New Delhi: As Coronavirus (COVID-19) acts as a key catalyst for the acceleration of digital technologies, organisations need to leverage these disruptions as the future will be increasingly digital. To offer an insight into the same, Standing Conference of Public Enterprises (SCOPE) organised a webinar on ‘Digital Transformation in COVID-19.’ The webinar was addressed by Department of Science & Technology's (DST) Secretary Professor Ashutosh Sharma, IndianOil’s Chairman SM Vaidya, SCOPE’s Director-General Atul Sobti, CCI Director (Finance) S Sakthimani and KPMG India's partners Sushant Rabra & Manas Majumdar. The webinar was attended by over 2,300 participants including senior officials from Public Sector Enterprises (PSEs) through SCOPE’s various platforms.
Ashutosh Sharma in his address stated that the present era is of Industry 4.0 based on control of data, knowledge and wisdom and hence whoever is able to generate, control and build on data and information shall succeed. He stated that it is imperative for organisations to assess their digital maturity and also where they want to reach so as to make most of the available opportunity to leverage digital tools. He also said that PSEs are strong pillars of the Indian economy and hence need to take advantage of the latest technology, upskill and integrate business with emerging technologies so as to enlarge the scope of organisations. Secretary, DST made a strong urge to the corporate sector to make optimal use of this clear and present opportunity to emerge stronger and skilled digitally.
Vaidya appreciated SCOPE for organising the webinar on digital transformation. While emphasizing on the need for digital transformation, he also briefed how IOCL leveraged technology for both business and employees.
Sobti speaking about the digital journey stated that digital technology has broadened the horizon of business in the times of crisis. DG, SCOPE said that digital shall be the key even in post COVID times and hence the same needs to be leveraged by PSEs in order to be globally competitive. He highlighted three focus areas for PSEs in order to make most of the available opportunity – skilling, digital infrastructure and digitally-enabled systems.
KPMG team presented on Digital integration in organisations during COVID-19 and how it has brought new opportunities and innovative technologies at the threshold of all organisations. They also highlighted how digital can be utilised for value realisation for organisations.
While giving closing remarks, Sakthimani reiterated the fact that digital transformation is the requirement of the hour and hence all corporates should join hands to maximise this opportunity.
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