Technology and Innovation News Updates

Watch संडे का गुडलक- मेन गेट पर बांधे ये चीज, तुरंत होगा पारिवारिक झगड़ों का अंत (5 Nov) - News/Politics Video Uploaded by - PunjabKesari TV (video id - 748555)

Monday, November 6 2017

Watch संडे का गुडलक- मेन गेट पर बांधे ये चीज, तुरंत होगा पारिवारिक झगड़ों का अंत (5 Nov) - News/Politics Video Uploaded by - PunjabKesari TV (video id - 748555)

Duration : 03:32 Description: On the day of Karthigai Deepam; astrologer of Punjab Kesari group Acharya Kamal Nandlal will tell you about krittika nakshatra and its connection with lord shiva. On Karthigai Deepam, worship of Lord shiva gives blessings on family life. In today's episode of Aaj Ka Good Luck Acharya Kamal Nandlal will tell you how will you get freedom from family quarrels, liberation from marital conflict, how to get good family life.Watch संडे का गुडलक- मेन गेट पर बांधे ये चीज, तुरंत होगा पारिवारिक झगड़ों का अंत (5 Nov) With HD Quality TAGS:

Watch भविष्यफल- शुक्र-गुरु ने सूर्य को रखा है जकड़, किस राशि की बढ़ेगी आर्थिक पकड़ (5 Nov) - News/Politics Video Uploaded by - PunjabKesari TV (video id - 748556)

Monday, November 6 2017

Watch भविष्यफल- शुक्र-गुरु ने सूर्य को रखा है जकड़, किस राशि की बढ़ेगी आर्थिक पकड़ (5 Nov) - News/Politics Video Uploaded by - PunjabKesari TV (video id - 748556)

Duration : 03:59 Description: astrologer of Punjab Kesari group Acharya Kamal Nandlal will tell you the Horoscope of Today 05.11.17 Sunday. In today's episode of bhavishyavani live Acharya Kamal Nandlal will tell you; about astrology of following horoscope today, daily horoscope, astrology, astrology today, rashifal, aaj ka rashifal, rashifal in hindi, shubh muhurat, aaj ka upay, aaj ka lucky number, lucky direction, aaj ka panchang, sunday horoscope, surya mantraWatch भविष्यफल- शुक्र-गुरु ने सूर्य को रखा है जकड़, किस राशि की बढ़ेगी आर्थिक पकड़ (5 Nov) With HD Quality TAGS:

Watch Tutak Tutak Tutiyan Scene - Best of #JSLive | Best Comedy Scenes | Punjabi Funny Comedy Scenes 2017 - Funny Video Uploaded by - Rolling Frames Entertainment (video id - 748597)

Monday, November 6 2017

Watch Tutak Tutak Tutiyan Scene - Best of #JSLive | Best Comedy Scenes | Punjabi Funny Comedy Scenes 2017 - Funny Video Uploaded by - Rolling Frames Entertainment (video id - 748597)

#JSLive : https://youtu.be/7tQIh1cKCto About #JSLive #JSLive, the hilariously sporting Jagdeep Singh Lamba's story and his obsession for going live every moment for the love he shares for finding a reason to go live to talk to his online friends in a world of self-created stardom. On going live, everyone feels like a star, most desired, most asked for, most interactive and views and the number of comments add more to strengthen the belief. Watch one such entertaining episode #JSLive to find out more on how it feels to people who watch him, and many more alike, unsaid and unsung superdudes on the internet nowadays, and we bet you’d definitely relate to one such friend on your friend list. Watch the film on:

Watch गोसाईं हत्याकांड- पुलिस ने जारी की एक संदिग्ध की फुटेज - News/Politics Video Uploaded by - PunjabKesari TV (video id - 748634)

Monday, November 6 2017

Watch गोसाईं हत्याकांड- पुलिस ने जारी की एक संदिग्ध की फुटेज - News/Politics Video Uploaded by - PunjabKesari TV (video id - 748634)

