The 10 Most Reliable Risk and Compliance Tech Solution Providers, 2019 by Mirror Review

Lead Feature The Severity Of The VUCA World On The Corporates. What It Demands From Their Leaders?

ASSURANCE PLATFORM

EDITOR’S LETTER Global cyber regulations are increasing, and its forcing boards of directors to take an active role in all matters of the company’s business, especially in the areas of compliance with the local government laws and industry regulations. Likewise, investors are more inclined to invest their money in companies with a strong reputation for regulatory compliance. Large scale developments in compliance regulations and increasing competition among companies to uplift their reputation by complying with maximum regulations are further amplifying the signiﬁcance of risk and compliance.

ASSURANCE PLATFORM

The increasing importance of Risk and Compliance among businesses

Seeing the essentiality of risk and compliance in various verticals across the world, the team of Mirror Review is proud to present our latest magazine issue of “The 10 Most Reliable Risk and Compliance Tech Solution Providers, 2019”, featuring Ignyte Assurance Platform™ as the cover story. The CEO, Maz Aulakh built Ignyte with a mission to assist clients in managing complex compliance standards, thereby making their businesses “future proof”. Looking at the inside pages, you will be introduced to rousing stories of handpicked risk and compliance tech solution providers who are contributing to various leading sectors with their extraordinary solutions and services. Considering the current market swings, we always strive to gain insights from industry experts and bring their views to our prestigious leaders. This time, we have Biraja Prasad Nath, the Founder and CMD of Nirmalya Labs, stating his experienced thoughts on the utilization of “Analytics for Power Transmission and Distribution.” Finally, in the article section, we are privileged to present you two of the most comprehensive articles on the “VUCA World” and “Modern Technologies that are Altering Human lives.” I hope you will enjoy reading this magazine issue. Happy Reading!

Mayur Shewale Assistant Editor

CREDIT PAGE Publisher : Archana Ghule Editor-in-Chief : Vikram Suryawanshi Managing Editor : Anuja Mulmule Assistant Editor : Mayur Shewale Contributory Writers : Bansidhar Tigga Deepali Sarwade Business Development Manager : Anagha Acharya Project Managers : Anand Ghodke Jacob Eddy Art Director : Vinod Alhat Visualizer : Mark Davis Graphic Designers : Poonam Magdum Sumit Bonage Aniket Diwane Sakshi Bendre Head of Distribution & Production : Aakash Mahajan Head of Operations : Robert Smith Research Analysts : James Adams Maria Smith David Thomas Advertising : Jacob Eddy

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Expertsâ&#x20AC;&#x2122; Views

Nick Treasure three6five

The Evolving Enterprise Internet

Biraja Prasad Nath Nirmalya Labs Private Limited

Leveraging Analytics For Power Transmission And Distribution

COVER STORY

Ignyte: Bridging Cyber Assurance Gap With Transformative Risk Management Engine

18 Allgress, Inc.

Aparajitha Software Services: MAKING CORPORATE INDIA COMPLY

Helping Organizations Reduce Their Business Risk With Less Complexity And Cost By Delivering Integrated Risk And Compliance Management Solutions

30 Corlytics: Helping Companies Drive Successful Regtech Adoption

32 inCyber Compliance:

4Tune Engineering:

Enabling Risk Management Throughout Life Cycle With iRISKâ&#x201E;˘ Platform

Automating And Simplifying Complex Cybersecurity Compliance Guidelines

Articles Lead Feature

The Severity Of The Vuca World On The Corporates. What It Demands From Their Leaders?

Mega Trends

6 Modern Technologies That Are Altering The Human Lives

Max Aulakh

CEO

C OV E R ST O RY

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Bridging Cyber Assurance Gap With Transformative Risk Management Engine

COVER STORY

ecent cyber security meltdowns in some of the leading sectors of the world have led to a higher demand for security requirements. It has become more expensive and resource intensive to protect financial assets like payment card data and personal health information. This scenario has therefore developed an innate need for a higher level of risk management. In terms of regulatory compliance, the New York Department of Financial Services (NYDFS) has placed new cybersecurity requirements on all covered financial institutions and Europe’s legislation for General Data Protection Regulation (GDPR) has increased data governance regulation on a global level. Currently, as daily threats are drastically increasing, cyber regulations are also becoming more complex. In addition to this situation, there is a scarcity of security teams who have the experience to combat advanced cyber-attacks. And the regulatory compliance has also become an essential aspect in the risk management process. The Ignyte Assurance Platform™ was built to manage such complex compliance standards like PCI-DSS. It was started in 2012 as a services firm named “MAFAZO” to address the increasing flaws in cybersecurity. From its very early stage of foundation, MAFAZO established strategic relationships with the U.S Department of Defense Agencies. Similarly, it has partnered with companies across the US in the commercial sector to help them develop and implement best practices related to security, data governance, risk, and compliance. Transformation from MAFAZO to Ignyte The partnership with defense agencies enabled MAFAZO to largely focus on defense. And as the company grew, it felt the need for a system to enable its clients to become more

self-sufficient in gathering and managing their security environment. Therefore, MAFAZO rocketed ahead to create a platform to assist with data collection, analysis, and streamlining processes across multiple security at once and changed its name as Ignyte Assurance PlatformTM. Today, it is also working closely with several prestigious healthcare institutions such as Cincinnati Children’s Hospital Medical Center, Allina Health Network, Premier Health and many others in the sector. It is enabling them to effectively manage and protect patient health records and comply with HIPAA standards. In April 2018, Ignyte started providing its risk management solutions and integrated risk management solutions which simplify compliance across regulations, standards, and guidelines across organizations. Currently, large numbers of clients are adopting the Ignyte platform due its comprehensive benefits. Benefiting Clients with the Provision of Ongoing Assurance to their Management Ignyte helps clients in adopting the Ignyte platform to provide ongoing assurance to their organizational management. Presently, its clients are shifting from manual processes, legacy technology, and systems designed for general compliance to internet scale cyber security issues. To match their changing inclination in risk management, Ignyte’s unique datamodel offers up to 10M datapoints. Moreover, it has integrated this datamodel with natural language processes for a much faster regulatory analysis and intent mapping between several regulations. Similarly, Ignyte uses the same technology to map intent down to potential exposures and risks for organizations. The company is significantly doing these tasks at a very large scale with more speeds as compared to age-old legacy platforms.

Our Ignyte platform, Ignyte is the ultimate translation engine for simplifying Compliance across regulations, standards, and guidelines.

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We are the leader in collaborative security and integrated GRC solutions for global corporations.

Ignyte’s GRC and integrated risk management automation specially developed for up and coming auditors, legal officers, and security officers helps them to set standards on usability and remove barriers to adopt enterprise wide business process automation risk and compliance software. Today’s organizations are relying on legacy platforms with hidden software development costs. Ignyte helps such organizations to see value fast, improve their GRC experience, and make smarter business decisions. It simply serves the Chief Security Officers, Legal Officers and Risk Officers by leveraging its expertise and service enabled platform. Additionally, the team of Ignyte and its CEO works closely with regulatory bodies and auditors to help their clients effectively manage risks. CEO, Developing Strategy and Directing the Company towards Success Max Aulakh, the CEO of Ignyte Assurance Platform strives to develop a good company culture at Ignyte and focuses on building strong industry partnerships externally. While sharing his thoughts about his current work and responsibilities, Max says, “I love what I do, but I do miss getting my hands dirty and doing actual risk management work. It is why I started this company.” He says that because he actually trained and excelled in the United States Air Force. Thereafter, he drove the Information Assurance (IA) programs for US department of Defense (DoD). As the Senior Consultant for a major Defense contracting firm, Max lead a team of consultants that helped datacenters successfully pass Air Force Level Security audits for HIPAA, SOX & FISMA Regulatory requirements. Today, Max leads Ignyte, with his world-class team of cyber assurance and software professionals.

