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Fin Tech

Advance fintech solutions with ORIGIEN

origien

Editorial Leadership pickup by Digilah (Tech Thought Leadership).

China Resources Bank has debuted two key components of its Financial Infrastructure Innovation Platform – a financial transaction cloud and a new supply chain finance platform.

It is built on ORIGIEN, the financial-grade digital infrastructure developed by digital transformation specialist GienTech.

Promoting the development of sophisticated home-grown financial technology (fintech) in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the new platform enhances the Bank’s operating efficiency, flexibility, and agility, and fosters innovation to support customers.

Established in Zhuhai in 1996, China Resources Bank actively supports the growth of the GBA. 

The Bank signed a strategic partnership agreement with GienTech in December 2022 to advance its technology innovation, build the Financial Infrastructure Innovation Platform, and promote the GBA’s fintech development.

As the digital infrastructure at the heart of China Resources Bank’s Financial Infrastructure Innovation Platform, ORIGIEN enables systematic IT architecture upgrades, large-scale software development, and digital transformation while meeting the high technical standards of the financial sector.

The Financial Infrastructure Innovation Platform will be rolled out in two phases.

Phase one has seen the establishment of the financial transaction cloud, as the technology foundation of the Bank’s digital transformation. 

On this cloud platform, is being built an updated core banking system, a new supply chain finance platform, as well as a new mobile banking platform.

Phase two will be set in motion after the cloud platform’s reliability, security and feasibility have been validated through these core business frameworks, and the rest of the bank’s financial transaction systems will be migrated to the cloud.

There is also underway the readying of a new mobile banking platform, which will be ready for a trial run by the end of 2023.

Ultimately, GienTech and China Resources Bank aim to set an industry benchmark for fintech application innovation and actively promote fintech development in the GBA.

The goal is to empower the digital transformation of the financial sector and other key industries in the region with the comprehensive ‘ORIGIEN + Solution + Service’ business model.”

The successful deployment of China Resources Bank’s financial transaction cloud and supply chain finance platform underscores the stability and security of ORIGIEN as a platform for financial services. 

Source: PR Newswire

Most searched questions

What is Origien?

What is financial infrastructure?

Most searched queries

Origien

Supply chain

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Food Tech

Cold Chain Technology: Optimal Product Quality and Safety

seafood

Written by Mark Alzawahra on Digilah (Tech Thought Leadership).

I started-up Catch of Norway Seafood to serve the Indian market with premium Norwegian salmon and seafood products from Norway. Our company is based in Bangalore.

We market and distribute fresh and frozen seafood across India. Our company is involved in procurement, logistics, cold chain technology, branding and marketing. 

We have a presence online and offline; with our online presence being very important in building a brand and growing the business financially.

We started Catch of Norway Seafood as b2b wholesale business to gain market share with volume. We did our primary research on the ground and our due diligence before fully investing in this venture.

Once we established the company, we did some old fashioned word-of-mouth marketing which was useful.

This will always be useful. Crucially, we also began a digital marketing campaign on Facebook and LinkedIn without sponsoring or paying for ads. 

This is the power of the digital world. Decisions makers, executive chefs, procurement directors, managing directors, and CEOs were able to view what we were offering through their own personal and professional interests.

We could easily engage with our target audiences, users, and end-users in a meaningful way and learn more about the Indian market for our products.

Once we established our brand as a leader in premium in Norwegian salmon and imported seafood in India, we decided to enter the direct-to-consumer market in Bangalore, and later in other major cities in India.

Platforms such as Shopify have enabled us to reach d2c customers in Bangalore and other cities in India. 

Our partnerships with fully online digital logistics service providers enable us to easily deliver to these customers without compromising on quality and time.

Customized online dashboards that allow us to take a 360 degree view of all financial and operational aspects of our company, that can also create and store crucial documentation needed to source, purchase, and deliver goods and services are crucial to maintaining cost control and savings we can pass on to our customers.

We are leveraging technology to keep operational costs done without compromising our customer service and product quality.

Being able to operate in the digital and technology age, has made it easier for me to manage and operate our various businesses across multiple geographies. 

I can access our company P&Ls via real-time online dashboard, issue invoices with a few taps of the phone, our team can manage our wholesale and retail distribution pan-India with logistics platforms such as Porter and Pidge.

We can track our deliveries through our own tracking systems or through the third-party partners that provide this service.

In addition to logistics technology, cold chain management technology helps us with quality control throughout our entire supply chain.

When dealing with highly perishable food products such as fresh seafood, it is crucial that we are able to know that the correct temperature ranges are maintained from production to packing to export until it reaches our final destination.

This is done by utilizing USB temperature readers placed in boxes that record the temperature in the boxes. This data can be accessed by plugging in the USB to a laptop and it automatically provides the driver and screen of the temperature log.

As we have gone on this journey in building a premium Norwegian salmon & seafood company in India, we have seen great improvements and innovations in technology that can help us continue to grow our business and increase brand awareness.

Now that we are serving more than 15 major cities in India through a variety of sales channels, we have learned about better technological solutions that can be customized to serve our needs and goals. 

This allows us to go out and actively pursue our ambitions confidently with tailor-made solutions we know are available.

Most searched questions

What is Catch of Norway?

Salmon

How did Catch of Norway develop in India?

Most searched queries

Catch of Norway

B2C

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Fin Tech

Transforming Financial Literacy: A Digital and Tech Journey

Written by Hritik Rajora on Digilah (Tech Thought Leadership).

In the fast-evolving landscape of technology, my journey over the last five years in the startup realm dedicated to making India financially literate has been nothing short of transformative.

As the founder of Stock Tutor platform a mission-driven initiative, my commitment to providing valuable insights into the stock market with the right approach has been significantly enhanced and challenged by the relentless march of digital and tech advancements.

The Digital Revolution:

The advent of digital technology has been a game-changer for our startup’s mission. Five years ago, our approach to financial literacy was primarily reliant on traditional methods like in-person workshops and printed resources.

However, the digital wave has reshaped our strategies, enabling us to reach a broader audience more effectively.

1. Online Learning Platforms:

The rise of online learning platforms has allowed us to extend our reach beyond geographical constraints. With a plethora of reliable resources available at our fingertips, we’ve been able to create comprehensive and interactive courses on the stock market.

This shift has democratized financial education, making it accessible to anyone with an internet connection.

2. Data Analytics for Personalized Learning:

Tech-driven data analytics has empowered us to provide a personalized learning experience. By analyzing user interactions with our platform, we can tailor content to individual needs, ensuring that each learner receives information at their pace.

This has significantly improved engagement and retention rates among our audience.

Overcoming Challenges:

While the digital transformation has brought about numerous benefits, it has not been without its challenges.

The pace at which technology evolves demands constant adaptation, and staying ahead of the curve has been a continuous endeavor.

1. Cybersecurity Concerns:

As we transitioned into a digital-first model, cybersecurity became a paramount concern. Handling sensitive financial information requires robust security measures to protect our users. Implementing and maintaining state-of-the-art cybersecurity protocols has been an ongoing challenge, demanding constant vigilance and investment.

2. Tech Skill Gap:

The rapid evolution of technology has highlighted the need for a workforce equipped with relevant tech skills. Bridging the gap between traditional financial expertise and digital acumen has been an ongoing challenge.

Investing in training programs for our team has been crucial to staying competitive in a tech-driven landscape.

Leveraging Thought Leadership:

In the pursuit of our mission, establishing thought leadership has been instrumental. By staying at the forefront of industry trends and technological advancements, we have positioned ourselves as pioneers in the intersection of financial literacy and technology.

1. Educational Technology Partnerships:

Collaborating with educational technology companies has been a strategic move. Partnering with tech innovators has allowed us to integrate cutting-edge tools into our platform, enriching the learning experience for our users.

These partnerships have also enhanced our credibility in the industry.

2. Content Innovation:

Embracing technology has opened up avenues for innovative content delivery. From virtual reality simulations of stock market scenarios to gamified learning modules, we have explored diverse ways to make financial education engaging and effective. This commitment to innovation has set us apart as thought leaders in the space.

The Future of Financial Literacy:

Looking ahead, the digital and tech journey in the financial literacy space promises even more exciting possibilities. Emerging technologies such as blockchain, artificial intelligence, and augmented reality hold the potential to revolutionize how we educate and empower individuals in the realm of finance.

1. Blockchain for Transparent Transactions:

Exploring blockchain technology can bring transparency to financial transactions.

By incorporating blockchain into our curriculum, we aim to educate users on the decentralized and secure nature of this technology, fostering trust in financial systems.

2. AI-Powered Financial Advisory:

Harnessing the power of artificial intelligence for personalized financial advisory services is on our roadmap. Integrating AI algorithms can provide tailored investment recommendations based on individual risk profiles, making financial decision-making more informed and accessible.

In conclusion, the digital and tech journey has been instrumental in reshaping our startup’s mission to make India financially literate.

The advantages of online platforms, personalized learning, and thought leadership have propelled us forward, overcoming challenges such as cybersecurity concerns and the tech skill gap.

As we look to the future, embracing emerging technologies will further enhance our ability to empower individuals with the knowledge and skills needed to navigate the complexities of the stock market and financial landscape.

Most searched questions

What is Stock Tutor?

What are stocks?

Most searched queries

Stock market

Financial literacy

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Med/Health Tech

Micro-Robots – Macro Advances: The R-evolution of Precision Medicine ⚕🌞

Medicine

Written by Marcus Parade on Digilah (Tech Thought Leadership).

Imagine a world where tiny robots navigate our bodies, fighting diseases and fixing problems at a cellular level. Sounds like science fiction, right? Well, hold onto your hats 🎓👒, because this is a rapidly becoming science fact!

Welcome to the fascinating world of precision medicine and nanorobots.

First off, what’s precision medicine? It’s like having a tailor-made suit, but for your health. Traditional medicine takes a one-size-fits-all 💊 approach, but precision medicine is all about personalization.

