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Digital Transformation Myths and Trends in 2021

When it comes to today’s businesses, adopting new technology is essential, yet many senior executives are hesitant to begin on the road of digital transformation.

 

Some business executives are afraid to fully embrace digital initiatives because they are concerned about the effect on the budget, deterring staff and consumers or because they don’t feel secure enough in their digital knowledge to make the transition. These impediments are simply fallacies, and the digital transformation provides several advantages.

 

These myths regarding digital transformation have been dispelled to help you make a better-informed choice about what’s best for your company:

 

●      Small businesses can’t benefit from digital transformation.

 

The advantages of incorporating digital technology into small firms are often unclear. A startup company might benefit from digital transformation by working hard to discover itself. According to our Innovation Survey, 13 per cent of participating organizations said that digital technology’s most significant advantage was helping them grow and retain customers.

 

In addition, as flexible working becomes more common, cloud-based solutions make it possible for smaller organizations to accommodate workers who may opt to clock in remotely or work outside of usual business hours.

 

●      For IT and IT organizations, digital transformation is only relevant.

 

In many cases, senior managers who don’t understand the potential of digital technology are oblivious of the benefits it can bring to their business—some with a view that it only pertains to the technology and IT sectors. Still, it’s helpful in the overwhelming bulk of industries and will impact them all in time.

 

Consider the bands used for radiofrequency identification (RFID). There is a strong chance you haven’t heard of this technology. However, it can be utilized in hotel room keys, transportation tickets, and many payment methods.

 

●      An organization’s digital transformation may be completed in a single step.

 

A worldwide lockdown had a rippling effect on business and the primary way it offered goods and services, but most firms found a way to get back on their feet. These experiences led to a dawning realization: An effective data transformation process is more than simply converting a manual to an automated workflow. It involves continuous, ongoing efforts, backed by training, and in sync with the constantly changing expectations of workers.

 

As a result of this awareness, businesses’ recruiting and planning processes have undergone significant modifications. According to the U.S. Bureau of Labor Statistics, employment opportunities for software developers and engineers will increase by 22 per cent by 2029, a rate much higher than the overall career growth rate of 4 per cent. Digital transformation efforts are far from complete, as shown by the fact that many firms are actively seeking to expand their workforces in anticipation of new technologies.

 

DevOps processes, including version control, continuous integration, automated testing, and open source technologies, will be critical to future innovations and job growth. 

 

●      In the end, digital transformation and digitization are the same things.

 

As a non-technical person, it’s easy to confuse terms like “digital transformation” with “digitization”, for example. Taking a process and making it simpler, quicker, or cheaper is the goal of digitization. It is re-creating the same process in a new way. Aside from new technology being implemented that may improve current assets, digital transformation creates new value for consumers.

 

Even if digitization may make things easier inside a corporation, digital transformation may open up new markets and produce goods that appeal to new clients.

 

●      It’s all IT’s fault; no one else has to be concerned.

 

It’s a prevalent misconception that the IT department is solely responsible for the digital transformation process. Our Innovation Survey found that a lack of support from top management was the most significant impediment to digital transformation.

 

Having a board member on the team for digital transformation is an excellent approach, as is recruiting a dedicated team for this purpose.

 

●      As a result of digital transformation, business metrics are not relevant.

 

In the past, firms rushed to develop their dotcoms since it was considered trendy. Until one day, it wasn’t there anymore. Because everyone else is doing it, or because it’s good PR, or because their kids, or the analysts, want them to, a startling number of CEOs want to go digital.

 

These are all the wrong reasons to switch to a digital platform. The digital transformation process must positively influence sales, profit, cost, customer engagement, retention, or repeat purchasing. Because without knowing what metrics are being changed and how much, the entire procedure is a waste of time.

 

●      When embarking on a digital transformation journey, it is possible to go too fast.

 

As a result, there is a widespread belief that digital transformation is too hazardous. To avoid upsetting the apple cart or rushing into the fray, many firms chose a systematic approach to digital transformation. Cutting-edge firms like Netflix and Tesla then developed, proving to many corporations the need of embracing digital trends and methods.

 

With the pandemic outbreak, the cautious approach to data transformation services was shown to no longer be sufficient. 

 

The benefit of time is not accessible in marketplaces where rivals are constantly striving to match (or better yet, predict) the next invention. For example, in the automobile business, some major corporations are currently fighting against tenacious startups like Rivian. Even though its trucks haven’t even hit the road yet, the electric vehicle and automotive technology startup just filed for an IPO and is seeking a price of up to $80 billion. Because it spotted a gap in the market and took risks to fill and disrupt it, the firm may eventually compete with Tesla.