Ignyte’s Differentiator: Integrated Risk Management vs GRC Making the shift from Governance, Risk and Compliance (GRC) to Integrated Risk Management (IRM). Just one more way that Ignyte can helps their client’s “future proof” their businesses is it’s thought leadership and best practice guidance in the industry regarding IRM adoption. IRM goes beyond the traditional, compliance-driven GRC technology solutions to provide actionable insights that are aligned with business strategies, not just regulatory mandates. IRM Eliminates Silos & Promotes a Security-Focused Culture - In a digital world where every employee operates a computer, cyber security and compliance are now everyone’s responsibility, from the C-suite down to the reception desk, and even extending to third-party vendors. IRM fosters a top-down, security-focused and risk management-based culture throughout the organization, eliminating silos and enabling organizations to identify situations where a risk factor in one area affects other areas. IRM Improves Effectiveness & Cuts Costs - IRM identiﬁes redundancies and inefﬁciencies in organizational GRC and cyber security, allowing organizations to eliminate processes that add no value, allocate funds and human resources more effectively, improve GRC and cyber security functions on all levels, and free up employees to work on projects that further the organization’s goals. IRM Uncovers Opportunities - Risk isn’t always negative; businesses need to take risks to grow. By integrating risk management into overall organizational strategy, IRM treats risk management as a business driver, not a business cost. It allows organizations to see how risk management,

COVER STORY

We partner with the leading content providers, domain experts, and risk management professionals in our industry.

compliance, and data security can further their business goals and uncovers opportunities to take calculated risks. Healthcare Case Study: The Ignyte Assurance Platform Transforms the Compliance Management Process The Ignyte Assurance Platform enables Healthcare systems to more easily and efficiently manage the growing amount of regulatory compliance requirements they are mandated with each year. Security governance teams in the healthcare sector are continually challenged to find creative ways to improve the overall security posture without disrupting the culture of learning and discovery. Part of ensuring this security posture are regular audits mandated by NIH and other regulatory bodies. These hospitals and healthcare systems have regulatory compliance requirements that are manually tracked and stored in disparate locations. Companies end up building custom labor-intensive audits from scratch or cut and pasted content from previous versions. Additionally, with the regulations continually being updated, they need a reliable method to keep current on the changes and adjust policies and processes to meet new requirements. Ignyte’s customers use the platform to automate the workflow across the multiple frameworks they were once attempting to manually manage. Ignyte also provides the automated control mappings they need to stay current on critical, new regulatory requirements. In just a few months,

client’s will begin to streamline their internal processes, map critical applications, and manage the integration of controls across multiple security frameworks. They now have a central repository for storing evidence. Each piece of evidence is now tied to a control and could be easily produced for auditors on demand. The platform allows you to create a high-level system that encompasses your entire environment. It can connect to any environment that embraces that.”, says Max. Gearing up with Continuous and Dedicated Teamwork Max believes that employees are the lifeblood of a company. He adds that his R&D team has worked tirelessly for the last two years to build out Ignyte platform which will serve next-generation leaders of modern organizations. Meanwhile, their sales and marketing teams have been continuously strategizing on reﬁning Ignyte key message to the market and value delivery to the clients. According to Max, the biggest challenge for Ignyte is to enable its channel partners to succeed in their GRC and Integrated Risk Management. Sharing his upcoming plans, Max said, “GRC and Intergrated Risk Management is a complex space and requires many different types of expertise. We plan on hiring more folks this year to help overcome some of these challenges.” Similarly, the CEO plans to hire anyone who has a passion to work within integrated risk management regardless of their age and generation as it’s the outdated factor in the cyber risk management industry.

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Company Name

Company Info

4Tune Engineering Jose C Menezes Founder & CEO

Established in 2004, 4TE develops state-of-the-art IT solutions focusing on operational excellence. It facilitates companies to decisively improve the entire life cycle of their products and processes with intelligent and industry-proven solutions. www.4tuneengineering.com

Allgress, Inc. Jeff Kushner Chief Marketing Ofﬁcer

Allgress is a global provider of automated next-generation integrated IT Security, Compliance and Risk Management Solutions for organizations and their business partners to meet business risk objectives. www.allgress.com

Aparajitha Software Services Nagaraj Krishnan Managing Director

Aparajitha Corporate Services Private Limited, is a leading Knowledge process outsourcing company offering HR Compliance Services. www.aparajitha.com

Corlytics John Byrne Founder & CEO

Corlytics Ltd. is one regtech leader which recognises the importance of being focused on successful adoption. The company, which works with banks and regulators across the globe to examine regulation as a risk, believes this is when customers will be able to experience the full power of advanced new technologies. www.corlytics.com

Corporate Research & Investigations Private Limited Zafar I. Anjum Group CEO

Corporate Research and Investigations Private Limited, hereinafter called “CRI Group” has safeguarded businesses from fraud and corruption, providing integrity due diligence, employment background screening, third-party risk management and compliance and other professional investigative research services. www.crigroup.com

DataGrail Daniel Barber CEO & Co-founder Ignyte Assurance Platform Max Aulakh CEO

In an industry inundated with companies claiming to provide web and IT services, DataGrill is one of the few that simpliﬁes the process by bringing a comprehensive list of skills and on-demand services to one place. www.datagrail.io

Ignyte helps clients in adopting the Ignyte platform to provide ongoing assurance to their organizational management. www.ignyteplatform.com

inCyber Compliance Erik Kellogg Founder & CEO

Chicago-based inCyber Compliance is dedicated to simplify and automate the overly complex cybersecurity compliance guidelines set by regulators using its advanced solution—inCyberDashTM. www.incybercompliance.com

SecureLink Joe Devine CEO

At SecureLink offers a software platform to provide secure, accountable, and auditable third-party remote access. www.securelink.com

Trulioo Stephen Ufford & Tanis Jorge Co-founders

Trulioo is dedicated to building a framework of trust online, developing best privacy practices, and advancing ﬁnancial inclusion. www.trulioo.com

