Digital Transformation


  

Changing the game: Technological disruptions in the Indian Insurance Sector

Did you know that there are more than 55 life insurance and non-life insurance companies that operate in India alone? That’s a huge number, and it allows for fierce competition! Owing to individuals’ higher disposable income, increasing life expectancy, economic growth of the country and the Government’s increased FDI limit, investments in the insurance sector have increased manifold and the horizon for growth has expanded even further. With a CAGR of 14.4 percent, research and predictions state that the Indian insurance industry will reach $280 billion by 2020. While the last decade saw a lot of scale, the upcoming decade is all about operational efficiency backed by technology! The Insurance companies that do not leverage technology to reduce their overheads and increase operation effici...

The Age of Convenience – Bringing brands one step closer to their customers

Only a couple of decades ago, the quintessential match-viewing experience included adjusting the antenna for a better signal. How many of us even think of antennas today? That’s the mark DTH services made, not too long ago. That is how convenience has taken over. Today the world gets everything done through instant and personal conversations. Millennial brands operate by asking simple questions like “Where to?”, “What do you want to listen to today?”, Alexa, how can I cook Lasagne?” Answering these simple questions with the help of conversational tools is giving brands an opportunity to make things easy and convenient for the consumers. Brands have been successful in providing customers with the service and support for better ease and convenience. 2 billion+ conversations happen in real ti...

Digital Transformation and the Changing Developer Role

I recently met an old college friend, after many years. After the usual catching up about life, the conversation shifted to work. He now works as a machine learning scientist, and as we all know, ML is one of the biggest tech trends driving digital disruption today. We spoke a lot about the digital age, and the conversation delved more into how ML is now a perceived threat to traditional developer roles. In fact, he even went on to say that some computers are already working better than humans, and the possibility of me being out of a job, owing this automated success is very real. I don’t know if what got me thinking was the fact that this came from a friend, or the stats and figures he presented, but I thought long and hard about the impact technology has on our work today. There was a t...

Easyport – Trying to solve for freight issues in agriculture and MSMEs with one click truck booking service!

During the NIPP challenge in June 2019, I met a start-up whose founder a passionate engineering student from Bhopal was keen on solving the freight issues faced by agriculture and MSMEs. And he seems to be solving it with his freight mobility application ‘Easyport’, which was launched in February 2019. This young student entrepreneur is Atharva Kulkarni, founder of SmartUp, whose EasyPort app is trying to solve the truck booking (freight) problems for agriculture and MSMEs in tier 2, 3 & 4.   The Indian Freight Market In India, road remains the most preferred mode of travel despite its notional cost disadvantage, considering it is more reliable compared to rail and waterways. Though the demand for road freight is high and increasing, on the supply side the market is highly fragmented w...

Indian companies are investing in HR technologies to automate tasks and cut costs

Nearly 70% of firms in the country have automated half of their HR functions, including day-to-day operations like performance management, recruitments, collaboration and communication. Their core objectives to automate these processes are to increase the effectiveness of the HR functions, empower leaders to manage workflows, improve execution/implementation of HR policies and saving on costs being the main reason behind the investment. The findings are from State of Human Resource Technology India 2019-’20 report published by People Matters, a Gurugram-based multimedia organisation specialising in human resource services, after reaching out to 250 multinational companies and small and medium businesses in the country between June and July to identify key trends in the sector. When evaluat...

Asset Performance Management: Best Practices

The Q3 ARC WebWindow on Asset Performance Management Best Practices. APM’s goal is to constantly optimize the performance of industrial assets.  Asset performance management (APM) is a term that has received a lot of attention recently due to the new possibilities provided by Industrial IoT. WebWindow on Asset Performance Management ARC Europe will present its Q3 WebWindow: “Asset Performance Management: Best Practices” on Tuesday, August 20th, 2019 at 10.30AM CET and 3.30PM CET. (Please click timeslot to register) The WebWindow will cover the following points and more. Asset management includes long term vision, planning and management aspects in which a portfolio of assets are optimized for their value over their lifecycles.  Asset Performance Management has as goal to optimize the perfo...

Driving digital transformation: how to find the right talent to augment your digital strategy

Every organization is now undergoing through some form of Digital change. Companies are placing their future bets on how quickly they can adopt digital to their core to accelerate their growth. Individuals are also constantly challenged to keep up with the new technologies that enterprises are looking to implement. This is a great shift to how enterprises used to operate just a few years back when digital was just a buzz word. We have seen traditional businesses build multi-billion dollar businesses over a very long period of time. The new age digital players are now able to build equally valued companies at much rapid scale and disrupting several traditional industries. To keep up enterprises need to invest in the right talent strategy to augment their digital vision. Sonata’s CEO Mr. Sri...

LOW CODE IS DISRUPTING THE INFORMATION SYSTEMS

Worldwide IT spending is projected to total $3.8 trillion in 2019, according to the latest forecast by Gartner, Inc. ‘Digital’ is the buzz word. Digital transformation has risen to top organizational agendas. Digital transformation is about becoming a digital enterprise: an organization that uses data and technology to continuously evolve all aspects of its business models—what it offers, how it sells (interacts with its customers) and delivers, and how it operates, says Deloitte   Technology for productivity, engagement, and efficiency. We, at DronaHQ strongly believe “Technology can empower organizations or individuals to drastically increase productivity, offer better engagement, enhance efficiency”.  Applications make it easier to transact or process any information, show status o...

How Design Thinking Aids a Digital First Culture

My favourite Chinese proverb says ‘May you live in interesting times.’ I believe that time is today. Especially for the IT sector. The one phenomenon in technology that’s caught everyone’s attention is digital transformation. Turbulent, innovative, agile and uncertain, but very interesting. Industries like finance, healthcare, education and retail have already embraced it, and almost all organisations today have a singular goal: becoming an independent technologically enabled enterprise. Bringing modernized, sophisticated tech to companies that used clunky systems and floors filled with servers is not easy, and most leaders, while reducing operational hurdles, forget what’s most important: the people. Big problem there. Embracing digital first cultures If I had to define how massive a cult...

Oilfield Operations Management Systems Empowering Digital Transformation

ARC has been blogging over the last several years about how IIoT-enabled solutions are providing material improvements and business value to owner-operators and independent E&P forms in the upstream oil & gas segment.  Companies in the oilfield have the greatest opportunity to benefit from investments in automation and IIoT-enabled solutions that can help them realize operational excellence in their oilfield operations management. Oilfield operations management systems are critical tools of survival The global upstream oil and gas segment has been recovering from an unprecedented downturn that lasted almost three years and which had seen CapEx reduced by over $700 billion since the summer of 2014 and the number of bankruptcies exceed well over 100 companies.  Layoffs exceeded 400,0...