Twitter / Balaji Sowmyanarayan

Thursday, February 22, 2007

Better Retirement Plan = Better Productivity?

Idea: Better Retirement Planning for Employees using a professional Specialist
Execution:Today I came across a unique service company called Retirment Capital Group. They offer executive compensation seminars in the changing dynamic world of retirment planning. Retirement is a constant nag in every employees back of the mind. If this constant nag can be addressed effectively, it gives peace of mind to the employees and productivity for the employer. Defined contribution, and custom design of plans are hot areas that can differentiate an employer and improve their chances of retaining talent. The Retirment Capital Group's offereing and Knowldege Centre are worth checking out!
Profit: Retirement worry taken out of the employee's mind => better productivity!

Wednesday, February 21, 2007 Video made with SecondLife

Amazon Mturk earnings now in Indian Rupee:: Tap the housewife resource pool

Idea: Tap the housewife resource pool
Execution:There are a lot of household with a PC and internet connection sitting. Just decorating the living room. Where the kid plays the 'educational' game. And the grown ups use it for email and google. Now with mturk earnings available in Indian Rupee, the housewife glued to the TV serials, sob soaps can be given a gainful alternative. Mturk is part of suite of services opened up by Amazon Web Services as part of Jeff Bezeos strategy of increasing the utilization of Amazon installed capacity. To quote the Amazon FAQ on Mturk:

What is Amazon Mechanical Turk?

In 1769, Hungarian nobleman Wolfgang von Kempelen astonished Europe by building a mechanical chess-playing automaton that defeated nearly every opponent it faced. A life-sized wooden mannequin, adorned with a fur-trimmed robe and a turban, Kempelen's "Turk" was seated behind a cabinet and toured Europe confounding such brilliant challengers as Benjamin Franklin and Napoleon Bonaparte. To persuade skeptical audiences, Kempelen would slide open the cabinet's doors to reveal the intricate set of gears, cogs and springs that powered his invention. He convinced them that he had built a machine that made decisions using artificial intelligence. What they did not know was the secret behind the Mechanical Turk: a human chess master cleverly concealed inside.

Today, we build complex software applications based on the things computers do well, such as storing and retrieving large amounts of information or rapidly performing calculations. However, humans still significantly outperform the most powerful computers at completing such simple tasks as identifying objects in photographs—something children can do even before they learn to speak.

When we think of interfaces between human beings and computers, we usually assume that the human being is the one requesting that a task be completed, and the computer is completing the task and providing the results. What if this process were reversed and a computer program could ask a human being to perform a task and return the results? What if it could coordinate many human beings to perform a task?

Amazon Mechanical Turk provides a web services API for computers to integrate "artificial artificial intelligence" directly into their processing by making requests of humans. Developers use the Amazon Mechanical Turk web service to submit tasks to the Amazon Mechanical Turk web site, approve completed tasks, and incorporate the answers into their software applications. To the application, the transaction looks very much like any remote procedure call: the application sends the request, and the service returns the results. Behind the scenes, a network of humans fuels this artificial artificial intelligence by coming to the web site, searching for and completing tasks, and receiving payment for their work.

All software developers need to do is write normal code. The pseudo-code below illustrates how simple this can be.

read (photo);
photoContainsHuman = callMechanicalTurk(photo);
if (photoContainsHuman == TRUE) {
else {

In a nutshell, Mturk is a way to give out tasks to the crowd and get the task done by a human. Typically, the task are too difficult for computer, but effortless for the human. The person accomplishing the task, gets paid. The Amazon's ecommerce system takes care of the trust, reputation, transaction etc.

Thus mturk can be used to give out work to housewifes, and the housewifes can do the task and get get paid, all risk free for both the work giver and the work doer.
Profit: The housewife of India are a talented lot. They give up pulme jobs to become housewife. They may be well qualified educationally. They can be meticulous in their work. Tapping this talent pool in a risk free way could be wonderful way to gain competitive advantage for businesses.

Friday, February 09, 2007

Electric Scooter Available in Chennai!

Idea:Electric Scooter/Bicycle is a reality in Chennai.
Execution: Sometime back I wrote about Electric Bike maker survival guide. When I went to a Motor Show at Chennai recently I came across an interesting company displaying electric scooters for sale. The bikes are called Petra and they are made by EPL Technologies Pvt Ltd( Ph +91-44-6453 3333) The bikes are pricey but it will fall whne there is enough demand( A scooty like version costs Rs 27,000 while a luna like version costs 22k and a electic bike like version costs 18K). If someone can bulk buy them, and make them available on short haul rent/lease, it will make them popular and because of the voluem effect bring down the prices and create a demand spiral.
Profit: Apart from attractive gains in running such an operation, the social goodwill earned will go a long way in boosting up the valuation of the leasing/operating company. With the economy very upbeat, I will not be surprised if someone is already thinking/executing this in stealth!

Photo Courtesy Snazzo