21 January 2021

To move forward in education, let us understand but not succumb to the Veblen effect to zoom towards success

www.digitalmarketing.ac.in/vebleneffect_edu
Image Source : Deccan Herald


There is a class of goods where there exists an inverse relationship between the price of a good or service and the quantity demanded of that good or service.  These goods are called Veblen goods and violate the law of demand after prices have risen above a certain level.

 

The Veblen Effect

The Veblen Effect is about the impact of a higher price of a commodity on the quantity demanded of that commodity. 

It is named after  its creator, Thorstein Veblen, an economist and sociologist who studied the phenomenon of conspicuous consumption in the late 19th century.


He observed how the higher class whom he called the leisure class, would spend anything just to be seen as having arrived at a higher level. It is also called a kind of snobbishness for paying a higher price.


Reasons for the Veblen Effect

 

1. Perception of quality

In Veblen’s analysis of conspicuous consumption, it was noted that for certain luxury goods and services, a higher price was often associated with the perception of higher quality. Therefore, an increase in price was seen as evidence of the producer improving quality.

For example, the demand for a designer handbag often increased with a high price. The price increase was viewed by consumers as evidence that the producer of the designer handbag has improved the quality of the handbag.

 

2. Positional goods

These goods are often positional goods. The quantity demanded of a positional good depends on how this is distributed in society. Veblen goods often exhibit a negative positional effect, i.e., the quantity demanded of a Veblen good increases with a reduction in the distribution of the good. It occurs because the utility gained by a consumer from holding such a good arises purely from the fact that few other consumers hold it.

For example, the utility gained by a consumer from owning a diamond-encrusted handbag might arise primarily from the fact that few other people in society can afford to own such an object. Thus, the diamond-encrusted handbag acts as a positional good.

 

The effect on education


Very often, people go to higher priced schools and colleges to be considered elite. Fortunately, with the digital world making education accessible to all, wherever they may be, the Veblen effect is losing its effectiveness.


While getting admission in Ivy League schools or institutions like IIMs in India requires excellent grades and scores and only a few can make the cut, most universities know that students do not mind paying high fees because of its perceived value.


Instead, we could connect to a well reputed institute ourselves that does give value even when the prices being affordable.


Conclusion

The Veblen effect is definitely not applicable to learning and education. We need to be aware of course but not succumb to its effect. In education, we could definitely ignore the Veblen effect and learn to  be innovative and successful.


We at IDM have ensured we give quality education at reasonable rates for we want all to study and never make education just for the richer classes so the Veblen effect is definitely not something we subscribe to.


15 January 2021

Use Digital Sales to move ahead and succeed

 Customers today have changed more than we realize.  Everyone access to information via social and digital channels, Hence, they use these channels to empower their decision making.  
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The erstwhile days of sales professionals being gatekeepers of information are no longer relevant.

Hence, the primary query now if buyers have become more digital and sophisticated in their research and engagement capabilities, have sales people also accordingly become modernized?

For, if sales doesn’t become more digital, the people simply won’t be able to compete in the market today.  For, those who have access to information can make better and faster decisions.

So, what’s digital sales? It is using the digital media to scale relationship building using social and digital channels.  In addition to what you are doing, it complements it digitally.

Isn’t that what we all want for our business and sales teams? All we need to do is understand the new world and how it works, This is not all difficult. All one needs is passion and interest. The customer is after digital now so we need to understand him in the digital world.

Outcomes of the Digital world
We must realise outcomes improve with Digital Sales
Did you know that sales professionals that use digital strategies achieve sixty six% higher quota attainment than peers that don’t? (Source:  CSO Insights)

Deal sizes increase by twenty seven% compared to only traditional approaches. (Source:  IDC Research)

And most notably, sellers becoming digital generate forty five% more sales opportunities! (Source:  LinkedIn).

This mode of sales is easier and even more cost effective than traditional sales.

