Monday, August 31, 2015

Ratan Tata has invested in the Infinite Analytics

Ratan Tata has invested in the Infinite Analytics which is based out of Boston. High profile people like Tim Berners-Lee who invented the World Wide Web, and Deb Roy who is the Chief Media Scientist at Twitter are associated with the firm. It uses Artificial Intelligence, Machine Learning and Predictive Analytics to provide a 360 degree view of the customer. Some of their customers are AirBnB, Comcast , eBay, Tata Marketplace , Croma Retail, and Future Group.

Friday, August 28, 2015

Drag, Defer, Dither and Delay, 4D’s of Decision making

Drag, Defer, Dither and Delay, 4D’s of Decision making

  • Drag, Defer, Dither and Delay are the most effective approaches for Decision making for the following reasons:
  • The problem solves by itself as sometimes circumstances change.
  • Somebody else will decide and act. Pray that the decision fails miserably and your approach of 4D’s is vindicated.
  • One becomes comfortably numb with the problem and learns to live with it. Over a period of time one doesn’t even see the situation as a problem. Frog in the boiling water syndrome.
  • The problem may become an opportunity as circumstances change. In China the word for crisis consists of two characters opportunity and danger.


Thursday, August 27, 2015

Amnesty International India (AI India) and IIMA Alumni Association, Bangalore are proud to present a discussion on Broadening CSR: How businesses can promote human rights and business principles on Aug 29th 2015 at Royal Orchid, Old Airport Road, Next to KGA, Bangalore

Amnesty International India (AI India) and IIMA Alumni Association, Bangalore are proud to present a discussion on Broadening CSR: How businesses can promote human rights and business principles on Aug 29th 2015 at Royal Orchid, Old Airport Road, Next to KGA, Bangalore
The Companies Act 2013 had introduced a new provision requiring companies meeting certain parameters to invest in and promote Corporate Social Responsibility. Simultaneously the Act had also tightened the provisions for Corporate Governance and Internal Controls in running a business. Other regulatory bodies have followed in tandem: The top 100 listed businesses in India have been mandated by the Securities and Exchange Board of India to include ‘Business Responsibility Reports’ as part of their annual reports in line with the National Voluntary Guidelines for Social, Environmental and Economic Responsibilities of Business (NVGs) issued by the Ministry of Corporate Affairs in 2011. Following these measures, there has been a general trend in increasing focus on CSR with a reported spend of about Rs 7000-8000 Crores in the first year of operation (2014-15) of the provision. We hope that this companies will go further in thinking beyond bottom lines towards sustainable development and triple bottom line approach as is becoming the norm in the Global Reporting Initiative of G4. India presently has 17.5 % of the world’s population contributing to just about 3 % of the world’s GDP and is set to become the 3rd largest economy by 2030 ( it is already the 3rd largest in terms of PPP) and the world’s most populous country in 2022 ( with the world’s largest workforce). A new development structure with an inclusive growth is an imperative and the need of the hour: 
The IIMA Alumni Association, Bangalore had looked beyond the narrow Companies Act definition of CSR in our last workshop: we looked at how businesses could expand into socially inclusive initiatives within their own activities This workshop had a tremendous response and there was a felt need at its conclusion that there should be many more of this kind.
The current workshop once again looks beyond CSR as defined in the Act with a focus on ethics and corporate governance, drawing on the UN Guiding Principles on Business and Human Rights (BHR) that provides a roadmap of the actions that governments and businesses must take to prevent business-related human rights abuse and to provide effective remedy and justice. As India begins to implement an ambitious new plan to increase manufacturing and boost foreign investment, there is an urgent need to develop and implement adequate frameworks to address issues related to the responsibility of businesses to be socially responsible and respect human rights in their work

The workshop has been designed with the following sub themes: 

1) CSR and fundamental rights: How the concept of corporate social responsibility can encompass respect for human values in a company's operations

Conversations around corporate social responsibility usually center around how companies spend 2 per cent of their net profits on social work or charity. But business responsibility must go beyond what a company does with its profits to how it actually makes those profits too.

