SigmaWay Blog

After the Government’s Initiative to help start-ups, many youngsters are becoming inclined toward their own start-up. Starting a new Business and taking it to the level of success is tougher job than working with MNCs. Also, the possibility is very less. So, some aspects should be considered before starting a Business: 1) Every Entrepreneur should know at least one web development tool and one programming language. 2) Entrepreneur should never initiate a business which is completely dependent on funder’s money. 3) Every Entrepreneur should play with their own strength first. 4) Every Entrepreneur should learn to say “No”. Read more at: https://www.entrepreneur.com/article/296286

More than 4 billion searches are performed through Google with a need and those businesses that can fulfill these needs are the ones who are gaining success. To attract customers to any brand, one needs to grasp what people are looking for. This is what user intent is. There are three types and stage of User intent: Navigational: user looks for something specific, Informational: User is researching and gathering information about the product, Transactional: In this stage, the user is ready to buy. The brand must be ready for these three stages of user intention. Below are the ways that helps in determining user intent: 1) Going beyond key words. 2) Considering the buying cycle. 3) Identifying the queries. 4) Understanding the customers. 5) Ask your customers directly. Read more at: https://www.entrepreneur.com/article/294650

Is big data serving these businesses or is it just obscuring the decision-making procedure? Collective with analytics, Big data has numerous applications and is cast-off to find responses to glitches in a variation of businesses, it can benefit them comprehend customer behavior and get the most out of business procedures. But like so numerous things that complete good in concept, it’s not precisely working out for numerous organizations. 36% say that it has caused data overload and has made procedure of decision making poorer. Combination of the info with classy analytics tools can benefit organizations to turn rare and formless data into planned insight to get ahead of the struggle.  Since more business operators need to be able to take this data and produce intellect around it, demand is increasing for analytics tools. Read more at: http://www.hadoop360.datasciencecentral.com/blog/is-big-data-harm-or-good

Google came with Android O and Apple came up with IOS 11. So, which one’s winning the race? The nutshell answer is Android O. A comparative study has been done to show this. Android O: multitasking, notification dot on the app icon, intelligent text selection, auto-fill, prolonged battery life. IOS 11: pay through iMessage, collaborating speakers, beautified AR effect, live photos, less memory clogging, DND while driving.  Both are equipped with voice assistant, but Google is a step ahead and can recognize objects and you can type queries relating to those objects if you don’t want to speak them. Apple is way backdated with AR and VR as compared with Google who uses AI. Read more at: https://www.entrepreneur.com/article/295854

Flipboard can be used for client branding products but also used as a blogging tools these days. There can be different blogging approaches. 1)The Flipboard Traditional Blog: For an easier read, articles from existing blogs are added. It helps in subdividing categories and is a great method to share. It helps in gaining visibility. 2)The Flipboard Enhanced Blog: It is a higher version which includes the ones in traditional blog plus the Flipboard tools. It is easy to read and if you are not interested then you can ‘flip’ to the next section. 3)The Flipboard Supercharged Blog: The entire blogging happens in the app. It is an ideal format for personal branding and public speakers. The other two styles of blogging can also be followed with the last one to add more content. After you are done with it, what’s next? Now invite other bloggers to share their stories in your magazines. This method is of tremendous potential if one has a business. Read more at: http://www.business2community.com/social-media/effective-use-flipboard-using-app-blog-01866368#5sc8IXrgOJLbeHfU.97

In the present scenario, as the layoffs are going on in IT industry, economists predicted that Indian market can absorb it in the next 2 quarters. But the recruitment will rise more for senior-level and CXO compared to entry and middle-level hiring because of disruption by automation. Companies should effectively and continuously measure the quality of their hires with productivity evaluation, feedback from hiring managers, employee retention. Also, to retain the employees, employer branding is necessary. This cannot be achieved overnight, and takes a sustained effort from all existing employees to create. For this, of course, the right sort of environment needs to be created at the workplace. It will make it easier to attract the best people. Read more at: https://www.entrepreneur.com/article/295600

Nowadays, many organizations use data and analytics to understand customers, develop new products and optimize business processes. 

