Tag: The Technology Crystal Ball

The market for cryptocurrencies is a growing space and in today’s world, it’s growing at a rapid rate. Using computer network software, these digital assets enable secure trading and ownership. You might have heard of the term ‘bitcoin’. Bitcoin and other cryptocurrencies are supported by a technology known as ‘blockchain’. The special feature about blockchain is that it keeps track of every transaction made, in a tamper-resistant record. Public blockchains are usually decentralized and they operate without a central authority, unlike what is seen in a traditional economy.

In the new era of internet usage, people are building on the cryptocurrency space and discovering what they can and cannot trust. The ushering of new digital spaces leaves room for everything we know to be tokenized in the form of cryptocurrencies. These have multiple uses – as units of exchange for goods and services, stores of value and to assist networks to carry out complex financial transactions.

Cryptocurrencies are created by a process known as mining. Mining, an energy-intensive method, enables computers to solve complex puzzles and codes to verify the authenticity of all the transactions on the computer network. As a reward to solving the complex puzzles, the owners of those computers receive a newly created cryptocurrency that they can use or store for various different purposes. The creation and distribution of a token economy is said to have a lighter impact on the economy, making the cryptocurrency space a special one.

The ethos of cryptocurrency lies in the ecosystem that has been created by the market. It is a niche market and anybody can come into this tokenized economy, invest in it and feel like a part of it. In today’s data-driven world, few companies holding a lot of data have the power to censor many ideas and concepts. The decentralization process enabled by the cryptocurrency space aims to make the world a censorship-resistant one. This puts cryptocurrency among one of the greatest sociopolitical and economic revolutions that the world has seen.

Nithin Eapen, one of the most established crypto evangelist in the industry spoke at length about Cryptocurrencies and the advantages of using a more democratic currency in a conversation with Vinay Mahajan on our webinar platform The Technology Crystal Ball. The curiosity in cryptocurrencies was evident with the fact that questions from the participants overtook the conversations of the panelists. Nithin addressed several topics patiently and with equal enthusiasm.

And why not, the revolution is just beginning. Cryptocurrency has a huge valuation for the future. It is even expected to reach eight trillion dollars. In just a year and a half, the crypto market has gone from 6 billion dollars to 500 billion dollars. Everything we do ultimately boils down to our need for money. But there are several issues that come with money. Suppose you have cash in your pocket and it falls down. It becomes the bearer’s asset. A token like bitcoin solves that issue because there is no way for the money to fall in the crypto space. The same applies for a registered asset, where any robbery of it is decentralized in the cryptocurrency space. Such a market has the potential to create wealth in newer and more unique ways.

And that’s what makes cryptocurrency so powerful – a person investing in the space gets the chance to be in an economy that generates wealth without any centralized organization and the space is constantly growing. Watch the webinar by

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The technology Crystal Ball – Episode 2

The webinar series – The Technology Crystal Ball hosted its second episode moderated by Mr Vinay Mahajan, who interacted with Mr Aloysius Deepak and Mr Benjamin Joseph from Finance Tech Unlimited and Animesh Samuel from Light Information Systems. The webinar addressed the question many individuals have in the current times – are bots going to replace humans or take away jobs? 

Cash flow is one of the significant factors for organizations to function and grow. Without a steady cash flow, most organizations don’t make it far. In a situation like this, the entry of AI based bots into employable fields helps organizations improve cash management while also working for better outcomes. Automation frees up space for repetitive tasks that require a lot of time and precision. Artificial intelligence helps organizations achieve efficiency in business processes as automation ensures accuracy in its work.  

The bots have improved working spaces as they are assigned more manual work, allowing human intelligence to focus on the creative process.

Benjamin Joseph, Consulting CFO – Finance tech unlimited

Finance Tech Unlimited is an example of improved efficiency in business processes by the use of automation. The organization developed on Plutus as an Accounts Payable Specialist and Monitor as an Accounts Receivable Specialist to enhance its operations. According to Mr. Benjamin Joseph, the bots have improved working spaces as the bots are assigned more manual work, allowing human intelligence to focus on the creative process. Bots can help in accounts receivable and accounts payable. Traditionally, a CFO was responsible for conventional cash management. With the introduction of bots, a CFO can stand with the organization’s CEO and take part in management decisions.

Artificial intelligence helps eliminate some evils of business processes like slow processing, lack of matching of errors, manual follow-ups, lack of exception handling, unauthorized purchases, payment timings, disappearing invoices, and the amount of paper needed for these jobs. The real estate required to source these resources was high too. Without automation, employees would be spending time manually reconciling, which can be avoided by feeding the machines with data. 

“Human brilliance should focus on upskilling and working with automation for better outcomes”

Animesh Samuel, CEO – Light Information Systems

The use of automation in Finance Tech Unlimited improved their vendor metrics as well – it created vendor accounts with all the parameters required for data mining. There were fewer missing fields in the vendor master, making it easier to avoid human errors and develop the machine around them. The success of automation in Finance Tech Unlimited was that the bots were cognitive agents developed by Light Information Systems. Unlike ‘Robo bots’, they are equipped to make decisions during the mid-flow, starting, switching, stopping, or restarting processes. The bot cognitively generates the decisions taken to shorten the process. Bots have been created to complete manual tasks and detect fraudulent activity, allowing humans to take part in decision-making and a more detailed analysis of data extracted. Artificial intelligence can learn from data, convert it to information and knowledge, and then take action. Human brilliance provides greater insight to organizations. 

According to the panelists, new economies are constantly growing, and artificial intelligence is focusing on creating data-dependent machines. Learning functions and using artificial intelligence to solve global issues like traffic jams and global warming is essential. Automation applies to any job function like UI/UX, sales, marketing, and HR. To an extent, jobs will not be replaced entirely as expected, but artificial intelligence isn’t to be feared. Human brilliance should focus on upskilling and working with automation for better outcomes.  

Riding career success wave with Agile Transformation

When NAM CEO Mr. Vinay Mahajan conceptualized the ‘Technology Crystal Ball’ series, his objective was to create a platform that will allow industry experts talk about the opportunities Information Technology enthusiasts can vie for. The first of the webinar series hosted two experts – Mr Prabhat Singh, an Enterprise Agile Coach and SAFe Program Consultant, and Mr Anil Algole, a Scrum Master and Release Train Engineer. 

The webinar began with Mr Prabhat addressing the need for Agile Transformations and innovation. Agile Transformation demands roles and skills to be updated constantly. The industry is moving fast, with technologies like SpaceX, Virgin Galactic, Amazon drone delivery, and Tesla driverless cars standing is proof at the extreme end. All these have been the first response to an industry problem, making them successful. 

Agile Transformations also makes way for jobs in the fields of AI, Machine Learning, and Data Space, according to Mr Anil. When everything is automated, the agile area needs active learning in languages like Python and Java. The demand for agile focuses on four value addition areas like DevOps, Product Owners, Scrum Masters, and Release Train Engineering to customers, business, and IT teams. 

The webinar also dived into the role of a Scrum Master as a career opportunity. Scrum Master certifications come as a blessing to those seeking to upskill in the non-technical background. All one needs is a bachelor’s degree, people and managerial skills, a knowledge of the industry and the ability to anticipate the future. It takes as little as two weeks to be trained, and one can even take up SAFe certifications every year. 

The success rate of any company depends on a team’s collective understanding while working towards a common goal. Agile can be implemented in any field. Agile Transformation makes way for non-technical people to make waves in their career goals. 

Anyone interested for SAFe certifications can reach out to Mr. Prabhat or Mr. Anil at +1 (469) 919-6628