Showing posts with label Sujeet Katiyar. Show all posts
Showing posts with label Sujeet Katiyar. Show all posts

Wednesday, 27 May 2015

Technology & Medicine

The most significant announcement that Apple made in 2014 wasn’t a larger-sized iPhone. It was that Apple is entering the health-care industry. With HealthKit, it is building an iTunes-like platform for health; Apple Watch is its first medical device. Apple is, however, two steps behind Google, IBM, and hundreds of startups. They realized much earlier that medicine is becoming an information technology and that the trillion-dollar health-care market is ripe for disruption.



2015 will be the year in which tech takes baby steps in transforming medicine. The technologies that make this possible are advancing at exponential rates; their power and performance are increasing dramatically even as their prices fall and footprints shrink. The big leaps will start to happen at around the end of this decade.


The health devices that companies such as Apple, Microsoft, and Samsung are developing are based on MEMS sensors, which are one of the exponential technologies. These enable the measurement of things such as heart rate, temperature, blood pressure, and activity levels and can feed data into cloud-based platforms such as HealthKit. They will be packaged in watches, Band-Aids, clothing—and contact lenses. Yes, Google announced in January that it is developing a contact lens that can measure glucose levels in a person’s tears and transmit these data via an antenna thinner than a human hair. In July, it said that it was licensing the technology to Novartis, enabling it to market it to people with diabetes. We will soon have sensors that monitor almost every aspect of our body’s functioning, inside and out.


Advances in Microfluidics are making possible the types of comprehensive, inexpensive diagnostics that in a single drop of blood, it can test for things such as cancer, cholesterol, and cocaine. Newer technologies coming from Nano biophysics like Gene-Radar, a portable nanotechnology platform that uses biological nanomachines to rapidly and accurately detect the genetic fingerprints of organisms. It will enable the detection of diseases such as HIV and Ebola and deliver the results to a mobile device within minutes—for a hundredth of the cost of conventional tests. By combining these data with EMR (Electronic Medical Records) and the activity and lifestyle information that our smartphones observe, Artificial Intelligence-based systems will monitor us on a 24 x 7 basis. They will warn us when we are about to get sick and advise us on what medications we should take and how we should improve our lifestyle and habits. 


With the added sensors and the apps that tech companies will build, our smartphone will become a medical device akin to the Star Trek tricorder. With health data from millions of patients, technology companies will be able to take on and transform the pharmaceutical industry—which works on limited clinical-trial data and sometimes chooses to ignore information that does not suit it. These data can be used to accurately analyze what medications patients have taken, to determine which of them truly had a positive effect; which simply created adverse reactions and new ailments; and which did both.


And then there is the genomics revolution. The cost of sequencing a human genome has fallen from $100 million in 2001 to about $1000 today and will likely cost as much as a blood test by the end of this decade. What this means is that the bits and bytes that make up a human being have been deciphered; for all intents and purposes, we have become software.






2014 marked an inflection point in the technology curve for medicine. It isn’t yet clear which technology advances will indeed affect humanity and which will be nothing more than cool science experiments. What is clear is that we have entered an era of acceleration and that there is much promise and peril ahead.

Friday, 15 August 2014

Google: Few Interesting Facts



India Independence Day 2014
  • Google takes over 200 factors into account before delivering you the best results to any query in a fraction of a second.
  • The company owns a bunch of domains that are common misspellings of Google, like Gooogle.com, Gogle.com, Googlr.com and more. Google also owns 466453.com too.
  • There are more than 2 million Google searches per second.
  • Google takes on moonshots projects that could change the world for millions of people. However, it also takes on important projects that only matter to a small number of people: In 2012, Google introduced the Cherokee language in Gmail.
  • Larry Page and Sergey Brin made the first Google Doodle in August 1998. They were heading to Burning Man in the Nevada desert, and wanted people to know where the Google crew would be for a few days, so they added the festival's logo.
  • Google's search index is more than 100 million gigabytes in size. It would take 100,000 one-terabyte personal drives to contain the same amount of data.
  • Google might be the only company with the explicit goal to reduce the amount of time people spend on its site.
  • Google has photographed more than 5 million miles of road for its Street View maps.
  • Google has acquired 24 companies this year alone — that's about three companies a month.
  • Over 6 billion hours of video are watched each month on YouTube — that's almost an hour for every person on Earth.

Monday, 14 April 2014

SMAC technologies in 2014 and beyond



The increasing pace of change is rapidly driving customer, businesses and technology firms in a tight embrace, with the convergence of disruptive technologies eroding the boundaries separating them. Businesses are becoming more and more agile, and technologies such as social media, mobility, analytics and cloud computing are coming together to unleash unlimited opportunities for everyone involved. This convergence – also known as SMAC – will be the leading disruptor to the business-technology ecosystem over the next few years. 
SMAC

Social media
A social media strategy has become a must for all enterprises, be it banks, retailers or the government. With over one billion individuals logged on to various social networks, people are now using social media for advice on what products to buy, where to shop and even regarding what firms they want to work with. While most enterprises use social media for their customer service function only, many firms have now started using social media in tandem with their sales and marketing functions. This in turn enables firms to use data generated by the customers effectively to service their larger pools of customers.

Mobility
Mobile devices have changed the way people access digital content. Smartphones and tablets have brought rich, digital content to the fingertips of consumers. Mobile banking has emerged as one of the most innovative products in the financial services industry. Shoppers are increasingly using their mobile devices for everything from browsing to comparing to buying products. Governments are also reaching out to their citizens, using mobile devices as an efficient channel. Enterprises must also jump on to the mobility bandwagon, and ensure that their applications are mobile ready.