“Organizations able to take advantage of the new generation of business analytics solutions can leverage digital transformation to adapt to disruptive changes and create competitive differentiation in their markets,” said IDC analyst Dan Vesset in a statement issued in conjunction with the release of IDC’s Worldwide Semiannual Big Data and Analytics Spending Guide earlier this year.  A recent Forrester Research study also found that, 50% of businesses now use data and analytics tools to analyze their existing customers, while 48% use them to find new customers and 47% use them to develop new products and services. Read more at: http://www.cio.com/article/3147293/analytics/analytics-50-how-big-data-innovators-reap-results.html#tk.ciofsb

How will Artificial Intelligence facilitate the healthcare sector? This is the question that needs to be answered. The greatest returns to investments are likely to come from medical imaging and diagnostics and drug recovery. According to Accenture, virtual nursing and robot-operated surgery can be efficient and cost effective. Fraud detection and error in dosage detection can be performed by AI. Thus, healthcare sector can grow at a tremendous pace using AI. Read more at http://fortune.com/2017/06/19/healthcare-artificial-intelligence-accenture/

Businesses need to keep track with the dynamic environment, changing competitor strategies and its market share to stay ahead. But to do this companies hire analysts or redistribute work among the existing employees. This involves an additional money cost apart from the time taken to select appropriate employees. Also there involves dissemination of information after figuring out its format. Outsourcing a market intelligence service to MI provider such as Sigmaway LLC  would reduce effort and cost of the company where a skilled team of analysts are better able to monitor changing patterns. Read more at: http://www.shiftcentral.com/the-benefits-of-outsourcing-an-mi-service

The reason behind continuous increase in efficiency and productivity for some businesses is their clear focus on a culture of continuous improvement and innovation. In majority of the cases, the reasons behind weak process culture are- lack of staff management, little or no collaboration among employees along with low morale, and unhelpful business process documentation. Fortunately, this weak process culture can be fixed. The fixing process starts with demonstration of active leadership. This requires some engagement and communication with the staff like celebrating the successes, making communication personal and fostering healthy competitions, and using discussion threads along with the ‘like’ button for feedback. The other fixing step is to Appoint Chief Process Officer(CPO) and process champions to communicate their vision of improvement to the entire staff, and substantiate it with evidences. All this can’t be successful until the real process owners, i.e., those responsible for operating the process efficiently, are not empowered. Read more at: http://www.utilityproducts.com/articles/print/volume-21/issue-5/feature-stories/secret-to-unleashing-an-unstoppable-improvement-culture.html

Interactive data analysis is very important so as to avoid making wrong mindless conclusions about given data. Firstly, it saves one from wrongly reporting values which are not statistically possible. IDA is also required for the development of new technology. Data analytics is also useful in fields like biomedical research. But IDA and data analysis workflows are not fully appreciated by decision makers, although implementing workflows when they are not matured enough can have negative effects. For developing rigorous tools IDA is very important, it is needed to assure that the process is performing well and as expected. Read more at: https://simplystatistics.org/2017/04/03/interactive-data-analysis/

The first and foremost usefulness of artificial intelligence lies in the fact that it helps companies to predict the outcome of a conference call which is profitable for the company. AI is mainly based on machine learning and it helps in solving problems using past experience, known variables and outcomes, thus replacing the jobs that were previously performed by humans. But in case of company outlook this cannot be used as there are no past experiences to depend on, also risks and opportunities maybe overlooked. AI can also be useful when there is ‘bionic fusion’ which is facilitated by meta-vision. Meta-Vision helps in navigating market forces and assessing the competition to monitoring public relations media engineering. Thus, it can be seen that with the help of AI and meta-vision, predictions can be made about quarterly earnings calls, earned media, etc. Read more at: http://www.datasciencecentral.com/profiles/blogs/artificial-intelligence-in-enterprise-meta-vision-improves

A logical data warehouse is a data management architecture for analytics, which combines the strengths of traditional repository warehouses with alternative data management and access strategy. It provides an abstraction and integration layer that hides details from users of the data, thus allowing the users to easily access data in traditional data warehouses. With the growth of data volume, data will be multi-structured and won’t fit into the existing databases, thus leading to the formation of many data stores which won’t allow getting full value out of the data. Whereas, the logical data warehouse allows one to access and govern these different data stores as if they were a single logical data store, thus making it easy. Read more at: http://www.datavirtualizationblog.com/logical-data-warehouses-matter/

An agile approach is to identify smaller data governance initiatives based on strategic projects or business needs, and build from there.

