Monday, 1 September 2014
To deliver the regular with a long-term vision: HR role in pharma/biotec
Keep your professional networking profile updated
Keep your professional networking profile updated
Though online recruitment portals and employee referrals are the preferred recruitment channels, organisations are invariably leveraging professional networks to review candidate profiles and support recruitment cycle for niche profiles. Candidates need to take note of this trend.
We live in the age of virtual social networks where most of us – especially the Gen Y – have an active profile on more than one social network – either professional or personal or both.
Social media networks are not just places to network and chat casually. They are increasingly emerging as personal branding tools for individuals which contribute in building their complete virtual personalities, reflecting their interests, ideologies, personal aspirations, professional specialisations and more.
Social networking for a job seeker
For job seekers, irrespective of the number of years of experience, building their own personal brand via professional social networks is emerging as a necessity to differentiate themselves from their competitors floating in the large job-seeker pool.
When it comes to hiring, it is common practice for recruitment heads to use social media as a supporting tool in the whole process of sourcing candidates. For example, when the recruitment heads receive profiles of shortlisted candidates, they try to gauge their potential by scanning through the recommendations they have received from industry leaders and peers on their respective professional social network profiles.
How professional networks are supporting recruitment cycles
Experts say that though social media may emerge as a supporting channel facilitating capture of niche talent, it might not surface as the only means for sourcing candidates.
This is corroborated by a recent TimesJobs.com survey which highlighted recent trends reflecting the most preferred recruitment channels of Indian businesses. The survey brought out that the most preferred methods for sourcing candidates in India are online job portals (55%) and referrals fromcompany employees (33%).
Only less than 9 per cent hiring across the surveyed companies happened via social media hiring channels. These organisations leverage professional social networks for mainly three reasons:
- Assessing personality: Once the applicants are shortlisted using traditional recruitment channels, hirers use social networks to get a deeper understanding of the applicant’s overall personality which might not be reflecting in the formal resume
- Hire niche talent who are passive job-seekers: The second reason is to tap the niche talent who are domain specialists. Such professionals might not at that point in time be actively looking for a job. Hence, they are unregistered with online job portals and not discoverable to the employer. Intel is one such company which is using professional social network for this. Preethi Madappa, director – HR, Intel South Asia said, “At Intel, the professional social networks have enabled us to reach out to potential candidates who are armed with certain critical skills.”
- Enmeshing professional networks with contests to tap talent: The basic concept of professional social network is also being increasingly interwoven with online contests aimed at testing the skills of interested candidates. This is emerging as a focused approach to reach out to the required target candidate profiles. “Today, the professional social networks are being explored by many companies to crowd source profiles and procure CV’s through contests and seminar platforms,” said Richa Pande, VP & Head – Human Resources, Ramco Systems.
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Storage technology specialists role emerging
Storage technology specialists role emerging
Storage technology specialists need to have a product line exposure or certification in various storage technologies and also have a good grasp over emerging technologies like cloud computing, big data and virtualization so as to continually simplify the storage infrastructure and improve its performance
Among enterprises, the importance of tapping various data channels be it social, cloud, mobile, analytics or internet, is emerging as a necessity to keep the business competitive and ahead of peers.
A recent IDC report corroborates that over the next decade, the amount of information that would have to be managed by enterprise datacenters is set to grow by a factor of 50 and the number of files the datacenter will have to deal with will grow by a factor of 75 at least. This has forced enterprises to rethink their storage management strategies and hire the best domain specialists who are experts in storage technolgies.
Profile of a storage specialist
Today, an organization has loads of business data thriving in silos across various storage devices. The key role of a storage specialist is to analyse what business data should be placed at which storage tier and why. Let us look at an example.
Within enterprises, there are a few critical enterprise apps – like a business intelligence tool – which need to respond quickly to any data centric query. Any lag in response by the app could impact a prospective business opportunity. In such a situation, it is the storage specialist who needs to strategise and decide to place such apps on high performance storage devices such as flash storage.
Then there are certain non-critical enterprise data which need to be archived and not be retrieved frequently. Here, it is the storage domain specialist who critically analyses the data and decides to place it on either low performance data storage devices or even on cloud storage, where data rests on third party servers.
Considering that an enterprise generally has a mix of storage technologies from a variety of storage vendors, a storage specialist needs to be well versed with the basics of various storage technologies.
Gap in demand and supply
“The rapid growth in digital information is demanding more and more trained storage professionals, resulting in a shortfall of skilled storage professionals. There is a big professional skill gap when it comes to new technology shifts of cloud and big data that are transforming the role of IT in business,” said Krishna Kant, head, EMC Academic Alliance – South Asia & Russia.
