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Art Tech Web 3.0 Tech

NFT Can Be A Force For Positive Social Impact

Witten by Darren Tan on Digilah (Tech Thought Leadership)

With all the ongoing debate about the inherent value of NFT, for myself, as the founder of Digital Arts For Social Impact (DASI) , I believe that NFT can be an effective channel for positive social impact. 

NFT started in the year of 2012, backed by the basis of bitcoin then, since Etherium hadn’t started before then – and since that point, there have been many ongoing conversations as well as trades that have happened on the digital space.

Some see it as an opportunity to get rich quick, given the number of rug pulls that has happened due to insider traders making a quick run after a successful fund raise, while others see it as an opportunity to express their art – and letting keen buyers own an original authentic piece of their work without any potential risk of inauthentic duplication

NFT Art-tech

For myself, my exposure to NFT, blockchain as well as Web 3.0 definitely changed the way he viewed work as well as the digital space, and it definitely pivoted me from being a typical salaryman to someone who can also create positive social impact with the help of NFTs

Afterall, the basis behind the creation of an NFT can be condensed into 7 simple steps:

1) Create/pick your artwork/ unique creation

2) Choose your choice of blockchain tech

3) Setting up your digital wallet for          transaction

4) Shortlist & Select your NFT marketplace.

5) Upload your NFTs

6) Develop a robust sales & marketing plan for your NFTS

7) Fund-raising and channeling it to an effective cause

In fact, it was with this knowledge that I have also invested heavily into ethereum as well as developed a robust team made up of industry veterans as well as artists across the globe, to serve the impoverished community around the world – one of which being Cambodia.

For DASIโ€™s very 1st upcoming project, Darren & his team made up of industry veterans as well as artists across the globe, they have ambitiously set their sights to help impoverished Cambodian kids to fund raise for their very own school – with hopes that this will be
a beacon for future NFT projects that will lead to support more social causes.

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Sustainability Tech

Energy Transition: The Real Challenging Scenario

Written by – Chandrashekhar Chincholkar onย Digilahย (Tech Thought Leadership)

The World is going through a serious climate crisis, and it is important to start addressing the issue.ย  Paris Agreement signing by 194 Nations and subsequent submission of INDC (Intended Nationally Determined Contributions) has set the ball rolling.ย ย 

COP 26 strengthened commitments from various countries further to Energy Transition. The move towards complete Green / Renewable Energy is the need of the hour. Solar, Wind, Renewable Fuels like Hydrogen is the real need of the hour. Solar prices per unit have dropped significantly in the last 10-12 years and it is important to move faster to further penetration in power generation through Renewable Power.ย 

Hydrogen as a fuel of the future has a lot of promise but the initial costs of Hydrogen Green are higher. The Green Hydrogen prices are in the range of $ 5-8 per Kg. Further reduction in electrolyzer power consumption required per Kg of Hydrogen needs to drop at least 20-25%.ย  Also, the technological advancements to reduce the cost of Electrolyzer is also the biggest need for low cost of Hydrogen / Kg.

Decarbonization which is the biggest need for the World today has two major areas from Energy perspective:

  1. Mobility related Decarbonization โ€“ which is approx. 22%.ย 
  2. Manufacturing related Decarbonization โ€“ which is approx. 78%.ย 

Both these phases of Decarbonization needs huge capex going ahead and as per recent reports from IEA and Mckinsey, the funding requirement will range from $ 150 to $ 270 Trillion over the next 30 years. This is going to be biggest challenging area for the World as Corporates gear up for Decarbonization in every activity. This move towards Decarbonization will address the biggest concerns faced by Institutional Investors as ESG (Environmental, Social and Governance) reporting and disclosures becomes deeper day by day.ย 

Challenging times ahead for Global Economies and Corporates.

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HR Tech

The overwhelmed leadership of transformation

ย Written by – Mar Vin FOO onย Digilahย (Tech Thought Leadership)

As we venture into an era where the old ways of industries and new ways of technology converge rapidly to disrupt what we are used to, leaders are often thrust into situations where their people want both.ย 

Digital transformation, sustainability, and climate change overwhelm leaders who have to deal with disruptions to businesses from new entrants; demand for corporate responsibility, in addition to their usual functions with shortening boom and bust business cycles. The average lifespan of a company has decreased from 67 years in the 1920s to just 15 years today. Blockbuster, a popular movie rental business in the United States of America (USA) lasted only 25 years from 1985 to 2010.ย 

The ability to adapt is so crucial and leaders are overwhelmed to undertake the digital transformation of various departments beyond corporate Information Technology (IT) and into their business operations to survive. In this article, Iโ€™m going to share the factors contributing to transformational success, extraordinary leadership that takes immense courage to defy organisation cultural norms and business landscapes, and new technology tools that can bridge the automation, sustainability and security divide from reducing carbon footprint; escalating costs; to manpower and digital talent crunch. For the leaders who are championing workload modernisation for their sprawling legacy footprint, fret not because this will be covered towards the end of the article.

Factors for transformational success

Success isn’t always a mutually exclusive situation but rather a mutually inclusive decision that requires a knack for understanding the market trends, the organisation or society’s cultural conditions, the availability and maturity of the tools, and the readiness to change.ย 

 digital leadership technology

In Singapore, Parking.sg is a successful mobile application eliminating car parking coupons that need to be printed, perforated, inventoried, distributed, utilised and inspected. Not many are aware that there was a similar attempt to eliminate parking coupons using mobile phones when short messaging systems, SMS, were all the rage in the early 2000s before the advent of smartphones a decade later.

The maturity of mobile phones in its smartness was limited in the early 2000s with costly SMSes. A coupon-less SMS mobile solution would have been ahead of its time with limited success because the ease of use was lacking in comparison to the graphical user interfaces in today’s mobile phones.

Timing plays an important role because the effectiveness of a solution depends on it.

Today’s leaders are challenged especially in an era where it takes courage to break away from the norm, and when previous attempts at technological innovations or transformations did not succeed, making it tough to start a new attempt.

Our comforts of today come from extraordinary leadership

Steven was a former Economic Development Board (EDB) scholar who brought multiplex cinemas within a single location concept or cineplex into Singapore. It wasn’t a bed of roses to begin with because people were used to the single large seating cinemas that screens one show at a time before the 1990s.

The incumbent cinema operators in Singapore have an illustrious heritage in movie production and dominated the local scene with their traditional single-screen cinemas. They are backed by conglomerates and were keenly watching on what was deemed a risky move by a government agency to revolutionise the cinema scene in Singapore. Compared to the movie tycoons, Steven was a newbie in the business they had been in for decades.

Steven was determined to bring the successful cineplex experience from Australia to elevate local residentsโ€™ enjoyment as well as inviting innovative companies into Singapore for the benefit of the economy, which is the charter of EDB.

