Category: Technology

How to Make Your Website Run Faster

October 25, 2018

If your website does not load within a couple of seconds, visitors will not have the patience to linger around. A delay of each second results in a reduction of 11% in page views, customer satisfaction diminishes by 16%, and a decline of 7% in conversion rate. A website that loads quickly improves all these metrics almost instantaneously. However, it takes time and a lot of hard work to ensure that your website loads quickly. With a little effort, you can make sure that your website runs quickly even if you are not tech savvy. In this article, we present a 5-step procedure to ensure that your website runs quickly always: Step 1: Evaluate your website speed performance There are many free tools available which help you to assess your website’s speed. Once you know what the speed of your website is, you will have a clearer picture of what you can do to make it load faster. Google’s PageSpeed tools can be used to assess the speeds of both mobile and desktop browsers. You can use both PageSpeed Insights and PageSpeed Modules. To use PageSpeed Insights, you need to enter your website’s URL and click on the Analyse button. The tool will fetch results for both mobile and desktop versions. The analysis provides optimization suggestions such as reducing server response time, eliminating render-blocking CSS and JavaScript, leverage browser caching, and optimizing images by compressing them. For most desktop versions, the tool also suggests minification of HTML, CSS, and JavaScript. In addition, you can also use Pingdom and GTmetrix, both of which are free tools as well. An advantage of Pingdom is, it tracks performance history, making it a great tool to track your website’s performance. Step 2: Optimize website SEO A website’s page speed is directly linked to it being ranked highly by Google and other search engines. If you work on your website’s search engine optimization, it has an indirect effect of helping pages load quickly. Moz is one of the best tools out there to help you improve your SEO scores. Moz has a variety of tools that will help you to improve on-site SEO. It also helps you to fix title tags, meta description, and alt text. In addition, you can check if there is any duplicate content on your website, as that affects your site’s SEO. Moz’s Page Optimization is an on-page tool that helps you analyze pages for SEO and fix them quickly. Other SEO tools include Yoast for WordPress, SEO Checklist for Drupal, and the toolkit provided by Jetpack. All websites can use Schema Creator to make search listings more data-driven. By using Schema Creator, you can include business information, contact details, and star ratings within search results. Step 3: Assess technical issues within your website While PageSpeed Insights provides data related to your website’s speed and performance, PerfTool is a great tool to assess what technical issues ail your website. PerfTool combines the data from PageInsights with devperf and W3CJS. It not only fetches web performance results but also provides actionable recommendations such as which images to optimize, compressing images, eliminating render-blocking CSS and JavaScript, etc. You can also use YSlow, which is an open source project based on Yahoo!’s rules for websites that perform well. The tool crawls through the DOM to tell you which script or image is causing issues, and tells you the size of each problematic component. A few recommendations that the tool may provide based on your website’s technical issues include removing duplicate JavaScript and CSS, reducing DNS lookups, making AJAX cacheable, putting CSS at the top, etc. Step 4: Enhance the security of your website With more attacks taking place on websites, your next priority should be to make sure there are no security loopholes or vulnerabilities within your website.  W3af is an open source tool that can identify and protect your website against more than 200 vulnerabilities. W3af is a web application audit with a GUI that consists of advanced tools. The application uses authentication modules to scan and fix issues. Google Nogotofail is another tool that you can use to ensure the security of network traffic. It evaluates web applications for TLS and SSL vulnerabilities by scanning even encrypted connections. If there are any vulnerabilities, it warns you, so that you can take action. A few other tools include BeEF (Browser Exploitation Framework), which detects vulnerabilities within browsers, and Iron Wasp, which is a Python and Ruby-based scanning tool that fetches RTF and HTML reports. Wapiti and ZED Attack Proxy (ZAP)can be used to scan your website for security vulnerabilities as well. Step 5: Perform regular website maintenance activities Once you fix technical errors and obstacles that were previously slowing down your website, it is time to maintain your website’s performance continuously. There are several tools available today to do just that. Website maintenance helps to enhance browsing experience, creates backups of web data, and remains updated with the latest technology. Google Search Console is a great tool that helps you to track your site’s search performance over time. It also helps you find newer tools that may perform additional maintenance activities. Google Analytics is another important tool that provides detailed reports about how your website is performing, who your visitors are, what the bounce rates are, etc. you can use all this data to micro-manage your website’s performance. In addition, it is also important to update to the latest versions of your CMS, plugins, or PHP, if you are using that. If this step is too technical for you, you can seek the help of an external partner who will be able to help you better. Make website maintenance a regular activity Making your website run faster cannot happen overnight. Start with checking how quickly pages load on your website and understand what is slowing them down. Use the tools we have listed above to additionally optimize your site’s SEO scores, and evaluate technical issues with your websites as well. Next, make sure that all the

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Growing Potential of Voice Search and Its Implication for Your Business

