Categories
Finance

Can Artificial Intelligence Make You a Millionaire?

Artificial Intelligence (AI) has the potential to contribute to wealth creation and financial success, but it is important to understand that it is not a guaranteed path to becoming a millionaire. AI can be a powerful tool in various industries and can help improve efficiency, automate processes, make better predictions, and identify opportunities. However, achieving financial success still requires careful planning, strategic decision-making, and entrepreneurial skills.

Here are a few ways AI can potentially contribute to wealth creation:

  1. Business Optimization:
    AI can help businesses optimize their operations, improve productivity, reduce costs, and increase profitability. By leveraging AI technologies such as machine learning and data analytics, companies can gain insights that can lead to more informed decision-making and competitive advantages.
  2. Investing and Trading:
    AI-powered algorithms can analyze large volumes of financial data, market trends, and historical patterns to make investment and trading decisions. This can be particularly useful in algorithmic trading or quantitative investing, where AI can process vast amounts of information and execute trades at high speeds.
  3. Personal Finance Management:
    AI-powered personal finance applications and platforms can assist individuals in managing their finances, budgeting, and making smart investment decisions. These tools can provide personalized recommendations based on individual financial goals and risk tolerance.
  4. Startups and Entrepreneurship:
    AI can fuel innovation and help startups develop unique products and services. By incorporating AI into their business models, entrepreneurs can create value, disrupt existing markets, and potentially achieve significant financial success.

It’s worth noting that while AI can offer advantages, there are risks and limitations to consider. The effectiveness of AI systems depends on the quality and relevance of the data used for training, the design of the algorithms, and the expertise of the individuals implementing and managing them. Moreover, the AI landscape is continuously evolving, and there is no substitute for sound financial planning, industry knowledge, and business acumen.

Becoming a millionaire typically requires a combination of factors, including hard work, expertise, timing, market conditions, and a degree of luck. AI can be a valuable tool to support your financial goals, but it is not a guaranteed path to wealth on its own.


AI has emerged as an exceptional choice for individuals seeking to start a successful career. If you want to be on a path toward being a millionaire, mixing Entrepreneurship with advanced AI tools can be the best choice. Our cutting-edge diploma program, ‘Billionaire’s Blueprint,’ in collaboration with GLA University, can allow you to embark on a transformative journey of using technology in the best way to attain financial success.

Categories
Motivational

These 10 Books Recommended By Elon Musk Will Open A Whole New World Of Knowledge!

“A book can be your best friend.” Sometimes it can be your peaceful escape, while other times it can take you to a world, where you have never been before. A book can give you a fresh new perspective, open your mind, and give wings to your imagination. It can throw light in the darkest corners of your mind by making you aware of various aspects of the world.

Many successful millionaires read books. In an interview, Bill Gates mentioned that he is very fond of reading and reads around fifty books per year. And Elon Musk who is the brilliant mind behind Tesla and SpaceX is no exception.

Whenever Musk is asked about how he learned to build rockets, he says, “by reading books.” Not only this genius reads them but also devours them. Musk has a personal library and offers some recommendations of his own.

Here are the top 10 books recommended by Elon Musk:

1. Life 3.0: Being Human in the age of Artificial Intelligence| By Max Tegmark

Will superhuman intelligence be our slave, or become our god? What will the future look like? Taking us to the heart of the latest thinking about AI, Max Tegmark, the MIT professor whose work has helped mainstream research on how to keep AI beneficial, separates myths from reality, and utopias from dystopias, to explore the next phase of our existence.

How automation can help us grow our prosperity, without leaving people lacking income or purpose? How can we ensure that future AI systems do what we want without crashing, malfunctioning, or getting hacked? Should we fear an arms race in lethal autonomous weapons? Will AI help life flourish as never before, or will machines eventually outsmart us at all tasks, and even, perhaps, replace us altogether?

2. Twelve Against the Gods| By William Bolitho

Encompassing the timeless values of perseverance, bravery, and strength of spirit; this book consists of essays that are nearly one hundred years old but still that have proven to resonate with the pioneers and thought leaders of today.