It considers your genetic makeup, environment, and lifestyle to provide treatments that are just right for you.

Now, enter the nanorobots. These microscopic marvels, often smaller than a human hair, are set to transform our medicine.

Think of them as tiny doctors 👨⚕️👩⚕️ travelling through your bloodstream, delivering drugs precisely where they’re needed, targeting tumors, or even repairing damaged tissues.

It’s like having a mini medical team inside you, working round the clock!

💡 Let’s dive into some mind-blowing research. Scientists are already making headway with these mini miracles. For instance, researchers have developed nanobots that can identify and isolate cancer cells much more efficiently than traditional methods! 

These bots are like skilled snipers, taking out the bad guys without harming the innocent bystander cells.

And it’s not just about tackling the big C (cancer, that is). Nanorobots could play a crucial role in managing chronic diseases like diabetes, by continuously monitoring blood sugar levels and releasing insulin as needed. 

Imagine saying goodbye to constant finger pricking and injections! 💉

But wait, there’s more! These nanorobots aren’t just about treating diseases; they’re also about prevention! With their ability to monitor your health at a microscopic level, they can detect potential health issues before they become serious problems.

It’s like having a crystal ball for your health! 🔮

Now, I give you some examples: Imagine a nanobot that’s like a tiny plumber, unclogging your arteries to prevent heart attacks. Or think of them as microscopic gardeners 🌻, pruning away the bad cells and nurturing the good ones. 

The possibilities are endless and quite inspiring to think about!

Of course, with great power comes great responsibility. The ethical implications and safety concerns of having these tiny robots in our bodies are topics of hot debate. 

💚✅But one thing’s for sure, the future of medicine with these nanoscopic helpers is bright and incredibly exciting.

So, there you have it – a peek into our future where nanorobots team up with precision medicine to keep us healthy. It’s not just about curing diseases anymore; it’s about enhancing our lives, one tiny robot at a time.

Stay tuned, because the future of healthcare is also looking incredibly small – and that’s a big deal!

Please share your thoughts, experiences, place a Like or even share this article if my article was somewhat inspiring to you 🌞 to Marcus Parade, who is the international sales manager at Messe Frankfurt GmbH

References

https://pubmed.ncbi.nlm.nih.gov/36377485/

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9584632/#:~:text=,as%20nanomedicine%2C%20and%20environmental%20monitoring

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9146405/#:~:text=,1

https://onlinelibrary.wiley.com/doi/10.1002/advs.202002203#:~:text=,1%20Introduction

Most searched questions

How does Nano technology can be used to prevent or cure diseases?

What is precision medicine?

Most searched queries

Nano robots

Precision medicine

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Digi Tech Decision Making Tech

How Digital Platforms are disrupting Businesses

Written by Raghu Kaimal on Digilah (Tech Thought Leadership).

The History of Digital Platforms and how it evolved to become what we see now:

The concept of digital platforms as we know them today has undergone a significant evolution over the past few decades. In the 1990s, the internet gave birth to basic digital platforms such as email. However, it is limited in scope and functionality.

With the rise of e-commerce, online marketplaces like eBay emerged, allowing individuals to buy and sell goods online. This marked the first step towards connecting buyers and sellers on a digital platform.

Then came the Social Media Boom, early 2000s witnessed the rise of social media platforms, with MySpace started in 2003. Later, Facebook started in 2004 becoming pioneers in this space. Social media platforms fundamentally changed the way people interacted and shared information online.

The early platforms were focusing on the B2C customers but later we saw many B2B platform flourishing like AWS, Microsoft and so on later part of 2010.

The introduction of mobile app stores, such as Apple’s App Store and Google Play in 2008, transformed how software was distributed and consumed. App stores enabled the creation of a vast ecosystem of mobile applications, further expanding the digital platform landscape.

Companies like Airbnb and Uber disrupted traditional industries by creating digital platforms that allowed individuals to share resources like accommodations and rides in new ways.

The Cloud and SaaS Platforms: Cloud computing platforms, like Amazon Web Services (AWS) and Microsoft Azure, revolutionized the way businesses access and use computing resources. Software as a Service (SaaS) platforms, such as Salesforce and Google Workspace, provided cloud-based software solutions, changing the software delivery model.

How Digital Platforms transformed various Industries:

Digital platforms have had a profound impact on a wide range of industries.

Retail and E-Commerce: Amazon is a prime example of how digital platforms have revolutionized online shopping. It created a vast online marketplace, streamlined supply chains, and personalized the shopping experience.

Social Networking and Communication: Facebook and Instagram have reshaped how people connect, communicate, and share information globally. They’ve also become advertising platforms, transforming the marketing industry.

Hospitality and Travel: Airbnb disrupted the traditional hotel industry by enabling individuals to rent their homes to travelers. This innovative platform changed the way people find accommodations when traveling.

Transportation: Uber and Lyft transformed the transportation industry by providing on-demand ridesharing services. These platforms offered convenience and cost-effectiveness, challenging traditional taxi services.

Entertainment and Media: Netflix is an example of a digital platform that reshaped the entertainment industry. It introduced streaming services, changing how people consume content and impacting traditional cable and broadcast TV.

Finance and Fintech: Digital platforms like PayPal and Square have made online payments and financial transactions easier. Additionally, fintech platforms like Robinhood and Coinbase have democratized investing in stocks and cryptocurrencies.

How Ecosystems Drive Platform Growth and Innovation:

Platform ecosystems are intricate networks of interconnected products, services, and technologies built around a central platform. These ecosystems thrive on collaboration, with various players – individuals, businesses, and developers – creating value for one another and, in turn, for the platform itself.

The significance of platform ecosystems lies in their ability to foster growth, innovation, and sustainability in the digital age.

Network Effects: Ecosystems capitalize on network effects, where the value of the platform increases as more users, developers, and complementary services join.

For example, a larger user base on a social media platform like Facebook attracts more content creators and advertisers, creating a self-reinforcing cycle of growth.

Diverse Services: Ecosystems allow a diverse range of third-party services and apps to integrate with the platform. This diversity expands the platform’s utility and attracts a wider user base.

Consider the Apple App Store, where developers create apps that enhance the functionality of Apple devices, leading to the platform’s growth.

Innovation: Ecosystems foster innovation as third-party developers create new features and functionalities for the platform. These innovations can address user needs that the platform’s parent company may not have anticipated.

For instance, the Android ecosystem benefits from the innovations of app developers who continually expand the capabilities of Android devices.

Monetization: Ecosystems provide revenue opportunities for platform owners and third-party developers. Companies can charge for platform access, take a share of transactions, or offer in-app purchases.

This monetization encourages more stakeholders to participate, further driving growth.

Data Synergy: Ecosystems leverage data synergy, with various components of the ecosystem contributing to data collection and analysis.

This data sharing and utilization enables more precise targeting, personalization, and insights, improving the overall user experience.

Data Utilization on Digital Platforms and its concerns

Data is at the heart of platform revelation. Digital platforms, in their various forms, rely on vast amounts of data to function efficiently, provide personalized experiences, and create value.

The collection, utilization, and analysis of data have become integral to the success of these platforms, shaping their operations, and influencing decisions.

Here’s an exploration of the role of data in platform revelation:

Personalization: User data allows platforms to offer personalized content, recommendations, and advertisements, enhancing user experiences.

Analytics: Data analytics provide insights into user behavior, trends, and performance metrics, helping platforms optimize their services.

Monetization: Platforms often monetize user data by selling it to advertisers or using it for targeted advertising.

Privacy Concerns: Collecting and utilizing user data raises privacy issues. Users may be unaware of the extent of data collection or how their data is used.

Data Security: Data breaches and cyberattacks can expose sensitive user information, leading to security and identity theft risks.

Data Ownership: Determining who owns user data and how it can be used is a contentious issue. Users, platforms, and third parties may have different interests.

Algorithmic Bias: Data-driven platforms can inadvertently perpetuate bias if algorithms are trained on biased data, resulting in unfair outcomes.

Regulatory Compliance: Data usage is subject to evolving laws and regulations, such as GDPR in Europe and CCPA in California. Platforms must comply with these rules.

Future Trends and Developments in Digital Platforms

The digital platform landscape is poised for significant evolution in the coming decade. Several key trends and emerging technologies will shape the future of these platforms and how they influence various industries and aspects of our lives.

GenAI Supporting the Sales and Marketing function:  GenAI helps create content in text, audio, video formats, Customer service automation, Sales enhancement though co-pilot which will help buys with rich content and sales support.

AI-Driven Recommendations: Artificial intelligence and machine learning will continue to power highly personalized content, product recommendations, and user experiences.

Context-Aware Platforms: Platforms will increasingly consider the user’s context, location, and preferences to deliver contextually relevant content and services.

AR and VR Integration: Digital platforms will integrate augmented and virtual reality technologies to offer immersive experiences for gaming, shopping, education, and more.

Social VR: Social media platforms may expand into the metaverse, enabling users to interact in virtual spaces.

Edge Computing: Edge computing will enhance platform responsiveness and support real-time processing for applications like autonomous vehicles and IoT.

Green Computing: Platforms will emphasize eco-friendly practices and data center sustainability to reduce their carbon footprint.

Sustainability Reporting: Users will demand greater transparency regarding a platform’s environmental impact.

The Importance of Platform Revelation in the Digital Era

In the digital age, understanding and appreciating the concept of platform revelation is more crucial than ever. It is the key to unlocking the profound impact that digital platforms have on our lives, economies, and societies. Recognizing the significance of platform revelation is not just a matter of staying informed; it’s a means to actively engage with the rapidly evolving landscape of digital platforms.

Here’s why it matters:

Empowerment Through Knowledge: Understanding how digital platforms work empowers individuals to make informed choices.

It allows users to protect their data privacy, control their online presence, and maximize the benefits these platforms offer.

