Blog

  • Marketing Strategies of Under Armour: Redefining Excellence

    Founded in 1996 by Kevin Plank, Under Armour quickly became a dominant force in athletic apparel. Its dedication to innovation and superior performance earned the brand a loyal following. With its moisture-wicking fabric and cutting-edge technologies, Under Armour gained the trust of athletes worldwide. The company achieved impressive sales growth, reporting net revenues of approximately $4.5 billion in 2020. However, competition from sportswear giants Nike, Adidas, and Puma pushed Under Armour to a humbling fourth place. Undeterred, Under Armour is determined to reclaim its former glory. With a renewed spirit and sharpened marketing strategy, the company aims to rise from the ashes and challenge its rivals head-on. Though it may have slipped in the rankings, Under Armour remains resilient and driven. As the battle in the athletic apparel industry continues, Under Armour’s fighting spirit positions it as a contender ready to challenge and regain its rightful place at the top.

    Net revenue of Under Armour worldwide from 2012 to 2022
    Net revenue of Under Armour worldwide from 2012 to 2022

    Under Armour – Target Audience
    Under Armour – Marketing Mix
    Under Armour – Marketing Campaigns
    Under Armour Marketing Strategies

    Under Armour – Target Audience

    In the fiercely competitive realm of athletic apparel, Under Armour has masterfully crafted its brand to resonate with a specific and passionate target audience. With laser-like precision, Under Armour has set its sights on athletes, both aspiring and accomplished, who embody determination, perseverance, and an unrelenting pursuit of greatness. This select group forms the beating heart of Under Armour’s captivating and engaging narrative.

    Under Armour’s target audience spans a broad range, encompassing both men and women, from youth to adults. This inclusive approach reflects the brand’s belief that athleticism knows no boundaries and is not confined to a specific gender or age group. Under Armour seeks to inspire and empower individuals across the spectrum, embracing diversity and fostering a sense of inclusivity within its sporting community.

    Its appeal extends globally. While the brand has its roots in the United States, it has gained substantial traction and established a strong presence in international markets. Whether it’s the bustling streets of New York City, the football pitches of Manchester, or the basketball courts of Shanghai, Under Armour’s allure transcends borders, resonating with athletes worldwide.

    Fitness enthusiasts, gym-goers, and outdoor adventurers seeking durable and performance-enhancing apparel find solace in Under Armour’s product offerings. Under Armour’s target audience is more than a group of consumers – it’s a community bound together by a shared passion for athletic achievement.


    Nike’s Marketing Strategies: Winning Formula to Boost Sales and Loyalty
    Nike’s marketing strategy focuses heavily on geographical location because sports vary so much from one place to another.


    Under Armour – Marketing Mix

    Fueling its meteoric rise to success is a meticulously crafted and finely tuned marketing mix. From innovative product development to captivating promotions, Under Armour’s marketing strategy is a symphony of boldness and effectiveness, propelling the brand to the forefront of the industry.

    Product

    At the heart of its marketing mix is its product strategy. With an unwavering commitment to innovation, the brand constantly pushes the boundaries of athletic gear. Through extensive research and development, Under Armour engineers performance-enhancing technologies, such as HeatGear, ColdGear, and UA HOVR, that empower athletes to excel in their respective sports. By offering a wide range of specialized products for different athletic pursuits, Under Armour ensures it meets the diverse needs of its target audience, catering to their every performance requirement.

    Price

    Complementing its exceptional product line, Under Armour’s pricing strategy strikes a delicate balance between value and quality. Positioned as a premium brand, Under Armour’s pricing reflects the cutting-edge technologies and superior craftsmanship that go into its products. By offering a perceived value that justifies the price tag, Under Armour creates an aspirational appeal, positioning itself as the go-to choice for serious athletes and fitness enthusiasts.

    Promotion

    The promotional strategy is where the brand truly shines. With bold and captivating marketing campaigns, Under Armour weaves a compelling narrative that resonates with its target audience. By leveraging high-profile athlete endorsements and engaging storytelling, the brand inspires consumers with tales of dedication, perseverance, and triumph. Through strategic partnerships and collaborations, Under Armour amplifies its reach and taps into the cultural zeitgeist, further cementing its position as a trendsetter in the industry.

    Place

    Distribution forms another crucial pillar of Under Armour’s marketing mix. The brand employs a multi-channel approach, leveraging both physical retail outlets and e-commerce platforms to ensure broad accessibility for consumers. Through partnerships with sporting goods retailers and its own branded stores, Under Armour establishes a strong presence in key markets, while its robust online presence enables global reach and convenience.

    By striking a harmonious balance between performance, aesthetics, and emotional appeal, Under Armour has not only redefined the athletic apparel market but also captured the hearts and aspirations of athletes around the world.

    Under Armour – Marketing Campaigns

    Under Armour’s marketing campaigns are a testament to the brand’s ability to captivate and inspire its target audience. Here are some of their top campaigns that have made a lasting impact:

    I Will What I Want

    This empowering campaign featured influential female athletes, including Misty Copeland and Lindsey Vonn, defying stereotypes and overcoming obstacles. The campaign celebrated the inner strength and determination of women in sports, encouraging them to embrace their ambitions and push beyond limits.

    Misty Copeland – I WILL WHAT I WANT :30

    Rule Yourself

    This campaign showcased the intense dedication and relentless training of athletes such as Michael Phelps and Stephen Curry. The powerful imagery emphasized the idea that success is built on a foundation of countless hours of hard work, encouraging athletes to embrace the grind and pursue greatness.

    UNDER ARMOUR | RULE YOURSELF | MICHAEL PHELPS

    Unlike Any

    Under Armour celebrated the individuality and uniqueness of female athletes through this captivating campaign. It featured poetic narratives combined with striking visuals, highlighting the extraordinary stories and accomplishments of women who have broken barriers and defied expectations.

    Natasha Hastings | UNLIKE ANY

    The Only Way is Through

    This campaign captured the resilience and mental toughness required for athletic success. It depicted athletes like Dwayne “The Rock” Johnson and Tom Brady battling through adversity and pushing past their limits, inspiring viewers to embrace challenges as opportunities for growth.

    UNDER ARMOUR | THE ONLY WAY IS THROUGH

    We Will

    This campaign highlighted the unity and strength of the global sports community. It celebrated the perseverance and determination of athletes at all levels, encouraging individuals to keep pushing forward and never give up.

    Under Armour | #WEWILL

    These campaigns not only showcased Under Armour’s innovative products but also resonated deeply with athletes, evoking emotions and inspiring them to believe in their abilities.

    Under Armour Marketing Strategies

    In the fiercely competitive world of athletic apparel, Under Armour has proven time and again that it is a force to be reckoned with. Fueling its success is a set of innovative and impactful marketing strategies that have captured the hearts and minds of athletes worldwide. From strategic partnerships to cutting-edge digital campaigns, Under Armour’s marketing playbook is a testament to its relentless pursuit of excellence.

    Influencer Collaborations

    Under Armour, strategically partners with influential athletes and fitness enthusiasts, leveraging their star power and credibility to amplify the brand’s message. By aligning with athletes who embody the brand’s values, Under Armour creates a powerful connection with its target audience, inspiring them to aspire to greatness.

    Compelling Storytelling

    Under Armour’s marketing campaigns go beyond mere product promotion. They tell powerful stories that resonate deeply with athletes, evoking emotions and igniting a sense of inspiration. Through captivating narratives, Under Armour connects on a personal level, fostering an emotional bond with its audience.

    Digital Marketing Dominance

    Under Armour has embraced digital platforms with gusto, harnessing the power of social media and online advertising to engage with its audience. From interactive social media campaigns to immersive online experiences, the brand leverages digital channels to create personalized and impactful connections.

    Sponsorships and Events

    Under Armour strategically sponsors major sporting events and teams, ensuring its brand presence is felt on the world stage. By associating with high-profile events and athletes, Under Armour showcases its commitment to athletic excellence, elevating its brand image and attracting a wider audience.

    Data-driven Marketing

    Under Armour utilizes data and analytics to understand consumer preferences, behaviors, and trends. This data-driven approach allows the brand to personalize marketing efforts, tailoring messages and offerings to specific segments, and maximizing the impact of its campaigns.

    Engaging Experiential Marketing

    Under Armour creates immersive experiences for its consumers, allowing them to engage with the brand on a deeper level. From interactive pop-up stores to experiential events, Under Armour fosters memorable and meaningful connections with its audience, leaving a lasting impression.

    In a dynamic and competitive landscape, Under Armour’s marketing strategies stand as a shining example of how to captivate audiences and create a lasting impact. By studying and applying these strategies, marketers, and start-ups can tap into the essence of what drives consumers, build brand loyalty, and ignite their path to success. It’s time to take a page from Under Armour’s playbook and unleash the power of bold and innovative marketing. So, seize the opportunity, harness your creativity, and embark on a journey that leaves a lasting impact on your audience, just like Under Armour has done.

    FAQs

    What is the target audience of Under Armour?

    Under Armour’s target audience spans a broad range, encompassing both men and women, from youth to adults. This inclusive approach reflects the brand’s belief that athleticism knows no boundaries and is not confined to a specific gender or age group.

    What are the top marketing strategies of Under Armour?

    The main marketing strategies of Under Armour are-

    • Influencer Collaborations
    • Compelling Storytelling
    • Digital Marketing Dominance
    • Sponsorships and Events
    • Data-driven Marketing
    • Engaging Experiential Marketing
  • Ample: An Energy Efficient Battery Swapping Business

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Ample.

