Digital payments platform Paytm revamped its mobile application in an effort to change the user experience. The firn is moving from being just a digital wallet to a full stack payments provider by offering multi source and multi destination solutions.
The online payments app is reportedly eyeing exponential growth in money transfers by targeting the unorganized workforce this year. The company has also added multiple payment methods, including bank to bank transactions under its ‘Money Transfers’ option, in an attempt to overpower WhatsApp’s and Google’s payment businesses in the country.
Speaking about the redesign, Paytm’s Chief Operating Officer Kiran Vasireddy said, “We are very excited to introduce the new, revamped interface on (the) Paytm App. The new design is refreshing and has upgrades (sic) to some of the most important flows, including money transfers.” The new application already went live for Apple users on Sunday and will be available for Android devices from Monday. The company claims with a reach of seven million offline merchants, the app has achieved a billion transactions per quarter.
Along with intense competition from international players such as Google and WhatsApp, the company has further been impacted by the Reserve Bank Of India’s new Know Your Consumer (KYC) guidelines. So far, the company has offered separate money transfer options between the Paytm Payments Bank and other banks focusing mainly on peer to peer transactions on the digital wallet and peer to merchant transactions through QR codes. This revamp, however, will help position the online payments firm as a ‘super app’ by enabling large transactions such as rental payments through bank to bank transfers and offering multiple modes of payment under one option.
Kiran Vasireddy further added, “This year, we are aiming for an exponential growth in money transfer transactions by transforming payments done in the unorganized sector — this will include freelancers, tuition fee, house rent, salaries of the unorganized workforce and others into direct bank transfers using the Paytm app.”
Artificial Intelligence And How Its Being Used In Education
From sensors which are enabled with artificial intelligence (AI) to enabling automatic car parking facilities and to turning ordinary homes into smart homes, AI has penetrated into literally every major field possible. It comes as no surprise AI is used in the education field as well. Here is how AI is making the education sector a better and smarter place:
1. Automating grading
While grading in school is a simple process, grading for college level students can be quite an arduous task. Although AI doesn’t do everything a human being can when it comes to grading, AI is still reducing the amount of effort which goes into this process. EdX, a startup created as a joint collaboration between MIT and Harvard, is making this feat possible. As of today, 11 universities are working toward developing the AI based technology, which replicates humanised grading. Once the software is perfected, the reduction in the amount of time spent grading papers will help teachers focus on more important things.
2. Tailor made learning
One of the major benefits of AI being involved in education is right from kindergarten to graduate school, AI helps in increasing the amount of attention students receive. Just like OTT platforms streamlining content to suit the users’ needs, the education field is using AI to curate content based on what suits the students. By doing so, AI is helping the education system work toward helping students at all levels of intellect grow.
3. Smart content
One of the things which is working really well in the education field is the addition of smart content. With robots being able to create content which is just as grammatically correct as when humans write it, smart content is the most sought after field right now. AI is being used to create simplified content, flash cards and learning systems which help students understand the material better. Not a new concept, companies like Cram101 are using AI to condense the material into a digestible study guide and comes with study cards, questionnaires and flash cards. Already a hot favourite, this platform has improved the way students learn.
4. Virtual lectures
With AI playing such a huge role in the education field, virtual lectures are becoming more and more common everyday. In fact, virtual lectures could very soon replace actual classroom lectures. Universities like the University of Southern California (USC) Institute for Creative Technologies is already developing an AI enabled 3D gaming and animation software to create social interactions through the virtual world. AI is being used so much, augmented reality is expected to soon become a part of the classroom as well!
5. Chat Campus
More often than not, finding all the answers to your questions when in university can be quite a tricky thing. To make this a simple task, the development of the Chat Campus at the University of Deakin in Victoria is in progress. Powered by IBM’s supercomputer system, Watson, this AI enabled chat bot can answer every question college going students have. From questions about class timings, to questions about assignments, this chatbot can provide every bit of information! With a development like this, AI is quite literally simplifying the life of a student on campus.
AI is being used to improve the lives of students in leaps and bounds. If you think we missed out on any other benefits which AI has in education, comment and let us know!
WhistleDrive Think. Whistle. Move.
The world is no stranger to AI driven applications. Almost every other piece of technology features AI as a part of their specifications. From smartphone features to taking interviews, the field of technology has grown exponentially using AI applications. Almost everywhere in this busy world of technology, companies are striving to reach the top of the food chain and it is amazing to see how much of this world is left to be conquered.
From this crowd of companies exploiting AI, stands out a transportation technology company known as WhistleDrive, which offers a wide range of services including AI driven, location based applications. Founded by Rakesh Munnanooru in 2015, the Company concentrates on being a part of the location based services family. Based out of Hyderabad, WhistleDrive built a very strong infrastructure, which pilots 27 major companies and provides services to over 12,000 employees every day. To understand the environment of the business, the market and to provide custom solutions is the hallmark of this Company. WhistleDrive was able to raise a Series A funding of Rs. 5 crores from Colosseum Group in April 2018.