Conditions were challenging because he had to navigate the different agencies to secure a site to build Singapore’s first cineplex. During the 1980s and early 1990s of Singapore, prime land was reserved for private bidders and Orchard Road was the only shopping and entertainment destination. Being prudent, the relevant governmentย  agencies were only able to provide a location that was far from ideal, out in the suburbs where spending power of the residents were limited.ย 

The odds were stacked against Steven and the cineplex company which he intended to bring into Singapore. However, they were silently confident in replicating the successful model into Singapore because of the intricate details from seat arrangement, acoustic, and the peripheral offerings from movie memorabilia and collectibles like membership cards, lighting, carpeting, plush corridors and luxurious walkways that delivered exceptional and thematic entertainment experiences.

Fast-forward till today, cineplexes are a norm and the local scene was rejuvenated with both the new and incumbent operators building cineplexes into shopping malls across the country with neighbouring countries following suit. Itโ€™s a transformational success and we have extraordinary leadership to thank for.

Maturity of technological tools and strategies for transformation

Disparate islands of systems spanning across decades and sprawling across organisational landscape, coupled with traditional computing workloads that once revolutionised manual paper processes are fast becoming stumbling blocks in the next digital transformation journey of many organisations.ย 

Chief Information Officers (CIOs) and their teams are now overwhelmed with not just corporate IT functions but are increasingly required to offer recommendations into cybersecurity, business operations, operational technology, facilities management and Internet-of-Things (IoT).

This is made even more challenging with global inflationary concerns and the Great Resignation which reduced the pool of talents amidst the increased demand for digital talents required to transform the businesses.

The flurry of new technological startโ€“ups make it difficult to choose the best-of-breed solution. The increasing difficulty to integrate or migrate from traditional computing workloads to newer operating models like cloud or as-a-service are present with increased risks too.

Automation and sustainable strategies from digital physical lockers for staff to self-service collection of their issued equipment; preemptive maintenance made possible with notifications; unified service desk and disparate systems for efficiency;

omni-channel platforms coupled with data and artificial intelligence to drive improved engagement experiences across mobile, web, SMS, social media and email; intelligent document processing with proven models; sustainable logistics and packaging to reduce carbon footprint are priorities to be determined by leaders in delivering the most impact in the shortest possible time.

Security strategies from conventional detection of known threats to unique detection-less methods rendering unknown attackers without a destination to target; data diodes to segregate and limit communication to one-way; file sanitization to mitigate security risks from users; automated vulnerability assessment and penetration testing (VAPT); and code scanning of binary files are a curated way to improve security postures while reducing costs.

We like the hype and excitement of new products but deep down we know maturity counts. We want a seasoned pair of hands to support transformational journeys to minimise risks and maximise the success rates.ย 

Computing workload modernisation

For many organisations, there is really a big sprawling footprint of ageing infrastructure platforms which require a thorough review. Itโ€™s like buying a house 30 years ago and looking at the amount of items (systems) cluttering across the rooms and walkways that were bought over the years.ย 

Some of these items are valuable because they contain important memories (data) and we like to give them a fresh lease of life with better cabinets (server rooms); offloading them to offsite storage hubs (datacentres); or digitising them and sharing with relatives over the Internet (cloud). Most of our enduring institutions or organisations are at least a few decades old and they can be cluttered. Even those who are organised will find it necessary to renovate their houses to keep up with times. The same goes for our IT systems, which are giving CIOs and their teams a hard time to revamp without having to tell their colleagues to live without a roof (downtime).

When it comes to keeping up with times, some organisations may want a rapid migration to cloud; some may be worried that the existing platforms they are on are reaching end-of-life and end-of-service. Others could already be exploring containerisation and facing challenges. Modernisation is making the right decisions with a thorough understanding and mapping of oneโ€™s environment. How much we know is half the battle won.

The next half is getting professional help. Enterprise architecture consulting offers the best insights for IT infrastructure modernisation by harmonising the existing sprawl with leading solutions that are innovative yet matured in adoption to deal with the distributed computing demands across on-premise, cloud, hybrid and edge.

Actionable digital leadership

In summary, market trends, organisation cultural norms, availability and maturity of tools, and readiness for change are factors for transformational success. Also, timing is important in rolling out successful campaigns. In addition, extraordinary leadership is crucial in delivering impact. Next, transformation success rates can be improved with careful deliberation supported by experienced professionals, backed by research, and word-of-mouth with a pilot trial or proof-of-concept to begin with. Today, social media, collaboration tools and information are readily available at our fingertips, hence it isย  important to execute and engage stakeholders to garner feedback for faster iterations to reach our objectives.

At Kyndryl, where Iโ€™m a partner to clients, colleagues and vendors in the region and globally, we have 30 years of experience in transforming traditional workloads including mainframes for some of the most enduring institutions.ย 

Iโ€™m glad to share that Kyndryl developed a decision-making tree to aid our clients in aย  non-obligatory discovery workshop for private enterprises and public agencies. In a nutshell, itโ€™s our way of saying hello and building goodwill in our community by offering complimentary advisory services for long-term partnerships.

#marvinTechAdvocate

I am Mar Vin, Foo.

Thank you for leading the conversation of change.

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HR Tech

Leadership development in a virtual world

Written by –  Sreena Seetha Nadarajan on Digilah (Tech Thought Leadership)

Remote learning and training became the norm during the covid pandemic. With most of us locked in our homes, we were forced to look for new ways to acquire knowledge, to connect with people and, for many, develop new skills and capabilities. Those at the top of organisations, including senior leaders who are Members of our Community, had to navigate the challenges of leading their businesses remotely. How do you keep in touch with your executive team, your Board, your people and the outside world? How do you seek inspiration and advice, from colleagues, mentors and peers, in a lock down? 

Online learning and training is nothing new. Companies have offered employees access to e-learning as a flexible and often cost effective way of upskilling teams for some time. The challenge of leadership development is more complex. For executives, itโ€™s often less about learning a new skill, but instead understanding the business landscape outside of your immediate organisation and industry. It is no longer enough to have deep sector expertise, leaders need insight from a range of sources and across different geographies in todayโ€™s fast-paced environment.

Executive development using technology to let the outside in

According to our research, senior executives including CEOs, CFOs and HRDs consistently rate development opportunities like mentoring and peer learning as most effective to their roles and responsibilities. When lockdown hit back in March 2020, Criticaleye had to quickly adapt many of the learning experiences we offer our Members, so technology played a major role in keeping leaders current and connected. 

In fact, when it comes to executive development, virtual meetings and connections with other leaders around the globe has become one of the major opportunities to emerge from the crisis. Our mentors are now able to combine face-to-face interactions with virtual conversations, creating a constant and consistent touchpoint for their mentee. Equally, and although we resumed our calendar of physical events last year when restrictions were lifted, the advent of more regular, virtual roundtables and forums at Criticaleye is enabling our Members to dip into leadership insight and be inspired by peers more than ever before.

