Insurance is a hot market these days with lots of opportunities. Indian insurance online marketplace is very narrow. Still common people are not going to web for their insurance solutions but they approach local agents.
Big players like bimabazaar.com, policybazaar.com, apnainsurance.com etc. are some of online insurance sites.
Small players are also coming up. I recently landed on an insurance community where I found very interesting discussions going on.
Bimaworld.com has a interesting thread If I can't pay my premium what should I do?.
PHP application development components
1. Put static content and dynamic contents on separate servers
Benefits: Dynamic content server can deliver fast script execution and serve more number of requests at a time.
2. Use MVC design pattern, Smarty
3. PEAR coding guidelines
4. Ensure security with Hardened-PHP
5. Subversion source control mgmt
6. Design: OOPs, UML, Design Patterns,
7. PEAR coding standards
8. Testing: PHPUnit testing framework, SimpleTest, TestDox
9. Documentation: Doxygen, phpDocumentor, DocBook
10. Monitoring: Monit, Supervisored, Nagios
11. IDE: Eclipse, phped, vim, zend studio
12. Security: Hardened-PHP
13. Frameworks : Zend Framework, CakePHP , ezComponents, Symfony, ATK
References:
1. http://developer.yahoo.com/performance/rules.html
2. http://www.sitepoint.com/article/web-site-optimization-steps/
3. "High Performance Web Sites" by Steve Souders http://www.oreilly.com/catalog/9780596514211/
4. http://yuiblog.com/blog/category/performance
5. http://phplens.com/lens/php-book/optimizing-debugging-php.php
Benefits: Dynamic content server can deliver fast script execution and serve more number of requests at a time.
2. Use MVC design pattern, Smarty
3. PEAR coding guidelines
4. Ensure security with Hardened-PHP
5. Subversion source control mgmt
6. Design: OOPs, UML, Design Patterns,
7. PEAR coding standards
8. Testing: PHPUnit testing framework, SimpleTest, TestDox
9. Documentation: Doxygen, phpDocumentor, DocBook
10. Monitoring: Monit, Supervisored, Nagios
11. IDE: Eclipse, phped, vim, zend studio
12. Security: Hardened-PHP
13. Frameworks : Zend Framework, CakePHP , ezComponents, Symfony, ATK
References:
1. http://developer.yahoo.com/performance/rules.html
2. http://www.sitepoint.com/article/web-site-optimization-steps/
3. "High Performance Web Sites" by Steve Souders http://www.oreilly.com/catalog/9780596514211/
4. http://yuiblog.com/blog/category/performance
5. http://phplens.com/lens/php-book/optimizing-debugging-php.php
Web user behavioral analysis and common practices
1.
User looks for : "What's in it for me" and "How does this help me solve my problem".
Explaination : Web user is goal driven and impatient. The cost of going to a different website is very low for him and the expected benefit of staying at the current site is not particularly high.
Successful practices : Provide fast answers. Provide useful answers.
Quotations :
"On the average Web page, users have time to read at most 28% of the words during an average visit; 20% is more likely." by Jakob Nielsen Full Article
"people read faster when they have more to read, or, (in a more likely scenario), they skim or skip text when there's a lot of it." by Rand Fishkin Full Article
User looks for : "What's in it for me" and "How does this help me solve my problem".
Explaination : Web user is goal driven and impatient. The cost of going to a different website is very low for him and the expected benefit of staying at the current site is not particularly high.
Successful practices : Provide fast answers. Provide useful answers.
Quotations :
"On the average Web page, users have time to read at most 28% of the words during an average visit; 20% is more likely." by Jakob Nielsen Full Article
"people read faster when they have more to read, or, (in a more likely scenario), they skim or skip text when there's a lot of it." by Rand Fishkin Full Article
Different types of domain name search queries and their results
1.
Query : "www.example.com"
Result : Show pages across the web that have mentioned www.example.com
2.
Query : www.example.com
Result : A list of pages that Google has indexed from www.example.com
3.
