Robots & Robotics in Indian Banking sector

Robotics is coming in a full wave in India.
One industry where it has already started to show impact is Banking.

Below is a quick list of things/areas where Robots (can) help in Banking industry:
  1. Providing eKYC services at the branches
  2. Providing multilingual customer support to an increasingly migratory population
  3. Identifying the key demographics that comes to different branches and knowing real time what kind of services these segments look for.
  4. Providing product recommendations that is relevant for the customers
  5. Handling a lot of the paperwork with the robots [document signing, scanning and providing checklists for customers applying for loans etc]
  6. Moving around the documents and other things on the backend
  7. Handling basic transactions [such as passbook update and balance checking] in highly trafficked branches.
  8. Providing patrolling services and delivering security
  9. Authenticating customers coming for locker services and escorting them.
  10. Virtual and physical chatbots working closely to provide a seamless customer experience.



Source:
Above has been as-is copied from Balaji's answer on Quora

How Pulse became #1 candy in India

Pulse is a hard-boiled 'spicy-powder-filled' sweet-candy with a raw mango flavor priced at Rs1.

It comes from the stables of Dharampal Satpal Group, a Noida-headquartered conglomerate that also makes Paas Paas mouth freshener, Baba chewing tobacco, Rajnigandha paan masala.

It was launched in mid-2015 and has since notched sales of over Rs 100 crore. It crossed the Rs 50 crore mark within 6 months of its launch. It contributed 40% to the Group's revenue in the confectionery segment in the year gone by.

And We are discussing it because all this was achieved without any formal advertising push.

Its popularity has been attributed to its online-viral-phenomenon caused by its massive social media presence created by its eternally-satisfied customers:
Its users have created a lot of online-content on Quora, FB, Instagram, Youtube - praising/discussing the candy. This never happened with popular candies of earlier times like Poppins, Mango Bite, Phantom sweet cigarettes. In western markets, where internet penetration is deeper, many brands have created a loyal following and a recognizable identity by marketing intelligently on social media. As this industry report says, in the US, social media “now plays almost as large a role in purchasing decisions as TV, and 57 percent of consumers say they’re influenced to think more highly of business after seeing positive comments or praise online”.

But there is another theory that attributes its popularity to planned-&-clever-marketing:
"The candy is popular solely due to grocers who refuse to tend loose change. The candy shouldn’t have been this popular if it wasn’t forced on people through their purchases. Now, it has replaced chewing gum as the default thing people get when they want to have something in the mouth. The addiction people talk about is basically behaviour moulded through habits"
________________________________________

the Story of Pulse's launch

Pulse was launched to capitalise on the fastest growing HBC (Hard-Boiled Candy) segment in the confectionery basket. As per the market research and insight firm Nielsen India, while the overall sweet candy category, pegged at Rs 6,000 crore, is growing at 14 per cent year-on-year, the Rs 2,100 crore HBC segment is growing at 23 per cent. Kaccha Aam (26 per cent) and Mango flavour (24 per cent) together claim 50 per cent share in the HBC market. Raw mango was thus, the obvious choice. 

Pulse's makers also realised that there were only straight flavours such as mango, orange, caramel in the market. But in India, the common practice is to eat raw mango with something tangy - Whether it is 'aam panna' or a slice of raw mango sold on the roadside, it is incomplete without the tang/spices. That's how the group got the idea of a spicy-powder-filled candy.

It was named 'Pulse' because it sets your pulse racing.

The candy market had started shunning the Rs0.5 price point a couple of years ago with big players such as Mondelez, PVM (Perfetti Van Melle), Parle launching or re-launching their products at Re 1. High raw material costs, fewer 50 paise coins in circulation, and the demand for higher margins by retailers were some of the factors that propelled the wave. However at the time when Pulse was launched, 86% of the industry was at Rs0.5 for a candy weighing anywhere between 2-2.5 grams. The DS Group decided to go with Rs1 instead, and to justify the price, the weight was increased to 4 grams.

The experience life cycle of any other candy in the market, it is usually constant throughout. But, in Pulse, the experience of eating peaks later as you reach the powder filling. In order to give consumers a full mouth feel for a heightened experience, grammage was increased.

Raw mangoes are relished by people of all age groups and geographies in India, so there was no particular target group singled out for Pulse. The candy, with its tangy taste, was expected to cut across age groups in a market focussed on kids, and therefore, flooded with straight and sweet flavours.

Did the makers think of owning any particular consumption occasion? No. Pulse was ideated as an anytime, anywhere candy. India is a hot country where you need to keep having something to keep the saliva going. That's exactly the reason why candy sales are maximum in tropical areas. 

Since Rajasthani and Gujarati cuisines share a similar tanginess as Pulse, the company decided to test-market it in these states first. The exercise proved so successful that it had to be converted into a full-fledged launch.

Distribution was no challenge for the Group.

The challenge was to scale up production to meet the skyrocketing demand. By January, the brand managed a pan-India presence. Meanwhile, cheaper imitations such as 'Spicy Beats', 'Plse', and 'Plus' exploited the need gap. As of now, Pulse is produced in 7 contract-manufacturing units.

The unorganised candy market in India is big, and no brand has been able to break the tradition of flavour over brand, wherein customers ask for "orange, mango or mint wali" candy. Pulse has changed that. It has taken the category from impulse-driven to Pulse-driven. This is true of the pricing strategy as well. Looking at the success of Pulse, other players have started launching their 'gold versions' at Re 1.

A Pulse TVC



the Pulse candy


Sources:
Scroll.in/bulletins/48/how-indian-hospitals-are-innovating-to-improve-patient-satisfaction
Afaqs.com/news/story/47821_How-Pulse-candy-captured-the-market-The-Full-Story

How Xiaomi became India's top Smartphone Maker

Xiaomi is a 7yr old Chinese manufacturer who does NOT hold the TOP slot in China, but has become the Top Smartphone Maker of India.

India is currently world’s 2nd largest smartphone market.

In Q3-2017 the top 3 smartphones sold in India were Xiaomi's.

This is how they did it:

1. Excellent Online Marketing: [1] Initially sold only via e-commerce [2] Did successful Flash-Sales [3] exclusive partnership with e-com giant Flipkart [4] Initially single-mindedly mastered online retail (30% of India's smartphone sales) & satisfied online customers, then moved to offine retail

2. Optimized offline Supply-chain: [1] Instead of targetting all cities in one go, targetted few cities, captured them, then added new cities [2] In small cities started “Preferred Partner Programme” & tied-up with multi-brand outlets [3] In big cities, partnered with already-successful retail chains like Croma, Univercell, Poorvika, Sangeetha [4] Opened direct stores called 'Mi Home' [5] Made sure 'demand-vs-Supply gap' was minimal

3. Manufacturing intelligence: Unlike competitors that import devices, Xiaomi set up manufacturing facilities in India itself where it manufactures 75%+ of the handsets that it sells here

4. Mastered the Pricing & Products game: Captured the mid-price smartphone segment (Rs10k-20k) which is the fastest growing-smartphone-segment by launching phones with more & better features than its rivals’ products. This segment's initial owners (home-grown brands like Micromax, Intex, Lava, Karbon) failed to compete because they had already missed the 4G-VOLTE wave.

