SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 May, 2020  

Handshake.9.Thmb.jpg Time for digitalizing business processes amidst COVID-19: Experts

   Top Stories
» 28 Indian startups raised over $800 mn in funding this week
» GST Council waives interest, penalty on notices to taxpayers under Section 73
» India's innovation ecosystem poised for exponential growth: Industry
» India's innovation ecosystem poised for exponential growth: Industry
» Overseas Indians faith grows in Indian economy with $1 billion deposits in April
SME Times News Bureau | 26 May, 2020

Director - SRTMI, Ministry of Steel, Mukesh Kumar, on Tuesday said that COVID-19 has changed the day to day operations and working of business and has made it necessary for businesses to digitalize their processes.

Addressing a webinar on 'Life After Lockdown: Actions for Growth, Operational Efficiency & Business Agility' organized by FICCI, jointly with IBM, Dr Kumar said, "Digitalization can provide major opportunities to business.

E-systems will also help in avoiding accidents; however, for small scale organizations there is a need for handholding for adopting technology."

He said that we have entered into an era where data will be collected digitally and this data when interconnected, can be used effectively. Dr Kumar added that data monitoring systems will help in improving production and efficiency of businesses.

S K Roongta, Non-Executive Chairman, BALCO & Mentor, FICCI Non-Ferrous Metals Committee, said that change is inevitable and companies will have to adopt technology and think about new operating modes. In the current context, technology will play a significant role and it will have to be used for fighting the present scenario, which will be a big challenge for the business leaders, he added.

Roongta said that this webinar was well timed as it provided an effective platform to the stakeholders of manufacturing sector, especially pertaining to mineral and metals industry to deliberate upon the ways required to navigate through the new normal. The deliberations provided useful insights helpful in enhancing the agility and flexibility of operations, supply chains and deliveries.

Rajesh Parameswaran, Industrial Sector Leader, IBM Services; Mr Sanjay Ojha, Cognitive Process Transformation Leader, IBM Services; and Dr Ashutosh Misra, Strategic Consultant, Global Business Services, IBM, also shared their insights on technological solutions to manoeuvre business post lockdown.

The webinar focused on the impact of COVID-19 on business and how adoption of technology will be the new normal for businesses going forward. The challenges in the value chain and at the corporate front were also deliberated upon.

Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
Will the Budget 2024 be MSME friendly
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter