Tata,Infosys and Wipro to offer AI Platforms in business operations

Artificial-IntelligenceThe three IT giants are all set to invest in Artificial Intelligence platforms to improve delivery of solutions and drive faster growth from their clients. The companies are also trying to provide AI platforms separately to clients now which was earlier only a part of solutions.
All three companies are running their AI platform under specific trademarks. Tata consultancy services has Ignio, Wipro has HOLMS and Infosys has Nia. Out of the three only Ignio by TCS has an independent revenue of about 60 million. It’s been reported that TCS aims to drive this number to 100 million by the end of this financial year. Infosys Nia is being implemented across a wide range of already existing service lines.

According to analysts, Wipro’s HOLMS has already been applied to about 350 clients out of the company’s total of 1250 clients.
The automation platform and the AI system help in detecting abnormalities and defects and also in invoice processing.Artificial intelligence is now in use to provide solutions to difficult and complex business problems.

In one of the cases Infosys Nia launched CollectEdge to help banks and credit unions to conduct collection processes.It has been a close competition between the three platforms as Ignia appears to be better at execution while Nia has been having vague results. Wipro Holms has a strong technological infrastructure backing.But since the requirement for AI solutions is still low, the companies have to promote usage of the same.
Even though some parts of the platforms created by these companies are AI, much of it is still regulated on rules and instruction programming. “The Indian service providers are taking advantage of a key change in the market where IP is now becoming much more important and clients expect and reward service providers that bring some of their own IP to the table,” said Bendor-Samuel, CEO of an IT advisory firm.

With Wipro aiming to increase the use of HOLMES, Wipro CEO Abidali Neemuchwala in a recent interview said “Now, the person (Rohit Adlakha) who runs Wipro HOLMES is also my CIO, so there will be more deployment. Over 15% of the work is being done by bots in fixed price projects,” Even though it appears that Infosys has not officially divulged Nia’s independent revenue, Atul Soneja, the SVP and Global Head of Infosys Nia, said it was a revenue generating product with targets.

“Infosys Nia has been implemented at several Infosys client organizations to generate deep insights and discover new opportunities to optimize and automate complex business processes,” Soneja said.

Auto Sector Witnesses The Worst Crisis Since The Last 19 Years

AutomotiveAutomobile sales took a steep downturn in July after numbers took the worst hit in the last 19 years. According to experts, “the worst is yet to come in the auto sector”. This crisis has already resulted in the loss of more than 15000 jobs after 286 dealership outlets were forced to shut down in the last 18 months. There are many reasons for this downfall suggested by industry experts. Some of the reasons include consumer demand and liquidity issues as automakers are pushed to transition to newer technologies which makes their products more expensive. Another major reason being sighted is the crisis in Non Banking Financial Companies and the impending liquidity squeeze resulting in fall in consumer confidence.This is primarily affecting sales of passenger cars.

Two wheeler and three wheeler sales have also shown significant decline in July 2019. Sales are supposed to have dropped 19% according to data released by the Society of Indian Automobile Manufacturers on 13th august 2019.

The last biggest decline in domestic auto sales was recorded in December 2000, when the numbers fell by 22%.

On top of the ongoing crisis, the government has made it mandatory to upgrade all vehicles to meet the Bharat Stage VI emission norms latest by 2020. The cost requirement to upgrade these vehicles has increased manufacturing cost thus companies are also forced to sell at a higher price to the end consumers. It was observed, by a senior employee of one of the vehicle manufacturing companies that a recovery from a cyclical downturn is possible later on a discount push that stems from rising inventories. But this time due to the compulsory upgradation norm, this also won’t be possible.

Two major examples can be seen in car manufacturing giant Maruti Suzuki and two wheeler manufacturer India Yamaha motors. These two companies have launched some vehicles with the BS VI emission upgrade, causing a difference of almost 10- 15 % in price as compared to non upgraded variants. Maruti found out this was especially true for its diesel vehicles, owing to which it has shut down the manufacture of diesel vehicles from April 2020.