October 10, 2018

A ComScore estimate recently suggested that by 2020, 50% of searches will be voice-based. To further support that claim, 40% of adults already used voice-based search back in 2016. By the end of 2018, it is not really about why you should implement voice search, but how quickly you can do it. Web browsing is more personalized than ever, and Google has been at the forefront of bringing individualized web browsing experience to its users, including an emphasis on voice search. Google’s Voice Search has necessitated businesses to take voice search seriously and to implement it as quickly as possible. In this article, let us take a look at the implications of voice search on businesses and what you can do it stay ahead in the race. A growing number of people use voice search to find businesses By 2020, the number of people who will use voice search in the US will shoot to 21.4 million, according to Activate. Unfortunately, most businesses are not prepared for the increasing number of voice queries. Business implications: Technologies such as Siri and Google Voice Search learn to recognize keywords and voice commands by using natural language processing. Over time, these technologies learn users’ unique characteristics of voice, how they speak, their behavioral patterns, and even browsing interests. Businesses that are not ready to handle these hyper-personalized voice-based search queries will lose out in the long term. What you should do: Audit your current strategy and ensure that you focus on long-tailed keyword phrases most-likely used by your target audience. Brainstorm new keyword targets, and try to provide the best answer for each possible query. People type keywords but speak out conversational keywords While people type keywords to look for information on browsers, the way they search via voice is different. Search queries tend to be more conversational, and entire sentences or questions are spoken out during voice search. Business implications: Voice search reflects how people really speak a certain language. Their queries tend to reflect real-life usage of a language and thus, keywords tend to be conversational and long-tail+. Long-tail+ indicates that long-tail keywords need to be optimized for conversational queries. Older keywords that are shorter will not be acceptable for voice search optimization. What you should do: Your keyword strategy should be conversational and should mimic the way people talk in real life. Imagine scenarios in which people might search for services and products your business might offer. Document and record queries that your customer service representatives frequently encounter when they speak to customers. Shortlist long-tail+ key phrases and create content pages that focus on these shortlisted key phrases. Increasing requests for specific information As Siri, Google Voice Search and other tools get smarter, people will continue to seek specific information via voice search. Generic web content will not rank very highly in voice search results. Business implications: As discussed above, people tend to speak out sentences or ask questions in a conversational manner when they search for information. Specificity of search queries will render previous content and SEO strategies quite redundant. What you should do: Optimize your Frequently Asked Questions (FAQ) page to reflect long tail and conversational keyword phrases. Natural sounding questions and answers on your FAQ page will tackle hyper-specific queries better. Apply correct schemas and use structured data markup to optimize your web content for voice search devices. Voice search is contributing to queries in the vernacular tongue Most voice searches tend to be local in nature, such as “Where to get the best coffee in Wickham” In addition, local search in vernacular languages other than English will constitute a large number of search queries. Business implication: If you do not optimize your content for local search queries, and if you do not take vernacular languages into account, you may lose out on a number of voice search queries. Most web users will tend to speak English in their vernacular accent or dialect, and they may even use languages other than English, depending on where your business is located. What you should do: Ensure that you claim your Google My Business listing, and enter your phone number, business hours, address, and business description. This helps in your business showing up when someone makes a voice search query. Secondly, optimize your content to suit local languages and dialects, and focus on local SEO. Voice searches mostly come from mobile devices While people prefer to type on their laptops or desktops, they tend to speak to their mobile devices, thanks to improved voice recognition technology. Google Assistant is currently available on more than 400 million devices, most of which are mobile. Business implications: Not being prepared for voice queries emanating from mobile devices can have real consequences on a business’ revenue. If your business is not mobile-optimized, and if the content is not optimized for voice queries, you may lose out on traffic arriving from mobile devices via voice search. What you should do: To begin with, make sure that your website is mobile responsive, and optimize your website for mobile queries. Improve overall user experience on mobile browsers such as fixing slow loading pages, making sure that videos can be played in full-screen when a user holds their smartphone horizontally and reducing the number of interstitials. A few points to remember Voice search is getting more popular than ever, and businesses need to change their current SEO strategy to include voice search. It is important to remember that voice queries tend to be conversational in nature and employ natural language. As the use of natural language results in more specific queries, optimizing FAQ pages with long-tailed keywords is important. In addition, voice search tends to be local and vernacular in nature, which necessitates local SEO, and content optimized for local visitors. Finally, it helps to optimize websites for a rich mobile experience as most voice searches come from mobile devices. If you need assistance implementing voice search strategies, contact us today.

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Implementing Machine Learning Strategies for Business Success

