With 25+ years of stimulating experience, BoldTek is a team of

[boldtekglobal]

Digitizing India’s Payment Ecosystem

India – the country with the largest democracy in the world signifies its importance in having a flexible yet secured payment gateway ecosystem which can help the people of the country for an easy and convenient way of doing the day-to-day transactions with advantages unmatched by the traditional payment system. “Cashless, Faceless and Paperless” are the main agenda for promoting the new payment system in the country with a long term vision plan on successfully executing the Digital India Programme by the Govt. of India.

The Need for Digital Payment Service: Technology today has reached and grown to such an extent that even the complex of things can be performed in a fraction of a second. In terms of financial assistance, till a few years back we could not imagine that money transfer could have been so easy and convenient, irrespective of the years-old traditional method where people have to go and queue in long lines in the banks to transfer the money or carry a large amount of cash which increases the risk of theft and other anti-socio activities. As such, there was a big gap in overcoming these issues which led the Govt. of India think of new and innovative tactics for a digital payment ecosystem for the common masses. The issuance of an enormous amount of paper currency by the Reserve Bank of India was also one of the important reasons for moving toward a new technology-based digital payment ecosystem in the country.

Mode of Digital Payment Services in India: With the advent of smartphones and mobile applications, people of India started getting their desired services right just through a click of a button. The entire banking system came into the palm of the hands of common people and thus made it easy for the Government to introduce various modes of Digital Payment services in the country among which one of them was the Unified Payment Interface or popularly known as UPI which later became one of the most desired methods of digital payment services in the country. Apart from UPI, the Government of India and banking institutions also promoted some of the existing methods of cashless services like Mobile Wallets, POS, Internet Banking, Micro ATMs, AEPS, Banking Cards etc.

Introducing UPI Technology: Today, if anyone in India wants to transfer money to their known ones, 90% of people’s first choice would be the Unified Payment Interface. UPI has been a revolution in the Indian finance sector and this can be stated by the fact that according to NPCI; the governing body for UPI, has recorded over 45 billion transactions in the fiscal year 2022 and is expected to reach 217 billion (21,700 crores) transactions by the financial year 2026. It is worth mentioning that companies like PhonePe, Google Pay, Paytm etc. also play a vital role in the growth of this digital revolution in the country.

Role of Technology in Changing the Ecosystem: As it is rightly said by N. Chandrababu Naidu – “In information technology, money is not the issue. Willingness to implement and execute is the issue”; the desire to change the age-old payment system in the country allowed Information Technology to play its role as the primary medium to help the citizens of India experience the easiest yet a safer way of peer-to-peer (P2P) as well as person-to-merchant (P2M) payments system which forced Indian consumers to helm the technological aspects used in the financial sector. Introduction to QR-based payment facilities and transferring of funds through mobile numbers, just by the use of an application or swiping of payment cards in POS machines by the use of NFC Technology are some of the highlighting prospects in making this structure so popular among the masses.

The Growth: The MSME sector in India has grown exponentially over the recent years, thanks to the various startups in the form of fintech companies rising to the cause. Here IT companies like BoldTek also play a major role in serving entrepreneurs with the development of mobile-based applications which can be used for various online payment-related services along with other features.

Lastly, we can say, the growth of the Digital Payment System in the coming years is huge and here India can act as a role model in showcasing its technological advancements to the rest of the world which might help the country in making its dream possible of a 1Trillion Dollar economy country.

[boldtekglobal]

How SEO Helps Business Grow

Today’s era is all about being Digital, be it in Education, Health, Finance or Consumer Discretionary whichever sector you name so. Not only been limited to big industrial sectors, but even SMBs of varied fields are also highly dependent on upgrading their businesses on the Digital platforms. As so, the need for employers in seeking employees with Digital Marketing skills has grown exponentially over the years.

Introduction to Digital Marketing

In layman’s terms, any form of Marketing which is done through the use of digital mediums is known as Digital Marketing. There are various components that are mainly associated with Digital Marketing, which every Marketing professional must be aware of to boost his/her business in this fast competitive world. A few of these components can be termed as SEO, SMO, SMM, PPC Ads, Web Design & Analytics, Content Marketing and Email Marketing among others.

However, in the context of this blog, I would highlight the importance of SEO and how it makes a significant impact on any Business growth.

What SEO Means?

Search Engine Optimization or commonly abbreviated as SEO is the optimization of web content in the search engines like Google, Yahoo, Bing etc. to make it more relevant for the algorithms to rank the page or website at the top of the Search Engine Results Pages (SERP).

SEO was introduced in the year 1991 as during that time, the world’s first website was launched which soon was crowded with many more in the later years. However, the practice really kicked off when in 1996, Sergey Brin and Larry Page built the most recognized search engine; BackRub, which eventually got the name of our beloved Google, which later registered as a domain in the year 1997. (History Source: A Brief History of SEO )

How SEO Works?

The biggest question for any individual or business owner is on the technicalities of how Search Engine Optimization works or rather how this mechanism can help in the growth of any organization. To understand this, let us first know about the insights of this practice. There are basically 3 different types of SEO; On-Page, Off-Page and Technical SEO.

A. On-Page SEO: Any optimization related to the website or web pages content in order to rank higher in the Search Engine Results Pages is referred to as On-Page SEO. Here it is mainly related to how users revamped their content by using different keywords specific to their niche.