Duration : 01:32 Description: आरएसएस नेता रवीन्द्र गोसाईं कत्ल मामले में पुलिस के हाथ अहम सुराग लगा है ... पुलिस को एक संदिग्ध आरोपी की सीसीटीवी फुटेज मिली है ...जिसके आधार पर न सिर्फ़ शकी का स्कैच तैयार करवा जारी किया गया है , बल्कि सीसीटीवी फुटेज भी जारी कर दी गई हैWatch गोसाईं हत्याकांड- पुलिस ने जारी की एक संदिग्ध की फुटेज With HD Quality

Technology is Critical for Information Dissemination: NK Sinha

Wednesday, November 8 2017

Technology is Critical for Information Dissemination: NK Sinha

Email Print Secretary I&B Mr. N.K. Sinha has said that the communication technologies being used today were important tools to provide effective messaging, content and facilitate continuous dialogue with the target groups. Secretary, Ministry of I&B, Mr. N.K. Sinha has said that the communication technologies being used today were important tools to provide effective messaging, content and facilitate continuous dialogue with the target groups. This strategy enabled the Government to disseminate information on critical flagship schemes such as Make in India , Digital India , Khelo India etc. thereby adhering to the vision of Reform, Perform and Transform as envisaged by the Hon’ble Prime Minister. Mr Sinha, stated this while addressing the CASBAA platform at Macau. Elaborating further, Shri Sinha emphasized the vital role of public broadcaster Prasar Bharati in facilitating two way interface between the state and the citizen. Referring to Mann Ki Baat , he statedthat it was an important platform forinnovative and accessible communication. Secretary mentioned that it was imperative to ensure quality programmes in the field of Education, Agriculture, Health, Financial Inclusion, Innovation and Cleanliness etc. He lauded the role of DD free dishin attaining the overall objective of informing different target segments through varied content. Referring to the changing media landscape, Mr. Sinha said that in the changed landscape, the citizen had become an important stake holder and participant in the governance process.As part of the overall growth for the M&E Sector, providing regional content in local languages was important for all major platforms.Reiterating the potential of regional media, Mr. Sinha said that the future growth parameters in the media space depended on the development architecture of regional media. Coupled with technological changes, local and regional outreach and the varied tastes of different segments, the promise and scope for expansion was immense. It was imperative to balance the need and requirements of different stake holders to ensure the flow of quality information to the people at large. Share on: Posted by SMEStreet Desk SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs. Tagged with

