Archive for category Entrepreneurship & Emerging Technologies – (Mobile, Cloud, Clean Energy, Big Data etc.)
Posted by Darshana V. Nadkarni, Ph.D. in Entrepreneurship & Emerging Technologies - (Mobile, Cloud, Clean Energy, Big Data etc.) on May 7, 2013
“Is it useful? If not, it better be entertaining. Else, it goes into the basket called useless”. With this simple mantra and simple philosophy for life, Manoj Bhargava, possibly the wealthiest Indian in America, leads 5-Hour Energy, the company that makes tiny bottles, packed with nutrients. Most of the company meetings last 30 seconds to a minute, says Bhargava, who leads the $1 billion+ company, with a lean, non hierarchical staff, of 60 people. “We are not efficient, we just don’t do useless stuff”, he says. Good advice! I can see how my efficiency would get a boost, if I stop doing useless stuff on my blog, twitter, facebook and take a big gulp of the 5-hour energy drink!
Bhargava’s approach to marketing and advertising is just as simple. With the belief that one may not be thirsty and need the energy jolt at the same time, tiny 2 oz. energy bottles packed with functional nutrients, B vitamins and amino acids, are strategically designed to be placed at the check-out counters and at easy point-of-sale locations; and are believed to have covered 90% of the energy shot market. Explaining one of their first ad that was nominated as one of the worst ads on TV, he says, “we don’t tell a joke and then name our product; our approach is to tell what it is”. This ad increased sales by 50% in 3 months.
Bhargava started plastics raw material company in 1990 that grew to $20 million in sales, before he sold it to a private equity firm. He then started a consumer products company, Living Essentials, out of which came 5-Hour Energy. His stake in Living Essentials is over $3 billion. Bhargava is as generous a philanthropist, as he is successful at entrepreneurship. He has contractually pledged a billion dollars to charities that fund medical research. Bhargava was awarded “2011 Newsmaker of the Year” award and was named Ernst & Young’s “Entrepreneur of the Year for 2012”.
TiEcon is around the corner. Register before the event is sold out at www.tiecon.org.
Posted by Darshana V. Nadkarni, Ph.D. in Entrepreneurship & Emerging Technologies - (Mobile, Cloud, Clean Energy, Big Data etc.) on May 2, 2013
TiEcon 2013, the biggest conference of its kind, with a mission to nurture entrepreneurship, has an impressive lineup of excellent speakers and panels, in the hottest industry segments of Big Data, Mobile, Software Defined Infrastructure, and in Entrepreneurship.
Big Data track will feature speakers that include, Dr. D J Patil http://bit.ly/YYyOxd, data scientist at Greylock Partners, and Rayid Ghani, http://bit.ly/16Ys2iI , Mr. Obama’s Chief Scientist who converted vast amount of data collected through large commercial databases, boutique lists, voter files, and social media sites, into a source of valuable data that galvanized the election campaign and the rest is history.
Mobile track will hold panels on “mobile ecosystems” to “where they are VCs investing”, in this fast growing market. The track will feature top notch speakers like Anand Chandrasekhar http://bit.ly/10zEJks, Senior VP and CMO at Qualcomm.
With data centers of the future defined by Software Defined Infrastructure, efficiency is bound to get a boost, as resources get divided. This track will feature speakers like Dr. Guru Parulkar http://bit.ly/10MyHYw, Executive Director at ONRC and Consulting Professor at Stanford University, with discussions around how OpenFlow might enable networks to evolve by giving power to the remote controller, to modify the behavior of network devices.
Entrepreneurship track has some of the biggest names of inspiring self made entrepreneurs, including famous Ronnie Screwvala http://bit.ly/160LYQB, Syntel’s Bharat Desai http://bit.ly/13HmSrQ, Chris Anderson, CEO of 3D Robotics http://bit.ly/ZxDn3f, and Manoj Bhargava http://bit.ly/17KV6dc, CEO of 5-Hour Energy, possibly the wealthiest Indian entrepreneur, in USA.