5. Latest Masterstroke: Launched '#DeshKaSmartphone' - an awesome phone at jaw-dropping price Rs6k with a Rs1k early-bird discount

Cogratulations to Manu sir and his entire Xiamoli India team.
I feel profoundly lucky to have worked with him at Jabong.


Dear readers, with the above post I complete my 1st Century on this blog. Also, this post was Selected by Quora for it's Quora Digest !!! Thank you so much :)
Read this answer on Quora here:


sources:
goo.gl/PQGmzv
goo.gl/TcTfsW
goo.gl/8WmhF7
youtube.com/watch?v=qj32mUx1on8
youtube.com/watch?v=XJqaaPvoTzE
youtube.com/watch?v=GXkO3Mb5G9E

Satya Nadella's letter to Microsoft employees after becoming the CEO

Satya Nadella was announced as the CEO of Microsoft on 2014 Feb 4th.
This is the 1st mail that he sent to all the Microsoft employees on that day.

From: Satya Nadella
To: All Employees
Date: Feb. 4, 2014
Subject: RE: Satya Nadella – Microsoft’s New CEO

Today is a very humbling day for me. It reminds me of my very first day at Microsoft, 22 years ago. Like you, I had a choice about where to come to work. I came here because I believed Microsoft was the best company in the world. I saw then how clearly we empower people to do magical things with our creations and ultimately make the world a better place. I knew there was no better company to join if I wanted to make a difference. This is the very same inspiration that continues to drive me today.

It is an incredible honor for me to lead and serve this great company of ours. Steve and Bill have taken it from an idea to one of the greatest and most universally admired companies in the world. I’ve been fortunate to work closely with both Bill and Steve in my different roles at Microsoft, and as I step in as CEO, I’ve asked Bill to devote additional time to the company, focused on technology and products. I’m also looking forward to working with John Thompson as our new Chairman of the Board.

While we have seen great success, we are hungry to do more. Our industry does not respect tradition — it only respects innovation. This is a critical time for the industry and for Microsoft. Make no mistake, we are headed for greater places — as technology evolves and we evolve with and ahead of it. Our job is to ensure that Microsoft thrives in a mobile and cloud-first world.
As we start a new phase of our journey together, I wanted to share some background on myself and what inspires and motivates me.

Who am I?
I am 46. I’ve been married for 22 years and we have 3 kids. And like anyone else, a lot of what I do and how I think has been shaped by my family and my overall life experiences. Many who know me say I am also defined by my curiosity and thirst for learning. I buy more books than I can finish. I sign up for more online courses than I can complete. I fundamentally believe that if you are not learning new things, you stop doing great and useful things. So family, curiosity and hunger for knowledge all define me.

Why am I here?
I am here for the same reason I think most people join Microsoft — to change the world through technology that empowers people to do amazing things. I know it can sound hyperbolic — and yet it’s true. We have done it, we’re doing it today, and we are the team that will do it again.
I believe over the next decade computing will become even more ubiquitous and intelligence will become ambient. The coevolution of software and new hardware form factors will intermediate and digitize — many of the things we do and experience in business, life and our world. This will be made possible by an ever-growing network of connected devices, incredible computing capacity from the cloud, insights from big data, and intelligence from machine learning.

This is a software-powered world.
It will better connect us to our friends and families and help us see, express, and share our world in ways never before possible. It will enable businesses to engage customers in more meaningful ways.
I am here because we have unparalleled capability to make an impact.

Why are we here?
In our early history, our mission was about the PC on every desk and home, a goal we have mostly achieved in the developed world. Today we’re focused on a broader range of devices. While the deal is not yet complete, we will welcome to our family Nokia devices and services and the new mobile capabilities they bring us.

As we look forward, we must zero in on what Microsoft can uniquely contribute to the world. The opportunity ahead will require us to reimagine a lot of what we have done in the past for a mobile and cloud-first world, and do new things.

We are the only ones who can harness the power of software and deliver it through devices and services that truly empower every individual and every organization. We are the only company with history and continued focus in building platforms and ecosystems that create broad opportunity.
Qi Lu captured it well in a recent meeting when he said that Microsoft uniquely empowers people to “do more.” This doesn’t mean that we need to do more things, but that the work we do empowers the world to do more of what they care about — get stuff done, have fun, communicate and accomplish great things. This is the core of who we are, and driving this core value in all that we do — be it the cloud or device experiences — is why we are here.

What do we do next?
To paraphrase a quote from Oscar Wilde — we need to believe in the impossible and remove the improbable.

This starts with clarity of purpose and sense of mission that will lead us to imagine the impossible and deliver it. We need to prioritize innovation that is centered on our core value of empowering users and organizations to “do more.” We have picked a set of high-value activities as part of our One Microsoft strategy. And with every service and device launch going forward we need to bring more innovation to bear around these scenarios.

Next, every one of us needs to do our best work, lead and help drive cultural change. We sometimes underestimate what we each can do to make things happen and overestimate what others need to do to move us forward. We must change this.

Finally, I truly believe that each of us must find meaning in our work. The best work happens when you know that it’s not just work, but something that will improve other people’s lives. This is the opportunity that drives each of us at this company.

Many companies aspire to change the world. But very few have all the elements required: talent, resources, and perseverance. Microsoft has proven that it has all three in abundance. And as the new CEO, I can’t ask for a better foundation.

Let’s build on this foundation together.

Satya

the Threatening Face of Artificial Intelligence (AI) - Lethal Autonomous Weapon System (LAWS)

Lethal Autonomous Weapons (LAWs) aka Lethal Autonomous Weapon Systems (LAWS) aka Lethal Autonomous Robots (LAR) aka Robotic Weapons aka Killer Robots aka Autonomous Anti-Personal Systems (APS) are AI, ML, NN powered Military Robots designed to select and attack military targets (people, installations) without intervention by a human operator.