On-Demand Security Platform to Protect Data Anytime, Anywhere by Gemalto

Wednesday, November 8 2017

On-Demand Security Platform to Protect Data Anytime, Anywhere by Gemalto

Email Print Businesses are increasingly challenged by the cost and complexity of protecting data across disparate IT infrastructures and hybrid cloud environments. Gemalto announced the launch of SafeNet Data Protection On Demand , a centralized cloud-based services platform for companies to protect data, meet compliance mandates and manage the security of all their sensitive information in every location with unparalleled simplicity. Today, businesses are increasingly challenged by the cost and complexity of protecting data across disparate IT infrastructures and hybrid cloud environments. SafeNet Data Protection On Demand helps solve these issues by providing a single data security-as-a-service platform that integrates easily with existing IT systems, DevOps tools and cloud services to protect wherever data is created, accessed or stored. Robust, Scalable & Advanced Security SafeNet Data Protection On Demand makes enterprise-grade data protection accessible to companies of all of sizes – from the smallest to the largest of enterprises. With no hardware and software to buy, configure or manage and simple pay-as-you-go pricing, companies can more cost effectively and quickly deploy data protection to secure sensitive information in any environment on demand. This empowers them to easily integrate security across all company IT systems and removes barriers between business and DevOps, expediting go-to-market timelines. Companies can scale their security operations to protect critical data in established business initiatives and new growth markets and address priorities like Big Data, Blockchain, Cloud Computing , Internet of Things and Digital Payments. The SafeNet Data Protection On Demand Marketplace is expanding its portfolio of security services to include: · Hardware Security Module On Demand : Provides protection for transactions, identities and applications by securing cryptographic keys and provisioning encryption, decryption, authentication and digital signing services. · Key Broker On Demand : Enables you to manage your keys to provide simple and secure control between your enterprise-controlled security and your SaaS and cloud service vendors such as Salesforce. · Key Management on Demand : Provides a central way to manage encryption keys throughout their full lifecycle, supports Key Management Interoperability Protocol (KMIP) services and acts as a key broker for organizations extending their security policies into multi-cloud environments through “Bring Your Own Key” (BYOK). · Encryption on Demand : Protects sensitive data wherever it resides including files, folders, databases, storage environments, and virtual machines. Companies also benefit from Gemalto ‘s extensive partner ecosystem which helps accelerate the integration of data security across their multi-cloud applications. The platform is designed to work with many of the most widely utilized IT products and technology companies such as Amazon Web Services, Dell EMC , Google, IBM, Microsoft, NetApp, Huawei, Oracle and Salesforce. In addition, customers can quickly develop and build secure higher order use cases through proprietary and/or third-party APIs. “SafeNet Data Protection On Demand simplifies data security operations by lowering the cost of ownership, reducing deployment times and eliminating the need to manage multiple solutions,” said Sebastien Cano, executive vice president for Enterprise & Cybersecurity at Gemalto . “The platform’s cloud neutrality model also brings speed, agility and flexibility for users to deploy the data security services they need in minutes with flexible pay-as-you-go pricing.” Handling the Cloud Complexity “Complexity has always been a pain point for organizations when it comes to deploying encryption and key management, and this challenge will be magnified by the growth of cloud computing and the Internet of Things (IoT) ,” said Garrett Bekker, at 451 Research. “By providing organizations with a single consolidated platform accessible through an online marketplace, Gemalto ’s SafeNet Data Protection On Demand can allow companies of all sizes to deploy encryption, key management and hardware security module offerings with only a mouse click, eliminating the burdens of physical deployments and also helping resource-constrained enterprises address the growing shortage of skilled security personnel.” “NTT Group clients​ are increasingly asking for on-demand usage based data protection services such as encryption and key management, and Gemalto has uniquely responded with a whole suite of cloud-native solutions that allow us to respond to those needs quickly. We see this new way of managing security as an industry game changer for companies to build upon their cloud-based strategy by including cloud native security applications,” said Frank Balow, senior manager at NTT Security Germany , the specialized security company of NTT Group. “As a result, we can respond to NTT Group clients’ needs faster, reduce their IT headaches, all in an affordable way enabling them to scale as they grow.” Share on: Posted by SMEStreet Desk SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs. Tagged with

Continental & Osram Planning to Introduce Intelligent Lighting Solutions for the Automotive Sector

Wednesday, November 8 2017

Continental & Osram Planning to Introduce Intelligent Lighting Solutions for the Automotive Sector