Tech and Talent

If the way leaders are developing their skills and capabilities is changing, so too is the way they think about their workforce and talent strategies. Organisations need to adapt to remain competitive, and improve their understanding of both what it means to lead a distributed workforce. Itโ€™s about much more than remote working. Leading a distributed workforce should be intentional, strategic and it requires a shift in both leadersโ€™ mindset and the culture of the business.  

According to discussions we frequently have with leaders across the Criticaleye Community, executives need to ask themselves how they can create a new sense of belonging in a more remote working environment. They also need to question how they measure and maintain productivity. Overall, there must be a focus from leadership teams on retaining your best talent, and, going back to our Criticaleye Research, the C-suite consistently cites talent as their top priority for the year ahead. 

Digital transformation is not just about the customer. It must also play a key role in how you engage your teams, what you offer in order to hold on to key people, how people learn and how leaders get the touchpoints they need to be successful. 

Sreena Nadarajan, Head of Research UK, Criticaleye

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Security Tech Med/Health Tech

Security & Privacy by Design – Health Data Management Policy

Written by : Sujeet Katiyar onย Digilahย (Tech Thought Leadership)

Every byte of data has a story to share. Important question is whether the story is being narrated accurately and securely. Usually, our focus is sharply on the trends around data with a goal of revenue acceleration, but we commonly forget about the vulnerabilities caused due to bad data management. Data possesses immense power, but immense power comes with increased responsibility. Just collecting, analysing and building prediction models is simply not enough in todayโ€™s world. Always keep in mind that we are in a generation where the requirements for data security have perhaps surpassed the need for data correctness. Hence today the need for Privacy by Design is greater than ever.

โ€œPrivacy by Designโ€ and โ€œPrivacy by Defaultโ€ have been frequently discussed topics related to data protection. The first thoughts of โ€œPrivacy by Designโ€ were expressed in the 1970s and were incorporated in the 1990s into the RL 95/46/EC data protection directive. Privacy by design is an approach to systems engineering that seeks to ensure protection for the privacy of individuals by integrating considerations of privacy issues from the very beginning of the development of products, services, business practices, and physical infrastructures. The adoption of security and privacy principles is a crucial step in building a secure, audit-ready program.
Privacy by Design is based on 7 principles:

Privacy by Design is based on following 7 principles:

  1. Proactive not Reactive; Preventative not Remedial – Privacy by Design comes before-the-fact, not after.
  2. Privacy as the Default Setting – it is built into the system, by default.
  3. Privacy by Design is embedded into the design and architecture of IT systems and business practices
  4. Privacy by Design seeks to accommodate all legitimate interests and objectives in a positive-sum โ€œwin-winโ€ manner not Zero-Sum
  5. End-to-End Security โ€” Full Life-cycle Protection
  6. Visibility and Transparency โ€” Privacy by Design seeks to assure all stakeholders that whatever the business practice or technology involved, it is in fact, operating according to the stated promises and objectives
  7. Respect for User Privacy โ€” Keep it User-Centric.

Privacy by Design in Health Data Management Policy by ABDM

Consider data protection requirements as part of the design and implementation of systems, services, products, and business practices. The federated design of the National Digital Health Ecosystem ensures that no personal data other than what is required at a minimum to create and maintain Health IDs, Facility IDs or Health Professional IDs shall be stored centrally. Electronic medical records shall be stored at the health facility where such records are created, or at such other entities as may be specified by Policy. Electronic health records shall be maintained by entities specified by Policy, as a collection of links to the related medical records. ABDM shall issue appropriate technological and operational guidelines providing for the establishment and maintenance of the federated architecture, for ensuring the security and privacy of the personal data of data principals, and for maintenance of electronic medical records and electronic health records.

 Health Data Management Policy by ABDM

Prepare a privacy policy containing the following information:

  1. Clear and easily accessible statements of its practices and policies.
  2. Type of personal or sensitive personal data collected.
  3. The purpose of collection and usage of such personal or sensitive personal data.
  4. Whether personal or sensitive personal data is being shared with other data fiduciaries or data processors.
  5. Reasonable security practices and procedures used by the data fiduciary to safeguard the personal or sensitive personal data that is being processed.

The privacy policy referred shall be published on the website of the data fiduciary. In addition, the data fiduciary shall also make available a privacy by design policy on its website containing the following information:

  1. The managerial, organisational, business practices and technical systems designed to anticipate, identify and avoid harm to the data principal.
  2. The obligations of data fiduciaries.
  3. The technology used in the processing of personal data, in accordance with commercially accepted or certified standards.
  4. The protection of privacy throughout processing from the point of collection to deletion of personal data.
  5. The processing of personal data in a transparent manner and
  6. The fact that the interest of the data principal is accounted for at every stage of processing of personal data.

The privacy policy issued and the principles of privacy by design followed by the data fiduciaries should be in consonance with this Policy and applicable law.

Article by Sujeet Katiyar

Digital Health เฅค Rural Healthcare เฅค Regulatory Compliance เฅค ABDM, HIPAA, GDPR, Data Security & Privacy Professional as Consultant, Start-up Founder, Director with 23 years in Web & Mobile Technology with AI, ML, Blockchain

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AI Tech

Driving intelligence solution for the automotive industry

Written by : Vivek Gouda  on Digilah (Tech Thought Leadership)

The automotive industry is rapidly adapting to the demands of connected mobility. The rise of autonomous and electric vehicles will create new challenges for manufacturers, who must implement solutions that will help them meet changing consumer needs. These vehicles are expected to require more computing power than traditional cars, which leads us to ask: What does this mean for aftermarket solutions?

What does this mean for aftermarket solutions?

As both traditional and autonomous cars become more automated, and more intelligent, the use of geospatial technology is proliferating.Geospatial intelligence (GEOINT) is the use of data and technology to improve the way we make decisions. It’s a key component of connected mobility, which refers to how vehicles communicate with each other or with infrastructure.

In autonomous vehicles, geospatial intelligence can be used to collect real-time information about road conditions as well as traffic patternsโ€”which can help a vehicle avoid hazards that could otherwise cause an accident or delay. This type of information can also be useful for collecting data on weather conditions, or even hazards like ice on the roads during winter months.

Connected cars are another place where geospatial intelligence is being applied: they collect both driver behavior data and location information via onboard sensors that provide insights into driver quality control and safety measures such as speeding or harsh braking incidents.

But what exactly does that mean for the future of cars?

Geospatial intelligence (GEOINT) is a broad term that refers to information gathered from satellite data and other sources in order to identify people, places, and objects.

Using GEOINT, we can determine the location of a person or object within a specific area. This allows us to collect data on the location of vehicles on roads at any given timeโ€”information which is then used by car manufacturers and other companies to improve their products and services. For example, knowing where cars are parked may help you find your way into an underground parking lot before you run out of battery power in your electric vehicle; it can also be used by municipalities when designing new roads so they can plan how many lanes will be needed for traffic flow.

