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Krafton Inc, The Company Behind The Famous PUBG Game.

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Founded in 2007 as Bluehole, Krafton Inc. creates, produces, and markets home video games domestically and abroad. It provides games for consoles, smartphones, and PCs. It’s one of the most popular games is PUBG. Other popular games developed and published by Krafton are Mistover, Thunder Tier One, The Callisto Protocol, and New State Mobile.

About The Company

Krafton Inc. is a South Korean company that is in the business of developing and distributing video games. The company is renowned for creating TERA, PUBG: Battlegrounds, and NEW STATE Mobile, the latter two under its subsidiary PUBG Studios. The company was formerly known as Bluehole. In 2018, Bluehole underwent a reorganization to become a Krafton subsidiary. It is headquartered in Seongnam, South Korea.

History

Following PlayerUnknown’s Battlegrounds’ popularity, which resulted in funding from Tencent Holdings as well as studio expansion and acquisition, Bluehole decided to create Krafton in 2018 as a holding company for its video games operations. In April 2021, Krafton decided to launch its IPO. The company intended to raise US$5 billion at a valuation of US$27.2billion.The IPO launch took place on August 10, 2021, and although Krafton’s valuation declined from the initial list price at the end of a trade by 8.8%, it was still valued at US$19.32 billion.

Due to new limitations put in place by the Chinese government, shares of various Chinese and foreign videogame firms, including Tencent, the leading video game developer in China and a facilitator for foreign firms to release games in their country, decreased. Video games, mainly shooting video games, are perceived as “electronic drug” and a “spiritual opium” by the Chinese government because they are believed to encourage violence. Due to its high population density, China is a critically valuable market for video games, so video game firms like Krafton suffered greatly.

krafton
Image source: futurecdn.net

Subsidiaries

Since its inception, Bluehole has bought a number of development studios. On November 5, 2018, Krafton Game Union became the new parent company for all its subsidiaries. The popular subsidiaries of Krafton are Bluehole Studio, Striking Distance Studios, Dreamotion Inc, RisingWings, PUBG Studios, Thingsflow, 5minlab Corporation, and Unknown Worlds Entertainment. PlayerUnknown’s Battlegrounds (PUBG), one of the first battle royale games, was created by PUBG Studios (formerly PUBG Corporation), an internal studio of Bluehole. PUBG game set a new record in 2017 by selling $100 million before release copies in just 79 days. Due to concerns about data privacy, the Indian government banned PUBG Mobile in September 2020, along with several other apps made by Chinese companies, including Tencent Games. In order to relaunch the game in India, Krafton regained ownership of the game’s Intellectual Property (IP) from Tencent. In 2021, Battlegrounds Mobile India, a visually upgraded version of PUBG Mobile, was released for both Android and iOS. This time, Krafton, Inc. published the game.

Founder – Chang Byung-gyu

In 2007, Chang Byung-Gyu founded Krafton, initially known as Bluehole. Chang Byung-gyu started Bluehole Studio in Seoul in 2007. Along with seven other co-founders, Chang founded Neowiz in 1997. He later founded the search engine company, First Snow, in 2005 and sold that business in 2006. Tencent made a $500 million investment in Bluehole in 2018 for a 10% ownership, elevating the company to unicorn status. As per Forbes, Chang is one of South Korea’s seven gaming billionaires, with a net worth of over $2.9 billion.

CEO – Kim Chang-han

In 2020, Kim Chang-han was named the CEO of Krafton. Before that, he was the CEO of PUBG Corporation( now PUBG Studios). He started his career in the gaming industry in 2000, engaging in production, development, and engineering for a couple of studios before joining PUBG Corporation. He has attended the Korea Advanced Institute of Science and Technology, where he received a Ph.D. in computer science.

Doosan Corporation

Doosan Corporation – A South Korean Company Pioneering In Multiple Sectors Since 1896.

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Doosan, founded in South Korea in 1896 is more than just a corporate brand name. The company was founded to serve humanity and provide them with the basic amenities of life. The brand name Doosan is attached to multiple sectors of diversified business from construction to food and beverages. Park Seung-jik is the founder of Doosan Corporation and the company’s headquarters is currently based in Seoul, South Korea. Doosan has multiple subsidiaries which include Doosan Engineering and Construction, Doosan Infracore, Doosan Robotics, and many more. Once the company started as a retail store in South Korea is now leading in innovation and technology in various aspects of the digital era.

