Digital Technology to Make the World a Better Place

Digital Technology to Make the World a Better Place

Digital Technology to Make the World a Better Place

Digital technology has introduced amazing innovations and power to solve some of the hardest problems. The ridesharing, room booking, & messaging apps are some of the things that have changed our modern lives.

The digital technology refers to the internet, mobile phones and the tools used for collecting, storing, analysing and sharing information digitally.

But can digital technology make the world a better place? Can technology be used to solve the toughest problems facing mankind, e.g. reducing poverty, providing basic healthcare, food and water supply etc?

Oxford Economics & Dentsu Aegis Network teamed up & published a study on how digital technology can solve the biggest problems of our times. According to the report, 42% respondents from 10 countries agree that digital technology can alleviate and solve problems.

10-countries-agree-that-digital-technology

Interestingly, China tops the list with an overwhelming 71% who believe in the power of digital technology. The countries were ranked considering three dimensions of the digital economy:

  1. Dynamism: The extent to which economies are driving growth with Information & Communications Technology sector(Value addition).
  2. Inclusion:  How well economies are sharing prosperity by widespread access of digital economy (Access to infrastructure, digital skills and jobs).
  3. Trust: The extent to which right enablers are in place for driving digital growth (Privacy, Security and belief in digital economy)

The study indicates that overall optimism about digital technologies can be improved once the apprehensions relating to trust, privacy and security are addressed. The policy makers can be use the digital technology to increase their outreach and make government services easily accessible through convenient means.

Companies like Google, Apple, Amazon are prime examples of the impact technology has today in our world. There are several other start-ups and technology companies that are cruising on their way to be global empires. The speed and reach of their growth is phenomenal.

The digital technology gives companies an ability to connect with people around the planet instantly. Never before was this possible. How the digital technology can make people happier and solve their biggest problems remains a key challenge for leaders.

A good digital infrastructure can empower people in a country. Many of these people benefit from economic growth, world class learning & opportunities to excel. Consider for e.g. room sharing platforms provide people with an opportunity to augment their income by renting their spare rooms. Ridesharing apps are creating alternate incomes for retired people who are working as drivers.

Many young start-ups are leveraging the digital technologies to innovate and solve problems that may not have been possible in yesteryears. The ecommerce and entertainment platforms are also growing avenues for digital economies.

Here we look at how digital technology can help the world solve some of the major problems:

1. Learning, Education & Empowerment:

Learning,-Education-&-Empowerment

 Imagine that your laptop or mobile device has access to the best teachers, leaders and educational resources from around the world. It doesn’t matter what you want to learn, there is incredible stuff out there on internet.

Digital technology has reached even in the remotest places, where you cannot find teachers. The learning and education is empowering people to join the global revolution of digital innovation and change.  

The learning and education imparts the necessary skills for creating economic value for people. The people can grow their in proportion to their skills and learning.

2. Government Services:

The digital economy can practically be used for delivering all the important citizen services with convenience, ease and transparency. Whether it is the healthcare services, transportation or schemes benefits, the government can use the digital technology for last mile delivery.

The citizen participation, interaction and inputs can be taken through the use of digital platforms. The government can ensure safety, security and well being of its citizens through the use of digital technology.

3. Reducing Inequality:

Reducing Inequality

Technology can be very helpful in mitigating lot of inequalities that exist in the world. Technology is a great enabler in giving equal opportunities to everyone. There is no discrimination or bias with technology.

Digital technology can reduce inequality by empowering people for learning, earning and shaping their lives by the choices they make. There are no barriers to growth in the world of technology. Digital technology can be used for building systems to reach the last man and serve his needs.

The Big Takeway from MP Elections for Politicians

 MP Elections for Politicians

While the election results generated tremendous interest and excitement. The common perception is that it does not matter which party wins the elections, the public always loses them.

The wait is now over. The results are finally out. The public in MP is happy, not for electing Congress, but for rejecting the BJP. The BJP governed the state since 2003 and even till last year no one would have believed that it will be voted out of power in 2018.

The MP elections are over and thank God for that. The counting seemed to go on for eternity; it wasn’t for the faint of heart. The nail biting finish to exciting and closely contested election comes to an end. Congress would form the government in the state.

