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Offering Intelligent Banking Solutions for a Better Tomorrow
PROFINCH
Kiran Kumar
Co-founder &
Executive Director
Jaskaran Singh Bhogal
Co-founder & Executive Director
Ashok Kumar
Co-founder &
Executive Director
OCTOBER 2018
TO WATCH IN 2018
T
H
E
10ORACLE
PARTNERS
BEST
Editorial
arc Benioff, a well-known entrepreneur, once said, “The cloud
Mservices companies of all sizes…The cloud is for everyone. The
cloud is a democracy.” And we cannot agree more! Adopting the
cloud technology, today, is no more an option- it has become a necessity. It
brings number of advantages to the businesses, their management, and
processes. There are obvious benefits that the cloud brings, like efficiency,
reliability, cost reductions, scalability, better analytics, and many more. But,
there are some benefits that are not even realized initially. Only after cloud
migration, businesses unfold these unforeseen advantages that the cloud
brings in.
But before leveraging these benefits, the businesses have to successfully
move to the cloud. The pathway of migrating to the cloud is filled with
various challenges. These include insufficient planning, cost, security, time,
and obsolete technology, to name a few. To make this tardy and not-so-easy
process of cloud migration easier, faster, and cheaper, Oracle has devised a
solution called ‘Oracle Soar to Cloud’- an application made for the
companies that want to embrace the cloud technology with open arms, but do
not know how to do that.
Oracle claims that it has created the world’s first automated cloud migration
solution. It brings in benefits like reduced time, decreased costs, and allows
companies to stay focused on their businesses. Soar to Cloud offers tools that
can identify the existing customizations and integrations present in the Oracle
application, scan the parameters for configuration, and use the data to
configure the Oracle ERP Cloud automatically. The whole process is made
very easy and effective. “It’s now actually an easier upgrade to go from
Oracle E-Business Suite to the cloud than from one version of Oracle EBS to
another,” said Larry Ellison, the Oracle Executive Chairman and Chief
Technology Officer. He adds, “Once you’re in the cloud, that’s the last
upgrade you’ll ever do.”
Cloud is the future, and beyond it there is a big blue sky of benefits waiting.
And with Soar to Cloud, Oracle has made it easy for the companies, of all the
sizes, to adopt and leverage these benefits. With it, most of the major
problems with cloud migration are solved and with this companies can now
adapt to and use the cloud technology to bridge the gap between its operations
and people.
Soaring into
the Future
with Oracle
Aishwarya Nawandhar
Editor-in-Chief Pooja M. Bansal
Database Management Prashant Chevale
Technology Consultant Swapnil Patil
Circulation Manager Vivek Bangade
Research Analyst David
Business Development Executives
Mohit Dhake, Prathamesh Kate
Contributing Editors
Aasha, DeepanjaliArt Editor
Business Development Manager Akansha Garewal
Visualiser Shweta Shinde
Marketing Manager Dhruv Apte
Picture Editor Alex Noel
Art & Design Director Amol Kamble
Co-designer Sapana Shinde
Managing Editor Shweta Priyadarshini
Senior Editor Shraddha Deshpande
Anmol Preet Singh, Sneha Sinha, Ananda Kamal Das
Copyright © 2018 Insights Success, All rights reserved. The content and images used in this magazine should not be reproduced or
transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from Insights Success.
Reprint rights remain solely with Insights Success. Printed and Published by Insights Success Media and Technology Pvt. Ltd.
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October, 2018
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Cover Price : RS. 150/-
Executive Editor Aishwarya Nawandhar
Genius' Guide
Business Insight for Executives to lift
the Fog over Cloud ERP Implementation
CXO
16
30
Expert’s Viewpoint
Sunny Days for Enterprise Software
products developed in India
34
Cover Story
PronchOffering Intelligent Banking Solutions for a Better Tomorrow
08
The Mapophobic to
Mapophilic Transformation
Mapping Evolution
42
DigiTrend
Rise of Cloud and Big Data
and its effect on the Industry
Trempplin
Creating Possibilities with
Innovation and Excellence
ShardaTech
Paving a Pathway that
Leads to Innovation
Teknospire
Connecting FinTech
Technologies for
Better Living
ABM Knowledgeware
Digital Government
that Works
26
40
30
20
Distributed Ledger
Bringing Blockchain to
Business with Oracle
Tech Camouage
Developing an Adaptive
Intelligence Process
in Oracle Cloud
Article
22 36
CONTENTS
he world of data witnesses continuous changes. With this constant evolution, it presents businesses
Taround the globe a number of opportunities and challenges. The amount of information generated is
rising every second and today, there is a significant need to find a way to manage all of this information.
By integrating, recording, organizing, and analyzing data accurately, companies can reap myriads of benefits.
With Oracle partners, this process is made easy.
To acknowledge the leading Oracle partners in India, we bring to you this special edition of “The 10 Best
Oracle Partners to Watch”. In issue, we will help you to walk through a list of companies which have made
their mark with their exemplary services. With their comprehensive vision and dedication, these companies
have paved a pathway to success in the marketplace.
On the cover we have, Profinch Solutions Pvt. Ltd., an IT products and services company, focused on banking
and financial services.
Apart from these we have also included interesting overviews of various companies, which might interest you.
ABM Knowledgeware Ltd., is one of the few IT companies in India with exclusive focus on e-Governance
since 1998; Sharda Tech Pvt. Ltd., is a leading technology and services company providing out-of-the-box
business solutions; Trempplin Centre of Excellence (TCoE), is a software developer & training institute in
Bangalore; Teknospire Software Services Pvt. Ltd., is a technology company focused on Fin-Tech platforms
with an active presence in an emerging market; Litmus7 Systems Consulting Pvt. Ltd., Arihant Adroit
InfoSystems Pvt. Ltd., BeyonData Solutions Pvt. Ltd., Clover Infotech Pvt. Ltd., and Globalminds
Advisory Services Pvt. Ltd. are some other pioneering oracle partners.
We also bring you articles penned by some of the leading Entrepreneurs in this arena. The magazine also
contains a few intriguing articles drafted by our in-house editorial team.
Thus, do turn through the pages to embark on a knowledgeable journey!
The Ultimate Oracle Partners Bridging the Gap
between People and Processes
Kiran Kumar
Co-founder &
Executive Director
Jaskaran Singh Bhogal
Co-founder &
Executive Director
Offering Intelligent Banking Solutions for a Better Tomorrow
rofinch
We focus solely
on banking and
nance solutions
to position
ourselves as the
trusted partners
Ashok Kumar
Co-founder &
Executive Director
Banking and Finance sector is one of the pillars for
the economy's development. This development is
integrally linked to the country's development.
Today, digitization has engulfed the Banking and Finance
sector, just like it has engulfed every other sector. It is
necessary for the businesses in this space to adapt to the
same and remain ahead of their peers. But then again,
digital transformation for this sector is very complex.
Profinch Solutions Pvt. Ltd. is one such company that
aims to reduce these complexities to enable successful and
timely execution of transformation programs.
Profinch is an IT products and services company focused on
banking and financial services. It provides solutions across
core banking transformations, digital banking, banking
analytics, and compliance regulatory services. Profinch is
passionate about delivering solutions that provide high
value and agility, and hence help build lasting relationships
with customers.
The Trio Driving Profinch
The roots of Profinch are its three co-founders Kiran
Kumar, Jaskaran Singh Bhogal, and Ashok Kumar.
Kiran is a well-seasoned professional with the experience of
more than two decades in the banking and financial services
industry. He has worked with various organizations like
Oracle Financial Services Software and i-exceed solutions
for bfsi consulting and enterprise mobility. He has led and
managed diverse teams in the software industry- including
client management, delivery, implementation and support-
spanning across all continents.
Its other Executive Director, Jaskaran has over 24 years’
experience in a variety of industries. He has held leadership
roles in consulting practice across the globe as an
accomplished professional in end-to-end conceptualization
of strategies and execution of projects towards fulfillment
of the strategy. His earlier experience in a variety of
industries enables the development of a holistic view of
strategic tasks and goals.
The third pillar of Profinch, Ashok, has been involved in
various roles in development of software, and
implementation projects involving planning, analysis,
design, interfacing, migration and support. He has displayed
dexterity in management of complex deployment projects
involving multiple stakeholders, especially for Citibank,
worldwide. At Profinch, he heads the Development,
Implementation, Support, R&D, Finance, Admin, and the
HR team.
The Two Lines of Business
Profinch has two lines of business- Consulting and
Products.
Being an Oracle Platinum Partner, the company does
consult for Oracle Suite of Banking Applications. These
include consulting of “FLEXCUBE” the world class
core-banking solution from Oracle, digital banking solution
“Oracle Banking Digital Experience (OBDX), Oracle
Financial Services Analytical Application (OFSAA) and
Oracle Revenue Management and Billing solution
(ORMB). The company resells and implements Oracle
At Pronch, we
believe that
building customer
relationship is
the key to success
Cover Story
products that target the banking domain; both its domain
cells, functional as well as technical.
Secondly, Profinch has also built two products around the
banking sector- one for the digital side and the other for the
data side of the industry. The intelligent product from
Profinch, FinCluez, offers business apps that cater to all
roles of Bank CxO to operational users and business users.
Where most of the other companies are focused on
digitizing the customers, Profinch is digitizing the
back-office staff as well. This platform works on a phone, a
tab, or even a desktop and enables smooth workflow of
entire banking operation.
On the data side, Profinch provides a huge product line for
data lying in the banks, be it for core banking, cards, ATMs
or any application. This data normally lies with the
respective system, the data is collated into a single system
and organized to make the further process smoother. To
ease the workflow of an organization, Profinch offers a
product named FinFlowz.
Outshining its Contemporaries
Most of the team of Profinch, which comprises of 160+
professionals today, are from the Oracle background. The
founders have more than a decade of Oracle Flexcube
experience. Therefore, the company has an advantage as an
Oracle partner with its deep domain knowledge and vast
experience in the industry. Being agile helps Profinch to
work without many constraints, enabling more innovation
to generate a lot of prospects.
One of the main factors distinguishing Profinch from its
peers is that the company has built tools, templates, and
strategies to reduce large core banking transformations, this
helps to reduce the timelines and generates accuracy. “That
is why the customers are really fond of us now. We are
delivery-based organization and not a sales-based
organization. And we have been growing based on our
credibility only. Over the period of four years now, we have
over 42 customers and all of them are referenceable,” says
Jaskaran.
An Indigenous Assistant to its Clients
Along with assisting its clients incredibly, at some places
Profinch has corrected its clients in a large way.
A large Bank in Mauritius has successfully implemented
OFSAA with the help of Profinch and became preferred
vendor for the bank. Today the bank has utilized most of the
products and services from Profinch' s offerings.
A large bank from Ethiopia being one of prominent clients
using legacy system was looking to migrate to
FLEXCUBE, leveraging Profinch' s experience the bank
went live with FLEXCUBE in less than 7 months, bank has
over a million clients and 300 branches, Profinch was
awarded by the bank for its impeccable work and reducing
the timelines of delivery in a big way.
We strive to
offer the best
consulting
services and
products to
our customers
Recognitions and Accolades
The firm has received several prestigious awards and
felicitations throughout the years for its products as well as
implementation. These include recognition as the top
amongst 50 Best Asian Companies by a popular magazine
st
and award for 1 at the top 10 at Technoviti event, India.
Alongside, the African Banking Summit has awarded it as
an Emerging Implementation Partner in Africa.
Overcoming its Challenges
Innovation is our driving fuel, we always think out of the
box to predict future trends and requirements of the
industry, this is what leads us to develop products and
solutions that are future ready. adds Ashok.
Consultation being one of its services, the company has
started to productize the consulting and building the right
tools. Along with that, it has started building products for
the data side as well. Adopting all the emerging
technologies has helped it to plug the holes and make
automation even better.
Additionally, Profinch goes beyond the belief “Customers
are always right” to “We ensure customers always gets it
right”.
Converting Threats into Opportunities
“Opportunity and threats both together for me is one word-
Growth. Growth comes from opportunities as well as
threats,” says Kiran. The company foresees a lot of
opportunities in the market for growth. It currently has
offices and Bangalore, Dubai, and Singapore and has been
migrating towards expansion. Since, Profinch has worked
purely on quality and credibility and not just on getting
orders and executives, it is on a journey where people see it
as a value provider. With this goodwill and opportunities in
three large markets- risk compliance and regulatory
reporting, core banking transformation, and digitization of
data- it is poised for tremendous growth.
Addressing its three major threats- compromise on quality,
creating enough skills, and cash flows, Profinch has
beautifully converted them into opportunities. Quality is the
company's forte; it has done tremendous automation to
mitigate that. To create the skills, from day one it has
invested heavily in hiring fresh talent and generate a
training environment. Along with initiatives like Employee
Recreation Room, the work environment itself is positive
and ambitious. Profinch promotes fun and work and hence,
all its employees are happy and are continuously
developing their skills. Coming to the third issue of cash
flow, till date, it has self-sustained itself and will grow in
the future.
Roadmap Ahead
Profinch has been growing at about 1.5 to 2x times and it
plans to continue the same. However, there is the thirst for
more; it wants to move up to 5 to 10x times, for which it
continues to build products. In terms of market, the
company is fairly in position in Africa and recently in
Middle East. It plans to spread deep roots in Asia, this year.
After that, it intends to expand in South America and
Europe.
Our
credibility
is built
on quality
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Management BriefCompany Name
Litmus7 Systems
Consulting Pvt Ltd
litmus7.com
Venu Gopalakrishnan
CEO
Litmus7's RetailSingularity innovation centers bring together the
best minds in marketing, product, technology and business to
imagine and deliver revolutionary solutions to the industry’s
toughest problems.
Arihant Adroit InfoSystems
Private Limited
aaisglobal.com
Arihant Adroit InfoSystems is Oracle Gold Partner and is
focused Oracle Enterprise Solution provider, delivering complete
Oracle EBS, Siebel solutions.
ABM Knowledgeware Ltd is one of the few IT companies in
India with exclusive focus on e-Governance since 1998
Trempplin Centre of
Excellence (TCoE)
trempplin.com
Trempplin is a software developer & training institute in
Bangalore
Kiran Kumar
Co-founder &
Executive Director
Profinch is an IT products and services company focused on
banking and financial services.
Profinch Solutions
Private Limited
profinch.com
Kalmesh Kallur
Co-founder &
Managing Director
BeyonData Solutions
Private Limited
beyondata.co.in
BeyonData is solely into it infrastructure administration services.
It understands the importance of your production system and
business continuity.
Globalminds Advisory
Services Private Limited
globalminds.co.in
Radhesh Soni
Executive Director
GlobalMinds is a global pioneer in system integrations and
application consulting in Oracle Enterprise Products.
Dipesh Prajapati
Managing Director
AMIT JAIN
Director
Prakash Rane
Co-founder &
Executive Director
ABM Knowledgeware
Limited
abmindia.com
Clover Infotech
Private Limited
cloverinfotech.com
Javed Tapia
Founder &
Managing Director
Clover Infotech, is an ISO/IEC 27001:2013 certified
comprehensive IT services provider with presence in India,
Singapore and the United States of America.
Teknospire is a technology company focused on Fin-Tech
platforms with an active presence in an emerging market.
Teknospire Software
Services Private Limited
teknospire.com
Vishal Gupta
CEO
ShardaTech is a leading technology and services company
providing out-of-the-box business solutions.
