This is our first annual letter. Just as in this message, we will continue to share in a frank way what our goals are and where progress is being made and where it is not. This year we have chosen to focus, not on iSPIRT’s initiatives and activities, but on the software product industry itself. We discuss how software products will transform India at large and why the software product industry is strategic to our country. We conclude by explaining the evolutionary stages the rise of the Indian software product industry.
Indian Mid-market SaaS companies: Forging a new path to disruptionProductNation/iSPIRT
SaaS has changed the competitive dynamics for Indian enterprise software product firms, putting them on a level playing field with their western counterparts. It has opened up new market segments, notably the small and medium sized enterprise market, whose requirements are different from those of large global 2000 businesses. These customers demand products that are less complex, plug-and-play and come at a lower price tag. This has pushed product companies catering to this segment towards a light-touch, virtually enabled model, dramatically reducing the need for close customer engagement, large field sales force, and elaborate implementation – all of which traditionally put Indian companies at a disadvantage.
Leveraging this wave, a new generation of Indian software product firms such as FreshDesk, Fusion Charts, KissFlow, WebEngage, RecruiterBox and others have started to emerge. This has created an important disruptive force in the mid-sized enterprise market. What is also interesting is that, in their pursuit for a light-touch model, these companies have evolved a unique strategy to define the product, market/sell the product and engage with customers. This iSPIRT report discusses the three core tenets of their strategy - Digital immersion, Desk marketing/selling and Cloud-based customer engagement.
This playbook outlines the primary messages we focus on when we talk about iSPIRT, both in general and when we’re speaking to a specific audience. It contains the language and phrasing we use to share these messages. You can clip text directly from this playbook, but you don’t have to use the exact words. The messaging is a springboard to help you get started – the ideas behind the headlines and web copy you’ll create for various uses.
When writing copy, you’ll convey the same ideas, but will tailor the exact words and tone to each audience and situation. In addition to the messaging, you’ll want to weave in proof points - case studies, data, and testimonials that help to underscore the validity of the message.
This playbook will help us stay consistent and on-message so that people will begin to recognize us, trust us, and share our story with others.
Kaustuv Ray had a vision - a dream to be a part of the technological revolution sweeping the nation by creating an organization from Bengal that would one day carve a niche for itself in the technology space. Kaustuv Ray
Google Accel Report - SaaS India, Global SMB Market, $50B in 2025 #SaaSinIndi...Accel Partners India
#SaaSinIndia
A joint report released by Google & Accel Partners outlined the growth opportunity for Indian SaaS Startups as SaaS adoption by SMBs is set to overtake that by large enterprises. The report outlines that purpose built SaaS products will see hyper growth and adoption by SMBs, and will contribute to more than 75% of the public cloud revenues driving the global SaaS industry to $ 132B revenues by 2020, of which SMB SaaS is expected to reach $76B.
iSPIRT Product Industry Monitor(PIM) Feb 2014 - a first-of-its-kind report an...ProductNation/iSPIRT
India has the potential to build a USD 100 bn software product industry by 2025 with resolute and purposeful action by industry and government.
• Over 50% of software product companies are completely self-funded or ‘bootstrapped’.
• Lot of senior talent from MNCs is starting software product companies – close to 40% of founders come from an MNC.
• Indian software product startups are experiencing ‘talent starvation’ at the entry level.
• 78% of Indian software product startups defy the universal logic of having founders with diverse skills, and instead have homogenous founding partners.
• The three most common product sectors that companies work in are Enterprise, SaaS and Consumer.
Kellton Tech, a global IT conglomerate, is a CMMi Level 3 and ISO 9001:2008 certified organization. We offer customized IT services and solutions in the mobile, web, ERP, security and cloud space. We offer offshore product development, technology consulting and resource augmentation services. The following presentation is our updated corporate profile and portfolio.
Indian Mid-market SaaS companies: Forging a new path to disruptionProductNation/iSPIRT
SaaS has changed the competitive dynamics for Indian enterprise software product firms, putting them on a level playing field with their western counterparts. It has opened up new market segments, notably the small and medium sized enterprise market, whose requirements are different from those of large global 2000 businesses. These customers demand products that are less complex, plug-and-play and come at a lower price tag. This has pushed product companies catering to this segment towards a light-touch, virtually enabled model, dramatically reducing the need for close customer engagement, large field sales force, and elaborate implementation – all of which traditionally put Indian companies at a disadvantage.
Leveraging this wave, a new generation of Indian software product firms such as FreshDesk, Fusion Charts, KissFlow, WebEngage, RecruiterBox and others have started to emerge. This has created an important disruptive force in the mid-sized enterprise market. What is also interesting is that, in their pursuit for a light-touch model, these companies have evolved a unique strategy to define the product, market/sell the product and engage with customers. This iSPIRT report discusses the three core tenets of their strategy - Digital immersion, Desk marketing/selling and Cloud-based customer engagement.
This playbook outlines the primary messages we focus on when we talk about iSPIRT, both in general and when we’re speaking to a specific audience. It contains the language and phrasing we use to share these messages. You can clip text directly from this playbook, but you don’t have to use the exact words. The messaging is a springboard to help you get started – the ideas behind the headlines and web copy you’ll create for various uses.
When writing copy, you’ll convey the same ideas, but will tailor the exact words and tone to each audience and situation. In addition to the messaging, you’ll want to weave in proof points - case studies, data, and testimonials that help to underscore the validity of the message.
This playbook will help us stay consistent and on-message so that people will begin to recognize us, trust us, and share our story with others.
Kaustuv Ray had a vision - a dream to be a part of the technological revolution sweeping the nation by creating an organization from Bengal that would one day carve a niche for itself in the technology space. Kaustuv Ray
Google Accel Report - SaaS India, Global SMB Market, $50B in 2025 #SaaSinIndi...Accel Partners India
#SaaSinIndia
A joint report released by Google & Accel Partners outlined the growth opportunity for Indian SaaS Startups as SaaS adoption by SMBs is set to overtake that by large enterprises. The report outlines that purpose built SaaS products will see hyper growth and adoption by SMBs, and will contribute to more than 75% of the public cloud revenues driving the global SaaS industry to $ 132B revenues by 2020, of which SMB SaaS is expected to reach $76B.
iSPIRT Product Industry Monitor(PIM) Feb 2014 - a first-of-its-kind report an...ProductNation/iSPIRT
India has the potential to build a USD 100 bn software product industry by 2025 with resolute and purposeful action by industry and government.
• Over 50% of software product companies are completely self-funded or ‘bootstrapped’.
• Lot of senior talent from MNCs is starting software product companies – close to 40% of founders come from an MNC.
