HP and The Economic Times Enterprise Digital Transformation (EDT) Summit 2016 charmed Mumbai with its exuberant list of the industry’s best speakers from various sectors talking about the role of technology in developing and identifying new business strategies to make the most of future growth. The summit offered a diverse mix of engaging keynotes, panel discussions, where leaders of the industry and noted public figures like Karan Johar (film-maker), PP Choudhary (H’ble Minister for Information & Technology, Government of India) among others, came together to discuss the journey of digital transformation.
The Government also strongly believes in the need of digitization of commercial services. PP Choudhary (Honourable Minister for Information & Technology, Government of India) being realistic about the current scenario commented “For the policy maker, digital readiness means the ability to use digital technologies to reach out to citizens and involve citizens in the process of growth, separating the gap between the haves and have nots. We should think not only of Digital India today, but think of the opportunities presented by the Digital India of tomorrow. Not being digitally ready is not an option; Digital India is an imperative for our nation to be ready to face tomorrow.”
Also present at the event was eminent film-maker, Karan Johar who provided insights on the role of technology in digitizing the world of cinema. He added, “I’m one of the rare few people from the current lot of filmmakers who made the shift to digital editing, along with Aditya Chopra. There’s been a sea change within the film fraternity when it comes to using technology. I actually edited all my films using literally a scissor in hand, snipping and slicing film together. Technology means you can try fade-ins and blurs and after the initial excitement died down, we understood how to make the most of the technology that was here to stay. The whole change has been completely, diametrically phenomenal.”
The event not only consisted of the policy makers, but also the policy executors. Various sectors converged at the event, namely banking, power, trading, consumer technology, etc.
Ashish Kumar Chauhan (Managing Director & CEO, Bombay Stock Exchange), sharing his expertise in trading & dependence of technology & IT on their daily business kept the audience in awe of the art the BSE uses for its functioning. He divulged that BSE requires only 60 micro seconds for a trade transaction to be completed. In the coming years, Bombay Stock Exchange intends to reduce this time to nanoseconds, all with the help of enterprise technology. He explained, “Technology comes in waves, and over time those waves have become shorter. Now, those waves are hitting us virtually every day. Over the last 30 years, digital technologies have changed the world fundamentally. IT to me, is binding glue for the organization. Only the IT head knows everything about the entire organization since they work closely with each division.”
The Economic Times Enterprise Digital Transformation 2016 closed with felicitations to the key players of the industry, followed by a networking session among the speakers and delegates present at the event.