Reshared: I wish to celebrate the power of the Research and Development teams at Intellect this quarter. 2 million person-hours of sustained investments annually and 16 million person-hours during the last 8 years in R&D have catapulted the company from Product to Technology company. eMACH.ai, with its 5 built-in technologies, drives holistic and agile transformation at double the speed and half the costs.
Turmeric Technology is first-of-its-kind Composable platform (No code), choreographing Events, Microservices, APIs, Business Rules, UX and Generative AI seamlessly to deliver high performance with inbuilt ease to use. Fabric Technology brings in enterprise decision-grade knowledge from Structured and Unstructured Data. Intellect’s ‘Platform First’ strategy in building technology is powering unparalleled efficiencies in Insurance, Wealth, Retail, Risk and Corporate. Extremely high point in building commercial IPs.
On the 25th of July, I had the pleasure and privilege of having dinner with Mr Ibrahim Thiaw – Under Secretary General of the UN Convention to Combat Desertification
In a very personal, affable and friendly manner, the Under Secretary General was keen to learn about the best practices happening in India to combat this global crisis. Very quickly, he focused on the term desertification – its origin, its definition, the causes , the consequences and potential solutions to redress this burning issue.
As I understood from him, the UNCCD is the global voice for land. It promotes practices that avoid, reduce and reverse land degradation and is the driving force behind Sustainable Development Goal 15 and Land Degradation Neutrality.
The design thinking driven approach towards Holistic and Sustainable development of the rural communities where Mission Samriddhi is working was wholeheartedly appreciated and endorsed by His Excellency.
He was quite poignant about the constraints and pressures on food production and supply lines due to the rapid increase in consumption patterns on account of a huge middle class in India and China. Industrialized agriculture with excessive usage of chemical fertilizers, indiscriminate water usage and its misuse and climate change have all resulted in soil and land degradation. Newer ways to farm including natural zero tillage farming, a focus on biodiversity and a conscious attempt for behavioral change towards sustainable living was his key message.
Interestingly, he felt that more than Governments and policies – if Businesses adopted Sustainability practices wholeheartedly and people in the street speak about it and do something about it, the impact on society would be far more effective with a faster rate of reversal of desertification. The plethora of knowledge and insights on soil conservation and agroecology that is rapidly re-emerging in India – he felt must be shared in a structured manner with the rest of the world.
In the end, I was quite humbled when he compared with Andre Hoffmann ( Swiss Environmentalist, Philanthropist and Vice Chairman of Roche) in the way our thought processes are similar and was keen that I participate in next year’s World Economic Forum. Thank You Mr. Ibrahim.
The middle floor of the tower rotates to give 360 degree view. Obviously entire floor with few hundred people has weight of over 125 Tons. This floor rotates with just 1.5 Horse Power(HP) motor. The home mixer has motor of 1.0 HP to 2.0 HP.
What a High Performance Design more than 60 years ago!!!
iRUN 2023 – Where Dreams and Determination Met the Finish Line
In the realm of running, the race isn’t about whether you lead, follow, or come in last. It’s about proudly proclaiming, “I crossed that finish line.” This sentiment struck a chord with us at Intellect. It was the inspiration behind the iRUN event, a unique double marathon spanning 5 km and 10 km. This special event was the heart of Intellect Fest 2023, a spectacle that unfolded on a bright Saturday morning, August 5th.
This year’s iRUN carved its place in history, with an astounding 580 registrations by the Associates embracing the challenge. These numbers stand as a testament to our unity and determination, far surpassing the modest participation of previous iRUNs, where we rarely exceeded 300 participants.
Our associates were invited to share the marathon spirit with their beloved family members. As we pursued our physical goals together, each person chose their marathon distance, either 5 km or 10 km, reflecting the diversity of our shared vision, One Dream, One Intellect. This embodies our strategic philosophy of collaboration and a united purpose.
The rhythm of this grand event echoed beyond borders. For the first time, iRUN’s magic reached the heart of Hyderabad, where over 100 enthusiasts joined the journey. Mumbai also received over 200 registrations unfortunately the event could not happen due to heavy rain.
