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IT Voice July 2017 Edition

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[book id=’116′ /]

Welcome GST:  “GST will change the way India does business,and  IT business boost after ‘GST.”

“GST is a game changing reform that is widely awaited. It has the potential of adding almost 100 basis points to the GDP growth. Though the near term will see some challenges of implementation, it is one reform that will bring efficiency in the economy and widen the tax base.”
While a lot has been said about GST’s positive impact, its biggest beneficiary will be the Information Technology (IT) sector. The IT industry landscape is likely to experience several new developments after the much awaited roll-out of the GST structure.
GST rates are very positive signal to the industry, and we will certainly be pursuing the basic customs duty case and we believe that these two together, will give an impetus to local electronics manufacturing.
Either the existing regime will continue or the new regime with GST plus basic customs duty will come in, so either ways the industry will not lose out. We’re trying to push for 5 per cent GST but 12 per cent is also a positive decision.
The biggest benefit (expected) for a consumer is that the price of most goods are likely to come down under the GST regime. Various reasons like increased competitiveness, avoidance of tax cascading effect, increased credit flow, supply-chain optimization and savings in transportation costs are expected to bring down the prices in the long run.
That increase’s the purchasing capacity of common man.These factor had 100% had helped to boost up IT sector business.From the point of view of the IT industry (including allied sectors such as electronics and telecom marketplaces), GST can provide a major fillip and competitive advantage once it becomes operational.
It is predicted that GST will generate huge business revenues for both small and big IT firms across the country, as businesses feel the need to reconfigure IT systems internally, at every level—from procurements to audits and from supply chain flow to vendor management.
IF your business earning is not input taxed, it will likely become taxable. There are a lot more issues like this one which may crop up during or after the GST transition. Gearing up for training, and developing compliant IT systems will become imperative for businesses.
Especially, the SME market which is betting big presently on GST for providing the much-needed push to trade from the micro perspective and bringing it on a level-playing field with big industries (by doing away with tax differentiation), needs to have a reasonable IT infrastructure in place in terms of business process reinforcement, tax configuration, inventory data storage, document numbering, data amendments, impact analysis on interfaces, reversal of open transactions, and so on. All these could turn into business opportunities for the IT sector. Its time to support country and betterment for Information technology sector.

Tarun Taunk

Editor-In-Chief

IT Voice June 2017 Edition

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[book id=’115′ /]

“GST” Golden SALEs/Service Time in IT Sector

GST is purported to bring in the ‘one nation one tax’ system, but its effect on various industries will be slightly different. There would be multiple statues whereby there could be one for Centre and one for State similar to the present VAT laws which are enacted in each state.
In a vast country like India, the logistics sector forms the backbone of the economy. We can fairly assume that a well organized and mature logistics industry has the potential to leapfrog the “Make in India” initiative of the Government of India to its desired position.
“GST” will turn India into one common market, leading to greater ease of doing business and big saving in logistics costs firm companies across all sectors.

The need for GST arose out of the complexity of the currently existing tax systems. It is an attempt to provide a seamless transfer of goods and services across the nation, replacing the cascading effects of multiple indirect taxes imposed by the Centre and the states and also streamlining compliance issues, mostly for inter-state transactions.

While a lot has been said about GST’s positive impact, its biggest beneficiary will be the Information Technology (IT) sector. The IT industry landscape is likely to experience several new developments after the much awaited roll-out of the GST structure.
The prevailing service tax rate on IT services is 15%. However, the recommended revenue neutral rate is at 15–15.5% and the standard rate is expected to be around 17–18%. Therefore, the cost of IT services will elevate, especially for end customers who do not usually claim the tax input credit.
Under our current tax structure, the sale of packaged software is entitled to both VAT (approximately 5.5%) and service tax (15%). The VAT on sales is directed to the state government whereas the service tax on service follows the central government. There are also cases where along with the VAT and service tax, excise duty is also applied due to lack of clarity from the government. However, it is expected that once the GST is implemented, the current average tax rate of around 25–35% shall come down to around 18–25%.
There are Four-slab GST structure: The new regime will have a four-slab structure of 5%, 12%, 18% and 28%. There will be no tax on several items including rice, wheat and other essential items, which constitutes 50% of CPI inflation basket. The lowest tax rate of 5% is proposed for items of mass consumption used by common people such as spices, tea and mustard oil. There will be two “standard” rates of 12% and 18% covering most manufactured items and services.The highest tax rate of 28% will be imposed on items like luxury cars, pan masala, tobacco and aerated drinks. These items are currently attracting a tax of 27-31%.