Analytics
Every year, companies and individuals generate billions of gigabytes of data. Data, which properly analyzed and used in time, can emerge as an unbeatable competitive advantage. Enterprises need to recognize the prospect analytics represents and should adapt their IT strategy to capture such opportunities’. Analytics can help retailers predict buying decisions of shoppers; it can help banks weed out fraudulent transactions; while governments can use analytics to provide services directly to their citizens. Predictive analytics has also been adopted across industries in various scenario building activities.

Cloud computing

The undeniable power of cloud computing to foster innovations and imprve productivity is now accepted by both IT vendors and their customers. While the financial services and government sectors are mostly moving to a private cloud model due to information security concerns, other industries like healthcare and retail have adopted public cloud. Moreover, their existing infrastructure has helped telecom players to emerge as providers of cloud computing, leading to erosion in boundaries between IT and telecom vendors.

Kevin Parikh Jan 14 Fig 1

Experts predict that the confluence of SMAC -- social media, mobility, analytics, and cloud computing -- will be a potent and leading business-technology enabler of the next decade. They agree that the SMAC ecosystem will have a huge rub-off on IT services. Gartner estimates that India-centric IT services vendors will witness an 8-10% annual revenue growth from SMAC. 

SMAC may provide the much-needed boost for India’s $108-billion IT sector, which has had a jagged growth in the last couple of years on account of global economic challenges, falling consumer spending, and a Eurozone crisis in their main markets. Industry body Nasscom foresees a 12-14% revenue growth in the ongoing fiscal year. The adoption of disruptive technologies could further impel client spending. 


Typical SMAC Stack

Tuesday, 11 March 2014

Beyond Cloud Computing & Mobile Apps: Big Tech Trends

Forget cloud computing and mobile applications — they're so 2010.

So what are the next “wow factor” tech trends, ideas and products that will rock the world of financial advisers and their clients in the not-so-distant future?


Chances are, they will en-compass the wizardry of “big data” algorithms, wearable tech for go-anywhere advisers, video-game-inspired business applications, deep content analysis by supercomputers such as IBM's Watson, and software that has an uncanny ability to read facial expressions and emotions.

In financial services, which was once a leader in technological change, the wow factor is now more likely to come from the consumer market, according to Neesha Hathi, senior vice president of Advisor Technology Solutions at The Charles Schwab Corp.

“Technology used to come through defense and the government to business, and then make its way down to consumers as the cost became more effective,” Ms. Hathi said. “But since the early 2000s, more often the new innovation is coming from the consumer side of the world. As soon as someone marketed the iPad to consumers, they said to themselves, "Wait, I can use this in my business.'”

In an effort to identify emerging technology that will likely have a profound affect on the delivery of financial advice in not-so-distinct future, InvestmentNews talked to some of the best and brightest minds in adviser technology. We compiled a list of five important technological trends that financial advisers cannot afford to ignore.

Ram Nagappan, chief information officer at Pershing, looked at our list and concluded that many of the technologies presented here will change advisers' lives sooner rather than later.

“We feel that the future is already here,” he said.

“We're looking at all these technologies to apply to advisers so we [can] deliver the best experience to them and the end investor.”

BIG DATA

Jeff Bezos, founder and chief executive of Amazon.com Inc., has made no secret of his ambition to collect as much data as possible on affluent consumers so that he can sell them not just books and other media but electronics, household appliances and even groceries.

Amazon's success serves as inspiration to tech teams in the financial services industry, which are studying how to use big-data analytics and statistical probability to better know their customers, including advisers and their clients.

Big data is so big that even the smartest of technophiles have a hard time managing it. This is because it encompasses a huge flow of information about customers, products and services that companies have been gathering for years.

Much of this information, whether collected from traditional or digital databases, has moved into the cloud and continues to grow exponentially.

“With the explosion of big data and analytics, how do you digest all that information?” said Victor Fetter, chief information officer at LPL Financial.

“We believe it's a gold mine — the challenge is that it's moving fast. You have to adapt and create new models,” Mr. Fetter said.

Patrick Yip, director of Advisory Technology Strategy at Pershing, said that one of the first times he truly appreciated how big data works was when he received a Google Now alert on his Android smartphone telling him that commuter traffic was getting heavy where he lived, so if he wanted to beat the rush, he should leave home right away.

“Context is something that knows you and your preferences and location, and then responds to it,” he said.

Pointing to Amazon, which uses big-data algorithms to recommend products based on something that a consumer has previously purchased, Mr. Yip said that Pershing is looking for similar apps that it can recommend to advisers.

SMART OFFICE

The integrated smart office may be more of a designer's dream than a reality.

But in just a few years, advisers can expect to work with wearable devices, office products and even furniture that use cloud technology and integrated software platforms to help facilitate conversations with clients, said Ed O'Brien, senior vice president of Fidelity Institutional's platform technology.

Technology will be less visible as computers disappear into user-friendly hardware, he said, noting that Fidelity has designed an “office of the future” prototype on its Smithfield, R.I., campus that shows registered investment advisers how they will use all that new technology to better engage with their clients.

“You won't see a lot of physical servers and technology infrastructure,” Mr. O'Brien said. “You'll instead see more-collaborative workspaces with lots of mobile technology and integrated technologies.”

Fidelity's office of the future includes a smart coffee table that lets clients sit in a casual office setting with advisers while browsing the web, sharing reports and benchmarking themselves against investment goals.

Tablet presentation-sharing technology, meanwhile, allows for collaborative review of quarterly reports and can be accessed remotely. And a cloud-based virtual desktop for RIAs lets advisers work from anywhere they have access to a web browser.

