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.
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