Business Strategy E Magazine - November 2022

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GST Council of India - Fighting Against Tax Evasion

The gST taxation in india has been a heated debate right from its inception. For the past few days, there has been great turmoil about the laws and judicial matters regarding gST taxation across the country. now, the gST council strictly clarifies all jurisdictional issues and commands the enforcement wing to follow the show cause notices devised by the council.

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it is time for the state and central authorities to complete all the meaningful actions against the parties detected with gST evasion. The Secretariat of the gST council has specified that show-cause notices are being issued with various tools and techniques, and gST evasion detection is being prioritized by the Finance department of the indian government. Multiple investigation memorandums have been elicited for better functioning.

The annual gST evasion turnover is estimated at 1.5 crores. Inflation is one of the current key concerns before the GST council. The gST council members will hold meetings in Madurai before mid-november to clarify the issues and elicit certain action plans. The gST council also plans to levy heavy taxes on online gaming. new policies are apprehended to be passed regarding the rationalization of the gST rates in the 48th gST council meeting.

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Dr. Vaneeta aggarwal Founder & CEo

HEAlTHCArE SySTEM in inDia

in india, healthcare is primarily provided by the state government. The healthcare system in india has produced some of the finest medical surgeons and tools in the industry by capitalizing on the vast human capital available in the country.

in 2005, the national Rural Health Mission was formed to address the lack of medical coverage in rural areas. This mission focuses resources on rural areas and poor states with poor health facilities to improve health care in rural india.

role of Financial Management in Healthcare:

Financial management entails managing the routine of

financial operations, such as contract negotiation, making the case available for expenses such as payroll, and keeping cash on hand for unanticipated costs. The following are the financial management aspects of the healthcare industry:

1. Meeting the Different Financial Goals:

Business and financial strategies are inextricably linked. Doctors who sell their practices become employees in the healthcare industry, and it eventually becomes the regional hospital system. To meet financial objectives, the healthcare industry can construct a larger and more stable system. It is beneficial in obtaining funds from the entire medical care spectrum,

from tests to surgery to rehabilitative services.

2. Management of Treatment Cost:

Cost-effective medicine is critical for a health insurer. The insurers create the drug lists that they are willing to pay for, as well as the treatment guidelines for their contracted physicians. They also use the software to track each doctor's use of their preferences for tests and treatment. it is to ensure that they are adhering to the rules.

Cost-effectiveness is so important to an insurer that developing guidelines are developed up to the financial management level. The relevant medical information is required for the task. The

insurer expects the treatment to be effective in avoiding rising costs.

Doctors must be certain that they are providing sound medical treatment, or they will face problems such as malpractice lawsuits. Thus, this one aspect must be followed to initiate efficient financial management in the healthcare industry.

3. Preventing the Medical Conditions that are Expensive: any healthcare organization must ensure that the medical condition is cost-effective. However, this is no longer the case. Customers are also paying exorbitant fees for general treatment. it is something that is also causing financial problems for the healthcare industry.

For the efficient management of finances in the healthcare industry, the management team must ensure that they are offering low-cost medical conditions, as this would benefit not only the customers but also the industry. appropriate financial management is required to achieve this goal, and it is something that an efficient team can manage.

4. Investment Management in a Capital-Constrained Environment:

as the government's laws continue to change, the healthcare industry faces a slew of financial challenges. it is critical for the expansion of healthcare access, increasing patient demand, and hospital access financial resources to resolve the issue.Furthermore, the pressure to cut costs while augmenting the limitation on investment for how much money hospitals can spend on improving patient health.

5. Digital Innovation and Technological Transformation Use:

Every business in the twenty-first century is incorporating the use of digital innovation and cutting-edge technologies. The primary goal is to gain industry growth while providing quality services to customers. as a result, hospitals are accumulating technologies and digital innovations to provide the best healthcare services to their patients.

one of the best examples is that countries such as the United States have begun to integrate robotics surgeries. However, one major issue with technological and digital innovation is its cost.This technology is not affordable to every healthcare organization. However, it is

not the only technology causing problems in the industry; other technological advancements are also causing problems.

6. Authenticated Data Security Systems:

Data security is a major issue in almost every organization, and it can be difficult to secure customer data or even business personal information. as a result, an authentication system must be integrated to ensure data security.as a result, healthcare, like any other organization, is affected by the problem. As healthcare businesses manage vast amounts of patient data, a security system must be in place.

7. Automatic Data Management System for Patients:

The healthcare industry is not only dealing with economic issues, but also with data management issues. It is difficult for the industry to manage patient data, and it is unlikely that they will find the data when needed.As a result, the healthcare industry is integrating automatic data management systems to address the issue of patient data management. These are the systems that aid in the efficient management of data. These systems are useful for managing each patient's data. The management team does not have to worry about data management, but it comes at a cost, which becomes a financial issue for the healthcare industry.

8. Adapting to the Forces of the Market

Mergers are an important part of the healthcare landscape. Large payers are merging into larger companies, and healthcare is joining forces. government officials are being strengthened to ensure that the arrangements are legal.The patient's desire for quality creates pressure, and the pressure leads to the recruitment and retention of top clinical talent, which creates additional financial pressure for the facilities.

Following the guidelines is critical for the healthcare industry, so the industry must be prepared to invest in meeting the compliance guidelines.

1 The overhead Expenses:

one of the most common problems that physicians and healthcare providers face is that their overheads account for nearly 40% of their revenue. in an era when baby boomers are at their peak, it does not make sense to drop patients once the cuts are implemented (if they do occur, that is improbable). in its place, reining in overheads may work wonders if cuts are made.

2 revenue Cycle Management:

Revenue cycle management is an essential component of a financially successful physician practice, and optimizing it leads to the prevention of loss-

es caused by inefficient revenue cycle management.it is once again one of the major issues confronting the healthcare industry. it is a problem because it necessitates technological understanding and meticulousness, which improves management results. When there is no technological integration in the healthcare industry, financial problems arise. The latest technology is undoubtedly expensive for the healthcare industry, but it is a one-time investment that can save time and increase revenue through incentives provided by government authorities to use the technologies.