In order to rank a user’s website or page in the top results, 2 factors play a very important role which is worth mentioning; Meta Title which is nothing but an HTML element that specifies the title of a web page. Another one is the Meta Description, which is also an HTML snippet element that showcases a brief description, summarizing a page’s content.

B. Off-Page SEO: This technique is mainly associated with action taken outside of your website to get high traffic in the form of website visitors in order to rank at the top of the SERP. Various tactics can be used for Off-Page SEO such as Social Media Marketing, Blog Writing, Backlink Generation, Forum Submission, Business Listing to name a few.

C. Technical SEO: This form of Search Engine Optimization mainly deals with the technicalities and resolving of the issues associated with the website such as broken links, unresponsive pages, low page loading speed etc. Professionals can regularly monitor their website’s performance through the use of various analytics tools such as Google Search Console, Ahrefs, SEMrush etc in order to get a better understanding and performance of their website.

Why SEO Is Important?

Till now, we have got a basic understanding of SEO and its working mechanism which might help you in getting a brief knowledge of this technology. Now coming on to how exactly it is important for businesses in their overall growth. Well, for that, the answer lies in its working mechanism. As you know, the growth of any business in today’s time is mostly dependent on its digital presence where the brands can make a significant impact of it in front of their online audiences and these audiences in return can turn into prospective buyers while visiting the websites and avail of the services or buy the products.

In the context of SEO, studies also reveal that the first five organic results account for 67.60% of all the clicks in the SERP which eventually impacts the overall increase in the ROIs of the companies.

Future of SEO

Many a time you might wonder what’s the scope of SEO in the future or even will this technique exist in the next 5 years. Hmmm, sounds quite interesting if you see the current trend in the market where everything is getting automated and on top of that, the emergence of Web 3.0 might also change the whole course of action for this decade long effective mechanism.

Well, though you can automate a few tasks to simplify your SEO tactics like Site Monitoring, Rank Tracking or Backlink Analysis, but, you cannot completely robotize this whole process as because the human intervention in this mechanism still implies high relevancy and its dominance will definitely be seen in the coming years by some form or the other even after the introduction of the next web version on how humans interact with the digital platforms.

[boldtekglobal]

Thingspeak – IoT Technology!!

Hey Google – What’s the weather for today; sounds quite strange, right, asking a bot about a day’s weather? But this is probably the best example I can say to describe one of the most talked-about terms in the current technology world which is the Internet of Things (or IoT).

IoT in its simplest form can be defined as the concept of connecting multiple devices to the Internet to make it work as a smart device. It can be anything from a smartphone to a smart door locking system or even a small portable smartwatch. The technology and concept behind IoT is the seamless working of devices to make it more convenient and easy to use for the users through the use of the Internet.

History of the Internet of Things (IoT): The term Internet of Things (IoT) was first coined by Kevin Ashton in 1999 when he used the phrase as a title for his presentation on a sensor project. Ever since then the term came into existence among the masses. However, the first IoT device was invented by a group of students at Carnegie Melon University in the year 1980.

IoT Devices in a nutshell: There is no question about the increasing popularity of IoT devices in the current market. Thanks to the introduction of the 5G Technology in some of the developing nations, the demand for IoT devices have surpassed to a larger extent. It is estimated that by the year 2022, there may be around 20 billion IoT smart devices up and running with on average, every individual in the US having 10 IoT devices of his own. In terms of revenue, it is estimated that worldwide spending on IoT will surpass the $1 trillion mark in 2022.

Advantages of IoT: The Internet of Things can be characterized primarily into 2 features –

a. Automation: It involves the workflow between multiple devices without the need for human intervention. b. Connectivity: This is probably the feature where the main concept of IoT came into existence; where it involves the establishment of devices with the help of a smart internet connectivity feature to make it more convenient and usable in terms of data sharing among the users.

Apart from the above stand out features, IoT has got numerous advantages beneath it in the form of Improved Productivity, Cost Effectiveness and Better Use of Resources to name a few.

IoT Explained: IoT comprises 5 major components for the overall functioning of the whole process. Below are the details of each of them.

Smart Devices and Sensors: Smart devices and sensors are the ones that are mainly involved in the collection of data and transmitting the same to the next layer. These smart devices and sensors are connected via wireless networks like Wi-Fi, ZigBee, Bluetooth, Z-wave etc. Some of the commonly used sensors in the Internet of Things include temperature sensors, pressure sensors, moisture sensors, humidity, light intensity detectors, proximity detection and RFID tags.

Gateway: Gateways are mainly used for the pre-processing of data received from smart devices and sensors and transmitting it to the next layer. It manages the bi-directional data flow between different networks and protocols.

Cloud: IoT creates a massive amount of data that needs to be organized in a systematic way. The IoT cloud thus is used for storing, retrieving and managing this huge amount of data which can be accessed by the users and businesses remotely and take critical decisions as and when necessary.

Analytics: It is the process of analyzing the huge amount of data being created and received by billions of smart devices and sensors to interpret it and get some useful insights from it. An efficient IoT system works with real-time data analytics and prevents irregularities to get meaningful information out of it.

User interface: The user interface is the most visible part of the whole IoT system where the developers need to make sure it provides a minimalistic design to the interface to encourage more user interaction out of it. A simplistic design interface is what developers should go for to have a bigger impact in terms of end-user usability and to sustain the device in this competitive market.

Disadvantages of IoT: Although the Internet of Things is what every user and business are relying on in today’s world, but it has also got some disadvantages in terms of its usability and work process. Some of it can be listed as too much dependency on the internet, less physical work and labour, increase in unemployability and lastly the security and privacy issue of the end-users.

