Within a few weeks, many workers around the world were forced to trade in their office – with all the benefits of a familiar IT environment, the convenience of having their own desk and personal contact with employees – for the home office.

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For companies, this transition also presented challenges on various fronts. In addition to maintaining both ongoing operations and the productivity, efficiency and motivation of employees, some employers decided to hire new employees despite the prevailing crisis. From recruiting to onboarding – alternative processes had to be created for these processes and technologies had to be used to enable them – just like the actual work itself – to be implemented remotely.

Many companies struggled with the politically, economically and socially difficult situation during this period. Just what impact does such a change have on the onboarding of new employees, and what will this process look like in the future?

Secure and consistent

Two factors play a major role with regard to IT when a large number of employees work remotely, ensuring security on one hand and consistent IT usage – or the [digital] employee experience – on the other.

Even if a company assumes that its network is basically resilient, it must be effectively secured against cybercriminal attacks despite several thousand connections. To counteract this, a zero-trust security strategy must be developed and implemented comprehensively across all business units and the entire IT landscape.

While building a resilient infrastructure can prove relatively easy, maintaining a consistent employee experience can prove much more tricky. The modern employee insists that working from home feels and functions just as if he were in his traditional workplace.

Although flexible working has proven its worth in recent months, there is a growing need for the right equipment such as monitors, [ergonomic] office chairs, mice and keyboards. Since most offices will only be used to around 50 percent capacity in the future, any equipment that may have been previously used should be handed out to all teleworkers, so that they are fully equipped and can work as usual.

Onboarding in times of remote work

This experience would vastly vary across organizations. However, in our case, since a portion of the workforce was already teleworking full-time before Corona, the company benefited from existing processes and continued to enhance the onboarding experience.

IT teams as agile ‘product managers’

To gather more insights around remote work, a recent study by us showed that 58 percent of employees surveyed worldwide are confident that their employer needs to provide better tools, so that every employee can work remotely more effectively. 

Even before the pandemic, employees preferred different tools and approaches to perform their daily work. Now, as remote work becomes more widespread, IT teams need to ensure that everyone has access to the technology they trust, including existing and new telecommuters. A ‘product management approach’ can be used to identify these needs. IT professionals, whose primary concerns used to be implementation effort and costs, should adopt a user-centric approach.

Instead of asking whether a project is within budget, they can now find answers to questions like ‘What do my colleagues want? What do they need to get their work done? Where are their biggest pain points?‘. By doing so, they can prevent employees from getting frustrated by using their personal devices and software that have not been approved by the IT department, thus posing an increased security risk.

The use of agile methods can help the IT team to approach a project. To do this, they need to think outside the box and look for working methods that are different from the traditional practices of many IT teams in other areas.

Conclusion

Despite the prevailing crisis situation, it is possible for companies to hire new employees and offer them a simple onboarding process – and all this remotely. Employers must also provide new employees in their home offices with the right technology – both in the form of devices and accessories and software. The home office environment must be made as secure and consistent as possible.

Good virtual onboarding is most successful when you take advantage of the solutions that are available to you. Introductory videos and access to ample digital resources make it easier for new employees to find their way around both the company itself and its IT landscape – even if they have never seen the team in person. For a successful implementation, end user requirements must be given high priority. This often means establishing working methods and practices that differ from traditional ways of working.

About the Author

Ross Chippendale is Head of Workplace Technology, Atlassian. You can find more about him here.

As industries across the world witnessed a dramatic acceleration in the need for digitization, technology-driven companies are now leading the path to a faster recovery globally. The National Association of Software and Services Companies [NASSCOM] launched their report titled ‘Future of Technology Services – Navigating the New Normal‘.

Independent third-party research and analysis was conducted by McKinsey & Company as Knowledge Partners. As per the study, extensive acceleration in digital adoption by enterprises and a potential increase in outsourcing intensity due to remote working are contributing to the faster than expected recovery for the technology services industry. Top Indian technology service providers have performed better than analyst estimates in the second quarter of FY21.

The report highlights that Tech Natives and Digital Reinventors with revenue over USD 3 billion have driven 65% of the ~USD 6 trillion growth in market capitalization between January to July 2020, highlighting that technology is now core to future business recovery.