Allgress, Inc. Helping Organizations Reduce Their Business Risk With Less Complexity And Cost By Delivering Integrated Risk And Compliance Management Solutions

he evolution of change in every aspect of business has made conventional and time-consuming risk and compliance management no longer effective without automation. Staying in-sync with these changing trends, Allgress Inc. continues to evolve its award-winning Integrated Risk and Compliance Management Solutions to further streamline and simplify complexity in all aspects of risk and compliance management regardless of the use case. Based in Livermore, California, Allgress is a global provider of automated next-generation integrated IT Security, Compliance and Risk Management Solutions for organizations and their business partners to meet business risk objectives. Allgress’ solutions enable organizations to automate and streamline processes for assessment, monitoring, reporting and remediation of business risks with less complexity and reduced costs. Unlike other solutions, Allgress award-winning technology allows customers to derive quicker-time-to-value without an army of consultants. Solutions Allowing Businesses to Easily Interpret their Risk and Compliance Posture Allgress’ Founders and management team dedicate their efforts towards providing CISOs and other stakeholders with the ability to make effective investment decisions that align risk and compliance programs with their top business priorities. Moreover, their offerings allow clients to communicate the true value of those decisions so that senior executives can manage risk, ﬁnes, brand damage and meet risk objectives. Further, the cutting-edge, cost-effective, and less complex solutions also help users to move from a passive to a proactive approach to Governance, Risk and Compliance (GRC) with quicker-time-to-value and ease. Additionally, Allgress delivers its solutions to each client so it can be deployed in a modular way with a standardized look and feel, producing sensible and meaningful outcomes. Attributes that Make Allgress a Market Leader Along with deep domain knowledge and experience of over 10 years, Allgress chooses the customer-oriented approach for winning clients and maintaining long-term relations with

them. The company’s mission of providing customers quicktime-to-value through automation that is intuitive to use has not changed since its inception. The other aspect that has not changed is the company’s sole focus on providing an integrated platform to monitor and enforce rules and procedures to manage risk, compliance and security. Risk and compliance platforms are typically complex, involving several consultants to coordinate implementation, customization, and usage of platforms within months or longer. Allgress has made these functions consistent and easy-to-use so organizations can better manage their business risk with less complexity by leveraging the same data and management functions across audit, IT security, compliance, and risk and vendor management use cases. In addition to such beneficial solutions, the team at Allgress promises to save time, provide an easy to navigate interface, and rapid implementation allowing an organization to operationalize existing workflows, demonstrate compliance, and gain a holistic view of impending risk and remediate them if necessary in a matter of days. Furthermore, unlike other solutions, its offerings are available for every size of organization, right from the SMEs to the Fortune 500 Enterprises. Allgress eliminates the need for a large dedicated team by streamlining GRC processes in a single, intuitive platform. Product Features Empowering Users Allgress’ modular approach allows its clients to manage one or multiple disciplines of risk by utilizing the same easy-touse functions independent of an organization’s size and maturity. Functions including data collection, analysis, policy and procedures, workflow, reporting and incident management throughout the application are implemented to receive a holistic, meaningful overview of clients’ risk posture over a business unit or an entire organization. Its product modules significantly help in managing audit, compliance oversight, IT security operations, enterprise risk, and vendor risk. For example, the policy & procedure module features support consistent central management so businesses can meet their business risk objectives.

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marketing strategy, branding, positioning, and market communications. The enthusiastic leader brings over 30 years of experience in a variety of leadership roles in technology marketing and business development. Before Allgress, he has held several prestigious positions in various organizations and increased their revenue and market penetration. Notably, his efforts have been instrumental in advancing the development and adoption of application, compliance and risk management. “Allgress continues to lead the market with simplicity and time-to-value,” says Jeff Kushner, Allgress’ Chief Marketing Ofﬁcer.

Jeff Kushner | Chief Marketing Officer

Allgress' Risk Management Solutions are customer driven to help clients proactively reduce Business Risk with less complexity. Moreover, the survey and risk register modules support the process of identifying and tracking risks. Partnering with the Customers to Deliver Solutions that address Pervasive Challenges Allgress’ client base is composed of customers across many industries. While dealing with such diverse clients, the team at Allgress not only delivers productive solutions but also partners with them regularly. Further, they start by understanding clients’ needs and requirements and then strive to produce solutions that match their expectations and solve pervasive risk management challenges. Moreover, collaborating with clients, Allgress consistently collects information about their use cases by conducting focus groups, regular customer calls, meetings, and continuously soliciting input on its customer’s portal.

An Adept Workforce behind the Perfection Employees are the bricks of an organization without whom the company is incomplete. Each brick of Allgress has been supporting it since its inception, and its workforce is the one that truly makes a difference to customers. Allgress’ employees come with years of domain knowledge and expertise. Be it a member of the management team or even a sales team member; it’s every employee from every department brings years of experience in risk, compliance, IT, security, and the GRC space. Moreover, every Allgress’ team member brings their unique experience and acumen to the table, which helps Allgress to deliver solutions that meet customer challenges of managing business risk. Apart from that, Allgress follows the culture of continuous learning and sharing knowledge. As a result, each member is always in the learning and contribution phase and keeps up with the continuous changes and advancements in the industry. Standing Toe-to-Toe with Industry Related Challenges Technological shifts are highly challenging for most industries. Allgress works hand-in-hand with organizations they serve to match their solutions with the evolving changes in technologies, regulations, and organizational requirements. Having already delivered an extensive range of solutions, its team continuously evoloves them and actively engages with clients for further expansion. Meeting requirements in businesses are uncontrollable at the same time unavoidable. Allgress works with customers and industry to reduce the burden of such challenges, it doesn’t hinder its path of continuous solution updates; in fact, its team strives to perform with the greatest degree of excellence.

A Seasoned Professional Elevating the Game for Allgress Jeff Kushner, the Chief Marketing Ofﬁcer of Allgress leads marketing for the company. He is responsible for the global

Experts' Views

Leveraging Analytics for

POWER TRANSMISSION DISTRIBUTION

he Power Transmission and Distribution industry is experiencing major changes from its historical business structure of a vertically integrated utility to a combination of several different models. However, the basic function of the industry, to produce and to deliver power, safely and reliably, has not changed. The restructuring of the industry has created uncertainty that has contributed to limited investment. Improvements in technology and improvements in the infrastructure. Moreover, pressures continue to reduce the cost of the electricity. Increasing reliability demands, aging infrastructure, increasing loading of components, and Increasing availability of operational data are the main challenges today. Managing a reliable grid cost-effectively, is a growing challenge for Power Transmission and Distribution industry, particularly when viewed in the larger context of system complexity, aging assets, and increased customer expectations. Improving assets performance is a pressing issue in ensuring reliability for the utilities. Capturing data and record keeping are at the heart of asset management. This data can come from multiple sources throughout the organization. Existing methods comprise of multiple independent tele-supervisory subsystems, with a decentralized conﬁguration, designed to measure and monitor individual or a group of assets. Existing monitoring, control, and protection systems are driven by established practices that have been proven in the utility market. However, opportunities to evaluate new control or protection systems exist that leverage the availability of more information and new devices. Ÿ

There is an enormous potential that predictive analytics offers us for Improving Power Generation Efﬁciency, optimizing Power Consumption, and Reducing T&D Losses.

To ensure reliability and to gain additional value, the assets must be managed in new ways using available data as well as expanded data sets. Opportunities exist to capture and better utilize presently available data from relays, DFRs, and other IEDs, to better monitor assets, locate faults, and perform new functions. Additional opportunities exist to improve sensors, communications, capture new information and present information in new ways to enhance performance. One of the key challenges faced by power generation units is tackling downtime due to equipment failure. The ideal way to optimize power generation efﬁciency would be to devise a way in which operators can anticipate equipment failures with a fair degree of accuracy and accordingly schedule maintenance. During maintenance, staging equipment can be used to minimize, or even eliminate, downtime. Real-time waveform monitoring and other predictive analytics methods can be used to generate timely insights on equipment performance and help avoid downtime occurring due to overloading, voltage ﬂuctuations, and damages to ancillary equipment.