Today, organizations are scouting for storage technology specialists who can juggle with a range of storage technologies. The fact that big data analytics, virtualisation and cloud technologies are quite closely inter-linked with storage technologies, is also necessitating storage specialists to up-skill themselves to understand these emerging technologies.
“Some of the skill-sets which storage domain specialists must possess range from a deep knowledge of storage protocols to enhancing performance quality of enterprise apps running on the storage devices and knowledge of how to work with cloud,” said, Supriya Dhanda, HR head of SanDisk.
Key specialisations for a storage specialist
- Product line exposure or certification in various storage technologies such as tape libraries, serial attached SCSI (SAS) technologies, network attached storage (NAS) technologies and direct attached storage (DAS)
- Storage administration skills and clear concepts of storage arrays from various storage tools
- Advanced hands-on trouble shooting exposure on enterprise storage products/tools and SAN switches
- Intelligence to design, deploy and support enterprise storage area network (SAN) fabric and manage data back-ups
- Ability to work with the database and application teams to understand the specific storage requirements for new projects and get them up and running within the stipulated time
- Comprehensive grasp of emerging technologies such as big data analytics, cloud computing and virtualisation and how they should ideally connect and impact enterprise storage infrastructure
- Ability toseek out and implement new technologies to continually simplify the environment while improving security and performance of storage infrastructure
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Data helps HR to make top performers successful
Data helps HR to make top performers successful
The science behind smarter workforce is to drive measurable business outcomes by integrating talent, culture and work.
By applying a combination of analytics, capability of workforce science and social, organisations can attract, retain and develop the right talent to create a collaborative work culture that seamlessly connects people and enhances the speed at which work is delivered. Anmol Nautiyal, director – IBM Social Business & IBM Smarter Workforce shares how cloud-based solutions and data & analytics helps in creating a smarter workforce.
What do you mean by Smarter Workforce?
Smarter Workforce is the ability to instill precision in talent decisions to improve the measurable business outcomes for an organisation. By applying a combination of analytics, capability of workforce science and social, organisations can attract, retain and develop the right talent to create a collaborative work culture that seamlessly connects people and enhances the speed at which work is delivered.The concept of Smarter Workforce can broadly be described as re-inventing work in this era of empowered employees.
How can cloud-based solutions help easing out talent challenges?
Cloud has immense potential to integrate the values that are derived by combining social, behavioural science and analytics. Today, organisations need the integrated capability to manage the talent cycle of employees. To this end, IBM recently launched its SaaS-based Talent Suite that allows Chief Human Resources Officers (CHROs) and C-Suite executives to gain actionable insights from the deluge of data shared every day by their workforce.
Using this solution, HR professionals can look at large volumes of employee data such as work experience, social engagement, skills development and individual interests to identify the qualities that make top performers successful. Organisations and teams can then use those models to pursue candidates through additional targeted social marketing on social recruiting sites, where job seekers matching the profile are connected with opportunities matching their skills.
Organisations can accelerate the on-boarding and the integration of new hires through enterprise social capabilities. This helps employees share information and find the right experts to accelerate learning and increase productivity and engagement, while at the same time providing a way for leaders to manage their teams more effectively.
Through analytics and reporting, line-of-business leaders can better understand emerging employee trends and more effectively manage each individual career path in areas like skill attainment, performance appraisals, compensation and succession planning.
What is the role of data and analytics in creating a Smarter Workforce? What should organisations do to maximize the ROI on this?
A huge volume of data is being generated continuously. Applying data and analytics to make sense of employees’ conversations on social engagement platforms and using analytics and workforce science to identify top talent, deepen employee engagement and manage transformational change are useful for organisations. Providing differentiated client experiences is also included within the ambit of creating a smarter workforce. An organisation with analytical capabilities sees a direct correlation with reduction in time and cost invested in managing employees, as well as faster decision making and hence, increased ROI.
Which HR areas are covered in IBM Smarter Workforce solution?