MP Chief Minister Shivraj Singh Chouhan

The MP Chief Minister Shivraj Singh Chouhan conceded defeat and resigned from his post earlier today. Despite anti incumbency and ruling the state for 15 consecutive years, Shivraj Chouhan almost managed an improbable fourth term. He remains one of the most popular leaders in the state ever and remained graceful in his defeat congratulating Kamal Nath for victory.

The Congress state president Kamal Nath met the governor of the state Anandiben Patel to stake a claim for forming the government. Ever since Kamal Nath took over the reigns of the state congress, he galvanised them into a united force and eventually led Congress to victory.

Jyotiraditya Scindia, Digvijay Singh and Vivek Tankha were the other Congress leaders who accompanied Kamal Nath to meet the governor. The Congress party won 114 seats, received support from BSP, with 2, 1 from SP & 4 seats from independent candidates. The total tally of Congress and its allies is 121 seats.

Sources from the Congress party confirmed that Kamal Nath is the front runner for the Chief Minister’s position in MP.

Congress party

Jyotiraditya Scindia who is in the reckoning for the CM position said that he will accept the party’s decision on the CM candidate. He took a dig at the BJP saying “The BJP has not been able to cross 200 seats in all five states taken together. They had claimed they would cross 200 in MP alone. I would request the BJP to shed their arrogance and come down to the ground.”

BJP state president, Rakesh Singh had earlier dismissed the exit polls, which had indicated BJP’s defeat in the state. He also tweeted after declaration of the results that BJP has the majority and they will be meeting the governor to form the government. It later turned out to be a faux pas.

The BJP suffered defeat and lost 56 seats from 2013, where it won 165 seats in the assembly. As many as 13 ministers lost the election this time, which should be reason enough for the party to review and introspect on what went wrong.

The public voted against BJP, the Congress certainly didn’t do enough to cash in on the anti incumbency. The Congress on its own won 114 seats out of 130, which is not bad. But considering that the BJP government had already ruled for the last 15 years & public sentiment was against them. The Congress could have done better.

Jyotiraditya Scindia

While the elections are over, it is important for politicians to realise that the state needs strong leadership to steer the state on the path of development. There are gruelling challenges ahead of the next state government. The quality of primary education, farmer issues, employment, growth of business and self employment opportunities are just a few to name.

The big takeaway from the elections is that no one is over and above the common man. You can have all the power in the world, but democracy rules the roost and can turn the tables quicker than you can imagine. Stay grounded and in touch with people who elect you as their representatives. Public service is not for exclusivity, but in striving for the common good.

With 2019 elections round the corner, the politicians should take note that the public favours no one, but those who take care of them and they should not take the common man for granted.

The mandate makes it clear you cannot sell dreams and fake promises anymore. The public wants accountability, execution and development not rhetoric and marketing.

27 Inspirational Quotes to Push Yourself & Improve Everyday

 Inspirational Quotes

There are two kinds of people in the world those who complain & others who find solutions. The people who complain accept things as they are and rarely do anything about them. But the people who find solutions improve things around them. People who find solutions are always in demand, they learn and work hard to improve themselves.

The art of pushing yourself and improving everyday is a great habit. It helps you to be successful in your life and also make meaningful contributions wherever you are. Those who rise to the top are not necessarily the most gifted, but more often than not they are the ones who improve themselves relentlessly, work hard and achieve success. Here are some inspirational quotes to inspire you to push yourself and improve everyday.

1. “Before anything else, preparation is the key to success.”

 Alexander Graham Bell

2. “Patience, persistence and perspiration make an unbeatable combination for success.”

Napoleon Hill

Napoleon-Hill

3. “Stop chasing the money and start chasing the passion.”

  Tony Hsieh

4. “All progress takes place outside the comfort zone.”

  Michael John Bobak

Michael-John-Bobak

5. “Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don’t quit.”

 Conrad Hilton

6. “Fall seven times and stand up eight.”

  Japanese Proverb

Japanese-Proverb

7. “If you are not willing to risk the usual, you will have to settle for the ordinary.”

 Jim Rohn

8. “No great achiever – even those who made it seem easy – ever succeeded without hard work.”

 Jonathan Sacks

Jonathan-Sacks

9. “The only thing that overcomes hard luck is hard work.”

