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Artificial intelligence and machine learning are flourishing the global tech market across all kinds of industries in the present scenario. Organizations are transforming their products and services to enhance customer engagement with the implementation of AI and other disruptive technologies. Accelerating the revenue drive with AI helps to transform the market position in Industry 4.0 efficiently. Here is an exclusive interview with Amit Das, CEO, and Co-Founder, chúng tôi who elaborates how the implementation of artificial intelligence and other intelligent solutions of this company can help other organizations to transform their products and services efficiently and effectively in this highly competitive market.1. Kindly brief us about the company, its specialization, and the services that your company offers. 2. Brief us about the proactive Founder/CEO of the company and his contributions towards the company and the industry. 3. Please brief us about the products/services/solutions you provide to your customers and how do they get value out of it.
Think360.ai offers two flagship products, Algo360 and chúng tôi along with analytics and data science consulting services and over 20 accelerators and enablers.4. What are your growth plans for the next 12 months?
The team has had a historical CAGR of 55%+, and as a proudly bootstrapped organization, it plans on continuing and bettering the growth trajectory. To drive this growth, the team will be continuing to make significant investments in driving product roadmap while working closely with clients on their priorities. For instance, with AA, OCEN, open banking, the PDP bill and its implications, RBI’s recent notes on fintech and digital lending industry, the company believes the product roadmap will get accelerated and is quite enthused about the financial inclusion opportunities that will come with it. In a way, the recent surge in BNPL fintechs will further the cause of financial inclusion and the team wants to ensure that it continues to build the most intelligent rails for such innovation and growth. Additionally, it believes that the amount of data that organizations have access to is growing at a tremendous rate, and they will be needing a lot of support from companies like chúng tôi to derive value out of these data investments. The company hopes to increase its footprint to 200+ clients in the next 18 months, and the eventual goal is to power a billion business outcomes!5. How are disruptive technologies like IoT/big data analytics/AI/machine learning/cloud computing impacting today’s innovation?
What these disruptive technologies are really changing are four key levers –
The amount and quality of data available for businesses to work with
Democratization of technology and AI for wider development and consumption
Innovation in the available algorithmic options
Lastly, the ease of deployment of solutions is built by combining these levers.
For instance, credit scores were earlier built on somewhat dated information that banks would share with credit bureaus through a batch upload process. In the current day and time, ML-backed alternate-data products like Algo360 are able to harness huge volumes of unstructured information available through user-consented APIs and create real-time credit scores. Similarly, in smart grid management, predictive anomaly detection, health-care interventions, early warning signals, and all the way to driverless cars – AI is leading to disruptive business outcomes. The team believes the current use-cases are the tip of the iceberg. There will be truly disruptive innovations in personal care, health, and wellness, public policy design and execution, urban transport, energy, and many industries— all powered by the innovation levers present today. It can harness as much data as is available, in near-real-time, aided by infinitely scalable cloud computing infrastructure and highly efficient ML/ DL innovations.6. What is your Leadership Mantra?
The company believes in hiring SWANs—Smart people who can Work hard (and not take their smartness for granted), are deeply Analytical (strong beliefs held lightly – empowered by data), and, most importantly, are Nice (team players, collaborative, inclusive). The four core values of Thinkers – Client Centricity (and not just external clients), Intellectual Curiosity (Jon Snow – you know nothing!), Smart Work (If it can be automated, automate it), and Collaboration (finding your success in your team-mates’ success). These are key to the leadership mantra— Grow together. Grow smartly. Be better than what you were a moment before. As long as one all does that, one will see progress— personal and organizational.7. How can C-suite executives leverage data to deliver business value to their organizations?
Sponsor the core data and insight initiatives from the CEO’s office. When that’s not the case, organizations commission too many reports and dashboards and do not have sufficient action orientation around the data.
For what it’s worth, most client organizations struggle to build a good data science team because they can’t articulate an aspirational career path, provide the requisite support structures, reward them for outcomes (compared to how sales organizations are rewarded), and manage their intellectual needs.