The science behind Smarter Workforce is to drive measurable business outcomes by integrating talent, culture and work. Under this solution, a major emphasis is towards nurturing and engaging the right talent across the talent life-cycle:
- Talent Acquisition: Attracting & acquiring the right candidates for the right role by applying solutions across Employer Branding, Assessment Methods, Applicant Tracking Systems and Social On-boarding Solutions
- Talent Leadership and Engagement: Connecting the power of a highly engaged and fully enabled workforce with leaders aligned to critical roles through leadership assessments and employee engagement solutions
- Talent optimisation: Rapidly developing, deploying and optimising workforce skills and capabilities, while capitalising on an inter-connected social and collaborative workforce through solutions like Enterprise Social Software, Performance Management & Succession Planning
- Talent Recognition and Rewards Optimising the way employees are recognised and rewarded, thus driving engagement
- Talent Analytics: Capabilities for developing speed in talent decision making systems by applying descriptive, predictive, prescriptive & cognitive analytics solutions
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9 Things never to tell your hubby
9 Things never to tell your hubby
9 things you should never say to your hubby (Thinkstock photos/Getty images)
Do you fake an orgasm when you actually didn't? Or find faults with the your husband's way of handling the kids, or pester him to find a new job? You may not realize it, but by saying so, you are making irreparable damages to your relationship.
Following is a list of nine statements compiled by Judy Ford, psychotherapist and author of 'Every Day Love' that you should never utter to your significant other, reports the Mother Nature Network.
First comes: "Yes, I had an orgasm."
Another statement that is a strict no-no is "You're just like your father." It's nasty and belittling, says Ford.
The third forbidden statement is actually very common: "When are you going to find a new job?"
The fourth hurtful statement is: "My mother warned me you'd do this!"
The fifth line, which is never a good idea to say, is "Just leave it — I'll do it myself!" Just because he's doing something differently than you would doesn't mean that he's doing it wrong.
The sixth statement, which can be heart breaking, is "You always... [fill in the blank]" or "You never... [fill in the blank]"
Then seventh statement that can be a serious blow is "Do you really think those pants are flattering?"
Saying so, you're insulting his looks without showing any genuine concern for his health, according to Ford.
Then eighth harsh statement is "Ugh, we're hanging out with him again?, which is an insult to your man's choice of friends.
The last but not the least is "Please watch the kids. But don't do this, take them here or forget that..." Let Dad-be-dad
.
9 things you should never say to your hubby (Thinkstock photos/Getty images)
Do you fake an orgasm when you actually didn't? Or find faults with the your husband's way of handling the kids, or pester him to find a new job? You may not realize it, but by saying so, you are making irreparable damages to your relationship.
Following is a list of nine statements compiled by Judy Ford, psychotherapist and author of 'Every Day Love' that you should never utter to your significant other, reports the Mother Nature Network.
First comes: "Yes, I had an orgasm."
Another statement that is a strict no-no is "You're just like your father." It's nasty and belittling, says Ford.
The third forbidden statement is actually very common: "When are you going to find a new job?"
The fourth hurtful statement is: "My mother warned me you'd do this!"
The fifth line, which is never a good idea to say, is "Just leave it — I'll do it myself!" Just because he's doing something differently than you would doesn't mean that he's doing it wrong.
The sixth statement, which can be heart breaking, is "You always... [fill in the blank]" or "You never... [fill in the blank]"
Then seventh statement that can be a serious blow is "Do you really think those pants are flattering?"
Saying so, you're insulting his looks without showing any genuine concern for his health, according to Ford.
Then eighth harsh statement is "Ugh, we're hanging out with him again?, which is an insult to your man's choice of friends.
The last but not the least is "Please watch the kids. But don't do this, take them here or forget that..." Let Dad-be-dad
.
.
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Nintendo launching 'amiibo' with 12 characters
Nintendo launching 'amiibo' with 12 characters
Nintendo to release toy-game franchise, amiibo, with 12 characters, costing each $12.99 and will work in tandem with other Japanese gaming giant's upcoming titles.
LOS ANGELES: Pikachu and Link will be among the first characters coming to "amiibo."
Nintendo announced that 12 characters will initially be part of its upcoming toy-game franchise set for release later this year. In addition to the "Pokemon" and "Legend of Zelda" leading men, the starting line-up will include Mario, Princess Peach, Yoshi, Donkey Kong, Samus Aran, Kirby, Fox McCloud, Marth, the "Wii Fit" Trainer and the Villager from "Animal Crossing."
The figures in the "amiibo" toy-game line will each cost $12.99 and work in tandem with several of the Japanese gaming giant's upcoming titles, beginning with "Super Smash Bros."
"We wanted to make sure that the breadth of characters we had for the initial `amiibo' line-up supported the fan favourites, as well as showcase the variety of people Nintendo speaks to — from kids to adults," Nintendo of America President Reggie Fils-Aime said in an interview. "For example, you've got a character like Marth from the `Fire Emblem' series. We thought exposing Marth to a wider collection of consumers through `amiibo' made a ton of sense, but, of course, we had to have Mario, Princess Peach and Donkey Kong in that initial line-up, as well."
