Karan Kurani is the co-founder and CTO of DoctorC, which is the leading marketplace in India connecting consumers with easy, affordable diagnostic & lab tests. He is an alumnus of Cornell University with an overall experience of 8+ years. He has worked with GREE as a Lead Software engineer and founded two startups Shoutt and DoctorC.
DoctorC is an online marketplace in India connecting consumers with easy, affordable diagnostic & lab tests. Their mission is to make health care simple, transparent and affordable.
We interacted with him at a workshop for Data Science enthusiasts conducted by UpGrad in Hyderabad, where he helped us understand how Data Science and Machine learning are improving healthcare and the varied applications it has.
What is the importance of data in today’s world? How do you see this changing in the next 10 years?
It’s increasingly important to always be data-driven in your decision making. So its mission critical for businesses at this point.
Also, with the rise of Artificial Intelligence and Machine Learning, you can automate a lot of these decisions and have great personalization for your customers. The Artificial Intelligence and Machine Learning models are only ever as good as the quality of data passed to them. So data is the new oil is not an understatement. There will be companies worth an aggregate of trillions of dollars in the next century that are only possible to exist because of the data and the data processing power in today’s world.
Tell us a social initiative you would pick up and solve with data if you had infinite time and resources.
What is the biggest threat to the data industry as a profession?
Over-regulation. Look at GDPR and the fallout because of it.
What is the scope of data scientists in the future?
Data scientists are software experts who use tools such as Java, Hadoop, Python, and Pig. Their responsibilities include business exploration, analytics structuring, and data management. The primary reason for Data Science's great future is the high demand it is experiencing as a result of Internet technology. For any organisation, data scientists are game-changers. They can easily analyse big data and find solutions for the enhancement process. The experts assist in the development of marketing strategies and provide excellent product recommendations. Data science serves as a foundation for any firm. Every organisation, from multinational corporations to small startups, requires a Data Scientist to make appropriate use of the massive amounts of data it creates and stores. This domain also has a broad scope in both the current and prospective scenarios.
Which domains require an online marketplaces?
What are the components of a successful startup?
The success of a startup is determined by the startup's concept as well as the entrepreneur's ability to make sound decisions in difficult situations. In India, startups are unable to create profit in the first year of operation, owing to increased competition in all sectors. Implementing an idea, finding the right asset, developing a clear business strategy, and gaining thorough knowledge must be at the forefront of all policies. Plus, the knowledge of the market, its research, and planning are all necessary for a company's current success. Entrepreneurs who have the faith, resources, and right instruction can achieve the success they desire in a startup.