Qualities / properties:
  1. Operate in the air/land/water/under-water/space.
  2. Their autonomy is currently restricted to a human giving the final command to attack.
  3. Obstacle avoidance
    1. Trained through the equivalent of millions of hours in varied simulated environments to avoid obstacles, even when they are in motion.
  4. Stochastic (Random) movements
    1. Trained on thousands of movies of mosquitoes and other flying insects
    2. Can defeat any attempt to anticipate their flight patterns
  5. Efficient (Precise targeting)
    1. Able to drive the size of a projectile and propellant to a bare minimum
  6. Facial recognition
    1. It’s in your iPhone, it’s in LAW, along with parallel networks
    2. Able to identify targets by gait, gender, uniform, even ethnicity
  7. Locate themselves in space
    1. Has multiple self-location protocols
    2. Uses GPS and other proprietary technologies 
  8.  EMP-radiation-hardened
    1. Radiation hardening is the act of making electronic components and systems resistant to damage or malfunctions caused by ionizing radiation (particle radiation and high-energy electromagnetic radiation), such as those encountered in outer space and high-altitude flight, around nuclear reactors and particle accelerators, or during nuclear accidents or nuclear warfare
    2. EMP = Electro-Magnetic-Pulse
  9. Incommunicado
    1. Once a LAW gets flying, there is no way to stop it electromagnetically by jamming, spoofing, zapping, or anything else.
  10. Big data links
    1. Works with/on a consolidated host of data sets
    2. Using these data-servers one can reliably tie individuals to their individual characteristics for later targeting
  11. Examples:
    1. The Stinger anti-Personnel System:
      1. First-of-its-kind
      2. mass-produced
      3. mini-weapon
      4. fully autonomous
      5. wide-field cameras
      6. tactical sensors
      7. facial recognition
      8. processors that can react 100 times faster than a human
      9. stochastic motion (an anti-sniper feature)
      10. inside it are 3-grams of shaped explosives that offer just enough power to penetrate the skull and kill the target with surgical precision
    2. Vanguard Delivery and Breaching System:
      1. can carry 18 Stingers
      2. it arrives at a building or some other enclosed space (car, train, plane, you name it), releases its cargo, attaches to the barrier, and blows a hole in the wall or window. The Stingers can then enter the building and find their targets.
      3. unstoppable once released
      4. to target terrorist cells, infiltrate enemy compounds
    3. The EyeFire Target Identification System
      1. used to target non-predetermined target (whose faces are known & so facial-recognition won't work) like:
        1. threatening underground movements
        2. secret terrorists cells
      2. has a big-data processing system that can scan billions of tweets, posts, pages, videos, and anything else you can find online to identify patterns indicative of terrorist activity. It then crawls that data to identify IP addresses and GPS locations to identify the suspect posting the dangerous messages
      3. can also track down who the suspect is collaborating with
    4. SoftTouch Bot
      1. size of a bee
      2. can fly anywhere, get inside any building, hide inside any vent
      3. strike while the target sleeps
      4. can be filled with a lethal dose of the poison of your choice, and the mark left on the body will be barely noticeable, looking like nothing more than a bug bite
      5. used to target people who're hard to get to and even if someone can get close enough for the kill, an obvious murder can lead to greater unrest
      6. can also be filled with a non-lethal formula designed to merely knock the target out for some specified period of time

Live DEMO of a Killer Drone

Future Group's CBO Devdutt Pattanaik explains how/why Indians do Business & Management & Leadership differently

Why are Indians so different from the rest of the World when it comes to doing Business or Management or Leadership or Governance?

Devdutt Pattanaik in the below Ted-talks explains what makes Indians the way they are. According to him, it is all deep-rooted in the centuries-old culture / mythology / value-system that the Indians belong to.

A MUST-Watch for every Indian Entrepreneur / Business-owner / Corporate-leader / Team-manager.

Indian approach to Business

East v/s West

Dr. Devdutt Pattanaik writes and lectures extensively on the relevance of mythology in matters related to leadership, entrepreneurship, branding, management, and governance.

He currently serves as CBO (Chief Belief Officer) of the Future Group & a story consultant to Star TV, and a leadership coach and inspirational speaker for many organizations besides Future Group.

Trained in medicine, he spent 15 years in healthcare and pharmaceutical industries including Apollo Health Street and Sanofi Aventis, before joining Ernst & Young as Business Advisor. All this while, he spent his spare time studying and writing sacred stories, analysing symbols and rituals and their impact on culture. His columns on management and culture that appear in the Economic Times are a hit with general and specialist readers. His show Business Sutra with CNBC-18 and Shastrarth with CNBC-awaaz are popular with viewers for their innovative approach and simplicity. He has written over 25 books for everyone from adults to children, to business executives.

Robin's founder & Flipkart's ex-CPO PunitSoni reveals Product Management secrets & plans

Greatest Tech Company ever built is going to be built in Healthcare. It is going to be bigger than Google, or Amazon, or Facebook. Numbers tell you that people around the world spend $3T on HC annually - That’s larger than e-commerce, social networking or search. The amount of data created, the amount of money spent, and the perpetuity in which money is spent make healthcare probably the richest space where the greatest company in technology can be built.

What problem are you really solving? For whom you are solving? Do you believe that you have a solution or at least a thesis for a solution that you can test and iterate on? Do you have problem statement that you are completely convinced about? Only if you have affirmative answers to these questions, then you have a shot at building something great (scaleable/sustainable/viable).

Once you have your problem statement & its planned solution in place, then you have to identify the vacuum in your skill set for that. That is the best way to decide what is to-be-done & so who can do it. That is the best strategy to hire.

Deploy your MVP, let your users use it, sit with them and listen to their feedback/queries - This is how you know what features will become part of your Mainstream Product.

Silicon valley gives you within a radius of 40 square miles the smartest people from every category in the world - and loads of them not just one or two. That’s something that will take some time to replicate anywhere, let alone India.

As a Product Head your job; apart from other know responsibilities; is to [1] be the voice of the consumer [2] bring in idealism to the table about the vision and what the organisation wants to build [3] being the glue to marry the sales and the design and the engineering with each other. [4] not do whatever the founder or the CEO tells you to do - you should have your very strong point of view and you are the one who is actually going to really figure out how to put everything together.

Above are the key takeaways from Punit Soni's latest Facebook Live AMA with Inc42.


Punit Soni, ex Chief Product Officer of Flipkart and current CEO of healthtech startup Robin, is an engineering graduate from NIT-Kurukshetra, with masters degree in Engineering from the University of Wyoming and an MBA from Wharton. He was working with Google before Flipkart roped him as the Product Head. At Flipkart, he helped build the largest marketplace in India and was instrumental in launching innovative mobile products like shopping messaging app Ping, Image search, Flipkart Lite and more. Punit left Flipkart to take a deep dive in the difficult yet vast healthtech space with his startup Robin where he intends to reinvent healthcare using ML (Machine learning), AI (Artificial Intelligence), and conversational voice.

This post reached ~0.15M views, 500+ likes, 25+ comments/replies, 20 shares/reshares on Linkedin. Click here to view the post. Thank you, Readers!!!


Source:
https://inc42.com/features/punit-soni-ama-healthtech-robin/

AI 'Mirai' & Robot 'Sophia' officially join Human society

AI & Robots are finally officially part of our human society.

Tokyo (Japan) just became the first city to officially grant residence to an AI (Artificial Intelligence) Shibuya Mirai which is just a Chatbot that exists only on the popular Line messaging app.

Recently The Kingdom of Saudi Arabia also granted Hanson Robotic’s Sophia (see video below) citizenship.



