Inspire to Innovate Storytelling Movement
(Mission किशोर संदेश : विज्ञान -विकास -विनोद (Educate-Engage-Entertain)
Sunday 14 April 2024
Empowering Bankers: Design Thinking for Success - Exclusive Session by Ravi Saripalle at Prism Institute, Vizianagaram, April 13, 2024
Yesterday I was invited as a Guest Speaker by Prism Institute, Vizianagaram as part of its 50th Year Celebrations. This institute has been producing Bankers and officers for various Competitive Exams for the last 50 years by its founder Prasad Sir, a well-known Banker from Syndicate Bank! Surprisingly, a few guests who visited yesterday were retired as General Managers of various Banks that were produced by this Institute during 1974-80.
I had the privilege to address this group of officers who recently got selected for various Banks and Aspirants.
My topic was a critical need for Design Thinking to survive in a Banking Career.
Thanks to the 5G internet usage, deeper smartphone penetration, expansion of digital payments, frictionless data-led digital lending, risk-mitigated secure data protection, climate-conscious sustainable goals, and collaboration between banks and FinTechs, Banking career is a different position altogether. The volume of industrial+retail+services credit increased from 6 trillion Rs in 2009 to 41 trillion Rs in 2023 by all banks put together.
Banks started using tech interventions like
- Gen AI- Avatar-driven Virtual Assistants/chatbots,
- Gen AI + Predictive Analytics for improving risk assessment, KYC, fortifying fraud detection and credit scoring, Recognising customer behavior trends, credit decisions with automated underwriting
- Martech-AI in marketing, Bhashini AI for multilanguage support,
- IoT sensors data for accurate Agritech, industrial sensors
- Metaverse- Immersive digital experience, Virtual Branches
- Blockchain- Security and Transparency in every transaction so that no scope for any bank fraud in future
- Central bank digital currencies (CBDCs) are a form of digital currency issued by a country's central bank. They are similar to cryptocurrencies, except that their value is fixed by the central bank
- Frictionless credit framework- a standardized API and prioritizing swifter disbursement and scalability
- API-driven data sharing
- Open Network for Digital Commerce- ONDC will lower entry barriers for commerce participation
- Indian Financial Technology & Allied Services- Made transactions more secure
- BaaS Model- Tech-savvy neo-banking FinTechs operating on Banking as a Service (BaaS) platform with regular banks, helping Core banking services possible for traditional banks
- Data monetization- data is money
In this hour of Technology intervention, you tell me what skill a Banker needs?
My Answer is Design Thinking. Design Mindset! An empathy or Human Centred Experiential Innovations.
Do You Agree?
Ravi Saripalle
Thursday 11 April 2024
Adapting to the Beat of AI Timelines: Crafting Our Future Narrative
Monday 8 April 2024
What is the Best Gift an Institution and (or) Parent can offer to Student/Son/Daughter on a Birthday (12-24 Age group)?
Dear Institutional Leaders, Parents or Responsible Relatives or
a Convinced Student
Over the past 14 years, I've been exploring a fundamental
question: What is the most impactful gift an institution or parent can offer to
a student, son, or daughter aged 12-24? Let's evaluate various options:
- 1.
Something
Sweet - Bring them joy for an hour!
- 2.
Dinner
at a Fine Restaurant - Delights them for a day!!
- 3.
Movie
of Favourite Star- Excites them for a week!!
- 4.
A
Stylish Outfit - Keeps them happy for 10 days!!!
- 5.
A
Luxurious Gift - Ensures happiness for a year, perhaps!!!!
But do any of these gifts connect to
their natural intelligence?
Do they help identify individual strengths, guide in career planning, or create hope?
Is there a gift that AI can never replace?
Yes, I propose a potential game-changer:
ü Gift Form: A
Simple Letter
ü Style: Epistolatory
Format Letter (a letter written in the style of a personal correspondence)
ü Content:
o
A brief
reflection on the individual's performance/status over the past year,
highlighting their achievements.
o A reminder of the
individual's strengths based on their natural intelligence assessment.
o
An anecdote on
Design Thinking or an Empathetic Situation, fostering a Design Mindset.
ü Impact: This
gift can bring hope and happiness to the Individual for lifetime!
ü Super Impact:
Organizing a Design Thinking workshop exclusively for the same intelligence and
age group students to aid in career planning.
Do You agree? Do you have questions and
comments? If you are interested, I am ready to assist you in this process.