    When it comes to widespread electric vehicle adoption, the concept of charging can’t be ignored. Are chargers produced in sufficient quantity? Will these chargers charge the cars fast enough?

    Billions of dollars have been spent on producing batteries that can handle fast charges and chargers that can charge vehicles in less time. At least the United States is talking about battery swapping for cars and trucks.

    Ample is among the few top-recognized startups involved in an energy-efficient battery-swapping business. In this article, you will uncover all about Ample, its products, startup story, founders, growth, funding, partners, investors, and more.

    Ample – Company Highlights

    Company Name Ample
    Headquarters San Francisco, California, United States
    Sector EV Batteries Manufacturing
    Founders John de Souza, Khaled Hassounah
    Founded In 2014
    Valuation $890 million(2021)
    Website Ample.com

    Ample – About
    Ample – Industry
    Ample – Founders and Team
    Ample – Startup Story
    Ample – Mission and Vision
    Ample – Business Model
    Ample – Revenue Model
    Ample – Products and Services
    Ample – Challenges Faced
    Ample – Funding and Investors
    Ample – Patents and Trademarks
    Ample – Growth
    Ample – Partners
    Ample – Awards and Achievements
    Ample – Competitors
    Ample – Future Plan

    Ample – About

    Ample is a United States-based company that offers an energy delivery solution that is as fast, convenient, and cheap as gas and powered by 100% renewable energy. This economical, rapidly deployable, and widely accessible platform delivers a full charge to different electric car models within a few minutes.

    Ample serves customers worldwide in Japan, Europe, China, San Francisco, NYC, Chicago, Los Angeles, and other locations.

    Ample – Industry

    Ample is serving the battery-swapping market where companies provide services letting electric vehicle (EV) owners exchange depleted batteries with fully charged ones at specialized stations. The global market size of the battery-swapping industry is projected to grow from $210 million in 2022 to $1,664.44 million by 2032, with a CAGR of 23% during this period.

    The idea of battery swapping gained renewed interest recently due to governments and car manufacturers pushing for EV adoption. Apart from Ample, Better Place, Tesla, Amara Raja, Numocity, BattSwap Inc., and Sun Mobility are some key players in the battery-swapping industry.

    Ample – Founders and Team

    John de Souza and Khaled Hassounah founded Ample in 2014.

    John de Souza

    John de Souza completed SB & SM in EECS from Massachusetts Institute of Technology and an MBA in Finance from College des Ingenieurs. He has been a Board member at Health eVillages. At present, he is the Dignity Health Foundation Board Member at Dignity Health.

    In addition, he holds the role of Global Leadership Council Member at Boston University of School of Public Health and Advisory Board Member at Tivity Health. John is the founder and President of Ample Inc.

    John de Souza - Co-founder and President, Ample
    John de Souza – Co-founder and President, Ample

    Khaled Hassounah

    Khaled Hassounah graduated with a B.Sc. in Electrical and Electronics Engineering from the University of Jordan. He worked as Principal Software Architect at One World Software Solutions and Director of Engineering at IMlogic Inc. Moreover, he has been the Director of the Middle East and Africa at One Laptop Per Child.

    In addition to co-founding Ample Inc., he co-founded MedHelp and remained Board Director at KarmSolar. Currently, he is working as Ample’s CEO.

    Khaled Hassounah - Co-founder and CEO, Ample
    Khaled Hassounah – Co-founder and CEO, Ample

    Ample is a team of over 150 technologists, designers, and environmental enthusiasts from 24 different countries speaking 14 different languages.

    Ample – Startup Story

    Ample is a startup that rose from the ashes of its unsuccessful predecessor, Better Place. When electric vehicles had an ‘uninspiring’ range a few years ago, many companies toyed with the idea of equipping cars with swappable battery packs. It’s when Shai Agassi started a business called Better Place to revolutionize the nascent electric vehicle market. However, by 2013 the company went bankrupt.

    After some time, John de Souza and Khaled Hassounah thought of reviving the battery-swapping business model and came up with the company named Ample. The company introduced an electric vehicle charging system. Moreover, it quickly deploys robots to replace small modular battery packs in electric cars. Unlike Batter Place, which used to build expensive battery stations, Ample created stations built in a space with two parking spaces’ width.

    In 2021, Ample worked with five OEMs and validated its approach to battery swapping with nine different car models. In addition, the company supported level one and level two charging options. The company completed 2.4 million+ battery swaps for Chinese drivers in May 2021.


    The Future of Electric Vehicles In India
    The electric vehicles market is seeing growth spurge in recent years. Find out what will the future of electric vehicles look like in India.


    Ample – Mission and Vision

    Ample aims to solve the energy delivery challenge for electric transportation with autonomous robotics and smart-battery technology. Its mission is to make it possible for every individual to have ‘Electric Cras for Everyone.’

    Ample – Business Model

    Ample’s concept is straightforward, i.e., instead of pulling up an EV to a charging station to get more power, the enterprise proposes the idea of installing Ample’s modular battery packs in the vehicles, which can be swapped out at specific stations.

    Ample produces future-proof modular batteries that can adapt to any EV. These EV batteries are made of Lego-like battery modules that are flexible enough to accommodate any make, design, model, or driving profile.

    Moreover, a combination of computer vision and secure wireless communication with the automobile is used by Ample Station to identify the exact location of each battery module that is to be swapped. The discharged battery modules are removed from the vehicle and charged again to use in the next car.

    Ample – Revenue Model

    Ample generates revenue by producing, deploying, and installing energy-efficient EV modular batteries and providing access to its battery swapping stations.

    Ample – Products and Services

    Ample provides EV modular batteries for cars and trucks of varied make and models and battery swapping stations. Moreover, the company offers Ample App to the drivers of its partner fleets.

    Ample – Challenges Faced

    Ample’s battery charging system is unlikely to succeed as a consumer-focused system but could make sense for only commercial vehicles.

    Ample – Funding and Investors

    Ample has undertaken 5 funding rounds to raise $290.7 million. Its latest funding round – Grant Round, was conducted on February 28, 2023, and raised $15 million. 15 investors fund Ample; the main ones are Blackstone Group, Moore Strategic Ventures, and Shell Ventures.

    Date Round Number of Investors Money Raised Lead Investor
    February 28, 2023 Grant $15 million
    November 10, 2021 Private Equity Round 2 $50 million Blackstone Group
    August 19, 2021 Series C 8 $160 million Moore Strategic Ventures
    February 13, 2020 Series B $34.7 million
    August 6, 2018 Series A 8 $31 million Shell Ventures

    Ample – Patents and Trademarks

    Ample is registered with 4 patents, primarily categorized into the ‘Vehicles In General’ class. In addition, the company has 3 registered trademarks, and ‘Machines and Machine Tools’ is the most popular class.

    Ample – Growth

    The estimated annual revenue of Ample was $71.9 million per year ($463,703 per employee), with a $890 million valuation in August 2021. Moreover, the monthly web visits grew by 47.96%, with 32,623 visits. And its employee count elevated by 50% last year.

    Introducing Ample: A New Way to Deliver Energy to Any Electric Vehicle

    Ample – Partners

    Ample has partnered with:

    • Uber
    • Sally
    • Repsol
    • Eneos

    Ample – Awards and Achievements

    Some of the awards that Ample received are:

    • World Changing Ideas by Fast Company Magazine in 2022
    • 10 Most Innovative Companies by Fast Company Magazine in 2022
    • Best Inventions by Time Magazine in 2021

    Ample – Competitors

    Some of its main competitors are:

    • BYD
    • ISERVICE Auto
    • Launch Tech USA
    • EMPI
    • GERMAN Auto
    • Edelbrock Group
    • Singulato

    Ample – Future Plan

    Ample and Uber plans to extend their partnership to Europe to electrify half the rides booked across seven European capitals, including Amsterdam, Paris, London, Berlin, Madrid, and Lisbon, by 2025.

    FAQs

    What does Ample do?

    Ample offers an energy delivery solution that is as fast, convenient, and cheap as gas and powered by 100% renewable energy. This economical, rapidly deployable, and widely accessible platform delivers a full charge to different electric car models within a few minutes.

    Who are the founders of Ample?

    John de Souza and Khaled Hassounah founded Ample in 2014.

    Who are the main competitors of Ample?

    Some of Ample’s main competitors are:

    • BYD
    • ISERVICE Auto
    • Launch Tech USA
    • EMPI
    • GERMAN Auto
    • Edelbrock Group
    • Singulato
  • Top 8 Essential SEO Tools for Freelancers and Agencies in 2023

    In today’s competitive world, where substitutes for every product exist, whether in real life or on the internet, it is crucial to gain visibility to capture the attention of customers. This applies to everything from a chocolate cake recipe to a pair of jeans. To simplify the process and achieve strong visibility for your website, a robust and effective Search Engine Optimization (SEO) strategy is essential.

    To strengthen their SEO game, freelancers and agencies rely on various tools. These tools serve as invaluable resources to enhance content visibility and improve rankings on search engines like Google. In this article, we will delve into the SEO tools commonly utilized by freelancers and agencies, exploring how they leverage these tools to increase their website’s noticeability and attract a larger customer base.