Make the data office an integral component of all business reviews. In fact, data and the CEO’s office should jointly run the PMO when an organization is going through this transition. The only counter-balance to the power data has is the CEO’s office and vice versa.
I’ve heard too many CEOs say this by now. Data and BI are subservient to the business. In that one moment, I’ve seen the entire data science organization feel powerless and deflated. Organizations need to empower their insight teams for success.
Hold accountable. Force the so-what! Unless data and insight conversations focus on the outcome, they soon lose their way.
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Starting a business off ground has never been easy even for the unicorn companies. Steve Jobs had to sell off his Volkswagen to create a million-dollar company like Apple. Planify Capital Private Limited is a fintech company that thinks funding should never be a hurdle in a startup’s path. With many funding options available in the market, it is often difficult to find the ones who know the worth of your business. Planify helps entrepreneurs by providing funding through accredited investors who are quite adept at risk assessment. Analytic Insight has engaged in an exclusive interview with Rajesh Singla, CEO, of Planify.1. Kindly brief us about the company, its specialization, and the services that your company offers.
Planify Capital Private Limited is a fintech start-up with the goal of creating India’s largest private equity marketplace. It is a financially self-sufficient corporation that is self-funded and bootstrapped. It supports start-ups and entrepreneurs in funding through accredited investors. It provides pre-IPO, upcoming IPO, and private equity shares of firms that are going public or plan to go public in the near future, as investors do not get allotment in shares prior to the IPO.
The firm also offers ESOP liquidation services to employees and has previously provided massive liquidity for Paytm, OYO, Delhivery, Boat, and six other companies. It also offers to sell the company and business to assist entrepreneurs in exiting the firm and passing the baton to new founders.2. With what mission and objectives, the company was set up? In short, tell us about your journey since the inception of the company?
The curation of Planify emerged in 2023 from the need to bring cutting-edge tech to the $42 Billion fundraising market and $77 Billion private equity which is completely unorganized.
The company wanted to help investors get detailed information about companies in the private space and hence started providing detailed research reports and selling shares of companies with upcoming IPOs. The company has already sold shares in the private market worth more than 100 crores. Till now it has 10,000+ investors and looking to increase this no. to 50,000.
In FY22, the company entered the fund-raising market and began aiding businesses with various degrees of cash raising. Last year, Planify raised financing for two start-ups, Bazaar India and Madbow, for a total of Rs. 40 crores. The company is seeking to add more to the list this year.
Planify promoted around 9 major firms on its platform, including Paytm, OYO, Delivery, and Boat, and provided significant liquidity of over 45 crores to employees through its ESOP services.
This young firm wants to capture the maximum market through a solution like never before in India. The vision is to be the go-to place for the entrepreneurship and start-up wave in India.3. Mention some of the awards, achievements, recognitions, and clients’ feedback that you feel are notable and valuable for the company.
In FY22, the company saw a 10x increase in revenue and a 33X increase in profit and has crossed the turnover of Rs.150 crore with a 192.5 % return on equity. It is a debt-free corporation with a 10,000+ person investor base and 270+ enterprises dealing with it.4. Kindly mention some of the major challenges the company has faced till now.
Due to a lack of information accessible in the market for private firms, it is difficult to give precise information to investors; nevertheless, Planify stands apart by attempting to dig deeper to obtain all of the information.
Competitors attempt to acquire market share by reducing margins, posing a growing challenge for the corporation.5. How do you see the company and the industry in the future ahead?
Planify seeks to build an integrating platform that allows investors and VCs to acquire all of the information they need about start-ups. It is also focusing on launching start-ups on its platform with the goal of raising funds.
The firm aspires to become the largest private equity company marketplace and to build a massive database for investors to get precise information on private companies, making it a safer decision for them.6. What are your growth plans for the next 12 months?
Planify is trying to establish a large database for investors, by adding more and more research papers to its platform. It is attempting to increase its investment base by 5X; it now has 10,000 investors but expects to reach 50,000 in the coming year.
In addition, the company is partnering with an increasing number of start-ups to raise funds, and it is attempting to carve out a niche in the market by providing valuations, pitch decks, and equity restructuring services to these businesses.