Please read the detailed proposal at https://rb.gy/fgvvkm and write to me at sdindia2020@gmail.com
You can also follow me on:
- https://www.linkedin.com/in/ravisaripalle/
- https://i2itm.blogspot.com/
- https://www.instagram.com/ravishankarsaripalle/
- https://www.facebook.com/saripalle.ravi
Dr. Ravi Saripalle
Thursday 28 March 2024
Riding Towards Empathy: The Inspiring Journey of Divya Y (3rd Yr, CSM, GVPCE) and Comfort Bikes
Dear Friends and Students,
One year ago, a student named Divya Y
approached me for specific career planning advice. Currently, she is pursuing her
3rd Year B.Tech in Computer Science Engineering (AI-ML) at GVPCE. During
our conversation, I observed a lot of clarity in her thought process and career
decisions. The best career planning service we can offer such individuals is
often not giving any specific advice! I followed this approach with Divya.
Subsequently, she became the CEO of Team Power
Infrastructure India Private Limited, a startup jointly founded by Divya
and her father, Yegi Sreedhar Kumar Garu. I wouldn't have invested in writing
this story if it were a regular and routine idea. However, this startup is
driven by a cause, confidence, and comfort. I closely reviewed her pitch
deck, for which she recently won a 3.5 Lakhs grant from Vignan TBI. It was the
most elegant business pitch deck I've seen. The first slide reads, "How
many of you would like to make life easier for disabled and elderly
people?"
I have been championing the Design Thinking
course at GVPCE for several years. The process begins with empathizing.
After going through their company’s journey, I realized that they are real
practitioners of Design Thinking. Divya and Sreedhar Garu started a startup
named "Comfort Bikes," aiming to provide freedom for people with
disabilities. Comfort Bikes can be customized, run on autopilot mode,
provide gravity chairs, and ensure comfort. It's truly innovative. Initially, I
thought they were only focused on personal segment, but their focus extends to
healthcare (30%), travel (25%), agriculture (20%), business (15%), and personal
(10%) needs. They design their machines and have accumulated established
machinery. Additionally, they manufacture bikes and cycles for regular use.
While Sreedhar Garu is busy with operations, Divya,
as the young CEO, takes care of business pitches, meeting investors, business
promotion, and supporting R&D in finalizing features. Divya’s parents
are highly supportive of her entrepreneurial aspirations!
Last year, their production started, and they
have already sold 500 bikes! Initially, they aimed to manufacture
comfortable cycles for handicapped and elderly individuals, and then uniquely
designed bicycles and tricycles suitable for all age groups in the future. They
are also working on software-driven, AI-driven features to automate simple
decisions.
Appeal to Battery Investors: Currently, they are seeking empathic investors
who understand this business and are interested in investing in batteries.
Business Address: Team Power
Infrastructure India Private Limited, Sathivani Palam, Visakhapatnam. If you
are interested in investment or inquiries, please contact them at comfortbikes9@gmail.com. Divya’s LinkedIn
profile: https://www.linkedin.com/in/divyayegi
Congratulations, Divya! I wish you all the best for
your future and hope to see you as the most successful CEO!
I hope this story inspires many who wish to embark
on Heart-Smart Careers (Entrepreneurship, Intrapreneurship, Risk
appetite-based careers). As I mentioned, there are 4 types of jobs -
Head-Smart, Heart-Smart, Hands-Smart, and Heel-Smart. I wish all students
above 17 years choose their careers based on this 4H-Smart Career Planning
Framework rather than market demand and societal pressure (For more about
this career planning framework, please go through https://i2itm.blogspot.com/2024/03/calling-all-parents-of-children-aged-12.html).
Best
Wishes,
Sunday 24 March 2024
Build/Rebuild Your Career using Natural Intelligence and 4H Framework- Talk at Enterprising Bharat
Today I had a wonderful opportunity to be part of the Enterprising Bharat Conclave as a Jury and Speaker, held at Dr YVS Auditorium, Andhra University, Visakhapatnam.
Tuesday 19 March 2024
"Calling All Parents of Children Aged 12-24 and Educational Leaders! Join Project आकांक्षा (Aakaansha) - Identify Individual Multiple Intelligences, Match with Suitable Job Descriptions and then with Types of Work too to Restore Smiles and Promote Mental Wellness. Enhance Organizational Productivity and Revenue!"
Dear Parents and Educational Leaders,
I have 5 questions for you:
1. Do you agree
that nearly every family grapples with the strain arising from the discord
between children's education, ranking systems, institutional choices, and subsequent career
paths?
2. Do you know
your child/student’s Natural/Foundational Intelligence (FI)/Multiple
Intelligence (MI) (Gardner's MI theory)? Can you identify the Top Two intelligences
possessed among Math-Logic-Reasoning, Musical, Linguistic (Word Smart),
Naturalistic (Nature Smart), Visual/Spatial (Picture Smart), Kinaesthetic/Body
Smart, Intrapersonal (Self Smart), Interpersonal (People Smart)?
