Author - unwiredcp

As the world was swept by the pandemic, it was no wonder that BFSI industry was able to stand strong in the foundation of tech and rapidly enabled itself to turn digital. According to a report by Allied Market Research, the global digital transformation in BFSI market size is expected to reach $164.08 billion by 2027, growing at a CAGR of 15.4% from 2020 to 2027.

Some of the evolution highlights in the BFSI includes continued focus to meet the regulatory compliance requirements, consumerisation demands, personalisation, operational efficiencies, facilitating the coherence through platforms. The industry is altering business models and adopting latest technologies such as intelligent automation, Lowcode platforms, cloud computing and AI/ML.

Increased productivity, cost savings, and improvement in customer experiences with new age technologies are the newer ways of working leading to enhanced business outcomes. For instance, the total revenue from automation in BFSI industry is expected to be $1.2 Billion by 2023. Adopting to low-code platforms simplify the development process and create flexible applications for the further enhancement. In addition, the BFSI sector is also adopting latest cybersecurity solutions to detect, report, and counter cyber threats. According to a study 26.32% of the total respondents from the BFS industry said that they are using an integrated platform to manage risks. The emphasis for environmental, social, and governance (ESG) has taken centre stage for sustainable financing and became a mandatory compliance to the BFSI industry. Enhanced focus on climate risk quantification, proactive risk management, embedded controls through real time monitoring help BFSI companies to adhere to global risk compliance.

The Economic Times Digital Transformation Webinar

The webinar will have some of the global business leaders and renowned experts share their views on how digital transformation is changing the BFSI sector. The event will explore strategies based on digital revolution and the need to strike the right balance between technology, customer experience and security.

Arjun Ramaraju
CEO
Conneqt Business Solutions

Ashwin Khorana
CIO
Ujjivan Small

Chandan Khaitan
CEO
Muthoot Digital Business

Kapil Jacob
Solution Consultant
ServiceNow

Krishnakumar Gangaatharan
Solution Architect Lead
Outsystems

Mohan Chennasamudra
Chief Business Officer
Conneqt Business Solutions

Pazhamalai Jayaram
Cybersecurity Advisor

Sajeev Nair
CTO – IT services
Conneqt Business Solutions

Saurabh Tripathi
Managing Director and Senior Partner
BCG

Shaji Pillai
Sr. Vice President and Head of Strategic Sales
Conneqt Business Solutions

Sivakumar Nandipati
CDO
Fedfina

Sreyssha George
Managing Director and Partner
BCG India

Srikanth Rajagopalan
Practice Head – Platform Services
Conneqt Business Solutions

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As we embark on a journey toward data-driven banks to assist us in making informed decisions, profitably serving customers, proactively managing risks, and streamlining operations, it is critical to ensure that data platform solutions are robust and available to meet a variety of information requirements.

It is about time we align business outcomes with actionable data driven insights and develop a culture of acting on data and generating insights to benefit the Bank’s many stakeholders.

This has brought cloud computing to the forefront, and businesses must now create cloud-ready/hybrid architecture in order to plan for future cloud migration. A Hybrid cloud strategy enables customers to leverage services that span different cloud platforms, enabling them to select the services best suited to the workloads or apps they are managing.

This approach provides organizations the flexibility to decide what parts of an application should reside in an existing datacenter versus in the public cloud, as such providing them with a consistent and flexible approach to developing a modernization strategy.

Join us for an interesting ET Unwired session on Journey towards building Data Driven Organization, powered by Microsoft & PwC to hear from the industry experts; who will be sharing their expertise and stories, as well as to assist one another in laying up the foundation correctly.

Atul Kumar
General Manager IT
Canara Bank

Parveen Kumar Sharma
Chief Technology Officer
Union Bank of India

Makrand Jadhav
Director – Data & AI Solutions Team
Microsoft India

Mukesh Deshpande
FS D&A Leader, Partner
PwC India
Moderator

As organizations modernize their IT infrastructure, many are shifting from a traditional three-tier architecture to a hyper converged infrastructure. This architecture integrates compute, storage, networking, and virtualization into a single platform with a unified management plane. HCI platforms that deliver a cloud-like experience on-premises accelerate the transition to hybrid multi-cloud and enable simple and rapid mobility of cloud-native applications between the public cloud and an on-premises private cloud. These capabilities drive organizations to invest in HCI, and, according to ESG research, HCI has significantly been gaining momentum year over year

IT organizations quickly discover that delivering the simplicity, speed, accessibility, scalability, flexibility, self-service, and other benefits of private clouds can be a complex and painful exercise, requiring the coordination and integration of many components.  Enterprise applications like SQL Server drive businesses every day and demand high performance for workloads such as OLTP and real-time analytics.