Digital skills are now needed by all to succeed in the world now as the world is completely digital!

The digital world is growing at a remarkably fast, It was just about 0% in 2005, then became 40% in 2020. Now, this type of marketing has become an integral part of marketing budgets and will soon overtake all other traditional channels of marketing.
Skills in the digital marketing sector are now in short supply. Our program bridges that gap and creates industry-ready candidates.
In our program, we start with the basics. After this, our students go further, with a level that includes current updates about digital technology. 

These skills are required by everyone all over the world. There are huge opportunities, and enormous requirement for such skills to drive the success of an economy. The internet penetration in the Indian online user base is larger than the U.S.
 
Our students are taught everything in digital marketing with our skill based practical approach. Our digital marketing course makes our students know everything about marketing in the new age by working on live projects. We give a WRITTEN ASSURANCE of job guarantee, as our clients are looking for such skills.

It is said when the world changes, we need to change ourselves accordingly. The world is indeed digital now so we must know what Digital Sales are all about.

Reinvent yourself. Joining us, the Digital Marketing experts now !

03 November 2020

What success lessons can we learn from Amul, the most favorite brand of Indians ?

 

Amul Products

From last 7 decades Amul has been in the homes of almost all the Indians. Amul, a small union of milkmen from a village called Kaira in Gujarat started to sell milk in Gujarat and Bombay Government now known as Mumbai, is one of the leading milk providers in India. Amul has grown into a very big industry with time that, now they not only supply milk but also provides a variety of products in the market such as butter, cheese, paneer, curd, bread spread, Ghee, ice cream, milk beverages, chocolates, fresh cream and many types of dairy products. It is not only their products but also the trust that they have built with the people is a huge factor of their success. Today I will be unfolding the success path of Amul that helped it become the most trusted brand in India.

 

Amul was founded in 1946 by Tribhuvandas Patel under the guidance of Sardar Vallabhbhai Patel which was later taken over by Dr. Verghese Kurien in 1949 who changed the whole perspective of Amul in the market. He is also regarded as the ‘Milk Man of India’. Acronym of AMUL is ( Anand Milk Union Limited) Anand is the place in Kaira District where all this started. Amul’s slogan “ Amul – The Taste of India” is a not only a slogan but is a promise to provide the best quality of milk and hygiene to all the people in this country which is still true and tested. All this revolution started when farmers and milkmen were brutally exploited by the middleman and it was only being a profitable business for these middlemen and the milkmen were hardly getting paid. At this time people decided to start a revolution against these middlemen. With the help of Sardar Vallabhbhai Patel a new union of milkmen was established at Anand village in Kaira district of Gujarat which is now proudly know as Amul. It is not only the product that is selling in the market it is also the trust that Amul has created in the hearts of people in India. Along with the product Amul has always worked on promoting its products  by advertising and running various marketing campaigns. The success of these advertises and jargons made Amul a precious and demanded brand in the market.

DR. Verghese Kurien


How did  Amul Become A Brand ?

Initially the milkmen in Gujarat were dominated by the Polson Dairy which had the agreement with Bombay government to supply milk. But the people at Polson dairy used middlemen to deal with these people to buy milk from them. The company made huge profits but the middlemen started to exploit the milkmen by giving them very less money for their milk. This lead all the farmers and middle men to Sardar Vallabhbhai Patel who was an activist working for the betterment of farmers back then. Under the guidance of Vallabhbhai Patel, Tribhuvandas Patel started a union of milkmen from Anand district to supply milk. Amul was formed by him and was later taken over by Dr. Verghese Kurien which designed the whole brand of Amul. Amul is taken from a Sanskrit word ‘Amulya’  which means precious.

