Virtue 6 : Self Discipline and Pause
Perseverance/Sanyam helps in taking a pause before reacting to a situation. It leads to responding to crisis or opportunity vs reacting.
Search of Truth requires long term research thus perseverance(Sanyam).
Just reflect.
Today we are celebrating Ullas -The Young Achiever, 26th Annual ‘Can Do’ workshop 2023 at Music Academy, Chennai.
The workshop has over 1100 Teenagers from class 9 from government and corporation schools selected thru proper test. The test was taken by over 5000 students from over 200 schools in Chennai.
This workshop is named as ‘Diary of Dreams’ Workshop where we encourage students to write their dream in small personal diary handed to them among 1100 other students.
This is a beginning of their journey of Design the Thinking to drive higher performance followed by 20 Life skills workshops.
The 20 workshop are divided into 4 Summits.
Summit 1 for 9th standard Summit 2 for 10th standard
Summit 3 for 11th standard
Summit 4 for 12th standard
Each Summit has 5 Workshops conducted by Polaris/Intellect Employees, Ullas Alumni and college students.
iKredit 360 – the only 360 Asset management platform from Loan originations, credit card origination, Loan processing, credit card processing, Debt management, collateral management for self service, relationship manager and accurate operations management.
With embedded AI for trusted data for quicker decision making, almost autonomous application being operations cost down by 20 percent.
Congratulations for its launch in Philipines market.
1. On October 9th and 10th, we had an amazing two-day marketing event at FT8012. I am happy to share that the eMACH.ai & Intellect Design Thinking Residential Programme for Exponential Growth went really well. Special appreciation to Debal Dutt, Ramanan S V, and Intellect Design Arena Ltd’s Marketing, Sales, and Admin teams for their outstanding work in bringing together the top 37 bankers and industry leaders.
The event was split into two main parts:
Day 1 was all about “Design Thinking for Building Digital Enterprises.”
Day 2 focused on “Design Thinking for Cognitive Enterprises.”
The event’s core message emphasized the paradigm of Designing Platforms versus Products, utilizing the six designer canvases of iTurmeric, which was extremely well-received.
A key highlight was the significant role of Data Design in governing platform and ecosystem design. This underscored iTurmeric’s importance with its core components: Composite Data Objects and Transaction Data Objects, predefined and governed to ensure excellence.
API Designs and Governance is the second canvas essential in crafting exceptional digital platforms and advancing towards expansive ecosystems.
Visual User Journey Design was perceived as an innovative product combined with direct coding and embedded Rules and Events. FPX connected with the other 5 canvases was another interesting capability to bring out a Segmented and personalised expression of the platform.
#DesignThinking #eMACH.ai #Intellect #OpenFinance #Growth #DigitalEnterprise #CognitiveEnterprise
Second day of the eMACH.ai & Intellect Design Thinking Residential Program for Exponential Growth (Oct 10) started with a deep dive into understanding the concept of a “Cognitive Enterprise.” Asking the right questions” is a fundamental step in building a cognitive organization.
In the past 35 years, we’ve learnt to organise structured data within Relational Databases like Oracle or Postgre. These structured data sets have been pivotal in enabling deterministic decision-making. However, in the financial sector, a significant portion of intelligence, over 60 percent, is hidden within documents.
We introduced the concept of a Document Intelligence Management System (DIMS) as the next basic need of Financial Institutions to organise unstructured data alongside structured data.
Deepak Dastrala and Raman Jatkar presented IDX as a next-generation DIMS. IDX demystifies the AI life cycle and condenses it into 51 algorithmic steps and 11 services integrated into a single platform. This groundbreaking approach simplifies the traditionally complex roles required to build AI applications, reducing them from eight, including Data Scientists and ML Ops, to just two: Domain Specialists and Data Engineers.
While many financial institutions have established AI setups, they often miss the vital “Science of AI” or “Document Intelligence in a single platform”, equipped with the capabilities to create contextual role and function-based APIs. The launch of IDX 3.0 during this conference marks a groundbreaking solution in this domain from Intellect
Debal Dutt, Ramanan S V, Intellect Design Arena Ltd
hashtag#CognitiveEnterprise hashtag#DocumentIntelligence hashtag#AI hashtag#Innovation
IntellectAI kept resonating on 2nd day at Sibos with its CoPilot for Corporate Bankers. Let me share the story of the origin of CoPilot. Intellect started its AI journey 7 years back in the US. We were the first to set up a dedicated team in the US and embark on a ‘Platform’ approach to build AI capabilities aligned to what Financial Services will need in the future.
During the first phase, which we call IntellectAI 1.0, we mastered the art of extracting contextual and sentimental data from Excel Sheets, PDF Documents and Images. We applied triangulation, validation and enrichment to create what we called a Document Intelligence Platform. The technology behind it took 5 years to mature from Build Stage, i.e. 80+ per cent accuracy, to Decision Grade AI with 97+ per cent accuracy. This technology was then successfully applied in the highly document-intense industry space of Policy Underwriting, especially for P&C (Property & Casualty) Insurance. Today, this technology has empowered 20+ customers globally to make better and more informed decisions in Policy Underwriting, Cash Management and Expense Management spaces.
Once we mastered the Document Intelligence Platform, we moved to the next phase of our journey to build Multi-Question Search(MQS) and Triangulation technologies. In the Financial services space, the problems are multi-dimensional with the highest level of complexity associated with the variables around each dimension. Making it Decision Grade required accuracy, referenceability and audit trail for each proposed inference. This is what our next-generation technologies were able to deliver. And this is what we christened as CoPilot, ready for adoption across multiple industry segments.
The largest Norwegian Fund adopted IntellectAI’s CoPilot for ESG to create the ESG Risk Wheel, which is a combination of 150 unique sets of questions triaged from data from 8000+ companies.
Our CoPilot for Corporate Banking is targeted to leverage the power of AI in the Commercial Banking space. It seamlessly connects with Microsoft Azure OpenAI and delivers the high octane of Prompt Engineering and GenAI in order to boost accelerated revenue growth with reduced operational costs.
We are already receiving huge interest from global banks asking the right questions to bring more clarity and explore opportunities in their journey to become a Cognitive Institution from a Digital Enterprise.
Transformation of villages can happen when villagers own the change and work together. In the above movie, Sidharth Tripathi, a government bureaucrat works with the tribal community and the change is visible.
We visited Aram Kera villages in February 2021 and were amazed to see how Personal Development with minimal cost can drive 50 to 100 times the economic viability.
#transformation #ruralindia
I need help in understanding
A very interesting dialogue is happening where different Perspectives are emerging.
As per ‘Design The Thinking’ – Thinking mind has six rooms – Imagination room, Learning room, Doing room, Effective room, influencing room and Giving room.
Our mind lives in these six rooms throughout the day. The more imagination leads to the desire to learn more. The more learning gets applied to doing the more experiential learning. Through experiential learning, one learns to become effective as a team member or leader, leading to influencing others. Giving or teaching is the greatest way to increase learning capacity.
The measurement of learning capacity, suggested by a few people through standardised tests, is a good way to Judge. One other way to measure learning capacity is to ask a person to write down a number of questions which come to his mind about a particular problem, not answers. Germination of the right questions may help determine his/her learning capacities.
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.