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Webinar Summary: Disruption in ‘Business Digitization’

Digital Transformation
Digital Transformation

Earlier today, 3rd May’20 we hosted our 2nd webinar on ‘Disruption in ‘Business Digitization’ & Future Job Prospects in Digital World Post Covid-19’. Our speaker was ‘Siddhartha Rayapudi’ who is a digital evangelist and is associated with Hyderabad’s top Digital & Marketing Tech company Social DNA, as a Business strategy and innovation head.

One of the key objectives of webinar was to underline importance of changing technology and its impact on business. The speaker took us to a journey from Mid 18th century to 21st century, explaining how evolution of technology has enabled business toward efficient processes and turning factors of productions on its head. 

Impact on Indian Economy due to Low or Now Cashflow

The webinar further progressed with the discussion on impact of Covid-19 on drying up cash flows and slowing economic activity. The speaker stressed that Covid-19 is a key trigger in implementing digitization across the industry. Many aspects of the business processes are likely to turn digital and being tech-savvy is likely to yield benefits to employees.

Speaker discussed the Facebook-Jio deal wherein, Mark Zuckerberg has recently bought nearly 10% stake in Reliance-JIO. This deal is likely to disrupt the technology sector as Facebook’s official statement reads –

“This investment underscores our commitment to India and our excitement for the dramatic transformation that Jio has spurred in the country. In less than four years, Jio has brought more than 388 million people online, fueling the creation of innovative new enterprises and connecting people in new ways. We are committed to connecting more people in India together with Jio.”

Read More: Webinar Summary: Impact of Covid-19 on Stock Markets

For students, the speaker stressed how being tech-savvy is different from pursuing a technical degree. Students should learn to use technical tools, become tech-savvy, and explore opportunities to build personal equity.  

While we are coming up with our next webinar on ‘Product Management’, do let us know your feedback in this survey (Link Here). You can join our Whatsapp group for webinars here.

Covid-19 India Outbreak – 3rd May’2020

The total cases of novel coronavirus infection in India stand at 42,546 India where 2,717 cases new case was reported on On 3rd May’2020. While 11,775 cases have recovered, 1,391 people have died due to Covid-19. Out of the total reported cases, 29,380 are still in an active state with no outcome yet. Maharashtra(12,974), Gujarat(5,428) & Delhi(4,549) are the worst affected states of the country.

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