The challenges faced by the power generation sector are not just limited to minimizing consumption and reducing losses. The problem is much more fundamental, with the imminent depletion of resources used for power generation, be it water or fossil fuels, and the risks and high costs associated with alternative sources such as nuclear energy, wind, solar energy etc. Hence, more and more emphasis is being placed on efﬁcient energy management by power producers, distributors, and consumers. The establishment of a smart grid is a key initiative to improve efﬁciency, maintenance and planning. The smart grid is essentially an automated system that connects all entities in the power sector, allowing them to interact with each other in real-time. Using historical data, future consumption

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patterns can be predicted. Any abnormal change in consumption can be tracked and the cause of such changes can be detected, thereby ensuring that usage of power-inefﬁcient equipment can be minimized. With concrete data available at hand, consumers can be convinced of the need to replace or repair energy-inefﬁcient devices by providing them details on long-term cost implications using predictive analytics. Many enterprises are using cloud-based analytics to generate actionable insights. For example, some organizations use business intelligence software and data from sensors to detect occupancy rates in buildings at different time intervals. Automated systems can then use this data to control consumption in real-time and eventually reduce energy costs.

Technology improvements and increasing need to better manage assets have facilitated the implementation of substation automation. The use of automation increases the availability of information and the ability to improve control over the system. However, more work is required to better manage the information and develop methods and algorithms to automate systems to improve system performance and reliability. Transmission and distribution losses are still more than a staggering percentage, which is ironical for a country that is facing a signiﬁcant power deﬁcit. However, the potential for reducing T&D losses with the implementation of a nation-wide smart grid is enormous. With rapid technological advances and the emergence of IoT, it is becoming easier to track and monitor disruptions in supply. Analytical tools can derive relevant and real-time data from equipment such as sensors, smart meters, and other communications devices and generate actionable insights for T&D companies. This approach, also referred to as asset analytics, helps T&D companies improve productivity based on measures such as asset health, criticality, and maintenance scheduling.

By using machine learning and IoT, the asset health can be monitored using algorithms that can track variables such as the condition of the asset, weather, failure frequency etc. These algorithms can be based on analytical techniques such as logistic regression, neural networks etc. Nirmalya’s Asset Management System (nPravaahAMS) developed on an Internet of Things (IoT) platform, resides on top of all disparate utility

Biraja Prasad Nath Founder & CMD | Nirmalya Labs Private Limited

systems and provides a consolidated view of the assets from a central location. This system integrates information from various existing systems such as Supervisory Control and Data Acquisition (SCADA), Substation Automation System (SAS), Distribution Automation System (DAS), Advanced Meter Infrastructure (AMI) etc. as well communicate with intelligent and communicable devices like energy meters, remote terminal unit (RTU), remote monitoring unit (RMU), and other equipment. The collated data is analyzed using intelligent algorithms and helps in real time decision support to the utility managers by giving them a complete overview of asset performance across the utility. This also helps in proactive asset maintenance deferring large capex requirements due to system breakdown. There is an enormous potential that big data analytics offers us to ensure optimal utilization of power. Quite evidently, we no longer have many other options remaining with rapidly depleting resources. Opportunities exist to study the increasing amounts of available data and identify new phenomena that can lead to the development of new devices and operating practices. The Power Transmission and Distribution industry also needs to build robust system to overcome the challenges and become smarter with not just the way we consume power, also transmit and distribute with the help of disruptive technologies.

Aparajitha Software Services: MAKING CORPORATE INDIA COMPLY

s the business landscape is moving from a people driven economy to a platform economy, the Managing Director of Aparajitha Group of Companies, Nagaraj Krishnan, says, “Indian businesses need to make the transition from throwing people at problems and leveraging arbitrage to designing innovative solutions and solving problems.” By means of Aparajitha, he is not only finding ways to make this shift, but also spearheading this transition. Based in Madurai, Tamilnadu, having Pan India operations and establishing foot prints in APAC region, Aparajitha Corporate Services is India’s No 1 GRC Solution Provider specializing in Employment & Industrial compliance service. Its self-powered coherent solution—Compfie, has broken the grounds with capabilities in monitoring compliance status of an organization seamlessly while adapting the changing environments. Compfie is one of the few strategic initiatives of Aparajitha to evolve as a dominant global Governance, Risk and Compliance (GRC) player. Compfie, Simplifying Compliance Control by Utilizing Technology Powered by India’s leading compliance solution provider, Compfie is a cloud-based compliance tracking system that enables continuous monitoring of compliance status irrespective of the location of the corporate entity. This tool has enabled Aparajitha to change the paradigm of compliance management, by truly leveraging technology. Moreover, backed by decades of serious work in compliance management, Compfie comes with a lean design and promises the simplest installation process even in the cases of the organizations with most complex data. In addition, it seamlessly adapts itself to changes in business, technology, and regulations, resulting in boosting user’s business output.

Nagaraj, who is leading Aparajitha since its inception, considers it as his key responsibility to bring forward all the expertise and decades of experience in compliance management to the new economy. At the same time, he wants to make Compfie an organization staying agile and nibble like a startup. Moreover, while acquainting on how he wishes to take Compfie ahead, Nagaraj states, “It is imperative that Compfie stays a learning organization as we push boundaries and expand rapidly to newer markets.” Catering a Huge Client Base with Innovative Offerings The renowned Compliance service provider has its operations in Nepal, Bhutan, Bangladesh, and Srilanka. Currently, it delivers services across industries such as Automobile, Retail, FMCG, Chemical, Iron & Steel, Garment & Textiles, BFSI, Construction & Infrastructure, and Hospitality. With more than 1200 core employees, it is serving over 1000 clients all over India. Moreover, its client base consists of most of the leading entities in respective industries; some of them are IKEA, Cigna, Bosch, TATA Communications, ICICI Venture, Bata, ITC, Birla Sun Life Mutual Fund, Shell, Cadbury, Godrej Properties, Goldman Sachs, YARA Fertilizers, Walmart India, Pepsico, Ford, Airtel, Reliance Communications, FedEx, SoftBank, Microsoft, and Oracle. With empowerment and accountability across their operations, Aparajitha’s team ensures that their services exceed customer expectations every time, resulting in customer delight and long-term associations. Moreover, continual innovation has always empowered its team to deliver customized and client aligned best practices. Emphasizing Employee Growth to Elevate the Business Employees are the building blocks of an organization, and

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Procreating Global Knowledge Hubs to Conquer the Growth Challenges

Nagaraj Krishnan|Managing Director

With deep domain expertise, we, the team of Aparajitha, delivers 360 degree compliance solutions that help organizations manage risk and improve productivity at every stage. in many cases, they are even the face of it. Considering its team as the most important asset, Aparajitha highly believes in its team and focuses on employee growth, which ultimately helps the business prosper. Moreover, the people focused organization tries to maintain an environment where people can thrive and that resulted in low attrition rates and a domain expert workforce. In addition, Aparajitha credits its team for supporting in achieving an excellent Compound Annual Growth Rate (CAGR). Furthermore, the illustrious organization’s employees are also the reason behind its most popular offering—Compﬁe; they have built it ground up by bringing their operational and technical expertise to fore.