Today Amul is managed by Gujarat Co-operative Milk Marketing federation Ltd.(GCMMF). Amul is jointly owned and run by almost 36 lac farmers and milkmen who come from around 18000 different villages and 17 unions to come together and supply the best quality of Milk. Amul has promised to buy all the milk brought into the collection centers by the milkmen at the highest possible rates. 18 million liters of  milk is processed every single day in their plant. Amul also launched new range of products in the market with time to encounter other MNC’s in India. Almost 80% of the amount earned by the company is returned back to the farmers and milkmen to encourage them for producing the best quality of milk every time.

Amul is also the winner of International Dairy federation Marketing Award in 2007. Amul not only is selling the best quality of the products but is also has an excellent marketing strategy with ad campaigns and jargons. In 2017  Amul made an annual turnover of Rs.23000 crore with a production rate of 28 million liters a day. It is estimated that by 2020 Amul will be supplying 38  million liters of milk each day which will be having a turnover of Rs.50000 crore. There is also a success story based on Amul’s success known as Manthan.

Amul logo


 

Amul’s Growth Strategy

Amul is one of the leading Dairy product manufacturer in the World and is operating and selling in almost 40  countries across the globe. An innovative marketing approach and quality control measure has helped Amul to be on the top from last 3 decades. Amul is using some great strategies to dominate and grow in market such as :

1.   Mass production

From the beginning of Amul, Dr. Verghese Kurien has focused on mass production of the milk. He has a doctorate in dairy farming from USA and wanted to help Indian milk producing farmers to learn how they can produce more high quality milk by feeding organic things to their cattle and how hygiene can be maintained while doing all these procedures. He Encouraged farmers to sell their daily collected milk to Amul so that the farmers can be paid the highest rate for milk per liter. With this small initiative in the Anand District within no time the collection of milk started to increase and now more than 3.6 million farmers are associated with Amul to provide with best quality of milk. Amul utilized this milk to produce variety of milk products and grow their market dominance  not only in India, but also around the world.

Amul production Line


 

2.    Powerful Supply Chain

The core reason why Amul was formed is due to the lack of supply chain management. In 1946 Polson Dairy was dominating the market and was purchasing milk from local farmers. But the farmers were not paid the right price for their milk as most of the money was taken away by the middlemen and farmers were hardly earning any money. That is when this union of Amul was formed which eliminated the work of middlemen. Amul decided to purchase the milk direct from the farmers by providing them the high rates for milk which motivated the farmers to produce good quality milk at good rates. Amul was established for the welfare of these milkmen who were exploited by the middle person in the supply chain.

 

3.    Low-Cost Marketing

One of the most powerful strategies of Amul till date is its marketing.  Amul uses low cost marketing tactics in which it applies umbrella Marketing strategy. Umbrella marketing is uses the idea of selling all the products under one brands name like, Amul Milk, Amul butter, Amul chocolates etc. This helps in reducing the marketing cost of their products. According to Amul’s current managing director (MD)  Mr. R. S Sodhi the total marketing expenditure of Amul is just 0.8% which is very less compared to their top competitors in the market. This strategy is beneficial to the farmers and customers as farmers are paid high rates for their milk and customers are provided with the best quality of products at affordable prices.

 

Amul Marketing  Moto

4.    Advertizes and Jargons

Amul’s  one of the most successful running campaigns till date is the Amul butter which is also registered in the Gunnies Book of World Record  which is been running from last 36 years. The slogan “Utterly butterly delicious Amul”  made a huge breakthrough in the industry which is still loved by all the people in the country. Amul has been creatively making banners and jargons every year for its variety of products for each and every occasion. Amul also keeps in mind the part of human emotion which is the key for building trust with their customers. Amul creates various slogans for different people according to their sentimental requirements. For instance Amul Milk advertizes for general people is “ the taste of India” but for mothers it is “ the proper nourishment for your child” this creates a message of trust for all the mothers across the globe that we have the top quality milk for your children.

 

Amul Advertising

Why Amul is an effective brand ?

