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Technology Induced Poverty

Innovation – Ideal tool for the greater good or a just money-ladder for wealthy?

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Technology Induced Poverty

The advanced age has improved personal satisfaction for many individuals around the globe. The advanced period has become an incredible resource for the present world and has assisted with business, network, and even the economy.

The popular saying, “the rich get richer, the poor get poorer” is not just a hypothesis.

Innovation - Ideal tool for the greater good or a just money-ladder for wealthy

With the progression of innovation and invention, we go towards a society in which the one who’s intellectual wealth has higher advantages from technological growth. Yet, when the discussion is about the layers of society that don’t approach or give attention to the new technologies.

They are in every case either straightforwardly or by implication misused by it.

Also read: Digital Detoxing Is No Longer a Concept but a Reality

Taking a Detour to the Past

From the creation of the first wheel to these days’ innovative devices, there has been a vast amount of technological advancement.

In our set of experiences, there is a well-known occurrence where the innovation by one segment of the society caused the other to become captives to that innovation for abundant years to come.

Taking a detour to Indian history, everyone knows India was a colony to the Britishers for a significant stretch of 200 years.

This is a matter of high consideration, that how a country that had an ample amount of natural resources, high cultural values, high educational values, high health facilities fell prey to a small European country.

How were the English men able to rule the country of such a high population and area? The answer to this is the use of technology.

How were the English men able to rule the country of such a high population and area

The British invented machines that could make clothes. The garments were better, much the same as the Indian high-quality ones, they could be delivered in bulk – faster and they were less expensive. They designed allopathic medications that could fix sicknesses quicker than the Indian Ayurveda could.

Such measures led to individuals’ conviction that English innovation is in a way that is better than their own and thereby resulted in 200 years of powerlessness, exploitation, and poverty.

If technological advancement did not happen or happened while catering to the needs of all the people in the world, it was possible that many individuals would not have lived their lives in destitution and many great personalities would not have lost their lives due to injustice.

India could still have its cultural wealth, instead of now searching for that lost fortune, she might have never endured.

If in those first 50 years of the British intrusion, India could have preserved her own identity and had not fallen prey to the advanced technology, she did not have to go through 200 years of slaving and 75 years to come out of poverty yet not being able to do so.

Still in the Past?

The above scenario was an instance of around 300 years ago, yet shouldn’t something be said about it today? Isn’t what occurred with cutting edge English innovation as yet proceeding in the current occasions?

Individuals continue developing machines that could take human spots. The work that could function as a work and a type of revenue for some factory or industry laborers is finished by machines, leaving them jobless and desperate.

This is most prevalent in private industry workers who lose their jobs daily because of the fast age of machines that could take their place.

private industry workers who lose their jobs daily because of the fast age of machines

Another example of such a scenario can be seen in the press industry. There has been less number of people depending on paperbacks because of the generation of smartphones and the internet which can provide information that was previously found in books.

This has led to low demand for books and newspapers, and people working in the press industry lose their jobs rapidly.

A Not ‘Interesting’ Scenario

Innovation and invention are factors that can elevate human lives, but the uncertainty here is: Whose lives are being uplifted?

As of late, there was a case where of advancement in technology, 30 apps were created which provided loans to people.

The apps provided loans to people in need and are easily accessible.

Due to people overlooking the reality of these applications being real, they took loans and the direct effect of these loans was a 25000 crore scam.

They used to give loans to people and charged a high rate of interest, even on little credits. This led to people falling prey to the intellectually wealthy and losing the financial assets that they accumulated through their diligent effort.

Technology and Innovation

This could be debated that it was the individuals’ ignorance that led their financial riches to plummet, however, the fact that it was a technological headway that caused the malicious practices to happen remains.

The above was effectively an illustration of the risks of new inventions and innovations that drove people to go further into poverty.

Also read: Smart millennials – choosing solutions over religion & hatred

The Overlooked Connection Between Birds and Smartphone Usages

The present is the age of smart-phones. More than an object to use, smartphones have become a symbol of one’s status, and with new technologies coming every day, the individual’s smartphones change just as fast.