About Doosan Corporation

Doosan Corporation is famous around the world mostly for its diverse range of business and its core values to serve humanity. The applications of the technology of Doosan are widespread from providing electricity in India to clean water in the Middle East. In the North American market, Doosan is a leading provider of construction machines and the demand for its energy storage system and fuel cells is also growing exponentially. The technologies of Doosan, knowingly or unknowingly play an important part in our day-to-day life. Apart from providing clean water and light to make the life of every person better on this planet, Doosan is also preparing for the future and thus participating in making robots, energy storage systems, etc.

Doosan Corporation
Image source: www.doosan.com

The Founding Story of Doosan

Back in 1869, Park Seung-jik opened the first modern store in South Korea. The store was opened to make the daily life of the South Korean civilians easier. The store gained a good reputation very rapidly and became an instant trendsetter. Doosan’s story originally starts from this modern store that today has become a business with multiple subsidiaries trying to make our lives better. When this store was opened in 1869 its original name was Park Seung-jik Store Limited and it was rebranded as Doosan Store in 1925.

Various Business Sectors

After the store started gaining popularity, Doosan expanded its business not only into the overseas market but also in terms of the product range. In 1953, the company started producing and exporting OB beer under its new subsidiary Oriental Brewery. After a few years, the company entered into the construction business and it established Dongsan Construction and Engineering (now known as Doosan Construction and Engineering). In 1960, Doosan acquired Hapdong New Agency which today is known as Yonhap News. In 1966, Doosan introduced a food product line called Hanyang Food, and the next year it established a subsidiary for machinery called Doosan Mecatec.

In the upcoming years, the company founded a handful of new businesses which include Hankook Bottle and Glass, Doosan CCK Can Manufacturing, OB Seagram, OB Bears (currently known as Doosan Bears), etc. Doosan became Doosan Corporation in September 1998 when it relaunched after incorporating nine affiliates. In 2008, the company acquired Chung-Ang University which is one of the leading research universities in South Korea. The same year, Doosan sold its liquor business and now operated four main sectors, namely, fashion, global, information and communication, and electro-materials.

In 2009, Doosan became an operating holding company and in the next year, it opened a new business for fuel cells. Energy management is a smart business especially when our non-renewable resources have reached a critical stage. So, Doosan has also started developing energy management systems and it built Korea’s largest fuel cell factory. The IT services provided by Doosan are also new as compared to most of its other businesses. Apart from major IT services it also provides consulting and operation.

Jeongwon Park – CEO of Doosan Corporation

Jeongwon Park has been the CEO of Doosan Corp since 2016. His career started with Doosan Corporation in 1985 and eventually started leading the Oriental Brewery. In 1999, he became the Vice President and CEO of Doosan Corporation followed by Vice Chairman of Doosan E&C. He is attached to the company for more than 35 years making it stronger and sustainable with every passing day. Jeongwon graduated from Korea University followed by Boston University.

ifs ab

IFS AB – A Sweden-based Enterprise Software Company Also Aiming To Improve Lives Of Underprivileged Population.

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IFS AB also known as Industrial and Financial Systems was born in 1983 in Sweden. The company specializes in developing and delivering enterprise software. IFS AB focuses on project-centric industries where it uses a single code base and develops ERP. Some of the sectors where IFS AB delivers such products are aerospace, manufacturing, automotive, oil, and gas, etc. With 4,000 employees, the company offers its products and solutions on a global scale to more than 10,000 customers. IFS AB is one of the most recommended suppliers in its sector and is currently led by Darren Roos (CEO of IFS AB).

About IFS AB

Since its foundation, IFS AB has made a big impact both in terms of business and uplifting the lives of socio-economically backward people. In terms of its innovative products and solutions, the company became the winner of the European Digital Technology Award among 150,000 companies. It has also won the 2019 European Business Award. Last year, Darren Roos won the Best CEO of the Year award for leading the company to such great heights. IFS AB believes in serving people who are in need of better living conditions and proper education. So, the company founded the IFS Foundation that is currently focusing on helping poor people of rural Sri Lanka.