3 Physician Shortage:

The healthcare industry is also experiencing physician shortages as a result of the physician shortage. Healthcare executives are confronted with the issue of a physician shortage. it is due to the aging of the population in general.it doesn't mean that the younger generation isn't interested in becoming doctors, but there aren't enough residency spots. Proficiency integrates the physicians' full-appointment schedules, but the doctors are asking for high salaries

these days, which is causing financial issues in healthcare.

4 Changes Bring Fresh Challenge:

Changes in the healthcare industry are another issue that necessitates careful planning. When changes continue to occur in the industry, it disrupts the financial plan.Healthcare professionals believe it is difficult to manage the problem due to abrupt changes by government officials in the industry. However, there is a requirement for a solution because it is about providing quality services to customers or patients.

5 Financial Pinch from CMS’s regulation:

Value-based purchasing initiatives are firmly in place in the healthcare industry. However, eligible physicians are currently experiencing the phase of the penalty of CMS's quality reporting and Meaningful Use initiatives.

according to the CMS, approximately 257,000 professional providers are not reaping the benefits of certified EHR technology. It is something that would have resulted in a fee schedule cut of around 1%.Healthcare professionals

are also seeing reimbursement cuts for failing to comply with electronic prescribing. They also require compliance with the new value-based payment program. it is a program that integrates the calculation of payments to physicians in group practices based on annual cost and quality measures.

6 New Trend Value-based Purchasing World:

The healthcare industry should determine risk tolerance strategies and implement them to survive in value-based models. Examples of risk management strategies include applying for an accountable care organization and ensuring participation in bundled payment arrangements.

it is critical to use data analysis and scenario building to understand which strategy is best for each ingrown toenails gold coast healthcare business. The majority of healthcare businesses are at risk due to poor decision-making.

However, it is important to note that not all risks are based on tolerance, as hospitals are already facing reduced reimbursement. it is one of the primary financial issues that healthcare is facing nowadays.around 15% of payments based on value are made under full capitation arrangements, and the remaining 12% are for fee service amounts with pay for performance built into the contracts.

Final Words:

Healthcare is one of the industries that is rapidly expanding in the twenty-first century. It is not surprising that businesses face financial challenges, and healthcare is one of them.Because the industry is facing numerous financial challenges these days, the primary ones are discussed above for a better understanding. no business wants to go through the economic and social turmoil that healthcare has. The aforementioned issues must be addressed.

ant Financial, a Chinese fintech, did not exist five years ago. It is now one of the world's largest financial institutions.ant, an alibaba group subsidiary, is now 50% larger than goldman Sachs. ant's most recent valuation was $150 billion, while goldman Sachs' was $99 billion.While some may argue that ant Financial operates in a larger market and thus on a larger scale, this does not explain ant's explosive growth in the Chinese market, which has long-standing banks gnashing their teeth.

Ant to Change How It Makes loans with New Consumer-Finance Company

The Chinese banking and insurance regulator said Thursday that it had approved ant group Co.'s application to establish a consumer finance company, the first step in the financial-technology giant's restructuring. ant will own 50% of the new company, which will be registered in the southwestern municipality of Chongqing, with the remaining shares held by six other shareholders. Chongqing ant Consumer Finance Co. is authorized to conduct consumer lending and other business operations. it will own ant credit services Huabei and Jiebei, which are used by nearly half a billion Chinese people. ant's massive consumer-lending business was one of the areas that enraged Beijing. People who borrowed money from ant's platforms had a total of $271.1 billion in outstanding loans at the end of June last year.

ant originated the majority of the loans in collaboration with commercial banks, which provided the majority of the debt funding. Many of the loans were obtained by young people with no credit history. ant's activities were frowned upon by regulators because they encouraged some people to borrow and spend beyond their means, posing risks to the banks that provided funds for the loans. Two state-owned financial institutions are among the shareholders in the new consumer finance company. Nanyang Commercial

Bank, a subsidiary of the state-owned China Cinda asset Management Co., owns 15.01% of the company, while China Huarong asset Management Co., one of the country's largest distressed asset managers that also operates other financial businesses, owns 4.99%. Contemporary amperex Technology Co., China's largest producer of lithium batteries for electric vehicles, owns 8% of the company. The remaining shareholders include a Taiwanese bank's mainland Chinese subsidiary, a transportation and surveillance services provider, and a medical-device manufacturer. ant is owned in part by alibaba group Holding Ltd., which also owns a third of the company.

How Ant Financial Became the largest Fintech in the World

With its linear microlending and micro-invest-

ing, it combines this platform approach in everything from payments and lending to insurance and investing. This hybrid approach combines complementary platforms and linear services to create an unprecedented breadth of the financial services ecosystem. ant, a mobile payments company led by billionaire Jack Ma, has been forced to restructure its operations after Chinese authorities canceled its initial public offering in november.

ant's platform business model is critical to its growth. This business model begins with alipay. alipay, like PayPal, facilitates payments between any two users, whether they are shoppers and small

businesses, roommates, or street performers and commuters. in 2017, alipay had over 700 million active users and processed over $8 trillion in transactions, which is equivalent to 65% of China's GDP. Ant Financial also offers other financial services to that captive audience through ecosystems for insurance, credit, loans, credit scoring, and wealth management, in a cross-selling move as old as the business itself. What's fascinating about ant Financial is how it's managed to mine gold from its alipay customer base and use that data to build a network of interlocking platform businesses in financial services.