In this book, author William Bolitho details the lives of twelve great adventurers — Alexander the Great, Casanova, Mahomet, Christopher Columbus, Lola Montez, Charles XII of Sweden, Cagliostro (and Seraphina), Napoleon I, Lucius Sergius Catiline, Isadora Duncan, Napoleon III, and Woodrow Wilson. He also demonstrates the struggles and successes that made these iconic figures famous.

3. Screw Business As Usual | By Richard Branson

It’s a vibrant and definite sea change from the way business was always done, when financial profit was a driving force. Today, people aren’t afraid to say, Screw business as usual!-and show they mean it. Richard Branson is one of the world’s most famous and admired business leaders. He argues in his book that it is time to turn capitalism upside down-to shift our values from an exclusive focus on profit to also caring for people, communities, and the planet.

4. Waiting for Godot| By Samuel Beckett

‘Waiting for Godot’ is a valuable book that begins with a summary of the play and its origins and editions. It then explores the play’s meaning and the historical and intellectual contexts informing Beckett’s work. The book then examines Beckett’s dramatic art and gives full coverage of the play’s performance history. A bibliographical essay surveys the most important critical studies.

5. Howard Hughes | By Donald L. Barlett

Whether he was courting public attention in the roles of aviator, playboy, and entrepreneur, or shunning it as a recluse, Howard Hughes commanded headlines throughout his career. Yet the image of his life, his power, and his business empire that caught the public imagination was almost completely false. This book revolves around his life, revealing the multiple layers page by page, taking its readers closer to the reality of his life.

6. Super Intelligence | By Nick Bostrom

Human beings are blessed with some of the most amazing capabilities that the other species on this planet lack. It is these capabilities that put humans in a more dominant position. Where other animals have stronger muscles and sharper claws, humans possess the ability to think with their cleverer brains. Read the book and learn about genies, oracles, singletons, and a lot more intricate concepts.

7. Benjamin Franklin | By Walter Isaacson

Benjamin Franklin is the founding father who seems made of flesh rather than marble. In a sweeping narrative in this book that follows Franklin’s life from Boston to Philadelphia to London and Paris and back, Walter Isaacson chronicles the adventures of the runaway apprentice who became, over the course of his eighty-four-year life, America’s best writer, inventor, media baron, scientist, diplomat, and business strategist, as well as one of its most practical and ingenious political leaders.

8. The Machine Stops | By E.M Forster

The Machine Stops” is a science fiction short story (12,300 words) by E. M. Forster. After initial publication in The Oxford and Cambridge Review (November 1909), the story was republished in Forster’s The Eternal Moment and Other Stories in 1928. It was voted as one of the best novels in 1965.

9. Steve Jobs | By Walter Isaacson

Walter Isaacson tells the story of the rollercoaster life and intense personality of a creative entrepreneur whose passion for perfection and ferocious drive revolutionized six industries: personal computers, animated movies, music, phones, tablet computing, and digital publishing.

10. The Life of Greece | By Will Durant

A history of Greek civilization from the beginnings, and of civilization in the Near East from the Death of Alexander to the Roman Conquest of Greece!

Inspiration can be anywhere! And if you want to be a successful entrepreneur reading could be a great way to increase your knowledge and awareness. These 10 books recommended by Elon Musk should be on your reading list.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more, visit: www.badabusiness.com

Categories
Business motivation

5 Top Reasons Why Small Business Owners Must Embrace Business Automation

Computers, Robots, Artificial Intelligence, and the internet: these are some of the first things that come to our mind when we talk about technology that most businesses are using in this modern era. Some of the most impressive recent advances in technology and process efficiency are rooted in automation.

Business automation is becoming more frequent because it is both less expensive and more accessible. Today, it is used for everything from sending out “automated” away messages when you are out on a vacation to building high-rise apartments and cars.

Automation in a startup business can save your company money and time. But one thing that we should keep in our minds is that even the most advanced software or technology will be far from perfect. Why? That is because the creation of technology involves coding which is done by humans. Hence, a scope for human error is always present.

