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15/06/2018

May the magic of this Eid ul-Fitr bring lots of happiness in your life,
May you celebrate it with all your close friends and family,
And may your heart be filled with love and joy!
Eid Mubarak!

20/03/2018

Startup go back to known investors for double dip

Chennai: In a sign of tougher times and growing maturity of the ecosystem, startups are going back to their investors for a second round in a bid to extend their runway and build the business further. As venture capitalists take longer to cut cheques, startups focus on measuring unit economics.

Angel investment group Keiretsu Forum has seen 8 of its portfolio companies come back for a second round over the last 2 years. From 3 follow-on rounds in 2016, Keiretsu Forum made 7 follow-on investments in 2017. “This is a reflection of the market. It is taking longer for companies to build momentum. Also, when money supply is tight, it is easier to raise follow-on money from people who ‘know you’,”said Rajan Srikanth, co-president, India/Singapore. In a bid to support startups prepping to go in for another VC round, Indian Angel Network has an IAN Fund which invests in the IAN portfolio companies as and when required. “Venture Capitalists take their time to understand the model, crunch the numbers and do their due diligence. For some startups, this time period is tricky as they can lose their traction and even shut shop. With the IAN Fund, we are able to crunch their fund raise time,” said Padmaja Ruparel, founder, Indian Angel NEtwork. IAN Fund has invested in 8 companies to date.

This trend of reverting to known investors for funds is not restricted to early stage deals, says Arun Natarajan, founder, Venture Intelligence, a data research firm.Several big names have gone back for a double dip in the last few months. For instance, UrbanLadder raised $12 million from 4 existing investors in January this year. In November last year, Accel Partners pumped in Rs 100 crore into their portfolio company Universal Sports Biz, Venture Intelligence data said.

“Grofers raised Rs 400 crore from existing investors Tiger Global and Softbank. Their valuation dropped 20% and the round did not see participation from Sequoia Capital. This is a trend we will continue to see,” said Natarajan.

20/03/2018

Lenders see stronger bids in round 2 for Essar Steel

MUMBAI: Lenders to Essar Steel expect far more aggressive quotes from Numetal and ArcelorMittal in the second round of bidding. Banks are also not ruling out new entrants, which could make the process more competitive.
This month the court-appointed resolution professional, who is managing Essar Steel in the ongoing insolvency proceedings, ruled the two bids by Numetal and ArcelorMittal as invalid. Russia’s VTB Bank-promoted Numetal’s bid was turned down because of the presence of Rewant Ruia — the younger son of Essar Group promoter Ravi Ruia — as a shareholder in the company. ArcelorMittal’s bid also did not qualify because the company was a promoter of Uttam Galva and KSS Petron — two defaulting companies.

12/05/2017
17/02/2017

Libraries Demonstrate How Data Can Supercharge Low-budget Marketing

Libraries may still be analog institutions, but their creative staffs are finding ways to leverage both data and their traditional expertise—information sharing—to adapt their marketing for modern communities
"Spoiler Alert! Dumbledore dies on page 596.”

This message, which appeared on a billboard in Arkansas, wasn’t really a surprise (the Harry Potter books and movies had been out for years), but the messenger provided the shock value: It was an advertisement for the local public library.

Once upon a time, libraries never had to market themselves. If you wanted to know something, they were the only game in town. They had a monopoly on knowledge that lasted for centuries or longer; however, it was a trust busted by the advent of Google, Amazon and numerous other internet resources. Suddenly this well-known entity was tasked with doing something that was once entirely unnecessary: It had to vie for our attention.

“Libraries realized they had to transition the way they were functioning in their communities because the world was changing around them,” says Ben Bizzle, CEO of Library Market, a solutions firm for libraries. “It’s impressive to see an industry this large, that has been what it’s been for so long, embrace that and make that transition.”

Librarians themselves have two enormously important marketing skills working to their advantage: They’re data-driven and creative. But there are obstacles that limit them, be it time, money or professional expertise. Plus their audience is no longer on site. The old ways of marketing the library, such as a pamphlet located at the check-out desk or a bookmark slipped inside a paperback, won’t reach the desired customer anymore.

When Google and Amazon Inc. debuted in the mid-1990s, it was time for the library to move out from behind the desk and into people’s lives. If libraries were going to spend their funding on collections, events and other resources, the audience needed to know they existed.

“As funding has become tighter, people have realized that it’s really important to have good usage data and users who feel like the library is meeting their needs,” says Mary Mackay, marketing director at the American Library Association. “It’s no longer just a question of libraries pushing out information about the programs they’re offering, it’s more [about] community engagement.”