How Ant’s financial services platforms are changing traditional finance

Ant's only financial services platform is alipay. it also owns and operates an open insurance marketplace with over 80 insurance companies on the platform, which has a user base of over 400 million. Meanwhile, ant Fortune has made asset management and retirement planning more accessible. The platform, which has 180 million users, is home to all 116 of China's mutual fund managers. Most importantly, the platform's algorithm recommends funds based on each user's financial

profile and goals, closing financial literacy gaps that may have prevented many users from investing in the past.it's worth noting that the platforms cross-sell services across ant's ecosystem, ensuring that each new venture has the user base required to attract third-party financial institutions. In other words, Ant can guarantee access to a large pool of potential clients, and financial service providers can't pass up the opportunity to join such a large network. This large consumer base also allows Ant to launch new financial products, such as yue Bao. ant's money market fund is called yue Bao, which translates to "leftover treasures" in Chinese. With $251 billion in assets, it is now the world's largest money market fund. yue Bao simplified the process of investing in a money market fund for consumers. it is possible to open an account for as little as 1 yuan ($0.15).

yue Bao was able to identify users who had a positive balance in their alipay digital wallet by using alipay data. Users who have a balance will be contacted, educated on the benefits of a money market fund, and invited to open an account. They could, of course, invest in any of the funds listed on ant Fortune. ant's investment platforms were an instant hit

in a market devoid of consumer financial products. Ant provides both platform (ant Fortune) and linear (yue Bao) asset management services, implying that platform transactions generate a large enough margin to justify ant's continued investment in it. Most importantly, whether a user chooses a third-party financier on ant Fortune or yue Bao, that user remains within the ant Fortune ecosystem.

regulatory tightening will slow down the linear services

Ant's size has made it a significant player in the Chinese financial industry, although it is not a bank. ant's success is unusual in a country where the government owns or controls the majority of large financial institutions. As a result, it's not surprising that the Chinese government intends to enact new financial regulations to oversee large fintech firms.

ant has already felt the sting of government oversight. its linear micro and SME lending arm was making riskier loans and passing the risk on to investors by selling the loans as asset-backed securities. in 2017, the Chinese government mandated that money market managers set aside 0.5% of net assets as a reserve for bad debt. ant's ABS volume fell by 65% in the first quarter of 2017. As regulation tightens, ant is increasingly relying on its platform model, acting as a facilitator rather than a traditional lender. Reuters reports that ant's revenue is shifting away from traditional financial services and toward facilitating third-party financial institutions.

For example, even though ant's P2P lending platform, Zhao Cai Bao, experienced some high-profile difficulties, including a large default by one of the companies that issue bonds on the platform, ant has not abandoned the platform approach to lending. (Zhao Cai Bao is now a fixed-term deposit investment platform with a secondary P2P market.) instead, it is focusing on making its platforms more accessible to larger financial institutions. Jack Ma, the founder of alibaba group, announced that ant will focus on revenue from technology services and

seek partners to handle loan issuance. This change will better align ant with the government's financial sector strategy while allowing it to innovate and grow at what it does best in building platforms.

How to Compete With Ant Financial

Ant Financial isn't satisfied with simply capturing the Chinese market. its model is also being exported throughout asia. It has made significant investments in Southeast asia and india, including in Paytm, india's wildly successful alipay clone. It has also formed high-profile partnerships in Europe but has made less progress there - at least for the time being.

When faced with the prospect of competing against ant Financial, companies should combine the best aspects of Ant's model with what traditional financial institutions already do well.

For example, we recently discussed how lending marketplaces benefit both financial intermediaries and consumers. as the owner of a lending platform, a bank would have the first refusal on any loan and would then refer rejected clients to a marketplace where borrowers could shop for the best lender. given that banks typically reject the majority of potential borrowers, this marketplace approach allows them to keep the customer relationship while also bringing in new customers.

That is only one example. The platform mindset that underpins everything ant does is critical. a platform approach bolstered by the customer base and resources of a traditional financial institution will result in a potent combination that even Ant may find difficult to match.

Patient Consumerization - is it Ethical

Doctors and medical professionals are noted for their aversion to medical consumerism. For both patients and doctors, the relationship between them is more thansimply the result of market forces, or rather the hiring and offering of services. in countries where the state funds medical services, it is natural as it is out of need that people ask for medical services and goods. Patients are simply not customers in such healthcare models. Further patientsneed an imperfect solution to a stressing need which is their good health which in turn differs from traditional commodities.

Medical professionals are more inclined to viewtheir functions being centered around the patient but not as consumers they are supplying services to. This has both positive and negative implications for individual patients. While the lofty relationship between the diseased and the healer is maintained, it also often means lack of accountability- no scrutiny of action and the discretional power that emerges from it. and as most of us realize discretionary power is one of the seeds of abuse of power. But on the other had it is also true that it is im-

proper to see healing, the giving of life as simply a business. To be honest, we have passed the stage where it would be helpful to consider the ethical implications of patients as consumers. it is happening and they had decided before. Let’s look at what happened instead!

as a means of patient wellness and supremacy of patient interests, patient consumerism is only desirable. additionally,both healthcare and the very definition of consumers have evolved over time. in fact, experts point out three distinct generations that such interaction between doctors and patients can be divided into. Some pro-consumer medical schools of thought further proclaim that by itself there is no significantissueof medical and patient consumerism but rather different forms of the same combine in different respects.

The modern relationship between patients and physicians is a result of a three generational interaction that began back in the sixties of previous century in the US. This era saw patients challenging the hallowed ground of healthcare professionals as the supreme medical authority. For countries with a commercial healthcare system like the US, the competi-

tion for acquiring customers while in state-run healthcare systems it resulted in greater options for receiving medical treatment

The eighties of the previous century happened to be the start of the second generation of the development of doctor-patient relationships. it was in this phase that consumers themselves started funding their need for desires that they didn’t naturally have but medicine could give them access to. it was a niche market back then and such consumers made their bodies commodities which had an exchange value in which the customer pays up for receiving the specified medical intervention.

The nineties can be said to be the beginning of the third generation of the relationship. in this phase the market became the preferred healthcare model. The focus in this period was on healthcare firms cutting down on costs and increase organizational productivity. Three characteristics that appeared from the consumer behavior in this generation was:

• Successful ageing

• Self- management

• And the ethos of prosumerism which blends sides of production and consumption. Finally, we are likely to be in the fourth generation of doctor-patient relationships as socialism rises in prominent western economies. But this is something related more to politics than just public interest and behavior and the last word is still to be etched. in one respect it might be seen as the culmination of the prosumerism that we hadseen earlier.

We need to note that the generational analysis of patient-doctor relationship did not take place at the same time in all places. nevertheless, almost all healthcare systems exhibit these characteristics to a greater or lesser degree. We should not view the generational paradigm in terms of succeeding each other but rather as coexisting features.

