The document discusses the experiences and insights of Dr. S.G. Deshmukh, emphasizing the importance of empirical research and its balance with theoretical modeling in education and consulting. It highlights the evolving nature of PhD programs, their objectives, the skills developed during the process, and the role of interdisciplinary research in addressing industry needs. Furthermore, it addresses the challenges and opportunities in academia, urging a continuous learning mindset and collaboration in a technology-driven world.