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
July 6,2020

The Covid-19 pandemic has made an unprecedented impact on the Indian businesses, particularly small and medium enterprises (SMEs) and startups. According to a joint survey by FICCI and Indian Angel Network (IAN), the pandemic has hit the businesses of around 70% startups.

With uncertainty in the business environment and an unexpected shift in priorities of the government as well as corporates, many startups are struggling to survive, it says.

In a nationwide survey on the 'Impact of Covid-19 on Indian Startups' involving 250 startups, 70% participants said their businesses had been impacted by Covid-19 and around 12% had shut operations.

The survey shows only 22% startups have cash reserves to meet the fixed cost expenses over the next 3-6 months, and 68% are reducing operational and administrative expenses.

Around 30% of the companies said they would retrench employees if the lockdown was extended too long. The 43% startups have already started 20-40% salary cuts over April-June.

Over 33% startups said investors had put the investment decision on hold and 10% said the deals had been scrapped. Only 8% startups had received funds as per the deals signed before Covid-19 outbreak, the survey revealed.

The reduced funding has forced startups to put a hold on business development and manufacturing activities, which has resulted in loss of projected orders.

The survey highlights the need of an urgent relief package for startups, including possible purchase orders from the government, tax relief and swifter tax refunds, and immediate fiscal support measures, including grants, soft loans and payroll grants.

Besides 250 startups, 61 incubators and investors also participated in the survey.

While 96% of investors accepted that their investments in startups had been impacted by Covid-19, 92% said their investments in startups would continue to be low over the next six months.

Around 59% investors said they would prefer to work with the existing portfolio firms in the coming months. Only 41% said they would consider new deals.

"A comparison of priority investment sectors before and during Covid-19 shows 35% investors are now looking at investments in healthcare startups, followed by EdTech, AI/Deep Tech, FinTech and Agri," said the survey.

Around 44% incubators surveyed said their day-to-day operations had been considerably hit by Covid-19. Most incubators are now supporting their portfolio firms by providing them virtual platforms to interact with mentors, investors and industries.

Dilip Chenoy, FICCI Secretary General, said, "The startup sector is stressed for survival at the moment. The investment sentiment is also subdued and is expected to remain so in the coming months. Lack of working capital and cash flows may lead to major layoffs over the next 3-6 months."

Indian startups needed an enabling ecosystem and flow of funds to continue operations, the survey said.

Padmaja Ruparel, President, Indian Angel Network & Co-Chair of FICCI Startup Committee, said, "In these uncertain times, as investors, we must play an important role to provide the Indian startups funding, mentoring and hand-holding support to stay afloat and come out at the other end of this crisis."

To that end, IAN recently announced a debt fund to help IAN portfolio companies raise working capital and ensure business continuity by partnering with debt providers.

This must be replicated on a wider scale, so a larger number of startups are provided the capital support to make it during these tough times, Ruparel said.

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Agencies
January 20,2020

Washington D.C., Jan 20: An American bride asked for money from her invitees so that they can be on the 'exclusive guest list'.

Weddings can be surely expensive. But is it feasible for one to charge the guests to make up for the expenses?

According to Fox News, that is exactly what happened in a recent American wedding. A 19-year-old shared on Reddit that her cousin was getting married on Sunday and announced that she would charge 50 dollars to those who wanted to attend her wedding.

"She said that they can Venmo her money so there won't be no [sic] problems and everyone who paid will be added onto the 'exclusive guest list' which basically means you won't have to wait in line while other guests pay," wrote the user named DaintySheep.

While she refused to pay for entry into her cousin's wedding the bride-to-be contacted the elders in the family which ended up in an embarrassing situation.

"She wanted to get the money she spent on her special day back. I told her I wouldn't be able to come because this was outrageous and that I wish her well on her special day. She contacted my aunt and my aunt called me cheap and rude. My parents offered to pay for my entry, but I refused," continued the disheartened girl.

While in almost every nook and cranny of the world gifting the bride-groom with money is a tradition, asking for money from friends and family to replenish the money spent on a wedding is can be said to be a rare scenario.

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Agencies
March 3,2020

Facebook on Monday launched a new consumer marketing campaign in India titled 'More Together'. India is the first country in the Asia Pacific region where such a campaign is being rolled out.

It is also the first time that Facebook is rolling out a 'high decibel campaign of this stature in India', the company said in a statement.

It is also the first time that Facebook is rolling out a 'high decibel campaign of this stature in India', the company said in a statement.

"India is at the heart of Facebook and one of our focus areas this year is to tell the exciting story of a service that is deeply embedded in the fabric of India," said Ajit Mohan, Vice President and Managing Director, Facebook India.

The campaign would have multiple campaigns over the next few weeks in eight languages and the one will be set in the context of Holi.

Facebook in 2019 introduced a new company logo to further distinguish the company from the Facebook app.

The company recently announced the appointment of Avinash Pant as the Marketing Director for India operations, to drive the consumer marketing efforts across the family of apps.

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