao, we are excited to bring them a curated selection of niche and exclusive films. This will be coupled with Vkaao’s cinematic experience that is highly personalised, and driven by people themselves, empowering them to share it with others with similar interests. Our analytical capabilities will definitely be able to bring together a new generation of cinema lovers and create a community that shares love for such films.

Deepak Sharma, COO – PVR Pictures said

Our successful association with BookMyShow spans decades and we are really excited to work with them on Vkaao.  As we continue to grow the Vkaao collection of films, our mission is to enable audiences to share an endless selection of films with friends, families and local communities, and to provide for a rich and engaging experience at PVR Cinemas. This new collaboration will help create a more seamless relationship between the theatrical and the digital experience. As part of this association, Vkaao, which is currently run as an independent platform will soon be integrated with PVR’s native digital platforms and BookMyShow.

About Vkaao

A fresh, disruptive medium of movie-going, Vkaao is a platform which gives viewers complete control of their movie watching experience at theatres. It allows them to select their preferred movie along with the location, date, and time of the screening at any theatre of their choice. This novel approach to movie going is why Vkaao is being considered as an exciting alternative to the conventional way of watching movies at the theatres. Vkaao’s USP lies in its focus on leveraging state-of-the-art technology in order to create a social, crowd-sourced movie going experience. For more information, please visit Vkaao

The 11.11 Global Shopping Festival held last week yet again surpassed expectations and continued its tradition of breaking records both in terms of the Gross Merchandise Volume [GMV] across Alibaba Group marketplaces as well as the number of consumers and merchants participating.

This was made possible by the technology leadership of Alibaba Group and provided a showcase for innovations in the areas of Artificial Intelligence [AI], Machine Learning & Cloud Computing that powered the elements of New Retail, which was central to this year’s Global Shopping Festival. One of the many highlights was the system’s ability to manage the spike of up to a staggering 325,000 orders per second at peak, coming through this 24-hour stress test.

Jeff Zhang, Alibaba Group’s Chief Technology Officer said

The annual Global Shopping Festival is the biggest test for our technology. This year we fully adopted cloud management and leveraged artificial intelligence on a much larger scale in our infrastructure and systems, resulting in greater operation efficiency while largely reducing IT costs. In addition, we offered innovative technology solutions to enable our partners in areas including product assortment, inventory management, payments and logistics to meet the huge spike in demand during the Global Shopping Festival. We will make these solutions  available through our cloud platform to benefit more enterprises and the larger society beyond this event.

Alibaba Group continues to leverage AI to empower merchants and engage consumers. For example, 95% of customer service inquiries during the Global Shopping Festival were handled by an Alibaba’s self-developed virtual customer service chatbot; in addition, more than 400 million customized online banner ads were generated for merchants by Alibaba’s AI-based marketing design platform; and over 60 billion personalized pages on the Taobao and Tmall Apps were developed for consumers and populated with AI-based product recommendations.

The Global Shopping Festival is a gigantic-scale project in terms of IT infrastructure. To support the unprecedented volume of computing tasks for browsing, ordering, payments and logistics arrangements securely and smoothly, Alibaba Group has leveraged data technologies in a number of ways to develop its robust infrastructure in a cost-effective manner

  • Colocation technology to enhance CPU utilization – Backed by the architecture of one of the world’s largest hybrid clouds with optimized computation and millions of containers, Alibaba Group has developed its own colocation technology. By colocating online services and analytics workloads, the daily average usage of CPU utilization has been increased to above 40% with peak utilization over 60%. The unitization rate went even higher during the Global Shopping Festival, reducing the cost of collocated clusters compared to last year by more than 30%.
  • Intelligent engine to optimize system usage – An intelligent engine was developed this year to automatically allocate computation resources in a timely manner in order to achieve optimal system usage and stability. The engine was used for the first time in this year’s Global Shopping Festival and it is estimated to cut down the number of servers required by approximately 30%.
  • Autonomous end-to-end load testing – Testing was performed multiple times to prepare for the predicted load increases at the peak traffic spikes on November 11. This intelligent, autonomous technology saved around 1,000 man-days worth of engineering work this year in comparison to previous years.
  • Patrol robot for datacenter monitoring – A patrol robot was developed for the first time to undertake round-the-clock monitoring of conditions within Alibaba Cloud’s North China data center during the Global Shopping Festival. It is estimated that the robot removed up to 30% of the repetitive operations tasks related to data center monitoring.
  • Alibaba Cloud’s CDN Node Deployment – Alibaba Cloud, the cloud computing arm of Alibaba Group, deployed over 1,200 Content Delivery Network [CDN] nodes on its expanding global cloud infrastructure to support the explosive amount of content on the Tmall and Taobao platforms. Using data centers in 15 locations worldwide, images, video and live streaming were distributed to multiple locations around the world quickly and smoothly without system bottlenecks.