In Chennai, our event unfolded as a tapestry woven with threads of unity. Spouses, Children, and even those with mobility challenges joyfully took part in the marathon. The 10 km race showcased the incredible skills of Mythili Periyasamy, securing the top spot for the second consecutive year. A talented footballer, she conquered the distance in just one hour, one minute, and thirty seconds and Valarmathi secured the second position. Hariharan accomplished the 10 km course in 42 minutes and Vinod Kumar secured the second position finishing the course in 42 minutes and 15 seconds. He had previously emerged as the champion of iRUN 2022.
Discussing the other victors in Chennai, In the 5 km race held, Venkatesh finished first with a time of 24 minutes and 6 seconds, while Mariya secured the top position in 39 minutes and 31 seconds. Meanwhile, in Hyderabad, Susanta Kumar Sahoo completed the 5 km race in 24 minutes and 5 seconds, and Surapaneni Pujitha clinched victory in 30 minutes and 4 seconds.
Intellect Fest committee acted as the guardians of this spirited spectacle. Hydration stations dotted the route, protecting participants from dehydration, while clear directions guided them on the right path.
As we look back, iRUN 2023 becomes a symphony of achievement, etching a chapter into Intellect’s legacy. It embodies unity, resilience, and our shared dreams.
I will share the stories of the success of Intellect and our Associates in the upcoming weeks.
Reshared: SRM has introduced Design Thinking course for all first year students. A major breakthru in curriculum where ‘Design The Thinking’ based on unmukt is becoming the foundation stone for understanding the Technology and Engineering better.
Congratulations to all faculty who spent enough time in learning the new pedagogy at School of Design Thinking under the leadership of Dr. Anbu Rathinavel.
24.7 is the foundation date of Polaris/Intellect group 30 years ago. Aptly, ‘24 by 7’ became the DNA of members of this group who continuously think, work and achieve designing and developing better technologies for their customers across the globe.
The 30 years of collective community power translates to 10957 calendar days and over 1.5 billion hours of design, innovation and execution of a vision in global Financial Technology. A vision that is jointly shared with our customers.
I must record my gratitude to all customers who trusted Polaris/Intellect from 57 countries to connect their dreams to drive better banking for their customers.
We started our journey at the beginning of Banktech Wave 3 when the era of distributed computing and relational databases was just emerging over the Mainframes and Mini computers era. We proudly participated in providing cutting-edge technology in building the first high volume Credit Card processing application and Core Banking application on the distributed architecture of small Solaris machines and Oracle DBMS for Citibank. A unique achievement which was unheard of in that era. And then we never looked back.
In a short span of 7 years, customers from Singapore, Australia, Middle East, Germany, Switzerland, UK and US started placing their trust with our technology teams. And top 4 of 10 North American Banks, top 6 of 10 European Banks, top 9 of 10 Middle Eastern Banks, top 7 of 10 Indian Banks and top 5 of 10 South East Asia & ANZ Banks place their trust on Intellect when it comes to technology.
The process of shared visioning and imagining the nextgen through ‘Lakshya’ (our visioning exercise across the organisation) helped the group to transition smoothly to Wave 4 and now Wave 5 ahead of its competitors. Today Intellect’s launch of eMACH.ai is a new paradigm in choreographing and composing contextual experiences at double the speed.
My gratitude to all associates (employees in industry terms) and partners, past and present, of this 24 by 7 movement, who helped in building a strong culture of small communities (teams) who asked the right questions and found the right and appropriate solutions, wiring them in our customer complex ecosystems. The culture of smart communities focussed on deep functional and technology research, product engineering, customer transformations, and life cycle support spread across 25 countries makes me proud today.
Our resolve of bringing transformation through ‘Mission Samriddhi’ in rural India and building the spirit of ‘Can Do’ in children through ‘Ullas Trust’ is our way of contributing to society and expressing our gratitude to the roots from where we have emerged.
On this important day, I feel humbled by the power of dreams, entrepreneurship and communities. A very Happy Foundation Day to all my associates, customers and partners and I look forward to our continued journey together.
just completed a 2-day trip to Jharkhand and would like to share my learnings with my LinkedIn group. I would encourage all of you to share your personal learnings/ insights in this forum.
Key learnings:
The nutrient value of grains and vegetables has fallen substantially in the last 100 years as per recorded data. The iron content in spinach as published by nutrient data has reduced to one-fifth since 1914. It is attributed to lesser microbes and soil content because of chemical farming.
