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Hyderabad: Disruptive Technologies seen to shrink life span of cos in Madhapur

Hyderabad: Disruptive Technologies seen to shrink life span of cos in Madhapur
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Highlights

Need for India to have its own Facebook on lines of WeChat in China

Madhapur: A panel discussion on 'Disruptive Technologies and their impact' was organised by ESC, Electronics and Computer Software Export Promotion Council, as part of the Mega Global MSME Business Summit on the second day of Global Soft 2020 here at HICC here on Wednesday.

Interacting with the media, on the sidelines of the panel discussion, Amit Dubey, a national security expert and author of books 'Return Of The Trojan Horse' and 'Hidden Files: Tales of Cyber Crime Investigation,' who is also an adviser to the proposed "The Personal Data Protection Bill 2019," said the draft of the bill is over it is most likely to be placed in Parliament this month.

Asked how to read the sudden and recent announcement of Prime Minister Naredra Modi that he might quit social media in the near future, Amit said, "There were discussions for some time that in the interest of the nation and safety and personal data of its citizens, the government was advised to have their own social media platforms, including whatsApp. In fact, discussions are active inside many close quarters in the ministry to have India's own Facebook, CryptoCurrency and others, he added.

China has 'WeChat' which is China's billion-user messaging app. It is owned by Chinese tech giant Tencent. It is very popular there and has more than a billion monthly users, just behind Facebook's WhatsApp.

BVR Mohan Reddy who has seen and created disruption, spoke about importance of disruptive technology and way forward said improved connectivity, storage facility, automation and change of most fundamental substances like Net Generation Genomics and Advanced materials, all are adding up to the disruptive environment.

Because of this disruption, the average life span of many S&P 500 companies is also changing. The average life span of a company in 1935 was 90years, in 1955 it was 45 years, in 1975 it was 26 years, changed to 19 years in 1995 and in 2010 it stood at 14years.

The technology is ubiquitous and faster. It took airlines 68 years to gain 50 million users; Automobiles 62 years; telephones 50 years; electricity 46 years; credit cards 28years; TV 22 years; ATM 18years; Computers 14 years; cell phone 12years; internet 7 years; I-pods 4 years; Youtube 4 years, Facebook 3 years; Twitter 2 years, Pokemon Go 19 days, Reddy explained.

Mandeep Singh Puri spoke about Phygital—a mix of the terms Physical & Digital is merging as the important aspects of digital and physical marketing to optimize the customer experience.

The panel discussion was organised as part of the GlobalSoft 2020. GlobalSoft 2020 is a forum bringing Indian SMEs and Foreign buyers on a single platform. The two-day meet concluded here this evening.

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