Economic Transformation: Digital platforms are reshaping industries, creating new economic opportunities, and altering the nature of work.

For entrepreneurs and businesses, platform revelation is essential for staying competitive and adapting to changing market dynamics.

Societal Impact: Social media platforms influence public discourse, while e-commerce and service platforms impact how we consume and interact.

Recognizing the power of platforms enables citizens to engage thoughtfully in societal discussions and debates.

Ethical Considerations: As digital platforms collect data, influence opinions, and shape our online experiences, understanding their ethical implications is paramount.

It enables us to advocate for responsible platform practices and hold companies accountable.

Future Readiness: The digital platform landscape is dynamic and continually evolving.

Staying informed about trends, innovations, and challenges prepares individuals and organizations for what lies ahead.

Most searched questions

What is impact of digitalization on businesses?

What is green computing?

Most searched queries

SaaS(Software as a Service)

Augmented reality

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Fin Tech

Tech to help investors make the right decisions

investments

Written by Danielle Teboul on Digilah (Tech Thought Leadership).

Technology has become so integrated in our day to day lives, I believe it has totally changed the way I do business. Not only this, but it has also helped my clients in gaining more knowledge and confidence in what they are investing in.

This in turn, has helped me in my business, as I believe that knowledge is key to success. I am a Personal Wealth Manager who specializes in bespoke financial planning for clients in Singapore, blending personal and professional financial advice with all-important tax planning.

I wanted to share with everyone that platforms and tools I currently use to help my clients, plus some tools that the everyday investor can use to successfully plan, visualize and research your investments and finances.

FE Analytics

This online platform is a complete game-changer for me. FE Analytics is more worthwhile for financial planners, investment analysts and others in the finance space.

The subscription fee is quite substantial, but it is an invaluable tool. I use it to create portfolios for clients, review and project investments and compare their current portfolios with bespoke ones I have created for them.

What I love about this platform is that it will gather global data, from companies like Bloomberg, Yahoo Finance and others of the sort, to compare key investment data points. To name a few such as performance vs. benchmark, volatility, risk and even ESG rating.

Volatility and risk are an excellent thing to show to clients, as they can clearly see how erratic their investments are in comparison to their performance.

In today’s ever-changing world, many of my clients are become more conscientious and circular economy-focused, so being able to show an ESG rating adds value to them.

Even though an average investor may not have access to this platform, it is important to know that every legitimate investment will have a code, which can and should be easily found on websites, such as Yahoo Finance.

So that clients can clearly see the funds’ performance, fees and charges, and have full transparency in information of the investment. If you cannot find this number, or there is no information online about your investment, this could be a red flag.

OPAL Fintech

OPAL is one digital business account for your business and financial needs.

I really enjoy using this platform because it is a perfect visualization of a person’s goals, dreams, aspirations and current situation.

All I have to do is input a client’s cash flow, assets, debt, and then discuss with them their financial goals. This may be plans for retirement, saving for a property, planning for a child’s education, or even leaving a lumpsum for their family when they pass on.

The OPAL algorithm will assess their current situation, factor is real-life data, such as inflation, and project how likely it is for that goal to happen.

Then, it can be tweaked and adjusted, showing multiple scenarios depending on how much the client is setting aside into investments.

I often feel like, because financial planning is very numbers-heavy, people can find it difficult to visualize their goals clearly. I don’t have that issue with OPAL, because the graphics and projections perfectly paint the picture for the client.

Budgeting Platforms

But what if you do not have access to these paid platforms?

 I would first off recommend tracking your cashflow on a monthly basis and being conscious of your assets vs. debts.

There are loads of budgeting apps that you can use. For example, DBS Online Banking has an interface that illustrates your monthly inflowing cash and outgoings.

If you’d like something a bit more in depth, so that you can go through these figures with a find-toothed comb, I recommend apps like Zenmoney, Monny or Spendee; all of these (and one’s similar) are free and user-friendly for the consumer.

Some will consolidate your spending habits into presentable data and graphics, others will incorporate some gamification in order to encourage you to hit your spending and saving goals.

There are many on the market in Singapore, and you just have to play around and find whatever works for you.

I prefer to use the DBS NAV Planner paired with an Excel spreadsheet, but others may prefer the other apps mentioned here.

Stock Screener

If you are investing in individual stocks, or if your portfolio comprises of equities, you can always use stock screeners to check key analytics like the market cap, yield and sector.

You can also delve further into the figures and statistics, like viewing the past 5 years performance and other metrics.

You can also check company announcements and financial statements, which is perfect for those investors that like to research in depth. For Singapore stock exchange, you can use https://investors.sgx.com/stock-screener.

General Learning & Boosting Your Knowledge

As I mentioned at the start of my article, knowledge is power.

If you don’t have a basic level of knowledge, this is quite often the blockade that is stopping you from investing, which means that your money is being eroded by inflation.

 You may be concerned of misinformation out there, but don’t worry, there are many great, informative platforms you can use to educate yourself.

The first is Investopedia, which is essentially a Wikipedia for all things money and investing. Here you can find simple to understand financial concepts, investment terms and even information on past historical events in the finance world.

The Balance is a great website that hosts a wide range of information, from which loans give the best rates, what stock market apps are easy to use, to how to discuss finances with your children.

This is really a font of knowledge and a go-to for anyone who just wants to get more clued up on finance. I would of course recommend keeping yourself up to date with news by checking out The Financial Times, Bloomberg and CNBC, as well as other credible finance media outlets.

In conclusion

In this world of technology, finance and investing have become accessible to the masses; what once seemed only for the super-savvy or wealthy, is now at the click of a button to almost everyone who owns a computer or smartphone.

This readily available information is not something we should shy away from; these are wonderful tools we can use to do our own due diligence and ensure that we are planning our finances and investments correctly.

Technology has pushed for a need for transparency in the finance sector, so what a better time to start investing! You have all the knowledge, resources, and tools to do so responsibly, and with some level of understanding.

However, for those that are not as savvy, or for those that have a full schedule, you may not have the time to commit to constant research. I don’t blame you- if it wasn’t my full-time job I probably wouldn’t either!

This is when you can lean on the advice of a professional, who will have all these tools at their disposal, with the added expertise and wisdom to help you navigate investing effectively in accordance with your risk tolerance and unique circumstances.

(Remember that if you are struggling to find information available online of an investment, to tread lightly, as a lack of transparency may also mean a lack of legitimacy.)

Most searched questions

What are stock screeners?

How helpful is using various technologies for investments and finance?

Most searched queries

Bloomberg

Investopedia

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AI Tech

Inspiring women everywhere to keep looking up

mentoring

Written by Kanchana Gupta on Digilah (Tech Thought Leadership).

I am Kanchana Gupta, and I play many roles in life. I’m a catalyst for transformation and change management in the corporate world, a multi-dimensional artist. 

Most recently, a digital and tech entrepreneur who is fervently championing higher gender diversity in the workplace through a powerful combination of technology, mentoring, networks, and sheer passion.

My own personal experience of access barriers to mentors and role models and a desire to create changes in this space, encouraged me to start of vLookUp. 

It is an independent global mentoring platform for women.

But how did this journey begin?

Over the years, I’ve observed the challenges women face in the professional sphere. Especially the opportunities to connect with leaders, mentors, and subject matter experts in their respective domains or industries.

This limitation hinders their ability to acquire crucial skills and knowledge, forge valuable connections that could propel their careers. Give women access to exciting new opportunities.

Determined to make a change in this space, I decided to create a digital mentoring platform that democratizes access to mentors. Also removes the conventional barriers to connections, skills, and opportunities such as organisations, school and college network, countries etc.

This vision led to the creation of vLookUp. It is a digital mentoring platform that helps women find suitable mentors across countries, organisations, areas of experience, and domains.

The platform bridges the gap between women who need insight, skills, and opportunities, and pro-diversity mentors and leaders who have the experience and the connections.

As a result, women receive never-before access and knowledge. Mentors and leaders make a tangible difference in a woman’s professional career and overall women talent in the workforce.

My journey as an entrepreneur, with a profound focus on women’s empowerment, has been driven by sheer passion.

Through technology, mentorship, online communities, networks, innovative resources and unwavering dedication, I aim to provide the support and tools necessary for women to thrive in their careers.

About vLookUp and its impact

The journey started with an idea and market research in December 2020, and for the subsequent seven months.

I collaborated closely with both a design team and a technical team to bring to life an automated, digital, AI-driven mentoring platform that was highly efficient and scalable. 

By July 2021, our vision became a reality. The official launch of the app then followed in July 2022.

In the span of two years, the tech platform has rapidly grown into a vibrant community encompassing 177 mentors and 400 mentees, representing 24 different countries and from nearly 300 organizations. 

At any given moment, it supports an impressive 100+ active mentoring engagements.

This dynamic community has collectively facilitated more than 3000 hours of mentoring interactions, and its impact has extended to offering numerous internship and job opportunities to its mentees.

The voluntary network of mentors on the platform is robust and committed to diversity. The technology operates seamlessly, and the experiences and initiatives the brand is fostering are forward-thinking and considerate of the future.

Today the tech platform has transcended its initial identity as an online mentorship platform for women. 

The platform isn’t just about making connections online. 

It’s taking a multi-faceted approach to empower women in the workplace, in educational institutions, and in organisations, serving multiple purposes:

      1. A destination for women in search of knowledge, opportunities, and personal growth.

      1. A resource for pro-diversity companies committed to empowering their female employees to thrive.

      1. A valuable resource for professionals looking to enhance their leadership skills and capabilities.

      1. A partner for organizations striving to make a meaningful societal impact by empowering girls and women to make informed choices in all aspects of their lives.

