In an interview with the TechGraph, SugarBox Networks co-founder and CEO Rohit Paranjpe said, “Our goal is to reduce the amount of data accessible on the internet, freeing up bandwidth on current last mile networks. (telecom and ISP) so that cloud computing becomes more reliable and efficient for everyone.
Read the interview here:
TechGraph: What is the idea behind the creation and the journey?
Rohit Paranjpe: SugarBox is a Hyperlocal Edge Cloud technology platform that brings the Cloud to the user to make digital connectivity faster, reliable and affordable. SugarBox Networks is the world’s first Hyperlocal Edge Cloud platform that enables users, networks (ISPs, Internet infrastructure providers, etc.) and digital services (applications, websites, etc.) to harness the power local networks.
TechGraph: What do “SugarBox networks” look like these days?
Rohit Paranjpe: We simply took the cloud of huge data centers and miniaturized it into a small box, which can be installed anywhere (anytime) to access relevant applications, for audiences of all economic strata . The analogy is that of understanding how a power bank works. The technology is essentially what the power bank did to the electrical grid, functionally capturing energy in a small grid, which can be transported anywhere and used to charge devices (at any time).
This explains the main goal of SugarBox Networks – to provide reliable access to digital experience anytime, anywhere. The perspective here is that of the user who turns on the television and knows that content will be available, regardless of geography or economic viability.
We started installing Edge Servers in 2016 at locations where consumers are likely to access digital services (POIs). Today, we are present at multiple touchpoints including Hyderabad and Chennai Metro Stations, Central Railway (Suburban Mumbai), and we have also partnered with CSC e-governance to provide digital services to villages remote and unserved parts of the country.
TechGraph: How does dataless payments simplify financial processes?
Rohit Paranjpe: Consumer buying behavior, technological advancements, changes in government policies and regulations, strong growth in e-commerce, and the global proliferation of connected devices have all driven significant changes in digital payments. Financial inclusion is widely believed to improve and strengthen livelihoods, and it’s an area where innovative technology is making it a reality, through electronic payments.
Enabling fintech innovations at the lowest price to as many users as possible, while being location-agnostic, is what will fuel the growth of the payments industry. At SugarBox Networks, we are building a backbone for the Internet of the future, and we intend to use our technology to bridge the digital divide, across the country.
TechGraph: What do you think is the reach of hyperlocal CDN platforms like this in the Indian market?
Rohit Paranjpe: We are the world’s first made-in-India hyperlocal CDN, with the goal of making the internet accessible to everyone. SugarBox was created to solve a common problem in today’s B2B industry: unstable (digital) internet connections.
Although most internet users do not care about the source of their data, they face internet related issues in both urban (often) and rural areas of India. Basically, our goal is to reduce the amount of data accessible on the Internet, freeing up bandwidth on today’s last mile networks (telecom and ISP) so that cloud computing becomes more reliable and efficient for everyone.
TechGraph: Although it is difficult to make predictions, what do you see as the future of automation in the Fintech industry?
Rohit Paranjpe: Financial institutions are aggressively embracing automation to provide customers with a seamless and hassle-free experience. FinTech automation can be defined as the adoption of automation tools to streamline end-to-end financial operations. To automate their processes, FinTech companies need an enterprise automation platform that executes and controls their business events and delivers real-time results.
The automation requirements of FinTech companies differ from those of traditional banks and financial institutes. FinTech is known for providing faster and lower cost service compared to the service offered by traditional financial institutes, and automation can help them deliver just that. IT requirements for integration and automation are different for FinTechs. The growing technology landscape, automation and integration allow FinTech companies to accelerate and streamline their services.
TechGraaph: SugarBox Networks is working with payment gateway providers to strengthen its digital footprint. In the future, do you see more such engagements?
Rohit Paranjpe: SugarBox aims to give 425 million people access to financial technology by 2026. We have deployed our technology in areas of high consumer interest, such as villages, trains and subways, and we are closer to being present in flights, hospitals and other public gathering environments, in line with Digital India’s mission to connect the next billion users. The objective is to bridge the existing digital divide by giving everyone access to connectivity. We anticipate that 2022 will see growing partnerships within the FinTech industry.
TechGraph: What is the roadmap for SugarBox Networks?
Rohit Paranjpe: Our vision is clear: “to build the world’s broadest and deepest Edge Cloud platform to support the Internet of the future – of connected devices, people and things”.
As part of the growth strategy, we aim to reach 500 million users in India and other emerging countries by 2027. Building a framework that will eventually have the largest digital footprint – domestic and international – is possible because our model can easily be replicated for any market. Our solutions bring to life the experience of staying “digitally” connected, even in an unconnected environment, breaking the norm that one needs data connectivity to access information from the digital world.
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Interview with Rohit Paranjpe, CEO of SugarBox Networks – TechGraph
Source link Interview with Rohit Paranjpe, CEO of SugarBox Networks – TechGraph