Skip to main content

Tips from Top – Disruptive Technologies for ‘Digital Desh’. Dr Dinesh Chandrasekar, Director, Global Solutions and Innovations, Hitachi Consulting


The Department of Industrial and Management Engineering, IIT Kanpur played host to Dr Dinesh Chandrasekar (Hitachi Consulting) for a lively and informative seminar session on Disruptive Technologies for ‘Digital Desh’.

“The Best way to predict the future is to invent it” With this quote from Alan Kay, Dr Chandrasekar proceeded to talk about the disruption that was being brought upon by the software designed businesses, and the wealth of opportunities it has churned up for young management graduates and technocrats to showcase their talents. Expounding upon the generational shift and exponential increase in innovation that has happened over the past couple of decades, he gave two revealing examples which highlighted how the rise of technology has accelerated growth. The contrast between the Moon missions by NASA, which involved immense human effort and economic capital expenditure over a period of 8 years versus the Team Indus - a small team of technocrats from India in the present who built a Moon Lander in a 3 years with a fraction of the resources, showcased how advancements in technology have hastened implementation of newer, innovative ideas into reality, in timeframes and costs unthinkable in previous eras. Furthermore, talking about the immense decrease in adoption times of newer technologies among people, Dinesh gave the example of the time it took for various modes of communication and mass media to reach 100 million user base. The numbers were revealing - while it took radio 38 years to achieve that target, a completely new mobile telephony entrant (JIO) achieved the same figure in 170 days.

With the rise of disruptive players like ‘Jio’ in the Indian digital communication sector, the speaker then talked about how Digital India was becoming a reality, with immense growth being shown across all segments of the sector. He described how this growth presented prodigious opportunities for innovation, particularly mutant innovation, as seen in markets such as China, where local, innovative players adopted international ideas and created fresh new segments for themselves in a booming market. Moving onto the consequences of such innovation on legacy companies, he talked about how it presents a grim scenario for companies which are not willing to adapt and inculcate innovation in their production and management strategies. Quoting an article by Washington University, he explained how 40% of the current Fortune 500 firms will cease to exist because of digital disruption.

Moving on from the consequences of disruption, Dinesh also talked about how modern technologies such as IOT could help businesses survive and thrive. Stressing particularly about the importance of IOT in modern industry, he gave examples from a variety of projects of Hitachi Consulting to showcase how IOT technologies could be implemented in a wide range of sectors, from retail to public safety to health services to the automotive sector. Further detailing IOT solutions, he gave several examples from his own experience in the fields of predictive maintenance and smart city projects, endeavours in which IOT technologies provided solutions which weren't possible with legacy, unconnected technologies.

The audience was then treated to an interactive Q&A session, in which the speaker answered queries on a wide range of issues. From voicing opinions on future of automation and its consequences on human careers, to providing insights into how such developments would reassert the importance of human critical thinking and creative skills, Dinesh also highlighted the need for constant learning to stay ahead of the curve, saying “ Don't be a know it all, be a learn it all.” The session proved to be highly insightful and was deeply appreciated by the audience.


Comments

Popular posts from this blog

Reflexions'19 - A Reflection on "Tackling challenges of the VUCA World" !!

The Department of Industrial Management and Engineering, IIT Kanpur presented the flagship event of Prabandhan – Reflexions on Sept 28th, 2019. The 3rd edition of the event on ‘Tackling challenges of the VUCA world' was concluded with a promising and on a cheerful note. With thunderous applause and riveting questions, the event opened to bridge the corporate world with the real world. Reflexions 3.0 saw the participation of 6 eminent industry leaders and management gurus to share their experiences from their respective trades. They were Karan Marwah, Partner – CFO, Advisory Services, KPMG, Harshavardhan Chauhan, Head-Marketing & digital transformation, DLF Shopping Mall, Neelesh Talathi, CFO, Pepperfry, Hari T N, CHRO, Big Basket, Raj Gupta, General Manager, HR, TCS and our very own Professor, Devlina Chatterjee, Managerial Economics, Applied Econometrics. The talk focused on "How well, can the industries predict the results of their actions in a world of Volatility, Unc

An Introduction to the batch of 2019-21

“ It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change. "                                   A new zeal, vigour, and an unquenchable thirst for proving oneself is what describes MBA batch of 2019-21. 52 of us set foot on the pavement of a new journey and needless to say it has been unprecedented. Be it the early morning presentations, the stark midnight deadlines, or the never-ending case studies covering the gamut of concepts and context, each one of these activities can vouch for it. It has hardly been a month, yet the batch has acclimatized well with the life of one the most coveted institutes in the country, IIT Kanpur. For most of us, this is the desired path, and for the rest, it is an opportunity to relive their school days. Since we are in a place that has no norm and instead offers endless diversity, there will always be something that entertains and challenges us. It is time we took this op

Mr. Praveen Tripathi, CEO of Magic 9 (Media and Analytic)

Mr Praveen Tripathi began the seminar by giving a brief introduction about the classification of households in India. Sir mentioned about the New Consumer Classification System (NCCS) in which there are 12 grades of classification varying from A1, A2, A3, B1, B2, C1, C2, D1, D2, D3, E1, E2, and E3. He contrasted it with the old classification system in which there were 8 grades only. The basic theme behind all this classification is the life score which is assigned to all the households. Life score is calculated based on the education of chief owner and consumer durable. And the discrimination is measured by the Larenz Curve and Gini coefficient. The major drawback of this system as mentioned by sir was that the consumer durable penetration changes faster than education or occupation level. “Inside every transaction there is a knowledge, you need to decode it.” With this quote sir gave a brief about television audience metrics in India which started with Doordarshan Audien