COMMUNITY STATISTICS
A public library’s audience is its community, and that community can vary widely. Mary Beth Mulholland, director of marketing at the Chicago Public Library, can attest to just how varied and dynamic that group can be. Her library system has about 80 locations, one in every Chicago neighborhood, and each neighborhood’s needs can be completely different. In addition, each patron within those neighborhoods requires different outreach.

CPL was looking to launch a campaign for its digital skill-building program for those with limited or no technological skills. The library typically aims to incorporate a digital element in its marketing efforts, such as social media or e-newsletters; however, those lacking digital skills weren’t likely to see such ads.

“We backpedaled from that and couldn’t do any digital advertising,” Mulholland says. “We focused that campaign around the [Chicago Transit Authority] and print advertisement, which we hadn’t done in a really long time.”

Some of the most objective data sets libraries have at their disposal are basic demographics, which can be free and easy to access. Kathy Dempsey, conference chair for the Library Marketing and Communications Conference and founder of Libraries Are Essential says she often advises libraries to use U.S. Census data.

“Everything is free at census.gov,” Dempsey says. “A very simple start that a library can do is look at their population area, get all the addresses within it and check their patron database against those addresses to see what percentage of people in their service area actually do have library cards.”

Public libraries are often under city or county management, and those associations have a slew of geographic and demographic data that’s free for the libraries to access. While the specifics of what cardholders check out remains private, libraries can track how much patrons check out and what type of media they access. A March 2016 report funded by the Institute of Museum and Library Services used 2014 patron and checkout data to group top library users by lifestyle, interest, preference and behavior. The report, “Core Customer Intelligence: Public Library Reach, Relevance, and Resilience,” pulled this market segmentation data from 10 public library systems across the U.S.—a tactic often used by major corporations. One of the study’s unexpected results, according to Library Journal, was the number of single-adult households that are core customers, which included both middle-class and so-called struggling households. The study also found Latino households to be one of the fastest-growing population groups among library users.

Should a library’s budget allow, there are also products that provide a snapshot of specific communities. Analytics On Demand (AOD), a data solution from Gale, part of Cengage Learning, is intended to help libraries quickly and easily learn more about their users and communities. The platform allows libraries to upload their existing data—such as number of checkouts per household—and combine it with some other information from the U.S. Census Bureau and Experian, which specializes in consumer and business credit reporting and marketing services. The user chooses the geographic area to view, which can be narrowed by zip code, city or even driving distance from the library.

“What we wanted to do was take a look at the data any given library has access to,” says David Ziembiec, western region district manager at Gale and co-founder of AOD. “Once we were able to find that out, we then asked the question: How can we turn that data into an actionable insight? It’s really no different than how a business would do this.”

Ziembiec says the Patron Profiles app is the cornerstone app on the service with 99% of AOD customers using it. The app provides libraries with a report that details where their patrons live, average household incomes and other details, such as Mosaic groups, a segmentation created by Experian that describes lifestyle information. With this report, marketers can anticipate the behavior, attitudes and preferences of various customers.

Sacramento Public Library was an early adopter of AOD. Amy Calhoun, communications and virtual services manager at SPL, says one of the most notable improvements in the library’s marketing efforts since using AOD has been the open rate of its e-mails. Anyone who opens a library card or opts into the e-mail list receives newsletters from the library. When the library sent out e-mails to this general list detailing summer reading programs or other services, the open rate was about 12%.

SPL then decided to use the Mosaic profiles from the Patron Profiles app to sort its e-mail addresses. To promote tech classes or the library’s e-book collection, SPL only e-mailed those considered tech-savvy or early adopters. The result was an open rate of 30% to 40%.

“We’ve learned that, rather than just going by zip code or even blasting the whole list, we want people to find the e-mail relevant and open it,” Calhoun says. “Even if it’s a segmented list, the higher open rate is important to us. Not only is it serving us better, but it’s serving them better. They’re finding the e-mail more relevant.”

17/02/2017

Deloitte’s First CMO Walks in No One’s Footsteps

Diana O’Brien, Deloitte’s first CMO, is still trying to bring disparate organizations within Deloitte together, but she’s thought a lot about data, robots, social employees and how to differentiate experiences

There’s no pressure to follow in anyone’s footsteps for Diana O’Brien. She’s taken the reins as Deloitte’s first CMO. It’s a different job than O’Brien expected, as the majority of her focus for nearly two years has been on breaking down disparate silos within Deloitte.

It seemed natural to her to bring the silos under one umbrella, O’Brien says, but, “what I didn’t appreciate when we first started was how powerful an engine we would be in championing our clients by capitalizing on the powers we have now that we’ve brought some of these groups together.”