Purchasing a new car is indeed a dream for many. There are numerous aspects to take into consideration while buying a car. These include comparing various brands and models, selecting the right mode of finance, choosing the best dealer, and taking the car for a test drive, among many others. Once you have made the purchase, it is necessary to ensure that all legal formalities have been completed.

Image Source – Car Safety

Follow the below-mentioned steps after you have bought your dream vehicle.

Check if all the paperwork is in order

Upon purchase of your car, make sure that you have the necessary paperwork from your dealer. Some of the documents include registration certificate, receipt of payment, tax receipt, and delivery challan, among others. You may also make sure to receive all the original documents in case you have borrowed a loan from a bank.

Insurance

According to the Motor Vehicles Act, 1988, it is mandatory to have a car insurance policy. Such an insurance policy

Accessories for your vehicle

If you have just bought a new car, you may make small value additions to enhance the look and safety features of your car. If your car does not come fitted with reverse cameras, mobile docks, or Bluetooth kits, install them upon purchase. You may also invest in a gear lock, mud flap, steering wheel cover, remote central lock with security alarm system, and GPS navigator, among others. Such accessories turn to be very useful, at times.

Proper maintenance of your car

Vehicle maintenance is very important for numerous reasons. It helps to reduce repair costs, maintain the car’s value, and also optimizes your car’s performance. Take your car to your local service center for regular servicing. You may make regular checks on your car’s engine, tire pressure, transmission, battery, emission system, and brake system, among others.

Roadside assistance

In an event of a breakdown such as a flat tire or engine failure, you may be left in a desperate situation. In order to avoid such a situation, purchase a roadside assistance cover that comes as an add-on on most auto insurance policies. You may seek emergency towing services, replacement of a flat tire, replacement if your keys are lost, and may also avail of coverage against minor repairs.

Take the aforementioned tips into consideration upon purchase of your new vehicle. Ensure to have all car-related documents such as registration certificate, 4-wheeler insurance, and Pollution Under Control [PUC] certificate. Once you have all your documentation in place, drive the car of your dreams without any hassle.

Social media is truly a phenomenon. No longer than fifteen years ago, social media as we know it today had not even been thought of, most likely. Myspace was the first true social platform as we know it, and started gaining popularity around 2005, though it was originally released in 2003. After Myspace came Facebook in the years prior to 2010. Twitter came shortly after, then begat Instagram.

Image Source – Social Media Screening

Facebook has more than two billion – that’s 2,000,000,000 – regular users that log on at least once every month around the world. As you might imagine, it’s the largest social platform.

While most people use social media to keep in contact with friends, family, coworkers, and even meet people they’re not already familiar with IRL – in real life – another leading use of social media is for businesses, organizations, and other entities to connect with their customers and potential consumers.

Yet another purpose of social media – although it wasn’t originally intended to work as such – is exercised by employers. A majority of employers engage in social media screening to help weed out unqualified candidates. Here are several tips for screening applicants at your organization – take notes, and don’t try to tackle it without help – it’s OK to ask.

Reach out for help

Not every organization is experienced at hiring new employees. Even if an organization and its constituents are, in fact, seasoned in scouting the job world for ideal applicants, they might not be ready to screen them on social media. Besides, not outsourcing social media screening responsibilities forces employees to focus on responsibilities that they might not be passionate about, prepared for, or trained in.

