Global e-Commerce markets have touched $3.46 Trillion online in 2019, up from $2.93 Trillion from 2018, as per a forecast published by Digital Commerce 360. This global scenario certainly looks promising, with a rosy picture being portrayed about its future prospects. Yet when you look at individual organizations, there are only a handful of organizations that are making money. If you look from the Indian context, it stood at $39 Billion in 2017 and is expected to grow at a rate of 51 percent, to $120 Billion, as per a report from IBEF.
With so much upside potential for growth, it is obvious to expect a heavy inflow of investments. As of 2019, if you look up for a profitable eCommerce venture, you will hardly find any. Despite so much potential and growth, not a single eCommerce company in India has been able to form a sustainable profit venture. In fact, even in 2019, both Amazon and Flipkart made losses to the tunes of thousands of crores. An obvious first thought here is, have these large corporations planned out their business model before investing heavily? These MNCs would certainly have made some definite plans for the break-even point. With this idea, let’s look at some of the methods eCommerce companies make money from and are these methods good enough.
Continue reading Is the eCommerce future oversold in India?
Disney surprised many people last year, when they announced to become an OTT (Over the top- similar to Netflix) player. This streaming service, also known as Disney+, would stream some famous brands from media industry. It was a surprise since Disney earned millions of dollars by selling its content to various distributors. Now, Disney was not only going to lose earnings from distributors; but also going to invest billions of dollars in starting a new medium of delivery. Disney had a deal for its movies, with Netflix of $300 million in 2012. Somewhere around 2015, it started to become evident that Netflix was eating up the cable channel business of Disney. Disney had to decide between making more money from streaming services or create its own.
While Disney had to make this decision, money was never a challenge and neither was original content. Disney generated a healthy business of around $60 billion and profits around $10 Billion. They have the content of around 500+ movies and 7500+ episodes from TV. Disney decided to opt for streaming service keeping long term future in mind. Let’s look at some key reasons why Disney opted to be a streaming service itself rather than rely on others.
Continue reading 3 reasons why Disney chose to start their own Streaming Service
Now that you have done all the hard work in identifying the set of problems to address and have also got the required approvals. It is now the time of defining when and how are you going to ship these features. The frequency of releases and the features you ship with them shall play a pivotal role in the success of your product.
Many organizations have a formula of release bus or a train which you need to catch to ship the feature. You need to plan your dates and tasks in a way that you do not miss the defined bus/train. These Release bus or Train, also popularly known as the Release cycles have evolved over many years.
Let’s look at some of the release cycles that exist and also some of its pros and cons. These shall help you in how should you define release cycles for your product or help in streamlining existing processes.
Continue reading How often should you ship your product releases
Microsoft Outlook is used by over a billion people. A billion users is a mark achieved by a few software vendors. Most of these software vendors are either new age or social media. Outlook, on the other hand, is relatively old and has a strong sustained user base.
Outlook has iteratively been adding various features. This strategy has ensured that Outlook stays competitive and relevant enough to strengthen its position. Recently they announced that soon, you would be able to listen to your mails using Cortana. You are driving to work or having your lunch, you can make it productive at the same time of continuing your routines.
Most people use Outlook for setting up their office schedule and meetings. If you look at some of the statistics published
Continue reading How Outlook and Cortana Integration could help improve efficiency