Another hurdle awaiting the two and three wheeler industries is the expected compulsion to convert all fuel run vehicles to battery powered engines by 2023.The proposal was called “ill timed” by Bajaj Auto’s Managing Director Rajiv Bajaj.

One more reason stated is the failure of consumer interest to convert into purchase. The latest trends show better numbers in the sales of the used cars industry than the new cars.The sales in used cars industry has overtaken the new cars at 4lakh more sales last year in 2018.

Our feedback is that customers are not coming into the showroom and whoever is coming, is taking a long time to convert to a sale. This downturn is not purely cyclical because cycles don’t last this long and something else also has failed. The costs have gone up and the incentive for a consumer is low and there is a need for external intervention to kickstart the growth cycle,” Vishnu Mathur, SiAM Director General said. 

Even truck sales have suffered due to the new axle load norms issued by the government. After the issue of this norm, sale of commercial vehicle has also gone down.In response to the depression in sales, Ashok Leyland closed its pantnagar unit for a few days hoping it will have a positive effect on production. 

Ambani announces commencement of Jio GigaFiber offering unbelievable speeds upto 1 Gbps

Reliance Jio GigaFiberReliance Jio chairman Mukesh Ambani, has finally announced the commencement of ultra high speed internet broadband JioFibre from 5th September, 2019. JioFibre is expected to range between speeds of 100mbps to 1gbps through landline broadband connection. Ambani made this announcement at this year’s Annual General Meeting.

Along with the broadband service Jio will also provide a 4k set top box free. To make the offer even more tempting, Jio is giving away free HD or 4K LED TVs free as part of the welcome offer to annual subscribers.

As part of his speech, in last year’s AGM, it was announced that Jio would be accepting pre registrations for jio fibre from Indan households. It received 15 million registrations for residences from 1600 towns. One the basis of this Jio plans to launch the service for 20 million homes.Jio has performed many trials last year and expects to complete the fibre to home rollout in the next 12 months. The Infocomm giant expects to raise its revenue starting from this year onwards. Though this has not come at a small cost to the company. Jio invested 3.5 lakh crore building infrastructure and laying of optic fibre. Along with this Riliance seems set on its path to become a zero net debt company in the next 18 months, says RIL chairman and managing director Mukesh Ambani.  

The landline phone can be used to make voice as well as video calls for free.As part of the bundle of OTT apps that Jio is providing along with the JioFibre connection, voice calls from the landline to any other mobile or landline will be possible absolutely free of cost for life. Video calls using the set top box and the TV screen will also be available as long as the TV is connected to a webcam.

The speculated tariff plan range has also been released.The plans for JioFibre are going to start from Rs 700 and, depending on the services included,may go upto Rs 10,000.An all inclusive plan will also include watching movies as soon as they are released. Jio will allow users to enjoy premium movies on their JioFibre TV screens at the same time as they are released in theatres. This feature will not be available immediately but is expected to start from mid of next year in 2020.

The day JioFire is set to commercially commence also happens to be Jio’s 3rd anniversary. 

Why Chatbot Surveys Are The Future Of Market Research?

ChatbotBe it education, healthcare, food, or even travel or communication, the use of AI chatbot is spread in several sectors. Many industries put efficient use of chatbots to answer simple queries. Chatbots are being viewed as a great source of medium to understand the consumer. It is considered to be highly useful for the marketing teams as they can improve the brand or product based on Chatbot interactions with consumers.

Chatbots can help increase sales and have a better potential for the company’s growth. Since there’s a lot of information getting shared on various online platforms, these are also used for chatting with one another instead of texts and messages. 

Large companies typically design smart chatbots to eliminate human errors and to effectively put forward the company’s exclusive features in front of consumers. 

