Technology has evolved over time and today the world is a better place because of it. But the evolution of technology is a continuous process which keeps upgrading constantly, much like a company. Therefore it becomes essential for a company to keep up with the times and the technology. Here are some of the top tech trends one must keep up with, in order to stay afloat in the business world.
1. Security and Firewalls
One of the most constantly upgraded technologies in a company is the firewall and the anti virus system. Especially in a time where hacking and leaking of data have become so rampant, upgrading the security and the firewall of the company has to be the top priority. It’s not just a simple Trojan or Worm virus that affects computer systems anymore. Ransomware can stop production of a company within seconds as generally all the computers in a company are connected to each other through a mainframe. The most important tech trend any company needs to keep up with is the security and firewall upgrades to keep company secrets safe.
2. Machine Learning
One of the most famous tech trend this year has been the ability of machines to learn on the go. Machine learning is the process where devices predict and suggest different options to users based on their previous searches and habits. These computer programs teach themselves to evolve and grow when exposed to new data by processing large scale data sets to predict customer behavior and provide personalized promotions or recommendations to consumers. Machine learning has been termed as the process of working smarter and not harder.
3. Virtual and Wearable Technology
The recent launch of headsets by multiple companies has brought the use of virtual reality to the forefront. Advertising, tourism, healthcare and gaming, among others can make use of this technology to its fullest capabilities. Virtual Reality is a computer generated simulation of three dimensional images and environments that can be interacted with, in a seemingly real or physical way by a person using special electronic equipment. This equipment can be anything such as a helmet with a screen inside or gloves fitted with sensors. The dawn of wearable technology has also changed the way people interact with the world around them. Wearable technology does not just keep track of the heart rate and pulse anymore but can also be used for searches, calls and social media, thereby changing the way search engine optimization works. They can be used to build interactive content that seamlessly blends real world experiences with digital data.
4. Mobile Data Analytics
Analytics no longer refer to long hours spent collecting information and comparing them with statistics. Analytical data for any website or app can be developed online using various tools. Mobile data analytics provides the users the ability to keep track of developments on the move without having to stay put in one location for a stretch. This technology helps in structuring and analyzing data to derive better and actionable insights in customer acquisition, market forecasting, inventory management, cost optimization, etc. Properly used data gathering and processing systems can help in audience development, targeted advertising and marketing.
5. Cloud Computing
While a lot of people know the ‘cloud’ exists, not many are aware of the multiple ways it can be used. It essentially is a means to store data and provides a centralized database that can be accessed through any Internet enabled device. But this technology can also be used to improve products, services and internal communication. Cloud computing provides companies with the ability for the entire organization to be in constant contact with one another. These cloud and service based models are taking the place of traditional ownership models and onsite infrastructure.
Is your company up to date with all the technology trends? Let us know in the comments below or you can also write to us at [email protected]
Top Ten Most Used Apps During The COVID-19 Lockdown
2020 would go down as an unusual year in this century as no one would have predicted the amount of change which would happen in such a short amount of time. While the year began normally like any other in the past, things began to go haywire when news about a new virus without a cure, began afflicting people in the Wuhan province in China. While the rest of the world thought the virus was an isolated incident, little did anyone guess the same virus would go on to cripple the world economy and medical infrastructure.
As governments across the world tried to race against time in a desperate effort to check the spread of the COVID-19 virus and declared nationwide lockdowns and curfews, consumer interests and dynamics underwent a drastic change. The lockdowns meant the crippling of various industries like transportation (Uber, Grab,) events industry (parties/music events,) hospitality (tourism) and logistics (airlines, hotels) to name a few. The people had to make do with what they had available in hand at their homes which is a smartphone, television, computer and an internet connection.
Social media platforms, fitness applications, gaming applications, video conferencing applications, news applications and grocery delivery applications saw a drastic increase in the downloads as well as usage. In this article we bring to you the top ten most used applications during the lockdown period. This list is compiled in no particular order and we also understand the list might not apply to everyone.
TikTok ended up being a favourite pastime for millions of Indians as well as other nationalities. The viral app allows users to create short videos which can be shared across multiple platforms. Following the lockdowns Indians were at their creative best on TikTok till the viral app was banned by the government citing data security concerns.
