SOCIAL IMPACT 2.0
Technology is making its way into the social arena and the bottom
of the pyramid as new-age
entrepreneurs embrace it with gusto
to reach a greater number
of people.
Uniphore
Software Systems, which develops voice biometrics and speech
analytics software in 30 global and Indian
languages, is running a pilot
with
taxi and auto-rickshaw drivers in Delhi-National Capital Region to see
if its speech detection technology can be an
effective English-language
teaching
tool. The project is for a telecom company that wants to offer
English learning capsules over the phone to
its subscribers.
The
seven-year-old company, incubated at IIT-Madras' Rural Technology
and Business Incubator, boasts of 70
enterprise clients in industries like
healthcare,
banking, agriculture, financial services using several of its
products
that were originally developed for rural markets.
“Designing
technology for rural customers turned out to be a good
business
bet,“ said Umesh Sachdev, cofounder and chief executive of
Uniphore.
“We realized we had developed technology for the harshest
of
conditions.“
Uniphore's
kitty of products for voice biometrics, speech analytics and
virtual
assistance has found takers also in South-East Asia and the
Middle
East; the company's now targeting the US market. Its technology
has
earned it the backing of investors IDG Ventures, Yournest Fund,
Stata Ventures, Indian Angel Network and
Infosys cofounder Kris
Gopalakrishnan.
Overall, Uniphore had raised about Rs 22 crore in
venture
capital funding, as per its filings for April with the Ministry
of
Corporate Affairs.
Entrepreneurs
like Sachdev herald a movement where the adoption
of
technology to solve problems at scale for large masses of low-income
and rural or small town users is becoming
more commonplace.
Companies
like Forus Health, Artoo, NextDrop, AquaSafi UE LifeSciences,
NowFloats and Skymet are among those
spearheading this.
“Technology
will be a game-changer as far as going to market is concerned
and people at all levels will use it,“ said
Amit Bhatia, chief executive of
industry body Indian Impact Investors
Council (IIIC). “In healthcare,
for
example, technology is bringing prices down and a doctor doesn't
have
to be there at every primary interaction...Technology allows social
enterprises to scale, create low-cost
technologies and products that people
can leverage.“
Venture
capital investors injected $480 million (about Rs 3,200 crore) into
tech and non-tech social enterprises in
2014, compared with $235 million
in the previous year, according to IIIC.
Bengaluru-based
Artoo is rolling out a virtual assistant for field agents of
non-banking
financial companies to manage daily tasks and schedule
appointments
with potential borrowers. “There is a big frenzy out there.
The
one who succeeds will be the one who can give out loans in a day,“
said Sameer Segal, cofounder and CEO of
Artoo.
Artoo,
which originally developed customer relationship management
software
for field agents of microfinance institutions, is repositioning itself
to
cash in on the big boom involving the micro, medium, and small
enterprise
(MSME) sector--or the `missing middle'--that is in dire need of
credit.
The
sector faces a credit gap of Rs 3 lakh crore according to industry
estimates.
In 2014, more than 400 million people borrowed money, but
fewer than one in seven were approved for a
formal loan, according to
a
report by Omidyar Network, the philanthropic investment firm of eBay
founder Pierre Omidyar.
When
Artoo's team went back to the drawing board to design the virtual
assistant,
they had to take into account a significant shift in the behavior
and
usage patterns of this target audience. Both borrowers and field agents
were digitally savvier and comfortable with
applications such as
Facebook
and Whatsapp, said Segal. Now, something as rudimentary
yet time-consuming as collecting a
borrower's contact details can be
captured
by taking a picture of a shop's signage with this product, which
uses optical character recognition
technology.
As the
new economy throws up a bagful of opportunities--many at the
intersection
of consumer internettechnology with potential for scaled
social
impact--designing technology for a grassroots audience requires
an
outside-in approach with a deep understanding of local contexts and needs.
“Technology
by itself is usually not a solution,“ said Phoebe Sengers,
associate
professor in information science and technology studies at
Cornell
University. “You also need to think about how that technology
is going to fit into people's existing
practices, what institutions or
organisations
might be affected by your technology, how it will affect
relationships, be marketed and sold or
otherwise made available and
understandable
to people you want to reach.“
Cultural
variables apart, entrepreneurs say it is important to design
technology
that will function seamlessly in vastly differing environmental
and
geographic conditions. When Uniphore's founders were developing
Akeira,
an interactive voice response software, they realized that their
main challenge was not language but dialect
and accent, which could
vary
every 100 kilometers.
“(Akeira)
needed the ability to handle different dialects. Also, calls
coming
from far-flung areas come with background noise--the signal-to-noise
ratio was skewed,“ said CEO Sachdev.Today,
Akeira supports 150 dialects
globally
and is used by large enterprise clients including SKS Microfinance,
ITC and World Health Partners.
When
Bengaluru-based Forus Health developed 3nethra, a portable
pre-screening
ophthalmologic device, the company ensured it was
rugged
enough to weather arid terrain or rain forests. The device
requires
8-10 watts of power, can work with solar panels, costs a fraction
of western models, and can be used by
minimally trained technicians.
To
date, doctors in 20 countries have used the device to test some
1.5
million people, said K Chandrasekhar, CEO at Forus.
The
`base of the pyramid'--representing the largest but also the
poorest
socio-economic group--provides many contexts that have
strong design constraints, which force a
kind of creativity and fresh
thought, Sengers said.
But
impact requires adoption at the very bottom. For this, technologists
must
put on a business hat to put together a model that they can
convince
small entrepreneurs to adopt. “As technology continues
to
make progress, solutions in the social sector become more and
more
feasible,“ said Gururaj Deshpande, founder of Deshpande
Foundation,
an incubator for social businesses.
“However,
it takes a whole new breed of social entrepreneurs
to
convert the technology platform into solutions..
ET4DEC15
|
Friday, December 11, 2015
TECH/ SOCIAL SPECIAL................ SOCIAL IMPACT 2.0
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