 Harry Golden

10. “You were hired because you met expectations, you will be promoted if you can exceed them.”

  Saji Ijiyemi

Saji-Ijiyemi

11. “One important key to success is self-confidence. An important key to self-confidence is preparation.”

    Arthur Ashe

12. “The way to develop self-confidence is to do the thing you fear and get a record of successful experiences behind you.”

 William Jennings Bryan

William-Jennings-Bryan

13. “If you hear a voice within you say ‘you cannot paint,’ then by all means paint, and that voice will be silenced.”

   Vincent Van Gogh

14. “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.”

   Ralph Waldo Emerson

Ralph-Waldo-Emerson

15. “Confidence comes not from always being right but from not fearing to be wrong.”

   Peter T. Mcintyre

16. “Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence.”

 Helen Keller

Helen-Keller

17. “Pride is holding your head up when everyone around you has theirs bowed. Courage is what makes you do it.”

 Bryce Courtenay

18. “Never give up. There are always tough times, regardless of what you do in anything in life. Be able to push through those times and maintain your ultimate goal.”

 Nathan Chen

Nathan-Chen

19. “You cannot push any one up a ladder unless he be willing to climb a little himself.”

  Andrew Carnegie

20. “Never set limits, go after your dreams, don’t be afraid to push the boundaries. And laugh a lot – it’s good for you!”

 Paula Radcliffe

Paula-Radcliffe

21. “Push yourself again and again. Don’t give an inch until the final buzzer sounds.”

   Larry Bird

22. “If you don’t really have a dream, you can’t really push yourself; you don’t really know what the target is.”

   MS Dhoni

MS-Dhoni

23. “Invest in a trainer. You see the progress so quickly, and you push yourself in new ways.”

   Camila Mendes

24. “Never assume you can’t do something. Push yourself to redefine the boundaries.”

 Brian Chesky

Brian-Chesky

25. “Self-knowledge is the beginning of self-improvement.”

   Baltasar Gracian

26. “Change equals self-improvement. Push yourself to places you haven’t been before.”

  Pat Summitt

Pat-Summitt

27. “When we strive to become better than we are, everything around us becomes better too.”

 Paulo Coelho

5 Great Things about Working in a Start-Up

working-with-start-up

When you are in a start-up, you need to absorb pressure and deliver the goods. No excuses, no tantrums. You need to be at the top of your game consistently. It’s not easy, but certainly worth it.

The digital world has changed many things in our world. But this is just the start of the disruption tsunami; there will be many more changes that radically transform industries.

So, as someone who is building his career, the most important thing you need to learn is adaptability. People who are happy with what they know become outdated very soon. But start-ups give a unique opportunity for professionals to hone and sharpen their skills.

Here we look at what makes working in a start-up invaluable:

1. Unleash Creativity:

Unleash Creativity

Start-ups don’t succeed doing the regular and the mundane stuff. You are typically working on some innovative aspect of building a product or service. You need to be creative and resourceful.

A start-up gives you ample opportunity to be creative. You get to work on building end to end solutions and also get noticed in the process. A multinational job might not offer so many opportunities for creativity like a start-up.

If you love your job and are creative, start-up can be a heaven for you.

2.  Find Solutions to Complex Problems:

You spend most of your time solving complex problems in a start-up. Your attitude is geared towards finding solutions, not complaining. It makes a world of difference. When you know, you cant get away by making excuses, you have to find a way to find the solutions.

The best start-up employees learn the art of focusing their energies on solving problems. They become solution centric and this attitude helps them become successful.

The time spent solving complex problem shapes their thinking, builds their skill and makes them lucrative for business.

 3.  Your Efforts & Work define Your Success:

Your Efforts & Work define Your Success

There is a law of cause and effect at work in a start-up. It is quite apparent; the quality of your efforts and work directly affects your success.

There is no hiding place in a start-up. You have to give it your best shot. When you are giving your best at what you do, you have the best chance of succeeding. You push yourself and constantly strive to do better.

A start-up career prepares you for taking the toughest challenges head on. It helps you build capabilities that are required for you to be successful.

4.  Amazing Learning:

Constant learning is the first step towards preparing for the future. We no longer live in a world where what you learn in college is relevant to your future. It gets outdated even before you pass out.

A start-up gives you learning opportunities like no other place. There will be constant changes, innovations and tough deadlines.