Entrepreneurship is not just a buzzword at TiEcon. Here future successful entrepreneurs will be showcasing their companies, will get access to mentors like Vinod Khosla and Kanwal Rekhi, and get countless opportunities to network. The participants will likely include professionals from some of TiE’s 500+ startups and 150+ angel investors. Come and get energized, in an environment where failures are merely stepping stones to success.
Last few days to register for tiecon, before it is fully sold out – http://www.tiecon.org.
Growing Market Share in Fast Growing Mobile Technology Market – Anand Chandrasekhar Keynote Preview TiEcon 2013
Posted by Darshana V. Nadkarni, Ph.D. in Entrepreneurship & Emerging Technologies - (Mobile, Cloud, Clean Energy, Big Data etc.) on April 24, 2013
Anand Chandrasekhar, Senior VP and Chief Marketing Officer at Qualcomm will be giving a keynote address at TiEcon 2013.
Mobility is one of the fastest growing technology segments. It is revolutionizing almost every aspect of our lives from taking a museum tour with our Samsung Galaxy S III to “read” NFC tags embedded in signs and objects and learn more about the exhibits, to wireless charging, to how we pay for things. Basically, we want to bring along on the road, the capabilities on our cell phone that were fulfilled by many objects, and thereby replacing flashlights, satellite radios, digital cameras, game consoles, GPS systems, MP3 players, Wi-Fi hotspots, credit cards and more.
Obviously Qualcomm doesn’t need any help getting its SoCs and baseband chips into smartphones and tablets, but perhaps it could use marketing help, in this fast growing industry segment. Prior to joining Qualcomm, Chandrasekhar was senior vice president at Intel Corporation in charge of the Ultra Mobility Group and the Intel Atom processor family. During his 24 year tenure at Intel, Chandrasekher held a variety of roles, including co-head of Intel’s Mobile Platforms Group; Worldwide Sales and Marketing Group; and, the Workstation Platforms Group. He is best known for his pioneering efforts to help bring Intel Centrino Mobile Technology to the market that helped usher in the modern era of mobility. In March 2011 he resigned from his position of General Manager, Ultra Mobility Group after working at Intel for 24 years. He cited resignation was “to pursue other interests”. After a hiatus of over a year, Chandrasekher reemerged as the CMO of Qualcomm. At Qualcomm, he oversees global marketing and external communications. Come and hear him share insights on opportunities in the mobile market, at TiEcon 2013. Register at www.tiecon.org before price goes up on April, 30.
Posted by Darshana V. Nadkarni, Ph.D. in Entrepreneurship & Emerging Technologies - (Mobile, Cloud, Clean Energy, Big Data etc.) on April 17, 2013
Recently, while doing some search, I read an interesting sentence, “In an era without the constraints of physical shelf space and other bottlenecks of distribution, narrowly-targeted goods and services can be as economically attractive as mainstream fare”. I read and re-read the statement that is the theory behind the book “The Long Tail”, by author, entrepreneur, economics genius, and CEO of 3D Robotics, Chris Anderson. Chris Anderson will be giving a keynote speech at http://www.tiecon.org 2013 annual conference.
Chris Anderson was with The Economist for seven years, prior to joining WIRED magazine in 2001, as editor-in-chief. In 2004, he wrote an article entitled “The Long Tail”, which he later expanded into the book, “The Long Tail: Why the Future of Business is Selling Less of More”. The book argues that products in low demand or that have a low sales volume can collectively build a better market share than its rivals, or exceed the relatively few current bestsellers and blockbusters, provided the store or distribution channel is large enough. As you think about it, it seems a no-brainer. But it took the genius of Anderson to make a clear and explicit case, and then prove it.