    We achieve all this by:

        • Leveraging technology: All of the above developments have been rooted from the word go in a strong technology platform and app. The tech platform is custom built from scratch to suit the highly specific needs of mentors and mentees. It incorporates smart algorithms and AI to suggest suitable mentors to mentees. Today the tech platform handles close to 200 mentoring engagements at any point, hosts abundant useful content, and has been the foundation for over 3,000 hours of mentoring.

          • Enabling real time mentoring digitally: A real time platform enables mentees to choose mentors at any point.

            • Empowering women: The platform empowers mentees to choose mentors as per their specific career stage and needs. They can also choose mentors for coaching/mental-wellness related discussions, based on specific needs.

              • Offering a safe space: Being an independent tech platform beyond all traditional barriers, the platform offers a safe space to mentors and mentees where they don’t have to think of organisational constraints.

                • Creating a springboard for students: Students and aspiring leaders, mainly in STEM subjects, are connected with corporate leaders to help them choose the right career path. This lays the foundation for success early in life and creates a strong pipeline of knowledge workers and leaders for the nation.

                  • Developing leadership: Women receiving skills and knowledge are not the only benefactors. The platform also develops passionate mentors and leaders with deep industry experience and a commitment to gender diversity. It empowers them to make a structured contribution to helping women learn and grow – an opportunity they might not easily find in their current schedule and environment. 

                    • Collaborating with organizations: The platform enables organizations to create and scale up bespoke mentoring programmes not only for their women leaders but also mentoring as a tool to develop women talent pool. It has moved beyond just a tech platform by providing mentoring support to educational institutions, thus unlocking greater socio-economic impact.

                  In this space, the brand’s teamed up with Dell Technologies and Nanyang Polytechnic for their ‘Girls in Tech’ mentoring program. 

                  With Olay and Mindtree Consulting for their STEM mentoring program in India. 

                  With Republic Polytechnic, to provide mentoring to their students.

                  These programs have created access to leaders and internship opportunities for many students in STEM. 

                  Our mentors are also working with women at the Unioleo factory in the far corners of Indonesia, to support their needs.

                  Conclusion

                  Through vLookUp and its copyright technology I am trying to do my bit to address a deep-rooted problem that companies alone cannot address. 

                  It’s been quite a journey, especially for someone like me with no prior technology background. I am proud to have developed a digital platform from scratch. Drive its adoption, and see it succeed and gain credibility in such a short span of time.

                  To learn more about vLookup, watch below

                  Most searched questions

                  What is vLookUp?

                  What is digital mentoring?

                  Most searched queries

                  vLookUp

                  Consulting

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                  Categories
                  Mar Tech

                  Transforming the marketing function with technology

                  Written by Rena Tan on Digilah (Tech Thought Leadership)

                  The world of work has undergone a remarkable transformation in recent years, driven by the relentless march of digital and technological advancements. 

                  In the Marketing and Communications field, we have seen how the adoption of technological and digital tools have similarly caused a seismic shift in the way we work.

                  Our marketing and digital tech stack now cuts across various marketing and communications disciplines, ranging from content development, SEO, lead generation, media monitoring and database, inbound marketing, right through to project management and customer experience.

                  This article will highlight some of these game-changing tools that have completely enabled me and my team at Randstad Singapore to work better – and more efficiently.

                  Engaging and qualifying prospects with conversational AI chatbots

                  The digital revolution has upended traditional work paradigms, and this transformation has been particularly pronounced in my line of work.

                  One of the most significant changes has been the way businesses interact with their customers. With the advent of chatbots like Drift, our company’s website has become more than just a static online presence.

                  Drift, a sophisticated AI-powered chatbot, allows us to engage with website visitors in real-time, delivering personalised experiences, answering queries, and providing assistance 24/7. 

                  With the ability to deploy various playbooks based on web visitors behaviours and personas, our AI chatbot can speed up sales cycles by engaging prospects with valuable, real-time conversations that lead to opportunities.

                  This has not only improved customer satisfaction but has also generated leads and conversions that were previously untapped.

                  With A/B testing, we were able to find out that almost 50% of our web visitors (potential customers) prefer to chat with the bot than fill up a query form, which led to us dropping all query forms from our website.

                  This significantly improves user engagement and experience – which in turn resulted in more visitors converting to actual marketing and sales qualified leads.

                  Bridging the gap between sales and marketing

                  Another area where technology has revolutionised my work is email marketing. One of the main gripes marketing leaders have with their sales teams is the lack of follow ups for the leads that have been handed over from Marketing to Sales.

                  The introduction of AI-assisted email marketing tools, such as 6sense, has been truly pivotal in bridging this gap between sales and marketing. It brings lead conversion to a whole new level.

                  6sense AI assistant is programmed to understand intent, which allows it to determine if a lead has expressed interest and choose the right responses. 

                  Depending on how the campaign playbooks are being deployed, this email bot can understand specific customer requests, personalise email responses and follow ups, and engage with leads automatically.

                  It helps marketers like me automate conversations with leads and lead nurturing, converting them into sales meetings, and ensuring that no potential customer falls through the cracks.

                  Every single lead is being followed up on, and handed off to the sales guys once the intent matches the objectives we have set for the bot (e.g book a meeting).

                  The sales guys are now getting super-hot leads that have already been nurtured and qualified by the bot, which means they can now move in and take over clients who are ready to meet or buy.

                  The result has been a significant increase in conversion rates and revenue, improved customer experience, and a more streamlined email marketing process – cutting down the time the sales guys have to spend on call calling and lead chasing. 

                  In addition, the sales guys can now spend more time delivering better and more personalised services to leads that are worth their time.

                  Effortless content creation with Jasper

                  Content creation is a crucial aspect of me and my team’s work, and here too, technology has made a significant impact. Jasper, an AI-powered content writing tool, has been instrumental in simplifying the content creation process. 

                  It can generate high-quality and optimised articles, blog posts, and reports with remarkable speed and accuracy.

                  Besides articles and blogs, my team also uses Jasper to craft responses for Google reviews, generate headlines for Google or LinkedIn ads, suggest video captions for Youtube and Tiktok, write press releases, summarise email content into persuasive bullet points, generate landing page content and create polls, just to name a few.

                  While we still provide the creative input and direction, Jasper takes care of the heavy lifting, saving us valuable time and energy in the creation of content and other relevant assets.

                  The quality of the content produced by Jasper is so impressive that it has become an indispensable tool in our arsenal.

                  SEO optimization made easy with Frase.io

                  Effective SEO (Search Engine Optimization) is vital for ensuring our online content reaches a wider audience, more so in this answer-driven economy. Frase.io is a next-gen content and SEO optimisation tool powered by AI, and claims to be the fastest and easiest way to create content that ranks on Google.

                  This tool not only helps us to generate content that incorporates facts and background research from the top search results of any query, it also provides keyword suggestions, analyses competitor content and offers recommendations for optimising our content to rank higher in search engine results. 

                  Definitely a real time and life-saver!

                  Growing share of voice with Telum Media

                  In the ever-evolving landscape of public relations and media outreach, staying connected with journalists, influencers, and media professionals is paramount for building brand awareness and share of voice. 

                  This is where Telum Media, a cutting-edge media intelligence platform, has made a significant impact on our communications work. 

                  Telum Media is the most comprehensive, earned-media database in the Asia Pacific region – a live platform connecting PR and communications professionals with media contacts across the globe.

                  This online media platform provides real-time updates and alerts, allowing us to track media mentions, industry developments, media requests, editorial opportunities and journalist movements. 

                  Its user-friendly interface enables us to craft personalised pitches and communications tailored to the interests and preferences of specific media contacts and journalists.

                  This level of customisation not only increases the likelihood of securing media coverage but also fosters stronger relationships with journalists and influencers who appreciate relevant and thoughtful outreach.

                  Using this tool has empowered our team with timely insights, ensuring we are always in the know and allowing us to capitalise on relevant news and opportunities to enhance our media outreach strategies and grow our share of voice.

                  Challenges in Embracing Digital and Tech Tools

                  While the benefits of adopting digital and tech tools in the workplace are undeniable, there are also challenges that come with their implementation and use. Some of the common challenges include:

                  Learning Curve: Many digital and tech tools require a learning curve, and employees may initially find it challenging to adapt to new software or platforms. 

                  Training and support are essential to help employees overcome this hurdle.

                  Integration: Integrating various tools and ensuring they work seamlessly together can be complex. 

                  Compatibility issues and data synchronisation problems can arise, leading to inefficiencies.

                  Data Security: With the increasing use of digital and SAAS tools, data security is a paramount concern. 

                  Protecting sensitive information from cyber threats and breaches requires constant vigilance and investment in cybersecurity measures.

                  Costs: Implementing and maintaining digital and tech solutions can be expensive. 

                  Companies need to carefully assess the return on investment and budget accordingly.

                  Human Resistance: Some employees may resist the adoption of technology due to fear of job displacement or concerns about their job security. 

                  Overcoming this resistance requires effective communication and reassurance.

                  Conclusion: The Power of Integration

                  In conclusion, my journey with digital and tech tools over the past five years has been nothing short of transformative.

                  These tools, including Drift, 6sense, Jasper, Frase.io and Telum Media, have not only accelerated our work, but also significantly improved its quality and efficiency.

                  These tools have enabled us to connect with prospects, clients and talent, automate marketing processes, create content effortlessly, and optimise SEO strategies. 

                  However, it’s crucial to acknowledge and address the challenges that come with embracing these tools.

                  The learning curve, integration complexities, data security concerns, costs, and human resistance are all valid issues that need to be considered and tackled proactively.

                  As leaders in our respective fields, we must recognize that the integration of technology with work processes is not a choice but a necessity in today’s fast-paced digital world.

                  It’s imperative to invest in the right tools and provide the necessary training and support to our teams.

                  Embracing digital and tech solutions can significantly improve efficiencies and productivity, ultimately driving greater performance in our ever-evolving work environments. 

                  By doing so, we position ourselves and our organizations for continued growth and success in the digital age.