The nutrient value of native seeds is higher as per Siddarth Jaiswal’s study.
The protein content in Bhutku Rice is as high as 11.5 percent along with B1, B3 and B6 vitamins and phosphorus,
Saw Amrit Krishi’s bed and learnt 5 layer farming on the same bed (Amrit Krishi is a system of Natural farming (an advanced form of Organic farming) in which no external bio-input purchased from the market is used. The product is from native sees which are grown in virgin tracts using natural concoctions of native cow dung/urine and biomass by tribal farmers of Chakuliya in East Singhbhum district of Jharkhand. The grains are processed using traditional methods and checked manually.)
Carbon content of Amrit Mitti is 6 to 8 times higher than normal organic soil.
Layer 2: on Ground crops like cabbage, Brocolli etc
Layer 3: Bushes crop at higher levels like Brinjal, Tomato etc
Layer 4: Creepers on Bamboo sticks wired in the Center of Amrit Mitti bed
Layer 5: Leafy Vegetables in the remaining space in a broadcast fashion.
The concept of layer 5 is very interesting. As per Amrit Krishi theory, Sunlight is the only energy source for the growth of plants which needs ‘designed distribution’. Normally in empty spaces, weeds surface. If we sprinkle leafy vegetables in the empty spaces, it prevents weeds to grow and we get one extra vegetable.
Anil Pradhan, founder of Young Tinker Foundation from Bhubhneshwar, has taken a team from schools in villages of Odisha all the way to NASA, and we at Mission Samriddhi have been privileged to mentor him. The team consisted of students from 9th to 11th grades, who were trained to create a functional Rover from scratch in just 6 months.
Using CADD, they built all mechanical parts and carefully selected lightweight materials to stay within the weight limit for the rover. I am amazed at how these students were able to learn such fine engineering sciences in such a short period of time. They are now competing in a global competition with resources 50-100 times greater than their own.
This achievement is beyond the limits of conventional learning and a testament to the hard work and dedication of Anil Pradhan and his team. Congratulations to all involved!
I had a meeting with Nikunj Dalmia, Managing Editor of ET Now today where we discussed the current question facing the banking industry.
As a designer of banking technology for the last 37 years, I believe that the complexity of the global banking industry can be represented through the Banking Complexity Pyramid. This complexity includes the interconnected world, regulatory compliances, extreme economic fluctuations, and five generations of existing technologies.
Investor communities often react based on visible symptoms like Brexit, Trump, or Russia/Ukraine, without conducting a detailed analysis. However, the controllable element in this complexity is technology, and a holistic design is required to build resilience against regulatory changes, an interconnected/interdependent world, and economic fluctuations.
I believe that technology investments are crucial for banks to navigate the complex banking industry and build resilience.
At Intellect 3.0, we have invested over 600 crores in building the Open Finance platform eMACH.ai based on BankTech wave 5 by converging 5 technologies of events, microservices, API, cloud, and AI.
Our platform helps banks’ in-house business, operations, and technology teams to ‘Connect’ broken windows created by ‘Residual Legacy’ and compose agile solutions by using 285 independent microservices (Core Banking, Lending, Credit Card, Wealth and Corporate Banking) and tightly wire the entire ecosystem using 1214 API’s. This platform helps banks to co-design technology transformation in a very systematic way and helps reduce operations costs by 20%.
I heard the phrase during my school days – Time Flies.
Here I am experiencing 10 years of time flown since innauguration of FT8012 on 23rd March 2013 by Michael Harte, who flown from Australia to innaugurate this ‘Monument of Design Thinking’, the first of its kind in the world dedicated for making a difference in financial technology world.
Over the 10 years period of smartest brains entered in this space and having deep design conversations makes this place sacred. Each time I participated in taking a group of leaders around Design Center, I got some new learning, some new connections, some blind spots surfaced or some difficult problems got solved. Each visit is Magical and energising for me.
The whole concept and design of Mission Samriddhi germinated from FT 8012. It took us 3 years and over 150 Development Accelerators with deep commitment to Social development participated in over 20 different workshops. The entire CATALYST WHEEL and Cluster Development Program (CDP) got designed from this SACRED place.
Hello, my name is Arun Jain. I am a design thinker living in Chennai, India. This is my blog, where I post my thoughts, technology trends and tips about the fintech world and many more.
