It is mindboggling to see the pace at which technology has advanced in the recent years. As budding future managers, it is essential that we keep pace with it and know the business angle associated with new trends in technology. Keeping in line with the same, SJMSOM IIT Bombay organizes Technology Continuum every year to invite industry experts from different domains to interact with the students on the latest advancements in technology and let them know how it shapes the way business is done in the modern era. SJMSOM, IIT Bombay continuously strives to attain the latest and most industry-relevant business acumen. Technology is a powerful growth driver but it poses equally potential challenges to business. These challenges when not mitigated properly could lead to heavy losses. To fully comprehend the use of this double-edged sword, the theme for the Technology Continuum, 2017 was
“Digital Advancements & Security setbacks: State of play, Lessons learned and future prospects”.
Technology Continuum is a platform at SJMSOM wherein the students get a chance to leverage upon their strong technical background and facilitate the transfer of technical expertise into innovations that impact the competitive marketplace. We believe that at SJMSOM, we are shaping future business managers and so these industry interaction sessions help the students in the same. SJMSOM, IIT Bombay organizes this day-long event for a 360-degree learning platform and sharing of knowledge by the industry experts with the students. The conference was successful and gave the students a different perspective on the way technology affects business and how industry experts deal with the ever-changing scenario and disruptions in technology. SJMSOM, IIT Bombay holds this Technology Continuum as a part of rolling seminar series to bridge the gap between classroom learning and actual industrial experience.
The first speaker for the day was Mr. Guruprasad Kuppu Rao, Director of Technology & Operations at Imaginarium India Pvt. Ltd. Mr. Rao spoke about the importance of 3D printing by stating the recent disruptions that the 3D printing technology has made in various fields. He mentioned its applications in driverless cars, banking, phones, delivery, bookings, etc. and pointed out how the Aerospace industry is one of the greatest beneficiaries of 3D printing. Sir, also gave few examples of extraordinarily beautiful 3D prints in the world.
The second speaker for the day was Mr. Kunal Aman, Country Marketing Manager at SAS. Mr. Kunal informed us about some of the digital trends of 2017. He spoke about data monetization, how data is defining itself as the new digital currency and reshaping the economy. He concluded his presentation with a message – Let the dataset change your mindset.
Post tea break, it was Mr. Sumir Nagar, CEO & Global Delivery Head at Agile Financial Technologies who shared his experiences. Mr. Sumir informed us about analytics and explained the factors it is dependent on such as history, future prospects, guess works, triggers, availability, and methods & techniques. He kept us engaged and concluded the session by answering queries such as how to make investment predictions during disruptions, etc.
Our fourth speaker for the day was Mr. Amit Kumar Gupta, CTO at Transerv(Udio). He talked about various verticals that are present in Udio like QR payment, recharges and bill payments, split bills, send/request money. After this, he discussed the recent security trends like PCI-DSS compliance, implementation of EMV, 3D secure, geolocation tracking, biometric features and real-time analytics that are needed to combat the rise in fraudulent transactions.
Post lunch break, the next speaker was Mr. Anil Mathur, Director of Enterprise Partner & Industry Solution Sales, Mr. Anil informed us about the value system at Microsoft by quoting “At Microsoft, we never take your trust for granted” and elaborated on how Microsoft has collaborated with industry and government to build trust in the cloud ecosystem. He then explained that the trusted cloud principles based on four pillars namely Security, Privacy and Control, Compliance, and Transparency. He explained that security is a responsibility on part of both the customer and the provider.
Our sixth speaker for the day was Mr. Ramakrishna Rama, Director of Software Engineering at Dell. Mr. Ramakrishna informed us about the trends in future like Digital Mesh: 3D printing materials, ambient user experience, device mesh & Smart Machines: information of everything, advanced machine learning, autonomous agents &New IT Reality: Adaptive security architecture, Advanced system architecture, Mesh App & Service. Our last speaker for the day was Mr. Mrinal Chatterjee, Director of Technology, Amazon. Mr.Mrinal spoke about the key digital payment challenges like access to use payment machines, locations to use the machines and how trust is a key component in the system. He then discussed few key statistics related to the payment industry in India. Mr.Mrinal also pointed out that though the usage of cards for payments is high in our country, the payment success rate is only 75% which is vey low in comparison to 99.6% success rate in USA.
Our last speaker for the day was Mr. Mrinal Chatterjee, Director of Technology, Amazon. Mr.Mrinal spoke about the key digital payment challenges like access to use payment machines, locations to use the machines and how trust is a key component in the system. He then discussed few key statistics related to the payment industry in India. Mr.Mrinal also pointed out that though the usage of cards for payments is high in our country, the payment success rate is only 75% which is very low in comparison to 99.6% success rate in USA.
About the Author
Vaishakh Balan Nambiar is a student of the Class of 2018 at Shailesh J. Mehta School of Management, IIT Bombay. Vaishakh holds a B.Tech degree in Electronics & Telecommunication Engineering with a keen interest in writing and poetry. At SJMSOM, he is a member of the Technology Club and an avid volleyball player.