Let us examine the precedingthird generation of such relationship.

With the constraints of healthcare costs rise, medical consumerism too needs to change to remain relevant. The following characteristics mark the third generation we are discussing here:

• Personal responsibility

• Rational decision making in heath issues

• Preventive and proactive behavior and lifestyles

• And the exertion of choice

Today more than ever people are conscious of their healthcare choices and the need to keep them aligned with affordable costs.

one particularly prominent and interesting difference in medical consumerism between the start and the present is how the first generation concentrated more on systematic lapses, the third generation is more inclined towards placing responsibility at the individual level. it blends in well with healthcare systems trying to increase the population net they cover but need to reorganize services to keep services affordable and sustainable.

according to expertsin the third generation both the healthcare system and the individual patient are fully engaged. This means that patients become responsible for looking after their own health and prevent or postpone the onset of diseases by chang-

ing their lifestyle, managing long-term or chronic conditions by themselves and consuming individualizedservices in the hats of a prosumer. Let us not discuss these responsibilities of such present-day patients.

Successful ageing

Such patients are active and satisfied, they know how to look after themselves and try their best to keep health deterioration in check. They want, plan and work towards their good health. individual good health is in such behavior is under the control of the individualhimself. They achieve this through individual choice, proper behavior and effort. This view however does not accommodate the needs of an aging society, the

increasing inequality, societal health factors and power relations.

Self-management

The concept of self management in healthcare is rooted in patient responsibility precepts. it acts in coordination with healthcare providers and bears much promise for managing long-term health issues. it not only informs individuals about their health maladies but also encourages them to involve themselves actively in managing such illnesses. it stresses on healthy patient behavior and the adoption of suitable strategies for the management of symptoms associated with the illness. While the principle promises much, in actual situations patients are not so keen as on paper.

Prosumerism

This precept is based on the synthesis of the ideas of both consumption as well as production. as per this mindset, people decide their needs and then continues to produce and later consume them. But several experts point how modest the impact of such practices has been. They further note that patients have greater priority for addressing and redressal of complaints, more autonomy, greater awareness and finally more emphasis on their rights as patients.

There has been a noted reversal in state policy in healthcare in the US in the recent past, as reflecting the changing needs and nature of societies, what we have earlier referred to as a potential fourth generation of patient-doctor relationships.

Patient consumerism at least recognizes patients as consumers and does not foster a culture of exclusive elitism. in deprived economies often doctors want to see the money, an emphasis on consumerism in law and practice would mean that they need to get their act togetherfor that!

The Intelligence is Artificial, but the Healthcare Achievements are Super- Natural

ai is the big new technology and while it is in a relatively early stage of development, it has already started to show excellent results. The number of industries that stand to benefit from the use of AI are many in number. And one key field where ai is already revolutionizing the entire industry is healthcare.

ai together with its associated technologies of ML (Machine Learning), DL (Deep Learning and nLP (natural Language Processing) is making is easier for medical professionals in identifying healthcare needs and solutions. Working at tandem, they all together make such healthcare functions more accurate by finding patterns in healthcare data easing the work of industry professionals and helping them make a more informed choice.

The role of AI in Healthcare

Healthcare organizations have huge amounts of data stored in their system which encompass the various aspects of healthcare like diagnostic and other types of images, detailed information on clinical research trials and even medical claims. ai can use such data to analyze them and come up with patterns and insights which the human mind would have missed in almost all cases.

ai algorithms can learn how to label and identify patterns in data. nLP chips in too here by allowing such algorithms to isolate the data concerning the task. With DL technology the system can further analyze the data and interpret them. ai in healthcare is big business and like its impact on healthcare and human well being the market is booming. according to

healthcare industry experts Frost & Sullivan, ai healthcare systems market touched the $6.7 billion in the recent past. Compare this to its $811 million valuation in 2015, the growth is almost exponential!

AI is already playing a critical role in the functions of many healthcare stakeholders like the following:

Researchers- Researcher, clinician and data manager teams that are part of a clinical trial can now hasten the whole process of medical coding search and confirmation. This process is particularly important in conducting clinical studies and arriving at a particular conclusion.

Patients and general people- People paying for healthcare services as health plans can also get customized plans through ai. People looking for customized healthcare solutions can simply connect to a virtual agent through a conversational ai.

Clinicians- Healthcare professionals can enhance patient care besides customizing them through going through medical data that can predict and diagnose diseases faster.

Top Uses of AI in Healthcare

You can perform analysis of medical images with the technology

Medical professionals already use ai healthcare tools to perform preliminary analysis of the health condition of a patient. Clinicians can then review medical images and scan results which in turn lets cardiologists and radiologists gain essential insight that allows for proper prioritization according to the severity of the patient condition. ai lets them avoid errors which might creep in as they go through electronic health records or EHRs. Finally, ai helps clinicians make more precise diagnosis about the patient condition. prioritizing critical cases, to avoid potential errors in reading electronic health records (EHRs) and to establish more precise diagnoses.

additionally, when researchers conduct clinical studies, enormous of medical data and im-

ages are created that need to be reviewed. ai can help medical professionals in this, by analyzing the datasets much faster and let them stand in comparison to other studies. While doing so ai algorithms are able to identify patterns and find out deep connections which usually the human mind might not have noticed. it helps medical personnel related to medical imaging track critical information much faster.

Development of medicines becomes less costly

Historically there have been records of supercomputers analyzing huge databases of molecular structures and predicting which combination of molecular structures might and might not be effective as a cure for various diseases. Such ai algorithms make use of Cnns or convolutional neural networks the same underly-

ing processing structure that enables self-driving cars like those of Tesla.

Using this technology, the atomnet system could predict accurately protein and small molecule bindings through the hints provided by records of millions of experimental measurements and several thousands of protein structures. The Cnn-based system succeeded in its objective of creating an ai process that can identify medicine candidates which are both safe and effective from an existing database, and significantly cut down on medicine development costs.

