Explore Insights into Business and Workforce at International Conference in Jaipuria School of Business!

Jaipuria School of Business organized an international conference on “Re-imagining business and reskilling workforce for emerging digital Ecosystem” on 13 February 2021, where corporate leaders and academics discussed the current state and future of business and the workforce in the digital era.

Saurabh Goel, President of Havells India Ltd., delivered the keynote address, while Mr. Ravichandran Venkataraman, Founder, and CEO of Alive Consulting and Smrti Academy, gave the guest address. Dr. Uttiyo Raychaudhari, Vice-provost for Internationalization at the University of Denver in the United States, was the conference’s, Chief Guest.

The event headed with a Saraswati Vandana at 9:30 am was followed by Mr. Shishir Jaipuria, Chairman of the Seth Anandram Jaipuria Group of Educational Institutions, giving a welcoming address.

Mr. Shishir Jaipuria said, “Businesses across all sectors have to keep an eye open for the technological growths that are transforming the corporate landscape and demanding reskilling of the workforce the business environment of the digital age. Only then we can hope for holistic societal development and true progress.”

Mr. Saurabh Goel’s focused on the massive digital shift that has occurred as a result of the Covid-19 outbreak. Further, he said, “The transformation that we previously thought would come from CEO or CTO came from Covid. Business leaders recognize that digital knowledge is the driver of revenue. Over 80 percent of businesses are adopting digital tech, and 65 percent expect to increase their budgets in digital.”

With his discourse on the rise of the cyber-physical age, Mr. Ravichandran Venkataraman moved the conversation further. He said,” “The world has changed from the machine age to the information age and now to the cyber-physical age. The factors responsible for the change are mobility, data, the internet of things, and content creation. For future-ready organizations, speed-to-value and radical collaboration will be the driving forces. The administrations would need clarity of purpose, radical collaboration across ecosystems, rigorous talent management, rapid data-driven decision-making, new organizational structures, and new entrepreneurial culture to move ahead in the digital age.”

Dr. Uttiyo Raychaudhari, the chief guest, spoke about the subject from a worldwide perspective. He further explains,” “The digital ecosystem has disrupted the monolithic chains that we use. We are renovating from the age of information to collaboration. The growth of technology has given us so much information that data virtually guides every business decision. It’s also disrupting existing structures. The critical factor is that we must navigate data and process this data with efficiency. The world economic forum, in its report, estimated that machines would disrupt about 75 million jobs, that is, by AI-driven automation, in the next few years. The same report also found that the division of labor between humans and machines and algorithms, while disrupting jobs, is set to create 133 million new job roles.”

Dr. Jitendra Kumar Mishra, director of the Jaipuria School of Business, proposed the vote of thanks. He stated that the conference provided some fascinating perspectives that will aid in re-imagining new business models for the digital age and, as a result, reskilling and upskilling the workforce to lead such businesses.

He said, “We are pleased to have such an elite panel of speakers coming from industry, academia, and not-for-profit domain to deliberate on the theme of International Conference. Therefore, unfolding the nuances of digital disruptions and its implications on business and society for all us attending virtually.”

Jaipuria School of Business emphasizes the advanced learning of students through experience and caters to this idea through seminars and workshops.