Digital transformation has emerged as a powerful catalyst for innovation and competitiveness in the business landscape. Businesses have recognized the urgency to embrace disruptive technologies to remain competitive and foster growth. Recent supply chain disruptions have further accelerated the process, as companies strive to optimize their operations and reduce vulnerabilities. This has prompted a widespread realization that conventional business processes are no longer sufficient to navigate the complexities of the modern interconnected world. As a result, organizations across various industries in India are ramping up their efforts to integrate advanced digital solutions, automate processes, and leverage data-driven insights.
Along these lines, the “Exclusive CXOs’ Forum” was organised by Alden Global in association with Aeonx, AWS & SAP in June 2023. Industry leaders gathered to discuss the paramount importance of digital transformation in shaping the future of business. The event’s theme, “The Future is Today, Transform Now”, set the stage for captivating keynote speeches from prominent tech leaders. The Roundtable discussions were further enriched by the insights of distinguished leaders from a diverse group of companies in Ahmedabad.
Transformation in the field of technology can significantly boost the construction sector in India and further bolster its contributions to the economy. In his keynote speech, Sunil Sonare, the Head of IT & Systems at ITD Cementation remarked, “A strategic tech migration provides outstanding ROI and paves a seamless path towards hyper-scalability.” He further outlined that digital transformation yields substantial cost savings, real-time data, and unifies the infrastructure under a secure & efficient framework.
Among emerging technologies, cloud computing and AI/ML have emerged as game-changers for businesses. By leveraging their capabilities, organizations can augment CX, drive innovation, and attain a competitive edge to ultimately propel growth and profitability. As articulated by Sumit Goyal, the Principal Solutions Architect of AWS, “Every organization requires a lot of data, and every piece of data is usually stored in multiple silos. By amalgamating multiple data silos with AI/ML, businesses can harness profound insights for informed decision-making.”
Cloud services can also accelerate time-to-market for new opportunities, as resources can be provisioned and deployed rapidly. Ankit Thakkar from SAP said, “The most important question is why we should go for the transition. It is growth, invariably. No matter the revenue and value generation, every business wants to grow. All the functions have to do their part that finally contributes to growth. Businesses can future-proof themselves by embracing the latest technologies and anticipating change. And that is where Rise with SAP comes in the journey. The private cloud allows you all the security and gives you all the control too.” ‘Rise with SAP’ on AWS Cloud has emerged as a comprehensive solution to simplify and accelerate the journey to the Cloud. It empowers organizations to drive innovation and growth within a reliable, scalable and secure Cloud environment.
According to a Gartner study, 79% of corporate strategists claim to be digitizing their businesses to create new revenue streams. Investing in the right human capital is a pivotal aspect of transformation, serving as a way to exploit new business models. “Predictive analysis and RPAs generate a holistic approach in improving efficiencies and reducing human error, empowering organizations to reach hyper-scalability,” said Apurva Dalal of Adani Green Energy.
Manish Chandegara, the CIO of Cera Sanitaryware also reiterated, “It depends on how technically sound people are and how advanced the talent is. It’s important you have the right tech partners to give you the best results.”
During the roundtable discussion, panellists unveiled a myriad of benefits that await organizations upon embracing digitization. Participating leaders also offered valuable insights, ensuring the event’s resounding success.
Embracing digital transformation is not just a choice but an indispensable necessity. The roundtable concluded that the organizations that harness the potential of cloud transformation will undoubtedly be at the forefront of shaping the business landscape.