October 10, 2018

With each passing day, machine learning’s business implications are becoming clearer. Machine learning is a branch of artificial learning in which systems identify patterns from data, learn from insights, and make autonomous decisions with very little human intervention. As the number of smart devices connected to internet increase, so will the data generated by them. This deluge of data is also known as Big Data, and machine learning applies complex algorithms to understand patterns in Big Data to make decisions. Machine learning can provide real-time insights based on data, giving businesses a competitive edge over their peers. In this article, let us take a look at how machine learning is going to influence businesses across the spectrum. Where is machine learning used? Currently, machine learning is being used across industry verticals for business success. Here are some examples: In the media, machine learning is used to personalize content and to make recommendations, predict paywall price, and to optimize layouts. In marketing, data insights can be used to make upsell forecasts and churn predictions, while it can also help in lead scoring. Machine learning also assists in making KPI predictions such as CLV (customer lifetime value). The eCommerce industry has begun to use machine learning to promote products in a targeted manner. The retail industry, on the other hand, uses machine learning to make predictions related to inventory and store layout. Financial services use machine learning to predict churn rate and to reduce it. It is also used to predict loan outcomes and identify risky customer behavior patterns. Three scenarios in which you can implement machine learning immediately Make better sales forecasts, improve marketing campaigns, and enhance customer satisfaction You can start using machine learning to consume and analyze data from unlimited sources. You can also rapidly process analyses and make predictions related to sales and marketing campaigns. In addition, you can use machine learning tools to evaluate past behaviors of customers. According to Forbes, 84% of marketing organizations currently use some form of machine learning or AI to enhance their services. Use cases Example 1: Azure Machine Learning can be used to analyze customer churn and minimize it as well. This is more cost-effective than other traditional and time-consuming methods to minimize customer churn. Interactive Pricing Analytics Pre-Configured Solution (PCS) is a Microsoft Azure machine learning solution that helps to determine the pricing elasticity of every product that you may sell. In other words, this tool can be used to offer contextually relevant pricing. Example 2: Salesforce Einstein is a great example of what machine learning and AI can do to enhance existing CRM solutions. Salesforce Einstein can be used to implement predictive lead scoring, and the tool looks at various demographic and behavioral data sets. It can also help recommend products to your customers based on their interests, and to cross-sell and up-sell products more effectively. Offer predictive maintenance and avoid downtime Most businesses rely on corrective maintenance to fix machines and applications. Corrective maintenance requires one to wait until an issue arises, but the costs in downtime, unscheduled maintenance requirements, and labor can increase the overall expenditure exponentially. Some businesses have begun to use preventive maintenance, which urges customers (and their own staff) to replace spare parts regularly or to ensure certain security and upgrading protocols for software tools. Even scheduled downtime and under-utilization of spares before their full lifetime can result in unnecessary losses. Machine learning helps businesses to undertake predictive maintenance at the right time, whether onsite or for customers. It is the smartest way to ensure that equipment and systems are used to their full lifetime and that problems are identified before they cause issues. You can implement predictive maintenance to reduce over-corrective maintenance, scheduled downtime, and labor costs by analyzing user data and identifying when interventions need to be taken. Specific benefits include: Detecting anomalies in system performance or in equipment Predict when an asset may fail Estimate how long an asset may remain useful Recognize the reasons for an asset’s failure Recognize what steps need to be taken to offer maintenance support to Azure Machine Learning and Microsoft Azure AI platform can help in the predictive maintenance of both onsite infrastructures and provide support for customers. Detect fraud and enhance security An important function of machine learning in businesses is to detect fraud and enhance security. Machine learning technology can be used to manage portfolios, engage in algorithmic trading, underwrite loans, and detect financial fraud. Here are a few ways you can implement machine learning to enhance security: eCommerce websites can make use of machine learning to prevent credit card fraud. Create real-time behavioral profiles that interpret the actions of customers, merchants, individuals, and other entities. Supervised machine learning that uses algorithms to detect fraud after having “learned” from innumerable examples of fraudulent and legitimate transactions. Supervised machine learning can only detect fraudulent activity that has taken place previously, and thus, unsupervised machine learning is the next step. This self-learning algorithm predicts fraud and by detecting outlier behavior and transactions. Adaptive analytics helps machine learning models to continuously learn from feedback. These models can be used to detect spam and thwart IT security threats as well. For example, PayPal uses an open-source based homegrown AI and ML engine to detect fraud. After implementing this model, PayPal reduced fraud by 50%. Implementing machine learning in your business Before you implement a machine learning model, follow these steps for a customized solution: Recognize the problems which machine learning will solve Identify the data sets that will help the machine learning model to solve a problem Determine which machine learning platform you will use to build your custom model Consult a data engineer or determine yourself how you will stream data into the machine learning platform Build or choose the right machine learning model to address your issues Continuously test and adjust the model Machine learning does something for every business With proper planning, you can implement machine learning to enhance sales and marketing campaigns, make

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How Data Influences Media and Marketing Today

September 27, 2018

Market research has always been the basic tool to design and develop strategies and campaigns. However, traditional market research consumes a lot of time and requires special skills to process and analyze and to derive insights. Marketing campaigns in the past weren’t accurate because market samples did not truly represent a population, and both advertising and marketing strategies weren’t quite accurate. Campaign failures and losses can be tied down to incorrect insight or partial insight into a market’s needs and demands. In addition, most marketing agencies depended on print and TV to disperse marketing messages until the recent past. Digital media changed all that and democratized the process of marketing and advertising, while contemporary data techniques have taken digital marketing to the next level. Thankfully, newer data analytics techniques have not only reduced marketers efforts to crunch data but have also ushered in a new era in which marketing campaigns are highly personalized, scalable and democratic. In this article, let us take a look at how data has influenced media and marketing, and how there has been a complete paradigm shift. Integration of tools Software integration has led to richer insights and predictions, as there is a larger sample of data to analyze. Cloud-based solutions have helped companies to implement affordable integration solutions across departments. Integration has also brought together disparate software solutions such as CRM, ERP, and HRMS which help businesses to access more detailed data and predict outcomes accurately even on the go. Current marketing and advertising initiatives depend on such an integrated approach to make the correct move. An increasing number of agencies use MarTech solutions to predict better campaign outcomes, and this is possible because of modern data analytics. MarTech consists of marketing automation tools such as Marketo, HubSpot, MailChimp, SalesForce, and Insightly. It also includes data and intelligence tools such as FullContact, Cloudinary, Decibel, among many others. In addition, predictive analysis tools help us make better predictions and foresee campaigns even before campaigns are launched. This allows us to have defined outcomes in mind. Some of the most important predictive analysis tools used today are Microsoft’s Azure Machine Learning Studio, SAP Predictive Analytics Software, IBM Predictive Insights, among many others.  These tools can be integrated with each other, or with other enterprise software solutions for richer insights. Personalized marketing and advertising Earlier, personalized marketing was a challenge and a number of efforts never yielded the desired results. However, thanks to social media, it is easier to curate customers and people with specific interests and capture their sentiments easily. All this data can now be crunched and analyzed for better insight, leading to highly specific marketing and advertising campaigns. There are a number of marketing automation tools that help you personalize advertising. HubSpot and MailChimp can be used by both small and medium-sized businesses to personalize campaigns, while Marketo is a value addition for larger organizations. All these tools use data to take personalization to the next level. In addition, you can use Google Optimize 360, which helps you create custom segmented customer experiences. Forbes also listed Clearbit, Kickbox, Quickmail, Buzzstream, and other tools in its list of tools that help personalize marketing and advertising. In short, these tools help to gain better insight about customers and market, which helps personalize marketing and ad campaigns even at the micro level. The advent of MarTech and AdTech In the last couple of years, technologies that assist in automating and turbocharging marketing and advertising processes have been given the terms of MarTech and AdTech. Both these technologies have helped thousands of agencies to provide better campaign results, automate most marketing processes, and process data in a useful manner. The advent of MarTech and AdTech has also resulted in marketing Big Data. Various market-related data is constantly added to Big Data, and data analytics continue to derive richer insights. Most importantly, MarTech tools like GetResponse, Autopilot, iContactPro can be integrated with ERP and CRM for more coherent insight. After all, both frontend and backend need to be in sync with marketing campaigns for the message to reach effectively to the right audience. It is important to note that while marketing technology tools can up your data game, it is really up to you how to use the insight your derive. For example, integrating a digital asset management (DAM) with Adobe Creative Cloud can provide insights into how designers influence the marketing process. Or, you can choose to integrate Oracle Eloqua with an ERP like Sage 100 ERP or SAP Business One to better understand how order processing trends can improve future campaigns. Data helps launch hybrid and omnichannel marketing campaigns Most marketing campaigns tend to take a hybrid approach, combining online with offline. A survey conducted by Vistaprint Digital showed that 29% of businesses ignore either offline or online marketing practices, favoring one practice more than the other. However, a hybrid approach that uses both the practices is always more beneficial. Some of the ways you can use data analytics to spur offline marketing success are by analyzing QR code usage, proximity marketing using Bluetooth technology, and tracking URLs and web traffic generated from offline visits to actual stores. Using data analytics to track these behaviors will help to launch more cohesive omnichannel marketing campaigns, which bring an integrated shopping experience to customers. Facebook and Google have come up with tools which help advertisers to understand the effect of online advertising on offline sales. They can predict and track online to offline conversions. Data is here to stay for the long haul As you can see, data tools have changed the game when it comes to marketing and utilizing media tools. While we are no longer reliant on traditional media platforms, and digital platforms have long become mainstream, data analytics has ensured that digital marketing will continue in a forward path in the months to come. All these trends will help agencies to develop and implement marketing and ad campaigns quickly across digital media platforms. Dissemination of marketing communication