When the entire country was in lockdown it meant, workplaces and offices were closed. So how did organisations adapt to this change? They conducted meetings both internal and external on the video conferencing app called Zoom. The video conferencing was so widely used worldwide that its stock price grew by a whopping 170% by June 2020.
The fun app is a social networking application which lets users gather around in a virtual conference call in order to socialise. Houseparty had over 10 million downloads on Google Play Store and even more on Apple Store (Apple would not divulge the exact number.) Houseparty is currently the third most downloaded app on the iOS app store in the United States, behind Zoom and TikTok, and comes top in the United Kingdom during the lockdown.
4) Aarogya Setu
Aarogya Setu was an app designed by the Indian government to trace the COVID-19 virus and to analyse the spread of the virus. The app reached more than 100 million installs in 40 days since Prime Minister Narendra Modi made it mandatory for it to be installed on smartphones of Indians. The app also provided useful information about nearby hospitals, quarantine protocols and nearby COVID clusters and hotspots.
The social networking application saw its screen time jump by almost an hour on average. Before the lockdown an individual used to spend on an average of 150 minutes on Instagram and Facebook. However, after one month of lockdown this jumped to 280 minutes a day according to a survey done by Business Today.
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Twitter, although a social media platform, is quite useful to learn about the latest news. Anything latest happening can be first found on Twitter and a quick hashtag will direct a user to the news. This was the reason why Twitter saw a lot of usage as people all over the world tried to stay on top of how the world is coping with the COVID-19 pandemic.
PUBG was India’s most loved game during the lockdown. PUBG was played by a whopping twenty two lakh people in the month of June 2020 according to Hindustan Times. The battle royale game was enjoying a great run before the Indian Government banned it citing data security concerns. The game developers have since then opened a new corporate office in India as well as data centers and will re enter the Indian market again.
Whatsapp is probably the most widely used texting platform in the world. Data from insights and consulting firm Kantar revealed a 40% increase in usage that grew from an initial 27% bump in the earlier days of the pandemic to 41% in the mid phase.
Netflix usually enjoys a lot of screen time as people tune in to watch their favourite shows to while away their time. However, with the lockdown, people ended up being cooped up at homes and ended up binge watching a lot of content. According to a pan India study conducted by Velocity MR, Netflix saw a 65% rise in subscriptions.
10) Amazon Prime Video
Amazon Prime Video is a part of the Amazon Prime package which gives customers access to a ton of content and is also the biggest competitor to Netflix. According to a pan India study conducted by Velocity MR, Netflix saw a 67% rise in subscriptions.
Let us know if we missed out on any other applications which you think should be included in this list in the comments below!
5 Best HR Softwares for Startups And Small Businesses
Human resources are the personnel of a startup or small business and make up for one of most valuable assets for any organisation. Additionally startups often have a dedicated vertical or function which looks after human resources and various other functionalities which come with it like payroll, compliance, hiring, grievances and many more. Over the years, human resources has evolved from just one aspect of hiring to covering a broad spectrum of functions like learning and development, improving productivity and culture in an organisation. Therefore. human resources can become tedious with a lot of manual work involved in payrolls, interview scheduling, leaves and grievance management and therefore tend to take a lot of valuable time which could be used elsewhere. Therefore automating these processes can free up time as well as streamline the entire processes.
This is where a Human Resource Management System (HRMS) comes into play. HRMS refers to a platform which helps the HR department in planning, organising and controlling the workforce, recruitment, staffing, payroll, announcements, policy changes as well as functioning as a repository of important human resources information.
We have compiled a list of five best HRMS softwares for startups and small businesses. Read more to find out about them.
Gusto HRMS offers customised services for each business. The HRMS platforms handles payroll, insurance, onboarding, employee finance tools and time tracking. Gusto is not just any simple HRMS tool, and what sets them apart is their financial advisors which let startups plan their insurances and taxes according to the budget they have in mind as well as a handy service which lets employees manage their finances better.
Namely is a HRMS provider who prides itself on being able to cater extensively to medium sized businesses by streamlining their HR processes. Namely believes in enabling startups and mid sized businesses to make data driven decisions in all aspects of their HR functions. Namely can cater to organisations who have employees from the range to fifty to a thousand.
3) Zoho People
Zoho People is an online Human Resource Management System designed to manage and access all your employee data from a centralized location. Zoho People does not need a separate software which needs to be installed and instead operates from the cloud. Zoho People provides modules for Employee self service, leave management, timesheets, attendance management and HR automation to name a few. Zoho People even offers a thirty day free trial in order to convince startups on their HRMS tool.