Planify expects to expand its revenue to Rs.273 crore in the current year, up from Rs.150 crore in FY22, and its profit to Rs.21 crore, up from Rs.10 crore in FY22.7. Where do you see growth coming in for the sector?
Every day, India’s young population comes up with fresh start-up ideas, and the government is supporting the Start-up India Program, which creates a demand for new entrants and fledgling entrepreneurs to raise funds, resulting in massive development for this industry.
Also, new investors are entering the stock market, which has had a beneficial influence on this market. This opens the door to opportunities in this category, which is currently unorganized, allowing Planify to stand out in the market.8. what is your biggest USP that differentiates the company from competitors?
Cloud computing was popular and well-established pre-pandemic as well but it has taken the spotlight as a move to remote working was thrust upon us. And it looks like it’s here to stay for a long time. Cloud technologies are moving away from a linear evolution to prepare for an exponential evolution. DigitalOcean simplifies cloud computing so developers and businesses can spend more time building software that changes the world. Analytics Insight has engaged in an exclusive interview with Yancey Spruill, CEO of1. Please brief us about the company, its specialization, and the services that it offers?
DigitalOcean simplifies cloud computing so developers and businesses can spend more time building software that changes the world. Founded in 2012 DigitalOcean is headquartered in New York City with data centers worldwide. DigitalOcean combines the power of simplicity, community, open-source, and customer support, so customers can spend less time managing their infrastructure and devote more time to building innovative applications that drive business growth. We offer a variety of computing, storage, and networking products and solutions that range from simple website hosting and virtual private networks to scalable virtual machines and tools for gaming development, video streaming, and database management — all powered by cloud technology.2. How is your company helping customers in their businesses through the adoption of technology innovations?
When DigitalOcean launched in 2012, other cloud providers were neglecting software developers and small and medium businesses (SMBs). The prices were too high, and the offerings were unnecessarily complicated. We focused on keeping our products simple and that continues to be our differentiator today. While other cloud providers have focused their energies on large enterprises and legacy companies, we are dedicated to building better tools for developers, SMBs, and startups who want to run and scale applications in the cloud. In addition to providing a simple yet performant cloud platform, we offer consumption-based pricing that is simple and transparent. We have also focused on building a true community of developers to support them in building the products of the future. Our community site provides comprehensive tutorials and guides for developers learning to work with Linux and those seeking to create complex setups within their infrastructure. We also provide free 24/7 support to all our customers.3. What is your USP?
Cloud computing does most of the heavy lifting behind the scenes of application development and delivery. It frees up time for developers and businesses to focus on important things, such as developing the next generation of software that will change the world. The beauty of DigitalOcean is its simplicity to scale, both up and down, so that business owners and developers can utilize and use what they need to easily and affordably.5. How does DigitalOcean facilitate the transformation of SMBs and startups? 6. What are your growth plans for the next 12 months?
We will continue to focus on building tools SMBs and developers enjoy using and build the most active and engaged community possible. Last year, we announced the acquisition of Nimbella, a serverless platform provider. We’re focused on fully integrating the offering and look forward to launching it under the DigitalOcean brand this year. We will also continue to invest in our teams worldwide who work with our customers to understand their systems and help them with their migration to the cloud. Our goal is to empower developers and software companies around the world to build amazing things. Our robust, affordable, and simple infrastructure is making the cloud more accessible than ever. India is poised to innovate in a big way in the next decade, and we want to be there to support every business to grow and succeed.7. What is the reason that organizations are using IoT/analytics/big data/AI/ML/Big Data Analytics?
These technologies are measuring and reporting data and data streams from billions of sensors and devices worldwide. By minimizing human intervention, the technologies provide organizations with improved transparency, predictability, and fast execution, which helps in reducing the cost of operations. They are benefitting from analyzing large volumes of data to see patterns and trends and draw informed conclusions.8. How do you see the company and the industry in the future?