                  The future belongs to those who are willing to adapt and harness the power of technology to work smarter and better.

                  “What new technology does is create new opportunities to do a job that customers want done.” – Tim O’Reilly

                  Most asked questions

                  How AI can be used in improving marketing?

                  What is integrated marketing communications?

                  Most asked queries

                  Email marketing?

                  Jasper

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                  Categories
                  Edu Tech

                  Transforming Education through Tangible STEM Projects: The Story of Magicbit

                  education

                  Written by Migara Amithodhana on Digilah (Tech Thought Leadership).

                  Background

                  In the midst of Industry 4.0, technology has seamlessly integrated into every facet of our lives, reshaping our world at a rapid pace. Buzzwords like AI (Artificial Intelligence), IoT (Internet of Things), Cloud computing, AR (Augmented Reality), and VR (Virtual Reality) dominate conversations. 

                  The job landscape has undergone a tectonic shift, with roles that were unheard of in the early 2000s now in high demand.

                  This digital transformation has created an urgent need for “future-ready” skills in the upcoming workforce. Surprisingly, while technology takes center stage, the most sought-after skills for the future are not those associated with these cutting-edge technologies, but rather, skills such as innovation, critical thinking, and creativity. 

                  Developing technology innovation skills is paramount to preparing the next generation for an ever-evolving industry.

                  Problem & Solution

                  In today’s tech-dominated world, there’s a growing concern regarding the adverse impact of technology on children. Parents worldwide worry about issues like mobile phone addiction, excessive computer gaming, and technology dependency.

                  Numerous studies have illuminated the psychological issues stemming from technology overuse, with children aged 8-18 spending a staggering 6-9 hours a day on screens. This is where STEM education emerges as an innovative solution to enhance children’s innovation and creativity skills.

                  STEM, an acronym for Science, Technology, Engineering, and Mathematics, and STEAM when incorporating the Arts, is being adopted by educational systems in approximately 96 countries worldwide. STEM education introduces hands-on, experiential learning to teach these subjects effectively.

                  Combining STEM education with technology innovation is a focal point in many nations to nurture the future-ready skills of the next generation. Areas such as coding, robotics, AI, IoT, and electronics are being actively promoted among children.

                  Why Magicbit for STEM Innovations?

                  In 2019, against this backdrop, Magicbit was born. It was founded by Anuruddha Tennakoon, Migara Amithdhana, and Akalanka De Silva, three preprofessional engineers with over a decade of industry experience, who shared a passion for making technology innovation accessible to everyone.

                  Magicbit’s core mission is to create the next generation of problem solvers and change-makers.

                  Products and Services

                  Magicbit’s flagship product is the hexagonal-shaped Magicbit development board, which can be programmed to foster innovation in coding, robotics, IoT, and electronics. The product includes a hardware kit bundled with software and lessons, offering three main versions: Learner, Explorer, and Master.

                  Each kit differs in hardware features, with the Master kit said to have the most extensive range of activities and additional plug-and-play sensor modules compared to the Explorer kit.

                  Magicbit’s comprehensive lesson series, accessible via subscription, covers each of these areas with step-by-step guidance.

                  Unique Value Proposition

                  Magicbit products stand out with their plug-and-play modules and pre-loaded code, allowing users to see examples even before coding. This eliminates the need for soldering, wires, and breadboards, making innovation more accessible.

                  The feature-rich hardware provides versatility for various projects. Magicbit supports different coding options, from Scratch for young learners using block programming to Arduino and Python for beginners and seasoned innovators.

                  The platform even extends to the .NET Nano framework and magicblocks.io, a cloud-based IoT platform developed by the team. This versatility caters to learners of all levels and simplifies the teaching process for educational institutions.

                  Key Milestones

                  Magicbit made its debut as a crowdfunding project on Kickstarter, astonishingly getting funded within the first 4 hours and garnering a massive global response.

                  As of 2023, Magicbit boasts a user community spread across 40 countries worldwide, validating its universal appeal and functionality. 

                  The platform is also accredited by STEM.org in the USA as a certified STEM education product. In 2022, Magicbit was recognized as the best startup in Sri Lanka, earning a national award.

                   

                  Next Steps

                  Education is continually evolving in tandem with technology, and Magicbit remains committed to integrating the best technologies into its innovation ecosystem. Plans are underway to integrate Artificial Intelligence (AI) into the platform.

                  The Magicbit team is also developing a Python-based robotics farm that can be remotely accessed from anywhere in the world, marking another stride toward accessibility and convenience.

                  Founder’s View and the Path Forward

                  As a founder, I am, driven by the desire to empower the next generation, not just as a social entrepreneur but also as a father of two. 

                  I believe in passing on the best knowledge to the next generation, addressing the accessibility gap that hampers technology adoption for a significant portion of the world’s population, including 1.3 billion children worldwide.

                  Given the pressing global issues of climate change, poverty, economic disparities, pollution, and energy crises, innovation is the key to survival while safeguarding the planet.

                  I believe that empowering future change-makers to find solutions to these real-world problems is crucial. This path, I envision, will lead to more effective solutions to achieve sustainability development goals (SDGs).

                  Hailing from a developing country like Sri Lanka and creating world-class products has been a challenging journey.

                  However, I firmly believe that this story can serve as an inspiration to all children and young entrepreneurs, demonstrating that we live in an era of limitless possibilities in our global village.

                  Innovation is the way forward, and the world needs smart farmers, doctors, lawyers, teachers, and more. It’s time for a paradigm shift in the traditional education system, embracing a modern, innovative approach.

                  Most searched questions

                  What is Magicbit?

                  How does Magicbit helps in transforming education?

                  Most searched queries

                  Magicbit

                  IoT (Internet of Things)

                  Robotics

                  AI

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                  Categories
                  AI Tech

                  Do you believe that AI will eventually replace humans altogether?

                  AI will eventually replace humans altogether????

                  Written by : Shweta (SOHAM) R on Digilah (Tech Thought Leadership)

                  Let’s try to understand the term first:

                  💡What Is Artificial Intelligence?

                  Artificial Intelligence is a new and exciting field that is quickly gaining popularity. It is a method of making a computer, a computer-controlled robot, or a software think intelligently like the human mind. AI is accomplished by studying the patterns of the human brain and by analyzing the cognitive process. 

                  It can be considered a tool to assist us to rise above our circumstances.

                  Before getting threatened and believing in speculations take a moment and register this, AI is a replica we have created to make our lives better.

                  It is made of code not cells!

                  Having said that, we must strive for creative sense because it’s just the beginning, we have only touched the surface of what Artificial Intelligence can accomplish. Our thinking capabilities and problem solving abilities are endless.

                  💡The four A.I. types are:

                  🧩Reactive Machines

                  🧩Limited Memory

                  🧩Theory of Mind(Exits only in theory)

                  🧩Self Aware(Exits only in theory)

                  We are currently well past the first type and actively perfecting the second. At the moment, the third and fourth types exist only in theory. 

                  Most of the recent or past developments are data driven. I am looking forward to the theory of mind and self care developments because their AI will have to deal with thoughts and emotions.

                  How on earth a machine is going to handle that?? 

                  According to Forbes AI is expected to see an annual growth rate of 37.3% from 2023 to 2030. AI continues to revolutionize various industries, with an expected annual growth rate of 37.3% between 2023 and 2030, as reported by Grand View Research. This rapid growth emphasizes the increasing impact of AI technologies in the coming years.

                  A quarter of companies are adopting AI because of labor shortages as labor shortages become a pressing concern, 25% of companies are turning to AI adoption to address this issue, according to an IBM report. AI helps businesses optimize operations and compensate for the lack of human resources.

                  Software engineers and data engineers are being recruited for AI support

                  As AI becomes more integrated into businesses, there is a growing demand for AI support roles. In 2022, 39% of businesses reported hiring software engineers, and 35% hired data engineers for AI-related positions, according to a McKinsey report.

                  97% of business owners believe ChatGPT will help their business

                  According to Forbes Advisor, a staggering 97% of business owners believe that ChatGPT will benefit their businesses. One in three businesses plan to use ChatGPT to create website content, while 44% aim to generate content in multiple languages. More than half believe AI will improve written content. 

                  Over half of respondents, 54%, believe that AI can improve written content, suggesting that AI-driven solutions such as ChatGPT have the potential to enhance text quality, creativity and efficiency in various content creation contexts.

                  💡What can we do to adapt the process?

                  In the emergence of AI technology, we may need to accept and reassess ourselves. We will need to be equipped skills-wise and knowledge-wise on how to handle and prosper in a world that is continuously changing and improving as days move on.

                  Conclusively, I will say it is important to get the hang of AI but again try to acquire a balance while you are turning into a robot with AI advancements to keep your natural stupidity alive to be creative. YES, AI is the present, but will it be the future?!

                  That’s a question mark for me, I believe quantum computing will take over.

                  Most asked questions

                  What are the pros and cons of AI?

                   Can AI take over the world?

                   

                  Most searched queries

                  Generative AI 

                  Machine learning

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                  Categories
                  Web 3.0 Tech Law Tech

                  Pixels to Possibilities: Unravelling India’s Gaming Odyssey

                  Pixels to Possibilities-gaming

                  Written by : Ankita Sambyal on Digilah (Tech Thought Leadership

                  Who isn’t fond of video games? From teens to adults, isn’t it? Some play video games as a source of living or to relieve stress. 

                  The genesis of video games dates back to their early development when a human being used to interact with a massive video device and an analog remote to give commands to the machine to move a pixelated character. 

                  The earliest recorded U.S. video game patent dates back to 1948, known as the ‘Cathode-ray tube Amusement Device.’ Some of the earliest video game examples include the Nimrod Computer, a massive machine weighing over a ton, as well as Oxo (1952), Tennis for Two (1958), and Spacewar (1961). 

                  However, these early video games were not available for public purchase due to their immense size and high costs.