Aparajitha with its best-in-class solution Compfie is striving to enhance its global footprint and rapidly expand in new markets. The global expansion comes with a challenge ofdealing with both national and international laws and regulations. While a general startup’s growth determinants would be its technological and marketing capabilities, Aparajitha knows that in case of Compfie, its growth variables would be slightly different. At one end, while it rapidly expands to newer markets, in parallel it would also need to establish Domain Authority in each of those geographies. As a result, the company predicts to face an obstacle in achieving “Authority at scale.” To deal with this challenge, Aparajitha is creating Global knowledge hubs with teams from Compfie and the specific geographic location integrating regulatory and technical frameworks thereby building authority. A Focus on Millennial to keep up with the State-ofthe-Art As technological advancements are altering the business world, workplaces are becoming more tech-oriented. As a result, the demand for a technology-friendly workforce is arising, while millennials being digital native are culturally the best fit for a platform driven economy. Currently, running with around 60% of the millennial workforce, Aparajitha plans to attract more millennials into its field. Aparajitha’s team believes that Compfie’s value system would further help them to attract more millennials. Because, contrary to their earlier generations—the millennials today look for purpose and meaning at work and strive to create an impact. Similarly, Aparajitha’s people-oriented agenda and corporate ethical imperatives are tuned to create environments encouraging people to experiment, thrive, and create a meaningful impact on business and society at large.

The Leadership team of Aparajitha strongly trusts that “people make a company.” Nagaraj wants to instill this “peoplefocused” approach in his colleagues so that everyone will contribute their best and proud to be the part of Compﬁe’s growth trajectory.

Lead Feature

The severity of the

world on the corporates. What it demands from their leaders?

VUCA: The Origins

VUCA: Actual world scenario

VUCA—the term first produced and implemented by The U.S. Army War College to train their officers in the response of collapse of the USSR in the early 1990s. VUCA describes the volatility, uncertainty, complexity, and ambiguity of the world after the Cold War. Therefore, it was specifically a lesson learned from the conditions arose due to the Cold War between the US and USSR.

Therefore, VUCA designates unpredictable events in the world, whether in case of a country like Afghanistan or the case of an organization like Nokia. Afghanistan was once known as a fast developing country with a healthy economy. Similarly, Nokia was a leader in phone manufacturing and was selling the most number of phones across the world. In both cases, these two elements have suffered a drastic fall from prosperity to a great depreciation in their value.

VUCA, which was once a military training term has become trendy managerial acronym today. But what made corporates to follow this acronym? One of the reason is the Global Financial Crisis (GFC) of 2008—a once-in–a-century ﬁnancial crash. Nearly a decade later we are still dealing with its fallout, and thinking of another, even larger, debt-caused crisis. Presently, VUCA is best acronym that encapsulates the impact of such thunderstorms which are just begun to unleash upon the globe.

These downfalls are the recent examples of ineffectiveness in tackling rapid changes in defense and in technological world respectively. Thus, neither countries nor organizations and their leadership strategies are spared in the today’s ﬂuctuating world. Just turning on 5 min news can show you the live volatility and uncertainty in the world. One can see the end of relative stability in the business, politics, or science which ultimately forcing humans to be more dynamic, aggressive, and prepared for upcoming disasters. This

proves that the present world is unlike anything people have ever seen.

market. Remember Kodak? —the pioneer in cameras—now struggling with keeping its name in the industry.

VUCA: Leaders and their strategies—Now and then VUCA: the Fighting Species The leaders in every business, public administration, education, science, culture, entertainment etc. are dealing with VUCA atmosphere on a daily basis. They form various strategies according to their industry or locality. However, ill-prepared plans worsen the existing situation. Similarly, leaders who started in stable times find it difficult to match with the present highly turbulent digital age. This is because, most of the old heroes are comfortable with a gradual changes and stick to industry boundaries. Rather than launching working on breakthrough advancements, they prefer analyzing rivals’ strategies and scaling end-products slightly more efficient than the previous ones. This standard planning system is radically affected by the current global market and most of the leading companies have failed to match the speed of the

The question is who are suitable for thriving in the VUCA world? And the answer is—there are too many elements that are beyond the control but those who are flexible as well as open to change and dare for new experience can hope for a success. This can be referred as acrobatic learning, investing continual efforts day and night to achieve anything more than competitors, moving forward to new ideas and preparing to fight in the tomorrow’s world. About twenty years ago, no one would have believed that space rockets would be recycled, sent and received safely like an email. This unthinkable milestone is achieved by a private spaceflight company, SpaceX. One rocket with minimal mileage, moderate lift capacity, can used for delivery of goods to Earth-orbit, and 100%

Lead Feature success rate in ﬂying back to earth!

few people with disruptive strategies.

VUCA: Beneﬁts of Learning Agility

Initially, walked as an online bookseller to a ﬂying retailer of nearly every product, Amazon has recently achieved a trillion dollar valuation with its disruptive strategies.

The evolutionary example of SpaceX clearly states the need of the present uncertain world. Leaders don’t need to work towards making detailed plans but testing various hypotheses about emerging technologies and quickly recognizing ways to get things accomplished. However, the higher leaders go—the more volatile uncertain, complex and ambiguous the job becomes and it challenges them to create their own way. Dr. W. Burke, Thorndike Professor of Psychology at Teachers College, Columbia University, has been able to measure learning agility based on 4 years of initial research. He determined that people who are more learning agile demonstrate that agility in 9 different ways—Flexibility, Speed, Experimenting, Performance Risk Taking, Interpersonal Risk Taking, Collaborating, Information Gathering, Feedback Seeking, and Reﬂecting. According to the test consisting 38 questions, the research ﬁnds the learning agility in a leader. A leader with higher learning agility tends to have a successful future. This is because agility comes from the motivation to think out of the box, try new things and learn with them. Additionally, probing deeply into views and asking counter questions on them can clear the clouds in a strategy and helps to focus on consistent application of effective decision making.

VUCA: the Breakthrough innovation approach In the case of startups, most of them are born out of an idea which identiﬁes a need that other, more established organizations have ignored. But to consume work ahead with the VUCA change, startup leaders must produce game-changing, innovative products and services that can fundamentally change the way people live or work. This is helpful in making a distinct and unique business that can beat its competition with its end products. In conclusion, VUCA environment calls for different kinds of leaders who are highly focused on existing solutions or the ones with the ability to turn vision into reality, catching the fast pace tech realm. One can say VUCA typically require a fusion form of leaders and machines who can work continually, creating innovative offerings and streamline business process to keep running with the change. Similarly, to fortify the efforts, a brief understanding of VUCA can always give a reminder of the external environment to change the game with groundbreaking products, strategies, models, and self-built capabilities.

Volatility Uncertainty Complexity Ambiguity

VUCA: Disruptive strategies—Matching the change Old and successful companies had a humble beginning. However, they matched with the changing wave. The wave that demands more—different and useful or simple, reliable, and productive—anything, which very few can predict, very few can dream of—but one can strive towards becoming those very

Similarly, the leading payment service provider, MasterCard jumped to a different path than its rivals. It approached remote countries which were ignored by other payment giants. MasterCard found out the need for mobile payment options and excelled in that arena with solutions, bringing easy-to-use mobile payment features.

