Hyderabad: Data is new currency said Chandra Mohan Malladi, TCS

Hyderabad: "Today, the world is all about, whoever is having highest number of the trademarks or the patents are the most valid people. Rs 100, 500 notes are not the currency. The currency is the data. Whoever has got huge amount of data is basically the richest guy and the second one is Intellectual Property Rights (IPR)" said Chandra Mohan Malladi, Head Business Strategy – Indian Business, TCS.

He was the chief guest for inaugural session of a two-day technical fest 'La-Elvitia 4.0'. It was organised by Innovation Center of GITAM Deemed-to-be University, Hyderabad on September 20-21. More than 500 students from various engineering colleges and universities registered for participation. There were core technical events such as Hackathon, Project Expo, Satellite Robotics, Workshops, Coding Events, fun events like online games like helped kindle the spirit of sportsmanship and learning among the participants.

The Chief Guest said that one's performance is based on ability to take wise decisions and ability to say what is good and what is right. 'DBA and networking jobs no longer exist within the organisations of services, the reason is all the jobs have moved to cloud. So the people are not setting up the data centers and they are looking to subscribe the cloud' he narrated the present scenario. In the new era, IOT is coming into every area and Artificially Intelligence and Machine Learning too. So, learning is key for success, Chandra Mohan concluded.

Prof N Siva Prasad, Pro Vice-Chancellor presided over the program and exhorted that the ability to apply the fundamentals for the required problems is essential for success. He added that the skill will come only by practice and the practice comes only in the academic institute.

The welcome note was presented by Prof. P.Trinatha Rao, Coordinator of IC. DVVSR Varma, Resident Director; Prof. A.Sreeram, Director, Student Affairs were also took part in inaugural session. IC Member G.Lohita proposed the vote of thanks.