I hear you…
Building and changing anything in a Monolith system is not easy. As you grow as a company you will feel this pain and it will just grow.
Now that you have made the mistake of building a Monolith, lets start resolving it.
Note: This is a time taking process and benefits will only come with time.
As per Martin Fowler, best way is to go for Strangler Fig Pattern. In this pattern you should actually strangulate your monolith with time by building microservices around it and moving away from it service by service by service.
Last year and now, the COVID-19 pandemic more than anything has forced disruption in almost every industry hasn’t spared Insurance industry either.
It has certainly triggered a transformation where multiple aspects of Insurers are being re-examined — from product creation, distribution to operations. These changes are underpinned by the need to go remote, digital and contactless.
In my opinion, Insurers will spend the most money and time in 5areas below
A new financial year has just begun. Everyone in the organization may be setting up their quarterly, half yearly or annual goals.
Those goals will get defined basis the strategic goals of the company and one thing which is common on all the companies strategic sheet is to adopt AI.
Adopting AI isn’t easy. A lot of efforts and POCs can go wrong and you can end up wasting one year with no proper ROI or end up with a black box model which no one will know what result will come as an output and with regulations getting stricter…
Note: If you are new to SAAS and Multitenancy then this article is for you
Let’s first try to address what SAAS and Micro- SAAS is.
SAAS: With the problems of on premise deployments and customization rising, this type of software licensing and delivery model came into being in which software is licensed on a subscription basis and is centrally hosted.
Micro-SAAS: This is a micro service built by people who believe in building something niche, location-independent, have low overheads, high margins and relatively low risk for the company. Some examples: HypeFury
Now starting with our main…
In the famous Google paper published by Sculley et al. in 2015 “Hidden Technical Debt in Machine Learning Systems”, they say that in Machine Learning (ML) systems, only a small block is actual ML code.
Being a Product Manager for an AI driven underwriting product, I have figured out that Machine learning code becomes stale faster than milk.
Every now and then, client would come up with a new requirement to add new variable (Data point)and for them its just one new variable but for the team it may become a whole new cycle of rebuilding the model, check for…
Customer onboarding landscape is changing, soon it will be known as BC (Before Corona) and AC (After Corona).
Customer Onboarding/KYC used to happen on ground with physical document submission and verification by humans in person, though the process has seen a few attempts of digitization of process like Aadhaar eKYC, came in and was stopped again, Digital KYC came in without clarity on its legality in BC (before corona period).
Now fortunately, RBI came up finally with Video KYC regulation at the start of the year while we were watching China tackle coronavirus.
After Corona (AC), will see a lot…
All you need to know about recent Video KYC regulation by RBI
These regulations applies to all regulated entities i.e. NBFCs, Fintech, Banks and Customer doesn’t need to be present in person for On-boarding.
Someone has said it right.
Our limitations are created by ourselves. There is not even a single thing which we cant achieve. But…..
Let’s see this video of Virat Kohli reminiscing about how he transformed from being ordinary to the world-class champion that he is today.
He comes back home after a bad day at the game , has a shower, comes out, stands in front of a mirror and looks at himself. He is ashamed of what he sees. An unfit athlete trying to compete at the highest level. Something happens- may be extreme shame- he wants to…
1. First things first. Understand your current market fully, be a superstar and than think about expanding. Foundation is the key.
2. Understand the process of your product utilization in that particular region. It’s highly unlikely that the process will remain the same as in your current region/geography.
3. Try to enter with Strategic Partnerships, will help you to stay lean and test the waters.
4. Take an accelerator way (Don’t give equity for this) many good names out there. Spend few months, understand and then go Big Bang.
5. Spend at least few months building up strategy around launch…
A Product Manager and A believer who jumped into the startup world with dreams!