An example of this would be something that I have long thought about with regards to book stores. In the days of tablets and kindles, the brick and mortar book stores are increasingly a thing of the past. But if you ask people, they remember the book stores, with the fondest memories and often deeply mourn the shutting down of book stores. Why? It is because, people like the idea of picking up and reading a book, in a quiet setting, even for a few moments. But, they just don’t have the time to make a special trip to the bookstore. However, consider if the book stores divided up by genres. Then different businesses picked up a genre, and devoted a small sub-section for that genre, in their store. For instance, consider Toys R Us having a book store section with children’s books, with sofas and comfy chairs for book reading and Starbucks providing a small section for mystery and romance books, and Home Depot providing a comfy section to read “Do it yourself” type of books right in their stores. I would assume that people will likely go and pick up a book to read, while sipping coffee or to take a break in shopping, and then will buy it, before leaving the store.
Anyway, this is the thinking behind The Long Tail, that, in the era of constraints of physical space, narrowly targeted goods and services can generate a great deal of interest. Specifically, since online retailers can stock virtually everything, the sales generated by the number of niche products can easily outnumber the big hits. And given the current complexity in people’s tastes, preferences, and varying lifestyles, when consumers are offered infinite choices, the true shape of the demand curve is revealed and it happens to be less hit centric, than previously presumed.
Chris Anderson is currently the cofounder and CEO of 3DRobotics, a drone manufacturing company. We have heard about drones being used in warfare. These drones allow the military to put a camera in the sky anywhere, anytime, and are touted as the future of warfare. But only geeks are aware of and dabbling in civilian drones, right now. However, practical applications for personal drones are emerging, as they are becoming more reliable and sophisticated. They are gradually being used by farmers, scientists, those doing wildlife management, and those tracking endangered species.
Anderson has now become a champion of innovation in manufacturing and his vision might have potential to bring manufacturing industries back to our heartland. Hopefully, he will share his vision for the future of manufacturing with combination of cloud computing, open source and 3D printing.
Register for the conference at http://www.tiecon.org .
Open Flow Enabling Innovation in Network Computing – Dr. Guru Parulkar to speak at TiEcon 2013 (Preview)
Posted by Darshana V. Nadkarni, Ph.D. in Entrepreneurship & Emerging Technologies - (Mobile, Cloud, Clean Energy, Big Data etc.) on April 10, 2013
In the past, computing centered around hardware based silos of network and storage. With data centers of the future defined by software defined infrastructure, efficiency can be boosted as resources get divided. In the earlier model, because of the network, you had to build pods or tiers. Now tasks can be moved around and ability to move applications that need high performance, is increased.
Dr. Guru Parulkar, Executive Director of Open Networking Research Center (ONRC) and Consulting Professor of EE at Stanford University, will talk about how OpenFlow enables networks to evolve by giving a remote controller the power to modify the behavior of network devices. The growing OpenFlow ecosystem now includes routers, switches, virtual switches, and access points from a range of vendors. Parulkar has been in the field of networking for close to 20 years. He joined Stanford University in 2007 and helped create three large projects – OpenFlow and SDN, POMI 2020 (Programmable Open Mobile Internet 2020), and SEDL (Stanford Experimental Data Center Laboratory). Parulkar is now spending most of his time on OpenFlow and SDN and on ONRC including OnLab.
Will Open Flow and SDN gain momentum quickly and become a new norm of networking? Come and hear Parulkar talk about how Open Flow and SDN is increasingly deployed in the production network of universities, with an aim to develop comprehensive intellectual framework for SDN. Register for TiEcon 2013 at www.tiecon.org .
