According to authors, the days of journeying to a travel agency and sitting at the desk of an agent to book a trip have all but disappeared as technology is increasingly putting that level of personalised service in the palms of our hands by launching travel apps that incorporate artificial intelligence and technology .One such app is the Green Card app, that simplifies the process of getting a green card to  enter  into a foreign country, on the basis of a bot, that files out a questionnaire ,which when answered,  generates  a package of documents that can be filed with U.S. Citizenship and Immigration Services to complete the application process. This saves ample time. Another personal travel assistant Mezi,  designed for travel management companies, corporate and travel agents was launched two years ago and claims to have AI capabilities that customises travel suggestions based on past searches and online habits. Read more at https://aitrends.com/mobile/a-i-innovation-finds-a-home-on-mobile-devices/

According to authors, two of the machine learning APIs introduced by Google in the month of March, has moved forward into a new dimension i.e. open beta status. Cloud Natural Language APIs which analyses syntactically and assigns a constituent structure to the meaning of texts, helps in finding out the sentiments expressed via texts and online reviews, the syntax of the text and assists in understanding  entities like people, places, events, products, and media. New York used this techie for exploring sentiment analysis of  the stories published in The  New York Times and it was found that relevant updates about news didn’t enjoy a favourable environment, whereas, the arts stories enjoyed positive support. Read more at https://aitrends.com/business/googles-cloud-adds-machine-learning-apis/

Deep Learning(DL) is a subfield of Machine learning concerned with algorithms inspired by the structure and function of the brain called Artificial Neural Networks. It  interprets the raw data through multiple processing layers, where each of these layers, uses the output of the previous one as its input, thus  creating more abstract presentation, tackling conceptual problems ,like image classification and natural language processing  and helping to infer logically. Industries that leverage Machine Learning at present , can switch over to DL approaches in future as it’s an approach of AI , which is showing great promise when it comes to developing the autonomous, self-teaching systems which are revolutionising many industries. DL drives sales, increases engagement  and improves user experience, thus it  will be the future of Personalization, which enables a business organization to enjoy amass customer appreciation. Read more at  https://aitrends.com/deep-learning/deep-learning-personalizing-internet/

Business analytics and business intelligence are like two sides of a coin. But there is a difference between them. Business analytics is like an umbrella term and intelligence is a part of it together with other aspects of business applications. Once a person runs a business, that person will be able to understand the difference between them, that is, business intelligence is like accessing to all kinds of business related data and software's and put them into the analysis. Business analytics is something using your business intelligence into your data and optimizing the performance of the business. To have a successful business, it is important to follow both. Business intelligence is generally used to look over the previous data, whereas business analytics look to the future needs of the business. It's necessary for a businessman to understand its difference for making any business decisions or predicting for the future. Read more at: http://www.analyticbridge.com/profiles/blogs/business-analytics-and-intelligence-compared

As from the past record, Indian retail industry transformed a lot. It can cross over USS $1.3 trillion by 2020. It accounts over 10 per cent of the Indian GDP. And now as GST implementation brings over greater transparency, reduced trade barriers and improved credit. 1.) pricing and promotions: Due to GST product pricing will be affected and also companies in B2C segment will be significantly affected. GST will impact prices of goods at every stage in the supply chain and retailers will need to review their prices studies by vendors. 2.) EOSS(end of season sale): there will be difficulty in clearing the stock of last year.3.) reduced rates of apparel and  changing purchase pattern. Read more at:  http://analyticsindiamag.com/can-retail-analytics-step-game-big-box-stores-rush-embrace-gst/

So you have heard of these 2 brothers (Chetan and Rishi), but you didn’t know how they re-built the success of their family business. So Chetan did Bachelors in petrochemical engineering, & MBA . Rishi did Bachelors in Science and Business Administration. But they came to re-built their family business of manufacturing ceramic tiles, Kajaria Ceramics Limited. It was an year of 2000, IT revolution in India had just started, and Rishi started an online platform Floortoroof.com to combine the agents all over country. After their visit to China, they found out, they can easily import and sell the tiles into India, of course they have to cut off certain costs. Also to expand Chetan added partners to increase their reach to the local market. Also with introduction of SAP and IT integration, Rishi transformed day to day business. And it turns out all in favor with the highest profitability margin of over 18 percent and now it is all set to open a new plant in Rajasthan. Read more at: https://www.entrepreneur.com/article/296656

We all know Watson(IBM computer) ‘s prowess already been tested in cancer research. Watson has proven its worth in editing a thriller film trailer, composing music, providing excellent customer service. But has Watson proven its worth in the field of fashion? The fact that IBM is betting big on Watson is abundantly clear and it is now being leveraged by big fashion houses to utilize social data to better interact with customers, improve sales with highly targeted marketing campaigns and predict customer orders.  The AI-based collection, aptly titled Future of Bollywood Fashion was created by analyzing around 600,000 publicly available historical fashion runway images from the last decade. Read more at: http://analyticsindiamag.com/future-indian-fashion-ai-watson-makes-splashy-debut-indian-runway/