The Centre and states will both assess taxpayers having a turnover of over Rs 1.5 crore in turnover annually. States will the power to assess taxpayers below Rs 1.5 crore in turnover. At present, 90% of taxpayers have turnover below Rs 1.5 crore annually and they will be assessed by states.

GST Benefits for IT Businesses and Industries : Reduce hassle and expense, One GST rate and one mechanism ,No overlapping of taxes, GST improves competitiveness, Cascading Effect of Taxes.

IT units in special economic zones (SEZs) will lose some inherent advantages because there is no provision for upfront tax exemptions in the GST bill but “GST” could also generate business for large and small IT companies as organisations across the country reconfigure their IT systems to adhere to the new tax regime.
Till now the accounting software were restricted to just the Chartered Accountants, other than them everybody was either manually doing the invoicing or were bound to the traditional ways of invoicing. So, with GST thing everybody has to come down to an invoicing platform. So idea is to make it as simple as possible, yet compliant. So, everybody can use it from a layman and being compliant as well to the GST norms.
For India Inc, GST will ensure easier compliance through the GST Network (GSTN) platform. A seamless tax-credit system throughout the value chain and across states will ensure that there is minimal cascading of taxes. This would reduce hidden costs of doing business.

All services such as registrations, returns and payments will be available to the taxpayers online, which would make compliance easy and transparent. GST will help India improve its ranking in the ease of doing business.
This is very good for the IT sector and industry as there will be good sale and service will be IT products and with lots of Jobs possibilities.
Grab this golden opportunity comes in IT sector in form of GST.

IT Voice May 2017 Edition

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[book id=’114′ /]

Essential Elements for an Efficient Business

People, Process, Power are also important to your success.

  • Master of the art of management.

    The success of a business is not a function of the product alone. In fact, many times the product is not really what sells. Organization is all about management, and great management can sell anything.

    You have to become more interested in the management aspect of your business. For a more in-depth look at this school of thought, you should take time to read about the systems of the most iconic brands and how they structure their businesses

    It doesn’t happen naturally. Good management is a technical discipline — something you must apply yourself to. A big successful business doesn’t come from a great idea and a lot of capital. The entrepreneur trail is lined with casualties who thought the same.

  • Get great people by treating people great.

    When you are just starting out, attracting top notch talent is difficult because people aren’t always willing to take a gamble with their livelihood. At this time, it is better to have a small crop of talented people than a large crop of dead weight.

    You must be willing to grow an organization slowly. You will literally have to be everywhere, work closely with every person in your small staff and invest your time in one-on-one trainings or staff workshops. If you can get the right group of people and treat them right, you have already taken giant strides.

  • Process. Do the right things in the right way.

    People are the backbone of any organization, but process is also an equally vital foundation. “Process” is the series of actions you take in order to achieve an intended outcome or result. Within your business you need to put in place clearly defined ways of carrying out all aspects of the business — processes for raising capital, strategic planning, recruiting and training staff, research, product development, product testing, sales marketing and so forth.

    It is not enough to just figure it out as you go. Before you even venture an idea or attempt to expand your business into another area, you must be able to wrap your head around the different defined actions that would yield you that picture in your head. Let your staff learn the process, and if it isn’t working as well as you thought, check to see if you are doing the right things right.

  • Tech it up.

    There is no smooth running organization without suitable tech. We can go back and forth about the morality of the over utilization of AI and the advancement of IoT, but if you want to thrive, what you should be considering is the relevance of IoT to business.