And how does it work?

Driving intelligence solutions allow manufacturers and OEMs to identify and engage with their customers based on their driving behavior. The solution is designed to be used by the driver, who can also access it from an app on their phone or tablet. Using this technology, car manufacturers can:

  • Monitor vehicle location & speed
  • Identify where drivers spend most of their time in the vehicle
  • Collect data on when they start and stop using the car, how long they use it for and where they go during those times

What does this mean for traditional vehicles?

Geospatial intelligence is a software solution that integrates data from multiple sources to help personnel make better decisions. In the automotive industry, it has been applied to several areas, including navigation and fleet management.

In this article, we’ll explore how geospatial intelligence can improve driver safety and efficiency in traditional vehicles.

How does it all come together?

Hereโ€™s how it all comes together:

  • Data from connected vehicles โ€“ This is the raw data collected by autonomous vehicles and other vehicle systems. It offers an on-demand picture of traffic patterns, road conditions and driver behavior.
  • Data from the cloud โ€“ The cloud allows you to store and analyze large amounts of data in real time. In this way, you can quickly identify patterns that indicate a problem with one or more sensors or systems on your vehicle.
  • Data from the edge โ€“ Edge computing uses advanced analytics at the edge of a network (a local area) rather than in a centralized location such as a cloud server center or data hub. This approach enables faster decision making because only relevant information is sent over high-bandwidth networks instead of sending all available information for analysis in another locationโ€”a process that can take hours or even days depending on bandwidth capacity limitations

Harnessing the power of geospatial intelligence will help you create better experiences for every aspect of your customer journey.

Geospatial intelligence is a powerful tool that can help you create a more personalized and engaging experience for your customers.

Heliwareโ€™s HeliAI uses location data to give you insights into how people are moving around the world, what they are doing at any given time and whether there are opportunities to engage with them at specific locations. Automotive service providers or manufacturers can use this information to understand customer behavior and improve the experiences your products offer.

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HR Tech

Gig Economy vs Traditional Economy: Impact of Covid-19 in Singapore

Written by SJ Phua on Digilah (Tech Thought Leadership)

What will be the future of all the office spaces!

What is a traditional economy?

A traditional economy is a business whereby company’s employ people on a full-time basis to carry out task stated out by the company. The pros are there is a structured career path in the company and they are well paid in terms of salary and benefits such as leave, insurance and trainings. The cons are usually the company is not flexible in certain decisions such as – work hours are fixed at 9-6pm and they incur high operating cost such as manpower, office, and insurance.

Technology have brought about changes in life as well as the economy we know today. Gig economy start to trend recently especially with the booming of technology app companies such as Grab, Uber, Airbnb etc. These companies employ people on a part-time/contract/freelancing basis to complete a task stated out by the company. The pros typically are the flexibility of time, allowing the hired people to work within their own time management. The cons are they typically not cover under company insurance or have leave entitled to them as compare to a regular full-time staff.

Examples of a Gig economy

Photo credit from Mendaki Singapore Facebook

Impact of Covid-19 in Singapore

Since Covid-19 striked, a lot of business had to fold or change the way they work such as working-from-home, food delivery service for F&B. Traditional business that need to have office space or retail/F&B that rent space from commercial and non-commercial building in Singapore are hit the hardest during the lock-down and post lock-down period. Some businesses just simply couldnโ€™t survive and hence retrenchment was on a rise during the period. So, we can see a shift in workforce that joined the Gig economy such as the grab food delivery service which allows people to earn money with flexible timing and arrangement. Even Taxi operators were hit during the period as travel restrictions were imposed and hence taxi driver’s lost a mainstream of income from visitors. Luckily, they were being deployed for short term role of chauffeuring covid-19 patients from point A to point B. Airlines were grounded during this period and SIA stewardesses were being deployed to hospitals as care ambassador during the crisis period to help out with lack of manpower in hospitals. Some who were out of job turned to entrepreneurship such as home-based business or hawkerpreneur to tide themselves over the period. Full-time workers who are still employed under companies have to adopt new ways and technology to do business such as hold virtual meetings over Zoom, doing tele-conferencing and working from home.

Examples of working from home tech jobs

Photo credit from Investintech.com

With the covid-19 situation under control at this point of time, businesses are slowly recovering. The question now is, would the Gig economy workers go back to a traditional model or does the traditional model break into new territory of Gig? Imagine, employees choosing to work on a hybrid mode of work from home and hot-desking anywhere instead of going to office, does it help the company to save on rental/ ownership of a building? What will happen if companies do not need an office space anymore? What is the future of commercial buildings like? Do drivers/ delivery workers of grab go back to being white-collar workers and hence create a gap in supply demand in the grab app?

I look forward to the future of the working landscape as to how technology will shape up both the Gig and traditional economy.

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Web 3.0 Tech

Metaverse โ€œThe Dream Catcherโ€

Written by Anuradha Lal on Digilah (Tech Thought Leadership)

Can the meta verse catch our imagination and make it so immersive as a real dream?

I am not a psychologist or a physicistโ€ฆ.

Everyone is talking about โ€œThe METAVERSEโ€. Is this really a new concept?

โ€ฆ..I am not a psychologist or a physicist (thank God for that! my brain would explode with the heavy formulas!), though I wish I was one! to be able to connect the emerging new reality of the metaverse to both these fundamental sciences of psychology and quantum physics. However, I will be the end user of the metaverse and I understand a decent amount of technology that goes into creating this new universe called metaverse.

Here is how I understand the need of having a metaverse and envision a future with the metaverse impacting the 7 Bn humans on this planet.

The human mind always wanders to things beyond their physical location and space. So, we have dreams. Nature supported this concept as homo sapiens evolved. Imagination in our sub conscious mind or our wakeful state is what makes us humans different from other species.

We have always tried to capture this need of imagination and transporting ourselves into another world.

The 2 basic needs of the human mind being:

  • To conquer time
  • To transport ourselves into another time and location = gather experiences

So how I see the meta verse is an evolution of the human imagination with the innovation of 3D, 4D, 4D…. technology. Some call it Web 3.0

The first new verse had started with a camera and a picture taken when we wanted to capture time. But then as the then technology evolved to video cameras, we created 2 hours of immersing ourselves, our emotions in another world which led to the making of films.

Of course, films were not customised to each one of us. Yes, the gaming industry evolved to more customised simulations for example war games, which should have led to less wars!, as more boys and men imagined and satiated their imagination of shooting others and planes!! But this unfortunately could not stop wars even in the 21st century. However a teenage boy with no legs can play an immersive football game and score goals and feel the rush of adrenaline through him and make him a winner!

So now with the metaverse every individual can realise their own head space. The question is โ€œCan we still beat natureโ€™s 30 sec film called โ€œDREAMโ€?โ€ Maybe.

The meta verse is just the start, where we want to imagine not only while sleeping but also when awake!

The Metaverse consists of a 3D virtual world where users interact with various spaces and virtual reality components using digital avatars. We all know large IT companies, such as Facebook and Microsoft are busy exploiting its potential. We will soon see notions of 3D virtual reality in metaverse projects embodied in a range of spheres โ€” from a virtual land market to an office space. Some of the short term use cases of this are gaming, remote work environment in virtual spaces, tourism, education, fashion, medicine, shopping, real estate etc.

The marketers are the first customers of this extended reality. There are big brands, big social media platforms who want to own this imagination of the human mind and sell more, easily giving their customers a real experience of what their products, services look like. Tickling the human imagination with more customised rooms, products, and services.

Yes, Metaverse has made it to the top contenders of the most trending key words of 2021. Metaverse is here to offer a parallel virtual universe to all of us. The Metaverse opens a whole new world of economic prospects, from virtual music events to NFT-based products, to name a few. 

So, will โ€œMETAVERSEโ€ just stop with being another commercial success for big brands and companies or will we be able to really change human lives with this immersive and imaginative technology.

Before I start dreaming future use cases of this new reality, a question that comes to my mind is how will the metaverse look in a non IOT world. Can it function in a non IOT world bringing back the 2 fundamental sciences of psychology and quantum physics together? along with our human desire to conquer time and transport ourselves into a different or unknown arena.

Will we be able to capture the Theory of quantum physics in which an infinite number of ever-growing alternate realities are created by our choices. In any alternate reality any choice that is made creates universes where each choice is explored.

Will we be able to catch โ€œTHE DREAMโ€ as best as nature has been doing it for us? in 30 sec sleep mode, without the help of IOT!

Here I want to explore a life changing use case of the meta verse which can change the world 100 years from now. Will the Metaverse help me be in 2 places at the same time? Can I experience an alternate life experience? Can the meta verse quench my thirst sitting in a desert without having water around me?

The Big Tech billionaires are all headed to search another verse, away from our current universe – called Earth. This new verse can be exploring another universe or another planet, or creating an imaginary verse where all our dreams, needs, desires, and wants are fulfilled at the click of a button or a count down as the space shuttle takes off!

The future of this new verse whether โ€œmetaโ€ or โ€œmarsโ€ is linked to our need to transport ourselves to different experiences and the need is indeed important as our life span has increased over the last century. On average we accomplish our physical responsibity of pro creation, wealth creation, productivity by age 50 and then are living upto 100 and imagining immortality! So, what do we do with our imagination from 50 to infinite life expectancy.. Let it rust!

We need to create experiences to truly enjoy life.

As I envision the new verses, meta or mars will in the future have new experiences circulate within the 7 Bn people with science and technology providing them not only imaginary but real experiences like quenching thirst sitting in a desert to the need for humans to not be born again and again to experience different life situations. It will create the power to have the same 7 Bn experience different combinations of life in the real verse and the meta verse. Guess the need to explore space may cease then!

This exploration of the new verse and the future reality comes with a great amount of responsibility on our current generation and the big tech giants. The creation of a virtual universe can pose several challenges in the coming 50 years. The metaverse will still not be a replacement for the real world but it should represent an improvement on it in every possible way. Even looking at our 30 sec dreams, the psychologists are still deciphering them. So, as we create the new universes there will be many unanswered questions passed on to the next generation. These unanswered gaps towards creating a perfect new verse must be passed on carefully, articulately, and responsibly to the future generation to not only catch but to CONTROL THE DREAM.

Categories
Mar Tech

Brands Digital Success

Written by Harshit Srivastava on Digilah (Tech Thought Leadership)

With the rapid increase of users on digital platforms has been a great opportunity for brands and organizations to get hold of their customers, interact with them, acquire new customers, take feedback, make improvements and the biggest benefit has been measurable results of marketing campaigns.

Starting from the beginning of the journey to the end goal of a brand, one can easily make a high converting funnel with expert guidance.

The most effective generic funnel has always been Brand Awareness โ€”> Consideration/ Engagement โ€”> Conversion

With the help of social platforms, we can reach out to people who are found mostly on digital platforms. According to a recent study, on an avg. the user spends around 147 minutes daily on social media. Now the best part has been that audiences on these platforms are scattered which gives us the advantage to target users on basis of their demography and behavior. Example: Young generation up to the age of 27 are more active on Instagram while the elder generation still prefers Facebook. This number isnโ€™t a universal constant but keeps on changing depending on the country, geography, literacy, income, and various factors.

With the help of targeting options available for advertisers, we can target the right audience with the right content at the right time to achieve the brand goals.

With the help of remarketing campaigns, we can target the customers who have already been our buyers or shown interest in our ad in any form. It might be a scroll to the bottom of the page, Clicks, search on the website, add to cart, checkout, add a payment method, etc.

Differentiating all these audiences with different events, we can create and feed content accordingly. Thus, increasing the conversion rate.

Thereโ€™s an ongoing debate if paid media is beneficial or organic –

To achieve the best results, both approaches should be followed simultaneously. Though all the platforms are somehow decreasing the organic reach and visibility of content. Itโ€™s advised that paid media should not be neglected at any cost.

While Organic media gives long-lasting results if carried out constantly for a never-ending time, Paid Media gives instant results at any point in time.

Some of the biggest mistakes that brands should avoid-

  • Irregularity in maintaining a digital presence
  • Not having a brand identity
  • Not following brand guidelines
  • Ignoring Content
  • Ignoring Paid Distribution of ads
  • Being Impatient

Concluding this article, marketing is all about creating a perception. The best is to create the right one. Maintain distance from unethical marketing tactics. It might give short-term results but in long run, you will end up losing the trust of your customers and among competitors.

You can contact me here – https://www.digitallyanalytical.com/contact-us

Categories
Ad Tech

Tired of Ads? Hereโ€™s what you need to know!

Written by Rocรญo Rodrรญguez Hernรกndez on Digilah (Tech Thought Leadership)

In a time where users have more control over their ad choices than ever before, it’s no coincidence that an increasing number choose an ad-blocking solution. Currently, 42.7% of internet users worldwide report using an ad blocker. And the technology has expanded beyond the desktop, it is also available for mobile devices and tablets.

Ad Blockers

So, what is exactly an ad blocker and why is it so popular among users? An ad blocker is an application (plugins or browser extensions) that removes or alters advertising content on a webpage. This application removes certain kinds of ads, such as pop-ups, banner ads, and many other common forms of online advertisement. It allows the users to browse the web without being annoyed by disruptive ads that slow the page loading time.

However, many ad-block users understand that publishers have the right to earn revenue on the content they publish. Itโ€™s often due to previous negative experiences with ads that users turn to ad-block technology. In fact, most internet users don’t mind ads as long as they are of good quality and don’t interfere with their experience.