You learn to handle different aspects of life working in a start-up and at the same time you build a tremendous knowledge base by experimentation & doing things.

5. Work Ethic for Long term future

Work Ethic for Long term future

Start-ups also prepare you for the long run. There is no easy day in a start-up. You need to constantly learn, adapt and deliver. No ifs and buts.

This shapes you as a top professional. You learn to get things done. You are also well equipped to handle shifting priorities, new challenges and even acquire new skills to rebuild your career completely.

In the age, where technology and automation will take over jobs, only people who have a strong work ethic will survive. A start-up work culture prepares you to handle uncertainties, apply yourself and build a long term career.

Not all is Rosy

Not everything is rosy about what working in a start-up. As long as you’re determined and enjoy your work, you can make the most of the start-up environment.

Most of your efforts will end up as failures, you will have to work really hard & stress will be a companion for most of your journey. But this is the breeding ground for greater things for those who believe in what they are doing.

The hardwork and the efforts you put into creating things is your karma. Believe in your sincere efforts and give your best day in day out. When you stay committed and unwavering in your work, you attract great opportunities and build something magnificent in a start-up.

Roads or Temple

Roads or Temple

There has been a 50% increase in accidental deaths due to potholes on roads in the country. Who is to blame? The common man doesnt want temples or mosques, but proper roads first.

HCL Announces Acquisition of Select IBM Software Products for $1.8 billion

HCL

In a regulatory filing HCL Technologies Ltd., an Indian MNC founded  by billionaire Shiv Nadar’s family, has announced acquisition of several IBM software products for $1.8 billion.

The all cash deal is the biggest acquisition ever by HCL and among the biggest in the technology industry. HCL will borrow $300 million to fund the deal, which is expected to close around mid 2019.

Shiv Nadar

HCL further mentioned that the seven software products are in the areas of marketing, security, & collaboration solutions. The purchase includes IBM Connections that enables streaming from social networks, document authorization, blogging, bookmarking, reporting expenses and reviewing emails etc for enterprises.

The software products represent a total addressable market of more than USD 50 billion, HCL said in the filing. Apart from Connections, the other IBM software products bought by HCL include Appscan for Secure application development, BigFix for Secure device management, Unica for marketing campaigns, Commerce for ecommerce development, Portal for digital experience, Notes & Domino for email & rapid application development.

BigFix

The market’s initial response hasn’t been buoyant for HCL. The HCL shares slid 5 percent at the close of the day at BSE Sensex. Some investors questioned the price tag and the return potential of IBM assets which were acquired by HCL.

However, C. Vijayakumar , CEO HCL, remarked, “The deal will help HCL acquire 5,000 customers, a task that would have otherwise taken two decades.”

“It’s a mix of products, some of them are cash cows and some of them will keep growing,” Vijayakumar said. “Some of the products will need some infusion of fresh life to allow them to grow faster.”

As per a market analyst, “Post this deal, the IP business will contribute roughly 20 percent to HCL’s revenue from the current 12 percent.”

The software products are highly scalable and a lucrative investment opportunity for technology firms. The profits from HCL will be invested to buy the IBM software products. The intellectual property and software assets are breeding ground for investors.

HCL with its proven expertise in IT services, consulting and implementation will be looking to make the most of this acquisition. With the push for software products and services on the cloud, scaling up to serve a global market has become more feasible than ever before.

The acquisition of IBM assets also augurs well for the Indian software products and services market. The software industry in India is growing at a rapid clip, despite many predictions of its growth stalling. The traditional services companies are reinventing themselves with digital capabilities.

IBM

The software revenues touched $160 billion in 2017-18 and will continue to grow at 8-9% according to NASSCOM. The Indian software industry is expected to achieve a revenue target of USD 350 billion by 2025 as per NASSCOM.

The HCL acquisition is a reflection of the growing clout of software products business in India. The software services companies in India are also looking at software products and digital business opportunities as the next growth frontier. The Indian software industry offers an unmatched value proposition & would be expected to continue on its growth trajectory.

The era of digital businesses is putting pressure on traditional IT services companies. So, they are looking at good software & digital products for diversifying their business. The digital products are typically SaaS products accessed by customers over internet, which provide scalable and fast growing business opportunities for companies.