Lal Bahadur Shastri Institute of Management hosted an IT SUMMIT on ‘Changing Business Dynamics in IT industry’ at its campus in Dwarka Sector 11.
The conference was inaugurated by the Chief Guest, Mr. Ravi Swaminathan,Managing Director- Advance Micro Devices (AMD).
In his inaugural address Mr Swaminathan stressed on recent business dynamics in IT industry and quoted “We over estimate the changes in short term, we under estimate the changes in long term”. He specifically talked about three C’s i.e., Consumerization of industries, Convergence of Industries and Cloud Computing.
Dr. P.K. Biswas, Director – LBSIM, in his welcome address emphasized the increasingly important role of technology in every walk of life and about the trends and dimensionsin technology and its impact onpeople and future.
Dr. V. M Mathur, Conference Convenor, elaborated on the various topics that would be covered in the conference during the two sessions. Dr. G.L Sharma, Professor and Advisor: Corporate Interface,offered an insight into the collusion of IT sector and business.
He noted, “Everything today melts down to raise the revenue”. He proposed 3 A’s of management and shared that they are Anticipate, Acquire and Allocate the resources.
The conference was divided into two technical sessions. The first being a technical session covered topics like Big Data, ERP, Cloud Computing and Cyber Crime and the second session dealt with changing role of HR in IT industry,which were attended by eminent academicians and industry professionals.Mr. Alok Gupta Founder & MD-Pyramid Cyber Security & Forensic Ltd., shared his experiences in the field of Cyber Crime and forensicand how IT is dealing with it. He gave an insight of digital forensic analysis and Stenography with some real life examples.
Mr. Nishith Seth,MD-Substratal Solutions Pvt. Ltd, elaborated the concept of Big Data and shared about its significance and scope. He talked about Predictive Analysis through two approaches: Conventional and Modern. Mr. SandeepMitra,Sr. Program Manager-Sapient, lectured on the topic Cloud Computing, its genesis and the journeyit has covered so far.
Mr. Ajay Kaushik Program Manager-Unisys Global Services India,discussed the role and impact of Projects and Project Management in IT sector. Ms. RashmiWadhawanhighlighted the ongoing trend of Agile Computing.
The conference served as an excellent platform to absorb insights on how to bring to surface some radical innovations from IT which can bring strategic transformations in the IT Industry. It also emphasized on the synergies between IT and the traditional HR role.