Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Digital Transformation is the need of the hour and it is no longer an option - CDT DX Summit & Awards 2019, New Delhi

Posted On: 2019-12-23 18:15:07


Aligned with the Digital India Mission, The Centre for Digital Transformation under the aegis of Confederation of Indian Industry organised its flagship programme, the Digital Transformation (DX) Summit & Awards 2019 at New Delhi.

The Centre for Digital Transformation principally partnered by Tata Communications and associate partnered by DELL Technologies, plays a pioneering role in introducing concepts and establishing digital transformation systems. It is also a platform to bridge technology providers and technology users efficiently and create trust for better handholding in this process.

Shri Ajay Prakash Sawhney, Secretary - Ministry of Electronics and IT, Government of India ("MEITY"), in his address mentioned that "India has a great future and potential to explore and increase the usage of technology in building a Digital India. He said that the maximum potential for the growth through digital technology is now from the user industry rather than the technology companies." He appreciated CII's initiative of creating the Centre for Digital Transformation at the right time to help Industries become globally competitive through Digital Transformation. He assured MEITY's support to CII-CDT in handholding the MSMEs and corporates in their DX journey.

He was also pleased to see the participation of companies in the Best Practices in Digital Transformation. 17 companies received the DX Trophy for Best Practices in Digital Transformation (Most Innovative & Innovative category) from Mr. Sawhney. The companies recognised for the DX Awards were Amrit Cement Ltd, Apollo Hospitals Enterprise Ltd, Tata SIA Singapore Airlines, ASK Asset and Wealth Management Ltd, CEAT Ltd, Danfoss Industries Global Ltd, Data Ingenious Global Ltd, Dell International Services Pvt. Ltd, Karur Vysya Bank Ltd, Kotak Mahindra Bank Ltd, Larsen & Toubro Ltd, Rolls Royce India Pvt. Ltd, Tata Communications Ltd, Tata Motors Ltd, The Federal Bank Ltd, UST Global and Willis Towers Watson India Insurance Brokers Pvt. Ltd.

The Summit witnessed the launch of DXcel - the Digital Transformation Excellence Model of the CII-CDT. DXcel is a unique tool, which will allow a broader participation and evaluation of companies to reveal where they are in their digital transformation journey. DXcel was launched by Mr. Kris Gopalakrishnan, Past President, CII & Co-founder, Infosys & Chairman, Axilor Ventures.

Mr. Gopalakrishnan in his address said that the "World economy will triple from current $80 trillion to $240 trillion in 30 years. India will quadruple its wealth by 2035. Every industry will transform and digital transformation would play a major role in the same." He said that, all organisations must become entrepreneurial, change their mindset and transform. He also noted that the Indian IT industry is world class because of its governance systems and urged Government support for the IT industry, via enabling regulations, investment in education, R&D, labs and testing.

Ms. Debjani Ghosh, President, NASSCOM in her address said that Digital Transformation is happening at a very fast pace and the numbers that define digital India are mind-boggling. India today consumes more data per user than any other country. Aadhar and UPI reached billion users in 5 and 3 years respectively. Ms. Ghosh citied several examples where technology had improved the lives of people.

Lt Gen. (retd) Rajesh Pant, National Cyber Security Co-ordinator, PMO in his address at the Thought Leadership session, said, "Cyber Security is becoming even more important as attack surface is growing exponentially and threat spectrum is becoming more diverse, diffused and complex. Attribution is becoming ever more difficult. Humans continue to be the weakest link." He further said that, no nation can fight cyber criminals alone as they always exploit gaps in the existing systems and architecture.

Another highlight of the Summit was the Digital Transformation Signature Campaign where industry stalwarts led by Mr. Kris Gopalakrishnan, Past President CII, signed the 7 commandments for taking forward the DX movement.

Mr. Amit Sinha Roy, Vice President Marketing, Tata Communications Ltd said, "India has the potential to become a 5-trillion-dollar economy. To realise this potential, there is a need for a platform to bridge technology providers and technology users efficiently, so our firms and industries can embrace digital transformation across the value chain. The CII - Tata Communications Centre for Digital Transformation ("CII-CDT") is bringing the industry together to spur adoption of mobile, cloud, Internet of Everything and champion the cultivation of new talent that will drive innovation forward."

Mr. Rudramuni B, Co - Chair, CDT, VP & India R & D Head, Dell Technologies, said, "Digital transformation is no longer an option, rather a critical element for organizations to stay relevant and to accelerate their business outcomes. I believe it is the right time for Indian enterprises to ride on the digital wave and to realize this transformation, a platform called DXcel would act as a lever. If we do not start today, it will be too late and we would be left far behind in the ultra-competitive market. Through this platform, we aim to support MSMEs in overcoming their challenges and ensuring a sustainable digital growth."

Mr. Vijay Thadani Co- Chair, CDT, Vice Chairman & MD, NIIT Limited, said, "Development of MSME sector is one of the major focus areas of CII. Digital transformation was identified as a key priority for the growth of MSMEs. CII thus set up a Centre of Excellence (CII-CDT) to jumpstart MSMEs on their digital transformation journey. Some of the key learnings from the DX Summit have been through the sessions with thought leaders as well as experience sharing by peers and large companies."