To collect the massive data volumes needed and deliver virtually instant data access for applications such as online trading, fraud detection, retail customer interactions, and the like, these applications must be supported by an enterprise-class storage foundation. Large-scale consolidation of mixed workloads can increase cost efficiency as long as mission-critical workloads are assured of the highest performance and scalability to meet the demands of growing businesses. The need is to educate IT professionals about information technology solutions for companies of all types and sizes.

Hybrid Computing is the way forward in order to let organizations lead with IT governance and control, maintaining compliance and control. The concept of Hybrid computing and its approach majorly revolves around a strategy which helps govern the deployment and delivery of various digital services, resources and applications.

Since the Hybrid Computing Business model involves legacy and cloud applications, it enables agile delivery models in an easier fashion, while it leverages cloud ready data resources providing its users the tools they need, whenever they need them. Implementing this enables IT Leaders attain the desirable level of infrastructure. The empowered data centres then allow physical compute, storage and a network resource.

Join us at The Economic Times Live Webinar on Adopting Hybrid Cloud For Your Organization powered by Microsoft & PwC as our Industry Experts will share some amazing insights on how you can leverage Hybrid Cloud for an agile and resilient organization.

Sanjay Ganesh
Associate Director
PwC

A. Krishna Prasad
Product Manager – Azure Cloud Infra
Microsoft India

RamMohan J V
Azure Hybrid Specialist – Global Black Belt Team
Microsoft India

Industry analyst Emergen Research valued the HCI market at $7.34bn in 2020 and predicts that the market will grow by 26.8%. Drivers include the backup and recovery market, and to improve application performance.

In today’s digital age, all organizations want to streamline processes, maintain speed, improve reliability, increase scalability, operate consistently, and be future-ready. With the proliferation of data and applications, there is an urgent demand for technology and products that improve business value. Automation is a need, and organizations must endeavor to build an architecture that can automate their business requirements.

With workloads and applications becoming more demanding than ever, businesses must seek to embrace end-to-end server technology solutions that can be readily integrated into their existing business process experience. Hyper-convergence infrastructure has acquired a lot of popularity recently among businesses because of its ability to simplify the deployment of new workloads, simplify infrastructure administration, and reduce infrastructure costs.

In today’s world, every organization is striving for solutions that can drastically simplify IT operations with completely automatic updates—from one known good state to the next—across the whole hardware and software stack.

In order for this to happen, businesses must extend their horizons and search for out-of-the-box solutions that may help them minimize complexities and add value to their operations.

Join The Economic Times Live Webinar Powered by Dell Technologies and Arrow PC Network to discuss:

• Handling demanding workloads
• Breaking down operational silos
• Ensuring performance, reliability, and flexibility for a wide range of workloads and applications
• High performance computing
• Increasing savings in terms of training and manpower
• Drive operational efficiencies with full stack integration and automated lifecycle management
• Targeting zero downtime
• Installing future ready servers
• Enhancing the frequency of back up
• Increasing cloud-based storage

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Building more flexible and equitable organisations

The COVID-19 pandemic has had a huge effect on the working landscape. As companies have been forced to activate distributed, remote workforces at a rate never seen before, many aspects of the workplace will never be the same again. An organisation’s ability to deliver on ‘employee experience’ – giving employees the flexibility to work ‘where’ and ‘how’ they prefer is picking up momentum every day. In fact, LinkedIn’s recent Future of Work B2B perception study by research firm GFK states that 80% business leaders in India feel pressured to offer greater flexibility today. Flexible working has emerged as a top priority in the new world of work, and business leaders see this as an opportunity to hire more diverse talent and improve business performance. With 82% of professionals in India considering a job change in 2022, it has become imperative to focus on an employee’s motivations — and it is true that talent is in the driver’s seat today. Thus, CHROs constantly face the pressure of building a future-oriented corporate culture that ensures business success and employee satisfaction. In this rapidly changing landscape, companies are aiming to become more agile and adaptable so that they can survive and thrive.

