From Startups to Shutdowns

The launch of #DigitalIndia Summit has raised hopes among the Indian start up community. The start up figures of India are amazing. I think it has something to do with the confidence and ability to withstand tough business times in young India-thanks to the population.

Indian kids grow in a very competitive environment right from the kindergarten days and thus, they realize quickly that genuine hard work and perseverance are very essential for a bright future in any field and also for becoming a successful entrepreneur.

I have been closely observing the Indian start up environment and feel that a lot has changed in modern times. Earlier, due to paucity of funds, one had to think twice before jumping into entrepreneurship. Today, a lot of money is flooding the market and funding for a start up/project is not at all difficult. Moreover, CXOs too have realized a better way of investing money – in a start up!

Many start up meets are being frequently organised all over the country providing ample opportunities to youth to think and plan big through entrepreneurship. Such events are limited not only to metropolitan cities but are being held regularly in Tier 1 and  Tier 2 cities as well. The youngsters are now bold enough and willing to take calculated risks to invest in a start up.

I also read a lot about NRIs returning to India and setting up businesses. They bring in money along with useful contacts and provide employment/opportunities to deserving professionals.

So, what is the problem? What’s wrong with start ups mushrooming in India? Will they really succeed? Well, just wait and watch.  The answer is yet to come.

 

Wearable Computing. Imagine. This is reality!

Last week, I read about the official release of Samsung launching a wrist watch which will be a smartphone cum tablet. Also, there have been rumors about launching of an  iWatch- an extension of iPod touch and an iPhone. This revelation raised a creepy question in my mind – has the time come when we can’t carry a tablet or a smartphone in our pocket or bags?. Or has the smartphone killed our smartness?

I know, many people may not agree with the above and some may even comment that the technology is evolving very fast and so, the consumers also have to cope up with the rapidly changing technologies. Well, I still go with a quote I read on a website “Too much technology, in too little time…little by little we all went insane.

watchWe all use wrist watches to track time but, wearing a smartphone, or as we say a smartwatch would be very exciting. Just imagine- you get a call, you place your wrist near your ear and say “Hello!”  Or, you are at your workplace, charging YOUR Wrist watch with a data cable. Or taking pictures like “James Bond” with a watch that has dual flash with carl zeiss lense. Or, watching TV in your watch! Well all this sounds weird as well as truly interesting. Surely, this will be a hair raising experience for all.

What we used to see in the movies few years back has become a reality. With new technologies cropping up each day, everything is becoming integrated. Don’t you recollect the days, when garment manufactures launched jackets with in-build iPod earphones.  That was a craze for the youth as well as elders. And, how can we forget jackets which had battery powered MP3 players.

Seiko, a Japanese watch company, was one of the first to develop wrist watch computing technology. Since then, many companies have invested money in this technology. I have seen Vox, a Chinese OEM, coming out with VOX Watch. It was powered with Android 2.2 and had all the features of a smartphone, with a price tag of INR 3000/- , Fancy and stylish stuff- isn’t it?

There are other OEM’s which are entering this new market-  which is risky but, worth a shot! Sony has come out with SmartWatch priced at INR 6000/-. However,  reviews about this product are not very encouraging. KREYOS has launched voice and gesture control smartwatch. Some of the other leaders entering the race are Acer, Toshiba and Qualcomm

I firmly believe that there is still plenty which needs to be evolved. We have to wait and watch.

Till then, lets hope whatever we buy, the last word should not be “Damn, this is such a waste of money!