    “A good tool improves the way you work. A great tool improves the way you think.” – Jeff Duntemann

    Search Engine Optimization (SEO) is crucial for gaining attention and visibility for your website. In addition to that, there are several compelling reasons why SEO tools are indispensable:

    1. Competitive Analysis: Many SEO tools offer the ability to monitor competitor traffic numbers and strategies in an ethical manner. This valuable insight allows you to understand how their content is performing and stay ahead of the competition.
    2. Keyword Research: SEO tools provide comprehensive lists of relevant keywords that can significantly enhance the visibility of your content. By targeting the right keywords, you can attract more organic traffic to your website.
    3. SEO Audits: Conducting regular SEO audits using these tools helps identify any issues or shortcomings on your website. By addressing these issues promptly, you can save valuable time and resources while ensuring optimal performance.
    4. Performance Tracking: SEO tools enable you to measure the effectiveness of the strategies implemented to rank your website higher on search engine results pages. By analyzing data and metrics, you can gauge the success of your SEO efforts and make informed decisions.

    Give your organic rankings the desired boost with the Help of 99Outreach SEO Services

    Why Choose Team 99Outreach?

    Guaranteed Satisfaction | In-house content creation | Team of experts

    Get Started

    Top SEO Tools for Freelancers and Agencies

    SEMrush
    Ahrefs
    LinkAssistant
    Authority Labs
    RankTracker
    KWFinder
    WooRank
    Moz Pro

    SEMrush

    Website www.semrush.com
    Rating 4.7/5
    Best For keyword research, tracks competitor keyword strategy, SEO audit, backlinking opportunities, and lots more.
    Free Trial Available
    SEMrush - Top SEO Tool for Freelancers
    SEMrush – Top SEO Tool for Freelancers

    This visibility management platform was founded in the year 2008 and is considered one of the best tools in the category of SEO. With its headquarters in Boston, United States, this tool helps the user to identify the keywords that are being used by their competitors.

    SEMrush provides an option for analyzing the competitor’s strategy in an ethical way and understanding their SEO game. It also helps in getting local customers by making the site evident in their local searches, plus it tracks down daily target keywords that will help the content in gaining more traffic.

    Pricing Plan:

    Have a look at the pricing details of each package.

    Plan Yearly Price Monthly Price
    Pro $99.95/month $119.95/month
    Guru $191.62/month $229.95/month
    Business $374.95/month $449.95/month

    Ahrefs

    Website Ahrefs.com
    Rating 4.6/5
    Best For Competitor Research, Link Building, Keyword Research, Website Audit, Content Research, Rank Tracking
    Free Trial Not Available
    Ahrefs - freelancer search engine optimization tool
    Ahrefs

    Ahrefs is a powerful SEO tool that is commonly used by freelancers and agencies to enhance their search engine optimization efforts. It offers a wide range of features and functionalities to help with keyword research, competitive analysis, backlink analysis, content optimization, rank tracking, and more. Freelancers and agencies can leverage Ahrefs to improve their clients’ website visibility, analyze competitors’ strategies, identify high-ranking keywords, track keyword rankings, and monitor backlinks. Overall, Ahrefs provides valuable insights and data that can aid in making informed SEO decisions and driving better organic search results.

    Pricing Plan:

    Have a look at the pricing details of each package.

    Plans Monthly Price Yearly Price (Get 2 months Free)
    Lite $99 per month $83 per month
    Standard $199 per month $166 per month
    Advanced $399 per month $333 per month
    Enterprise $999 per month $833 per month

    SEO Forecasting: How To Use Data Forecasting For SEO – StartupTalky
    With data forecasting for SEO, sites can rank higher, increase traffic, conversion rates and most important increase sales. SEO forecasting is very useful.


    LinkAssistant

    Website www.link-assistant.com
    Rating 4.3/5
    Best For Link Building
    Free Trial Available
    LinkAssistant - SEO tool for freelancers and agencies
    LinkAssistant

    LinkAssistant, established in 2004, is a popular SEO tool that is beneficial for freelancers and agencies involved in search engine optimization activities. It is part of the SEO PowerSuite toolkit and specifically focuses on link building strategies. By providing features such as finding link prospects, managing outreach campaigns, tracking backlinks, and monitoring competitor link profiles, LinkAssistant helps streamline link building efforts for freelancers and agencies.

    It assists in identifying suitable link opportunities, facilitating link exchanges, and offers a vast array of backlink suggestions. As part of the SEO Powersuite, it provides a comprehensive solution for optimizing websites, including powerful tools for rank tracking, website auditing, SEO research, and more.

    Pricing Plan:

    Have a look at the pricing details of each package.

    Plans Yearly Price
    Free $0
    Professional $299 per year
    Enterprise $499 per year







    Try SEO Powersuite by LinkAssistant



    Authority Labs

    Website www.authoritylabs.com
    Rating 4.8/5
    Best For Keyword rank tracking and monitoring
    Free Trial Available
    Authority Labs - SEO tool for rank tracking
    Authority Labs

    Authority Labs is an essential tool that allows users to monitor their search engine rankings effectively. Founded in 2008 by Chase Granberry, this search engine monitoring service simplifies the task of tracking website rankings on a regular basis. With Authority Labs, users can monitor their rankings not only at a global level but also by city and zip code, providing valuable insights into local search visibility.

    Additionally, the tool offers competitor ranking monitoring, enabling users to stay updated on their competitors’ performance. It helps identify relevant keywords that are driving results, ensuring that content is optimized accordingly.

    Furthermore, Authority Labs provides insights into the number of pages receiving organic traffic, allowing users to gauge the reach and effectiveness of their SEO efforts. Overall, Authority Labs empowers users with the information they need to make informed decisions and improve their search engine rankings.

    Pricing Plan:

    Have a look at the pricing details of each package.

    Plans Monthly Price
    Plus $49 per month
    Pro $99 per month
    Pro Plus $225 per month
    Enterprise $450 per month

    Best 10 SEO Chrome Extensions You Should Try Out Today
    Chrome extensions for SEO can take over many tasks such as collecting data regarding keyword difficulty, traffic metrics, etc. Check out the list of the best SEO Chrome extensions here.


    RankTracker

    Website www.ranktracker.com
    Rating 4.6/5
    Best For Keyword rank tracking and monitoring
    Free Trial Available
    RankTracker - SEO tool for rank tracking
    RankTracker 

    RankTracker is an SEO tool that focuses on tracking search engine rankings and keyword performance. It is designed to provide users, including freelancers and agencies, with comprehensive insights into their website’s rankings across various search engines and geographical locations.

    With RankTracker, users can monitor their keyword rankings over time, track progress, and identify opportunities for optimization. The tool allows users to input their target keywords and automatically track their positions in search results, helping them assess the effectiveness of their SEO efforts. RankTracker provides valuable data on keyword rankings, search volume, and competition, empowering users to make informed decisions and improve their website’s visibility in search engine results pages.

    Pricing Plan:

    Have a look at the pricing details of each package.

    Plans Monthly Price
    Starter $24.00 per month
    Double Data $59.00 per month
    Quad Data $109.00 per month
    Hex Data $209.00 per month

    Top 15 Keyword Research Tools For SEO in 2023 (Free & Paid)
    keyword research is essential to find right keywords to optimize your website and content. Here are top keyword research tools for your business.


    KWFinder

    Website Mangools.com/kwfinder/
    Rating 4.5/5
    Best For Keyword research and content marketing
    Free Trial Available
    KWFinder - SEO tool for freelancers and agencies
    KWFinder

    KWFinder is an SEO tool that specializes in keyword research and analysis. It helps users, including freelancers and agencies, discover relevant keywords with high search volumes and low competition. KWFinder provides a user-friendly interface that allows users to input their seed keywords and generate a list of related keywords along with important metrics such as search volume, keyword difficulty, and cost-per-click (CPC) data. This information helps users identify valuable keywords to target in their content and SEO strategies.

    Additionally, KWFinder provides additional insights such as search trends, SERP analysis, and competitor analysis, allowing users to make data-driven decisions and optimize their website for improved search engine rankings and organic traffic.

    Pricing Plan:

    Have a look at the pricing details of each package.

    Plans Monthly Price
    Mangools Basic $49.00 per month
    Mangools Premium $69.00 per month
    Mangools Agency $129.00 per month


    Start Using KWFinder Now


    List of Best SEO Competitor Analysis Tools to use
    Digital marketers know the importance of keyword for ranking on Google. Here are the Best SEO Competitor Analysis Tools to help you rank better.


    WooRank

    Website www.woorank.com
    Rating 4.5/5
    Best For Link Building, Keyword Research, and SERP Rank Tracking
    Free Trial Available
    WooRank - SEO tool for freelancers and agencies
    WooRank

    WooRank is an SEO tool that offers website analysis and optimization features. It provides users, including freelancers and agencies, with a comprehensive overview of their website’s performance, identifying areas for improvement and optimization. WooRank analyzes various aspects of a website, including on-page SEO, mobile-friendliness, backlinks, social media presence, and more. The tool generates an easy-to-understand report with actionable insights and recommendations to enhance the website’s SEO and user experience.

    Additionally, WooRank offers competitor analysis, keyword tracking, and website monitoring features to help users stay ahead in their SEO efforts. By utilizing WooRank, users can optimize their websites to drive better search engine rankings, increase organic traffic, and improve overall website performance.

    Pricing Plan:

    Have a look at the pricing details of each package.

    Plan Yearly Price Monthly Price
    Pro $$53.25/month $79.99/month
    Premium $133.25/month $199.99/month
    Enterprise Custom Price Custom Price

    22 Best SEO Tools To Use in 2023 | SEO For SaaS Startups
    SEO is critical for your SaaS company to stay ahead of the competition. Here is a list of top SEO tools you must try today for long-term success.