For digital websites and other platforms, content metadata is very important as it provides the values which are entered into these fields, such as title, content description, topic, etc. Making a metadata model is a vital job and Fabric is a film and television content metadata platform that enables customers to store identification, editorial, technical, discovery, and AI-generated content metadata for media and entertainment catalogs. Analytics Insight has engaged in an exclusive interview with Rob Delf, CEO of Fabric1. Kindly brief us about the company, its specialization, and the services that your company offers.
Fabric, formerly known as Meta, was created to solve a problem in the entertainment industry. In the early part of this century, television broadcasters were still relying on satellite feeds or hand-delivered DigiBeta tapes to upload footage from live events, such as sporting events. It was a huge logistical problem. The answer was to encode the footage down in a way that could be delivered via the Internet.
Once we solved the technical problem of quickly transferring entertainment content, we began tackling the problem of managing it. As the bandwidth of the Internet increased, allowing for the first time a free flow transfer of film and TV programming, suddenly there was all this new data to manage — everything from subtitles to marketing collateral, and complicated even further by cultural differences and legal requirements between various countries. A typical studio might be delivering content to 200 linear channels in 80 languages. Thus, the company is known today as Fabric was born to manage this massive amount of data and make it accessible in real-time to all of a client’s stakeholders.3. Kindly share your point of view on the current scenario of Big Data Analytics and its future.
It’s the best and worst of times. The good news is that we have the AI technology and the unified data architecture for the media and entertainment industry to seamlessly manage their content catalogs. The problem is that the technology is not being adopted quickly enough. Opportunities to maximize content by, for example, enhancing the user’s experience on streaming platforms, are being lost. Thus, as the Harvard Business Review recently pointed out, bad data in the U.S. alone is costing businesses $3 trillion annually.4. What are the key trends driving the growth in Big Data analytics/AI/Machine Learning?
Churn, or the loss of subscribers, is a huge problem at the moment among streaming platforms and Hollywood content providers. One of the leading factors is poor user experience. A lot of that is driven by bad metadata. People can’t find it, it’s not described correctly, or doesn’t appear at all. The magic number for the industry is three. According to research, if a viewer interacts with your streaming service three times a month or more, the likelihood of churn drops to 20%. But if they watch one or two pieces of content a month, then the churn rate is at 80% or more. The streamers hate churn, but it’s a big side effect of having bad metadata.5. What does your technology and business roadmap look like for the rest of the year?
The future of metadata revolves around hyper-personalization. Approximately 80% of all views on streaming platforms today come from recommendations, yet 7 out of 10 consumers think that streamers’ recommendations are terrible.
After experiencing a meteoric rise in the two years leading up to COVID and then experiencing an even bigger spike at the beginning of the pandemic, streaming platforms including industry leader Netflix are experiencing slowing subscriber growth. Why? Pundits have suggested the answer is a combination of the saturation of its core audience and increasing competition. Let’s accept that analysis as good as any — the harder question is, what to do next?
Rather, streamers should be focused on creating a unified data architecture to build true customer-centricity. It’s not a lack of data. The amount of data collected by streamers and broadcasters on a daily basis is overwhelming. In fact, that’s the problem. Too much data is going to waste because it’s not being analyzed properly to provide useful, actionable information about customer behavior.6. How is your company helping customers deliver relevant business outcomes through the adoption of the company’s technology innovations?
Q1: Kindly Elaborate More About the PCI Security Standards Council and its Operations in India
The PCI Security Standards Council (PCI SSC), is a global forum that brings together payments industry stakeholders for the ongoing development, enhancement, storage, dissemination, and implementation of security standards for account data protection. In India, our main objective has been to drive awareness and encourage the adoption of the PCI security standards for payment card security. We have been working closely with merchants, acquirers, financial institutions, security practitioners, law enforcement, and other key stakeholders across the Indian payment ecosystem, to not only promote PCI standards but also help the ever-growing payments industry focus on security.Q2: What are Some of the Notable Impacts that the PCI Council has Made in the Last Three Years?