The generation of smartphones has directly impacted the bird populations. The frequencies produced by smart-phones are very harmful to the birds and result in death.

Connection between birds and Smartphone usage

Not only birds, but frequencies produced by smartphones also affect insects’ immune systems and cardiac systems that could cause their demise.

Birds and insects are pollinators. Without pollination, seeds cannot be produced which affects crop production. Farmers are highly dependent on birds for the production of their crops.

Low crop production immediately results in the heightening of the crop rates and therefore concludes in many people not being able to afford them. This results in a loss for the farmer whose crop production lessened and also for people who either are not able to afford the high rates or buy crops at exorbitant prices.

Food-Tech: Phenomenal or Deadly?

Talking about the effects of technological advancement in food science, it’s a known fact that the use of fertilizers, insecticides, hybrid varieties, irrigation facilities has enhanced food production over the years, but are these beneficial?

Below are some points explaining how these advancements have led to increasing poverty among the masses:

Irrigation Facilities for Farmers

  • The so-called irrigation technologies that were supposed to help prevent water shortage have resulted in land-salinating (increase in the salt content of the soil), leaving patches of land unusable
  • This directly impacts the farmer’s source of income

The Use of Pesticides and Fertilizers

  • The Use of Pesticides and Fertilizers makes the food produced harmful for consumption
  • They lead to low health statuses and frequent visits to doctors directly have an impact on the individuals’ bank accounts
  • Bad food products when consumed by small children, lead to frequent cases of low immunity resulting in assets expenditure by the parents, thereby giving rise to situational poverty simultaneously

The Use of Cornflour

  • Corn-flour is not considered new technology, but the present use of it can be considered as
  • Nowadays, cornflour is used in restaurants as a thickening agent and also used in water-adulterated milk to thicken the milk so that adulteration is not prominent
  • Cornflour is presently made from genetically modified maize and usage of this can hinder nutrient absorption in the body which has a direct impact on health
  • As already mentioned, low health directly impacts one’s financial status
Inventons for farmers

Inventions for farmers

  • The invention of new machines to enhance farming techniques doesn’t always benefit all
  • Mostly the farmers who can afford those inventions benefit from them, and those who can’t, don’t
  • The ones who don’t simultaneously lag being able to sell their products and lead to situational or even generational poverty
  • This directly generates a gap among the farmers. The richer ones get rich, the poor get poor
  • It’s not of question that only the distribution of new inventions evenly among farmers is the key, but many things are easier said than done.

The above were innovations in food science that showed their “great effects”. There are some inventions that everyone in society uses, and even not being a part of food science directly impacts it.

The ‘Perks’ of Luxuries?

With the rapid improvement of industries and people wanting high-tech houses, the issue of availability of land also arises.

The rich want open spaces for their homes, factories, and buildings. Their target of attaining these lands is most of the time farmer lands which they use to grow crops.

The high-tech factories which use new machines to do work cause a lot of pollution, resulting in lowering the growth rate of the surrounding environment.

High-tech factories cuase a lot of pollution

Industries pollute land, water, animal, resources directly impacting the farmers’ pockets. When big houses are built in an area, making that area better developed in many aspects due to the use of inventions, it results in the heightening of the land rates. That either hinders people from buying land or buying it at very higher rates than they could afford.

While going through the streets of any metropolitan city in India, we can see two kinds of life. One where someone can have everything they could wish for, and the other side someone who might not afford it all.

That ‘someone’ on the other side represents all those people who live in mud houses, tents and can’t afford a three-time meal. Then, in contrast, there are those who can afford it all; those people who live in bungalows, ride the best vehicles and own every luxury available.

Tricky view from both sides of the street, isn’t it? Both of these sections make a society yet it’s the same society that breaks them. The same segment of society which promotes differences in standards of living makes living a challenge for one segment of the section.

What is the challenge, you think? It is the challenge of rich vs poor.

And funnily, or rather ironically, the difference isn’t just basic like black vs white. The distinction between rich and poor goes deeper. People who are exposed to technology and innovation stand a better chance to profit. But in India, where the majority is under poverty – are such technology growth really benefiting all?

