Prasenjit (Jeet) is a seasoned entrepreneur and tech evangelist who has made a significant contribution to the innovation and platform engineering of the enterprise-scale M2M/ IoT and AI space. He is the Founder and CEO of Ranial Systems, a US-based startup initiative focusing on Cognitive IOT platforms to implement automated operations and asset management functions in smart Grid surveillance, Micro Grid/ Renewable integration, Advance manufacturing, and industrial Asset management space. Jeet owns global patents, research publications, and articles in the large-scale distributed architecture of IoT and Wireless solutions that converge the power of real-time cognitive AI with embedded systems and high-performance computing. The mission of the industry-focused R&D at Ranial systems is to drive inventions in advanced edge computing and Real-time process intelligence that address emerging challenges of large-scale green initiatives and renewable infrastructure deployment, Intelligent asset management, and cybersecurity threats. As the only global company offering Cognitive IoT solutions to industrial clients, Ranial is committed to driving continuous improvement in maximizing ROI, KPI, interoperability, self-healing, minimize downtime, and catastrophic failures using incremental learning and actionable insights.
Jeet has served global leadership positions in tech giants viz.; IBM, Wipro, Visa, UHG, Broadridge to drive innovation and thought leadership in digital transformation initiatives. He has played key roles in driving Enterprise Architectural initiatives in the emerging technology space in the last two decades. He has led start-up initiatives in unique cloud-enabled platforms(SaaS) leveraging human-machine collaborations. Under his able leadership, the global IT firms partnered with fortune 100 clients in the adoption and modernization strategies of emerging technologies, OT/ IT convergence, and SOA best practices.
Jeet has contributed to open source technologies, industry-specific assets/frameworks, and platforms. Jeet has managed large global engagements, strategic business planning for budget allocation and fund-raising initiatives and, exposed to Global IT practices and business cultures across three continents (US, EMEA & AP). As a Senior executive in medium to large corporations, Jeet has strategized, led the Technology center of excellence in Enterprise Mobility, Advance Analytics, and Wireless space. He played a major role in rolling out innovative products in renewable asset management infrastructure, WIP tracking, and Enterprise middleware serving global clients and IT organizations for over a decade.
Jeet is awarded as CTO of the year by Corporate America, New York, and best CEO leading Business transformation by TMT News, UK. He is a Senior Member of IEEE and serving various global leadership and nonprofit organizations like Top Tier Impact, Society of Risk Analysis, Asociation of Computing Machinery, etc to promote R&D and innovation in sustainability and emerging technologies.
Where did the idea for Ranial Systems come from?
The rapid adaption of the Internet-of-Things (IoT) has created widespread disruptions in our social and corporate ecosystems. In the world of ‘new normal, the endless opportunities with both business and social transformations are facilitated through billions of sensors seamlessly interacting with each other. The massive influx of data and events across the value chain demands responsiveness, and real-time operational intelligence to gain actionable insight and mitigate the risk of failure. Ranial Systems is established to design and implement an IoT platform that can converge the power of AI and edge computing to diffuse cognitive intelligence, perceptions, and neuromotor capabilities at the point of action. The adaptive process of unsupervised learning in the gateways, controllers and sensors offers autonomy and process automation to perform the intuitive operations with no or limited human intervention. As the needs for improved energy grid surveillance, sensing and managing disaster ahead of time, avoid unplanned shutdown, extend preventive care or life support to a critical patient or, protect mission-critical infrastructure from cybersecurity attacks, the IoT system should leverage real-time intelligence to gain situational awareness and act proactively. Our patented platform translates the conceptual framework of such a cognitive IoT platform into a tangible solution offering for 21st-century organizations. Our mission is to offer the power of such innovation to organizations of any size or scale.
What does your typical day look like and how do you make it productive?
I am an early riser. Start my day with a quick yoga and mediation session followed by reviewing my planned activities and quick email follow-ups. O start my work by 8:30 and make sure I spend at least 30 minutes with our product engineering team to understand the progress/roadblocks with our R&D initiatives. I usually have a long day of work most of the time. However, I set aside an hour for personal research/ study of various topics around social, scientific developments. Weekends are usually relaxing and prefer to spend some time organizing my calendar immediate priorities, listing music, and painting to rechange myself for another exciting week ahead!
How do you bring ideas to life?
