Business leaders and Technology experts discuss future technology trends impacting the BFSI sector
Map The Future Dialogue
MapmyIndia in association with TechGig hosted an exclusive ‘Boardroom Dialogue’ on 10th May 2018 at Times House in Mumbai. The event witnessed the industry thought leadership from leading banks, insurance & financial to discuss the critical importance of location intelligence in the BFSI domain. MapmyIndia was pleased to welcome senior executives from leading companies at, “Map the Future” dialogue, focused on Banking, Financial Services, and Insurance.
“Why location matters in BFSI sector” Have banking services become commodities due to growing competition with the requirements of the customer going diverse. The session deliberated on how location is envisioned in the BFSI growth story. ‘Costs, Privacy, Customer Analytics, Risk & Use of Artificial Intelligence” dominated this boardroom discussion.
Location is important to build data layer. Overlaying market potential on current transaction data will help to identify top markets for penetration. Companies in the BFSI sector are investing heavily in Financial Technologies (Fintech) and the addition of location layer is becoming critical, especially for banks, to track the consumer footprints. Shivalik Prasad, Executive Director, MapmyIndia stressed on the transformation of banking sector — automation, digitization and visualization rendering obsolete, the concept of traditional banking from i.e. checkbooks to RTGS and online.
“It is essential to adopt new technologies to understand your users and deep dive to build customer intelligence data. Using artificial intelligence along with geotagging to know customer intent will help develop authentic consumer profiles”.
Geo analytics as a part of location technology is useful for Market penetration and Gap analysis. It helps executives to identify and validate the potential of new market opportunities, current position, success capabilities and investment criteria for a new product or service launch. Insights into customer transactions and behavior help to create customer profiles and are useful in planning and risk mitigation. “Understanding location-based transactions for lending are becoming important for credit models.
MapmyIndia is providing the location layer to bridge the gap between the physical and the digital world. With the government push, the trends in Indian banking and financial sector are increasing exponentially. Marrying the customer information data with banking will offer data based on location intelligence and that would bring in the intelligent use of location in workflows and processes with artificial intelligence. This hybrid data, thus collected, would be the best indicator of growth in the financial sector.
MapmyIndia, with its power of maps & location based IoT solutions, is addressing the needs of organizations in the space of Journey Risk Management. The solution addresses in identifying locations & intensity of static & dynamic hazards, determining impacts & assessing associated risk scores of the routes as well as of the drivers. An increasing number of applications in the transportation industry rely on the availability of accurate high definition digital maps, describing the road network geometry with attributes such as; absolute height, slope, sharp turns, road width, speed limit, number of lanes,
stop sign, zebra crossing, traffic signal, blind turns & pedestrian. The role of spatial correlation further analyzes the spatial viability of emergency services offered for Journey Risk Management. Map identification of the accident-prone zones, hospitals, police stations, fuel stations etc. along the roadways using digital mapping helps with planning, response & recovery efforts, and situational awareness. The high definition map applications and getting information on telematics data from onboard sensors and IoT devices enhance spatial perception. Building rich 3D maps using HD map, Lidars & sensor data attributes, provide recognition and situation awareness to In-vehicle systems & drivers.
To build these High Definition 3D maps with Information about the road infrastructure and potential risks of driving on different routes as well as driver behaviors, MapmyIndia possesses the complete state-of-art technologies that include advanced car survey, Real-View Survey, IoT devices and smart mobile applications. Efforts to enhance road safety are based on the engineering and evaluation of road infrastructure where digital mapping plays a crucial role for safer roads.
Giving a reality check on what the risks are and how using high definition digital map applications address the challenges of the road journey, MapmyIndia participated on the panel of “Journey Risk Management in Roadsafety” at Federation of Indian Chambers of Commerce & Industry (FICCI) event “Role of Corporates in Road Safety” Rishin Kalra Senior Vice President, MapmyIndia, gave insights on the spatial perspective of the Journey risk management with future of high definition maps and telematics data as a part of its products & solutions would play a big role to mitigate road risks and serve the society at large
The 2018 edition of the Auto Expo has had been an engaging experience, considering the motor show witnessed most of the players of the automotive industry which are also MapmyIndia customers and we are proud to be associated with them.