Source:
goo.gl/r9Km6R
goo.gl/zNZQ6d

Facebook #30 employee Noah Kagan reveals why he was Fired (which costed him $185M)

You WILL BE FIRED from your JOB if you DON'T DO these:
  1. Never leak any company's data/information outside.
  2. At office, put all of your energies only on office work.
  3. Never let your work quality dip/slip.
  4. Change, if your role or company's environment demands so.
Beware!!! This is NOT a JOKE or a PRANK!

Learn the above mentioned 4 points before it cost you something very important.

Noah Kagan is today the founder of a successful product marketing platform - SumoMe. But he could have been much more financially successful if he hadn't royally messed up.

Noah's Memoir

When Kagan was 24, he joined a 1-Year-old Facebook as its #30th employee.
This was his salary structure:
  • $60000 pa
  • 00.10% of FB shares (20k shares)
These 20k stock options would have converted to $185M when FB went IPO.

But 9 months after joining FB, he was fired.
In his book & in an ebook, he attibutes his firing to 4 mistakes that his did:

1. He leaked information to TechCrunch
While intoxicated at Coachella, Kagan told TechCrunch founder Michael Arrington about Facebook's plans to expand beyond college students to a professional social network for companies like Microsoft and Apple.
The news was supposed to come out in the morning, but Arrington wrote about it that night after his conversation with Kagan.
A few weeks later, Kagan was fired.

2. He was arrogant and tried to use his role at Facebook to make a name for himself.
Kagan used to host startup gatherings at Facebook's headquarters because he enjoyed showing off where he worked.
Kagan frequently wrote blog posts on his personal site OKDork.com about Facebook's business.
It got to the point where Mark Zuckerberg pulled Kagan off to the side and asked him to choose between himself and Facebook.

3. His work slipped.
Kagan was working with Facebook's co-founder Dustin Moskovitz on deciding which companies were going to be able to join our professional network.
He searched Google for a list of companies.
After a week of pulling together names it was a smorgasbord of random companies with no rhyme or reason to the order of them & presented this list to Dustin.
Dustin was disappointed, & ran some database queries, & aggregated companies based on the company domains FB already had registered on the site, & added to the waitlist for people who couldn't join yet.

4. He wasn't able to keep up with Facebook's growth.
When Kagan joined Facebook, there were only 30 employees and a few million users.
When he was fired, FB had 100+ employees and it was maturing into a corporation where things moved a little slower and there were more people to manage.
Rather than changing his work style to match the changing company culture, Kagan resisted.
When it was chaotic and things needed to get done Kagan was one of the best people in the company but he struggled with projects that dealt with multiple people, organizing a few months build schedule and dealing with politics.


Source:
Businessinsider.in/How-An-Early-Facebook-Employee-Messed-Up-Got-Fired-And-Cost-Himself-185-Million/articleshow/39832407.cms

every 'Product Manager' & 'Entrepreneur' should first become 'Problem Sherlock'

1 question that all Wantrepreneurs, Product Managers/Owners, & budding Entrepreneurs often have/ask is:
Are there still more new ideas like Facebook, Google, Uber, Amazon, Airbnb, eBay, etc.?

The answer is 'Yes'a mammoth YES!!!

An idea is nothing but a Problem-solving-Product (notice the fact that 'Problem' comes before 'Product').

And the good news is that there are; and always will-be; trillions of problems waiting to be solved.

Though almost all problems look trivial/silly in the eyes of a normal person, they have the pottential to be turned into the next Facebook, Google, Uber, Amazon, Airbnb, eBay, etc.

To give you a bit perspective on what I just said, consider this:
  1. In 2004, if you asked any normal person about having a site to connect to friends and post photos, they might have been quite unexcited about the idea.
  2. In 1998, if you asked any normal person what would be the value of a company that does only search, they might have said a max of $1M - As a matter of fact, the Google founders themselves were willing to sell for such a small amount.
Point is, no company at the start ever looks like Google/Facebook/etc. in their present corporate form.

So what should be your steps towards building a Product?
  1. Be a 'Problem Sherlock' - Keep looking for problems waiting to be solved - Lets say, if you are starting a healthcare startup, you should spend 4-6 months in a large scale healthcare system. Shadow doctors each day. Have lunch with the nurses. Go for drinks with the CMOs and CIOs. Basically breathe and live the life of a healthcare system from a patient perspective, from a doctor’s perspective, and from an administrator’s perspective. And when you do all of that, you start seeing the problems in the system.
  2. Make a list of problems that you want to attack - Pick up the problem that some business needs or where someone would pay you money - This is your 'the Problem'.
  3. Don’t worry too much about how big that problem is.
  4. Don’t worry too much about how big the market is.
  5. Nobody - none of the investors or experts - ever had a clue of how big Microsoft, Apple, Google or Amazon was going to become.
  6. Avoid the need to go to an investor.
  7. Come up with solutions for it.
  8. Talk to your users/consumers to know if what you think/theorize will work.
  9. Build a Product around the solution.
  10. As you get sustainable, you will find a way to build a much bigger idea and get clarity on the market.

Summary is:
As a Product Owner or Entrepreneur it is your duty to unearth, find, discover, decode, understand a good problem and then work on solutioning it to ultimately build a product that can generate money for you.
The 'Problem' is the key/starting Point and you need to ensure that you make it not just right but also Perfect.
So, be a 'Problem Sherlock' and go search your 'the Problem'...


The word 'Problem Sherlock' is a copyrighted © property of the Owner of this blog.
Reproduction in any form or medium without the written permission of the owner is strictly prohibited by law.



Source:
Mostly copied from Balaji's answer on Quora
inc42.com/features/punit-soni-ama-healthtech-robin/

Economics of Indian High-Speed-Rail Bullet-Train on Mumbai-Ahmedabad route

On 2017-Sep-14 Indian Prime Minister Sh. Narendra Modi and his Japanese counterpart Shinzo Abe laid the foundation stone for India's first ₹ 100 Thousand Crore (₹ 1 Lac Crore) HSR (High-Speed Rail) aka Bullet Train (between Mumbai and Ahmedabad) 500Km project implemented with 90% financial support (50 Year loan @ 00.10% interest) and technology from Japan.

the ceremony

Just by reading '₹100kCr' & '90% loan' 3 questions immediately pop up in everyone's mind. Let's see these questions & try to answer the same...

Question 1
Why is it so expensive?

The cost of 200Km Mumbai Metro project is almost exactly same. But the question is why is the cost so high? This is because the following are highly expensive:
  1. Land acquisition in cities
  2. Building elevated tracks
  3. Building undersea tunnels
  4. Labour costs in cities
  5. Cost of regulations in cities
  6. New safety features (no level crossings, barriers to stop cows/humans from entering the tracks) & better Signalling
  7. New technology
Why not cut cost by using the existing tracks?
Why build new elevated tracks & undersea tunnels?

Because:
  1. Our existing railway lines are choked.
  2. Over the past 20 years, number of our trains increased drastically and have strained our tracks.
  3. Many of our lines are operating over 100% of their destined load & capacity and these are the lines where most accidents happen.
  4. When trains keep running without gap, gov gets lesser time to maintain tracks.
So, we need to add new lines, add new security features.