Online Market: Traditional Shopkeepers’ Worst Enemy

This is an era of online shopping, there is Amazon, Flipkart, Myntra who work like distributors and benefit highly from the sale of products that were originally not their own.

tradtional shops are dying

Buying stuff from online sellers has a direct impact on the local sellers, whose customer base got divided. Many of these local sellers are not that digitally aware and are not fully equipped on selling their products online, which thereby results in situational poverty.

Digitization helped form people across the world to bring their products in the eyes of people who were miles away from them, but its benefit to local small businesses is not seen.

The Fancy Talks of Education Solving Our Problems

So many people think that educating the masses can help the people who become destitute due to advancing technologies, but is this a legitimate statement?

To get equipped with the new inventions, people need to buy those inventions. To buy them- they need monetary resources. A person who is suffering losses due to digital shopping and selling will he invent his money on buying the already expensive inventions or will he decide to spend his money on his necessities.

Fancy talks of education solving our problems

To even educate his children, the small businessman will have to invest a huge portion of his assets to afford the high-quality education that is needed.

With no course of action that he could use to alleviate his destitution, where is he left?

Education won’t work because he needs assets, buying gadgets requires assets and if he does not do anything even in that scenario he suffers a loss.

Is there a solution to this?

‘Tech’ A Leap To Benefit The Public

Three-hundred years ago our ancestors made the mistake of valuing a foreign object more than the treasures of their own. The phenomenon is continuing with people opting for new technologies without considering the drawbacks.

Technology can both alleviate poverty or worsen it. It’s just that the alleviation is happening for people who don’t need it while the worsening is happening for people in dire need of alleviation.

Innovation - Ideal tool for the greater good or a just money-ladder for wealthy

It’s the responsibility of people to make themselves aware of the new inventions, while not losing what was already known and the responsibility of the government to make sure that people have the resources that are required to do so.

The gap between the rich and poor will keep on widening, it’s only us who can take the initiative and work on it.

Finance

CIF Number – The Only ‘Aadhar’ Of Your Bank Account

The ‘know how’ and ‘DIYs’ of the CIF number

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CIF Number - The Only ‘Aadhar’ Of Your Bank Account

If you have a bank account, you might have come across the term CIF number; at least once in your lifetime, surely.

If you don’t know what the CIF number is, then you are at the right place.

We’ve got you covered.

Let us dive deep into what a CIF number is and how it is important for the prompt working of the banking system.

What Is The CIF Number?

What Is The CIF Number

CIF stands for ‘Customer Information File’. As the name suggests, the file has a number which is known as the CIF number.

The format of the number varies with the banks i.e. different banks follow different formats for this number.

For example:

  • SBI: 11-digit
  • Central Bank of India:10-digit
  • AXIS Bank: 4-digit
  • HDFC: 8-digit

This number is highly essential for mobile banking or internet banking as this number works as the user ID. The user ID can be changed later on, but the CIF number is the digital virtual identity to every username changed in the future as well.

This customer information file carries all the banking information of the account holder in a digital form. So yes, your banker has all your banking information, that too, in detail.

So, does it imply- “Do not share your CIF number with anybody”?

Well not at all. It is not like a secret ATM pin. It is mentioned in every document related to your banking identity.

It contains information about the owner of the account, ongoing as well as previous loans, demat services, account type, account balance, and transaction information.

All the accounts you have with the bank can be linked to one single CIF number. This is useful in growing your Total Relationship Value (TRV) or Customer Relationship Value (CRV).

It is used by banks to determine how much minimum balance you can maintain, or how much credit can be given to you.

Just like the Aadhar card number gives you a unique identity, a CIF number gives you a unique banking code for all your banking needs.

This code cannot be changed as it is specially coded with all your information.

Also read: Private Company vs Public Company

Where Can You Find Your CIF Number?

There are various ways of finding your CIF number. Both offline and online.

It doesn’t matter in which bank you have your account, the process is the same for every bank.