Email Print Osram Continental GmbH to combine the expertise of Continental and Osram in lighting and light control. The joint venture partners each have a stake of 50 percent. Sales target in mid-triple-digit-million-euro range with around 1,500 employees. Joint venture scheduled to start in 2018 Technology companies Continental and Osram established a joint venture. The idea is to combine innovative lighting technology with electronics and software to develop, manufacture and market intelligent lighting solutions for the automotive industry . The global joint venture would operate under the name Osram Continental GmbH and has its registered office in the Munich region. Continental and Osram will each have a 50 percent stake in the joint venture. The aim is to generate annual sales in the mid-triple-digit-million-euro range with a workforce of around 1,500 employees and 17 locations worldwide. The joint venture is scheduled to start in 2018 subject to agreement on the binding contracts, prior consent of each party’s Supervisory Board and antitrust approvals. Osram would be transferring its automotive Solid State Lighting (SSL) module business over to the joint venture. Continental would be incorporating its light control business from the Body & Security business unit. This would lead Osram Continental to combine semiconductor-based lighting modules, advanced electronics, optics and software expertise with access to sensor technology and innovative light sources. Osram Continental would therefore be able to offer a broad range of end-to-end, innovative lighting solutions, designed especially for headlight and tail light applications. The intention is to work together to design perfectly coordinated and innovative products and solutions, and bring them to market more quickly. The joint venture would operate on the market as a standalone company. “The pace of innovation in the automotive industry lighting segment is rapid, and software is strengthening this dynamic,” explained Helmut Matschi, member of the Continental Executive Board. “While conventional lighting expertise remains important to our customers, the addition of electronics to enable new light functions is taking on increased significance. The joint venture would systematically combine these two areas and raise them to a new level.” Osram Continental GmbH to combine the expertise of Continental and Osram in lighting and light control. The joint venture partners each have a stake of 50 percent. Sales target in mid-triple-digit-million-euro range with around 1,500 employees. Joint venture scheduled to start in 2018 “The joint venture is a sign that Osram is focusing its efforts consistently on digitalization. Continental’s expertise in software and electronics is the perfect complement to our technology leadership in automotive lighting . It will create a forward-looking company for digital automotive lighting,” said Stefan Kampmann, member of the Osram Licht AG Management Board. The automotive industry lighting market is in the grip of technological change. Similar to the situation with general lighting, this market is moving toward semiconductor-based lighting solutions. Thanks to increasingly intelligent light functions in vehicles as well as new light-based design and application options, semiconductor-based technology, software and electronics are gaining progressively in importance. Each year, growth in the market for semiconductor-based front lighting solutions is somewhere in the double-digit range. Market studies indicate that by as early as 2025 more than half of new cars worldwide could be fitted with semiconductor-based lighting solutions. Power of Intelligent Lighting for automotive Sector “Intelligent lighting solutions allow vehicle manufacturers a greater degree of flexibility when it comes to design, and help them to optimize development costs,” commented Andreas Wolf , head of Continental´s Body & Security business unit. “The global presence of the Osram Continental joint venture would allow us to cooperate closely with our customers in order to develop solutions exactly tailored to their needs. In the case of Continental and Osram, we have two technology companies combining their complementary expertise in the context of a joint venture to offer customers a unique range of solutions,” added Wolf. “Digitalization is bringing about new potential applications in automotive lighting and hence tremendous opportunities that we want to take advantage of with Continental. Thanks to our combined offering of lighting and electronics solutions, we will be able to offer automotive sector customers cutting-edge products from a single source,” explained Hans-Joachim Schwabe, CEO of Osram’s Specialty Lighting business unit. “By joining forces, we will be in an even better position to drive forward innovations by working closely with the automotive industry to integrate lighting, sensor technology and electronics seamlessly in a single application. This will allow us to drive forward new intelligent light functions, such as the combination of lighting and sensor technology in a module or light-based communication between the driver, other road users and the vehicle surroundings,” added Schwabe. Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transport. In 2016, Continental generated sales of €40.5 billion and currently employs more than 230,000 people in 56 countries. Information management in and beyond the vehicle is at the very heart of the Interior division. The product portfolio for different types of vehicles includes: instrument clusters, multifunctional and head-up displays, control units, access control and tire-information systems, radios, infotainment systems, input devices, control panels, climate control units, software, cockpits as well as services and solutions for telematics and Intelligent Transportation Systems . The Interior division employs more than 43,000 people worldwide and generated sales of €8.3 billion in 2016. Share on: Posted by SMEStreet Desk SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs. Tagged with