Seek out social media screening agencies on the world wide web. We recommend trusting reputable agencies in assisting your organization with screening applicants on social media, including the likes of Fama.

Apply screening procedures equally across all applicants

In hiring, it’s important to subject all applicants to the same treatment. Not doing so can potentially result in organizations being accused of discriminating against those that they didn’t hire. Even if legal problems like this don’t pop up – they won’t, a vast majority of the time, although in today’s politically correct world, it’s better to be safe than sorry.

Delegate the actual browsing of social profiles to others

While you should keep this responsibility within the walls of your organization, the person or people that make the final calls regarding hiring decisions should never be the ones that screen social media profiles.

If the entity you work for is large enough to have a human resources department, delegate digital job screening responsibilities to HR. If not, ask someone outside of the hiring process to look through applicants’ pages and provide a summary of all pages to the person making such decisions. Remember to never include any information regarded protected characteristics like age, sex, or race.

Be consistent in subjecting applicants to screening procedures

If you look through the top ten posts of a particular applicant’s Facebook page, then use a program to sort through every tweet that person has on Twitter, you should hold every single applicant to those same standards.

Not doing so, whether you recognize it or not, is not being fair to those seeking jobs at your organization.

The Indian School of Business [ISB] and Shakti Sustainable Energy Foundation have joined hands to launch the Clean Energy Lab, a uniquely designed incubation programme to support early stage non-profits working on creating policy impacts in clean energy.

Image Source – ISB CleanTech

Supported by DLabs, the incubation and acceleration arm of ISB, the Clean Energy Lab invites entries from non-profits, working in the areas of renewable energy, climate change and energy efficiency. The Lab aims to identify individuals and thinkers with big, audacious ideas to create research based policy impact in India and build their concepts into scalable institutions.

Talking about the need and importance of such an initiative, Professor Rajendra Srivastava, Dean, ISB, said

Clean energy is the need of the future and India is already making a mark globally for its initiatives in this space. The government has drawn up an ambitious agenda to become self-reliant in generating renewable energy by 2022. Against this backdrop, research focused non-profits can play an important role in influencing policy and pushing India towards a cleaner environment in the years to come. Through the Clean Energy Lab, ISB is excited to partner with Shakti Foundation to support non-profits who are seeking to create large scale policy impact in building and scaling their ideas and contribute to the larger goal of nation- building.

The Clean Energy Lab will identify and incubate five exceptional ideas to create policy action on clean energy. The selected participants will have access to the following

  • Sustenance Support of up to INR 4.8L
  • Dedicated Mentorship by an Expert Panel consisting of energy and non-profit experts
  • Access to infrastructure at the ISB Campuses
  • Strategic advisory support and access to networks
  • Impact Measurement Support to determine milestones and assess growth
  • Access to Organizational Development Services

Sharing his views on the rationale for developing the Lab, Krishan Dhawan, CEO, Shakti  Sustainable Energy Foundation said

One of Shakti’s roles as the only foundation focused on India’s clean energy sector is to build and strengthen the capacity of civil society in order to participate more effectively in policy dialogue and action. Platforms like the Clean Energy Lab are an important part of the solution. The Lab is India’s first incubation programme to support high potential ideas that can be built into scalable institutions as well as create evidence-based policy impact in the area of clean energy. Given India’s increasing energy demand and urgent development priorities, outcomes from the Lab can make a very important contribution.

Who can apply and more details

Early stage non-profits including NGOs, community based organisations, think tanks, foundations, research institutions working in this space and individuals with potential ideas are eligible to apply. The last date to apply is November 15, 2017. To know more visit this page

The yearlong incubation programme commences in January 2018 and will include dedicated mentorship with assigned experts, capacity building and training sessions and a multitude of opportunities to network and partner with potential collaborators.  The Lab would conclude in December 2018 by which the all the non-profits would be registered entities culminating in a Showcase Pitch Session where the non-profits would pitch to philanthropic organisations for funding.