O’Brien became CMO in March 2015 after working for Deloitte in various roles since 1985. She has pushed out new campaigns, adopted new data technologies and served as the voice of the customer in Deloitte’s C-suite. Marketing News spoke with O’Brien about her time as CMO thus far and her plans for the future.

Q: How has your role at Deloitte evolved?
A: I’ve had a long career at Deloitte. I joined our consulting practice in 1985. For most of my career, I’ve served clients, so I’m a very client-oriented CMO. Five years ago, I took the responsibility to build Deloitte University. That’s our leadership center in West Lake, Texas, for all of our professionals to invest in their development and create an environment where they not only will be given the opportunity to grow their leadership skills, but to concentrate and spark ideas with clients and their colleagues. That’s a touchstone of our culture today. That was an incredible experience that was unexpected in my career, as was becoming the CMO.

Q: It seems like each company has its own definition of what a CMO is. What’s your vision for CMO at Deloitte?

A: We define my role as a champion for clients and a driver of growth. We have a responsibility to build Deloitte’s reputation, and we do that by creating powerful experiences, unique insights and, ultimately, building lasting relationships with our clients. In my organization, I have a number of leaders that have market eminence and industry sector eminence who are bringing the insights to our clients to help them solve issues that they face.

When you couple what they do—which is build solutions—with the brand, [Deloitte’s] creativity and innovative mindset, our policy understanding, corporate citizenship and investment, all of those things really create a differentiated experience. That’s what enables us to help the business grow.

Q: Are you able to work easily with other executives in the C-suite? That has been a challenge for many marketers.

A: I wouldn’t say that’s been my experience at all. There are some CMOs who are unfamiliar with sitting in the C-suite, but at Deloitte we view marketing as a growth driver, not a cost center. I’m solving problems with my colleagues. I connect the dots across what our customers need the most, what our brand needs in the market place and what our chief talent officer and risk officer might say our conduct would be. I’m connected to every part of the C-suite. The advantage the CMO has, if they embrace it, is that they are closest to the customer. They have the deepest insights and they have the people and relationships to be in touch with the marketplace and understand what’s needed. If they can translate that into the language of their C-suite peers, they become an invaluable resource for problem solving and ensuring the experiences defined in the brand are what they create.

Q: You’re able to be an advocate for the Deloitte customer?

A: That’s what any good CMO really is: the advocate for the customer. That’s relatively new. It started to change in the last couple of years. CMOs have been embraced and [companies see] them as someone who can solve problems and unite the C-suite, rather than being tactical.

Q: Tell me about your new “Look Again” ad campaign and your acquisition of creative ad agency Heat?

A: Heat was an acquisition we made at the end of [2015]. It’s a tremendous asset that allowed us to become closer to a full-digital agency. We always had a strong practice in supporting [marketing], but we didn’t have the advertising component. Being a chief storyteller is a big part of what you need to have in order to serve as CMO. Our acquisition of Heat was critical for this.

We have a long history based on trust and integrity, but we also have a very large practice that helps transform businesses to be more innovative and insightful. We weren’t as well-known for that, and we wanted to establish a creative platform that helps us communicate that to our clients as well as to our professionals. We formed an agency model within our own organization to take full advantage of Heat. We wanted to eat our own dog food. What we’re advising our clients to do and what we want to do ourselves.

Heat, our digital agency, to help us craft a creative platform for our future. It’s a creative platform to emotionally connect to how we behave in the marketplace and arrive at some of the best solutions that our clients need. “Look Again” was our first foray into TV advertising in a while. It’s the essence of what Deloitte is looking at. We will look further to find the solutions you need. We will look within, we’ll look behind, we’ll look forward, we’ll look around to give our people the tools to ensure our clients are moving forward with things that are important to them. TV wasn’t the only thing we did; it was a piece of the story.

Q: TV advertising has dropped off a bit in recent years, but advancements are still being made in the use of customer data and segmentation. As CMO, how do you make use of data?

A: Every company is a data company. Every company is a technology company. We’re all rich with data, and we all have many different kinds of technology. The key is to use the data and the technology to create meaning and understanding, so you can make choices and decisions and be more proactive in satisfying your clients’ expectations. You can be overwhelmed by data, and it can overtake you, but the key is to stay focused on the problems you’re trying to solve and your goals. Then, you can organize and synthesize data in ways that give insight around your customer’s behavior and preferences. You understand performance more deeply and you get real-time feedback on your brand KPIs. That’s what allows you to exceed your customers’ expectations.

Q: When searching for customer insights, marketers have different philosophies. Some start with a problem, some go fishing for insights. What route do you take?