 

Amul is known for starting the white revolution in India. It is not only the largest producer of milk products in India but also in the entire Asia. It is a movement that freed the farmers from the exploitations of middlemen. The way Amul started its journey and the level of response it has achieved in last 74 years is outstanding. Amul is the biggest supplier of milk and dairy products in India and when it reached this mark, Amul decided to grow and establish itself as a brand by spreading out in different countries across the globe. Today Amul is producing 38 Million liters of milk every day. It is not only focused on selling the milk but is also enriching the lives of its supplier and farmers who are willing to provide a good quality of milk and is helping many people to start a way of earning. Till date Amul has been the favorite of millions of people in India and brand that is made in the home country since the independence has developed a trust among the people that makes it the most effective brand.

What we can learn from Amul

We all can surely be successful with team work, brand building and continuity. This is  the major message that Amul gives us

26 October 2020

Google My Business Complete Learning Experience with IDM for Success and Growth !



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The internet has changed the way we all work and even live.  Google is one of the best and most used search engines in this world. Any sort of data and statistics can be uploaded and downloaded from Google within seconds. This is why everyone needs to understand Google to move forward in the internet world. It is now a necessity to do well in the digital world.

In fact, Google has now become even a kind of a verb in the English language. It signifies everything about search engines. Google has become a knowledge hub for all age groups. But what more do we know about Google rather than just being a search engine ? Google has expanded its boundaries beyond just being a search tool. Google provides mutiple services and products with a dyanamic range of content to create, advertize and sell at the same time. Google ads, google maps, google analytics, and much more services from creating a website upto marketing your products online, everything thing can be done via google if you have the correct training and guidance to know and learn about it. 


 Google My Business(GMB) is one of these features offered by Google to grow your business online. GMB is a very useful tool offered by Google to develop and grow the presence of your business online to most possible people. It is a free tool which can be used by any person around the globe to promote its business. GMB provides website link, map location of the business, products and service catalogues. Google My Business also gives the insights on the posts which are shared on GMB account which can help to create better ads and target the customers as per the views and market trends. I got to know how powerful tools google has to offer which common people are not even aware off. 

Institute of Digital Marketing(IDM) helped me with exploring and learning more about these tools. The learning and teaching process is completely different at IDM when compared to our schools and colleges. IDM focuses on Action. With their experience, they give many examples of real life cases also.

This enables learning rather than just explaining the content. While I was taught GMB At IDM they not only focused on the theory of the subject but also pushed me to perform and learn it practically. They helped me learn from the mistakes that were found while working on different taks and how experimental learning has helped me to overcome all those barriers. 
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Under the proper guidance and teaching of IDM I was successfully able to pass Google My Business certificate Examination. IDM helped me in thinking bigger and outside the box. I am glad that I joined IDM to study and learn more about the Google tools for Digital Marketing. The world has now changed, so we need to change to keep pace with the change and move forward. This is what will be required by everyone soon and we need to be in the group of achievers and not losers in the digital world. 

24 October 2020

Why Is Apple the most successful company in this world !!

Apple Headquaters


Did you know which company first touched the $2 Trillion mark on this planet?  Yes Apple Inc. is the world’s first company to have a market cap of $2 trillion by its name. The journey which started in a garage on 1st April 1976 by Steve Jobs and his partner Steve Wozniak now owns a headquarters worth $5 Billion. It’s not only about how user friendly products are designed by them but its key factor is that the way Apple markets its products via all possible marketing platforms is just mind-boggling. Read this blog to know about the amazing marketing strategies applied by apple which makes it different from all the competitors in the race.

From initially selling IPods and computers now apple has a wide range of products to be offered along with many services. It includes Mobile phones, Laptops, IPods, Computers, IPads, Ear pods, Cell Phone cases and all other Tech accessories. There is no doubt that the technology in these products is outstanding but the bigger part is the unparalleled marketing strategies used by apple which is like spellbind to the customers that makes them want to buy their latest products as soon as it is launched. Apple is not only doing marketing but is also selling a premium experience to use and feel the latest technology which is so promising that once you buy it you won’t be bored of it because of constant system updates provided by them. It knows what their customers are really looking for in a product.