IFS AB
Image source: www.ifs.com

History of the Company

After founding the company in 1983, the company launched its first product in 1985. The name of the software product was IFS Maintenance which after five years was included in an entire product suite called IFS Applications. Being a European company, the company gradually expanded into the Scandinavian region. It opened offices in Norway, Denmark, and Finland. After the New Year, it also opened an office in Poland. In the early 1990s, IFS AB expanded to Asia and North America. In 1996, IFS got listed on the Swedish Stock Exchange. Eventually, the company opened up an R&D center in Colombo.

In less than ten years of its releasing the first graphical user interface, it gathered 500,000 active users. In 2008, the company again launched a new GUI and started acquiring companies from various fields. IFS AB was acquired by a private equity firm in 2015. To date, the main product of IFS is IFS Applications which is an integrated suite of enterprise applications for businesses. It includes software for asset and service management, project management, manufacturing, and supply chain.

Business Growth and Acquisitions

In 2015, IFS recorded more than 1 million users of its GUI. The company has expanded to many international grounds and its operational focus has been divided into four groups. The first two groups focus on European markets, and the other two groups are in charge of management in the America and Asia Pacific region. The company has made a series of acquisitions in various countries from the US to the UK in the past 1.5 decades. In 2009, the company acquired MultiPlus Solutions followed by 360 Scheduling, a UK-based scheduling engine in 2010. In 2017, it acquired three companies namely Field Service Management Limited, WorkWave LLC, and systems Limited. This year, to date, IFS acquired two US-based businesses which are Axios Systems and Customerville.

IFS as a Philanthropist

For years, IFS has focussed on education and the importance of STEM subjects and thus partnered with many schools for financial support and scholarship. The company is heavily inclined towards providing education to those who don’t have financial support and create a bright future for the younger generation. The company also currently focuses on serving the backward local communities of Sri Lanka for the past 20 years. The IFS Foundation is addressing healthcare, sanitation, education, etc in these areas.

Darren Roos – CEO of IFS AB

Hailing from South Africa, Darren Roos is a famous business executive who has worked in multiple companies before joining IFS. He served as the Executive Board Member of Software AG and also as the President of SARP ERP Cloud. He completed his education at the University of South Africa. He was directly appointed as the CEO of IFS in 2018 when he first joined the company.

Fingerprint

Development of Fingerprint Technology

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Fingerprint is a technology that can detect human fingerprints, the development of this technology is very rapid, starting from a device that is specialized or that can only detect fingerprints, the more time goes by this technology is now available on various devices such as laptops, smartphones, and washing machine. This technology functions as an effective and efficient safety device.

This technology also has advantages such as; easy to use, can detect fingerprints quickly, and provide the latest security, and this technology is very useful in the future, and can be used by everyone.

A fingerprint sensor is one of the features found on smartphones. In fact, this feature is almost mandatory on the latest smartphones. Fingerprint sensors become a security feature on a smartphone as an access code to activate the cellphone. Even though the access codes for activating your cell phone are various (such as pins or patterns), the fingerprint sensor feature is still considered the latest technology.

Also Read: Harald Hass- German Professor who coined the new Li-Fi technology

But actually this fingerprint sensor does not use the same technology. Because since it was first introduced, the fingerprint sensor has developed quite rapidly. Here are some fingerprint sensor technology on smartphones that have been used.

Sensor technology on mobile phones actually follows the development of existing technologies on the market. So if there is the latest technology available, then the technology will be embedded in the cell phone.

1.  Optical Scanners

This optical fingerprint scanner is the initial technology used to read fingerprints. As the name implies, this technology uses images or images from the fingerprints taken and processes them using a special algorithm. This algorithm is used to analyze unique parts of fingerprints such as wrinkles at the fingertips or other special markings as well as analyzing the dark and bright parts of fingerprint images.

Also Read: Ray Kurzweil: The Tech Visionary who Invented the Optical Character Recognition (OCR) Technology

The way it works is similar to an absent machine that uses fingerprints. When you place your finger on the sensor surface, there will be light reading which parts are dark and bright. After that the data will be stored in memory. On an OLED type screen, this type of sensor is usually placed on the screen because the OLED is able to determine which pixel portion of the screen is lit. Unlike the IPS screen that is entirely lit and can interfere with the scanning process.

