Date(s) - 03/29/2018
5:00 pm - 7:00 pm
Design and Management for Life-Cycle-Security of IoT Devices with Special Emphasis on Medical Devices
The connectivity and computational capabilities are transforming the way we do things. Almost 50 billion devices are slated to connect by 2020 under the Internet of Things (IoT) trend. The trend offers promises to enhance our lives in many ways, impacting every industry via delivering both efficiency and effectiveness. For example, the full potential of IoT in healthcare is expected to yield $60 billion of value in the US. Various studies suggest that connecting medical devices (i.e. IV pumps, vital sign monitors, ventilators, etc.) to Electronic Medical/Health Records (EMR/HER) system could release up to 8% of nurses’ capacity from administrative tasks such as charting data – Efficiency; it also helps prevent about 800 human data entry centric errors daily in typical hospital – Effectiveness.
This exponentially increasing connectivity also raises concerns around cybersecurity; more connected Things means expanded attack surface for hackers! A recent study published by HPE showed that 70% of IoT devices contain serious vulnerabilities. While much efforts have been devoted to Information Technology (IT) security, the following areas have to be addressed in an accelerated manner:
- Operational Technology (OT) Security: The cybersecurity of operational devices (e.g. medical devices in healthcare, flight controllers in aviation, automation system controllers in plant automation, etc.) have to be addressed in an operational environment based on the individual industry specific regulatory needs. The operational processes have to evolve to address these IoT devices.
- Design for Security: During the product development process, “design for life cycle security” practices have to become common practice just like how life cycle maintenance support is for products.
The session will address some of these topics using examples from healthcare and medical devices.
Pranav Patel is a results-driven Executive with a strong background in growth
acceleration, business transformation, and change leadership. He has gained
experiences managing product, services, and software (SaaS) businesses across
multiple industries including Healthcare, Aviation, Energy, Batteries, Manufacturing & Automation Systems, and Wireless / Semiconductor. Pranav has led start-up of half a dozen businesses and possesses a strong international background.
Most recently, Pranav served as the General Manager of GE Healthcare’s $2.5B
North American services business, where he led the turnaround of the business
and started a Clinical Networking and Cybersecurity services business. He was
the Global Chief Marketing Officer for GE’s Aviation Systems business where he was responsible for leading strategic planning, product and customer marketing, and portfolio strategies to allow profitable growth. He led launch of a new airline operations optimization software business — ranked # 1 in the World’s Top 10 Most Innovative Companies in Big Data (2014) by the Fast Company; he also led divesture of some non-core businesses.
Pranav also worked in GE’s Transportation business, where he led start-up of the new Energy Storage business for GE. He held Strategic Marketing leader role in Aviation business from ’06 to ’07 where he was instrumental in developing “beyond the engine” strategy and led acquisitions ($4.8B) of Smiths Aerospace and Walter
Engines as well as strategy for formation of the Nexcelle, a JV with Safran Group.
Pranav came to GE from Siemens, where he held various operations, supply chain and commercial roles. Prior to that, he was involved in a start-up of a wireless systems and integrated circuits (IC) company.
Pranav holds a bachelor’s degree with honors in electrical engineering from the University of Illinois @ Urbana – Champaign, a master’s degree in electrical and computer engineering and a second master’s degree in industrial engineering from the Georgia Institute of Technology. He later finished his MBA degree from the
Georgia State University. He has co-authored six patents.
Pranav is a board member in Centum Electronics (India) and Adetel Group (France).