All posts by Gouri Achary

Qlik and UiPath Launch Partnership to Bring Together Active Intelligence and Enterprise Workflows

Bangalore – Dec 7, 2021 – Qlik® and UiPath (NYSE: PATH) today announced their partnership and the launch of direct integration between Qlik Cloud® analytics and the UiPath end-to-end enterprise automation software platform. The integration enables analytics users to leverage UiPath automations to drive action and prioritize tasks in downstream applications from directly within Qlik. The integration complements the automation that’s already possible with Qlik Application Automation™, and will help organizations in their journey to Active Intelligence, where technology and processes trigger immediate action from real-time, up-to-date and trusted data to accelerate business value across the entire data and analytics supply chain.

“Organizations embracing Active Intelligence are eager to integrate and automate data flows from all of their different sources into Qlik for analysis, insights and downstream action,” said James Fisher, Chief Product Officer of Qlik. “The integration with UiPath expands the ecosystem of technology partners integrating and adding value to the Qlik Active Intelligence Platform and will enhance the automation capabilities already in place with Qlik Application Automation. Users will now be able to trigger an expanded range of actions and automated workflows from Qlik into their essential daily tasks in key applications like ERP, CRM and HR, while also impacting crucial and timely focus areas such as supply chain management and customer service.”

Enterprises are looking to scale data-driven decision-making, especially to react to rapid market changes that affect areas like supply chain and inventory management. The flow of real-time data into downstream decision-making that UiPath and Qlik together make possible is critical for any daily function that reacts to shifting market conditions. Automating the insights from Qlik into established workflows to trigger actions with UiPath automations also limits the need for users to navigate multiple tools. This in turn reduces the time needed to confidently act at market speed.

“Timely decision-making in today’s rapidly changing marketplace, where organizations are regularly dealing with supply chain and inventory disruptions, requires organizations to scale their ability to automate the flow of data into cloud analytics for action,” said UiPath Chief Product Officer Param Kahlon. “By leveraging our leading enterprise automation platform with Qlik, customers can activate more data for impact and reduce workflow complexity across any business function.”

The integration leverages UiPath automations and allows users to set up workflows directly within their Qlik analytics experience. This eliminates administrative headaches and tightens up the refresh cycles on reloading data on consistent tasks that happen on a daily or weekly basis. By leveraging Qlik as a main center of data flows and automation, organizations can centralize their visibility into the chain of tasks, ensuring governance and compliance remain in place while informing automation decisions with timely intelligence.

More information about the partnership can be found at Qlik’s blog and on the Qlik page in the UiPath marketplace.

120 units sold in under 120 seconds: Royal Enfield’s Anniversary Edition 650 Twin Motorcycles sold in record time

December 7, 2021, Chennai: Royal Enfield, the global leader in the mid-size motorcycle segment (250-750 cc) sold 120 units of its limited-edition anniversary edition Twins motorcycles in under 2 minutes, today. A collector’s edition, launched in celebration of Royal Enfield’s rich and storied legacy, the 60 Interceptor INT 650’s and 60 Continental GT 650’s garnered an overwhelming response from motorcycling enthusiasts across the country.

A total of 120-anniversary edition motorcycles- 60 each of the Interceptor INT 650 and Continental GT 650- were available for customers on a first-come-first-serve basis. The sale opened at 7:00 PM IST on December 06th, and all the bikes were sold within the record time on www.royalenfield.com/120thedition. The entire package included the anniversary edition motorcycles along with a special blacked-out Royal Enfield Genuine Motorcycling Accessories kits as well as an extended warranty for the 4th and 5th year over and above the 3 year OEM warranty. The limited-edition motorcycles will also be available for customers to buy in South-East Asia, Americas, and European markets soon.

About the Royal Enfield 650 Twin Motorcycles

Launched in September 2018, the 650 Twins have been extremely well received by motorcycle enthusiasts in India and across the globe. The Interceptor 650 – a quintessential roadster, won several awards globally, including the prestigious Indian Motorcycle of the Year 2018 and has continued to dominate the upper end (500cc and above) of the mid-sized motorcycling segment in India. In the International markets as well, the Interceptor INT 650 has been extremely well received and has won several coveted honors including MCN’s (UK) Best Retro Motorcycle of the Year 2019 and 2020, becoming the only Indian brand to win the accolade twice in a row. It has also been the highest-selling naked style motorcycle for calendar year 2020 in the UK (as per MCIA data from January 2020 – to December 2020) dominating the mid-sized segment for over a year and propelling Royal Enfield to become one of the fastest growing motorcycle brands in the country. The 650 Twins contribute significantly to Royal Enfield’s volumes in the Americas and the APAC region.

