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

Five of the 10 most valuable companies in the world today derive much of their worth from their multi-sided platforms. Many MSPs are more valuable than companies in the same industries that provide only products or services. However, companies that weren’t born as platform businesses rarely realize that they can turn their offerings into one. And even if they do realize it, they often wander in the dark searching for a strategy to achieve this transformation. In this article, four specific ways in which products and services can be turned into platforms and examine the strategic advantages and pitfalls of each are laid out: (1) opening the door to third parties; (2) connecting customers; (3) connecting products to connect customers; and (4) becoming a supplier to a multi-sided platform. Read more at: https://hbr.org/2017/07/finding-the-platform-in-your-product

The computing power is growing by each day. Technological Singularity describes the transformation that could be noticed because of an intersection between humans, technology, and artificial intelligence. This concept has been modified over the years and has been a subject to research. Theories suggest that technologies will take over the humans. This is an era where human intelligence will become increasingly non-biological. Post singularity improvements are predicted and changes are expected to introduce machine speed and intelligence. Post human literally means humans and technology will become interlinked. In the upcoming years, humans will completely expand the capacity for intelligence of the civilization. Read more at: http://analyticsindiamag.com/technological-singularity-can-achieve/

One of the most emerging trends in IT companies is the shift from traditional waterfall to Agile. Agile is dynamic and provides better results, but it does possess some limitations and challenges. Many organizations work on legacy systems where there are a lot of dependent systems that are operating under waterfall model. There is a need to find a way to support the client's demands for a major marketing push and enhancements within the given limitations. Read the complete article here: https://www.scrumalliance.org/community/articles/2016/march/rome-wasnt-built-in-a-day

Going digital has its own advantages. Along with flexibility, adaptability it allows for transparency and openness. With increasing openness and transparency, customers get to know the whole truth which helps them to trust better. Lack of trust is prominent among leading societies and economies nowadays and it has impacted them. Customers trust what they use and this is the whole point of digital transformation. It has its own culture that empowers us with digital tools to know more about the customers. Its span includes the big data surge. With more information on customers focus has been shifted to the effective use of these data. Again, while collecting personal data from customers there is often a lack of trust which hinders the whole process. To know more, please follow: http://www.cmswire.com/digital-experience/digital-change-is-cultural-change/