One of the foremost homegrown names in IT space in Odisha, In2IT Technologies, a company led by Rudra Shankar Satpathy is on its way to be a globally acknowledged player. The company counts ‘Artifical Intelligence’ and Blockchain Technology as the next disruptions in technology. Excerpts of a chat with the Interview Times:-
- You are a leading name in IT consultancy. What emerging areas does In2IT Technologies wish to tap in the future?
Answer:In2IT is aggressively working on adopting new technologies. With the prospective demand of machine to machine learning, deep learning, we envisage Blockchain and Robotic Process Automation to be two of the important emerging technologies worldwide and we have already geared up to fulfill the demand.
Cyber security is a major concern for the IT ecosystem as a whole as we are walking towards a digitally-driven world where technology plays a crucial role. With the development of Cloud as a tool to store big data, enterprises are meeting the IT infrastructure needs at a faster pace.
Artificial intelligence, a disruptive technology has become a prominent part of our lives and yes, it’s around us every time, everywhere!
The world is walking faster than ever before. In order to match the pace, we have to adopt the technological changes in order to drive the business growth in every sector of the industry. As an attempt to break the conventional chain, IT security firms are moving beyond traditional security software to help customers protect against a wider range of security threats, which is the need of the hour.
- Whom does your company count as the top clients- both domestic as well as overseas?
Answer: We have as one of our US clients who is the 5th largest food company in the world. We have done IT roll out and we provide support in 10 countries including Brazil and Russia. In oil and gas sector,we have one of the biggest engineering company in US. In 2016, they came to India and after doing due diligence selected 3 companies and we are one of them. We have played a major role in two big smart city projects in South Africa. These are all multi-year deals ranging from 7-15 years. In addition, we are working in Public sector units, government departments as well as mining and manufacturing sectors.
Moving forward, we continue aiming for the mid to top names in various sectors of manufacturing, metal & mining, BFSI (Banking, Financial Services & Insurance), telecom, oil & gas, healthcare as well as retail. For us, the Government sector is another big opportunity both in India as well as in the international arena.
- Do you reckon Internet of Things is an emerging concept in India?
Answer: Definitely! It is an emerging concept in India and with the improvement in IT infrastructure such as basic connectivity and high broadband speeds it will support and enable that growth.
Internet of Things (IoT) is dependent on Internet speed and 5G that represents the next generation of mobile networks will start to become commercially available in 2020. 5G will include both an evolution of today’s LTE in addition to new radio access technology.
It will also connect a growing number of devices, enabling exciting new IoT use cases. This will not only impact consumers, but also the whole lot of industries that are increasingly leveraging both automation and mobility to transform their business. 5G’s unique combination of high-speed connectivity, low latency, and ubiquitous mobility will support smart vehicles and transport infrastructure besides others.
- What is your take on the Blockchain technology? Do you think the time is ripe for crypto currencies to take over?
Answer: In 2017 Blockchain Technology was in immense adaptation in India while globally also it is impacting all the industry verticals. I believe Blockchain will disrupt industries in a way we have never thought of by making the system more transparent, more robust, decentralized. In India, Q1 2018 will see a rise in adaption of BlockChain technology by different governments.
As for Cryptocurrency it’s one of the by-products of BlockChain Technology and though it has some relevant use case build around it the adaptation of the ecosystem of Cryptocurrency will take some time till all the government have an understanding of it. No doubt Cryptocurrency has revolutionized the way we do transaction, not just in the financial space but also in other assets. And by using a token system we are able to change the way we do the transaction.
Hence BlockChain will change the ecosystem very soon and we at In2IT will ensure we are the early players in the industry.
- Is Artificial Intelligence going to be the next big disruption in technology? How are IT companies, especially In2IT Technologies preparing for the next wave of change?
Answer: Yes, technology moves at a breakneck speed, and we now have more power in our pockets than we had in our homes in the 1990s. Artificial intelligence (AI) has been a fascinating concept of science fiction for decades, but many researchers think we’re finally getting close to making AI a reality. Artificial intelligence is one of the hottest new technologies on the block, and entrepreneurs are rushing to get a solid understanding of what it means for them. It is predicted that AI bots will power 85 percent of customer service interactions by 2020 and will drive up to $33 trillion of annual economic growth. Artificial intelligence and machine learning have the potential to disrupt virtually any industry that stores data. Today, one would be hard pressed to name an industry that does not.
In2IT is been keenly working on many solutions based on future tech. CATS Dashboard is one of them, that has AI based chatbot component and is voice enabled built to answer queries based on ITSM raised by the user. Apart from this RPA, regarded as a diverged vertical of AI, is another practice that In2IT has.
- Networks of late been vulnerable to malware attacks. Do you have customised solutions to check such threats to confidential data?
Answer: Malware attack needs more awareness rather than solution. If there is a proper education and awareness of how it all works, I think a devastating situation can be averted. Having said that I would like to add that In2IT has a dedicated team of specialists who work on providing and updating customized solution to any business that requires them.
- With Bhubaneswar being adjudged the No.1 Smart City, do you have some smart solutions for projects to be implemented under the initiative?
Answer: In2IT has been fortunate enough to have already provided solutions for various other states for their smart city projects. One of the example being the state of Rajasthan where we have provided all kinds of smart city solutions for a pilot project including smart lighting, smart parking etc. Again, we have played a major role in two big smart city projects in South Africa. These are all multi-year deals ranging from 7-15 years. Our experience and expertise in rolling out such projects have helped us gain insights which can be used in implementing in our client projects.
In addition to the above, we have also created a world class smart city demo set for one of our clients in India so that big clients like the Government can have an understanding of what solutions are available for smart cities. More are in the pipeline and we are excited to look forward to that.
- Can you share some upcoming plans of In2IT to reach in a Global stage which is well expected after your company expected to cross turnover around Rs 1000 crores this financial year?
Answer: In2IT has been one of the fastest growing IT companies in Odisha which has inspired us to cross the Rs 1000 crore mark in revenue in the next 5 years. Touching that mark in IT is not a big deal but to run a Rs 1000 crore company successfully, I think I have that capability built within me that needs such organizational foundation. Moreover, the conviction has only multiplied because of the leadership team that we have hired who have joined In2IT seeing our capability. We have hired from all tier-I global companies and the conviction that I have I am 100 percent confident that we will achieve our goal.
Year-on-year we have been not only adding new technology solutions to our portfolio but also expanding to newer geographies to capture prospective markets. In the last couple of years, we have been expanding in newer markets of Middle East, Kenya, Australia and United Kingdom. We plan to open up offices in at least one new geography each coming year.
- How do you see the state government is committed to take up IT industries at large in the evolving digital era or do you find some loopholes in their approach?
Answer: There is no doubt about the state government commitment or the state would not have been adjudged as the number 1 Smart City in the first place. The initiative by the government to loop in one of the big names in IT and invite them to open up global training centre etc is a welcome step. Odisha e-Hospital Management Information System is another case in point.
- Being a top leader in this field what’s your personal regime?
Answer: Personally it has been a great journey so far in establishing the organizations footprints not only in India but also abroad. Being in the field of IT for nearly two decades, my engagement has been in aligning In2IT’s vision and creating dedicated leadership team in building and aligning solutions to clients across multiple geographies. With a highly dedicated team of professionals, we are growing steadily across geographies and have expanded in India, South Africa, USA, UK, Australia, Kenya, UAE and Singapore within a short span of time.