Following these steps, the data governance program can be set up as a highly structured organization and set of defined processes with tools and templates, or it can be set up as a less structured team of individuals who work together to accomplish the goals and work through the roadmap.

The approach you decide to take should be one that correlates to your organization’s culture, data management maturity level, data governance objectives and desire for structure.

Can data governance be agile? Many organizations are now recognizing the need for data governance but are still struggling with the right way to structure it. Read more at: http://www.cio.com/article/3203410/data-management/can-data-governance-be-agile.html

Despite the challenges that lie ahead to start the big business at once, there is a way to become a millionaire even when one starts with smaller investment. One should: 1) Focus on Learning, not big gain. This builds foundations for long term gains. 2) Learn loads about any topic online. This will advance one much faster. 3) Focus on the Niche one loves. This will provide huge gains. 4) Prove your expertise by creating free content. In this way, try to earn reputation through the content and this will help one to build relationship with the others who value your work. And from there, everyone gets richer. Read more at : https://www.entrepreneur.com/article/296109

There is no more secret that every Business or Industry needs App for growth. Mobile app developing companies had revenue figures of $69.7 billion in 2015 and expected to have $189 billon by 2020. Companies are always looking for the app which has easier interface and marketing of the app. There is also some myth about Mobile Apps: 1) Users and Customers are synonyms: This is not so, only 10% of users are customers. 2) Good apps don’t need marketing. This is also not true. 3) Many Company thinks that users have stopped downloading apps but this is just a rumor because people installs and uninstall the app daily. 4) Developing Mobile apps are costly job depending on the type of app. 5) Few mobile apps need the internet. Read more at : https://www.entrepreneur.com/article/296230

The Reserve Bank of India has set up small and payments banks in India for fulfilling the aim of financial inclusion in India. Non-Banking Finance Companies, telephone companies, super-market chains and public-sector entities can set up payments banks. Small banks can be promoted by individuals with related experience or companies. NBFC’s and MFI’s can convert themselves into small banks. The main objective of small banks in providing credit to small farmers, micro industries or another unorganized sector. Payment banks provide small savings account and remittance services. These banks are not allowed to lend credit. Services by both these banks are restricted to neighbouring districts though later on they can expand their operations. Read more at: https://www.legistify.com/blogs/view_detail/606-small-payment-banks-future-of-local-banking

To analyze and harness the data properly, businesses are now using a technique called IoT that will that will leverage the data internally as well externally. Organizations are using IoT data technology for profit maximization, for efficiency and also for decision making. Cloud computing help business by IoT method. Therefore, business intelligence must be brought up with continues method. Read more at:
https://industrialinternetnow.com/deciding-factor-utilize-iot-data-analytics-business-intelligence/

The intellectual strength that is overpassing humans and releasing more like a virus. The power of Machine is getting stronger than can human possesses or possess to think. Several areas where prediction is just a matter of seconds for machines are creating more influence than humans esp. in the field of Medicine. Many universities are allowing their work to adapt with AI learning by different nodes. On the other side, the search engine Google also making plans enrolling AI developments. Read more at: "target_blank>https://www.engadget.com/2017/05/31/ai-is-already-beating-us-at-our-own-game/

With the stress towards financial inclusion by the Indian Government and adoption of online banking and digital payments, a greater need to manage huge data arises which increase revenue and bank’s customers’. Data analytics can manage greater systematic risks. Also, effective engagement with customers is possible with technologies like chatbots. Innovations would attract new customers in a dynamic and competitive environment. Profiling as well as looking at the life cycle of each customer would create opportunities for more avenues of revenue and thereby minimizing risk of defaults. Getting a market overview by means of data analytics would help banks in deciding on their business strategies. Read more at: http://analyticsindiamag.com/data-analytics-expedite-financial-inclusion/