                  The evolution in video game technology has witnessed the progression from classic games like Mario to multiplayer gaming and now to the concept of metaverse gaming.

                   Ralph Baer, the Father of Video Games, played a significant role in advancing the Gaming Industry.

                  In 1967, he invented the prototype called the ‘T.V. Game Unit #1,’ followed by other inventions like the ‘Brown Box Light Gun’ and the ‘Pump Unit’ in 1967-68. In 1972, Baer introduced the Video Game Console named “Odyssey.” 

                  The Global gaming industry experienced substantial growth, with a valuation of USD 231.34 billion in 2022 and a projected value of USD 353.35 billion over the next five years. 

                  The year 2023 shows promising developments, including the introduction of generative AI support that simplifies gaming development and increased investments in the metaverse.

                  In contrast, the Indian gaming industry was valued at USD 2.8 billion in 2022 and is expected to reach USD 5.0 billion by 2025.

                  Considering the exponential growth of the gaming industry, it becomes crucial to establish and enforce regulations to protect the interests of players. 

                  These regulations should focus on promoting fair play, ensuring player safety, safeguarding minors, protecting intellectual property rights, and preserving the confidentiality of data and sensitive personal information of gamers.

                   Additionally, such regulations should consider the financial interests of both the gaming industry and the players.

                  “Most Parliamentarians don’t have a clue as regards the challenges or the opportunities the games industry faces” – David Puttnam

                  A videogame can be classified on the basis of mode: – 

                      1. Online Games

                      1. Offline Games. 

                    Further, Online and Offline Games can further be classified on the basis of interaction: – 

                        1. Game of Skill

                        1. Game of Chance.

                        1. A Mixture of Game of Skill and Chance.

                      On 6th April 2023, the Ministry of Electronics and Information Technology of India proposed Amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, which gives a comprehensive framework for Online Gaming Ecosystem, however, these amendments still fail to address the vital connotations of the Gaming Industry. 

                      Although, the endeavour has been made through implementing these Amendments to define and explain the terms like “Online Game” (Sec. 2(qa)), “Online Gaming Intermediary”(Sec. 2(qb)), and “Online Real Money Game” (Sec. 2(qd)), however, the definitions and explanations are not comprehensive enough, and there is still a significant gap in the interpretation of these terminologies to fit in the practicality of today’s gaming that we are witnessing in and around.

                      In 2020, the Federation of Indian Chambers of Commerce and Industry (FICCI) in partnering with Ernst & Young (EY), released a report stating that USD 817 million has been garnered by the Indian Online Gaming Industry, which involved real-money transactions which depicts that 71% of Indian players are involved with ‘Online Real Money Gaming’. 

                      Therefore, Regulators need to take a nuanced approach while defining online games and should consider different examples and illustrations to help clarify the distinction between games of skill and games of chance.

                          • In situations where monetary transactions are involved in an online game (skill-based or chance-based), it is crucial to adopt a risk-based approach and enforce mandatory KYC verifications for the players utilizing that platform. Additionally, the platform should implement restrictions on financial transactions based on spending limits to ensure responsible and controlled monetary involvement.

                          • The legislative amendment should provide clear and detailed explanation of fraudulent activities, that occur in the virtual realm, including services that hijack gaming accounts, theft of virtual identities, fraudulent manipulation of in-game items, cheating and hacking through the use of bots, deceptive game modification, Phony Game Currency Sellers, etc.

                          • The legislative amendment should provide detailed and clear distinction of gaming intermediaries and their roles involved in the virtual realm such as online gaming platforms, game developers, publishers, marketplaces etc. along with their roles and responsibilities such as hosting game servers, game distributors, facilitating communication among players, offering customer support etc.

                          • The gaming platforms must be legally obligated to provide clear and explicit information on their websites regarding the nature of the game mode in which the player is engaging, distinguishing it is primarily based on skill, chance or a combination of both. By doing so, they will ensure transparency, promote user awareness, and facilitate a fair gameplay environment in compliance with legal requirements.

                        “The people are pieces of software called avatars. They are the audio-visual bodies that people use to communicate with each other in the metaverse.” – Neal Stephenson

                        As we have transitioned from traditional gaming to more immersive and interactive experiences facilitated by VR Headsets, we may also witness the emergence of evolved forms of criminal activities in this virtual space. 

                        Some Countries like Hong Kong are policing the Metaverse to design ‘user safety’ and to educate the public about the potential dangers associated with Web 3.0 and the Metaverse. 

                        In conclusion, it is imperative for India, which is having a base of 421 million of online gamers and is likely to reach over 442 million by the end of 2023, needs to take a thorough revamp of its gaming regulations to encompass games such as Blockchain-based gaming, Metaverse Gaming. 

                        By proactively, embracing and regulating these advancements, can help protect consumers, prevent problems of gambling, and ensure a fair and level playing field for all participants that can help India to position itself as a leader in effectively overseeing the Gaming Industry. 

                        This strategic approach will ensure that India remains competitive and doesn’t lag behind in effectively policing the dynamic and evolving gaming landscape. 

                        Most asked questions

                        What is the current size of the gaming industry?

                        What are the job opportunities in the gaming industry?

                        Most searched queries

                        Fastest growing gaming company

                        Mobile gamers in India

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                        Categories
                        HR Tech Digi Tech

                        The technological and digital evolution of a remote business 

                        Written by Kiran Bhatia Tandon on Digilah (Tech Thought Leadership)

                        As the world becomes more connected and technology continues to advance, remote work has become increasingly popular among businesses. 

                        The demand for digital and technological tools has increased more than ever as a result of the COVID-19 pandemic, which forced many businesses to move to remote work. 

                        A remote company’s digital and technological journey can be both exciting and difficult. Companies have had to modify their strategies and tools to meet the demands of a distributed workforce as a result of technological advancements and the rise of remote work. 

                        The need for constant adaptation to new technologies and tools was one of the biggest obstacles the company faced on its digital and tech journey. They recognized that technology is constantly evolving, and they needed to be agile and adaptable in order to stay ahead of the curve. 

                        This meant investing in ongoing training and development for their employees to ensure that they had the skills and knowledge needed to work with the latest tools and technologies.

                        Here are some common strategies adopted by companies to manage a distributed workforce:

                        1. Use of collaboration tools

                        One of the most difficult aspects of managing a distributed workforce is ensuring effective communication and collaboration among team members who may work in different locations and time zones. 

                        To get around this problem, companies used a variety of strategies and tools to improve communication and collaboration, such as Zoom, Microsoft Teams, and Slack for video conferencing, instant messaging, and project management. 

                        2. Regular check-ins

                        Regular check-ins with remote employees can help to ensure that they are on track and that any issues are addressed in a timely manner. These can be done with the use of collaboration tools

                        3. Clearly defined goals and expectations

                        Clear goals and expectations can help remote employees stay focused and productive. These goals should be measurable and communicated effectively.  These can be defined using technology in a variety of ways. Here are a few examples: 

                        • Project management software: Project management software, such as Asana or Trello, clickup can be used to create tasks and assign them to team members. This allows for clear expectations and deadlines to be set, and progress to be tracked in real-time.

                        • Performance tracking tools: Performance tracking tools, such as OKRs or KPIs, can be used to set measurable goals and track progress towards achieving them. This provides a clear framework for employees to work toward specific outcomes.

                        • Communication tools: As stated above, tools, such as Slack or Microsoft Teams, can be used to facilitate regular check-ins and goal-setting conversations between managers and team members. This helps to ensure that goals and expectations are clearly understood and can be adjusted as needed.

                        • Learning management systems: Learning management systems, such as Udemy or Coursera for Business, can be used to provide employees with training and development opportunities that align with organizational goals and expectations.

                        4. Flexible work schedules

                        Companies can offer flexible work schedules to their remote employees to help them balance their work and personal lives.

                        5. Performance-based assessments

                        Performance-based assessments can help managers evaluate the productivity of remote employees and provide feedback to help them improve.

                        6. Regular team meetings

                        Regular team meetings can help remote employees feel connected to their team and can improve communication and collaboration.

                        7. Virtual team-building activities:

                        Virtual team-building activities such as online games and virtual happy hours using collaboration tools can help build a sense of camaraderie and boost morale among remote employees.

                        8. Training and development

                        Companies can provide training and development opportunities to help remote employees improve their skills and stay up-to-date with industry trends.

                        In addition to the above, companies had created well-defined policies and guidelines for remote work and provided employees with the necessary support and resources to ensure that they remained productive and engaged while working remotely.

                        Cybersecurity has become a top concern for remote companies, as remote workers often use their personal devices to access company data. To address this challenge, remote companies have had to implement robust cybersecurity measures, such as two-factor authentication, encryption, and virtual private networks (VPNs).

                        Companies need to be flexible and adaptable in their approach to managing a distributed workforce, and they should be willing to experiment with different strategies and tools to find what works best for their organization.

                        Overall, the company’s digital and tech journey is a critical part of their success as a remote company. By embracing technology and using it to their advantage, they will be able to overcome the challenges of remote work and build a thriving remote workplace that could compete with traditional brick-and-mortar companies. Their journey is a testament to the power of technology to transform businesses and create new opportunities for growth and success.

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                        Categories
                        Web 3.0 Tech

                        The evolution of NFT and Blockchain Use Cases

                        The evolution of NFT and Blockchain Use Cases

                        Written by Sallyann Della Casa on Digilah (Tech Thought Leadership)

                        Nfts have advanced significantly since 2021, when we first learned about them. Most people now consider the functionality of NFTs in addition to the artwork when thinking about them.  

                        The following utility benefits provided by the still widely used Bored Apes to their customers are what has maintained their price so high:

                            1. Bored Ape Yacht Club (BAYC) membership: Each Bored Ape NFT acts as a membership card for the BAYC, a group of NFT collectors who are all enthusiastic about the project. Members of the BAYC get special access to events, products, and other benefits.