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Five Ways to Transform Your Business through Right Digital Infrastructure

September 4, 2018

While most businesses have adopted digital infrastructure to some extent, many still do not have a holistic plan to transform their business using the right digital infrastructure. Studies show that most businesses tend to retain legacy tools while implementing the digital strategy, and what really happens is, there is a complete mismatch between digital and non-digital, leading to subpar organizational performance. In result, companies see results that are satisfying in some areas, while creating new risks and liabilities in others. Businesses need to have a 5-pronged approach towards digital infrastructure. This will help look at their entire business infrastructure as a single entity and build a strategy around it. In fact, the right strategy will help your business to transform itself into a lean and uber-efficient machine that can give your competitors a run for their money. Most importantly, having a digital strategy will help you to focus better on your business and enter new avenues. In this article, we describe our 5-pronged approach to make use of digital infrastructure in the right way and optimize your business to achieve new heights. Evaluate existing hardware and go for a major upgrade One of the first things you need to do in order to assess your hardware situation is to examine how your network infrastructure is. Network infrastructure includes both software and hardware components and is an integral part of IT infrastructure. For your software components to work efficiently, your enterprise network needs to be top notch. Evaluate existing routers, operating systems, network security applications, network operations, IP addressing, wireless protocols, etc. At the same time, evaluate data centers as well, as most businesses use subpar services which are often exorbitant. Consider seeking an external vendor’s help in choosing the right data center for your business requirements. To transform your business using the right data center, begin with creating a strategy. Implementing agile IT organization is crucial to this process, as is virtualization and cloud. Intel’s whitepaper recommends evaluating aging infrastructure by computing various metrics and KPIs. Please bear in mind that agile infrastructure can either be virtualized or nonvirtualized, and this solely depends on your organizational requirements. Nevertheless, virtualization is key to having a successful cloud strategy, which we shall discuss next. Move to the cloud whenever possible Today, you can practically move every legacy technology to the cloud and reap the benefits of reduced costs, increased efficiency, and access to technology which you previously didn’t have. Software as a Service (SaaS) helps you to access and use software programs which were probably out of reach for you if you are a small business. If you are a large business, SaaS is equally important to reduce dependency on physical infrastructure and keep your business agile and scalable. SaaS models offer pay-as-you-go schemes, which allow businesses of all sizes to scale or downscale depending on their situation. In addition, the cloud can also help you to access infrastructure via the cloud. Storage, data centers, and even networks can be used on an infrastructure as a Service (IaaS) model. Cloud computing helps businesses to eliminate organizational flab and grow lean and agile. If you are a service provider yourself, consider using PaaS (platform as a Service), which helps you to develop new applications and tools on cloud-based platforms, instead of having to invest in expensive platforms. In short, cloud computing provides the technological impetus required to make your business grow quickly. Integrate what you can With more businesses using tools to automate processes, ERP, CRM, and HRMS tools are almost an integral part of every successful business. However, they create unique problems of duplicate entries, repetitive manual exchange of information, and a continued lack of coordination between departments. Integrating these tools using available APIs is a popular method to reduce duplicate entries and increase automation. Most importantly, data can be shared between integrated tools, leading to richer insight and more accurate predictions. If you have an eCommerce business, for instance, you can integrate your ERP with your CRM, so that purchases made by customers online is immediately reflected the inventory department, which can replenish stocks automatically. The possibilities are endless, and such a heightened level of coordination is only possible when you integrate software tools. Before you decide to integrate, make sure that you have an integration strategy, and that you have spoken to vendors who will be able to do it for you efficiently. Integration strategy also involves training your staff so that they use the new interface effectively. In addition, you will also have to account in for security-related ramifications. Implement Internet of Things, Blockchain, and Artificial Intelligence These may seem like disparate terms often used by IT honchos, but they are very important for businesses of all sizes. IoT, or Internet of Things, uses sensors embedded in devices to intelligently communicate with servers and perform functions that ordinary devices cannot. These can further be connected to smartphones so that device-users have more control over how they interact with it. In a business perspective, sales and marketing teams can use IoT-enabled devices during promotional events, while logistics and product-handlers can use IoT enabled product tracking. Blockchain is another digital technology which can help businesses immensely. You can use smart contracts to ensure security, and distributed ledgers allow you to process transactions in a safe and secure manner. Blockchain has a number of applications for businesses, right from identity verification to automated approvals. Artificial intelligence is another emerging technology that has now become mainstream for business use. Regardless of the size of your company, you can use AI-enabled chatbots for customer service, social media management, and certain marketing tasks. These technologies are accessible, affordable, and easy to implement. Businesses only need to decide to embrace them before their competitor does. Focus on digital governance and security To ensure business success, it is not enough to have the best infrastructure in place. Digital infrastructure’s success depends on how secure it is against various kinds of threats, and how wisely you are

