When I wrote Vision India 2020 back in 2009, one of the projects I had developed for the book was called Care. The premise of the project was that the number of millionaires are increasing in India by leaps and bounds. At the same time, many of these families have need for in-home caregivers to take care of their ill, mentally-ill, or elderly family-members. Care would provide trained in-home caregivers in domains such as Alzheimer’s. And Care would source its staff from among women in disadvantaged situations – battered, abused, abandoned women who needed safe, secure family situations to be part of. [Related reading: High-Quality Eldercare For Families In India]
The project was designed to scale to very large numbers, become a billion dollar enterprise.
I took another look at that project with the lens of developing small, bootstrapped businesses, and found the idea to be quite amenable.
Five years ago, Netflix (Nasdaq: NFLX) announced plans to increase its subscription cost and the announcement had backfired. The stock tanked, subscribers fled and the company had to recall its decision. For the last two years now, the company has been gradually increasing its prices again. New subscribers are being added at a higher cost subscription and grandfathered rates are finally going away. But the market is still not happy.
The online lending industry is going through rapid changes with the advent of big data and machine learning in processing loan applications. Krishna discusses OnDeck’s workings.
Sramana Mitra: Let’s start with talking a bit about yourself in setting some context, and also introduce our audience to what OnDeck is doing in the realm of Big Data.
Krishna Venkatraman: Let me tell you a bit about myself. I joined OnDeck in October of 2013 as the leader for the data analytics organisation. I hadn’t really heard of OnDeck until I first talked to them. I found their value proposition fascinating. There was this huge unmet need among small businesses when they were looking for capital. >>>
According to Gartner, the worldwide video game market, which includes video game console hardware and software, online, mobile and PC games, is projected to reach $128 billion by 2017. US video game companies recorded revenues of $23.5 billion in 2015 with software sales increasing 7% to $16.5 billion. Unity Technologies is the most recent entry to the Billion Dollar Unicorn Club from this market. >>>
Leo Taddeo: Our approach is that it’s very difficult to protect user credentials, and so the philosophy behind the software-defined perimeter is not only to do a very robust authentication of the user through attributes on the machine and other verifiable attributes, but also to prevent that user from going beyond the resources that they have legitimate access to. That, in effect, prevents critical stages of every attack that we’ve seen in the last 10 years. The attacker needs to move from an unprotected part of the network into a more sensitive part of the network. >>>
According to ZenithOptimedia, the global ad expenditure will reach $579 billion by the end of 2016. Internet advertising is one of the fastest growing advertising media: it has risen from 6% share in 2005 to 29.5% share in 2015 and is expected to attract 37.6% of global ad spend by 2018. This comes at the expense of print media. Newspapers’ share of global spend has fallen from 29% to 13%, while magazines’ has fallen from 13% to 6% and by 2018 newspapers and magazines are expected to end with 10% and 5% market share, respectively. >>>
Entrepreneurs are invited to the 314th FREE online 1M/1M roundtable mentoring session on Thursday, July 21, 2016, at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea to Sramana Mitra. You’ll gain straightforward feedback, advice on next steps, and she’ll answer any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
This discussion starts with perimeter security, and expands into a broader study of CISO priorities.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as to Cryptzone.
Leo Taddeo: I’m the Chief Security Officer of Cryptzone. Cryptzone is a technology company providing security software to small and large enterprises and a number of organisations in between from financials to manufacturers. We provide security software in the form of an enterprise gateway called AppGate and two other data loss prevention products: Security Sheriff and Compliance Sheriff. >>>