2) Human rights makes good business sense: Why respecting human rights can increase predictability, reduce litigation and delays, and enhance reputation

 Human rights and ease of business are often wrongly positioned as contrary objectives. However respect for human rights can have several benefits for companies, which can be linked to their profitability. 
3) Business integrity and due diligence: How companies can ensure that their operations show due respect for human values and enable good governance
Businesses can take several preventive steps to ensure that they do not contribute to corruption and human rights abuses, including by assessing actual and potential impacts, acting upon findings, tracking responses, and communicating how impacts are addressed.
4) Role of academia: What role can academia play in enabling companies to fulfill their rights and responsibilities?
What should a responsible business do to ensure that it does not commit, contribute to or benefit from human rights abuses? Little research exists on how questions like these can be answered, partly because of a lack of sustained rigorous examination of the intersection of business and human rights by academia.
The workshop will have some very illustrious speakers who have excelled in the areas of CSR / Academia and Business. Senior company representatives, CSR practitioners, social activists and academics are expected to attend the knowledge sharing and interactive workshop.
Who Should Attend?
1)     Middle and senior executives from Corporates who wish to understand more about Human Rights and the interplay with Business.
2)     Social activists engaged in the area of Human Rights , CSR and corporate governance
3)     Academicians interested in the area of Human Rights / CSR/corporate governance from a perspective of teaching and research
4)     Non Profit Organisations in these areas who would like to gain more understanding in the area and network with Corporates
Objectives
1)     To introduce BHR and its need in organisations
2)     To look at BHR in the organisation (including the backward and forward linkages), the society and the environment

3)     To plan for possible strategic action in BHR and interweaving these actions with the CSR programmes

Amnesty International and the IIM Ahmedabad Alumni Association (Bangalore chapter) are jointly conducting a seminar on Broadening CSR: How businesses can promote human rights and business principles. The discussion, led by eminent speakers and activists, will be focused on how business can proactively promote the cause of respect of human rights as a part of their organizational CSR initiatives. The confirmed speakers/panelists apart from Prof Satish Deodar are: Prof Samuel Paul (former Director, IIMA), Prof Satish Deodar ( IIMA faculty and expert on CSR and sustainability ),V. Ravichander (an IIMA Alumni and Civil expert), Aaker Patel (columnist, writer and ED of Amnesty International, India) , Sudeep Chakravarthi (a leading commentator on Business & Human Rights) , Dr Hardeep Kaur,( an expert on BHR), Saeed Mirza,( noted filmmaker)  and K Jairaj ( former Addl Chief Secretary, Govt of Karnataka and Chairman BMS Institute of Technology & Management).”

Seminar date:  29th August 2015: 9.30 AM to 2.00 PM. Lunch and Networking after the Seminar.
Venue: Royal Orchid Hotel, Old Airport Road, Next to KGA, Bangalore
Cost: Early Bird Registration – INR 1500 (until 27th Aug 2015).
Event details and registration at: http://iimacsr.doattend.com/
 Contact - S.Viswanathan : sv@kentreeglobal.com OR Rupali Babu: rupali.babu@amnesty.co.in
 Who should attend?
  1.  Senior and middle executives from corporates who wish to understand more about Human Rights and the interplay with Business.
  2. Executives and Management responsible for CSR initiatives of the organization 

Wednesday, August 26, 2015

Bayesian approach for Demand Forecasting in Supply Chain Planning

Bayesian approach has its own importance in Statistics and Analytics. It has also been used in defining new approach to forecasting. Oracle Demantra has come up with talk about how to combine the concepts of a priori and post priori understanding into a forecasting model. Generally most of the forecasting systems use the best fit model for forecasting and neglects other models. However in the Bayesian approach of Oracle Demantra the forecasting model is defined as a combination of different forecasting models rather than a single forecasting model. The forecasting model is defined asF = w1f1+w2f2+…+wnfn , where w1…wn are the different weights of different forecasting models f1, f2, ….fn . The Oracle paperat the link provides more details. 
For more information please read my articles at http://www.anallyz.com/