How Big Data helped Mr. Obama Win the Election – Rayid Ghani in Fireside Chat at TiEcon 2013 – Preview
Posted by Darshana V. Nadkarni, Ph.D. in Entrepreneurship & Emerging Technologies - (Mobile, Cloud, Clean Energy, Big Data etc.) on March 27, 2013
“Share your story”, said Mr. Obama’s website, encouraging visitors to share why they wanted to be involved in his election campaign. The mastermind behind this project codenamed the Dreamcatcher, was Mr. Obama’s “chief scientist”, Rayid Ghani. He aimed to convert vast amount of data collected through large commercial databases, boutique lists, voter files, social media sites, and an unprecedented quantity of voter interviews it regularly conducted using paid phone banks and volunteer canvassers, into a source of valuable data to galvanize the campaign, with the use of analytics, algorithms, and machine learning. The sophisticated algorithms were also used to predict views on particular issues like pro choice and pro life. Armed with this information, the campaign was more focused in its message and its target and the result was vastly increased efficiency in fund-raising and in volunteer and voter mobilization.
Prior to joining Mr. Obama’s campaign, Ghani was a Senior Research Scientist and Director of Analytics Research at Accenture Labs. At Accenture, Ghani mined tons of data collected on corporate consumer servers, to find statistical patterns that could forecast the future. In one instance, he deployed algorithms that replaced health insurers’ random audits, to anticipate which of 50,000 daily claims were most likely to require individual attention. In another instance, Ghani helped set the terms of price insurance marked to eBay sellers, by developing a model to estimate the end-price for auctions, based on each sale item’s unique characteristics.
Ghani’s interests span a whole gamut from general machine learning and data mining to privacy preserving data mining, text mining, semi-supervised learning, active learning, information retrieval, NLP, and knowledge management. Most recently, his work has focused on developing and using machine learning and data mining algorithms to solve large-scale practical challenges in business, government organizations, and in politics, like helping Mr. Obama win the re-election.
Come and hear Mr. Ghani discuss the huge potential inherent in Big Data Analytics, in a Fireside Chat at TiEcon 2013 http://www.tiecon.org .
PS – I have a job opening for Machine Learning Professional and details can be found in JOBS category on my blog at http://www.darshanavnadkarni.wordpress.com .
Information about other TiEcon keynotes can be found at following links http://bit.ly/YYyOxd on Data Wizard D. J. Patil, http://bit.ly/13HmSrQ on Bharat Desai Chairman of Syntel. Register for TiEcon 2013 at http://www.tiecon.org .
Platforms for the Underserved – Health Tech Forum Innovation Conference, April 19, 2013 at UCSF, CA (Preview)
In the upcoming conference on April 19, 2013 and Code-A-Thon preceding the conference, Health Technology Forum, www.HealthTechForum.com is trying to push the envelope on creating new applications and technologies for hospitals and for getting information on tiny devices. The aim of such applications and devices is to make healthcare information and treatments available to people with the greatest need. Health Technology Forum Innovation Conference on April 19th, 2013 at UCSF, Mission Bay Conference Center, has a theme of “Platforms for the Underserved”. Here is a preview of some of some of the panels and speakers.
Dennis Boyle, a partner and one of the founding members of IDEO will share examples and case studies about IDEO’s work around the world. Armed with a mission to “make high-tech simple”, Boyle tackles design challenges to find ways to get information into and out of tiny devices. IDEO’s current project, a QWERTY keyboard made with foldable fabric, in collaboration with a British company, Elekson is an example of how technology is transforming our ability to send and receive information.
How can better communication through connected healthcare model help improve patient care in the hospitals? This will be discussed in a panel comprising of Five Bay Area Hospital CMIOs. I would also like to see this panel discuss how the IT infrastructure will enable the hospitals to provide value based care with fee-for-performance mindset. Additionally, I am looking for this panel to explore how technology may enable hospitals to lower readmission rates and control infections. Studies indicate that community based care transitions programs can help lower hospital readmission rates, particularly for patients afflicted with chronic diseases. I would welcome an opportunity to hear what plans hospitals have to leverage current strides in remote patient monitoring apps and devices so that patient’s vital signs including blood pressure and weight, biometric data including pulse oximetry and blood glucose levels as well as disease signs and medication and diet adherence can be monitored to couple it with reform driven community care to help lower hospital readmission rates.