Similar to Activision's "Skylanders" and "Disney Infinity," the characters' virtual histories will be stored on the plastic figures and transmitted through the Wii U GamePad, the controller for the Wii U console that features a touchscreen and near field communication (NFC) capabilities. Unlike the Activision Blizzard and Walt Disney franchises, the "amiibo" figures will work with several games from different genres and won't be required to play the games.
"Our vision is to have these `amiibo' figures be your playable friends that allow you to enhance the overall experience," said Fils-Aime. "It's a different approach from Activision and Disney, which is more to unlock something in the game. You're going to want to have your `amiibo' figure because it's going to allow you to enhance your skills, upgrade your character and take the experience over to a friend's house."
Nintendo first unveiled "amiibo" at the Electronic Entertainment Expo in June. The company plans to release more figures over the next year and include "amiibo" functionality in future games, as well as compatibility with its handheld Nintendo 3DS system.
The Kyoto, Japan-based company is hoping the figurines will help boost its bottom line and sales of its beleaguered Wii U console, which has been on the rise since the May release of "Mario Kart 8." Despite the success of the latest installment in the cartoony Nintendo racing series, Wii U sales still trail behind the PlayStation 4 and Xbox One consoles from rivals Sony and Microsoft.
"Call of Duty" and "Assassin's Creed" publishers Activision and Ubisoft Entertainment recently said they wouldn't bring the new installments of those popular series to the Wii U later this year.
"In the end, I want the very best of every single publisher's content on our platform," said Fils-Aime. "We believe we'll get there as we grow the install base of the system. Make no mistake: The consumer knows they can get high-quality games on the Wii U console. That's why our business is up almost double over last year."
Nintendo will be showing off upcoming games like "Super Smash Bros.," "Hyrule Warriors" and "Captain Toad: Treasure Tracker" at PAX Prime, a four-day celebration of gaming that kicks off on Friday in Seattle
.
Nintendo to release toy-game franchise, amiibo, with 12 characters, costing each $12.99 and will work in tandem with other Japanese gaming giant's upcoming titles.
LOS ANGELES: Pikachu and Link will be among the first characters coming to "amiibo."
Nintendo announced that 12 characters will initially be part of its upcoming toy-game franchise set for release later this year. In addition to the "Pokemon" and "Legend of Zelda" leading men, the starting line-up will include Mario, Princess Peach, Yoshi, Donkey Kong, Samus Aran, Kirby, Fox McCloud, Marth, the "Wii Fit" Trainer and the Villager from "Animal Crossing."
The figures in the "amiibo" toy-game line will each cost $12.99 and work in tandem with several of the Japanese gaming giant's upcoming titles, beginning with "Super Smash Bros."
"We wanted to make sure that the breadth of characters we had for the initial `amiibo' line-up supported the fan favourites, as well as showcase the variety of people Nintendo speaks to — from kids to adults," Nintendo of America President Reggie Fils-Aime said in an interview. "For example, you've got a character like Marth from the `Fire Emblem' series. We thought exposing Marth to a wider collection of consumers through `amiibo' made a ton of sense, but, of course, we had to have Mario, Princess Peach and Donkey Kong in that initial line-up, as well."
Similar to Activision's "Skylanders" and "Disney Infinity," the characters' virtual histories will be stored on the plastic figures and transmitted through the Wii U GamePad, the controller for the Wii U console that features a touchscreen and near field communication (NFC) capabilities. Unlike the Activision Blizzard and Walt Disney franchises, the "amiibo" figures will work with several games from different genres and won't be required to play the games.
"Our vision is to have these `amiibo' figures be your playable friends that allow you to enhance the overall experience," said Fils-Aime. "It's a different approach from Activision and Disney, which is more to unlock something in the game. You're going to want to have your `amiibo' figure because it's going to allow you to enhance your skills, upgrade your character and take the experience over to a friend's house."
Nintendo first unveiled "amiibo" at the Electronic Entertainment Expo in June. The company plans to release more figures over the next year and include "amiibo" functionality in future games, as well as compatibility with its handheld Nintendo 3DS system.
The Kyoto, Japan-based company is hoping the figurines will help boost its bottom line and sales of its beleaguered Wii U console, which has been on the rise since the May release of "Mario Kart 8." Despite the success of the latest installment in the cartoony Nintendo racing series, Wii U sales still trail behind the PlayStation 4 and Xbox One consoles from rivals Sony and Microsoft.