Sharda Tech
Private Limited
shardatech.org
Prashant Gupta
CEO & Founder
loud is no more the buzzword, rather it is slowly
Cgetting into the horizon of being ubiquitous just
like the word technology! Today’s business
executives have taken charge using “Cloud” technology
as a catalyst to meet up with their business needs. Cloud
ERP has been one of the most revolutionary pivots on
which business has been transformed and Oracle
NetSuite has been rated as the #1 Cloud ERP by leading
analyst firms. By leveraging Cloud’s on demand
infrastructure, elasticity to meet with varied demands,
support and administer varied parts of the operations the
organization has been able to boost productive, stretch
their budgets and in the same context stay nimble. Based
on our decade plus experience working with global
business executives using Cloud ERP, please find
enclosed the key aspects to consider to make a Cloud
ERP Implementation project successful:-
Best Practices to follow before implementing a cloud-
based ERP system:
• Buy in from the management and their involvement
Always seek visible and demonstrated buy-in support
from the CXO level to make the transition easier and
faster. This is essential for the stages before, during
and after implementation of the cloud ERP solution.
The greater the involvement in all stages of ERP
adoption: from consideration to purchase to
implementation, the greater are the chances of
business success. It will ensure there are fewer
bottlenecks and arguments down the road.
• Choose the Right Consultant for your Implementation
The most important decision you will make is to
choose the right consultant organization to implement
your ERP project. It is important to understand and
evaluate them on their core values, industry domains
they have worked, longetivity and breadth of their
project experience, crisis management strategy and
their ownership for the success of the project.
• Evaluate your implementation team’s methodology
A thoughtful implementation approach is critical for
the Cloud ERP success and it's important to fully vet
if they will use a guided implementation approach or
a full service one. For example, do they plan to spend
time understanding your existing business processes?
Will the implementation be tailored to your specific
business needs? Are you being assigned to one
subject matter expert or will you have a full team
supporting you?
Best Practices to ensure a successful ERP
implementation:
• Understanding Needs vis a vis solution capability
A mismatch between needs and solution capability
could be costly and cause irreparable damage to your
business that you may find difficult to recover from.
An assessment of needs and evaluation of new ERP
system capabilities is a must to avoid the mismatch.
October 2018|16
Genius’Guide
ABOUT THE AUTHOR
Biswas Nair is the
Founder and Managing
Director of Inspirria
Cloudtech Pvt. Ltd. He
has completed his
Electronics Engineering
from Nagpur University
and MBA from Pune
University. He has been
one of the pioneers in
Cloud based enterprise
applications in India &
Middle East. His passion
of introducing path
breaking and innovative
technology solutions
for the Indian
enterprises motivated
him to establish
Inspirria Cloudtech.
Today, Biswas is
spearheading the
vision to make
Inspirria Cloudtech
a leading Cloud
Aggregator
organisation. His
other passion in life
is penning Urdu
Poetry and he is an
ardent lover of the
Urdu language.
October 2018| 17
Biswas Nair
Founder & Managing
Director
• Resource Realignment
When an ERP system is implemented, you may discover that certain tasks are not required while new roles
may
be created. We may need to reallocate resources and skills after a cloud ERP implementation.
• Maintain Control
Your ERP implementation project should somewhat depend on schedules and timelines. This way, it is
much easier to track your progress and adjust accordingly. Determine benchmarks that define success or
failure, it’s unrealistic to expect any software implementation to proceed perfectly. However, that doesn’t
mean you should ignore the scope or scale of mistakes and setbacks. Is there a good project plan with
identified stages and a regular schedule of collaborative calls with all the team members involved?
• Dry runs before going live
After the system is configured and ready for use, do a series of dry runs before you actually go live. This
may help you locate bottlenecks/glitches in the new system and some issues too that may have been
missed.
• Build Awareness
Introduce your employees and help them understand the software in the best manner possible. Using videos
to build awareness is a good way to consume content and refer to it.
• Migration
Data from your previous solution would be required in your new ERP system. Ease of migration should be
a key feature for the new cloud ERP solution. The solution vendor should provide a seamless migration to
the new solution.
• Seeking perfection may be a barrier
While you should expect a glitch free solution, complete perfection could be a pipe dream. The quality of
dedicated support by the solution provider is a key criterion for selection of the solution. Checking with
customer references in a similar business domain is a good way to find out the quality of support.
In summary, Cloud ERP flexibility can be a good thing as your business evolves and your needs change. But it
can become a liability when it comes time to standardize operations or enforce standard business operations
across global business processes. Be sure to limit customization and integration to legacy systems to situations
that require it. Cloud ERP implementation success isn’t something that should be left to chance. Your odds of
success increase dramatically by simply adopting these and other implementation best practices.
October 2018|18
ABM Knowledgeware Limited
Digital Government that Works
The Information Technology industry in India has
played a key role in putting India on the global
map. IT industry has been one of the most
significant growth contributors for Indian economy. It has
played a significant role in transforming India’s image from
a slow moving bureaucratic economy to a land of
innovative entrepreneurs and a global player in providing
world class technology solutions and business services. It
has helped India transform from a rural and agriculture-
based economy to a knowledge based economy.
ABM Knowledgeware Ltd. (ABM), the IT Company
listed on Bombay Stock Exchange, is one of the few IT
companies in India with 20 years long exclusive focus on
E-governance and undisputed leadership in E-Municipality
in India. ABM’s e-Governance Solutions are currently
delivering more than 3 Crores G2C and G2B services
yearly as on 2017-18 which has grown 8 fold in past 8
years.
A Persistent Leader of the Organization
Prakash Rane is the Founder & Managing Director of
ABM Knowledgeware. Rane made his foray into
Information Technology and pioneered his career by
providing IT hardware and networking solutions to
Government customers. While he was intensely involved in
this business, he felt the need for competent E-government
Solution Providers to Government customers. By the late
90s, he realized that an investment in e-governance could
actually make a qualitative difference in citizen services or
improve the efficiency of their functioning. He initiated this
concept with two Government projects by subsiding it on
him and left it for the government customers to pay only if
it worked.
Outshining amongst many of its innovative projects, ABM
highlights a project, which was about improving citizen
services by blending ICT and Administrative Reforms in a
Collectorate and other was automating functioning of a
Government department in the Secretariat. The Collectorate
electronic services delivery project became a benchmark in
the state and was noticed by the ecosystem. The success
was overwhelming and his contribution towards the
company led to the trend-setting contract for Automation of
Citizen Services in 1998; which was the vital moment for
the company, ‘ABM Knowledgeware’ Since then there has
been no looking back and as of now ABM has the unique
distinction of most number of State wide projects in e-
Municipality in India, Smart governance services delivery
in 23 States of India and moreover, there is a 8 fold increase
in citizen services delivered in last 8 years. His contribution
towards the company has been of great value to the citizens
of India.
Flagship Product of the Smart Government
®
E-Municipality solution (MAINet 2.0) is a flagship ABM
product. It is an integrated enterprise e-Municipality
solution deployed and running over more than 500
e-Municipalities in India.
Some of the key offerings by ABM are e-Municipality
Solution, SAP Practices, Tourism Portal, Cyber security
solution, Smart City Solution, Automated Building
Approval System, Web Portal Development under NICSI
Empanelment, Tax Reforms Solutions, Mobile
Applications, ERP for Government and Accrual base
Double Entry Accounting Solutions.
ABM has maintained its exclusivity for being totally
dedicated for e-governance sector. ABM has been working
full-fledged in this sector for more than 20 years. Starting
from its flagship product and ending towards its various
offerings in today’s time is all into service of making the
nation digitized or in simpler words ‘Smart Government’.
A Team of Stalwarts
ABM possesses a team of committed IT professionals of
which large numbers of employees are certified on different
skills to implement e-governance effectively. The project
manager possesses vast experience in the e-Governance
sphere, domain knowledge in citizen services delivery and
the intellect to operate projects of big magnitude.
ABM Knowledgeware has been the first choice by the
major states of India for e-Municipality & e-Governance
solutions. Some of the key differentiators for ABM are:
October 2018|20
We strive to
provide
best-in-class
e-Governance
solutions to not
just meet,
but exceed our
client’s
expectations
• Unique distinction of most number of State-wide projects in
e-Municipality in India.
• Services delivery in 23 states of India (Central & State
Government Projects)
• Digital Governance services to 1000+Urban Local bodies in
India.
• ABM is a unique blend of technical skills and deep knowledge
of Government domain.
• ABM is a SEI CMMI Level 3, ISO 27001: 2013, ISO 9001:
2015 and ISO 20000-1:2011 company.
Hassle-free Work Environment
ABM strongly believes that company’s overall development is
directly linked to its Employees Development. Therefore, the
organization takes different steps for overall development of
employee which eventually creates the healthy environment to
work and grow:
• Promoting a healthy workplace culture.
• Identifying and bridging the gap through Quarterly reviews
between mentor & mentees
• Trainings to the identified employees to enhance their skills.
• Engaging the employees on the quarterly & a biweekly
basis in activities like Happy Hour, Fun day contest and
so on.
• Rewards & Recognition - Appreciating the employees’
contribution on a timely basis in various ways by sending
appreciation letter to the employee’s family member,
appreciating them during various occasions like happy
hours, annual Event, etc.
Progressing Forward with a Positive Outlook
The company plans to expand the e-Municipality business which includes long-
term relationships with customers. By giving increasingly better quality of
service and retaining the patronage of these important customers ABM is adding
more states as customers. The organization is blending technology with more
reforms, maintaining proper processes and a sound value system to address
various challenges which will be encountered in the urban sector reforms.
ABM evaluates the emerging technologies for its fitment to its solutions and
client’s need in an ongoing manner and takes pragmatic decisions of
incorporating the same from time to time. Thus, it keeps enhancing its existing
key offerings. As ABM has a number of ambitious propositions under its wing, it
endeavors to enhance pre-existing offerings with regular upgrades on their
technology. The organization is focusing now on the new segments like Cyber
Security, smart water management solution, integrated building plan approval
system, etc.
““
““
Prakash Rane
Founding & Managing Director
October 2018| 21
Bringing
Bckcin
to Business with
Oc
Industry and business, in order to grow, must accept and
acknowledge the changes. Every new technology,
innovation and rules and regulations have an impact on the
way business is done. Today’s digital world is capricious and
businesses need to upgrade themselves as quickly as possible.
Oracle has been helping businesses adapt to the latest
technology for years now. Its products and services are known
to be robust, easy-to-handle and a facilitator to bridge the gap
between technology and businesses. It was no surprise that
Oracle decided to decode and ease blockchain for business use.
Building Blocks
Anyone who is tuned to news must have heard about
blockchain technology or more precisely Bitcoin. Bitcoin is, by
far, the most noticeable example of the blockchain technology.
So what is a blockchain? It is a growing chain of blocks of data
Distributed Ledger
October 2018|22
October 2018| 23
or records which are called blocks and are linked to each other securely using cryptography. The blocks
are unique and by design, are resistant to changes. Each block consists of a cryptic hash or code to the
previous link, a timestamp and transaction data. This secure chain can be easily distributed among
authorized participants. It helps to establish a single, distributed source of truth for participating
organizations that might not fully trust or even be aware of each other. Blockchain mitigates the use of
third-party intermediaries for financial transactions thus minimizing cost and delays. Manual, error-prone
processes and information redundancy is also eliminated.
While banking transactions have found their way to use blockchain by using Bitcoin and Ethereum as a
cryptocurrency, the uses of this technology are many. These new Digital Coins can be used across the
globe no matter what a person’s nationality is. The Real Estate Industry can use blockchain to record and
store the land transactions and cut down significantly on the paperwork. The healthcare industry can
benefit by maintaining medical records of patients and tracing the medicines and the way they took from
manufacturer to the retailer. In the Voting process it will be easier to track genuine voters and count only
valid votes. Other industries too are bound to benefit from the features of blockchain technology.
Oracle for Everyone’s Business
Building blockchain networks, however beneficial, can be an uphill task for an organization. Oracle
simplifies the process by providing Blockchain as a Service (BaaS) with its Oracle Blockchain Cloud
Services (OBCS). OBCS is an Oracle managed cloud platform that lets businesses implement blockchain
into their networks and organizations without really getting into the nitty-gritty of it. It is built upon The
Linux Foundation’s ‘Hyperledger Fabric’ which renders it open-sourced making distributed ledger
solutions and interoperability with non-Oracle entities viable. It is preassembled and includes all
components like infrastructure dependencies, lifecycle management, event services, identity management,
REST proxy, operations and monitoring tools under a single console. Businesses benefit from the plug-
and-play integration with Oracle SaaS, on-premises applications, API management, and third-party
application development environments and tools. Oracle completely manages the OBCS to provide
businesses with high availability configuration, autonomous recovery agents, continuous ledger backup
capabilities and multi-datacenter disaster recovery.
Being an autonomous system, the OBCS is self-driving, self-securing and self-repairing. Oracle is also
developing new SaaS applications in order to implement blockchain technology for common use cases,
such as tracking, provenance identification, and cold chain. The experts at Oracle also help in
implementation and integration, prototype and bootstrap customer projects and design and
implementation.
Using Oracle’s platform, an enterprise can enhance its business and exclude unnecessary processes. The
transaction with distributed networks becomes more easy, transparent and secure. Audits become much
easy, trustworthy and professional reducing audit costs and human errors. It will help in improving
transparency across the enterprises’ IT ecosystem. Existing system processes can easily be upgraded and
made faster and better. Frauds can be easily detected and in time thus reducing the cost involved. The risk
of a single point of failure can be effectively reduced.
Blockchain, a new and emerging technology is set to impact all industries. The world is recognizing the
inherent value of distributed ledgers and smart contracts. It can make interactions more secure,
transparent, efficient and cost-effective. The enterprises that are willing to transform and embrace the new
technology can rely on Oracle to provide them with the required ingredient in form of Oracle Blockchain
Cloud Services.
October 2018|24
SHARDATECH
Paving a Pathway that Leads to Innovation
eaching the line of success after establishing a
Rbusiness is not an easy task. All the organizations
are grappling to be better tomorrow than they are
today. The main concerns in this process are to increase the
sales and increase the team productivity. This is where ERP
systems come to aid. With rapidly advancing technology,
staying at pace with it is another major challenge.
ShardaTech, a leading technology and services company, is
one of the prominent partners for organizations that help
them to transform their businesses and enable further
growth. Established in Greater Noida, the company offers a
comprehensive portfolio of providing world-class services
and solutions in ERP and Digital Marketing. The
preeminent goal of the organization is to revolutionize the
education industry. Today, it has extended its services to
healthcare, finance, and other business sectors as well.
ShardaTech envisions to raise the bar for service delivery
and to provide the best value in knowledge-based sectors
through innovation, drive, and commitment. Its team of
highly-qualified, motivated, and energetic individuals aims
to add value to modern-day institutes, universities, and
businesses by ensuring that every idea, every project, and
every proposed method is put under thorough testing and is
reviewed before implementation.
The Luminary Leading ShardaTech
Prashant Gupta is the Founder and CEO of ShardaTech.