    Moz Pro

    Website Moz.com
    Rating 4.5/5
    Best For Site tracking, link building, competitor analysis, keyword research
    Free Trial Available
    Moz Pro - SEO tool for freelancers and agencies
    Moz Pro

    Moz Pro is a robust collection of SEO tools that enables users to effectively monitor and enhance their website’s search engine ranking. With Moz Pro, users can track their rankings, analyze competitor websites, and gain valuable insights into their own website’s performance and visibility. The tool suite includes powerful analytics that provide in-depth information on keyword performance, link metrics, and site audits. By leveraging Moz Pro, businesses can stay ahead of the competition by staying informed about their competitors’ rankings through SERP analysis, utilizing the technical insights offered by the platform, and conducting regular site audits to identify areas for improvement.

    Pricing Plan:

    Have a look at the pricing details of each package.

    Plan Yearly Price Monthly Price
    Standard $67/month $99/month
    Medium $125/month $179/month
    Large $209/month $299/month
    Premium $419/month $599/month

    Best 8 On-page SEO Checkers | SEO Auditing Tools
    SEO checker finds the issues on the websites so that they can be optimized well to get ranked high. Here are the top 8 On-page SEO checker tools.


    Conclusion

    The world of SEO is constantly evolving, and to stay ahead of the curve, freelancers and agencies need to arm themselves with the right tools. In this blog, we explored the top SEO tools for freelancers and agencies. These tools offer invaluable features and functionalities that empower SEO professionals to optimize their websites, gain a competitive edge, and attract more organic traffic. By leveraging these essential SEO tools, freelancers and agencies can make informed decisions, save time and resources, and ultimately improve their website’s visibility and rankings.

    Remember, in the fast-paced world of SEO, staying up-to-date with the latest tools and trends is crucial. Embrace these essential SEO tools, harness their power, and watch as your website climbs higher in search engine rankings, attracts more visitors, and achieves greater online success.

    FAQs

    What are SEO tools?

    SEO tools assist in optimizing websites for search engines, providing functionalities such as keyword research, competitor analysis, site auditing, and performance tracking to improve visibility and rankings.

    What are the essential SEO tools that freelancers and agencies should consider?

    Some of the top essential SEO tools for freelancers and agencies include Google Analytics, SEMrush, Ahrefs, Moz Pro, Screaming Frog, Rank Tracker, and Google Search Console.

    Are these SEO tools suitable for beginners in the industry?

    Yes, these SEO tools cater to both beginners and experienced professionals. They provide user-friendly interfaces, comprehensive documentation, and support resources to assist freelancers and agencies at any stage of their SEO journey.

    Is SEO easy to learn?

    SEO is easy to learn but hard to master. Dedication, continuous education, and hands-on experience are key to becoming proficient in SEO.

    How can Google Analytics benefit freelancers and agencies?

    Google Analytics provides valuable insights into website traffic, user behavior, and conversions. Freelancers and agencies can use it to track the performance of their SEO efforts, identify audience demographics, measure goal completions, and optimize their strategies accordingly.

    What are the key features of SEMrush that make it essential for SEO professionals?

    SEMrush offers a range of features, including keyword research, competitor analysis, site auditing, backlink analysis, and rank tracking. These features empower freelancers and agencies to enhance their keyword strategies, uncover competitor insights, identify site issues, and track their search engine rankings.

    Can these SEO tools be used for both on-page and off-page optimization?

    Yes, many of the essential SEO tools mentioned in the blog cover both on-page and off-page optimization aspects.

  • Regulatory Hurdles on ‘Finfluencers’ in India

    Influencer marketing is defined as a form of social media marketing According to Statista, the global influencer market size has more than doubled in value since the year 2019. Currently, its estimated value is USD 21.1 billion. The ever-expanding platforms of social media are used by marketers and influencers to bridge the gap between brands and consumers.

    Within the spectrum of social media influencers, the last few years have witnessed the rise of financial influencers. Commonly known as finfluencers, are influencers who give information and advice on a wide variety of financial topics that include stock market trading, personal finance, and mutual funds. They use various social media platforms, with YouTube being their medium of choice. Such financial influencers post short videos in either English or even regional languages to connect with small-town investors. Some popular finfluencers have a following that runs into millions.

    Rise of Finfluencers in India
    Case of PR Sundar & Mansun Consultancy
    Regulating Finfluencers

    Rise of Finfluencers in India

    The National Center for Financial Education conducted a survey in the year 2019 that highlighted the low financial literacy rates in the country (27%). This played a leading role in the large-scale popularity of financial advice videos from various financial influencers. First-time investors, specifically from far-flung towns and cities were drawn to these videos. The pandemic and the resulting lockdowns saw an explosion in the popularity of finfluencers in India as millions of new investors entered the market. Trading was democratized as broking firms-built apps that were user-friendly, the availability of affordable smartphones was easy, data plans became cheaper and the rise of digital payments helped further ease for new entrants into the investment market. The gap that was then created by the lack of financial knowledge was fulfilled by finfluencers.

    Case of PR Sundar & Mansun Consultancy

    The financial influencer P R Sundar was running a website named www.prsundar.blogspot.com through which he offered various advisory services instead of different payment packages. The collected fees that were received using a payment gateway were linked to his company Mansun Consultancy Pvt. Ltd. The company was founded in June 2017 with two promoting directors, Mr. P. R. Sundar and Ms. Mangayarkarasi Sundar.

    The Securities and Exchange Board of India (SEBI) received two references that stated that Sundar was offering financial consulting services through Mansun Consultancy without obtaining the necessary SEBI registration. This prompted the market regulator to issue a ‘show cause’ notice in May 2022 followed by a supplementary show cause notice in November 2022 where it alleged that the website had a tab titled ‘Advisory’ and that the business mentioned as per KYC documents of ICICI Bank and Razorpay stated it as a share marketing consultancy.

    SEBI had discovered that Mansun Consultancy was recommending purchasing, selling, and dealing in securities which was, then, communicated to clients. All these activities come under the purview of a registered investment advisory business. It is important to note that Sundar had over a million followers on YouTube and another hundreds of thousands on Twitter.

    To quickly and efficiently deal with this breach, Mansun Consultancy has agreed to pay a settlement of INR 15,60,000/-each, for a total of Rs. 46,80,000/- to SEBI, as well as a disgorgement amount of Rs. 6,07,69,863/, with interest at 12% per year from June 1, 2020, till the date of submission of the RST. Apart from this, the firm and its promoters have also agreed to refrain from buying, selling, or dealing in securities for one year from the passing of the settlement order.

    SEBI’S action against P R Sundar has been welcomed by registered investment advisors who have been, for some time, raising the issue of disparity in regulations between them and the finfluencers.


    Financial Year 2023-24: Manage Your Money Better | Paisabazaar
    Looking to improve your financial health in 2023-24? Paisabazaar’s finance management guide can help. Start building a better financial future today.


    Regulating Finfluencers

    Union Finance Minister Smt. Nirmala Sitharaman had addressed the concerns that are circling the finfluencer community and had warned against the dangers of Ponzi schemes that offer financial solutions. She clearly stated that since there was no current proposal to regulate influencers, a cautious approach was necessary –

    “If there are three or four people giving us very objective, good advice, there are seven others out of 10 who are probably driven by some other considerations.”

    SEBI issued an advertisement code in April 2023 for investment advisors and research analysts to strengthen their compliance with the IA regulations. Under the stipulations of this code, any communication, whether audio-visual, text messages or messaging platforms, issued by or on behalf of an investment adviser that may influence investment decisions requires prior approval from BASL (BSE Administration & Supervision Ltd.). This is a first step towards promoting and regulating the growth of the finfluencer community.

    Financial Influencers A Growing Concern In India, Says FM Nirmala Sitharaman

    Conclusion

    The finfluencer community is emerging rapidly and at an unprecedented pace. SEBI is striving to regulate a segment that was not even in existence half a decade ago. Hence, it does not have a regulation playbook to rely on and, essentially, is forging its regulatory path in a segment that is also highly fragile to unruly players. Having said this, finfluencers play a critical role in financial literacy. Hence, SEBI has the unenviable task of regulating the segment without undermining its contribution. Time will reveal how SEBI designs its regulations that allow the finfluencer segment to function optimally.

    FAQs

    Who are Finfluencers?

    Finfluencers are influencers who give information and advice on a wide variety of financial topics that include stock market trading, personal finance, and mutual funds.

    What did SEBI issue for investment advisors and research analysts to strengthen their compliance with the IA regulations?

    SEBI issued an advertisement code for investment advisors and research analysts.   It stated that any communication, whether audio-visual, text messages, or messaging platforms, issued by or on behalf of an investment adviser that may influence investment decisions requires prior approval from BASL (BSE Administration & Supervision Ltd.).

  • How to Tell Stories as a Brand: Embrace the Power of Storytelling

    This article has been contributed by Gaurav Bhagat, Founder, Gaurav Bhagat Academy.

    Did you ever see the 1994 Cadbury’s dairy milk ad “Kuch Khas Hain” which featured the model Shimona Rashi dancing onto the cricket field after her boyfriend hit the winning runs, perhaps you caught the 2021 remake. Both connected and at least made me reach for the refrigerator and look for Dairy milk. The only difference was that in 1994 it was my mother who was giving me dirty looks and in 2021 it was my wife.