But every business requires reliable and faster communication, and business processes to boost growth. So if you are still doing a lot of business processes manually, without any further delay here is a list of the most essential benefits that every business can certainly drive from business automation:

1. Communication which is Faster & Reliable

For businesses that operate not only across India, but also outside the country, a reliable mode of communication is necessary. If telephone lines are not working, alternatives must be readily available. Thanks to various instant messaging apps, many local business owners are now able to promote their business across various states in India.

Multiple modes of communication ensure that the business operations will not be disrupted. Fast internet connections have made it possible to transfer vital information regarding a business across vast distances in seconds. This enables telecommuting that not only gives access to high-quality talent in places but also reduces human resources cost.

2. Increased Efficiency & Productivity

Technology can help to enhance efficiency and productivity in multiple ways. There are many processes like maintaining accounts, billing, payroll, and asset management that can be automated by using business software that is available in the market. It will not only help to manage their operations but will do it more efficiently.

Also, technology can help many startup businesses to automate their repetitive tasks that do not require an elevated level of decision making. This can give more effective results and productivity.

3. Increased profit & Reduced Cost

Where business automation can increase efficiency and productivity from technology, it also results in decreased operating costs and an increase in profits, eventually. Advanced technology can also eliminate the unnecessary travel expenses for meetings and other supervisory work. Most of these activities can now carry out on live video chat and other collaboration platforms. This does not mean that one should remove the personal interactions and meetings, but it can help to reduce the need to be physically present in one location to work with other employees.

4. Enhanced Security

With the latest technology like blockchain, businesses can work to implement better ways to carry out financial business transactions more securely without compromising transparency and creating layers of security.

5. Greater Transparency & Interconnected Operations

Multiple business processes are complex and also involve countless types of transactions. But with advanced business software and technology, you can integrate these processes seamlessly. Also, when it comes to sharing and processing business data, you can automatically collect, process, and present everything in a readable format.

Technology is omnipresent. But many businesses resist embracing technology and those who refuse to do so may be bound for failure. But to ensure business growth is it essential to be well acquainted with the pros and cons that come along the way.

If you have a business idea and want to build your startup around it, you can take our ‘Entrepreneurship course’.

Categories
Technology

Indian Tech Services Revenue Could Reach $300-350 Billion by 2025: Nasscom

The technology services sector in India is could accelerate growth by 2 per cent to 4 per cent over the next half a decade, as per a report by Nasscom titled ‘Future of Technology Services – Winning in this decade.’ According to the report, the industry could reach $300-350 Billion in its annual revenues. At present, the technology services sector accounts to 27 per cent of the country’s total export. It also supports livelihoods of around 44 Lakh people, as per the report. The industry also contributes to 8 per cent to the overall economy by providing impetuous to more than 50 digital initiatives across various sectors including banking, finance, health among others. 6 Benefits How Technology Can Be Beneficial for Your Business.

Debjani Ghosh, President Nasscom, said in a statement, “The Indian Technology services sector can utilise the potential of deep technologies like cloud, artificial intelligence, machine learning, IoT, etc., through effective transformational practices, thereby contributing to the overall economy in the coming decade.” “The government needs to encourage and support digital literacy and skilling to ensure its talent, energy, imagination, knowledge, and unmatched commitment unites to address the customers’ surging needs,” added Ghosh. 3 Technological Trends that will define the future!

The coming decade will also experience growth in the technology spend, which would be primarily driven by the increase of  digital reinventors, technology natives and a growth in demand for Digital 2.0 accelerated by the industrialisation of cloud, AI and cybersecurity, said the Nasscom. According to the report, the technology services are expected to mount to $300-350 Billion in revenue by 2025, boosted by the cybersecurity ad loT digital spending.

Categories
Business motivation

This Indian Start-up is Helping Professionals with Business Automation!

We are living in an automation age in which robots and computers are performing a wide range of routine physical work activities better and more cheaply than humans. Not only physical work, but activities that include cognitive capabilities are also included.