 

No firm can afford to disregard the influence of new technologies on its operations anymore; no advantage can be considered secure for the foreseeable future. It’s no longer enough for businesses to accept new technology carefully or wait to see how they affect others. They must embrace change and move quickly to stay competitive. 

 

Robots and algorithms might indeed lead to the abolition of certain occupations. A more productive approach is to look at AI and other sophisticated technology as tools that can be used with human labour instead of seeing them as direct competitors.

 

Humans’ inherent capacity for solving large, complicated issues may be enhanced by digital technology, which can generate new career categories. Re-engineering positions in a business, developing re-training programs and upskilling and re-energizing the current workforce are likely necessary for leaders.

 

To put it simply,

 

You’re already a part of the digital revolution. Start preparing your company using data transformation tools if you haven’t done so already since the future will be pretty different from what you’ve been used to. Be able to tell reality from fiction before jumping on the digital transformation bandwagon so you can make informed decisions. Getting rid of these five misconceptions would be beneficial.

Chris Hildreth: Redefining the Customary ways in Food and Agro-Industry

Innovation is a key to the success of any business. Very few in various industries are witnessed to implement exemplary innovative ideas in the business sphere. And, one such business leader setting a benchmark through an inventive medium is Chris Hildreth.

Chris believes the astonishing distances and complex distribution systems that our food typically goes through before it reaches our plate are astounding. Triggering his entrepreneurial spirit to explore the business opportunity hidden in the loopholes of one of the largest industries; laying the foundations for TOPSOIL – Innovative Urban Agriculture INC. This innovative business venture has disrupted the traditional methods by assisting local restaurants and the surrounding community to enjoy fresh, local produce without a complex supply chain, without unnecessary pollution, and – most importantly – within hours of being harvested.

TOPSOIL was founded in 2015 with a vision to create an innovative approach to food production and to help cultivate a thriving local food system in Victoria B.C. – one that values environmental sustainability, transparency, and the local economy. Chris has a natural ability to inspire passion and enthusiasm when it comes to the benefits of local food production. His knack for bringing together people from a diverse range of disciplines and specialties has been a pillar upon which TOPSOIL is built. A pioneer of urban agriculture, Chris is breaking new ground to help build a vibrant local food economy.

He believes that the food scene in many cities around the world is now full of innovative ventures by social entrepreneurs. “Leading the way, TOPSOIL is producing large quantities of nutritious and delicious locally grown food that’s better for people and better for the planet,” he quotes. “It is how and where our TOPSOIL sites are built that matters: in cities and always in the community that they are providing for.” Its urban farms operate to eradicate a lengthy and complex supply chain, bypassing the entire industrial produce supply chain and connecting directly with the customers. “Urban agriculture is an exciting opportunity to provide food that is better for us, better for the environment, and just simply tastes better; for TOPSOIL, that’s what the eat local movement is all about” he asserts.

Since the company’s inception, Chris has had to overcome countless barriers to its current stature. “Finding a building developer to allow us to conduct our pilot project was a major barrier that took us 2 years of negotiation to overcome,” Chris mentions. “Having the city tell us that our urban agriculture pilot project was not zoned to be allowed in Victoria.” He soon decided to operate the pilot project for free to prove that urban agriculture should be part of the economic ecosystem of Victoria. The success of his pilot project was a catalyst for the city to rezone the entire city to allow commercial urban agriculture. Whereas, his final hurdle is to make the farming operation a fully-integrated, self-sufficient and modular farming unit that can be purchased by any organization, institution or individual that wants to bring food production into their community. He continues by stating that this unit will come equipped with all the necessary tools and infrastructure needed to run a successful farming operation. “The modular farming unit coupled with our proven farming system can then be replicated and scaled to any institution, community, or organization,” he further adds.

A brief note on TOPSOIL

TOPSOIL can be defined as an urban agriculture business that utilizes unused urban spaces by implementing productive farms. The most intriguing part of the model is the produce is sold directly to the surrounding restaurants and the community. Over the last 6 years, TOPSOIL has worked tirelessly to successfully prove that its modular farming system can be environmentally and socially responsible while being economically viable. It claims to be one of the only Urban agriculture businesses in the country utilizing non-arable urban land to produce food for restaurants and the surrounding community.