Why not fly airplanes on this route?

Because:

  1. Flying everyday is a pain. Let’s say you are flying Mumbai to Ahmedabad. It takes 1.5 hours from the city to travel to the airport. Another 1.5 hours to check-in bags and security check. Another 2 hours to pick up the bags, take the taxi to get to the city. 5 hours. The bullet train will do the same trip in 2 hours.
  2. You can call/browse while traveling in a train.
  3. There is no air pressure affecting your ears while you travel in train.
  4. You can move around full time in a train & also can always carry liquids in a train.
  5. You can also keep your baggage with you in a train.
  6. A lot of travelers might not be traveling between Mumbai and Ahmedabad, but instead be going to the cities in between [Surat, Vadodara, Thane, Virar, Vapi etc] - Train will support this.
  7. Trains do far lesser sound and air pollution than planes.
  8. Trains do not need massive terminals.
  9. Trains; unlike planes; need not depend on fossil fuels.
  10. As India converts to solar power at a rapid rate, all trains will run on clean power.
  11. While India will have to import almost all of plane components, for railways India can do a lot of local sourcing.
  12. Trains have far higher capacity than planes.
In general, whenever the distance traveled is less than 1000Km a High-Speed-Rail beats air travel hands down anywhere in the world. It would be no-brainer to take the train even with a slightly higher than airfare.

Question 2
Why did we choose the Mumbai-Ahemdabad route and not any other route; like one of the most important 'Kolkata-Mumbai' route; of India?

One most important 'Kolkata-Mumbai' route was not used because it is 3x of Mumbai-Ahmedabad and that means it would have needed 3x investments. Also, the 'Kolkata-Mumbai' route is not traveled a lot by businessmen, while the 'Mumbai-Ahmedabad' route could be.

Look at the list of largest cities in India below:
Mumbai is #1, Ahmedabad is #5, Surat is #8, Pune is #9, Thane is #16, Vadodara is #20, Vasai is #31.
  1. Mumbai
  2. Delhi
  3. Bangalore
  4. Hyderabad
  5. Ahmedabad
  6. Chennai
  7. Kolkata
  8. Surat
  9. Pune
  10. Jaipur
  11. Lucknow
  12. Kanpur
  13. Nagpur
  14. Visakhapatnam
  15. Indore
  16. Thane
  17. Bhopal
  18. Pimpri-Chinchwad
  19. Patna
  20. Vadodara
A single train line can connect them all and has following advantages too:
  1. There is no other route in India with such a high number of cities.
  2. This route has much more traders and business travelers who can afford a higher rate to make the line economical. 
  3. This route is completely flat with no mountains to cross.
  4. This route's population is quite used to train travel.
  5. Indian Railways also recently clarified that Mumbai-Ahmedabad route runs at 100% occupancy. 
That makes perfect business sense for a new project. Also:
  1. As Mumbai and other cities choke with overpopulation the HSR can reduce the stress.
  2. Business travelers can come to Mumbai in the morning and return home at night/evening - avoiding costly stays in the city.
  3. Commuters can go from Vapi, Virar or Surat and that would put lesser strain on city’s infrastructure.
  4. The smaller cities along the line would develop with such a connectivity and bring their own jobs to even avoid going to Mumbai every day.
  5. This can become the blueprint for massive all-India expansion creating 100s of new cities along the route. Just as what railways did 150 years ago.
HSR works only when the train takes about 2–3 hours to the destination. Anything longer, the professional travelers would take the flight.

If the model works, it can be replicated elsewhere:
Bangalore-Chennai, Delhi-Lucknow, Delhi-Chandigarh, Bangalore-Mumbai, Chennai-Hyderabad etc.

Question 3
How do we plan to repay the loan?

Lets only look at the WORST Case and you can understand the rest :)
50 years from today, at 35,000 people a day (that is a very very shy number given the fact that the Shanghai metro carries 80,00,000 people per day) and Rs3000 (that will be smaller than even peanuts by 2070) for an end to end travel that that is 10 crore collections a day. The loan repayment would be in the range of Rs. 6 crores per day and the remaining goes into operating the trains.

Sources:
Mostly copied from- Medium.com/@balajivis/the-need-for-high-speed-rail-in-india-881e7876a328
Hindustantimes.com/india-news/overworked-tracks-excessive-traffic-underinvestment-make-train-travel-unsafe/story-oFyL1NN7xtQF6etLX1tgCI.html
Indiatoday.intoday.in/story/indian-railways-to-decongest-by-laying-new-tracks-constructing-3-new-corridors/1/652543.html
Livemint.com/Politics/AXIyUTEJaxNtX0Yv7npPiO/Is-Japans-bullet-train-loan-the-best-deal-India-has-ever-ha.html

A Startup versus A Project

I created multiple Startups in last 1 year and Quit them without making Money.
Is it possible? 
Hell No! 
All what I had done was creating multiple Projects. 

Startup is a different ballgame altogether.

One of the biggest Mistakes Entrepreneurs makes is Quitting way too early.
As a Startup Entrepreneur, you are fighting against all odds.
You are picking up Ideas that have been rejected by Smart people at large Companies.
You are trying to build Products that the Customers don’t even know they need.
To succeed in that game you have to hole in and play the war.
You have to hole-in so deep that your adversary - even a Superpower - gets tired and gives up.

AND You need to stick long! Why?
The longer you stay, more achievements you can make and more seriously you will be taken by the players around. You will build more deeper expertise, connections, & brand. Thus, the biggest goal of a startup should be to stick long in an idea.

And for that to happen you should:
1. Find the most desperate customer who wants the solution and sell it to them. Fixing their problem is the key to survive. Later you can fix much more sexier markets.
2. Put all out emphasis on Cashflow - be fanatic about it. If you have the cashflow, Investors would come knocking. The only time investors would come knocking is when you don’t need them.
3. Be a penny-pincher. Even after you get the investment. Especially after you get the investment. The greatest entrepreneurs are those who greatly conserved other people’s money. That will improve your odds of Survival.
4. Shut out all kinds of Distraction and second doubts about your idea. Almost any idea can be Scaled or Morphed to become Monstrous. It is your Execution that counts. And if you become a great Executor you can always change your idea years from know.
5. Team with People who are in it for the long term. If you cannot stand them for more than a few weeks, you should not have started with them.

Only if you do the above 5 and Survive at least 1 year and generate Revenues from customers, you are a Startup - Until then, you are just building Projects.


Source:
This post has been copied from an answer written by Balaji on Quora

Google Translate AI - can Automatically Translate between Languages Without being Explicitly Trained

In Nov 2016, Google posted a blog-post about its Google Translate's AI being able to automatically translate between languages, without being explicitly fed with their dictionaries - Lets try to understand it...

In the last 10 years, Google Translate has grown from supporting just a few languages to 103, translating over 140 billion words every day. To make this possible, Google needed to build and maintain many different systems in order to translate between any two languages, incurring significant computational cost.