Improved video conferencing and better gadget management also will catch on in the smart office. For example, the Consumer Electronics Show in Las Vegas in January offered a glimpse of where video is headed, with a Sony projector that can turn an entire wall into a TV screen, and an Intel smart bowl that someday will charge gadgets simply thrown into it.


Wearable technology, too, is headed advisers' way, Ms. Hathi said.

She pointed to Google Glass, the Pebble smartwatch and the Fitbit activity tracker, saying that what seems like a fun gadget will become a valuable business tool.

“We are just now exploring how wearables will be used in wealth management,” Ms. Hathi said.

Fidelity was the first major brokerage firm to make a public foray into wearable technology six months ago when the Fidelity Labs research and development unit was granted early access to Google Glass and created a Glassware app that lets wearers focus their vision on a logo of a publicly traded company to generate a real-time market quote, according to analysts at online and mobile research firm Corporate Insight.

'GAMIFICATION'

Advisers take their work seriously, so the idea of bringing game dynamics into their practices to encourage desired client behavior can make them nervous. But consumer websites and online communities have been using game mechanics to motivate participation and loyalty for years.

Gail Graham, chief marketing officer at advisory firm United Capital Private Wealth Counseling, has used its Money Mind Analyzer to work with 45,000 clients and prospects since 2010.


Money Mind's web app is played as a question-and-answer game by couples to determine whether each partner is most driven by fear, happiness or a need to commit.

The game leads couples to United Capital's Honest Conversation advice program, which comprises about 10,000 retail households, Ms. Graham said.

More participants in the financial services industry are starting to venture into the new frontier of “gamification.”

Investing platform Kapitall Generation, for example, lures investors onto its platform by letting them play with a “fun and easy” $100,000 practice portfolio before trading for real.

In addition, game mechanics are being used by banks to draw in new digitally connected customers, according to Forrester Research Inc.

For example, PNC Bank's “Punch the Pig” game prompts customers to transfer money from their spending accounts to growth accounts.

Closer to the advisory world, custodians are leading the charge into gamification. For example, Pershing, at its annual Insite conference in June, used online game design to educate conference-goers about its NetX360 platform for advisers.

Also, Fidelity Labs has introduced a “Beat the Benchmark” experiment with online gaming in its office of the future's smart coffee table.

SUPERCOMPUTING

International Business Machines Corp.'s supercomputer, Watson, won “Jeopardy” in 2011 because it could sort and analyze vast amounts of data faster than its human competitors.

IBM is actively seeking to use Watson for industrial applications, and the supercomputer is moving into the realm of financial planning.

On a “Watson in finance” web page on its website, IBM states that Watson is being designed as “the ultimate financial services assistant,” capable of performing deep content analysis and evidence-based reasoning to help advisers make informed decisions about investments, trading patterns and risk management.

Jon Patullo, TD Ameritrade Institutional's managing director for technology product management, is positive about this development, saying that he can see the value in supercomputers sifting through massive amounts of data, such as prospectuses, to help drive efficiencies in advisers' practices.

As a further sign of the supercomputer's growth, IBM said Feb. 26 that its Watson Group had launched a global competition to encourage developers to create mobile consumer and business apps powered by Watson.

MIND READING

Mind reading used to be an illusion invented by magicians and tricksters, but in the future, advisers will be able to do some conjuring of their own with voice, mood and facial analytics.

Although mood and facial analytics haven't yet entered the financial services arena, Pershing is using voice analysis, a technology that is catching on at call centers. Customer calls to Pershing are analyzed for empathy expressed by company representatives, silent time on calls and behavioral cues when customers use phrases such as “I'm so frustrated” and “I can't believe this takes so long.”


Beyond voice, cloud-based emotion capture technology now under development uses computer vision to recognize viewers' emotional responses to products and services.

Is the client happy, sad or confused? The software reads pixellated facial features, assessing shapes to infer how a person is feeling.

Already, products such as Affectiva Inc.'s Affdex, Emotient.com, Face.com, Noldus Information Technology's FaceReader and Sightcorp, have arrived on the market to provide companies with consumer analytics based on age, gender, eye tracking, facial expressions, mood and attention level. For example, Sightcorp's webcam eye-tracking software lets companies detect where product users' attention is focused in a controlled lab setting.

Expect to see mood and facial analytics enter the advisory industry in the next five to 10 years, said Oleg Tishkevich, chief executive of financial planning platform Finance Logix.

He predicts that advisers will be able to scan emotional feedback and metrics on how clients are responding to investment proposals or opportunities.

“As the adviser speaks to clients either in real time or on video, the software will read facial expression as they talk about their financial plan, and see if they're happy or sad, and recognize what is and isn't interesting,” Mr. Tishkevich said. “Anything that has a camera, including Google Glass, can be used to read emotion.” 

Tuesday, 23 July 2013

Mobile Website vs. Native Apps

 A mobile website is similar to any other website in that it consists of browser-based HTML pages that are linked together and accessed over the Internet (for mobile typically WiFi or 3G or 4G networks). The obvious characteristic that distinguishes a mobile website from a standard website is the fact that it is designed for the smaller handheld display and touch-screen interface.

Think of your mobile website as an introduction of your business and brand to the customer and your mobile app as the ultimate engagement tool you can have with a customer. Mobile websites inform the audience and mobile apps create a lasting relationship.

Advantages of a Mobile Website vs. Native Apps

If your goals are primarily related to marketing or public communications, a mobile website is almost always going to make sense as a practical first step in your mobile outreach strategy. This is because a mobile website has a number of inherent advantages over apps, including broader accessibility, compatibility and cost-effectiveness.