About Royal Enfield
The oldest motorcycle brand in continuous production, Royal Enfield has created beautifully crafted motorcycles since 1901. From its British roots, a manufacturing plant was established in Madras in 1955, a foothold from which Royal Enfield spearheaded the growth of India’s mid-sized two-wheeler segment. Royal Enfields are engaging, uncomplicated, accessible, and fun to ride; a vehicle for exploration and self-expression. It’s an approach the brand calls Pure Motorcycling. Royal Enfield’s premium line-up includes the all-new Classic 350, the Meteor 350 cruiser, Interceptor 650 and Continental GT 650 twins, the Himalayan adventure tourer, and the iconic Bullet 350 and Classic 350 singles. Riders and a passionate community are fostered with a rich profusion of events at a local, regional and international level. Most notable are Rider Mania, an annual gathering of thousands of Royal Enfield enthusiasts in Goa, and Himalayan Odyssey, a yearly pilgrimage over some of the toughest terrain and highest mountain passes. A division of Eicher Motors Limited, Royal Enfield operates through 1033 large format dealerships and 1038 studio stores in all major cities and towns in India and exports to over 60 countries around the globe. The company’s two state-of-the-art production facilities are located at Oragadam and Vallam Vadagal, near Chennai. Royal Enfield recently invested in two world-class technical centers, in Bruntingthorpe, UK, and Chennai, India, and in 2020 opened its first assembly unit outside India, in Buenos Aires, Argentina. With more than 17% growth year-on-year for the last 5 years and sales in international markets up 96% in 2019-20, Royal Enfield is the leader in the global mid-size motorcycle market.

Meals On Wheels for Kids’ Holidays On Wheels needs volunteers to help deliver food and gifts on December 13

Network to End Hunger’s Meals On Wheels for Kids program ensures that homebound and transportation-disadvantaged families have a nutritious and joyous holiday season

Tampa Bay Network to End Hunger (TBNEH), a tri-county leader in hunger relief, research, and program development, is in need of volunteers to help fulfill its annual Meals On Wheels for Kids’ (MOW4Kids) Holidays On Wheels program on December 13.

Holidays On Wheels will deliver a full holiday meal and gifts to 3,000 homebound and transportation-disadvantaged families with children living in Tampa Bay on December 13. This program is in partnership with Metropolitan Ministries. TBNEH will utilize over 400 volunteers to deliver to households that are homebound and do not have access to a reliable vehicle to get to other Metropolitan Ministries holiday meal distribution sites.

Sign up now to volunteer to deliver Holidays On Wheels by visiting www.networktoendhunger.org/volunteer.

“In Tampa Bay, thousands of kids and their families live in fear of going hungry this holiday season,” said Caitlyn Peacock, Executive Director of TBNEH. “Most of us look forward to enjoying a delicious meal during the holidays, yet many of our neighbors will not have food on their table. The Meals on Wheels for Kids’ Holidays On Wheels program will ensure homebound and transportation-disadvantaged kids and their families have a healthy and happy holiday season. Our volunteers help make this program possible.”

Holidays On Wheels deliveries will occur between 9:00 AM-2:00 PM on Monday, December 13.

Volunteers will pick up route sheets and special delivery items from various Metropolitan Ministries Holiday Tent pick-up sites throughout the tri-county area or the Tampa Bay Rays’ Tropicana Field and utilize their vehicles to deliver food and joy this holiday season. Visit www.networktoendhunger.org/volunteer to create a volunteer account and sign up to deliver. Once the volunteer car is loaded, routes will take about 60 minutes to complete.

ABOUT TAMPA BAY NETWORK TO END HUNGER

Tampa Bay Network to End Hunger is committed to ending hunger in Tampa Bay by bringing people together to find solutions that eliminate barriers, increase access and knowledge, and expand the amount of nutritious food available. TBNEH has over 350 members and serves a tri-county area, Hillsborough, Pasco, and Pinellas counties. TBNEH is a 501(c)3 nonprofit agency and relies on its community for support. For more information, visit www.NetworktoEndHunger.org.

Covestro receives the German Design Award for its CMF Aesthetics Toolkit

The goal is to inspire designers through the aesthetics and functionality of polycarbonate

As announced by the German Design Council, Covestro’s CMF Aesthetics Toolkit will receive the German Design Award 2022 in the category “Excellent Product Design – Material and Surfaces.” The toolkit is designed to inspire designers to explore the many aesthetic and functional possibilities of polycarbonate in the field of color, material and finish (CMF). Developed in collaboration with renowned designer Chris Lefteri and Chris Lefteri Design Ltd, it is designed to pave the way for inspiring dialogue and creative collaboration between Covestro and its Color & Design (CMF) team with designers and CMF experts.

Covestro

“For designers, samples are key to understanding a material’s potential, but they are products that rarely get the attention they deserve from material suppliers,” says Chris Lefteri. “Polycarbonate has some outstanding aesthetic properties that are showcased in the aesthetic toolkit we designed for Covestro. The shape, form and outline draw attention to its inherent transparency, color and surface effects that highlight its glass-like qualities. Through the interplay of the two parts, which can be overlaid in color, it is intended to inspire new applications and facilitate dialogue between designers and Covestro.”

The Aesthetics Toolkit shows CMF trends on different polycarbonate substrates – depending on the industry, application, color, texture and functionality. 24 trending colors and textures help designers understand the properties of polycarbonates while capturing the visual effects of different combinations in novel 3D form factors.