From making tactic judgments, managing inventory, sensing emotions, or even driving, automation is playing a major role in the workplace. For any business small or big, it is imperative to make the most out of the available resources- especially in a world where technology is used to resolve some of the most complex problems.

According to a report by Mckinsey,’ the process of business automation could raise productivity growth globally by 0.8 to 1.4 percent annually’.

The automation of activities can enable productivity growth and plenty of other benefits at both the level of individual processes and businesses. The independent workers and gig workers can increase their productivity and their incomes by spending time on result-oriented tasks.

The Banglore-based successful start-up Superpro.ai recognized the opportunity to help working professionals save time and money by automating the time-consuming tasks. This Indian startup, founded in August 2019 by Gaurav and his co-founders Vijay Goel, Vivek Kumar, and Sagar Ramteke, earns over Rs 5 lakh, annually.

From collecting payments to scheduling consultations, sending follow-up email reminders to generating invoices, and sorting data, Superpro.ai helps in the automation of simple yet tedious tasks by using artificial intelligence.

According to Gaurav Tripathi, Co-founder, and CEO of Superpro.ai, “the Eureka moment happened during the first week of lockdown when one of our Super Professionals Arka Mukhopadhyay contacted us for support. He asked us whether we could help him receive online payments and schedule a Zoom session. We gladly agreed to help him”.

“We received similar requests that were referred by Arka. That`s when we realized that we could build tools that could make the life of independent professionals simpler. Thereafter, we marched ahead with the motto ‘Focus on what you do best, and let us take care of the rest”, he added.

Superpro.ai is trying to reduce the gap between people and making work-related mundane activities easier by enabling tools to serve people. This successful startup in India is focusing on engaging the existing communities and networks of independent professionals by increasing their billable hours.

They also offer analytical tools to professionals to provide them insights on how to improve their performance, maximize their productivity, and grow their business faster. Earlier, it was only available to the big hotshot companies, but now we are making it available for all the independent professionals.

We believe that independent professionals are the actual drivers of any economy’s growth. We see it as a great opportunity to create the perfect tools that save time, money, and effort by helping these professionals turn into “Super Professionals” by using AI”, Gaurav added further.

In addition to backend and analytics, Superpro.ai also allows ‘Solopreneurs’ to create their professional page. Starting with a video message that a user shoots and uploads, it gives them a chance to highlight their expertise and services.

Solopreneurs can also use this platform to offer video-based services like webinars, consultations, live courses, coaching, and training, among others. It also opens a door for businesses who want to get in touch with professionals listed on Superpro, without disclosing their details such as contact numbers and e-mail ids.

Superpro.ai, which has been incubated by SOSV is currently looking to raise $500,000 over the next one month.

Setting up a start-up is not an easy task. However, budding entrepreneurs can learn through our Problem Solving Courses. These courses are designed to give practical solutions & a learning experience to the most common, frequent, and prominent business problems faced by entrepreneurs.

To know more details about our PSC courses, click here https://www.badabusiness.com/psc?ref_code=ArticlesLeads

Categories
MSME

IIT Kharagpur Develops Portable AI-Based Device to Enable Automatic Inspection of Goods in MSME Sector

Kolkata, December 4: IIT Kharagpur researchers have developed a portable Artificial Intelligence-based device for automatic inspection of goods manufactured in MSMEs. According to a PTI report, the innovation will immensely benefit the micro, small and medium enterprises, which rely on manual checking and face losses when an entire batch is rejected if a few samples turn out to be faulty during random inspections, he said.

The research team, comprising Professors Surjya K Pal and Debashish Chakravarty, technical staffer Pravanjan Nayak among others, has filed a patent for the system, which will be made available to MSMEs to license the technology. MSME Employment Opportunities: Centre Plans to Create 5 Crore Job Opportunities in Micro, Small and Medium Enterprises Sectors in India.

How Does the Device Work?

The portable device will click pictures of products when set up on a batch of goods and send the feed to the AI-based software for quality control.

Professor Pal highlighted that MSMEs mostly rely on manual inspection, were a few samples are randomly selected and checked based on which the entire batch is accepted or rejected. This not only lacks effectiveness but also increases the cost of production.