He brings with him a relentless drive for innovation and a
passion for digitalized education. After completing his
degree in Management from Nottingham Business School,
he took over his responsibilities as the Executive Director
of Sharda University in the beginning of the year 2012. He
established ShardaTech in 2016 with a vision of providing
cutting-edge technological solutions not only in India but
around the globe. Prashant is always on a lookout to find
out new trends and future technological solutions for the
society and is an active supporter of the notion- “Digital
India”. “I see technology as the main driver for economic
progress and social benefit. It is an enabler to achieve the
broader vision of ensuring basic human rights to every
citizen like first-class education, healthcare, and a better
quality of life,” says Prashant. He has won many
prestigious awards through the years, one of the most recent
and eminent one being “40 Most Influential Asians Under
40” by a renowned magazine.
Ingenious Products and Services
ShardaTech provides ERP and digital marketing services to
its clients in order to empower them to produce maximum
results. It specializes in digital marketing services giving
online visibility to its customers’ businesses via social
media marketing, search engine marketing, SEO, content
marketing, and other traction-inducing strategies.
ShardaTech helps organizations in maximizing profit and
exponentially growing their businesses. Alongside, through
Oracle PeopleSoft Business Solutions, the company offers
services like IT & Business Consulting, Implementation,
Upgradation, and Support. Its products include Technical
and Functional Consulting, Web and Mobile App
development, Software and Business solutions. The
organization delivers high quality, out-of-the-box solutions
augmenting customers' businesses along with providing
them a competitive advantage over other players in the
market.
“Our customer centric solutions shape the relationship that
we have with our clients. We find it imperative to pair the
right talents with our clients, every time, because quality
work isn’t just derived by skill but by the will and ability of
everyone to work well together,” asserts Prashant.
A “Clients First” Company
Talking about the company’s customer-centricity, the CEO
asserts, “It is the mantra that good business means always
putting the needs of your client above your own and
combining this with an unrelenting focus, we have always
been able to exceed expectations”.
ShardaTech’s mission is to ensure purpose fulfillment of its
clients by understanding, effective collaboration, and
supreme business ethics. At ShardaTech, they intensely
follow the policy of balancing stability and innovation. The
point of view of their clients matters the most to the
company. The firm is quick to respond to every concern that
October 2018|26
We are on a
mission to provide
the best Quality,
Value, and
Services to meet
our customers’
business goals
its customers have and ensures the confidentiality of work.
Experts at ShardaTech don’t refrain themselves from
providing their honest opinions to the customers regarding
their current business plans and suggesting changes that can
help them improve. The company supports businesses right
from the beginning till the completion of the project and
does a regular evaluation and changes in the business plan
to keep up with the changing market environment in the
long-term. It strives to establish long-lasting relationships
and exceed the expectations of its clients with every project.
A Dynamic Work Environment
Establishing a high level of integrity and respect, along with
a fun work environment, substantial opportunities to learn
and staying engaged; organizing fun activities for the team
and nurturing their talent has contributed to ShardaTech’s
happy and productive work environment. It provides
extensive educational opportunities to its employees so that
they can upgrade their knowledge and advance their
careers. The company fosters a ‘lead by example’
environment that supports mutual trust, transparency, and
full disclosure. These core values are the guiding force
backing all of its initiatives. “With a will to win, we respect
the suggestions and opinions of our client and our
employees,” the management says.
Future Endeavors
ShardaTech has now embarked on an exciting journey to
build some highly innovative solutions on mobile and AI
platform which will help to address the challenges of higher
education, healthcare, and other business sectors in the
future efficiently. It aspires to build an end-to-end product
for its clients that is assisted by AI and is driven by
analytics. The company wants to take an active part in
revolutionizing the industry by developing cutting-edge
products taking future trends and changing consumer
behaviors into consideration. “We believe that big
challenges call for earnest conviction, and that’s what
ShardaTech strives to achieve,” says the CEO.
““
““
Mr. Prashant Gupta
CEO & founder
October 2018| 27
Rise of
CLOUD AND BIG DATA
and its Effect on the
INDUSTRY
C
loud computing is not a new technology in the
computing world. In fact, it is just the refined
form of virtualization, effectively redefining the
process of provisioning and sharing resources across
multiple systems. Cloud computing has its roots
originating as early as 1950's, when IBM mainframe
systems provided shared resources across multiple users.
Conceptually, the possibility of sharing the computing
resources such as memory, storage, and processing
power across multiple systems gave birth to what is
known as 'Virtualization'; wherein, each virtualized
system would be provisioned with its own virtual
computing resources. Cloud computing has given a new
dimension to the virtualization by extending its limits
and unleashing the true potential of resource sharing, on-
demand.
Being offered as a metered subscription, cloud
computing caters highly available “Software as-a-
Service”, “Platform as-a-Service”, and “Infrastructure
as-a-Service”, making it affordable and commonly
available to the public. This public cloud computing is
highly scalable and less expensive, compared to the
traditional, on-premise IT infrastructure. The subscriber
has the freedom to choose his desired platform/service to
host both, fulltime and production-ready application
services as well as development environment for a
limited period.
Public cloud platform is growing rapidly and so is its
adoption. Initiated by enterprises as a pilot project, cloud
platform is being adopted by companies of all sizes
including the startups. The rapid adoption of the cloud
computing has opened-up huge business prospects for
the cloud service providers. The organizations no longer
need to invest heavily on the IT infrastructure for the
development and testing. In terms of financial
investments, the cloud platform has ensured the safe and
seamless migration to OP-EX model. There has been a
steep reduction in Capex model and every organization
is looking for a cloud solution nowadays.
Bringing down the cost of acquisition and the
management of IT infrastructure, cloud platform has
definitely made a remarkable change in IT-Budget of the
enterprises. This in-turn will result in higher adoption
and consumption of the cloud services, leading the
bigger players of cloud.
October 2018|28
DigiTrend
Amarnath Shetty is a computer
science graduate (B.E.) with 28
years of diverse experience in
Business Management, Sales,
Marketing, People Management,
Finance Management, and Social
Work. He is an energetic, target-
oriented enthusiast and a leader
with high integrity and the ability
to envision, plan, and create
successful outcomes in complex
marker scenarios. Amarnath
founded LDS Infotech Pvt. Ltd.
19 years back with a vision to
make it the Top 50 IT Products
& Services Company in India.
He is a perfectionist by habit
and an accomplished result-
driven professional, who is
passionate about people's
growth and customer's
success. He also enjoys
being a mentor and
motivator to his team. He
believes that “If you manage
your people, business gets
managed automatically.”
Amarnath is an innovator, trend
setter, and a seasoned
entrepreneur with a track record
of continuous success that he
achieves with a perfect blend of
strategic planning, aggressive
implementation, and successful
operation.
About the Author
Amarnath Shetty
October 2018| 29
TEKNOSPIRE
Connecting FinTech Technologies for Better Living
he growing demand for cloud computing and need
Tfor uninterrupted banking and payments services
have forced the financial institutions to look at
innovative solutions. Consequently, data-driven approach
has become the key to business growth. More and more
businesses are engaging in data mining and hence, it is
important for technology providers to offer solutions that
are ready for the future. Teknospire, a FinTech business
company is leading in similar way, which delivers “BaaS” -
Banking as a Service platform –over the cloud
infrastructure. It focuses on FinTech platforms with an
active presence in emerging markets. As the name of the
company suggests, everything it creates is inspired by
technological innovation.
Meet the Entrepreneur
Vishal Gupta as the CEO leads the financial inclusion
strategy of the company along with the core team,
delivering together a solution that is most relevant and
required by the financial institutions and population in the
last mile. According to him, the only way to enable the
digitization for over two billion people globally is to obtain
a holistic banking payments solution to the financial
institutions, who serve that market.
After realizing the fact that almost fifty percent of Indian
population is still unbanked and the lack of transparency,
Vishal came up with an idea to have a banking solution
with features like mobile compatibility and offline data
access for last mile. The solution should be lightweight,
easy to use and should be compatible with any handset.
Finally, Teknospire was born with the idea planted firmly in
the ground to enable banking as the fundamental.
The Flagship Product
The only way for financial institutions to evolve digitally
would be to adopt “Digital Banking Platform” in a box and
the company’s flagship product “FinX” address all the
digital banking hindrances. “FinX”-cloud ready- is the
digital banking platform in a box, which ensures that these
financial institutions can gain on digital growth quickly
with capital, resources, and integrations dependencies.
FinX integrates with the CBS/ESB of all the sponsor banks
via open APIs based interfaces, for smaller banks to carry
out the micro-payments in the semi-urban and rural areas
where setting up branches and executing banking
operations are CAPEX intensive. The smaller FIs can enjoy
their brand equity in their respective markets while riding
over the core connectivity engines through sponsor banks.
“FinX” has the modular, cloud-ready, open APIs enabled
platforms, which offer services such as; Lean Banking,
Mobile Banking; Digital Wallet Services Suite, Micro-
Payments switch, Digital Cash Management, and cash
collections platform, BI and Analytics Engine, Reporting
and Reconciliation platform, Merchant Payments platform,
and much more.
Solving Financial Quandaries
Financial inclusion along with the digitization of
transaction set at last mile has been a challenge for the
financial institutions over the past few decades. There are
various reasons behind the lack of digitization at the last
mile.
-The mid-size financial institutions serve the last mile,
which includes corporation banks, RRBs, DCCBs, Agri
Banks, MFIs etc. These institutions have been trying to
replicate similar technology stack as of the bigger banks
working with CBS vendors, ESB vendors, merchant
payments platforms, and agency banking platforms from
multiple vendors.
-The lack of technical resources to support multiple
technologies and understanding the integration and support
structures presents a major challenge.
-The lack of capital to be able to procure the minimum set
of institutional platforms towards the digital transformation
can halt companies in digitizing process.
Packing all of this in a “Baas” offers the banks to reach to
remote areas very quickly and build new consumers and
revenue streams.
October 2018|30
We enable Financial
Inclusion for every
individual, while they
come together to build
cashless societies
Fluid Environment
The company states, “Sharp minds work the best when they
are let free and that has been the strategy for us, which has
worked amazingly well. We follow a flat organization
structure, open seating with open discussions policy. It’s a
small family and friends working together”. The firm
celebrates every single milestone and believes that it helps
in keeping the employee spirits up. One measures employee
development at Teknospire largely with cross-functional
accountability and ownership.
In terms of benefits gained by the client, Teknospire has
made choices on databases such that, all the transactional
data uses the relational properties of a DB while the non-
relational and big-data properties allow the firm to build the
analytics layers on it with specific data structures. This has
really helped the company in churning the relevant
offerings for its clients.
Global Presence
With the mission to enable banking for every individual,
Vishal and his team have expanded their reach to other
countries like Mozambique, Zambia, Nepal, Bangladesh,
and Zimbabwe. The firm is on a mission to build and
deliver the right technology, and keep it rolling with its
partner banks for the masses. Teknospire has made an
impact with quick adoption of the flagship banking platform
“FinX” across four countries and had completed over
twenty million transactions towards digitization.
Future Aid
Teknospire wants to stay as a global technology provider
and wants to support thousands of financial institutions and
SMEs. It will continue to build use cases for the various
transactions. It will improve its integration with APIs that
will allow multiple participants, including producers and
consumers, to connect and interact with each other, and
create value beneficial to all stakeholders. Through API
integration, the firm will establish consistency in common
operations such as authentication, authorization, data
models and entitlement.
““
““
Vishal Gupta
CEO
October 2018| 31
SUNNY DAYS FOR
ENTERPRISE SOFTWARE
Enterprises welcome software solutions from
Indian vendors, finally. It has been a very
interesting, and mixed at best, three-decade
journey for software product developers within India. It
is my endeavor to outline this journey.
Year 1988: I was interacting with a reputed engineering
company, helping them decide on project management
software. A well-known international magazine had
reviewed and published an article on project
management software. I was pleasantly surprised to find
“INSTAPLAN” in this list, a project management
software product from India. In 1989, when I started my
business, one of the first products I signed up for was
developed in Goa, a product that generated code for
xbase development platform, named AUTOCODE.
Soon after, I signed up for my first security software
product, PROTECTOR PLUS, developed in Bangalore.
None of these products survive today. While I have
mentioned only three products, there were many other
Indian software products, particularly in the domains of
Security and Business Applications.
The size of Indian software industry was quite miniscule
in those days. Logically, then, the Indian software
product developers should have thrived and multiplied
over these three decades with growth in economy. But
that did not happen. It would be beyond the scope of this
article to delve deep into the reasons. But briefly, the
main reasons could be attributed to (a) inability of Indian
software vendors to keep pace with technology changes;
(b) massive onslaught of international products due to
opening up of the economy and reduced import duties
and local taxes; (c) huge mismatch in financial
investments in marketing and distribution between
Indian and international vendors; and (d) clear
preference by overwhelming number of Enterprise IT
decision makers for international products vis-à-vis
Indian products.
From the late nineties to the first decade of this century,
the industry came to be dominated completely by
International products, be it the infrastructure space, or
the business applications space. Only a few Indian
software / IT product companies grew, mainly in the
business applications space (Accounting, ERP, CRM and
such), and a few in enterprise security space. In the face
of such an environment, a few dared to invest in new
software products. Fortunately, one of the key
requirements, finance, was now more easily available to
such bright start-ups, thanks to the venture capitalists.
Good news. We now have several products providing
solutions for IT infrastructure management, security and
business applications. Many of these IT solutions are
maturing to a stage where they are confidently
competing with international brands, not only in India,
but also internationally.
Better news. Indian CXOs and CIOs are now way more
open to solutions bred in India. While many CIOs even
today look for international endorsements (such as
Gartner report), many are also more confident of Indian
vendors, trusting their internal evaluation processes.
One such area where I have seen many products doing
impressive amount of work is infrastructure and
application monitoring. Even five years back, you would
have hardly found any mature product developed in
India for network monitoring, application monitoring,
asset management and helpdesk. Today, there are several
products, with a good number of customers under their
belt. They are giving a run for money to the
well-established and expensive international brands.
PRODUCTS DEVELOPED IN INDIA
October 2018|34
Expert’s Viewpoint
In a recent case, an enterprise customer replaced an
international product they were using (one of the top
products as per Gartner’s report) for network monitoring,
with a product developed in India. The customer saw
three clear advantages:
• Product Roadmap: The customer could get much better
understanding of product roadmap and could also
discuss wish list. This was pleasantly different from
their earlier interactions with representatives of
international brands, where the main interaction was
about transaction.
• RoI: The Indian products are with a new approach,
entirely created by one team, with a modern interface.
The international brands have mostly grown through
acquisition route. As a result, many of their solutions
are piecemeal, requiring procurement of multiple
modules which are often not well integrated in a single
console. Lack of integration implies loss of co-relation.
International products are also more expensive in most
cases. Better pricing, lower cost of administration and
better services give a far higher Return on Investments.
• Ease of doing business: The Indian vendors have
simpler pricing policies and support escalation is right
here in India. Prices do not fluctuate based on exchange
rate, and at times vendors show greater commercial
flexibility. This helps enterprise customers procure
Indian products with greater ease.
Similarly, I have seen products developed in India for
asset management, helpdesk, application monitoring, log
analysis, ERP, CRM, network security and many such
solution areas succeed in competing against international
brands. Many are stepping out of India to make their
presence felt globally. I hope more Indian CXOs and
CIOs will look to Indian IT vendors with greater
openness and trust, and help our brands win in India and
abroad. It is also my firm belief that we will see
multifold IT products launched from India in coming
years, thanks to the success of the current bunch. That is
a bright future for India and Indians.