“We are very honored and excited to receive this prestigious award. It is a confirmation of Covestro’s expertise and activities in CMF. We are a leading materials supplier, and our ambition goes well beyond just providing materials,” says Dr. Christopher Stillings, Vice President, Global Head of Color & Design (CMF) in Covestro’s Engineering Plastics segment. “By working with Chris Lefteri, we look forward to inspiring more designers and CMF experts to create and realize aesthetic, efficient design and inspiring products with polycarbonate.”

He adds, “We see designers and CMF experts as key partners for innovation and want to work more closely with them by offering our capabilities from front-end trend research to back-end design applications. Covestro offers sustainable material solutions that deliver both high aesthetic value and high performance.”

The German Design Awards, which are among the most prestigious design prizes in the world, enjoy an excellent reputation far beyond specialist circles and are presented annually by the German Design Council. 

About Covestro:

With 2020 sales of EUR 10.7 billion, Covestro is among the world’s leading polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative, sustainable solutions for products used in many areas of daily life. In doing so, Covestro is fully committed to the circular economy. The main industries served are the automotive and transportation industries, construction, furniture and wood processing, as well as electrical, electronics, and household appliances industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. At the end of 2020, Covestro has 33 production sites worldwide and employs approximately 16,500 people (calculated as full-time equivalents).

Jana Small Finance Bank appoints Buvanesh Tharashankar as Chief Financial Officer

Bangalore, 07 December, 2021: To strengthen the top management team, Jana Small Finance Bank today announced the appointment of Buvanesh Tharashankar as its President and Chief Financial Officer under the category of Key Managerial Personnel.

Buvanesh Tharashankar will be instrumental in providing strategic and long-term financial direction to Jana SFB’s business and will work closely with others in the organization’s leadership team to streamline business processes, working capital management and business strategy, optimize revenue and minimize costs.

A Citibank veteran of 26 years, Buvanesh has worked across a wide spectrum of roles within the finance function in multiple geographies. Buvanesh is a qualified Chartered Accountant and received his Bachelors in Commerce from Mumbai University.

Speaking on his appointment, Mr Ajay Kanwal, MD and CEO of Jana Small Finance Bank, said, “On behalf of Jana Small Finance Bank family, I welcome Buvanesh to our senior leadership team. Buvanesh brings a wealth of experience in management and governance of the finance function at senior levels and the acumen needed at Jana SFB.”

IAN Fund invests in Corner, a SaaS platform for D2C Ecommerce Brands

Pic: Arun (left) and Jovis (right) with Sarika and Sujesh from the Corner team

Corner provides data-driven customer engagement for D2C e-commerce stores through a SaaS model. This fundraise will help the company to expand its engineering & customer success teams.

New Delhi, December 7th, 2021: Corner, a Software-as-a-Service platform that provides data-driven customer engagement products for D2C e-commerce stores, has raised a funding round led by IAN Fund. With this raise of INR 50 lakhs, it will start to expand its core engineering and customer success teams and further enhance its product features.

Arun Augustine co-founded Corner with Jovis Joseph in 2019 at the Indian Institute of Management Bangalore during the Startup Launchpad program organized by NSRCEL. The company is based in Kerala and is incubated by the Kerala StartUp Mission (KSUM), the state nodal agency of the Government of Kerala for entrepreneurship development. With a vision to provide an Intelligent Customer Data Platform (CDP) for D2C e-commerce brands, Corner is committed to transforming customer engagement for this rapidly growing e-commerce segment.

The company caters to brands and online merchants owning their e-commerce stores. Corner provides a data-driven layer to improve customer engagement for such D2C brands. Corner is architecting for fast growth, partnering with platforms like Shopify which has more than 1.75 million merchants.

Commenting on the fundraise, Jovis Joseph, Co-Founder, Corner said “Ever since inception, our mission at Corner has been to democratize access to data-driven customer intelligence tools for D2C brands. This way they can be competitive with big players like Amazon or Flipkart. With these freshly raised funds, we are looking at strengthening our engineering and customer success teams and accelerating our product roadmap.”

Prior to this, the founders bootstrapped the company, with money raised from family and friends, and leveraged an INR 7 lakh equity-free grant from the Kerala StartUp Mission (KSUM).

Padmaja Ruparel, Founding Partner, IAN Fund added, “In the past few years, the D2C model has witnessed a massive uptick in India. Many new-age brands have eliminated the middlemen and taken the D2C route. This has enabled brands to reach consumers faster and cater to them more efficiently. Catering to the D2C brands on Shopify, Corner engages its customers with data-driven intelligent solutions. We are glad to be associated with them.”

Expatiating on the fundraise, Kerala Startup Mission commented, “KSUM’s association with Indian Angel Network Fund is very fruitful and the fund is proactively involved in the Kerala Startup ecosystem. We expect IAN will invest more funds in Kerala Startups. The investment in Corner will certainly add value and build confidence to the Investor ecosystem of the state.”

