Nandan Nilekani, Non-Executive Chairman, Infosys and the chief architect of Aadhaar shares how India is going digital and transforming into a Post Paid Economy using Data at AIMA’s 62nd Foundation Day 2018. Excerpts –
Nandan Nilekani, Non-Executive Chairman, Infosys Ltd., speaking on ‘Disrupting the Disrupter’ at the AIMA’s 62nd FoundationDay
Today I’ll speak about ‘Disrupting the Disruptor: Finding the next Big Idea’ and I’ll try to give you an idea of what’s happening in India in the world of digital technology, and why is it so special and so unique and why it has such a big impact on our business.
I will talk about three fundamental trends and I would put the facts and figures at your disposal on how India is becoming digital, which means it is becoming paperless and cashless; how is GST becoming business compliant and why is it so strategic for the economy, what’s the impact of that; and what is the role of data in India’s future because data is the most strategic asset of the 21st century. Today, huge battles are being fought all over the world for data. The big issue is the rise of the internet Giants who have huge amounts of data and on that data, they are able to apply AI and keep getting better. So fundamentally what is India’s strategy in terms of data to be a powerful country in the age of data and AI and machine learning?
Mr Rishi Jaitley, CEO – Times Global & Former Twitter India head sharing his top 5 insights on the topic ‘Strategies for a Data Economy’ at AIMA’s 3rd National Leadership Conclave 2017.
Rishi Jaitly at NLC 2017
Hi everybody, it’s great to be here and particularly in a conference where we are not just talking about the data economy but I know the theme of the gathering is about Asia more generally and how we ought to be thinking about the next 10 years.
I am going to take a slightly different approach. What I want to talk about is that; we are existing in an economy that is increasingly data driven, where consumers are being asked to engage digitally and I think the question I would ask does it change how we as businesses, as nonprofits, as brands, as leaders interact with consumers and if so, how? And I guess what I’m going to suggest that in a data economy, creativity, storytelling, culture matter even more. So if you’re interested in reaching consumers in a noisy era where they are living on digital increasingly, where personalization is a turnkey service offered by vendors everywhere. I guess what I would poses and what I’m going to run through is the personality of your brand, the extent to which your product thinks about culture, behaves like a human and touches people emotively, emotionally matters even more in that economy. And so I’m going to run through five insights that I think might help guide how you think about going to market in this new world. And all of these issues, by the way, are particularly true in Asia and of course in India where I think consumers are in any case more likely to be moved by what I call culture storytelling and more.