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The Accelerator of Growth – Sales Automation

August 24, 2018

Globally, the sales team is crucial in helping businesses succeed and it is often the duty of top-level executives to breathe life into sales teams. Sales teams are often pressurized to identify and gather leads, make contact, manage opportunities and leads, convert them to sales, and prepare sales reports. In between these dreary-sounding tasks, they also need to make calls, write emails, answer queries and engage in a lot of repetitive manual tasks. In fact, across North America and Europe, manual and repetitive tasks take up sales teams’ time much more than actual core sales activities, which leads to reduced sales and conversion rates. Sales automation helps fix this problem and gives your sales team their mojo back. It helps them to get back on track and plan strategies and implement them, instead of writing repetitive reports. In this article, let us take a look at what sales automation is, and how it accelerates your business growth. What is the sales automation? Sales automation is a software tool that helps your business to automate repetitive tasks such as documentation, sending emails, controlling inventory, pricing, and contract management. It often comes as a part of your CRM or can also be purchased separately, if you want a specialized tool. It helps to reduce the burden on your sales team by automating repetitive and manual tasks so that they can focus on core sales activities. In result, your sales team finds it easier to nurture leads, to interact with them, and to help convert them into customers. The reduced time and effort leads to increased productivity at work, and of course, sales automation has a number of other advantages too. Here are its basic features: Close deals easily: Sales automation helps you to close more deals quickly. You can automate content management, collaboration, and use marketing tools that will help you to find leads as well. It is not a surprise that most businesses use sales automation to manage contacts and accounts and to manage sales opportunities. Find more leads: Sales automation also helps you to find more leads. you can track how well your marketing campaigns are doing, and access sales data on demand. This helps you to send out reports to decision makers quickly so that territories can be planned and campaigns can be launched instantly. Enhance productivity: Most sales automation tools are available on mobile devices, and you can perform sales activities while on the go. You can close deals while on the train or while waiting for your business lunch at a cafe. In other words, sales automation helps you to accelerate productivity. You can easily share files, sync data, and access visual workflows. All business processes can be automated using drag and drop features within a mobile app. Make informed decisions: Most importantly, sales automation tools help you to make informed decisions at the right time. You gain access to reports and dashboards from wherever you are, and accessing sales forecasting gets just as easy as well. With real-time access to your team’s forecasts, mailing to and fro and intra-departmental squabbles are a thing of the past. How sales automation accelerates growth In this section of the article, let us take a look at how sales automation accelerates growth and quickly improves your teams’ productivity as well. Identify your customers Sales departments spend a lot of time trying to identify who could be potential leads and customers. The more time they spend on identifying customers, the less time they can actually use to make contact with them. Sales automation helps identify customers and leads quickly using various metrics. This helps sales teams to quickly make contact and engage in actual sales activity to urge the customer to make a purchase. Businesses often waste considerable temporal and financial resources on customer identification and with a good CRM, that can simply be automated. Access customer information There is little wisdom in developing a sales strategy if we do not understand what the customers want. Knowing how the customers think, where they come from, and what their demographic tends to do are more important than blindly developing sales campaigns. Sales automation provides deep and rich insights about target audience so that intricate sales campaigns can be designed and developed. Targeted campaigns help drive up conversion rates and assist in company growth. Create and edit content Writing reports and documenting sales activities are crucial duties a sales team does. However, these activities can take a lot of time, and result in unnecessary delays in performing other core activities. A good sales automation tool readily creates reports and helps you to focus on more important activities that cannot be automated. Why not generate reports and then make a presentation in person, which has a better impact than just mailing the marketing department cold reports? With sales automation, there will be more time for your sales team to engage in such activities that enhance inter-team communication and collaboration. Follow-up with customers and leads Whether it is writing emails or calling customers over the phone, if you do not do it at the right time, you will not be able to keep a lead warm. To make sure that customers are followed and tracked continuously, and to ensure that leads are kept warm, automate the process of follow-ups. Sales automation can automate communication and help you to remain in touch with them. However, do not automate all communication with your leads and customers as that can have unintended effects. Analyze calls, emails and other communication platforms Call analysis provides valuable information about what customers want, and analyzing email texts can be equally important. CRM tools provide exquisite features that help you to track how email newsletters are read, by whom, and when. They also provide information related to how you can improve your email communication to enhances sales growth. Manual analysis is simply too tedious and sometimes not even accurate. Let us not forget about how important analyzing social media communication is for sales. A

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Cloud Technology’s Interoperability and Portability