How Businesses can be benefitted from IoT: Businesses or organizations can be highly benefitted from the IoT. Huge chunks of data can be accessed remotely and through real-time smart analytics of it, companies can take vital decisions and grow their businesses.

How BoldTek can help set up your IoT Ecosystem: BoldTek have a highly skilled team of developers who can work on setting up your smart devices and data processing ecosystem. We offer new ways to drive efficiencies, engage customers, and develop new business with greater insights. Connect devices across multiple protocols and standards, merge data streams, and optimize acquired data for relevancy and context. Areas, where we can help, are Agriculture, Manufacturing, Education, Business etc. (Writing credit: Satish Upadhyay, Technical Project Manager, BoldTek)

Conclusion: Today we live in an era where every one of us is highly dependent on the Internet and smart devices. Be it a business or an individual user, everyone is using IoT in their day-to-day activities which have helped people to make things work smarter and less time-consuming. However, we should also keep in mind that too much dependency on smart gadgets can reduce human interaction which can even lead to the social isolation of an individual. As rightly being told by Matt Mullenweg – “Technology is best when it brings people together.”

[boldtekglobal]

How North-East Region can become the IT Hub of India

The northeastern region of India is vastly diversified by its rich heritage and culture. This easternmost region of the country comprises 8 states namely; Assam, Meghalaya, Manipur, Tripura, Arunachal Pradesh, Mizoram and Sikkim, and shares its international boundaries with countries like China, Bangladesh, Myanmar and Bhutan. In 1971, the North Eastern Council (NEC) was formed comprising of all the states of the North-East and ever since it has been at the forefront of the socio and economic development of the region.

Guwahati city in Assam is the largest metropolis in North-East India. It is also known as the “Gateway of NorthEast” and thus, making it an ideal choice for people to settle down in this one of the fastest-growing cities of India. Surrounded by the mighty Brahmaputra and in the foothills of the Kamakhya Temple, this city has witnessed substantial growth over the years in terms of the employability of the common people.

Employment in North-East India: Employment has always been a chronic issue for the northeastern people of India. Lack of opportunity, skill development potholes and inclination towards agrarian works are the major roadblocks that paved the way for the rest of Indian states to grab the opportunity for its people. However, in the last two decades or so, companies have started realizing the potential growth and talent this region boasts of its people and as such, many big companies have started investing in projects which had opened the door for the youth of NorthEast to settle down in their own place and work for some of the renowned organizations of the world.

Technology Development in North-East: There is no question that North-East India is a nature-loving region with mesmerizing scenic beauties and delicious cuisine. However, there has always been a hindrance to the acceptance of technology. Maybe such was the case with the earlier generations. But now, the time has changed and so does the attitude of the people towards the embracement of new technology services. Govt. of India has also initiated the “Digital North East 2022” Programme with an aim of leveraging digital technologies to transform the lives of the people of North East India. Digital Infrastructure, Promotion of Electronics Manufacturing, Digital Innovation and Start-ups, Cyber Security are some of the highlighting prospects this initiative takes care of. A complete diagrammatic presentation can be viewed in the picture below:

Role of Technology Companies: It is indeed true that for the industrial economic growth of any place, tech companies play a major role. In this case, we can take the example of the Bengaluru city of India, also known as the Silicon Valley of India, where once after the first step put by tech giants like Infosys and Wipro in the 1980s, today almost all IT majors like HP, Samsung, Delloite, HCL, Accenture, to name a few, have their presence in this city.

In North East too, many well-known tech companies like BoldTek is working for the growth and development of the region and also have succeeded in nurturing the local talents, especially of Assam. Although having its headquarter in the USA, BoldTek’s vision is to provide every possible employment opportunity to the youth of Assam and to make North-East, the IT Hub of India.

Competition amongst the best: There should also be a healthy competition amongst the tech companies of North-East in bringing new innovative solutions to the region and here, Guwahati, just like the Bengaluru city, can play a major role in bringing some of the best IT companies in Guwahati, Assam, which eventually will help in the development and employability for the youth of North East.

[boldtekglobal]

Data Visualization driving management decision

Human psychology tends to visualize things for a longer duration if the raw studies are presented in the form of graphical representation. Charts or graphs transform even the most complex data into easy-to-understand relationships, instead of the textual representation of data. It brings an element of simplification and transparency which allows decision-makers to take meaningful actions wisely.

Data visualization is transforming figures and raw data into visual objects which gives us a clear idea of what the information means by giving it visual context through maps or graphs. By combining user-friendly and aesthetically pleasing features, this visualization makes research and data analysis much quicker and a powerful communication tool.

In today’s world, we are dealing with huge sets of data where there is a need for visualizing the graphical representation to make it easier to interpret. In such a scenario, tools become a prominent aid to management in understanding the significance of data through visuals like patterns, trends, dashboards, and charts. These tools enable enterprises to find and communicate opportunities for important data analysis. 

According to an Experian report, 95% of U.S. organizations say that they use data to power business opportunities, and another 84% believe data is an integral part of forming a business strategy.

Data visualization helps businesses in taking critical decisions in sectors like demand and supply forecast, customer engagement, resource planning, sales forecasting, etc. With the aid of visualizing tools such as Tableau, Power BI is helping companies in building accessibility dashboards which largely helps in reporting of data transparency, accountability, better decision making among others. These tools are extremely powerful for visualizing massive amounts of data. Professional companies rely on this platform to derive meaning from data and use insights for effective storytelling. Organizations benefit by applying the use of dashboards to align with their objectives. 