Let’s get to it.

Offline Mode:

Passbook

This is the easiest way to find your CIF number.

The CIF number is printed on the first page of your passbook, just above the account number.

CIF number in SBI passbook
Source

Checkbook

Just like the passbook, the CIF number is printed on the first page of your checkbook. You won’t find it on the cheques.

Customer care

You can always go old school and contact the customer care number to know your CIF number.

Online Mode:

Internet banking

  1. Log in to your internet banking.
  2. Select the ‘e-statement’ option.
  3. Choose the period for e-statement.
  4. The account summary page will show your CIF number.
CIF number in SBI Online account
Source

Mobile app

Nowadays, every major bank has their app for the comfort of its customers.

You can easily find the CIF number in the app of your respective bank.

SMS E-statement

Every bank provides an e-statement at your will, it is usually through SMS, but you can opt for email.

Just send a request to customer care. The automated operator will guide you through the process.

Do You Need The CIF Number Often?

You won’t require the CIF number often, as it is mainly for bank administrative purposes.

You will need it if you wish to change your bank branch or if you wish to access mobile banking and internet banking.

Every bank you change will pass on the CIF number to the next bank. The new bank will fetch the data from this CIF number.

A loan, mutual fund, fixed deposit is managed through the existing account number usually; hence producing your CIF number all the time is not required.

CIF Number- The Aadhar For The FinTechs

The FinTech companies are evolving.

CIF Number for FinTech Companies

The services of personalized bank accounts, personal and health insurance solutions, loans, and peer-to-peer transfer of assets are being made easy and fast for the customers.

Hence, the information of the CIF number is like gold dust for the FinTech companies.

The CIF number with self-learning algorithms can do wonders to transform the financial services sector. 

In today’s world, where online frauds are the order of the day, financial data security is the need of the hour. It is time to segregate data and work more upon data privacy. CIF number is the key here.

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Cryptocurrency

Turkey Bans Cryptocurrency. Will India Follow?

Is this the beginning of the end of cryptocurrency? Or are the Turks just joking around?

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Turkey Bans Cryptocurrency. Will India Follow

Cryptocurrency is seeing a new high every single day.

A cryptocurrency like Dogecoin, which was started as a joke around the meme origin ‘doge’, is worth more than Ford today.

Morgan Stanley to Elon Musk’s Tesla- all the big companies, are overhauling their asset cycles to accommodate for cryptocurrency.

Cryptocurrency is custodian to more than $1.3 trillion of wealth by its investors.

All was going well for the cryptocurrencies. But the Turks spilled the beans to the world.

Is the ban on cryptocurrencies by Turkey an eminent move to disrupt and defame cryptocurrencies at the world stage?

Or is it just a passing shower?

Will this move by Turkey, possibly followed by a few others, send tremors down the spine of the Indian cryptocurrency exchanges?

Does the ever-confused Indian government on cryptocurrency see Turkey as the torchbearer?

Before diving into so much, we first need to know what exactly transpired in Turkey.

What if the Turks still hold cryptocurrencies after this ban? Can they still hold it?

If yes, then is the Turkish government just joking around with this ban?

Lets see.

Turkey Bans Cryptocurrency Payments

The Central Bank of the Republic of Turkey (CBRT) decided to ban the use of cryptocurrencies as a mode of payment. This was declared on April 16, 2021, and will be effective from April 30, 2021.

Turkey Bans Cryptocurrency Payments
Source

The ban was imposed because the Turkish government feared that cryptocurrencies could be used for illegal activities.

The Turkish central bank mentioned the following points in its press release, citing the reasons provoking this ban.

No Regulation

Well, this is hysterical.

The regulator itself has said that there are no regulations.

And hence, it wants to ban payments in cryptocurrencies.

“Cryptocurrencies are neither subject to any regulation and supervision mechanisms nor a central regulatory authority”, is what the first point of the press release reads.

The inclusion of this point, that too, as the first one, signifies the uncertainty and indecision that is around in the world regarding cryptocurrencies.

It is like saying- ‘we want to ban it because we don’t know what it is and how to regulate it’.