Other interesting panels will address issues regarding patient engagement, challenges of harnessing big data and analytics, use of robotics in life sciences, and an opportunity to hear from Bay Area VCs on the funding scenario for Medical Device and Biotechnology companies.
Posted by Darshana V. Nadkarni, Ph.D. in Entrepreneurship & Emerging Technologies - (Mobile, Cloud, Clean Energy, Big Data etc.) on March 20, 2013
UTV was a humble cable distribution venture in 1981, in India. It would have been hard to imagine UTV to be a multi-media conglomerate it is today. Last year, Walt Disney acquired a controlling stake in UTV for reported $454 million. Walt Disney India’s Managing Director Ronnie Screwvala, founder of UTV and a serial entrepreneur, will be giving a keynote address at www.tiecon.org , May 15, 16, 2013.
I am looking forward to Screwvala share a few details about the secret sauce that has led to UTV’s tremendous national and international success. Undoubtedly, being affiliated with Disney must provide a huge international reach and marketing expertise. But content is the ultimate king and what is UTV’s strategic thinking behind content, to now reach its international audience? The 2012 Oscar entry Barfi and current hit Kai Po Che (movie review – http://bit.ly/YVGeEO ) are examples of themes and content that equally resonate with domestic and international audience alike.
Screwvala’s reach is enormous. He was named 100 most influential people in the world, on Time 100, in 2009 and was listed amongst 25 Asia’s Most Powerful, by Fortune Magazine. He was named Entrepreneur of the year by Ernst and Young. Screwvala’s new holding company Unilazer Ventures, with Rs. 1,000 crores, has been in discussions about growth investments in online fashion brands Zovi and SherSingh, among others.
Besides for profit deals and ventures, besides influencing fashion and form, Screwvala has also recently established a social work initiative called Swades, with an aim to transform and scale the influence of NGOs. The goal is that after the NGO does the development work for 3-5 years in a village, the village can be left empowered as a self-sufficient community that can prosper without any more help from outside. Screwvala is putting in $100 million and plans to raise another $100 million, with a total of Rs. 1 billion for the initiative.
UTV is active in four verticals, consumer products, new media & gaming, TV (nine channels include the Disney network) and film. It seems, Screwvala will continue to enthrall and influence, dazzle and educate many, both in India and internationally. Don’t miss a chance to hear Screwvala speak at TiEcon, 2013. Perhaps he may share a secret or two on how to succeed at entrepreneurship beyond your imagination. Register for the conference at www.tiecon.org .
Technology Making Quality Healthcare Accessible to Those Most in Need – HealthTech Forum Conference – April 19, 2013 – Preview
Access to quality healthcare across the world is not consistent and to many it is simply not available. Many of these people live shorter and highly constrained lives. In fact, unavailability of adequate health care is presumed to be the primary cause of premature deaths of 100 million women, reported missing, worldwide. Statistics are equally staggering regarding higher mortality among infants and children, on account of lack of medical care. This is true even in more developed countries. Health Technology Forum Innovation Conference, www.HealthTechForum.com on April 19th, 2013 at UCSF, Mission Bay Conference Center, will explore innovations in healthcare technology that is making healthcare more accessible to those in need of quality care. Here is a preview of some of some of the panels and speakers.
Social media is offering a whole new platform that is enabling communities and patients to be actively engaged in their own health. The access to information makes the patients feel more empowered and knowledgeable. However, participation on social platforms also raises HIPAA issues and other legal challenges. Representatives from Bay Area’s prominent law firms will join in, on a panel, moderated by Renne Berry, Founder and CEO of goBeMoRe, about current issues relevant to digital media law and healthcare.