Manufacturing Can Revive Economic Growth: NITI Aayog CEO

Wednesday, November 8 2017

Manufacturing Can Revive Economic Growth: NITI Aayog CEO

Email Print We must grow at a higher rate over a long period of time over three decades or more, and it’s not possible without manufacturing push,” says Amitabh Kant of Niti Aayog The country has to grow at a much higher rate than the current growth rate of 7.5 per cent and it will not be possible without manufacturing which has to become a key driver of growth, NITI Aayog CEO Amitabh Kant said. “The challenge is that we need to grow at a higher rate over a long period of time, over three decades or more, and it’s not possible to grow without manufacturing. It’s not possible to do it without appliances and consumer electronics industry,” Kant said at the 38th annual function of the Consumer Electronics and Appliances Manufacturers Association (CEAMA). “That has to become a key driver of growth,” Kant added. Kant pointed out that in order for further growth to take place, manufacturing in the appliances and consumer electronics industry has to be done in the right ecosystem. “The right ecosystem is that we are in a globalised world and have to be a part of the global supply chain. Penetrating export market is the key and you can never do this without size and scale. Therefore, this industry should think of size and scale,” Kant said in his address. Expressing his views on the ease of doing business , he said the government is focussed on making doing business in the country very easy and simple by dismantling “many rules, regulations and procedures and paperwork over the years”. “There is a lot of work in progress. If you look at ease of doing business, or GST, digital payments, all these are a huge amount of work in progress. Many of these structural reforms take a little time, but they are all in the right direction,” he added. “They are all in the direction of making India more efficient, more performing and a more modern economy.” In the annual function, CEAMA, in association with PricewaterhouseCoopers (PwC), unveiled a detailed report on “Championing Change in the Indian Appliance & Consumer Electronics (ACE) Industry” which revealed that an anticipated compounded annual growth rate of only nine per cent, manufacturing disabilities and a limited component ecosystem are root causes of low cumulative value addition. “The large population and steep GDP growth over the next five years will be the key driver for Indian economic pyramid shift towards the top,” the report said. The report also illustrated the government’s push to promote electronics manufacturing in order to achieve net zero imports, and placing the ACE industry at the forefront of the Digital India programme. “This push has resulted in an increase in domestic manufacturing from Rs 55,765 crore during 2015-16 to Rs 64,752 crore during 2016-17,” it added. Manish Sharma, President of CEAMA said: “The aim behind releasing this report was to bring to the fore challenges faced by the industry in the current environment, and the policy framework needed to support the continuously evolving business ecosystem especially local manufacturing.” “The consumer durable industry creates three indirect jobs for every direct job, thus it needs to work closely with the government on further improving the local manufacturing framework to generate more employable labour,” Sharma added. Share on: Posted by SMEStreet Desk SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs. Tagged with

GST Council Likely to Lower Rates on Various Goods: Arun Jaitley

Wednesday, November 8 2017

GST Council Likely to Lower Rates on Various Goods: Arun Jaitley

Email Print Arun Jaitley noted that while fixing the GST slabs initially, the GST Council had been guided by the principles of equivalence and revenue neutrality but had later lowered the rates on many items over its last few meetings. The GST Council is likely to consider lowering rates on various goods including on many items of daily use at its next meeting later this week, Finance Minister Arun Jaitley hinted. He noted that while fixing the Goods and Services Tax slabs initially, the Council had been guided by the principles of equivalence and revenue neutrality but had later lowered the rates on many items over its last few meetings. “In the old regime, the central excise was embedded in the cost, so people didn’t realise and with the cascading effect of excise, VAT , the taxes added up to 31 per cent. Keeping with the equivalence principle, that is how the 28 per cent GST slab was born,” Mr Jaitley said. “The GST Council in the last 3-4 meetings has slashed rates on over 100 items, thereby bringing them down either from 28 per cent to 18 per cent, or from 18 per cent to 12 per cent,” he said. Govt’s Intent to Enhance GST “We have been gradually bringing them down. The whole idea is as your revenue collections neutralise, we must prune it and that’s the pattern in which the Council has so far been functioning. I see that as a future guide as far as the Council is concerned,” he added. Officials said here last week that the Council could consider cutting rates on a variety of items like handmade furniture, plastic products and daily use items like shampoo, and simplify return filing rules. It is scheduled to meet on November 10 in Guwahati. At its previous meeting last month, the Council adopted a concept paper that laid down guidelines for changes in rates. As per the paper, no manufactured goods should be given outright exemption as this would hinder the ‘ Make in India ‘ initiative. Besides, states should opt for direct subsidy transfers if they wanted to reduce the tax on any item. Under the new indirect tax regime, most goods and services have been bracketed in the five, 12, 18 and 28 per cent categories. Share on: Posted by SMEStreet Desk SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs. Tagged with

Desktop Replacement Laptops!! Worth Your Hard Earned Money?

Thursday, November 9 2017

Desktop Replacement Laptops!! Worth Your Hard Earned Money?

