International Research Colloquium 2022 Day 5

Dr. Ganesh Natrajan, Chairman and Founder, 5F World, and co-founder of the global talent track, Kalzoom Advisors & Center for AI and Advanced Analytics, spoke during the first session of day 5 of the International Research Colloquium. His talk on “Succeeding with Digital” was highly appreciated by the Symbiosis Center for Management and Human Resource Development audience.

Dr. Ganesh Natrajan thinks about “Succeeding with Digital” as a business imperative. He discussed the digital storm, the digital age’s contours, and the influence of digital transformation on various businesses. He opined that it benefits all other industries, including retail, insurance, e-commerce, manufacturing, finance, and healthcare. If one has to conceptualize the digital movement, Dr. Natrajan said that this is how digital is moving. For example, Amazon earlier started as a bookseller and now moved to e-commerce, web service, OTT, etc.

He emphasized the importance of new digital business models such as the Cost Model, the Experience Model, and the Platform Model. He highlighted how leading companies leverage data and analytics to improve core operations and launch entirely new businesses. Leveraging various technologies such as the SMAC stack, IoT, UI-UX, Block Chains, Third Wave – Computer Vision, AR – VR mixed reality, 3D Printing, Future Waves – Quantum Computing, and 5G, Augmented Collaboration, and Metaverse is the crucial factor in propagating digital.

After that, he discussed the opportunities in the next normal, the DARQ world. DARQ refers to D -Distributed Ledgers & Blockchain everywhere, A – AI reimagining the future of work, R – Reality which will be a mixture of Virtual, Augmented, & now Metaverse, Q – Quantum Computing & 5G.

Dr. Natrajan spoke about Ambidextrous Innovation, Employee Innovation Networks, and Open Innovation as the three main ways companies innovate. Customer journeys are visualized at every point of contact with the brand, with desired outcomes determined through rewriting, changing, and adapting. He thought that fostering an atmosphere through learning, coaching, and communities should result in a pleasurable experience for both employers and students. Understanding the four aspects of the digital journey, edge technologies, processes, data analytics, and culture, is critical to understanding digital reengineering.

At the end of the Q&A session, the director, Dr. Pratima Sheorey, expressed concern at the current speed of digital transformation and dissemination and the need to reach out to less fortunate kids in remote areas and provide online learning to them. Dr. Ganesh responded that this is achievable through proper plumbing and connectivity, such as the soon-to-be-released Bharat Net – national optical fiber network (NOFN).

Mr. Labanya Prakash Jena, Regional Climate Finance Adviser, Indo-Pacific Region, The Commonwealth, addressed the second session of the fifth day of the International Research Colloquium. Having completed his graduation in management, Mr. Labanya holds a Master’s degree in Economics. He is also a certified Chartered Financial Analyst from the CFA Institute, United States.  Mr. Labanya is currently pursuing his doctorate in Finance from XLRI Jamshedpur and is a prolific writer on climate change and sustainable finance.

Mr. Labanya spoke about ‘Climate Finance and Sustainable Finance in India.’ The session focused on the impact of climate change on the finance industry and how it motivates governments to take the required actions to mitigate the effects of climate change on society. Mr. Labanya discussed the physical hazards associated with climate change, such as the influence on agricultural production and rising sea levels, as well as certain acute changes such as heatwaves, floods, and cyclones.

The repercussions of climate change on businesses and households and the loss of property and income were considered, along with the rising expenses associated with low-carbon legislation. The macroeconomic implications of climate change include capital depreciation, labor market friction, price changes, migration, and shifting consumption factors. Financial concerns such as collateral depreciation, repricing stocks, greater insured losses, supply chain disruption, and increased need for liquidity were the primary topics that proved to be highly enlightening during the session.

Mr. Labanya described some of the unique and generic barriers concerning the Indian Economy gave some constructive solutions based on the establishment of dedicated institutions, budgetary allocation for sustainable development goals, a framework for green bonds, financial products, etc.

The session concluded with active participation from our esteemed faculty members, Dr. Pankaj Sharma, Dr. Gauri Joshi, and Dr. Dipasha Sharma, on the effect of climate change on stock market dynamics, some organizations undertake sustainability and wealth maximization initiatives through greenwashing.

SCMHRD wishes to express its sincere appreciation to both the dignitaries of the day for their kind presence.

-Management Committee, SCMHRD

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