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4) Bamboo HR
BambooHR is designed with small and medium sized businesses in mind. This HRMS tool offers modules for onboarding, hiring, compensation and a special module for culture. The culture module provides a new approach to performance management and the latest tools for measuring engagement and driving organisational behaviour. Bamboo HR also provides a free trial for startups and offers pricing depending on the size of an organisation.
Zenefits simplifies the process of curating, and providing great benefits to employees from comprehensive healthcare plans to useful perks like commuter benefits. Zenefits also provides a fourteen day free trial for startups with most of its features available in order to convince the organisation to opt for their HRMS.
This concludes the list of Best HRMS platforms available in the market for startups and medium sized businesses. Let us know if you are already using any of these HRMS tools or plan on using them in the future in the comments below.
8 Best Free CRM Solutions For Startups
A startup has to face many hurdles in the beginning due to bootstrapping, scalability and identifying market needs and fit for their product or service. Normally a startup has very little manpower in order to reduce their burnout rate (tracking the amount of monthly cash that a company spends before it starts generating its own income.) This means every member should don multiple hats and oversee multiple responsibilities. A good startup and its founders would make the wise decision to find processes which need automating and will make the shift so as to give them room to employ skills elsewhere. For example, if a startup relies on high volume sales from a regular customer, it makes sense to automate the process of invoicing and sales. Payroll and attendance can be linked and automated on a common dashboard. This is where customer relationship management (CRM) comes into the picture. To a layman, CRM is a tool or a strategy which helps businesses organise or strategically manage their customer data. Data was previously stored in databases on single computers but with the advent of the internet, digital marketing and cloud computing, accessing data has never been easier, thereby making life easier for startups.
A CRM platform or a tool in the current era is a software which connects different departments from front office to back office and organises notes/data, metrics, analytics into one smooth and cohesive ecosystem. Every user has direct access to real time client and internal data which lets startups add a personalized approach to clients. For example if a startup has recurring monthly salessale from an individual customer, the tool can generate an invoice monthly as well as allowing the freedom to include a gift on special occasions for recurring customers.
In this article we give a list of 8 best and free CRM solutions for startups looking to scale up.
Hubspot is a CRM tool which offers complete toolkits and integrations which lets startups increase leads, accelerate sales and streamline customer services. They have a CRM offering for sales, marketing, services and content management which lets startups choose what works best for them.
2) Zoho CRM
Zoho CRM tool lets startups customize their requirements to suit specific needs. The CRM is designed for individual functions like process management, sales automation, marketing automation, predictive sales and many more letting the startups choose the best tool for their organisation. The CRM tool can be used by startups from any kind of industry and is used by some of the world’s largest organisations like Amazon and Ola.
Insightly prides itself on being the best CRM tool for startups which rely on G Suite and Microsoft Office 365. Insightly provides CRM software for businesses of all sizes across a range of industries such as manufacturing, consulting, professional services, media and advertising, non profit, technology and others.
Flowlu offers CRM solutions for businesses by providing essential tools for efficient business management from projects to sales and marketing. Instead of having a different program for lead generation, accounting, and human resources, Flowlu puts everything on the cloud.The CRM also offers tools for financial management.
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Freshworks or Freshsales as it iswas formerly known, is a CRM provider with powerful integrations. Startups would benefit from this CRM as they have a free offering and also by providing the option to upgrade the services. This option shows the kind of trust Freshworks has in its CRM platform.
6) Really Simple Systems
Really Simple Systems makes CRM software targeted at small businesses which follow a business to business (B2B) model. Their free offering is aimed at startups looking to manage and track their leads and customers. What is even better is this feature is free for startups forever.
7) Agile CRM
Agile’s free CRM is targeted at small and medium sized startups and is free for the first ten users. The CRM offers tools for increasing sales and for automating marketing.
8) Suite CRM
Suite CRM offers unlimited users in its free version for thirty days allowing startups to have ample time to think onabout the CRM tool. Following the thirty day free trial startups can make a purchase from three plans which will suit their business needs perfectly.
This concludes the list of free CRM tools which are currently the best available in the markets for startups. Let us know if you are already using any of these CRM tools or plan on using them in the future in the comments below.
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