Sree Vijaykumar | From the Editor's Desk
Amazon has built its empire on incremental shifts in retail convenience - starting with e-commerce itself. Enter Ether-commerce, where products order themselves, and you are never out of stock. In late 2015, its Dash Replenishment Service (DRS) came online. It's Dash Button but without the button: Manufacturers large and small can bake automated purchasing into their devices, so long as those devices run software and can talk to the Internet. As of January, Brother and Samsung printers, Gmate glucose meters, and GE washers began ordering supplies for themselves without human intervention. The whole thing seems preposterous, but didn't e-commerce once seem unlikely, too? In time, inevitably, we'll adjust to robot shoppers, for good or for ill - Comment | |
Sree Vijaykumar | From the Editor's Desk
In the Netflix series, Narcos, the infamous and powerful druglord Pablo Escobar is shown spending jail-time collecting photographs and building a memoir. While Tihar jail is no La Catedral, Subrata Roy, the once powerful chief of Sahara is writing a trilogy in jail, the first of which, Life Mantras, was released on Feb 1. Unfortunately, it's not a memoir. With allegations of Sahara being the Swiss bank of India, a tell-all would have made for some interesting reading - Comment | |
Sree Vijaykumar | From the Editor's Desk
So, when you blamed your manager for not appreciating your 'out of the box' idea, turns out you might have been right. According to research by Justin Berg of Stanford, the best judges of creative ideas are neither managers nor the idea creators themselves, but peers of the creator who have spent time creating their own ideas, but not the idea in question. Instead of allowing only managers to evaluate and select ideas, companies should ask creators to weigh in on the idea, maybe by letting them vote on their peers' ideas. Also, managers with creator duties would be best suited when it comes to creative forecasting and staying open-minded to new ideas - Comment | |
Sree Vijaykumar | From the Editor's Desk
At a recent conference, when asked about disruptive business models, Uday Kotak was honest in admitting that he wakes up every day wondering what technology disruption would affect the banking sector. Few business leaders have woken up to the scale of technological change coming, as suggested by this study done by GE. Most old-industry CEOs are looking at incremental changes from using technology to improve productivity or cut costs. In the mean time, nimble startups in alternative energy, biomedical engineering, internet of things could upend incumbents (the Kodak effect). So how can large companies make sure they don't become obsolete? Incumbents have too much to lose, so they are unlikely to take the risks required to shake up their own industry. Also, bureaucracy and inertia slows decision-making. What they can do, is partner with tech upstarts through incubators/accelerators and startup forums, acquire good startups for both talent and technology and generally be open to new ideas both within and outside the firm. This sort of thinking starts at the top - Comment | |
Infotech woes hit home loans he slowdown in the Information Technology (IT) industry, leading to uncertainty in career prospects for employees, is a major cause of the slump in the housing sector.“Confidence has to come back to t |
3G outpaces 2G data traffic in India, says Nokia study As companies like Google work to get the millions of people living in rural India online for the first time, the latest annual MBiT Index study from Nokia reports exponential 3G data traffic growth across the country in 2015. |
IKEA to invest Rs 2000 cr in Haryana The company said it would employ about 1,000 workers directly and engage around 3,000 more for providing services such as furniture assembly, delivery services, among others |
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