Tuesday 15 December 2015

STUMBLING INTO HAPPINESS

It was a beautiful January morning. I was enjoying the sun in my balcony when I heard my mom say, “An Art of Living happiness course is taking place not far away. It teaches you to remain happy and full of energy.”

This was not something I had expected to listen early in the morning. “I am already happy and no course can teach you how to remain happy in a span of six days,” I said. It was as if my family members had already been expecting this response—they started persuading me to join this course. But I was adamant.

Gradually, I got curious about the Art of Living. I started looking it up on the internet. Many participants praised the course on the web. But I was not ready to believe a transformative change could take place within a short span. Hence, to prove myself right, I made up my mind to take part in this course. 

My first day in the course was boring. Yes, I was taught certain breathing patterns, which helped me increase my energy levels. But, I felt this was taught in other yoga classes as well. I had almost made up my mind for a refund. Just then, I overheard participants talking about Sudarshan Kriya, which would be taught on the second day.

This got me curious. Sudarshan Kriya on the second day could prove me right—or wrong. So I entered the workshop again, doubting it as usual. This day proved far more interesting--we discussed so many aspects of life. Every participant could voice his or her opinion. From each of these discourses, we learnt something new. The small discussions were thought-provoking and brought a transformative change.

Finally, the Sudarshan Kriya was about to start. I could sense excitement among participants. Ajay Arora instructed us. As advised, I didn’t open my eyes. Sudarshan Kriya was a 30-to-40-minute breathing exercise, guided by the melodious voice of Sri Sri Ravi Shankar. For the first time in my life, I got to know what it feels like to honour your breath and to become one with it. The experience was indescribable. What a chump I had been all these years! Not willing to join this programme, thinking I knew everything!

 I am really grateful that I had a wonderful opportunity to explore myself and find out what my true nature is--Happiness. In short, the Art of Living led to a stress-free, productive and purposeful life. This course helped me in enhancing my life skills and taught me how to fully use my potential.

This course brought about a transformative change in my life not only in terms of an attitudinal shift, but also in understanding life from a broader perspective. A well-trained mind is your best friend and an untrained mind is your biggest enemy. This course taught me how to train my mind and remain happy in every situation. It taught me not only to have career goals for myself, but also to have goals which will help me live a balanced and a successful life. Answer the following questions:

Will you enjoy getting a job promotion on the day of your break-up?

Will you enjoy going out shopping if you are tensed?

Will you enjoy driving your dream car if you have a backache?

You will most probably say NO. But I can tell you that your answer will be completely different if you’re a regular practitioner of the breathing exercises taught in the Art of Living. I implore everyone on this planet to take part in this course so that you all can also go through the majestic experience I went through.




Friday 13 November 2015

Current Trends In Business Analytics

In the abstract, business analytics is the study of financial, economic, consumer and production data through statistical investigation. The simplest explanation of business analytics is that it attempts to find covariance and derive probable causality; the end goal is to spot trends and improve operations. Modern business analytics is multifaceted, competitive and increasingly specialized. It is more important to understand the method of business analytics than all of its potential applications.

                    APPLYING SCIENTIFIC METHOD TO BUSINESS DATA

"Big Data" is the name given to the contemporary movement towards gathering and mining structured and unstructured data for business purposes. Companies want data scientists to dive into Big Data and come out with new, profitable insights.

Data scientists apply data-discovery tools (such as SAS and Excel) to test theories about consumer behaviour, price trends, risk management, supply and demand, and other market trends. Think of it as predictive analytics performed through modelling and experimental design. Once a meaningful insight has been reached, the role of the business analyst is to suggest business decisions that support the larger strategy.

Big Data has given businesses a window into valuable streams of information from customer purchasing habits to inventory status.However, internal data streams give only a limited picture,especially with the growth of digital business.

Three trends describe information's ability to transform business processes over the next few years.These are as follows:

INFORMATION WILL BE USED TO REINVENT OR ELIMINATE 80% OF THE BUSINESS PROCESSES AND PRODUCTS FROM A DECADE EARLIER:

As the presence of Internet Of Things(IOT)-such as connected devices,sensors and smart machines-grows,the ability of things to generate new types of real-time information and to actively participate in an industry's value system will also grow.

