The Confederation of Indian Industries, Southern Region, organised a CTO conference on the title, “Leading With Disruptive Technologies”, in Chennai on 12th April. The informative, day long conference provided a platform for technology leaders to understand and leverage disruptive technologies and enable business growth through innovation.
The event served as a launch pad to share knowledge and skills relevant to emerging disruptive technologies and allowed the speakers and delegates to create strategies to manage the risks associated with disruptive technologies.
Mr S Chandramohan, Chairman, CII Tamil Nadu State Council & President & Group CFO, Tractors and Farm Equipment Ltd, during the inaugural function said that, “The government is talking about a National E-Logistic platform, which is going to connect a lot of agencies such as banking, ship building, railways, etc., together. It is my opinion that it is going to change the entire logistics platform.”
“Initiatives such as these added a significant amount of value, in terms of business. With 3D printing coming up in terms of size and usage, we would witness a changeover. This might lead to a disruptive change, where casting industry may cease to exist. These are the changes that are on the horizon and we should be prepared and work towards these disruptions”, he added.
Frost & Sullivan was the knowledge partner for the event. The company bought a White Paper, which gave an insight to the whole spectrum of disruptive technologies. It was formally launched by Mr Lakshmi Narayanan, Emeritus Vice Chairman, Cognizant Technology Solutions, at the event.
The theme of the conference was introduced by Dr Shankar Venugopal, Conference Chairman and Vice President, – Technology Innovation & Knowledge Management, Mahindra & Mahindra. It was titled, “How to lead with disruptive technologies”.
Dr Venugopal explained about the magnitude of disruption that had taken place in the automotive sector, by stating the example of the missing components in latest cars such as a Tesla model X, compared to the traditional combustion engine vehicles.
“The kind of disruption we have on our hands is very big and it is a paradigm shift. If this is the disruption, then the dilemma is that, it is not just the components that would no longer be present. But the entire ecosystem that was built during the decades, must redefine themselves, while passing through these changes.”
Mr Kaushik Madhavan, Vice President, Mobility Practice, Frost & Sullivan, during his address said, “Disruption is always viewed with a bit of a fear. But actually, disruption opens up a lot of opportunities, allowing us to take it up and innovate something new. Hence, new business models, revenue generating opportunities and new areas we have never even thought of, can be discovered.”
Mr Madhavan believes that, subscription services are what is going to drive the revenues for the OEMs, going forward. The traditional ownership model will be taken over by renting, leasing and usage based services solely because they are sustainable and renewable in the market.
Mr Lakshmi Narayanan during the Key Note address, stated that, “Technology disruption, will soon enable travelling to places in a digitally proficient manner, without having to do too many transactions at various points. Logistics, trade & commerce, mobility and every other industry will face a rapid change or disruption, in terms of technology and operations.”
Finally, Dr Seshu Bhagavathula, Chief Technology Officer Ashok Leyland, spoke about connected, shared, autonomous and electric technologies (CASE). “What is important is not only the fact that what is happening right now, but the fact that what could happen in the future, with those CASE technologies”, he stated.
The day long conference acted as a platform for learning about the various ways to lead in a disruptive environment and handle changes, as highly intellectual speakers elucidated the delegates with interesting insights and their thoughts.