Digital Economy Fast Catching Up in India

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Digital Economy Fast Catching Up in India

Chennai: Digital technology has brought in enormous changes in the
life of the people across the world and India is fast catching up on
that count, said Dr C Velan, Executive Director & Chief Executive
Officer, TRIL Infopark Ltd (Ramanujan IT City) while inaugurating the
3rd edition of FICCI’s DT3 Digital Disruption & Transformation Summit
2018 on the theme Automation and Digital Opportunities here on
Thursday.

Stating that digital disruption is the need of the hour, he said it
can help accelerate the country’s economic growth in so many ways in
that all stakeholders have a greater say in the use of digital
technology to its fullest extent.

Velan said that the realty sector had gained a lot after the use of
digital technology which was not so some 10 years ago as the sector
was disorganised at that point in time.
Calling for skill development even while using the digital technology,
he said the country’s infrastructure development depended heavily on
automation and other technological innovations happening from time to
time.

In his theme address, Rajaram Venkataraman, Convenor, Technology
Panel, FICCI TNSC & CEO, Veltech TBI and founder of Naviyainsights said that automation has taken
over the physical and virtual worlds adding new value to human life in
all possible ways.

He said that digital workforce has huge opportunities and India is all
set to become the automation capital of the world and the time has
come for us to reinvent our strategies to achieve that goal.

K Dinesh, Co-founder, Infosys, in his keynote address, said that
digital technology has the power to change the future as the world is
moving from information age to intuition age.
He said the technology has made the world flat and it is also very
pervasive in nature in that there is a possibility of using the
technology to edit human genes also.

He also said that digital technology has made things possible for
creation of more jobs, mostly skilled ones in various domains and
industries, both in India and abroad.
Recalling his association with Infosys as one of its founders, he said
that the foresight and wisdom the founders had at the time of the IT
company’s launch had paid rich dividends over a period of time.

Sara Greengrass, Political/Economic Adviser, US Consulate, Chennai,
said that the US and India always worked towards shaping the 21st
century, all for the betterment of the people of both the nations, in
the field of science and technology.

“Both nations have lots of stakes in various aspects of technology,
including areas concerning clean energy, agriculture, pollution
control and space technology, to name a few,” she said and added,
“The US has enormous stake in India’s economic growth with investment
opportunities in various fields of business.”

Ar Rm Arun, Chairman, FICCI Tamil Nadu State Council & Chairman,
Valingro Group, said the space organisation ISRO has made things
possible for taking internet connectivity to remote villages in the
country as also the inflight connectivity, all because of the country
embracing new technologies available in various areas.
He also said Amazon and Ali Baba have exploited the e-commerce
business to their advantage and have become market leaders.
He noted that e-commerce business has a large market share in India
and the time has come for the country to leverage on it.

Ruban Hobday, Head, FICCI Tamil Nadu State Council, gave an overall
view of the summit and the three sessions revolving around the
topics–Automation Technology and Trends, Digital Relevance and Impact
Across Industries and Automation/Digital/ Reskilling/Opportunities/Startups.

PLENARY SESSION 1: Automation, Technology and Trends
Session Chair: Mr. G. B. Ponmanivannan
Principal Technology Leader, L & T Technology Services
What do we do when machines do everything Mr. Manish Bahl
Senior Director, Center for the Future of Work, Cognizant
Analytics for winning advantage – Case studies from US Geography Mr. Mohan Shetye
CEO, Integral Information Systems, USA
The continuous disruption – your customer, they are divinely discontent Mr. Madhusudan Shekar
Head of Digital Innovation, Amazon Internet Private Services Pvt Ltd
Democratizing AI in Enterprises Mr. Balaji Sundararajan
Practice Manager – AI & Automation, Infosys Ltd
Lunch Break! Visit to the DT3 Exhibition
Plenary Session 2: Digital Relevance and Impact across Industries
Session Chair: Dr. C. Velan
Executive Director & Chief Executive Officer, TRIL Infopark Ltd (Ramanujan IT City)
Digital Contours of a Smart City Mr. R. Srinivasan
Executive Vice President & Head – Smart World & Communication, L & T
Digital Opportunities in Logistics and Supply Chain Mr. Sriram Narayanasami
Vice President, Maersk
Fintech Dr. V. Kamakoti
Professor, Department of Computer Science and Engineering, IIT Madras
Digital Disruption – A New normal: Redefines Security Landscape Mr. Vijayakumar Kumarappan
DGM Global Corporate Security
Tata Communications
Caffeine, Chai & Chatter! Visit to the DT3 Exhibition
Panel Discussion: Automation | Digital | Re-skilling | Opportunities | Startups
Moderator: Mr. V. Shankar. President, TiE Chennai
• Ms. Tanvi Ratna, Policy Counsel, Incrypt Blockchain, EY
• Mr. Krishnachytanya Ayyagari, Program Manager, Startup Cloud Ecosystem, Google
• Mr. Krishnan Swaminathan, Automation Solutioning Leader, IBM
• Mr. Shubha Kasiviswesvaran, Senior Vice President, HR, TNQ Technologies

About FICCI:
FICCI was established in 1927, FICCI is the largest and oldest apex business organisation which is closely interwoven with India’s struggle for independence, its industrialization, and its emergence as one of the most rapidly growing global economies. FICCI has contributed to this historical process by encouraging debate, articulating the private sector’s views and influencing policy.

A non-government, not-for-profit organisation, FICCI is the voice of India’s business and industry.
FICCI draws its membership from the corporate sector, both private and public, including SMEs and MNCs; FICCI enjoys an indirect membership of over 2,50,000 companies from various regional chambers of commerce. FICCI provides a platform for sector specific consensus building and networking and as the first port of call for Indian industry and the international business community.

Our Vision

To be the thought leader for industry, its voice for policy change and its guardian for effective implementation.

Our Mission

• To carry forward our initiatives in support of rapid, inclusive and sustainable growth that encompass health, education, livelihood, governance and skill development.
• To enhance efficiency and global competitiveness of Indian industry and to expand business opportunities both in domestic and foreign markets through a range of specialised services and global linkages.