In the early 1980s, soon after he was sacked as a partner at Salomon Brothers, Michael Bloomberg knew what he had to pivot to. Data was fast emerging as the new oil. It was all about providing accurate realtime data to help decision-makers, corporates and traders in their quest for profits. Over the past four decades, economies have boomed and corporate fortunes grown, and the gamble has paid off. Today, Bloomberg is the world’s 16th richest man with a fortune of over $60 billion.
His eponymous Bloomberg LP has become one of the world’s largest financial information and media companies. The Bloomberg terminal has over 325,000 users with subscriptions costing between $20,000 and $24,000 annually. It is a powerhouse of data and research on companies, financial instruments and exchanges from all over the world, which helps traders, analysts and executives make financial calculations, compare investments, analyse and make decisions.
Inspired by the business model, Abhilasha Purwar and her brother Kshitij—working out of a basement in Gurugram—are laying the foundation to build a Bloomberg for the environment. Founded in 2018, their company Blue Sky Analytics collects raw environmental data from public and private sources, uses its technology to decipher the data and makes it user friendly before offering it to potential buyers, including governments, insurance companies, health care providers and agroforestry companies.
Denne historien er fra July 3,2020-utgaven av Forbes India.
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Denne historien er fra July 3,2020-utgaven av Forbes India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet
