Invest in tech as insurance for future shocks
A leading business executive for mechanisms and tools for organizations in India and ASEAN to reskill the people for a new world.
“Digital will become a central component of life for everyone far faster than we ever expected,” said Shailesh Rao, Advisor and Mentor; Board Director, Eros STX- Singapore who made the call at FICCI Lead 2020 conference.
“Investments in technology are not R&D, but rather a form of insurance against future shocks,” Shailesh Rao stressed.
He was joined by business executives from Singapore and India at the ASEAN session of LEADS 2020, organized by FICCI. The session heard the importance of adopting advanced technologies across the board.
Artificial intelligence within the Industry 4.0 paradigm is already being used by organizations to drive efficiency, improve quality and better manage supply chains, says CP Gurnani, Managing Director and Chief Executive Officer, Tech Mahindra.
Speaking on 15 Oct 2020 at Gurnani highlighted the role of governments across the world towards its inefficiencies and paving the way for future digital innovation.
Rajesh Mehta, Managing Director and Head of Trade & Treasury Solutions for Asia Pacific, Citibank-Hong Kong underlined the importance of resilience, agility and redesigning of business models, saying these are crucial for last-mile connectivity in financial services.
Mehta emphasized on the demographics and scaling up technologies, which will result in one trillion digital payments by 2025 in ASEAN.
“There is a need for improved digital infrastructure to drive major business from Tier 2 and Tier 3 cities,” stressed Partha De Sarkar, Wholetime Executive Director and Global CEO, Hinduja Global Solutions India.
He emphasized on the importance of digital infrastructure for tier 2 and tier 3 cities
The COVID-19 induced pandemic has given non-traditional sectors the confidence to shift towards digitalization though they were not embracing technologies earlier, according to Rohit Sipahimalani, Chief Investment Strategist and Head – South East Asia, Temasek -Singapore.
Speaking on the development of health technologies, Sipahimalani also pointed out that the pandemic has enabled hospitals to develop their telemedicine consultation model with virtual consultations, digital medical records and active monitoring of patients.
Aswin Utomo, Vice President, Engineering and Chief of Staff Technology, Tokopedia, spoke about the increasing trend of e-Commerce and the role played by Tokopedia to empower the islands of Indonesia to be digitally empowered.
Dr Lim Jui, CEO, SGInnovate- Singapore, emphasized the importance of deep science and deep technology to solve the global challenges and pandemic and the need to further investment in cutting-edge technologies especially AI, quantum tech and space technology. #skill #technologies #ASEAN #artificialintelligence #banking /fiinews.com