The MSME sector, which employs over 10 crore people in the country and contributes nearly 30 per cent of India’s GDP and 50 per cent of export revenue, is still outside the ambit of industry-scale adoption of artificial intelligence and machine learning, Professor Pal further pointed out.

Categories
Startup

List of 4 AI-Based Start-Ups Which Will Inspire, Amaze, And Amuse You

DREAM BIG, ACT NOW – is the new motto for success in any start-up now. In the past few years, AI start-up numbers have tremendously increased. Now, many industries have adopted Artificial intelligence for better and security and other purposes.

So, every passing day we get closer towards an AI-first world, and it will be no wrong to say it’s the right time to step into this world and make your mark on it. We all talk and say, in the future world will be run by AI and robots. We listed a few startups who are working hard to bring a great change in transformation in the Indian tech ecosystem.

The fight against Covid-19 is still going on and many companies from the world are leveraging the use of technologies in the best possible way

Ajna AI

Ajna is a Chennai- based founded in May 2020, AI start-up which aims to build SaaS products that deliver a vision-based video Analytics solution. This app currently provides solutions like crowd safety intelligence, automated queue management, and retail video analytics system. Tasks carried out by them are mask detection, social distancing, people counting, safety reporting, crowd density analysis, and risk prediction.

Their focus industry is the retail industry, where they try to solve problems like limited information about customers and their behaviour in-store and many more.

Expertrons

Founded in 2019, Mumbai – based start-up is the world’s first AI video bot- assisted platform. This platform helps aspirants to learn from the interview experience of other experts in the field.

The main motive of the platform is to help college graduates understand the experience of a big organization’s work. The start-up owners say the best way to know how to crack a certain interview when you know from the people who have cracked it. They provide 24*7 interview question- related queries through video-bots of mentors.

Blocksapp.AI

This Hyderabad based start-up has developed an AI-based drone for a monitoring solution for helping police and local bodies in their work. Their drones help in sending an accurate image to the ground station to keep track of the situation. To fight with the Covid-19, solve many purposes like surveillance on hot spots, unsecured locations, spraying of disinfectants by drones Supply, and delivery of essential medicines.

BlueSemi

Another Hyderabad based tech start-up has developed a contactless and wireless thermal scanning device. The best part of this AI-enabled device helps in recording the temperature without any manual interference and is integrated with any healthcare platform.

BlueSemi can be handled by any Bluetooth/wireless device, ideally on a mobile app. We can call this new – age wireless technology helps in minimizing the exposure of healthcare workers by providing useful information at record speed.

Our country is among the top nations to have achieved millions of funding tech-based start-ups. Through their innovation, great minded strategy, and use of impactful use of technology made these startups stand out. We have mentioned just a few start-ups who work on AI-based, but there are many more on the list.

 

Categories
Startup

Govt Launches Artificial Intelligence Solutions Challenge, To Invite Startups to Address Challenges in Healthcare, Agriculture, Education & Other Areas

New Delhi, September 17: The Central government on Monday launched the Artificial Intelligence (AI) Solutions Challenge, where it invited startups to develop solutions to challenges in healthcare, education, transportation, agriculture, smart mobility and natural language processing.

According to a Livemint report, the top 15 startups will be given an opportunity to showcase their solution at a virtual global summit on AI—RAISE (Responsible AI for Social Empowerment) 2020—in October. In addition to this, the winner will also receive Rs 20 lakh award. The government will also be adopting their solution to wherever they can.

The aim is to make these startups self-reliant at a time when India has banned 118 Chinese apps over security concerns. The government has been urging Indian startups to come forward and fill the gap.

Last month, Ravi Shankar Prasad launched “Chunauti”- Next Generation Startup Challenge Contest to further boost startups and software products with special focus on Tier-II towns of India. The government earmarked a budget of Rs. 95 Crore over a period of three years for this programme. The aim is to identify around 300 startups working in identified areas and provide them seed fund of upto Rs. 25 Lakh and other facilities