August 21, 2018

Globally, as more businesses begin to use cloud services, interoperability and portability are terms you will hear quite often. What may seem like very technical concepts are quite business-centric, and understanding how portable or interoperable a particular cloud solution is, and that is very critical to business success. If your business is trying to move from legacy tools to cloud-based solutions, you will need to familiarize yourself with both these concepts and ensure that you make the right decisions before choosing your cloud vendor. The most important advantage of understanding cloud interoperability and portability is that you will be able to avoid vendor lock-ins and pick and choose the services you want. In this article, let us take a look at both cloud interoperability and cloud portability, and how it affects your cloud performance, and what you need to do in order to choose the best services. What is cloud interoperability? Cloud interoperability is the capacity of two or more systems to swap information and use the information that has just been swapped. This means, both public and private cloud applications and services should be able to exchange and understand APIs, data formats, and configuration. Jason Sparapani also lists authorization and forms of configuration as part of the information that can be exchanged. When APIs are exchanged and interoperability is built into cloud systems, customers can switch from one service to another without feeling locked-in or obliged to be with a single vendor. What this really means to you as a business owner is, if your cloud service rates high on interoperability, you will be able to change your vendor if you are not happy with their services, at a minimal cost. Your data and information cannot be locked-in by your vendor for any period of time. This freedom not only allows you to change when you are not happy with the services but will also drive cloud vendors to remain competitive and offer the best in class services. What is cloud portability? Portability offers cloud users a different kind of freedom. Cloud portability refers to your ability to transfer data and apps between legacy and cloud systems, and also between different services provided by different vendors. Cloud data portability helps you transfer data between legacy and cloud systems. APIs help you do that, by allowing you to migrate data from a legacy tool to a cloud tool (or the other way round, if you so choose to do). Cloud application portability helps you to move an actual application from your legacy system to the cloud, or from one cloud service to another. Cloud application portability helps you to use the app you want, in the place where you want to do so. Cloud data and app portability are not the same as interoperability, and this refers to your own freedom to move applications and data around. Interoperability, on the other hand, refers to the application or service’s ability to exchange data and information and also to use it. If the API could solve it all, why don’t we just have one? The main reason interoperability is a challenge at the moment is, there are far too many companies offering cloud services, and they all have different APIs. This means, two applications with different APIs will not be able to read each other, and this is also how many companies indirectly lock you into their cloud-based plans. APIs are not standardized, and businesses often have to seek developers who will build mapping layers to communicate between different APIs. There are also cloud service brokers who will do the mapping for you. Both Platform as a Service (PaaS) and Software as a Service (SaaS) face the challenge of too many APIs being around. As a business client, you are most likely to use a system delivered via SaaS. Before you sign an agreement with your vendor, make sure that you ask the following questions: Is the data portable? Is the application portable? What are the interoperability challenges that your solution poses? Do we have access to the API if we choose to move the data at a later date? Are we free to unsubscribe from your service and take our data (and application) with us to wherever we want (another cloud vendor)? What you actually need to do You must also bear in mind that not all applications can be readily ported to the cloud. If they depend on legacy technology, and if they actually need on-site machinery in place, porting data to the cloud can prove to be difficult. However, there are hybrid methods that combine both cloud and on-site systems to create portability during future use. To make sure that you are safe nevertheless, you need to make sure of the following factors: Look for scalability Before you choose a cloud service, you need to make sure that it is scalable. If your business grows, you should be able to add or remove features and capacity according to your demand. Do not hesitate to make this is a decisive criteria while choosing your cloud service. Make sure the service is agile Agile cloud applications and services ensure that your business runs smoothly and efficiently. Agile development ensures that cloud-based projects are completed in time and that there are no delays in either porting or moving data to whichever service or application you want. Try to opt for a pay-as-you-go model Do not sign a contract upfront that requires you to pay large amounts of money in the beginning. Make sure that you pay as you go, without getting locked into services or subscription plans. Having an honest conversation with your vendor usually solves this problem. What about security? While everything about interoperability looks good on paper, and in conversations, there are also certain risks. One of the main risks is security. When too many companies, platforms, and applications are involved, the chances of your data being compromised is higher. You should always ensure that your vendor offers top-notch security

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Blockchain as the Newest RegTech Application – An Opportunity to Reduce Financial Institutions’ Burden of KYC