TOPSOIL has streamlined their production and distribution systems to allow its farms to grow 10’s of thousands of pounds of high-quality fresh local produce for over 25 restaurants and 1000’s of community members. “Growing food in the city for the city allows us to take an innovative approach to food production and provide chefs with the highest quality freshest produce while keeping our 5 principles intact,” Chris Hildreth mentions.

TOPSOIL was founded to increase and promote local food production and continues to drive that notion. It is disrupting the industry by creating a modular farming operation that can scale while taking a systematic approach to improving every aspect of their urban food system. Thus, the business was built on five guiding principles.

  • To provide chefs and the community with high-quality fresh local produce while creating economic, social, and environmental benefits for the building developer and surrounding community.
  • To minimize CO2 emissions associated with food transportation.
  • To use zero chemical fertilizers, pesticides, herbicides, or fungicides.
  • To eliminate one-time-use plastic packaging.
  • Increase transparency – grow food in-sight in mind and provide the city with the opportunity to know exactly who, how, and where their food is coming from.

These principles have been the pillars on which TOPSOIL has built its business.

The Future depicted by Chris Hildreth

Chris Hildreth has forecasted his next 5 years in investing his energy in increasing local food production in any community by providing a fully integrated modular farming system empowering people through education, production, and employment. He highlights the major difference between TOPSOIL and a regular farm is that the farming system is modular, scalable and can be replicated in any community. Through the company, he desires to simplify the process for any individual, organization, or community to start growing food for their community. Its innovative organic growing methods produce large volumes of food in moveable geotextile containers which are easy to install, maintain, and remove (when needed). It has designed the system so that it can be easily replicated and scaled to any size, on any surface, and in any community.

Currently, he and his team are developing the modular farming system which will include modern technology to make the unit more efficient, more productive, and more environmentally sustainable in—an all-in-one system. The innovative farming system will soon be available for purchase and will come equipped with all the core components and operating systems needed for a successful farming operation. He firmly believes that the modular farming unit will be a powerful tool kit to help increase food production, food security, and economic empowerment in many other communities.

Top 10 Business Tycoons of 2022 | Richest Person

A leader—a successful leader— fabricates a trial of their triumphs for others to follow. Their endeavors inspire millions. They stand tall acting as a paradigm in the business sphere and creating a legacy worth appreciating. Many of these leaders started with no support but with sheer passion to make a difference in the customary of the business world. Witness them now, they have reached the greatest business stature one can desire of. With their tireless efforts, they have shaped and elevated their businesses to grow mordaciously breaking all benchmarks set astern.  

 

Here is a glimpse of these leaders:  

 

Elon Musk

 

Elon Musk, with $239.6 billion net worth, the celebrity CEO of Tesla Inc. and SpaceX, is the world’s richest man and the first person to reach a net worth of $300 billion in November 2021. His net worth is $239.6 billion. He is the driving force behind the transformation of transportation on Earth and in space. According to Forbes, Elon Musk owns a 23 percent ownership in Tesla, an

electric vehicle firm that he co-founded in 2003 and which accounts for more than 67 percent of his worth. The remainder of his money is related to the fortunes of SpaceX, a $100 billion rocket firm. SpaceX, which was formed in 2002, is the second most valuable private firm in the world.

 

Bernard Arnault & Family

 

Bernard Arnault, a French businessman, is the Chairman and CEO of LVMH – France, a luxury multinational. As of 2022, he and his family own a majority share in the corporation, which is valued at $194.6 billion. His company, which includes Louis Vuitton and Sephora, is spread among more than 70 brands. In December 2020, he became a member of the exclusive $100 billionaire club.

 

Jeff Bezos

 

In 2022, it has been forecasted that Jeff Bezos, the founder, and chairman of the American multinational computer corporation Amazon Inc, will be the world’s third-richest and most renowned person. According to Forbes Magazine, Bezos’ net worth is more than $183.5 billion. He was previously the president and CEO of Amazon, but he pursued his passion in space. He made headlines a few months ago after completing an 11-minute space flight. Bezos is the world’s second-richest person to fly to space. Amazon, which Bezos founded in 1993 as an online bookshop, is today the world’s second-largest corporation, with a market capitalization of 1.59 trillion dollars. Jeff is known as the founder of Amazon and Blue Origin (Aerospace Company) based on his passion for space traveling. He started his career in 1987 with Fitel followed by Bankers Trust in 1988 and D.E. Shaw& Co in 1990 to 1994. He founded Amazon in 1994 and Blue Origin in 2000 and today he is the richest person in the world.