The above Power BI dashboard describes the trend of different latest technologies being used in the market currently. This data is being taken from the Kaggle Survey 2018, where more than 23 thousand developers from worldwide participated in the survey. It also shows how the developers are adopting the new technologies based on the needs of the market.

Common data visualization used cases.

Healthcare: Efficient and meaningful data visualization is at the core of medical studies. It is also important for a lot of doctors, nurses, physicians as they use and interact with health interfaces on an everyday basis to create patient reports and related information.

Sales and marketing: Using visuals and reports, we may analyze several patterns and trends analysis such as market research analysis, customer analysis, cost analysis, and forecast. These findings serve as the base for sales and marketing.

[boldtekglobal]

The Amazon of the east, Dehing Patkai Wildlife Sanctuary — World Environment Day

This World Environment Day, I would like to write about one of the Wildlife Sanctuaries from Assam, India. The home to 47 mammal species, 47 reptile species and 310 butterfly species and known as the amazon of the east “Dehing Patkai Wildlife Sanctuary”. This day itself has been around since 1974, and according to the UN, it is their most important day for encouraging worldwide awareness and action for the protection of the environment.

Each year, World Environment Day takes on a theme that focuses on a pressing environmental concern. This years’ theme is ‘Time for Nature,’ with a focus on its role in providing the essential infrastructure that supports life on Earth and human development.

Dehing Patkai Wildlife Sanctuary

The Sanctuary with an area of 111.19 sq. Kms. is located in the Dibrugarh and Tinsukia districts of Assam and is famous for Assam Valley Tropical Wet Evergreen Forests bordering Arunachal Pradesh. The Sanctuary is a part of the Dehing-Patkai Elephant Reserve having the World War II cemeteries nearby, along with the Stillwell Road and the oldest refinery of Asia in Digboi and ‘open cast’ coal mining at Lido.

Dehing Patkai is the only rainforest in Assam. This sanctuary consists of three parts: Jeypore, upper Dihing River and Dirok rainforest. It was declared as a sanctuary on 13 June 2004. This sanctuary is also a part of the Dehing-Patkai Elephant Reserve. The area also has some historic attractions, including several World War II cemeteries, the Stillwell road and the Digboi refinery, the oldest in Asia.

The rainforest stretches for more than 575 km2 in the districts of Dibrugarh, Tinsukia and Sivasagar. A part of the forest was declared as a wildlife sanctuary by the Government of Assam, while another part falls under the Dibru-Deomali elephant's reserve. The forest further spreads over in the Tirap and Changlang districts of Arunachal Pradesh. The Dehing Patkai forms the largest stretch of tropical lowland rainforests in India. The forest is often referred to as “The Amazon of the East” owing to its large area and thick forests.

Being a completely virgin rainforest, this sanctuary is very rich in biodiversity. It is an ideal habitat for non-human primates. Till date, 47 mammal species, 47 reptile species and 310 butterfly species have been recorded. The most common mammal species of this sanctuary are Hoolock Gibbon, Slow Loris, Pig-Tailed Macaque, Stump-Tailed Macaque, Capped Langur, Asian Elephant, Bengal Tiger, Indian Leopard, Gaur, Chinese Pangolin, Himalayan Black Bear, Himalayan Squirrel, Leopard Cat, Clouded Leopard, Porcupine, Crab Eating Mongoose, Sambar, Sun Bear, Binturong, Barking Deer, Golden Cat and Marbled Cat.

Dehing Patkai rainforest harbours about 293 bird species, belonging to 174 genera and 51 families. The majority is resident (63.7%), some are winter visitors (23.1% ), and very few are summer visitors (2.5%). About 10.7% are altitudinal migrants, coming mainly from the higher reaches of the western, central and eastern Himalayas. The Avifauna includes slender-billed vulture, white-winged duck, greater adjutant, lesser adjutant greater spotted eagle, beautiful nuthatch, marsh babbler, tawny-breasted wren-babbler, yellow-vented warbler, broad-billed warbler, white-naped yuhina, white-cheeked partridge, great hornbill, brown hornbill, Oriental darter and painted stork, osprey, kalij pheasant, grey peacock pheasant, besra, black baza and hill myna.

The different trees of this four-layered rainforest are laden with many exotic species of orchids and bromeliads. There is an abundance of ferns, epiphytes, wild bananas, orchids, arums, climbers and linas in this humid forest habitat. Some of the important tree species found in this forest area are — Hollang, Mekai, Dhuna, Udiyam, Nahar, Samkothal, Bheer, Hollock, Nahor, Au — tenga (elephant apple), different species of Dimoru etc. The towering Hollong tree which is also the state tree of Assam dominates the emergent layer of this rainforest.

For More Info visit Assam Tourism Website

Photo Credits — S.H. Patgiri, Rofikul

[boldtekglobal]

Three Best Indoor Plants for Home/Office

Lucky Bamboo Plant

Lucky Bamboo is well-known for bringing good fortune, prosperity and positive vibes. Lucky bamboo symbolizes happy life making it a perfect gift for any occasion. These plants are extremely easy to take care and require very little maintenance.

Care Instructions

Keep the Lucky bamboo plant away from direct sunlight to avoid overheat from sun exposure.