In Sep 2016 Google Translate switched to a new system called Google Neural Machine Translation (GNMT) - an end-to-end Learning framework that learns from millions of Examples, and provided significant improvements in translation quality. However, while switching to GNMT improved the quality for the languages, scaling up to all the 103 supported languages presented a significant challenge.

Then came - Google’s Multilingual Neural Machine Translation System (GMNMT): Enabling Zero-Shot Translation - Translation between language pairs never seen explicitly by the system, where they addressed the mentioned challenge by extending their previous GNMT system, allowing for a single system to translate between multiple languages.

Here’s how it worked:

Let’s say we train GMNMT with Japanese ⇄ English and Korean ⇄ English examples, shown by the solid blue lines in the animation.
Now, a question: 
Can this system translate between a language pair which the system has never seen before?
An example of this would be translations between Korean and Japanese where Korean ⇄ Japanese examples were not shown to the system.
Answer: Yes!!!
It can generate reasonable Korean ⇄ Japanese translations, even though it has never been taught to do so. This is called “zero-shot” translation, shown by the yellow dotted lines in the animation.
But How ???
The system is learning a common representation in which sentences with the same meaning are represented in similar ways regardless of language - i.e. an “interlingua”. Using a 3-dimensional representation of internal network data, we were able to take a peek into the system as it translates a set of sentences between all possible pairs of the Japanese, Korean, and English languages.


Part (a) from the figure above shows an overall geometry of these translations. The points in this view are colored by the meaning; a sentence translated from English to Korean with the same meaning as a sentence translated from Japanese to English share the same color. From this view we can see distinct groupings of points, each with their own color. Part (b) zooms in to one of the groups, and part (c) colors by the source language. Within a single group, we see a sentence with the same meaning but from three different languages. This means the network must be encoding something about the semantics of the sentence rather than simply memorizing phrase-to-phrase translations. We interpret this as a sign of existence of an interlingua in the network.

Source:

Zomato's founder DeepinderGoyal reveals Business & Profitability plans/secrets

6 Key takeaways of Zomato's Founder DeepinderGoyal interview with YourStoryMedia-

1. If you have a lot of Money in the bank, your Answers to Problems always revolve around Money. You think of the easiest answers, which generally involve Spending.

2. Perception of your size in the delivery business also comes from the delivery fleet Wearing your Brand colored Tshirts out on the Roads.

3. In Food Delivery, there is a big First-Mover-Advantage if you have a good Service. And we initially lost Hyderabad and Bangalore because of that.

4. About 20% of our cost is being focussed on new areas - Experiments - we are in Investment mode. We can cut down those experiments on new things and can be 20% positive on EBITDA today.

5. I think the biggest change was that we stopped spending mindlessly, not just on advertising, but everywhere. Costs flattened out and eventually came down.

6. We were launching in a lot of new countries. Every 2 months, there was a country launch, and that added to a lot of fixed costs, payroll costs, rental costs, etc. And when the market turned, we could not Sustain in the new markets that we had just launched in. We had to Layoff the teams in most of the countries we launched in during 2015 - mainly North America and Europe. There was no change in India and UAE. Actually, for about a month when we laid off people, nobody said anything and FoodTech was going great until TinyOwl imploded. And then food tech was in trouble, and we got dragged into it. Until that time, the Indian media did not care that we had to lay off some employees in the opposite side of the world.

Deepinder Goyal

Source:
Yourstory.com/2017/08/zomato-deepinder-goyal-interview/
http://media2.intoday.in/btmt/images/stories/deepinder-goyal_660_050515060529.jpg

the Threatening Face of Artificial Intelligence - Facebook Chatbot Created its own Language

Facebook (FB) has shut down one of its AI systems after Chatbots started speaking in their own language defying the codes provided.

According to a report in Tech Times on Sunday, the social media giant had to pull the plug on the AI system that its researchers were working on "because things got out of hand". Initially the AI agents used English to converse with each other but they later created a new language that only AI systems could understand, thus, defying their purpose. This led Facebook researchers to shut down the AI systems and then force them to speak to each other only in English.

What is a Chatbot?
A Chatbot (also known as a Talkbot, Chatterbot, Bot, Chatterbox, IM Bot, Interactive Agent, Artificial Conversational Entity) is a computer program which conducts a conversation via auditory or textual methods. Such programs are often designed to convincingly simulate how a human would behave as a conversational partner, thereby passing the Turing Test. Chatbots are typically used in Dialog Systems for various practical purposes including customer service or information acquisition. Some chatterbots use sophisticated NLP (Natural Language Processing) systems, but many simpler systems scan for keywords within the input, then pull a reply with the most matching keywords, or the most similar wording pattern, from a database.

Mark Zuckerberg in Facebook office

What happened at FB? How did it happen?
In June, researchers from the Facebook AI Research Lab (FAIR) found that while they were busy trying to improve Chatbots, the "Dialogue Agents" were creating their own language. Soon, the bots began to deviate from the scripted norms and started communicating in an entirely new language which they created without human input. Using machine learning algorithms, the "dialogue agents" were left to converse freely in an attempt to strengthen their conversational skills. The researchers also found these bots to be "incredibly crafty negotiators". After learning to negotiate, the bots relied on machine learning and advanced strategies in an attempt to improve the outcome of these negotiations. Over time, the bots became quite skilled at it and even began feigning interest in one item in order to 'sacrifice' it at a later stage in the negotiation as a faux compromise.

Is it Threatening?
Of course, it is !!! Several experts including Professor Stephen Hawking have raised fears that humans, who are limited by slow biological evolution, could be superseded by AI. Others like Tesla's Elon Musk, Microsoft's founder Bill Gates and Apple's cofounder Steve Wozniak have also expressed their concerns about where the AI technology was heading. Musk has been speaking frequently on AI and has called its progress the "biggest risk we face as a civilization". "AI is a rare case where we need to be proactive in regulation instead of reactive because if we're reactive in AI regulation it's too late," he said.

Source:
Businessinsider.in/Facebook-shuts-AI-system-after-bots-create-own-language/amp_articleshow/59843141.cms

Artificial Intelligence goals - Machine Learning, Natural Language Processing, Robotics, etc.

Artificial intelligence (AI); also called Machine Intelligence (MI); is intelligence exhibited by machines. 

Goal of AI is to create technology that allows machines to function in an intelligent manner.

Research from Oxford & Yale predicts the years when AI will take over Human tasks

The general problem of simulating (or creating) intelligence has been broken down into sub-problems - These consist of particular traits/capabilities that researchers expect an intelligent system to display.The traits described below have received the most attention-

[1] Reasoning, Problem Solving

Early researchers developed algorithms that imitated step-by-step reasoning that humans use when they solve puzzles or make logical deductions. By the late 1980s and 1990s, AI research had developed methods for dealing with uncertain or incomplete information, employing concepts from probability and economics.

For difficult problems, algorithms can require enormous computational resources (most experience a "combinatorial explosion" - the amount of memory or computer time required becomes astronomical for problems of a certain size).

