Nandan Nilekani, Co-Founder, Infosys & the catalyst of digitisation in India, addressing AIMA’s 63rd Foundation Day 2019. Read Excerpts –
Nandan Nilekani addressing AIMA’s 63rd Foundation Day.
I think the topic – Innovation in the age of disruption – is very important. We tend to think that innovation is about 23-year olds wearing hoodies doing things, but in some sense, the innovation in India is happening by everybody at all levels. Innovation can happen in the private sector, the public sector, whether you are young, whether you are old, it really doesn’t matter. It is really the mindset of bringing new ideas into play. Ideas are really what makes a difference, and if you are able to get your ideas and get them embedded in the system, then anything can happen.
Innovation can come from anyone whether they are incumbents, challengers, young or old, in the private sector or in government; and I think that’s the spirit in which we need to think of innovation in this age of disruption because clearly disruption is a given, the velocity of change is unprecedented. Technology and many things are causing velocity, that we have never seen before, the knowledge accumulation is happening at a phenomenal pace, more knowledge was created in the last six months then the previous thousands of years, we are seeing the rise of data in unprecedented ways, we’re seeing companies accumulate huge amounts of data, thanks to smartphones they are using more data and tomorrow as we sensorize the world as every device every car everything has a sensor, then the data is going to be even further bigger than what it is today.
To celebrate its Diamond Jubilee Year, All India Management Association organized a special session with The President of India, Shri Pranab Mukherjee at Rashtrapati Bhavan on June 7, 2017.
Shri Pranab Mukherjee addressing ‘Special Session to commemorate AIMA’s Diamond Jubilee Year’
It’s pleasure for me to be present amongst you this evening when we are celebrating the Diamond Jubilee of AIMA. You can be proud of sustaining a culture of excellence for six decades. The achievements of the last sixty years, I am sure shall motivate you to even greater heights in the years to come. When you began your journey in 1957, the country was entered into the phase of industrialization, because the major industrial policy thrust was given in 1956 industrial policy resolution. It was the launching of the second five year plan period and subsequently, you have seen how India progressed. And from a country when it began its independence 70 years ago and 10 years before you began your journey, it was one of the poorest countries in the world for more than half a century. From 1900 to 1950 the economy registered just below 1 percent annual average GDP growth. India was in deficit. At that juncture, your organization took a giant leap I must say, not in darkness but with definite aims and objectives that we must come out, fully exploit our potentials, particularly amongst our youth. Give them managerial tools, sharpen their skills and make them the best available many years to manage. It is not merely the management of material. It is also the management of the ethos, their culture and also to carry on the legacy of a heritage which is of 5000 years old civilization.