Revolutionary Entrepreneurship & Importance of Building Valued Products
Delhi: With the progressive digital mapping and location technology that allows navigation with ease in this current age has been possible because of a transformations like that by MapmyIndia- (Make in India Company) founded long before people even knew about internet.
Prior to the time mobile phones made maps ubiquitous, the company founders; Mr. Rakesh Verma and Mrs. Rashmi Verma realized the importance of upcoming need for digital maps and took a bet on the emerging internet space in early 1990s.
Working to develop the products along with understanding the need to be able to work on low profits at the initial business growth stage, the company invested in employees and technology. This crucial practice thereby led to building strong partnerships and loyal investor relationships. The company has evolved and expanded the business rapidly by following core values and practice of creating valued products, by the adhering to build well-organized intellectual property database.
Now, with large contracts with automotive, E-commerce and government entities providing steady revenue and profit. MapmyIndia brings about new products and solutions constantly. The company is at this point is also working on a digital address for everyone and have partnered with the income tax and postal departments.
As stated by MapmyIndia’s MD & Founder Mr. Verma, the practice of building a long-term product which is valuable to the people helps in staying in the sustainable business for a long period of time, especially by entering a business where there are entry barriers for others.
The government is planning towards digitally mapping all the addresses in the country, whether residential or official. MapmyIndia’s eLoc, India’s first Nation-wide Digital Address will transform historical addresses and disrupt traditional mapping and navigation services, bringing immense convenience to individuals and significant benefits to businesses and governments across India.
The pilot project is being carried out by the Department of Posts (DoP), which comes under the purview of the Ministry of Communications. Department of Posts will allot a six-character alphanumeric digital address for every property and create eLoc or eLocation. – Once mapped, the addresses will be linked to information like property and ownership details, property tax records, and details on utilities like electricity, water and gas.
Mr. Rakesh Verma, Managing Director, MapmyIndia informs that benefits of eloc will help travelers and commuters search, share and navigate to doorstep destination. It will also reduce time, money, fuel wastage and expenses for businesses in the e-commerce, transportation, logistics and field operations domains”.
Times of India Nov 16, 2017
The department of post – which is under the ministry of communications — has ordered a pilot project that will accord a six-character alphanumeric digital address for every property for three postal pin code locations. A simple, standardized and precise pan-India digital address system , includes over 2 crore eLocs of individuals, businesses and government set-ups (properties, flats, buildings, residences, houses, offices, businesses, tourist points of interest, villages, localities, cities, roads etc) across urban and rural India.
Accessing and integrating these eLoc data, MapmyIndia MD, Rakesh Verma said, “eLoc will help travelers and commuters search, share and navigate to a destination’s exact doorstep far more easily and quickly. It will also reduce time, money, fuel wastage and expenses for businesses in the e-commerce, transportation, logistics and field operations domains”.
MapmyIndia, India’s leader in digital maps and location technologies and Reverie Language Technologies, a pioneer in language technology solutions have partnered & localised the entire map of India. In terms of product, they have collaborated on the existing MapmyIndia platform, to localize India’s largest repository of digital map data built by MapmyIndia over the last 20 years, and on a new language basedintelligent keyboard app, with map intelligence and assistance integrated, called ‘Hey Map’ (https://play.google.com/store/apps/details?id=com.mmi.heymap). This effort should enable all billion Indians to benefit fully from map and location information, regardless of the language, app or website they are comfortable using. It allows uses to easily enter MapmyIndia’ revolutionary new eLoc, which shortens and simplifies any complex and confusing long Indian address into 6 alphanumeric characters, into the address input field of any app or website, be it an ecommerce, taxi or food delivery app, and help in enabling accurate and efficient doorstep directions, deliveries and drop-offs across India.
“Hey Map, show restaurants nearby?” or
“Hey Map, where am I?”
to discover what is around you or where you are. MapmyIndia’s 6 digits alphanumeric eLoc code will also allow anyone to share their location over any application which can then be seen on any browser or MapmyIndia’s app, or right from the ‘Hey Map’keyboard app.
MapmyIndia’s current products are used by 5,000+ enterprise customers and 10 million end consumers. Its eLoc product is India’s first nationwide digital address system, which has transformational potential in the private and public sector.
Reverie Language Technologies has processed more than 2 billion words on its proprietary Language-as-a-ServiceTM (LaaSTM) platformin major Indian languages and has delivered language solutions on more than 1 billion devices for major mobile and chipset manufacturers in more than 50 languages, globally.
Significant technological advancements were made for this app by both MapmyIndia and Reverie to ensure seamless functioning.
With this platform, end users will gain from a holistic and seamless experience in doing the following:
“Hey Maps, show restaurants nearby?” or
“Hey Maps, where am I?”