1.  INNOVATION

Apple quote by Steve Jobs


Every year around September apple tends to launch its new product range. The new range of products is always introduced with a new feature or design which is better and faster than the previous ones. For instance in 2018 Apple launched its IPhone XS with Dual in built camera to click portrait shots along with top notch display refreshment rate but in 2019, Apple launched IPhone 11Pro with Triple in built camera to capture not only portraits but all wide angle photographs with better screen resolution. This phone is the best product in market compared to the phones of all leading competitors. “Stay Hungry, Stay Foolish” was quoted by Steve Jobs which says that ever be satisfied with same things and always keep pushing forward to your limits.

2.  AMAZING STORE INTERIORS

Apple Store Interior Design


When you enter an Apple store the first thing that catches your eyes are the interiors of each and every store. Every store that apple owns has a standardized color scheme and interiors. The White color is so appealing and clean that you won’t be able to resist yourself from entering the store. This color strategy and naked windows are an attraction plan from the apple to show how luxurious the experience can be when you enter the Apple store. Every small thing inside the store is set in an appealing manner that is nearly impossible to ignore and pass by.

 

 

3.   BEST CUSTOMER MANAGEMENT.

Specialist helping Customers in store


Apple customer executives are trained on the principles of enriching the lives of their customers. They focus more on providing the customers with greatest buying experience that they have ever lived. Apple calls their employees as specialists which makes them different from other sales employees. These specialists gives you a personal warm welcome whenever you enter the store and start developing a communication with you to know completely about your needs and specifications about the product you are looking for so that, they can provide you with the best possible solution which you can take back home and be satisfied about. If you are facing any sort of issues or concerns regarding the purchased product they offer you a complete assistance to resolve the issues and when the doubts are cleared they offer an invitation to return again anytime if you are facing new problems, they are happy to help customers anytime. These services tactics offered by Apple is inspired from the luxury hotel The Ritz-Carlton where the guests are treated like Gods. They also have a section called as Apple genius bar where top techies teach you about the latest technology in their products. They believe that communication is the key for selling products. These people at Apple have a magnetic and friendly personality which takes the buying and selling experience to greater heights.

4.  UNBEATABLE ADVERTISING

Advertize of new phone launch


”People do judge a book by its cover… you may have the best product; but if you present them poorly, they will be perceived poorly; if you present them in a creative manner it will impute the desired qualities.”  This is the mantra followed by Mike Markkula that makes Apple so creative with their advertising. Empathy, Focus and Impute are the basis of advertising the products that is still used by Apple. Apple focuses on people empathy that creates a better impact on the person viewing the ads. Rather than explaining the overall features of the products Apple shows that how the products give a premium feel in their hands and how better the design is compared to other competitors. Apple also focused on creating and advertising limited range of products rather than creating multiple product line with same features. Apple brainstorms the ads in the peoples mind by the way it is presented, for example; if the ad says that the camera processor is purely designed to make and captures best pictures then people do believe it without having any second thoughts because of the way it is presented to their audience. Advertizes include how luxurious the build quality is so that you can flaunt it proudly in public places and how elite you can look when using an Apple device. Apple also considers human emotions as a plus point when creating an advertisement to connect directly and instantly with the viewers. Apple as created a mindset that their products are a Status symbol and not just any ordinary device.

5.  EXCELLENT PSYCHOLOGICAL MARKETING.

Marketing philosphy of Apple



Despite of Apple being one of the most expensive products in the market, it is also the leading companies in the world with highest market cap ever. So what makes Apple so sure about selling the products constantly even at higher prices?? They create a mysterious hype about their upcoming products on social media platforms. Apple’s main expenditure in marketing is advertising the product on media channels. To sell a product this confidently it is very important to have a marketing story that will engage people in listening and creating a powerful impact on the audiences mind. Psychology plays an important role in building marketing strategies. The introduction of Apple’s new product launch is always in a video format and this video leaves you blown away like what master piece they have created this time. This sets the audience in a mood when you watch the ads.