Biren Shah is the Managing Director
of Adit Microsys Pvt. Ltd. and Mehl
Mastee Events Pvt. Ltd. He is an
entrepreneur with experience of over
three decades. He holds BE (Hons) from
BITS, Pilani and has completed his PG
Diploma in Industrial Engineering from
NITIE and MBA, Case Western Reserve
University, USA. He has a demonstrated
history of working in the information
technology and services industry.
ABOUT THE AUTHOR
Biren Shah
Managing Director
October 2018| 35
DEVELOPING AN ADAPTIVE
INTELLIGENCE
PROCESS IN ORACLE
CLOUD
Tech Camouflage
October 2018|36
S
ince last decade, there has been a large growth in
the machine learning and predictive analysis. This
proliferation has accommodated other data science
related solutions with it. Such technologies are used to
create various new predictive models and decision
management solutions. These tools can also be used to get
valuable information by obtaining a deeper understanding
of the data and such insights can be used to get ahead of
the competition.
Every day the World Wide Web shows us the new pages,
guides, and provides information on how organizations
can discover new patterns in their data. By using this data,
they can understand and interact with the customers in
new ways. With the advent of such technologies, firms
now have the ability to manage data science process and
lifecycle which are becoming more important and more
complex.
Companies turn their focus on an automated or semi-
automated manner in such scenarios because it takes too
much time in running scripts and performing simple tasks.
Corporations can spend on new application areas as per
their relevant requirement. Automation of data science can
help corporations in freeing up their workforce in
performing mundane and repetitive tasks. They can
concentrate on delivering data science solutions in the new
areas of the business. This automation of data science is
called adaptive intelligence. Adaptive intelligence
involves building, processing, and infrastructure
applications to the continuous monitoring, building, and
development of the machine learning models. It also
involves monitoring the effectiveness of these machine
learning models in an automated network.
Adaptive Intelligence
It is the next layer which is deployed by the organizations
after the machine learning and advanced analytics is
deployed. With each deployment of machine learning,
advanced analytics, and additional models, more
information is being generated, and hence the additional
requirement of monitoring. This generated data might
need to be gathered, assessed, and monitored.
Organizations struggle to find new methods for gathering
and monitoring data which is created, all the while saving
time working on advanced analysis and machine learning.
As the traditional processes become iterative thus, regular
data basis is required to determine if the machine learning
models need to be updated alongside the nature of data of
October 2018| 37
each of the application area. Adaptive intelligent solutions
can automate the process of monitoring the deployed
advanced analytics and machine learning and monitoring
produced data to accomplish the following:
• Self-learning models
• Self-determining, tuning and parameters
• Evaluation of new models to be adopted
• Deploying new models with relevancy to infrastructure
• Determining data between data and model behavior
• Updating dashboards with changes in data and models
Organizations that seem to embark on building the
automated adaptive intelligence are seen to have large
savings. The first advantage is to the data science team as it
frees them from mundane tasks and rerunning the various
tasks in building models and verifying the changes of
machine learning models. Consequently, they can focus on
the business problems and various other data methods used
in other areas of the organization with an aim of increasing
the business value.
The second advantage is with the automated process that
identifies new ways of deploying machine learning
methods. Quicker the models are deployed, sooner
limitations can be detected, sooner the money will be saved,
and sooner additional income generated.
Building Adaptive Intelligence Solution in Oracle Cloud
Most of the organizations can build this solution in the in-
house premise infrastructure. It is possible for one or small
numbers of data services. As the numbers of machine
learning solutions increases, the number of complexity of
data sources increases as well, organizations rely on a
different number of cloud-based solutions that work
together to obtain the results they need. This cloud
scalability makes adaptive intelligent solution one of the
next technology waves in the area of data science.
Oracle provides organizations with a large suite of
platform-as-a-service (Paas). Currently, Oracle provides
services in Data Management, Management, Security,
Application Development, Content & experience, and
integration of Business Analytics.
Oracle’s Big Data Cloud Service offers an ideal solution for
the data lake part of adaptive intelligent services. It allows
necessary data gathered from across the enterprise to be
stored. It also allows the storage of historical and transient
data, necessary to monitor and update the machine learning
models. Furthermore, it can be used for repository
components of the overall solutions.
Oracle Cloud Applications with Adaptive Intelligence
Machine learning and advanced analytics have been around
for decades and so has the implementation of adaptive
intelligence solutions. Some organizations are yet to see it
in the distant future; however, such examples are common
today. Following are the Oracle applications that have
adaptive intelligence solution built into them, and also in
the Oracle Cloud.
• Oracle Customer Experience Cloud (Oracle CX Cloud)
• Oracle Supply Chain Management Cloud (Oracle SCM
Cloud)
• Oracle Enterprise Resource Planning Cloud (Oracle ERP
Cloud)
• Oracle Human Capital Management Cloud (Oracle HCM
Cloud)
• Oracle Internet of Things Cloud ServiceOracle Student
Cloud
• Oracle Revenue Management Cloud
• Oracle Engagement Cloud
• Oracle Financial Consolidation and Close Cloud Service
• Oracle Enterprise Performance Management Cloud
(Oracle EPM Cloud)
Many of these Oracle Cloud applications use data from
Oracle Data Cloud to supplement the data collected and
generated within the applications. The advantages that these
offer over similar solutions are custom-development and its
availability from various alternative suppliers.
Adaptive Intelligence is the part of next wave of solutions
for the data science. The primary aim is to build the ALS is
to automate the process of building, deploying the advanced
analytics, and machine learning models in an organization.
The automated process allows data scientist to concentrate
on the newer application, ignoring routine and repetitive
processes. The range of cloud services available from
Oracle allows organizations to build components of ALS
using cloud services that suit best to their needs. As time
will progress, other cloud services can be included and
constantly evolve and efficiently update the machine
learning models. The less time these models use, quicker
the organizations will be in reducing costs and generating
additional costs savings.
October 2018|38
TREMPPLIN
Creating Possibilities with Innovation and Excellence
successful company employs innovative strategies
Aand out-of-the-box solutions towards achieving the
desired goals. It employs state-of-the-art
technology, research oriented procedures, and novel
methods. Such companies not only work for personal
benefits, but also look after the growth and development of
the employees, the society, and the environment at large.
One such global leader in technology consulting and
software services is Trempplin. It is a software
development, consulting, and training house based in
Bangalore, India. Leveraging its cutting edge infrastructure
and highly skilled team members, the company is able to
deliver quality software products for the business and
provide consulting services. The significant overlap of ever
changing technology and its leverage for banking products
and services has been the prime motivator for the
organization to create possibilities for the clients and the
end customers. At the same time, it trains students aspiring
to build a career in the Information Technology arena.
Embracing Technological Innovations
Trempplin Centre of Excellence (TCoE) is an Oracle silver
partner fully specialized in all financial solutions and
banking. Founded on April 24, 2016, the company’s
programs are designed to help people advance in their
career and be the achiever. It has been providing their
services in more than 10 countries globally.
Trempplin’s specialized domain expertise is combined with
proven implementation framework and a wide range of
flexible delivery options. Its aim to implement Core
Banking, Internet Banking, and Mobile Banking Solutions,
have enabled TCoE clients achieve significant milestones.
This is achieved through its experience of implementing
these solutions in multiple geographies across banks of
varying sizes and implementation complexities.
The company has been consistently delivering services and
building long lasting relationships with customers and
partners in their domain. It has always believed that its team
and the team’s experience is the key differentiator with
strong technical capability in developing interfaces, reports,
and custom built solutions. Trempplin is an independent
vendor with End-to-End Oracle FLEXCUBE
implementations. Creating possibilities is what it does
continuously as this is an integral part of its culture. The
company is now pushing boundaries in the technology
product Microflex, a path breaking web-based application
targeted towards Banks and Financial Institutions (FIs) in
emerging market economies.
About the Leader
Kalmesh Kallur is the Co-founder and Managing
Director of Trempplin.
A techno-functional expert, Kalmesh has built his career in
banking technology with significant experience in Oracle’s
FLEXCUBE core banking system, and Oracle’s SQL and
PL/SQL technology.
He enjoys debugging and problem solving as much as a
hobby and is well conversant with software development
life cycle giving him an edge in software project
management.
Kalmesh has led development and support projects in banks
across 10 countries. He is a professional in the field of
project management & have the responsibility of the
planning, procurement and execution of a project, in any
undertaking that has a defined scope, defined start and a
finish.
Customer-Oriented Products and Services
The company provides a wide range of products and
services to the clients. Its diverse array of services includes
Banking, Flexcube, Optimization (Issues Identification and
Solving Issues), Version Upgrade (System New
Requirements, Live, and Support), Business Intelligence,
Anti Money Laundering, and Consulting. It also offers
customized software development services including ERP
Development, Websites Development, HRMS Application,
Leave/Attendance Management System, School/ College
Management System, Technical Training, and so on.
October 2018|40
Creating
possibilities
is what we do
continuously
Trempplin also provides a wide variety of products
including Microflex, which is networking of branches,
which enables customers to operate their accounts and avail
Micro financing services from any branch of the
Microfinance. It also allows customers to make online Loan
Payment. MicroFlex web is available for customers to make
their Loan Payment. Customers are also provided with SMS
alert service. This allows customers to access their account
information any time 24X7, such as checking the balance,
viewing last 5 transactions, viewing payment due date of
credit card, debit card, etc. on their mobile phone.
Maintaining a Competitive and Supportive
Environment
The company strives to achieve excellence and aims to
maintain a seamless work environment. It rolls-out various
activities to ensure overall employee development. It
communicates frequently and authentically with the
employees and discusses about their issues and grievances.
The company prioritizes employee health & wellness.
Trempplin defines its mission, sets goals, and focuses on
growth and development.
The company allows the employees to break up routines
and gives all employees the opportunity to shine. It
encourages time for passion projects and rewards
employees for big wins. Trempplin provides its team the
opportunity to face challenging situations and also
celebrates their milestone achievements. The company also
motivates its employees to succeed in their career. It
facilitates friendships and cultivates amazing managers.
Tackling Challenges in this Hypercompetitive World
Trempplin defines problem solving as ‘the ability to look at
a problem, work through a potential solution and seek input
where needed to validate the approach’. It believes that
teamwork is all about being able to operate smoothly and
efficiently within a group. This includes encouraging others,
being able to compromise and put your own interests aside,
and being able to communicate with, negotiate, influence,
and advise the team.
The company believes that organizational skills and time
management go hand in hand; having good organisational
skills is about making the best use of one’s time to reach a
specific goal. It believes in the saying- ‘customer is king’
and considers flexibility and strong customer relationship as
the key to organizational growth.
““
““
Kalmesh Kallur
Co-founder &
Managing Director
October 2018| 41
THE
MAPOPHOBIC
MAPOPHILIC TRANSFORMATION
If you had chanced to look into maps made in medieval
times, the dragons, multi-headed serpents and other
strange fictional creatures marking the distant and
unexplored lands on the edges of maps must have surely
scared you. Cartographers of medieval times used the
inscription HIC SVNT LEONES (“Here are Lions”) and
notation of strange or mythical creatures to invoke the harm
that sailors feared to encounter when entering previously
uncharted territories. Mathematics has been a bitter pill for
many as kids. Nevertheless, geography and maps too have
been a phobia to many as well. From spatially locating
continents, countries, states, cities on a map to getting the
capitals right, it has been a nightmare for many
experiencing symptoms from racing hearts, sweating,
dizziness, disorientation and panic when looking at maps.
MapQuest founded in 1967 as a cartographic services
division of R.R. Donnelley & Sons launched online maps,
the web services version of present day in 1996. MapQuest
is still one of the most widely used online mapping
services. Google’s findings in 2004 that over 25% of its
searches were of a geospatial character, including searches
for maps and directions laid the foundation for its
acquisition of Keyhole, the core technology behind Google
Earth. Later in 2005, Google Maps was launched, which
first started as a C++ program designed by two Danish
brothers, Lars and Jens Eilstrup Rasmussen.
Where are we?
Thanks to web & mobile based global online map services
such as Google Maps, MapQuest, Open Street Maps and
Bing Maps to name a few, for having revolutionized the
reach of maps. We live in interesting times, where maps are
the order of the day. From daily commute to work, holiday
planning to exotic places, shortest routing for emergency
response, catastrophic natural disaster preparedness &
relief, strategic planning to global warming, maps are used
everywhere. There is a lot more awareness about
importance of location intelligence and Geographical
Information System (GIS). People are no more phobic to
maps but philic. Maps, location intelligence and GIS are
becoming part of our everyday lives sometimes even
without us being aware!
The power of location intelligence is of more importance
than ever for businesses of this age. Location intelligence is
the main stay of several disruptive innovations of today and
continues its key position in futuristic disruptive
technologies such as Internet of Things (IoT), Artificial
Intelligence (AI), Machine Learning (ML), Unmanned
Aerial Vehicle (UAV), Augmented Reality (AR), Spatial
Augmented Reality (SAR), Virtual Reality (VR),
Autonomous Vehicles (AV), Computer Vision (CV) etc.
The Challenges
With mobile/connected devices becoming ubiquitous today,
the amount of location data generated is enormous. Ever
growing location intelligence based disruptive innovations
and platforms together with disruptive technologies are
proving to be the key differentiator to businesses to improve
customer experience, drive revenue and increase
operational efficiency. Disruptive technologies like IoT, AV,
CV, UAVs etc. are delivering information that has never
been possible before, creating entirely new avenues for
geospatial data collection, while posing challenges for
geospatial data storage, retrieval and analysis. Location-
based analytics and platforms that can process and detect
trends and provide intelligence are becoming more popular.
This has resulted in greater adoption of cloud-based
platforms for enterprise GIS deployment involving big data.
Gartner, Inc. had forecast 8.4 billion connected things to be
in use worldwide in 2017, 110 percent of the world
population estimated at 7.6 billion as of April 2018, up 31
percent from 2016, and predicted to reach 20.4 billion by
2020.
Big data is all about the notorious five Vs: Volume, Variety,
Velocity and Veracity. With disruptive technologies based
location intelligence innovations and platforms growing
TO
October 2018|42
Mapping Evolution
Raghavendran S currently
works at PIXEL SOFTEK as GM
Product Management and
R&D and has over 18 years of
experience in applying GIS for
different scenarios. He is skilled
at Spatial ETL tool FME from
Safe Software, Canada,
and has vast
experience at
PIXEL
SOFTEK in
solving data
format and
data type
interoperabi
lity issues
for various
domestic
and
internationa
l clients. He
is an FME
Certied
Professional and the
only FME Certied Trainer
in India. He has sound working
knowledge of most commercial
and Open Source CAD, GIS,
spatial database, cloud
platforms. He has presented
several technical papers on GIS
in various international and
national GIS seminars,
workshops and conferences.
ABOUT THE AUTHOR
day-by-day, the big data and cloud computing industry are
faced with the challenge of geospatial big data capture,
storage, analytics, visualization and reporting
(dissemination). Besides the typical challenges posed by the
five Vs of big data, geospatial industry continues to be
trapped in the ever growing matrix of not just GIS data
formats and data types but also of non-geospatial nature.
Every Cloud has a Silver Lining
Disruptive innovations and platforms that generate and or
consume geospatial big data, quickly reach criticality,
where there is so much of (big) data that they are either
unable to handle or do not know what to do with them. In
this context ETL (Extract-Transform-Load) platforms and
specifically Spatial ETL platforms have been the silver
lining to the dark data format and data type clouds
shrouding the geospatial (big) data industry.
