June 25, 2022

test your business creativity with Edition 41 of our quiz!

Lateral Sparks, the weekly quiz from YourStory, exams your area information, enterprise acumen, and lateral pondering skills (see the previous edition right here). In this 41st edition of the quiz, we existing problems tackled by serious-lifestyle business owners in their startup journeys.

What would you do if you ended up in their sneakers? At the conclusion of the quiz, you will come across out what the business owners and innovators by themselves actually did. Would you do things in different ways?

Check out out YourStory’s E-book Assessment portion as perfectly, with takeaways from about 340 titles on creativity and entrepreneurship, and our weekend PhotoSparks segment on creativity in the arts.

Q1: The inexperienced tech opportunity

‘Green Tech’ refers to the use of science and know-how to minimise the damaging human impact on the ecosystem. But it also opens up a broader variety of chances. What is the broader scope of green tech?

Q2: Value of character

Consciousness about local weather modify has greater, but extra concrete action is desired to reverse worldwide warming and slash down on squander and air pollution. But nature is a great deal additional than anything that has to be safeguarded – in what methods is mother nature also a resource of innovation?

Q3: The creator financial system

The extensive proliferation of social media and digital units has spawned the ‘creator economic system,’ in domains ranging from tunes and artwork to comedy and cuisine. Having said that, not all creators are adept at on the net group engagement and constructing feasible organization styles. How can this concern be tackled?

Q4: The info growth

Facts is the new oil (or gold), and a wealth of data alongside with intelligent tools can produce precious analytical and predictive insights. Skillsets in Big Data analytics, AI, ML and visualisation support listed here. But what is an additional essential capacity to have in this data economic system?

Q5: Consumer engagement

A prosperity of equipment is offered currently for brand name professionals to program, deploy, assess, and refine marketing and promoting strategies. Some of them have serious-time capabilities as perfectly, with prescriptive insights. But how can models go further than a marketing campaign-centric view of consumer engagement?

Responses!

Congratulations on having appear this considerably! But there is far more to arrive – responses to these five questions (underneath), as very well as links to article content with much more specifics on the entrepreneurs’ methods. Delighted examining, pleased studying – and satisfied generating!

A1: The inexperienced tech prospect

“The primary intent of inexperienced technology is to enrich investment decision in purely natural infrastructure, advertise renewable strength, minimise non-recyclable waste, and safeguard the world’s ecosystems,” points out Amit Singh, Founder and CEO of TelioLabs, a deeptech corporation with offerings in EV, solar, and telecom.

‘Green tech’ also encourages means to assemble knowledge on plant ecosystems and animal behaviour, he provides. Know-how can be used to research and secure wild animals.

“These efforts are put together to make men and women informed and awakened to meet conservation of wildlife and forest wants,” Amit states. Read more about environmentally friendly tech dynamics right here.

A2: Importance of mother nature

“Biomimicry solution has assisted industries and organizations construct innovations that are not only sustainable but also rewarding, while mitigating chance and lessening costs,” according to Seema Anand and Prashant Dhawan, Founders of Biomimicry India.

Biomimicry aims to emulate nature to innovate remedies for human beings. Examples incorporate wind turbines motivated by whale fins, photo voltaic panels impressed by butterfly wings, and educate style and design encouraged by the elongated beak of the kingfisher. Read through additional below about how Biomimicry India has conducted workshops across engineering faculties, organization universities, design and style faculties, K-12 schooling, and corporates.

A3: The creator overall economy

“Creators want to cultivate deep reliable interactions with their followers,” points out Saurabh Pandey, Co-founder and CEO, Eloelo. The live movie streaming system promises to have 3.5 million end users and 40,000 creators on its system, and helps creator-admirer engagement via video clip rooms, interactive communities, and monetisation.

“There is an whole era of initial-time net people who are now equipped to develop a direct channel to their supporters to promote their unique items and offerings,” provides Vani Kola, MD, Kalaari Cash, an investor in Eloelo. Go through additional about creator-fan engagement below.

A4: The data increase

“With info continuing to improve in quantity and complexity, the skills to take care of, safeguard and transfer it all over in hybrid and multi-cloud environments, will turn out to be even much more in need,” clarifies CN Ashwath Narayan, Minister for IT & BT, Federal government of Karnataka. Bengaluru is the location for the new R&D centre of California-based IT business Pure Storage.

The hub will further more foster info management abilities in India, in accordance to Ajay Singh, Chief Item Officer, Pure Storage. Additional than 10 % of the worldwide talent pool of facts management experts and extra than a quarter of Asia Pacific is in India, according to Zinnov. Examine more about data’s cloud atmosphere below.

A5: Purchaser engagement

“Consumer manufacturers today are moving over and above campaign-centric equipment and are adopting an insights-led multi-channel technique to buyer engagement,” clarifies Raviteja Dodda, Co-founder and CEO of MoEngage.

The AI-first system aids organizations retain customers and give insights on user journeys across channels.

“It can help corporations engage and keep around 1 billion customers on the platform globally,” provides Kabir Narang, Founding Normal Husband or wife at B Cash Group, an trader in the corporation. Study far more about cross-channel engagement insights right here.

YourStory has also posted the pocketbook ‘Proverbs and Quotes for Business owners: A Environment of Inspiration for Startups’ as a imaginative and motivational tutorial for innovators (downloadable as applications right here: Apple, Android).

Edited by Teja Lele Desai