AI can analyze even unstructured data

The huge amount of data associated with healthcare and medical records makes the task of physicians in providing quality patient care in tune with the latest medical advances a very, very challenging task. ML models can scan curated EHR and biomedical data swiftly thereby giving physicians the information they need.

often healthcare data and patient medical records come in the form of complex unstructured data. it can be a daunting task to access and interpret unstructured data due to its very nature. ai comes to the rescue of healthcare professionals in such scenarios as it can seek, collect, and standardize the stored data no matter how it is formatted. This makes it easy to perform repetitive tasks. Clinicians are thereby able to provide accurate and customized medical treatment plans for patients without having to shift through huge amounts of unstructured, paper formatted EHR data.

You can build complicated and consolidated platforms for drug discovery with AI

ai algorithms cannot only identify new drug applications but also trace their toxicity and track how they work. Such applications of ai technology helped in the creationof drug discovery platforms. Such platforms not only discover new drugs but also lets pharmaceutical companies repurpose their existing catalog of medical drugs and bioactive compounds.

The platform in question combines the latest developments in fields like data science, biology,and chemistry. it assumes great potency in drug discovery through the automation enabled by ai technology that lets it create 80 TB of data weekly collectedfrom more than 1.5 million experiments that the ai tool conducts each and every week.

This specific ML tool is both free from human bias besides having the ability to get insights from datasets that are otherwise too complex for human beings. Companies are especially keen on repurposing existing drugs as it saves the cost of creating new drugs from bottom up.

AI can predict the onset of kidney related diseases

one kidneycondition which is particularly difficult to detect by clinicians is Acute Kidney injury. The fact that it can deteriorate very fast and assume life-threatening proportion makes it a particularly dangerous proposition. in fact, a significant 11% of patients die from such failure. Swift treatment or even better early prediction helps in life-long treatment of such conditions and reduces dialysis costs.

To address the issue, the US Department of Veteran Affairs teamed up with DeepMind Health in 2019 to create an ML tool that can predict the onset of the condition 48 hours before it can be identified by traditional healthcare systems. The tool performed exceptionally well in its objective by 90% success rate of detection of aki 48 hours before traditional care systems.

AI can perform medical predictive analytics from collected data

Clinicians can now create more effective workflows, treatment plans and make better medical decisions thanks to the predictive functions of ai when used with EHR data. Further ML and nLP technologies can collect the complete medical history of a patient in real time. Such data can then be used to link them with symptoms of diseases, chronic conditions and even family diseases. ai can then use its predictive analytics functions to predict the onset of diseases and treat them before they become threatening or obtrusive.Essentially such functions let physicians predict chronic diseases besides tracking heir progression rates.

CloudMedX is a leading medical tool that deals primarily with unstructured data which the tool stores as notes. Such data ranges from being clinical notes, hospitalization notes, discharge

summaries todiagnosis notes amongst others. HER data is then combines with such notes to create clinical insights to help healthcare professionals do their work. The ai-based healthcare solutions provided by the company have already been successfully used in treatment of several high-risk diseases like: • Pneumonia

It all means that even if the intelligence is artificial, it surely confers super-natural benefits for us human (organic) beings!

"Learn from every mistake because every experience, encounter, and particularly your mistakes are there to teach you and force you into being more of who you are"

~ oprah Winfrey

Do you remember the last mistake you made? How did you feel? guilty? Embarrassed? Fearful? Sad? Unsure? Chances are most of us would like to push away these emotions, would not like to re-live them or experience them again. Does avoiding help? What should we do?Should we shy away feeling embarrassed or should we accept them as learnings? a profound question indeed, let us try to find answers -

What Is A Mistake?

a mistake isan action, decision, or judgement that may produce undesired results. a mistake can be a result of poor assessment, lack of information or attention to detail. a mistake can lead to failure but do not always have to end in failure. It is important to understand the difference between mistakes and failures. a failure is the result of a wrong action, whereas a mistake usually is the wrong action. So, if we make a mistake and take it as an opportunity to learn from it, we are more likely to not experience failure in long run.

• Judgement – Mistakes can put us at the mercy of others where we are being judged and concluded by others.

• Ignorance – Whenmistakeshappen, scapegoating& accusationfollows which can be toxic.

• order – Culturally, non-conformityis often treated as a mistake which can be venomous.

• History – Societiesgenerally handle mistakes and failure in an unpleasant way which makes it challenging to overcome the fear of making mistakes.

We must embrace our mistakes fully in order tofree ourselves to be more accepting and unprejudiced about mistakes.

WHY Do WE NoT ACCEPT oUr MISTAKES?

Mistakesaredifficult to accept for many reasons:

• Vulnerability – People have limited and fragile support systemsand when these systems collapse, people may lose their everything and hence the fear and vulnerability.

SHoUlD WE or SHoUlD WE NoT ADMIT oUr MISTAKES?

We all know admitting mistakes is not easy. it means going through the painful process to understand what went wrong and why. it also involves dealing with embarrassment and continuous judgement that are being passed on and hence we all contemplate should we admit or let it pass. admitting mistakes helps in –

# Enhanced learning – its important to dig deeper and understandwhy mistakes happened? not accepting or denying them will obstruct growth as we will never be able to push past the mistakes. This weight of guilt may drag us down for life. also, chances are higher for a

repeat mistake as we skipped analyzing what and how things went wrong and how we could have changed them.

#Dissuade others – By openly owing up our mistake, we encourage and empower others to not make the same mistakes. We can also share with them related warning signs so that they can change their situations if they can and start working around better alternatives.

#Inspiringothers – accepting our mistakes openly sends out positive vibes to others around us. it may become inspirational for others to be courageous to accept their mistakes and learn from them.

#Personal Growth – By challenging us, mistakes makes us a more resilient person. Having faith that mistakes are not failures but just the road-blocks and are learning opportunities help us to not only work around them but makes us more confident, courageous and open person.

#5:repair relationships – if our mistakes have impacted others, it’s important to be honest and courageous enough to accept them. it is not going to help much in relations if we do not accept even if the mistakes are such that they can’t be repaired. accepting and asking for forgiveness will help repairing the hurt and perhaps the relationships too.