Cons for the user

If the use of ad blockers continues to increase, website publishers will try new monetization models that might end up affecting the user. For example, we have already seen some publishers adopting the subscription-based model in which they start charging a fee to access the content they provide just like premium services do. It is an alarming situation as we might eventually lose open access to the content that we have today. On the brighter side, advertisers are now looking for ways to make ads less disturbing and more relevant thanks to new technologies like Unblockiaยดs solution.

What is Unblockia?

Unblockia is one of the leading companies in the Ad Tech sector that promotes a more transparent and respectful interaction between publishers, advertisers, and users while keeping the internet safe and free. It provides publishers and advertisers with the technology to deliver a better online experience to their users through Acceptable Ads.

Acceptable Ads are ads that arenโ€™t intrusive or annoying. They are respectful, donโ€™t interfere with content, and are clearly labeled with the word โ€œadvertisementโ€ or its equivalent. These ads are created with users in mind and are presented in noninvasive ad formats that they are happy to see. At the same time, these ads allow publishers to start recovering the revenue they were losing due to ad blockers.

Delivering a good user experience while maintaining a profitable website is a big challenge for publishers. Without a doubt, new solutions like Unblockia are essential to build a strong and sustainable online future where the needs of users, publishers, and advertisers are met.

Categories
Digi Tech

Top 10 Secrets For A Good Website

Written by Paul Lim on Digilah (Tech Thought Leadership)

Today, we live in the world of the Web. It is common for companies to have websites and about 80% of consumers use the Internet to research on a business, product or service before making a purchase. But what if you do not exist on the Internet?

Establishing a web presence can prevent competitor from poaching your customers and simply setting up an appropriate company website can reel your target audience right in.

Websites can also improve customer service. As there is no downtime on the Internet, customers can be updated 24/7 and have their queries answered almost immediately. And what better way to provide them with value-added service than to share handy information on your website? Knowledge sharing is one method to connect with potential customers and eventually convert them into sales.

What is crucial is to build a website with the fundamental capabilities that garner and drive targeted traffic.  Here are 10 website to creating an ideal website to attract visitors and generate revenue.

1. Know Your Target Market 

The first step towards recognizing your target market is to have a proper understanding of the problems that your business tackle. Thereafter, identify the groups of people will be affected by these problems, these individuals will make up your target audience.

Make a list of your target audiences and group them accordingly to categories sure as profession, age, education levels, and gender. Find out how these groups of people may benefit from your products and services by questioning what they lack in their lives and meeting their needs where possible.

2. A Clear Navigation Bar

A clear navigation bar is a plus to any website. Choose simple names for the tabs on the navigation bar and the web pages โ€“ logical naming of both tabs and web pages should guide and direct visitors to a specific call-to-action.

3. About Us

The primary purpose of an About Us page is to inform the user about your company and what you do. The page should furnish visitors with the basic background information they need such as the companyโ€™s history, awards and achievements as well as social proof and authentic statements that can give your company image a boost.

4. Strong Headlines

There are millions of websites in the cyberspace competing for several keywords trying to be recognized as the first hit on search engines – but how exactly do you get people to read what you write?

Although good content and aesthetics are of great value to a website, a strong headline could give your website an edge over others. Pay special attention in crafting catchy and compelling titles for your headline and think out of the box to appeal to consumers and obtain the click-through.

Useful key words that trigger consumer action include Free, Discount, Guaranteed, Incredible Offer, 1-for-1 promotion etc. To truly persuade a visitor to constantly return to your website, use question words such as What, Why, When or How as visitors are often looking for answers to their various queries.

Take the subject โ€œDriving A Carโ€ for instance. 3 effective examples are:

  • โ€œHow to drive a car?โ€
  • โ€œWhy I Love Driving A Car?โ€
  • โ€œ10 Ways to drive a Car safetyโ€

5. Integrate Social Media & Videos

Using Social Media and embedding videos in your content can direct traffic to your website on a regular basis. The inbound links to your website from high-profile social media platforms such as Facebook, You Tube, Twitter, Tik Tok and others will increase your search engine results page ranking.

Consider creating the following social media profiles:

  • Linkedin โ€“ A professional site to showcase expertise and reach out to potential clients based on skills set
  • Twitter โ€“ A social sharing platform where you can post relevant tips and information with links to corresponding articles on your website
  • You Tube โ€“ Upload short yet succinct videos to demonstrate useful tutorials and give advice to

Always include a link back to an appropriate landing page on your own website and ensure you include a call-to-action on the page, for instance โ€œRetweetโ€ or โ€œShare this videoโ€

6. Power Pictures and Graphics

Simplicity and succinctness are key in creating messages that are straightforward to understand. People are often impacted visually than textually; hence good graphic designs and images are more effective in engaging site visitors compared to text alone. A dynamic picture can drive higher consumer engagement which can lead to higher sales figures.

7. Provide Impressive Testimonials

Positive and impactful testimonials are excellent for boosting site traffic. If you are in the service industry that replies on customer service and referrals, positive and impactful testimonials that appraise your companyโ€™s services will drive greater traffic to your site. For instance, an outdoor event service business could have client testimonials about the excellent service delivery and efficiency.

8. Order Page

The main goal of any e-commerce website is to convert visitors to buying customers. The order confirmation page is usually called a ‘Thank You’ page.

It is only right to thank your customers each time they complete a payment and more importantly, it helps you to maintain healthy relationships and interaction with them, thereby increasing their returns to your site.

9. An Opt-in Box

The use of personal data is a sensitive issue today-companies need to gain consumersโ€™ approval with regards to collection, storage, usage and distribution of their information. Using an individualโ€™s data without approval can put an organization in trouble. Hence, providing an โ€œopt-inโ€ box for users will allow them to indicate their consent and method of contact from the company or organization, thereby recording their decision.

10. Contact Us

Any business that strives to engage its target audience needs to have a feedback channel where those interested in the companyโ€™s services or business can contact the relevant people for more information. Sign up for a customized domain email address and phone number and make sure you attend to your calls and answer your emails promptly.

Contact for more www.pauldigitaltraining.com

Categories
HR Tech

Why Agile Leaders Need to Be Master Strategists and Three Ways to Get Started

Written by Chuen Chuen Yeo on Digilah (Tech Thought Leadership)

This article originally appeared as a Council Post on Forbes here.

Albert Einstein is often credited with saying, โ€œIf I had an hour to solve a problem, Iโ€™d spend 55 minutes thinking about the problem and five minutes thinking about solutions.โ€

For leaders today, that five minutes packs in even more activities โ€” communicate and create buy-in from key players, then assemble a capable team that will implement the actions decisively and effectively. In a bid to save time, some leaders jump straight to action without fully understanding the context, but a weak, flimsy, poorly constructed solution based on lopsided facts and warped logic almost never goes down well.

From technology disruption to climate change issues to the unwelcome COVID-19 crisis, leaders are now faced with a monumental task of transforming even more complex systems. And the clock is ticking.