Do not spray water or mist in the lucky bamboo leaves, a gentle wiping will remove dust or dirt from it.

Avoid the use of chlorinated water as it may cause damage to the plant. Maintain the water level to keep the roots submerged in water.

Change the water, clean the roots of the plant and pot once in a week to keep plants healthy.

Snake Plant

This plant is known as Snake Plant for its leaves resembling shape or Mother in Laws tongue for its sharp margins. Leaves are erect, fleshy, sharply pointed, sword-shaped, deep green with light grey-green horizontal stripes. The Snake plant purifies the air by absorbing toxins through the leaves and producing pure oxygen.

What makes it special:

NASA recommended air purifier plant.

Best plant for AC rooms, office desk, etc.

Zero maintenance plant.

Best indoor plant for low light condition.

Care Instructions

keep the plant indoor condition where the bright light is available.

Water thoroughly in the summer and reduce watering for the winter & rainy season.

Remove dead, infected or damaged plant parts.

Aglaonema Plant

Aglaonema is one of the most popular indoor colorful foliage plants. It is very easy to care and can be maintained at the lower light condition.

What makes it special:

NASA recommended air purifier plant.

Popular low maintenance plant.

Plant for AC rooms, office desk, etc.

Best indoor plant with colored attractive leaves.

Care Instructions

Keep the plant indoor with bright indirect natural light or bright artificial light.

Water the plant when the topsoil (1-2 inch) in pot feels dry to touch.

Remove dead, infected or damaged plant parts and discard them away from the plants.

[boldtekglobal]

Don’t wait for others, act on your own!

The world is fighting a pandemic together; one positive thing that is happening is that Nature is reclaiming its spaces. We need to realize that like everything else around us, Nature needs its resting time too. In this World Environment Day, I want to share my little contribution towards Mother Nature.

How it began: I clearly remember I was in Class 5 when I first came across the word ‘sustainable development’. It was fancy to my ears but when I realized what it was, the little me knew that I have the responsibility to do some good towards Mother Nature. This responsibility without a doubt also came from the space where I have seen my parents doing gardening in free time, growing vegetables, switching off fan, lights when not necessary etc. At this age when I look back I realize that these small habits which were imbibed in the formative years became a part of my lifestyle. In this pandemic situation when I am at home where in the last couple of days rains are plenty, in 3 days I conserved more than 60 liters of water!

Celebrating Biodiversity: Human beings are part of the ecosystem and cannot continue in isolation. We grow few vegetables and fruits at home. Though I cannot boast of too many names but we have managed to grow mustard greens, herbs, lemon, tomatoes, sugarcane, guava, custard apple, gooseberry etc. Now apart from the fact that we are consuming organic food, we also have small creatures that stay and eat these fruits. Our recent addition is a squirrel. We plant flowers which not only enhances beauty of the space but also let’s bees pollinate. In this way, ecosystem is little bit maintained.

Giving Nature its time: Time is irreversible and we need to give time to Nature to heal itself. Exploitation of resources will leave nothing for us. What we follow at home is that we do not throw plastic in our space but to common dustbin. In the last 10 years of staying here, we can proudly say not even a safety pin we have dumped in our soil! Also, we produce compost and fertilizer on our own.

The below is a small measure that my family and I undertake to maintain the ecosystem. We have realized that we are a part of the ecosystem and not vice versa. Bringing lifestyle changes to ourselves put fewer burdens on the environment.

At last, I want to say that we human beings have a tendency to take everything for granted. It is not about the ranking of species in the food chain that we should consider ourselves as the superior-most. We should accept that we need to co-habit with Nature and not to exploit it. We also have this tendency to pass our responsibility to others thinking someone else will do this but as Mahatma Gandhi said, “You must be the change you want to see in the World.”

[boldtekglobal]

The way BoldTek can be beneficial for-Successful Business Intelligence Strategy

A business intelligence strategy is designed to give you the information you need and in a way that’s actionable on many levels. To be data-driven, you’ll need to access, view and collaborate with your data from anywhere. To ensure that your business intelligence strategy is successful you need to consider what data is important to analyze to what metrics are meaningful to your teams. Businesses utilize data mining and statistics to prepare their business intelligence strategies in a comprehensive manner.

Why do I need one? Applying business intelligence is important — but the way you do it matters just as much. This is why having a BI strategy is extremely important: ‘no pilot ever flew their plane in the air without a map or direction’.

Day to day business information is increasing and with the amount of data dealt and stored gets way out of proportion to treat it manually. On top all of the unstructured data which needs to be processed first in order to be understood and later used. It takes time and knowledge to make the best out of such asset, as well as a solid plan. A strategy will give your solution a direction, and a goal. Business intelligence without strategy might bring up some insights whilst it will not lead you where you want to head to.

Experts say: “ The project where BI strategy was involved were more successful than project without strategy”. 

Design a Company-wide business intelligence strategy

Because BI has the potential to bring decision-making to every layer of the organization. A business intelligence strategy should be created to include all relevant departments and business areas. These should include finance, executive, IT, purchasing, logistics and marketing.

Build the strategy slowly Think big, but take little steps towards your goal. At this stage, you will need to plan your business goal and most importantly, align it to a specific business requirement. The more focused you are in planning your business goals, the better you’re going to achieve.

You may follow the iterative process so as to build the knowledge of the team. The teammates may analyze data related to sales information, customer information, ROI from the designated source like (ERP, CRM,) or any marketing automation tools that stores customer information. Though as the last step you need to determine the KPIs that are useful and aligns to your objective.