However, because the optical fingerprint scanner is only able to take 2D images and cannot determine the curve of the fingerprint, as a result this sensor is easily deceived by using fake fingerprint images.

2. Capacitive Scanners

Advanced technology is a capacitive scanner. Capacitive sensors use a small array of capacitors on the sensor to capture fingerprint data. This sensor works based on changes in electrical energy charge that can be stored by the sensor due to changes in plate distance, change in cross-sectional area, and changes in the dielectric volume of the capacitive sensor. The concept of capacitors used in capacitive sensors is the process of storing and releasing electrical energy in the form of electrical charges on a capacitor that is affected by surface area, distance, and dielectric material.

After fingerprint details are saved, digital data from these fingerprints will be analyzed to find unique patterns that will be saved and will be recalled when needed. This capacitive sensor cannot be fooled with photos. However, if the finger is used in wet conditions, the sensor will have difficulty detecting the required current.

3. 3D Ultrasonic Scanners

The latest technology is a 3D ultrasonic scanner. Called 3D because of the resulting imaging as well as 3-dimensional display. Even the ‘in-screen fingerprint reader’ used by ultrasonic scanners is a new trend in mobile design because it does not take up space on the body and according to the concept of the screen and bezel that is minimal.

Also Read: George Samuel Hurst- One Of The First Scientists To Come Up With Touchscreen Technology

3D fingerprint sensor technology developed by Qualcomm uses sound waves to read fingerprints. With a sensor buried in (one of several layers) of the cellphone screen, your finger still touches the surface of the screen (not the sensor), but the skin sends an electrical signal which then activates the sensor. Then the sensor sends sound waves to the skin, reads in detail the surface of the skin (including indentations and fingerprint bends), and stores that information to the processor. Not only that, the sound waves (sound waves) that are sent are also able to detect blood flow. So, it will refuse to scan for injured fingers or fingers that do not have blood flow. Qualcomm even claims that the ultrasonic fingerprint sensor can read the surface of the finger to a depth of 4mm.

The sophistication of fingerprint detection technology can be assumed as one of the “life hacks” which has indeed made some companies able to develop their employees’ mentality to be disciplined when it comes to respecting time. With this attendance machine, the level of cheating that is often done by employees can be minimized. Employees will not be able to play truant easily because the detection system can only be done by yourself.

How to read fingerprint detection

Thanks to its sophistication, fingerprint detection has now been used in several offices to be able to monitor employee attendance making it easier for the HR division to make reports. Fingerprint reading techniques also vary, including:

• Optical: Optical is a fingerprint reading technique where the print pattern is recorded using light. The recording device on the attendance machine is a digital camera while a place to place a finger is called a scan area. Under the scan area is a light emitter that can illuminate the entire surface of a finger. The result of the reflection of light on the finger is stored in memory in the form of a fingerprint that is received by the receiver. There is a weakness in this system, which is the scan results depend on the quality of the fingerprint. If your fingerprint is not visible or injured, then the results of the reading is not good. If you use this technique for attendance, it is likely to be forged with another finger.

• Ultrasonic: As the name suggests, this technique uses sound with a high frequency which can penetrate the layers of the skin. The high-frequency sound is produced by a device called a piezoelectric transducer. After that, the resulting reflection is captured with a similar device. The reflection is used to read fingerprint patterns. Even though your hands are dirty, the device can still detect. The same applies to scanners where even though the surface of the scanner is dirty, it will not hamper the reading process.

• Capacitance: This technique uses Capacitance measurements used to form fingerprint patterns. The scan area has a function as a capacitor plate while the skin of a fingertip as another plate capacitor. There is a weakness in this system, namely the presence of static electricity in the hand. Mounds and valleys in fingerprints make capacitors for each hand different.

• Thermal: This technique uses finger temperature to determine the pattern of prints. The method used is also slightly different from the others. If a scanner normally reads a fingerprint by placing a finger for about 3 seconds on the screen, then thermal uses a finger rub on the scan area. If only the hands are placed, then the temperature will be the same because of balance.

Advantages of Fingerprint Detection

In the traditional absence system, employees who feel lazy to come to work can leave absences to their colleagues without having to be present in the office. Thus, the validity of the attendance data is very doubtful because the personnel is unable to monitor themselves. But fingerprint detection technology has several advantages that are very useful, namely:

• Lower prices compared to other biometric systems

• Employees cannot leave attendance

• Can reduce the costs of fictitious company expenses such as overtime and employee performance.