• Indian software product startups are experiencing ‘talent starvation’ at the entry level.
• 78% of Indian software product startups defy the universal logic of having founders with diverse skills, and instead have homogenous founding partners.
• The three most common product sectors that companies work in are Enterprise, SaaS and Consumer.
Kellton Tech, a global IT conglomerate, is a CMMi Level 3 and ISO 9001:2008 certified organization. We offer customized IT services and solutions in the mobile, web, ERP, security and cloud space. We offer offshore product development, technology consulting and resource augmentation services. The following presentation is our updated corporate profile and portfolio.
Why india still has an edge in software development outsourcing in 2022, desp...ISHIR
India is known for its cost advantage and the largest pool of IT talent, If you consider outsourcing software development projects to India, you should not focus solely on India’s edge in software development.
The 10 most recommended logistic companies in 2019Merry D'souza
This edition “The 10 Most Recommended Logistic Companies in 2019” aims to highlight the jewels of the Indian logistics industry. Measuring the diverse capability, this magazine is a platform to celebrate the success stories of these players in the best possible way!
On the cover page, we have showcased LogYcode Tech Solutions. It is an NCR based e-commerce start-up that innovative IT-enabled solutions and services to re-engineer logistics business processes to meet the demands and the desire arising from the digital transformation of the industry.
Oracle and cVidya Cloud webinar with the first part by Oracle covering SaaS market and opportunities in the cloud and Oracle's SaaS partnering strategy and second part by cVidya's covering cVidya's Journey into the Cloud with cVidyaCloud.
Following a plenary presentation at the Forrester Digital Transformation event in London in June 2017, Guy Kirkwood, Chief Evangelist of UiPath, discusses how RPA and AI are changing business.
India’s success in the digital economy - Some lessons for the SouthAlwyn Didar Singh
As a symbol of globalisation and in many ways its leading feature, e-commerce also represents one of its distinguishing characteristics, i.e. where the extension of the international division of labour goes beyond international trade to geographic enclaves in different stages of the production chain6. The development of the software industry in India, and especially its initial concentration in Bangalore, represents this very unique feature of the new digital economy. It illustrates the impact of global value adding networks and supply chains as well as local development and growth – now beginning to occur at multiple levels
Kellton Tech, a global IT conglomerate, is a CMMi Level 3 and ISO 9001:2008 certified organization. We offer customized IT services and solutions in the mobile, web, ERP, security and cloud space. We offer offshore product development, technology consulting and resource augmentation services. The following presentation elaborates on our expertise in developing consumer and enterprise web applications.
Intelligent automation will catapult Indian economy to US $5 trillion dollars in the next five years, up from $2.7 trillion dollars, according to a new study commissioned by Automation Anywhere , a global leader in Robotic Process Automation (RPA.) Today, automation is driving efficiencies for enterprises, resulting in dramatic productivity gains in the back office and enhanced customer experiences in the front office. According to the study conducted by Ernst and Young India (EY,) the country will experience a significant boost to its economy to reach US $5 trillion by as early as 2024.
The research, presented today at the IAMAI's India Digital Summit 2020, examined the economic impact of automation and found that large-scale adoption of automation technologies, such as RPA, artificial intelligence, natural language processing and machine learning will drive increased efficiencies and new jobs resulting in economic growth in the next few years.
The India SaaS Survey is all about getting the pulse of the burgeoning SaaS ecosystem in our country. A survey of this kind is indispensable in drawing an insightful analysis and in getting credible benchmarking data about how the industry is shaping out. Though nascent, the SaaS industry has a lot of potential. The data from the survey is useful not only to help entrepreneurs and investors but also showcases the prospect of the industry to technically sound aspirants looking to step into the industry.
Starting a new high-tech company is not easy. Furthermore, each experience is, by definition, unique. For example, the team behind the project, the problem which is
addressed, the technology upon which the solution is based, the business context when the start-up is being launched, etc. A high-tech start-up based on robotics technology is no different -- each project will be its own. However, despite all the individual characteristics of each new high-tech start-up, there are also basic elements which are common to virtually all entrepreneurial projects. Every project needs a business model. Every project needs a team to execute the model. Every project needs financing to develop its solution, and deliver it successfully to the marketplace.
This guide has as its objective to serve as a useful, practical reference, a document that can help lead a new project from the idea stage to a successfully launched high-tech start-up.
The key elements that are covered include the importance of high-tech start-ups to our economy and society, the specific opportunities and challenges of the robotics marketplace, characteristics of the right entrepreneur to lead the start-up, evaluating the technological position upon which the start-up is based, key considerations for defining a business model and business plan in order to convert the project from an idea to a successful company.
More info at http://www.tecnalia.com/en/industry-transport/index.htm
India Technology Product M&A Industry Monitor - An iSPIRT & SignalHill reportProductNation/iSPIRT
India Technology Product M&A Industry Monitor - An iSPIRT & SignalHill report. Tech Product M&A in India is on the rise with both US & Asian strategics starting to dip their toes in the water. On account of the increasing pace of innovations and scale of the Indian Product Tech eco-system,
Presentation by TrigerrO at Zensar #TechShowcase - An iSPIRT ProductNation in...ProductNation/iSPIRT
Presentation by TrigerrO at Zensar #TechShowcase - An iSPIRT ProductNation initiative. Working mainly in the Rewards & Recognition space and employee engagement via Social. Their tag line is “Recognition is Social”. They provide smart analytics about employee engagement as well as ROI.
Why india still has an edge in software development outsourcing in 2022, desp...ISHIR
India is known for its cost advantage and the largest pool of IT talent, If you consider outsourcing software development projects to India, you should not focus solely on India’s edge in software development.
The 10 most recommended logistic companies in 2019Merry D'souza
This edition “The 10 Most Recommended Logistic Companies in 2019” aims to highlight the jewels of the Indian logistics industry. Measuring the diverse capability, this magazine is a platform to celebrate the success stories of these players in the best possible way!
On the cover page, we have showcased LogYcode Tech Solutions. It is an NCR based e-commerce start-up that innovative IT-enabled solutions and services to re-engineer logistics business processes to meet the demands and the desire arising from the digital transformation of the industry.
Oracle and cVidya Cloud webinar with the first part by Oracle covering SaaS market and opportunities in the cloud and Oracle's SaaS partnering strategy and second part by cVidya's covering cVidya's Journey into the Cloud with cVidyaCloud.
Following a plenary presentation at the Forrester Digital Transformation event in London in June 2017, Guy Kirkwood, Chief Evangelist of UiPath, discusses how RPA and AI are changing business.