    There is an age-old saying that has held true through the ages “Facts tell but stories sell”. Think about that for a second, facts are informative, but stories are 10 times more persuasive. The reason is obvious, stories can connect with people on an emotional level, and facts can sometimes be dry and boring. When you tell a story, you create a connection with your audience and make them feel something. This will make them more likely to remember your message and take action. As the custodian of a brand isn’t that what you want? Good advertisers and storytellers understand this and make the most of this. In this article, Gaurav Bhagat hopes to share some insights that can help you do the same.

    Things to Keep in Mind When Crafting Your Brand Story

    Numerous studies conducted by researchers around the world found that when people hear a story, their brains activate the same areas that are activated when they experience the events in the story themselves. This suggests that stories can create a memorable experience for the listener, which can help them connect with the story and the brand it represents on a deeper level.

    So, yes, stories can be powerful, but one should be mindful of some of the pitfalls and things to keep in mind when crafting your story.

    • Make sure your stories are relevant to your audience. It’s critical to focus on the customer and not yourself. While the story can get them to like you, do focus on their needs and interests first. Else they’ll switch off.
    • Keep your stories short and to the point. Depending on the platform of delivery, you may have as little as 7 seconds in a couple of minutes. Make it count.
    • Use language that paints a picture, some would call this a “technicolor introduction”. Our objective has to be to paint a vivid picture and get them to be in it.
    • Make sure your stories have a clear message, and if they end with a call to action, then that is even better.
    • Make sure your story is authentic, there is nothing worse than telling a story that is exaggerated and will make you seem inauthentic. In the world we live in today, just know that you’re speaking to an educated audience, and they can spot a fake when they see one. Sure, your story may not be a blockbuster, but you will move the needle with the truth.
    • Not being creative. If your storytelling is boring and predictable, people are going to tune out. Get creative with your storytelling and find ways to make it interesting and engaging.
    • Consistency is key. If your storytelling is inconsistent, people will get confused, and the message will be lost. Make sure your stories are all aligned with your brand values and end goal.

    If you want to be a good storyteller and create memorable campaigns, here are a few suggestions. Understand your end audience’s “WHY”, like why should they care, why should they listen in, and why should they act? So simply put the why is their purpose and motivation to act.

    Key Variables for Understanding the Audience’s Purpose

    The 5 variables Gaurav uses as a coach and consultant to understand the audience’s purpose could be summed up using the acronym S.P.A.C.E.

    S: Safety and Security, it’s a big one. Think about Saffola ads that talk about good health or Havells when they talk about fire-retardant wires.

    P: Performance, any luxury car maker has used this one. It’s a big motivator. Even Boost as a drink has capitalized on this one big time.

    A: Appearance, think cosmetics, the beauty industry, clothing. They all use this brilliantly.

    C: Culture, is a powerful one, many are driven to action because they relate to the culture of an organization that is behind the product or service. Think Tata Group and tell me what comes to your mind.

    E: Economics, in this context, refers to showcasing value rather than simply being the cheapest. Everyone remembers the Maruti campaign of “Kitna deti hain” or the Sikh boy playing with his dinky car and when questioned by his father, replies “petrol khatam hi nahi hunda”.

    Great storytelling is an art, but it’s also a skill that can be honed. The best way will be to just get out there and get started, do your research, and use the template above to see what will resonate with your audience. Put yourself in their shoes, and vice versa. Start by creating the story outline and asking those in your inner circle for feedback. Once you’ve done that, take it to people who don’t really know you that well and eventually even to complete strangers.

    In conclusion, don’t be afraid to experiment with different techniques and styles. The more you practice, the better you will become at telling stories, and who knows, one day even your brand and your story will go down in history as one of the greats.


    List Of Best Storytelling Ads that Inspired Many
    Storytelling plays a very important role in advertising. Here are the best examples of storytelling ads that took the brand to new heights.


  • Attentive: Personalized Text Messaging Solution for Innovative Brands

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Attentive.

    With the world and market changing so fast, companies are prioritizing things that can drive incremental revenue, elevate online sales, and make it easier to reach target customers. The tremendous rise of mobile devices and messaging applications has led users to expect faster response times from the businesses they interact with. Moreover, consumers are expecting a human-like conversational experience from the leading brands.

    In this digital age, businesses can now access innovative mobile messaging platforms to deliver a human-like conversational experience. One such messaging platform is Attentive. The company is the leader in conversational commerce and is reinvesting in business-consumer communication systems.

    This article shares every crucial detail about Attentive, from its founders and startup story to products, business models, funding, growth, and more.

    Attentive – Company Highlights

    Company Name Attentive
    Headquarters New York City, New York, United States
    Sector Advertising Services
    Founders Brian Long and Andrew Jones
    Founded In 2016
    Valuation $6B (2022)
    Website Attentive.com

    Attentive – About
    Attentive – Founders and Team
    Attentive – Startup Story
    Attentive – Mission and Vision
    Attentive – Business Model
    Attentive – Products and Services
    Attentive – Funding and Investors
    Attentive – Mergers and Acquisitions
    Attentive – Patents and Trademarks
    Attentive – Growth
    Attentive – Partners
    Attentive – Awards and Achievements
    Attentive – Competitors
    Attentive – Future Plan

    Attentive – About

    Attentive is a personalized SMS-first software platform that aids entrepreneurs and enterprises in connecting with their consumers and creating meaningful interactions.

    More than 8,000 innovative brands built on Magneto, Shopify, BigCommerce, and more, like Coach, CB2, Pura Vida, and Urban Outfitters, trust Attentive. Moreover, the company’s text messaging marketing solution help leading brands earn 19% of total online revenue.

    Attentive – Founders and Team

    Brian Long and Andrew Jones are the founders of Attentive.

    Brian Long

    Brian Long attended the University of Pennsylvania to complete his B.A. and NYU Stern School of Business for an MBA in Finance and Entrepreneurship. He has diverse work experience as the ex-Director of Sales and ex-SVP Mobile at Crossboard Mobile.

    After working as TapCommerce’s Co-Founder and CEO, Brian held the role of Senior Director at Twitter. Currently, he is the Attentive’s Co-Founder and CEO.

    Brian Long - Co-founder and CEO, Attentive
    Brian Long – Co-founder and CEO, Attentive

    Andrew Jones

    Andrew Jones graduated from NYU Stern School of Business with a B.S. degree in Information Systems and Finance. He was an Engineering Program Manager at Demdex, Inc and Co-Founder and Chief Product Officer at TapCommerce.

    He worked as Senior Product Manager at Twitter. In addition, he held the role of Co-Founder and Chief Product Officer at Attentive till July 2022. At present, he is exploring Jones Family Office.

    Andrew Jones - Co-founder and Chief Product Officer, Attentive
    Andrew Jones – Co-founder and Chief Product Officer, Attentive

    Attentive is a distributed team of more than 1,200 employees.

    Attentive – Startup Story

    Attentive was founded in 2016 by Brian Long and Andrew Jones, co-founders of TapCommerce, a startup established to help apps target their advertising campaigns. They both commenced their previous startup in 2021 and started working at Twitter two years later when this social media company acquired their business.

    This time, when Brian thought of founding Attentive, he had a longer-term vision for the company. He realized the expectation of consumers to communicate with the companies in real-time in the coming three to five years. In April 2022, Attentive expanded internationally by opening its office in London, UK, and launched Concierge and Text-to-Buy later in the same year. Now the company provides services to thousands of brands worldwide.

    Attentive – Mission and Vision

    The mission of Attentive is to reinvent business-to-consumer communication and commerce for the mobile age.

    Attentive – Business Model

    Attentive is the conversational commerce platform that humanizes the consumer experience. Its software integrates with customer service and email software, like MailChimp or Zendesk, providing a smoother communication channel for brands to interact with customers.

    Moreover, the software allows companies to customize the messages to focus on buyers who leave some items in their online cart, buy most frequently, and are based in specific geographic regions, among other traits. Attentive has also allowed retailers to automatically respond to consumers who text brands back, creating a conversational experience.


    GupShup Success Story | Leading Platform for Conversational Messaging
    Gupshup is India’s leading conversational messaging platform that helps create advanced bots for large businesses. Learn more about the company, its founders, business model etc.


    Attentive – Products and Services

    Attentive platform’s product offerings include Integrations, Compliance, Deliverability, and Attentive A.I. The company’s solutions are Growth, Audience Manager, Messaging, Analytics, and Email.

    Attentive – Funding and Investors

    Attentive has undertaken 7 funding rounds and raised a total amount of $863 million. Its latest funding round – Series E Round, was conducted on March 24, 2021, and secured $470 million. Some world’s leading venture firms that back the company are Bain Capital Ventures, Sequoia, Coatue, Eniac Ventures, TigerGlobal, Base10, High Alpha, and NextView.

    Date Round Number of Investors Money Raised Lead Investor
    March 24, 2021 Series E 5 $470 million Coatue
    September 23, 2020 Series D 15 $230 million Coatue
    April 15, 2020 Series C 3 $40 million Coatue, Sequoia Capital
    January 29, 2020 Series C 6 $70 million IVP, Sequoia Capital
    August 12, 2019 Series B 7 $40 million Sequoia Capital
    February 8, 2018 Series A 5 $13 million Bain Capital
    October 5, 2016 Seed Round 3 Eniac Ventures, NextView Ventures

    Attentive – Mergers and Acquisitions

    Attentive acquired 2 companies, i.e., Tone on June 9, 2021, and Privy on June 4, 2021.

    Attentive – Patents and Trademarks

    Attentive’s intellectual property comprises 4 registered patents, with ‘Computing; Calculating’ being the primary category. In addition, the company has 2 registered trademarks, and ‘Scientific and Technological Services’ is the most popular category.

