Change is the only constant, this proverb fits rightly when it comes to technology.
From making stone tools to human cloning, technology has come a long way, and there is no final destination.
It is going to diversify each day. In such an era, where it is advancing at such a rapid speed and is inevitable, how can a business decide what is the best possible method it could adopt to operate at its full potential?
What is the best-suited technology for its size and nature of business?
The questions are many but the answer is one – Cenacle, a pool of talented personnel, working across various verticals to give you a leg up.
With their headquarters in Andhra Pradesh, Vijayawada, and their R&D center positioned at Vadodara, Gujarat, they succor the enterprises who are interested in building Artificial Intelligence (AI), Blockchain and Analytics solutions for their business operations in several domains like Automotive, BFSI, Energy, Healthcare, Retail, and Engineering.
Problems vary from business to business and so should the solutions. Every solution is tailor-made, to help businesses overcome the obstacles faced by them.
True success is achieved by helping people grow and this is exactly what Cenacle aims to attain. While helping businesses achieve their goal, they have accomplished theirs.
Despite facing a lot of challenges in their initial days, they have managed to get past all the hurdles, because of the immense support they have received.
Let us get straight to their exclusive interview to comprehend everything there is to know about Cenacle.
1. What is the source of inspiration behind the name of your venture?
‘Cenacle’ means a clique / group of experts, which suits our team accurately, representing our in-depth expertise into various technology areas and cross-domain research solutions.
2. Who all are your target audience/clients?
Enterprises who are interested in building Artificial Intelligence (AI), Blockchain and Analytics solutions for their business operations, in domains:
Automotive: Predictive maintenance, fleet management, Geo-fencing
BFSI: Blockchain Escrow, Smart contracts, usage-based insurance, Real-time fraud analytics
Energy: Smart grid analytics, renewable energy, sustainable architectures
Healthcare: Disease Spread Modeling, X-Ray Image Analysis, Clinical Text Mining, Blockchain Medical Records (EHR), CDSS
Retail: Churn analysis, Uplift modelling, Price analytics, supply chain logistics monitoring
Engineering: Industrial Research, Structural Safety, Fire Dynamics Simulation, IOT, M2M, Telematics, Industry 4.0
3. Your current operations are located in which regions and Where are you based at (city, state, country)?
Head Quarters: Vijayawada, Andhrapradesh
R&D Center: Vadodara, Gujarat
4. What problems does your venture resolve? What are your products or services?
Cenacle makes technology adaption easy for the businesses, by providing:
OEM software development
Maintaining an in-house R&D team is not a feasible option for many businesses. With our Research Outsourcing services, our experts work alongside with the business owners to identify the relevant research trends in their specific business verticals and suggest the right tools, technologies and processes to be adapted for higher ROI and improved process efficiencies, always keeping them up-to-date on the market trends and future happenings.
5. Would you like to Share the idea or story behind the foundation of Cenacle ?
Kodak is a well known name, that was once synonymous with photography.
Prior to the late ‘90s, almost every picture in the U.S. was developed on Kodak film. But then digital broke big, and the number of digital cameras went from 4.5 million units in 2000 to 28.3 million units in 2007.
Digital photography took off and Kodak was not ready for it.
Instead of doubling down on digital photography, Kodak steadied its course, neglecting to look at what digital meant to both the addressable and available markets.
Ironically, Kodak actually invented the first digital camera in 1975. But it was Sony who first introduced a digital camera to the people in the form of the Sony Mavica in 1981.
Kodak failed to realize the market potential of the new technologies and their own research.
By the time they realized, they missed the timing and fell behind. The company later spent millions on research – but never caught up:
A big part of the issue there was talent.
The same employees that may be geniuses in film and film cameras are not necessarily as advanced in electronics and digital cameras.
This is the situation that is applicable for many industries in the world today. Organizations are unable to take full benefit of technology evolution for two reasons:
Unable to keep up with the rapid growth in the technology
Lack of visibility and awareness in cross-domain advancements
Technologies evolve more rapidly than organizations can handle.
Dedicating manpower to learn each new technology is not feasible.
Evaluating each new technology to validate if it fits the business goals is not a feasible option
Large gap in the technology adaptation for non-technology domains
E.g.: Manufacturing industry can benefit heavily from sensor based applications, but
Manufacturers do not have sensor technology know-how / expertise, and
Technology experts do not have the manufacturing domain know-how (i.e. the plant mechanics)
Cenacle bridges this gap between the technologies and businesses.