India’s success in the digital economy - Some lessons for the SouthAlwyn Didar Singh
As a symbol of globalisation and in many ways its leading feature, e-commerce also represents one of its distinguishing characteristics, i.e. where the extension of the international division of labour goes beyond international trade to geographic enclaves in different stages of the production chain6. The development of the software industry in India, and especially its initial concentration in Bangalore, represents this very unique feature of the new digital economy. It illustrates the impact of global value adding networks and supply chains as well as local development and growth – now beginning to occur at multiple levels
Kellton Tech, a global IT conglomerate, is a CMMi Level 3 and ISO 9001:2008 certified organization. We offer customized IT services and solutions in the mobile, web, ERP, security and cloud space. We offer offshore product development, technology consulting and resource augmentation services. The following presentation elaborates on our expertise in developing consumer and enterprise web applications.
Intelligent automation will catapult Indian economy to US $5 trillion dollars in the next five years, up from $2.7 trillion dollars, according to a new study commissioned by Automation Anywhere , a global leader in Robotic Process Automation (RPA.) Today, automation is driving efficiencies for enterprises, resulting in dramatic productivity gains in the back office and enhanced customer experiences in the front office. According to the study conducted by Ernst and Young India (EY,) the country will experience a significant boost to its economy to reach US $5 trillion by as early as 2024.
The research, presented today at the IAMAI's India Digital Summit 2020, examined the economic impact of automation and found that large-scale adoption of automation technologies, such as RPA, artificial intelligence, natural language processing and machine learning will drive increased efficiencies and new jobs resulting in economic growth in the next few years.
The India SaaS Survey is all about getting the pulse of the burgeoning SaaS ecosystem in our country. A survey of this kind is indispensable in drawing an insightful analysis and in getting credible benchmarking data about how the industry is shaping out. Though nascent, the SaaS industry has a lot of potential. The data from the survey is useful not only to help entrepreneurs and investors but also showcases the prospect of the industry to technically sound aspirants looking to step into the industry.
Starting a new high-tech company is not easy. Furthermore, each experience is, by definition, unique. For example, the team behind the project, the problem which is
addressed, the technology upon which the solution is based, the business context when the start-up is being launched, etc. A high-tech start-up based on robotics technology is no different -- each project will be its own. However, despite all the individual characteristics of each new high-tech start-up, there are also basic elements which are common to virtually all entrepreneurial projects. Every project needs a business model. Every project needs a team to execute the model. Every project needs financing to develop its solution, and deliver it successfully to the marketplace.
This guide has as its objective to serve as a useful, practical reference, a document that can help lead a new project from the idea stage to a successfully launched high-tech start-up.
The key elements that are covered include the importance of high-tech start-ups to our economy and society, the specific opportunities and challenges of the robotics marketplace, characteristics of the right entrepreneur to lead the start-up, evaluating the technological position upon which the start-up is based, key considerations for defining a business model and business plan in order to convert the project from an idea to a successful company.
More info at http://www.tecnalia.com/en/industry-transport/index.htm
India Technology Product M&A Industry Monitor - An iSPIRT & SignalHill reportProductNation/iSPIRT
India Technology Product M&A Industry Monitor - An iSPIRT & SignalHill report. Tech Product M&A in India is on the rise with both US & Asian strategics starting to dip their toes in the water. On account of the increasing pace of innovations and scale of the Indian Product Tech eco-system,
Presentation by TrigerrO at Zensar #TechShowcase - An iSPIRT ProductNation in...ProductNation/iSPIRT
Presentation by TrigerrO at Zensar #TechShowcase - An iSPIRT ProductNation initiative. Working mainly in the Rewards & Recognition space and employee engagement via Social. Their tag line is “Recognition is Social”. They provide smart analytics about employee engagement as well as ROI.
10 Mantras on Building Killer Products - Presented by Pranav at #PNMeetupProductNation/iSPIRT
10 Mantras on Building Killer Products - Presented by Pranav at #PNMeetup. You can also view the ppt at It's http://bit.ly/pnmeetup_angad (this has better formatting :)
Software Adoption Initiative (SAI), is ISPIRT's effort to help the Indian jew...ProductNation/iSPIRT
Software Adoption Initiative (SAI), is ISPIRT's effort to help the Indian jeweller adopt and
implement the right technology, at the right price. As the first step towards that, we bring you this
Software Adoption Guide.
Indian product companies punch below their weight. Despite huge innovation and rising entrepreneurship, most Indian product companies are invisible on the global map. The reasons are many, but a big one is the lack of meaningful exits for companies that actually create value in their product markets. This paper focuses on a plan to address that gap. This second version of the plan is a revision to the one published in May 2013.
InTech50 Finalists pitching their products to global CIOs in Bangalore on 15t...ProductNation/iSPIRT
InTech50 is a showcase of some of the most promising software products created by entrepreneurs from India. A panel of Chief Information Officers (CIOs), Venture Capitalists, and Product Leaders from previous successes will decide the fifty companies that make the cut to InTech50 selection criteria. These chosen companies will receive advice, on-going mentoring, product marketing support, and funding to scale their offering to the global markets.
What animates us? Why do we do what we do? What sets us apart? Why are we a force for good? These are some questions that we tackle in this Annual Letter.
Problem solvers, responsible builders of companies, communities and ecosystems are the foundation for progress and growth of any nation. What drives all of them is a sense of challenge, ownership of problems, allegiance to autonomy, demonstration of personal accountability and the thrill of finding a solution. This energy is fueling a growing product movement in India. iSPIRT is proud to be part of this movement.
India's best product thinkers on what a thriving product ecosystem can do for...ProductNation/iSPIRT
On the first anniversary of iSPIRT, we got the best product thinkers in the country pledging to transform India into a product nation and to help in every way they can to get it there.
India Stack pilot - commercialization of techno-creative innovationsProductNation/iSPIRT
iSPIRT believes that by sharing the pilot learnings through this publication, we will address aspects of entrepreneurship competencies and create the right entrepreneurial environment to produce innovations that are both technologically feasible and commercially viable.
Top 30 Indian B2B Software Product Companies Valued at $6.2 Billion and Growi...ProductNation/iSPIRT
We believe the discussion about India’s technology industry – whether in government circles, the media or in Silicon Valley – overlooks India’s B2B software product companies which sell globally as well as into India. Instead, there is a lot of discussion about IT Services companies and E-commerce players.
When there is discussion about B2B software products, it lacks insights into product types, target markets, scaling strategies, perception of Indian vendors in India and abroad as well as the vibrant start-up ecosystem that has emerged around B2B software companies from India. These insights are important because a strong Indian B2B software product industry has the potential to drive tens of thousands of high-value jobs, enable Indian manufacturing and services companies to be globally competitive, drive large amounts of export-driven foreign exchange earnings for India as well as create billions of dollars of value for founders and investors.
