Organised by Frost & Sullivan, the eight edition of GIL 2016: Growth, Innovation and Leadership summit was recently concluded in Mumbai. Inspiring keynote sessions by industry stalwarts, Frost & Sullivan’s domain experts, illustrious panelists, and topical insights from 30 industry luminaries, economists, bureaucrats and more than 150 delegates were provided for well-rounded discussions.
The GIL India 2016 journey began with Frost & Sullivan’s Global President & Managing Partner, Aroop Zutshi, discussing the current internal and external challenges to India, and how enterprises need to implement strategies to battle competition and the ‘pace of change’. According to Zutshi, “As we embark into the era of artificial intelligence, every company globally will need to incorporate digital technology to serve their customers and create a competitive differentiation. All companies will be generating more data than ever before and will end up becoming digital analytics companies, thereby, opening new opportunities.”
An era of digitisation
This year, GIL India was inaugurated by Dr Ajay Kumar, Additional Secretary, Ministry of Electronics & IT, Government of India, who emphasised on how innovation is the key component for digital transformation and with the pace of innovation in India, the country is now becoming one of the fastest growing startup destinations. “Technology is bringing in digital transformation both for the Indian Government and for businesses. The good news is that this transformation is actually happening today on ground. We can feel the power of change. Within the government, transformations like Government e-market for government procurement, myGov. in for e-participation by citizens, faceless cashless paperless governance through the infrastructure of Aadhaar, Digital locker, eSign, e mandi, etc are examples of such hugely transformational programs” said Dr Kumar.
The summit also witnessed Frost & Sullivan felicitating Anu Aga, Non-Executive Director, Thermax Limited, with the prestigious ‘2016 GIL Leadership Award,’ for her contribution to the social sector, commitment towards philanthropy, and for bringing in strategic transformation at Thermax Ltd. During the Q&A session at the event, she pointed out that with technology, there are new avenues for social sector, such as crowd sourcing. She also emphasised the need for women’s empowerment in the industry, and how companies need to deploy suitable measures to recruit women across all functional areas, including engineering.
Then, Manoj Menon, Senior Partner & Managing Director— Asia Pacific, Frost & Sullivan, conducted a collaborative and interactive workshop on digital transformation for private and public brands in India across industries, where delegates assumed the role of digital strategy officers and chartered new roadmaps for business by including new-age technology, such as machine learning, artificial intelligence, cloud and social media. Participants brainstormed about how important it is to use technology to drive efficiency, productivity and innovation.
Interactive panel discussions with senior thought leaders and industry specialists highlighted the need for social inclusiveness with digital strategies, to drive India’s sustainable growth story.
Taking advancements forward
The one-day summit included perspectives from Dr Shubhada M Rao, Group President & Chief Economist, YES Bank; K Ganesh, Serial Entrepreneur, Partner—GrowthStory.in and Chairman, Portea Medical; Sharad Sanghi, CEO & MD, Netmagic Solutions; Govindraj Ethiraj, Founder, PING Digital Broadcast; Sameer Nair, Group CEO, Balaji Telefilms; Avinash Velhal, Group CIO India—Middle East & Africa & VP, IT & Process, Atos India; Dilip Sawhney, Managing Director – India, Rockwell Automation India; Jagdish Mitra, Chief Strategy and Marketing Officer—Head Growth factories, Tech Mahindra Limited; Delna Avari, Mentor, Consultant, Entrepreneur and others.
Industry breakout sessions brought forth views on the automotive, energy and television media domains, as well as the future of smart manufacturing. The panelists also debated on how to balance investments in new business models, while making the best of their current investments.
The evening concluded with Frost & Sullivan’s 2016 Indian Best Practices Awards, which recognised companies for their accomplishments in areas of innovation, convergent thinking and advanced technologies that will catalyse and transform industries in the near future. This year, 58 awards were presented to a range of deserving establishments and companies for their exceptional performance under various parameters like innovation, technological augmentation, revenue, customer service, service provider, etc.☐ Courtesy: Frost & Sullivan