For example, MYRA the smart chatbot introduced one of the largest financial organizations in India, ICICI is robotic assistance which can solve your queries throughout the day. The product made it to the news when it sold more than 6 lakhs insurance policies to customers. This was something that the robot did part from assisting the regular customers of the bank. 

As per recent market research, chatbots collect data through their chats with customers. By solving the regular queries of customers, a smart chatbot can help you understand the loopholes in your marketing or services. It essentially helps you have a SWOT analysis of your services and the company. 

Not only is the method cost-effective, but, it is also revenue-generating for several companies. With detailed feedback of the consumers, the company can minimize inefficiency level while improving the quality of product and services offered to the customers. In this case, Amazon’s Alexa is a common example given in the smart Chatbot industry. 

Since it can communicate with hundreds and thousands of customers at once, a smart Chatbot single-handedly answers different queries of consumers and help deliver success. It will be exciting to see the research and development projects in the field of data science are helping the Chatbots industry to take it the next level in the market.  

 

7 Global Water Treatment Companies to Watch

Many of the top tier water treatment Companies provide chemicals and equipment, on the other hand, others make a niche for their provisions. As per recent water treatment market research, the following are the organizations which you should watch out for in 2019. 

Danaher: 

It’s a multinational firm providing chemicals and water equipment globally. Conventional water filtration equipment, various UV disinfection products, membrane systems, etc. are some of the offerings of the company. Danaher happens to be one of the important market contributors to water instrumentation and services. 

DuPont: 

It is another key player in the water treatment market. The organization offers equipment and chemicals both including membrane systems and biocides. The company took over Dow Chemical Company’s operations for water treatment chemicals in 2019. 

Ecolab: 

Ecolab is one of the largest global water treatment companies. It supplies hygiene and sanitation service, chemicals, equipment, and several other advanced water treatments. Disinfection equipment and conventional filtration are some of the key products of the company. 

Evoqua Water Technologies: 

Evoqua Water Technologies ranks in the top five manufacturers of water treatment equipment. It has a dominant global presence majorly in the regions such as China, Europe, the US among the rest. 

Kemira: 

It is a public Finnish Firm which is known for its chemical products for the applications in the water treatments. The company offers its services to regions such as North America, Middle-east and Europe. 

Kurita Water Industries: 

It is a Japanese firm of chemicals and water treatment equipment. The organization is popular for its brands such as Osmotech, Ferrolix, Ferrodor, Corrasave, Cetamine and Aktiphos.

Parker-Hannifin: 

With its selective range of water treatment products and services, Parker-Hannifin happens to be focused on filtration production through domnick hunter process filtration division, the Parker Village Marine division. The company is otherwise famous for its motion control products in the space, marine, aviation, industrial and automobile sectors. 

The aforementioned companies are some of the global market giants that are making the water treatment industry a competitive landscape. With their constant research and development projects, the companies always make it to the upcoming trends in the global industry.  

The increased elderly number to power Nursing Care Market

nursing careThe age of 65 has grown from below 450 million to 550 million viewing an increase of 33%. The growing age population is said to be the key driving factor for the development of global nursing care industry. To support the statement, recent market research report suggests that the global nursing care market is projected to grow more than $1,100 billion at 8.6% annual rate.

Elderly people are the ones who typically need the nursing care and hence this significantly boosts the market growth during this period.

What is driving growth for nursing care services?

Introducing robots in care homes has shown the potential of preventing loneliness in residents. They primarily help to nurse aged people while also acting as humanoid companions. Since the AI-powered robots are made to understand what an old person can need, it enables them to converse with such people.

This additionally helps workers who cannot be present with the elderly person all the time. In the technology market, AI & robotic research is gaining a lot of traction with its potential to help in home care areas. This projects future market growth in the industry.

Restrains in nursing care services:

Though robotic technology can potentially help nursing care market, there are threats of home healthcare entities falling into insolvency. This has made it a primary restraint in nursing care services.