The event took place between 7th – 14th February 2018, at India Expo Mart, Greater Noida. We were a part of the main event where we were exhibiting our consumer products and also our innovations for automakers who are absorbing newer technology and are adapting to solutions that suits the rugged Indian conditions.
MapmyIndia unveiled the “MSMP” (MapmyIndia Smart Mobility Platform), an innovation to define a connected vehicle strategy, integrate a range of technologies with better maps, build data analytics solutions and give impetus to developing safe, efficient and convenience in the smart mobility development. The solution covers applications in vehicle diagnostics, mobile integration, safety, passenger convenience & comfort, fuel efficiency, driver behaviour and more.
It is always good to be a part of the industry trending in style and innovation, giving us opportunities to provide them with solutions and defining and improving our own innovation strategy. We look forward to keep our customers happy and giving them always what we are the best in “Making the world better with maps and location technologies”
Know more at: http://www.mapmyindia.com/
MapmyIndia is proud to be integral part of the geospatial ecosystem. We were the co-sponsors at the Geospatial World Forum 2018, Hyderabad, from 15 January 2018 – 19 January 2018. An industry annual event, a global forum for all the thought leaders, eminent personalities, major industry segments all those, integral part of the geospatial industry.
A lot of on going initiatives have been introduced recently from within the geospatial Indian industry and by the Government of India. Coupled with the new emerging areas being targeted for expanding services, the geospatial sector is poised for an explosive growth within and outside India.
MapmyIndia’s leadership was on the event panels sharing stage with eminent thought leaders and key note speakers from across the world.
Rakesh Verma, Managing Director & Co-founder MapmyIndia – Location Analytic and Business Intelligence: Leveraging mainstream IT and Financial Market.
Shivalik Prasad, Executive Director, MapmyIndia – The Power of Spatial Data
Sapna Ahuja, COO MapmyIndia -Connected Industry and Enterprise: Role of AI & IoT
Shishir Verma – Sr. Vice President MapmyIndia – Spatially Connected Governance
Mr. Verma, featured in “Geospatial World Leaders Outlook” with belief on “Cost and ease of use being primary factors”, location becoming integral part of geospatial transformation”. He said “Entering the new industrial revolution driven by Big Data, IoT, AI and cloud, geospatial industry is all set for a high exponential growth MapmyIndia is fully geared to be a part of this growth story”.
GWF 2018 was also the launch platform for MapmyIndia’s state of the art technology products that not only got attention of GWF-2018 but was hugely covered by the national and local media.
Powered by India’s most reliable and accurate maps, MapmyIndia has geared up to provide navigation solutions for the two-wheeler’ market segment.‘MapmyIndia Map Engine’ is a product designed to geo-enable applications and solutions for Enterprises and Government with a faster turnaround time. Mr. Rakesh Verma in his interview to various national and local media, informed on company’s endeavour to keep providing better maps that will benefit businesses, consumers, and individuals, thus leapfrogging India in this technology space successfully.
We are delighted to be featured by Times of India, The Hindu, NewsOlive, Indian Express, Livemint, The Financial Express, Business Line, Geospatial World Forum, Silicon India, Daily Pioneer, Auto-NDTV & various other Regional Newspapers.
Know more on MapmyIndia products & services: www.mapmyindia.com
Diwali the festival of light, brought everyone together at MapmyIndia. At MapmyIndia we celebrate life creating the aura of peace, happiness and prosperity.
The entire office was decorated with flowers, light, rangoli and lamps. Dressed in traditional Indian attire we celebrated the rich culture of India. The celebrations had started by offering our tribute to Lord Ganesha by presenting few melodious songs. Followed by some amazing performances from MapmyIndians. The celebrations builds the spirit of unity, giving value to every MapmyIndian with the feeling of festivity.