Customers,employees and citizens will become engaged principally through digital means.With operational processes quickly becoming digitalized,traditional analog and manual processes will be automated,including both physical and human elements.Many decisions will be algorithmic,based on automated judgement.

MORE THAN 30% OF ENTERPRISE ACCESS TO BROADLY BASED BIG DATA WILL BE VIA INTERMEDIARY DATA BROKER SERVICES,SERVING CONTEXT TO BUSINESS DECISIONS:

Digital business demands real-time-situation-awareness.This includes insights into what goes on both inside and outside the organization.How do weather patterns impact inventory?More so,how do this season's customer preferences as expressed in social media suggest greater or lesser inventory?

The enterprise data available in organizations' vaults is increasingly insufficient to provide the kind of context awareness áble to support competitive digital business in marketing,transportation,financial,manufacturing,healthcare and other business decisions.

Enter a new category of business-centric cloud services that deliver data to be used as context in business decisions, human or automated.These information services(or data/decision brokers) will become an essential part of intelligent business operations and smart business decisions.

MORE THAN 20% OF CUSTOMER-FACING ANALYTIC DEPLOYMENT WILL PROVIDE PRODUCT TRACKING INFORMATION:

Fueled by the Nexus of Forces(mobile,social,cloud and information),customers now demand a lot more information from their vendors.The rapid dissmination of the IoT will create a new style of customer-facing analytics-product tracking-where increasingly less expensive sensors will be embedded into all types of products.

These sensors not only provide geospatial information(where the product is right now)but also performance information(how well the product is functioning).This creates an opportunity to improve transparency and strengthen customer and partner relationships.It can be a key differentiator and a key part of your business model.

                THE BEST SOFTWARE TO USE FOR BUSINESS ANALYTICS:

The market for business analytics and business intelligence software is dynamic.New products and technologies are constantly pushing the edge of efficiency and task specialization.However, a few giants in the industry remain relevant and are trusted by professionals across multiple sectors.These include SAS,Oracle,IntelSoft Style Intelligence and IBM. 

SAS :  SAS is the world's largest privately held software company and has been a top player in business analytics field for years.It managed to escape the consolidation of existing giants,SAP,Oracle and Microsoft, and become an independent force on its own.The products offered by SAS focus on predictive planning and multiple device versatility.The company reinvests a huge portion of its earnings into R&D,thus fueling future innovations.

ORACLE : Oracle has several major software systems, such as Hyperion and Business Intelligence Eterprise.This variety and versatility cane be a positive and a negative;it is not the easiest software to implement and train.Oracle allows for excellent full-data collaboration within a larger organization.

INFOSOFT STYLE INTELLIGENCE : This software uses dashboards and visual reporting aids toward immediate practical ends.Reporting is custom fit to the organization,and the focus is on operational efficiency;how data can be transformed into useful, actionable information quickly.Complex statistical modeling might be better left to other providers. 

IBM : Business analytics is a small portion of the IBM service offerings, but the company played a major play in the business intelligence space with a $12 billion acqisition of SPSS in 2009.IBM believes the primary role of business analytics is to eliminate blind spots, increase response time and create meaningful forecasts.Companies familiar with other IBM technology should feel comfortable with this analytics package.

With the rising complexity of global business,gut decisions and hunches no longer suffice.Successful responses to threats and opportunities now depend on rapid and smart execution.Let me state it plainly business analytics is the key to achieving these challenging objectives.Here's my advice: Take the time to learn about analytics.Take the time to discover how analytics can provide an objective view of your world,not only as it appears today but also how it is likely to appear tomorrow.I am not talking about gazing into a crystal ball.I am talking about the capability of competitive organizations  to develop and implement strategies today that are based on a careful analysis of their likely outcomes in the future.
Here's my crystal ball view:The ability to predict future business trends with reasonable accuracy will be one of the crucial competitive advantages of this new decade.You won't be able to do that without business analytics.