Immediacy – Mobile Websites Are Instantly Available A mobile website is instantly accessible to users via a browser across a range of devices (iPhone, Android, BlackBerry, etc).  Apps on the other hand require the user to first download and install the app from an app marketplace before the content or application can be viewed - a significant barrier between initial engagement and action/conversion.

Compatibility – Mobile Websites are Compatible Across DevicesA single mobile website can reach users across many different types of mobile devices, whereas native apps require a separate version to be developed for each type of device. Furthermore, mobile website URLs are easily integrated within other mobile technologies such as SMS, QR codes and near field communication (NFC).

Upgradability – Mobile Websites Can Be Updated Instantly
A mobile website is much more dynamic than an app in terms of pure flexibility to update content. If you want to change the design or content of a mobile website you simply publish the edit once and the changes are immediately visible; updating an app on the other hand requires the updates to be pushed to users, which then must be downloaded in order to update the app on each type of device.

Findability – Mobile Websites Can be Found EasilyMobile websites are much easier for users to find because their pages can be displayed in search results and listed in industry-specific directories, making it easy for qualified visitors to find you. Most importantly, visitors to your regular website can be automatically sent to your mobile site when they are on a handheld (using device-detection).  In contrast, the visibility of apps are largely restricted to manufacturer app stores.

Shareability – Mobile Websites Can be Shared Easily by Publishers, and Between Users
Mobile website URLs are easily shared between users via a simple link (e.g. within an email or text message, Facebook or Twitter post). Publishers can easily direct users to a mobile website from a blog or website, or even in print. An app simply cannot be shared in this fashion.

Reach – Mobile Websites Have Broader ReachBecause a mobile website is accessible across platforms and can be easily shared among users, as well as search engines, it has far greater reach capability than a native app.

LifeCycle – Mobile Websites Can’t be DeletedThe average shelf-life of an app is pretty short, less than 30 days according to some research, so unless your app is something truly unique and/or useful (ideally, both), it’s questionable how long it will last on a user’s device. Mobile websites on the other hand are always available for users to return to them.

A Mobile Website Can be an App!Just like a standard website, mobile websites can be developed as database-driven web applications that act very much like native apps. A mobile web application can be a practical alternative to native app development.

Time and Cost - Mobile Websites are Easier and Less Expensive Last but certainly not least, mobile website development is considerably more time and cost-effective than development of a native app, especially if you need to have a presence on different platforms (requiring development of multiple apps).

Support and SustainabilityThe investment considerations of app vs website don’t end with the initial launch; properly supporting and developing an app (upgrades, testing, compatibility issues and ongoing development) is more much more expensive and involved than supporting a website over time.

When Does an App Make Sense?
Despite the many inherent benefits of the mobile web, apps are still very popular, and there are a number of specific use scenarios where an app will be your best choice.  Generally speaking, if you need one of the following, an app makes sense:

Interactivity/Gaming – for interactive games (think Angry Birds) an app is almost always going to be your best choice, at least for the foreseeable future.

Regular Usage/Personalization – If your target users are going to be using your app in a personalized fashion on a regular basis (think EverNote) then an app provides a great way to do that.

Complex Calculations or Reporting – If you need something that will take data and allow you to manipulate it with complex calculations, charts or reports (think banking or investment) an app will help you do that very effectively.

Native Functionality or Processing Required - mobile web browsers are getting increasingly good at accessing certain mobile-specific functions such as click-to-call, SMS and GPS. However, if you need to access a user's camera or processing power an app will still do that much more effectivley.
No connection Required – If you need to provide offline access to content or perform functions without a network/wireless connection then an app makes sense.

 

Tuesday, 16 July 2013

Augmented Reality in Nutshell

What is it?
The goal of augmented reality is to add information and meaning to a real object or place. Unlike virtual reality, augmented reality does not create a simulation of reality. Instead, it takes a real object or space as the foundation and incorporates technologies that add contextual data to deepen a person’s understanding of the subject. For example, by superimposing imaging data from an MRI onto a patient’s body, augmented reality can help a surgeon pinpoint a tumor that is to be removed. In this case, the technology used might include headgear worn by the surgeon combined with a computer interface that maps data to the person lying on the operating table. In other cases, augmented reality might add audio commentary, location data, historical context, or other forms of content that can make a user’s experience of a thing or a place more meaningful.

Who’s doing it?
Augmented reality has been put to use in a number of fields, including medical imaging, where doctors can access data about patients; aviation, where tools show pilots important data about the landscape they are viewing; training, in which technology provides students or technicians with necessary data about specific objects they are working with; and in museums, where artefacts' can be tagged with information such as the artefact's historical context or where it was discovered. Within the academy, educators are beginning to provide students with deeper, more meaningful experiences by linking educational content with specific places and objects. In many disciplines, field trips are part of the course; by supplementing these explorations with mobile technologies and data-collection devices (including digital cameras), the lessons can be extended beyond the field trip. In some cases, augmented reality technologies have been integrated into educational games. In MIT’s Environmental Detectives, for example, students learn about environmental sciences and ecosystems by finding clues and solving a mystery on the MIT campus using PDAs fitted with GPS devices.

How does it work?
A range of technologies can be used for augmented reality. Many augmented reality projects use headgear or a similar device that projects data into the user’s field of vision, corresponding with a real object or space the user is observing. In the case of a technical course on PC maintenance, for example, augmented reality might overlay a schematic diagram onto the inside of a computer, allowing students to identify the various components and access technical specifications about them. PDAs or other portable devices can use GPS data to provide users with context— including visual, audio, or text-based data—about real objects or places. Augmented reality is not merely a companion text or multimedia file but a technology designed to “see” a real object or place and provide the user with appropriate information at the right time. Augmented reality is designed to blur the line between the reality the user is experiencing and the content provided by technology.

