Tips From Top – “Internet Of Things - Transforming The Way We Live”. Mr. Arun Karna, MD, AT&T Global Network Services India Pvt. Ltd.

Mr Karna also brought to the fore Global Equipment and Machinery solutions. He gave a classical example of how the aircraft engine manufacturing industries like GE, Rolls Royce and Pratt Whitney have switched to a predictive analysis of aircraft engines. They now provide engines to Aircraft manufacturing industries like Boeing on ‘pay as you use basis’ rather than selling it off to them, thereby preventing huge losses by switching from capital expense to operational expense. Thus, the internet of things has practically changed the scenario of aircraft manufacturers and even prevented casualties by giving early warnings on possible breakdowns of engines and their operational status.

Mr. Karna also explained how virtualization of functions has brought a significant advancement in connected cars. The convergence of telematics and vehicle diagnostics along with infotainment has actually made ‘Connected Cars’ a reality. The usage based insurance that scores you as a driver, emergency alarms, avoiding unnecessary traffic by finding alternate pathways are the new ‘features’ that connected cars offer.

The speaker also ventured into the Healthcare Industry where the Internet of things has brought Remote Patient Monitoring to the rescue of thousands of critically ill patients. The adherence to the routine medicines to avoid secondary complications, the case management that customizes the ‘care plans’ and improvisation in the staff efficiency using IoT has made one too many patient management a cake walk for the hospitals.

Mr Arun Karna referred to IoT as an ecosystem of innovation. Besides, he also addressed queries from the audience regarding the breach of security and privacy. He mentioned that the lack of standardisation in this new space has actually raised serious concerns. The students also asked the challenges faced by the IoT in marketing itself. Mr Karna said that a varied spectrum of businessmen prevail that are often tackled by providing the Proof of Concept preferably free of cost to showcase the wonders IoT can do. The rogue sensors are another impediment that IoT phenomenon faces.

All in all, the distinguished speaker enlightened and provided a vivid perspective to the management students by sharing his extensive experience that certainly opened their eyes to the world of IoT.