    People can only do so much, and in a fierce business climate with heightened competition, all your efforts need to be greased with the suitable tech and online resources.

    The present need for technology cannot be over emphasized for two reasons — customers are getting used to it and technology has actually become much smarter than when you last checked. You may have the best structures, but without the most suitable technology and internet resources, you will still keep stuttering.

IT Voice April 2017 Edition

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[book id=’113′ /]

Appreciation of Work

I was joyful the day IT Voice was endowed with its third consecutive award for its development and awareness work in Rajasthan and Delhi, NCR. It was obvious, I was on the seventh cloud, third award in the third month of the year, it was better than anything I could imagine. Suddenly, I felt a new energy gushing into my veins, confidence painting my whole personality, my state of mind clearer than the streams, focused to achieve my already set goals. There wasn’t any change of course of my path that leads me to the bull’s eye, but something was changed. As I investigated more and more within, scrutinizing each day of my past three months, I concluded finally that it was the appreciation of my work by people that has lead me to the confident lane.

It’s our human being nature, we lure for appreciation and we carve for being noticed. Whether it’s our personal or professional life, every person wants his / her work to be acknowledged, appreciated. A little boast of appreciation, a pat on the shoulder, words of appreciation decorated with a smile and what not, they are all magical potion to the souls of a hard worker.

Here is a small self assessment, when do you really work hard? Why do you particularly work hard for something? What are the chances of success in that work? What are the odds of failure?

Now, when we see to my side of story, each thing boils down to one word, ‘BELIEVE’. When you believe in something you work hard for it. It is the challenges and the failures which come on your way which makes you a little less believing in your goal. Whether you are on the right path or not, was it a wrong turn when you said yes to the deal. It’s all a plethora of work that comes and goes and repeats itself time to time. But, when someone acknowledges your work and appreciates it, you ultimately start believing in your motives. As we see it is normal to get demoralised with the hard words of someone, why won’t it be normal to be encouraged with the words of appreciation by someone.

We may never be able to solve the mystery, why we all what to be appreciated but, we know what it does to us all.  It all acts as chicken soup to our soul, nourishing us and boasting us from within laying a solid foundation of confidence that yes, your work has not gone unnoticed.

After my encounter with the majesty of appreciation, I will never leave a chance of appreciating the work of others, going way past my human emotions of anger, joy, love or even envy. Every hard work deserves word of appreciation and every hard worker deserves a pat on the shoulder.

Awards have a sole purpose of boosting the confidence and encouraging the efforts of people. It is not the hike in confidence of an individual but it works in bulk. Remember the time when your company was awarded for something you did, and each one of your employees was busting in pride. Awards are never given to an individual; it is given to the team behind the final outcomes to make it one of a kind.

IT Voice March 2017 Edition

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[book id=’111′ /]

Software Piracy in India

Software Piracy needs no introduction. Software piracy is unauthorized/ illegal, using copying or distribution of software. This may also include the unauthorized use of software without obtaining a proper license from authorized manner and using it, copying it or distributing it.  According to a recent research it is found that India is one of the most piracy software using countries amongst the Southern Asian Countries. And in a research conducted by BSA it is concluded that almost 36% of software are pirated that are being used globally. According to the laws, software cannot be patented but can be copyrighted. It thus clearly instates that you have to resolve the ‘same’ problem with your own ‘unique’ Code. 

What exactly does the laws states:

In India, the copyright of computer software is protected under the Indian Copyright Act of 1957.
According to Nasscom, software piracy involves the use, reproduction or distribution without having received the expressed permission of the software author. Software piracy comes in four common forms –

  • End User Piracy: It occurs when users of software install the software on more machines than they are entitled to under their license agreements.

  • Hard Disk Loading: It occurs when computer dealers install illegal copies of software onto computers prior to their sale.

  • Software Counterfeiting: It involves the illegal reproduction, and subsequent sale of software in a form that is nearly identical to the original product.

  • Internet Piracy: It occurs when individuals place unauthorized copies of software on the Internet for download.

