Jacob Varghese's story

Life and Experiences

Can you please tell us a little bit about yourself? Some fun facts and anecdotes from your life.

I live near the Washington DC metro area with my family. I grew up in the southern part of India, a state known as Kerala. I moved here to the United States in the late 90's. I have many interests including traveling, food tasting, cooking, etc. On the weekend, I love to ride my bike on the Washington DC bike trails.

 

Jacob Varghese's story

Professional Career

What was your first job after completing your education?

After my education, I did not go for a job. Instead, I started a company with two of my friends. We have created a micro-financing accounting software and sold that to small financing companies as a turnkey package that included the hardware. I did not have any experience or mentors at that time. I quickly realized the need to get both, so after a year and a half stint as an entrepreneur, I started looking into getting a position with a multinational company.

 

Jacob Varghese's story

Professional Career

You have worked with some reputable organizations in the past, spanning over 20 years. What pushed you to start your own business and become the founder of Noctil?

I was very fortunate to work for Tata Consultancy, HCL, Capgemini & EY, Acumen Solutions, etc. I worked only in the consulting industry for a specific reason; this type of work always challenged me to do something new in every client situation and every project. I am still prepared to step out of my comfort zone and learn something new. These jobs have given me the opportunity to practice precisely that and helped me to meet and network with some of the finest people in the industry.
Starting something of my own was always at the back of my mind. I work incredibly hard. I believed, if I can work for myself in the same way and create value to the community while building a sustainable business, this would be an outstanding achievement. I was always on the lookout for spotting problems and solving them for the industry or community. Solving the problem is a tremendous task but creating a business out of it is incredibly arduous.
Noctil is my third startup venture. In the last one, I came up with a concept and created a prototype and started working on it as a side hustle while working for a busy client. Probably that was the best effort to maintain financial stability, but it was a mistake. One needs to give one hundred percent commitment. If you are not committed, then the potential client may not believe in your product or service. I tendered my resignation and took the plunge in 2017 to work on Noctil product and services, and do not regret it for a moment.

Jacob Varghese's story

Professional Career

Tell us something about your company, Noctil.

We started Noctil as a cloud transformation company that helps customers to migrate and transform their existing technology assets into a cloud platform (Platform as a Service). We help our customers to move their capital expense into the operational expense budget with scalability, agility, and huge cost savings. Now we focus on providing Software as a Service (SaaS) solution to the telecom, media and entertainment industry.
We are at an ideal place to help our customers with a unique combination of our technology transformation experience and cloud technology expertise to bring real value and cost savings.

Jacob Varghese's story

Professional Career

I took a look at MatchIQ. How can it help in business using AI specifically for the music industry? Can it help with copyright issues?

MatchIQ is our flagship solution. It is a fully managed Data Matching Service built on Machine Learning and Cloud Technology that matches data accurately at a low cost.
In the music and movie industries, Rights Management is always a challenging task due to the data quality. Each stakeholder has their interest in the value chain, and the data stewardship is limited to their domain.  And there is no central organization or foolproof process to ensure the quality, integrity, and confidence of the data across the value chain at this point. One of our prospects had collected almost 30 million dollars worth of royalty, but the problem was that they did not know whom to pay.  There was no data to identify this with any sense of authority and confidence.
Traditionally, organizations used a rule-based system to identify Right's assets. This has a couple of drawbacks - someone needs to create this rule manually; human intervention is required to update the rules frequently to accommodate new data changes and pattern, and since it does not learn by itself, accuracy is low.
We found that pattern recognition based on machine learning can solve this problem and improve accuracy. Overall matching can be enhanced over ten to fifteen percent. It removes manual intervention and saves a lot as well.
In addition to this, MatchIQ is available as SaaS solution for a considerably low monthly subscription fee. You can learn more about it at MatchIQ.io.
We believe organizations that do not take advantage of the advanced technologies are going to be left behind and we want to help them by creating this solution.

 

Jacob Varghese's story

Professional Career

What is the future of Cloud computing? Where do you see the industry in the next seven years?

In this side of the world, everything has already moved to the cloud in some form or fashion. In the last ten years, there was a big push to move everything to Infrastructure as a Service (IaaS) for small and medium-size companies. This trend is going to continuing this year, and big companies have started moving their data center assets as well. Platform as a Service (PasS) has gained much momentum in the last five years with a lot of new platform services and products. It will help in democratizing modern and latest technologies. We can quickly build and deploy a solution for many complex use cases using Machine Learning, NLP, AR/VR, Speech and Audio recognition technologies, etc now.  We will see a lot of new solutions and products that utilize these technologies in the next few years.
We are in an exciting era. With 5G deployment, we would see all the network-intensive applications go into the cloud and benefit from the product and service through platform service vendors such as AWS, Microsoft, Google, and IBM.

Jacob Varghese's story

Leadership Advice

Some of the common risks which keep users away from the cloud are Loss or theft of intellectual property, Diminished customer trust, Compliance violations and regulatory actions, Loss of control over end-user actions and many more like this. What are your answers to these issues?

I think each of these risks mentioned here are big enough to have a separate answer.
Loss of data is infrequent among cloud providers nowadays, as the infrastructure itself has the multi-region redundant infrastructure.  As a customer, we should always confirm this aspect before signing up on any services based on the requirement.
Data theft can happen in two ways - as an insider breach or external hacking. Both of these are not necessarily a cloud platform problem. If you manage your data and are connected to the internet, then there is always a chance of back door entry. I argue that the cloud platform vendors are more equipped and up to date on these security measures than a customer managing his/her own data center.
Lack of customer trust is due to the past incidents on how the provider uses the data and who owns the part of customer data, etc. When you sign up for any free services, you agree with their terms on data privacy. Again, one needs to review the agreements carefully on the data uses and rights. In our case, tenants have complete rights, control and access to their data.
Most of the cloud platform vendors have support for important regulatory and compliance codes nowadays. In addition to that, they also provide a platform service to monitor and report any compromises.
Loss of control on end user action is an interesting one. This depends on the type of service you use. For example, if you use salesforce.com, you can get most of the user activity reports from the platform. A technical person can dig deeper and build custom analytics dashboards.
All the concerns you mentioned are very valid, but I believe platform vendors and services providers are addressing this as it evolves.

Jacob Varghese's story

Leadership Advice

Like other executives out there, I am sure you will have love and passion for book reading, what are some of your favorite reads?

Two of my favorite books I would like to mention are:

Nonviolent Communication: A Language of Life by Marshall B. Rosenberg and Deepak Chopra. It teaches us a framework for compassionate and effective communication. I believe Empathy is an important quality that we need to develop.

Never split the difference by Chris Voxx - It teaches us the techniques and tactics for effective negotiation.

Currently, I am reading "Bad Blood" by John Carreyrou.

I have almost 32 books on my list to read this year. Some of them are:
21 Lessons for the 21st Century by Yuval Noah
Shoe Dog by Phil Knight

Jacob Varghese's story

Leadership Advice

Well Jacob, That's almost 3 books per month; It shows importance to book reading has on a leaders life. Thank you so much Jacob. We appreciate you spending your valuable time. Would you like to share a few words about our startup Executives Diary?

Executive Diary is a novel concept that helps professionals to reach a broader audience for their messages. There is a lot of media coverage to learn about the top one % of executives. I do see a gap in other areas which fail to provide a platform to share and learn from similar professionals around the world. Executive Diary bridges this gap precisely.
I wish you all the best and bid a successful year to you (Mr. Muhammad Nauman), and the Executive Diary team.

 

From the diary of Jacob Varghese's story

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