NASSCOM

(NASSCOM) National Association of Software and Service Companies is a trade association of Indian Information Technology and Business Process Outsourcing companies. Established in 1988, NASSCOM is a non-profit organisation.

Recent activities of NASSCOM

It drives growth of the industry in international markets through a combination of policy interventions, market development programs and global partnerships. The India Market Development (IMD) initiative is a market maker for futuristic technologies & verticals in the country.

In a recent news, NASSCOM said that small and medium businesses (SMBs) in India can contribute 30 per cent of the cloud market by 2025.In a survey of 1,000 SMBs in India, NASSCOM found that 60 per cent are already using cloud, though almost half are at early stages of adoption, according to the report findings. In an effort to provide an opportunity for individuals to upgrade their emerging tech skills, including artificial intelligence, NASSCOM has launched a free course on artificial intelligence, in collaboration with the Union IT Ministry.

With a vision to improve artificial intelligence readiness among all individuals in the country, NASSCOM FutureSkills — an online learning platform for the IT industry — jointly with the Ministry of Electronics and Information Technology (MeitY), launched this initiative where is offering on-demand courseware, which would allow individuals to upgrade themselves till May 15th. The president of NASSCOM, stated that the deadly coronavirus has thrown up unprecedented challenges across the world and industries alike. 

                NASSCOM will set up a warehouse in port city Visakhapatnam under its 10,000 Startups initiative to nurture technology entrepreneurs with innovative ideas. The entrepreneurs will be mentored and funded by venture capitalists and other investors under the NASSCOM initiative.

 

SMART Goals - Guide for goal setting

Goals are part of every aspect of business/life and provide a sense of direction, motivation, a clear focus, and clarify importance. By setting goals for yourself, you are providing yourself with a target to aim for. A SMART goal is used to help guide goal setting. SMART is an acronym for Specific, Measurable, Achievable, Realistic, and Timely. When you make goals that are specific, measurable, attainable, relevant, and time-bound, you're increasing your odds for success by verifying that the goal is achievable, identifying the metrics that define success, and creating a roadmap to get to those metrics. Therefore, a SMART goal incorporates all of these criteria to help focus your efforts and increase the chances of achieving your goal.

If you ask most people what is their one major objective in life, they would probably give you a vague answer, such as, "I want to be successful, be happy, make a good living," and that is it. They are all wishes and none of them are clear goals.

How to Make a Smart Goal

1.       Use specific wording.

2.       Include measurable goals.

3.       Aim for realistically attainable goals.

4.       Pick relevant goals that relate to your business.

5.       Make goals time-bound by including timeframe and deadline information.

SMART Goals

Common SMART Goal Mistake: Unattainable Goals

Yes. You should always aim to improve. But reaching for completely unattainable goals may knock you off track and make it harder to track progress. Rather than saying, "We want to make 10,000% of what we made in 2019," consider something more attainable, like, "We want to increase sales by 150% this year," or "We have a quarterly goal to reach a 20% year-over-year sales increase."

SMART Goal Example:

Facebook Video Views Goal

Specific: I want to boost our average views per native video by cutting our video content mix from 8 topics to our 5 most popular topics.

Measurable: A 25% increase is our goal.

Attainable: When we cut down our video content mix on Facebook from 10 topics to our 8 most popular topics six months ago, our average views per native video increased by 20%.

Relevant: By increasing average views per native video on Facebook, we'll boost our social media following and brand awareness, reaching more potential customers with our video content.

Time-Bound: In 6 months.

SMART Goal: In 6 months, we'll see a 25% increase in average video views per native video on Facebook by cutting our video content mix from 8 topics to our 5 most popular topics.

 

 

 

MY VISUME

             Hi! I am Veer Singh Saindhav from the heart of India, Madhya Pradesh. It is famous for cleanest city of India-Indore.

I am currently pursing Post graduate Diploma in Manufacturing Management from the Mecca of Supply Chain National Institute of Industrial Engg, Mumbai. Being passionate towards machines and mechanism, I have completed my Mechanical Engineering from SRM University, Chennai as the Gold Medallist of the batch. And was also awarded ‘Performance based Scholarship’ worth 50k for three consecutive academic years.