Corlytics: Helping Companies Drive Successful Regtech Adoption

anks and financial services firms are grappling with an overwhelming volume of complex regulatory change. With the cost of compliance to the banking industry estimated to be $270 billion each year, firms need help getting to the root causes of regulatory risk as efficiently as possible. Many companies are looking to regulatory technology to overcome this challenge. However, in a rapidly expanding industry, the plethora of new tools and technologies has become difficult to navigate. The danger is that they become more disruptive than productive. Fortunately, there are many innovative regtech solutions which efficiently integrate into existing business workflows and deliver results. This avoids the need for companies to take any risky or drastic actions. Dublin-based Corlytics Ltd. is one regtech leader which recognises the importance of being focused on successful adoption. The company, which works with banks and regulators across the globe to examine regulation as a risk, believes this is when customers will be able to experience the full power of advanced new technologies. To deliver this, Corlytics focuses on bringing together individuals with diverse backgrounds and building a collaborative company culture.

in the financial technology sector and has built numerous global technology-based enterprises. In 1985, he co-founded one of the first energy technology campus companies in Ireland. In 1997, he built Information Mosaic, a global player in the securities software industry which was sold to Markit in 2015. At that time of the financial crisis, John realized that there was no combined intelligence and predictive analytics system or platform to aid the banks, regulators, and their advisors to make informed decisions. This encouraged him to establish Corlytics, a fast-moving business which is expanding internationally. It now has seven offices around the world. As the CEO of the business, John is responsible for setting the company’s vision and strategy. He also empowers his team to deliver their best work. At all levels, from interns to the board, professional development and continuous learning are encouraged. Furthermore, John focuses on team management to ensure individuals with diverse backgrounds and capabilities work seamlessly together. John is a frequent speaker at industry events and has spoken at various events such as SIBOS, NEMA and many other conferences and advisory events on operational and systemic risk in financial services.

CEO leading expansion across the globe

Gathering and implementing new ideas to solve clients’ business issues

The Founder and CEO, John Byrne, is the man behind Corlytics’ success. John is a serial entrepreneur

Since its foundation in 2013, Corlytics has been restoring trust and building transparency in the global

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key to power and deliver new ideas. At Corlytics’ Dublin headquarters, there is a 50/50 gender split and eleven native languages spoken. John and his talented team approach regulatory issues with diverse and fresh perspectives. He believes that creativity does not come from ‘great thinkers’ alone, but from cohesive teams. It is when these skills are cross-pollinated that the real innovation happens.

John Byrne | Founder & CEO

Our intelligence is used by regulators, ﬁnancial institutions and their advisors on a global basis.

financial system. The company helps organizations overwhelmed with regulatory notices to understand what information is actually relevant to their business. Whenever a client turns to Corlytics for support in better planning their compliance program, the team listens to their unique challenges. It then builds a bespoke team consisting of legal and regulatory analysts, data scientists and risk practitioners to help regulated firms protect themselves from unexpected exposures and fines.

Enhancing growth for young individuals This is a dynamic time for the regtech market, and there is still huge potential for new and innovative solutions to tackle complex compliance challenges. It is an industry where people are always learning and solving real-world problems, which makes it an attractive prospect for young individuals. The business brings many talented people in through its internship program. The program allows young individuals to learn and develop skills to solve the real-time issue. This is not just aimed at those on a speciﬁc career trajectory, but at determined individuals from a variety of backgrounds. The only requirement is for people to be up for the challenge and to have an enthusiasm to learn. Corlytics is ﬁrmly focused on the needs of the customer, and not just building technology for the sake of it. John knows that getting this right always comes back to attracting and nurturing a highperformance team.

The multidisciplinary team behind Corlytics’ success In John’s ﬁrm, everyone from the newest intern to the most seasoned industry veteran has a say in the direction of the company. John ﬁrmly believes that diversity is the

inCyber Compliance: Automating And Simplifying Complex Cybersecurity Compliance Guidelines

very day, every week, there is a new revelation of a massive cyber breach somewhere in the world. As these cybersecurity threats rise, the number and extent of the cybersecurity regulations get strict and highly complex. These regulations are created to establish a set of strong cybersecurity practices to protect consumers and support the stability of the global economy. Today, most businesses struggle to manage these complex cybersecurity compliance requirements across multiple regulations, standards, and frameworks. Oftentimes, they exert a significant burden on the company’s resources which results in inefficiencies, time consumption, and substantially impact the overall productivity of an organization. Similarly, current solutions for compliance and risk management allow more time to concentrate on business workflow by allowing dedicated staff to understand the impacts of specific cybersecurity and cyber compliance risks. Comprehensive compliance technology architecture is used by several organizations to make compliance an active and living part of the organization. But, effective compliance requires technology that has a solid system of record—demonstrating a state of compliance, documenting any changes made, while also providing a complete audit trail. The inCyber Approach to Simplify Compliance Guidelines Over the last few years, increasing attention has been paid to compliance and risk management. It has become an integral part in managing a company’s corporate structure. In addition, a company’s internal regulations and regulatory framework are important considerations, placing significance on how rules and regulations are controlled internally. Therefore, there is a need for advanced

technologies that simplify the time consuming and complex cybersecurity compliance guidelines, which further enable the companies to focus on other business priorities. Chicago-based inCyber Compliance is dedicated to simplify and automate the overly complex cybersecurity compliance guidelines set by regulators using its advanced solution—inCyberDashTM. The company was established by Erik Kellogg to ensure that the clients’ organizations comply with the latest regulations and internal standards. inCyberDashTM solution developed by Erik and his dedicated team members enable non-technical executives and board members to take part in cyber risk decisions. It also empowers compliance and technology professionals to take control of their firm’s adherence to complex cybersecurity regulations and best practices. Unique Features of inCyberDash™ Platform with AI Engine To offer the best service to clients, the expert team of inCyber Compliance identifies the key cyber compliance requirements and utilize them for very specific technology settings. The team works with pivotal technology, security, compliance, and regulatory professionals to maintain and create a comprehensive database of cyber regulations. Further, the inCyber’s highly automated system continuously audits those settings within the clients’ infrastructure and clearly states if they are within regulatory cybersecurity guidelines. If a client’s system doesn’t fall within the guidelines, the intuitive dashboard then clearly indicates the proper settings or policies that should be updated. Moreover, the dedicated employees of inCyber constantly keep the pace with the dynamic regulatory environment and provide responsive and consultative service to its clients. This superior quality service is highly recognized by its

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from cyber threats and adhere to industry regulations. Erik’s experience and expertise include; System Admin, Professional Trader, Director of Information Security, Network Engineer, Chief Technology Ofﬁcer (CTO), and Chief Information Security Ofﬁcer (CISO).

Erik Kellogg | Founder & CEO

We, at inCyber Compliance, oﬀer a unique platform that empowers our clients to take control of complex cybersecurity regulations. clients, which helps the company to strengthen the trust within the existing client base and gain new customers within similar peer groups. Additionally, the inCyberDash™ proprietary AI engine works in conjunction with SMEs to constantly expand and shape the compliance algorithm. The engine also provides regulatory updates regarding the formation of new trends and priorities in cybersecurity and compliance. The intelligent engine continually updates clients’ dashboards to align them with the latest regulatory cyber guidelines.

