‘The pace at which
digitization is impacting the world, every business – big or small, in service
or manufacturing sector, in developed country or developing country will soon
be affected’ said Shri Ashank Desai, Founder and Former Chairman of MASTEK
Ltd., a global IT solutions Company recently while addressing the members of
Rotary Club of Bombay West at Mumbai.
He went on to say that global
giants like Amazon, Apple, Facebook, Google, Pandora, Netflix understood the
importance of digitization and implemented it with a right strategy to be part
of the Trillion Dollar Club today, whereas several yesteryear industry leaders
like Nokia, Yahoo, MySpace, HMV, Blockbuster have either gone bankrupt or have
seen stagnancy in their business numbers as they have lagged behind in
digitization.
Every business or profession
must look at the ‘Tools of Digitization’ which include Social Media, Mobile,
Analytics, Cloud, Internet of Things, Artificial Intelligence, Virtual Reality,
3-D Printing, etc. and use combinations
thereof to achieve their individual digitization goals.
Shri Desai warned about the
side effects of digitization like privacy issue, cyber security, cyber
terrorism and creation of digital have-nots segment for inclusive growth. However, these risks should not deter
businesses and professions from digitization – rather the digitization strategy
should have in-built risk containment mechanisms to achieve success. His final words of advice were to be
up-to-date on digital technology and applications, not to under-estimate pace
of change, take ownership and have a digital strategy in place before
experimenting and taking baby steps.
Shri Ashank Desai is widely recognized as an industry veteran, and
he is one of the founder members & past Chairman of NASSCOM. He is a former
President of Asian Oceanian Computing Industry Organisation (ASOCIO), an
Association of 20 countries in this region. For past many years he
has been involved with the Confederation of Indian Industry (CII) and
Federation of Indian Chambers of Commerce & Industry (FICCI) Executive Committees
at National & Regional levels.
Recently, Shri Desai was one of the eight IT professionals to have been felicitated
by the Prime Minster Shri Narendra Modi for his contribution to NASSCOM &
IT Industry for the last 25 years.
-Report by Aslam Merchant, President Elect (2016-17), Rotary Club of Bombay West
It is a eye opener
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