COVID-19 has accelerated digital adoption across industries, technology service providers are witnessing a sharp growth in digital deals. Digital transformation deals have seen a 30% jump, 80 percent jump in cloud spending, and 15 percent in customer experience have been witnessed since the pandemic.

With an increasing focus on remote enablement, companies are also reporting an increase in the digital dexterity of their employees and are actively reviewing processes to identify opportunities for automation and digitization.

Sharing her thoughts on the report launch, Debjani Ghosh, President, NASSCOM

Over the years, Indian technology services sector has had an unparalleled impact on the economy through a multiplier effect on job creation, balancing import bill through sustainable exports, powering start-ups and driving substantial contribution to GDP growth.

The next 10 years will be fundamentally different from the past and require all stakeholders to develop strategies and insights to identify new opportunities and mitigate the risks. To ensure faster recovery, companies need to develop a two-part response to the evolving landscape: near term plan of action and long-term strategic rethinking.

Sharing his views, Noshir Kaka, Senior Partner and Global Leader, Analytics, McKinsey & Company

Investment in digital re-invention and resilient operations saw a dramatic acceleration since the start of the pandemic. The report suggests that the world has leapfrogged on digital adoption by 3-5 years in the last 9 months. We are seeing an increased emphasis on digitization across verticals and our analysis shows that 80%+ of the near-term spending may be driven by COVID-19 resilient digital offerings.

The strategic gameboard has changed tremendously in the last 9 months and agile companies have made the most of this by reimagining the way they look at growth [microverticals, customer segments, geographies, etc.] and re-wiring their operating models for the new normal.

Enterprises and CIOs are rebalancing their technology spend to prioritize digitization. Major technology services players have reported better results than analyst expectations in the second quarter of FY2021. The technology service providers attributed the revenue growth to cloud and digital offerings and benefits accruing from vendor consolidation by enterprises.

Looking ahead to 2021, however, analysts are cautiously optimistic, especially in the area of enterprise software which is expected to take the biggest leap on the back of remote working and other virtual services.

Certain micro-verticals [e.g. travel, hospitality, heavy engineering] which have been massively affected by the pandemic will also take longer to recovery. Technology service providers will need to actively rebalance their portfolio to play in the high growth microverticals in the next normal.

In the next normal, discussions with enterprise CIOs suggest that 70% of enterprises are looking to either increase or reprioritize their outsourcing spend, with business digitization (including remote enablement) and cloud transformation being the top two spend priorities over the next 12-18 months. Nearly 50% of CIOs will be focusing on efficiency, resilience, and optimizing spend wherever possible.

Further, an increase in enterprise demand for digital technology and the rise of remote working is forcing service providers to revisit their delivery operating model, talent acquisition strategies, and people supply chains. Enterprises are adopting an analytics-driven, recruitment process for improved efficiency and digitizing the recruitment process by using social media profiling, hackathons, video interviews for improved conversion rate and offer to join ratio.

It is estimated that COVID-19 could be one of the pivotal shifts that define the next wave of reimagination for the technology services sector, both on growth and operating model.  However, to achieve the pivot, technology service providers need to remain flexible and maintain pace with the changing times by proactively adapting to new demand themes and buying behaviour, galvanizing operating models, and revamping people supply chains.

The report can be downloaded from here

A mutual fund calculator is a practical financial tool that permits individuals to compute the returns earned on their mutual fund investments. This tool helps to predict the overall returns on the maturity of the scheme, given the principal investment amount and expected rate of return. It takes into account both the investment routes, i.e., SIP or Systematic Investment Plan and Lumpsum mode.

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For good measure, some mutual fund return calculators also provide the option to adjust the returns against inflation to offer a more realistic picture.

How does a mutual fund return calculator help you?

An MF return calculator can be immensely helpful in the following ways:

  1. A mutual fund calculator offers you with the estimated returns for the entire duration of your investment. You may calculate your investments’ 1 year, 3 years, and 5 years returns using the mutual fund calculator.
  2. It is a tool that is available to all investors at free of cost. It is very easy and convenient to use, i.e., even a layperson can use it with relative ease.
  3. Mutual fund return calculators offer reasonably precise returns on your mutual fund investments. However, you should be mindful that as mutual fund investments are subject to market risks, you cannot predict the returns with pinpoint accuracy.
  4. A mutual fund calculator helps investors to plan and successfully manage their finances in a better way once they have an expected idea of the future value of their investments.