About Indian Angel Network:

Indian Angel Network is India’s first and world’s largest business angel network with close to 500 members across the world, comprising the who’s who of successful entrepreneurs and dynamic CEOs. With investors from 12 countries, IAN’s presence spans 7 locations, which includes cities in India and the UK. The network is sector agnostic and has funded start-ups across 17 sectors in India and 7 other countries growing global footprint companies. With an excellent track record, IAN has been giving excellent cash exits year-on-year to its investor-members, for the last 11 years. Some of its marquee investee companies include Druva, Box8, Sapience Analytics, WOW Momos, Consure, Fareye amongst many others.

IAN has also launched the IAN Fund, an INR 375 crore fund, is a uniquely differentiated seed/early stage Fund which aims to transform India’s entrepreneurial landscape. The fund invests in innovative companies in sectors including healthcare and medical devices, VR, AI, software as a service, marketplaces, fin-tech, big data, artificial intelligence, agritech, and hardware. With this, IAN has created the single largest platform for seed and early-stage investing, enabling entrepreneurs to raise from Rs. 25 lakhs to Rs. 50 crores.

Comment from Tenable: ZoHo ManageEngine zero-day(s)

Tenable-Logo2021-1

“Over recent months, ManageEngine has been targeted in campaigns from multiple threat groups. According to ZoHo, CVE-2021-44515 has been exploited in the wild as a zero-day, making this the third vulnerability this year in ManageEngine to be adopted by threat actors. It’s common to see these sorts of pile-ons after a product has been leveraged in publicized attacks; once it is known that a product or service is vulnerable, threat actors often put it under a microscope to find additional avenues of attack.” — Claire Tills, Senior Research Engineer, Tenable

Tech Predictions for 2022 and Beyond

By Dr. Werner Vogels, Chief Technology Officer at Amazon.com

We have reached an inflection point. After AWS pioneered cloud technology more than 15 years ago, cloud infrastructure has evolved to a place where we are seeing all parts of the cloud reach practically anywhere on the planet—and even into space. The cloud has allowed what was once science fiction to become science fact. Models and techniques in the artificial intelligence (AI) and machine learning (ML) realm have gotten better and better—so much so that we see glimpses of new kinds of use cases emerging that we previously only imagined in movies and comics. We are entering a phase where data is abundant, access to it is almost instantaneous, and our ability to make sense of it in new and subtle ways is practically automatic. But this technology is not replacing humans; it is augmenting how we engage with the world. 2022 will be an exciting year for technology, with it pushing all of us, and our planet, forward in the process.

Prediction One: AI-supported software development takes hold

Software development is a creative process, but one that has many repetitive tasks. In 2022, ML will begin to play a major role in augmenting software developers’ workstreams, helping them create more secure and reliable code.

Since the advent of the cloud, we’ve seen companies across the world bring new ideas to their customers at scale faster than ever. However, even with this acceleration in product delivery, people still spend a disproportional amount of time in one area of technology: software development.

While there have absolutely been improvements in programming languages, software development toolkits (SDKs), and other tools that enable developers to be more efficient, these have all been minor evolutions. There haven’t been the major leaps forward that we’ve seen in other areas of technology … yet. Over the past few years, we’ve started to see the foundations laid for what will become the future of software development. Tools like Amazon DevOps Guru, Amazon CodeGuru, GitHub Copilot, and GPT-3 are the first steps in what I see as the future of development, where ML is used in code development and software operations workstreams to help developers become more effective. In the coming years, I believe that we are going to see an explosion of capabilities in this area.

ML will free developers from the mundane parts of their jobs, such as code reviews and bug fixes­—the undifferentiated heavy lifting of their world—and allow them to focus more on creating. The same technology will help us write sophisticated systems faster than ever and in ways that open the door to a new class of developers. Imagine a scenario where a builder describes how they want an app to operate, and then the tools interpret the request through natural language processing and deliver back the fully functional code. On the backend, ML techniques will also check for software bugs and continuously verify that the software is doing what it is supposed to do. This kind of ML-supported software development will be a game-changer by allowing more people across an organization to help define and build software and software-driven products. Longer term, this same approach of ML freeing us up to create more will be used in all kinds of other areas, including media creation. We will see generative AI techniques increasingly create movies, music, and literature. Just as importantly, in a similar way, this technology will also start to play a role in detecting fake content, scams, and fraud. 2022 is the year where AI/ML takes on the heavy lifting in the lives of developers.

Tech Predictions for 2022 and Beyond

Prediction two: The everywhere cloud has an edge

The cloud will extend into every locale via purpose-built devices and specialized solutions. In 2022, we’ll see these solutions bring all the muscle of the cloud to transform warehouses, restaurants, retail stores, farms, and more­.