If business leadership is a mathematical problem, the rules of engagement have changed. Corporate executives need to embark on a journey to re-understand business challenges and formulate solutions that can work in this new normal. And they must do so with agility.

Businesses require a strategy โ€” a leadership strategy that secures a ready supply of capable leaders โ€” should they wish to survive these tumultuous times. Armed with the right skills, capabilities and mindsets, these agile leaders can ensure that both the short- and long-term business needs are met.

The task of navigating complexities is one that all leaders need to undertake, and it requires people who can handle the cognitive complexity and draw on multiple frames of reference or intelligence at the same time as part of systems leadership.

The Traits of a Master Strategist

In my work as an executive coach, I often support leaders in becoming master strategists by challenging their thinking so they may formulate the best solutions (or assemble a team to do so), communicate with charisma and implement to perfection. We seldom arrive at well-designed solutions unless there is thorough contextual understanding, deep subject-matter-expertise, and clarity of thought. Over the years, I have observed that some corporate professionals do better than others in this area.

These are the traits that I have found are common among those who can call themselves โ€œmaster strategistsโ€:

1. They ask questions that elevate the quality of discussions and thinking.

2. Key stakeholders often welcome their opinions.

3. They are great storytellers, able to engage and inspire a wide range of audiences, draw them in and involve them in a compelling vision.

Some ask if strategic thinkers are born or developed. Everyone sits somewhere on the spectrum of strategic thinking so instead of asking โ€œDo I have it?โ€ leaders would benefit more if they instead ask, โ€œHow do I get better at it?โ€ To remain low on the spectrum of strategic thinking is unthinkable. A leader may have excellent communication skills and the resolve to follow through with bold actions, but the lack of substance โ€” strategy โ€” can be their downfall.

How To Become A Master Strategist?

Hereโ€™s the good news: With deliberate and consistent actions, leaders can quickly level up their cognitive abilities and be well on their way to becoming master strategists. Here are three actions that can help you.

1. Incorporate structured reflection into your daily routine.

In his book Sometimes You Winโ€”Sometimes You Learnleadership guru Dr. John C. Maxwell wrote, โ€œExperience isnโ€™t the best teacher, evaluated experience is.โ€

There are many learnings leaders can glean from daily experiences, but not having the discipline for regular reflection can mean you will miss them. Structured reflection helps you maximize your learning and experience, be it through daily readings, observations, or interactions. Reflecting in a structured way helps you analyse facts and processes and translate them into future hypotheses and actions. Reflection is a very powerful tool for continuous improvement. I recommend Kolbโ€™s Learning Cycle and Gibbโ€™s Reflective Cycle for this purpose. Both are very easy to implement and offer robust frameworks.

2. Think unconventionally, not automatically.

Thinking is such an automatic process that we often take it for granted. When we ask someone to think, what do we really mean? Given the world has changed so much and things we learn in formal education are often obsolete even before we graduate, we need to unlearn, relearn, and repeat.

Fortunately, there are many powerful thinking frameworks out there. You can tap into visible thinking routines or thinking frameworks to understand problems thoroughly. Paulโ€™s Wheel of Reasoning is a useful critical thinking framework that I have seen work wonders for my clients many times.

3. Understand the needs of others.

Master strategists are great storytellers. In every compelling vision, thereโ€™s a part that everyone can play โ€” they can see themselves in your story, hence the strong commitment. The question master strategists must address when communicating with others is, โ€œWhatโ€™s in it for me? Why should I care about this?โ€

You could begin by examining your audiencesโ€™ motivation, love language, mental models, strengths and more. Keep a lookout for what is important to them, and you will find a way to create the best story that onboards others.

The world as we know it now is different. The speed of digitalization has increased in the last few months in this new world created by the pandemic. As a leader, you must stay persistently curious and keep stretching your mind to learn, unlearn and relearn so that you may create the best master strategy.

For more articles on agile leadership click hereACESENCE

Categories
Logistic & Travel Tech

Evolution of Logistics in India

Written by Ranadeb Ray on Digilah (Tech Thought Leadership)

From the earlier times till today, logistics has become a vital part in the overall work process and because of the members involved in the Logistics department, all the work gets carried out smoothly.

In the beginning from 1950s onwards, there was a huge amount of work force available in this sector and due to Indiaโ€™s massive population, the different industries could expand their own respective businesses with the expansion of the Logistics department. Especially in the Manufacturing processes and in other factories, we could see many people working together on a manual basis and getting the work completed smoothly.

In my earlier organisation, I learned the entire work cycle by interacting with the different team members in the Logistics department. Each individual was assigned a particular task in getting the total work done and each one of them was doing their own part in this overall process. From the Logistics Manager to the Clerk, there were clear instructions and a hierarchy followed by each team member and every morning the entire Logistics department would assemble in the Meeting room and discuss the entire day`s schedule. There was a clear understanding between each team member and by the end of the day; some of these members would not even enter the office again. Another thing which I have observed is that there was no system in place to monitor each team members work done and still, the entire work was completed very smoothly. All the team members had respect for each other, and the senior management trusted them and gave them full freedom in completing the task for the organisation.

Now, in the present day and age, technology is advancing in a rapid state and most of the companies are accepting the new technologies in completing the said work and we are moving from large work forces to including machines in our everyday lives and, by including softwares in our everyday work.

At present, most of the organisations have many systems in place where each member logs in daily and completes the work.

From what I have observed, the work done in the Logistics department includes many team members who are constantly moving around from one place to another. It is not an office sitting job; majority of the team members are on the move throughout the day. Only the Logistics Manger is sitting in the office and updating the team`s daily movements to the senior management. But, if there are meetings to be attended in a client`s office, even the Logistics Manager would be on the move and attend the meetings and find out about the state of the ongoing project work.

In the future going forward 10 years from now, I can clearly see the reduction of the total work force and a huge dependence on the softwares to complete the work and also, the inclusion of Artificial Intelligence (AI) in doing the same work.

Although, improvement should always be welcome and the country should move forward and bring out better initiatives in completing any work, at some stage, we would miss the interaction and the hustle-bustle between the different colleagues in a particular department.

Categories
Law Tech

Law (Taxes and Trade) – The future is tech and trust

Written by Parul Vivek on Digilah (Tech Thought Leadership)

The cross-border trade and tax landscape globally has been undergoing exponential changes. With dynamic geopolitical situation, ever evolving regulations and introduction of new compliance requirements, increasing levels of enforcement is needed to achieve the multiple objectives of legitimate revenue collection, ease of doing business, trade facilitation, while ensuring hassle-free compliances. And technology is playing an enabling role to move from a more control-based tax and trade regime to a trust-based future.