 

Bill Gates

 

With a net worth of $132.2 billion, William Henry Gates III or Bill Gates is an American business magnate, software developer, author, and philanthropist. He is one of the co-founders of Microsoft, the world’s largest multinational software firm.

He has been listed on Forbes’ list of the world’s wealthiest individuals for more than three decades. He is also a co-founder of the ‘Bill and Melinda Gates Foundation,’ the world’s biggest private charity foundation. When Microsoft shares hit historic highs after strong profits in 2020, Bill Gates joined the exclusive $100 billion club.

 

Larry Page

With a net worth of $121 billion as of 2022, Larry Page, a board member of Alphabet Inc, the parent company of Google, is the world’s fifth-richest person. He is a co-founder of Google, the world’s largest search engine. He has invested in Planetary Resources, a well-known space exploration business, as

well as several other start-ups such as Kitty Hawk and Opener. He’s also working on his “Flying Car” pet project.

 

Sergey Brin

 

According to various reports, Sergey Brin, a co-founder of Alphabet Inc and a board member, is the world’s sixth-richest person, with a net worth of $116.5 billion. In 1998, he and Larry Page co-founded Google, the world’s most popular search engine. Google went public in 2004 and became an Alphabet subsidiary in 2015.

 

Warren Buffet

 

Warren Buffett, often known as the Oracle of Omaha in the financial world, is one of the world’s most successful investors. As of 2022, his projected net worth is $114 billion. He is the chairman and CEO of Berkshire Hathaway, a worldwide holding firm that owns more than 60 businesses. Geico insurance, Duracell, and Dairy Queen Restaurant are just a few of the well-known brands in

which his organization has a significant stake. He made his first stock purchase when he was just 11 years old.

 

He saw numerous new business opportunities and became the world’s most successful investor, with a net worth of $81.9 billion as of July 2018. ‘Oracle of Omaha’ is another moniker for him.8. Larry Ellison – $112.1 billion. As of 2022, Larry Ellison, the co-founder of software behemoth Oracle Inc, has a net worth of

$112.1 billion. He stepped down as Oracle’s CEO in 2014 after serving as the company’s CEO since 1977. Oracle’s chairman of the board and main technical advisor is still him. Ellison has been on the Tesla board of directors since December 2018, when he purchased 3 million shares. Moreover, he owns the Hawaiian island of Lanai.

 

Steve Ballmer

 

With a net worth of $97.4 billion, Steve Ballmer is a businessman and investor. From 2000 until 2014, he served as the CEO of Microsoft, where he began his career in 1980. He is also the owner of the National Basketball Association’s Los Angeles Clippers.

 

Gautam Adani

 

Gautam Adani, the Gujarat-based Adani Group’s founder, and chairman is currently India’s and Asia’s richest person, as well as the world’s tenth richest person with a $91.3 billion net worth. Except for a few firms listed on Indian stock markets, Gautam Adani has 74 percent ownership in most of his group’s enterprises. Adani Enterprises Limited, Adani Ports and SEZ Limited,

Adani Power, Adani Transmission, and Adani Green are the firms that make up his group.

Why You Need to Invest in Blogging for Your Small Business

Consumers want to learn more about a business from articles rather than traditional ads in today’s market. Using articles can give a sense of being informed and knowledgeable about a product or service. People are spending more time on social media and our smartphones than ever before, in a way, the power of the newspaper is back – but in blog form. Here is why you need to invest in blogging for your small business.

It is Trending

Reading through blog articles online, sharing them and becoming influenced by them is one of the trending ways to market a business. People are reading into blogs to search for links to products in a new and different way. Consumers want to be informed before making a purchase; to find out the best smartphone out there, or the one that suits their needs. Or to choose a brand of conditioner that is ethically sound. Even for children’s toys and pet products. People want to know what they are buying and how they can get the best possible product or deal.

The truth is that these products may well not be the best. They are simply the best marketed. If your product name comes up and is linked in several articles, your product is more likely to be spotted by consumers. You can also collaborate with companies or influencers to include each other in your blogs. This can be a great way to push your products or services through blogging marketing.

Hire a Blogger

Investing in a blogger is a great idea if you do not have blogging or marketing experience and if you do not have a well-rounded knowledge of SEO.

SEO or search engine optimisation are tactics used by bloggers to push a business higher up the results list on search engines. The higher your business is, the more visible it becomes to prospective customers.