Today, at inCyber, Erik focuses on overall product strategy to ensure that the suitable cyber compliance expertise is made available to the client via in CyberDash™ platform. Virtually, every state in the US has its own cybersecurity regulations for data security standards. Likewise, a host of federal agencies have their own regulations protecting consumers’ financial data, health records, data collection, and other important records. Each guideline and regulation come up with own disclosure requirements. Hence, the CEO is always looking for ways to enhance inCyberDash™ platform based on the feedback received from the clients who are spread across the nation. In addition, Eric strives to build and maintain relationships with security and compliance teams across all industries so that the team can utilize the views of dynamic and experienced cyber compliance experts to upgrade the platform on a global level. Moving forward and aiming to expand inCyber service area, the CEO and his expert team are currently working to explore various verticals. “Millennials prefer innovative, progressive companies,” says Erik Erik finally explains how the millennial workforce will be attracted towards the cybersecurity compliance and regulatory industry. He predicts, “I think this will happen naturally as millennials enter the Regtech workforce. Millennials are looking for entrepreneurial, innovative, and progressive software companies. inCyber Compliance is strong in all these areas as well as offering flexible work arrangements.” These thoughts clearly uncover the current wants of millennials from the organizations and Erik has already been offering such environment at inCyber which is practically healthy for such individuals.

A Leader with Enormous Experience and Enthusiasm Erik Kellogg, the Founder & CEO of inCyber Compliance is leading the company with his extensive industry experience totalling 20 plus years. He is a cybersecurity expert with a proven track record of helping businesses protect themselves

Experts' Views

volving nterprise internet

he evolution of enterprise internet connectivity has been an interesting topic since the early nineties in South Africa. Back then the main focus for internet connectivity was for email, hosting your corporate website and ensuring employees could access basic online resources (speciﬁcally for research). Africa also had the highest cost of internet connectivity in the world. South Africa was no exception and there were a few reasons for this.

Firstly, Africa as a continent had the smallest footprint of undersea cabling to the rest of the world making it a hot commodity that came with a considerable premium. Secondly, connectivity nationally was controlled by a single entity allowing for no competition. Lastly, South Africa had stringent electronic communication laws that prohibited growth. Connectivity started getting better in the late 2000s with multiple undersea cables landing between 2009 to 2012. Laws also started relaxing around electronic communications. The ﬁrst carrier neutral data centers were built across the country giving enterprises the choice of where to host internal and external services without being tied into an internet service provider. These were the main drivers for competition and cost reduction which were realized at enterprise and consumer level. Enterprises now had higher demand for internet services as more and more business-critical functions became electronic. There was also a requirement for these services to be available anywhere. Enter Cloud instances and hybrid architectures which were already being widely adopted across the rest of the world. Our

problem was still internet connectivity as these architectures required larger internet throughput and we were still playing catch up in this space. We had better connectivity to the rest of the world but our national infrastructure was still outdated while we raced to catch up with national fiber rollouts. Fast forward to today and we now have a strong national fiber footprint and internet pricing continues to drop. This is good news for many services’ dependent on internet connectivity as well as the Enterprises who want to use them. We also have additional undersea cables landing in the next two years which hopefully keeps driving the pricing down. So where is the internet going next? The fiber is in the ground and the international connectivity to the world is ramping up with requirement. Surely, we are comfortable? In this area I am never comfortable as requirements change and we should be ready. Here are some of the things that I think will affect South Africa’s internet in the next 5 years. SD-WAN will be heavily adopted for its flexibility and cost savings. MPLS is a great way to connect your Enterprise sites. SD-WAN does it better and gives you more control. Research this as not all SD-WANs are equal and it should never be bought from an ISP. It would be no different to MPLS as the enterprise doesn’t have control. SD-WAN should be run over the internet for best cost savings. Faster adoption of IPv6. The Internet of Things is talked about constantly and it really does sound great that my fridge will tell me I need milk. I do see it from another angle however. Consider the impact of ten

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Nick Treasure decided to step out of a Law degree to pursue his passion in IT. His parents didn't approve. He has since worked around the world times more IP addresses being used to cater for IoT. This is practically forcing an IPv6 rollout in the next 5 years as Enterprises wonâ&#x20AC;&#x2122;t want security devices having to translate IPv4 and lose performance. Decisions on Internet will have an eco-friendly element. It is predicted that the largest growth of the internet will be in developing countries and I believe this to be true. Vendors hardware will need to be energy efďŹ cient and renewable energy sources will become a more prevalent way of powering Datacenter hardware. This is especially important in a country with unstable electrical supply. The Emergence of Augmented Reality for business. While Augmented reality is currently more of an entertainment gimmick, Enterprise internet will need to cater for a new world of working with augmented reality integrated into business drivers and processes. Collaboration and Marketing will be at the forefront of developing AR applications for Enterprises.

building Internet service provider networks and assisting large enterprises realise their key business drivers by architecting connectivity solutions that maximise their potential. One thing is for certain, he is very happy with his choice to move to IT.

Elon Musk also plans to have the Internet on Mars by 2030 but it will take around 24 minutes to start loading a website. Thatâ&#x20AC;&#x2122;s one small step for man, one giant leap backwards in internet connectivity!

4Tune Engineering: Enabling Risk Management Throughout Life Cycle With iRISK™ Platform

ver the recent years, the pharmaceutical industry has seen changes in terms of business as well as regulatory directions. Therefore, the development of risk management and lifecycle approaches to new and existing products has helped in bringing faster delivery and higher quality of therapeutics to the market. Moreover, they are assisting businesses to take advantages of more flexible regulatory frameworks, improve productivity and achieve an overall better quality control. However, to accomplish these tasks, enterprises (especially large ones with complex supply chains and long development cycles) require advanced collaborative technologies that enable experts to collaborate in risk management using prescribed workflows. This in turn, allows fast and reliable comparison of risks and a continuous flow of risk communication among the relevant stakeholders. To simplify collaboration and complete these tasks seamlessly, 4Tune Engineering (4TE) developed iRISKTM as a Cloud-based platform to bring easy knowledge sharing while maintaining a structured and consistent risk approach across the company. Improving the Entire Product Life Cycle with Comprehensive IT Solutions Established in 2004, 4TE develops state-of-the-art IT solutions focusing on operational excellence. It facilitates companies to decisively improve the entire life cycle of their products and processes with intelligent and industryproven solutions. Moreover, 4TE offers valuable performance improvements to clients over their entire process-product lifecycles, using innovative Manufacturing-Sciences & Technologies (MSAT) services and products. Also, its proprietary platform iRISK—an

excellent outcome of its expertise with Quality Risk Management - is the winner of an international award in 2017. Refining Clients’ Risk-based Decisions with the iRISKTM platform The accomplished risk management solution provider’s primary target are clients from the pharmaceutical industry, as well as other manufacturing industries such as fine chemicals and petrochemicals. Using iRISK, 4TE enables its clients to quickly analyze, visualize, query, and compare risk projects for different products, processes, production sites, etc. Based on such information, iRISK leverages risk management to the point where risk-based decisions can be made in an effective way. Along with these decisions, iRISK guarantees its consistency too through its proprietary Workflow Designer. A Pacesetter Persona Leading 4Tune Engineering The Founder and CEO, of 4Tune Engineering, Jose C Menezes, is a seasoned professional with an experience of about 30 years in different fields. At 4Tune Engineering, his major role is to strategize innovative offerings that align with the upcoming changes in its clients’ industry. Likewise, Jose understands and foresees the pressure that markets and regulators would make to the industry’s operational focus on quality, productivity, time-to-market, and continuous improvement. He believes that the industry requires end-to-end strategies for commercial processes and a robust foundation for lifecycle management from earlystage product/process development all the way through manufacturing operations and clinical performance.

