The third day of the International Research Colloquium commenced with Dr. Prashant Pansare, Founder & CEO – Inteliment Group and Rubiscape Pvt Ltd. He has been a former chairman of the Indo-American chambers, whereas he was also invited to the global partner ethics Advisory Council by Sound Lab USA. Sir holds the D.Litt honorary in Data Sciences from George Washington University, a triple MBA, and a background in mechanical engineering. Dr. Prashant is currently pursuing a Ph.D. in Innovation, Incubation, and Management. Along with this, he also serves as a mentor and advisor to many start-ups in the country. SCMHRD is very grateful to him for his knowledge-packed session on the topic, ‘Digital Disruption and Innovation. ‘
In his brief presentation, Mr. Pansare highlighted the importance of digital transformations in terms of data democratization, taking place across the globe in the past few years and post lockdown, and how India is on the path of becoming the world’s fasted reviving economy. He pivoted upon the 3 W’s of the business world – work, workforce, and workplace which have undergone tremendous changes in the past two years in light of the technological and digital advancements due to the COVID-19 pandemic.
He spoke about the amalgamation of technology and human intellect; the simulation of human resources and digital disruptions have changed the way people previously worked.
Expectations and demands have changed. The United Nations has defined this amalgamation as a future skill where the Top 5 skills can be noticed to be digital skills. This has brought about a change like a workforce across the globe.
Workplaces have undergone tremendous changes when shifting to work virtually, where manufacturing processes have become automated through IoT and AR/VR.
Sir very passionately spoke about how the technological and digital disruptions have shaped the world for humans to move forward faster than ever. The world of data science and innovation is changing, he said. Changes that could not have been anticipated in the coming ten years have succeeded at providing comfort and ease in 8 months.
Dr. Prashant laid stress on a few examples from Amazon, Airbnb, and Uber. He spoke about ‘Asset Light Business Models,’ i.e., customer experience has been redefined by bringing services to them in a way that involves no production cost. Organizations are now selling services and products without having a manufacturing unit or brick-and-mortar setups.
‘Innovate or Die,’ he pressed. If a business model is not receptive to innovation and meeting the customer requirements, it must be ready to fail.
Towards the end of the session, Mr. Pansare was very kind and patient enough to answer the questions posed by the students and the scholars. The event gave the audience a comprehensive view of developments in the digital era.
At the second session of day 3 of the International Research Colloquium, Dr. Suresh Renukappa, Associate Professor, Faculty of Science and Engineering, University of Wolverhampton, UK, addressed. The Symbiosis Center for Management and Human Resource Development praised his discussion on “Towards a More Just, Green, and Healthy Future.”
Dr. Suresh Renukappa spoke about change and resilience and how cities may remain resilient in adversity. Uncertain times, such as Covid 19, provided an opportunity for national governments, urban planners, civil society organizations, and local people to explore realistic solutions to an unprecedented combination of issues. He underlined the importance of cities as places where remarkable transitions take place. Smart cities, he argued, are the paradigm of progress in the modern world. The Smart Cities Market is forecasted to be worth more than GBP 900bn by 2025, equivalent to GDP’s 12th largest nation on earth.
With the increase in population migrating to cities, the extent to which the shared reasons would increase. Thus, there is a need to plan the usage of these resources carefully. The conversation moved on to cities, pandemics, and how infrastructure should be designed to combat such disasters in the future. Change is the one constant that must be acknowledged to continue onward. All systems should be transformed due to the difference being absorbed, accepted, and accepted. The shift of the school system from offline to online was used as an example.
Dr. Suresh Renukappa quoted the Covid-19 pandemic as an ‘unfortunate opportunity. He mentioned that smart cities cannot be a one-size-fits-all and should be tailor-made. One needs to identify key strategies and priorities corresponding to each city and work accordingly to design the smart city’s blueprint.
He also focused on how digital technologies are necessary but insufficient in the current world. Digital transformation is an enabler but not a solver. Our country is youth-dominated, and in the upcoming years, all the current youth population will enter into their old age. Therefore, the way healthcare systems work should be changed. Smart ways of delivering health care services should be looked into. Quoting this, He mentioned how smart cities should be future-ready. Cities must be ready to deal with adversity. These dangers may also represent a new opportunity to re-energize regional economies and develop new technology. Covid 19 is a chance for city planners to consider these societal issues. It functions as an enabler, allowing the process to move more quickly. Later, a case study of Edinburgh smart city was examined, revealing that the city had 86,320 tonnes of recycled garbage, 15.6 million visitors, and 1.5 billion pounds. This is the change that tech-enabled smart cities can bring in and work towards a better society. Bengaluru was cited as another example of how it dealt with the epidemic and used technology and data to overcome an unforeseeable problem.
At the end of the Q&A session, a concern was raised about dealing with future uncertainties if data is not available, investment and funding, establishing resilient smart cities, preventing reverse migration, and the role of government in the notion of smart villages.
Both the sessions proved to be truly engaging packed with knowledge, and SCMHRD is thankful for the input from both the dignitaries of Day 3 of the IRC.
-Management Committee, SCMHRD