India is a dynamic market and unique in how its technological innovation is driving change in the payments landscape. However, the rising threat of cybercrime and data security breaches are an ever-increasing concern in the country. To address these concerns, over the last three years we have raised awareness around the importance of payment data security and the adoption of the PCI security standards. We have also highlighted how the PCI’s Participating Organization (PO) program provides Indian businesses with the opportunity to participate in the development of standards alongside global companies. Furthermore, to help address the shortage of trained cybersecurity professionals in India, we have worked to increase the number of people who have received PCI professional education. This training provides the necessary tools to help organizations build a secure payment environment. As more security experts are trained on PCI standards and resources, Indian businesses will be better placed to mitigate the impact of cybercrime.Q3: Given that India is Among the Most Cyber-attacked Country, How Do the Standards help in Protecting the Payment Card Data?
The PCI SSC develops security standards and guidance to help businesses keep their payment data safe. While PCI standards are global, the involvement of PCI POs in the development of the standards is vitally important to ensure the standards account for regional nuances. PCI SSC POs can provide feedback on standards, participate in Special Interest Groups (SIG) and run for the Board of Advisors (BoA), all of which have an important role in helping improve payment security worldwide, as well as in India. The PCI SSC, also helps organizations make the most of new technology by providing guidance and developing standards on some of the latest payment methods and channels. This includes our PCI Contactless Payments on COTS CPCC Solutions, which helps enable contactless payment acceptance using NFC technology, and our Point-to-Point Encryption (P2PE) Solutions. To properly tap into the growth potential of digital payments methods, businesses need to ensure that they are using these emerging payments channels securely. However, the latest standards alone are not enough. We also need to bridge the gap of skilled payment security professionals in India, to ensure that the latest standards are being properly implemented. This can be done by engaging in industry training programs, including our PCI Professional Qualification, as well as reading the latest materials on how to properly implement and assess PCI standards. When organizations build security into their fundamental business processes, it puts them in a better position to deal with the rapidly changing threats of cybercrime and enables them to adopt newer payments technology more securely.Q4: What is the Industry Sentiment When it Comes to the Acceptance and Adoption of PCI standards?
We are already seeing some great steps being taken to address some of the most important issues in payment card security in India. Industry collaboration both domestically and globally continues to be hugely important to help tackle the growing threat of cybercrime. The potent combination of sharing best practices through the PCI SSC PO program, global industry collaboration, and enhancements to payments infrastructure, all continue to help protect the growth of the payment industry and combat cybercrime in India.Q5: What, According to you, are the Top Three Cyberattacks to watch for and How can Businesses and People Protect Themselves from Them?
Online digital skimming, Social Engineering, and Ransomware are three types of cyberattacks that have the potential to disrupt business operations. Online digital skimming, is used to steal personal data from online payment forms, such as email addresses, passwords, and credit card numbers. To help prevent these attacks, companies should adopt the appropriate data security standards and encourage employees to follow them. Businesses should also invest in employee training to ensure that security is ingrained in their company’s culture as well as their devices. Keeping all company software, hardware, and tools up to date and patched can also help minimize the risk of falling victim to a cyberattack. Secondly, social engineering is the use of psychological manipulation to gain access to systems or data, relying on human trust and goodwill to perform a successful attack. In social engineering attacks, fraudsters will attempt to persuade users to make security errors or share critical information, often over email. It comes in five forms including baiting, scareware, pretexting, phishing, and spare phishing. To mitigate the risk of falling prey to these attacks, individuals should ensure that they do not open emails and attachments from unknown or suspicious sources. They should also use Multi-factor Authentication (MFA) to make it more difficult for cybercriminals to access their information. Finally, ransomware is where cybercriminals prevent a user from accessing their information by locking their computer or encrypting their files until a ransom is paid. Maintaining strong passwords and backing up business-critical information can help minimize the risk of a successful ransomware attack. Additionally, individuals should also keep their systems up to date and avoid downloading or installing anything from unknown sources.Q6: What is Next for the Council and the Payments Ecosystem here in India?
