The Not So Random Blog

A Platform business is a business model (not a technology infrastructure) that focuses on helping to facilitate interactions across a large number of participants. These interactions could take the form of short-term transactions like connecting buyers and sellers or they could involve formation of longer-term social relationships, longer-term collaboration to achieve a shared outcome or sustained efforts to accelerate performance improvement of participants by helping them to learn faster together. The role of the platform business is to provide a governance structure and a set of standards and protocols that facilitate interactions at scale so that network effects can be unleashed. Aggregation platforms bring together a broad array of relevant resources and help users to connect with the most appropriate resources. These platforms tend to be very transaction- or task-focused: Express a need, get a response, do the deal, and move on. Marketplace and broker platforms like eBay and Etsy

In the 1950s in the hospitality industry, computer technology was introduced. It has since expanded and revolutionized significantly. Technology is now part of our lives in modern times. Everything is readily accessed 24/7 in the palm of our hands using Internet access from computers and mobiles to other handheld devices. We are fitted with a technical tool or software for all hospitality activities, such as reservation systems, surveillance cameras, sales points, property management systems, mobile communication, energy management systems, key card encoders, etc The use of these tools in the workplace has changed our way of doing business and saves time and money by avoiding certain time-consuming activities. New technical developments currently in use in some hotels are as follows: 1. The Do-It-All Remote (Room Personalization): This allows guests to dim or turn on / off lights, room temperature control, open/close shutters, order room service, trigger signage not interrupted, wake-u

The world is now focused on the COVID-19 epidemic and the pandemic will certainly change the world as we know it. With the globalized world entering a partial or full shutdown, the potential effect on human life, economic development, and industries are unmeasurable, both in the short and long term, due to the uncertainty as things evolve. To examine the effect on the hospitality industry of the COVID-19, HVS has published a comprehensive study on how to solve this issue and to be healthy after the virus has been contained. Although most economists and analysts currently expect a recovery in the global economy, the exact timeframe cannot be determined by any calculation during the latter part of 2020 until the virus is present globally. Source: IMF, RaboResearch, MacrobondS The Indian hotel sector has been hit hard by very few potential reservations, coping with significantly low demand. All transitory demand effectively vanished – the remainder mainly because the government prescribed

      The Impact of FMCG Industry in India  -By Richa Christopher Fast Consumer Goods (FMCG), also known as Consolidated Consumer Goods (CPG) are products with immediate profitability and very low cost. Consumers often put less thought into buying FMCG than they do for other products. The Indian FMCG industry saw a dramatic change during the 1990's. Many players have been facing serious problems due to increased competition for junior and regional players and slow growth at all stages of their production. As a result, many companies were forced to revamp their product, marketing, distribution and customer strategies to strengthen their position in the market. By the end of the 20th century, the face of the Indian FMCG industry had changed dramatically. With the ease and growth of the economy, the Indian customer saw the growing availability of new domestic and international products through various media outlets, such as television and the Internet. Apart from this, social changes

View from India: India, still a hot market for smartphones -By Richa Christopher  Global mobile handset manufacturers are strengthening their position in India, with the existing mobile community of users joined by tier city-rural consumers . Both factors have given a unique identity to the Indian mobile telecom landscape. Mobile adoption in India is cutting across all demographics, making the country a mobile-first market. Pocket-friendly smartphones that cost less than Rs 5,000 have urged people from tier cities or rural belts to be part of India’s digital connectivity journey. Major telecom companies such as Bharti Airtel, Vodafone Idea and Reliance Jio have come up with interesting packages to gain market share in tier cities and rural segments. Thereby, the mobile is bringing the last-mile user into the digital fold. People who haven’t used a computer or even seen a computing device are using the mobile to fulfil many purposes, from making payments to learning online. The mobile h

  Impact of Technology on Color Cosmetics Industry -by Tanya Agarwal The color cosmetic industry is wide considering its makeup range from lipstick, eyeliner to highlighter. Various people have different skin color and texture and make it very important for them to take keen consideration of different factors before choosing a product for themselves. Trying different and new techniques of various brands makes it fun as they try to experiment with their looks. However, they need to know the product before applying it to their skins. The increase in online shopping has changed the way consumers buy, from gadgets, clothes, and groceries but, when it comes to cosmetics, online shopping is still at its bay. This is due to the fact that consumers want the same ‘real-life’ experience online as they do in-store. They wish to know how the product will look on them in order to make a decision. As the statistics suggest, 87% of people are expected to be shopping online and 45% through mobile ap

  Readiness of Medical Device industry  for engaging with Bottom of the Pyramid Market -By Tanya Agarwal Add caption Bottom of the pyramid is a concept which has been around for a while now. The term was first used by the U.S president Franklin Roosevelt in his radio address, ‘The Forgotten Man’, where he talked about how poor people are often overlooked just because they live at the bottom of the economic pyramid. The base of the pyramid or bottom of the pyramid is a term used by the economist to refer the poorest two-thirds of the economic pyramid, a group of more than four billion people earning less than USD2 per day.  BoP gained momentum when management scholar C K Prahalad and Stuart Hart came up with their groundbreaking article, ‘The Fortune at the Bottom of the Pyramid’, in Stratergy+Business magazine, (later converted into a book with series of case studies), where they argued that the world’s poorest population are a vast, rapidly growing and untapped market and the com

  IMPACT OF COVID-19 ON MEDICAL DEVICE INDUSTRY  -By Tanya Agarwal China reported its first case of COVID-19 on December 8, 2019, in the city of Wuhan subsequently first case outside of china was reported on January 13, 2020, in Thailand and from there was no stopping of the widespread of the novel coronavirus. On the 11 th of March, WHO announced COVID-19 as a global pandemic due to expeditious increase in the number of cases outside China. As of late April, over 26,65,000 confirmed cases have been recorded worldwide with 1,845,450 deaths.   It has affected almost 210 Countries and territories all over the world, triggering a nationwide lockdown. Economies and human lives around the world are impacted, some of the strongest economies like the USA, Italy, France, UK, Japan and many more are struggling to cope up with the situation in the wake of unrivalled negative demand shock and lockdown of all economic activities across the county to limit the spread of COVID-19. The pandemi

  HOW TECHNOLOGY IS IMPACTING THE MEDICAL DEVICE INDUSTRY -By Tanya Agarwal Me dical devices and equipment are an important part of the healthcare delivery system. Medical devices are defined as any instrument, apparatus, appliance, implants, or any article which can be used alone or in combination or with any software for humans as well as animals for a specific purpose which usually cannot be achieved through pharmacological, immunological or metabolic means. It’s essential for accurate and timely diagnosis, safe and effective prevention, and high-quality treatment and rehabilitation. There has been a dramatic shift from infectious diseases to noncommunicable diseases across the world, killing approximately one million people each year accounting for 71% of total deaths globally. Out of which four major diseases- cardiovascular diseases, respiratory diseases, cancer, and diabetes accounts for 80% of all premature non-communicable disease deaths. Thus this calls for Continuous inn