"Call of Duty" and "Assassin's Creed" publishers Activision and Ubisoft Entertainment recently said they wouldn't bring the new installments of those popular series to the Wii U later this year.
"In the end, I want the very best of every single publisher's content on our platform," said Fils-Aime. "We believe we'll get there as we grow the install base of the system. Make no mistake: The consumer knows they can get high-quality games on the Wii U console. That's why our business is up almost double over last year."
Nintendo will be showing off upcoming games like "Super Smash Bros.," "Hyrule Warriors" and "Captain Toad: Treasure Tracker" at PAX Prime, a four-day celebration of gaming that kicks off on Friday in Seattle
.
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Lava Iris X5 with 5MP front-camera launched at Rs 8,649
Lava Iris X5 with 5MP front-camera launched at Rs 8,649
The phone sports a 5MP BSI+ auto focus front camera with LED flash for low-light selfies.
NEW DELHI: Domestic handset maker, Lava International, has launched a new selfie-focused smartphone, Iris X5 at Rs 8,799. Successor to Lava Iris X1, the new handset will be available for sale across all physical retail stores and multi-brand outlets across India. It will be exclusively available on Amazon.in bundled with a free 16GB memory card starting September 1 at Rs 8,649.
Iris X5 will be initially available in grey and subsequently in white and black colour variants, in the coming weeks. The phone comes with an intelligent flip cover powered by hall sensor that puts the phone automatically in sleep mode for reduced battery consumption.
Lava Iris X5 sports a 5-inch HD (720x1280p) IPS Full Lamination LCM display. The phone is powered by a 1.2GHz quad-core processor (unspecified chipset) and 1GB RAM, and comes with 8GB internal storage in addition to a microSD card slot that supports cards of up to 32GB.
Iris X5 runs Android 4.4 KitKat, the latest version of the OS.
The phone sports a 5MP BSI+ auto focus front camera with LED flash for low-light selfies and a wide-viewing angle shot which allows users to capture pictures up to 84degree with the front camera. The phone has an 8MP auto-focus rear camera with BSI2 sensor.
In terms of connectivity, the dual-sim phone supports 3G connectivity, Wi-fi, Bluetooth 3.0 and USB OTG. It has a dual microphone for active noise cancellation. The phone has a 2100mAh battery.
Speaking about the new launch, Hari Om Rai, chairman and managing director, Lava International said "At Lava, we are constantly channelizing our energies to develop innovative products that cater to various set of consumers at attractive prices. With the enthralling response that we got from users for X1 we decided to come up with another unique offering for our consumers. Iris X5 is a high quality camera smartphone with a best in class front camera that aptly suits the needs of the selfie crazy generation. Through our latest device, we aim to further build a strong portfolio of mid-range smartphones in the X series and deliver on our mission of empowering people to do more and be more."
Iris X5 will be initially available in grey and subsequently in white and black colour variants, in the coming weeks. The phone comes with an intelligent flip cover powered by hall sensor that puts the phone automatically in sleep mode for reduced battery consumption.
Lava Iris X5 sports a 5-inch HD (720x1280p) IPS Full Lamination LCM display. The phone is powered by a 1.2GHz quad-core processor (unspecified chipset) and 1GB RAM, and comes with 8GB internal storage in addition to a microSD card slot that supports cards of up to 32GB.
Iris X5 runs Android 4.4 KitKat, the latest version of the OS.
The phone sports a 5MP BSI+ auto focus front camera with LED flash for low-light selfies and a wide-viewing angle shot which allows users to capture pictures up to 84degree with the front camera. The phone has an 8MP auto-focus rear camera with BSI2 sensor.
In terms of connectivity, the dual-sim phone supports 3G connectivity, Wi-fi, Bluetooth 3.0 and USB OTG. It has a dual microphone for active noise cancellation. The phone has a 2100mAh battery.
Speaking about the new launch, Hari Om Rai, chairman and managing director, Lava International said "At Lava, we are constantly channelizing our energies to develop innovative products that cater to various set of consumers at attractive prices. With the enthralling response that we got from users for X1 we decided to come up with another unique offering for our consumers. Iris X5 is a high quality camera smartphone with a best in class front camera that aptly suits the needs of the selfie crazy generation. Through our latest device, we aim to further build a strong portfolio of mid-range smartphones in the X series and deliver on our mission of empowering people to do more and be more."
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Mark Zuckerberg is making a huge move to threaten Google's search business
Mark Zuckerberg is making a huge move to threaten Google's search business
Facebook is dabbling with letting members using smartphones or tablets search for past posts of friends.