Speaking on the partnership, Arvind Pani, Co-Founder & CEO of Reverie Language Technologies said, “MapmyIndia has been a frontrunner in enabling accurate digital map usage in India. However, since India is a country where only 4% Indians are fluent in English and the dialect changes every 40 kilometres, it becomes imperative to take languages into account for enabling a truly efficient navigation solution. We hope this will be used extensively by businesses, the government and Indians for a truly delightful experience in a language of their choice.”
Commenting on the partnership, Rohan Verma, Executive Director & Chief Technology Officer of MapmyIndia said, “ Since we began digitally mapping India 20 years ago, we have wanted to bring the benefits of digital maps to everyone i.e. all 125+ crore Indians, as well all 5+ crore big and small businesses, and 7 lakh plus governments across each village panchayat, municipal corporation, district, state and the centre. We have been able to do this by making our entire All India map data repository multi-lingual and integrating that into our comprehensive, flagship Map app across mobile and web platforms (http://maps.mapmyindia.com) and our all new Hey Map keyboard and voice assistant, which allows consumers to use MapmyIndia within any other app or website by simply switching to the truly local ‘Hey Map’ keyboard. Users of Map and Hey Map can save 30% time and money every day by getting and giving doorstep directions, deliveries, and taxi drop-offs using eLoc, our revolutionary new nation-wide door-step level digital address system that shortens and simplifies any complex and confusing Indian address to 6 alphanumeric characters (e.g. c-2/149a Janakpuri, new Delhi become simply 8GDTYX), in the language of their comfort. We believe this will rapidly be adopted by millions of consumers and also app developers, businesses and government organisations looking for the best, most localized and most efficient and effective map-powered experience for their daily lives, as well as business and governance initiatives. We are so excited to partner with Reverie, another best-in-class pioneering organisation, for a truly Made in India, Digital India, Best for India solution”.
(Website: http://mapmyindia.com, eLoc: http://eloc.me/mmi000)
MapmyIndia’s mission is to make the world better through maps and location technologies. Founded in 1992, MapmyIndia is India’s leader in premium quality digital map data and APIs, GPS navigation, tracking, location apps, and GIS solutions.
Headquartered in New Delhi with offices across India, MapmyIndia is an ISO 9001-2012 company with 750+ people that pioneered digital mapping in India. Since 1995, through continuous efforts of its 400+ professional field surveyors and state-of-the-art mapping technology and its own private investment of Rs 200+ crore into cutting technologies and professional map building processes, which includes its revolutionary RealView service that captures, analyses and publishes the world in 3D and 360-degree photo-realistic clarity, MapmyIndia has built its proprietary MapmyIndia Maps, the most comprehensive, accurate, reliable, full-featured, professionally created and continuously updated digital map data set IP for all India, including the game-changing eLoc digital address innovation, a 6 character code for every doorstep across India, which are used for a wide range of applications including Navigation, Telematics, Autonomous Driving, Geographic Information Systems, Location Based Services and Smart Cities. MapmyIndia powers 5000+ enterprises, 80% of car with in-built navigation in India run on MapmyIndia, 10,000+ developers build on the MapmyIndia stack, and MapmyIndia has successfully served over 10 million individual end users and customers.
MapmyIndia makes not just the most advanced, accurate and detailed maps of India, but also the best GPS-based IoT (“Internet of Things”) devices optimized for use in vehicle, asset and personal navigation and tracking, market-leading location-based enterprise SaaS (“Software as a Service”), popular and delightful hyper-local mobile and web consumer apps, including maps.mapmyIndia.com, India’s very first and most detailed, accurate and comprehensive interactive online mapping portal, and NaviMaps, the best offline GPS navigation app for India. Enterprises, startups and developers can infuse rich and valuable location intelligence into their own apps, IoT devices, solutions, systems and workflows by integrating with the MapmyIndia Stack, which is India’s best and most powerful set of data, APIs, professional services and customized solutions covering maps, navigation, tracking and location analytics. MapmyIndia’s developer platform, AppmyIndia (http://appmyindia.com), already powers tens of thousands of developers, startups and technology deployments by marquee public and private sector enterprises across 4 themes – Smart Cars, Smart Businesses, Smart Governments, and Smart Consumers – and is focused on enabling the entire ecosystem to transform India and leapfrog it to the forefront of the digital world.
About Reverie Language Technologies:
Reverie’s vision is to promote Language Equality on the InternetTM. It was founded in 2009 by Arvind Pani, Vivek Pani and S.K Mohanty, and is led by a strong R&D technology team that builds technologies to bridge the language divide in the digital world. Reverie works with OEM & chipset manufacturers, enterprises (Consumer Internet) and the developer community.
Reverie’s Language-as-a-ServiceTM (LaaSTM) cloud platform provides localisation services such as local-language translation, transliteration, device input, and search through a set of APIs. The platform integrates with business infrastructure (websites and apps) to enable end users to consume digital content in their preferred language in multiple languages, real-time.
Reverie serves the consumer Internet space (online retail, e-commerce marketplaces, travel, media & entertainment), banks and financial services, e-governance, across millions of devices.