An app which may sink email

March 25, 2015

Mar 25: People in the tech industry have been digging a grave for email for more than a decade, but their predictions have always seemed a little out of touch. Email, despite its terrible, horrible, no-good impact on our daily lives, is wonderfully ubiquitous, accessible, forgiving and still apparently a good business. In the last year, Amazon, Dropbox, Google and Microsoft have all announced new email initiatives.

Yet, despite email"s admirable endurance, it"s possible to envision a future in which email – remarkably – is supplanted by new tools that allow people to collaborate in big groups and force upon companies the sort of radical information transparency that many in the tech industry, at least, believe is essential.

sink email app

Slack is a collaboration and communication tool that has drawn inspiration from Internet Relay Chat, an early web tool that was a chat room at its core. Slack, – a start-up with an app to foster business collaboration – is valued at $1.1 billion. The best example of that new sort of communication system comes from Slack, a start-up in San Francisco. It looks similar to several other group chat apps you"ve used before – think AOL Instant Messenger or the nerdier Internet Relay Chat, better known by its initials, IRC.

But Slack has a few unusual features that make it perfectly suited for work, including automatic archiving of all your interactions, a good search engine and the ability to work across just about every device you use. Because it is hosted online and is extremely customisable, Slack is also easy for corporate technology departments to set up and maintain.

These features have helped turn Slack into one of the fastest-growing business applications in history. After only a year in operation, Slack now serves about half a million workers every day as a partial replacement for email, instant messaging and face-to-face meetings. Its base of users is doubling every three months, according to Stewart Butterfield, Slack"s co-founder and chief executive. Butterfield predicts that by the end of the year, two to three million workers around the world will be using Slack.

While the company offers a free version, it makes money by charging businesses a monthly fee of $6.50 or more per user to gain additional features. Butterfield says the company is not yet profitable, but its monthly losses are “a couple hundred thousand dollars a month,” relatively small for a start-up that employs more than 100 people. Slack raised $120 million last fall in an investment that valued the company at more than $1 billion.

Perhaps more impressive than the pace of Slack"s growth is its scope. Slack is being used as the primary means of communication at companies of every size across a range of industries. Customers include Comcast, Walmart, Blue Bottle Coffee, a large number of start-ups and several media companies, including The New York Times.

Slack is hardly alone in trying to create a better way to communicate at work. Google and Microsoft, as well as upstarts like the cloud storage provider Box, the productivity software company Quip and the project-management system Asana, are trying to do something similar. There are also several direct competitors to Slack, including HipChat.

Behind Slack"s rise is Butterfield"s grand vision for the future of the office. He is betting that solo work is on the wane and that as all of our jobs become more complex, more creative and technical feats will be accomplished by teams rather than lone practitioners. To be effective in such an environment, workers will have to become adept at navigating complex team dynamics, and doing so will depend on the sort of nuanced, intimate communication that you can"t get from email. Collaboration also demands another factor in modern workplaces, what Butterfield calls transparency.

“That can be a loaded political term, but we just mean being able to see into different parts of the organisation, which turns out to be important,” Butterfield said. Though it is possible to speak privately in Slack, by default everything you say is visible to everyone else at your company, even people in other departments – a system that Butterfield argues allows for greater collaboration across different parts of a company. Most discussions in Slack are also archived and made searchable.

As a result, over time, the chats build up into a corpus of deep historical knowledge. It is an archive that in Butterfield"s view becomes an important way for people – especially new employees – to understand what"s going on at a company. “Being able to scroll back over the last couple weeks, you get a whole bunch of "soft knowledge" about how the company operates – how people relate to one another at this company, who knows the answers to most questions, who really makes the decisions,” he said.

A communication system offering such radical transparency may shock many workers. Some may resent the idea of their bosses or far-flung colleagues peering in on their discussions. Slack drew some criticism last year when it announced that in its plans for the largest enterprises, it would let tech departments archive workers" private communications for legal compliance reasons.

Pains of adjusting

Even beyond matters of privacy, there will be pains of adjusting. Because Slack usually comes into a company that is already using email, some workers may resent it for being just another thing to check. And workers who thrived in the buttoned-up world of the well-written email may not feel as comfortable in Slack"s playground, one often dominated by constant, ubiquitous connection and the dashed-off quip accompanied by an emoji or a ridiculous animated GIF. But Butterfield"s beliefs fit with the notion, pushed by organisational scholars, that the free flow of information makes companies more effective.

“What we know about organisations in general is that the more knowledge workers have, the more likely it is they make better decisions, and the more likely it is you"ll feel invested in the work,” said James O"Toole, a professor at the University of Southern California Marshall School of Business who has studied the benefits of transparency in the workplace. The idea that workers should chat more freely has become a mainstay of Silicon Valley culture.

“Now, thanks to technology, we have almost a second layer of the business that doesn"t have a hierarchy– it"s much more of a web,” said Aaron Levie, the chief executive of Box, whose tools allow for a similar sort of sharing. “What it means is that you have to be more collaborative instead of hoarding information, which is no longer the way that you add value.”

I"ve noticed this with Slack at The Times. One danger of my job, as a columnist who works in California, is a feeling of disconnection from the mother ship in New York. Using Slack, I can peer into discussions that would never have been accessible to me. I can see how the producers and editors who are handling my column are discussing how to present it, and how the team overseeing the home page is thinking about my work.What"s more, I have a feeling of intimacy with co-workers on the other side of the country that is almost fun. That"s a big deal, for a job.

