(Co- Conceptualized by Vikrant Kishore and Nibha Jain; Writing inputs also from Mihir Gajrawala)
“I think there is a world market for may be five computers.”
Thomas Watson, IBM Chairman, 1943
Thomas Watson, IBM Chairman, 1943
“640K ought to be enough for anybody.”
Bill Gates, 1981
Bill Gates, 1981
“Everything that can be invented has been invented.”
Charles H. Duell, Commissioner, U.S. patent office, 1899
Charles H. Duell, Commissioner, U.S. patent office, 1899
Even the great minds and the pioneers in their own fields don’t have that far vision. But, nothing is impossible. Technology creates opportunity. But, opportunity favours prepared minds.
Human mind, by nature, is progressive and growth oriented. It is this very instinct of the human race that has led to the stupendous technological advancements in the world. For any resource constraint society, the only way to optimize their resource utilization is by way of TECHNOLOGICAL Advancements.
The world today faces newer challenges like Environment, population rise, downturn in agriculture output and energy crisis. At the same time inventions like internet are rapidly changing the lifestyles of the communities all around. New businesses like social networking, m-commerce etc. are bridging the geographical divide of the globe.
Numerous technologies lie untapped in the laboratories around the world, which have great societal impact and are huge entrepreneurial opportunities. For instance, DTH is a technology which is in commercial market for last 5 years, but it is a 30 year old technology which NASA was using in space ships.
If we visualise the future 50 years ahead, we can foresee an altogether new world. With income distribution getting more equal, there will be huge consumption demand; so accordingly, societies will be producing on an unthinkable scale.
Consider this ….
100 years ago, who knew about industries like Automobiles, music industries, Aviation Pharmaceuticals and Management consultancy?
30 years ago, who knew about industries like cellular phone, biotechnology, express package deliveries, coffee house, snow boards, and home videos?
10 years ago, who knew about Mobile commerce, online gaming, virtual businesses,BPOs?
And the opportunities for the next 2-3 decades are mind-boggling.
People are going to build space hotel on moon and moon colonies as human residence may be possible in near future. Due to the advent of super computers and rapid development in telecommunication the concepts like smart homes have come into picture. Japan is building a 500 storey building which will house an entire city. Just think the various opportunities, it throws open and possibilities we even may not visualise. People are talking about releasing movies directly in homes and theatre via satellites. So delivery systems are changing with technologies.
Imagination about cities without cars, driverless cars, smart highways, is seemingly becoming feasible in near future.
With the speed of innovation becoming faster and world changing at a rate faster than ever before it becomes important that we sensitise ourselves to the technological developments that will shape the course of societies over next few decades.
The T- Dimension
“Technology as a dimension for businesses”
What’s T- Dimension?
Some societies like European and American, are more prosperous than other and when we try to see the reason, we find that they invested more in technological development than us and that gave them the edge over others.
In this era, technology has become most important dimension affecting every aspect of human lives, so enterprises are also not spared.
Big business and industrial houses like Birlas, Tatas, Bajaj etc. took two three generations to reach a level where as new generation of entrepreneurs like Bill gates, Azim Premji, Narayan Murthy, Shiv Nadar achieved heights in their own life time and the differentiator was the Technology as a source of business idea.
Let’s start understanding this, before we are left behind in the race against time. Technology has given us again a historical chance to regain our lost glorious past when our country was called a “golden Sparrow”.
We say time is changing, but that change is most visible through technological change.
New corporate Mantra is “WHAT NEXT”?
Let’s try to anticipate future societies which will be knowledge based societies.
Let’s try to appreciate the Schumpeterian view that why destruction is good and desirable.
Technology has brought human race so close to each other; no political system could do that in past. Who knows that one day it will make the whole world a border less unified entity?
Just imagine the ocean of possibilities when technology will enable us to communicate with each other without language barrier.
Event
A convergence of technology, stakeholder institutions, people, and entrepreneurial minds
Purpose
The purpose of holding this event is to sensitise the entrepreneurial minds about the technology as a dimension and its potency, to make them envision future possibilities in convergence of technology and business.
It will also showcase some opportunities, you can pursue at your convenience.
Vision
- To become a well recognized national platform for technology related entrepreneurially relevant information exchange.
Enabling, sensitizing entrepreneurial minds about technology as a big business opportunity
Who would come to attend this event?
- entrepreneurial minds
research institution
bankers, financers
companies
govt. departments
educational institutions
Need for this kind of Event
As a student community we feel that we are not being sensitized enough about the potency of the technology create an impact on societal level and optimizing resource utilization. But, complaining and waiting for someone else to solve the problem will not give us a solution. We believe that every problem should be looked as an opportunity. Therefore there is an opportunity to create a Platform where all the stakeholders can come together to have meaningful and result oriented exchanges and interactions.
There are indigenous technologies lying unexploited in the Indian labs with no takers because there is disconnect between research institutes and market. At first place laboratories are not able to see the market requirements and then they are not able to commercialize technologies that they build. Unlike western countries system, where there is quite vibrant connect between educational research institutes and corporate, such facilities in India are lying unutilized for lack of vision and lack of connect between industry and these institutions. That gives rise to lack of appreciation of technology at a society level.