    Under the Indian Copyright Act, of 2000, a software pirate can be tried under both civil and criminal law. The minimum jail term for software copyright infringement is seven days to three years. Statutory fines range from a minimum of 50,000 to 200,000 rupees.

 Piracy and Software Business

The most affected by this Software Piracy is the Software Business. The software companies are suffering from this dilemma for a long time. People have stopped believing in buying the licenses and are giving into the pirated versions of the software. The market does not respond the way the software companies have expected. Reason because after the supplies half of the demands are actually been fulfilled by the ‘software pirates’. Revenues are not generated and thus the businesses suffer.

It is highly shameful how people are doing something like stealing the work and hard work of someone else’s. The people have to start discouraging these kind of activities and start saying ‘NO’. Because without their encouragement ‘the software pirates’ will be doing the piracy for nothing and ultimately one day they will be forced to stop all this. And ultimately we are the ones who will be profited. Stop encouraging the Software Piracy.

IT Voice February 2017 Edition

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[book id=’110′ /]

GST and its Impact on the IT Sector

GST is about to get implemented and it is one of the most promising taxation bills that will transform the course of the Indian economy. It would add a new chapter in the history of Indian economy. The amalgamation of the central taxes into that of state taxes will be a significant step towards accentuating the Indian economy. But first the question that arises any mind is what exactly GST is and what would be the effect of it on the economy?
GST- Goods Service Tax is consumption based tax levied on the supply of Goods and Services which means it would be levied and collected at each stage of sale or purchase of goods or services based on the input tax credit method. This method allows GST-registered businesses to claim tax credit to the value of GST they paid on purchase of goods or services as part of their normal commercial activity. Taxable goods and services are not distinguished from one another and are taxed at a single rate in a supply chain till the goods or services reach the consumer. Administrative responsibility would generally rest with a single authority to levy tax on goods and services. Exports would be considered as zero-rated supply and imports would be levied the same taxes as domestic goods and services adhering to the destination principle in addition to the Customs Duty which will not be subsumed in the GST.
Implementation process of GST can get a little bumpy at first. One of the drawbacks of GST will be the lack of digital education in the rural allies of India. And just like VAT, people would take years to learn about it and become particularly familiar with the ins and outs of the GST taxation system. Also the lengthy process of taxpaying will leave the traders in a total confusion. The traders and dealer will take time to habituate this hectic system of tax payment.
Also, if we leave the cons behind, the arrival of GST is a boon to the IT sector of the country. The more digital India gets the needs of IT products will rise, giving the sector a number of opportunities. Just like demonetization, it will also have a positive and progressive impact on the IT sector. The corruption in the system would remarkably come down and the consumers will be in profit. Also, it’s a good news and music to ears to the manufacturers; they will see a good amount to tax relaxation and will be able to save a ton with this latest tax system.
Though, the GST is said to bring reliefs to the Indian economy, yet the whole thing depends on the execution and administration of this tax system. The execution can make or break GST. We have seen things gone wrong with demonetization and hopefully the government is prepared for the ultimate bad haste it would bring in initially. The government should understand the dilemma of the Indian rural constituents who are not that technical established in their being and also they will catch lots of problems with all those paper works involved online.  What so ever be the case the only thing that can prove the fact that GST can actually accentuate the Indian Economy is the execution and administration by the government itself.

IT Voice January 2017 Edition

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[book id=’103’/]

Employee Integrity

What is Employee Integrity? Is it just the truthfulness, loyalty, reliability, veracity of an employee? Or it is the dedication the employee puts in to see the development not of ‘oneself’ but as a ‘whole’. The question was hard to answer few months back when I had a perfect set of employees working for me , who stood upright in every work. But after the farewell of hers, I realized this chain of employees is just like the game of Dominos, where one domino falls and the circulation is failed. Sometimes we ignore the hard work and efforts put up by our employees and we forget to appreciate or say a little word to uplift the spirits of one who worked hard to achieve the goals allotted to him/her. It is the duty of the employer to see the hard work and effort and the integrity in the employee and tell them that the hard work and the efforts have not gone unnoticed. So here I bid thanks to the integrity hard work and efforts my employees put in to make it work and what a great team we all make together. Also, I would like to pass my best wishes to our beloved and most hardworking employee who is about to begin a new journey of life time may she gets what she deserves and smile and good luck never leaves her. And also a have a proud