    Attentive – Growth

    Attentive secure 99% open rates, more than 30% click-through rates, and over 25x ROI. In 2022, the estimated revenue of Attentive was $265.7 million annually ($210,178 revenue per employee). Moreover, the company’s annual recurring revenue (ARR) grew from $125 million in 2021 to $200 million in 2022. In the same year, it was valued at $6 billion.

    Attentive—Conversational SMS Marketing Platform

    Attentive – Partners

    Attentive has partnered with a wide array of leading brands, and some of its partners are as follows:

    • Shopify
    • Salesforce
    • CB2
    • Magneto
    • Alloy Automation
    • BigCommerce
    • BlueShift
    • Clearco
    • Daasity
    • Gladly
    • Endear
    • Loop

    Attentive – Awards and Achievements

    Attentive garnered many prestigious awards, and some of these are:

    • America’s Best Startup Employers 2022 List by Forbes
    • Ranked #10 on the 2022 Forbes Cloud 100 List
    • Ranked No. 3 Fastest-Growing Company in North America is the list of 2021 Deloitte Technology Fast 500

    Attentive – Competitors

    Some main competitors of Attentive are:

    • Flurry Analytics
    • CleverTap
    • Iterable
    • AppsFlyer
    • EZ Texting
    • Braze
    • Kochava
    • Birdeye

    Attentive – Future Plan

    Attentive plans to accelerate its rapid pace of product innovation and invest in the hiring and professional development of the company’s talented employees.

    FAQs

    What does Attentive do?

    Attentive is a personalized SMS-first software platform that aids entrepreneurs and enterprises in connecting with their consumers and creating meaningful interactions.

    Who founded Attentive?

    Brian Long and Andrew Jones founded Attentive in 2016.

    Who are the main competitors of Attentive?

    Some main competitors of Attentive are:

    • Flurry Analytics
    • CleverTap
    • Iterable
    • AppsFlyer
    • EZ Texting
    • Braze
    • Kochava
    • Birdeye
  • China’s Rising National Debt & Its Implications

    China has been one of the world’s leading economic powers for almost two millennia. Until the late 1700s, it accounted for approximately one-quarter of the global GDP (Gross Domestic Product). By the time the industrial revolution was beginning in Great Britain by 1820, China was accounting for approximately one-third of the global GDP. These numbers factually reflected that China’s GDP at the time was six times as large as that of Great Britain.

    Under the leadership of Deng Xiaoping, the Chinese government began introducing economic reforms in the year 1978 which resulted in the country becoming the fastest-growing major economy in the world. China registered an average growth rate of 10% over the next 30 years. Its sustained growth rate could be attributable to its export relationships, its large-scale manufacturing sector, and the country’s low-wage workers.

    As one of the largest economies in the world, the country was successful in avoiding the global economic downturn due to the Covid-19 pandemic. However, in the year 2022, it posted one of its worst economic performances in decades because of the pandemic.

    China’s National Debt
    What is National Debt
    Reasons for China’s Increasing National Debt
    Impact of High National Debt on the Chinese Economy

    China’s National Debt

    As of the year 2020, the national debt of the People’s Republic of China stood at an approximate amount of USD 7 trillion. This amount was equivalent to around 45% of the country’s GDP. The off-balance sheet debt of Chinese local governments, as per the Standard & Poor’s Global rating, was amounting to approximately USD 5.8 trillion while the International Monetary Fund said that the debt owned by the state-owned industrial firms was another 74% of the total country’s GDP.

    According to Forbes, at the last measure, China’s debt of all kinds – public and private and in all sectors of the economy – amounted to a staggering USD 51.9 trillion, which is almost three times the size of China’s economy. Since the time Beijing first began tracking such statistics, twenty-seven years ago, this amount is the highest level of debt recorded.

    The Beijing-backed National Institution for Finance and Development has stated that local authorities are set to issue a new debt amount of approximately USD 570 billion for the next year. This precarious situation of China is further highlighted by its comparison of relative debt to the United States. By mid of the year 2022, China’s national debt was 40% higher than that of the US.


    A Case Study on America’s Rising Debt and its GDP
    The debt of the United States has had several ups and downs, but with the pandemic the debt of USA has crossed all time high. Lets understand America’s Rising Debt


    What is National Debt

    National debt refers to the outstanding financial obligation of a particular country and what the central government owes to its creditors. The amount of the national debt of a country represents the past annual budget deficits. It is incurred especially to maintain government services during a recession when tax revenues decrease and government expenditure increases. Government debt is also created to cover costs from major shocks like a war, a public health emergency, or even a severe economic downturn.

    Reasons for China’s Increasing National Debt

    In previous years, China had successfully managed to keep its national debt lower than the US. This was possible due to the policies that were introduced by the state. The national debt of China had usually been held by domestic institutional investors, in particular state-owned banks. The investment and lending practices of these banks supported government policies like issuing bonds for infrastructure investments and insurance companies.

    However, in the last few years, the country has seen a consistently increasing national debt that has included government spending on development projects and slowing economic growth. The global financial crisis in the face of the covid-19 pandemic caused the state to inject more credit into government-owned enterprises. At the same time, Chinese authorities eased the way for companies to secure loans to restart the economy. This further increased the burden of debt on the country’s economy.

    China’s Local Government Debt Crisis Explained

    Impact of High National Debt on the Chinese Economy

    China’s financial system is not entirely transparent. This is given rise to concerns about the amount of actual debt that is being held by local governments and state-owned enterprises. Other related concerns are also highlighted like the risks associated with high-level borrowing and the overall debt of the country. Having said that, China is hopeful of ambitious economic growth due to its heavy investment in infrastructure projects. The economy has also taken proactive steps towards a consumption-driven growth model, although, it is yet to yield results.

    Despite the shadow that is cast on China due to its growing national debt, analysts remain optimistic about the country’s long-term prospects. They remain positive that although this will slow China’s ascent, it won’t derail the economy entirely.

    Conclusion

    The debt situation of China is set to grow further. There are two notable and significant issues impacting it. One is its demographic challenge with over 60% of the country’s population either retired or nearing retirement age. The second big concern is the country’s shortage of young workers which supports a growing aging population due to its decades-long one-child policy. This situation within the country is likely to continue for the foreseeable future and the country will rely heavily on debt to fulfill its social security pension obligations.

    FAQs

    What is the current debt of China?

    As of the year 2020, the national debt of the People’s Republic of China stood at an approximate amount of USD 7 trillion.

    What is National Debt?

    National debt refers to the outstanding financial obligation of a particular country and what the central government owes to its creditors. The amount of the national debt of a country represents the past annual budget deficits.

  • Augury: Gain Insights Into Production Health With AI Solutions

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Augury.

    Machine health is critical to reducing maintenance costs and unplanned downtime, improving overall equipment effectiveness, and increasing productivity. However, even though every industrial company spends time, resources, and money to maintain their machines, machine health is still a blind spot.

    Unexpected machine failures continue to occur, hampering product processes and efficiency. According to Senseye’s study, large facilities lose an average of 27 hours per month due to equipment failure at the hourly cost of $532,000 for unplanned downtime.

    Many companies are applying technology designed to assess industrial machine health and predict equipment failures to prevent such losses. These facilities are turning to Augury, a New York-based AI-driven production health solutions pioneer. This article complies with everything about Augury, including its startup story, founders, mission, funding, partners, and more.

    Augury – Company Highlights

    Company Name Augury
    Headquarters New York City, New York, United States
    Sector Artificial Intelligence
    Founders Gal Shaul and Saar Yokovitz
    Founded In 2011
    Valuation $1B (2022)
    Website Augury.com

    Augury – About
    Augury – Founders and Team
    Augury – Startup Story
    Augury – Logo and Tagline
    Augury – Mission and Vision
    Augury – Business Model
    Augury – Products and Services
    Augury – Challenges Faced
    Augury – Funding and Investors
    Augury – Mergers and Acquisitions
    Augury – Growth
    Augury – Partners
    Augury – Awards and Achievements
    Augury – Competitors
    Augury – Future Plan

    Augury – About

    Augury is a technology company that offers artificial intelligence software solutions to provide manufacturers and other industry sectors with valuable insights into machines, processes, and operations health.

    Augury serves several renowned customers, including PepsiCo, DuPont, Colgate, Nestle, Roseburg, ICL, Barilla, and Lindt. Moreover, the organization has diagnosed 100k+ machines with 99.9% accurate diagnosis, leading its global customers to achieve 3-10x ROI in a few months.

    Augury – Founders and Team

    Gal Shaul and Saar Yokovitz are the co-founders of Augury.

    Gal Shaul

    Gal Shaul graduated from Technion – Israel Institute of Technology with a B.Sc, Computer Science degree. He has been a Software Engineer at Zoran and Endymed Medical. Gal Co-founded Augury and worked as the company’s CTO till July 2022. Now he is the CPTO in Augury.

    Gal Shaul - Co-founder, Augury
    Gal Shaul – Co-founder, Augury

    Saar Yokovitz

    Saar Yokovitz attended Technion – Israel Institute of Technology to complete B.Sc in Electrical Engineering, Physics. He is the ex-Founder of the Select – Students for Technological Advancement project.

    Saar Yokovitz -Co-founder and CEO, Augury
    Saar Yokovitz -Co-founder and CEO, Augury

    Saar worked as Logic Designer and Analog Architect at Intel from 2006 to 2010. Presently, he is the co-founder and CEO at Augury.

    Augury is acquainted with more than 400 employees.