How does a mutual fund calculator work?

As mentioned above, a mutual fund return calculator will give you the investment value at maturity by calculating the returns on your mutual fund scheme according to your investment horizon. You can adjust the variables of the calculator such as the amount of investment, the duration of SIP, the expected rate of returns, SIP/lump sum, and frequency of SIP.

When we talk about mutual fund investments, one of the most essential aspects is the expected returns on the investment. A mutual fund return calculator helps to reveal the same.

How to invest in mutual funds online?

There are various avenues from where an investor can purchase mutual fund units:

  1. Direct Plans – You can directly approach the AMC [Asset Management Company] and invest in the direct plan of your choice. Investors who invest in mutual funds via this route enjoy low expense ratio as AMCs don’t charge distributor commission. Hence, as an investor, you can earn a better rate of return.
  2. Mutual fund Distributor – You can also contact a registered mutual fund distributor. The designated person will help you out to complete the requisite documentation. If you invest via this route, you will be charged a distributor’s commission
  3. Online – There are several third-party portals available online to investors. You can visit one of them and invest in different types of mutual funds by paying a nominal fee.

As we adapt to the new normal, the adoption of the cloud contact center has certainly increased. Most successful businesses are investing in technology that helps them increase their business efficiency. Reduced cost pressure, high data security, and flexible contact center operations are the top drivers of the increase in cloud adoption.

Most startups are opting for a cloud solution, making virtual business infrastructure a reality. Large enterprises that once believed in keeping an in-house contact center are also planning to move to cloud contact center software to scale up their businesses and cut down on the infrastructure costs.

What is Cloud Contact Center software?

A cloud contact center is a software that is hosted over internet, is easy to deploy, and comes with enterprise-grade security. A cloud contact center meets the needs of inbound and outbound calling operations and is run over the internet to provide uninterrupted customer service and support.

A highly flexible, agile, and robust cloud contact center software enables the businesses to manage their omnichannel contact center operations seamlessly. It has in-built capability to add channels like Voice, Email, Social Media [such as WhatsApp, Google’s Business Messages, Twitter DM, Instagram, Facebook Messenger], Video, and Chat.

What makes Cloud Contact Center the choice of SMEs and Enterprises?

Let us now look at some of the cloud contact center benefits that might help you decide on the best cloud call center software for your business.

Ease of Installation

Cloud contact center software does not require any hardware installation, therefore, making it highly flexible to deploy in hours. You can choose from the variety of cloud contact centers such as Private Cloud, Public Cloud, and Hybrid Cloud. Each business has a unique usecase and they need a customized solution according to their business needs.

For instance, if you have a small e-commerce startup, you can choose a public instance that stores your data on cloud with several other users. But, if you are a bank, you need a private cloud to ensure maximum level of data security.

Reduced Cost Pressure

Let’s consider a scenario where the businesses are spending 10-15% of their on-premise contact center cost in managing the infrastructure, building up a physical office, and providing right tools and services to the contact center agents.

More often than not, this function runs on razor-thin margins, especially in BPO companies.

Let’s imagine this cost goes away in a remote work environment with a cloud contact center software. The additional saving of 10-15% cost on setting up infrastructural facilities in the physical office environment can be invested in alternate channels, tools, and equipment for the remote workforce.

Hiring Diverse Workforce

With remote work becoming the new reality, businesses are turning towards a remote hiring model to get an access to a wider pool of talent across multiple geographies, putting away the barrier of relocating.

This has manifold benefits such as:

      • Businesses working for different time zones can access the global talent pool, ensuring that they provide native experience to each customer
      • It helps in hiring parents who find it difficult to move out of their homes to work in a physical office environment
      • Working remotely eliminates the need for traveling to reach the office daily and employees like to be given flexibility. With Remote Working Solutions, employees are more likely to accept job offers that do not involve traveling
      • People nearing retirement can also be given the opportunity to work remotely

Flexibility & Scalability

In an on-premise set up, it becomes difficult for organizations to scale their business without worrying about operational overheads. But, in a cloud contact center software, you can choose a ‘pay as you go’ model and add additional contact center agents during the peak holiday season without any hassle.