Your blogger will create content that appeals to your target audience and makes them want to share what they have found or to click a link to purchase. Ensure these links work and take them to the correct site. The quicker your blog page and site load and the easier it is to purchase from you, the more likely you are to get repeat visits and sales.

You can employ freelance bloggers from websites like UpWork or Fiverr. These sites offer competitive rates and personal profile pages for freelancers. This means you can check out their experience and reviews beforehand. You can also work in milestones which is a great way of keeping your arrangement ticking over. Each time you want a few more blogs, add a milestone. This will mean you can budget for the number of words used in the blogs rather than at an hourly rate, saving you money in the long run.

Brand Your Blog

Branding your blog is a great way to improve recognition in your audience of your business. Add your logo and website link to every blog post you use. When you add an image to the top of the blog, watermark it with your logo. If you do not have a logo, you can design one for free at a site like https://www.graphicsprings.com/. They are also free to use and download, so perfect for small business owners on a budget.

Write the name of your business after the name of the person who wrote the blog for you. Create this into a hyperlink that takes customers to your website or social page. Have thumbnails that link back to your various socials too, and links to specific products or pages on your website where relevant.

Blogging is a brilliant way to gain visibility within the digital market. Plus, it gives customers an insight that they would not otherwise have into your business. Make it their realm and a great place to be. Build a great relationship with your blogger to get the best out of them, and collaborate on ideas to build your blog outreach.

Industry’s First Gen 4 PCIe® Switches Enable Autonomous Driving

Bengaluru, India, February 22, 2022: High-speed, low-latency connectivity solutions for distributed, heterogeneous compute systems are a fundamental element in next-generation autonomous driving applications. Microchip Technology Inc. (Nasdaq: MCHP) is announcing the market’s first Gen 4 automotive-qualified PCIe® switches. These Switchtec™ PFX, PSX, and PAX switch solutions provide cutting-edge compute interconnect capabilities for Advanced Driver- Assistance Systems (ADAS).

“Our automotive-qualified portfolio of Switchtec Gen 4 switches provides the lowest latency and high bandwidth required to link the CPU and accelerator building blocks used in ADAS applications,” says Krishna Mallampati, Associate Director of Marketing and Applications at Microchip’s data center solutions business unit. “We are delighted to see the culmination of several years of collaboration with key technology partners and customers to bring these solutions to market.”

Switchtec Gen 4 PCIe switches provide the high-speed interconnect that supports distributed, real-time safety-critical data processing in ADAS architectures. PCIe is emerging as the preferred compute interconnect solution for the automotive industry for the same reasons it has become pervasive in the data center market. It provides ultra-low latency and low-power bandwidth scalability to CPUs and specialized accelerator devices.

“The qualification of Microchip’s solutions to meet the stringent needs of the automotive market is a significant milestone, and one NVIDIA closely collaborated on,” said Michael Truog, senior director of Automotive Platform Architecture at NVIDIA. “Microchip’s automotive PCIe switches deliver flexibility and advanced programmability, enabling high-speed SoC and GPU connectivity within our NVIDIA DRIVE platform.”

Development Tools

Microchip’s ChipLink diagnostic Graphical User Interface (GUI) provides extensive debug, diagnostics, configuration and forensics tools for rapid deployment.

Availability

Switchtec automotive-qualified Gen 4 PCIe switches are available in production. For purchasing information, contact a Microchip sales representative.

About Microchip Technology: Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve more than 120,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

Aradhna Dayal: Bringing Foreign Investments in Asia

Even a few decades ago, Asian financial markets were frowned upon as they were a bit hard to access. In order to provide the perfect conduit for global families to come and invest in Asia, Access Alts Asia was born. The organization was founded by a pioneer in Asian investments Aradhna Dayal, who also serves as the CEO of the company. She is a proud global citizen who believes that Asia with its rapid transformation, innovation, and multi-culturalism, holds the key to the global economy. She is always passionate about people and connecting them as global communities.

Aradhna explains, “For as long as I can remember, my biggest joy has been traveling the world, eating at local haunts, chatting with cabbies, exploring cultural nuances, and understanding what makes people who they are.”

Aradhna’s other passion is social justice and societal global challenges that threaten humanity’s future; she has devoted her life to harnessing the power of people to solve them. “In many ways, AccessAlts is my way to create an interconnected community of remarkable people from all around the world who are passionate about making a difference and protecting our future,” explains Aradhna.