Hard Drive There are desktop laptops with as much as 500GB hard drives. But you may not need that much especially if you are a casual user. You could go for as low as 250GB (or more) if you have a large media collection and like playing advanced games. Some vendors have introduced SSD for notebooks. These are unlike traditional hard drives with immoveable parts, have lower weight, are more durable and have comparatively fast boot times. However, SSDs do have lower capacities and are costly. Memory Given that 64-bit versions of Vista can support bigger amounts of RAM than 32-bit versions are capable of doing, you’ll see desktop notebooks offering greater amounts of RAM. If you are a power user, you would want to have at least 2GB in their systems. Or you could go with a monster laptop that offers as much as 8GB. Graphics If you play top flight games, go with a system that has a discrete video chipset from NVidia or ATI. The chipset should hold a minimum of 512MB of dedicated graphics memory . You could pay more for a higher end unit that offers two graphics cards working together. If you are not into gaming and want to save cash, you could certainly make do with a single graphics card or one offering 256MB of dedicated graphics RAM. Display Size and Resolution Desktop replacement laptops are not noted for their portability. They are often parked closed to a power outlet in the home or office. But in case you have to carry around this laptop, you should not have any problems if you are in a reasonable physical condition. The sweet spot for desktop laptops is around 17 inches but there are displays that are as “small” as 15 inches and large as 20 inches. However, some regard 15-inch screens as mid-sized laptops rather than desktop replacements. Go for a system with a native resolution of 1920 by 1200. Be careful of any desktop notebook that offers a native resolution of 1650 by 1080 or under. This is an indication that the notebook is underpowered. Also watch out for glossy screens. Some people abhor them as the glare is just too much. Keyboard and Touchpad One of the benefits of using a desktop replacement laptop is how comfortable it is to type on. If you have large hands or into gaming, having a large keyboard and touchpad helps big time. For added comfort, you’ll want to buy a mouse as well. Touchpads are not conducive to the rapid movements required during gaming. Features Search for a system with multi format ( DVD±RW ) DVD burner which can write to CDs along with plus and minus format DVD. Desktop notebooks that offer 1080p resolution would likely have Blu-ray Disc drives. Desktop notebooks often promise great sound but not all of them deliver that in reality. However, those with Altec-Lansing speakers do an excellent job. Expect to get a wide array of ports; HDMI-out, eSATA etc. Go for a system with integrated Bluetooth and Wi-Fi. However, some systems offer Bluetooth optionally. Do you know what provides better performance for programming – Laptop or desktop? Read my best programming laptop guide you should follow.

Infosys Finacle – Efna Unleashed ‘Innovation in Retail Banking’ Study

Thursday, November 9 2017

Infosys Finacle – Efna Unleashed ‘Innovation in Retail Banking’ Study

Email Print According to the report, retail banks continue their thrust on innovation in all functional areas, with customer experience and channels (both at 78%) being at the forefront. Other segments that have witnessed higher spends in innovation include products (67%), process improvement (64%) and marketing (57%). Infosys Finacle , part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), and Efma , a global not-for-profit organisation, launched the ninth annual study of Innovation in Retail Banking . The research revealed that technology investments in 2018 will revolve around ‘topical’ areas such as information security, advanced analytics and open banking APIs, as opposed to ‘future-looking’ areas such as conversational AI , robotic process automation , the Internet of Things , augmented reality or virtual reality. However, 70% of organizations planned to support a conversational AI solution, with close to 25% having made investments in AI. According to the report, retail banks continue their thrust on innovation in all functional areas, with customer experience and channels (both at 78%) being at the forefront. Other segments that have witnessed higher spends in innovation include products (67%), process improvement (64%) and marketing (57%). The research, in which over 300 bankers globally participated, found that retail banks consider large technology companies, challenger banks, and smaller fintech start-ups as threats to their growth. Similar to 2016, the greatest impact of transformation is expected to be in the areas of payments and mobile wallets. Sanat Rao, Chief Business Officer and Global Head of Finacle stated, “The 9th edition of the Innovation in Retail Banking report clearly reflects the sentiment we are witnessing globally. The case for investing in digital transformation and innovation has never been stronger, with changing customer preferences, technology upsurge and competition from the non-banking sector. Finacle has proactively invested and developed capabilities across the focus areas identified in the report, to help customers stay ahead with their innovation programs. We believe that this report will help banks with their planning and technology investments.” Vincent Bastid, CEO, Efma said, “Nowadays so many new technologies are reaching maturity and a growing number of new entrants are offering alternative customer experiences and transaction interfaces. The 9th edition of the Innovation in Retail Banking study provides a roadmap to help organizations of all sizes prioritize their strategic choices and investments. We also believe the insights from this report will help incumbents strengthen their innovation initiatives and be more successful in their deployment.” Key Findings: The top three innovation challenges include systems integration, legacy technology, and the time and cost required to move from concept to reality. Small and mid-size banks are falling behind in virtually all levels of innovation, reflecting an inability to invest, the impact of competing priorities, the need to focus on cutting costs and respond to compliance requirements. More than 50% of respondents expect to see a measurable ROI from their investment in innovation in 1-3 years; more than 30% expect to see results in less than a year. Only 10% of respondents have a robotic process automation solution. There is a vast distribution on the level of maturity within organizations leveraging data-driven insights. Nearly 37% of banks believed they were able to provide only descriptive analytics based on what had already happened. Nearly 20% of banks (usually larger firms) stated they have sound predictive capabilities and can help customers understand what will happen in the future. Interestingly, only 15% of banks were able to provide advisory or prescriptive capabilities around what the customer could do in the future given the insight known. The challenge of acquiring the right skills and expertise in innovation led areas such as AI, blockchain and digital banking is a major concern across the industry. Jim Marous, Owner and Publisher of the Digital Banking Report and author of study “As we expanded the scope of organizations included in this year’s study, we find a significant difference in the innovation maturity and commitment to technology investment between the largest and smaller organizations, with smaller firms appearing to fall further behind market leaders. We also see a continued focus on iterative innovation as opposed to disruptive innovation, limiting the potential benefits of big data, advanced analytics and digital technologies. The winners in the future will be defined by those organizations that can leverage these three pillars in the delivery of a better customer experience.” Share on: Posted by SMEStreet Desk SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs. Tagged with

