Tag: dailyprompt-1957

28COE Quotes Book 100 Members Vol-2

I am grateful to be invited to this 28COE (Credentials of Entrepreneurs) Quotes Book.

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In this second volume, you’ll find a carefully curated selection of quotes from renowned entrepreneurs, visionaries, academicians, and leaders from various walks of life. Each page is adorned with wisdom that transcends time, offering you a powerful tool to navigate the challenges and triumphs that lie ahead. These quotes are the stepping stones to unlocking your potential and embarking on a remarkable adventure of self-discovery.

“28COE Quotes Book 100 Members Vol-2” is a testament to the human spirit, capturing the essence of our shared experiences, dreams, and aspirations. Whether you seek motivation in your personal or professional life, this book will be your constant companion, igniting a fire within you and propelling you toward greatness.

Key Features:

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Embark on a journey of self-discovery and enlightenment as you explore the profound teachings within “28COE Quotes Book 100 Members Vol-2” Let the power of words open doors to new possibilities and inspire you to reach new heights. Dive into this enchanting book and allow your imagination to soar; within these pages, you’ll find a world of endless inspiration and transformative lessons.

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7 Tips How to Get Your Startup Acquired

Here are some tips to make your startup a strategic fit for potential acquirers:

  1. Understand Your Potential Acquirers: Research potential acquirers in your industry to understand their business models, strategies, and areas of focus. Understanding what they are looking for can help you position your startup to meet those needs.
  2. Align Your Product/Service: Develop products or services that complement those of potential acquirers. This could be something that enhances their existing offerings or fills a gap in their product line.
  3. Target the Same Customer Base: If your startup serves the same customer base as a potential acquirer, this could increase your strategic fit. It allows the acquiring company to cross-sell or upsell their services to your customers and vice versa.
  4. Adapt to Their Technology: If possible, ensure your technology is compatible with that of potential acquirers. This could reduce the cost and complexity of integration post-acquisition.
  5. Focus on Shared Values and Culture: Cultural fit is often an overlooked aspect of acquisitions. If your startup shares similar values and corporate culture with a potential acquirer, it could make the transition smoother and increase your strategic fit.
  6. Address Market Gaps: If your startup can address a market gap that a potential acquirer cannot currently fill, it makes your company an attractive prospect.
  7. Provide Strategic Advantages: This could be in the form of unique intellectual property, market presence, key partnerships or anything else that can give a potential acquirer a strategic advantage in the market.

Remember, being a strategic fit isn’t about losing your identity as a business, but rather aligning your unique strengths with the needs and strategy of a potential acquirer.

Curb Ticket Scalping by Limiting Purchases, Block IPs, DelayTicket Sales, Suggest experts

[Article originally published at Sinar Daily – “Curb ticket scalping by limiting purchases, block IPs, delay ticket sales, suggest experts” on May 23, 2023]

SHAH ALAM – Ticket scalpers reselling tickets for the upcoming Coldplay concert in Malaysia at inflated prices has sparked widespread discussion and concern in recent weeks.

The reselling of tickets at double the original price has garnered significant attention from both the public and authorities as scalpers use automated bots to purchase tickets in large quantities from authorised sources, only to resell them at a higher price, resulting in unfair pricing practices.

According to Imperva, a cyber security software company, it said almost 40 per cent of all ticket purchases online are estimated to be by scalper bots.

Ticket scalping is one of the key threats faced by the ticketing industry, resulting in lost revenue to secondary marketplaces, as well as reputational damage and even, potentially, loss of partnerships with organisers and other stakeholders.

Chief Executive Officer Dr Mazlan Abbas said it is challenging to stop scalping due to several reasons.

“Changing strategies. Scalpers consistently modify their approaches to evade security measures, resulting in an ongoing challenge to stay ahead of their tactics.

“Next is the problem with technology constraints. Ticketing systems often face difficulties in finding a balance between security requirements and user convenience,” he said to Sinar Daily.

However, Mazlan said there are several defence strategies that can be employed to combat ticket bots.

Mazlan said the implementation of advanced Captchas and puzzles can be an effective measure to differentiate between human users and bots.

He further said to prevent mass purchases driven by bots, rate limiting and IP blocking can be employed.

These measures involve imposing restrictions on the number of tickets an individual or IP address can purchase, thereby mitigating the impact of bot-driven activities, he added.

Commenting further, Windows Server Engineer Lakmidran Sasedaran said selling tickets two hours before the showtime could reduce ticket scalping issues.

“Stop early bird ticket selling. The event planner could start selling tickets at least two hours before the show time.

“This will cut down ticket scalpers,” he added.

Lakmidran further said the lack of initiative to implement appropriate technologies to curb ticket scalping has made it increasingly challenging to prevent such practices.

“Technology to curb ticket scalping would need huge amount of money to build the software and to block scalpers to resale the ticket.

“Also not many will implement this technology since it’s not a big a deal for anyone except the clients or customers who are unable to attend the event or show,” he further said.

The existence of accounts on various platforms reselling Coldplay concert tickets at excessively high prices, reaching up to RM43,200 has sparked widespread criticism from the public.

The exorbitant pricing practices of these ticket resellers have attracted significant attention on social media, further fueling public outrage.

The highly anticipated Music of the Spheres World Tour by Coldplay is set to take place on November 22 at the Bukit Jalil National Stadium, marking the band’s inaugural concert in Malaysia.

Malaysia must capitalise on AI-based tools like ChatGPT

[Original article published in Sinar Daily (6 Feb. 2023) – “Malaysia must capitalise on AI-based tools like ChatGPT” ]

SHAH ALAM – With opportunities and challenges that come along with Artificial Intelligence (AI), tech players in Malaysia call for the government to come up with a vision to pursue an endeavour in the booming industry.

While sharing his experience using a recently launched AI tool named ChatGPT, tech start-up owner Dr Mazlan Abbas who was a former lecturer expressed his concern over students at school and university who may just blindly pump answers out of the information tank without bothering to understand any of it.

He worried that they can just copy and paste and cheat with all the answers taken from ChatGPT. Mazlan said, “That’s a possible problem with students; plagiarism.”

ChatGPT or in its full form, Chat Generative Pre-trained Tansformer, is an advanced AI chatbot trained or taught using a set of data which in result, has enabled it to interact in a conversational way. Equipped with a family of large language models, Chat GPT is capable of answering follow-up questions, admit mistakes, challenge incorrect premises and reject inappropriate requests.

The startup CEO compared it to Google which would just blow out a whole bunch of findings he would need to scan through first. In contrast, ChatGPT would hand him a direct answer to a question which he noted depends on the information supplied into its database by humans prior.

Between pros and cons, Mazlan himself claimed that he leans more towards the first outcome as it acts as his assistant without actually taking over his task entirely. To make his point clearer, he said, “The one to ask questions is us. It only helps to give answers.”

Visiting other concerns such as the scam issue, Mazlan revealed that with necessary information put into ChatGPT’s database, it can be positively used to tell the validity of a piece of information. Hence, despite the inevitable challenges, he still found that the technology can do good and assist in existing tasks.

Meanwhile, Terato Tech founder and RONPOS president Reza Razali said that the government needs to look into how the accommodation can be regulated to address the issues mentioned. However, since the tech is relatively new, he suggested that the regulation just needs to give a framework of what needs to be done and does not need to be too strict at this point of time.