Tag: Indus Net Technologies (Int.)

LIFE SCIENCE & PHARMA NEWS WWRAP

Life Science & Pharma News Wrap | Weekly Snippets

July 21, 2023

✅ NVIDIA is investing a whopping $50m to unlock the true potential of AI in the pharmaceutical landscape. This investment will empower researchers to explore vast datasets, accelerating drug development for faster relief to those in need. https://www.pharmaceutical-technology.com/news/nvidia-invests-50m-in-ai-enabled-drug-discovery/ ✅ Galmed is harnessing the power of AI to ensure that no patient is left behind. This inclusive approach will help in clinical trials, and reaching or recruiting underserved patients. https://www.outsourcing-pharma.com/Article/2023/07/12/galmed-uses-ai-to-recruit-underserved-patients-into-clinical-trials ✅ Plus91Labs is leveraging some brand new tech stacks to transform the pharma industry and supercharge MR efficiency. This will empower pharma professionals to make data-driven decisions, streamline operations, and deliver top-notch patient care. https://www.cxotoday.com/interviews/plus91labs-harnesses-technology-advancements-to-revolutionize-pharma-solutions-and-optimize-mr-efficiency/ ✅ Lupin is undergoing significant tech adoption and upgrades that will empower innovations which can elevate patient care to greater heights. https://www.businesstoday.in/industry/pharma/story/lupin-undergoing-significant-tech-adoption-upgrade-says-pharma-majors-top-exec-387247-2023-06-27

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Retail news wrap

Retail News Wrap | Weekly Snippets 

July 21, 2023

✅ Urban Vyapari’s AI-powered POS software and devices are all set to take the future of the retail and restaurant business to the next level. https://www.ahmedabadmirror.com/urban-vyapari-launches-ai-powered-pos-software-and-devices-to-revolutionize-retail-and-restaurant-industries/81860175.html ✅ ShelfSet, an all-new innovation powered by AI tech is ready to make the retail and beverage distribution game easier for users. https://www.digitaljournal.com/business/shelfset-revolutionizing-retail-and-beverage-distribution-with-innovative-ai/article ✅ Kama Capital’s latest AI tech is here to empower smarter investments, data-driven strategies and unparalleled success in the dynamic retail trading market of the Middle East. https://www.financemagnates.com/forex/kama-capital-deploys-ai-to-enhance-retail-trading-in-the-middle-east/ ✅ Reliance Trends is powering it’s retail foorprint with a brand-new tech-enabled store. Expect personalised recommendations, interactive displays, and seamless checkouts in the days to come. https://www.indianretailer.com/article/technology-e-commerce/ecommerce/retail-india-news-how-titans-jewelry-biz-keeps-growing

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Sales Return Forecasting with Data

Mastering Sales Return Forecasting with Data: A Merchandising Guide

July 21, 2023

Sales return forecasting occupies a predominant position with regard to strategic decision-making, optimisation strategies, merchandising success, and overall business performance. Businesses would do almost anything to get accurate and predictable forecasts of sales and revenues by leveraging data. This will not only help in drawing up annual budgets, but also boost overall performance through plugging loopholes and staying ahead of trends. Sales return forecasting is a specialised technique that also influences future growth and expansion plans. Here’s a closer look at the importance of the same. The Importance of Sales Return Forecasting Sales return forecasting is indispensable for companies in an increasingly cut-throat environment. They can enable effective forecasting through leveraging data and using advanced forecasting techniques and models. This is how it is beneficial and important for companies in merchandising: But how does data slot into the picture here? Here’s finding out. The Power of Data-Driven Sales Return Forecasting Accurate and powerful sales return forecasting is only possible by leveraging data. It is data which is king here and hence it possess the capabilities to empower better and more accurate forecasts. Here are a few points worth noting in this regard: These are some of the data types that can help companies enable more accurate sales return forecasting. But how does it shape up in the future for the merchandising space? Here’s taking a closer look. The Future of Sales Return Forecasting The future of sales return forecasting will primarily be driven by several factors, including the following: However, while sales return forecasting has its clear benefits for organisations, there are a few challenges worth considering too. Here’s looking at the same. The Challenges of Sales Return Forecasting Here are some hurdles linked to sales return forecasting that companies may have to contend with: However, these challenges can be surmounted with the right training, technological tools, and investments in building forecasting solutions for the future. Companies are increasingly depending on tech and data-driven sales return forecasting for better merchandising success and overall business growth. FAQs 1.How does the accuracy of sales return forecasting impact business performance? The accuracy levels of sales return forecasting have a direct impact on business performance, since accurate forecasts enable better decision-making on future expansion and operations. They also enable better budgeting, planning, resource allocation, procurement, future demand anticipation, and identification of potential issues.  2.What are the key considerations in selecting the right forecasting models for sales returns? The key considerations include the forecasting context, availability of proper historical and other data, relevance of the forecast, accuracy degree, time period, benefit/cost of the forecast to the organisation, and the time at hand for the analysis in question.  3.What strategies and technologies can help address the challenges of sales return forecasting? Some strategies include maintaining proper quality and relevance of historical data and using qualitative data in the process too. Other approaches include better communication throughout departments, accounting for seasonal variations and trends, and also removing stockout periods from forecasts. Some technologies that can address challenges in the space include artificial intelligence and automation, along with machine learning and data analytics. 4. How can companies leverage historical data and trends to improve sales return forecasting precision? Companies can tap historical trends and data for enhancing the overall forecasting precision of sales returns. This is possible since accurate data will enable better visibility into expected future sales patterns and revenues. It will give companies an idea of the sales cycle, pipeline estimates, and what to budget in the coming timeline. 

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HCP centric Branding in Pharma Industry

Pioneering HCP-centric Branding: Revolutionising the Pharma Industry

July 19, 2023

Healthcare professionals (HCPs) are the target customer base for pharmaceutical companies. Now when it comes to offering them more innovative solutions for better patient outcomes and trust building, there has to be a better understanding at work for tailoring campaigns. In a highly regulated pharmaceutical marketing environment, is it possible for companies/brands to build better relationships with healthcare professionals (HCPs)? The answer is yes, provided the brand-building activity is done in a suitable manner. Here’s knowing a little more about the same. Understanding the Needs of HCPs Understanding the requirements of healthcare professionals (HCPs) is crucial for not just trust building but also to ensure more purposeful pharma brand-building. HCP engagement can be summed up as an approach that is diverse and targeted throughout multiple channels, with a view towards actively responding and seeking the requirements and feedback of HCPs. This may be done through various forms of communication, marketing, outreach, events, programs, educational and awareness initiatives, tailored content, and more. Here are some key points that should be understood clearly in this context: Building Trust with HCPs Trust building with healthcare professionals (HCPs) is a two-way street, based on the principles of authenticity, credibility, reliability, and transparency as outlined above. Here are some other points worth noting in this regard: Creating a Purpose-Driven Brand Here are a few ways in which a purpose-driven brand can be built by pharmaceutical companies in order to engage better with HCPs. FAQs 1. What are the key insights and data sources that pharma companies can utilise to better understand HCPs and their needs? Pharmaceutical companies can utilise various sources of data and insights to understand HCPs and their needs better. These include direct or indirect feedback and insights from HCPs, social media communication and interactions, posts and relevant content from HCPs and stakeholders regarding products, services, and their challenges, and so on.  2. In what ways can HCP insights be integrated into the branding process to create a brand that resonates with HCPs and builds trust? HCP insights can be integrated seamlessly into the process of branding in order to enable better brand-building. This can be done through collaborative initiatives for engagement, awareness, and education. Other methods include community-based information and learning sessions.  3. What ethical considerations should pharma companies keep in mind when leveraging HCP understanding for brand development? Some of the ethical considerations to be kept in mind by pharmaceutical companies in this case include respecting data privacy and adhering to consent regulations. Pharmaceutical companies should also abide by data security policies and maintain open and transparent communication with regard to information sharing.  4. What are the primary challenges and obstacles faced by pharma companies when it comes to leveraging HCP understanding for brand development? Some of the primary hurdles faced by pharmaceutical companies for tapping an understanding of HCPs to enable better brand development include the lack of proper opportunities for face-to-face interaction and higher competition for HCP attention and time spans in the market. Other challenges include aligning products and value propositions at the right time for the right HCPs.

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Financial Services with Blockchain Technology

Securing Sensitive Information: Empowering Financial Services with Blockchain Technology

