Search
Register

Recalibrating our People Strategies in a post-COVID World

|

By Samir Prakash, Chief Human Resource Officer, Indian Energy Exchange Limited The on-going pandemic has certainly afflicted all nations with unexpected challenges at all levels – individual, social as well as economic. It has not only made every one of us review and redefine our strategies and priorities but has also led to the restructuring of our ways of working, especially at an organisational level, as we prepare to stay relevant and ahead of time. IEX is strongly rooted in employee first principal and this is a key pivot for us as an organization. ‘Work from home’ has been a very common topic of review and discussion to many organisations. Today, most of us are able to continue making significant contributions towards keeping India’s economic engine moving, despite being confined to ...

How Corona Has Impacted Blockchain Payments?

|

Cryptocurrencies such as bitcoin are slowly making a transition from speculative investment instruments to payments. Special attention to payment habits and the financial life cycle as the COVID-19 pandemic leads to more calls for dematerialization of payments. Overview Impacts Geographic location matters significantly when measuring awareness of cryptocurrencies and interest in making cryptocurrency payments for goods and services. For customers, any transition from currency speculators to retail shoppers is not straightforward. And most consumers are not currency speculators. The acceptance cost for businesses will be significant, especially compared to alternative existing payment options. Companies accepting cryptocurrencies as payment for goods and services may benefit from short...

Digital Hybrid Workplace: Adapting to the New (Ab)normal

|

By Prashanth Machaiah and Jemkumar Mathew, Fidelity Investments, India For any organization, especially in these times, ensuring business continuity and seamless business operations amid various uncertainties including employee health and safety, bearish markets, and changing customer requirements can be quite challenging. In this scenario, several enterprises have taken tangible actions to effectively prepare for this new (ab)normal. IT infrastructure One of the foremost requirements of any industry leader in these times is to get ahead of the curve, be prepared for any eventuality and be an early mover. Building technology infrastructure capacity and business resiliency in a timely and periodic manner is a key enabler for ensuring a seamless, smooth and high-speed technology experience f...

India’s economic challenges and revival post-COVID-19

|

India is likely to end up with an elongated U-shape recovery. After hitting rock bottom this year, the economy will start its recovery in the next financial year (2021-22). But it sure will not be easy and It just won’t be straightforward. From the beginning of the Covid-19 crisis, economists have been remarkably united on what policymakers should and should not worry about from an economic perspective. The very sharp fall in GDP resulting from health-related restrictions, as well as individuals’ own decisions, is not the main concern – indeed, it is necessary to suppress the virus and therefore allow economic recovery. Rather it is to prevent permanent damage to the economy that government and policy makers should worry about. For India, the pandemic sauntered on stage when the economic s...

How Point of Sale solution is helping retailers amid COVID-19

|

COVID-19 outbreak has affected all the companies including hard-working owners, distributors, producers, delivery drivers, workers, and all sorts of retailers. Government and social reactions are evolving at a rapid rate, and we agree, there is nothing important than supporting them. But due to this situation, small businesses and retailers are failing with the current operating system and need a robust solution like POS. It helps to ring up transactions, measure inventory, and accept payments. A best POS system can track data from transactions, maintain inventory, produce reports, and store contact data from customers. Here’s how POS solutions are making the lives of retailers easier. A POS system at your retail store rings out orders, monitors inventory, and helps your business grow...

Business Continuity Plans – Foundation for a Better Future

|

With the current, continued impact of COVID-19, combined with the ongoing potential of disastrous weather or other business-destabilizing events, having a solid Business Continuity Plan is more critical than ever before. At the core of any BCP is people. Even more so given that work at home has become the new norm. As we look back at the last few months, the traditional BPC definition has evolved: The conventional ways of planning at country, city, site, and program level has now moved to an individual level BCP’s must be high-tech and high-touch due to location diversity of our people Rapid changes in business dynamics driven by ground realities   There are many nuances to consider when building a BCP in this new normal: Deep trust and agile entrepreneurial leadership to co-create an...

The Pandemic Infodemic

|

Infodemic refers to the spread of fake news around coronavirus pandemic. While experts claim that false information around this topic is spreading faster than the virus itself, here is a strategy tech giants claim to be following to inhibit the spread of falsehood: Promoting good information: Highlighting the best information is paramount. Searching coronavirus on Google and YouTube will get you the latest stories from trusted news sources, followed by links to WHO and CDC. On similar lines, Amazon, Facebook and Twitter are giving away advertising slots to trusted organizations to spread the right message. Demoting bad information: This is where social media platforms plugin fact-checking platforms which induce AI to label potentially incorrect information as “false”. In such a case, user ...

How Automation will impact the way we work?

|

I happened to interview IAS officer Aditya Ranjan, who turned his passion for Robotics into reality by creating the COVID Cobot in his district Chaibasa to carry out food and medicine delivery services to COVID suspected or positive patients. It amazed me to see the work he did and I was intrigued to learn more. “The bot performs basic delivery services with ease,” he said thereby reducing risk of constantly coming in human contact with other members. “What is it that the bot cannot do then?” I enquired. “Well it cannot be empathetic. It cannot think of the next best possible creative solution. It cannot perform critical thinking activities. But it helps me and my team members perform these activities instead,” he gushed.     According to the Pew Research Center Survey on ‘Automa...

Remote Working after COVID – Technology to enable the New Normal

|

The decade has started off on the wrong foot with a massive global health crisis. However, the COVID pandemic has been an eye opener and has forced us to scrutinize the dysfunction that has been latent within the human collective. In a sense, the continuing outbreak can be viewed as a necessary evil of sorts, a precursor to systemic and individual transformation. In the midst of all this upheaval, the workplace and corporate culture is witnessing a paradigm shift. For starters, the majority of the global workforce moved to working from home in the blink of an eye. The newly remote workforce necessitated immediate and drastic changes at a strategic and policy level of all organizations. The main concern was that of productivity – companies were worried that productivity levels would drop wi...

Is COVID-19 a Boon or Bane?

|

“Change is the law of the universe. What you think of as death, indeed life. In one instance you can be a millionaire, and in the other instance, you can be steeped in poverty. Yours and mine, big and small-erase these ideas from your mind. Then everything is your and you belong to everyone”. – By Lord Krishna. Change is inevitable. All predictions and estimations are not in our hands now. The world has become volatile. Nobody could have anticipated the catastrophe that is in front of us. COVID-19 has risen as something new, phenomenal and nobody has any thought of it. One thing is sure, nothing will ever be the same again. Every coin has two faces, not everything we see today is the wretch. There is some change which leads to a better world about post COVID-19. Let’s have a look at what c...