This month one of our very old employees left us, because she was getting married and as these things work, we were intimated about it months ago. So, the hunt began and we were interviewing and that time I realized how lucky we were to have such an employee and how she was irreplaceable. As she was one of the oldest employees, we were already begun missing her and even though we hired many to replace her, her perfection in work was always missed. The taste of perfection was so hard to tame that the ‘appropriate’ would not stand a chance. What made the company today was the employee’s integrity. The honesty, the truthfulness, the hard work. We have employees who have been working since the inception of this company and seen the up and downs, but they never left us, we are a family. The company is what today, because I have an IT Voice family who always stands with me and happy Republic Day to all.

IT Voice December 2016 Edition

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[book id=’100′ /]

 MANAGEMENT – Manage the Man Tactfully

This word can be described in three parts i.e. to “Manage the Man Tactfully”. Process and functions of management, Principles of management, Evolution of management thoughts, but recent trends is, Management as a profession.

A principle is a fundamental truth about a phenomenon which explains and establishes cause effect relationship. These principles are derived on the basis of observation, experiments, experience and analysis of events. These principles serve as guides to thought and action. A body of interrelated principles dealing with the same subject matter constitutes a theory thus the theory of management consists of a number of principles, duly recognized and systematized and concerned with the management of an organization.

Management principles are universal and are applicable to all types of organization business or non business government or private enterprises.

Management principles are flexible and not rigid. They are capable of adapting to every need. They can be modified as per requirements of the situation and environment, through providing useful guide lines for future course of action

Many management principles are not standardized. They are concerned with human behavior, which is not standardized and is highly unpredictable. So management principles hold good in a large number of situations and need to be modified in specific conditions. That is why the management is regarded as in exact of soft science.

Management principles are not only descriptive but are predictive or normative also

Management principles are equally significant. No principle can be said to have greater importance than the other

Many scholars, philosophers and practioners have contributed to the evolvement of principles of management during 19th and 20th century, but two prominent names among the pioneers are F M Taylor and Henri Fayol.

 

To build and stand a company it is the “Management” which plays the most important role. Because   it is the Management that provides planning, organization, and direction which are necessary for business operations.In a more important sense, management is a vital function concerned with all aspects of the working of an enterprise.

 

Management is a two-way traffic. An organization depends upon its employees as much as its employees depend upon it. Like in a music performance, the vocalist is the principal performer. He is followed by instrumentalists. There must be perfect co-ordination and harmony among them. Then alone it can be a successful performance. The singer when accompanied by other instrumentalists forms a group.

This group works in harmony and cohesion. That is perfect management. To give another example there are ten workers. Another man is there as supervisor. It is not simply man-power management and work extraction. There is something more. Each worker is being allotted the work which he will have to complete.

Each individual may do his work well. But the group work alone delivers the goods. Here the supervisor has to play his part. Leadership is required to manage men and a group.

Management is a universal phenomenon:

Management is relevant even to the personal life of an individual. A successful man in any path of life knows how to manage his affairs [i.e.] he is capable of getting the utmost out of his time, money, energy, and social connections.

 

A student, a business man, a house wife and others know the art of management. Actually management means utilization of group effort. This effort is to accomplish for reaching certain goal.

 

Management as art and science:

It is an art as well as science.

Management requires creative sense at every stage.

A manager cannot solve a problem with his experience and intelligence only.

New ideas are necessary to solve a problem especially in the affairs of any management.

 

Science is systematized knowledge, theories, laws, etc. Science is rational and practical approach.

Science requires proof to the point of mathematical precision.

Management has become a body of organized and systematized knowledge.

General principles govern the science of management. Management, as a science, has developed perfect techniques.

So this line proves that Management is “Art as well as Science”.