Incompatible systems are a thing of the past
with Spatial ETL platforms, providing
native support for location data, including
the complexity of GIS, Computer Aided
Drafting (CAD), Building Information
Model (BIM) and latest big data
eco-systems such as Hadoop. Spatial ETL
platforms such as Feature Manipulation
Engine (FME) from Safe Software
provides the much needed geospatial
(big) data conversion-transformation-
share-integration along with geospatial
analytical capabilities. Such Spatial ETL
platforms are already available on the
cloud such as Amazon AWS.
History of Big Data traces its first explosion to
1940s; the earliest documented use of the term
“information explosion”, nevertheless geospatial data has
always been Big Data. Despite challenges posed by Big
(Geospatial) Data, it has the potential to improve operations
and make quicker and intelligent decisions. Big
(Geospatial) Data when converted, transformed, shared and
or integrated appropriately using cloud based Spatial ETL
platforms, can help organisations gain useful insight to
increase revenues, better manage their assets and improve
operations geospatially, in a BIG way!
Raghavendran S
GM Product Management
& R&D
October 2018| 43
The 10 Best Oracle Partners to Watch in 2018
The 10 Best Oracle Partners to Watch in 2018
The 10 Best Oracle Partners to Watch in 2018

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The 10 Best Oracle Partners to Watch in 2018

  • 1. Offering Intelligent Banking Solutions for a Better Tomorrow PROFINCH Kiran Kumar Co-founder & Executive Director Jaskaran Singh Bhogal Co-founder & Executive Director Ashok Kumar Co-founder & Executive Director OCTOBER 2018 TO WATCH IN 2018 T H E 10ORACLE PARTNERS BEST
  • 2.
  • 3.
  • 4. Editorial arc Benioff, a well-known entrepreneur, once said, “The cloud Mservices companies of all sizes…The cloud is for everyone. The cloud is a democracy.” And we cannot agree more! Adopting the cloud technology, today, is no more an option- it has become a necessity. It brings number of advantages to the businesses, their management, and processes. There are obvious benefits that the cloud brings, like efficiency, reliability, cost reductions, scalability, better analytics, and many more. But, there are some benefits that are not even realized initially. Only after cloud migration, businesses unfold these unforeseen advantages that the cloud brings in. But before leveraging these benefits, the businesses have to successfully move to the cloud. The pathway of migrating to the cloud is filled with various challenges. These include insufficient planning, cost, security, time, and obsolete technology, to name a few. To make this tardy and not-so-easy process of cloud migration easier, faster, and cheaper, Oracle has devised a solution called ‘Oracle Soar to Cloud’- an application made for the companies that want to embrace the cloud technology with open arms, but do not know how to do that. Oracle claims that it has created the world’s first automated cloud migration solution. It brings in benefits like reduced time, decreased costs, and allows companies to stay focused on their businesses. Soar to Cloud offers tools that can identify the existing customizations and integrations present in the Oracle application, scan the parameters for configuration, and use the data to configure the Oracle ERP Cloud automatically. The whole process is made very easy and effective. “It’s now actually an easier upgrade to go from Oracle E-Business Suite to the cloud than from one version of Oracle EBS to another,” said Larry Ellison, the Oracle Executive Chairman and Chief Technology Officer. He adds, “Once you’re in the cloud, that’s the last upgrade you’ll ever do.” Cloud is the future, and beyond it there is a big blue sky of benefits waiting. And with Soar to Cloud, Oracle has made it easy for the companies, of all the sizes, to adopt and leverage these benefits. With it, most of the major problems with cloud migration are solved and with this companies can now adapt to and use the cloud technology to bridge the gap between its operations and people. Soaring into the Future with Oracle Aishwarya Nawandhar
  • 5. Editor-in-Chief Pooja M. Bansal Database Management Prashant Chevale Technology Consultant Swapnil Patil Circulation Manager Vivek Bangade Research Analyst David Business Development Executives Mohit Dhake, Prathamesh Kate Contributing Editors Aasha, DeepanjaliArt Editor Business Development Manager Akansha Garewal Visualiser Shweta Shinde Marketing Manager Dhruv Apte Picture Editor Alex Noel Art & Design Director Amol Kamble Co-designer Sapana Shinde Managing Editor Shweta Priyadarshini Senior Editor Shraddha Deshpande Anmol Preet Singh, Sneha Sinha, Ananda Kamal Das Copyright © 2018 Insights Success, All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from Insights Success. Reprint rights remain solely with Insights Success. Printed and Published by Insights Success Media and Technology Pvt. Ltd. Corporate Ofces: Insights Success Media Tech LLC 555 Metro Place North, Suite 100, Dublin, OH 43017, United States Phone - (614)-602-1754 Email: info@insightssuccess.com For Subscription: www.insightssuccess.com Insights Success Media and Technology Pvt. Ltd. th Off. No. 513 & 510, 5 Flr., Rainbow Plaza, Shivar Chowk, Pimple Saudagar, Pune, Maharashtra 411017 Phone - India: +91 7410079881/ 82/ 83/ 84/ 85 Email: info@insightssuccess.in For Subscription: www.insightssuccess.in sales@insightssuccess.com October, 2018 Follow us on : www.facebook.com/insightssuccess/ https://twitter.com/insightssuccess We are also available on : Cover Price : RS. 150/- Executive Editor Aishwarya Nawandhar
  • 6. Genius' Guide Business Insight for Executives to lift the Fog over Cloud ERP Implementation CXO 16 30 Expert’s Viewpoint Sunny Days for Enterprise Software products developed in India 34 Cover Story PronchOffering Intelligent Banking Solutions for a Better Tomorrow 08 The Mapophobic to Mapophilic Transformation Mapping Evolution 42 DigiTrend Rise of Cloud and Big Data and its effect on the Industry
  • 7. Trempplin Creating Possibilities with Innovation and Excellence ShardaTech Paving a Pathway that Leads to Innovation Teknospire Connecting FinTech Technologies for Better Living ABM Knowledgeware Digital Government that Works 26 40 30 20 Distributed Ledger Bringing Blockchain to Business with Oracle Tech Camouage Developing an Adaptive Intelligence Process in Oracle Cloud Article 22 36 CONTENTS
  • 8. he world of data witnesses continuous changes. With this constant evolution, it presents businesses Taround the globe a number of opportunities and challenges. The amount of information generated is rising every second and today, there is a significant need to find a way to manage all of this information. By integrating, recording, organizing, and analyzing data accurately, companies can reap myriads of benefits. With Oracle partners, this process is made easy. To acknowledge the leading Oracle partners in India, we bring to you this special edition of “The 10 Best Oracle Partners to Watch”. In issue, we will help you to walk through a list of companies which have made their mark with their exemplary services. With their comprehensive vision and dedication, these companies have paved a pathway to success in the marketplace. On the cover we have, Profinch Solutions Pvt. Ltd., an IT products and services company, focused on banking and financial services. Apart from these we have also included interesting overviews of various companies, which might interest you. ABM Knowledgeware Ltd., is one of the few IT companies in India with exclusive focus on e-Governance since 1998; Sharda Tech Pvt. Ltd., is a leading technology and services company providing out-of-the-box business solutions; Trempplin Centre of Excellence (TCoE), is a software developer & training institute in Bangalore; Teknospire Software Services Pvt. Ltd., is a technology company focused on Fin-Tech platforms with an active presence in an emerging market; Litmus7 Systems Consulting Pvt. Ltd., Arihant Adroit InfoSystems Pvt. Ltd., BeyonData Solutions Pvt. Ltd., Clover Infotech Pvt. Ltd., and Globalminds Advisory Services Pvt. Ltd. are some other pioneering oracle partners. We also bring you articles penned by some of the leading Entrepreneurs in this arena. The magazine also contains a few intriguing articles drafted by our in-house editorial team. Thus, do turn through the pages to embark on a knowledgeable journey! The Ultimate Oracle Partners Bridging the Gap between People and Processes
  • 9.
  • 10. Kiran Kumar Co-founder & Executive Director Jaskaran Singh Bhogal Co-founder & Executive Director
  • 11. Offering Intelligent Banking Solutions for a Better Tomorrow rofinch We focus solely on banking and nance solutions to position ourselves as the trusted partners Ashok Kumar Co-founder & Executive Director
  • 12. Banking and Finance sector is one of the pillars for the economy's development. This development is integrally linked to the country's development. Today, digitization has engulfed the Banking and Finance sector, just like it has engulfed every other sector. It is necessary for the businesses in this space to adapt to the same and remain ahead of their peers. But then again, digital transformation for this sector is very complex. Profinch Solutions Pvt. Ltd. is one such company that aims to reduce these complexities to enable successful and timely execution of transformation programs. Profinch is an IT products and services company focused on banking and financial services. It provides solutions across core banking transformations, digital banking, banking analytics, and compliance regulatory services. Profinch is passionate about delivering solutions that provide high value and agility, and hence help build lasting relationships with customers. The Trio Driving Profinch The roots of Profinch are its three co-founders Kiran Kumar, Jaskaran Singh Bhogal, and Ashok Kumar. Kiran is a well-seasoned professional with the experience of more than two decades in the banking and financial services industry. He has worked with various organizations like Oracle Financial Services Software and i-exceed solutions for bfsi consulting and enterprise mobility. He has led and managed diverse teams in the software industry- including client management, delivery, implementation and support- spanning across all continents. Its other Executive Director, Jaskaran has over 24 years’ experience in a variety of industries. He has held leadership roles in consulting practice across the globe as an accomplished professional in end-to-end conceptualization of strategies and execution of projects towards fulfillment of the strategy. His earlier experience in a variety of industries enables the development of a holistic view of strategic tasks and goals. The third pillar of Profinch, Ashok, has been involved in various roles in development of software, and implementation projects involving planning, analysis, design, interfacing, migration and support. He has displayed dexterity in management of complex deployment projects involving multiple stakeholders, especially for Citibank, worldwide. At Profinch, he heads the Development, Implementation, Support, R&D, Finance, Admin, and the HR team. The Two Lines of Business Profinch has two lines of business- Consulting and Products. Being an Oracle Platinum Partner, the company does consult for Oracle Suite of Banking Applications. These include consulting of “FLEXCUBE” the world class core-banking solution from Oracle, digital banking solution “Oracle Banking Digital Experience (OBDX), Oracle Financial Services Analytical Application (OFSAA) and Oracle Revenue Management and Billing solution (ORMB). The company resells and implements Oracle At Pronch, we believe that building customer relationship is the key to success Cover Story
  • 13. products that target the banking domain; both its domain cells, functional as well as technical. Secondly, Profinch has also built two products around the banking sector- one for the digital side and the other for the data side of the industry. The intelligent product from Profinch, FinCluez, offers business apps that cater to all roles of Bank CxO to operational users and business users. Where most of the other companies are focused on digitizing the customers, Profinch is digitizing the back-office staff as well. This platform works on a phone, a tab, or even a desktop and enables smooth workflow of entire banking operation. On the data side, Profinch provides a huge product line for data lying in the banks, be it for core banking, cards, ATMs or any application. This data normally lies with the respective system, the data is collated into a single system and organized to make the further process smoother. To ease the workflow of an organization, Profinch offers a product named FinFlowz. Outshining its Contemporaries Most of the team of Profinch, which comprises of 160+ professionals today, are from the Oracle background. The founders have more than a decade of Oracle Flexcube experience. Therefore, the company has an advantage as an Oracle partner with its deep domain knowledge and vast experience in the industry. Being agile helps Profinch to work without many constraints, enabling more innovation to generate a lot of prospects. One of the main factors distinguishing Profinch from its peers is that the company has built tools, templates, and strategies to reduce large core banking transformations, this helps to reduce the timelines and generates accuracy. “That is why the customers are really fond of us now. We are delivery-based organization and not a sales-based organization. And we have been growing based on our credibility only. Over the period of four years now, we have over 42 customers and all of them are referenceable,” says Jaskaran. An Indigenous Assistant to its Clients Along with assisting its clients incredibly, at some places Profinch has corrected its clients in a large way. A large Bank in Mauritius has successfully implemented OFSAA with the help of Profinch and became preferred vendor for the bank. Today the bank has utilized most of the products and services from Profinch' s offerings. A large bank from Ethiopia being one of prominent clients using legacy system was looking to migrate to FLEXCUBE, leveraging Profinch' s experience the bank went live with FLEXCUBE in less than 7 months, bank has over a million clients and 300 branches, Profinch was awarded by the bank for its impeccable work and reducing the timelines of delivery in a big way. We strive to offer the best consulting services and products to our customers
  • 14. Recognitions and Accolades The firm has received several prestigious awards and felicitations throughout the years for its products as well as implementation. These include recognition as the top amongst 50 Best Asian Companies by a popular magazine st and award for 1 at the top 10 at Technoviti event, India. Alongside, the African Banking Summit has awarded it as an Emerging Implementation Partner in Africa. Overcoming its Challenges Innovation is our driving fuel, we always think out of the box to predict future trends and requirements of the industry, this is what leads us to develop products and solutions that are future ready. adds Ashok. Consultation being one of its services, the company has started to productize the consulting and building the right tools. Along with that, it has started building products for the data side as well. Adopting all the emerging technologies has helped it to plug the holes and make automation even better. Additionally, Profinch goes beyond the belief “Customers are always right” to “We ensure customers always gets it right”. Converting Threats into Opportunities “Opportunity and threats both together for me is one word- Growth. Growth comes from opportunities as well as threats,” says Kiran. The company foresees a lot of opportunities in the market for growth. It currently has offices and Bangalore, Dubai, and Singapore and has been migrating towards expansion. Since, Profinch has worked purely on quality and credibility and not just on getting orders and executives, it is on a journey where people see it as a value provider. With this goodwill and opportunities in three large markets- risk compliance and regulatory reporting, core banking transformation, and digitization of data- it is poised for tremendous growth. Addressing its three major threats- compromise on quality, creating enough skills, and cash flows, Profinch has beautifully converted them into opportunities. Quality is the company's forte; it has done tremendous automation to mitigate that. To create the skills, from day one it has invested heavily in hiring fresh talent and generate a training environment. Along with initiatives like Employee Recreation Room, the work environment itself is positive and ambitious. Profinch promotes fun and work and hence, all its employees are happy and are continuously developing their skills. Coming to the third issue of cash flow, till date, it has self-sustained itself and will grow in the future. Roadmap Ahead Profinch has been growing at about 1.5 to 2x times and it plans to continue the same. However, there is the thirst for more; it wants to move up to 5 to 10x times, for which it continues to build products. In terms of market, the company is fairly in position in Africa and recently in Middle East. It plans to spread deep roots in Asia, this year. After that, it intends to expand in South America and Europe. Our credibility is built on quality
  • 15.
  • 16. Read it FirstRead it First Subscribe today Global Subscription Address : Country :City : State : Zip : Date : CORPORATE OFFICE Name : Telephone : Email : Insights Success Media and Technology Pvt. Ltd. Off No. 513 & 510, 5th Flr, Rainbow Plaza, Shivar Chowk, Pimple Saudagar, Pune, Maharashtra 411017. Phone - India: 020- 7410079881/ 82/ 83/ 84/ 85 USA: 302-319-9947 Email: info@insightssuccess.in Yes I would like to subscribe to Insights Success Magazine. Cheque should be drawn in favour of : INSIGHTS SUCCESS MEDIA AND TECH PVT. LTD.