It makes you curious to know more about the product. Apple is not just a company but with time it has evolved into a Brand that is considered as Status Quo. Evolving into a Brand has helped Apple to establish its reputation in the market.

Rather than explaining you the whole specification keynote Apple focuses on comparing the new product with the earlier ones. For example, if the previous phone was having X performance rate then this new product is having 3X performance that is 1:3 times better in running latest applications. This helps the people to understand is quicker rather than going into deep technological terms compared to its competitors. Visual storytelling helps Apple to make you think that how easy and relaxed your life can get by using this latest technology. What makes Apple’s marketing so unique is that the tap into the customers mind with their story and makes people think more about the product by leaving certain gaps to be explored by people themselves. This creates crazy hype in the market and is the main reason why people talk a lot about Apple’s latest products and keynotes. Apple is bringing people to come together and think about the products impact in their life. In short Apple plays with the psychology of human emotions and forces them to believe in themselves and that, Nothing is impossible and if you have the will to change this world you are a superhero.

6.  WHY APPLE IS DIFFERENT FROM OTHER COMPETITORS?

Privacy is Apple's best feature 


Apple had developed its own running software known as IOS which is smoother than any Operating System in the market. The main feature of Apple is that they have continued to establish a great privacy record which is not at all easy to be cracked. This gives the IOS user a safer experience compared to Android which can be easily accessed by as viruses and defects. Apple has a very safe and secure user data policy which won’t sell out your details to data buyers at any cost. Apple also has its own userface, hardware, OS and various applications which can do each and every possible task that other applications can do which needs to be downloaded and charges heavy money. Apple has its own cloud server which makes it super easy to upload and offload files of any size and is safely protected from hackers. This helps to save your data and increases storage space on your device. The build quality and the latest designs are a key factor when buy a product. The designs are unbeatable till date and are still durable with long life. The color saturation in the camera, flowing and user friendly interface, top notch display quality, self owned entertainment applications all these things makes  Apple different and unique from all the competitors in market.

7 . What we can learn From Apple ?

Message to people


     

What you can learn from Apple is, How to grow your business or company into a well established brand. You should know what your customers are looking for and what is the best you can provide to them. Doing market research is necessary to develop the best product with latest technologies and let your product speak for itself. Next we can see is how the deal with customers. People are not only looking for a product they want to buy the product from a person whom they feel they can trust. Try to provide a great hospitality experience. Let this be their happiest and satisfied purchase which will make them come back to you next time. Learn how to make the perfect Advertizes to target your customers. Tell people about your product in such a way that make them think more about what new the product can offer. Build up hype before launching a new product or services by proper advertising. Develop a story that engages people in it and makes them believe to trust you. Don’t just sell the product make a bond with your customers.

At last I would conclude that Apple is not only the leading technological researcher and manufacturer but is also the best marketing planner for selling its products. Apple has inspired people to think differently and think bigger. Apple has covered all the spectrum of being a successful Brand in the market. It has become an example of pride and status by its design and built quality that, many competitors are trying to level up their products quality as good as Apple and copying the designs as well. But as it is said it’s not only about the product it’s about the entire experience of building a fan base and giving a hope to your customers that no matter what happens you have us standing behind and helping you come over all your problems and making your life a better picture than you could imagine. “Think Different to make a Difference”.


 



27 September 2020

Avoid content chaos and zoom towards success!

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Content is king now. This is the best time to be in content marketing, especially in India. The tide is in our favour. But with this exciting opportunity there are big challenges to overcome too. We need to always be aware of these challenges when we’re creating content, planning campaigns or user-engagement exercises. Once we’re super aware of these challenges and focus all our actions towards doing the right things, that’s when the magic happens. Let us create magic by knowing what we should do.