A: You have to be scientific about it​. You have to know the problems you’re solving and organize data to answer those questions. You have to look at data in a holistic way and look at surface trends. Both are important. Those trends can tell you things that you might not be thinking about when you’re just focused on solving a problem, such as “What are the preferences of this client segment over that segment?” When you look at trend data, you can see that people who buy “this” tend to buy “that.” Those are things you might not have asked a question about. We use data scientists, research and analytics to look at the data, so you can find different answers depending on where you’re looking.

Q: How do you navigate omni-channel marketing at Deloitte?

A: Omni-channel is a non-negotiable. You have to be where your clients are, and you have to deliver consistently to them. We understand that you no longer create a relationship with your clients by just having in-person relationships. That’s still important, and we don’t diminish that, but there are digital and social aspects we have to embrace. You have to use digital, social and physical in combination. It’s not to say you invest in all of them equally. You have to start with where your clients are, what’s needed to bring solutions to that segment and how to optimize that channel for that particular client segment. That’s how you meet expectations in ways that are value-creating. You’re giving it to them in ways they can digest and they most want to experience.

Q: Are there other ways to get in touch and stay in touch with customers?

A: We have a number of programs that focus on the customer experience. We bring together the physical and the virtual, engaging the customers throughout. We might use virtual reality to help them experience something. Customers will be in the physical setting and we may be able to have a facilitated dialog right there. We have robots we’re testing now that we put into individual sessions. If I’m in an immersive session with someone, the robot can be present and it could bring people, say a certain executive from one market or an executive from Asia or Europe, into that setting in that moment, and allow you to engage with them. That’s the real-time feedback that executives have received when we create these personalized experiences our clients are interested in.

Q: What’s the most important thing you’d like to see accomplished as CMO?

A: The legacy I’d like to leave is for all 80,000 professionals at Deloitte to be unleashed as ambassadors of who we are, what we are and be able to express that in the marketplace every time they’re interacting with our clients. My No. 1 job is to make sure they’re all ambassadors of our brand.

Q: Is that tough to do? Everyone has a different personality, so I imagine it takes a certain level of trust.

A: It definitely takes trust, but in the 24/7, unscripted world you have to trust people to make the most of every moment and make extraordinary experiences. Our purpose is to make an impact that matters; we want you to make an impact that matters with our clients, our people and within the communities where you live.

We’ve conducted enough research to know there are behaviors that we respond to and bring out when we’re at our best. Things like walking in someone else’s shoes and showing empathy. You understand through the client’s eyes. You ask questions that demonstrate that you understand and you’re willing to listen and lean into their issues. Another is to show up and be fully present—physically, emotionally and intellectually. Show undivided attention. Get into the trenches with them. Get on a plane if need be. Be there for them if they need you. These are things that I think stem from personality. They stem from behaviors of the kind of culture you want to have and the kind of people you want to be around.

17/11/2016

MBA 2nd Sem result out

06/02/2016

BEST OF LUCK to 1st Sem and 3rd Sem Students for Semester Examination 2016...

14/11/2015

Railways to introduce 294 special trains, add coaches

THIRUVANANTHAPURAM: Southern Railways will introduce 294 special trains and add additional coaches to existing trains to enhace 3700 berths in an effort to handle spurt in pilgrim traffic during the Sabarimala season.

The decision in this regard was taken at a review meeting held here today by the Minister of state for Railways, Manoj Sinha, with top officials of the Southern Railways, including Vasishta Johri General Manager, Southern Railway, Sunil Bajpai, Divisional Railway Manage ..

14/11/2015

Paris terror attacks: Top Indian IT companies like HCL, TCS, Infosys issue advisory to employees

READ MORE ON » Paris | HCL Technologies
All major Indian IT cos, which employ thousands of people in France, have issued statements about the safety of their employees and have sent them an advisory to follow.
All major Indian IT cos, which employ thousands of people in France, have issued statements about the safety of their employees and have sent them an advisory to follow.
Related Companies BSE NSE
HCL Technologies Ltd.-9.25 (-1.09%)
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NEW DELHI: Following the deadly terror attacks in Paris on Friday night, all major Indian information technology companies, which employ thousands of people in France, have issued statements about the safety of their employees and have sent them an advisory to follow local guidelines from authorities.

Several public locations in Paris, the capital city of France, were attacked by gunmen and su***de bombers on Friday, killing at least 127 people and injuring nearly 200 others.

France is an important market for India's $146 billion IT outsourcing industry. Indian IT companies either send their employees to a client's location or hire locally to fulfil contracts in the region.

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