3. If so, are
they in the Foundational Stage, Intermediate, Advanced, Exemplary, or
Eminence stage?
4. Do you agree
that students are admitted based on ranks, and they are heavily influenced by
IQ-driven tests, completely ignoring their Emotional Quotient (EQ), Social
Quotient (SQ), Adversity Quotient (AQ), Physical Quotient (PQ)?
5. Do you agree
that educational decisions are often influenced by market demand/peer societal
pressure rather
than individual Natural Foundational intelligence(s) (FI)/Multiple Intelligence
(MI)?
Finally, this recurring cycle not only fails to
benefit individuals but also negatively impacts overall company productivity,
taking a toll on both individual well-being and organizational effectiveness.
What is the Potential Solution? Answer is Project आकांक्षा (Aakaansha)
In light of these challenges, we request you to
consider the potential solution - the 'Intelligence & Mental
Wellness-driven 4H Career Planning Framework.' This framework is designed
to empower individuals and organizations alike, offering a holistic approach to
individual mental wellness and better career planning.
Please watch the proposal video https://www.youtube.com/watch?v=0pICOv7yC-w
and https://www.youtube.com/watch?v=wC6qqp0jcXs
Highlights of the Solution:
1.
Identify the Top Two Foundational Intelligences
(FI)/Multiple Intelligences (MI) of Children/Students.
2. Assess the current level of Intelligence (Foundational,
Intermediate, Advanced, Exemplary, Eminence). Based on this, help them upgrade
to the next level by the age of 17.
3. At the age of 18 or beyond (during UG), assist them in
taking up internships connected to their Top 2 Intelligences.
4.
If an individual decides to pursue higher education,
ideally their Masters should be directly connected to their Top 2 FI/MI.
5.
For those opting for a job, the following process would apply:
General
Principles
ü
Best
Case Scenario - Top
Two Intelligences are aligned with the Job Description, benefiting both the
individual and the organization (mental wellness, organizational productivity,
revenue impact, sustainability).
ü
Average
Case Scenario - Top
Two Intelligences are partially aligned with the Job Description, focusing on
individual happiness while improving organization productivity.
ü
Worst
Case Scenario - Top
Two Intelligences are weakly aligned with the Job Description, resulting in
individual unhappiness and a negative impact on organization productivity.
Intelligence vs Job Description vs Nature of
Job/Work
It is not just Intelligence and Job
Description that should match, but the Type or Nature of the Work within that Job
Description should also match.
ü
Head-Smart
Jobs - More
Research Oriented, Algorithmic Centred, Logic/Reasoning Involved, Heavy
domain-centric - Individuals exhibiting these characteristics while practicing
their Top Two Intelligences are fit for Head-Smart Jobs (High IQ, reasonable
EQ/AQ/SQ).
ü
Heart-Smart
Jobs - More Risk
Appetite, Entrepreneurial Qualities, People-Centric, Networking, Social Impact
Mindset, Growth Mindset - Individuals exhibiting these characteristics while
practicing their Top Two Intelligences are fit for Heart-Smart Jobs (More
EQ-SQ-AQ and reasonable IQ).
ü
Hands-Smart
Jobs - More
Hands-On Skills, Quick Replication of Ideas, Prototypes Making, Field Work,
Quick Results, Non-specialization - Individuals exhibiting these
characteristics while practicing their Top Two Intelligences are fit for
Hands-Smart Jobs (Reasonable IQ-EQ-SQ-AQ).
ü
Heels-Smart
Jobs - More
Physical Strength Needed, Job Connected Body Fitness - Individuals exhibiting
these characteristics while practicing their Top 2 Intelligences are fit for
Heels-Smart Jobs (More Physical Quotient (PQ), Reasonable IQ-EQ-SQ-AQ).
In a Nutshell, 3 Rules for a Happy,
Sustainable, and Productive Society:
1. If an individual's Top Two Intelligences are Identified
and Practiced, it contributes to Individual Happiness & Mental
Well-being.
2. If an individual's Top Two Intelligences match the Job
Description, it enhances individual and organizational
productivity and revenue impact.
3. The World holds only four job types 4H - Head-Smart,
Heart-Smart, Hands-Smart, and Heels-Smart. If an individual's Intelligence,
Job Description, and Nature of Job or Work all align, it leads to
improvements in individual, organizational, and societal productivity, forming
a Happy Society!
Dr. Ravi Saripalle
Founder,
Inspire to Innovate Storytelling Movement