Query : link:www.example.com
Result : No. of pages that link back to www.example.com
Query : "www.example.com"
Result : Show pages across the web that have mentioned www.example.com
2.
Query : www.example.com
Result : A list of pages that Google has indexed from www.example.com
3.
Query : link:www.example.com
Result : No. of pages that link back to www.example.com
EIILM institute seminar on Risk management and capital markets
"Financial risk management and capital markets" is a hot subject among finance companies. EIILM (Eastern institute of integrated learning and management) recently conducted a seminar on similar subject.
Eminent professors, finance industry experts and students from various institutes attended this event conducted at Hotel Taj Bengal, Kolkata.
I received an invitation from a friend who is a visiting faculty for the institute.
With indifference I reached the place, and with equal casualness met with professor Banerjee. Professor sahab was a gentleman and a scholar. He gave an brief introduction and interesting examples on the subject and promised me to help with additional materials if I find the subject interesting.
Eminent professors, finance industry experts and students from various institutes attended this event conducted at Hotel Taj Bengal, Kolkata.
I received an invitation from a friend who is a visiting faculty for the institute.
With indifference I reached the place, and with equal casualness met with professor Banerjee. Professor sahab was a gentleman and a scholar. He gave an brief introduction and interesting examples on the subject and promised me to help with additional materials if I find the subject interesting.
Need of a finance information repository.
Finance is a basic commodity.
Everybody needs it in different forms.
People search on web and try the results according to search engine’s ranking.
Some get desired information while others go to local vendors.
Somehow everybody settle down on a deal.
Ultimately the decision in both cases is not an informed decision. Basically it is decision out of compulsion and not by selection.
In nutshell, a very minuscule no of people get a good financial deal.
And they are only those who have good knowledge of finance + aware of available products/offers in the market.
Issues like bargaining, customer support services, etc. are also there which nobody cares while fixing deal.
Q. Why in information age this lack of data availability is there.
Because data is not available?
No.
Because its expensive to collect data?
No.
Because vendors are not active in disseminating data?
No
Because data is dig inside complex network of links in finance websites?
No
Ans: Because data is not described. Because data is not organized.
A case study:
Objective: To purchase an apartment for $200,000 at RoseValley in New Town.
Obstacle: $100,000 is short.
Solution: Home Loans.
Plan of action:
1) Make a list of home loan providers in the city.
2) Go to each one and get their offers
3) Compare each offer
4) Go ahead with the best one
Problem:
1) The plan requires lots of time to gather necessary information.
2) Selection+Bargaining for best offer depend on skills of customer
Cause of problem:
1) Vendors and affiliates keep information with themselves and supply only on demand.
2) No single body or authority which collects and organizes the information.
Everybody needs it in different forms.
People search on web and try the results according to search engine’s ranking.
Some get desired information while others go to local vendors.
Somehow everybody settle down on a deal.
Ultimately the decision in both cases is not an informed decision. Basically it is decision out of compulsion and not by selection.
In nutshell, a very minuscule no of people get a good financial deal.
And they are only those who have good knowledge of finance + aware of available products/offers in the market.
Issues like bargaining, customer support services, etc. are also there which nobody cares while fixing deal.
Q. Why in information age this lack of data availability is there.
Because data is not available?
No.
Because its expensive to collect data?
No.
Because vendors are not active in disseminating data?
No
Because data is dig inside complex network of links in finance websites?
No
Ans: Because data is not described. Because data is not organized.
A case study:
Objective: To purchase an apartment for $200,000 at RoseValley in New Town.
Obstacle: $100,000 is short.
Solution: Home Loans.
Plan of action:
1) Make a list of home loan providers in the city.
2) Go to each one and get their offers
3) Compare each offer
4) Go ahead with the best one
Problem:
1) The plan requires lots of time to gather necessary information.
2) Selection+Bargaining for best offer depend on skills of customer
Cause of problem:
1) Vendors and affiliates keep information with themselves and supply only on demand.
2) No single body or authority which collects and organizes the information.
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