We would like to shine a spotlight on these Indian B2B software products companies through the India Software Products Industry Index – B2B (iSPIxB2B), which we are launching today. The index tracks the thirty most valuable B2B software product companies headquartered in India and companies headquartered elsewhere in the world where cofounders are in India right from the creation of the company onwards.
India as a Product Nation - The Next Google can come from India Avinash Raghava
This presentation talks about the Important Characteristics of the Software Product Industry, Why India needs The Software Products Industry. Indian Software Product Industry touches 3m small enterprises today. It will touch 30m enterprises – small businesses, rural schools, primary healthcare centers, small farms, etc. - in 10 years
India as a Product Nation - The Next Google can come from IndiaProductNation/iSPIRT
This presentation talks about the Important Characteristics of the Software Product Industry, Why India needs The Software Products Industry. Indian Software Product Industry touches 3m small enterprises today. It will touch 30m enterprises – small businesses, rural schools, primary healthcare centers, small farms, etc. - in 10 years
India's 10 Most Influential Tech Leaders to Follow in 2022TycoonSuccess
India's 10 Most Influential Tech Leaders to Follow in 2022" is a must-read guide for anyone looking to stay up-to-date on the latest developments in the Indian technology industry. This comprehensive report highlights the top 10 tech leaders in India who are shaping the future of the industry through their innovation, leadership, and vision.
it is a remarkable story of birth and penetration. The Indian IT Services industry used innovation in vendor partnering to enter the global markets in mid 70s. The subsequent growth has been built on the foundations of cost effective service, unrelenting focus on quality, execution excellence and Human Resource supply chain management. It is a success story of globalisation.
The economic reforms and liberalization measures kick started the sea change in the way India as a country shaped itself to become the world’s largest democracy and one of the rising economic giants in the world stage over the last 20+ years.
Offerings of world class services in the field of IT and IT Enabled Services have also marked the success story of the country in this same period. The resultant economic growths truly made India emerge as the ‘Global India’ and this term is here to stay!
Building Billion Dollar Product Companies from India - Management report by J...ProductNation/iSPIRT
A research paper put together by Jyoti Ramnath, MBA 2014, outlining the challenges faced by product start-ups in India and providing recommendations to improve the entrepreneurship ecosystem and position India as a product nation on the global map
The 10 productive app development companies in 2019Merry D'souza
Insights Success has solely focused on these app development companies that are striving for change and thriving on customer satisfaction. ‘The 10 Productive App Development Companies in 2019. Dot Com Infoway (DCI) is a company known for taking challenges head-on.Being an end-to-end IT and mobile solutions company
Riding the Storm Towards the Giant India SaaS OpportunitySaaSBOOMi
Riding the Storm – Towards the Giant India SaaS Opportunity” underlines the opportunity and whitespaces for the growing Indian SaaS industry. For the first time ever, key stakeholders in the Indian SaaS ecosystem have collaborated to create this research study. The report also highlights how India can become the global hub for SaaS and can tap the huge addressable opportunity by strengthening its ecosystem.
LIVE PROJECT ON JOB DESCRIPTION AND JOB ENGAGEMENT OF EMPLOYEES IN IT INDUSTRY.NISHIGANDHA BATWAL
The project was aimed to understand the IT sector. We choose Datamatics Global Services Limited to understand the JD and Job Engagement process at Datamatics Global Services Limited.
PM WANI 3.0: Unleashing Business Innovation and Open Wireless Network Growth ...ProductNation/iSPIRT
PM-WANI has allowed sachetised access to WiFi connectivity. However, the true vision of WANI standard, where small business owners can participate as network service providers resulting in fast network growth, has not been realised. We propose the next version of the WANI standard where a more open ecosystem can be enabled to facilitate business interactions such as delegated payments and roaming, which in turn can catalyse increased user base, rapid network growth, and business innovations.
The PM-WANI framework is revised periodically, taking into account the new developments, security updates, etc. Version 1.0 was released in 2020 and this was used for the pilot deployments. The updated 2.0 specification was released in 2021 and is the current version in use. You could read more about these versions here: https://github.com/iSPIRT/PM-WANI-App-Provider/wiki/PM-WANI-Specification-1.0-vs-2.0
This whitepaper defines iSPIRT’s vision for the PM-WANI Version 3.0 specification
WANI 3.0: Unleashing Business Innovation and Open Wireless Network Growth for...ProductNation/iSPIRT
PM-WANI has allowed sachetised access to WiFi connectivity. However, the true vision of WANI standard, where small business owners can participate as network service providers resulting in fast network growth, has not been realised. We propose the next version of the WANI standard where a more open ecosystem can be enabled to facilitate business interactions such as delegated payments and roaming, which in turn can catalyse increased user base, rapid network growth, and business innovations.
The PM-WANI framework is revised periodically, taking into account the new developments, security updates, etc. Version 1.0 was released in 2020 and this was used for the pilot deployments. The updated 2.0 specification was released in 2021 and is the current version in use. You could read more about these versions here: https://github.com/iSPIRT/PM-WANI-App-Provider/wiki/PM-WANI-Specification-1.0-vs-2.0
This whitepaper defines iSPIRT’s vision for the PM-WANI Version 3.0 specification
WANI 3.0: Unleashing Business Innovation and Open Wireless Network Growth for...ProductNation/iSPIRT
PM-WANI has allowed sachetised access to WiFi connectivity. However, the true vision of WANI standard, where small business owners can participate as network service providers resulting in fast network growth, has not been realised.
iSPIRT Foundation proposes the next version of the WANI standard where a more open ecosystem can be enabled to facilitate business interactions such as delegated payments and roaming, which in turn can catalyse increased user base, rapid network growth, and business innovations.
Civil aviation has, traditionally, been based on the notion of a pilot operating the aircraft from within the aircraft itself and more often than not with passengers on board. Rapid technological innovations have enabled pilotless aircraft which can be designed for specific applications that require precision or long duration which have been considered near impossible hitherto.
These aircraft also enable applications considered dull, dirty or dangerous, in other words, tasks that entail monotony or hazard for the pilot of a manned aircraft. Such pilotless aircraft make use of a ground-based or pre-programmed automatic controllers to manoeuvre the aircraft in flight and are generally termed as drones, although a better term is Unmanned Aerial Systems (UAS).