                              1. Commercial licensing: The Bored Ape NFT owners have the right to monetize their digital assets, which includes using the characters’ visuals to make and sell items and to provide licenses for their use in other projects.

                                1. Members of the BAYC are eligible to vote on matters of governance that will have an impact on the project’s future. This implies that Bored Ape NFT owners can influence how the neighborhood develops and expands.

                                  1. Royalties: The owner of a Bored Ape NFT gets paid a portion of the sale price when the NFT is sold or exchanged on a secondary market. For the owners, this offers a steady stream of income.

                                    1. Social standing: Among NFT collectors, Bored Ape NFTs have come to represent rank and distinction. Each NFT’s rarity and distinctiveness can raise its value and desirability among collectors, elevating its social standing in the community.

                                  How you describe NFTs matters greatly for those of you who are still unfamiliar with the NFT notion. An NFT is just code that connects anything to blockchain, such as Javascript or C++. You could conceivably save your documents to the blockchain with a “dot NFT” just like you would when saving them in Word or Excel. 

                                  With that reasoning, the logical question is: Why use blockchain, and what money do you hope to save? 

                                  Definition is crucial here once more. Blockchain is the ideal notebook. Once something is printed on a page, it cannot be changed or removed. 

                                  Blockchain is now incredibly safe, unchangeable, and verifiable thanks to this. 

                                  Now combine the two, and let’s talk about a few recent, highly intriguing use cases of Blockchain and NFT technology: 

                                  Transforming the legal patent filing system

                                   In the field of protecting intellectual property (IP), IBM has explicitly filed patents relevant to patent filing on blockchain. These patents seek to improve the speed, security, and transparency of the patent application process using blockchain technology. Details are as follows:

                                      1. Streamlining the application process for patents: Inventors might submit their patent applications directly to the blockchain using IBM’s blockchain-based patent filing system, without the need for the usual intermediaries like patent attorneys and patent offices. This might speed up and reduce the cost of the application procedure.

                                        1. Increasing transparency: When a patent application is added to the blockchain, it becomes an unalterable record that is available to the public. Due to the complete transparency and ease of verification of the application’s history and its prosecution, this could assist in preventing conflicts and issues over the validity of patents.

                                          1. Increasing security: IBM’s blockchain-based patent filing system may offer more defense against the infringement and theft of intellectual property. In order to avoid illegal revisions and tampering, the system would be made to ensure that only authorized parties could access and amend the records of patent applications.

                                            1. Automating the administrative processes involved in managing patents, such as keeping track of licenses, renewals, and ownership, could likewise be done using IBM’s technology. For patent owners and inventors, this might save time and money.

                                          The overall goal of IBM’s blockchain-based patent filing system is to improve the efficiency, security, and transparency of the patent application and administration process. It may lessen conflicts over patent ownership, safeguard intellectual property rights, and streamline the administrative tasks involved in administering patents.

                                          Helping us reach net zero 

                                          Imagine your refrigerator and washing machine conversing with one another about which one is turning on and off to ensure controlled energy use. How NFTs and blockchain can assist us in reaching net zero is as follows:

                                              • NFTs can be utilized to create distinctive digital assets that serve as verifiable carbon offsets. These offsets can be purchased and traded on marketplaces built on the blockchain, enabling businesses and people to offset their carbon emissions and support green initiatives. Utilizing NFTs can improve the market for carbon offsets’ transparency and traceability, ensuring that offset projects are authentic and that emissions reductions are properly recorded.

                                                • Financial sustainability: Blockchain-based systems can be used to establish digital tokens that reflect sustainable assets, such as green bonds, sustainable agriculture, or renewable energy projects. Investors can promote and fund sustainable projects by trading these tokens on exchanges built on the blockchain. This might quicken the shift to a low-carbon economy.

                                                  • Transparency in the supply chain: Blockchain technology can offer traceability and transparency in supply chains, allowing businesses to monitor and confirm the sustainability of their goods and raw materials. This can verify that items fulfill sustainability requirements and help reduce their carbon footprint.

                                                    • Energy management: Blockchain technology can be used to establish decentralized energy markets, enabling people and companies to conduct direct exchanges of renewable energy. This can hasten the transition to a low-carbon energy system and improve the efficiency and dependability of renewable energy systems.

                                                  The application of NFTs with blockchain technology can open up new possibilities for carbon accounting, offsetting, and trading, as well as boost supply chain transparency and traceability and support sustainable finance. 

                                                  The objective of producing net zero emissions and reducing the effects of climate change may be achieved with the help of these developments.

                                                  Preserving Human Identity 

                                                  Life before and after ChatGPT vividly defines the era in which we currently live. 

                                                  If you haven’t been paying attention, new artificial intelligence capabilities are being produced every day at breakneck speeds. And if you aren’t already, you need to start questioning human identity and the purpose of humanity right away. 

                                                  In a time of automation, how do we capture and maintain human individuality and ingenuity? 

                                                  Your degree or birth certificate do not define your human identity or cleverness. We’re referring to the distinctive ways you reason and behave, frequently utilizing human abilities like imagination, discretion, and initiative. 

                                                  A psychometric, static profile or resume cannot adequately capture this dynamic reality. NFTs can capture all of this in a very simple way, allowing us to control our information and also use it to signal, like SEO, those we want to pay attention to. 

                                                  It is shaped by the interactions we have with others, the way we handle situations, the people we surround ourselves with, and the projects and ideas we take on.

                                                  This is part of the NFT technology-related work I’ve been looking forward to at my startup, Gleac with our tokenization of time on blockchain of the world’s leading experts in a project we call Lovely Humans. 

                                                  Tokenizing human time and wisdom is the process of developing one-of-a-kind digital assets that represent the labor and knowledge of certain people, such as consultants, coaches, or mentors. 

                                                  On the blockchain-based market place powered by our lovely humans, these assets can be traded, enabling people to monetise their knowledge and talents in the following ways: 

                                                      1. Making original digital assets NFTs can be used to produce one-of-a-kind digital assets that symbolize people’s labor and knowledge. These assets can be sold in markets built on the blockchain, enabling people to monetize their knowledge and talents.

                                                      1. Increasing transparency and trust: Blockchain technology can give transparency and traceability in the exchange of knowledge, ensuring that the knowledge being offered is reliable and authentic.

                                                        1. Cutting out intermediaries People may be able to directly trade their expertise with others via blockchain-based markets, eliminating the need for middlemen and improving the efficiency of the transaction.

                                                          1. presenting fresh possibilities In an era of AI and automation where traditional jobs are being disrupted, tokenizing human time and insight can offer people new chances to monetize their skills and expertise. 

                                                        By giving access to knowledge that would not have been previously available, it can also generate new chances for learning and personal development.

                                                        Tokenizing human time and wisdom is essential in an era of AI and automation because it can allow individuals to not only profit from their unique skills and knowledge but also time capsule it, which AI cannot easily replicate. 

                                                        Additionally, it can easily track the source of new inventions and intellectual property (IP) from experts, particularly as we move toward a blockchain-based patent filing system which is one of the core utilities of the lovely human NFT collections. 

                                                        Additionally, it can offer up new avenues for learning and personal growth, particularly in disciplines where knowledge availability may be limited. 

                                                        With the aid of blockchain technology and NFTs, human labor and knowledge can be tokenized efficiently and openly, assuring the validity and legality of knowledge transfer.

                                                        In conclusion, NFT and blockchain technology have the potential to transform the way we interact with digital assets and create a more transparent and decentralized world. Ultimately, these technologies have the potential to create a more equitable and inclusive world, where individuals have greater control over their digital assets and access to new forms of value creation.

                                                        I released the world’s first NFT collection tokenizing time and wisdom.

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                                                        Categories
                                                        Web 3.0 Tech Art Tech

                                                        NFTs: The Future of Art?

                                                        NFTs: The Future of Art?

                                                        Written by Science Centre Singapore on Digilah (Tech Thought Leadership)

                                                        Illustrations by Sung Jernin

                                                        At this point, everybody has heard of an NFT. Some have commended them to be the future of art, while others have been more conservative with their praise, believing NFTs to be a gimmick. 

                                                        Let’s take a look under the hood at how NFTs work and decide how viable they are as the artwork of the future or as digital assets.

                                                        NFT, meaning “non-fungible token”, refers to an online asset that is not interchangeable; like trading cards or precious artefacts in how they are individually irreplaceable.

                                                        NFTs seek to create the same kind of value in the digital space – digital items with their own unique identities. 

                                                        They have become a household term after exploding in popularity in 2017, with the craze being started by groups like CryptoPunks, a brand specialising in pixelated avatars. Their work has been traded for astonishing amounts – with Alien CryptoPunk #7523 infamously sold for 11.7 million USD. 

                                                        First, let’s try to understand how NFTs work and what makes them unique. NFTs utilise ‘blockchain’ – the same technology as cryptocurrencies. Think of blockchain as a digital ledger that records transactions. The term ‘block’ refers to individual stores of data, and the term ‘chain’ describes the way these different blocks are linked to form one cohesive network. 

                                                        When each data block in the network reaches its predefined storage limit, it is rendered totally immutable, and data begins to flow into the next block instead. 

                                                        This technology guarantees lasting security, because once a block is set, its contents are forever unchanged. In the case of NFTs, this technology is used to store an address on the web or another method of access. 

                                                        The blockchain itself does not store the image or video. A key that enables access to the site on the blockchain where the NFT address is stored is kept in the buyer’s digital wallet.

                                                        The appeal of NFTs is difficult to rationalise. It might be their novelty, the futuristic appeal of the blockchain itself, or their hype and celebrity. Their guarantee of uniqueness contributes to an image of absolute exclusivity. 

                                                        In addition, the security afforded by blockchain increases buyers’ impression that they have just acquired something irreplaceable, and they take pride in ownership of these digital artefacts. 