When talking about supply chain and transportation, we refer to the last leg of a journey as the “last mile.” It’s that final trip to your door. In ecommerce, it is a challenging part of the journey as there are many variables depending on the location. For instance, think of the difference between delivering a package to a customer on a crowded street in Tokyo and delivering it on a rural road in the United States. At Amazon, we’re developing specialized solutions for this last mile delivery, with innovations like Amazon Scout, a fully electric autonomous delivery device. The cloud has its own challenges in its “last mile,” and I predict a number of innovations are coming to help address it.

Over the last 15 years of AWS, we’ve built out an impressive global infrastructure that spans over 25 geographic regions and 81 Availability Zones across the globe, with more than 310 points of presence to serve over 245 countries and territories. But now, we are seeing cloud services that are pushing beyond the bounds of our traditional AWS Regions and out to the edges of the network—or, like in ecommerce, the last mile.

We’ve already seen the cloud go practically everywhere. The shift we’ll witness in 2022 is the cloud becoming highly specialized at the edges of the network. To fully realize the benefits of the cloud in workshops and warehouses, in restaurants and retail stores, or out in remote locations, there must be tailored solutions at the edge. The parallels to Amazon Scout in the cloud are devices like Amazon Monitron and AWS Panorama, purpose-built devices that bring cloud capabilities to the edges of the network to do a specific job. They bring all of the high security, advanced features, and speed of delivery of the cloud, but they can be placed almost anywhere in the world. Yet, rather than isolated boxes sitting someplace, these devices become true extensions of the cloud with a link back to all of its core capabilities.

What we will see in 2022, and even more so in the years to come, is the cloud accelerating beyond the traditional centralized infrastructure model and into unexpected environments where specialized technology is needed. The cloud will be in your car, your tea kettle, and your TV. The cloud will be in everything from trucks driving down the road, to the ships and planes that transport goods. The cloud will be globally distributed, and connected to almost any digital device or system on Earth, and even in space.

Prediction three: The rise of smart spaces, especially in senior care

In 2022, our homes and buildings will become better assistants and more attentive companions to truly help with our most human needs. The greatest impact in the next few years will be with the elderly.

One of the things that inspires me the most about technology is its role in solving truly hard human problems. After years of meeting with customers across the globe that are using the cloud to do just that, we had an idea to begin documenting their stories through a show called Now Go Build. One of the inspiring customers we featured on the show was a company in Japan named Z-Works, which focuses on improving elder care and helping scale it through technology.

The problem Z-Works faced was how to offer smart and attentive care for seniors in Japan when there are fewer and fewer people available to do the job. The solution this company arrived at was to arrange sensors in beds and throughout rooms in senior homes and connect all of them to the cloud for continuous data analysis. The sensor arrays don’t just monitor vital signs. Because they run machine learning models trained in the cloud, the sensors can also tell if a person goes to use the bathroom and simply doesn’t return. In that case, the system can notify someone on duty to check on the resident’s well-being. In essence, it is a very human response made possible by a very smart space. People would do that intrinsically, if they were aware of the need. In this case, ML models, fed by a private and secure stream of data, arrive at a similarly intelligent action to signal people. We are approaching a point where concepts like ambient computing, collections of IoT sensors, remote/mobile data collection and processing at the edge, and smart devices like Amazon Alexa will have the positive impact we always knew they would.

Over the next several years, we’ll see smart spaces come to life in a number of settings, but none with higher impact than elder care. It will be a combination of the simple tasks you would expect—from dimming lights, locking doors, and switching off the oven if someone forgets—to the more contextual and proactive things that technology can do: asking questions when normal living patterns diverge and enacting common sense solutions when necessary. It will result in taking better care of people, and in the case of an aging population, it means that we will create a new class of homes­ so people can actually stay at home.

Tech Predictions for 2022 and Beyond

Prediction four: Sustainability gets its own architecture

In 2022, developers will begin to make sustainability-conscious decisions about the systems and applications they are building. They will seek new approaches to cloud architectures that optimize for the needs of the planet as well as the needs of end users.

As developers, we are trained to think about how to optimize our architectures for factors like security, performance, reliability, and cost. In 2022, you can add sustainability to that list. What we will begin to see in the coming years is developers taking an active role in building sustainability-conscious architectures that take into account not just the problems they are solving, but the planet as well.

As consumers, we have long wanted our videos and music streamed in higher quality, our webpages to load faster, and the ability to store more and more photos, but people are also beginning to realize the negative impacts this convenience can have on the environment. Do consumers truly need a download to happen as fast as absolutely possible or can we help them make informed decisions about storing an asset in a more carbon-friendly way with a minor penalty in download speed? Likewise, can we provide the ability to stream a video in slightly lower quality than 4K to reduce our carbon footprint and, by doing this at scale, have a positive impact on the planet? Sustainable architectures will take decisions like these into account.

Developers will take an active role in reducing the carbon footprints of their applications. This will happen in a variety of areas, like taking into account where in the world they choose to run their applications to take advantage of green energy in the grid, considering the time needed to process a task, or even specifying the chipset they use. When operating at web scale, small savings can scale out to have a large impact. We will also start to see developers further consider the power of switching off resources. “Always on” is a mantra that many build to, but it comes with a cost. When considering the idle resources needed for an “always on” architecture, we may start to see a new mantra emerge that “the greenest energy is the energy we don’t use.” This doesn’t mean we don’t architect for high availability; it just means being more sustainability-conscious in our architectural decisions.