Coming to work experience, I have worked at DRDO in the Aircraft group, which is  responsible for planning, coordination of Balakot Strikes in Feb 2019.I handle two projects during my tenure. The first one was on the optimization of manifold problem where my task was to reduce the Flow inequality in the manifold and we were able to reduce the flow non uniformity ratio by 48%. The Second Project was the Design of Composite Console System. The lightweight design proved to be instrumental in reducing fuel cost since every kg saved onboard is proportional to fuel saved

As our final year project, we as a team of 4 members designed and developed a Low Cost Multi crop harvesting machine to cater the needs of small-scale farmers having 1-1.3 hectares of land particularly at hilly terrains. We were able to reduce the cost to 45k from 1 lakh which is nearly 50% reduction. I have also presented a paper as a co-author for the same project at National Conference held in 2018.

Besides this, I am a certified GREEN BELT in SIX-SIGMA from Synergy School of Business Skills.

Apart from academics, I have been an active participant in various workshops, cultural activities and other events throughout the college. Like, I supervised in installation of console inside the aircraft and we have organized a Quiz Competition Event in COMBUSTED 2k16,Tvaran2k17.

Post completion of my diploma I want to work primarily in the operations domain however I am also open for the SCM domain.

As far as my persona is concerned, I am dedicated, persistent and always enthusiastic about knowing people and their culture and natural beauty. Apart from this engaging in agricultural activities, reading novels, reading defence articles in free time-Security Scan RSTV.

Reasons Why You Should Use AI!

 Thanks to the Internet of Things(IoT) , Artificial Intelligence(AI), and advances in sensor technology, a whole host of everyday products are getting smarter. We have smart TVs and smartwatches. We have smart running shoes – or rather, smart insoles – that gather data on your running performance. You can even get smart nappies that send an alert to your phone when your baby’s nappy needs changing.

Here are few huge benefits of smart products:

1. Making your customers’ lives easier (and boosting customer satisfaction in the process)

The smart product trend has particularly taken hold in our homes. Because of the IoT, basic home electronic goods and appliances can gather information on what’s going on around them and respond accordingly. For example, a smart thermostat can heat your home to the perfect temperature in time for your return from work, without you having to programme it.

2. Building better products (products your customers really want)

Making your products smarter is a fantastic way to build a more in-depth understanding of your customers. This knowledge can and should feed into your product design. In my experience, building a better understanding of customers and developing more desirable products is one of the most attractive benefits for most businesses.

3. Responding to customers’ needs more quickly

The customer journey has been forever altered (and sped up) thanks to our permanent attachment to our mobile devices. Because life is so fast-paced these days, we’re constantly making quick decisions, looking up solutions on-the-fly, and seeking split-second answers to the things we want to know.

Vehicle scrappage policy

 

The much-awaited vehicle scrappage policy is in its final stages of approval and will be rolled out within a month as per road transport and highways ministry.

The vehicle scrapping policy is very important for the revival of the auto industry. The scrappage policy is in its last stages of approval and it will come within a month or by month-end. The govt. is set to clear this policy with the approval of the highest authorities which can be a win-win for Indian manufacturers.

The vehicle scrappage policy is expected to entail scrapping of old vehicles in exchange for some incentives for consumers while setting up vehicle recycling clusters to boost use of recycled materials, thereby cutting cost of raw materials.

This will help to reduce carbon footprints as only BSIV compliant engines will run on roads of India in line with PUC rules and regulations.

The proposed policy is seen as a growth driver in boosting demand for new vehicles at a time when the economy is hit by weak consumer sentiment amid covid-19 led slowdown in the broader economy. The vehicle scrappage policy would focus on eliminating the fleet of old polluting commercial vehicles plying on the country’s roads. India has the potential to become a hub for automotive manufacturing globally in the next five years.

Appealing to the auto industry stakeholders to reduce import dependency, he said the government plans to increase import duties on certain imported parts in near future.

