Blog

InsurTech and Insurance Claim Processing – Defining New Business Model in the Insurance Industry

InsurTech is rapidly and silently growing across the insurance industry which will have wider ramifications in the industry in the coming years.  InsurTechis mainly the use of technology innovations to bring higher operating efficiency in the insurance industry.  Most of the major insurance companies have implemented one or other forms of technology which would result in faster enrolment, quicker processing, and reduce the scope for errors in its cycle.  The recent advancement of InsurTech will Read more [...]

Important Points While Pitching for Angel Investment– Importance of Founding Team and Business Plans in Investing Decision

While pitching for Angel Investors one needs to look into multiple factors that influence the decision. The market potential of the product remains as the prime factor. It is important for the founders of the startup to do preliminary market research and understand the market potential, and its influence over the business. They should be ready to explain the valuable insights like the market share, number of competitors, consumer personas, financial margins, and more. In addition to the same, one Read more [...]

Who will Lead Management Consulting in the Coming Years? What is Technology Consulting & Relation between Technology Consulting and Management Consulting?

Technology consulting has grown over a period of time around the developments of emerging technologies in the recent past.  The advancement of technology has influenced the everyday life of a common person, and it became an integral part of life.  Technology plays a significant role in businesses, and it resulted in the need for experts in technology in an advisory role to help companies make the use of technology effectively. Technology consulting helps companies become more successful and Read more [...]

Digital Age and Business Consulting – Evolution of Business Consulting and Types of Business Consulting

The topic Management Consulting was more about supporting businesses with assembly line design and shop floor organization in the beginning and it emerged in the US in the late 19th and early 20th century.  Overall, the goal is to increase productivity in business which stands good as today. The technological revolution brought exponential growth in the corporate sector and businesses have been increasingly seeking guidance from expert consultants in this regard.  Businesses rushed to seek professional Read more [...]

Global Video Gaming Market Forecast for 2022 – Mobile Segment is the Major Source of Revenue in the Gaming Market

The video game industry is bigger than the music and film industry combined.  According to the market research report, the video game generated revenue of $139 billion per year.  The mobile segment is the leader with 51% contribution, and this segment is poised to make an increase in revenue by 60% till  2021.  The following chart depicts the revenue segments of the global gaming market. The technology market research about the gaming industry has brought very interesting facts and figures. The Read more [...]

The Importance of a Financial Forecasting in Business Plans – Main Components of Financial Forecasts

Business planning is vital for the survival of any business and it is a strategic tool for entrepreneurs.  A well-documented business plan helps to focus on most important activities to make an enterprise to succeed.  A good business plan will have both short-term and long-term objectives which the management needs to focus on to achieve the same per the time scale. Financial planning and forecasting give life to Business Plan.  The financial planning includes various financial statements that Read more [...]

Potentials of Beacon Technology in India – Attracting Shoppers with Beacon Technology

Beacons are battery-operated devices that transmit Bluetooth signals to nearby smartphones.  The technology success of beacon is due to increasing smartphone users.  India has huge potential to adopt this technology due to the presence of its higher number of smartphone users. The content of retail beacon can reach to customers who have Bluetooth enabled and with right retail apps downloaded in their mobile.  While the Bluetooth device is on, and the mobile is in the broadcasting distance of Read more [...]

Overview of Pharma Industry in India

India is among the leading global producer of generic medicine and vaccine, contributing to 20% of the total global demand by volume in 2018.  The country also has a large pool of scientists and engineer who have the potential to steer the industry ahead to an even higher level.  Over 80% of the antiretroviral drugs used globally to combat AIDS are supplied by Indian pharmaceutical companies. Data collection and Survey shows medicine spending in India is projected to grow 9-12% over the next five Read more [...]

Growing Media and Entertainment (M&E) industry in India – Interesting Data Points of Media and Entertainment industry

The growth in the media and entertainment industry is driven by the rising consumer demand, increasing digitalization and high internet usages over the past five years. The media and entertainment industry in India is expected to reach INR 2,600 billion by 2023, from INR 1,436 billion in 2018.  The industry is expected to growth with a Compound Annual Growth Rate (CAGR) of 10.90% and the advertising revenue is projected to reach INR 1,232 billion in 2023. The government of India has supported Read more [...]

Talent Analytics & Improving Quality Of Hire – Tips to Improve the Process of Hiring

Predictive analytics for hiring, if used properly, can bolster strategy for attracting talent, contour recruitment method or process workforce needs and improve quality of hire.  So as to use predictive analytics for hiring, a company should clearly outline HR process to the HR Consultants  & what quality of hire means in terms of ·        What is expected? ·        What is an average performance? ·        What would above average look like? ·      How can performance Read more [...]