The electronics ecosystem in India has witnessed strong growth in terms of growth drivers and investments. In this exclusive interview with The Electronics, Faisal Kawoosa, founder and chief analyst, TechARC, discusses emerging technologies and how these developments are affecting the electronics sector.
Q: You have covered a spectrum of technologies in your career in varying capacities. Tell us what’s happening on the tech-front; leading, emerging, and dwindling technologies.
If we look at the overall technology sector right now, the buzzwords involve IoT, AI, ML; all these are emerging technologies. There is one essential point. Probably, we are trying to have value-driven technologies. Any technology which is offering value – like electronics or digital – is coming to the forefront. If we try to understand this development in terms of machine learning, there is already a lot of technology that are the building blocks. Machine Learning is helping in extracting further value from these blocks. Similarly, data analytics, IoT, AI and even blockchain, are emerging technologies that are helping us to extract value.
Q: Convergence as a concept as we understand, and understood a decade ago, refers to the integration of independent technologies for forming something new. We saw smartphones-it’s integrating phone, camera, music player, tv and of course most of what we do on a computer. If you may share, what’s big happening with traditional electronics or is the likely trajectory or trends in the context of general consumer appliances.
Electronics convergence, as we look at, happens at three layers – devices, services, and the use-base convergence. In the ecosystem out there in the digital, they look for use cases. The customer-centricity is in focus and that’s deriving convergence. Everyone in technology is aiming at individuals and trying to find what all can converge to create a super-provider. On the electronics front, we are trying to make electronics more intelligent, complimented with connectivity.
Q: In the tech-framework, we have already been talking about the digital divide. With the pace with which the change is creeping in, do you see it as grave a concern as economic well-being?
I see it as a big concern. We may not see much of the digital divide in the context we use to talk about. The quality-driven and value-driven technology are creating a new challenge. There is no digital equitability. We are living in areas where we have too many options to choose from. This offers me an ideal position, gives me options. A majority of people can’t make this call. They go about with what is available. This is what I term as digital dis-equitability. How do we bring this to equilibrium is a challenge.
Q: So far, data privacy concerns involve mostly our profiles and our actions online. With IoT likely to seep into our private spaces, a new dimension gets added to the already existing debate. What are the opportunities involved in these new data streams for businesses? Also, can consumers gain from this shift?
There is a lot that the consumers can gain. However, on the privacy front, the biggest issue is how you bring in the element of trust. Somewhere, we are lacking confidence. However, this is a very big opportunity, which, perhaps, the unicorns of the world will explore.
Q: What, to you, are the electronics of the future?
The electronics of the future will be more about efficiency, less on consuming power, further shrined. Electronics will be the meta resource. What’s mechanical, will no longer be mechanical. Also, the software will add value to the electronics.