A cloud contact center also provides the flexibility to login from any device, any browser, and any location, allowing you to provide an ease-of-use to your agents. This, in addition to other benefits, helps you overcome the IT infrastructural challenges.

Maximum Data Security

With cyber-attackers becoming more sophisticated, it becomes a prime concern for the businesses to ensure maximum data security to their customers. Data theft not only costs the sensitive information, but also ruins the brand’s reputation, and customer’s loyalty.

But, with a cloud contact center software, backed by PCI-DSS compliance regulations, you can store all your data securely over cloud. In addition to adhering to the compliance standards, the data can be masked for securing data further.

For instance, when the agents are working remotely, it is near to impossible to keep track of each of their activities, but with a robust cloud contact center solution, you get enterprise-grade security features such as barring the screen recording, number masking, and more.

About the Author

Tanya Bansal is an enthusiastic individual, Marketing Executive at Ameyo, keen to learn customer problems, helping businesses find the right solutions effortlessly. Along with that, always being poised by the words, she finds her solace in reading and imparting her knowledge with students through multiple teaching programs.

It’s interesting how everything is getting digitalized and virtual today. It would not be wrong to say that though this year brought in a lot of disruptions, one good thing that has come out of it is the way we are embracing technology and digitalization. This highlights that we are progressing towards a future where everyone and everything will be connected.

Talking about virtual, the age is also witnessing a rise in virtual events. Being invited to quite many virtual events, I was wondering if a virtual event could justify the glory and excitement of a physical event, as there would be no physical interactions or live experiences. But Dell Technologies India has surely cleared it all.

With the first-ever virtual Dell Technologies Forum, Dell has surely reiterated its promise to deliver a glimpse of the digital future along with an immersive event experience. I am glad I was part of this amazing event, getting to know about all the groundbreaking innovations, leaders’ perspectives and so much more.

What really grabbed my interest in the event was the thought-provoking keynote session delivered by Dell Technologies leaders, both global and from India. This 1.5-hour session did not just help me realize where our country stands in the digital frontier but also helped me realize how innovation and emerging technologies can change the world to a much better place. The insights from the leaders are something every business leader needs to delve into, as it will help them realize their digital future.

I was also fascinated with the keynote delivered by John Roese, President & CTO, Dell Technologies, where he mentioned that the IT innovation of the future will rely on technologies such as Hybrid Cloud, 5G, AI, ML, Edge, etc. I believe these technologies are set to overhaul every industry in the country. Aongus Hegarty, President – International Markets also gave a very interesting insight into how Dell Technologies brings in a new strategy to deliver a cloud-like as-a-service experience across its full portfolio – something businesses of all sizes need to look into.

Overall, it was an amazing experience to hear all the Dell leaders underpin the criticality for businesses to adapt to the rapidly digitalizing world and how can they design a simple yet agile IT. And this is how Dell accentuated this year’s forum theme – ‘Accelerated Digital Transformation’.

Looking forward to the breakout sessions to explore more about how innovation can help in building the road ahead. Some interesting line-ups that intrigued me are – enhancing remote work strategy, how to keep endpoints secure, and simplifying AI. Can’t wait to listen to what the industry leaders have to say.

There is also an interesting fireside chat with none other ‘The Wall’ of Indian cricket, Rahul Dravid. Waiting to hear him talk about his amazing journey. And not to forget, the event is going to conclude with a soulful session with fusion singer Papon. I am sure the rest of the event is going to be even more exciting.

If you want to know what happening, check out Dell Technologies Twitter and Facebook to get all the updates. You can also take part in an interesting contest and win some exclusive Dell goodies.

So, what are you waiting for? Go ahead and don’t miss out on the information galore!

As India continues to take rapid strides towards digitization across sectors, Indian tech start-ups are now witnessing a gradual road to recovery. National Association of Software and Services Companies [NASSCOM] launched the findings of the Start-up Pulse survey II, titled ‘Indian Tech Start-ups – On the Road to Recovery. NASSCOM revisited its first tech startup pulse survey, conducted back in April – May 2020, to understand what the current perspectives are, what has changed and what the next 6 months look like for the tech start-up ecosystem in the country.

As per the findings of the NASSCOM Start-up Pulse Survey II, revenue acceleration and funding has improved the cash availability with start-ups. 43 percent of tech start-ups have a runway for more than 6 months, compared to 8 per cent in the earlier survey.