There are lot of challenges faced by HR, from slowed hiring to restructuring, after the layoff  from IT industry. HR has considerably lagged behind in the use of big data and analytics in India. And according to a study, only 5% of big-data investments were in made in human resources. HR analytics is critical not just from talent acquisition and management perspective, but also cost optimisation. According to Arjun Pratap Singh, “AI and analytics are the driving force behind HR technology and this will drive the new employment economy. From talent acquisition and workforce optimisation to workforce transformation, AI be the strategic enabler to HR”. Data-backed decisions lend transparency to processes such as annual reviews. In case of retrenchment, data-driven decisions lend validity to the process. It is the absence of the data that HR analytics is lagging behind. Read more at: http://analyticsindiamag.com/can-hr-analytics-solve-major-talent-challenges-times-mass-layoffs/

They are many ways of becoming a millionaire but working for someone might not be one of them. For someone with a family to support, leaving the safety of a salaried position is risky, even if it might be more lucrative down the road. If you’re set on becoming a millionaire, but you also want the security of working for someone else, here are a few options to consider.1.) Earn partner status: just look for the company that is going to turn into a partnership firm, there can be a way for you to enter. 2.) Take stock options: many companies offer stock in addition to a small salary, one can accept, as there are more chances of growth. 3.) Savings: savings is more essential than earning more money. 4.) Invest wisely: Many entrepreneurial-minded people are skilled at spotting a solid business concept and putting their money into it. 5.) Taking over business: Eventually, the business owner will retire or move on to other ventures. That could be your chance to shine. 6.) Start a side business: Once your day job ends, your side hustle should begin. With today’s technology, you don’t have to invest in a physical office and a team of employees to start a new business. Read more at: https://www.entrepreneur.com/article/296361

In today’s fast life every single one, once in a lifetime, thought of a start up. But only few do that and some of them survive. So here are some points one should consider before starting up. 1.) Do proper research: Being impulsive can be a huge mistake so first create a list of advantages and disadvantages you will face when quitting your job. 2.) Create a business plan : After doing proper research about it, one need to put it on paper, so that is something you can show to potential investors, partners, and other company stakeholders. 3.) Funding: Of course, funding is important to the company but before it one need to have his/her own personal finances in check whether it for rent, insurance or pocket expenses. One need to be stable in that before funding a company. 4.)Structure: After that one have to decide between different entities of business 5.) Network: One can take help from his network. 6.) Positivity: Be positive about what are you doing. Read more at: https://www.entrepreneur.com/article/294251

According to a report by ET , Tata Group buys a controlling stake in beleaguered national carrier Air India. Irony is, it’ll go back to same group which had built and nurtured it into one of the world’s finest airlines. Tata Sons set up Tata airlines in 1932. JRD Tata, the legendary entrepreneur, himself flew the first flight between Karachi and Mumbai.Then it became a public company and was renamed Air India. In 1953, prime minister Jawaharlal Nehru, a Fabian socialist, decided to nationalize Air India “through the back door”. Living upto Nehru’s sentiment, Air India today reels under a debt of about Rs 50,000 crore and has never made a profit in a decade, despite eating up Rs 24,000 crore of a government bailout package. Even Tatas are concerned now over its huge debt. While there is no certainty if Tatas can turn Air India around if they decide to buy a controlling stake. Read more at : http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/how-history-will-come-full-circle-if-tatas-buy-air-india/articleshow/59253577.cms

According to Chet homes only 3% of your target market is ready to buy. 7% of your target market is open to buying but not looking, 30%  of your market is comfortable with the status quo and 30% of your market believes they aren’t interested. They are focused on “trying” to hit that 3% of the market. If those leads that may or may not be part of the 3% of the market do not move forward, then you have a high cost for business growth. So, to capture the remaining 67% more opportunities one can 1.) Focus on relevance across all levels using an account based sales and marketing approach. 2.) Engage in marketing for sales alignment. 3.) Focus on breaking down the potential customer’s status quo. 4.) Don’t optimize content for social media engagement. 5.) Focus on lead validation and qualification.  Read more at: http://www.business2community.com/social-selling/get-67-revenue-opportunities-using-linkedin-not-just-leads-go-nowhere-01860895#YcRxV4RbbdiwtFWQ.97

The author, Jason Parks (CEO of The Media Captain), has brilliantly put forth the idea of generating more money through social media strategies, as according to him social media can be one of the most effective marketing tools for B2B sectors. According to the author, following are the ways to an intelligent social media strategy, B2B companies can adopt: 1) Rather than using the old ways, social media can be used to connect with the prospective clients. 2) Resorting to creative ideas to end the email, for example: ending with a massage incorporating "P.S.", 3) Adopting unique promotional strategies for dissemination of articles and targetting the right audience 4) Using the popular social media platforms to directly approach the customers by direct messaging. Read more at https://www.entrepreneur.com/article/295649