The DX Summit discussed the need for creating a top to bottom digital culture, forthcoming business challenges, the importance of upskilling for building sustainable businesses of tomorrow and much more.

As an outcome, CII-CDT will play a pivotal role in catalysing digital transformation.

Shares of TATA COMMUNICATIONS LTD. was last trading in BSE at Rs.385.95 as compared to the previous close of Rs. 387.45. The total number of shares traded during the day was 6475 in over 379 trades.

The stock hit an intraday high of Rs. 391.25 and intraday low of 382.25. The net turnover during the day was Rs. 2495338.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Paushak Limited receives approval for expanding production capacity of Phosgene to 14,400 MTPA

Thomas Cook (India) Limited announces results for Q1 FY21

Info Edge India Ltd fixes floor price of QIP as Rs. 3177.18

LIC ups stake in YES Bank to 4.989% through market purchase

Persistent Receives 2020 Workato Partner Award for Innovation

Infosys USA certified as Great Place To Work®

Eris Lifesciences Ltd Board declares Interim Dividend of Rs. 5.50

Thomas Cook India Ltd Q1FY21 consolidated loss at Rs. 94.20 crore

PTC India Financial Services Ltd posts consolidated PAT of Rs. 26.56 crore

Sun Pharma Advanced Research Company Ltd Q1FY21 PAT at Rs. 56.69 crore

MRPL Q1 consolidated loss at Rs. 719.78 crore

ITC's Paperboards Unit at Bhadrachalam conferred with GreenCo Platinum+ rating by CII Green Business Centre for its Environmental Stewardship

NMDC registers record jump in production and sales of iron ore in July 2020

Titan Eyeplus in association with Sankara Nethralaya, Chennai launches Teleconsultation Eye care Services for its customers across the country

JSPL Felicitates its COVID-19 warriors

IndiGo repatriated 212 Indians citizens from Russia

Axis Bank Limited announces opening of QIP, floor price fixed as Rs. 442.19

Narayana Hrudalaya Ltd Q1 FY21 Consolidated operating income at Rs 3,935 mn

Tata Consumer Products Ltd announces results for the quarter ended 30th June 2020

Geojit Announces Appointment of Alice G. Vaidyan to the Board

Maruti Suzuki - Delivering sustainable growth through inclusive approach

ASM Technologies Ltd Board recommends interim dividend of Rs. 2

Digitate Launches ignio™ AI.Assurance to Transform Software Testing and Speed Up Software Release Cycles

Lupin Receives Tentative Approval for Empagliflozin Tablets

Sun Pharma launches FluGuard® (Favipiravir) in India at Rs. 35 per tablet

PI Industries Ltd posts consolidated net profit of Rs. 145.5 crore

Tata Consumer Products Ltd Q1FY20 consolidated PAT surges to Rs. 327.56 crore

Zim Laboratories Ltd Q1 consolidated PAT soars to Rs. 3.28 crore

Uniphos Enterprises Ltd posts Rs. 0.25 crore PAT in Q1FY21

Jenburkt Pharmaceuticals Ltd Q1 PAT at Rs. 1 crore

Gujarat Gas Ltd reports Rs. 59.07 crore consolidated PAT in Q1FY21

Unichem Laboratories Ltd Q1FY21 consolidated net profit at Rs. 2.43 crore

Astral Poly Technik Ltd Q1FY21 consolidated PAT falls

Tamilnadu Petroproducts Ltd Q1 consolidated PAT rises QoQ, drops YoY

Geojit Financial Services Ltd Q1FY21 consolidated net profit jumps to Rs. 23.84 crore

Century Enka Ltd posts Rs. 24.90 crore loss in Q1FY21

Vinyl Chemicals India Ltd reports higher net profit of Rs. 1.16 crore in Q1FY21

Bhansali Engineering Polymers Ltd Q1 consolidated loss at Rs. 1.38 crore

Gujarat Sidhee Cement Ltd reports Rs. 4.98 crore consolidated PAT in Q1

Atishay Ltd posts Q1FY21 net profit of Rs. 0.58 crore

Godrej Consumer Products Ltd Q1FY21 consolidated PAT rises QoQ basis

ASM Technologies Ltd Q1FY21 consolidated PAT at Rs. 3.70 crore

Igarashi Motors India Ltd Q1FY21 loss at Rs. 10.52 crore

HIKAL Ltd Q1FY21 consolidated PAT at Rs. 15 crore

Varun Beverages Ltd Board declares Interim Dividend of Rs. 2.50 for CY2020

Deccan Cements Ltd board to announce Q1 results on Aug 14, 2020

Berger Paints India Ltd board to approve quarterly results on Aug 14, 2020

Marksans Pharma Ltd Q1FY21 Revenue at Rs. 331.3 Cr

Ashok Leyland subsidiary Optare delivers first of 21 battery-electric Metrodecker EV with First York

Ashwini Kumar Tewari Takes Charge as The Managing Director and CEO of SBI Card







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019