New companies that are starting out very often do not have a person at leadership who understands data and its usage or has any past experience with data, according to Sanjeev Bikhchandani, chairman of Info Edge India. Young companies do not use data the way they can or should, either because they're not aware of the benefits or they don't know how to. Explaining how Info Edge used data in the early days, he said that new startups don't recognize the importance of data (understand it and its analytics) and often new businesses do not have enough of their own data to build an algorithm. However, "startups will be well-advised to understand and appreciate the importance of data to build smarter products", he said, speaking at a conversation at the India Digital Summit held earlier this month. The founding teams of startups are very often friends who went to the same college, school, or B-School. Most often than not, founders may choose a person with the same skill set simply because they are friends and factors such as moral support and trust are considered more important. This results in certain essential skills being left out of the founding team, he explained. "We [Naukri/Info Edge] didn't have a top tech person when we started, we ended up underinvesting in tech in the first 5-6 years. As data becomes important, its appreciation needs to be understood by the leadership," Bikchandani said. Info Edge meets startups every month for possible investments but they…
- The Fine Line: Regulating Real Money Gaming in India #QuickTake February 4, 2023
- Join the Club: Along with Telegram, WhatsApp Also Faces Copyright Infringement Cases at Delhi HC February 4, 2023
- Microsoft Teams Premium to incorporate ChatGPT: 4 key take aways February 3, 2023
- Update: Supreme Court Asks Indian Govt to Produce Records Issued To ‘Block’ BBC Documentary February 3, 2023
- RTI: Nearly 5,000 URLs blocked under Section 69A in the first 10 months of 2022 February 3, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...