6. Do you face any rivalry and how do you differentiate yourself from them?
Our unique blend of strong research experience combined with vast cross-domain expertise across multiple verticals (Healthcare, Automotive, Retail, Energy and BFSI) gives us the advantage of being :
one-stop solution for all business problems, and providing
high quality solutions with low-turn around times
Some of our offerings, such as Predictive Maintenance API, Blockchain based Medical Records (EHR) etc. are truly unique in their value proposition.
7. How do you identify your co-founder? Would you like to tell us something about them?
Should be driven by passion for building technology solutions for social problems, and should have the ability to see far into the future beyond the current state of technologies.
8. What is your idea of team formulation? What type of qualities do you search for in your team?
No-compromise attitude for quality
Undying passion for Customer-satisfaction, and
Continuous learning and knowledge-sharing
Strategic planning and execution
9. What are your growth or expansion plans for the next 2 or 5 years?
Reaching more broader segments of audience in the US and Europe with our Blockchain and Artificial Intelligence technology offerings.
10. Where do you see yourself 10 years down the line?
A leader in the Research Outsourcing and Technology Consultation business.
11. What are your short term goals?
Promoting research and technology awareness in the enterprises, and helping more businesses start leveraging AI and Blockchain solutions for their operations.
12. Have you risen any funding yet? Are you looking for the same?
13. Please share your incubation days struggle issues while setting up this venture, and how did you resolve them?
Most of the struggles were business process related, such as the company rules and laws etc. Thankfully with guidance from experts, authorities, related topic research and most importantly the constant support from family members, were able to navigate them smoothly.
14. What was or has been the most challenging part of your journey? How do you overcome the same?
Making certain business decisions at uncertain times is the most challenging part for any business. The only two ways that one can address this are:
Gaining as much information as possible to resolve the uncertainty, or
Gaining as much time as possible before making the decision, so as to consider all possible angles of the situation
In the end, there are no hard and fast rules. Every situation is unique and it is not unfair to say, sometimes luck may also play some role.
15. What is your idea of stress management?
Putting the right people in-charge and delegating the right tasks to right people
16. What do you do to escape the work life in your leisure time?
Spend time with family
17. Where would you like to escape to for a holiday?
Go out for dining, movies, visit places
18. Whom do you consider your idol/role model or biggest motivator and why?
A king named ‘Rama’ from old times who has shown the way how to live a human life with morals and family values.
19. What makes entrepreneurs different from service class professionals?
One follows ones own dream, and others help fulfill that dream. Not all can be dreamers, society needs both.
20. Which part of your life would you like to rewrite if given a chance to restart with your career today?
Having been part of the organizations like Microsoft and Oracle, contributed to their success with pride and passion. Not much regrets there. I believe, would be doing it again same as earlier, perhaps with still more passion if required, knowing fully that everything is a learning experience.
21. How has being an entrepreneur affected your family & Social life?
Entrepreneurs need support from family more than they realize, and sometimes it puts a lot of pressure on all. Thankfully, with good family support, were able to sail through smoothly.
22. Is there anything, you’d like to say to our readers or upcoming entrepreneurs?
Being an entrepreneur is an opportunity for one to not only shape one’s life, but also change the lives of many one touches. It is both an opportunity and responsibility. One who handles it with respect and care can bring peace and harmony to the society at large.
23. Tell us something about your education & family background.
Bachelors of Technology in Computer Science & Engineering from KLCE, Vijayawada.
24. What is your USP or biggest strength that makes you stand apart from your competitors?
Our rich and unique portfolio of solutions is our USP. Our vast research experience enables us to understand the customer’s business problems easily and build completely customized technology solutions that are specific to the needs of the business with efficiency and short turn around time.
25. Why do you think start-ups are so vulnerable to the external business environment? What according to you are the threats to their stability?
Inability to respond quickly to the changes in the external business environment is a major reason why startups are vulnerable. Changing business landscape, unforeseen changes in regulations, economic policies etc. are factors that can affect the stability.
26. Do you consider yourself successful and by what means do you measure success?
We are on the path of success, and still many milestones to achieve. Enabling peace and harmony in all the lives we touch, is what we are trying to achieve as a measure of success for all our customers, employees and stakeholders.
27. Please share your contact details’ as follows:
a. complete name: GK Palem
b. address: Cenacle, Opp. Param Site, Bill, Canal Road, Vadodara 391410
c. phone number: +91 63 553 75268
d. email id & website of Your Business: [email protected], https://cenacle.company
e. Contact Person details: GK Palem