Context :
My
“ Appy “ Diwwali /
Business Line / 18 Nov 2021
( Author : Manasi Phadke / manasi.phadke@gmail.com
)
Extract :
So, here’s a start-up idea. One can’t do
away with the information being put out, but one can weave it into the app!
Apps need to give online shopping a desi haggle-touch
!
Allow the shopper to put in a price that
they are getting elsewhere and get the virtual shopkeeper to haggle.
Shopper puts in a quote of ₹1,500 for the aforementioned handbag.
App says ‘ Dusre app pe jao !
This quality is only
available at ₹2,500 !
’ Well, you are now entering active price discovery. Shopper puts in
a quote for ₹1,800. App has to say the golden words, ‘ Teri bhi nahi, meri bhi nahi !
Final price ₹2,150 ! ’ Please get me an app which ‘app’reciates
how Indians shop !
MY TAKE :
Ø A Matter
of Time …………………………………………[ 03 Jan 2017 ]
Extact :
All bank accounts of a person ( in different banks ) become inter- operable / fungible, through seamless
interlinking, using Aadhar / UPI Interface in a Mobile Wallet. No need to
" select " a particular bank name
All
transactions using a Mobile Wallet,
automatically entered in BLOCK- CHAIN database commonly shared by ALL banks
Wallet based algorithm
will move funds across different bank accounts for best yield, constantly searching for best
interest rates offered by banks on Fixed Deposits
This
will happen automatically, much
like algorithm-based share trading, taking advantage of price differences in two
bourses located 300 km apart ( in
one thousandths of a second ! )
No
rocket science here considering availability of " BEST PRICE " apps for thousands of
goods and services
And
since computing power of mobiles are doubling every 18 months ( Moore's Law ),
nothing will stop algo-trading
through a Mobile Wallet as well ( Demat A/C on Wallet
? )
Of course, future Mobile Wallets will subsume within itself, ALL AUTOMATIC PAYMENT APPS, using which (
individually ), currently I make following digital payments :
# Property Taxes / Locker Fees / Housing Society
Charges / MTNL bill
# Mahanagar
Gas/Tata Power/YOU broadband/Vodafone/TATA Sky TV etc
I
expect, a future Mobile Wallet to take care of ALL my periodic dues, automatically
Ø BHIM,
the Impersonator ? ………………………………[ 17 June 2017 ]
Extact :
After reading the following news
report ( Pune Mirror / 16 June ) , if you were to imagine an avatar of BHIM which starts “ bargaining / negotiating “
with the seller of a Saree / ladies’ dress , for a better price , you would not
be far off !
If NPCI ( National Payment Corporation of India ) , the primary developer / promoter of BHIM were to come up with such an avatar , it would obsolete ALL other mobile payment wallets !
“ Facebook
bots can now negotiate , compromise “
Facebook’s
artificial intelligence researchers announced that they had broken new ground
by giving automated programs or “ bots ”
the ability to negotiate and make compromises.
The new technology
pushes forward the ability to create bots “that
can reason, converse and negotiate, all key steps in building
a personalised digital
assistant,” said researchers
Mike Lewis and Dhruv Batra in a blog post.
Up to now, most bots
or chat-bots have had only the ability to
hold short conversations and perform simple tasks like booking a restaurant
table, according to the researchers.
But in the latest
code developed by Facebook, bots will
be able to dialogue and “ to engage in
start-to-finish negotiations with
other bots or people
while arriving at common decisions or outcomes,” they wrote.
Facebook’s
Artificial Intelligence Researchers (FAIR) team gave bots this ability by estimating the “value” of an item and inferring how
much that is worth to each party.
“Furthermore,
walking away from the negotiation (or not agreeing on a deal after 10 rounds of
dialogue) resulted in 0 points for both agents. Simply put, negotiation is
essential, and good negotiation results in better performance.”
But the bots can also find ways to be sneaky.
In some cases, bots “ initially feigned interest in a valueless item, only to later ‘compromise’ by conceding it – an effective negotiating tactic that people use regularly,” the researchers said.
This behaviour was
not programmed by the researchers “but was discovered by the bot as a method
for trying to achieve its goals,” they said.
WOW !
How long before these BOTS beat humans at “ negotiating to win “ ?
And beat other BOTS or other humans , who too are negotiating with the same human for a favourable outcome ?
As in case of dozens of jobseekers being interviewed by a recruiter
Not inconceivable if someone comes up with a CANDIDATE BOT ( a software agent of the jobseekers ) , which gets pitted against a RECRUITER BOT ( a software agent of the employers )
===================================================
Here is what is already here :
[ A ]
JM FINANCIAL TO LAUNCH APP FOR RETAIL INVESTORS TO TRADE IN
BONDS / 18 Nov 2021
Extract :
Bondskart platform will also advise on investment decisions,
assessing creditworthiness, current trends and options available in market on a regular basis, officials said.
An individual can buy or sell bonds
through that app where JM’s dedicated institutional fixed income team along
with a tech team of about a dozen people will ensure liquidity and smooth
operations.
“Senior citizens and seasoned retail
investors require steady interest income, which hit a record low these years,”
said Ajay Manglunia, managing director (ajaymanglunia@jmfl.com ) – institutional fixed income at JM Financial.
“ Through this app,
they will get a platform to play
over fixed income market and choose out of a curated portfolio of securities.”
[ B ]
Coutloot
launches auto bargain feature on its platform / Eco
Times / 23 Nov 2021
Extract :
Coutloot,
India's social commerce platform built on the lines of Taobao, launched a
feature that allows , both buyers and sellers to bargain automatically
The “ Automatic Bargain “ feature provides the buyer with a pre-set
bargain price within a chat box
The buyer then can select and quote a favourable price,
which the buyer thinks is fair for the product
Coutloot has
brought offline retail sellers and street vendors to sell online for the first
time in their lives and made it possible for buyers to live-bargain with the
seller without having to wait for the seller to be online
“ Our Auto-Bargain feature makes a deal quickly between
the buyer-seller instantly “ , said Jasmeet Thind. Founder Coutloot , in a statement [ thind.jasmeet@gmail.com / Jasmeet@coutloot.com ]
So, while Coutloot helps these
sellers get the best price for the local products , shoppers can uy
products within their budget
Taking the Chat and Bargaining feature a step forward, Coutloot has also recently rolled out a
chat feature in 12 different Indian languages that have broken the language
barrier between the sellers and buyers, helping bring the smallest and most
remote sellers to a big platform
Founded by Jasmeet Thind and Mahima Kaul
[ mahima@coutloot.com ],
Coutloot is a platform that allows buyers
and sellers to bargain while shopping
It helps sellers list non-MRP unbranded local
market products across Fashion, Electronics, Home Décor, Sports, and other
boxed categories that make up 75 % of India’s retail sector at present
Related Readings :
Will
Chatbots take away Jobs ? ………………………………………[ 24 June 2017 ]
Recruiters
threatened by AI ?.................................... [ 31 Mar 2018 ]
Dear Shri Ashwini
Vaishnawji – Shri Rajeev Chandrasekharji – Shri Piyush Goyalji :
In today’s Cabinet Meeting, you will be approving the final drafts of
DATA PROTECTION BILL and CRYPTO CURRENCY BILL
What I have envisaged – and described above – is an example of the rate
at which technology is moving
While approving the drafts, you may want to start working on the
AMENDMENTS !
With regards,
Hemen Parekh / hcp@RecruitGuru.com / 24
Nov 2021
No comments:
Post a Comment