So, the search for more efficient problem-solving algorithms is a high priority.

Human beings ordinarily use fast, intuitive judgments rather than step-by-step deduction that early AI research was able to model. AI has progressed using "sub-symbolic" problem solving:
[a] Embodied Agent approaches emphasize the importance of sensorimotor skills to higher reasoning
[b] Neural Net research attempts to simulate the structures inside the brain that give rise to this skill
[c] Statistical approaches to AI mimic the human ability to guess.

[2] Knowledge Representation, Commonsense Knowledge

Knowledge Representation and Knowledge Engineering are central to AI research. Many of the problems machines are expected to solve will require extensive knowledge about the world. Among the things that AI needs to represent are: objects, properties, categories and relations between objects; situations, events, states and time; causes and effects; knowledge about knowledge (what we know about what other people know); and many other, less well researched domains.

A representation of "what exists" is an Ontology: the set of objects, relations, concepts, and properties formally described so that software agents can interpret them. The semantics of these are captured as description logic concepts, roles, and individuals, and typically implemented as classes, properties, and individuals in the Web Ontology Language.

The most general ontologies are called upper ontologies, which attempt to provide a foundation for all other knowledge[55] by acting as mediators between domain ontologies that cover specific knowledge about a particular knowledge domain (field of interest or area of concern). Such formal knowledge representations are suitable for content-based indexing and retrieval, scene interpretation, clinical decision support, knowledge discovery via automated reasoning (inferring new statements based on explicitly stated knowledge), etc. Video events are often represented as SWRL rules, which can be used, among others, to automatically generate subtitles for constrained videos.

Among the most difficult problems in knowledge representation are:

[a] Default Reasoning and the Qualification Problem
Many of the things people know take the form of "working assumptions". For example, if a bird comes up in conversation, people typically picture an animal that is fist sized, sings, and flies. None of these things are true about all birds. John McCarthy identified this problem in 1969 as the qualification problem: for any commonsense rule that AI researchers care to represent, there tend to be a huge number of exceptions. Almost nothing is simply true or false in the way that abstract logic requires. AI research has explored a number of solutions to this problem.

[b] The Breadth of Commonsense Knowledge
The number of atomic facts that the average person knows is very large. Research projects that attempt to build a complete knowledge base of commonsense knowledge (e.g., Cyc) require enormous amounts of laborious ontological engineering—they must be built, by hand, one complicated concept at a time. A major goal is to have the computer understand enough concepts to be able to learn by reading from sources like the Internet, and thus be able to add to its own ontology.

[c] The Subsymbolic form of some Commonsense Knowledge
Much of what people know is not represented as "facts" or "statements" that they could express verbally. For example, a chess master will avoid a particular chess position because it "feels too exposed" or an art critic can take one look at a statue and realize that it is a fake. These are non-conscious and sub-symbolic intuitions or tendencies in the human brain. Knowledge like this informs, supports and provides a context for symbolic, conscious knowledge. As with the related problem of sub-symbolic reasoning, it is hoped that situated AI, computational intelligence, or statistical AI will provide ways to represent this kind of knowledge.

[3] Automated Planning and Scheduling

Intelligent agents must be able to Set Goals and Achieve them. They need a way to visualize the future - a representation of the state of the world and be able to make predictions about how their actions will change it - and be able to make choices that maximize the utility (or "value") of available choices.

In classical planning problems, the agent can assume that it is the only system acting in the world, allowing the agent to be certain of the consequences of its actions. However, if the agent is not the only actor, then it requires that the agent can reason under uncertainty. This calls for an agent that cannot only assess its environment and make predictions, but also evaluate its predictions and adapt based on its assessment.

Multi-agent planning uses the cooperation and competition of many agents to achieve a given goal. Emergent behavior such as this is used by evolutionary algorithms and swarm intelligence.

[4] Machine Learning (ML) (Read in detail here)

Machine learning, is the study of Computer Algorithms that Improve Automatically through Experience.

Unsupervised Learning is the ability to find patterns in a stream of input.
Supervised Learning includes both classification and numerical regression.
Classification is used to determine what category something belongs in, after seeing a number of examples of things from several categories.
Regression is the attempt to produce a function that describes the relationship between inputs and outputs and predicts how the outputs should change as the inputs change.
In Reinforcement Learning the agent is rewarded for good responses and punished for bad ones. The agent uses this sequence of rewards and punishments to form a strategy for operating in its problem space.

These three types of learning can be analyzed in terms of decision theory, using concepts like utility. The mathematical analysis of machine learning algorithms and their performance is a branch of theoretical computer science known as computational learning theory.

Within developmental robotics, developmental learning approaches are elaborated upon to allow robots to accumulate repertoires of novel skills through autonomous self-exploration, social interaction with human teachers, and the use of guidance mechanisms (active learning, maturation, motor synergies, etc.).

[5] Natural Language Processing (NLP)

NLP gives machines the ability to Read/Understand Human Language.

A sufficiently powerful NLP system would enable NL UIs and the acquisition of knowledge directly from human-written sources, such as newswire texts. Some straightforward applications of natural language processing include information retrieval, text mining, question answering, machine translation.

A common method of processing and extracting meaning from natural language is through Semantic Indexing. Although these indexes require a large volume of user input, it is expected that increases in processor speeds and decreases in data storage costs will result in greater efficiency.

[6] Perception

Machine perception is the ability to use input from sensors (such as cameras, microphones, tactile sensors, sonar and others) to deduce aspects of the world.

Computer Vision is the ability to analyze visual input.

A few selected sub-problems are Speech Recognition, Facial Recognition, Object Recognition.

[7] Robotics

Intelligence is required for Robots to handle tasks (such as object manipulation and navigation, with sub-problems such as localization, mapping, and motion planning).

These systems require that an agent is able to:
[a] Be spatially cognizant of its surroundings
[b] Learn from and build a map of its environment
[c] Figure out how to get from one point in space to another
[d] Execute that movement (which often involves compliant motion, a process where movement requires maintaining physical contact with an object)

[8] Social intelligence & Affective computing

Affective computing is the study and development of systems that can Recognize, Interpret, Process, and Simulate Human Affects. It is an interdisciplinary field spanning computer sciences, psychology, and cognitive science. A motivation for the research is the ability to simulate empathy, where the machine would be able to interpret human emotions and adapts its behavior to give an appropriate response to those emotions.

Emotion and social skills are important to an intelligent agent for two reasons:
[a] Being able to predict the actions of others by understanding their motives and emotional states allow an agent to make better decisions. Concepts such as Game Theory, Decision Theory, necessitate that an agent be able to detect and model human emotions.
[b] In an effort to facilitate HCI (Human-Computer Interaction), an intelligent machine may want to display emotions (even if it does not experience those emotions itself) to appear more sensitive to the emotional dynamics of human interaction.