IT Voice November 2016 Edition

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[book id=’98’ /]

Demonetization of Indian Currency

The demonetization of the Indian 500 and 1000 rupees currency, dragged my attention towards the pros and cons that it is about to bring to the Indian economy. Most of the citizens are agitated, are not on the same page with our Hon’ Prime Minister Mr. Narendra Modi. But when we get deeper to the facts and towards the detailed study of how the Indian economy actually works out we would gradually feel that the inconvenience is merely the problem of sometime but the solution it would provide to our economy is immense and could not be at all compared with this pain of few months.
To start with I would like to highlight some basic benefits it is directly impending. Firstly, it would help the government of India to track the people with unaccounted cash or cash on which no income tax has been paid. Given the recently found bags full of the demonetized currency are proving the things right of how much money was actually there with people on which no Income tax was paid.
Secondly, since black money is used in funding illegal activities like terrorism funding, gambling, money laundering and also inflating the price of major assets classes like real estate, gold, demonetization will deduce it for some time and it will take years for people to re-generate that amount of black money putting an end to the circle.
Third benefit is that due to people disclosing their income by depositing money in their bank accounts government gets a good amount of tax revenue which can be used by the government towards the betterment of society by providing good infrastructure, hospitals, educational institutions, roads and many facilities for poor and needy sections of society.
There are not any cons I can think about, but yes the inconvenience and distress it is bringing in the country has to be addressed. The biggest disadvantage of demonetization is the chaos and the frenzy it leads amongst the people and the impending dangers of the breaking of law and order in the country.
The demonetization of a currency doesn’t involve only banning of certain currency in the country but also means the minting of another currency on its behalf. The risk of the demonetization involves the complete failure of the vision behind the demonetization of the currency. The cost of minting new currency can cost the government some great fortune and if the cost of minting the currency is higher than the amount of gained profit by the acquiring of the black money it is useless to undergo demonetization and also face that much of distress in the country.
Another problem is that majority of times this move is targeted towards black money but if people have not kept cash as their black money and rotated or used that money in other asset classes like real estate, gold and so on then there is no guarantee that demonetization will help in catching corrupt people.
Well, only if the vision behind demonetization becomes a success imagines how much profit would Indian Economy gain. The inconvenience may be distressful but still it’s the headache worth taking. The decision like this even if corrupted can change the face of the Indian economy nominally but very powerfully.

 

IT Voice October 2016 Edition

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[book id=’97’ /]

Time, money and entrepreneur

Now, the actual work has begun and your office is flooding with lots of work and papers. But somehow bills have managed to go unpaid, clients are going unanswered; you are cancelling over meetings, not because of the cash flow or lack of time (given 24 hours/human), but because of really bad time management. First of all, everything that is happening, you are aware and conscious about the fact that the reason is mismanagement of the things; especially time. Just like any old grandpa saying “time is money” and it’s time we get hold of a mantra to get rid of all the ‘mis’ and all that would be left in equation would be management.

Step one: realizing. Look for the earliest signs of mismanagement. You have to have an eye for the things that have borne the mismanagement. All you have to do is just take some time out of you fiasco and write down the things that can be related to this predicament.

Step two: measures. To do or not to do.

Jailbird #1: poor punctuality. Accepting too many tasks or your inability to assign the correct amount of time to your activities lead to poor punctuality, try to laden as much as you can bear.

Jailbird #2: rushing. There are times when everybody has to rush a little; however, constantly rushing is unacceptable. A time manager allows sufficient time between appointments to cope with unforeseen events.

Jailbird #3: impatience. Extreme pressure to make a deadline is a test. You may accuse other auxiliaries of delaying. The truth is you failed yourself with respect to management and the best you can do is make sure it doesn’t happen again.

Jailbird #4: poorly defined goal. Prioritizing things will add to easing things. They tell you need of the time and thus, you can manage or assign your time as per task requirement.

Jailbird #5: procrastination. You know what is needed to be done and make sure you do it. Delaying will only pile up work leading piling up stress which is directly proportional to failure.

Jailbird #6: poor performance. Poor performance is more of a byproduct than a catalyst to mismanagement of time. You can get away with poor time management for a while but it vengefully catches up on you. Your productivity levels decline and your backlog increases. Just try and cope up with the catastrophe.