It is also a known fact that people, who develop technology, are different from those who commercialize those technologies. Entrepreneurs are the people who organize resources to create value and deliver it.
This platform would address this gap and will bring together all stake holders namely entrepreneurial minds, research institutions, bankers and financiers, companies, government departments, and educational institutions to synergize their efforts in a direction to get results.
Issues to be addressed
Technology Sensitization (Technology as Business Opportunities
Technology Adaptation
Rural Technology
Technology for Social Sector
Indigenous and International Technology Transfer Regimes and Institutions Involved
Technology evaluation process and its importance
Incentives and Benefits from National and International Agencies
Law of Accelerating Returns
Eminent inventor and futurist of 21st century Ray Kurzweil's ‘Law of Accelerating Returns’ explains the significance of the rapid pace of innovation:An analysis of the history of technology shows that technological change is exponential, contrary to the common-sense "intuitive linear" view. So we won't experience 100 years of progress in the 21st century -- it will be more like 20,000 years of progress (at today's rate). The "returns," such as chip speed and cost-effectiveness, also increase exponentially. There's even exponential growth in the rate of exponential growth. Within a few decades, machine intelligence will surpass human intelligence, leading to The Singularity (marvel, miracle, wonder) -- technological change so rapid and profound it represents a rupture in the fabric of human history.
Rapid growth of technology creates an increasing demand and need for more entrepreneurs
If technology is increasing at such a rapid pace, then we're going to need an increasing number of entrepreneurs to bring these technologies to market. Otherwise, new technologies will sit on tech transfer shelves creating a loss of value for society. Ultimately, this can be considered a negative Return on Investment since we invest in the research and development of technologies, but don't invest enough in the commercialization process. Think of it as investing in a stock and the company going bankrupt. There's no value if employees (think of them as the underlying technology of a product or company) end up sitting around all day doing nothing.
Why you can’t afford to ignore it?
Convergence of computer & telecommunication has really impacted communication making it faster, wider and indispensable. World is global village now and businesses are glocal.
New technology enters and spreads so fast that one doesn’t realise when present technology becomes obsolete. Pager companies had no idea that cellular technology will all of a sudden arise one day; remember “creative destruction”. Similarly who knew that one day we will graduate from floppies with very small storage capacity to CD, DVD, pen drives and now to portable hard disks with capacities ranging upto one Tera bytes? Technology is so powerful that it can help create, sustain, and destroy businesses. As an entrepreneur one should better take care of technological scenarios or bear the brunt of being technology averse
Ignoring technology is a threat; threat of losing the existing business. It is also an opportunity lost; opportunity of creating wealth by cost advantage, optimizing operations to an efficient level, and having a competitive edge. When one realises this the world becomes the battlefield and all geographical barriers shatter & succumb to the entrepreneur. But, one thing is for sure that one cannot afford to live aloof from technology in this competitive era. There are many examples in the past from which we can learn. IBM, a pioneer in the computer field was a market leader in the mainframe computers till mid 1980s. But, just because it overlooked the entrance of Personal computers by some other players it slumped down very badly. But, later on IBM well exploited the disruptive technology, the internet by becoming a dominant provider of e-business solutions and services.
It’s challenging but attractively doable
It is essential for enterprises to not only integrate technology in their business but constantly upgrade their technological capabilities. Optimum utilization of the technology has created business empires. Solely technology driven business have changed the way we work, think, act, behave, and live!. Technology development, adoption, and adaptation require capital. On doing the Cost benefit analysis effective use of technology has broadly been less capital intensive and delivers to the max. Moreover, today capital is available in ample; what is apparently unavailable is a breakthrough idea. Idea along with the technology is a combination which has transcended horizons in ways that has positively impacted the human lives. In 1970s Toyota which today is world’s number one car manufacturing company, realized that it need to change its philosophy of mass production of cars which was increasing its cost of inventory resulting in blocking of capital, had long production cycle and was not attending customers’ preferences. It was then when it developed a “flexible manufacturing system” which was solving all the above issues. This innovation enabled Toyota to produce a more diverse product range at a lower unit cost than was possible with conventional mass production.
These days Government is also helping entrepreneurs by bringing schemes for promoting technology transfer and R & D through subsidies and tax benefits. Unfortunately most of the entrepreneurs either remain unaware about it or they show negligence towards technology
Come, be the part of future that is rich with inventions. Envision future. Enrich yourself.
Come to understand the T-Dimension 2009-10, on 11th to 14th December 2009. This event gives a chance to entrepreneurs to meet people; they normally may not get a chance to meet.
“Speech has allowed the communication of ideas, enabling human beings to work together to build the impossible. Mankind's greatest achievements have come about by talking and its greatest failures by not talking. It doesn't have to be like this. Our greatest hopes could become reality in the future. With the technology at our disposal, the possibilities are unbounded. All we need to do is make sure we keep talking.”
Stephen Hawking
Event Format
Aim of T-Dimension
Information Dissemination
Technology Awareness
Tools
Technology Demonstration
Interaction with research Institutions
Live Case Study Presentation
Entrepreneur Interaction
Expert Interaction
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