A few intelligent points followed next.

Volatility

The cryptocurrencies are extremely volatile in their price.

This is because there is uncertainty over supply of a cryptocurrency as it is in the hands of the miners. The demand fluctuates when an influential person vouches for a particular crypto coin.

Hence, the equilibrium between demand and supply of cryptocurrencies is always disrupted.

“Their market values can be excessively volatile”, says the CBRT press release.

Illegal Activities

Illegal activities due to use of crypto
Source

Cryptocurrencies have been used for funding terrorist activities and other illegal acts in the past.

This is a concern worldwide and Turkey, too, has given emphasis on it due to the cryptocurrencies’ “anonymous structure”, as per the CBRT.

But one can argue, “Is fiat currency not involved in terrorist activities?”

Every good thing that scales up to a larger proportion invites some trouble with it.

The internet is used worldwide for good purposes. But, the same internet enables a terrorist sitting in Afghanistan to coordinate with another in the USA.

Hence, though important, this stance of the Turkish government can be questioned.

Security Of The User’s Funds

The CBRT believes that “the wallets can be stolen or used unlawfully without the authorization of their holders.”

This is a valid observation, as all the cryptocurrency trading platforms and exchanges are hosted by a third party user-interface provider, or a server, or a website hosting service; whatever you want to call it, without bothering to be technically correct.

These platforms or exchanges can vanish away from the internet anytime. And it has happened in the past.

Scrupulous activities in user’s cryptocurrency wallets is not a new thing.

This has nothing to do with the blockchain technology- the inherent technology on which cryptocurrencies are based. The blockchain technology is foolproof in nature.

Irrevocable Transactions

“It is considered the use in payments may cause non recoverable losses for the parties to the transactions due to the above-listed factors, and they include elements that may undermine the confidence in methods and instruments used currently in payments,” the CBRT said.

The inherent blockchain technology makes it impossible for the transactions to be reversed once executed.

Now, this is a good facet of any transaction, isn’t it?

Reversible or revocable transactions are the medium for financial scams and frauds.

This is again one of those points which raises questions over the CBRT’s decision to ban cryptocurrency transactions.

What Did Turkey Ban?

Turkey has banned cryptocurrency from being used as a medium of exchange for digital transactions. Making payments to buyers and sellers in cryptocurrencies is banned.

Turkey has banned cryptocurrency from being used as a medium of exchange for digital transactions

Nothing else.

You can still buy, hold, trade and earn cryptocurrencies in Turkey.

What kind of a ban is this- you might wonder?

“This looks like a fuzzy ban”, you might say.

And that is what it is.

“Users won’t have a hard time making investments in digital currencies, business will go as usual”, Kemal Kilicdaroglu, leader of Turkey’s main opposition party CHP said. “This mainly targets electronic payment systems”, he added.

This ban is like handcuffing the chauffeur of a killer. And getting praises from the victim’s family.

The Turkish cryptocurrency enthusiasts (sarcastically) must be like- “So the Turkish government thinks that Turkey is the only place in the world which can accept cryptocurrency payments” and “Elon Musk is a fool”.

Kemal Kilicdaroglu criticized the government in a tweet for failing to discuss the ban with the opposition and all other cryptocurrency participants before announcing it.

The regulation should have been “communicated in a better way given the level of disinformation,” said Ozgur Guneri, chief executive officer of BtcTurk, one of Turkey’s largest cryptocurrency platforms in terms of number of clients.

Ways Out For Turkish Cryptocurrency Holders

It is not the end of the world for the Turkish cryptocurrency holders.

Cryptocurrencies can be transferred to any other user- be it from any other country.

Payments in cryptocurrency can still be made if you are purchasing goods or services from any other country where cryptocurrency payments are accepted.

If you happen to travel in any such country, you can spend your cryptocurrencies there, keeping your Turkish fiat currency intact.

Will India Follow?

As per reports, India is planning to ‘ban’ cryptocurrencies in the ‘near future’.