Jailbird #7: lack of energy. When you lack time management skills, you are constantly chasing your tail. You constantly fall behind in tasks and you have to work extra hard to catch up. There comes a time when, your energy levels begin to drop and you lose motivation. All you need to do is come up with a strategy. Even battles are won on the grounds of strategies; it won’t only help you buck up your situation but would give a well organized performance insight.

Jailbird #8: perfectionism. You are not the only victim of this culprit. Investing time to make things go smooth and perfectly, your human need starts craving for perfection; the urge of perfection is hard to satiate and it comes down to tasks performed perfectly but you are too blinded to see that. Nothing is good enough. All you can do about it is get a hold on yourself by having break now and then. Calm yourself down.

Jailbird #9: indecisiveness. When you are faced with more than one option, you are unable to choose an option and run with it. You spend excessive time going over the options without coming to a conclusion.

Jailbird#10: saying yes to everything. It is great to be able to help others but if you are always helping others, you are rarely working on the tasks which are important to you. Constantly saying ‘Yes’ will leave you with an excessive workload. One of the quickest ways to improve your time management is to be assertive and learn to say ‘No’.

Jailbird #11: Doing everything yourself. It doesn’t matter whether you are self-employed or an employee; there are always tasks which can be delegated, automated or outsourced. Take time out of your schedule to eliminate it and see how magic begins by clearing your desk a little bit.

Time management is not rocket science it is just something you do to prevent the adverse. Don’t fall into the trap, of mistaking “being busy for being a skilled time manager”. Getting more done does not automatically mean that you are managing your time effectively. If the extra tasks are unimportant, you are just filling your schedule. Focusing on getting the important tasks done is the key to effective time management. If you find that you are regularly displaying any of the symptoms of poor time management; you need to change your focus from efficiency to effectiveness.

IT Voice September 2016 Edition

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[book id=’96’ /]

New network 4G in India
Recent developments by India’s telcos suggest they are beginning to focus more on bringing 4G wireless technology to the country, possibly by next year. However, the high upfront cost of deploying the next-generation wireless broadband tech and lack of cheap LTE-enabled mobile devices remain stumbling blocks.
Interest in 4G LTE (long-term evolution) technology and in faster mobile Internet connections in general is growing, as more Indians expect to do more on their smartphones . The means of communication not until recently has been only voice and text. Voice and SMS services were given top priority by telecom networks. But, the Internet has provided many other services like electronic file sharing, online gaming, e-commerce and getting access to any information by just goggling which appeal to people as these services are cost effective and also reduces burden on the human part.
Making these services available on mobile devices has far more benefits and interesting situations. However, today’s internet through cables and wireless limits connectivity only to a small region called Local Area Network (LAN) and Wireless Local Area Network (WLAN) hot spot respectively.
Also getting an advanced service support to today’s voice dominated telecom mobile networks is not an easy task either. Globally there is a perception that IP is the protocol that will enable new possibilities for telecom sector in future.
4G fourth-generation wireless defines the stage of broadband mobile communications that supersede the third generation 3G, 4G used orthogonal frequency-division multiplexing – OFDM instead of time division multiple access – TDMA or code division multiple access – CDMA are increasingly marketing their services as being 4G, even when their data speeds are not as fast as the International Telecommunication Union (ITU) specifies. According to the ITU, a 4G network requires a mobile device to be able to exchange data at 100 Mbit/sec. A 3G network, on the other hand, can offer data speeds as slow as 3.84 Mbit/sec.
The factors that drive from 3G to 4G will be services that offer better quality (e.g. video and sound), more sophistication in association of a large quantity of information, and improved personalization.
A number of technologies currently exist to provide users with high-speed digital wireless connectivity; examples are Bluetooth and 802-11. Standards provided by 802.11 are very high speed toward network connections over short distances, typically in the tens of meters. Wireless networks facilitators & Cellular providers look to increase speed on their long range networks. The goal of 4G (fourth-generation) wireless system is the same for long-range, high-speed wireless.
4G uses advances protocol spectrum up to 4 times as effective & efficiently as 3G systems, have better ways of handling dynamic load changes, creating more bandwidth than 3G systems.
India was late to enter 3G era, 3G is still not a good business case for operators as well as for consumers mostly due to high tariff and moderate coverage. Also operators are not pushing 3G, as they do have only 5 MHz spectrum more 3G users may lead to network choked. Handset pricing is another issue for 3G adoption. India operators chose LTE over WiMAX. Currently most operators worldwide are commited to LTE deployment as the natural upgrade path from GSM/UMTS and CDMA.
As coverage of LTE in India is expected to be poor at this stage, smartphones will not do good. Even if only 3G & 4G compatiable phones are offered it will not do good as no operators has pan India 3G spectrum and 3G coverage is still poor. Also TD-LTE requires more power than FDD-LTE. So tablets and dongles are the safe bet right now. Dongles must be multimode (2G/CDMA/3G/LTE) supported.

