Contributed By: Adhara Modi, Anjana Senapati, Ayushi Pande, Devi, Namrata Sehgal, Ruhi Mudgil and Tithi Banerjee
The theme for Day 2 of IIMB Business Conclave was celebrating entrepreneurial spirit and non-tech start-ups. The day kickstarted with a talk with Chief Commercial Officer of Indian Airlines’ market leader, Indigo – Mr. Willy Boulter. While capturing high market share is important, he stressed on how cardinal data and privacy are to the airline industry, where every action is monitored by the second and there are no excuses for failures in customer service or safety.
From exploring drivers of operational efficiency in the Airline Industry, we moved to understanding the grave inefficiencies in current Healthcare setup with Mr. Ganesh Prasad, Founder, MD and CEO, GenWorks. He emphasized on how key problems of healthcare industry, viz. affordability, accessibility and incorrect diagnostics can be addressed effectively using technology. “Healthcare is a personal experience for everyone. Enabled by disruptive technologies such as digitization and AI, healthcare can be truly democratized and made more efficient to serve a larger base of people”, said Mr. Ganesh Prasad.
The first panel discussion of the day was “Out of the Blocks” and had a mixed set of panellists from Corporate and start-ups – Mr. Sunil Krishnan, Blockchain Lead, Accenture (IIMB EPGP Alumnus), Mr. Selvam VMS, Co-founder & CEO, DiscoveryIOT, Mr. Gokul Alex, Associate Director, PwC and Mr. Anuj Trehan, Principal – Accenture Ventures (IIMB EPGP Alumnus). The discussion revolved around blockchain, cryptocurrency, IOT and their applications in the current market scenario. While the panelists acknowledged blockchain technology as an industry game-changer, they highlighted the challenges involved in blockchain implementation like energy consumption, controlling criminal activities, scalability and cost of design and integration.
The best was saved for the lastas the IIM-B Business Conclave’s last few sessions had the who’s who of the start-up industry. Ms. Shradha Sharma, Founder and CEO, YourStory, took the first session post lunch. She, with her witty and tongue-in-cheek comments, woke up the crowd from the regular slumber that we call “life” . She urged the audience to create their “Own Story” and stop following the rat race. Many entrepreneurs in the audience shared their experiences, sought her advice and just like always she left the audience mesmerized.
After getting one reality check, we moved onto the another neglected aspect of Indian social system – women’s safety. Mr. Kishan Ananthram, CEO, IonIdea has been working selflessly since 2015 to develop and promote his product – GuardOn. In India, where police takes 20 mins to reach an accident site or the victim, GuardOn will be able to send medical alerts, take pictures, record audio and video on the phone for evidence and dial out pre-configured numbers – all on a press of a button. Mr. Kishan Ananthram said, “Disruption is approaching us from all directions, be it technological, business, economic, societal or political disruption. Each wave of disruption is coming at a faster pace than its predecessor.”
The final session of the event was a panel discussion on “Disruptive non-tech startups” with Prof. K. Kumar. The panelist consisted of K Chandrashekhar, Founder & CEO, Forus Health; Amuleek Singh, Founder & CEO, Chai Point and Suhas Misra, Founder, Hector beverages and tardigrade healthcare. The discussion revolved around an entrepreneur’s journey, struggles and the adrenaline rush of taking risks. Prof K. Kumar made the session interactive by juggling questions between the panelists and the audience. The key takeaway from the session and a lesson for all of us is that no one can run from technology anymore – it is time to embrace it and use it effectively and with the right intent.
The event concluded with the announcement of the results of Case writing competition. IIM Bangalore’s incubator center, NSRCEL, was the event’s partner for this competition. Anuj Arora and Xelene Aguiar, current EPGP students, bagged the first prize.
Adhara Modi, Anjana Senapati, Ayushi Pande, Devi, Namrata Sehgal, Ruhi Mudgil and Tithi Banerjee are EPGP 2018-2019 students of IIM Bangalore.