WhistleDrive provides automated employee transportation solution, supported by AI driven analytics and equipped with best in class location tracking. WhistleDrive has proven itself to be a customer and employee centric company. This is what sets WhistleDrive apart in the marketplace. With technology on one side, the Company concentrates a lot on its connection with its customers and employees. It would be the first company in India to introduce blockchain technology to employee transportation, which can ensure huge transparency in terms of data. By using blockchain for data authentication, the entire network involved in the transportation process can contribute and validate data is difficult to tamper. This is a huge initiative and will add a lot to the trust the customers have towards the Company.
WhistleDrive did not stop at delivering authentic and transparent data. They are also working on predictive AI. Though it’s not functional yet, it promises to eradicate a major part of logistical disadvantages. This AI function would analyze real time data like weather conditions and traffic, alert the respective teams, driving partners and customers about any changes in the schedule or delays of any sort. Security of the customers is a subject of high priority for WhisteDrive. With regard to this, the Company provides special features like number masking and SOS alerts, which adds to how safe and secure it is to travel using their vehicles and driver. Apart from that, the live tracking dashboard used by WhistleDrive provides an eagle eye real time location view of all the cabs. Expanding to cities like Bangalore and Chennai, WhistleDrive operates over 700 vehicles, providing services to MNCs like ADP, Invesco, L&T and many more.
WhistleDrive also brings an option to hire a driver to drive you around in your own car. This is one of the services that has a lot of potential in its respective market. The Company tied up with numerous pubs where people would be delighted to have someone drive them home in their own car after a party. WhistleDrive has served close to 15,000 customers with their “Driver on Demand” services.
With WhistleDrive constantly expanding in the field of AI driven technologies, there is no end to exploration. The reach of technology is higher than we can ever anticipate and this is the beauty of such developments. WhistleDrive, along with concentrating on geographical or technological expansions, also looks to use its experience in solving inefficiencies in intra city logistics, particularly in e commerce and fast moving consumer goods (FMCG) channels.
OnePlus 7 Pro – Everything You Need To Know
OnePlus is going to launch not one, but three new phones under its flagship this year. While the OnePlus 7 is expected to be one of the new phones launched, it is not going to be the endgame. The phone Company is also going to launch the OnePlus 7 Pro, a phone loaded with features. Before OnePlus makes an official announcement about the launch date on the 23rd of April, here is taking a look at what to expect from the OnePlus 7 Pro:
1. A dual curved screen
The OnePlus 7 Pro is rumoured to come with a dual curved screen, a feature which no other OnePlus phone has so far. While the Samsung Galaxy S10 and Huawei P30 Pro have a similar design, this new OnePlus 7 Pro is likely to offer a better screen to body ratio. Furthermore, the OnePlus 7 Pro will also get rid of the notch in the front and is going to come with a pop up selfie camera module.
2. The battery life
The OnePlus 7 Pro is going to come with a battery life of 4,000 mAh and 30W Warp Charging Support. However, while the charging speed is going to be faster than before, the OnePlus 7 Pro will not come with wireless charging support. Other smartphone companies are providing this feature and the fact OnePlus 7 Pro doesn’t come with this feature may be a slightly negative factor.
3. Display (Include the display specifications)
The OnePlus 7 Pro is going to come with a display which was not seen in other OnePlus phones. With a 6.7 inch display, the new OnePlus comes with Quad HD+ resolution of 3120 x 1440 pixels and an aspect ratio of 19.5:9. Furthermore, the new phone will come with an embedded fingerprint sensor. With 90Hz, the new screen is going to make the new phone super smooth and very crisp. The high refresh rate will be a blessing for those who love playing games on their phones. From switching between screens to swiping through applications, every feature is smoother and faster on the OnePlus 7 Pro.
4. 5G Network
The OnePlus 7 Pro is going to be the first in the OnePlus series to be compatible with the 5G network. Apart from this, the OnePlus 7 Pro is also going to be equipped with Qualcomm Snapdragon 855 processor and 8GB RAM. While the Company hasn’t made a lot of noise about OnePlus 7 Pro and the 5G network, this feature makes waiting for the phone all the more harder.
5. Price and availability
Because of all the features and the amount of money invested into the OnePlus 7 Pro screen, rumours are, the new OnePlus phone is going to be extremely expensive. While the OnePlus 7 Pro may be priced at a higher rate than its previous phones, it is still not as highly priced as the latest Samsung or Huawei phones.
With the launch date being announced this evening, the wait for this new phone gets harder. If you think we missed out any other specifications or features, comment and let us know!
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