Early Career

During the late 1990’s Aradhna moved to Hong Kong and started her family investment office. Hong Kong provided her with the best seats to witness the transformation in Asian financial markets. Soon she witnessed the transformation of countries like China, Indonesia, Vietnam, and India. With many Asian countries becoming economic powerhouses, the potential for global investors to come in grew by quite a few folds.

However, Asia was always frowned upon as opaque and hard to access. So, Aradhna saw this niche and leveraged her wide global network to bridge this gap. She believes that business families are inherently entrepreneurial and they like looking at new geographies. However, they prefer coming through a trusted network. Aradhna provided the perfect conduit for global families to come and invest in Asia, which eventually led to the birth of Access Alts Asia.

Bringing Global Investors to Asia

AccessAlts Asia is a Hong Kong-based platform that brings different global investors and ground-breaking technology to Asia. As we all know Asia is transforming, and it needs ideas and capital.

However, before Aradhna started AccessAlts, Asia was seen as a market that is opaque and hard to access. Aradhna understood the importance of this niche and leveraged her wide global network to bridge this gap. Started as a simple idea-sharing platform in Hong Kong six years back, Aradhna has led AccessAlts’ exponential growth into an influential, global “members-only” investment club with over 350 members, channelizing smart capital into transformative companies.

Aradhna’s unique business idea and vision are the main reason for Access Alts Asia’s growth. Launched at the right time and at the right place. Through AccessAlts, Aradhna inadvertently created the first East-West investment bridge that tied global family offices together. It was also the time when Asia was creating the largest number of Unicorns in areas like transportation, financial services, deep technology, and e-commerce.

Amidst this, Access Alts pioneered the concept of discreet, intimate Member Meets in key financial centers: New York, Dubai, London, Washington, San Francisco, Hong Kong, and Shanghai, giving the club a global footprint very quickly.

When the Pandemic Wreaked Havoc

According to Aradhna, Covid was disastrous for her organization, which relies on physical meets to bring its members together. The business stopped for three months. However, the organization soon leveraged the opportunity to pivot into a Digital Consultancy on Business Preservation and Impact Investing;

  • The club started providing 360-degree consultancy to family businesses, from digitalizing their operations to entering new markets and verticals.
  • The club also incubated multiple start-ups in Asia. The start-ups serve in areas like e-payments, electric vehicle batteries, e-education, etc.
  • Also the club has done many landmark deals with companies like SpaceX and Beyond Meat during the pandemic.
  • It used various innovative techniques to begin hosting Virtual Meets to replace physical meets, creating an online network of investors and experts from around the world. This led to a more powerful community than ever.

 

Preparing for the Future

Having created a formidable network, Aradhna wants to leverage it to empower women business leaders and entrepreneurs. “I have always been passionate about creating a just and diverse society that provides equal opportunities to all,” said Aradhna. “Covid has allowed me to take a pause and think about the legacy I want to leave behind.”

“We want to fund women-led businesses and create a formidable ‘she-economy.” We also want to nurture female talent and have launched a Women on Boards initiative that handholds talented young women for corporate boardrooms roles.”

Aradhna, along with her children, Pradyumn and Pankhuri Dayal, also runs the aid platform Move4Migrants to integrate migrant and minority communities into mainstream society.

Finally, through Access Alts, Aradhna wants to direct capital and resources towards technology that creates a fairer world. “As I head towards my 50s, I have become cognizant of the importance of focusing on social ROI rather than financial ROI,” explains Aradhna.

Quote: “Success is not final, failure is not fatal; it is the courage to continue that counts.”

Company Name: Access Alts Asia

Management: Aradhna Dayal, CEO, and Founder

URL: accessalts.com

Industry’s Only Family of Standard Non-Hybrid Space-Grade Power Converters Now Includes 28 Volt (V)-Input Radiation-Tolerant Options

  • Microchip’s alternatives to inflexible hybrid-style converters improve design flexibility while reducing system size, cost and development time

India, January 27, 2022 — Space system designers cannot easily support non-standard voltages or add functions with traditional hybrid-style power converters. Microchip Technology Inc. (Nasdaq: MCHP) has eliminated the cost, complexity and customization challenges of these hybrid solutions by offering a discrete-component-based, space-grade DC-DC power converter family that now includes 28V-input, 50-watt (W) radiation-tolerant options.