Attain a whole of business view Any business probably tracks and collects a huge amount of information. At times it seems as simple as what product is in store, and how long it takes it to get into a store and how long it takes to empty the store, can feel overwhelming. While handling all of it can seem like a headache, the right business intelligence strategy can turn the information into data that drives decisions. In order to attain the bigger picture, you must bring data sets from various departments such as supply chain, sales, and product lines. Then, the information can be used to generate greater revenue. Thus, the BI strategy brings success to the business.

Mechanism for a quick access to your data When you have an idea whilst you got to make a quick decision. You will need the access to information fast. Now, as you move forward to extract data from a spreadsheet or build data from scratch, the process literally slows you down. That is where dashboards and data visualizations come in. To get a glance of the actionable data whilst turn the information into decision making. Here comes the role of a right dashboard in BI strategy. For example, you can put the individual employees and salaries on the dashboard. Then, you can compare them.

With a dashboard, the information you want is already in front of you. Your energy and attention is focused on the analysis. This is how BI strategy brings smooth functionality to your business.

Work with real time data This is to elaborate how real time data can oversee the hurdles of a business owner/retailer or whole-seller through BI strategy.

The primary motive of Supermarket retailer Simplistic and their BI strategy is to provide good visibility of performance throughout the day to the team leader’s and their team member’s. This is carried out on user friendly KPI dashboards. KPI’s can be set accordingly to measure different aspects.

For an instance- The Management is eager for stores to be able see an update every 15–20 minutes on the volume of sales they had completed, the average value per transaction, how many items are in the sale whilst it included a cross-selling item such as Coke with french fries or Up-sell of Coconul hair oil with Shampoo.

Hence the BI strategy bestows the team members and team leaders complete ownership of their overall performance. This helps the team members understand their individual and team results whilst creates an active competition between teams. Thus which results in better performance and higher sales.

Collaboration With BoldTek’s BI strategy solution collaborative capabilities, your work will have the benefit of your entire team’s input. BI strategies allow users to have the benefit of the input of the entire team. Collaborative business intelligence takes you on-board on the same page as your colleagues get. It also allows you to comment and question your colleagues. BI strategy helps you in carrying out the effective teamwork.

How BoldTek can leverage your Business intelligence strategy? Strategic and collaborative engagements to help identify business opportunities and potentials to deliver specific outcomes.

Orchestrated sessions, discovery workshops to model solution roadmap that effectively leverages best practices and experiences from our global strategic business engagements. We eliminate the unpredictability that lies in the execution of any long-term business and IT solution roadmap. The effective management of the alignments of corporate business strategy and technology roadmap is very much crucial.

Website: www.boldtek.com

[boldtekglobal]

How ML Transforms Business-A New BoldTek Series

How BoldTek can leverage Machine Learning to help businesses make better decisions:

Unless you’ve been living under a rock for the past couple of years, you must’ve heard about Machine Learning, through various blogs, websites, LinkedIn posts, other social media articles.  In crude terms, Machine Learning, or ML as it is colloquially used, is a field of study that provides machines with the ability to “self-learn”.  In more technical terms, ML helps computer systems develop algorithms that improve automatically through experience and by the use of data. Feed it enough data, the system will train itself to see patterns, connections and dependencies within various facets of the dataset, and will come up with an algorithm that best “fits to” and “explains” the data.

“Data is the new oil” Now there’s a cliché. But just like mechanical systems need oil to function, systems that employ ML need this new oil, data, to function. An ML algorithm will only be allowed to be as good as the data it is fed.

What Machine Learning can do for Businesses

There’s certainly no dearth of data. Businesses and firms are creating ginormous amounts every day. Extracting useful information from it and running an ML model on top can help make crucial forecasts and predictions and much better business decisions to increase profits or productivity. ML models could also analyse historical data to predict any potential problems or pitfalls the business might face.

ML models, by analysing the business’ data, would often be able to identify and unearth relationships and correlations that would not be possible for a human brain. In fact, it is nearly impossible for a human resource to even shift through such large datasets. Not to mention, a good ML model could also do away with a lot of human resources requirement, leaving them free to focus on other important tasks.

Another important area of ML is time series forecasting, which helps in prediction of events through a time series, or a sequence of time. The technique predicts future events by analysing the trends of the past, assuming that the trends will continue in the future. This is highly useful for businesses as it aids them in predicting highly useful metrics like stock prices, sales, turnovers, etc.

How BoldTek can help businesses with Machine Learning

BoldTek is committed to leveraging data and Machine Learning to help firms make better business decisions. ML has become an important aspect in businesses across the globe and across various categories of industries. And with so much data involved every day, ML can play a very useful role in a businesses day to day operations.

BoldTek’s ML capabilities can make use of data generated by business firms and pave a way for them to navigate it. Various patterns, correlations and cause-and-effect relationships can be unearthed which would be beneficial to the companies. For instance, a possible scenario where BoldTek might be able to help food delivery services would be to analyse data on a customer’s previous ordering patterns, like their frequency of ordering, preferred restaurants, favourite dishes to suggest similar restaurants or predict and suggest personalized offers on those particular dishes for that particular customer on their next order.

ML can also be of immense help in predicting important indicators like sales, profits, etc. This could especially be of great help for early age start-ups, who will be able to leverage these capabilities easily to boost their operations.