In this session, we will focus on:

• CHROs need to treat new culture as a business challenge
• Prioritizing flexible working arrangements, including work policies and working models
• Ensuring the well-being of employees
• Creating an environment that helps employees to learn and grow
• Focusing on strategies and technologies to help organizations hire and retain better, adjust to changes and have dynamic approach

Useful resources:

• 2022 Global Talent Trends: The Reinvention of Company Culture
• 2021 Employee Well-Being Report: Dive into our latest workforce data to better understand how you can help employees be happy and successful at work.
• The Elements of People Success: Explore how to enable people to bring their best selves to work, to do their best work.

Alok Mehta
Executive Director & Head – Human Resources at Hexagon Capability Centre India

Anirvan Mukherjee
Global Head – HR Business Partner, Microland

Ekta Singh
CHRO (global), AGS Health

Kavita Kurup
Global Head – HR, UST

Ruchee Anand
Senior Director, Talent and Learning Solutions, India at LinkedIn

The Data has become borderless and accessible across the globe. Many countries have faced the challenge of governing and regulating local data. Across civilisations and generations, we have witnessed how evolution is inextricably linked to the exchange of information and ideas – that is exactly why the free flow of data is crucial and hence, regulation is inevitable.

The new Data Protection Bill has ensured additional requirements on commercial and business entities in India, relating to the collection, retention and disclosure of personal and sensitive personal data, which have some similarities with the GDPR and the generally accepted privacy principles.

As the dust settles on the initial pandemic transition, the way brands approach data privacy is becoming more of a focus area for attention. In terms of their processes and promises to customers and employees, the very essence of digital trust is now a key business differentiator.

The right digital trust framework leverages advance technology like Analytics, AI, data security and identity management to ensure that the organization has capabilities of secured unified & multidevice management.

Join the Economic Times Session around Data Protection Bill: Navigating regulatory complexities of Personal Data Protection Bill,2019 to build Digital Trust in your organization, powered by Microsoft & PWC to learn how to –

• Keeping your business and information safe and regulated
• Interpret various nuances of the regulation
• Driving Digitization to Digital Trust
• Utilize digital trust to enhance customer and stakeholder’s trust

T.G. Dhandapani
Advisor
Digital Transformation

Durga Prasad Dube
Executive VP
Reliance Industries

Keshav Dhakad
Group Head & General Counsel – Corporate, External & Legal Affairs
Microsoft India

Sivarama Krishnan
Leader, Risk Services (India) and Leader, ASIAPAC Cyber-Security
PwC

* Would like Information, tips and offers about Microsoft & its partners product & services. (aka.ms/privacy)

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We have witnessed some great leaps across industries in terms of technology, and the speed of change has not gone unnoticed. With manufacturing companies competing fiercely over identical products and customer demands changing drastically, smart manufacturing has become a must. While all of this has caused a number of challenges for the sector, it has become critical to prioritize work and bridge any gaps using technology with the most up-to-date tools in order to obtain an edge at the correct moment.

Industry 4.0 is transforming the manufacturing industry, and corporations are spending more in automation as a result of the epidemic. Manufacturers are implementing new technologies such as the Internet of Things (IoT), artificial intelligence (AI), cloud computing, and others to enhance their production processes.

However, we envisage Industry 4.0 as a networked eco-system that includes all value-chain players, including suppliers and customers. Customers these days provide quick feedback and discuss their concerns through various channels, and these concerns may have ramifications for manufacturers, necessitating a change in process or product, a change in supplier, or an increase in supply chain efficiency, among other things. As a result, while considering AI implementation, we must consider all aspects and implement it holistically across the value-chain to derive the benefits of the technology.

AI and Machine Learning are giving manufacturers an extraordinary ability to rise steeply throughput, optimize their supply chain, increase productivity, quality and accelerate services, research and development. With the help of artificial intelligence, manufacturers can be notified of any problems related to the quality of their products or services. AI helps enables machines to collect and extract information, recognize patterns, learn and adapt to new situations or environments through machine learning intelligence. Manufacturers can also gather data on the performance of their products or services to make better decisions in the future.

The Economic Times Discrete Manufacturing Live Webinar Themed Leverage AI for Industry 4.0, powered by Samsung Data Systems will lay a roadmap to smart manufacturing enhancing their journeys for Industry 4.0.

