To stay ahead adjust biz models to changing trends Mgmt gurus

  • | Saturday | 19th January, 2019

Bain and Company’s partner Deepak Jain spoke about having two businesses in the age of disruptive technologies. Director of cyber securities and digital cities health care Ravindra Pal Singh added social dimension to discussion giving example of Pune’s famous Chitale Bandhu dairy using RFID on cow and analyzing data regarding its milking patterns to gain optimal results. INDORE: Urging industries to plan for future, which will be full of artificial intelligence , automation, analytics, internet of things and other similar concepts, 28th edition of Indore Management Association’s International Management Conclave started on Friday.Through video message, union textile minister Smriti Irani informed delegates about digitization of government and ways in which people’s voices can be heard.Speakers highlighted need for changing business models by adjusting to more flexible work force, changing work ethics and diversified functions in companies to stay ahead of the change. “Image sensing and data analysis can also be used for projects such as a health ATM where basic diagnostics can be done, predictive fatigue analysis to suggest possibilities of heart attacks etc,” Singh added.From the standpoint of education, Amit Kapoor said that most of the B-Schools in the country were glorified placement agencies focusing on getting children employed at companies instead of educating them.Giving the message of celebrating ‘Indian-ness,’ Ranjan Bannerjee said that being an Indian teaches people a lot of management skills such as ambiguity, crisis management and fighting odds

INDORE: Urging industries to plan for future, which will be full of artificial intelligence , automation, analytics, internet of things and other similar concepts, 28th edition of Indore Management Association’s International Management Conclave started on Friday.Through video message, union textile minister Smriti Irani informed delegates about digitization of government and ways in which people’s voices can be heard.Speakers highlighted need for changing business models by adjusting to more flexible work force, changing work ethics and diversified functions in companies to stay ahead of the change. Bain and Company’s partner Deepak Jain spoke about having two businesses in the age of disruptive technologies. Director of cyber securities and digital cities health care Ravindra Pal Singh added social dimension to discussion giving example of Pune’s famous Chitale Bandhu dairy using RFID on cow and analyzing data regarding its milking patterns to gain optimal results. “Image sensing and data analysis can also be used for projects such as a health ATM where basic diagnostics can be done, predictive fatigue analysis to suggest possibilities of heart attacks etc,” Singh added.From the standpoint of education, Amit Kapoor said that most of the B-Schools in the country were glorified placement agencies focusing on getting children employed at companies instead of educating them.Giving the message of celebrating ‘Indian-ness,’ Ranjan Bannerjee said that being an Indian teaches people a lot of management skills such as ambiguity, crisis management and fighting odds

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