Stewart Brand [i]once said โ€“ “Once a new technology rolls over you, if you’re not part of the steamroller, you are part of the road”. Hence, government authorities are proactively embracing advanced analytical technologies such as big data, data analytics, artificial intelligence, and machine learning as they see clear benefits with regard to increased transparency, risk management, fraud detection, trade facilitation, mutual co-operation and greater compliance. These trends are expected to increase as countries around the world continue to implement the Organization for Economic Co-operation and Development (OECD)โ€™s Action Plan on Base Erosion and Profit Shifting (BEPS) [ii]and its requirements for more transparency in corporate tax reporting. Further, there is an increased collaboration between various multilateral agencies/ governments across the globe in exchanging of information via IT equipped databases, automated tools, etc.

In India, the technology led regulatory reforms have played a positive role in the field of both direct and indirect taxes, including customs, as well as policy making. Implementation of the landmark Goods and Service Tax (GST) in 2017 is one of the biggest examples of such reform. The direct tax arena has also seen an early adoption of technology. Additionally, introduction of faceless assessments of import and export entries under customs, integration of courier and cargo systems under one national customs portal ICEGATE[iii] and may other such initiatives in the pipeline clearly demonstrate governmentโ€™s efforts and push towards digitization.

Even post the roll-out of GST, several forward-looking measures such as e-returns, e-registrations, e-way bills, e-invoicing, and QR codes, have been implemented by the government, which mark important milestones in Indiaโ€™s digitalization journey. As an outcome, India has witnessed an all-time high GST revenue collection from October 2020 onwards. In the recently released collection figures, the Finance Ministry revealed that the provisional net indirect tax collections [iv]for financial year FY2020โ€“21 recorded a growth of 12.3%; 108.2% of revised estimates of indirect taxes for FY2020โ€“21 has been achieved. This is a big win and testimony to the fact on how embracing technical tools can help achieve more legal compliance and revenue targets.

Another notable tech-based initiative by India Finance Ministry as part of its strategic commitment to improve global trade has been the conducting of national Time Release Study (TRS) [v]started in Aug 2019 and institutionalized on an annual basis.  It helps to diagnose existing and potential bottlenecks which act as barriers to the free flow of trade and take remedial actions for reducing the cargo release time at various Indian ports (sea ports, air cargo completes, inland container depots, etc.).

There is no doubt that technology and law have a complicated interrelationship. As a matter of fact, advancement in technology is almost always expected to outpace law making as seen recently with introduction of crypto currencies, electric vehicles, digital payment platforms, social media platforms, wherein the regulators worldwide are still struggling to define legal boundaries. But on the other hand, technology is helping in better implementation of law by giving more feedback to legislature. In addition, technology is redefining the legal field. Online research databases have replaced law books, digital contracts have replaced physical copies, and numerous other advancements are helping to simplify complex legal world. New technologies hold significant potential to support policymakers in law making, legal analysis and enforcement.  As Andy Grove [vi]once said โ€œTechnology will always win. You can delay technology by legal interference, but technology will flow around legal barriersโ€.

And as government authorities embrace digitalization, itโ€™s never been more important for individuals and companies to understand every detail of their online stories, both personal and professional (including those on Instagram too) ๐Ÿ˜Š.


[i] Stewart Brand is an American writer, best known as editor of the Whole Earth Catalog.

[ii] Base erosion and profit shifting (BEPS) refers to tax planning strategies used by multinational enterprises that exploit gaps and mismatches in tax rules to avoid paying taxes

[iii] Indian Customs EDI Gateway

[iv] Source: Published by Ministry of Finance April 2021

[v] The TRS is an internationally recognized tool advocated by World Customs Organization (WCO) to measure the efficiency and effectiveness of international trade flows. Read the latest at https://www.cbic.gov.in/resources/htdocs-cbec/implmntin-trade-facilitation/national-time-release-study-2022.pdf

[vi] Andrew Stephen Grove was a Hungarian-American businessman, engineer, and CEO of Intel Corporation.

Categories
HR Tech

โ€œFailureโ€, Innovation and Leadership

Written by Thakur Ajay on Digilah (Tech Thought Leadership)

Fear of Failure is a roadblock to success

Failure is an inevitable part of life, but SMART people know how to make it work for them. One of the biggest roadblocks to success is the fear of failure. Fear of failure is worse than failure itself because it stops you to a life of unrealised potential.

A successful response to failure is all you need.

When testing a new technology often founders and leaders fear failure. 

DONโ€™T fear failure

How can you avoid failure?

-Start Small

-Focus on the journey

-Educate yourself

-Trust yourself

-Ask for help

-Never be afraid of being called

Last but not the least keep referring to the below famous quotes by these legendry innovators and leaders and keep moving ahead:

A great leader is always aware of his ego. Because he believes in the words of Lao Tzu (a great Chinese philosopher) “knowing others is wisdom but knowing yourself is enlightenment”

He knows that the moment he gets aware of his ego he loses 99% of his enemies.

A great leader knows that his arrogance will be his downfall. A great leader knows that Socrates (father of the western philosophy) was right when he said

“The only true wisdom is in knowing that you know nothing”

A great leader knows that to be a great leader he must be a great listener. He knows that ability to listen with patience is a superpower. He knows that one should never listen to reply but always listen to understand. 

A great leader is a great follower. He believes in the wise words of Mark Twain (father of American Literature)

“When I was a boy of 14, my father was so ignorant I could hardly stand to have the old man around. But when I got to be 21, I was astonished at how much the old man had learned in 7 years”

A great leader respects everyone equally as he believes in the wise words of Albert Einstein (father of Modern Physics)

“I speak and respect everyone in the same way, whether he is the garbage man or the president of the University”

A great leader knows that Ideas are nothing and execution is everything. A great leader has a great vision. He knows that leadership is all about translating vision into reality. A great leader always promotes creativity and innovation because he believes in the words of Steve Jobs (founder of apple)

“Innovation is what distinguishes between a leader and a follower”

A great leader knows that his megalomania, narcissism and unscrupulous nature would be his downfall. A great leader believes in the words of Aristotle (father of political science)

“The more you know, the more you know you don’t know”

A great leader believes in constant learning because he knows that once you stop learning, you start dying. A great leader believes in Change as he believes in the Wise words of Winston Churchill (ex-Prime Minister of Great Britain)

“To improve is to change, to be perfect is to change often”

A Great Leader knows that mistakes are inevitable, failure is inevitable. He knows that only dead people can avoid making mistakes. He knows that insanity is doing the same thing over and over again and expecting different results.

A great leader never makes the same mistake twice and he knows that success is nothing but one’s ability to tolerate failure.

A great leader is a man of morals, values and ethics and he believes in the wise words of Warren Buffet (the most successful Investor of all time)

“It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about that you will do things differently.”

A great leader believes in simplicity and patience. He knows that nature doesn’t hurry and yet everything is accomplished.

As he believes in the wise words of Sir Isaac Newton (father of physics)

“Truth is ever to be found in simplicity and nature is pleased with simplicity and nature is no dummy”

A great leader doesn’t find faults or defects he is more interested in finding solutions.

Cheers ๐Ÿฅ‚