Hizmy Hassen
Chief Digital Officer
Apollo Tyres

Abhik Chatterjee
Managing Director
Boston Consulting Group (BCG)

Sameer Bangia
General Manager – Emerging Business & Alliances
Samsung Data Systems

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Industry 4.0 technologies were already transforming manufacturers’ operations before the pandemic. With the Covid-19 pandemic halting the global manufacturing ecosystem, digitalization across organizations are taking shape at a striking pace. Now adoption is diverging between technology haves and have-nots. 39% of respondents of IBV’s recent survey said they have implemented a control tower approach to increase end-to-end supply-chain transparency, and around 25% are fast-tracking automation programs to stem worker shortages arising from COVID-19.

“Acceleration” is the watchword. Businesses that embrace agile manufacturing will achieve new levels of productivity by strengthening operational technology with IT innovations. Intelligent plants are created by leveraging potent combinations spanning automation, artificial intelligence (AI), the IoT, edge computing, cloud, 5G, additive manufacturing, and digital twins to transform their operations. Deploying this vast array of technologies is complex and requires both IT and OT skills to architect and execute.

And the results are worth the effort – Intelligent manufacturing can facilitate improvement in production defect detection by as much as 50% and improvement in yield by 20%. By linking innovation and technological automation manufacturers can reduce energy costs, limit waste generation, and lower emissions thereby eliminating risks of consequential environmental damages and enabling sustainable manufacturing.

Organizations need a clear strategy to realize the benefits of intelligent manufacturing. Without crisply defined business objectives for the intelligent factory, ambitious projects can wander into oblivion.

Knowing where an organization is going and what benefits to expect is essential. But to start, management needs to ask: what is the current state of our manufacturing plant?

The Economic Times CXO Roundtable Session Themed Reimagining Manufacturing with Cognitive Capabilities, powered by IBM will lay a roadmap to smart manufacturing enhancing their journeys for Industry 4.0.

The Roundtable Discussion will talk around how to:

• Have a better planning for manufacturing operations
• Improve productivity and performance management
• Increase Asset utilization and efficiency

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Globally, digital transformation has become a norm for almost all organisations. Teams and processes are making digital changes step-by-step with the right technologies, platforms and placing data strategically. Marketing trends have also drastically changed over the past few years as consumers pick brands that align with their personal values.

As the marketing landscape continuously changing, it has become a challenge for the Chief Marketing Officers to keep up with the trends. Thus, marketing professionals are in the process of redefining their responsibilities, keeping in mind high expectations from customers and delivery of results.

In a nutshell, CMOs are expected to become more tech-savvy to remain competitive and prioritize personalized customer experience. With several tech solutions and tools available, CMOs must pick the ones that meets company requirements and budget. They need to focus on raising the bar by taking advantage of end-to-end digital experience software that empowers them to deliver unforgettable customer interactions. Brands can even innovate the communication process with cloud solutions. In addition, intelligent customer data platforms are available to help gather customer data and provide marketing firms with tools to run highly personalized campaigns.

To be successful in these ever-changing business environments, CMOs should take lead in creating tremendous brand value for all. It is time to look beyond traditional marketing efforts and invest in digital skills to navigate the competitive marketplace.

Join us at this roundtable that will bring together a panel of marketing professionals to discuss the challenges they face in the current scenario. At the same time, what are the technological trends for a marketer that helps them retain their brand in the market.

In this session, we will focus on:

• Shifting from legacy to digitization
• Adopting digital tech solutions and tools
• Redesigning consumer sales and service experience
• Challenges in the post-pandemic era
• Key marketing trends for 2022 and beyond

Anjum Rastogi
Chief Marketing Officer
Easyrewardz Software Services

Ashish Tiwari
CMO
Future Generali

Jayati Singh
Global Head- Marketing
Tally Solutions

 Karan Kumar
CMO
DLF Limited

Narendra Ganpule
Partner, Digital and Management Consulting
KPMG
Moderator 

Naval Khosla
Head Adobe Experience Manager Business India
Adobe

Rangarajan Vasudevan
Founder & CEO
TheDataTeam

Siddhartha Butalia
CMO
AirAsia India

Sonia Kaul
 VP – Product Marketing (Digital Products)
Tanla