                                                        Like trading cards, some characteristics in NFTs are more sought after than others. In the CryptoPunks collection, there are some common characteristics and some which are much rarer, like alien skin; those with that characteristic are likely to go for hundreds of thousands of dollars, if not millions. 

                                                        These art pieces also act as status symbols. There are events and exclusive clubs/communities that only permit those who have ownership over specific NFTs. 

                                                        This desire for celebrity status is a central driving force behind the NFT rage – people seek to take part in a lifestyle they have not yet gotten to experience. 

                                                        The example of basketballer Stephen Curry, who spent 180,000 USD on Bored Ape #7990 and made a tweet showing off his new purchase and his acceptance into an exclusive discord server, highlighting the usage of NFTs as a status symbol. 

                                                        When high-profile people make these purchases, it beckons more people to enter the market and try their luck.

                                                        It seems clear to at least some degree that the explosive growth of cryptocurrency over the past few years, with Bitcoin and Ethereum becoming household names, has had a major effect on propelling NFTs to the global stage. 

                                                        The NFT market has also been boosted considerably by an irrational fear of missing out on “the next big thing”. Nowadays we all hear about prophets who made bulk purchases of Bitcoin around a decade ago when it was cheap and are now multi-millionaires; people feel they would be missing out on a trend of a similar calibre if they were to ignore the NFT market.  

                                                        Therefore, people are anxious to jump in as fast as possible, leading to questionable financial decisions. To some extent, the hype around NFTs is a self-propelling cycle, attracting more and more prospective buyers as it grows larger and more tempting.

                                                        There is also something to be said about NFTs being an inevitable offshoot of the transition from the physical to the digital that has taken place over the past two decades.

                                                        Think of the migration of the cinema experience to online streaming services, or the migration of media from discs to files on the cloud. It seems like a natural progression from tangible art to NFT.

                                                        The idea of keeping things physically and valuing the ability to touch and to feel seems antiquated.Of course, despite their inevitability with increasing focus on the digital space, NFTs have not been universally accepted.

                                                        For instance, game developers are against NFTs specifically because the focus of NFTs has become their selling price rather than the quality of the digital content. Some view NFTs as a platform ripe for illegal acts like money laundering. 

                                                        The Ethereum transactions powering most NFT markets are environmentally detrimental – with the amount of computing power necessary to make transactions being a limitation on how time-efficient and energy-efficient these transactions can be. 

                                                        According to an article linked on Ethereum.org, Ethereum’s total annual energy consumption was around 112 tera-watthours per year, and their carbon emissions totalled 53 megatons per year. As pointed out in the article, this is equal to the total annual carbon emissions of Singapore! 

                                                        NFTs are marketed as being secure due to their decentralisation in the blockchain, but this decentralisation leads to its own complications. 

                                                        There is no real central authority or government agency in any country overlooking NFTs. The regulatory guidance on the subject is in a fledgling state and proof of ownership is not as secure as it could be. 

                                                        It has even been expressed that there is a risk of hackers making purchases or transferring assets using others’ accounts. This is because, as mentioned before, the code/key to access the NFT in the blockchain is stored on a digital wallet and not on the blockchain itself. 

                                                        Therefore, while the web address of the NFT is secure, the code to access the NFT is theoretically vulnerable to cyberattacks.

                                                        The decentralisation of cryptocurrency, and NFTs by extension, is a factor contributing to their massive monetary value: the supply is tightly restricted by the costs and high barriers to entry of mining operations, and the demand continues to rise, with neither supply nor demand subject to intervention from authorities. 

                                                        This leads to great price volatility (fluctuations in prices) creating a speculative market. It is reliant upon ‘greater fool’ theory; people only fork out their money hoping that a bigger risk-taker will be willing to pay an even larger sum. 

                                                        As opposed to other options like the stock market, NFTs come with far greater risks and are subject to greater price volatility, reflecting the cryptocurrency they parallel.

                                                        Payment can theoretically also be made in fiat currency, as was the case in the 11.7-million-dollar purchase of CryptoPunk #7523.  However, the issue of unregulated markets and price volatility is not addressed, because while the buyer may be protected from the risk of cryptocurrency investment, any investment into an NFT comes with the same risks arising from the tight supply and growing demand.

                                                        Overall, I think that in their current iteration, NFTs cannot fully replace traditional art. However, each has its advantages and disadvantages; and NFTs bring very new and innovative ideas to the table; shaking up the scene significantly. 

                                                        And, of course, we must address that while art pieces like physical paintings can technically only be expressed along two dimensions, NFTs can dip into four, as they can be 3 dimensional objects which change over time. 

                                                        For example, the supposed ‘first-ever’ NFT, Quantum, which sold at the same auction as CryptoPunk #7523, is a geometric shape that morphs and bends with time. However, their environmental effects and the security concerns limit their sustainability for now.

                                                        At the moment, it seems unlikely that NFTs are going to be phased out anytime soon; but outliers with ludicrously high valuations will become increasingly scarce; these are just symptoms of the excitement of the market and are not reflective of the way NFTs should progress. 

                                                        NFTs are fundamentally different from traditional art in many positive ways; for one, NFT trading is much more accessible in the modern day given that all one really needs is a computer and internet connection. 

                                                        NFT markets and creators should move forward with an intent to promote openness and continue to innovate.

                                                        Glossary:

                                                        Greater fool theory: It is when people disregard the actual valuation of an asset and make a purchase with the intent of selling it off to a higher bidder.

                                                        This relies on a speculative market. When the so-called “speculative bubble” dies down, the asset is left in the hands of the unfortunate highest bidder with nobody to sell it to. 

                                                        For further reading: https://www.fool.com/investing/how-to-invest/greater-fool-theory/

                                                        Fiat Currency: Acts legal tender by the decree of a government or authority without any kind of intrinsic value on its own. As such, it is backed by authorities and is subject to regulation.

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                                                        Categories
                                                        HR Tech

                                                        Lead the Leaders – Digitizing the 4Cs approach 

                                                        Lead the Leaders – Digitizing the 4Cs approach

                                                        Written by : Sriparna Sen on Digilah (Tech Thought Leadership)

                                                        In today’s world, start-ups have become as common as daily bread. And I firmly believe this is the beauty of our times. Every start-up comes with new dreams, goals and journeys that are waiting to be charted out. The founders start with a vision and then slowly and steadily people join hands and the voyage goes on. 

                                                        For each of these voyages, several storms are encountered and surpassed. It takes the whole crew along with their varied areas of expertise and varied personalities to help the ship sail through troubled waters. And every single member of the organization learns through the journey. This is the best example of “on-the-job” learning that can be provided in today’s times. 

                                                        Just like a human pyramid, the organization keeps building up through the years. If the foundation is robust and the channels of communication are strong, then every layer in the pyramid is cohesively aligned towards the goal. 

                                                        Some start-ups achieve this by maintaining a flat hierarchy so that it’s easier to communicate and some start-ups achieve this by maintaining a strict growth path for their leaders. 

                                                        But, the underlying principles are the same to achieve organizational success for these growth-phase start-ups. 

                                                        They need to focus on an emerging set of middle managers. It is immensely critical. I call this the “Lead the Leaders” approach.

                                                        Like everything in our world today, technology can play an important role in implementing this approach efficiently in your organization during the fast-paced growth phases. If we can digitize the onboarding and learning of early stage managers, it’ll help in minimising losses and maximising productivity. 

                                                        In my experience, the 4Cs of Manager Development need to be incorporated into the culture of growth-phase start-ups.

                                                        1. Co-create the learning vision and strategy – Senior leaders, along with HR (and Learning experts), need to stitch a learning strategy for all managers in the organization. The learning strategy has to be customized for the industry and the company. Tools like Appreciative Inquiry can be useful. 

                                                        1. Coaching programs – Ownership and empowerment comes with self-confidence. Every manager needs to act as a coach. For that they need to learn what are good coaching skills. Companies need to create in-house coaches and sponsorship programs for future leaders. There is a quote in the book – A Trillion Dollar Coach by Eric Schmidt – “Coaching is no longer a speciality; you cannot be a good manager without being a good coach.”

                                                        1. Competency driven career paths – Several start-ups see team and organizational efficiencies in their early days which “seem” to diminish as the company grows. Most of this is due to the lack of capturing the competencies which created the original winning streak. Creating the right competency matrix and then implementing it for every job role is a key factor in developing future leaders. 

                                                        1. Communication and creating a culture of trust – Finally, the one ring to rule them all! The leaders, HR and the systems in the organization – all need to come together to communicate regularly and consistently the learning vision and the competency based approach to the managers. 

                                                        The great thing about the market today is that there are several Learning Management Systems (LMS) built and sold which cater to all categories of companies. But this is also the bane of it – how do you choose the right one? 

                                                        The simple answer is – always keep your end objective very clearly written when you research the market for the right technology for your setup. And trust me when I say, most of these tools are built for being customized for your company as long as your requirements are crisp and clear.

                                                        Any LMS that you deploy for your employees should be able to implement the 4Cs that you stitched for your unique environment. You need to ensure that the system is built with and drives your approach if you hope to see any success in developing your talent.

                                                        Here are some of the tips that work well, in my experience: 

                                                        • Define the objectives 

                                                        • Check and review the learning strategy 

                                                        • List your expectations from the system 

                                                        • State all the people and culture constraints 

                                                        • Ensure ability to easily evaluate learning outcomes and generate reports 

                                                        • Do a thorough market research 

                                                        • Compare and get product demos for all your stakeholders 

                                                        • Review and confirm the post launch support 

                                                        Companies will thrive only when digitisation and humanisation are used in a collaborative way to understand human behaviour. If you can support your new and emerging people managers to lead their teams well, then your business will not just survive, but thrive in this VUCA world.

                                                        Sriparna Sen is General manager HR | People and Culture @ Great Learning

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