Let’s be clear: technology uses energy, and at AWS, we are committed to making smart infrastructure choices. We’re on track to run on 100% renewables by 2025—five years ahead of our original goal of 2030. But making the cloud run on wind, sun, or hydropower is only part of the sustainability responsibility that we developers, and really anyone running a company, must shoulder. It is a shared responsibility and a genuine effort that customers, employees, and potential employees will increasingly demand to see.

Prediction five: A new wave of connectivity will bring about a new class of applications

Low Earth orbit (LEO) satellites are set to bring affordable broadband to every corner of the planet. This will change the lives of billions of people as teachers, students, small businesses, and virtually anyone gets online.

Over the next five years, more than 20,000 satellites are going to fan out in LEO above our planet. Among them will be about 1,500 from Amazon’s Project Kuiper, a network of satellites with the goal of delivering fast, affordable broadband to unserved and underserved communities around the world. (The first are planned to go into orbit in the fall of 2022.) What I see coming along with this planet-scale broadband are a whole new class of applications that will benefit from it.

Today, most digital applications are constrained by the existing network—designed for low bitrates or intermittent connectivity. In some cases, we have digital applications and systems that are designed to be operated offline, but these typically go out of date quickly or have limited functionality compared to their connected counterparts. Think about a traditional GPS navigator as compared to using a mobile app on your phone. But what happens when you are no longer constrained by connectivity, bandwidth, or high latency? A world of untapped possibilities will become reality when affordable connectivity reaches these places. Enter LEO satellites.

With ubiquitous connectivity, we start to unlock use cases that simply aren’t possible today. Try to imagine what happens in schools when every kid can use the same learning tools, or when small and medium-sized businesses get hold of digital tools they need to win more customers, grow their businesses, and create jobs in rural and remote communities around the world. We can more readily monitor reforestation efforts in remote locations, and we can better track and take quicker action on disaster situations such as fires and floods. Large enterprises with remote assets—such as solar installations, heavy equipment, or far-flung buildings—will be able to better optimize the use and maintenance of those assets. Transportation companies with vehicles, planes, and vessels on the move will have access to continuous data streams uploaded to the cloud, and regular updates downloaded to vehicles and vessels on the ground, in the air, and on the water. Ubiquitous connectivity will take us from intelligent spaces to intelligent cities, intelligent countries, and finally, toward an intelligent world.

Despite govt’s relief measures, 90% of South-Central Mumbai properties remain unsold: report

Mumbai, one of the most expensive real estate in the world, is a land of opportunity. It is a place where hundreds of thousands of people come from different parts of the country and the native population keeps growing, leading to the high demand for real estate. But, as per a recent report by Anarock Group, a real estate consultancy firm, it seems that is not the case this time around.

Despite lower interest rates on home loans, concession in stamp duties and registration charges increased affordability of housing properties, and the growing sentiment of homeownership amidst the ongoing pandemic, 90 percent of the housing inventory in South-Central Mumbai remains unsold.

There are about 10,700 unsold housing units in the South-Central Mumbai that include areas, where the textile mills of Mumbai once stood such as Lower Parel, Worli, Prabhadevi, Mahalaxmi, etc., the report suggests.

It finds out that out of the total available stock in the region, about 29 percent availability is in homes sized 1,500-2,000 sq. ft. carpet area, followed by 23 percent in sizes 1,000-1,500 sq. ft. and 2,000-3,000 sq. ft. The bigger and luxurious properties sized between 3,000-4,000 sq. ft have available stock of five percent while the area over 4,000 sq. ft. have two percent available stock.

Further, approximately 25,660 units have been launched between 2013 till Q3 2021 in South-Central micro-markets and only 1,910 units have been sold in the last year that is at least 86 percent more than the corresponding period a year ago.

Mr. Aditya Kedia, Managing Director, Transcon Developers
Mr. Aditya Kedia, Managing Director, Transcon Developers

Mr. Aditya Kedia, Managing Director- Transcon Developers reflected upon the upward trend and said, “After a downward momentum of the unsold inventory, there has been an uptick in the demand for properties in the south-central Mumbai, and the unsold inventories are reducing at a regular basis. This provides much-needed room for the property developers to add to the overall growth trajectory of real estate in Mumbai. Developers are breathing easy again!”

Despite witnessing maximum new supply in the top seven cities in the country during this period, The Mumbai Metropolitan Region shed at least 8 percent of its unsold stock – the MMR region trails South-Central Mumbai subset by shedding 10 percent of its unsold inventory – from 2,08,250 units as of Q3 2020-end to nearly 1,92,050 units as of Q3 2021-end.

Rohit Garodia, Pecan Reams

“The stamp duty regime of 2% and 3% initiated earlier by the government is what kick-started the entire engine of the real estate industry. After getting back into action with this government move, the market has only picked up steam,” Rohit Garodia, Managing Partner, Pecan Reams said.