Why is it significant?
Because every object or place has a history and a context, making that content available to individuals interacting with those places or things provides a richer experience. To the extent that instructors can furnish students with a broad context for understanding the real world, students are more likely to comprehend what they are learning and to remember it later. Information can also come from students themselves. Students in an archaeology class might use an augmented reality system to capture their thoughts or impressions when working with artefacts. That content can then be made available to others during subsequent lab sessions, allowing them to have a deeper understanding of the subject matter and a richer learning experience. Augmented reality might also make higher education and specialized content more accessible to the general public, transporting lessons from the campus to the community.

What are the downsides?
Many augmented reality projects rely on specific or customized hardware, and the mechanisms that correlate data added by technology with the real world are often technically complex. Despite falling costs for hardware overall, augmented reality projects can be expensive to develop and maintain. Today’s augmented reality projects typically focus on individual users and may not lend themselves to team activities or group learning. In addition, augmented reality projects may resemble entertainment, raising questions about their pedagogical value. Educators must be careful to ensure that activities have educational merit and that students do not become infatuated with the technology alone.

Where is it going? 
Computing devices, especially wireless ones, are becoming more powerful and increasingly widespread. At the same time, costs for these devices are falling. As computing hardware—both wired and wireless—approaches ubiquity, new opportunities emerge to use technology to enrich individuals’ experiences of objects and places. Because all areas of academic inquiry benefit from background and context, augmented reality has the possibility of enhancing education across the curriculum. By exposing students to an experiential, explorative, and authentic model of learning early in their higher education careers, augmented reality has the potential to help shift modes of learning from students’ simply being recipients of content to their taking an active role in gathering and processing information, thereby creating knowledge.

What are the implications for teaching and learning?
Augmented reality is one way to bring experiential and location based learning to students by supplementing existing worlds rather than creating new ones. Augmented reality installations can be built to take advantage of existing or low-cost infrastructure. The use of nearly ubiquitous devices such as cell phones may permit rapid experimentation and evolution of augmented reality applications. By combining technology familiar to students with locations that students see as their own, augmented reality has the potential
to move learning out of the classrooms and into the spaces where students live. Encouraging informal learning that is easily accessible may prove particularly effective in engaging students, extending learning to spaces that might help them form connections with content, the locations that provide the context for it, and the peers that they share it with.

Friday, 31 May 2013

eCommerce Web Portal: Easy & Effective ways to improve User Experience

One of the easiest ways to improve the sales on an ecommerce website is to consistently improve the user experience of the online store. While many online stores try to compete on price, it is always more profitable to compete in user experience and win customer loyalty with an effective website.
The following results from a survey show the major reasons why customers do not complete their purchase from an ecommerce portal.

The following tips will help you develop a better user experience for your customers:

1. Website Performance
Performance of a website is crucial to retain a customer’s interest and his business. E-Commerce websites regularly fall prey to heavy websites which take long to load due to elements like JavaScript, images and other content. While it is recommended to keep website load time as low as possible, 1-2.5 second load times are considered acceptable for most visitors.

2. Consistent Branding
A consistent usage of branding elements conveys professionalism to a prospective customer. This is similar to running an offline store; you do not want your customer to feel that they are in a different shop every time they move from one floor to another. This means that your brand identity elements like logos, colors, etc. are consistent within the website and across all communication channels like email, social media and advertisements online and offline.

3. Simplified Checkout
While many strategists convince clients to simplify their checkout process to as few steps as possible, it is a delicate balance. Asking for too much information during checkout can annoy a customer, but asking for too little information can also make the customer feel that they have lost control of their shopping.
A big no-no in the checkout process is hidden charges. Customers expect to see what they are paying for in total, so, all costs including shipping & handling, taxes, etc should be conveyed before the final checkout.

4. Community Building
Product reviews build trust for an ecommerce website and increase interaction amongst customers. Reading reviews, good or bad about a particular product on an ecommerce store lets a customer take informed decisions on their purchase. E-Commerce giants like Amazon incentivize their customers to share their feedback with others with gamification of the process.

5. Search and Filter Options
The search and filter options are perhaps one of the most used functionalities of an ecommerce website, but are usually overlooked. Functionalities like auto-fill, product “quick view”, and checkbox based real time filters help customers find what they are looking for much faster than through conventional navigation menus.

6. Related Products
Related products on a product page engages customer to further browse your catalog and find what they are interested in. Having a related products module has been proven to reduce bounce rates on an ecommerce website.

7. Shipping Price and Return Policy
Upfront clarity on shipping prices and return policies increase the confidence of a customer. It empowers the visitor and assures them of the process that will be followed if they are not satisfied with their purchase. Clarity on shipping rates will reduce surprises in the check out process.

8. Security
More than 55% of customers believe that the lack of security or the perceived lack of it will influence their shopping behavior. A privacy policy link hidden in the footer of your website might not be the best way to convince these shoppers. Prominently feature your secure shopping credentials and hacker proof badges to convince customers that their payment information and personal data will not be compromised.

9. Social Media
It is not possible to discuss user experience without touching on the topic of social media. Social Media is the new internet; and to be profitable in this new media, companies should become more social. An overwhelming 83% of online shoppers believe that companies should not only have a social media presence, but should engage on these social platforms. Some immediate activities companies can do on social include
  • Give customers the option to share products on social media platforms
  • Provide a social shopping experience by connecting with social networks like Facebook providing insights into the products in a users’ immediate social circle.
  • Engage with followers in your social media channels through contests, rewards and coupon codes.
10. Support and Contact Info
Customers do not pick up the phone to contact their favourite ecommerce store! It is important to prominently display contact options on your website. Real time chats, support tickets and email addresses along with social media are the most popular ways online stores enhance their user experience.