  • 17. Management BriefCompany Name Litmus7 Systems Consulting Pvt Ltd litmus7.com Venu Gopalakrishnan CEO Litmus7's RetailSingularity innovation centers bring together the best minds in marketing, product, technology and business to imagine and deliver revolutionary solutions to the industry’s toughest problems. Arihant Adroit InfoSystems Private Limited aaisglobal.com Arihant Adroit InfoSystems is Oracle Gold Partner and is focused Oracle Enterprise Solution provider, delivering complete Oracle EBS, Siebel solutions. ABM Knowledgeware Ltd is one of the few IT companies in India with exclusive focus on e-Governance since 1998 Trempplin Centre of Excellence (TCoE) trempplin.com Trempplin is a software developer & training institute in Bangalore Kiran Kumar Co-founder & Executive Director Profinch is an IT products and services company focused on banking and financial services. Profinch Solutions Private Limited profinch.com Kalmesh Kallur Co-founder & Managing Director BeyonData Solutions Private Limited beyondata.co.in BeyonData is solely into it infrastructure administration services. It understands the importance of your production system and business continuity. Globalminds Advisory Services Private Limited globalminds.co.in Radhesh Soni Executive Director GlobalMinds is a global pioneer in system integrations and application consulting in Oracle Enterprise Products. Dipesh Prajapati Managing Director AMIT JAIN Director Prakash Rane Co-founder & Executive Director ABM Knowledgeware Limited abmindia.com Clover Infotech Private Limited cloverinfotech.com Javed Tapia Founder & Managing Director Clover Infotech, is an ISO/IEC 27001:2013 certified comprehensive IT services provider with presence in India, Singapore and the United States of America. Teknospire is a technology company focused on Fin-Tech platforms with an active presence in an emerging market. Teknospire Software Services Private Limited teknospire.com Vishal Gupta CEO ShardaTech is a leading technology and services company providing out-of-the-box business solutions. Sharda Tech Private Limited shardatech.org Prashant Gupta CEO & Founder
  • 18. loud is no more the buzzword, rather it is slowly Cgetting into the horizon of being ubiquitous just like the word technology! Today’s business executives have taken charge using “Cloud” technology as a catalyst to meet up with their business needs. Cloud ERP has been one of the most revolutionary pivots on which business has been transformed and Oracle NetSuite has been rated as the #1 Cloud ERP by leading analyst firms. By leveraging Cloud’s on demand infrastructure, elasticity to meet with varied demands, support and administer varied parts of the operations the organization has been able to boost productive, stretch their budgets and in the same context stay nimble. Based on our decade plus experience working with global business executives using Cloud ERP, please find enclosed the key aspects to consider to make a Cloud ERP Implementation project successful:- Best Practices to follow before implementing a cloud- based ERP system: • Buy in from the management and their involvement Always seek visible and demonstrated buy-in support from the CXO level to make the transition easier and faster. This is essential for the stages before, during and after implementation of the cloud ERP solution. The greater the involvement in all stages of ERP adoption: from consideration to purchase to implementation, the greater are the chances of business success. It will ensure there are fewer bottlenecks and arguments down the road. • Choose the Right Consultant for your Implementation The most important decision you will make is to choose the right consultant organization to implement your ERP project. It is important to understand and evaluate them on their core values, industry domains they have worked, longetivity and breadth of their project experience, crisis management strategy and their ownership for the success of the project. • Evaluate your implementation team’s methodology A thoughtful implementation approach is critical for the Cloud ERP success and it's important to fully vet if they will use a guided implementation approach or a full service one. For example, do they plan to spend time understanding your existing business processes? Will the implementation be tailored to your specific business needs? Are you being assigned to one subject matter expert or will you have a full team supporting you? Best Practices to ensure a successful ERP implementation: • Understanding Needs vis a vis solution capability A mismatch between needs and solution capability could be costly and cause irreparable damage to your business that you may find difficult to recover from. An assessment of needs and evaluation of new ERP system capabilities is a must to avoid the mismatch. October 2018|16 Genius’Guide
  • 19. ABOUT THE AUTHOR Biswas Nair is the Founder and Managing Director of Inspirria Cloudtech Pvt. Ltd. He has completed his Electronics Engineering from Nagpur University and MBA from Pune University. He has been one of the pioneers in Cloud based enterprise applications in India & Middle East. His passion of introducing path breaking and innovative technology solutions for the Indian enterprises motivated him to establish Inspirria Cloudtech. Today, Biswas is spearheading the vision to make Inspirria Cloudtech a leading Cloud Aggregator organisation. His other passion in life is penning Urdu Poetry and he is an ardent lover of the Urdu language. October 2018| 17 Biswas Nair Founder & Managing Director
  • 20. • Resource Realignment When an ERP system is implemented, you may discover that certain tasks are not required while new roles may be created. We may need to reallocate resources and skills after a cloud ERP implementation. • Maintain Control Your ERP implementation project should somewhat depend on schedules and timelines. This way, it is much easier to track your progress and adjust accordingly. Determine benchmarks that define success or failure, it’s unrealistic to expect any software implementation to proceed perfectly. However, that doesn’t mean you should ignore the scope or scale of mistakes and setbacks. Is there a good project plan with identified stages and a regular schedule of collaborative calls with all the team members involved? • Dry runs before going live After the system is configured and ready for use, do a series of dry runs before you actually go live. This may help you locate bottlenecks/glitches in the new system and some issues too that may have been missed. • Build Awareness Introduce your employees and help them understand the software in the best manner possible. Using videos to build awareness is a good way to consume content and refer to it. • Migration Data from your previous solution would be required in your new ERP system. Ease of migration should be a key feature for the new cloud ERP solution. The solution vendor should provide a seamless migration to the new solution. • Seeking perfection may be a barrier While you should expect a glitch free solution, complete perfection could be a pipe dream. The quality of dedicated support by the solution provider is a key criterion for selection of the solution. Checking with customer references in a similar business domain is a good way to find out the quality of support. In summary, Cloud ERP flexibility can be a good thing as your business evolves and your needs change. But it can become a liability when it comes time to standardize operations or enforce standard business operations across global business processes. Be sure to limit customization and integration to legacy systems to situations that require it. Cloud ERP implementation success isn’t something that should be left to chance. Your odds of success increase dramatically by simply adopting these and other implementation best practices. October 2018|18
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  • 22. ABM Knowledgeware Limited Digital Government that Works The Information Technology industry in India has played a key role in putting India on the global map. IT industry has been one of the most significant growth contributors for Indian economy. It has played a significant role in transforming India’s image from a slow moving bureaucratic economy to a land of innovative entrepreneurs and a global player in providing world class technology solutions and business services. It has helped India transform from a rural and agriculture- based economy to a knowledge based economy. ABM Knowledgeware Ltd. (ABM), the IT Company listed on Bombay Stock Exchange, is one of the few IT companies in India with 20 years long exclusive focus on E-governance and undisputed leadership in E-Municipality in India. ABM’s e-Governance Solutions are currently delivering more than 3 Crores G2C and G2B services yearly as on 2017-18 which has grown 8 fold in past 8 years. A Persistent Leader of the Organization Prakash Rane is the Founder & Managing Director of ABM Knowledgeware. Rane made his foray into Information Technology and pioneered his career by providing IT hardware and networking solutions to Government customers. While he was intensely involved in this business, he felt the need for competent E-government Solution Providers to Government customers. By the late 90s, he realized that an investment in e-governance could actually make a qualitative difference in citizen services or improve the efficiency of their functioning. He initiated this concept with two Government projects by subsiding it on him and left it for the government customers to pay only if it worked. Outshining amongst many of its innovative projects, ABM highlights a project, which was about improving citizen services by blending ICT and Administrative Reforms in a Collectorate and other was automating functioning of a Government department in the Secretariat. The Collectorate electronic services delivery project became a benchmark in the state and was noticed by the ecosystem. The success was overwhelming and his contribution towards the company led to the trend-setting contract for Automation of Citizen Services in 1998; which was the vital moment for the company, ‘ABM Knowledgeware’ Since then there has been no looking back and as of now ABM has the unique distinction of most number of State wide projects in e- Municipality in India, Smart governance services delivery in 23 States of India and moreover, there is a 8 fold increase in citizen services delivered in last 8 years. His contribution towards the company has been of great value to the citizens of India. Flagship Product of the Smart Government ® E-Municipality solution (MAINet 2.0) is a flagship ABM product. It is an integrated enterprise e-Municipality solution deployed and running over more than 500 e-Municipalities in India. Some of the key offerings by ABM are e-Municipality Solution, SAP Practices, Tourism Portal, Cyber security solution, Smart City Solution, Automated Building Approval System, Web Portal Development under NICSI Empanelment, Tax Reforms Solutions, Mobile Applications, ERP for Government and Accrual base Double Entry Accounting Solutions. ABM has maintained its exclusivity for being totally dedicated for e-governance sector. ABM has been working full-fledged in this sector for more than 20 years. Starting from its flagship product and ending towards its various offerings in today’s time is all into service of making the nation digitized or in simpler words ‘Smart Government’. A Team of Stalwarts ABM possesses a team of committed IT professionals of which large numbers of employees are certified on different skills to implement e-governance effectively. The project manager possesses vast experience in the e-Governance sphere, domain knowledge in citizen services delivery and the intellect to operate projects of big magnitude. ABM Knowledgeware has been the first choice by the major states of India for e-Municipality & e-Governance solutions. Some of the key differentiators for ABM are: October 2018|20
  • 23. We strive to provide best-in-class e-Governance solutions to not just meet, but exceed our client’s expectations • Unique distinction of most number of State-wide projects in e-Municipality in India. • Services delivery in 23 states of India (Central & State Government Projects) • Digital Governance services to 1000+Urban Local bodies in India. • ABM is a unique blend of technical skills and deep knowledge of Government domain. • ABM is a SEI CMMI Level 3, ISO 27001: 2013, ISO 9001: 2015 and ISO 20000-1:2011 company. Hassle-free Work Environment ABM strongly believes that company’s overall development is directly linked to its Employees Development. Therefore, the organization takes different steps for overall development of employee which eventually creates the healthy environment to work and grow: • Promoting a healthy workplace culture. • Identifying and bridging the gap through Quarterly reviews between mentor & mentees • Trainings to the identified employees to enhance their skills. • Engaging the employees on the quarterly & a biweekly basis in activities like Happy Hour, Fun day contest and so on. • Rewards & Recognition - Appreciating the employees’ contribution on a timely basis in various ways by sending appreciation letter to the employee’s family member, appreciating them during various occasions like happy hours, annual Event, etc. Progressing Forward with a Positive Outlook The company plans to expand the e-Municipality business which includes long- term relationships with customers. By giving increasingly better quality of service and retaining the patronage of these important customers ABM is adding more states as customers. The organization is blending technology with more reforms, maintaining proper processes and a sound value system to address various challenges which will be encountered in the urban sector reforms. ABM evaluates the emerging technologies for its fitment to its solutions and client’s need in an ongoing manner and takes pragmatic decisions of incorporating the same from time to time. Thus, it keeps enhancing its existing key offerings. As ABM has a number of ambitious propositions under its wing, it endeavors to enhance pre-existing offerings with regular upgrades on their technology. The organization is focusing now on the new segments like Cyber Security, smart water management solution, integrated building plan approval system, etc. ““ ““ Prakash Rane Founding & Managing Director October 2018| 21
  • 24. Bringing Bckcin to Business with Oc Industry and business, in order to grow, must accept and acknowledge the changes. Every new technology, innovation and rules and regulations have an impact on the way business is done. Today’s digital world is capricious and businesses need to upgrade themselves as quickly as possible. Oracle has been helping businesses adapt to the latest technology for years now. Its products and services are known to be robust, easy-to-handle and a facilitator to bridge the gap between technology and businesses. It was no surprise that Oracle decided to decode and ease blockchain for business use. Building Blocks Anyone who is tuned to news must have heard about blockchain technology or more precisely Bitcoin. Bitcoin is, by far, the most noticeable example of the blockchain technology. So what is a blockchain? It is a growing chain of blocks of data Distributed Ledger October 2018|22
  • 26. or records which are called blocks and are linked to each other securely using cryptography. The blocks are unique and by design, are resistant to changes. Each block consists of a cryptic hash or code to the previous link, a timestamp and transaction data. This secure chain can be easily distributed among authorized participants. It helps to establish a single, distributed source of truth for participating organizations that might not fully trust or even be aware of each other. Blockchain mitigates the use of third-party intermediaries for financial transactions thus minimizing cost and delays. Manual, error-prone processes and information redundancy is also eliminated. While banking transactions have found their way to use blockchain by using Bitcoin and Ethereum as a cryptocurrency, the uses of this technology are many. These new Digital Coins can be used across the globe no matter what a person’s nationality is. The Real Estate Industry can use blockchain to record and store the land transactions and cut down significantly on the paperwork. The healthcare industry can benefit by maintaining medical records of patients and tracing the medicines and the way they took from manufacturer to the retailer. In the Voting process it will be easier to track genuine voters and count only valid votes. Other industries too are bound to benefit from the features of blockchain technology. Oracle for Everyone’s Business Building blockchain networks, however beneficial, can be an uphill task for an organization. Oracle simplifies the process by providing Blockchain as a Service (BaaS) with its Oracle Blockchain Cloud Services (OBCS). OBCS is an Oracle managed cloud platform that lets businesses implement blockchain into their networks and organizations without really getting into the nitty-gritty of it. It is built upon The Linux Foundation’s ‘Hyperledger Fabric’ which renders it open-sourced making distributed ledger solutions and interoperability with non-Oracle entities viable. It is preassembled and includes all components like infrastructure dependencies, lifecycle management, event services, identity management, REST proxy, operations and monitoring tools under a single console. Businesses benefit from the plug- and-play integration with Oracle SaaS, on-premises applications, API management, and third-party application development environments and tools. Oracle completely manages the OBCS to provide businesses with high availability configuration, autonomous recovery agents, continuous ledger backup capabilities and multi-datacenter disaster recovery. Being an autonomous system, the OBCS is self-driving, self-securing and self-repairing. Oracle is also developing new SaaS applications in order to implement blockchain technology for common use cases, such as tracking, provenance identification, and cold chain. The experts at Oracle also help in implementation and integration, prototype and bootstrap customer projects and design and implementation. Using Oracle’s platform, an enterprise can enhance its business and exclude unnecessary processes. The transaction with distributed networks becomes more easy, transparent and secure. Audits become much easy, trustworthy and professional reducing audit costs and human errors. It will help in improving transparency across the enterprises’ IT ecosystem. Existing system processes can easily be upgraded and made faster and better. Frauds can be easily detected and in time thus reducing the cost involved. The risk of a single point of failure can be effectively reduced. Blockchain, a new and emerging technology is set to impact all industries. The world is recognizing the inherent value of distributed ledgers and smart contracts. It can make interactions more secure, transparent, efficient and cost-effective. The enterprises that are willing to transform and embrace the new technology can rely on Oracle to provide them with the required ingredient in form of Oracle Blockchain Cloud Services. October 2018|24
