Weekly Rewind: Top 10 Stories On CXOToday (Jun 19-24)
There were quite a few interesting updates this week for business and technology leaders. Uber was in the spotlight for its biased and broken corporate culture, which promoted, among other things, sexism and other forms of toxic behavior, and sudden resignation of founder and CEO Travis Kalanick on June 20 after several major investors demanded he step down. However, having a good reputation for ethics is a competitive advantage for any brand and once that is lost, it becomes the hell of a challenge to regain it. So we focus on whether Uber can ever fix its broken culture and how. We also explore the idea whether how Uber CEO Travis Kalanick’s exit bears similarities with the dumping of Steve Jobs by Apple board in 1985, who came back to make Apple the most valuable brand. Can Kalanick do the same too?
Online learning seems to be the flavor of the week as we carried articles and interviewed experts from the industry to understand the trends, challenges and new technology development in this space. We also interviewed M R Patel, Director of IT services explains some of the latest technology initiatives of the Indian Farmers Fertilizers Co-operative Limited or IFFCO, one of India’s small scale fertilizer cooperative federations that has come up with a slew of digital initiatives to stay ahead in their business path.
We also have for you expert articles on the various challenges, opportunities and impact of GST on businesses across verticals such as healthcare, banking, ecommerce and IT services as part of our GST campaign.
Like every week, this week too, we also have for you interesting interviews, case studies, infographics, and expert columns on various emerging technology and market trends and challenges in the enterprise space.
Here are some of the top stories of the week on CXOToday you would not want to miss.
The New Year has not been kind to Uber. The ride-hailing tech company that rose to fame in no time has been going through a rough ride in recent months. From charges of sexual harassment, fraud, senior management exodus, and CEO Travis Kalanick’s dramatic exit, Uber has hit the headlines for all wrong reasons. However, experts believe, there is still a chance for Uber to fix its broken culture by taking a different route, to gain back the confidence and reemerge as a leader in the US and global market….
Uber CEO Travis Kalanick has been unceremoniously removed, leaving the corporate world shocked. The controversial incident bears similarities with the dumping of Steve Jobs by Apple board in 1985, who considered him too impulsive to run the business of a Fortune 500 company. As was expected, Apple’s iconic status of creating disruptive ideas and products waned. After Apple came to brink of bankruptcy, the company brought Steve Jobs back as CEO. Apple is now the most valuable brand on the Forbes’ list. There are reasons why the ex-Uber Chief could make a comeback just the way Steve Jobs did….
The current scenario of IT industry calls for more workforce to upgrade their skills. But time, space and availability may be hindrances in this path. An answer for this can be sought in e-learning, which is currently a booming field in India, with many players trying to grab a pie in this space. E-learning platform, Pluralsight is focused on self-paced learning for enterprises and technology professionals. Arun Rajamani, Country GM, Pluralsight India discusses how the company is helping customers meet talent, agility and ROI goals with online learning….
In a world where constant advances in technology and digital ubiquities are shaping the business landscape, the only way for enterprises to survive is by embracing and managing the change. The Indian Farmers Fertilizers Co-operative Limited or IFFCO, one of India’s small scale fertilizer cooperative federations realized this mantra early on in its digital journey. With around 40,000 co-operative societies as members and almost 5 crore as farmer base, the 50-year old entity that has always been ahead in matter of technological advances. M R Patel, Director of IT services explains some of the latest technology initiatives of IIFCO in the course of its journey….
The use of Artificial Intelligence (AI) by businesses was more like a science fiction than reality until recently. Today, however, innovative companies have already put AI backed solutions into use to enhance customer experiences. In fact several CRM vendors are gearing up to enrich their platforms with intelligence and incorporating AI into their solutions. These IT majors such as Salesforce, Microsoft, SAP and Oracle—are betting that with AI, businesses will be able to deliver more predictive and personalized customer experiences across sales, service, marketing, commerce, and more….
The Internet has transformed the online education sector with an increased number of educational institutes, corporate houses as well as training centers imparting knowledge through online courses and programs. Despite the momentum, there is still a lot of potential for further development in the education system. In an exclusive interaction with CXOToday, Vamsi Krishna, CEO and Co-founder, Vedantu discusses the market for live online tutoring to students and how, in India, the concept is personalizing and democratizing learning with the use of technology….
The Indian business arena is abuzz with talk of the newly implemented bill on the Goods & Services Tax; one that is set to lead the country into a diametrically different tax regime and subsume various taxes of the system into a uniform one. While this new GST system is set to kick off from July this year, we see that the healthcare industry has been put on the exemptions list. However, it remains to be seen what this means for Healthcare companies and health services providers, and what lies ahead for the industry as a whole….
Indian companies could lose Rs 11 crore to data breaches this year, up 12.3 per cent from last year, according to a report by IBM and Ponemon Institute, The number of breached records per incident for Indian organizations surveyed in this year’s report ranged from 4,000 to 98,000 compromised records. The report which also noted that the average cost of a data breach globally is expected to decline by 10 percent this year to USD 3.62 million (Rs 23.35 crore) compared to last year….
Application Service Providers or ASPs will have a major role to play in driving the adoption of technology by the masses for filing GST returns. Their interface will help enterprises and customers to easily understand the complicated provisions of GST and ensure that they are filing their returns correctly in a timely manner. ASP should be developing a complete interface that makes the task of the user very easy. Since GST is already so complicated that the common vendors are having a hard time to understand its implications, it is important that the cloud and mobile interface developed by the ASPs help simplify GST for the masses….
At a time when India’s IT industry is facing challenges in the form of layoff and other uncertainties, a new study reveals that the number of analytics jobs has nearly doubled in the past one year and to the tune of nearly 100 percent, with close to 50,000 positions related to analytics currently available to be filled in India. However, there’s a big challenge here. While there are immense employment opportunities in the feild, a large portion of people in IT still do not have the skillsets to handle advanced analytics processes, hence the industry will need to re-skill themselves in data science to make the most of this employment boom.
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