The first plenary session of Day 3 was presided by Mr. Abhinav Johri, Global Digital Risk Operations Leader at Ernst and Young, Mr. Parveen Sharma, National Director – Information Technology, Shardul Amarchand Mangaldas & Co and Mr. Sanjeev Kumar, Director – Technical – MTNL. The session was chaired by Mr. Pankaj Gupta, Senior Vice President, Infrastructure Leasing and Financial Services, Gujarat.
Mr Pankaj Gupta, the Session Chair spoke about how everyone, nowadays doesn’t reads the Terms & Conditions when reading something such as at the first day of office or while downloading apps. He added, “Technology can cause disasters” and went on to say that, today mobile and telecom companies are tracking people for their own profit. He shared the fact that Google earns $35 million only through advertisements. He continued by saying that the four elements where trouble could be caused are Client, Media, Target Services & Impact on Human Resources. He added, “We should be aware & conscious of what we are doing.” There are also many issues with regards to the emerging technologies.
Mr. Abhinav Johri added to the discussion saying, “Societies of future will be largely dependent on data and evolved forms of data is knowledge.” He added that more and more data is always desirable and coming to the issue of security, he emphasized on the point that the more vulnerable one is, the more he/she can be exploited. He also stated that, according to a survey by E & Y, the weakest link lies within the organisation. He said that data is valuable and can be used immediately for profitable purposes.
Mr. Sanjeev Kumar spoke about how connectivity has improved technology, however there have been many challenges with respect to it and therefore, many security checks have been put in place. He said that the right connectivity and the right software needs the backing of a strong governance to ensure that the technology is reliable and affordable. He added that care and precaution are required to minimize the risks.
Mr. Parveen Sharma said that we are all a part of the digital world. He compared the servers behind firewalls and the people, with respect to the question, “What needs more security?” The weakest link are the people who have a lack of knowledge and they unintentionally leave data vulnerable. There exist three dimensions in an organisation Technology, Security and Governance. They are all growing at their own pace and there is a gap existing between the three. It is the responsibility of the people in the organisation to bridge the existing gap. He also pointed out that Organisations must know everything and be 100% accurate.
The Valedictory Session started at 12:00 Noon. Amongst the dignitaries present, Mr. Vighnesh Shahane, CEO & Whole time Director, IDBI Federal was the Chief Guest and Mr. Seshadri Rajaram, Managing Director, Erhardt + Leimer, Ahmedabad was the Guest of Honour. Dr. M. Mallikarjun, Prof. Balakrishnan Unny, Dr Shahir Bhatt, and Dr. Nityesh Bhatt were also present.
Prof. Balakrishnan Unny of the Institute of Management, Nirma University began the session by giving a brief report of the Conference.
The best paper awards were then announced. The 1st prize in the Faculty Category was awarded to Prof. Rahul Sharma and Prof. Amit Kakkar. The 2nd prize in this category was awarded to Prof. Darma Mahadea. The 1st prize in the Student Category was awarded to Akhil Gupta, Sparsh Srivastava and Rucha Kulkarni and the 2nd prize was a tie between Garima Chandnani and Manasi Akre.
The chief guest, Mr. Vighnesh Shahane, spoke about the Growth drivers in India and how technology and digitization have contributed in the growth. He said that Financial inclusion is of utmost importance. Quoting Jack Welch, a renowned American Executive, “If the rate of change on the outside is more than the rate of change on the inside, then end is near” he brought forth the facts that change is not only necessary but also fundamental to growth in all walks of life. He gave the example of Rahul Dravid and said that ‘reinventing one-self’ is what is required to succeed. Re-emphasizing on the importance of change in the course of growth he also gave the example of Mr. Amitabh Bacchhan.
The guest of honour for the Valedictory session, Mr. Seshadri Rajaram, casted light on the facts pertaining to the industry today and how it is changing for the manufacturing sector. He said “The point is not that we are not adapting technology, but that we are not implementing and maintaining it to its full potential”. So technology should be adapted but also used to its full potential, be it at an organisational level or societal level.
The session ended with the distribution of certificates and a Vote of Thanks to all the committee members who were instrumental in the proper functioning of the conference.
This article is contributed by Media Committee, IMNU
Picture Courtesy: Pratikriti- The Photography Club