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  • 28. SHARDATECH Paving a Pathway that Leads to Innovation eaching the line of success after establishing a Rbusiness is not an easy task. All the organizations are grappling to be better tomorrow than they are today. The main concerns in this process are to increase the sales and increase the team productivity. This is where ERP systems come to aid. With rapidly advancing technology, staying at pace with it is another major challenge. ShardaTech, a leading technology and services company, is one of the prominent partners for organizations that help them to transform their businesses and enable further growth. Established in Greater Noida, the company offers a comprehensive portfolio of providing world-class services and solutions in ERP and Digital Marketing. The preeminent goal of the organization is to revolutionize the education industry. Today, it has extended its services to healthcare, finance, and other business sectors as well. ShardaTech envisions to raise the bar for service delivery and to provide the best value in knowledge-based sectors through innovation, drive, and commitment. Its team of highly-qualified, motivated, and energetic individuals aims to add value to modern-day institutes, universities, and businesses by ensuring that every idea, every project, and every proposed method is put under thorough testing and is reviewed before implementation. The Luminary Leading ShardaTech Prashant Gupta is the Founder and CEO of ShardaTech. He brings with him a relentless drive for innovation and a passion for digitalized education. After completing his degree in Management from Nottingham Business School, he took over his responsibilities as the Executive Director of Sharda University in the beginning of the year 2012. He established ShardaTech in 2016 with a vision of providing cutting-edge technological solutions not only in India but around the globe. Prashant is always on a lookout to find out new trends and future technological solutions for the society and is an active supporter of the notion- “Digital India”. “I see technology as the main driver for economic progress and social benefit. It is an enabler to achieve the broader vision of ensuring basic human rights to every citizen like first-class education, healthcare, and a better quality of life,” says Prashant. He has won many prestigious awards through the years, one of the most recent and eminent one being “40 Most Influential Asians Under 40” by a renowned magazine. Ingenious Products and Services ShardaTech provides ERP and digital marketing services to its clients in order to empower them to produce maximum results. It specializes in digital marketing services giving online visibility to its customers’ businesses via social media marketing, search engine marketing, SEO, content marketing, and other traction-inducing strategies. ShardaTech helps organizations in maximizing profit and exponentially growing their businesses. Alongside, through Oracle PeopleSoft Business Solutions, the company offers services like IT & Business Consulting, Implementation, Upgradation, and Support. Its products include Technical and Functional Consulting, Web and Mobile App development, Software and Business solutions. The organization delivers high quality, out-of-the-box solutions augmenting customers' businesses along with providing them a competitive advantage over other players in the market. “Our customer centric solutions shape the relationship that we have with our clients. We find it imperative to pair the right talents with our clients, every time, because quality work isn’t just derived by skill but by the will and ability of everyone to work well together,” asserts Prashant. A “Clients First” Company Talking about the company’s customer-centricity, the CEO asserts, “It is the mantra that good business means always putting the needs of your client above your own and combining this with an unrelenting focus, we have always been able to exceed expectations”. ShardaTech’s mission is to ensure purpose fulfillment of its clients by understanding, effective collaboration, and supreme business ethics. At ShardaTech, they intensely follow the policy of balancing stability and innovation. The point of view of their clients matters the most to the company. The firm is quick to respond to every concern that October 2018|26
  • 29. We are on a mission to provide the best Quality, Value, and Services to meet our customers’ business goals its customers have and ensures the confidentiality of work. Experts at ShardaTech don’t refrain themselves from providing their honest opinions to the customers regarding their current business plans and suggesting changes that can help them improve. The company supports businesses right from the beginning till the completion of the project and does a regular evaluation and changes in the business plan to keep up with the changing market environment in the long-term. It strives to establish long-lasting relationships and exceed the expectations of its clients with every project. A Dynamic Work Environment Establishing a high level of integrity and respect, along with a fun work environment, substantial opportunities to learn and staying engaged; organizing fun activities for the team and nurturing their talent has contributed to ShardaTech’s happy and productive work environment. It provides extensive educational opportunities to its employees so that they can upgrade their knowledge and advance their careers. The company fosters a ‘lead by example’ environment that supports mutual trust, transparency, and full disclosure. These core values are the guiding force backing all of its initiatives. “With a will to win, we respect the suggestions and opinions of our client and our employees,” the management says. Future Endeavors ShardaTech has now embarked on an exciting journey to build some highly innovative solutions on mobile and AI platform which will help to address the challenges of higher education, healthcare, and other business sectors in the future efficiently. It aspires to build an end-to-end product for its clients that is assisted by AI and is driven by analytics. The company wants to take an active part in revolutionizing the industry by developing cutting-edge products taking future trends and changing consumer behaviors into consideration. “We believe that big challenges call for earnest conviction, and that’s what ShardaTech strives to achieve,” says the CEO. ““ ““ Mr. Prashant Gupta CEO & founder October 2018| 27
  • 30. Rise of CLOUD AND BIG DATA and its Effect on the INDUSTRY C loud computing is not a new technology in the computing world. In fact, it is just the refined form of virtualization, effectively redefining the process of provisioning and sharing resources across multiple systems. Cloud computing has its roots originating as early as 1950's, when IBM mainframe systems provided shared resources across multiple users. Conceptually, the possibility of sharing the computing resources such as memory, storage, and processing power across multiple systems gave birth to what is known as 'Virtualization'; wherein, each virtualized system would be provisioned with its own virtual computing resources. Cloud computing has given a new dimension to the virtualization by extending its limits and unleashing the true potential of resource sharing, on- demand. Being offered as a metered subscription, cloud computing caters highly available “Software as-a- Service”, “Platform as-a-Service”, and “Infrastructure as-a-Service”, making it affordable and commonly available to the public. This public cloud computing is highly scalable and less expensive, compared to the traditional, on-premise IT infrastructure. The subscriber has the freedom to choose his desired platform/service to host both, fulltime and production-ready application services as well as development environment for a limited period. Public cloud platform is growing rapidly and so is its adoption. Initiated by enterprises as a pilot project, cloud platform is being adopted by companies of all sizes including the startups. The rapid adoption of the cloud computing has opened-up huge business prospects for the cloud service providers. The organizations no longer need to invest heavily on the IT infrastructure for the development and testing. In terms of financial investments, the cloud platform has ensured the safe and seamless migration to OP-EX model. There has been a steep reduction in Capex model and every organization is looking for a cloud solution nowadays. Bringing down the cost of acquisition and the management of IT infrastructure, cloud platform has definitely made a remarkable change in IT-Budget of the enterprises. This in-turn will result in higher adoption and consumption of the cloud services, leading the bigger players of cloud. October 2018|28 DigiTrend
  • 31. Amarnath Shetty is a computer science graduate (B.E.) with 28 years of diverse experience in Business Management, Sales, Marketing, People Management, Finance Management, and Social Work. He is an energetic, target- oriented enthusiast and a leader with high integrity and the ability to envision, plan, and create successful outcomes in complex marker scenarios. Amarnath founded LDS Infotech Pvt. Ltd. 19 years back with a vision to make it the Top 50 IT Products & Services Company in India. He is a perfectionist by habit and an accomplished result- driven professional, who is passionate about people's growth and customer's success. He also enjoys being a mentor and motivator to his team. He believes that “If you manage your people, business gets managed automatically.” Amarnath is an innovator, trend setter, and a seasoned entrepreneur with a track record of continuous success that he achieves with a perfect blend of strategic planning, aggressive implementation, and successful operation. About the Author Amarnath Shetty October 2018| 29
  • 32. TEKNOSPIRE Connecting FinTech Technologies for Better Living he growing demand for cloud computing and need Tfor uninterrupted banking and payments services have forced the financial institutions to look at innovative solutions. Consequently, data-driven approach has become the key to business growth. More and more businesses are engaging in data mining and hence, it is important for technology providers to offer solutions that are ready for the future. Teknospire, a FinTech business company is leading in similar way, which delivers “BaaS” - Banking as a Service platform –over the cloud infrastructure. It focuses on FinTech platforms with an active presence in emerging markets. As the name of the company suggests, everything it creates is inspired by technological innovation. Meet the Entrepreneur Vishal Gupta as the CEO leads the financial inclusion strategy of the company along with the core team, delivering together a solution that is most relevant and required by the financial institutions and population in the last mile. According to him, the only way to enable the digitization for over two billion people globally is to obtain a holistic banking payments solution to the financial institutions, who serve that market. After realizing the fact that almost fifty percent of Indian population is still unbanked and the lack of transparency, Vishal came up with an idea to have a banking solution with features like mobile compatibility and offline data access for last mile. The solution should be lightweight, easy to use and should be compatible with any handset. Finally, Teknospire was born with the idea planted firmly in the ground to enable banking as the fundamental. The Flagship Product The only way for financial institutions to evolve digitally would be to adopt “Digital Banking Platform” in a box and the company’s flagship product “FinX” address all the digital banking hindrances. “FinX”-cloud ready- is the digital banking platform in a box, which ensures that these financial institutions can gain on digital growth quickly with capital, resources, and integrations dependencies. FinX integrates with the CBS/ESB of all the sponsor banks via open APIs based interfaces, for smaller banks to carry out the micro-payments in the semi-urban and rural areas where setting up branches and executing banking operations are CAPEX intensive. The smaller FIs can enjoy their brand equity in their respective markets while riding over the core connectivity engines through sponsor banks. “FinX” has the modular, cloud-ready, open APIs enabled platforms, which offer services such as; Lean Banking, Mobile Banking; Digital Wallet Services Suite, Micro- Payments switch, Digital Cash Management, and cash collections platform, BI and Analytics Engine, Reporting and Reconciliation platform, Merchant Payments platform, and much more. Solving Financial Quandaries Financial inclusion along with the digitization of transaction set at last mile has been a challenge for the financial institutions over the past few decades. There are various reasons behind the lack of digitization at the last mile. -The mid-size financial institutions serve the last mile, which includes corporation banks, RRBs, DCCBs, Agri Banks, MFIs etc. These institutions have been trying to replicate similar technology stack as of the bigger banks working with CBS vendors, ESB vendors, merchant payments platforms, and agency banking platforms from multiple vendors. -The lack of technical resources to support multiple technologies and understanding the integration and support structures presents a major challenge. -The lack of capital to be able to procure the minimum set of institutional platforms towards the digital transformation can halt companies in digitizing process. Packing all of this in a “Baas” offers the banks to reach to remote areas very quickly and build new consumers and revenue streams. October 2018|30
  • 33. We enable Financial Inclusion for every individual, while they come together to build cashless societies Fluid Environment The company states, “Sharp minds work the best when they are let free and that has been the strategy for us, which has worked amazingly well. We follow a flat organization structure, open seating with open discussions policy. It’s a small family and friends working together”. The firm celebrates every single milestone and believes that it helps in keeping the employee spirits up. One measures employee development at Teknospire largely with cross-functional accountability and ownership. In terms of benefits gained by the client, Teknospire has made choices on databases such that, all the transactional data uses the relational properties of a DB while the non- relational and big-data properties allow the firm to build the analytics layers on it with specific data structures. This has really helped the company in churning the relevant offerings for its clients. Global Presence With the mission to enable banking for every individual, Vishal and his team have expanded their reach to other countries like Mozambique, Zambia, Nepal, Bangladesh, and Zimbabwe. The firm is on a mission to build and deliver the right technology, and keep it rolling with its partner banks for the masses. Teknospire has made an impact with quick adoption of the flagship banking platform “FinX” across four countries and had completed over twenty million transactions towards digitization. Future Aid Teknospire wants to stay as a global technology provider and wants to support thousands of financial institutions and SMEs. It will continue to build use cases for the various transactions. It will improve its integration with APIs that will allow multiple participants, including producers and consumers, to connect and interact with each other, and create value beneficial to all stakeholders. Through API integration, the firm will establish consistency in common operations such as authentication, authorization, data models and entitlement. ““ ““ Vishal Gupta CEO October 2018| 31
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  • 36. SUNNY DAYS FOR ENTERPRISE SOFTWARE Enterprises welcome software solutions from Indian vendors, finally. It has been a very interesting, and mixed at best, three-decade journey for software product developers within India. It is my endeavor to outline this journey. Year 1988: I was interacting with a reputed engineering company, helping them decide on project management software. A well-known international magazine had reviewed and published an article on project management software. I was pleasantly surprised to find “INSTAPLAN” in this list, a project management software product from India. In 1989, when I started my business, one of the first products I signed up for was developed in Goa, a product that generated code for xbase development platform, named AUTOCODE. Soon after, I signed up for my first security software product, PROTECTOR PLUS, developed in Bangalore. None of these products survive today. While I have mentioned only three products, there were many other Indian software products, particularly in the domains of Security and Business Applications. The size of Indian software industry was quite miniscule in those days. Logically, then, the Indian software product developers should have thrived and multiplied over these three decades with growth in economy. But that did not happen. It would be beyond the scope of this article to delve deep into the reasons. But briefly, the main reasons could be attributed to (a) inability of Indian software vendors to keep pace with technology changes; (b) massive onslaught of international products due to opening up of the economy and reduced import duties and local taxes; (c) huge mismatch in financial investments in marketing and distribution between Indian and international vendors; and (d) clear preference by overwhelming number of Enterprise IT decision makers for international products vis-à-vis Indian products. From the late nineties to the first decade of this century, the industry came to be dominated completely by International products, be it the infrastructure space, or the business applications space. Only a few Indian software / IT product companies grew, mainly in the business applications space (Accounting, ERP, CRM and such), and a few in enterprise security space. In the face of such an environment, a few dared to invest in new software products. Fortunately, one of the key requirements, finance, was now more easily available to such bright start-ups, thanks to the venture capitalists. Good news. We now have several products providing solutions for IT infrastructure management, security and business applications. Many of these IT solutions are maturing to a stage where they are confidently competing with international brands, not only in India, but also internationally. Better news. Indian CXOs and CIOs are now way more open to solutions bred in India. While many CIOs even today look for international endorsements (such as Gartner report), many are also more confident of Indian vendors, trusting their internal evaluation processes. One such area where I have seen many products doing impressive amount of work is infrastructure and application monitoring. Even five years back, you would have hardly found any mature product developed in India for network monitoring, application monitoring, asset management and helpdesk. Today, there are several products, with a good number of customers under their belt. They are giving a run for money to the well-established and expensive international brands. PRODUCTS DEVELOPED IN INDIA October 2018|34 Expert’s Viewpoint
  • 37. In a recent case, an enterprise customer replaced an international product they were using (one of the top products as per Gartner’s report) for network monitoring, with a product developed in India. The customer saw three clear advantages: • Product Roadmap: The customer could get much better understanding of product roadmap and could also discuss wish list. This was pleasantly different from their earlier interactions with representatives of international brands, where the main interaction was about transaction. • RoI: The Indian products are with a new approach, entirely created by one team, with a modern interface. The international brands have mostly grown through acquisition route. As a result, many of their solutions are piecemeal, requiring procurement of multiple modules which are often not well integrated in a single console. Lack of integration implies loss of co-relation. International products are also more expensive in most cases. Better pricing, lower cost of administration and better services give a far higher Return on Investments. • Ease of doing business: The Indian vendors have simpler pricing policies and support escalation is right here in India. Prices do not fluctuate based on exchange rate, and at times vendors show greater commercial flexibility. This helps enterprise customers procure Indian products with greater ease. Similarly, I have seen products developed in India for asset management, helpdesk, application monitoring, log analysis, ERP, CRM, network security and many such solution areas succeed in competing against international brands. Many are stepping out of India to make their presence felt globally. I hope more Indian CXOs and CIOs will look to Indian IT vendors with greater openness and trust, and help our brands win in India and abroad. It is also my firm belief that we will see multifold IT products launched from India in coming years, thanks to the success of the current bunch. That is a bright future for India and Indians. Biren Shah is the Managing Director of Adit Microsys Pvt. Ltd. and Mehl Mastee Events Pvt. Ltd. He is an entrepreneur with experience of over three decades. He holds BE (Hons) from BITS, Pilani and has completed his PG Diploma in Industrial Engineering from NITIE and MBA, Case Western Reserve University, USA. He has a demonstrated history of working in the information technology and services industry. ABOUT THE AUTHOR Biren Shah Managing Director October 2018| 35