We have been nurturing a broader impact of an intelligent IoT platform. We promote out of box thinking to understand the strategic imperatives across industrial, cleantech, and healthcare domains that demands inelegant automation. The initial proposals are further evaluated by the subject matter experts with our network and other credible sources of information. We usually develop a Proof-of-concept with the identified usecases and perform lab testing before we release those as our unique offerings.
What’s one trend that excites you?
The consensus and drive towards sustainability and promoting green initiatives. We may not solve the problems in one day. However, the processes of transforming the energy ecosystem, corporate and public infrastructure are shifting focus to a better world for all of us. The goal of our next-generation innovation and product engineering initiatives is to accelerate the adoption of green technologies and support the novel cause of sustainability.
What is one habit of yours that makes you more productive as an entrepreneur?
Don’t stop until the goad is reached.
It takes lots of effort, patience, and courage to shape any innovative idea into a compelling product/ solution. I have not compromised on the quality and impact of my contribution as an entrepreneur and professional. Success usually comes with lots of struggle and hardship, but makes me learn at every stage of my life, and ultimately leaves behind a sense of accomplishment.
What advice would you give your younger self?
It is important to nurture creative thinking towards your professional or entrepreneurial commitments. Setting a goal to accomplishing something beyond obvious is an attitude that gets built through practice. As long as we stay focused on our goals, we would always achieve the most desired success in our life. There is nothing called an absolute failure. Each failure contributes to our learning and enriches our personality and expertise that the world would benefit from.
Tell us something that’s true that almost nobody agrees with you on.
The success achieved through an easy path or an attitude to explore a route to easy win would ultimately chock the progress of an individual in the long run.
As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?
Keep myself updated with most recent development in technologies and research that is making a significant impact to our society and enterprise.
What is one strategy that has helped you grow your business?
Stay focused on the ultimate goal of your product and/ or solution and at the same time, have an open mind towards realigning the offerings to stay relevant to the market needs.
What is one failure you had as an entrepreneur, and how did you overcome it?
I have spent a lot of time securing a comfortable amount of cash/investment to run my startup as an ideal corporation. I realized that I was carried away with a mature state of branding and corporate profile. At some point, I turned 180 degrees to start building small with our core team and gradually grow our footprint over time.
What is one business idea that you’re willing to give away to our readers?
We are flooded with information on social media. A unique platform to aggregate, screen through the bogs, audio-video contents on lifestyle, healthy living, remedies, etc. and provide unique search functions to avail such contents that are speeded over multiple social media channels. We do have access to abundant content on the web however, access to the most relevant ones for our preferred lifestyle and healing requirements are not available to us when we need those most.
What is the best $100 you recently spent? What and why?
I bought few starter kits on Robotics to pay for and experiment during my spare time. As the sensors and actuators are becoming an integral part of our life, I wanted to create some simple projects for middle school / high school students to simplify the learning of such technologies, relate those with real-life problems and, get them prepared for the next generation innovation.
What is one piece of software or a web service that helps you be productive?
I find Google Scholar a very useful portal to search innovative research and development hosted by multiple publishers.
What is the one book that you recommend our community should read and why?
“Good to Great-(Why some companies make the leap and others don’t).” (2009) by Collins, Jim.
The book delivers a powerful message to every one of us on how to set our objectives and priorities that can help us to achieve the ultimate goal in our life. How to stay motivated and finding such a source of motivation are the toughest puzzle in our life and, the books will throw some light on how to mold our thoughts and actions to trach the path of ultimate accomplishment.
What is your favorite quote?
I am sharing two of my most favorite quotes :
“The most profound technologies are those that disappear.
They weave themselves into the fabric of everyday life until they are indistinguishable from it”- Weiser, M.
“The way to get things done is not to mind who gets the credit for doing them.” – Benjamin Jowett
- The success through invitation demands a strong understanding of the right time to introduce the offerings. The world around us should be in a position to apricate its value frames.
- It is important to look beyond our comfort zone of technology and/ or business domain to identify a unique scope of innovation. The statuesque bias and confinement within the innovator’s dilemma are the most common enemy for entrepreneurs. Refrain from being overly optimistic, apply critical thinking determining the best alternative, and prioritize your course of action.
- Rely on a team-oriented leadership. While focusing on your core strength, find partners and/ or associates who could drive the functions you are not quite competent in leading from the front.
- Establish clear communication at every level of your association.
Steve (Stefan) Junge hails from Germany and helps with the day-to-day publishing of interviews on IdeaMensch. While he and Mario don’t share a favorite soccer club, their enthusiasm to help entrepreneurs is a shared passion.