Preparing for Change: Redefining the Future with Innovation | So Good News

Let’s take a closer look at what our experts had to say:

“What differentiates a digital native enterprise from a traditional enterprise is their agility in using technology to solve key business problems. The ability to solve these business problems includes customer experience, scalability and reliability.”

– Abhishek Avadhia, Senior Director. Microsoft

For digital natives born in the cloud, technology adoption is a basic necessity. In fact, this roundtable revealed the idea that the biggest advantage digital natives have over large enterprises is their ability to solve critical business problems by leveraging the technology at their disposal. During this discussion, business leaders opened doors to their personal experiences with breakthroughs, innovations, business models and most importantly, cloud technologies.

The most prominent advantage of cloud technologies for modern startups is the ability to scale at will while focusing on innovation. According to business leaders, using the capabilities of the cloud, startups can go through rapid iterations. Being able to rapidly develop early iterations is a huge advantage for companies. Additionally, being able to scale responsibly gives data natives the ability to continually focus on the customer experience. In our competitive digital age, being able to deliver an exceptional customer experience is critical to success.

The massive scalability that comes with cloud technologies can increase the efficiency of startups entering the Web3 environment. This roundtable was able to explain that when digital natives have to deal with millions of users, the cloud can provide all the necessary support. The use of cloud technologies is also very cost-effective, as it works on a pay-per-use basis.

Discussing the key challenges facing the industry, business leaders shared a unique perspective on providing the best value to customers. In an industry driven by customer experience, failing to provide the best value can be detrimental.

Understanding Factories of the future

“Industry 4.0 is nothing but data collection. It’s about being able to capture data points at any level. The way things are going today, data is the new oil. There’s no two ways about it.”

– Nitin Kaushal, Business Leader, Microsoft Corporation

Collecting data and extracting meaningful insights from it are the building blocks of Industry 4.0. With businesses designing and manufacturing products using technologies such as the Internet of Things (IoT), cloud technologies, robotics and automation, data has emerged as a connector between various elements.

Interest in data and drawing actionable insights can be linked to a new emphasis on efficiency. Industry leaders all agreed that increasing efficiency is the way forward for manufacturing companies. Leveraging data-driven actions enables modern factories to optimize supply chains, bring products to market faster, develop new designs faster, and even support predictive maintenance at scale.

In addition to becoming increasingly data-centric, modern manufacturing companies are rapidly expanding their technology adoption and cloud capabilities. Our industry experts all agreed that recent advances such as AI, ML, cloud and ERP systems are becoming a staple of modern manufacturing companies. Even within their own businesses, there has been a huge leap in technology adoption. Likewise, cloud platforms have been the driving force behind massive growth and efficient management. As innovation increases in scale, it changes business orientations. The companies of the future are transforming from strictly product-oriented companies to solution providers.

Challenges for manufacturing and supply chain businesses can range from supply chain disruptions to production problems. Another important issue in this field is the difficulty of adopting automation across all elements of any enterprise. Industry experts emphasize that a 360-degree perspective is necessary before starting automation. Any automation needs to be in sync with the rest of the enterprise and also account for existing problems. One cannot choose to use the latest technologies and innovations to achieve greater efficiency through delivery; Everything like the availability of raw materials, the competence of your workforce and even regulatory compliance should be carefully researched.

India’s modern ITeS industry

“Every organization is undergoing transformation. After the pandemic, this became even more evident. “Hybrid is a concept that is becoming more and more popular.”

– Guri Shankar Praharaj, Director, Azure Infra, Microsoft

After the emergence of COVID-19, businesses were forced to urgently move to a hybrid work culture. Nearly three years after the start of the coronavirus pandemic, it’s clear that hybrid work environments are here to stay. India’s ITeS sector has been one of the many industries hit hard by the pandemic, with employees now forced to work from home. This has opened the door to a new era of ITeS based on the endless possibilities of cloud technologies.

The ITeS roundtable centered around the benefits that cloud technologies bring to hybrid work environments. ITeS will play a crucial role in shaping India’s digital future, and harnessing the potential of the cloud, hybrid work cultures can thrive in our post-pandemic world. By using cloud platforms, businesses can use virtual desktops to share company data and software. Even remote employees can access the virtual environment to perform their tasks, regardless of their personal devices.

Microsoft’s Azure virtual desktop solution is a prominent example of a complex virtual environment. Azure can provide secure access to sensitive data and resources only through the use of virtual desktops. In addition, the level of accessibility can be easily controlled according to the situation and need. This means that security is always maintained while making resources readily available.

Discussing the many challenges in the ITeS domain, our industry experts shed light on the recent slowdown in valuations and overall underinvestment in the sector this year. India’s ITeS sector is heavily dependent on outsourcing services and solutions to countries like the US or the UK, but with the global economy sluggish, investment is lower than in previous years. As a result, employee retention has become an issue.

Disclaimer: This article is published by HTBS team on behalf of the brand.