August 17, 2018

Regulatory challenges have often caused unnecessary inconvenience and delays within the financial services industry across the world. Compliances issues affect every financial service today, and many businesses have often paid enormous amounts in terms of fines, legal fees, and loss of business. The need for compliance and stringent regulations are necessary, especially in a world that is increasingly becoming prone to fraud, security threats, and cyber threats. Governments and regulatory bodies are right on their part to expect compliance from financial institutions, one of which is the ubiquitous KYC document (Know your Customer document). While financial service providers have meticulously collected KYC documents and ensured that they comply, the process has often been long drawn out, complex, and often mired with bugs and technical issues. Most KYC compliance happens digitally, and companies often repeatedly seek KYC from customers, often leading to opt-outs. Technology can help fix this issue for financial service companies, and one way is using RegTech. RegTech is short for regulatory technology and makes use of cloud computing technology delivered via a Software as a Service (SaaS) model so that businesses can easily process KYC documentation quickly and efficiently, at a lower cost. What is going to change RegTech even further is the use of Blockchain. In this article, let us take a look at how Blockchain is changing RegTech, and helping financial institutions to process KYC documentation quickly and efficiently. What exactly do the RegTech companies do? So far, companies that offer RegTech solutions have been working with regulatory bodies alongside their clients, financial institutions. By combining the goodness of cloud computing and big data, RegTech companies have made available sensitive information often required to validate KYC documents. Many RegTech companies have also used predictive analytics and big data to comb through previous regulatory failures and predict future risks that financial institutions should consider. Most RegTech companies have focused on creating analytical tools that sift through big data to pick sensitive information that could help financial institutions to comply better with regulatory authorities. RegTech companies offer solutions ranging from KYC validation to alerting money laundering activities and preventing cyber hacks and data breaches. Simply put, RegTech companies monitor digital transactions in real time and identify irregularities to prevent fraud and other risky events from taking place. Financial institutions alone cannot identify, predict, or avert these risks, nor will they be able to comply with all the regulations, including KYC processing. Using Blockchain for KYC processing Blockchain, which is a distributed database stored on a particular network, and accessible on all computers authorized to do so, is a technology that is picture-perfect for regulatory compliance. In Blockchain technology, every file is split into parts called blocks, and each block needs to be validated individually by the entire network. Smart contracts are based on this technology, and for a contract to be processed, all parties involved need to provide their digital signatures. As all data is encrypted, security is always ensured. In addition, as data is stored across a network and not just on a single computer, hacking or tampering with data is impossible. Most importantly, Blockchain data is immutable, and all changes made to the original database can be tracked. In the financial services arena, this quality is very important because customers simply cannot make changes to their financial history if something had gone awry previously. KYC documents can be processed in an error-free, encrypted, and automated environment, which simply is not possible in other technologies. RegTech applications using Blockchain can integrate both KYC and anti-money laundering steps for commercial usage, and this can be made available to companies both publicly and privately, depending on regulatory requirements. How Blockchain helps companies to reduce KYC burden Blockchain applications can be delivered as cloud-based RegTech apps via a SaaS model to financial institutions so that they can conduct their KYC operations to meet regulatory compliance. Let us take a look at how Blockchain can help financial institutions to reduce the burden of KYC: Identify and verify client information KYC requires financial institutions to identify their customers’ personal details such as name, address, nationality, birthdate, etc. Such basic data can be verified with the help of an identification card that is approved by regulatory bodies. Blockchain digitalizes information and validates such information by cross-verifying digital identities from various sources already available to the Blockchain. In other words, Blockchain not only helps customers to manage their digital identities, it also helps financial institutions to conduct basic KYC seamlessly. While KYC for individual clients using Blockchain is quite straightforward, it gets a little complex for professional entities. Professional entities require the KYC processing of directors’ identities, and other key persons (or corporations themselves) involved. Avoid risk by screening high-risk individuals Most financial institutions gain access to only the basic information of a customer. This basic KYC is not enough to avert risky situations such as money laundering, payment defaults, frauds, financial bankruptcy, etc. Banks can easily screen high-risk individuals if they subscribe to a Blockchain database that stores and validates information related to previous risky financial behavior. In addition, Blockchain-based RegTech apps can also predict future risky behavior by combining predictive analytics and big data with Blockchain. If a customer has had a questionable financial history, for instance, a Blockchain would confirm this to the bank or insurance company, which can decide not to lend a loan or approve an insurance claim. This mechanism can also help in averting money laundering and fraudulent activities, helping financial institutions to comply with regulations. Determine the inherent risk of customers A number of financial relationships require a much deeper insight about the customer or client. The KYC team will need to process questionnaires that probe negative press releases, criminal activity, political opinions and alliances, and a variety of other publicly available information. However, the KYC team simply cannot put all these unrelated datasets together and arrive at conclusions regarding the risk a customer poses. Regulators often prescribe the criteria for determining a customer’s inherent risk, and

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Digital Success Summit: Learning to Achieve Digital Success in India

August 8, 2018

Digital adoption in India has been phenomenal, and the rate at which emerging technologies are embraced by Indian businesses is equally impressive. Part of the reason why the Indian market is more amenable to digital adoption is the fact that it is the hub of software development and outsourcing since the early 1990s. From those early days of information boom to today’s Blockchain development and mobile eCommerce, India has come a long way and is much ahead of other nations. Yet, digital adoption needs to take place at the grassroots level and most Indian businesses today have not exploited the infrastructure and services available to them to bring their products and services to the global market. There are some important reasons why Indian businesses in general, have not adopted technology to boost their ROI, unlike their tech counterparts who offer technology-related services and products to a global clientele. While the Indian eCommerce industry is growing at a rapid pace, regular businesses, stores, and enterprises are still treading slowly when compared with global peers. This unique dichotomy exists not only in India, but also in other emerging countries where a certain tech-savvy section of the business community adopts digital, while the rest of the business and enterprise community does not make use of the facilities, services, and infrastructure readily available to them. Why are Indian businesses slower in digital adoption? To the casual observer, India seems like the hub of all software and technology related activities. After all, India serves as both the backend and frontend of the world’s technology-based economy. Yet, in its own backyard, businesses are slower in adopting a technology, and a closer inspection will reveal that most small and medium businesses in India’s hinterland are simply not made use of the digital tools available to them easily. This is mostly because : Non-availability of information Much of India is rural, and even in the larger cities, business owners do not have information related to digital technologies available to help boost their businesses. There aren’t many outreach programs for business owners to refresh them about the latest technologies such as IoT, artificial intelligence, Blockchain, or even various facets of cloud computing and automation. The result is, businesses still use outdated marketing techniques, spend more money and time on campaigns that do not fetch the results they seek, and traffic that simply doesn’t convert. Inaccessible services and products While Indian tech companies virtually run much of the global economy, back home, businesses do not have access to services and products available to their international peers. Businesses have still not adopted eCommerce technologies, many still use manual methods in place of automated solutions, and advanced conversion rate optimization techniques, etc. are still unheard of. Making existing digital facilities available to Indian businesses is crucial to digital adoption in India. Both cloud infrastructure and marketing automation solutions are widely available for international businesses, but yet out of reach for most Indian businesses simply because they are not easily accessible. Lack of guidance and support While there are several technical consultants in larger cities of India, the consulting guidance and support available to businesses are not adequate. There simply isn’t a cohesive network of technology service providers dedicated to bringing digital solutions to Indian businesses. Regional digital summits are crucial in helping raise awareness about facilities and infrastructure available to businesses of various statures to lunge forward. Regular summits can help businesses to not only understand the products and services available to help them adopt digital solutions but also to scale quickly. Absence of digital-first culture While lack of information and inaccessibility of digital solutions can be blamed for slower adoption among Indian businesses, there is also an absence of digital-first culture among many businesses. Many businesses still hold on to legacy systems and operations which are not relevant anymore. these methods, tools, and technologies simply hold them back, while their competitors who adopt newer tools and methods achieve success quickly. With this in mind, there need to be more digital events, summits, and conferences which normalize digital adoption among the Indian business community. The Digital Success Summit, 2018 It is with all these reasons in mind that the Digital Success Summit has been organized. The summit brings together a variety of speakers, keynote presenters, and workshops to participating businesses and entrepreneurs, to help them adopt digital solutions quickly and efficiently. The Digital Success Summit 2018 will be held in Kolkata, West Bengal, on the 10th of August. The summit will help business owners to adopt the most useful digital strategies to achieve success and growth. The conference will help businesses to Understand how the internet works and is governed Choosing the right domain name for your business Understanding what cloud computing is all about, and which cloud hosting to choose If you should get a mobile app developed or not Use marketing automation and marketing KPIs to drive more sales Maximize online leads to sales conversion rate Learn how to create viral content and engage in influencer marketing Choosing the right CMS for your website, and using conversion rate optimization (CRO) tricks Using paid marketing to drive eCommerce transactions and creating trust using personal branding How to bring a digital culture shift in organizations, and making sure that every business is safe from cyber attacks Understanding IoT and analytics The Digital Success Summit has been specifically organized to help Indian businesses to overcome the hurdles in adopting digital solutions, and get past their cultural barriers to embrace a brave new world which will lead them along the path of competitive edge, global success and business efficiency. From digital infrastructure to media and advertising, and from business enhancing catalysts to KPIs and analytics, the summit has got all things digital covered for businesses to achieve success.  