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Agencies
May 30,2020

The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June.

A top government source said that the Centre is not in favour of increasing tax rates on any goods or service as it could further impact consumption and demand that is already suppressed due the COVID-19 pandemic and lockdown.

It was widely expected that the GST Council could consider raising tax rates and cess on certain non-essential items to boost revenue for states and the Centre. Several states have reportedly taken an over 80-90 per cent hit in GST collections in April, the official data for which has not yet been released by the Centre.

"The need of the hour is to boost consumption and improve demand. By categorising items into essential and non-essential and then raising taxes on non-essential is not what Centre favours. But, the issue on rates and relief will be decided by the GST Council that is meeting next month," the finance ministry official source quoted above said.

The GST Council is chaired by the Union finance minister and thus the views of the Centre play out strongly in the council meetings.

However, the Council will also have to balance the expectations of the states whose revenues have nosedived after the coronavirus outbreak and wide scale disruption to businesses while they have still not been paid GST compensation since the December-January period.

To the question of wider scale job losses in the period of lockdown as businesses get widely impacted, the official said that the Finance Ministry has asked the labour ministry to collect data on job losses during Covid-19 and is constantly engaging with the ministry to oversee job losses and salary cuts.

On restrictions put on Chinese investment in India, the official clarified that no decision had yet been taken to restrict China through the Foreign Portfolio Investment (FPI) route.

Asked about monetising government debt, the official said that the issue would be looked at when we reach a stage. It has not come to that stage yet.

In the government's over Rs 20 lakh crore economic package, the official defended its structure while suggesting that comparisons with the economic packages of other countries should not be drawn as India's needs were different from others.

"We have gone in more reforms that is needed to give strength to the economy. This is required more in our country," the official source said.

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Agencies
June 9,2020

Soon, you may be able to withdraw cash from an ATM without touching any part of the machine. AGS Transact Technologies, a provider of cash and digital payment solutions and automation technology, on Monday said it has successfully developed and tested a touchless ATM solution in light of the COVID-19 pandemic.

The ‘contactless' solution, currently under demo at interested banks, enables a customer to perform all the steps required to withdraw cash from an ATM using the mobile app itself. 

The customer simply has to scan the QR code displayed on the ATM screen and follow the directions on their respective bank's mobile application. 

This includes entering the amount and mPIN required to dispense the cash from the ATM machine. 

According to the company, the QR code feature makes cash withdrawals quicker and more secure, and negates the chances of compromising the ATM Pin or card skimming.

"The new Touchless ATM solution is an extension of the flagship QR Cash solution which ensures safety of the users and will provide a seamless cash withdrawal experience with enhanced security," said Ravi B. Goyal, Chairman and MD, AGS Transact Technologies Ltd.

With minimum investment, the banks can enable this solution for their ATM networks by upgrading the existing software.

AGSTTL has so far installed, maintained and managed a network of over 72,000 ATMs across the country and also provides customised solutions to leading banks. 

The company earlier introduced UPI-QR based Cash withdrawal solution in partnership with Bank of India. 

This is how the solution works.

Open the Bank mobile application on your smartphone and select QR Cash Withdrawal. Enter the amount you wish to withdraw on the mobile app and scan the QR code on the ATM screen.

Next, confirm the amount by clicking on ‘proceed' in the app and enter the mPin to authenticate the transaction. Now collect the cash and receipt and you are done.

"The seamless, cardless and touchless withdrawal method is designed to provide easy transaction flow, without the need to touch the ATM screen or enter the pin," said Mahesh Patel, President and Group Chief Technology Officer, AGS Transact Technologies.

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Agencies
July 13,2020

New Delhi, Jul 13: The Income Tax Department has facilitated a new functionality for banks and post offices to ascertain TDS applicability rates on cash withdrawal of above Rs 20 lakh in case of a non-filer of the income-tax return and that of above Rs 1 crore in case of a filer of the income-tax return.

In a statement, the Central Board of Direct Taxes (CBDT) said that now banks and post offices have to only enter the PAN of the person who is withdrawing cash for ascertaining the applicable rate of TDS.

So far, more than 53,000 verification requests have been executed successfully on this facility, a statement by the CBDT said.

"CBDT today said that this functionality available as 'Verification of applicability u/s 194N' on www.incometaxindiaefiling.gov.in since 1st July 2020, is also made available to the Banks through web-services so that the entire process can be automated and be linked to the Bank's internal core banking solution," it said.

On entering PAN by the bank or the post office, a message will be instantly displayed on the departmental utility: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 1 crore", in case the person withdrawing cash is a filer of the income-tax return.

In case the person withdrawing cash is a non-filer of income tax return, the message shown would be: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 20 lakh and at the rate of 5 per cent if it exceeds Rs 1 crore."

The CBDT said that the data on cash withdrawal indicated that huge amount of cash is withdrawn by the persons who have never filed income-tax returns.

To ensure filing of return by these persons and to keep track on cash withdrawals by the non-filers, and to curb black money, the Finance Act, 2020 with effect from July 1, 2020 further amended IT Act to lower threshold of cash withdrawal to Rs 20 lakh for the applicability of this TDS for the non-filers and also mandated TDS at the higher rate of 5 per cent on cash withdrawal exceeding Rs 1 crore by the non-filers.

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