Covid-19 has accelerated digital adoption and tech startups can leverage this opportunity with enterprise and SMB clients for product adoption. Greater focus on the shift to online has also created new business opportunities. There has been an increased interest from VCs and funding agencies to invest in seed-early stage start-ups. Government initiatives such as Atmanirbhar Bharat, digitalization of India, a greater focus on sustainable business models is attracting VC interest for Indian tech start-ups.

Almost 25 percent of the surveyed start-ups have been able to raise funds or find prospective investors as compared to 7% in the earlier survey. Sectors like Edtech, Healthtech, SaaS, SMB continue to attract investor interests.

Sharing her thoughts, Debjani Ghosh, President, NASSCOM, said

The Indian start-up ecosystem has set a global benchmark in remained resilient during this disruptive year. Setting an example for many other industries across the globe to follow and learn from how Indian start-ups converted challenges into opportunities.

A Large tech start-ups pool, strong innovation focus and entrepreneur’s zeal have been the growth drivers of this ecosystem. We are pleased with the way the ecosystem has been supportive of each other during these difficult times and hope that the industry remains its robust zeal to further contribute to reviving the economy.

While the ecosystem continues to be cautious, it is increasingly looking at hiring talent with the right competencies. As per the findings of the survey, hiring freeze at tech start-ups dropped by 20%. Jobs with the right skills continue to be in demand. Digital skills – data, AI, product management, cloud architects continue to be in high demand across the tech start-up ecosystem.

Demonstrating agility and resilience, tech start-ups continue to build sustainable operating models. Start-ups are adopting multiple short- and long-term strategies to tackle COVID impact. 72 percent tech startups are enhancing their product offerings and investing in deep tech solutions that enable automation and analytics for their clients. Around 60-70 percent of tech start-ups are relooking at their business models – expanding to newer verticals, building partnerships and enhancing existing solutions.

COVID- 19 challenges have necessitated tactical and strategic shifts amongst tech start-ups leading to rapid diversification and focus on deep-tech as the ‘New Normal’.

40 percent of deep-tech focussed start-ups built AI-based solutions, over 60 percent Agritech and Health-tech start-ups are focused on AI-based solutions.

It is likely to be a more judicious mix of revenue and operational efficiency going forward.

Although pre-Covid funding levels may take longer, almost 50 percent of tech start-ups expect to reach pre-Covid revenue levels in the next 6 months. 

However, to ensure this road to recovery, continued support from the ecosystem is required. NASSCOM calls out 5 key imperatives for start-ups to sustain growth momentum – Optimize operational metrics; expand or pivot towards growing or upcoming verticals; ‘Vocal for local’ products and solutions and creating a larger social & economic impact; fostering trust-based partnerships with ecosystem players and customers; and lastly, enable and encourage digitization of impacted areas e.g. Local stores, supply chain cogs.

Mutual fund investments and direct stock market investment [or shares] are two very distinct financial products that are often misinterpreted as identical investment option. Investors often face the dilemma of deciding where to invest their hard-earned money. Mutual funds or stocks?

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This article aims at providing a mutual fund investment guide and solving this dilemma.

How mutual funds are better than direct investments in stocks

Here are a few reasons why investing in mutual funds is a better investment option than direct investments in stocks:

Professional Management

One of the key reasons why investors prefer to invest in mutual funds is to leverage the expertise and knowledge of a mutual fund expert – fund manager to earn substantial returns.

Investment in stocks without prior experience and knowledge about the working of the financial markets can prove to be catastrophic. This can easily result in exhausting one’s savings. Hence, experts often advise investors to invest in mutual funds online if they do not have a thorough knowledge of the markets and desire to keep their money in safe hands.

Diversification

Unlike a direct investment in stocks that invest in individual equities, mutual fund investments strive to invest in multiple asset classes to hedge the investment portfolio during volatile market conditions. Thus, mutual funds help to diversify the portfolio while mitigating one’s risk profile.

Convenience

Purchasing and selling stocks entails ample time and formalities, something that is absent in mutual funds. In case of mutual fund investments, these formalities are done by the AMC [Asset Management Company] or the fund house that manages the fund, for which they charge a nominal fee. What’s more, mutual funds do not necessitate an investor to regularly monitor and time the market. An investor can easily put their capital in mutual fund schemes for a long time and earn decent returns.

Tax-Saving Benefits

When it comes to stocks, income generated from equity investment is taxable at the hands of the investor. Additionally, there are no tax benefits. However, there are a few types of mutual funds that allow an individual to avail tax-saving benefits. ELSS (Equity-Linked Savings Schemes) are tax saving mutual funds that are eligible for a tax deduction of up to Rs 1.5 lac u/s 80C.

Overseen by the market regulator

Unlike stocks, mutual fund houses are subjected to certain restrictions and scrutinies by the national market regulator- SEBI [Securities and Exchange Board of India].

Where should you invest?

Mutual funds or stocks? Which one is the ideal investment option? There is no right answer. Mutual fund investments provide us with peace of mind when compared to stocks. Still, stocks have the potential to generate exceptionally higher returns than mutual funds.

Lastly, it goes without saying that the best returns would be generated when the investors stick to their investments for the long term. Whether you decide to go forward with mutual funds or stocks, entirely depends on your financial goals, investment horizon and risk profile. Happy investing!

Ather Energy, one of India’s first intelligent electric scooter manufacturers, has raised an investment of USD 35 Million in its latest round of Series D led by Sachin Bansal’s investment of USD 23 Million. Ather Energy was one of the earliest start-up investments of Sachin Bansal when he invested USD 0.5 Million in the firm as an Angel investor in 2014 and with this round, has made a total investment of USD 53 Million.

Hero MotoCorp has also invested USD 12 Million as a part of the Series D round in Ather Energy. The continued investment by the existing investors is a manifestation of confidence in the brand and the sector.

Ather Energy’s new line of products Ather 450X and Ather 450 Plus has been making news across the country. Ather Energy has been aggressively expanding, with the opening of 9 new markets – Pune, Ahmedabad, Mumbai, Delhi, Coimbatore, Kochi, Kozhikode & Kolkata in the coming days, and the installation of Ather Grid in all the new cities. To meet the projected demand in the coming years, Ather Energy is moving to a new manufacturing facility in Hosur, Tamil Nadu, which will be designed to produce up to 1 million vehicles a year. This round of investment will allow Ather Energy to accelerate its expansion plans and speed up the deliveries of the Ather 450X.

Ather Energy also unveiled their collector’s edition vehicle Series 1, the only two wheeler with transparent panels in India, in September. The Series 1 vehicle has been designed for early owners of the vehicle with only a limited group eligible to purchase it. In the past 6 months, Ather Energy has added multiple new financing plans – a one of its kind Assured Buyback option for the Ather 450X & Ather 450 Plus, new lease and loan programs and a two wheeler exchange plan. Ather Energy will begin deliveries of their smart electric scooters across India this Diwali.

Tarun Mehta, Co-founder & CEO, Ather Energy, said

Electric vehicles are here to stay and Ather Energy is playing a leading role in driving this change. Sachin has been part of our growth journey and this investment is a strong endorsement of the momentum we’ve built over these years.

Post the successful launch of our new product line, we are now looking forward to delivering the vehicles and seeing them across all cities. The pandemic has changed the landscape of personal transport and we hope that with high performance alternatives available people will choose electric vehicles for their daily commute.

Sachin Bansal, one of the early backers of Ather Energy, said

Ather Energy has set a new benchmark for intelligent electric bikes in the Indian automobile industry. Their new product line and expansion plans across the country will make EVs a part of the Indian landscape. Having been a part of the team since 2014, it’s great to see their vision taking shape.

About Ather

Ather Energy, one of India’s first intelligent electric vehicle manufacturers, was founded in 2013 by IIT Madras alumni, Tarun Mehta and Swapnil Jain. Backed by founders of Flipkart, Sachin Bansal & Binny Bansal, Hero Motocorp and Tiger Global, Ather Energy launched India’s first truly intelligent electric scooter – Ather 450 in 2018, followed by their new flagship offering Ather 450X in 2020. Ather has also installed a comprehensive public charging network, Ather Grid, built and designed in India.

Ather has added multiple ownership and purchase options for consumers, making it easier and more affordable to shift to EVs, including petrol  exchange, private leasing, monthly subscription and model upgrades. For more information, visit Ather Energy.