This is a good initaitive ogf the Indian Govt. to make India 'Aatmanirbhar' and one of the automotive manufacturing leader. 

 

  

Do lean techniques compromises resilience of a Supply Chain in Crisis?

 

For the past 10 years, lean techniques like Just in Time(JIT), Heijunka, Kanban, Poka-Yoke etc. has undoubtedly increased supply chain efficiency as well as responsiveness with the introduction of robust information infrastructure and has further scope by digitization of supply chain networks. Adoption of these techniques has landmark effect on Indian economy as well as it increased overall supply chain surplus and profitability.

The lean techniques also posed a risk of less resilient supply chain and Covid19 pandemic has really brought it on its knee. Frequent and long-lasting lockdowns had almost put a full stop on distribution stage (either from supplier to manufacturer or manufacturer to retailer) as transportation was completely disrupted across the country. The unorganized sector which counts for almost 90% of employment in India was most hit as almost 120 million labors moving back to native putting shutters on mfg. sector. More or less all the 6 drivers of supply chain were compromised. This was about past once Covid19 Vaccine starts getting manufactured after its trial 3 phase,how India will respond to it is another critical question. India boasts itself as 3rd largest supplier of pharmaceuticals and will have a great responsibility ahead! Here are some solutions which can help to mitigate supply chain problems as per me. 

This all proves that redundancy is most important in such cases and also raises a question that do we need multiple level of intermediaries in a supply chain? Should the supply chain be decentralized with more warehouses in tier 2 & 3 cities of country? There should be proper trade off b/w Efficiency and Resilience is must since due to lean method the exposure to risk has been increased. Proper Risk Exposure model to know extent of potential risk associated with current techniques. There is need to optimize supply chain in b/w lean & conventional so that supply chain can be more resilient to shock. One must ensure that the Time to Service (TTS) > Time to Recover (TTR) for uninterrupted supply. Digital Twins of supply chain can be used for simulation to beforehand know what are the factors that will adversely affect the real supply chain

Business Communication - Consulting and Personal Branding

         Let's talk about a very enriching session on the importance of Business Communication in consulting and personal brand building by our former NITIE alumni  Mr. Nikhil Kulkarni. 

        A brief about him; Mr. Kulkarni is the owner of a start-up tripdarwin.com which is a holiday planning website This website lets you decide the place, type of activities and creates an itinerary in just minutes to get the extra mile on your holiday planning. He worked at KPMG for 10 years and later quit the job to give a shot to his entrepreneurial journey.

        As per him in consulting 80% is your communication and from rest 20%, 15% is relationship with the customer and only 5% is your research about the content.MS Word, Excel, and Powerpoint are must for a consulting job at least for the first few years. Powerpoint is the most important tool for proposal making, report making, and Executive briefing as many are interested in fewer data, and PowerPoint appeals more to the customer in terms of communication.

The Pyramid Principle & MECE

We should follow the pyramid principle to design the content. We should know the objective, audience, context in which the content is consumed, and should be able to cover all aspects of the problem. This is done by MECE (Mutually Exclusive and Collectively Exhaustive) which means all content should be independent of each other and all points should be duly addressed.

Use a hierarchical structure to organize ideas and supporting evidence. The information must flow in a well-structured way with a Key Message(quote, video, etc.) followed by IDFL(Idea, Data, Fact, Logic)  and Summary so it reinforces the way the human mind understands anything.

Personal Branding

        A personal brand is something that builds credibility as an expert in the respective area. It introduces your personality without someone actually speaking about it. No. 7 Jersey in Cricket represents Mahendra Singh Dhoni.

 A personal brand is an important part of a person's career. You can get easy jobs, get things done whether it is tender or project based on your persona. The personal brand makes other people comfortable with you while working.

     He talked about his personal experience that how his blog writing helped him to get many assignments as clients really wanted to know him personally while working with him and how brands have evolved in the last 10-15 years to strive for success in the market.

        In a nutshell, it was a very good experience knowing how important business communication skills for any role and wish him all the best for his future endeavors.