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July - 2014 - issue > CEO Viewpoint
Entrepreneurs should be Dreamers
Naveen Jain
Friday, July 4, 2014
Inome, is a provider of information-genome technologies which are the result of years of people-centric innovation. The firm is involved in various domains including people centric intelligence, technology platform, big data and others.

Entrepreneurs would find many of the world's biggest challenges as the biggest opportunities. For instance, let's consider our education system. The general conception is that the current education system is broken. I would say that it is not broken, but is obsolete and unsuitable for the present era. Therefore, the system presents enormous opportunities for entrepreneurs for disruption. The disruptions should be towards changes in the system so as to facilitate a collaborative learning environment, where students are encouraged to explore practical implementation of the acquired knowledge. We cannot achieve the results by copying others. What we need is an education system that is scalable and sustainable, where online information can be accessed, and present education methodologies are avoided. By doing so, we can hugely disrupt the industry and make it possible for all to access education.

The possibilities for disruption are there in many other sectors such as healthcare. The tablets are getting cheaper and it could be possible to own a tablet for a few dollars or even free. And, these devices could be equipped with censors which would, in turn, would be competing with medical professionals in diagnosing common ailments. This is not a future trend, and it is already happening.
The most striking factor about these features is that they are being implemented by young teenagers. They prove that with exponential technologies, individuals or a group of people would easily chase dreams and carry out activities, joining the league of larger organizations or countries where such activities take place. It is really fascinating for me to learn that with several technologies at your disposal, many things are on the cusp of a transformation.

Disrupting Trends

In the imminent years, the genetics, synthetic biology and space exploration would be the most disrupting trends.

If you look at the future of space exploration, it appears to be highly significant, as there is a lot happening around the idea that the space is abundant of things that are valuable or rare in this planet. The things could be water, platinum, diamond and so on. The prospect of bringing this abundance to our planet is quite exciting, and is sure to become a game-changer for the future. The future may see the humanity settling down in Moon or Mars, just like staying in Los Angeles, New York or U.K.

Further, it would be the biggest turning point when we would be able to predict how our brain would function in the next few years. Towards the future, decoding and reprogramming of human brain would become a possibility. And, with several concepts, which were earlier touted as science fiction becoming a reality, the whole system of learning is on the verge of a transformation.

Beating the Odds

An entrepreneur's success in the highly competitive business environment depends on tackling the challenges. In my view, the first requirement for entrepreneurs is to dream big. In fact a business leader should dream audaciously and chase them. The second aspect that prevents many from progress is fear of failure. Therefore, the second thing is removing fear of failure. As an entrepreneur, you would never fail. Your ideas may or may not work and just remember that a failed idea is nothing but a stepping stone to a bigger success. (As told to Anitha T.S)

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