Conclusion
Improving the user experience cannot be done using checklists. Some of the general points mentioned above work in a majority of situations, but there are solutions that are unique to your website which can be only discovered by a UX consultant and the path to the perfect user experience requires constant tweaking.
 
For more information:

Monday, 13 May 2013

Excellent Article for Entrepreneurs - It is Spot on!

5 Things Founders Don't Talk About
5

(Photo credit: Wikipedia)

Last week I had a dozen business founders over for beer and pizza to catch up and talk shop. It’s one of my favorite things to do, because I think when you get a group of fellow founders in a room together, there’s instant fraternity among them. People let their guards down. When surrounded by peers, Founders talk about things that no one else can appreciate or understand.

After enough vodka gimlets, the conversation gets very, very honest.

Some of the founders present had already grown and sold companies, while others had just gotten started. Despite the wide spectrum of business stages, the sentiments shared were universal — no matter what industries their businesses were in, or how much they had accomplished.

Being a Founder Is Lonely

You don’t hear this a lot publicly, but man, being a founder is a lonely affair. By definition, you don’t have a lot of peers. When people at your company go to lunch, they have a common theme — they can complain about management. But you are management. You can’t go to lunch and complain to anyone.

If you’re lucky, you have a spouse that truly understands what you do and can be someone you confide in. Few people are that lucky. This leaves most founders with no one to talk to at work and on one to confide in at home. Considering the incredible degree of personal emotion invested into a startup, it’s very difficult to be isolated when dealing with those emotions. Not an awesome feeling.

Being a Founder Is Riddled With Doubt

There are generally two types of founders — those who have no idea if things are going to work out, and those that are lying about it. None of us has a crystal ball. We have no idea whether or not what we’re doing is going to work. That’s part of being a startup founder.  But to the outside world, you need to project 100 percent confidence in your approach.

Building on a foundation riddled with doubt creates an anxiety funhouse of emotions.  There are only hints of positive progress, like signing up a new customer or launching a product. Beyond that, it’s just a constant stream of problems and challenges that rarely come with a prescription for fixing them. It’s incredibly draining and wears heavily on you.

Being a Founder Bankrupts You

On top of the emotional roller coaster comes an absolute torrent of debt and financial stress. Founders are the last to get paid, and by the time the company ever makes it to a point where it can start paying the founder, it’s typically at a cost of that can almost never be repaid.

You hear about founders cashing out for millions, an end that clearly justifies the means to get there. But what about the period in between? What does it mean to invest everything into a company and have no idea if it will ever come back? What does it mean to not be able to plan on ever having income, but knowing that you have serious looming expenses? It’s brutal.

These aren’t problems people like to share, but they exist. And they suck. Very few people will ever have a big payday, and even when they do, its comes long after you’ve already lost everything you had. People with steady paychecks would think that’s an insane path, and they would be right.

Failure Haunts You

The overarching theme to everyone’s story was that of pending failure. I think we tend to downplay the failure of a startup because “it happens all the time.” But so do car accidents — they just happen to be visibly damaging, and harder to minimize.

The problem with failure isn’t the failing itself, it’s the shroud of anxiety that precedes it.  It’s a constant reminder that you may have made a mistake, lost money, wasted time, and ruined your reputation. It haunts you endlessly, and it rarely stops when you have a breakthrough moment.

It Can Feel Inescapable

When things are going well, it’s great to be the founder. But when the ship is sinking, the captain has to go down with it. And that fact isn’t lost on any founder.

You don’t hear about too many startups where the founder leaves to get another job while the rest of the company sticks around to see if they will ever make it. Well, maybe in a venture-backed startup with lots of cash left over, but there aren’t  many of those out there.

More likely, if everything goes south, the founder will be the one left holding down the fort while everyone else flees. Employees can get other jobs, probably with better pay. But the founder’s name is on the office lease with three years left to go and zero revenue. Knowing you have set ties that cannot easily be broken weighs on you constantly.

These Conversations Need to Happen

As a group of founders, it’s always easier to talk about popular topics like customer acquisition or business development deals. It’s harder to talk about personal feelings, especially when they relate to failing.

But those personal feelings in many ways are the cornerstone of running a startup. We don’t struggle with technical problems, we struggle with emotional ones. And sometimes it just helps to know that we’re not the only people dealing with the anxiety of failure and doubt.

If that means taking more opportunities to combine good founders with a few delicious drinks, so be it.  These conversations need to happen.

Courtesy of YEC

Wil Schroter is a serial entrepreneur and fundraising veteran. At age 19 he started his first company, Blue Diesel, which merged with what is today inVentiv, a company that now generates over $1.8 billion per year in billings and has over 13,000 employees globally. Wil is currently the CEO and Co-Founder of Fundable, a crowdfunding platform for small businesses that allows them to raise capital online.

Saturday, 20 April 2013

10 cool things you can do with Google's Android

1. Wake up to news, updates and information... without even touching the device
One of the biggest appeals of Android is the use of off-screen hand gestures. Simply move your hand across the screen to perform tasks and dismiss notifications. Of course, the voice control is also incredibly useful and Senti Wayk helps put both of those to great use.
It acts as an alarm clock and lets you activate the snoose mode by either saying the word "snoose" or just waving your hand across the screen. Its biggest advantage is delivering reports as soon as you wake up, reading out weather reports, meetings and appointments you have planned and even news items from your RSS feeds.
If one ever needed a wireless personal assistant, this is it.