    Augury – Startup Story

    Augury was founded in 2011 by University friends Gal Shaul and Saar Yokovitz in Israel. ‘How much time and money could be saved by preventing unexpected machines failure?’ Gal and Saar pondered the question after serving in the Israeli army, where machines surrounded them throughout their service. They both thought if it’s possible to detect words, why can’t one detect malfunctions in the machines?

    Therefore, they both decided to listen to machines and founded Augury with the idea of helping companies solve problems with machines, enabling them to create better products. The company launched its first Beta program, ‘Auguscope’ (smartphone-connected machine health product), in 2014 in the US. Later in mid-2017, it introduced ‘Halo.’ It was in 2021 that Augury became a Unicorn.


    How Artificial Intelligence Is Transforming Business
    Artificial Intelligence is a critical factor in the strategy of those who want to expand their business impact in this digital era to make a win.


    Augury – Logo and Tagline

    Augury’s tagline is no longer about “Machine Talk, We Listen.” Instead, the new tagline “Predicting a Better Future,” is a part of the company’s new mission, vision, and branding.

    Augury - Logo and Tagline
    Augury – Logo and Tagline

    Augury – Mission and Vision

    Augury’s mission is to transform how people work and what they create by providing them with insights into production health. It envisions creating a world where the combined work of people and machines leads to a better life.

    Augury – Business Model

    Augury develops hardware and software solutions to troubleshoot machines with sensors. In addition, its machine health AI platform predicts failures and specifies the time and methods to correct those possible failures.

    Wireless sensors connected to machines record readings from equipment’s parts and transfer mechanical data to the cloud. The proprietary cloud-based AI analyzes the same data and delivers prescriptive insights to the organization’s machine maintenance or reliability department.

    Augury’s business model help manufacturing and service companies reduce production downtime, reduce waste and emissions, improve process efficiency, maximize yield, and reduce machine maintenance costs.

    Augury – Products and Services

    Augury offers two primary solutions, i.e., Machine Health and Process Health. The solutions for Machine Health further comprise Critical Equipment, Supporting Equipment, Auguscope, and Guaranteed Diagnostics.

    Augury – Challenges Faced

    Augury found it challenging to continue sales during Covid-19 and, thus, was forced to focus on its business health to ensure survival. It was crucial for the company to get on-site to install its sensors and provide machine health diagnostics to the clients. And without these sensors in place, Augury couldn’t provide solutions and, thus, generate revenue.

    Augury – Funding and Investors

    In 7 funding rounds, Augury has been successful in raising a total of $294 million. Series E Round is the company’s latest funding round. The same was conducted on October 26, 2021, and raised $180 million. Augury has 16 investors, including Munich Re Ventures, Baker Hughes, Qumra Capital, Insight Partners, Eclipse Ventures, and Lerer Hippeau.

    Date Round Number of Investors Money Raised Lead Investor
    October 26, 2021 Series E 8 $180 million Baker Hughes
    October 14, 2020 Series D 6 $55 million Qumra Capital
    December 12, 2019 Series C 1 $8 million Qualcomm Ventures
    January 31, 2019 Series C 5 $25 million Insight Partners
    June 19, 2017 Series B 5 $17 million Eclipse Ventures, Munich Re Ventures
    August 26, 2015 Series A 5 $7 million Eclipse Ventures, Munich Re Ventures
    October 6, 2014 Seed Round 5 $2 million

    Augury – Mergers and Acquisitions

    Augury acquired 2 companies; the recent one was Seebo on May 10, 2022. It acquired Alluvium on January 31, 2019.

    Meet Augury | Predictive Analytics for Manufacturers

    Augury – Growth

    Augury’s team doubled and revenue grew 150% as it made its 100-millionth machine recording. In 2022, the company’s annual revenue was around $74.9 million ($186,668 revenue per employee). It was valued at $1 billion in the same year. Furthermore, with 18,168 visits, Augury’s monthly web visits growth rate is -50.77%.

    Augury – Partners

    Augury has a wide network of partners and alliances. Some of its Industrial OEM, Technology, Strategy, and Systems Integration, Service and Facility Management, Global Delivery, and Ecosystem Extension partners are:

    Augury – Awards and Achievements

    Augury is recognized by Forbes, World Economic Forum, Gartner, BuiltIn, The Atlast Award, and more. It’s honored with multiple awards and achievements:

    • ‘Best Practices Product Leadership Award’ by Frost & Sullivan in 2021.
    • Saar Yoskovitz was announced as the finalist of The 2022 Entrepreneur of the Year Award.

    Augury – Competitors

    Here listed are some main competitors of Augury:

    • Datadog
    • Limble CMMS
    • Particle
    • eMaint CMMS
    • Fracttal One
    • Fiix
    • Portainer

    Augury – Future Plan

    Augury developed ‘Powerdays,’ a new strategy to empower its team for the years ahead. The company plans to work on a particular theme, i.e., ‘Imagine a Better Future’ for 2023.

    FAQs

    What does Augury do?

    Augury is a technology company that offers artificial intelligence software solutions to provide manufacturers and other industry sectors with valuable insights into machines, processes, and operations health.

    Who are the founders of Augury?

    Gal Shaul and Saar Yokovitz co-founded Augury in 2011.

    Who are the main competitors of Augury?

    Here listed are some main competitors of Augury:

    • Datadog
    • Limble CMMS
    • Particle
    • eMaint CMMS
    • Fracttal One
    • Fiix
    • Portainer
  • Ethical Considerations of AI: Addressing Key Concerns

    This article has been contributed by Arun Meena, Founder and CEO, RHA Technologies.

    Artificial Intelligence (AI) has emerged as a transformative technology with the potential to revolutionize various sectors of society, ranging from healthcare and education to business and transportation. However, like any new and powerful technology, AI brings with it a set of ethical considerations that demand careful attention and proactive action. In this article, we will explore the ethical dimensions of AI, focusing on key areas such as bias, malicious use, transparency, accountability, fairness, privacy, security, and specific concerns like AI in warfare, surveillance, discrimination, and job displacement.

    Bias: The Ethical Challenge of Unfair Outcomes
    Malicious Use: The Dark Side of AI
    Transparency: Illuminating the Black Box
    Accountability: Determining Responsibility in an Autonomous Era
    Fairness: Challenging Discrimination in AI Systems
    Privacy: Safeguarding Personal Data in the AI Era
    Security: Guarding Against Cyber Threats

    AI in Warfare: The Ethical Dilemma of Autonomous Weapons
    AI in Surveillance: Balancing Security and Privacy
    AI and Discrimination: Preventing Unjust Outcomes
    AI and Job Displacement: Navigating Economic Disruption

    Bias: The Ethical Challenge of Unfair Outcomes

    One of the most significant ethical considerations surrounding AI is the issue of bias. AI systems are trained on vast amounts of data, and if that data is biased, the AI system will inevitably perpetuate and amplify those biases. This can lead to unfair and discriminatory outcomes in critical areas such as employment, lending, and criminal justice. AI systems might inadvertently make decisions that systematically favor certain groups while disadvantaging others.

    For example, an AI system trained on a biased dataset of resumes that favors men may recommend men for jobs more frequently, thereby contributing to the underrepresentation of women in the workforce. These biased outcomes raise concerns about social inequality and reinforce existing disparities.

    Malicious Use: The Dark Side of AI

    Another ethical concern is the potential misuse of AI for malicious purposes. Deepfakes, which are manipulated videos or audio recordings created using AI, pose a significant threat. Deepfakes could spread misinformation, damage reputations, incite violence, and undermine the integrity of information.

    Imagine a deep fake video of a politician making false statements that they never actually said. Such malicious manipulation could have severe consequences, including the erosion of public trust and the manipulation of electoral processes. Addressing this challenge requires robust safeguards and countermeasures to prevent the misuse of AI technologies.

    Transparency: Illuminating the Black Box

    Transparency is a cornerstone of ethical AI systems. When AI algorithms make decisions that significantly impact people’s lives, such as determining loan approvals or hiring recommendations, the decision-making process must be transparent and comprehensible to those affected.

    To achieve transparency, several measures can be taken. Making the training data used by AI systems publicly available enables external scrutiny, allowing biases to be identified and addressed. Additionally, providing explanations for AI decisions, by revealing the factors and reasoning behind them, can help build trust and ensure fairness. Striving for transparency is not without challenges, but it is a crucial step toward promoting ethical AI deployment.

    Accountability: Determining Responsibility in an Autonomous Era

    As AI systems become more sophisticated and autonomous, the question of accountability arises. When AI systems make mistakes or cause harm, it can be challenging to assign responsibility, particularly when the decision-making process is opaque or when AI operates without direct human control.

    Establishing clear lines of responsibility and holding those responsible accountable for the outcomes of AI systems is paramount. This accountability framework should involve developers, organizations deploying AI systems, and relevant regulatory bodies. Accountability ensures that AI technologies are developed and utilized with due diligence and that any negative impacts are acknowledged and addressed promptly.

    Fairness: Challenging Discrimination in AI Systems

    AI systems must be designed to ensure fairness and prevent discrimination. They should not favor or discriminate against individuals based on their race, gender, religion, or other personal characteristics. Unfair biases embedded in AI systems can perpetuate social injustices and exacerbate existing inequalities.

    To promote fairness, developers, and organizations must implement rigorous measures to identify and mitigate biases in AI algorithms and datasets. This involves diverse representation in the data used for training, regular audits of AI systems for potential biases, and ongoing evaluation to ensure equitable outcomes for all individuals.