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How OTT Will Drive Innovation in 2018 in India

August 2, 2018

With nearly 500 million internet users, a figure that is growing at a rate of 8%, India is one of the largest drivers of digital innovation across the world. India’s potential as a market for global media and entertainment sector is unprecedented, and a liberal investment environment is helping foreign players to enter the Indian market easily. The government’s Digital India Initiative is helping even the most remote villages to stay connected. Indian culture values entertainment and the growth potential for media houses and entertainment giants are enormous. Over-the-top (OTT) media services have already entered India, and services such as Netflix, and Amazon Prime have a growing number of users across the country. Surprisingly, OTT is growing popular even in smaller towns and villages where internet speed has been questionable, to say the least. In such a scenario, OTT is going to drive innovation in India simply because of the sheer value of the market that India offers. In this article, let us take a look at how OTT is set to change the entertainment and digital scene in India. What do the numbers say? When we look at statistics related to internet usage in India, it is quite unavoidable to feel overwhelmed by the sheer figures. These figures indicate that video consumption in India is growing at the speed of light, and much of the aspirational rural and small-town users have already begun to stream media using high-speed mobile internet connections. With a rural to urban migration pattern, accessing high-speed internet connections is not only easy but also a reality already in the making. Of the half a billion internet users, there are at least 180 million active online video viewers. In 2017, the OTT market in India was valued at 37 billion rupees. OTT market in India is expected to grow at 17.3% in the next five years. People have already begun to supplement TV viewing with multiple OTT platforms such as Amazon Prime and Netflix. India is a diverse country with more than 22 official languages. Content in these languages is set to grow at an unprecedented rate. By 2020, there will be more than 700 million smartphone users in India Here are the top 7 areas where OTT is going to spur innovation : Personalized content The concept of personalized content is relatively new in India. However, OTT is set to change all that, and we can see that already happening. Netflix, Apple Music, Amazon Prime, and other OTT-based services have begun to offer personalized content to a market that was mostly used to the hand-me-down equivalent in media content. Personalization spurred by OTT will likely have cultural and social ramifications but in a positive manner. Indian media consumption has been dominated by proscriptive relaying of content without much choice for the actual viewer or consumer. OTT will change that and help Indian users to choose what they want, and watch they will most likely want to watch or listen. Newer players will make use of data insight to change algorithms and develop apps and media content that will actually appeal to individual users. In other words, OTT will help propel the process of individualization of Indian entertainment and media consumption. Streaming of video and audio More than 70% of revenue earned by the Indian music industry now comes from digital streaming. Affordable and high-speed internet connections have helped the music industry to make use of online platforms to offer music as OTT. Similarly, Indian movies and TV shows have a huge potential to reach the market via OTT. Most people in India have begun to replace their televisions with smartphones for media consumption. As smartphones usage tends to be an individual affair, as opposed to a family watching TV, individualization, and personalization of music and movies will grow. There is a potential market for larger screen smartphones in India. Innovation in device manufacturing and accessories is an area that manufacturers and distributors should look at. Accessories such as smart headphones, artificial intelligence, and IoT-based media consumption devices, etc. have a promising future in India, thanks to OTT. Mushrooming of online gaming Video games in India are quite popular, throughout of reach for most ordinary citizens. Xbox, Nintendo, and PlayStation were all out of reach for ordinary and rural Indians, and their usage was limited to affluent urban users. The advent of affordable Android-based smartphones have democratized online gaming and brought gameplay to millions of smartphone users across the country. OTT has a huge role to play in bringing video game content to Indian users. Potential opportunities in online gaming include video games developed in various languages of India, indigenous game development, and streaming of global video games on subscription models. 4G speeds, OTT, and affordable subscriptions have already begun to help users across India play video games. Most video game players use smartphones priced $300 or below, and there is a market for large-screen smartphones in this particular demographic. It is no wonder that the gaming industry in India is expected to become a $1 billion industry. Content in various languages of India Right from sports, music, and movies to online gaming, content in regional languages is likely to be the focus of media houses, whether national or international. SonyLIV, for instance, believes that a large proportion of its OTT offering will depend on media consumption in languages other than English, such as Tamil, Bengali, Kannada, etc. In fact, Sony has plans to attract 200 million users from various linguistic states of India, subverting the idea of homogeneous media consumption. While music and movies already have an OTT presence for various languages of India, OTT-based TV services hold promising opportunities as well. As discussed earlier, the gradual replacement of TVs with smartphones will likely open up opportunities for TV content creators and aggregators as well. Innovation in this area will focus on making TV-streaming in regional content quicker and more accessible. Mobile app streaming via OTT is another area that might open doors to

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