SAN FRANCISCO: Facebook on Friday said it is dabbling with letting members using smartphones or tablets search for past posts of friends at the leading online social network.
Facebook is testing using keywords to find old posts, the California-based company said in an email response to an AFP inquiry.
Search results remain true to sharing settings used when posts were made, meaning people are only shown content they are permitted to see, according to Facebook.
Facebook early last year launched Graph Search that helps members using desktop computers or laptops better navigate the vast amount of information at the social network, which is not available on search engines such as Google.
The feature was introduced as a work-in-progress and has yet to spread to all of the social networks 1.3 billion users.
Facebook emphasized that Graph Search is focused on information archived within the network and not designed to compete with the kinds of general online queries tackled by Google.
Facebook uses Microsoft's Bing search engine to scour content in Facebook
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Wipro gains entry into Bank of America's IT vendor league
Wipro gains entry into Bank of America's IT vendor league
Among its peers, Wipro has the lowest revenues (as a proportion of total revenues) coming from the banking, financial services and insurance (BFSI) vertical — it’s 27% compared to TCS and Cognizant’s 42%.
BANGALORE: TCS, Cognizant and Infosys have been major vendors to Bank of America (BofA), one of the world's biggest IT outsourcers. Now, the trio will have to contend with Wipro too. The Azim Premji-promoted company has become an empanelled IT vendor to compete for BofA's future requests for proposal (RFPs), sources with knowledge of the development said.
Among its peers, Wipro has the lowest revenues (as a proportion of total revenues) coming from the banking, financial services and insurance (BFSI) vertical — it's 27% compared to TCS and Cognizant's 42%. Among all verticals, BFSI is the biggest IT outsourcer.
Wipro is seen to be now trying to expand its BFSI exposure. It won a $500-million IT deal from Citibank last year, and now will compete for BofA deals. The $89-billion BofA is the second largest bank holding company in the US by assets. Its 2008 acquisition of Merrill Lynch made it the world's largest wealth management corporation and a major player in the investment banking market.
"Clearly, this (Wipro's entry) will contribute to increased pricing pressure for incumbents such as Infosys. BofA, like other large banks, is looking to drive further cost savings out of its global services portfolio," Peter Bendor-Samuel, CEO of US-based research firm Everest Group, said. Multiple sources told TOI that Wipro's hunting team has been tirelessly pursuing the marquee US bank for the last 20-odd months.
"We have been watching Wipro's moves and can identify three components of its Bank of America Merrill Lynch (BAML) strategy," said Pareekh Jain, principal analyst in US-based research firm HfS Research. The first component, he said, is hiring BAML-experienced talent from competitors at all levels. Wipro hired Shaji Farooq from Infosys in 2012. Farooq was the head of financial services for Americas in Infosys and was also the leader of the BAML account team. Balaji Yellavalli, who was head of client servicing for US financial services and insurance with Infosys, joined Wipro in April as the global head of industry consulting and large deals for banking, capital markets and insurance.
Jain said the second component of the strategy was to enhance its BFSI capabilities. "Over the last two-year period, Wipro acquired Opus (a platform-based mortgage solutions provider), and invested in Opera Solutions (a data analytics firm in BFSI), and partnered with SOA Software. Some of these companies were already working for Bank of America," he said. The third component is aggressive communication of Wipro's capabilities in BFSI.
When TOI spoke to Wipro BFSI head Shaji Farooq on whether it was competing for BofA contracts, he said, "I can't comment on customer-specific things. I don't think it's even true." Farooq said they are constantly looking to expand the customer base in areas where they don't have a presence.
A BofA spokesperson denied Wipro had been accorded a 'preferred vendor' status, but said any vendor could bid for its projects. BofA has several IT services vendors. Last year, it signed a 12-year, $1.4-billion deal with GardaWorld, a global risk management and security services company to manage its cash processing and check imaging services.
Among its peers, Wipro has the lowest revenues (as a proportion of total revenues) coming from the banking, financial services and insurance (BFSI) vertical — it’s 27% compared to TCS and Cognizant’s 42%.
BANGALORE: TCS, Cognizant and Infosys have been major vendors to Bank of America (BofA), one of the world's biggest IT outsourcers. Now, the trio will have to contend with Wipro too. The Azim Premji-promoted company has become an empanelled IT vendor to compete for BofA's future requests for proposal (RFPs), sources with knowledge of the development said.
Among its peers, Wipro has the lowest revenues (as a proportion of total revenues) coming from the banking, financial services and insurance (BFSI) vertical — it's 27% compared to TCS and Cognizant's 42%. Among all verticals, BFSI is the biggest IT outsourcer.
Wipro is seen to be now trying to expand its BFSI exposure. It won a $500-million IT deal from Citibank last year, and now will compete for BofA deals. The $89-billion BofA is the second largest bank holding company in the US by assets. Its 2008 acquisition of Merrill Lynch made it the world's largest wealth management corporation and a major player in the investment banking market.
"Clearly, this (Wipro's entry) will contribute to increased pricing pressure for incumbents such as Infosys. BofA, like other large banks, is looking to drive further cost savings out of its global services portfolio," Peter Bendor-Samuel, CEO of US-based research firm Everest Group, said. Multiple sources told TOI that Wipro's hunting team has been tirelessly pursuing the marquee US bank for the last 20-odd months.
"We have been watching Wipro's moves and can identify three components of its Bank of America Merrill Lynch (BAML) strategy," said Pareekh Jain, principal analyst in US-based research firm HfS Research. The first component, he said, is hiring BAML-experienced talent from competitors at all levels. Wipro hired Shaji Farooq from Infosys in 2012. Farooq was the head of financial services for Americas in Infosys and was also the leader of the BAML account team. Balaji Yellavalli, who was head of client servicing for US financial services and insurance with Infosys, joined Wipro in April as the global head of industry consulting and large deals for banking, capital markets and insurance.
Jain said the second component of the strategy was to enhance its BFSI capabilities. "Over the last two-year period, Wipro acquired Opus (a platform-based mortgage solutions provider), and invested in Opera Solutions (a data analytics firm in BFSI), and partnered with SOA Software. Some of these companies were already working for Bank of America," he said. The third component is aggressive communication of Wipro's capabilities in BFSI.
When TOI spoke to Wipro BFSI head Shaji Farooq on whether it was competing for BofA contracts, he said, "I can't comment on customer-specific things. I don't think it's even true." Farooq said they are constantly looking to expand the customer base in areas where they don't have a presence.
A BofA spokesperson denied Wipro had been accorded a 'preferred vendor' status, but said any vendor could bid for its projects. BofA has several IT services vendors. Last year, it signed a 12-year, $1.4-billion deal with GardaWorld, a global risk management and security services company to manage its cash processing and check imaging services.
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Nokia Lumia 730 and 735 appear in leaked photos
Nokia Lumia 730 and 735 appear in leaked photos
The photos appeared on Chinese site Baidu Tieba with watermarks claiming that they show not just the Lumia 730, but also a new Lumia 735 variant.
We're anticipating that Microsoft will debut both the Nokia Lumia 730 and the Nokia Lumia 830 at IFA 2014 this September, and the latest photo leak has provided some new clues regarding one of these devices.
The photos appeared on Chinese site Baidu Tieba with watermarks claiming that they show not just the Lumia 730, but also a new Lumia 735 variant.
The Lumia 735 is reportedly the version with 4G LTE, while the 730 has dual-SIM 3G capabilities.
They appear here in black and white, though the release versions will likely come in more colours.
Middle of the road As a successor to the Nokia Lumia 720, the Lumia 730 and 735 should fall in the mid-range of Microsoft's Windows Phone 8 handsets this generation.
As Windows Phone Central points out, these photos make it look basically like a mix between the Lumia 720 and the Lumia 800/900 series in terms of design.
The Lumia 730 is rumored to carry a 4.7-inch HD ClearBlack display, a quad-core Snapdragon chip, 1GB of memory, 6.7- and 5-megapixel cameras, and 8GB of storage with microSD support - and unlike other Lumia devices, no dedicated hard camera button.
Not the greatest specs, but that's why the term "mid-range" exists
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OnePlus wants to price the 64GB One under Rs 25,000 in India
OnePlus wants to price the 64GB One under Rs 25,000 in India
The company wants to replicate its global sales model in India and price the 64GB version of the phone under Rs 25,000.
NEW DELHI: OnePlus, the China-headquartered startup behind the much talked about, 'flagship-killer,' One smartphone, wants to sell the 64GB variant of the phone at under Rs 25,000, when it launches in India in the coming months.
OnePlus One sports top-of-the-line hardware specifications including a 2.5GHz Qualcomm Snapdragon 801 processor, 3GB RAM, a 5.5-inch 1080P display, 13MP camera with F2.0 aperture and Sony image sensor, 5MP front camera, 3100mAh battery, 4G-support and NFC. The 64GB version of the phone sells at $350 in the US. The company is able to achieve this pricing by cutting distribution and marketing costs. Currently, it earns little or no money from the hardware but it aims to change that as volumes grow.