Will RBI, India ban use of Cryptocurrency

But there are two questions looming over:

What will the ‘ban’ really ban? And how near is ‘near future’?

Trading and buying of cryptocurrencies was banned in India for a brief period till March 2020. But Indians still held their existing cryptocurrencies safely in Indian as well as international crypto wallets during this period of ban.

The cryptocurrencies could also be transferred to one another, and also to foreign goods and services providers as a medium of exchange during this period.

This ban was lifted by the Supreme Court of India in March 2020.

But, something more is in the making this time around.

The Ministry of Corporate Affairs (MCA) has drafted a bill proposing to ban buying, trading and holding of cryptocurrency. If this bill is passed by the Indian Parliament, India will become the first leading nation of the world to ban holding of crypto assets.

This will be a big setback for the cryptocurrency investors. This will be like a bombing on the booming cryptocurrency industry in India.

The Reserve Bank of India has plans to come up with an inhouse cryptocurrency and wants to tap on the blockchain technology.

Confusion, confusion! So you want to ban cryptocurrencies; but you also want to have your own cryptocurrency.

Well, let’s wait and watch how things unfold.

Blockchain – The Technology

Blockchain Technology

Source: fullvector

Uncertainty looms over the future of cryptocurrencies in India. But, the same cannot be said for blockchain as a technology.

All cryptocurrencies run on blockchain.

The world wants to move to a decentralized platform to transact. And blockchain is the answer to it.

Also, it must be noted that blockchain, or even cryptocurrencies are not country specific. They are universal and global.

So, it is like the internet. Countries can ban a few websites on the internet, but no country can ban the internet.

Something similar can happen in the cryptocurrency space as well.

Countries can ban a few cryptocurrencies, or modify a few as per their use-cases. But, no country will ban the blockchain. And cryptocurrencies are good friends with blockchain.

Infact, it is a ‘jeeyenge to sath me, marenge to sath me’ relation between the two.

So, it is a vicious circle.

Though banned, cryptocurrencies will keep on evolving. It is a global issue which the nations want to deal with individually. How long will it sustain?

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Artificial Intelligence

An ‘Alexa’ for Doctors? Why Not? Said This Techie

He is the mastermind behind the clinical voice assistant tool. And he has a vision of having healthcare professionals with no burnouts.

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Suki, clinical voice assistant tool

Hey Google!

Hey Siri!

Hey Alexa!

Hey Suki!

We’re sure that most of you are aware of the first three voice assistants and are using those in your day-to-day life.

Now, you might be wondering what this fourth one is?!

Well, you will get to know about that in no time but before that; do you know, 

A recent study published in the Annals of Internal Medicine states that physicians spend 27% of their time consulting patients?

And do you know where do physicians spend 49.2% of their remaining time?

It is in doing paperwork! And it also includes the use of the EHR (Electric Health Record) system.

The primary reasons behind physicians’ burnout could be:

  • No help available for doctors and physicians to do paperwork
  • Clinics and hospitals are reluctant to invest in clerical and administrative support

Well, it is! It is totally related to our talks.

There is a technology that can assist the doctors in the monotonous documentation work; saves the precious time of the patients’ as well as their own.

And that technology is Artificial Intelligence (AI).

Leveraging this same technology, a US-based startup founded by Punit Soni has developed a clinical voice assistant named Suki.

Suki app on appstore
Source

It is aiming to help doctors and physicians with documentation work, and create more time for doctors to treat their patients, which is indeed their primary job.

A brilliant move of technology into the healthcare system, don’t you think?

Also read: Top Impactful Crypto Projects in 2021

The Beginning of Suki

Suki Co founder, Punit Soni
Source

The co-founder of Suki, Punit, is a techie guy who has served as lead project manager for 8 years in Google, and chief product officer in Flipkart.

He was mainly into the development of mobile applications and games.

So, how did this nerdy techie get introduced into the healthcare system?

It was when he shadowed the doctors in a clinic.

When he was in the clinic, there was a stressful situation wherein many patients were getting treated, and many intense works were taking place.

In such a situation, the most distracted persons he could find were the doctors!

Why?