  • 38. DEVELOPING AN ADAPTIVE INTELLIGENCE PROCESS IN ORACLE CLOUD Tech Camouflage October 2018|36
  • 39. S ince last decade, there has been a large growth in the machine learning and predictive analysis. This proliferation has accommodated other data science related solutions with it. Such technologies are used to create various new predictive models and decision management solutions. These tools can also be used to get valuable information by obtaining a deeper understanding of the data and such insights can be used to get ahead of the competition. Every day the World Wide Web shows us the new pages, guides, and provides information on how organizations can discover new patterns in their data. By using this data, they can understand and interact with the customers in new ways. With the advent of such technologies, firms now have the ability to manage data science process and lifecycle which are becoming more important and more complex. Companies turn their focus on an automated or semi- automated manner in such scenarios because it takes too much time in running scripts and performing simple tasks. Corporations can spend on new application areas as per their relevant requirement. Automation of data science can help corporations in freeing up their workforce in performing mundane and repetitive tasks. They can concentrate on delivering data science solutions in the new areas of the business. This automation of data science is called adaptive intelligence. Adaptive intelligence involves building, processing, and infrastructure applications to the continuous monitoring, building, and development of the machine learning models. It also involves monitoring the effectiveness of these machine learning models in an automated network. Adaptive Intelligence It is the next layer which is deployed by the organizations after the machine learning and advanced analytics is deployed. With each deployment of machine learning, advanced analytics, and additional models, more information is being generated, and hence the additional requirement of monitoring. This generated data might need to be gathered, assessed, and monitored. Organizations struggle to find new methods for gathering and monitoring data which is created, all the while saving time working on advanced analysis and machine learning. As the traditional processes become iterative thus, regular data basis is required to determine if the machine learning models need to be updated alongside the nature of data of October 2018| 37
  • 40. each of the application area. Adaptive intelligent solutions can automate the process of monitoring the deployed advanced analytics and machine learning and monitoring produced data to accomplish the following: • Self-learning models • Self-determining, tuning and parameters • Evaluation of new models to be adopted • Deploying new models with relevancy to infrastructure • Determining data between data and model behavior • Updating dashboards with changes in data and models Organizations that seem to embark on building the automated adaptive intelligence are seen to have large savings. The first advantage is to the data science team as it frees them from mundane tasks and rerunning the various tasks in building models and verifying the changes of machine learning models. Consequently, they can focus on the business problems and various other data methods used in other areas of the organization with an aim of increasing the business value. The second advantage is with the automated process that identifies new ways of deploying machine learning methods. Quicker the models are deployed, sooner limitations can be detected, sooner the money will be saved, and sooner additional income generated. Building Adaptive Intelligence Solution in Oracle Cloud Most of the organizations can build this solution in the in- house premise infrastructure. It is possible for one or small numbers of data services. As the numbers of machine learning solutions increases, the number of complexity of data sources increases as well, organizations rely on a different number of cloud-based solutions that work together to obtain the results they need. This cloud scalability makes adaptive intelligent solution one of the next technology waves in the area of data science. Oracle provides organizations with a large suite of platform-as-a-service (Paas). Currently, Oracle provides services in Data Management, Management, Security, Application Development, Content & experience, and integration of Business Analytics. Oracle’s Big Data Cloud Service offers an ideal solution for the data lake part of adaptive intelligent services. It allows necessary data gathered from across the enterprise to be stored. It also allows the storage of historical and transient data, necessary to monitor and update the machine learning models. Furthermore, it can be used for repository components of the overall solutions. Oracle Cloud Applications with Adaptive Intelligence Machine learning and advanced analytics have been around for decades and so has the implementation of adaptive intelligence solutions. Some organizations are yet to see it in the distant future; however, such examples are common today. Following are the Oracle applications that have adaptive intelligence solution built into them, and also in the Oracle Cloud. • Oracle Customer Experience Cloud (Oracle CX Cloud) • Oracle Supply Chain Management Cloud (Oracle SCM Cloud) • Oracle Enterprise Resource Planning Cloud (Oracle ERP Cloud) • Oracle Human Capital Management Cloud (Oracle HCM Cloud) • Oracle Internet of Things Cloud ServiceOracle Student Cloud • Oracle Revenue Management Cloud • Oracle Engagement Cloud • Oracle Financial Consolidation and Close Cloud Service • Oracle Enterprise Performance Management Cloud (Oracle EPM Cloud) Many of these Oracle Cloud applications use data from Oracle Data Cloud to supplement the data collected and generated within the applications. The advantages that these offer over similar solutions are custom-development and its availability from various alternative suppliers. Adaptive Intelligence is the part of next wave of solutions for the data science. The primary aim is to build the ALS is to automate the process of building, deploying the advanced analytics, and machine learning models in an organization. The automated process allows data scientist to concentrate on the newer application, ignoring routine and repetitive processes. The range of cloud services available from Oracle allows organizations to build components of ALS using cloud services that suit best to their needs. As time will progress, other cloud services can be included and constantly evolve and efficiently update the machine learning models. The less time these models use, quicker the organizations will be in reducing costs and generating additional costs savings. October 2018|38
  • 41.
  • 42. TREMPPLIN Creating Possibilities with Innovation and Excellence successful company employs innovative strategies Aand out-of-the-box solutions towards achieving the desired goals. It employs state-of-the-art technology, research oriented procedures, and novel methods. Such companies not only work for personal benefits, but also look after the growth and development of the employees, the society, and the environment at large. One such global leader in technology consulting and software services is Trempplin. It is a software development, consulting, and training house based in Bangalore, India. Leveraging its cutting edge infrastructure and highly skilled team members, the company is able to deliver quality software products for the business and provide consulting services. The significant overlap of ever changing technology and its leverage for banking products and services has been the prime motivator for the organization to create possibilities for the clients and the end customers. At the same time, it trains students aspiring to build a career in the Information Technology arena. Embracing Technological Innovations Trempplin Centre of Excellence (TCoE) is an Oracle silver partner fully specialized in all financial solutions and banking. Founded on April 24, 2016, the company’s programs are designed to help people advance in their career and be the achiever. It has been providing their services in more than 10 countries globally. Trempplin’s specialized domain expertise is combined with proven implementation framework and a wide range of flexible delivery options. Its aim to implement Core Banking, Internet Banking, and Mobile Banking Solutions, have enabled TCoE clients achieve significant milestones. This is achieved through its experience of implementing these solutions in multiple geographies across banks of varying sizes and implementation complexities. The company has been consistently delivering services and building long lasting relationships with customers and partners in their domain. It has always believed that its team and the team’s experience is the key differentiator with strong technical capability in developing interfaces, reports, and custom built solutions. Trempplin is an independent vendor with End-to-End Oracle FLEXCUBE implementations. Creating possibilities is what it does continuously as this is an integral part of its culture. The company is now pushing boundaries in the technology product Microflex, a path breaking web-based application targeted towards Banks and Financial Institutions (FIs) in emerging market economies. About the Leader Kalmesh Kallur is the Co-founder and Managing Director of Trempplin. A techno-functional expert, Kalmesh has built his career in banking technology with significant experience in Oracle’s FLEXCUBE core banking system, and Oracle’s SQL and PL/SQL technology. He enjoys debugging and problem solving as much as a hobby and is well conversant with software development life cycle giving him an edge in software project management. Kalmesh has led development and support projects in banks across 10 countries. He is a professional in the field of project management & have the responsibility of the planning, procurement and execution of a project, in any undertaking that has a defined scope, defined start and a finish. Customer-Oriented Products and Services The company provides a wide range of products and services to the clients. Its diverse array of services includes Banking, Flexcube, Optimization (Issues Identification and Solving Issues), Version Upgrade (System New Requirements, Live, and Support), Business Intelligence, Anti Money Laundering, and Consulting. It also offers customized software development services including ERP Development, Websites Development, HRMS Application, Leave/Attendance Management System, School/ College Management System, Technical Training, and so on. October 2018|40
  • 43. Creating possibilities is what we do continuously Trempplin also provides a wide variety of products including Microflex, which is networking of branches, which enables customers to operate their accounts and avail Micro financing services from any branch of the Microfinance. It also allows customers to make online Loan Payment. MicroFlex web is available for customers to make their Loan Payment. Customers are also provided with SMS alert service. This allows customers to access their account information any time 24X7, such as checking the balance, viewing last 5 transactions, viewing payment due date of credit card, debit card, etc. on their mobile phone. Maintaining a Competitive and Supportive Environment The company strives to achieve excellence and aims to maintain a seamless work environment. It rolls-out various activities to ensure overall employee development. It communicates frequently and authentically with the employees and discusses about their issues and grievances. The company prioritizes employee health & wellness. Trempplin defines its mission, sets goals, and focuses on growth and development. The company allows the employees to break up routines and gives all employees the opportunity to shine. It encourages time for passion projects and rewards employees for big wins. Trempplin provides its team the opportunity to face challenging situations and also celebrates their milestone achievements. The company also motivates its employees to succeed in their career. It facilitates friendships and cultivates amazing managers. Tackling Challenges in this Hypercompetitive World Trempplin defines problem solving as ‘the ability to look at a problem, work through a potential solution and seek input where needed to validate the approach’. It believes that teamwork is all about being able to operate smoothly and efficiently within a group. This includes encouraging others, being able to compromise and put your own interests aside, and being able to communicate with, negotiate, influence, and advise the team. The company believes that organizational skills and time management go hand in hand; having good organisational skills is about making the best use of one’s time to reach a specific goal. It believes in the saying- ‘customer is king’ and considers flexibility and strong customer relationship as the key to organizational growth. ““ ““ Kalmesh Kallur Co-founder & Managing Director October 2018| 41
  • 44. THE MAPOPHOBIC MAPOPHILIC TRANSFORMATION If you had chanced to look into maps made in medieval times, the dragons, multi-headed serpents and other strange fictional creatures marking the distant and unexplored lands on the edges of maps must have surely scared you. Cartographers of medieval times used the inscription HIC SVNT LEONES (“Here are Lions”) and notation of strange or mythical creatures to invoke the harm that sailors feared to encounter when entering previously uncharted territories. Mathematics has been a bitter pill for many as kids. Nevertheless, geography and maps too have been a phobia to many as well. From spatially locating continents, countries, states, cities on a map to getting the capitals right, it has been a nightmare for many experiencing symptoms from racing hearts, sweating, dizziness, disorientation and panic when looking at maps. MapQuest founded in 1967 as a cartographic services division of R.R. Donnelley & Sons launched online maps, the web services version of present day in 1996. MapQuest is still one of the most widely used online mapping services. Google’s findings in 2004 that over 25% of its searches were of a geospatial character, including searches for maps and directions laid the foundation for its acquisition of Keyhole, the core technology behind Google Earth. Later in 2005, Google Maps was launched, which first started as a C++ program designed by two Danish brothers, Lars and Jens Eilstrup Rasmussen. Where are we? Thanks to web & mobile based global online map services such as Google Maps, MapQuest, Open Street Maps and Bing Maps to name a few, for having revolutionized the reach of maps. We live in interesting times, where maps are the order of the day. From daily commute to work, holiday planning to exotic places, shortest routing for emergency response, catastrophic natural disaster preparedness & relief, strategic planning to global warming, maps are used everywhere. There is a lot more awareness about importance of location intelligence and Geographical Information System (GIS). People are no more phobic to maps but philic. Maps, location intelligence and GIS are becoming part of our everyday lives sometimes even without us being aware! The power of location intelligence is of more importance than ever for businesses of this age. Location intelligence is the main stay of several disruptive innovations of today and continues its key position in futuristic disruptive technologies such as Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), Unmanned Aerial Vehicle (UAV), Augmented Reality (AR), Spatial Augmented Reality (SAR), Virtual Reality (VR), Autonomous Vehicles (AV), Computer Vision (CV) etc. The Challenges With mobile/connected devices becoming ubiquitous today, the amount of location data generated is enormous. Ever growing location intelligence based disruptive innovations and platforms together with disruptive technologies are proving to be the key differentiator to businesses to improve customer experience, drive revenue and increase operational efficiency. Disruptive technologies like IoT, AV, CV, UAVs etc. are delivering information that has never been possible before, creating entirely new avenues for geospatial data collection, while posing challenges for geospatial data storage, retrieval and analysis. Location- based analytics and platforms that can process and detect trends and provide intelligence are becoming more popular. This has resulted in greater adoption of cloud-based platforms for enterprise GIS deployment involving big data. Gartner, Inc. had forecast 8.4 billion connected things to be in use worldwide in 2017, 110 percent of the world population estimated at 7.6 billion as of April 2018, up 31 percent from 2016, and predicted to reach 20.4 billion by 2020. Big data is all about the notorious five Vs: Volume, Variety, Velocity and Veracity. With disruptive technologies based location intelligence innovations and platforms growing TO October 2018|42 Mapping Evolution
  • 45. Raghavendran S currently works at PIXEL SOFTEK as GM Product Management and R&D and has over 18 years of experience in applying GIS for different scenarios. He is skilled at Spatial ETL tool FME from Safe Software, Canada, and has vast experience at PIXEL SOFTEK in solving data format and data type interoperabi lity issues for various domestic and internationa l clients. He is an FME Certied Professional and the only FME Certied Trainer in India. He has sound working knowledge of most commercial and Open Source CAD, GIS, spatial database, cloud platforms. He has presented several technical papers on GIS in various international and national GIS seminars, workshops and conferences. ABOUT THE AUTHOR day-by-day, the big data and cloud computing industry are faced with the challenge of geospatial big data capture, storage, analytics, visualization and reporting (dissemination). Besides the typical challenges posed by the five Vs of big data, geospatial industry continues to be trapped in the ever growing matrix of not just GIS data formats and data types but also of non-geospatial nature. Every Cloud has a Silver Lining Disruptive innovations and platforms that generate and or consume geospatial big data, quickly reach criticality, where there is so much of (big) data that they are either unable to handle or do not know what to do with them. In this context ETL (Extract-Transform-Load) platforms and specifically Spatial ETL platforms have been the silver lining to the dark data format and data type clouds shrouding the geospatial (big) data industry. Incompatible systems are a thing of the past with Spatial ETL platforms, providing native support for location data, including the complexity of GIS, Computer Aided Drafting (CAD), Building Information Model (BIM) and latest big data eco-systems such as Hadoop. Spatial ETL platforms such as Feature Manipulation Engine (FME) from Safe Software provides the much needed geospatial (big) data conversion-transformation- share-integration along with geospatial analytical capabilities. Such Spatial ETL platforms are already available on the cloud such as Amazon AWS. History of Big Data traces its first explosion to 1940s; the earliest documented use of the term “information explosion”, nevertheless geospatial data has always been Big Data. Despite challenges posed by Big (Geospatial) Data, it has the potential to improve operations and make quicker and intelligent decisions. Big (Geospatial) Data when converted, transformed, shared and or integrated appropriately using cloud based Spatial ETL platforms, can help organisations gain useful insight to increase revenues, better manage their assets and improve operations geospatially, in a BIG way! Raghavendran S GM Product Management & R&D October 2018| 43