A panel moderated by Suneel Ratan, CEO and Founder of Care Architecture will explore the concept of using technology in caring for dual eligibles. Plans often called “dual” or “dual eligible” are designed for people who qualify for both Medicare and Medicaid at the same time. These plans include all Medicare Part A (hospital stay) and Part B (doctor visit) benefits and Part D prescription drug coverage. For people with limited incomes, these plans may offer better health care coverage than Original Medicare and a separate Part D plan. Those who are dually eligible for both Medicare and Medicaid have a higher probability of complex chronic conditions, as well as mental health issues. They have a higher probability of being institutionalized or are at a risk of being so. They also account for a larger share of Medicare and Medicaid spending. The panelists will discuss the role that “connected health” technology might play in healthcare programs for dual eligible individuals. All such initiatives will need to begin with understanding the lifestyle, challenges, and characteristics of these individuals. Additionally, the panel will discuss the recent successful model that has been pioneered by the VA and how it can be scaled.
I will be sharing information on other panels and excellent keynotes. To register for the conference, go to www.healthtechnologyforum.com Early bird price is available if you register before tomorrow, March, 15.
Worldwide, medical adherence or patients prematurely stopping their medications, is a major obstacle to the effective delivery of health care. David Parpart and Sunit Gala talked about the complexity of the problem, the enormous cost to the healthcare of non-compliance and the technology-based solutions they are offering (www.impactmeds.com) to improve adherence at a www.bio2devicegroup.org event.
To give a sense of the enormity of the problem, Parpart shared a typical scenario where out of 100% prescriptions, only 50-70% go to the pharmacy, and out of that only 48-66% come out of pharmacy, out which only 25-30% of the medications are taken as prescribed and finally a miniscule 15-20% are refilled as prescribed by the physician. Among new prescriptions for medicines used to treat chronic conditions associated with increased cardiovascular risk, such as hypertension, diabetes, and dyslipidemia, according to some estimates, one-third of all new prescriptions go unfilled. About 350 daily deaths in the US are attributed to lack of medical adherence, said Parpart.
Non-adherence to prescribed medications not only costs huge amount of lost revenue to the pharmaceutical companies and lost sales to the drug stores, but also it also burdens hospitals with readmissions and burdens the payers, in addition to the impact on patients. On account of non adherence, many patients suffer from bad health, and in many cases, particularly those suffering from chronic diseases, die early. Chronic diseases account for 70% of all deaths and are the leading cause of mortality in the United States. Patients who don’t take their medications as prescribed cost the U.S. health care system an estimated $290 billion. Non-compliance costs pharmaceutical companies $300 billion in lost revenues. Added cost to the society is $100 billion in preventable hospital visits and $350 billion in productivity losses. There is a huge opportunity here to reduce costs and improve outcomes. About 1 million unnecessary deaths can be prevented just within the United States this decade, with improved medical adherence, said Parpart.
So what are major barriers to medical adherence? Some of the major barriers include the complexity of medication regimens, especially in case of chronic diseases when the patient is often taking 9 to 12 medications multiple times per day; the occurrence of side effects, which are sometimes unknown to the patients; the cost of prescription medications; and poor communication and lack of trust between the patient and their health care provider. Just providing a planned opportunity for the patient to interact with the pharmacist regarding side effects and the necessity of sticking with the regimen greatly improves compliance according to numerous well-documented studies conducted by organizations such as the American Pharmacists Association.
Parpart and Gala shared the Impact Meds solution to this enormous challenge. They leverage technology with a cloud-based software platform, RFID, and offer an array of solutions that can be tailored and customized, starting with an opportunity for patients and pharmacists to register on their website with easy access for patients to get their questions answered and get pharmacist led counseling. Their solution is a combination of availability of medical information, easy access points for patient-pharmacist interaction, tools for caregivers, medical tracking solutions, tracking biometrics and purchase refills, and scaling it to have maximum impact in terms of lowered medical costs to society and improved health for patients. An important aspect of the solution is how it incentivizes pharmacists, physicians and patients through a combination of respect, regard and reward. Impact Meds is a recipient of 2012 Sanofi US Innovation Challenge Award, as well The Palo Alto Medical Foundation’s Developer Challenge. The presentation was followed by Q&A from an enthusiastic audience, with the event running over-time.