The road ahead for the PCI Council is very exciting. One of our most anticipated developments in payment card data security is the introduction of PCI Data Security Standards (DSS) version 4.0 which aims to: • Ensure that the security standards continue to meet the security needs of the payments industry • Add flexibility and support for additional methodologies to achieve security • Promote security as a continuous process and enhances validation methods and procedures.
To evolve in this era of digital acceleration, organizations need a high level of IT flexibility to undergo the technology migration from legacy to cloud, without any disruption while ensuring high returns on the investment. Micro Focus is one of the world’s largest enterprise software providers delivering mission-critical technology and solutions to help customers globally manage their core IT elements so they can run and transform, at the same time. Analytics Insight has engaged in an exclusive interview with Saurabh Saxena, Country Director, Micro Focus.1. Kindly brief us about the company, its specialization, and the services that your company offers.
Micro Focus is one of the world’s largest enterprise software providers delivering mission-critical technology and solutions to help customers globally manage their core IT elements so they can run and transform, at the same time. To evolve in this era of digital acceleration, organizations need a high level of IT flexibility to undergo the technology migration from legacy to cloud, without any disruption while ensuring high returns on the investment. Micro Focus enables its customer to evolve as a digital-first company by bridging its existing and emerging technologies to ensure agility and business continuity by:
Simplifying IT transformation through hybrid IT management
Accelerating application delivery through software development for delivering business value
Strengthening cyber resilience to mitigate, defend and recover from
Empowering data with insight-driven decisions through predictive analytics
Modernizing core applications with DevOps2. How has the adoption of hybrid IT/cloud evolved over the last few years?
In the post-pandemic world, organizations globally have witnessed a massive shift in their IT infrastructure for ensuring business continuity amidst uncertain times. Businesses have moved to hybrid IT to support remote working and provide accessibility to employees anywhere in the world. Digitization has become core to staying relevant in the present world i.e., the adoption of emerging technologies for agility and seamless operations. As these technologies get integrated, IT teams are exploring the vast opportunities provided by the hybrid cloud. According to IDC, by this year 70% of enterprises will integrate cloud management by deploying unified hybrid/multi-cloud technologies, management tools, and processes.3. The industry is seeing a rising importance of business and technology enablers like virtualization, convergence, and cloud. How do you see these emerging technologies impact your business sector? 4. How does your company’s strategy facilitate the transformation of an enterprise? 5. Which industry verticals are you currently focusing on? And what is your go-to-market strategy for the same?
We are witnessing increased digital appetite across sectors – BFSI, government and PSU, IT-ITES, etc. We are working with the Government of India on over 50% of India’s smart city projects, in Digital India projects such as BharatNet, State Data centers, and State-wide Area networks to aid citizen services under various programs. There has also been an increase in digital adoption in the IT-ITeS sector due to the growing need for digital capabilities and DevSecOps. We are also helping FSI and public sector clients in managing the increased number of concurrent users on their platforms through our load testing applications. We are assisting customers in the banking space to integrate automation into their application lifecycle for increased agility and performance.
We are a channel-focused enterprise, expanding our partner ecosystem through different initiatives and our global partner program. Almost 90% of our engagements with end customers are done with the help of our channel partners ensuring that we meet all the business demands of our customers across environments and sectors. Our partner program especially in the India and APJ region provides extended services and support to our channel partners through portfolio enhancements, training, and certifications, and upselling and cross-selling opportunities for high profitability and more opportunities.6. What does your technology and business roadmap look like for the rest of the year?
With a robust and granular plan, we are set to achieve our core financial objectives for FY23, and we have a strong foundation to execute from. In 2023, we have introduced new digital, analytics, and cyber resilience capabilities and solutions in every portfolio to deliver higher outcomes in operation and customer satisfaction. Our reshaped consulting practice is aimed at delivering projects that will add value to our customers through greater agility and seamless software deployment. We are focused on delivering solutions in the six product groups of Application Modernization & Connectivity, Application Delivery Management, IT Operations Management, Cyber resilience, Information Management & Governance, and Vertica, the core analytical platform by Micro Focus. Our key areas of action in 2023 are helping enterprises adopt a product-centric mindset, secure their digital value chain, application modernization, and offer our array of professional services.
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