2. Automate everything at will
Another highly under-utilised feature of Android is the ability to automate and execute tasks when certain conditions are met.
Suppose you want your smartphone to text someone as soon as you reach a new area, or even play songs as soon as you plug in your headphones. How about cutting off Wi-Fi and 3G usage when data usage gets to a certain limit or when your battery runs out?
Android features a lot of these tasking abilities but the Tasker app perhaps exceeds them all. The sheer amount of customisation makes it so that you can do anything and everything automatically. And like a lot of useful functions with Android, it's free.

3. Control your PC using your smartphone
Most people who use a smartphone do so to access their mail and other documents. However, wouldn't it be great if you could access your computer itself?
Apps like Virtual Network Computing do this, allowing you to remotely connect to your system and view your entire desktop on your smartphone display. You can perform functions such as converting files, mailing and much more.
Another interesting app is VLC Direct Pro Free which stream media to your smartphone. You can use this to watch media from your PC on your smartphone. Imagine travelling to work and being able to watch a movie sitting on your PC via remote streaming.

4. Add contacts to your home screen
Some functions of Android are incredibly complex and powerful. This one is incredibly simple but under-stated in its importance. If you press and hold on an empty space on your Android smartphone's home screen, you'll get a pop-up menu.
From there, select "Shortcuts" and then "Contact".
From there, you scroll through your contacts and decide whom to add. For Jelly Bean, you need to press the Menu button, select Widgets (located in the top right corner) and then slide over one page to select Contact.
From there, you can choose the contact you wish to add a shortcut for.

5. Taking measurements using your smartphone
Suppose you don't have any measuring tape on you. Using Smart Measure Pro, you can convert your camera's lens into a highly accurate measuring device. It features a long range of measurements and conversions so you can properly discern things.
It may seem a bit confusing at first, since you need to aim at the ground rather than the object in question to measure. For example, when measuring the distance from someone, you need to take a picture of his or her feet. But it supports a range of features such as Portrait Mode, measuring width and area, and much more.

6. Gesture mode for visually impaired users
External apps are fun and all for utilising wave gestures. However, what if you're visually impaired and need to use the entire smartphone?
This is where Google's new Gesture Mode comes into play.
Available with Jelly Bean, Gesture Mode uses voice output, gestures and even inputs via Braille to help properly guide users through the interface. There is even output available via USB and Bluetooth devices.

7. The knowledge graph
Google pushed this new update through for PC-based search. Now, it's available on Android as well. When conducting searches on specific topics, such as people, places, books, movies and more, Google will look for data relevant to the search.
For example, Google a popular movie and you'll find information to the right of the screen which showcases a short summary, cast of characters -- along with the actors' real names -- and other movies people search for in the process.
It's great for finding something similar to your interests.

8. Access notifications and apps without unlocking your phone
Suppose you're in a hurry and don't want to needlessly unlock your phone.
From the lock screen itself you can slide from the top of the screen to the bottom. This will open the notifications tab and show you any new messages or updates you may have. If you press on a specific item, it will open that app right away. You can also customise your lock screen for numerous shortcuts to different apps.

9. Taking screenshots with the device
A long awaited feature for Jelly Bean has been the ability to take screenshots of whatever is happening on the home screen.
The shortcut for doing so is to hold the power button and volume down key. This will take a screenshot of whatever your home screen currently has displayed. You can then edit, crop and even share the photo among friends.

10. A softer night browsing experience
For those who use their smartphones in the dark, with no external background light, viewing text on screen can be a harsh experience for the eyes.
Google has introduced the means to invert colours on the browser for easier reading. Go to Settings and then Accessibility. Scroll down from there to find "Inverted Rendering". This transforms the browser to showcase white text on a black background.

Thursday, 11 April 2013

Work from Home: Ways to Ensure its Effectiveness

Marissa Mayer found herself at the center of a controversy when she issued a mandate that all Yahoo employees must work in one of the company's offices. Many people saw this as an indictment against the telework movement, which has become a mainstream option in recent years thanks to the explosive growth of mobile and cloud technologies that allows many professionals to work anyplace they have Internet access. As Yahoo played damage control about the decision, describing the decision as necessary for Yahoo's situation and not a value statement about remote workers, a picture began to emerge of wide scale corporate dysfunction.

As it turned out, Mayer made the decision because many Yahoo employees that were allowed to work from home simply weren't working -- and they weren't bothering to hide it. Mayer discovered the breadth of the situation by looking at VPN logs and discovering that remote workers weren't even connecting to Yahoo's corporate network. While the rest of world debated Mayer's decision, a number of Yahoo employees publicly praised the decision because they knew their colleagues were shirking their duties.

Mayer's decision may not have been a statement about the value or challenges of managing a remote workforce, but it definitely shows what can go wrong with a telework program and the drastic actions that it can take correct the situation. That brings up a big question for managers (and employees): What steps can you take to prevent your team, department, or company from developing a Yahoo-like dysfunction while embracing the flexibility and other advantages telework offers?

First and foremost -- telework isn't right for everyone. Understand that not everyone is well suited to working remotely and that some jobs don't lend themselves to a remote worker model. Depending on your business or department, the corporate culture, or even the type of work that you do may not be ideal for teleworking. An honest assessment of your organization's mission, the various teams and departments, individual employees and job roles is the first step in planning a successful telework experience. While management can do a good job in these assessments, employees themselves can offer invaluable insights in assessing themselves and their duties and should be part of the process.

Deny telework requests for business reasons only. If you need to deny telework (initially or after having previously approved it), you should be able articulate the business reasons for that decision. Personal preferences should not be a reason to deny telework options for individuals or teams.