Be it rise in the wages of healthcare professionals, increasing charges or even budget constraints, the financial pressure caused due to such factors is becoming the major reasons why healthcare organizations are failing to insolvency. The situation may continue causing hindrance to industrial growth.

Key market players:

There isn’t any global brand as yet that could show power over the global nursing market which is spread and disintegrated into various regions. That being said, the following market players are among those few who make the global market slightly competitive.

Genesis Healthcare

The Ensign Group Inc

Kaiser Permanente

Kindred Healthcare, LLC

Brookdale Senior Living

The nursing care market had topped the list of the large segment in 2018 which contributed 43% of the market. Home healthcare providers stood second after nursing care facilities attributed to a large number of patients. This also gives the market entrants opportunities to grow and stand out amidst the rest.

 

Market research ideas which help Businesses thrive

Market research is a definitive collection and analysis of information. This has been put forward with a lot of consumers and competitors taken into context. Marketing programs are also made effective with the right market research techniques.

For any startup market research is a crucial element. The usefulness mostly resides in the profit generation of established businesses. The accurate information put forward by a market place, allows target customers to know about the business. Further, these market research reports also befriend a competitive environment and marketing plan.

So why do business owners leverage on market research ideas to manipulate the statistics?

Determining the future feasibility

Market research has always been an essential component in a startup business. The profound approach put forward by them gives the business a thriving ground to showcase the platform. This, on the other hand, put a good demand for product and services to get fulfilled from the customer domain.

Testing the interests of new products

The interest in new products and services respond well to customer needs. But that needs to get developed and expand amid the new ones. The ideas of a market research domain do help in the expansion of new services to customer demand. They substantially help the rising customer to see what products are being sold in the current approach of new companies.

Monitoring industry and Economics

A variety of researches help in monitoring industry trends. When industry trends are monitored, they give more inclination to economic divisions. Altogether the economic trends help in the growth of a newly launched business adapt to the changing environment.

Conducting market research itself takes a more tedious process than one can barely know.

The trials and studies- Samples of new products are always provided to customers while setting and gauging responses. Customer feedback remains an important aspect in making a variety of changes which is required for optimal pricing. These trials further suit the business needs and food services which can result in disposing new items to the market.

Product trials or usability studies – Providing samples of new products to customers in a live setting and gauging the response can be very effective. Direct customer feedback can be used to make changes to the product or determine optimal pricing. Product trials are ideally suited for businesses like food service establishments that wish to test new menu items.

Organized and Focus groups- The organized sessions with a group of people give an analysis of Q and A session. These take place within a moderator. Focus groups have the ability to collect much potential information which is thereby difficult in organizing. They also have an expensive method of various market research needed for small businesses. These groups are increasingly being popular in the online domain.

 

 

With a prospect of the electric car, India faces a major drawback on the process

Pollution has been long an issue of the Indian population, as well as global. Indian manifestos are largely affected as well as with those of temple building and farmer incomes in recent domains. India e-car market, Electric vehicle market, seems to draw a lot of opportunities from this domain due to the rising threat to the pollution.

Politicians, as well as businessmen, cannot surpass the issue of pollution. The life expectancy is largely reduced in the current century and mostly affected in areas of New Delhi. This has been going on for more than a decade now.

The government plans to address the issue for a three-year subsidy plan involving the electric vehicles. The India e-vehicle market which has been termed to around 1.5 Billion dollars are above 10 times large in market size, as compared to the previous plans. Flaws, when looked into this domain, are minimal but one such has been mostly hampering the commitment in putting the clean vehicle on the roads. The reason! It can largely lead to the theft of electricity on a large scale.

India has been dominantly housing to over a million two-wheelers and rickshaw. This is by far more than that of the number of electric cars been produced in China. With this, the sales of much small electric vehicles to continue to rise according to market research reports.

Largely, in the absence of charging infrastructure, most of the drivers have been shipping powers illegally. As a result, only about 10 percent of the subsidy program has been allocated to the charging stations of these vehicles.