July 18, 2023

Sensitive data protection has become a major buzzword in the financial series industry. Financial privacy and data security solutions are modern-day necessities for banks and other entities operating in the industry, considering disastrous data breaches and Cybersecurity threats that have rocked the segment in the last few years.  Blockchain technology has also become a major tool for empowering financial services players to safeguard sensitive information. It is a transparent, decentralised and secure framework which will ultimately transform the manner in which financial transactions are executed. It will lead to lower costs, higher security, and improved efficiency levels overall. Here are a few aspects that you should certainly take into account.  Blockchain for identity verification Blockchain technology has wide-ranging applications for identity verification purposes. Here are some points in this regard: Along with identity verification and management, blockchain technology also has huge potential in terms of cross-border payments. Here is a closer look at the same below. Blockchain for supply chain finance: Blockchain is also enhancing supply chain finance (SCF) methods. It is lowering the transaction times and streamlining the processes. Here are some other benefits that should be kept in mind: The trading and payments landscape may be considerably redefined by blockchain technology in the future. The best part is that it also enables sensitive data protection while streamlining operations alongside.  Blockchain for cross-border payments: Cross-border payments are vital for businesses, individuals, institutions, traders, and other global organisations. The usage of blockchain is what makes the entire procedure hassle-free. Hence, individuals and companies are leaning more towards blockchain for cross-border payments in recent times. This trend should only gain traction in the near future. Let us now look at the advantages of blockchain technology for supply chain finance. FAQs 1.What are the key advantages of using blockchain for securing sensitive data in financial services? Blockchain works on the premise of an immutable, decentralised, and shared ledger. It enhances security, trust, and transparency along with the traceability of all information and transactions throughout the network. Members can only access the ledger with permission, while nothing can be modified or altered. 2. Are there any specific use cases or success stories of blockchain securing sensitive financial data? There are several use cases that have been observed in recent times. Banks and other financial services players have been using blockchain technology to automatically time-stamp and store transaction records. It is also enabling easier tracking of data which is stored in immutable and unalterable ledgers. Hence, sensitive data is being stored and tracked in real-time without any hassles. 3. What measures are in place to protect sensitive financial information from insider threats in blockchain-based systems? Some of the key measures include cryptography, consensus, and decentralisation. Additionally, the blocks are linked and structured in a manner where tampering is near-impossible. The system uses the principle of trust that is consensus-based to prevent the insertion of changed/false records. Advanced encryption also enables enhanced data security in this case. 4. How does blockchain empower financial services to comply with data privacy regulations? Blockchain technology helps financial services players to adhere to data privacy regulations better. The immutable, consent-based, and decentralised ledger means that users are in control of their own data. They can only share it after providing consent. Participants collectively authenticate and maintain data with full access control via smart contracts. The whole system ensures higher transparency and authentication. Blockchain helps intellectual property owners to register trademarks, authenticate their ownership rights, combat counterfeiting, lease IPs with smart contracts, and also take care of their privacy. Blockchain can also facilitate autonomous and secure digital identities.

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Banking & Finance News Wrap

Banking & Finance News Wrap | Weekly Snippets

July 14, 2023

✅ AI and machine learning join forces with financial crime programs to take security to new heights. It’s time to stay one step ahead of fraudsters and safeguard your assets. https://www.securitymagazine.com/articles/99596-ai-and-machine-learning-have-been-added-to-financial-crime-programs ✅ Emirates NBD and Microsoft are reshaping the banking industry, making it more seamless, secure, and customer-centric with the use of new age tech. https://ibsintelligence.com/ibsi-news/group-chief-operating-officer-emirates-nbd/ ✅ Mastercard’s latest AI-powered fraud risk solution is teaming up with nine UK banks to stay one step ahead of fraudsters.  https://www.fintechfutures.com/2023/07/nine-uk-banks-tap-mastercard-ai-to-fight-payment-fraud/ ✅ Elon Musk takes us on a journey into the uncharted territories of artificial intelligence with his new AI startup. Led by a team of handpicked experts, Elon’s AI startup holds the potential to transform various industries.  https://finance.yahoo.com/news/elon-musk-unveils-ai-startup-211512549.html

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Insurance News Wrap

Insurance News Wrap | Weekly Snippets

July 14, 2023

✅ ZhongAn has unveiled its groundbreaking roadmap for AI and AIGC integration into the insurance industry that aims at enhancing efficiency, accuracy, and customer experience.https://technode.global/prnasia/zhongan-unveils-roadmap-for-ai-and-aigc-integration-into-insurance-sector-at-waic2023/ ✅ Trufla and Goose Digital are joining forces to drive digital innovation in the brokerage industry. This partnership will equip brokers with cutting-edge technology and strategic expertise.https://www.insurancebusinessmag.com/ca/news/technology/trufla-partners-with-goose-digital-to-drive-digital-transformation-for-brokers-452048.aspx ✅ Corvus Insurance has unlocked a new era of underwriting excellence. With advanced algorithms and predictive analytics, the tech is streamlining operations, reducing risks, and empowering insurers with invaluable insights.https://fintech.global/2023/06/30/corvus-insurance-unveils-ai-driven-automation-features-for-enhanced-underwriting-efficiency/ ✅ Sedgwick is driving innovation in the insurance industry. From smart technology to real-time data analysis, they’re staying at the forefront of industry trends to provide their end users with the best coverage and service.https://www.asiainsurancereview.com/Magazine/ReadMagazineArticle/aid/47056/Sedgwick-adapts-through-technology-driven-solutions-as-claims-process-goes-through-seismic-transformation