[boldtekglobal]

How Blockchain Technology works-BoldTek Series

What is Blockchain??

Blockchain was originally created to be a decentralized ledger of Bitcoin transactions that take place within the Bitcoin network.

A decentralized or distributed database/ledger essentially means that the storage devices, where the ledgers are located, are not linked to a common processor. The blockchain contains the ever-growing list of transactions by way of blocks. Each block is time-stamped and then linked to the previous block to become a part of the blockchain.

Users are only able to edit the sections of the blockchain that belong to them. In order to edit, the user is required to have private keys, which is equivalent to a password. The great feature of blockchain technology is the fact that every copy is synchronized even though the blockchain is not linked to a common processor or accessed through devices linked to the processor. An example of storage devices linked to a common processor could be office computers logged onto the company network.

A master data file is edited and saved. No synchronization is required as there is only one master file stored centrally. With blockchain, it would be as though all the computers were off-line but were able to access and edit a master file that was always in sync, without there being a need for the master file saved on the company’s central server.

Why is Blockchain Needed?

Since the invention of the World Wide Web and cell phones, there has been very little to shout from the rooftops about. Sure, we’ve got cars that can drive themselves and the hype over artificial intelligence is building, but nothing is likely to be as material as the introduction of blockchain technology, not only into the financial system but into everyday life.

For the financial system, the prospect of a decentralization away from a centralized system is a daunting one to consider.

Blockchain is not only Bitcoin, it’s much more than That

There are countless areas in which blockchain technology can have a dramatic effect. Some examples include:

Supply Chains: The ability to track foods from farm to shelf is one that has recently made the news. IBM announced that it has begun working with the larger food suppliers, including Nestle and Walmart, to take advantage of blockchain technology. Of particular interest to food, suppliers are being able to identify the source of food contamination, as well as being able to track the producer within the food supply chain. Beyond food, the transparency of blockchain can also give consumers the true source of manufactured goods, which has become important in today’s society.

Energy sector: The trading of energy with the use of blockchain could allow the consumer to sell excess energy to their neighbors, removing the control from the utility companies. Similar to financial markets, there may even be a range of prices as supply and demand dictate price.

Governments: Governments have already begun pilot projects to incorporate blockchain technology into their daily operations. The intention being to make the efficiency gains that the technology can deliver. In the UK, the government has used blockchain technology in the disbursement of student loans and also to track the payment of benefits to the underprivileged. The government’s view is that blockchain could reduce corruption, the number of fraud cases and costs by shifting away from the current use of paper.

Elsewhere, governments are looking to use the technology for record keeping, including land property deeds. The use of the ledger could, in fact, be used to record the transfer of titles and deeds of property.

Healthcare: The removal of the paper trail in the healthcare system and making patients’ medical records are available to the patients’ without the threat of hacking or leaking. Additionally, a decentralized ledger of medical data may even be able to provide the necessary data points to support the fight against virus and disease.

Music Industry: Protection of rights and distribution of earnings within the music industry is a key consideration, as the industry looks at ways to adopt the technology. Removing the ability for piracy and allowing listeners to download music stored on the blockchain, paying for the music with cryptocurrency would be one of the paradigm shifts in the industry. It would also mean that the right people get paid… It may well be the death of distributors, but it’s unlikely that artists within the industry will lose any sleep over such a prospect. Blueprints have already been published in a decentralized blockchain ledger that is expected to solve the issues of rights and payments. The first artist to engage cryptocurrencies in the music industry was Bjork with a release of a new album that provides buyers with 100 Audiocoins.

These are just a small number of examples. Blockchain technology is being explored across all of the major sectors and with many industries already rolling out pilot projects, the skeptics may have to eat their words.

How BoldTek can be helpful for your secure Blockchain experience?

BoldTek has highly experienced team, actively working on Blockchain projects and POCs, We can implement Blockchain as a technology for solving complex tracking and monitoring problems with immutable product/service related information in the field of supply chain management, Real Estate, Energy, Healthcare etc.

[boldtekglobal]

How 5G Technology will change the course of the Internet in India

The Internet has always been a boon for mankind. Right from the invention of the World Wide Web by Tim Berners-Lee in 1989, it has always served us; and today, we cannot even imagine a day without the Internet. As Bruce Sterling rightly said – “the Internet belongs to everyone and no one”. It has transformed us on how to connect with the outside world, organizing the flow of things and sharing information.  Today, there are 3.97 billion internet users worldwide with China leading the countries with the highest number of internet users of 854 million (source: statista).

India has always been a technology hub for the global market. But, unfortunately, the usage of it has never been the case likewise. Slow internet speed with high pricing has been the major factor for the lesser usage of the Internet among common people. But, with the entry of the telecom company Jio in the year 2016, the whole scenario was completely changed. The company started providing 4G Internet services in India at an affordable price. Common people who had to once rely on 2G or 3G data for just a couple of GB’s, has now started using 4G Internet speed in their mobile portable devices. People started embracing the Work from Home culture, thanks to the Covid-19 pandemic. But that was only possible due to high-speed internet. Looking at this market change, many ISP’s started providing high-speed Internet at affordable prices and thus came the revolution of the massive Internet usage in India.

Introduction to 5G In India

5th Generation Internet or commonly termed as 5G technology is the next big advancement for a developing country like India. With the huge consumption of daily data usage in today’s time, the people of India are eagerly waiting for the commercial launch of the next level of the Internet. Govt. of India has started the auction process for the spectrum allocation and many ISP’s have also tested its 5G speed in cities like Hyderabad, Delhi, Kolkata etc. It is expected that the 5G Internet in India will soon be launched by the mid of 2022.