“Our latest 28V-input SA50-28 products greatly simplify and accelerate system development,” said Leon Gross, vice president of Microchip’s discrete product business unit. “They are easier to customize than alternative space-grade power converters so they can meet specific voltage, current and other needs. Customers gain flexibility while reducing the size, cost and complexity of their space system designs.”

Microchip’s SA50-28 family is the industry’s only off-the-shelf, 28V-input, radiation-tolerant power converter offering that is based on discrete components with surface-mount construction and non-hybrid assembly processes. Delivering more capabilities than alternative off-the-shelf, space-grade power converters, a single SA50-28 device with customized parameters eliminates the volume, weight and complexity problems of using hybrid solutions with their multiple devices and surrounding circuitry.

Microchip’s comprehensive SA50-28 product line is a 20V- to 40V-input, 50W family with nine standard outputs of 3.3V, 5V, 12V, 15V and 28V in single- and triple-output configurations. The devices can be tailored to a system’s exacting power needs in a relatively short time with minimal additional costs as compared to hybrid-style power converter products. Other features include high efficiency, low output noise, output inhibit control, overcurrent protection, external synchronization and full-rated power operation through −55°C to +85°C with linear derating to +125°C. The SA50-28 family is part of Microchip’s growing line of standard non-hybrid, space-grade power converters that enable designers to use commercially available, off-the-shelf components whose circuitry has a proven spaceflight heritage. The products join the radiation-hardened SA50- 120 power converter family, introduced in February 2021 that reduces risk and development time for qualified space systems by allowing designers to start with proven commercially available off the shelf technology in ceramic or plastic packages and quickly scaling up development using lower screening levels than traditional Qualified Manufacturers List (QML) requirements.

Availability

Microchip’s radiation-tolerant SA50-28 family is available for volume production and limited sampling. Prototype-grade units are available from stock, and non-radiation-tolerant engineering units are also available with the same performance as the space-grade units at a lower cost. Delivery times are usually faster than hybrid-construction units with no associated lot penalty. The devices are complemented by Microchip’s family of FPGAs, high-reliability radiation-hardened power semiconductors, and space-grade timing devices. For additional information, including pricing, contact a Microchip sales representative, authorized worldwide distributor, or visit Microchip’s website.

About Microchip Technology

Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve more than 120,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

ICICI Bank makes ‘InstaBIZ’ interoperable; instantly empowers merchants with digital collection solutions

ICICI Bank today announced that it has made ‘InstaBIZ’ interoperable, making the benefits of its business banking mobile app available to all merchants including customers of other banks. The first-of-its kind initiative enables merchants- owners of grocery shops, supermarkets, restaurants, stationery stores and pharmacies and professionals like doctors and lawyers to instantly create digital collection solutions like UPI ID and QR code, and start collecting money from their customers immediately. They can also digitally apply for Point of Sale (POS) device. Further, they can transform their shops into an online store in just 30 minutes, and apply for a voice messaging device that confirms the receipt of the payments.

  • The first-of-its kind app enables merchants to link account of any bank with it
  • Merchants can instantly create UPI ID and QR code on the app; start collecting money immediately
  • They can also apply for POS; quickly convert their physical shop into an online store
  • It offers fully digital and instant KYC process

Any merchant, no matter it has a current/savings account with ICICI Bank or not, can avail the solutions by simply downloading the ‘InstaBIZ’ app from Play Store and link their bank account. This initiative features a completely online and instant Know Your Customer (KYC) process. Merchants do not need to visit any branch nor upload any document. The initiative leverages upon advanced APIs of the Bank that instantly and digitally validate PAN/ Aadhaar number which is required for verification of KYC.

Speaking on the initiative, Mr. Anup Bagchi, Executive Director, ICICI Bank said, “We at ICICI Bank always believe that the self-employed and the MSME segment forms the backbone of the Indian economy. A large part of this segment consists of retail merchants. It is our endeavour to support merchants- around two crore across the country by offering them solutions that make their business easy. With this aim, we were the first to introduce ‘InstaBIZ’, a mobile banking app for businesses, two-and-a-half years ago.

We believe that the benefits of our products and services should not be restricted only to our customers; those who bank with others should also avail them. In line with this philosophy of ‘open architecture’ of our digital banking platforms, we made ‘iMobilePay’, our mobile app for personal banking, available to any individual last year. It was the first of its kind initiative in the industry. Similarly, we are now delighted to extend the ease, speed and safety of ‘InstaBIZ’ to merchants having accounts with any bank in the country, another industry-first initiative. Now, any merchant can instantly avail digital collection services from ‘InstaBIZ’ and immediately start collecting money from their customers. Merchants also get the advantage to get their KYC process done in a fully digital and paperless manner without visiting a branch of the Bank. We believe that this new and unique digital offering resonates with merchants across the country, as it frees up their bandwidth to a large extent, which they can devote to grow their main business.”

