Director, IBM Research - India & Chief Technologist, IBM India/South Asia talks at length with virat bahri of B&E on IBM’s Vision 2015 and the future of business analytics
B&E: IBM has established a new vision for 2015 based on smart world technology. What is the smart planet concept all about?
Dr. Manish Gupta (MG): Technology is now becoming an enabler of fairly profound changes that we can make happen, in not just what was traditionally the field of IT but also to solve some of the long standing problems affecting society. A lot of it is behind the so called smarter planet vision that we have. With the cost of transistors having dropped to say fractions of a paisa, it has now made it possible for us to build sensors very cheaply. And the sensors can be essentially embedded anywhere, which lets us measure the exact condition and status of practically anything. We used to talk of the internet where people would interconnect. It is now evolving into what can be called the internet of things. These sensors or these objects are now available on the internet. The status of what’s going on, like the traffic situation on the highway or where my goods are at a given time through RFID tags; all this is potentially available on the Internet of things. Earlier, the concept was sense and respond, now we are reaching the stage of predict and respond. For example with smart transportation systems, you don’t want to wait for the traffic to build up before doing something; you want to predict before the build-up of the traffic and then plan how to prevent the build up.
B&E: Tell us some practical implications and the business potential that you see with the smart planet vision.
MG: A study done by the IBM institute of Business Value revealed the following. The entire world economy is estimated at $54 trillion and $15 trillion of that is wasted. Examples are billions of gallons of fuel wasted every year in cars stuck in traffic. Another estimate says that in Delhi alone, we waste 3 million litres of petrol daily (essentially vehicles). We estimate that roughly half of the food supply produced by the world is not reaching people. There are a lot of cities, where again upto 50% of the water could just be getting lost. A lot of sub-optimal decisions have to be taken. In any industry, you can see a lot of inefficiencies and the estimate is that around $4 trillion of inefficiency can be removed using IT. That, in a sense, is the kind of market for smart planet. Also, any business that is able to sense or predict some of these changes in environment, supply chain, demand, businesses have and meaningfully act upon it in real time will have a significant advantage. IBM has launched Business Analytics & Optimisation (BAO). We believe that globally it is a $100 billion opportunity today and growing very fast, at around 8% per annum. We believe that business analytics will be bigger than ERP.
B&E: IBM has established a new vision for 2015 based on smart world technology. What is the smart planet concept all about?
Dr. Manish Gupta (MG): Technology is now becoming an enabler of fairly profound changes that we can make happen, in not just what was traditionally the field of IT but also to solve some of the long standing problems affecting society. A lot of it is behind the so called smarter planet vision that we have. With the cost of transistors having dropped to say fractions of a paisa, it has now made it possible for us to build sensors very cheaply. And the sensors can be essentially embedded anywhere, which lets us measure the exact condition and status of practically anything. We used to talk of the internet where people would interconnect. It is now evolving into what can be called the internet of things. These sensors or these objects are now available on the internet. The status of what’s going on, like the traffic situation on the highway or where my goods are at a given time through RFID tags; all this is potentially available on the Internet of things. Earlier, the concept was sense and respond, now we are reaching the stage of predict and respond. For example with smart transportation systems, you don’t want to wait for the traffic to build up before doing something; you want to predict before the build-up of the traffic and then plan how to prevent the build up.
B&E: Tell us some practical implications and the business potential that you see with the smart planet vision.
MG: A study done by the IBM institute of Business Value revealed the following. The entire world economy is estimated at $54 trillion and $15 trillion of that is wasted. Examples are billions of gallons of fuel wasted every year in cars stuck in traffic. Another estimate says that in Delhi alone, we waste 3 million litres of petrol daily (essentially vehicles). We estimate that roughly half of the food supply produced by the world is not reaching people. There are a lot of cities, where again upto 50% of the water could just be getting lost. A lot of sub-optimal decisions have to be taken. In any industry, you can see a lot of inefficiencies and the estimate is that around $4 trillion of inefficiency can be removed using IT. That, in a sense, is the kind of market for smart planet. Also, any business that is able to sense or predict some of these changes in environment, supply chain, demand, businesses have and meaningfully act upon it in real time will have a significant advantage. IBM has launched Business Analytics & Optimisation (BAO). We believe that globally it is a $100 billion opportunity today and growing very fast, at around 8% per annum. We believe that business analytics will be bigger than ERP.
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Source : IIPM Editorial, 2010.
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
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