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Usage of AI in monetization of Data

The economic value of data for companies is challenging to conceptualize and measure directly. Companies can monetize by improving customer experiences, reducing costs, finding new customers and so much more from the data that is produced directly or indirectly using big data analytics and AI. Many B2B  businesses understand that data monetization using AI and data analytics can create higher returns on investment and streamlined operations.    The potential for data to deliver value for many parts of the business is enormous. For Data monetization, following five rules are necessary to follow: 1. Understand the role and value of Data in business - Good data management is about making sure you have the proper data to support your business and improve performance. Often companies fail to accurately value their data because it is not strictly accounted for as an asset even though it has real worth in external markets. 2. Get Data house in order - Before thinking about monet...

Durand line and Afghan conflict

Durand line (a 2640 Kms. border ) was originally established in 1893 as the international border between British India and the Emirate of Afghanistan by Sir Henry Mortimer Durand, a British diplomat of Indian Civil Service, and Abdur Rahman Khan, the Afghan Emir, to fix the limit of their respective spheres of influence and improve diplomatic relations. He was sent to secure control of strategic Khyber pass, negotiate agreement to delineate the border between Afghanistan and British India.      The new border, dubbed the Durand line, divided the Pashtun tribal lands into two. Half of the Pashtun tribal region became part of British India, and the other half remained as part of Afghanistan. Afghanistan governs all the Pashtuns on one side of Durand line, while Pakistan governs all the Pashtuns on the other. Officials who drew the Durand line didn't consider the ethnic groups who lived in the region, today there are many battles along the border between Afghanistan and Paki...

The Secret of Creativity

Creativity is inventing, experimenting, growing, taking risks, breaking rules, making mistakes and having fun. Without creativity, there would be no progress, and we would be repeating the same patterns forever.     The secret of creativity thinking is to start with good problems. Then you need to turn those problems into thought provoking challenges. After that, great ideas will also invent themselves.  Almost every creative idea is a potential solution to the problem. The secret of creativity is knowing how to hide your sources.  Creativity is no longer seen as what artists and musicians process.  It's a crucial skill for professionals in all fields. Boosting the creative thinking can help, by shifting perspective on what researchers know, which can ultimately point to novel problems to focus on. But first, researchers need to acknowledge their creative potential and engage in activities that can help them fulfill their potential.  While creativity i...

Implementation and Evaluation of Public Policy

Policy implementation is of keen importance to the success of government. Even if the political system is fair, goals are noble and organizational structure is strong, no policy can succeed if the implementation part is not up to the mark. The implementation of government policies and programs is now playing a vital role in the development strategy. Measured by economic growth or attainment of human development objectives, India remains not only an underdeveloped country but one which is regarded as under-performer, which could do better.         Announcements of policy decisions, be it for industry or otherwise, cannot be allowed to go up in thin air after the political purpose is served, and must be notified by the governments within a reasonable time frame. Representations by public authorities need to be held scrupulous standards since citizens continue to live their lives based on the trust they repose in the state. The generation of a business-friendly cli...

Role of Opposition in Democracy

 A parliament is by its nature not a monolithic and homogeneous institution, but a representative assembly, where the basic idea is that different ideas and interests should be represented, and where there is differences of opinion, and always a distinction between the majority and one or more opposing minorities. In modern Parliaments this is organised along political party lines, with the basic distinction running between the governing party (or parties) and the opposition parties that are represented in parliament. 'Freedom dies when criticism ends' the quote sufficiently highlights the role of criticism in a democratic setup to sustain liberty in a democracy. A democracy without opposition is dangerous for the society as a whole thus attributes a significant role for effective and efficient functioning in any democracy. There is no uniform pattern of opposition that can be seen in democracies worldwide which leads to difference in opposition behavior across the world. ...

Mature political discussions needed

Over the past several years, political talk has become extremely heated. There was a time when polite people weren't supposed to discuss in social settings, politics and religion, but today, that seems a tad too strict. In almost every discussions on media now a days, discussions/arguments change pace to " Head I win and Tail you lose" approach among the delegates from different political circuits with the host playing role of filling the gaps.          We live in an age in which it's very difficult to avoid conversations about politics, because nearly everything has become political. A difference in politics can cause arguments that ends friendships, marriages, even business relationships. I'm not so naive as to believe that conversations can solve the world's problems, but I can say with confidence that not having those conversations will make those problems significantly worse. So, we must begin to talk and have conversations to eventually reach a compromis...

Money saved is money earned

This famous idiom came from the popular Benjamin Franklin's book Poor Richard's Almanac in December 1732. The original meaning signifies importance of saving money which later proves to be beneficial to the earner. For as long as money has existed, people have had thoughts and opinions about it. Money is the fuel that powers the material life on this planet. The reason for the concept is described below: 1. Wise to save money by keeping aside a proportion of the earnings that indicates       earning money. 2.  Formulates the financial benefits of savings and earnings. 3.  Reflects a concept of budgeting money which economically balances income             and savings. 4.  Saving money from certain earning gradually can accumulate to a good                    amount thus equalizing a monthly earning. 5.  Saved money can be a retirement benefit which is an earning a...