• Able to increase employee productivity because they can be present on time

• Time attendance data is directly connected to the computer so that it is easier to make reports

Once you know how to read fingerprint detection that is diverse and the advantages of the attendance tool, it is expected for every office to have the same problem-solving gadgets for the development of a company to be better in terms of employee discipline.

juniper networks

Juniper Network’s Founder Says India Is Its Largest Development Site

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India has always excelled when it comes down to the engineering sector. Technical engineers especially those working in the IT sector have mostly emerged from India. The telecommunication industry has developed in the past few decades rapidly. From selling networking products to software, many companies have made a future in this sector. American immigrant, Pradeep Sindhu is the founder of one such company excelling on the grounds of networking. The name of the company is Juniper Networks and Pradeep founded the company in February 1996. A twenty-four years old company founded by an ex-IITian has become a billion-dollar enterprise.

The company is currently based in Sunnyvale, California, United States. Juniper is a world-famous company in the sector of networking hardware. The main products of the company are routers, network management software and providing network security as well.

About the Founder

Pradeep Sindhu is an American businessman who was born in India. Apart from founding Juniper, he has also founded Fungible, a company based on data center technology.

Born into an Indian family, Pradeep pursued his undergraduate degree from India. He acquired his bachelor’s degree in Electrical Engineering from IIT Kanpur. Pradeep fled to Hawaii in 1976 and completed his master’s in the same from the University of Hawaii. Later, he completed his Ph.D. in Computer Science from Carnegie Mellon University.

Pradeep gained a very rich knowledge of telecommunication engineering and computer science before founding his companies. His professional world started growing from Xerox PARC where he worked for eleven years. He worked for designing many integrated circuits and multiprocessors. Pradeep is also well-known for making major contributions to designing high-tech microprocessors of Sun Microsystems.

After his years of studies and working in computer labs he decided to found his own company, Juniper Networks. So, in 1996, along with Dennis Ferguson and Bjorn Liencres, he established the company in California.

Early Story

Pradeep got the idea of founding his company while he was on a vacation in 1995. He wanted to switch the conventional circuit switching to packet switching. Pradeep, after his years of experience, thought that it would be better for transferring data. This is because after one fixed data packet is transmitted through a channel it will then be fully available for another one. Well, he might have got the idea from energy packets in quantum physics.

Success and Growth

Pradeep started the company with a seed funding of $2million. But, within the first year of its operation, the company raised another $12 million. In 1997, the company received $8 million in venture funding. This year the company received an additional $40 million in a funding round which witnessed the presence of companies like Nortel, 3Com, etc. Other investors of Juniper include Qwest and AT&T.

Within four years, the company’s annual revenue summed up to $3.8 million. M40 router was the only product of the company and only one product was sold to more than fifty telecommunication companies. The company also came into a joint partnership with Alcatel and Ericsson to expand itself in foreign markets.

The company gradually expanded in Asian countries like Japan, India, etc. This helped Juniper increase its market share from 6% in 1998 to more than 20% in 2000. Juniper filed its first IPO in April 1999 and by July 1999 its valuation became $7 billion. The growth of the company was jaw-dropping and it became the “latest darling of the Wall Street”.

The company’s sell decreased during the time of dot-com bust but again after 2004, it was back on track. In 2005, the company’s annual revenue surpassed $2 billion.

The Indian Market

Juniper has its development sites in Boston, Silicon Valley, Canada, and India. Among all these centers, Pradeep says the best R&D is carried out in India. India is a very crucial market for Juniper Networks but the most important scope for development as well. According to Pradeep Sindhu, the development site was founded in India to solve the level of complexity that cannot be done in the U.S.

When a company is handling a networking issue, it has different layers of complexity. And, the engineers in India can solve every layer from scratch. Pradeep also said that he loves hiring fresh talents from the Indian schools who are brimming with talent and enthusiasm. In 2018, the total employees of Juniper were 9,000 among which 2,600 belonged to Indian offices.

He is truly proud of the Indian market from both the aspect of market growth and solving critical missions. Pradeep wants to keep investing in the Indian market for the betterment of the company.