Because he found them immersed in the documentation work instead of treating the patients.

This was when he came up with the thought of creating a tool that can assist the healthcare professionals in doing the paperwork. And hence they could focus on their patients with more care and empathy.

And in 2016, Punit started his journey in the healthcare industry by launching Suki.

A Much-Needed Tool for Physicians

A Much-Needed Tool for Physicians

How does Suki work?

This clinical voice assistant records, transcribes, and organizes doctors’ conversations with their patients. And then, it completes the data entry that is required for EHR.

By taking care of this tedious documentation process, Suki has enhanced the relationship between a doctor and a patient.

As per a recent white paper published by Suki, this voice assistant has increased the time spent by the doctors with their patients by 12% by cutting down the note-taking time by 76%.

This is undoubtedly a win-win situation for both patients and doctors.

How?

When a happy and stress-free physician spends more time with the patients, treatment would be more effective. And that would cause faster recovery.

And for the doctors, the application of voice assistant brings a financial benefit of  $30,000 or more a year on average.

And hence, Suki, as a tool, has improved the healthcare system by  :

  • Structuring the format of the healthcare management
  • Happier physicians with no burnout
  • Increase in the profit of healthcare organization, and
  • A better outcome for patients

In one of his interviews, Punit expressed that the feedback from the CIO (Chief Information Officer), CMIO (Chief Medical Informatics Officer), and administrators were critical for Suki.

But what mattered to him the most was how Suki would help physicians work professionally and make their lives easier.

He is undoubtedly the rarest technology professional who realized that physician burnout is the most critical public health crisis that had to be addressed.

The Challenges He Had to Face

The Challenges faced by Suki founders
Source

The journey of Suki was not a cakewalk.

Punit, and his technology team, had little to no idea about how a day would be like in a physician’s life, or they couldn’t spare time to observe and study their workflow.

So, to get access to the data that would help him develop Suki, he took physicians onboard as his colleagues.

Was it an effortless task for him to recruit and keep physicians in his team?

No, not at all.

It became difficult for Punit to create a workspace that could be ideal for both physicians and techies.

But he knew that to make Suki a success, both technologists and physicians had to work hand in hand. Therefore, even though it was challenging to understand each other’s work culture, ethics, and process, it was all worth it in the end.

The next challenge ahead of him was getting permission from physicians to introduce Suki in clinics and hospitals.

But most of the physicians did not agree to use the tool that was built only for them.

Why?

Before Suki, the technology field had developed many tools for physicians but not keeping them in mind.

These tools, instead of easing their work, added more burden on them. They used these tools only because the system forced them to do so.

When Punit approached them with Suki, most of the physicians were hesitant. But he assured them, saying that, if they used it, from day 1, their time spent on paperwork would reduce by 50 – 70%.

And guess what?

Physicians and the healthcare system agreed to welcome Suki.

And hence, it got its entry into the healthcare industry.

Even after Suki’s successful launch, Punit had to address questions regarding his intention behind this tool.

“Are you going to replace doctors with Suki?”, many curious people couldn’t resist but ask him.

He replied with an explanation that Suki has no intention of replacing doctors. But only to assist them so that they could do their job of treating their patients in the best way possible.

How could anyone think of replacing our super strong-minded professional folks, isn’t it?

What’s New in Suki?

Suki gets constant updates
Source

“It was a tough job to make Suki a reliable, seamless, perfect and consistent tool for healthcare, where one can not entertain mistakes,” says Punit.

He has plans of scaling up Suki and making it even more reliable and efficient.

In this direction, Suki has come up with a newly updated platform that incorporates data collected by Suki and teaches the AI to respond to the users faster and accurately.

And that is S3 or the Suki Speech Service platform. With this new upgrade, doctors can communicate with Suki casually, without confusing it.

Punit has a vision of making Suki an invisible and assistive tool to the healthcare professionals, and hopes that many technologies would show up to upgrade the healthcare industry.

We, at TBM, wish the team of Suki all the best for future endeavours. And hope that Suki would bring a smile on each physicians’ face because they deserve it.

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