Technology And Analytics Continuum At SJMSOM, IIT Bombay
The Technology and Analytics Continuum aims to provide a forum for the exchange of ideas on the latest developments in the field of technology management, analytics and innovation. The continuum provides exposure to the students to leverage upon their strong technical background and facilitate the transfer of technical expertise into innovations that impact the competitive market place. Eminent speakers from industry and students of management converge for a day-long event. The Continuum saw a series of lectures centered on the theme:
“Data Management and Disruptive Technology: Reshaping the way how business is done”
The main motive of Technology Management Continuum 2016 was to highlight the significant role played by technology management in businesses, especially with the advent of the digital revolution. The different ways in which technology works towards providing better customer value and thus ensuring that businesses stay ahead of the competitors were discussed in the Continuum.
The speakers were:
1) Mr. Abhijat Shukla VP – Analytics, SG Analytics
2) Mr. Satyakam Mohanty, Co-founder and Chief Executive, Ma Foi Analytics
3) Mr. Sandeep Mittal, Managing Director, Cartesian Consulting
4) Mr. Manoj Paul, President and COO, GPX Systems
5) Mr. Shrikant Shitole Managing Director Symantec India
6) Mr. Mohan Raju Account, General Manager, Bharti Airtel Limited,
7) Mr. Rajeev Tiwary, Head – Smart Integrated Infrastructure, Black & Veatch
8) Mr. Sunil Shirguppi, VP – Engineering, Ola Cabs
9) Mr. Ashesh Kumar, Head- BFS Analytics Practice, Tata Consultancy Services,
10) Mr.Satish Iyer, Program Manager, eClerx India,
11) Mr. Kaustubh Deshpande, Data Strategy and Execution Leader, Equifax
12) Mr. Hari Koduvely, Principal Data Scientist, Services Platform Samsung R&D Institute Bangalore, India
13) Mr. Ajay Pherwani, VP & CTO – Emerging Technologies, Tata Capital
The Continuum had a panel discussion in which Mr. Abhijat Shukla VP – Analytics, SG Analytics spoke about data analytics and said that there are successful examples of companies such as Amazon and Google, where data analytics is the foundation of the enterprise. But for most legacy companies, data-analytics success has been limited to a few tests or to narrow slices of the business. Very few have achieved what we would call “big impact through big data,” or impact at scale.
Mr. Satyakam Mohanty, Co-founder and Chief Executive, Ma Foi Analytics, said that nowadays the use of analytics is not limited within the technology firms, it’s being used in every aspect of business decision making. There is little doubt that every business can benefit from becoming more analytical in understanding its customers, performing its operations and making its decisions.
Mr. Sandeep Mittal, Managing Director, Cartesian Consulting, discussed about the potential of data analytics requires the building blocks of any good strategic transformation. Descriptive and predictive analytics have increased greatly in popularity due to advances in computing technology, techniques for data analysis, and mathematical modelling.
Mr. Manoj Paul, President and COO, GPX Systems, Mr. Shrikant Shitole Managing Director Symantec India, Mr. Mohan Raju Account, General Manager, Bharti Airtel Limited, Mr. Rajeev Tiwary, Head – Smart Integrated Infrastructure, Black & Veatch, were involved in group discussion about “IOT & Big data : Changing the landscape of traditional business” and concluded that Even though the technology is still in its early days, the data from devices in the Internet of Things will become one of the most important things for the cloud and a driver of petabyte scale data explosion. For this reason, we see leading cloud and data companies bringing Internet of Things services to life where the data can move seamlessly to their cloud based analytics engines.
Mr. Sunil Shirguppi, VP – Engineering, Ola Cabs, said that customers are transitioning to communicating and buying through digital channels. This has increased the importance of customer engagement manifold. If we look at the future, what is trending from an organization perspective is integration and from the customer perspective is mobility. A customer is not going to wait long and organizations need to leverage the technology to be responsive to the customer needs and changing lifestyle.
Mr. Ashesh Kumar, Head- BFS Analytics Practice, Tata Consultancy Services, stated that with the analytics engine in place, Banks can track every aspect of a typical customer’s financial habits. The analytics tools also give the bank insights into personal habits of its customers, allowing it to promote offers accordingly.
Mr.Satish Iyer, Program Manager, eClerx India, said that for enterprises, IT companies, BPOs and shared services that use large scale, high-volume human labor, with an intrinsic exigency for productivity and cost efficiency, RPA (Robotics Process Automation) technology adds impetus to business innovation and profitability. It enables organizations to configure software robots that automate manual and repetitive rule-based tasks at a fraction of the cost of their human equivalent, and to integrate without disrupting the legacy system. Robots are easy to train and see the interface like a human. They can act as automated assistants and are designed to collaborate with humans while permanently reporting on progress.
Mr. Hari Koduvely, Principal Data Scientist, Services Platform Samsung R&D Institute Bangalore, India and Mr. Ajay Pherwani, VP & CTO – Emerging Technologies, Tata Capital said that Enterprises are realizing that consolidating workloads from multiple machines onto a single, engineered system works faster; is less expensive and just makes good business sense. Innovation may be particularly in vogue today. However, the most successful companies have long since known its value. Southwest Airlines—one of the few profitable players in a beleaguered industry—innovated by renegotiating the customer interface, offering a no-frills service in exchange for lower fares. Wal-Mart innovated by reconfiguring its supply chain.
Mr. Kaustubh Deshpande, Data Strategy and Execution Leader, Equifax, spoke about the relevance of data quality in analytics and said that In order to stay competitive, banks in India are taking the data analytics route to lure new customers, retain them, find opportunities to upsell and cross-sell and minimize their own losses. One of the first instances of the use of analytics can be traced back to the early 2000s when few private banks put in place a data warehouse and started investing in technology that would help it make sense of the massive troves of unstructured data captured by its information technology (IT) systems.