Content, content everywhere 

Did you know that Facebook can potentially show you 2,000 posts every day? If it starts showing so many posts daily, what will you do? You’ll stop using Facebook; there’s too much to handle in life already. That’s bad for business for the social media platform and so they curate (with the help of a newsfeed algorithm) and show you only what’s relevant to you. Take the case of WhatsApp, where there is no filtering. How many WhatsApp groups do you have on mute for an entire year? I have muted every single group, from family groups to old school friends to alumni groups. If they gave us the option for muting the groups for a lifetime, I’d be the first to mute them all. This content chaos is what we sift through daily. In some cases, platforms filter for us and show us what’s relevant (Facebook, Twitter, Instagram and LinkedIn, for example), in others we do it ourselves (the

WhatsApp mute, for instance). Today, on social media newsfeeds, there is an overwhelming amount of content chaos. 

‘Today, on social media newsfeeds, there is an overwhelming amount of content chaos.’ 



Even in metros, everyone is busy consuming content. The sea of commuters is hooked to their shiny glass slabs – some playing games, others almost always watching videos. It made me realize that all the effort put into creating content or videos, be it a $2 million project with a celebrity production crew or a low-budget video shot on a phone, is gone with one swipe up of the thumb. Every brand or content creator is competing to stop that thumb from swiping. The sheer volume of content available adds to the chaos in which the user lives. Further, user behaviour in Tier I cities seems different from that of Tier II cities. For example, Hindi and regional-language content tops the charts in Tier II and Tier III towns, compared to big cities. 

‘All the effort put into creating videos, be it a $2 million project with a celebrity production crew or a low-budget video shot on a phone, is gone with one swipe up of the thumb.’



Our focus must be to keep in mind that our content will live in chaos, and must be designed to stand out, hold the users’ hand and take them on a journey. 

Too much competition 

Another big challenge facing content creators and marketers is that there’s too much competition in the newsfeed as well. Everyone and their cousin can create content today. Heck, everyone has got a smartphone in their pocket and can shoot HD videos. When the number of content creators increases on a platform, the organic reach keeps decreasing. Since everyone is competing for user attention, platforms start monetizing the reach, their core business pillar – ‘distribution’. Platforms incentivize content creators by giving them a lot of visibility in the beginning, which brings them their audience (the user base). Once there are enough content creators, and user behaviour becomes all about spending more time consuming the content, platforms start monetizing the reach. Facebook did it earlier, and now LinkedIn is doing it – giving a lot of visibility if you post videos right now, and, once it becomes mainstream, it’s moolah for them, and a chance to milk the ‘content distribution’ cow.

Conclusion

We can either spend millions to reach your user base (most big-budget brands do that, with lousy ads shoved in our faces all the time, on every platform, until their budgets run out) or make your content so incredibly powerful that it spreads like wildfire, is shared like crazy and becomes ‘viral’ regardless of a low budget. This is the reason why so many start-ups are killing big brands on social media. As a start-up, when you have little to no budget and are without resources, you’re forced to improvise. Creativity shines in times of scarcity. Today, start-ups have the balls to compete with brands with deep pockets because they don’t just get customers but evangelists – people who share their content and talk about them. Big brands aren’t scared of other big brands today, but rather of teams of eight in a basement somewhere, who can knock their socks off. For the fact is the digital world is extremely democratic and open to all. Anyone can be a success. for today, even a simple start up has the same access to the market as a leading global brand.



It would help if all of us logon to the online world and then move forward to become global success stories. This is surely possible with the internet being accessible to all of us. This would of course be beneficial for our personal growth as well as our careers. For, we are as good as dead if we cease to think and by extension, learn. The new world encourages and makes it possible for us to be eternal learners and move forward. We all, whether students or professionals can begin any time to remain relevant and add more value to our own selves and that of our organisation, if we belong to it. It is time we understood the world is now completely digital and create relevant content to attract all. This is what we all need to learn else we may be left behind. This is why we at IDM ensure all aspects of the digital world is completely understood and applied in live projects.  We do this both with students and MSMEs and are partners in their digital journey. For, their success is our success. This is also why we are one of the few companies who give 100% job guarantee in writing.