Traditionally, drones had been limited to military use due to high costs and technical sophistication. However, there is a far broader scope for UAS use, including, inter alia, commercial, scientific and security applications. These potential applications have driven innovations in UAS technology; especially in areas of control, navigation and energy storage; which have provided consumers with suitably small-sized cutting-edge products that are easy to operate and maintain at affordable prices. Today, due to economies of scale, consumers can purchase drones for less than a thousand rupees. Even sophisticated drones with advanced cameras and sensors are available for under fifty thousand rupees. Large aircraft manufacturers such as Boeing and Airbus, on the other hand, are investing billions of dollars in building pilotless aircraft that are regarded safe enough for passenger long-distance intercontinental trips.
The main goal of building a Concept of Operations for India on the way to a thriving drone ecosystem in India was to allow consistent policymaking that would guide technological standards in the near future. We intend to establish a discussion with stakeholders and continue to improve our vision by holding Open House Sessions.
Guiding Principles, Specs, Key Resources: https://sayandeep-ai.github.io/pushpaka/work-items/i01/
Entire Playlist of the Open House Recordings: https://youtube.com/playlist?list=PL9dBcOUIsjz8FNN_FesZiD2WlFAQW-I01
This is our response to the Draft Drone Rules 2021 published by the Ministry of Civil Aviation on 14 July 2021.
(Draft Drone Rules 2021: https://www.civilaviation.gov.in/sites/default/files/Draft_Drones_Rules_14_Jul_2021.pdf)
iSPIRT Balloon Volunteering Open House Session #4 - Opportunities in Technolo...ProductNation/iSPIRT
In this fourth Open House Session, we have Dr Pramod Varma, Chief Architect - Aadhaar & India Stack, giving you an insight into what it takes to volunteer in iSPIRT. He describes our design principles for building digital public infrastructure and gives you a peek into the thought process of an architect in iSPIRT. Finally, he breaks down how we are redefining the approach towards solving societal problems. We are playground builders. We orchestrate or create a playground so that market players can bring out an array of solutions.
iSPIRT is addressing solvability. We have a multi-decade horizon as a mission-oriented volunteer-based Think-and-Do-Tank.
As part of this session, we have our volunteers explaining the technical challenges you can embrace as new volunteers. The problems that we are tackling require a thought process that is new and innovative. We use cutting-edge technology.
In addition to the new technical volunteering opportunities outlined in this session, other policy-related and ecosystem-building volunteer options also exist. Apply now on https://volunteers.ispirt.in
Do visit: https://youtu.be/KZngoIy-hZ0 to watch the recording of the fourth open house session on Youtube.
The Global Leadership Seminar is back with its second seminar on "Full Spectrum Thinking" with noted futurist Bob Johansen of The Institute for the Future.
In this video, Bob explains how Full-Spectrum Thinking provides leaders with the ability to seek clarity across gradients of possibility—while resisting the temptations of certainty. For example, medical doctors used to label people as “autistic.” Now, they say people are on the spectrum of autism disorders.
Full-spectrum thinking offers an alternative to sloppy categorical thinking that is so common today. It unlocks clarity while challenging certainty.
Bob Johansen is a distinguished fellow with the Institute for the Future in Silicon Valley. For more than 30 years, Bob has helped organizations around the world prepare for and shape the future, including corporations such as Nestle and GlaxoSmithKline, as well as major universities and nonprofits. He holds a B.S. from the University of Illinois, which he attended on a basketball scholarship, and a PhD from Northwestern University—as well as a master’s degree that focused on world religions.
The seminar was moderated by Prof. Vasanthi Srinivasan of IIM Bangalore. Prof. Srinivasan is a Professor in the Organizational Behaviour and HRM at IIMB. Her work over the last decade in the field of leadership development has focussed on building future-ready competencies.
Charles Assissi, veteran journalist, and co-founder of Founding Fuel, also joined to share his perspectives on Full Spectrum Thinking.
Please note: The seminar was organized by iSPIRT Foundation in association with NSRCEL of IIM Bangalore. This seminar series aims to bring the best of management wisdom to Indian companies and startups.
Watch the entire recording of the session published on iSPIRT Foundation's official Youtube channel: https://www.youtube.com/watch?v=ydesUdu2CkA
For more information, please write to community@ispirt.in
We held a somewhat impromptu Open Session on Balloon Volunteering yesterday. Watch this to learn if iSPIRT volunteering is right for you. This session will cover some of the available volunteer opportunities and tell you how to engage with us.
In case you want to explore Balloon Volunteering with iSPIRT, do fill out the form here: bit.ly/iSPIRTForm
We are publishing a draft of the technical standards of the Personal Health Records (PHR) component of the National Health Stack (NHS)!
As a refresher, these standards govern the consented sharing of health information between Health Information Providers (HIPs) - like hospitals, pathology labs, and clinics - and Health Information Users (HIUs) like pharmacies, medical consultants, doctors, and so on. The user’s consent to share their health data is issued via a new entity called a Health Data Consent Manager (HDCM).
The problem today is that the electronic health records listed in one app or ecosystem are not easily portable to other systems. There is no common standard that can be used to discover, share, and authenticate data between different networks or ecosystems. This means that the electronic medical records generated by users end up being confined to many different isolated silos, which can result in frustrating and complex experiences for patients wishing to manage data lying across different providers.
With the PHR system, a user is able to generate a longitudinal view of their health data across providers. The interoperability and security of the PHR architecture allows users to securely discover, share, and manage their health data in a safe, convenient, and universally acceptable manner. For instance, a user could use a HDCM to discover their account at one hospital or diagnostic lab, and then select certain electronic reports to share with a doctor from another hospital or clinic. The flow of data would be safe, and the user would have granular control over who can access their data and for how long. Here is a small demo of the PHR system in action.
The standards in the draft released today offers a high-level description of the architecture and flows that make this possible.
India recently kicked off the Data Empowerment architecture, a framework for consented data sharing across the financial sector. This allows Nandini (Persona) to share data on her business’ regular invoices or GST payments seamlessly and securely.
Any bank or NBFC can now offer a regular stream of small-ticket working capital loans based on her demonstrated ability to repay. This is in sharp contrast to the status quo, where banks typically offer only larger loans backed by collateral. Using cash flows rather than collateral as the basis for credit is known as Flow-Based lending. Because producing collateral is a roadblock for the poorest Indians, Flow-Based lending may be their only opportunity to access the credit they sorely need for growth.