You don't know that you don't know

Artificial intelligence experts are now teaching computers to come up with better questions, because humans aren't as good as we think at identifying the gaps in our knowledge. In other words, you don't know what you don't know. In fact, you will never know what you don't know. There will always be gaps in your knowledge, places where you are completely clueless as to your ignorance.  I believe that learning is stronger than knowledge, that perception is more potent than reality, that vision is more powerful than reality. I see learning taking place at three separate levels -  - What we know what we know.  - What we know what we don't know. - What we don't know we don't know. These three levels of learning, in our leadership fit together to create knowledge, perception and vision. As leaders, we struggle with the same challenges, doubts, frustrations and setbacks as everyone else. But it's important that we seek out opportunities and circumstances that g...

Future of Democracy in Post Pandemic Era

Democracy, understood as electoral democracy based on representation, was not at its strongest when the Covid-19 pandemic hit. It is widely held that during crisis people "rally round the flag", that is, elected leaders gain more popular support than they had under normal circumstances. Two explanations offered for this situation are - people gather around the nation's front figures as they look for security to face the threat. Second, the relative silence of political opposition and reduced partisan animosity creates a fundamental change in the information landscape, leading the public to follow the example. The year 2020 will forever be the year of Coronavirus, a cataclysmic event in slow motion that has disrupted people's lives and disseminated a sense of uncertainty and vulnerability only to times of war. The Covid -19 pandemic has called into question many aspects of electoral and political life beyond the act of voting. Campaigns and conventions have been forced...

Pegasus Spyware - How It Functions

The company who made this package was founded in 2010 by Niv Carmi, Shalev Hulio and Omri Lavie -their first alphabet used to make NSO - a subsidiary of Q Cyber Technologies. This is the name, NSO group uses in Israel. This group licences its products only to Government intelligence and law enforcement agencies for the sole purpose of preventing and investigating terror and serious crime.  Their vetting process goes beyond legal and regulatory requirements to ensure the lawful use of technology as designed.Their Governance, Risk and compliance committee reviews potential sales of NSO products. The committee is empowered to reject sales or request investigations into potential misuse Pegasus can snoop Whats App, Skype, Viber, and Black Berry messenger. It can secretly click photos, record calls, record surrounding audio, and take screenshots without alerting the user. Once the mission is over, the Operator can hit the kill switch remotely to self-delete the Pegasus agent on the vict...

Opportunity Knocks Once For All

When opportunity knocks a chance of success occurs. We must admit that in the middle of every difficulty lies an opportunity.Success is sure to the sincere seeker.   There is a difference between successful people and others. Successful people make the most of every opportunity that comes their way and create opportunities where there are none. Others meanwhile kept waiting for next opportunity and make a mess of it when it comes. Opportunities are not magic wands, one wave of which will leapfrog us to the pinnacle of success. They are actually chances that we create for ourselves after years and years of hard work and perseverance.  Opportunities are a culmination of sacrifices that we make to achieve our goals, possibilities we create for ourselves which gives us the best chance to succeed. As the saying goes "Life is not served on a silver platter", it is those small windows of opportunities, we need to keep an eye on and exploit as soon as we see an opening.  In ...

Your Karma will give you results

Karma is the entire process of cause-and-effect where our actions and intentions directly influence our future. It is the memory of our souls, which means it's often long lasting, even stemming from past lives. Indeed, the course of our current life is mostly predetermined by earlier lifetimes: what we didn't finish then, we come back to finish now. Unpleasant situations are the consequences of lingering karma, which can be always be reversed and resolved. If you want to erase the energy carried over from past lifetimes, you need to acknowledge following five past life karma first - 1. Karma has no expiration date - It is the luggage your life carries on from life to life unlike luggage at the airport which never gets lost. Without even knowing it, you may be experiencing karma that originated several lifetimes ago. But when you do dig through your karmic suitcase then you can confront your outstanding karma and lighten your energetic load. 2. Karma means no person in your life...

Leadership Comes With Great Responsibility

In a leadership role, person is pushed to become a good role model, make decisions, be fair and reliable and to have integrity. One of the most important qualities is to have commitment. Facing high pressure, complex circumstances, opportunity deadlines, too much, too little, or conflicting information is the reality of being a leader.  If you expect your team to work hard to attain success, you have to lead by setting an example. By proving your commitment to the overall goals and to your own role, you will not only earn the respect and admiration of your team, but you will also encourage same hardworking energy among your staff. Good leaders develop through a never ending process of self study, education, training and experience.                 Responsibility is the state or certainty of having an obligation to manage something or of having power over somebody. Duty is something each individual is to develop themselves, it should turn...

Artificial Intelligence in Stock Trading

Artificial Intelligence (AI) plays a significant role in every individual's life. Starting our day, many of us use mobile phones which use AI to make it more user friendly. Similarly, while humans remain a big part of trading equation, AI plays an increasingly significant role. In the past, it was observed that the usage of portfolios of traders increasing drastically and everyone can earn profits. It was seen that reason behind this is the usage of artificial intelligence in trading.   AI is shaping the future of stock trading. Using AI Robo - advisors  analyze millions of data points and execute trades at the optimal price, analysts forecasts markets with greater accuracy and trading firms efficiently mitigate risk to provide for higher returns.  Since we know that AI trading yields profits, let us understand the following steps to yield profit:-  1. Formation of patterns - With the help of AI, one can analyze data points that are present fast and accurately. ...