26 September 2020

Amazon and Google are the new modern Takshashila and Nalanda University.. Join to succeed!


Learning is available for all everywhere now. This is why Amazon and Google are the new modern Takshashila and Nalanda Universities. There is no barrier for anyone here. So AI is what will make people learn online.
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Ancient Indian institutes

Institutions of ancient India such as Takshashila, Nalanda,Vikramshila, Vallabhi, set the highest standards of multidisciplinary teaching and research and hosted scholars and students from across backgrounds and countries. These had many avenues such as mathematics, astronomy, metallurgy, medical science and surgery, civil engineering, architecture, shipbuilding and navigation, yoga, fine arts, chess, and more. .The world has now changed. Hence, we must adapt to the new reality. The government and the new education policy must help recruit the very best and brightest to enter the teaching profession at all levels, by ensuring livelihood, respect, dignity, and autonomy, while also instilling in the system basic methods of quality control and accountability. The new education policy must provide to all students, irrespective of their place of residence, a quality education system, with particular focus on historically marginalized, disadvantaged, and underrepresented groups. It is now AI with Google and Amazon that can make this possible.

The present of AI everywhere.

AI is now present everywhere. This is something we all need to make note of. Let us have a closer look at AI's future in education we turn to some industry insiders. 

 Sergey Karayev, Head of AI for STEM at Turnitin is clear that while AI may increasingly assist instructors in performing tasks that are mostly mechanical, for example, grading with helpful feedback, or identifying students that are about to struggle on a test. On the student side, AI will be able to provide increasingly complex services, such as suggesting ways to improve their writing, providing hints for solving math problems, and identifying specific gaps in their knowledge, he avers.


Dan Ayoub, General Manager for Microsoft Education says

“I expect we’ll see three things happen.

First, AI will continue to help students personalize their learning experience and ultimately, see better academic outcomes. Software like Office365 is already using AI to help improve students’ learning experience, but we’re only at the beginning of what’s possible. Today, tools like the editor in Microsoft Word use AI to scan students’ papers and make suggestions for more inclusive language and redundant words. “ He continues by saying even PowerPoint is also now using an AI-powered tool called Presentation Coach. He is clear that these types of naturally integrated AI tools will offer students more control over their learning experience, which boosts their confidence and overall love of learning.

Secondly, at an institutional level, he thinks we’ll see more and more universities using AI to track student performance and predict patterns, enabling the university to proactively address student needs, which also improves student retention rates.

Vishen Lakhiani, CEO of Mindvalley sees the future of A.I. as self-directed learning. He avers, “Students who embrace A.I. are casting aside more traditional, and often outdated curriculums, to pursue and plan their dream lives. They’re encouraged to create a vision for who and what they want to be in the world and what they want their relationships to look like. This is done by opening up people's eyes to the possibilities of the world and writing these down in some sort of platform. It then works backwards to create custom education to achieve that vision of who you want to be.”


Learning is a social process as you learn a lot from others: our brains have been set up to learn this way by looking at peers, repeating gestures, comparing experiences, combining ideas, trying and failing before succeeding, having pleasure and/or feeling the challenges in the process, etc. 

Indeed, we know that AI can augment human skills. We now know that AI+human based analysis is superior to AI alone or humans alone. 

Our views

We can see that all experts are clear that AI is surely going to be part of education. This will surely  enhance the value of education for both the trainers and students.

Conclusion

While people had to travel a lot in the era of Takshashila and Nalanda to learn, learning is available to everywhere at home itself in the new digital era. Our forefathers would have been pleased to see learning spreading everywhere, for sure. This is the best thing about the new, democratic and inclusive universities.


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