    Privacy: Safeguarding Personal Data in the AI Era

    As AI systems rely heavily on data, protecting individuals’ privacy is crucial. AI systems should only collect and use data, that is, necessary for their intended purpose, and they must obtain explicit consent before sharing data with third parties. The unauthorized use or sharing of personal data can infringe upon individuals’ privacy rights and erode public trust in AI technologies.

    Protecting privacy requires robust data protection mechanisms, stringent access controls, and adherence to privacy regulations and standards. Organizations should prioritize data minimization, anonymization, and secure data storage practices to maintain the confidentiality and integrity of personal information.

    Security: Guarding Against Cyber Threats

    AI systems, particularly when deployed in critical infrastructure such as power grids or transportation networks, must be resilient against cyber threats. Breaches in AI systems can have catastrophic consequences for society, ranging from disrupting essential services to compromising public safety.

    To enhance security, AI developers and organizations must employ robust cybersecurity measures. This includes implementing strong encryption, multifactor authentication, intrusion detection systems, and regular security updates. By prioritizing security measures, the risks associated with cyberattacks can be minimized, ensuring the responsible and safe use of AI technologies.

    AI in Warfare: The Ethical Dilemma of Autonomous Weapons

    The use of AI in warfare presents a unique set of ethical challenges. The development of autonomous weapons systems capable of making lethal decisions without human intervention raises concerns about the loss of human life and the potential for unintended consequences. The debate surrounding the ethical implications of these weapons necessitates global dialogue and the establishment of international regulations to prevent the misuse of AI in warfare and ensure human control and accountability.

    AI in Surveillance: Balancing Security and Privacy

    AI’s role in surveillance technology poses ethical concerns regarding privacy and potential government overreach. AI-powered surveillance systems can track people’s movements and activities on an unprecedented scale, raising questions about the boundaries between public safety and personal privacy. Striking a balance between effective security measures and respecting individuals’ rights to privacy is crucial. Clear legal frameworks and oversight mechanisms should be in place to prevent abuses and ensure that surveillance systems are used responsibly and within the boundaries of democratic principles.

    AI and Discrimination: Preventing Unjust Outcomes

    AI systems have the potential to perpetuate or even amplify discriminatory practices if not carefully designed and monitored. From biased hiring practices to algorithmic discrimination in criminal justice systems, the ethical challenges of preventing unjust outcomes are paramount. Establishing clear guidelines and regulations that promote fairness, diversity, and inclusivity can help mitigate these challenges. Organizations should prioritize unbiased data collection, algorithmic transparency, and ongoing auditing to identify and rectify any discriminatory effects of AI systems.

    AI and Job Displacement: Navigating Economic Disruption

    The rapid advancement of AI technologies raises concerns about job displacement and its societal impact. As automation increasingly replaces human labor, the ethical challenge lies in addressing the potential economic disruption and ensuring a just transition for affected workers. This may involve the revaluation of labor policies, the provision of retraining programs, and the creation of new employment opportunities that leverage human skills complementary to AI systems. Society must strive to strike a balance that maximizes the benefits of AI while minimizing adverse effects on employment and economic stability.

    Conclusion: Shaping an Ethical Future for AI

    Artificial Intelligence holds immense potential for positive societal impact, but its ethical dimensions must be addressed proactively. To navigate the ethical implications of AI, stakeholders from academia, industry, government, and civil society must engage in ongoing dialogue and collaboration. By promoting education and awareness about AI ethics, fostering transparency and accountability, and implementing guidelines and regulations, we can ensure that AI is harnessed responsibly and ethically for the greater benefit of humanity. Together, we can shape an AI-driven future that aligns with our values, respects individual rights and contributes to a more equitable and sustainable society.


    How Does Generative AI Search Work?
    Generative AI search would certainly revolutionize web search, but what matters most is accurate and unbiased AI, as the results can only be as good as the training data set.


  • Revealing Recession: Exploring Types and Effects of Economic Downturns

    Germany, the largest economy in Europe and the fourth largest in the world has officially entered recession, screamed the news headlines not long ago. The threat of recession has been looming large ever since the world emerged from the global covid-19 pandemic. The continuing Russia-Ukraine war has only added to global economic woes.

    The IMF (International Monetary Fund) had predicted that recession will strike only in Germany and Britain in Europe in 2023. This prediction held true as Germany saw a decline of 0.5% in its GDP in the fourth quarter of 2022 and again a decline of 0.3% in the first quarter of 2023 as it succumbed to the pressure of high inflation.

    The economic stability of a country is heavily dependent on the goods and services it can produce, armed conflicts, health crisis, market trends, and consumer confidence. These are also the many reasons that can lead to a recession. Here is an in-depth look to understand the concept of recession and how and why economies succumb to it.

    What is Recession
    Causes for a Recession
    Characteristics of a Recession
    Types of Recession

    What is Recession

    Economics defines a recession as a business cycle contraction that occurs when there is a general decline in economic activity. In the world of business, however, recession is defined as a period of contraction in two consecutive quarters. The main reasons behind a recession could be a financial crisis, an external trade shock, an adverse supply shock, an economic bubble burst, or even a large-scale natural disaster. Recession and its effects are most commonly seen in the GDP (Gross Domestic Product) of a country, income, employment, industrial production, and wholesale and retail business. When any economy is threatened by a recession, its government usually responds by adopting expansionary macroeconomic policies that include increasing the money supply and decreasing interest rates or increasing government spending and decreasing taxation.

    Causes for a Recession

    The exact causes of a recession are not always possible to understand. However, a deeper insight into what are the causes that can trigger a recession can help understand the recession better.

    • Causes that shock an economy, be it a country or the entire globe, like a war or a health-hazardous pandemic can cause sudden and unexpected disturbances in the supply or demand of certain products and services
    • Major, and, often unexpected, stock market crashes can cause an economy to suddenly collapse as big money is suddenly lost. This can push an economy into a recession, very similar to the Great Depression
    • Changing fiscal policies of any government, like raising or lowering of taxes to influence an economy can also trigger a recession. This also includes the monetary policy of any government
    • When any industry grows at a rapid pace, it creates a bubble, which, when crashes leaves devastation which can trigger a recession. The prime example of this housing loan bubble that triggered the 2007-2008 recession
    • Investors making risky investments during an economic boom and then cutting back on spending in anticipation of a downturn are also psychological factors that can have very real consequences and trigger a recession
    What causes an economic recession? – Richard Coffin

    Characteristics of a Recession

    Earlier, an economic recession was determined solely based on the GDP of the economy it affected. However, over time the determining factors that characterize a recession have broadened to include various other factors. Some important characteristics of a recession are –

    • A decline in the real GDP of an economy for two consecutive quarters
    • A drop in high-value retail sales and a decline in even essential purchases
    • Rising unemployment with businesses laying off employees to cut costs
    • Supply and demand equilibrium witnesses a disruption
    • Businesses reduce production due to decreased demand
    • Increasing inflation affects the purchasing power of consumers

    Top 26 Recession-Proof Businesses and Jobs That Can Thrive in Any Recession
    You cannot guarantee a business to thrive during a recession but here are a few businesses and jobs that can withstand any recession.


    Types of Recession

    Even with a general definition and understanding of recession, it takes different shapes and forms. Based on the factors causing a recession and their recovery path, recession can be broadly classified into a few basic categories.

    Inflationary Recession

    Commonly known as a ‘boom and bust’ recession, it basically means that the economy expands at a much faster rate than planned. Such an economy faces a recession due to inflation. The government supervisory body, in an effort to contain the over-expansion, implements measures like increasing taxes, decreasing government expenditure, or even increasing interest rates. This leads to a general limiting of expenditure as consumer focus shifts to conservation and debt clearance leading to a ‘bust’ or a recession.

    Balance Sheet Recession

    Just as the name suggests, this occurs when an economy is overextended due to debt. As debt increases, spending patterns shift and reduce in an effort to clean up the balance sheets. This leads to a stagnant economy leading to a recession.

    Depression

    This is a recession in its severest form when a country’s GDP decline is in excess of 10%. The greatest example of this is the Great Depression of the 1930s.

    Supply Side-shock Recession

    This kind of recession occurs when the domestic or international supply chains are disturbed due to global events like wars, natural disasters, or even a public health crisis. If the supply chains are restored and the supply is replenished, these types of recessions do not continue for a long time. However, such recessions can last for a few years if the supply is not replenished and restored. It can also bring about a change in the way the product is utilized.

    Conclusion

    There is no guaranteed way to predict a recession. However, keeping in mind the various causes and how they apply to any current economic scenario of any country, can help in understanding the chances of an impending recession. There are many ways and means by which an individual can prepare for a recession like building savings, becoming debt free, keeping to a budget, and also keeping the personal resume current. It can also help to learn a new skill that can be a huge help in case unemployment strikes.

    Recessions are an economic reality. The severity of it depends on multiple factors. However, history teaches that most recessions last for a span of approximately one year. It helps to know how recessions can trigger and what they can impact. The more one knows the better one can prepare.

    FAQs

    What is recession?

    Economics defines a recession as a business cycle contraction that occurs when there is a general decline in economic activity. In the world of business, however, recession is defined as a period of contraction in two consecutive quarters.

    What are various types of recession?

    Recession can be broadly classified into a few basic categories-

    • Inflationary Recession
    • Balance Sheet Recession
    • Depression
    • Supply Side-shock Recession

    What could be the main reasons behind recession?

    The main reasons behind a recession could be a financial crisis, an external trade shock, an adverse supply shock, an economic bubble burst, or even a large-scale natural disaster.