Revival of Economy - Need of the Hour

Various Epidemics, Wars, Pandemics and Natural disasters have challenged the human race before and they keep coming, testing our ability to survive. At present, the fear factor due to recurrent virus waves has pushed consumer confidence to rock bottom level. Uncertainty over the durability of the growth recovery is holding back both business and financial sector from taking any long term decisions.  The sharp drop in the virus cases due to vaccinations and exercising other controls has enabled the states for a gradual reopening of their economy. Global growth is much stronger today, since the world was in a synchronized slowdown during the first wave. As we move towards in the coming months, policy priorities should continue to be in line with these economic needs. Until the economy fully reopens, targeted support for survival is still essential for households and sectors/classes worst affected by the intermittent lock downs. A more durable growth recovery still requires a serious ...

Salt Salary Myth

The word 'Salary' can be traced to ancient Rome and history of salt. Salt was used as a trading medium just as money is used today. Ancient Roman warriors who served the empire received payment as a handful of salt each day. Their monthly allowance was called "Salarium" (salt being the latin word of salt). the Latin root can be recognized in the French word "Salaire" - and eventually made it into the English language as the word "Salary".  Salt is essential to the survival of humans. As a result, ancient civilizations and communities started to settle down beside rivers and water bodies from where they could get salt, or in locations where could easily trade for salt. When Rome was growing into one of the greatest empires of the world, roads were being made for the easy transportation of salt. All through the middle ages, Roman empire transported salt via these roads to the Germanic tribes. Huge caravans as many as 40,000 camels crossed 400 miles o...

Manage Poverty level in the country

Eradication of poverty remains a major challenge of planned economic development. Poverty is a complex, multifaceted condition, with contributing factors that include lack of education, low wages, family composition, job availability and others. There are two major types of poverty - 1. Absolute poverty - when people have insufficient income to afford the necessities of life such as food, rent and clothing. 2. Relative poverty - when people have significantly less income than the average income for society.  Some policies such as promoting economic growth may be successful in reducing absolute poverty but less successful in relative poverty.  With flat incomes and inequality stuck at historically high levels, one might assume that chronic economic insecurity and an out of equilibrium, not straight level / aligned proper economy, are the new normal and that nothing can be done to fix it. But they are the direct result of policy choices that put wealth and income in the hands of...

Silver lining - Pills to treat Covid 19

New pills to treat patients with Covid 19 are currently in midstage clinical trials, and, if successful, could be ready by the end of the year. An oral drug like the one Pfizer is developing could be taken at home which could be a game changer and might keep people out of the hospital. As per the company, oral drug would work by blocking Protease - a critical enzyme that the virus needs to replicate. Protease is a enzyme that breaks down Protein. Coronavirus vaccine, that could be taken as a pill enter clinical trials in the second quarter of 2021. Pfizer is currently conducting trials in U.S and Belgium, with adult volunteers taking pills designed to provide a cure for Covid-19. It is designed to work by stopping the SARS-CoV -2 virus from replicating in the cell, thanks to the presence of protease inhibitors, which bind to viral enzymes. Protease inhibitors are used to treat other viral pathogens, like HIV and Hepatitis C. Tackling the Covid-19 Pandemic requires both prevention via v...

Macroeconomic Policy And Poverty Reduction

Macroeconomic policies influence and contribute to the attainment of rapid, sustainable economic growth aimed at poverty reduction in a variety of ways. Macroeconomic stability by itself does not ensure high rates of economic growth. In most cases, sustained high rate of growth also depend key structural measures such as regulatory reform, privatization, civil service reforms, improved Governance, banking sector reform, trade liberalization etc.  Growth associated with progressive distributional changes will have a greater impact on poverty than growth that leaves distribution unchanged. As such, policies that improve the distribution of income and assets in a society such as land tenure reform, pro-poor public expenditure and measures to increase the poor's access to financial markets will form strong element of country's poverty reduction strategy.  Three main types of government macroeconomic policies are - Fiscal policy, Monetary policy and Supply side policy. The objectiv...

Problem Solving in Democratic Economy

In an era of sharp debate over the conditions under which democracy can develop while broadening participation and building community, understanding and building civic capacity is crucial for strengthening governance and changing the state of the world in the process. More than managing a contest among interest groups or deliberations to reframe issues, democracy can be what the public most desires - a recipe for significant progress on important problems. The Governance structure of the democratic state is an important feature of the politics of problem solving. The way and extent to which the party-government has room to manoeuvre are essential to finding agreement regarding the solution of public problems that are contested in the political arena.     Democracy is the political veneer of a commercial trading nation. The stronger the nations market economy, the more likely a democracy of some sort will form. The stronger the market, the wealthier the nation and fewer th...