Carl Pei, director, OnePlus global, said that the company decided to explore the Indian market after seeing a high degree of interest from customers in India which was not among the company's launch markets. "The interest not only reflects in terms of traffic to the OnePlus website but also in billing addresses of people buying the phone. Indian customers use trans-shipment services to get their hands on the phone but the billing address is in India," he said.
The company wants to replicate its global sales model in India and price the 64GB version of the phone under Rs 25,000. It is also introspecting whether it should launch the 16GB version of the phone in India.
OnePlus is currently looking for a general manager to lead its Indian operations and is also in talks with leading online retailers for an exclusive partnership to make the OnePlus available in the Indian market.
it would be the first time that the company will launch operations with a local team, as it feels that India is a sufficiently big and different market. After sales service would be a major focus area for OnePlus in India and the company wants to make sure it covers all bases before going ahead with a final launch.
"It's really hard for us to give an exact time frame for the launch. It's more important for us to do things right than doing it quick. We're going to take the market and not leave it in the middle. Indian consumers value customers service support more than others and we want to make sure we get everything in place before announcing the launch," Pei reiterated.

At the moment, OnePlus has an invite-only system in place for buying the phone. Existing buyers can share invites with their friends while new ones can request for the invite via the OnePlus website or buy participating in contests and give-aways. Pei informed that the company will continue with invite-only system even as it plans to introduce pre-orders after October. Potential customers will then have an option to preorder the phone and wait in queue or get an invite and cut the queue. He clarified that OnePlus does not plan to do away with the invite-only system, as reported by some online publications.
OnePlus has also setup its own software team although it will continue to work with Cyanogen. The company currently offers OnePlus One in CyanogenMod and Color OS software flavours (both based on Android). The Color OS variant is sold in China due to its support for Chinese input and customization options. It's likely that the OnePlus Two, which is set to arrive in the second quarter of 2015, will run the company's own flavourr of Android.
OnePlus is currently focusing only on high-end smartphones and does not intend to explore other smart device segments at least for another year.
OnePlus One sports top-of-the-line hardware specifications including a 2.5GHz Qualcomm Snapdragon 801 processor, 3GB RAM, a 5.5-inch 1080P display, 13MP camera with F2.0 aperture and Sony image sensor, 5MP front camera, 3100mAh battery, 4G-support and NFC. The 64GB version of the phone sells at $350 in the US. The company is able to achieve this pricing by cutting distribution and marketing costs. Currently, it earns little or no money from the hardware but it aims to change that as volumes grow.
Carl Pei, director, OnePlus global, said that the company decided to explore the Indian market after seeing a high degree of interest from customers in India which was not among the company's launch markets. "The interest not only reflects in terms of traffic to the OnePlus website but also in billing addresses of people buying the phone. Indian customers use trans-shipment services to get their hands on the phone but the billing address is in India," he said.
The company wants to replicate its global sales model in India and price the 64GB version of the phone under Rs 25,000. It is also introspecting whether it should launch the 16GB version of the phone in India.
OnePlus is currently looking for a general manager to lead its Indian operations and is also in talks with leading online retailers for an exclusive partnership to make the OnePlus available in the Indian market.
it would be the first time that the company will launch operations with a local team, as it feels that India is a sufficiently big and different market. After sales service would be a major focus area for OnePlus in India and the company wants to make sure it covers all bases before going ahead with a final launch.
"It's really hard for us to give an exact time frame for the launch. It's more important for us to do things right than doing it quick. We're going to take the market and not leave it in the middle. Indian consumers value customers service support more than others and we want to make sure we get everything in place before announcing the launch," Pei reiterated.
At the moment, OnePlus has an invite-only system in place for buying the phone. Existing buyers can share invites with their friends while new ones can request for the invite via the OnePlus website or buy participating in contests and give-aways. Pei informed that the company will continue with invite-only system even as it plans to introduce pre-orders after October. Potential customers will then have an option to preorder the phone and wait in queue or get an invite and cut the queue. He clarified that OnePlus does not plan to do away with the invite-only system, as reported by some online publications.
OnePlus has also setup its own software team although it will continue to work with Cyanogen. The company currently offers OnePlus One in CyanogenMod and Color OS software flavours (both based on Android). The Color OS variant is sold in China due to its support for Chinese input and customization options. It's likely that the OnePlus Two, which is set to arrive in the second quarter of 2015, will run the company's own flavourr of Android.
OnePlus is currently focusing only on high-end smartphones and does not intend to explore other smart device segments at least for another year.
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