IT Voice Magazine August 2016

Published on

[book id=’95’ /]

Difference between a Start-up and a Regular Small Business

What is the difference between a start-up and a regular small business? The words start-up, entrepreneur and small business are thrown around constantly – sometimes interchangeably. So how do you know if you are launching a start-up or small business?

 

Small Business Start-ups: “Work to Feed the Family”

Today, the overwhelming number of entrepreneurs and start-ups in the United States are still small businesses. There are lots of small businesses in the India. They make up 99.7 percent of all companies and employ 65 percent of all non-governmental workers. Small businesses are Sweet Shop, Car Rental, Drycleaners, grocery stores, hairdressers, consultants, travel agents, Internet commerce storefronts, carpenters, plumbers, electricians, etc. They are anyone who runs his/her own business.

They work as hard as any Silicon Valley entrepreneur. They hire local employees or family. Most are barely profitable. Small business entrepreneurship is not designed for scale, the owners want to own their own business and “feed the family.” The only capital available to them is their own savings, bank and small business loans and what they can borrow from relatives. Small business entrepreneurs don’t become billionaires and (not coincidentally) don’t make many appearances on magazine covers. But in sheer numbers, they are infinitely more representative of “entrepreneurship” than entrepreneurs in other categories—and their enterprises create local jobs.

Scalable Start-ups: “Born to Be Big” Scalable start-ups are what Silicon Valley entrepreneurs and their venture investors aspire to build. Google, Skype, Face book, Twitter are just the latest examples. From day one, the founders believe that their vision can change the world. Unlike small business entrepreneurs, their interest is not in earning a living but rather in creating equity in a company that eventually will become publicly traded or acquired, generating a multi-million-dollar payoff.

Scalable start-ups require risk capital to fund their search for a business model, and they attract investment from equally crazy financial investors—venture capitalists. They hire the best and the brightest. Their job is to search for a repeatable and scalable business model. When they find it, their focus on scale requires even more venture capital to fuel rapid expansion.

Scalable start-ups tend to group together in innovation clusters (Silicon Valley, Shanghai, New York, Boston, Israel, etc.). They make up a small percentage of the six types of start-ups, but because of the outsize returns, attract all the risk capital (and press).

 

Buyable Start-ups: “Born to Flip” In the last five years, Web and mobile app start-ups that are founded to be sold to larger companies have become popular. The plummeting cost required to build a product, the radically reduced time to bring a product to market and the availability of angel capital willing to invest less than a traditional VCs—INR 1000000 to INR 10000000 versus INR 50000000 on up—has allowed these companies to proliferate, and their investors to make money. Their goal is not to build a billion Rupees business, but to be sold to a larger company for INR 100000000 & more.

 

Social Start-ups: “Driven to Make a Difference” Social entrepreneurs are no less ambitious, passionate, or driven to make an impact than any other type of founder. But unlike scalable start-ups, their goal is to make the world a better place, not to take market share or to create to wealth for the founders. They may be organized as a nonprofits, a for-profit, or hybrid.”

 

 

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