In July 2018, NITI Aayog published a Strategy and Approach document on the National Health Stack. The document underscored the need for Universal Health Coverage (UHC) and laid down the technology framework for implementing the Ayushman Bharat programme which is meant to provide UHC to the bottom 500 million of the country. While the Health Stack provides a technological backbone for delivering affordable healthcare to all Indians, we, at iSPIRT, believe that it has the potential to go beyond that and to completely transform the healthcare ecosystem in the country. We are indeed headed for a health leapfrog in India! Over the last few months, we have worked extensively to understand the current challenges in the industry as well as the role and design of individual components of the Health Stack. In this post, we elaborate on the leapfrog that will be enabled by blending this technology with care delivery.
White paper on the analysis of High share premium amongst Startups in IndiaProductNation/iSPIRT
High share premium is not the basis of a high valuation but the outcome of valid business decisions. This new whitepaper by iSPIRT highlights how share premia is a consequence of valid business decisions, why 56(2)(viib) is only for unaccounted funds and measures to prevent valid companies from being aggrieved by it
[Angel Tax] White Paper On Section 56 (2)(viib) And Section 68ProductNation/iSPIRT
Angel Tax (Section 56(2)(viib)) has become a cause celebre in Indian startup circles due to its broad-reaching ramifications on all startups raising capital. This paper traces the origin of this section, it's analysis, impact, how it adversely affects startups. Special mention is also made of the seldom covered Section 68 and it's used in conjunction with Section 56(2)(viib). The paper also proposes recommendations to ensure that genuine companies are not aggrieved by this while the original intent of the section is preserved.
New digital lending architecture: As Indian consumers and business go from being data poor to data rich in next 3 years, a new lending architecture which is digital, based on data footprints and using algorithms can scale up rapidly to provide credit for the underserved. This includes P2P lending. The Electronic Consent layer of the India Stack will leverage this data tsunami.
iSPIRT's Response on Digital Information Security in Healthcare Act (DISHA)ProductNation/iSPIRT
We believe that India is at a unique tipping point where only a fraction of its users have gone online, and a majority are yet to do so. Therefore, it is critical that we build the right set of protections and empowerments for these users as they enter the digital world.
It is equally important not to limit our thinking to simply “protection” of data. We must also question how we can “empower” individuals, who will be data rich before they are economically rich, with better access to their own healthcare data such that they can become more engaged participants and managers of their health care.
We welcome the proposed DISHA Act that seeks to Protect and Empower Individuals in regards to their electronic health data - we have provided our feedback on the DISHA Act and have also proposed technological approaches in this response
India SaaS Survey Results 2017 in partnership with DCS Advisory ProductNation/iSPIRT
Welcome to the Third edition of the India SaaS Survey by DCS Advisory, India’s largest software investment banking advisory practice, in partnership with iSPIRT
iSPIRT’s Response- White Paper on Data Protection Framework for IndiaProductNation/iSPIRT
It is widely known that the amount of data generated daily worldwide is rising at an incredibly exponential rate. Yet, what remains shrouded is how this data, particularly those data types concerning or generated by us, as individuals, are being used and stored by both the public and private sector. As we move into a data-driven world, it is crucial that the laws developed around Data center on the premise of both empowering and protecting the individual. In fact, the main purpose of the 4th layer of India Stack, the “consent layer”, is just this: to provide for a set of tools and utilities, as part of the Data Empowerment and Protection Architecture (DEPA), that empower citizens to assert control over their data.
The Justice Srikrishna led committee of experts has released a White Paper articulating their provisional thoughts on the Data Protection Framework, and are seeking public comments on the subject. iSPIRT has submitted a formal response to the White Paper. You can also read the blog post lays out our current views regarding Data Protection here: http://pn.ispirt.in/india-in-a-digital-world/
Platforms help create more open platforms. Indian entrepreneurs will address the scale and diversity of India by building smart solutions on top of these DIGITAL PLATFORMS!
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
5 Things You Need To Know Before Hiring a Videographer
Software Products Will Transform India at Large
1.
2014
iSPIRT
Annual
Letter
This
is
our
first
annual
letter.
Just
as
in
this
message,
we
will
continue
to
share
in
a
frank
way
what
our
goals
are
and
where
progress
is
being
made
and
where
it
is
not.
This
year
we
have
chosen
to
focus,
not
on
iSPIRT’s
initiatives
and
activities,
but
on
the
software
product
industry
itself.
We
discuss
how
software
products
will
transform
India
at
large
and
why
the
software
product
industry
is
strategic
to
our
country.
We
conclude
by
explaining
the
evolutionary
stages
the
rise
of
the
Indian
software
product
industry.
Software
Products
Will
Transform
India
at
Large
We
believe
that
the
new
generation
of
Indian
software
products
will
have
a
big
impact
on
improving
government,
labor,
and
social
productivity.
It
will
make
governance
more
data-‐driven,
small
businesses
exponentially
more
productive,
and
communities
more
connected.
In
India,
the
majority
of
economic
activity
takes
place
in
the
informal
sector.
For
the
first
time
ever,
self-‐
employed
individuals
are
able
to
use
technology
to
become
efficient
and
competitive.
For
instance,
a
self-‐employed
driver
can
now
be
part
of
a
taxi
network
and
have
access
to
new
customers.
Or
a
small
bus
operator
can
use
RedBus
and
have
a
state-‐of-‐the-‐art
seat
management
system.
In
fact,
now
any
small
business
can
embrace
a
game
changing
business
application
easily.
This
is
creating
unprecedented
opportunities
for
individuals
and
smaller
firms
to
create
value
in
their
business.
As
this
revolution
unfolds,
it
has
the
potential
to
make
the
informal
sector
the
new
engine
of
economic
growth.
Large
businesses
everywhere
are
in
the
midst
of
massive
change
where
competitive
intensity
is
increasing,
where
barriers
to
entry
are
reducing
sharply,
and
where
margins
are
hard
to
sustain.
There
are
many
ways
to
characterize
the
shifts
taking
place.
Hierarchies
to
networks.
Stocks
to
flows.
Centralized
to
distributed.
Broadcast
to
peer-‐driven.
One-‐way
to
two-‐way.
Command
and
control
to
community.
To
cope
with
all
this,
a
new
generation
of
IT
infrastructure
and
applications
is
getting
deployed.
Indian
software
products
are
making
their
mark
in
this
space
and
several
startups
have
become
leading
players
on
a
global
basis
in
their
specific
categories.
Software
Products
Industry
is
Strategic
to
India
Leadership
in
software
products
offers
a
unique
opportunity
to
re-‐position
Brand
India.
Until
the
1990s,
there
was
no
industry
in
which
India
was
seen
as
a
leader;
no
industry
with
which
India’s
name
was
inextricably
linked.
That
changed
with
India’s
ascendance
in
the
software
services
industry.