Speed of 5G Network

5G wireless technology is built to deliver multi-Gbps speeds, with zero lag, low latency and more reliable network strength. It is 100 times faster than the 4th Gen, at least in a stable environment. It has been found to have a maximum speed capacity of 10Gbps. Downloading huge files will just be a matter of seconds while streaming full HD videos without lag or blurry screen. There will be complete dominance of the IoT ecosystem with web-enabled smart devices. The master project of smart cities by Govt. of India will also be streamlined with the Internet of Things (IoT) with the adoption of the 5G cellular network technology.

Hence, we can say, the Internet is the fuel for running any tech-driven innovation & development and with a stable and high-speed internet technology like 5G network, a country like India can make the best out of it with the enormous talent of the workforce it has which can play a big role in making the Digital Transformation, a dream well thought of.

[boldtekglobal]

How Technology is Transforming Businesses

Technology is not just a mere word for us now. It has surrounded the day-to-day lives of every human being, no matter what work he is involved in. We live and breathe technology in today’s time. According to a study, the worldwide spending on technology has reached $3.4 billion and it is increasing at a rapid pace. This data is based on every household and enterprise spending money on new gadgets and tech products.

Businesses have been highly benefited from technology over the years. The most recent advancement being Artificial Intelligence which deals with every sector like automobile, healthcare, logistics, finance, retail and whatnot. Today, every enterprise, be it a large or an SME is largely dependent on the technological aspects to bring more revenue for the growth of the organization.

Below I have listed some of the most common ways how technology has transformed businesses and their growth.

Rise of Automation: The use of Artificial Intelligence and Machine Learning has paved the way for businesses to automate the whole work process and drastically reducing the time and effort of their workforce and wield them in other productive tasks. But by no means it is meant that AI has replaced human workers. However, professionals need to understand its roles and responsibilities in their organizations and quickly adapt to it.

Use of Mobile Application: Mobile applications or commonly abbreviated as Apps has been an added advantage for businesses to expand their reach and presence in front of their customers.  Every company wants to showcase its services and products on mobile devices and the best way to do it is by listing in the Google Play Store or Apple App Store. The convenience of the internet in pocket-friendly devices has helped users to download and use these apps very easily.

Cloud Storage: There has always been a comparison between physical storage and cloud storage. Although both of them have their own pros and cons, but due to the ease of accessibility, Cloud Storage has always garnered more attention with services like OneDrive, Dropbox, Google Drive, AWS and Azure playing a vital role in bringing cloud storage closer to its audience; be it an individual or any business.

Digital Marketing: Today’s era is completely based on digitization and when it comes to the marketing of products or services, every business wants to have a workforce with good Digital Marketing skills who can bring potential leads and work towards the growth of the organization. In a broader sense, a Marketing professional should have the skills and knowledge to present the company’s offerings via Digital platforms like Social Media, Email Marketing, Ad Campaigns, SEO, SMM and others.

The above highlighting points are just a few of the numerous tactics on how Technology is helping today’s businesses grow. But, one thing is for sure, without the use of Information Technology, no business, whether small or large, can survive in this fast-paced world and only via technology, they can cater the need for real-time problem-solving solutions.

[boldtekglobal]

Application Management and its LifeCycle

Before starting the in-depth analysis on Application Management, let us first understand what exactly the term Application Management means. In a nutshell, Application Management is the lifecycle of computer programs, which mainly encompasses the various stages associated with Software Architecture, Testing, Maintenance, Integration and lastly the Releasing of the Software. It is the management of the application’s operations, maintenance, versioning and up-gradation throughout its complete life cycle.

In terms of Business Development, Application Management helps enterprises in accelerating IT innovation and business results, thereby producing a good healthy rate of performance growth on a substantial basis. It minimizes the cost and maximizes the business outcome, thus creating a constructive user experience.

Application Management Services

Large-sized organizations more or less depending on the Application Management Service providers to free their IT backlog and to indulge their tech professionals in other internal tasks or projects. They outsource the Application maintenance and monitoring to AMS firms, keeping the user experience and feedback as the top-most priority, thus giving an opportunity to such service providers who handle the responsibility of the patch management, bug fixes, and enhancements, without compromising the user’s accountability.

Stages in Application Management

The primary goal for Application Management Service is to handle the overall behaviour and stages of the application throughout its lifecycle. The stages include:

Governance: It is the first stage of the Application Management lifecycle where businesses make the study and decisions on what exactly the need of the application, what and how the resources will be involved in developing it and lastly, what security and considerations will be taken into account while finalizing the software.

Development: The second stage of the Application Management involves the Development phase where the key strategies are discussed and executed while developing the application. The IT team of an organization start creating the Application and proceed accordingly with writing the code, testing and finally initiating the disbursement of the same. 

Maintenance: This stage is mainly associated with the maintenance of the application like resolving bug issues, the addition of new features, along with rehosting of the application if necessary.

Tools for Application Management

As seen through the above context, Application Management involves various stages and for that, enterprises do require some good tools to analyze and monitor the application lifecycle. These application management tools are highly essential for a smooth user experience, because no organization would want to have negative feedback on its product. Some of the best Application Management tools companies can look for include; Oracle Enterprise Manager, Datadog APM, AppDynamics, Microsoft Azure Monitor to name a few.