Data, AI, health: test your business creativity with Edition 224 of our weekly quiz!
This insightful feature from YourStory tests and strengthens your business acumen! Here are 5 questions to kick off this 224th quiz. Ready?
Lateral Sparks, the weekly quiz from YourStory, tests your domain knowledge, business acumen, and lateral thinking skills (see the previous edition here). In this 224th edition of the quiz, we present issues tackled by real-life entrepreneurs in their startup journeys.
What would you do if you were in their shoes? At the end of the quiz, you will find out what the entrepreneurs and innovators themselves actually did. Would you do things differently?
Check out YourStory’s Book Review section as well, with takeaways from over 355 titles on creativity and entrepreneurship, and our weekend PhotoSparks section on creativity in the arts.
Q1: Enterprise reports
Many enterprises lose significant time exporting files, correcting spreadsheets, and rebuilding slides just to produce reports. How can productivity be improved here?
Q2: Vehicle marketplaces
There are significant market opportunities in online matchmaking between pre-owned car sellers and buyers. But how can new opportunities be extended in such a business model?
Q3: Seafood
Significant quantities of seafood are lost or wasted due to inefficient processing and discards during harvesting. Where is the entrepreneurial opportunity in reducing operational complexities here?
Q4: Livestock and production
Climate change is affecting every element of the food chain, including livestock. How can technology help monitoring of livestock and enhance activities like milk production?
Q5: Eye diseases
Diagnosing eye diseases requires bulky machines and specialist clinics, which are often concentrated in large cities. How can such health services be offered for rural areas as well?
Answers!
Congratulations on having come this far! But there’s more to come – answers to these five questions (below), as well as links to articles with more details on the entrepreneurs’ solutions. Happy reading, happy learning – and happy creating!
A1: Enterprise reports
Founded by Prashant Kumar and Pavan Sondur, Coreworks focuses on automating financial and operational reports. Its products connect directly to enterprise data sources such as ERPs, CRMs, and spreadsheets, and generate finished reports without human intervention.
The platform can be used to create quarterly board decks, business review presentations, financial performance and compliance reports, sales and marketing analysis, operational reports, and customer proposal decks. Read more here about how it has raised $5 million in a seed funding round led by Together Fund.
A2: Vehicle marketplaces
Used-car marketplace CARS24 has acquired automotive utility platform Vehicle Info to expand its digital services for vehicle owners. This allows CARS24 to transition beyond vehicle sales into a comprehensive digital ownership platform that provides services like fine payments and service tracking.
The company earlier acquired vehicle management application CarInfo, as well as automotive content and community forum Team-BHP. Read more here about how Vehicle Info allows owners to check registration details and verify insurance validity.
A3: Seafood
Founded by Utham Gowda, Captain Fresh is building a scaled, multi-species seafood brand with integrated value chains, underpinned by digital traceability. Through its technology platform and vertical integration, it expects to reduce seafood waste and improve efficiency for value chain players.
“We are transforming a historically wasteful supply chain into one that actively protects our waters and uplifts communities whose lives depend on it,” explains Utham Gowda, CMD Captain Fresh. Read more here about the company’s seafood brands CenSea, Frime, Koral, Senecrus, ChopServe, Ocean Edge, and Ocean Garden.
A4: Livestock and production
Founded by Manish Kumar and Maya Zeph, Verdant Impact is an AI-led bovine genetics company. It aims to improve traits such as milk yield, meat quality, and animal health through comprehensive livestock health monitoring, genetic diversity tracking, and farm management.
It has also developed an IoT-enabled device designed for real-time herd management and health tracking. Read more here about how Verdant Impact has raised finding from Unicorn India Ventures and Infynyte Club.
A5: Eye diseases
Founded by Anand Sivaraman, healthtech startup Remidio is shrinking ophthalmic diagnostic equipment into portable kits and pairing them with artificial intelligence. This allows frontline healthcare workers to conduct eye screenings using smartphones.
It has deployed over 4,000 devices globally, and conducted close to 16 million screenings across 55+ countries. Read more here about its product portfolio of devices and its AI platform, which are used by Aravind Eye Care, Narayana Nethralaya, and IV Prasad Eye Institute.
YourStory has also published the pocketbook ‘Proverbs and Quotes for Entrepreneurs: A World of Inspiration for Startups’ as a creative and motivational guide for innovators.