When
India,
for
the
first
time,
was
featured
in
the
World
Economic
Forum
at
Davos;
when
Indian
industry
leaders
were
for
the
first
time
sought
out
by
foreign
governments
as
advisors;
even
when
an
Indian
industry
was
2.
for
the
first
time
the
reason
for
heated
debates
in
the
US
Congress
and
the
target
of
important
legislation
–
in
all
these
cases
it
was
India’s
success
in
the
software
services
industry
that
was
the
driver.
India’s
success
in
software
services
also
led
to
the
birth
of
a
whole
range
of
outsourcing
activities
to
India
including
BPO,
KPO
and
LPO.
Yet,
in
spite
of
the
huge
commercial
success
of
the
software
services
industry,
the
benefits
to
brand
India
have
been
circumscribed.
At
a
broad
level,
this
is
because
software
services
are
essentially
a
business-‐to-‐business
(B2B)
activity.
The
brands
of
software
services
companies
become
visible
only
thanks
to
the
persona
of
their
founders
and
CEOs,
their
performance
on
the
stock
market,
and
their
recruitment
activities.
Therefore,
their
brands
(and
by
extension,
brand
India)
don’t
get
a
high
level
of
visibility
outside
India
except
perhaps
in
MBA
curricula.
Though
India’s
advantage
in
software
services
transcends
cost
advantages,
it
is
not
unusual
even
today
to
see
India’s
success
in
software
services
referred
to
politely
as
a
labor
cost
arbitrage
story
or
sometimes
more
acerbically
by
references
to
cybercoolies
and
other
such
derogatory
terms
due
to
the
lack
of
inherent
IP.
Every
country
that
has
made
it
big
on
the
world
stage
in
the
last
many
decades
has
had
prominent
brands
that
have
powered
their
growth
story.
Twenty
years
ago,
it
was
Sony
from
Japan.
Today,
it
is
Samsung
from
the
Republic
of
Korea.
India
needs
similar
brands
that
can
power
its
global
image.
How
can
India
use
the
foundation
created
by
the
software
services
industry
to
go
to
the
next
level
in
terms
of
global
branding
and
soft
power?
Software
products
offer
one
viable
route.
If
India
were
to
have
the
equivalent
of
a
Google
or
a
Yahoo,
that
could
do
the
trick.
Software
Product
Industry
Evolution
Stages
Given
the
path
dependent
nature
of
hi-‐tech
industry
evolution
it
is
essential
to
understand
the
context
of
current
industry
evolution.
Indian
Software
Product
Industry
(SPI)
has
five
stages
of
evolution.
The
Indian
SPI
is
now
entering
Stage
3.
3.
Stage
1:
Underground
Movement.
1999-‐2010
During
the
11
years
since
1999
the
Indian
SPI
was
an
underground
movement.
Not
many
people,
even
in
the
IT
Industry,
were
interested
in
this
area.
Yet,
much
was
happening.
The
nascent
industry
was
building
confidence.
During
this
stage,
three
success
stories
came
to
the
fore
that
provided
confidence
to
broader
audience
that
SPI
can
take
root
in
India.
In
the
Large
Business
Application
Software
(LBAS)
segment,
i-‐flex
showed
the
way.
Its
acquisition
for
over
$1
billion
dollars
by
Oracle
was
a
big
boost
to
Indian
SPI.
In
the
Small
Business
Application
Software
(SBAC),
Tally
sold
to
more
than
a
million
SMBs
in
India.
This
was
a
big
milestone
even
by
global
standards.
Tally
joined
a
select
club
of
software
product
companies
in
the
world
that
have
more
than
a
million
business
customers.
Finally,
out
of
Kolkata
no
less,
FusionCharts
sold
its
charting
software
to
over
ten
thousand
businesses
outside
India
without
having
any
sales
office
or
sales
presence
in
US.
This
success
galvanized
the
belief
in
India’s
ability
to
be
a
player
in
the
booming
global
SaaS
market.
Towards
2007,
we
saw
industry
leaders
in
Indian
SPI
come
together,
first
to
celebrate
success,
then
to
create
media
awareness
of
the
Industry
and
finally
to
create
public
goods
necessary
to
take
the
industry
forward.
4.
Stage
2:
Emergence
of
Indian
SPI.
2010-‐2013.
The
three
success
stories
mentioned
earlier
–
i-‐flex,
Tally
and
FusionCharts
–
acted
as
an
impetus
to
the
creation
of
SPI
startups.
Today
we
have
good
SPI
startup
density
in
Bangalore,
Pune
and
Chennai
with
NCR,
Mumbai
and
Hyderabad
also
showing
good
momentum.
SPI
Startup
density
in
India
is
now
high.
On
Angel
List1,
India
now
has
3.2
times
more
startups
(2123
versus
651)
than
Israel
which
is
a
shining
example
of
the
hi-‐tech
industry.
Given
these
excellent
numbers,
we
don’t
need
policies
to
boost
SPI
startup
rates.
Instead
we
need
policies
and
institutions
to
reduce
SPI
startup
failure
rates
and
improve
outcomes.
Stage
3:
Maturation.
2014-‐e2017
This
is
the
stage
where
the
SPI
with
a
critical
mass
of
companies
needs
to
consolidate
its
position.
This
stage
is
typically
characterized
by
a
string
of
positive
outcomes
–
substantial
VC
investments,
M&As
and
IPOs
–
that
give
the
industry
much
needed
validation
and
a
boost
of
confidence.
Conventional
wisdom,
not
just
in
India
but
across
the
world,
holds
that
2123
Indian
SPI
startups
listed
on
Angel
List
will
have
much
poorer
outcomes
than
the
651
Israeli
SPI
startups.
This
belief
is
supported
by
data.
An
iSPIRT
and
SignalHill
analysis2
reveals
that
India
has
the
worst
multiple
in
terms
of
M&A
exits.
In
Israel
the
M&A
exit
value
was
~7X
of
the
VC/PE
investment
during
the
same
period.
In
US
the
multiple
was
~5X.
In
India
it
was
only
1.1X
(and
this
too
was
inflated
because
it
counted
IT
Services
M&A
exits
as
well).
At
this
stage
of
evolution
of
Indian
SPI,
we
have
startups
but
have
poor
outcomes
for
those
startups.
Therefore
the
focus
has
to
be
on
improving
SPI
startup
outcomes
rather
than
boosting
SPI
startup
density.
If
this
is
not
done,
the
exceptionally
high
startup
failure
rates
will
trigger
disenchantment
amongst
potential
entrepreneurs.
This
can
bring
the
current
momentum
in
startup
density
growth
to
a
halt.
To
improve
SPI
startup
outcomes
several
areas
have
to
be
addressed.