This is Microsoft CEO Satya Nadella’s ultimate lifehack for Indian students

Wednesday, November 8 2017

This is Microsoft CEO Satya Nadella’s ultimate lifehack for Indian students

This is Microsoft CEO Satya Nadella’s ultimate lifehack for Indian students Jibu Elias Nov 8, 2017, 03.30 PM IST For Satya Nadella , the journey from a boy born in Hyderabad to one of the most influential business executives in the world wasn't an easy one. Unlike most of the fellow Silicon Valley big names, Nadella had no fancy IIT engineering degree or Ivy League MBA to his name and has to face several failures and setbacks in his journey to become the third ever CEO of Microsoft . In an exclusive closed-door interaction with our Sahil Mohan Gupta , Nadella explained why we, especially students, must focus on learning as a lifelong mission, even from failures. "I think for parents to have high expectations for their children is wonderful. My father, for example, was a guy who hadn't met a guy who had given an exam that couldn't be passed, and he was always humored by the fact that how could someone fail an IIT exam, " said Satya Nadella. "There was this colleague of his ( Nadella's father) who gave his last test and then came out and said this is it, I no longer have to write any more tests. And my father sort of said to me how wrong this person is going to be in life, that this is somehow the beginning of it all and this person feels he has achieved it all," Nadella added. In fact one the key steps Nadella took in reorienting Microsoft was instilling a culture of listening and learning, as he wrote in his recently published book Hit Refresh ,"anything is possible for a company when its culture is about listening, learning and harnessing individual passions and talents to the company's mission."He writes,"to encourage the shift toward a learning culture, we created an annual hackathon during our OneWeek celebration". In fact, this annual hackathon has been one of Microsoft's major source of innovation. Nadella had one more important message for the ambitious Indian youngsters- failures and why we should learn from them. "I look at it and say let's have perspective. What matters more isn't what you did yesterday but what your posture of learning is tomorrow. That's where parents and institutional leaders can be elitist and we have to identify kids and give them the confidence to not be know-it-alls but be Learn-it-alls. Flunking exams has definitely taught me as long as I'm learning I'm fine. Failure is part and parcel of life, the question is what you are going to do about it," he said. There is no better example to demonstrate this lesson than Microsoft's doomed acquisition of Nokia. " We learned a lot from Nokia, even it resulted in a painful write-down of the assets. Acquiring the Finnish smartphone company led to numeric growth in terms of people and revenue, but ultimately we failed to break through in the highly competitive mobile phone business. Importantly, though, we learned a lot about what it means to design, build and manufacture hardware," writes Nadella. In fact, this lessons they learned from failure is what has fostered them to create some of the best hardware in personal tech such as the Surface lineup . So, next time when you fail, see it as the best learning opportunity.