Mona Ataya : The Woman Who Revamped a Mother’s World And her Babies

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What is the toughest job on the planet? If you ask me, I would say a mother’s job is the toughest that stands today. Bringing up a human with qualities and personality is certainly difficult. Besides, every mother in the world wants the best for her little devil, be it outfits, education or anything else.

Shopping for kids is enervating these days. Considering the prices and the choices in the market, it is very difficult to pick out the best, for your little one. One has to look for the quality, the pricing and the service that is being provided to them. Well, put these three together, and you’ve got Mumzworld.

Mumzworld is an online site for baby shopping. Yes! A whole internet site that caters only baby needs. And the mastermind behind this, Mona Ataya, shares an inspiring story out with the world.

Mona Ataya
Image Source: arabianbusiness.com

Mona, the CEO and founder of Mumzworld, launched the startup site after taking into account the daily troubles and needs of mothers, that were being ignored by the market. She stepped up and launched the site, which is now the 1st and the largest online shopping site in the Middle East for mothers and their babies.

Mumzworld services in countries like UAE, Saudi Arabia, Qatar, Kuwait, Oman, Jordan, Lebanon, and ships their products all over the world. Mumzworld has got everything related to babies and children. From diapers to clothes, feeding to toys, bathing needs to books and what not! It has also got a wide range of more than 1600 brands with big names such as Lego, Pampers, Fischer Price and Johnson&Johnson. Mumzworld promises the best price guarantee, free speedy delivery, easy returns and flexible payment options.

“A baby is the light of a mother’s eyes, and we at Mumzworld understand that every mum wants the best for her precious angel. In a remarkable breakthrough in online baby shopping, we present before you the most extensive range of baby and kids products that you could find in one place,” says the official site.

Mona started her career at Procter and Gamble (P&G) in the USA. Working there, she was involved in the soap sector. Then, after some time, she moved back to the Middle East and joined Johnson&Johnson. During her work period at Johnson’s, she launched many brands like Greiter Skin Care, ph5.5, Clean and Clear, and also, Johnson’s Suncare. She also relaunched some of the brands like Suncare and Piz Buin in Europe. In 2000, she left Johnson&Johnson and teamed up with her brother Rabea Ataya and co-founded Bayt (bayt.com), which today, is the leading job site in the Middle East and provides services all over the world to help people find the perfect jobs for them.

After becoming a mother to three boys, she turned to a full-time mother job. But this period brought difficulties for her. Soon, she began to discover gaps in the market, which could not satisfy the needs of a mother for her baby. But she wanted to tear down this inconvenience. So, in 2011 she came up with her 2nd startup, Mumzworld. She wanted to revolutionize the way mothers shop for their babies. Mumzworld had every indispensable for the need of a mother, which was also cost-effective. Since then, the site has been growing at a rapid pace. The site won many awards like ‘Small Business of The Year (2013)’, ‘Most Admired Online Retailer (2014)’, and ‘Customer Service Excellence Award’.

Mona, too, won many awards. She was listed in the ‘100 Most Powerful Arab Women’ in 2014 and 2015. She also got mentioned in ‘100 Most Powerful Arabs, next generation’.

“Endeavors have been fantastic. It has allowed us to meet and get support from super-super smart minds” quoted Mona, when enquired about the network of startups and businesses. She tips for new entrepreneurs, that in business world one has to keep on going and fundamentally believe their vision and what they are trying to achieve. ‘Being an entrepreneur is more of a mindset’ she says.

Mona says that her vision was and is to create a necessary online extension to a mother’s world. Mumzworld also keeps on enrolling itself into social initiatives, like giving out free meal vouchers and providing impoverished mothers with baby essentials.

She shares her daily routine as a typical work mom. Starting from taking her kids to school, then working in her office until her kids get free from school, and then ending it by putting all her kids to sleep by herself. She refers that the hardest job is of a full-time mother, and also that this fact cannot be denied. When asked about her inspiration, she said that her challenges were her inspirations alongside her children. Her challenges gave her the ultimate idea for success.

So, the CEO and founder of Mumzworld, Mona Ataya clearly gives us the light that even the hardships and challenges in our day-to-day life can leave life-changing impressions on us which leads our pathway to success. Mona undoubtedly is a role model and a great mentor to be followed.