BANGALORE, Jan 24: Just as US President Barack Obama boarded Air Force One with wife Michelle on his 3-day visit on Saturday, another event in Bangalore “American Bazaar Conclave 2015” kicked off focusing on “Information Technology” in the IT capital.
A contingent of IT professionals, venture capitalists and US immigration experts descended on Bangalore to participate in the second annual conference being held to ponder the issues and challenges faced by Indian tech professionals, students and visa seekers.
In his key note address at the event, Rey Ramsey, a look-alike of Obama from Washington DC and Managing Partner of IECP Ventures, recalled his garage-based start up to his current stature of providing help to new ventures.
In his highly motivating speech to the audience, Ramsey advised the start ups not to loose heart but follow a smart strategy of people-product-market oriented approach to withstand and succeed. Revealing that the government-funded IECP Ventures is providing seed money to nine ventures at the moment, he said a new Electronic Bike venture is one among them and in the pipeline.
Brushing aside the argument put forward by many IT honchos against the free Internet ad-based service model, he said the massive reach of free model should overwhelm the benefits than driving the governments unilaterally imposing a taxation regime.
Opening the morning session, Pramod Singh, Director of Digital and Big Data Analytics, HP Global Analytics, said, “Innovation confined to big laboratories in the past is no longer viable but it is seeping into the business processes by minor players in the form of analytics.” He said holders of Ph.D. or Microsoft or Cisco certificates are passe. “Depth counts, not breadth in analytics,” he noted.
Another speaker Atikem Haile-Mariam, Vice President of Opterna, a Virginia-based firm, reiterated similar views and pointed out the benefits of starting start-ups now when the costs of internet and other accessories are at their minimal rates and available to all.
Dr Satyam Priyadarshy, chief data scientist from Houston-based Halliburton, gave an in-depth vision of ensuing cyber security challenge to the IT world. By 2020, about 60 billion devices all over the world will be facing cyber attacks and the grim situation that cannot be predicted should be anticipated nonetheless, he noted.
Javad K. Hassan, another successful Indian-origin American and chairman of NeST Group, advised the younger generation to strive hard to identify business potential in IT-centric field.
Sheela Murthy, another Indian American with roots in Bangalore, who has made it big in the US with her Murthy Law Firm gave an overview of issues faced by Indians while applying for US visa and said the latest Executive Action announced by US President Obama on immigration should help many Indian spouses and students in the Country of Dreams.
Other speakers included Sanjay Mittal, CEO of eHealthObjects Inc, Mohammed Yaseen, Bangalore-based director of Capgemini, Sachin Rajgire of UCTek, Ashwin Saboo of ANGARAI, Kirit Udeshi of Innovative Networking Solutions. Robinder Sachdeva of New Delhi-based ImagIndia Institute moderated most of the panel discussions.
Upbeat on the success of the conclave, Asif Ismail, founder of American Bazaar, said the annual conference will strive to bring every year the successful Indian Americans closer to the homeland.