Here are the benefits of the digital collection services of ‘InstaBIZ’ for any merchant:
Key benefits:
Create UPI instantly: Merchants having bank account with any bank can download the app, instantly link their bank account and generate a UPI ID easily. This helps them to collect payment physically at the store, home deliveries and online payments. The facility provides instant settlement of payment in the merchant’s account as compared to the industry practice of getting it credited on the next day.
Create QR code instantly: Merchants can instantly create and activate QR code and link it with their account in any other bank. They can then generate digital QR codes with specific amounts and share it with customers digitally on email or messaging platforms. They can also take print outs, keep it at their stores and start collecting payment immediately.
Apply and manage POS: Merchants can apply for POS through the app itself and receive it in a day if they are based in major cities. They can digitally place service requests like indents for paper roll, terminal issue, activating EMI, international card acceptance, statement request, transaction status, GST invoice among others, through ‘InstaBIZ’. They can also track status of all applications of their POS device itself.

Value-added services:
Create digital store: The facility enables merchants of any bank to create digital store on ‘EazyStore’ mobile app. They can choose from over 500 attractive templates and catalogues to design their digital store. The facility also enables merchants to create promotional campaigns, manage invoicing, inventory and collections. The digital stores can be created in flat 30 minutes by just four clicks.
Apply for UPI contactless solutions: Merchants can order counter standee/ plaque for UPI payments from the app itself in quick and easy steps. They can also apply for a voice messaging device, ‘EazySound’, to get real time instant payment confirmation for both successful as well as failed transactions.
Loyalty programme: The merchants are also offered ‘Eazy Rewards Programme’, another industry first feature. With this, merchants accepting instant cashless payments from customers through POS/QR solution, get points for transactions which can be redeemed for shopping, vouchers, vacations among others.

About ICICI Bank: ICICI Bank Ltd (BSE: ICICIBANK, NSE: ICICIBANK and NYSE:IBN) is a leading private sector bank in India. The Banks consolidated total assets stood at 16,82,904 crore at December 31, 2021.

India’s Gautam Adani Becomes Asia’s Richest Man

According to Forbes’ Real-Time Billionaire estimates published on Thursday, Indian industrialist Gautam Adani has surpassed Bill Gates to become the wealthiest Asian, with a net worth of $90.1 billion. He is now the 10th richest person on the planet. According to Forbes, he just beats out fellow Indian billionaire Mukesh Ambani, the chairman and CEO of Reliance Industries, worth only $100 million less at $90 billion. Previously, Ambani held the title of wealthiest Asian billionaire.

The achievement is extraordinary for Adani, who is 59 years old and a college dropout who founded a commodities export company in 1988. In 2008, he was listed as one of the world’s billionaires, with a net worth of $9.3 billion, according to Forbes magazine. His Adani Group is comprised of a diverse range of enterprises, ranging from power production and transmission to edible oil to real estate and coal mining. A total of six of the group’s Indian subsidiaries are publicly traded, the most valued of which is Adani Green Energy Ltd, which has seen its stock price rise by 77 percent in the last year.

Adani’s net wealth had almost quadrupled since Forbes published its annual World’s Billionaires list in April 2021, when his net worth was $50.5 billion. During the same time, Ambani’s net worth increased by just 6.5 percent, from $84.5 billion in April of last year to $90.5 billion now. On Thursday, the stock of Reliance Industries, which operates in the oil, petrochemicals, retail, and telecommunications industries, declined 1.47 percent, taking the company’s year-to-date loss to 2.3 percent.

Adani hails from the Indian state of Gujarat, which is located in the west. His college studies were cut short, and he created Adani Enterprises, a commodities exporting company, in 1988. He soon extended his company’s operations to include port management, electricity generating, solar energy, and other services. According to reports, Narendra Modi, the Indian Prime Minister who served as the state’s chief minister before becoming Prime Minister, has lent his backing to the Adani Group’s expansion. Modi was a guest at Adani’s son’s wedding, according to a 2014 storey in Forbes magazine. The Adani Group purchased a 74 percent share in Mumbai International Airport, which is the second busiest airport in India, in September 2020.

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