DLabs is the incubation and acceleration arm of the ISB set up in collaboration with the Department of Science and Technology, Government of India. It aims to support the creation of a vibrant and high impact entrepreneurial ecosystem focused on innovation in key sectors including technology commercialization. DLabs leverages the vast resources, expertise and networks of Centre for Innovation and Entrepreneurship at ISB through mentorship, education and investor connect.

Further details about the program are available here

Synechron Inc., the global financial services consulting and technology services provider, announced the launch of a set of InsurTech Accelerator solutions. Synechron’s InsurTech Accelerator Program combines Synechron’s expertise with digital innovation, business consulting, and technological capabilities to deliver firms end-to-end solutions to insurance business challenges through transformative digital initiatives and solutions.

Image Source – InsurTech

Synechron has built a suite of InsurTech Accelerators applications, each based on a unique business case, that allow organizations to leverage innovative technologies to enhance business operations, reduce operating costs, and create better client experiences. Synechron’s InsurTech Accelerator applications have taken a business challenge that can be best solved through technology and re-architected business processes to build a solution to those challenges.

The Accelerators focus on business consulting and use techniques like Blockchain, Artificial Intelligence and Machine Learning, Robotic Process Automation [RPA], Mobile Solutions, Digital Strategy/Customer Experience Design, and the Internet of Things [IoT]. This set of Accelerators is Synechron’s third accelerator program in FinLabs to date following the large success of Synechron’s Blockchain and Artificial Intelligence Accelerators.

Along with the InsurTech applications, the Accelerator Program offers access to Synechron’s team of consultants who are experts in insurance business processes, products, regulation, operating models, and data architectures and models which are critical to constructing effective insurance applications.

The InsurTech Accelerators broken down by their core underlying technology include:

Blockchain

Synechron’s Blockchain InsurTech Accelerator focuses on two use cases:

  • Insurance Claims Processing, which leverages Blockchain’s Distributed Ledger Technology [DLT], smart contracts and digital capabilities combined with the IoT to assist with asset provenance, reduction of fraud, and a straight-through process around high volume, low-value insurance claims.
  • Trade Finance, bringing banks and corporates like insurance companies together on a single distributed ledger to minimize fraud and increase transparency around the supply chain.

Artificial Intelligence/Machine Learning

Synechron’s AI/ML Accelerator for Visual Risk applies machine learning to analyze 70+ data sources and provide predictive risk analytics with detailed visualizations and simple risk queues to equip the underwriter with easy access to critical information, automating up to 80% of applications, leaving just the most complex for manual review. The AI/ML InsurTech Accelerators also include use cases for Intelligent Underwriter Scoring, utilizing historical policy data, real-time policy data, and predictive modeling to help underwriters prioritize based on work-to-reward ratio and Automated Natural Language Processing [NLP] for Account On-boarding.

Robotic Process Automation [RPA]

Synechron’s most functionally rich and advanced InsurTech Accelerator is RPA focused and addresses a wide variety of automated process orchestration with a fully customizable suite of pluggable Insurance components.  From front-end forms capture and OCR thru claims processing our high function accelerator allows disparate systems to be tied together with a light footprint, even working seamlessly with other automation tools.

Mobile Solutions

The InsurTech Accelerators focus on Mobile Solutions to allow insurers to tap into the functionalities built into mobile phones whether it’s geo-location, the camera, or simply the App Store to create 1:1 customer experiences.

Customer Experience Design

In today’s world of advanced digital, Customer Experience is what distinguishes an insurance company from another. The Accelerators allow Insurance companies to transform their business to create a new and transformed customer experience through effective user experience design related to their direct to customer, or insurance broker channel strategy.

Internet of Things [IoT]

An IoT solution gives insurers the capability to collect vast amounts of data that can be combined with other technologies to create powerful solutions. IoT can also allow insurers to use drones to access real-time damage assessment related to natural catastrophes, for example, to better anticipate future claims, create a device network that will better align insurers with customer needs or to better understand and control their losses.

For more information, please visit Synechron-InsurTech