wordpress blog stats
Connect with us

Hi, what are you looking for?

New companies need person in leadership who understands data: Sanjeev Bikhchandani

Data

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 are yet to meet one, Bikhchandani said, “with data expertise in the top tables. You need appreciation and understanding of data at the top table”.

How Naukri used data in the early days: Naukri was launched in 1997 but only began using data in the early 2000s. One of the data solutions used on Naukri and Jeevansathi was algorithms that improved search rankings, Bikhchandani explained. For both brands, it was important to implement “two-way matches” wherein a person is not just shown the job or partner they aspire to, but also a job that they will likely get shortlisted for, or a person who will like them back. Data was also applied to reduce applicant scam on Naukri and to push up relevant results (CVs) on Naukri to the top. Relevant and effective algorithms throw up relevant results and save customers, such as Naukri’s paid recruiter clients, time, he said. 

Advertisement. Scroll to continue reading.

Please note that quotes are not verbatim and have been edited for brevity. 

Read more: 

Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Looking at the definition of health data, it is difficult to verify whether health IDs are covered by the Bill.

News

The accession to the Convention brings many advantages, but it could complicate the Brazilian stance at the BRICS and UN levels.

News

In light of the state's emerging digital healthcare apparatus, how does Clause 12 alter the consent and purpose limitation model?

News

The collective implication of leaving out ‘proportionality’ from Clause 12 is to provide very wide discretionary powers to the state.

News

The latest draft is also problematic for companies or service providers that have nothing to with children's data.

You May Also Like

News

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...

Advert

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...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