Friday, August 21, 2015

Cabbages and Onions correlation Coefficient

When two variables dance in tandem either make similar moves or move in opposite directions they are known to be correlated. Correlations is an important concept in statistics and analytics. It is useful as it relationship between two variables which sometimes can be useful. In demand forecasting one of the approach used is causal demand forecasting models. The casual factors for such a model is selected from variables which have high degree of correlation with the dependent variable. For example high temperatures can result in high sales of ice-creams. This could be an obvious relation. However in some case the correlation between variables may not be obvious. Only statistical analysis show the hidden relationship.
There was an interesting incident in India where in the price of cabbage increased because of increase of price of onions. The relationship between the two may not be obvious but it so happens that people start to substitute cabbage in food preparations.
Mathematically correlation coefficient σX,Y is defined as the corr(X,Y) = cov( (X,Y)/σx, σy

Another very apt example is the correlation of a stock price with the index movement. This is known as the beta of a stock. Positive beta stocks move in the same direction as the index and a negative beta stock moves in the opposite direction. Investors use this concept for hedging and build their investment portfolio. 

read my article at www.anallyz.com

Wednesday, August 19, 2015

ANALYTICS means set of techniques, which gives STRUCTURE to large amount of INFORMATION for actionable INSIGHTS

Out of several definitions, which can be used for Analytics, the following should suffice for most of the cases.
ANALYTICS means set of techniques, which gives STRUCTURE to large amount of INFORMATION for actionable INSIGHTS
Structure by Charts, Graphs, Aggregations, Groupings, Inferences, Combinations, Trends etc. Insights by showing What happened, Why it happened, What can happen and What should be done for that.

Tuesday, August 18, 2015

ANALLYZ is an Interactive, Self-service Business Analytics Software.

ANALLYZ is an Interactive, Self-service Business Analytics Software. The primary intent to is to provide an easy tool, which a Business User can leverage, without relying on experts. It allows one to do whole gamut of Analytics work, ranging from Data Visualization, Predictive Analytics, Optimization to Text Analytics. For the uninitiated, there is Training materials on Statistics and Analytics techniques. For Business Users, looking for something specific, there are Tools for Supply Chain, Finance, Operations etc.

Tuesday, July 28, 2015

Wednesday, July 8, 2015

#Greece heads towards a new deadline as the European stock markets remain volatile

Greece heads towards a new deadline as the European stock markets remain volatile

Inflection point for the IT sector

The IT sector is undergoing a fundamental change. Technology is not only changing fast it is changing so fast that even before a certain technology has been adopted by the market something else is already catching attention. It is becoming a big headache for IT services market to manage the change. They are not able to fast changing technology landscape. They are being torn apart between what customers are using and what creates buzz. What brings scale and money and what keeps them in the hype cycle.
IT product companies like SAP and oracle which gave partners in the IT services sector a good revenue over the years are changing their business model. SAP ECC which used to be the cash cow for the IT services organizations are finding it difficult to get new customers as the market is saturated and competitive. SAP themselves are making acquisition in areas where the IT services companies don’t have a clue on how to make money. They are not even sure if they should start investing money in those emerging areas as most of these new areas start their natural decline even before they mature.

Infosys is making a spate of investments in exciting areas and now looks more like a Venture Capital firm rather than an IT firm. Of course Infosys can afford it with its huge cash pile. Smaller companies are trying hard to be a part of the catch up game. IT services sector is in an inflection point and it needs to be seen how they play their cards with each company having its own unique limitation.
http://www.wikio.co.uk