Have clear goals. There are plenty of documented advantages to telework -- increased productivity, employee satisfaction, less downtime because of commuting, potentially easier access to clients or services, a lower carbon footprint, cost savings on office space, and a better overall attitude because people aren't fighting through traffic to get to the office. However, you should have a defined sense of what you want to a telework program to accomplish or how it will benefit your company. That knowledge helps you tailor the program to your needs, and to develop criteria and metrics for determining if the program is successful or how it may need to be tweaked.

Start with a pilot program. Shifting to a telework model is a major undertaking. As with many workplace and technology changes, you should test the waters before planning for a company-wide or departmental initiative. The pilot will let you test whether or not your presumed needs and support systems -- such as hardware, remote access technologies, and employee training -- are in fact effective enough.

Develop consistent policies for working remotely. These policies should include input from HR, legal, and even employee unions or bargaining units, all of which are major stakeholders shaping how and when employees work outside of the office. Be sure that the policies spell out employee and manager responsibilities, general expectations, and cost-sharing options that you may employ to compensate employees for establishing and managing a home office (wired or mobile Internet access, hardware, security and anti-malware software, mobile devices and service, or even space rental outside the home). Any employee requesting to work remotely should fully understand and agree to the terms and to any disciplinary actions if they fail to meet those requirements.

Provide training. Education and training is a big factor in successful telework programs. That education can be technical (how to use various devices and secure remote access technologies), it can focus on collaboration models for distributed workforces, it can cover workspace safety issues like ergonomic models to reduce repetitive stress injury, and it can tackle HR issues like feedback and conflict resolution. Any question that a manager or employee might have about the program or its policies should be communicated before the program ramps up.

Include in-office staff in policies and training. Setting guidelines about how in-office staff should interact with remote team members can help ensure smooth interactions and help resolve any ruffled feathers that in-office workers may feel about not being able to work remotely. Make sure division of labor is equitable regardless of who's in the office and who's working remotely to ensure a sense of fairness on both parties.

Create a criteria list of what remote employees need.  This could mean smartphones, personally owned computers, specific apps, VPN functionality, Internet access, a dedicated landline or VOIP line for phone and/or fax, and even hours that a remote worker is expected to be working or available. Then make sure that workers have these things already, or that the company can provide them.

Encourage employees working from home to set work/life boundaries. Establishing a real home office (ideally with a door that can be closed for quiet and so work is out of sight at the end of the day) is one of the most important boundaries to set. Also ensure workers understand that while telework does add flexibility and time with family, it shouldn't be a wholesale replacement for child care or elder care.

Redesign performance review processes. A big challenge in remote work programs is the lack of the day-to-day interaction and feedback that's common in an office. Even measuring engagement on a daily basis can be difficult. Often organizations need to create a new range of performance metrics to assess remote employees and may even need to create a different schedule for performance reviews to ensure issues don't fall through the cracks.

Face time is critical. It's important to keep human contact with remote workers. While planning a team meeting in which everyone attends physically may not be feasible, you should make efforts to get team members together when possible, be that at conferences, team or company retreats, or by invitation to social events. Even if those opportunities are infrequent, they help cement relationships and team dynamics in much the same way that seeing longtime friends and family members helps to strengthen bonds that are maintained mostly by email or Facebook.

Actively checking in is mandatory. Even if you can only check in by phone or video chat, ensuring that you do so on a regular basis is extremely important to keep team members motivated and feeling like they're part of a team. Many experts suggest checking in with each remote team member at least once a week. You can even promote deeper engagement by using social tools across a team, which can be something as simple as a web forum or wiki, mainstream media tools -- a Twitter list, Facebook group, Google+ circle -- or a full featured enterprise social platform.

Encourage long distance employees to make use of flexible offices or coworking spaces. Working solely from home can be isolating in a personal as well as a professional sense. Using flexible rented office space or coworking spaces can combat that isolation, offer a professional setting for meeting clients, and even expand networking opportunities. Likewise, you should try to keep some space in the office for remote employees to use on occasion -- after all telework isn't an all or nothing proposition.

Consider hiring or assigning a telework coordinator. Telework programs represent a unique mix of stakeholders -- IT, HR, corporate policy makers, finance, building or facilities management, managers, and the remote workers themselves. Assigning someone who can be an intermediary for all those stakeholders as well as a go-to person for resolving problems can keep a telework program running smoothly.

Provide forums for managers of teleworkers. Often times problems and opportunities associated with a remote workforce will impact multiple teams. Providing managers a forum -- be it an actual web forum, an email list, social platform, or regular meetings -- to discuss challenges and ideas and to learn from another can help avoid problems and capitalize on opportunities.

Review effectiveness of the telework program and related policies on a regular basis. A telework initiative is far from static. Changes in staff, corporate culture or policy, and technology will impact that the program in large and small ways. Reviewing its effectiveness, limitations, costs, and opportunities at least once a year can ensure ongoing success.

Address problems as soon as they're identified. It's virtually impossible for any business initiative to function without glitches or problems and a telework program is no exception. While all these tips can help you avoid problems, some issues may be unavoidable or beyond the scope of anything you could anticipate. Dealing with trouble immediately is always better than procrastinating and letting things fester, but it can be absolutely essential with a remote workforce. Being outside of the office and often working by themselves, remote workers don't see evidence of a problem being discussed or addressed in the way that employees in an office do. Not hearing the scuttlebutt or being able to vent frustrations with coworkers means that small issues can seem bigger than they are, and major issues can be easily overlooked -- both of which are recipes for disaster.