HoWTo lEArN FroM oUr MISTAKES?

it’s important to understand that mistakes and failures are integral to the learning process in life. Few ways to help us move forward -

1. Acknowledge & own Mistakes – once it happened, take ownership of it. inform, apologise and assure that a solution is being worked upon. Do not hide errors or blame others for it. Shift the focus from shame, guilt and disappointment to learning, correcting and growth. By untangling what happened and what could have been done differently and we may turn a mistake into a success.acknowledging helps us to re-examine what to do better next time and also earns us respect and credibility as we are willing to take responsibility.

2. Change The lens – Mistakes are seen negatively by self and others. Hence it is important to view them from a growth mindset where one views them as an opportunity to improve and growth and not as a setback. Reframe the mistakes as opportunities rather than a failure so that you are not doomed with the belief that you can’t improve.

3. AnalyzeMistake – analysis of mistakes from the lens of honesty and objectivity is very important. Process what caused the mistake,

how it got resolved. What was done properly or poorly. Proper analysis of mistakes can help us determine what can be done differently next time in order to not repeat the mistake. analysis can help identify solutions for future mistakes.

4. Practice lessons learned – Learning lessons but not putting them back into practice is not going to get us anywhere. Putting the learning in practice require discipline and consistency. Mistake, perhaps, can direct us to what has not been explored before, can help improve our skills and practices. Putting back lessons learned will help us to reap the benefits and improve our work practices.

5. Keep A learning Mindset – Viewing mistakes as failures prevent us from reaching our goals and lead us to negatives. We must not hold ourselves from shifting our mindset that allows us to understand that mistakes are not failures but life lessons and learning opportunities. Significant breakthroughs can be attained through our most frustrating mistakes with a mind shift.instead of dwelling on mistakes, think of them as positive experiences.

6. Get Feedback – ask colleagues, mentors, seniors to provide advice or feedback. Constructive feedback can help is identify areas for further improvement. Such feedback can provide valuable insight for how to approach mistakes, handle difficult situation and solutions too.

7. Gather Up – Mistakes are inevitable, how we respond to them matters. it might happen that one moment we feel motivated and get caught in guilt, shame, regret and pessimism. We need to gather ourselves and come back on track. Reflect upon how we came this far and have handled the setbacks. Think about possible ways of getting through the dark days – healthier and quicker.

8. reshape Goals – Life is all about reframing our views of mistakes. Post mistakes, it is necessary to rework and reshape goals, redefine needs and expectations in order to feel positive regardless of the situation. Mistakes guide us to learn what we value, our preferences, our requirements and our choices.

HoW To SToP rEPEATING MISTAKES?

its human to get frustrated and self-critical when we repeat mistakes. Few steps that can helps us to put what we discover into practice -

1. Be Specific About Mistakes – Unless we specifically identify what mistakes did we make, we might end up repeating them. Being specific will help focus on the concepts or action that require attention. often, the mistakes are careless errors or something applied incorrectly. Unless we are specific about what went wrong or what went right, mistakes will get repeated. Mistakes can be general but ‘fixes’ should be specific.

2. Mistakes Don’t Define Us – Putting ourselves down after a mistake is a self-defeating habit which must be broken. We must appreciate ourselves including our mistakes. Mistakes should not be the criteria to measure us, we are more than our mistakes.

3. Move Past Fear of Failure – We are scared to take action as we fear we will make mistake and that’s what holds us back. We must learn to push past our doubts and allow ourselves to make mistakes, there will be no learning or growth without them.

4. Tools To Avoid repeating Mistakes - Moving ahead after a mistakes requires concrete planning. We just can’t assume things to go right magically post a mishap. approaching future with a clear, realistic and planned mindset works. Discarding old patterns and acquiring new ones certainly helps.

5. Reflect & Replace Identified Behaviours –if we don’t change the way we view the world, we will end up making the same mistakes again. Time to reflect upon the unconscious behaviour patterns, habits and how they relate to our lives. once we identify the old and incorrect behaviour or actions, we must take the responsibility to break these old patterns, behaviours, habits and actions to replace them with new and correct behaviour. Understanding the hidden motivations behind our behaviours will help clear our vision.

6. Build resilience – Long-term stability can be achieved when we surround ourselves with people who want to support us. Sense of belonging and connection are the tools that supports overcoming setbacks. Spending time with those who are understanding and distance from those who mock our feelings will not only improve self-worth but also will help breaking old and wrong patterns.

WHAT CAN MISTAKE Do For US?

Processing the mistake appropriately can unlock a different future for us. If we can embrace the reality of mistakes, we can dig up some interesting insights from them.

1. Spark Creativity – When something does not work or goes wrong, we try to find solution, and think out of the box. Mistakes force us to push limits and find options that are creative and inspiring. Without mistakes, we may lose chances of experiencing this creative streak in us. Mistakes ignite curiosity, creativity and innovation too.

2. Provide Flexibility – in life, if we do not stumble or make mistake, we would remain in our comfort zone. To overcome mistakes& chal-

lenges, adversity and flexibility is required else we would not be able to move forward in life.

3. Provide Courage – acknowledging mistakes demands courage and each time we accept our down fall, we become more motivated to do better next time by learning from our slips. We grow as a person from the lessons our mistake teach us. accepting mistakes helps us to know our own fears and helps us to fight against them.

4. Improved knowledge – Mistakes provide us pool of information. Through mistakes, we come to know what works and what does not. Mistakes help us gain valuable knowledge and lessons and are a rich source on areas of improvement. no mistakes made shows reluctance to grow, adaptability and flexibility.

5. Teach Us Humanity – Mistakes are inevitable and a reminder that we are all humans. Mistakes teach us the importance of staying humble. Humility is what make us beautiful and strong at the same time.

6. Better Understanding of Self – Mistakes makes us wiser and help us learn to deal with

people who have even done us wrong and expose different& hidden faces of people. Mistakes guide us on our strengths and weaknesses. Reflection and understanding of our own short comings enlighten us to become stronger and knowledgeable individuals.

7. SupportGrowth – insights are obtained each time we try to amend our mistakes as we keep trying new approaches till we succeed. We become an improved version of ourselves. We might be deprived of these references if there are no mistakes at our end.