About a quarter of the power that has been generated in India has been either stolen or kept for various purposes in the loss of transmission. This has been purposed mostly by the figures that are cited by the local media by the mid-2018. Due to this the power sector has been losing for about more than 15 Billion dollars a year for the theft. This is largely more than any other country globally.

The power that has been stolen costs more than 20Billion dollar a year. This is taken into account for Delhi alone. Further, there are around more than lakhs of such vehicles which go on Delhi’s roads, although just a quarter has been registered. The state electricity loss has been accounted to more than 70 percent in recent years, starting from 2017.

 

 

The importance of Market research and strategic decisions

In the current shape-shifting business landscape, an ability for making effective data-driven decisions are being crucial for a number of essential market research  operations.

Decisions are plenty and in every scenario, there are ample of opportunities for making a change. A Managing director who has to make a large acquisition is to take a strategic decision. On the other hand, product developers, as well as management consultants, are also relying on such decisions. These people are having a loophole of experiences and get instincts which can affect the thinking and planning in the future. As a need, they should fairly incorporate the high-quality data structure and analysis into the decision-making process. This can help them understand the bigger picture and also persuade the stakeholders, further backing up conclusions.

What can be greatly noticed from the examples is risk has been an important aspect. A simple wrong moment can lead to very severer consequences, affecting the individual’s career and further the sustenance of a company. The competition in today’s time has been greatly fierce and the margin for an error is quite thin, so any faulty assumptions can be detrimental in the overall process.

Since the start of the millennium, most of the big companies which have been in the Fortune list of 500 have been either slashed, merged or worse, got bankrupt. The generation of further enhanced companies has been showing up with creating a unique shift of business strategies for a better tomorrow.

While predicting and forecasting can help at the time, it’s not always the best option. As the existing businesses and scopes can largely be either under predicted or overestimated. Certain acquisition of data and quality assessments have to be going on to leverage the ideas on the companies and identify major potholes. These potholes prove fatal in customer satisfaction rates. Therefore, the essential factor should incorporate a stringent analysis further in driving decision-making and get it done in a timely manner. This can be done by market research companies, acting as third party assistance which protects the companies in many ways.

 

 

Blockchain development ensures the safety of Data

blockchainBlockchain Development Security has taken up a crucial place in the modification of security measures. As a result, more and more companies are adapting to the broader security technology measures.

The blockchain based security has been a remarkable thing in recent times, which most of the blockchain development companies have paid to witness most. The information gathered on blockchain is continually stored separate, within every network which it gets connected to.

For instance, if anyone wants to alter any part of the code, say for example a hacker, one single change cannot trigger mass changes. The system must be individually enhanced. Further, most exchanges and data are coded and encrypted. All of these make the use of blockchain a safer option in protecting mass data, as it does not store more data at a single point of source.

Below processes help in making Blockchain a remarkable aspect for security purpose.

Decentralizing:

Blockchain helps in the creation of many series of computer network chains, which is a loop is a peer to peer network domains, which is difficult in influencing or even exploiting. This is a massive ledger of encrypted information, which is further made available to many parties who wish to get involved.

Transparency

In response to peer connectivity, most of the information of blockchain has been readily verified. This means that once the transaction begins to take place, the digital ledger confirms many details within minutes and ensures the data is available for viewing in connected networks. The data is in sense made public in the fact that it has been embedded within the network domain.

 Encryption Process

The data is encrypted makes block chain security more enhanced. The network participants who are involved have specific keys which play the unique role of the digital signature. Further, the alteration can render the signature invalid and it also sends the notification to the party involved. Thus, alerts are issues at earliest before a major threat is made.

Peers and Networks:

Every network participant on overall gains voluntary membership with no adequate pressure to joining. This is incentivized in terms of chance to win bitcoins. Therefore, in simple terms, every network is a manager in the blockchain ledger. Further, they help in verifying the data and receive a digital copy of block chain. This is made as soon one joins the program