The high-net-worth homebuyers, those who invest in the luxurious homes in the area, were the least affected by the pandemic and looked for ready homes or those nearing completion causing South-Central Mumbai localities to witness a decline of at least 10% in their unsold stock, the report suggested.

“Today, HNIs are investing in homes that are completed or those nearing completion because it is linked to the people gaining trust over the completion of the product and its timelines being met. A ready home is always preferred over an under-construction project as the wait can get longer if the developer does not perform and deliver the home on time,” said Rohit Garodia, Managing Partner, Pecan Reams.

How fintech startup FintastIQ is helping investors to invest in strategies with its in-house technology?

FintastIQ is a trading strategy marketplace, In the description, it’s a marketplace for a strategist to devise their strategy and tell conveniently to investors. According to our research, more than 90% of all traders fail during their lifetime, around 80% of all traders quit after 2 years.

FintastIq is designed to help investors and solve real-time issues in the following ways:

  • By giving timely notifications to our traders
  • A platform that allows traders to build the strategy based on Quants and maths
  • Easy payments and reconciliation
  • Seamless integration with well-known broking firms
  • Easy measurable reports
  • Recommendations based on Risk willingness

USP of FintastIQ- It’s a one of its kind Marketplace which encourages researchers to build strategy while selling it to traders and investors. It can be summarised to be Amazon of the stock market. There is no player in this space and our history of high-end research gives us a real competitive advantage.

How Finto (mascot) helps? – Finto is the mascot of our Product FintastIQ.  Its primary functions are to reverberate the vision of using AI-driven technology to solve trading problems faced by many consumers.

“Prem Prakash, CEO, CapitalVia Global Research Limited- FintastIQ will help to set your financial goals and technology give you an edge to find the closest solution to your financial goals. FintastIQ uses artificial intelligence and machine learning to provide you with an end-to-end solution, that starts at evaluating your SMART goals and risk appetite and ends at providing you a suitable trading strategy”.

Here are the responses from the CEO over the questions:

  1. How did the founders know each other; how did they meet and how was the idea conceived or background of the founder?

Rohit Gadia is the founder. He comes from a small town of M.P, Burhanpur. He has studied at Jain University, Bangalore and then at S P Jain Dubai & Singapore. During his graduation days, at Jain University, he got fascinated with the financial world. He started trading himself and found that there is a large market for scientific research as there were not many players providing the same back then. He conceptualized the idea of providing ‘Technical Analysis’ backed research recommendations to traders by founding CapitalVia Global Research Limited in 2006. After almost 12 years of extensive performance at CapitalVia, the idea of FintastIQ was conceptualized during a meeting with Prem Prakash, CEO and senior employees who thought of solving the problems that persists in the overall trade journey.

A pretty dominating trend over past few years in the market has been the adoption of technology and shift towards DIY model. Hence providing an end-to-end solution, making a completely DIY model and leveraging technology were some of the key aspects of conceptualizing FintastIQ. There are a few employees at senior level have worked closely with the founder on the idea.

  1. What is your company solving?

More than 90% of traders fail during their lifetime because stock trading is a complex activity. People, generally, take wrong decisions while strategizing (seeking advice) and executing. There are not many platforms in India which provides unbiased trade advice (from financial analysts across the world) and seamless execution, both at the same time. Since we have been closely observing financial markets and traders’ behavior for over 15+ years, we still see a ‘gap in the market’ and ‘market in the gap’

Earlier, we launched India’s first technical analysis-based research house – CapitalVia, in 2008. Over the years, it has grown exponentially and clocked a revenue of $2 million in FY19. It has changed the way people perceived stock trading in India. Now with 12+ years of experience in financial markets, we wanted to disrupt the way people trade by creating an AI/ML based end-to-end trading strategy marketplace, FintastIQ.

  1. Explain your business and industry ecosystem in India – how are different companies solving different needs, explain the scenario in B2B and B2C?

FintastIQ uses artificial intelligence and machine learning to provide you with an end-to-end solution. It starts at evaluating your SMART goals and risk appetite and ends at providing you a suitable trading strategy and aiding in execution of the same. It helps financial analysts to build, test, list and earn through their own strategies on the platform.

At present, there is no player in the market which is providing an end-to-end solution to the investors along with providing tools to financial analysts for building their strategies. No competition backed by growing Indian Equity markets is a sure shot recipe to make it big.

“Prem Prakash, CEO, CapitalVia Global Research Limited- In today’s digital era, FintastIQ will change the status quo of the investment approach as it will provide an edge to find the closest solution to your financial goals. FintastIQ has the technology, customer research and human-centered design to evaluate the SMART goals and financial profiling to provide a suitable trading strategy. It will not only change the customers perspective about the stock market but bring a unique pulse on cultural trends”

We are different from other startups (smallcase, Motiff, Betterment, TradingView) in similar space in at least three areas:

  • We are the only ones offering a marketplace where financial analysts can list their trading strategies.
  •  The only platform to provide strategies based on investor’s lifestyle, financial goals and risk appetite.
  •  FintastIQ is the only platform where financial analysts can build, back-test, publish, and earn through their trading strategies.We truly believe that within 3 years, we can have more than 500K investors on our platform.