According to the author, Artificial intelligence is one of the most effective technological tools, if used properly, businesses can witness reduced requirement of human hands in performing the tasks. Using Artificial Intelligence in the following ways, business can achieve its success: 1) AI should be used smartly to mechanize all the tasks, thereby,minimising the requirement of manpower, to achieve the goals. 2) Artificial intelligence is most efficient in identifying patterns, medical sectors can be benefitted largely if they make judicious use of AI. 3) Rather than replacing the human elements from the system with AI, focus should be on increasing the use of AI and atomizing the tasks that don't require much skills. 4) Artificial intelligence should not only be used to analyze data, but also to be used creatively in other uncommon areas. Read more at http://www.tomsitpro.com/articles/using-ai-for-business,2-1144.html

Across the globe, in the banking sector, the increased exigency for sturdy laws to keep the customer's personal information secure is a result of increased involvement of Information Technology(IT) in the banking sector. In India, the following legislations have been introduced in the banking sector to protect customer's personal details: 1) As per the Credit Information Companies Act, 2005, CICs, based on the past records of the customers, determine whether they are eligible to access credit facilities, after which information are provided to the  financial institutions and have a restriction of not sharing the informations with any other party except the user, unless otherwise stated. 2) Another notion has been introduced under Insolvency and Bankruptcy code, 2016, known as Information utilities. It creates a robust data storage platform to store all the financial informations of the customer, helping the banks in lending credit to take better decisions. Despite having such strong legislations, customers often fall prey to phishers and end up sharing their personal details, which is clearly a result of lack of implementation. Read more at http://bankingfrontiers.com/data-privacy-banking-sectorstriking-balance/

Social Media, undoubtedly has major benefits when it comes to simplification of communication. It includes various platforms to connect to people, with e-mail topping the list.  In a company e-mail might be accessible to the management and the employees but not to the workers of low level. 1) To reach out to them, instead of e-mails, several other offline ways can be used. 2) Merging the social media with the offline ways for putting in better emphasis on the information, is what the company wants to share. 3) It is observed that the elderly people use social media platforms more often, instead of e-mails, in such cases, social media websites can be  used to communicate to them. 4) Resorting to creative ideas to share the contents instead of using the same old methods to grab more attention. Read more at http://www.govtech.com/govgirl/4-Ways-HR-and-Other-Departments-Can-Use-Social-Media.html

HR is no longer limited to performance appraisals, resolving the feuds and ensuring the payments are received on time, rather now, the role of HR has become way more diversified and complex. According to the author, following are the views expressed by the HR experts on providing the best Human Capital Management: 1) Instead of focusing on the best performers and new recruitments, every employee's talent should be encouraged towards betterment. 2) Keeping in mind the personality of an employee while interacting with him. 3) Identifying and choosing the right technology for the management of employee data. 4) When it comes to communication, it should be straightforward without letting the morale of employees down. 5) Being updated with the changing environment and trends. Read more at http://www.drakehub.com/knowledge-hub/2017/6/hr-evolves-into-human-capital-management/

Nowadays, fraudulent banking transactions are being reported by a large number of customers, but as per RBI's  revised directions on ‘Customer Protection – Limiting Liability of Customers in Unauthorized Electronic Banking Transactions,' customers suffering any loss due to a third party fraud or unauthorized transaction caused due to fraud or negligence on bank's part will be solely borne by the bank, if it is reported within three working days and the entire amount will be credited to the customer's account within ten working days. However, if any loss is caused due to customer's fault or negligence, bank will not be liable to return any money. Read more at http://www.financialexpress.com/industry/banking-finance/customers-should-report-fraud-in-3-days-to-avoid-losses-says-rbi/752493/

According to the author, those firms which have incorporated lean six sigma in their businesses, are growing by leaps and bounds. Following are the strategic process improvement trends in the top-notch firms, extracted by the author: 1) Creating the best process practices for future, rather than absorbing the best practices from other firms. 2) Introducing the new technologies in the firm for the convenience of the clients. 3) Adapting to the changing technology and artificial intelligence and being updated about the frequent changes. 4) Eliminating the complexities and switching to simple, hassle-free and practical ways, by embracing lean six sigma. Read more at http://www.boomer.com/single-post/2017/05/18/5-Process-Improvement-Strategy-Trends-of-Future-Ready-Firms

According to the authors, data and analytics should be the backbone of every area of organisation, and in order to build a strong D&A function, it is required to take help of organisational people and other components. In order to  meet the business goals, it is important to adopt a strategic measure to initiate the data analysis which can be done by a team of skillful data and software engineers, who can be amalgamated with the existing users and providers of D&A and can work cohesively with the non-D&A fellow colleagues, to work towards achieving the goals in a more realistic way. According to KPMG’s 2016 CIO Survey, data analytics is the most sought-after technology skill which should be utilised to its best. Read more at https://hbr.org/2017/06/how-to-integrate-data-and-analytics-into-every-part-of-your-organization