8. Acceptance – acceptance& acknowledgement of our own shortcomings, barriers, challenges, and capacities is achieved when weacknowledge our mistakes. When we accept ourselves with our shortcomings, it becomes easy to work on them which is a very liberating process for growth.

How to better manage “MISTAKES”

1 Acknowledge Mistakes – openly admitting what has gone wrong is the first step in achieving growth. Covering it up, pushing it on

others or denying it does not help and make things worse. Courage and ownership goes a long way in establishing us as an honest person. apology does not make anyone small and is remembered as a gracious act.

2 reframe and analyze the mistake – Second step of the learning process is changing our perspective. Stepping back from the situation, analysing it through a new lens will help us see the larger picture. asking question like why it happened, what went wrong, what can i do to change it will provide us new insights which in turn will help us to avoid making the same mistake and perhaps getting the right answers too.

3 Self-Reflection – Though difficult, self-reflection is as important as ownership. We can’t take corrective measures unless we know what we did wrong. Considerable amount of time should be spent to understand what led up to the mistake, what can be done differently now and what can be avoided in future.

4 Put the lessons you've learned into practice – Take the learning from your slips and adjust your direction and pace accordingly. introspecting too much is not healthy, taking action further basis the newly acquired knowledge is crucial.

We must train our mind and body to think and react in a positive way to pick up the pace on improvement.

5 review your progress – Reviewing your progress regularly is a sure shot way to manage mistakes effectively. Carving out a plan to evaluate progress can help us stay on the right track and also make us accountable.

6 recognize that it's okay to feel vulnerable

– Mistakes at our end can make us feel demotivated and vulnerable. We must be open minded to feel this way and accept them so that we can put ourselves well on the path to improvement.

THE SECrET To HANDlE MISTAKES IS To :

1 accept them as inevitable part of growth

2 keep a learning mindset

3 Practice the lessons learned

our mistakes are gifts, treasures, guidepost and blessings in our individual growth. Thus embrace them, respect them, and most importantly, learn from them. Make mistakes - great, glorious& wonderful mistakes, just don’t shy away from them. Mistakes do not define us –they only allow us to be a wiser, smarter and more prepared version of ourselves.

Neeta Pant

PhD in Clinical Psychology

Honorary PhD in Social Work

Senior HR Professional, Executive Life Coach, PoSH & PoCSo Enabler

Soft Skills Trainer, Master Hypnotist, graphologist

"The only real mistake is the one from which we lean nothing”

~ John Powell

Dr.

Travel Destination

DUBai

Habibi, welcome to Dubai. keep working till Dubai seems like a cheap place to visit. We have often heard internet quotes about Dubai. Dubai is considered one of the most auspicious global travel locations. if you have not been to Dubai yet, your travel venture is still void. The land of Luxury, gold and grand middle east culture awaits your glorious presence with wide arms. Dubai is full of rich experiences to explore and build a golden castle of memories. it is so much more than just the Burj khalifa. Let us explore what Dubai has in store for global travelers. The beautiful desert, relishing sunshine beaches and entertainment you can’t get over - Dubai has the magic, and it is time to endorse it.

Best Places to Visit in Dubai

Here are some of the most iconic places to visit in Dubai:

The Burj Khalifa

it is the world’s tallest building which is 828 meters high and approximately 2716 ft high. The Burj khalifa has over 200 stores and is an engineering marvel. it features spectacular architecture and is a human wonder on the planet. The Burj khalifa has one of the highest observation decks in the world, which is situated on the 16th floor. The sky seems closer while you are on the observation deck. When on a Dubai trip, never miss the amazing sight of the city from the observation deck of Burj khalifa.

Palm Jumeirah

islands are a natural wonder, but have you heard of man-made wonders? The Palm Jumeriah of Dubai is a group of man-made islands resembling the shape of a palm tree.

It is a series of artificial archipelagos and is the house of some of the most luxurious hotels and resorts in Dubai. The islands aren't made of concrete; instead, the sand is brought from the deserts of Dubai. That already sounds amazing, doesn’t it? Palm Jumeriah has luxury beach resorts which are the favorite of global tourists. it is also an incredible shopping destination.

Dubai Aquarium

The achiever of a guinness World Record for being the “Largest acrylic Pane”, the Dubai aquarium is a gigantic underwater zoo, the largest man-made aquarium on Earth. it is situated in the famous Dubai Mall and is home to over 33,000 water animals and over 140 species. The aquarium tank is 10 million liters, and you can even witness more than 400 sharks. The space and volume of the aquarium are

simply beyond explanation, but it will surely be one of the best life experiences.

Atlantis Water Park

if you have kids on a Dubai trip with you, you cannot miss the atlantis aquaventure secret chamber. it is one of the world's best and most advanced water parks. With entertainment that you cannot forget, atlantis is simply breathtaking. There are more than 30 types of water slides in the water park. The atlantis Underwater Zoo and the Secret chambers are incredible. The Leap of Faith and the underwater zoo containing more than 65,000 marine species are awesome attractions. if you have been to any water park before and loved the experience, this one is a mega version of everything you can imagine.

Ski Dubai

if you think that the arab Emirates is all about sand beaches and artificial water parks, you may be wrong because few places will give you the pleasure of being surrounded by snow. Ski Dubai is a fantastic snow park where you can play with Penguins and enjoy all the new activities like snowboarding. Click some great snaps to adorn your Instagram profile in this place. it exists in the Dubai Mall. The exciting highchair lifts will give you some crazy entertainment. There are several tube slides, a giant ball

run, and much more. Ski Dubai is one of the best attractions in Dubai, and no one misses it. Here is a spoiler alert - the tickets cost a lot, but it is a one-time investment.

Dubai Marina

Dubai Marina is a canal city that is man-made. Set aside the arabian gulf, this is an exotic place to visit. Dubai Marina walk is so luxurious that you would want to spend your life here. There are innumerable water sports and adventure activities in this place. The lovely landscape and greenery can be the ideal setting for your favorite vacation. Soak in the sunlight and enjoy the coolest time of your life here. you would get boggled by the number of choices you would have when choosing hotels here. Dubai Marina is home to the world’s most luxurious hotels and resorts. you can have a great evening here.

