"IoT and Start-up ideas are most spoken buzz words in today's technology business particularly in high tech cities/ecosystems. Academic Institutions, Government Research Institutions and large Corporate Enterprises, all speak the same language and keywords like Venture Capitalists, Incubations, Co-working spaces, Accelerators and angel investors fill minds like never. However, does our culture and deep rooted beliefs support it or these are mere hype all around and herd mentality soaring. This article takes a closer look"
- Internet of Things (IoT) is system of systems and truly interdisciplinary in nature involving not just cloud technologies, hardware, software, some business sense, finance but deep rooted technology challenges if the start-up idea involves a sensor/sensor networks or actuators in their solutions. Many a times, young minds unaware of what is thrown in the market as sensors or actuators may not be meeting their requirements as assumed or envisaged get surprised later that the whole business case is jeopardised because of ignoring essentials of their key elements sensors/actuators. This is an empirical data that the failure due to this ignorance/ intentional oblivion by experienced ones in IoT entrepreneurs community is very large. This is because of their desperate need to succeed in small span of time due to peer pressure of more successful ecommerce based startups or other much more easier but rewarding initiatives in terms of finances and time to succeed.
- Easier said than done. What measures are being taken by ecosystems of start-up initiatives to address this problem ? Unfortunately, none. There are so many stakeholders and infrastructure enablers supported by government bodies or large corporates in significant numbers but they are yet to make any significant impact. I am hopeful they will make the desired impact one day as the young and energetic minds coming out of tech institutions (fresh or drop outs), primarily inspired by global entrepreneurial leaderships like Steve Jobs and Elon Musks are unstoppable. The only concern could be that governments and controllers in the regions of concern should refrain from being hindrances if not facilitators in true spirit. However, good news is that the very culture of honesty, transparency and teamwork is flooding rest of the world thanks for proactive nature assisted diffusion of social mindset from regions where it existed for long time towards less fortunate regions is happening in irreversible fashion.
- Start up coaches with clear agenda of serving the community in sufi fakir model with their human values and socio spiritual nature at forefront are needed as need of the day. As there is scarcity of such leaders in larger densely populated regions of the world, and hence the opportunity. The rich availability of technically sound and enriched technology experience in Bangalore and like cities who can address hard core tech challenges is a boon we are living with but unutilized. Technology integrators and human skill orchestrators joining hands together are bound to revolutionize the entrepreneurial landscape in Indian subcontinent and adjoining area.
- There are no problems in the world that we can not solve if our dreams and corollary thoughts are aligned with nature's laws and value system in alignment with the same. The author intends to coach and do hand holding for select entrepreneurs and tech enthusiasts in their journey of success if they have traces of spark still alight in them towards entrepreneurial drive. You may want to visit and keep an eye on www.vijaymishra.org or on this linkedIn page.
- Simplicity of ideas, their execution in simple ways is trait of simple characters. Hence, simplicity of entrepreneurs those who do not necessarily get influenced by tech jargons do better than those who profess entrepreneurship all their life as academic exercise and suck money from tax payers. Welcome to all who are to be part of super 50 by 2024 !