[9] Creativity & Computational creativity

A sub-field of AI addresses Creativity both
[a] Theoretically (the Philosophical Psychological perspective)
[b] Practically (the specific implementation of Systems that Generate Novel and Useful Outputs)

[10] General Intelligence - Artificial General Intelligence and AI-complete

Many researchers think that their work will eventually be incorporated into a machine with artificial general intelligence, combining all the skills mentioned above and even exceeding human ability in most or all these areas.

A few believe that anthropomorphic features like Artificial Consciousness or an Artificial Brain may be required for such a project.

Many of the problems above also require that general intelligence be solved. For example, even specific straightforward tasks, like machine translation, require that a machine read and write in both languages (NLP), follow the author's argument (reason), know what is being talked about (knowledge), and faithfully reproduce the author's original intent (social intelligence). A problem like machine translation is considered "AI-complete", but all of these problems need to be solved simultaneously in order to reach human-level machine performance.

Source:
https://en.wikipedia.org/wiki/Artificial_intelligence

the Threatening Face of Artificial Intelligence - Google AI tool removes Shutterstock watermarks

Google’s researchers built an Artificial Intelligence (AI) powered tool that could easily remove the watermarks that Shutterstock uses to protect all of its images across the website.

What is Shutterstock?
Shutterstock is an american stock photography company that sells licensed images. To protect its images-on-the-display from getting copied (read 'stolen'), it watermarks them.

a sample shutterstock image with watermarks

How does the AI tool work?
Once Google’s tool analyzes hundreds of pictures with consistent semi transparent watermarks it learns to look at a photo and decide which pixel was a watermark and which wasn’t. It could then remove all the watermark pixels in any given image.

Why is this threatening?
People can manually remove watermarks today, using image editing tools like Photoshop, but this tool is automatic - it clean the watermarks off hundreds of images in the time it would take a human to clean one. So, anyone who can build such a tool can steal all images and build a parallel-similar marketplace.

What is Shutterstock doing handling such risks?
Shutterstock could lessen its risk by making its watermarks random. If the pattern changes across every image, an algorithm would have a much tougher time removing it completely.

Source:
https://qz.com/1059765/google-goog-taught-artificial-intelligence-a-whole-new-way-to-steal-pictures-online

Reliance launches 'India ka 4G Smartphone' - JioPhone

Reliance Jio's stormy entry into $26B Indian telecom market riding on big freebies in 2016-17 changed rules of the game. With its second wave of disruption - JioPhone (4G Smartphone) - it is expected to end up leading the game.

Why JioPhone?
JioPhone (priced effectively at ZERO rupees) will target the 60% Indian (750M) Featurephone users who have been wary of shifting to Smartphones due to the affordability factor and lack of use case. After a speedy start, Jio had seen a slowdown in its customer acquisition pace, mainly due to the limited number of affordable 4G handsets in the market - JioPhone will remove this hurdle.



What are competitors upto?
Airtel is in talks with handset makers to introduce a 4G smartphone by Diwali for INR 2.5k, bundling large amounts of data and voice with the device.
Vodafone has bundled voice plans and cashback with 2G feature phones from China’s itel

Source:
http://economictimes.indiatimes.com/articleshow/60232005.cms

Julia - Free Open-source High-level High-capacity language - for Techies

Awesome news for our Technology Community-
Data Scientists, Researchers, Analysts no longer need to solve problems in one language and apply solutions in a second language, as has been the practice. Now they can use a single language Julia for prototyping as well as production.

What is Julia?
Julia language; developed by 2 years old India & US based startup Julia Computing; has already been adopted by enterprises spanning finance, robotics, energy, health, aerospace, genomics - used to guide self-driving vehicles, analyze images from deep space, help surgeons visualize patients' internal organs during surgery, assist the Federal Reserve Bank in conducting economic forecasts, drive the FAA's Next-Gen Aircraft Collision Avoidance System and much more.

Features- 
[1] free
[2] opensource
[3] high-level language
[4] fast, high capacity, easily deals with large datasets

Numbers-
Julia has seen over 1M downloads - a number that grew by 161% just last year - JuliaBox alone has over 75,000 registered users. It is also reportedly one of the top 10 Programming languages developed on GitHub.

team of Julia Computing

Source:
https://juliacomputing.com/assets/img/new/full_company.jpg
Eeconomictimes.indiatimes.com/small-biz/startups/why-amazon-disney-and-uber-are-courting-this-two-year-old-startup-julia-computing-viral-shah/printarticle/60169227.cms

Machine Learning (ML) types

In this post, we will try to decipher what is ML (Machine Learning) and what are its types?

In layman terms-
Machine Learning (ML) gives computers the ability to learn without being explicitly programmed.

In simple-technical terms-
In ML you construct algorithms that can learn from and make predictions on data.

_____________________________________
Machine learning tasks are typically classified into three broad categories, depending on the nature of the learning "signal" or "feedback" available to a learning system:

[1] Supervised learning
The computer is presented with example inputs and their desired outputs, given by a "teacher", and the goal is to learn a general rule that maps inputs to outputs.

[2] Unsupervised learning
No labels are given to the learning algorithm, leaving it on its own to find structure in its input. Unsupervised learning can be a goal in itself (discovering hidden patterns in data) or a means towards an end (feature learning).

[3] Reinforcement learning
A computer program interacts with a dynamic environment in which it must perform a certain goal (such as driving a vehicle or playing a game against an opponent). The program is provided feedback in terms of rewards and punishments as it navigates its problem space.

[4] Semi-supervised learning
Between supervised and unsupervised learning is semi-supervised learning, where the teacher gives an incomplete training signal: a training set with some (often many) of the target outputs missing. Transduction is a special case of this principle where the entire set of problem instances is known at learning time, except that part of the targets are missing.

_____________________________________
ML tasks can also be categorized into following:

[1] Deep learning - the application of Artificial Neural Networks (ANN) to learning tasks that contain more than one hidden layer.

[2] Shallow learning - ML tasks with a single hidden layer.

_____________________________________
Another categorization of ML tasks arises when one considers the desired output of a machine-learned system:

[1] Classification
In classification, inputs are divided into two or more classes, and the learner must produce a model that assigns unseen inputs to one or more (multi-label classification) of these classes. This is typically tackled in a supervised way. Spam filtering is an example of classification, where the inputs are email (or other) messages and the classes are "spam" and "not spam".

[2] Regression
In regression, also a supervised problem, the outputs are continuous rather than discrete.

[3] Clustering
In clustering, a set of inputs is to be divided into groups. Unlike in classification, the groups are not known beforehand, making this typically an unsupervised task.

[4] Density estimation
Density estimation finds the distribution of inputs in some space.

[5] Dimentionality
Dimensionality reduction simplifies inputs by mapping them into a lower-dimensional space. Topic modeling is a related problem, where a program is given a list of human language documents and is tasked to find out which documents cover similar topics.


Sources:
Datasciencecentral.com/profiles/blogs/machine-learning-summarized-in-one-picture
en.wikipedia.org/wiki/Machine_learning