Dubai Desert Safari

Talking about the Dubai tour and not mentioning the desert safari would be sheer injustice. Dubai is indeed all about deserts. When we imagine Dubai, the sand dunes never escape our thought frame. This is a must-have experience in Dubai. The rides and slides are so incredible that you would fall in love with the desert. There are so many incredible safari packages. There are several entertainment options in the desert. Enjoy the desert dances and great food to explore the natural essence of the desert. The Bedouin camp is one of the best places where the trips are organized. They will provide tour operators, tour vehicles and everything else to make the tour incredible.

if you are thinking about staying in Dubai, then don’t forget to explore the world’s most luxurious hotel, which is adorned with so much gold that you can never imagine. yes, it is none other than al arab.

Wrapping it Up

Dubai is a city of skyscrapers and an unparallel shopping destination. it attracts tourists from across the globe and is a must-visit place on the bucket list of almost every travel frenzy person. Dubai reflects the glory and grandeur of the Middle Eastern culture blended modestly with the modern envision of luxury. Home to some of the most luxurious hotels, resorts, and historical infrastructure, it is beautiful. So, when are you planning your trip to Dubai?

The year is on the verge of ending. It is time to retrospect the actions for the year and pave the way for a better 2023. November is a month for reflection and self-development. This penultimate month allows us to cope, reflect upon our thoughts and feelings, and build ourselves to improve. The month starts with a lunar eclipse on November 8 in the house of Taurus. The lunar eclipse of November marks the end of the period that had started in April. So, it is a major shifting point foremost sign. It’s time to understand, accept and adorn the changes. Let us have a closer look at how November is going to affect the lives of each star sign:

This is the time when you need to make some important financial decisions. Lately, you have been paying much importance to money making. It is time to pause and reflect on other values and beliefs in life. november can be a psychological setback for you. There isn’t any visible progress in academics or career. Moreover, you may end up quarrelling with your friends and near ones. Sit quietly and retrospect your inner thoughts and beliefs. Connect with your soul and reinforce some moral virtues in life. Speak less and think more.

We started off by saying that it is a Lunar eclipse in your house this month. it will be a time with mixed feelings for you. Both high and low will bind your life. november will force you to shed some old ties and troubles you had been clinging to for so long. it is a time for the reincarnation of your personal identity. you can make new friends and ties, keeping the old ones intact. Try to push your limits because something big in your life is coming. Don’t indulge in pretenses; reveal the real you to the world. you may encounter a couple of fraudsters during this time. The pretense and deceiving attitude can also be from your close friends and family. But the core idea is not to let your soul grieve because of them and keep on moving ahead. november will bring to your life some difficult situations to test your patience. The one vital thing to do this month is to understand your true self. it may be hard and even cause changes in life courses, but it is high time you do it. Do not get overburdened with others’ expectations of you. also, look for the eternal signs around you, as they can guide you to success.

Off late, you are too busy in life. Completing your chores and feeding your inner soul with grace and love is imperative. in november, you must prioritize your long pending ventures resulting from your procrastination. Some of these tasks may be sweet, but some may get harder. But you must complete your responsibilities and give a suitable means to your life. your family will support you immensely and bring the shimmer of fullness and entirety into your life.

you have been too burdened by external duties and a heavy load of responsibilities. The inner child in you is unable to breathe. it is crucial to let your soul fly like a bird. The past months have been saddening and have made you doubt your self-worth. it is time; you are trying to please everyone, which may not be a good idea. This is a great time for rejuvenating your life and making your life better. it is a great month to start with your long-pending desires. adjust your expectations and pave your own path in life. apart from carrying all the responsibilities, don’t forget to enjoy some leisure time.

Most Virgos are in a bad state of mind right now because something precious that they have lost already in the past months is troubling them. november is the onset of the new season, and it is time to boost your spirits and start with work. Explore new places and people and lift your heavy heart gently. it is a great time to change the course of your studies. also, you can plan for new business ventures and trips. Have fun and comfort yourself. Don't regret what you have lost; instead, focus on opportunities.

november is the month to confront your fears and insecurities. indulge in creative activities like music and art. This is the right time to start for those willing to take up literature as their future study course. you can start your mediation journey in november. it will help you connect to the universal spirits and calm down your turmoiled mind and soul. Watch out for the words you speak because they can turn out to be just the opposite of what you meant. Forget about grief and losses and rise from despair.

april was a time for a new beginning, and by now, you probably have some new relationship offshoots in your life at their maximum potential. november will be a month when you can truly understand whether these relationships added value to your life. also, you may have to make major life decisions that will affect your career and love life dynamics. it is a good time to start with creative business ideas. you may face some identity crisis, but you soon need to sort it out.

The lunar eclipse will be impactful for the Sagittarius. it is a burnout time for the sign. you have been working hard because the time that started in april was tough for you. you can surely take some time off in November. It is crucial to priorities your family during this time. you have made some bad decisions in the past months, and this is time for amendments. Take care of yourself, your soul has had a rough time. This month may be trouble for your health, but you must try to keep it up.

give your creative self a boost in november. you may be down with rumination and brooding, but it is a good time to allow some space for daydreaming. you are stuck in a bad situation, but you can make it out of there. There is some lack of inner mental peace and stability, but november is the time you can make up for it. it is usual to feel low, especially after the Lunar eclipse, but you must keep yourself motivated. if you feel low and uninspired, connect more with dear friends and loyal family members.

This is the month loaded with opportunities for you. Confront and accept your past because you must try to run away from it lately. november will infuse new momentum into your life that can be extremely positive for your career and dreams. There is a high possibility of success in new ventures. It is time to cut off toxic people from life, leave the past and shed the weight your heart has been carrying for so long. Don’t try to force yourself towards anything. Live free and make new friends. Career opportunities are shining bright. november will be a new start for you. any ongoing project will gain momentum and may end up in success. There will be new starts both for personal relationships and business ventures. your academic career may have a rough patch during november, but your will to perform will help your life. you may achieve some long pending milestones during this time. Try to look at the positive side of things and focus on your gains instead of brooding upon what you lost. Family life may witness some turmoil, but it can be easily settled. november can also bring some inevitable endings in life. Remember, they are meant to make your life better.