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customers who are sizable companies working in one of the most regulated industries in the world. Conquering the Challenges of Fast-Moving World like a Pro

Jose C Menezes | Founder & CEO

At 4Tune Engineering, we provide sophisticated engineering solutions and manufacturing-science innovations to enhance our client's business performance and support Business Process Excellence over the entire process/product life-cycle.

In the modern business world, technologies have been a major factor for altering the way things happen and transfigured every industry for the better. Having major clients from the pharmaceutical industry, which is not only the most regulated but also a rapidly evolving sector, 4Tune Engineering faces continuous variations in clients’ requirements. It is a fact that making use of traditional tools, such as spreadsheets, to manage risks on a global level is just impossible and companies need solutions coming from a technological platform, aligned with their business process, and complying with the very specific regulatory framework they operate in. In such a transforming environment, to rise to the occasion, 4Tune Engineering keeps developing its prime solution iRISK with a dedicated focus on the pharmaceutical industry. In addition, to spread awareness of its market-proven out-of-the-box solution, 4Tune Engineering plans to increase its investment in marketing & communication efforts. Moreover, the company’s growing client portfolio (which includes giant organizations like Merck and BoehringerIngelheim) enhances its profile. The Need for Young Talent for a Newfangled Perspective

Galvanizing the Workforce to Meet Plethora of Needs Employees are the most important asset of a company; an organization becomes what its parts make it. The team of 4Tune Engineering is composed of a highly qualified, experienced, flexible, and dedicated team. The versatile and capable team of 4TE has already built up a reputation among its multinational clients. As an innovative market leader, 4TE believes and relies on its team to constantly strive for new ways to solve its clients’ problems. Moreover, to align the company’s mission with team members, 4TE is open to their ideas and empowers them to lead their innovation projects until fruition. Additionally, with more than 10 years developing IT solutions, 4TE prescribes its employees to work in multidisciplinary teams towards welldefined goals under pressure. This leads to meet the desires of its

Having seen several technological developments throughout his journey, Jose discovers the need for young generation to support the growth of iRISK. As the millennials’ choices of ﬁelds have become fancier by time, it is a bit of knotty task to get young developers. “In order to attract them, providing them with a good work environment in a great location is not sufﬁcient, but making them realize the importance of the outcome of the work they will perform is fundamental” says Jose. By connecting their job to the direct result of making better and cheaper lifesaving pharmaceutical products to the population, he believes that he can create a driving force necessary to maintain the growth of his team with the younger demographics.

6 Mega Trends

Modern Technologies That Are Altering the That Are Altering The Human Lives Human Lives

n the last few decades, many technologies have emerged and transformed human life. These technologies integrated with the devices make any task easier to do. Smartphones, cloud computing, multi-touch tablets, these are all innovations that revolutionized the way we live and work. From the invention of the internet to the cutting-edge technologies like Cloud Computing, Artiﬁcial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Virtual Reality (VR), etc. are constantly changing and showing no sign of slowing down.

Moreover, technology has helped today’s employees to work faster, smarter as well as enabled them to communicate with each other more efficiently. Many organizations started developing their own technology and enhancing their existing technology system to become more productive in their workflow. Technology has become a significant part of our daily life and we simply can’t live without it. Hence, these are some of the technologies that are changing human lives. Ÿ Virtual reality (VR)

Virtual reality has been around since the 1950s and until recently the technology wasn’t able to deliver the fully fascinating digital experience that consumers have been craving for. These days virtual reality has been used in numerous movies, games, serials. Some of the best examples of VR are Game of Thrones (GOT), Avatar and First Man. With the recent improvements in hardware and programming, the borderline between real and the virtual world is shrinking. Many organizations are adopting this technology to help them understand customers more effectively and optimize their sales and marketing efforts.

Similarly, this technology can be used in other industries and in the advancement of their workﬂow. For example, in the healthcare industry, the VR can be used for in surgical operations. Instead of, directly operating on patients the doctors can use VR technology. It will help doctors to simulate the operation in a virtual world and under the supervision of expert doctors, the trainee doctors can perform the surgical operation correctly. Ÿ 5G Network

Nowadays, 4G network is used by numerous smartphones. The 4G technology boosts the phones by offering internet speeds that will let people download entire movies within seconds and most likely bring big changes to video games, sports and shopping. But, as smartphones come with new amenities, it requires a new network that would keep it up with the latest developments. Therefore, to bring huge change to both smartphone and ﬁxed wireless data networks 5G is introduced. Users are excited about the launch of the 5G because it offers more beneﬁts as compared with 3G and 4G. 5G technology comes with a high data rate, reduction in latency, energy saving, cost reduction, higher system capacity, and massive device connectivity. Furthermore, it will also affect many other kinds of devices, including industrial robots, security cameras, drones and cars that exchange data to one another. Ÿ Virtual assistant

Virtual assistants are part of our daily lives. These assistants offer entertainment, information, assist in various chores and has become our life’s personal manager. From shopping and booking to playing games, they manage all the tasks.

Furthermore, many small startup companies are also working on introducing their own virtual voice assistants which are AI-powered. Besides that, technology giants like Google, Microsoft, and Apple are teaming up with other companies to build products that can truly connect with each other and work on their command. These assistants would enhance the customer’s experience and offer their aids in many tasks which need to be performed by a human.

will rely heavily on AI systems. Furthermore, the selfdriving car comes with sensors that gather data from the car surrounding and help the vehicle to drive properly. The latest technologies such as hand gesture reading, 360degree camera system, voice command feature, and adaptive cruise control technology can transform the selfdriving cars. In this way, the autonomous vehicle would reduce the trafﬁc, follow proper trafﬁc rules, and decrease the accidents to save human life.

Ÿ Leap motion technology Ÿ

Many companies introduced TV and laptops with multitouch display. However, the display constantly needs human aids to perform the tasks. Due to this, the user’s hands could get very tired with prolonged use. To resolve this issue, Leap Motion technology can be used to work on devices. The leap motion tracks both hands and all 10 fingers as they move through the open space between user and its device. In addition to this, special software is used to detect hand gestures and translates the data into information for the device. As a result, leap motion allows users to use his/her hands and make a gesture to perform any task. For example, scrolling the web page, zoom in the map and photos, sign documents and even play a first person shooter game with only hand and finger movements. In this way, a human doesn’t need to touch the device to complete any chore. Ÿ Autonomous vehicles

The innovative technology is transforming the automotive industry in every way. Moreover, today’s semi-autonomous vehicles and the fully autonomous vehicles of the future

Blockchain technology

The blockchain technology, due to its reliability in handling information, becomes an obvious choice for improving data handling in the various industries. Blockchain technology is used by companies to transform time-consuming, centralized, and less reliable and less secure systems. However, blockchain technology is not used by the industries much. It will take several years for this technology to become a major component for developing a new system. For now, the technology professionals are working to integrate the blockchain technology with others for implementing a new system. Conclusion: Even as new technologies are developed, innovation around the application of existing technology is rapidly changing. However, humans are becoming more attached to these technologies. As technology grows, it will change human lives as well. With all those technologies constantly evolving, we can hope that they do not enslave us but make our lives easier.