These
range
from
addressing
early
stage
financing
gap,
to
providing
better
playbooks
to
SPI
startups,
to
having
privileged
access
to
strategic
technologies,
etc.
These
are
covered
in
more
detail
in
a
later
section.
Stage
4:
Building
Global
Ecosystems.
e2015-‐e2019
The
speed
at
which
Nokia’s
handset
business
deteriorated
has
shocked
everybody.
It
went
from
being
a
market
leader
in
smartphones
to
being
unviable
as
a
company
in
less
than
20
months.
Nowadays,
Blackberry
is
undergoing
the
same
tragic
downtown
in
fortunes.
In
fact
this
movie
has
been
played
several
times
before
in
the
hi-‐tech
industry.
Back
in
2001,
Glenayre
Technologies,
a
market
leader
in
the
two-‐way
pager
business,
went
from
a
technology
darling
to
a
basket
case
in
under
two
years.
Further
1
2
rd
Angel
List
is
the
leading
platform
for
technology
startups
looking
for
early-‐stage
funding.
Data
as
of
3
Nov
2013.
th
This
is
dated
10
Oct
2013.
5.
back
in
time,
in
1985,
the
famous
Osborne
computer
had
suffered
the
same
fate.
Its
business
collapsed
in
one
year.
Why
do
some
good
firms
collapse
so
suddenly?
Nokia’s
CEO
Stephen
Elopprovides
the
answer
in
his
now
infamous
9th
Feb
2011
memo.
He
said:
“The
battle
of
devices
has
now
become
a
war
of
ecosystems,
where
ecosystems
include
not
only
the
hardware
and
software
of
the
device,
but
developers,
applications,
ecommerce,
advertising,
search,
social
applications,
location-‐based
services,
unified
communications
and
many
other
things.
Our
competitors
aren't
taking
our
market
share
with
devices;
they
are
taking
our
market
share
with
an
entire
ecosystem.
This
means
we're
going
to
have
to
decide
how
we
either
build,
catalyse
or
join
an
ecosystem.”
In
many
cases,
the
very
success
of
a
product
firm
results
in
a
competitive
response
where
the
battle
of
products
becomes
the
war
of
ecosystems.
If
a
firm
has
not
planned
for
this
new
kind
of
competition,
it
quickly
loses
its
market
position
and
fades
away.
We
expect
that
there
will
be
about
five
software
products
companies
with
a
billion
dollar
market
cap
(e.g.
InMobi,
Zoho,
QuickHeal,
Pubmatic,
etc.)
in
the
coming
years.
Of
these,
at
least
one
of
them
will
have
to
engage
in
this
war
of
ecosystems
in
the
coming
years.
We
know
that
losing
this
ecosystem
war
has
delirious
consequences.
In
contrast,
winning
the
war
of
ecosystems
has
big
benefits.
By
turning
a
product
franchise
into
an
ecosystem,
a
company
becomes
less
vulnerable
and
has
better
financials.
There
are
other
benefits
as
well.
Microsoft
claims
an
employment
of
15m
in
its
ecosystem3.
SAP,
Google
and
OpenSource
ecosystems
also
report
similar
benefits.
There
are
significant
challenges
in
creating
ecosystems.
These
relate
to
three
areas.
First,
there
are
no
clear
guidelines
for
performing
correct
and
insightful
modeling
of
software
ecosystems.
Second,
conducting
an
ongoing
health
analysis
of
an
ecosystem
is
still
a
daunting
data
mining
task:
what
are
the
indicators
to
look
at?
How
can
data
be
found
on
the
revenues
of
our
partners?
How
many
new
entrants
join
the
ecosystem
every
year?
And
how
much
do
these
really
contribute?
Third,
relates
to
the
issue
of
Governance.
This
addresses
the
issue
of
how
to
govern
software
ecosystems
to
gain
measurable
success
in
terms
of
staying
power,
profit,
usage
and
participation.
India
has
not
yet
built
a
software
ecosystem
though
two
local
ecosystem
building
projects
are
underway.
Both
UIDAI
and
Akash
Tablets
are
trying
to
build
a
software
ecosystem
around
their
offerings.
This
is
a
good
for
India
to
strengthen
its
ecosystem
building
muscles.
In
time,
we
are
confident
that
at
least
one
Indian
SPI
firm
will
be
successful
in
building
an
ecosystem
around
its
products.
Only
when
this
happens,
will
it
signify
that
the
“next
Google”
or
the
“next
Microsoft”
has
been
born
from
India.
Getting
to
this
stage
is
something
that
(even)the
Israeli
hi-‐tech
3
http://www.informationweek.com/microsoft-‐says-‐its-‐software-‐ecosystem-‐em/202404791
6.
industry,
despite
is
success,
has
not
been
able
to
do.
What
is
working
in
India’s
favor
is
the
presence
of
a
big
domestic
market
in
India.
Stage
5:
Outward
Investment.
e2019
onwards.
This
stage
is
characterized
by
outward
investments
to
deal
with
transformative
technologies
and
strengthening
of
the
moat
around
the
India
SPI
ecosystems.
It
is
only
at
this
stage
that
a
truly
sustainable
India
SPI
would
be
created.
Looking
Ahead
We
hope
you
will
help
get
the
word
out
on
the
power
and
potential
of
the
software
product
industry.
Tell
political
leaders
that
you
care
about
making
governance
more
data-‐driven,
small
businesses
exponentially
more
productive,
and
communities
more
connected.
If
you
are
looking
to
restore
Brand
India,
root
for
Indian
software
products
succeeding
worldwide.
You
can
help
bring
about
a
new
belief
that
India
can
be
a
Product
Nation.
We
all
have
the
chance
to
create
a
better
product
ecosystem
where
disruptive
innovation
thrives
and
serves
the
cause
of
improving
government,
labor,
and
social
productivity.
For
those
of
us
who
believe
in
the
Indian
software
industry,
there
isn’t
any
more
inspiring
work
than
making
iSPIRT
successful.
We
see
dedication
of
our
Fellows,
Mavens,
Saarthis
and
Voyagers
on
every
challenge
the
foundation
works
on.
It
inspires
us
to
help
people
pay
forward
to
their
professional
community
of
product
entrepreneurs,
and
we
feel
very
lucky
to
be
able
to
support
them.
We
know
the
foundation
will
have
its
share
of
setbacks.
But
we
feel
sure
we
will
have
lots
of
success
stories
to
share
in
the
years
ahead.
Bharat
Goenka,
Jay
Pullur,
Naveen
Tewari,
Sharad
Sharma,
Vishnu
Dusad
Governing
Council,
iSPIRT
Foundation