4. How does your product or solution work?

FintastIQ brings together trading community and makes the most sophisticated trading strategies accessible to retail investors, which are otherwise available to UHNIs & Institutional Investors. It helps investors in analyzing the markets smartly, getting actionable alerts and managing trade positions on the go. All this, with a click of a button, on a single platform.

The platform also enables financial analysts to build, back-test, live-test and publish their trading strategies. All these without writing a single line of code.

  1. How did you win your first client and your first paycheque? Please explain in detail

We launched our first strategy with an element of back-testing on historical data and an inbuilt optimization mechanism in it. This strategy was unique in terms of understanding the current market situation and optimizing the setup if the market conditions have changed significantly, thereby, giving an edge to the investors.

We rolled out this product for existing clients of CapitalVia and was well received by them. Based on the feedback, we later brought in a lot more value addition to the product. Then, we launched it commercially in Jan 2018 and got our first paid customer on-board in the same month. That month, we were able to successfully onboard 200+ customers for our product.

So far, we have been successful in terms of providing features and performance which is in line with the expectations from the product and hence the customers are satisfied.

  1. How much have you invested in your company personally?

Since its a new vertical of CapitalVia Global Research Limited, investments have been made in technology, platform development, manpower resource and marketing by CapitalVia itself. There have been no investments made at personal level so far.

  1. Have you raised money or angel round or seed round for your clients in the usa?

No, we have not raised any angel or seed round so far.

  1. What have been the difficulties in building this business?

The biggest challenge of building this model was to stitch all the parts together as everything from idea generation to idea execution is scattered. Bringing this all together through use of extensive technology has been a big task. The second biggest task was to provide some very sophisticated strategies by using state-of-the-art models and algorithms. The next big challenge was about market adoption because anything that challenges the status quo is not easily adopted, but once there are a few early adopters, it flies of well.

  1. What is your business model and how do you make your revenues.

As it will be a marketplace, there will be two revenue streams: one through traders and the second through financial analysts. Both traders and financial analysts would be paying a monthly subscription fee for using the platform. A major share of the revenue would come for traders. We will also charge a one-time milestone/goal achievement fee. Our objective is to bring class product and feature to masses at an affordable price point. We’re estimating revenue of about $500 per user annually and with 500K+ customers, we’ll be generating a revenue of $250 mn in three years.

  1. What was the most difficult cross-border transaction that you have done so far?

We are at the verge of taking it internationally. Our traditional products have been doing great in the international market, we are almost set to take this new age vertical to various international markets soon.  We had participated in RISE conference (Considered as one of the largest gathering of investors, product champions, buyers and innovators) last year at Hong Kong where we had very good traction to our booth and presentation. The audience found it to be a very advanced platform and proposition and we are getting quite a good number of enquires as well.

  1. What is your plan for next 18 months.

We are planning to roll it out in three phases. Our phase -1 would be rolled out (Commercially) by April 21, this would have basic features of FintastIQ and more than 50 tried – tested strategies based on Quant and Technical research. The strategies would be backed-up with 10 years of back-tested data. Our Phase-2 would have a complete inclusion of AI and machine learning based technology which will bring in enough automation to offer seamless experiences to our subscribers. Phase-3, which should be rolled out in last 22- Early 23 would have 360* and one stop solution. You may call it a fully loaded version of FintastIQ which would also be the first in the class.

  1. Anything else that you want to add.

With FintastIQ, we would want to disrupt the trading market and would like to change the way people look at it. This model is easily replicable and we plan to go global in coming few years.

  1. What is the USP/value proposition

FintastIQ uses artificial intelligence and machine learning to provide you with an end-to-end solution, that starts at evaluating your SMART goals and risk appetite and ends at providing you a suitable trading strategy and aiding in execution of the same. It helps financial analysts to build, test, list and earn through their own strategies on the platform.

Some of the major features of the product are:

  •       Strategy Marketplace
  •       End-to-End Trading Ecosystem
  •       Scientific Risk Profiling
  •       Certified Trading Experts
  •       Gamification
  •       Strategies Complementing Lifestyle
  •       Goal based; AI driven strategy selection.
  •       Completely DIY model
  •       Can be replicated Globally.
  •       Trading terminal of strategies

Through DIY model, investors are able to do goal-setting themselves and then pick the strategies best suited for their investment needs. Post that the strategies start suggesting trade recommendations which can then be executed from the portal itself.

  1. What are your revenues like today and how much do you expect to make by the end of this year.

Since, the app has not been formally launched yet, revenue figures are not in public domain. However, as a first step, we have launched the trading strategies through offline channel and onboarded about 5K customers in YTD FY21.

Our next plan is to formally launch the platform and grow exponentially to 500k+ customers over the next three years.