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LIFE SCIENCE & PHARMA NEWS WWRAP

Life Science & Pharma News Wrap | Weekly Snippets

July 14, 2023

✅ NanoTemper Technologies launches a Biotinylated Target Labeling Kit that aims at transforming the way scientists in the pharma landscape approach challenging drug targets.https://ow.ly/Bon150P5YtC ✅ Nvidia is driving advancements for a healthier future in the pharma and healthcare landscape with Generative AI. https://ow.ly/STL850P5YtJ ✅ MeitY-nasscom CoE is all set to host an exclusive forum on the transformative power of AI in the healthcare domain.https://ow.ly/fmBH50P5YtE ✅ Scientists have developed an advanced genetic technology to combat malaria-spreading mosquitoes. This advancement brings us one step closer to eliminating malaria and saving millions of lives worldwide.https://ow.ly/GC4Y50P5YtF

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Retail news wrap

Retail News Wrap | Weekly Snippets 

July 14, 2023

With AI-powered tools, Auchan Retail is bringing you a new level of convenience, personalisation, and efficiency as it launches an extraordinary smart store.https://lnkd.in/g3uiwEic ✅ Dollar General is stepping into the future of shopping with Amazon-style technology that allows customers to leave without checking out. https://lnkd.in/gj6itP4T ✅ VOSMOS empowers D2C brands to create immersive virtual stores that provide an engaging and personalised shopping experience.https://lnkd.in/gitvdcfV ✅ Jane Technologies’ innovative platform is set to transform the way cannabis dispensaries operate, making transactions scalable, seamless and efficient.https://lnkd.in/dTS3_EZc

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Breaking Boundaries: When Blockchain Meets Artificial Intelligence

July 14, 2023

Both artificial intelligence and blockchain are arguably the biggest game-changers in the cutting-edge technology space today. And what happens when they both combine? Something on the lines of next-generation synergy is created. This magical blockchain-AI integration has several possibilities for path-breaking development in the future. Here are a few aspects that deserve your attention in this context.  What is the impact of blockchain and artificial intelligence? To gauge the impact of blockchain-AI integration would be a tough task, since as mentioned, it offers near-infinite possibilities for the world to leverage. Yet, a few things can be clearly identified in this regard:  AI and blockchain also have the potential to deliver great results for businesses in several sectors, including the following:   AI for Supply Chain Management The next-generation synergy achieved through the combination of AI and blockchain will generate immense value for businesses and stakeholders throughout industries. From optimised supply chains to better productivity throughout industries like life sciences, healthcare, and financial services, the advantages are innumerable, to say the least. Blockchain for Smart Contracts Here are a few points that you may consider in this regard:  For instance, IBM and Sonoco are collaborating to fix issues in the transportation of life-saving medication through enhancing the transparency of the supply chain. Pharma Portal is a dedicated platform that is powered by IBM Blockchain Transparent Supply. This monitors pharmaceuticals that are temperature-controlled across the supply chain for enabling reliable, trusted, and accurate data throughout several parties. In another example, Home Depot makes use of smart contracts on the blockchain for swift dispute resolution with its vendors. AI is also playing a crucial role in enabling superior supply chain management. FAQs 1.How can blockchain enhance the transparency, security, and trustworthiness of AI-powered systems and applications? Blockchain uses distributed ledger technology and is based on principles like consensus, decentralisation, and cryptography. This ensures higher transaction security, trust, and transparency. AI governance can easily verify, record, and audit data and decisions within this spectrum.  2. What are some real-world use cases where the convergence of blockchain and AI has led to significant advancements? There are several use cases in the real world where AI and blockchain have combined for multiple benefits. For instance, Home Depot is already using blockchain smart contracts for resolving disputes with its vendors. AI is also being leveraged for verification and insights in this case.  3. What are the potential challenges and obstacles in implementing blockchain and AI together, and how can they be overcome? Some of the major challenges include the need for more bandwidth and specialised technological/hardware capabilities. Others include integration with existing systems, technological expertise, data quality, and privacy guidelines.  4. How does the convergence of blockchain and AI foster innovation and drive new opportunities for startups and businesses? The fusion of AI and blockchain in innovative ways automatically help businesses and start-ups seize new opportunities. This enables the creation of highly efficient, secure, and transparent data management and exchange frameworks. Intelligent and automated decision-making systems can be leveraged for reliable and accurate results/outputs, triggering particular real-world outcomes. Data will always be tamper-proof and immutable while AI-based insights and automation will ensure higher productivity and lower costs at almost all levels. For instance, blockchain will ensure that you have tamper-proof and accurate data, which AI can analyse to unearth invaluable insights for businesses. 

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