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Digital Economy Fast Catching Up in India

Chennai: Digital technology has brought in enormous changes in the
life of the people across the world and India is fast catching up on
that count, said Dr C Velan, Executive Director & Chief Executive
Officer, TRIL Infopark Ltd (Ramanujan IT City) while inaugurating the
3rd edition of FICCI’s DT3 Digital Disruption & Transformation Summit
2018 on the theme Automation and Digital Opportunities here on
Thursday.

Stating that digital disruption is the need of the hour, he said it
can help accelerate the country’s economic growth in so many ways in
that all stakeholders have a greater say in the use of digital
technology to its fullest extent.

Velan said that the realty sector had gained a lot after the use of
digital technology which was not so some 10 years ago as the sector
was disorganised at that point in time.
Calling for skill development even while using the digital technology,
he said the country’s infrastructure development depended heavily on
automation and other technological innovations happening from time to
time.

In his theme address, Rajaram Venkataraman, Convenor, Technology
Panel, FICCI TNSC & CEO, Veltech TBI and founder of Naviyainsights said that automation has taken
over the physical and virtual worlds adding new value to human life in
all possible ways.

He said that digital workforce has huge opportunities and India is all
set to become the automation capital of the world and the time has
come for us to reinvent our strategies to achieve that goal.

K Dinesh, Co-founder, Infosys, in his keynote address, said that
digital technology has the power to change the future as the world is
moving from information age to intuition age.
He said the technology has made the world flat and it is also very
pervasive in nature in that there is a possibility of using the
technology to edit human genes also.

He also said that digital technology has made things possible for
creation of more jobs, mostly skilled ones in various domains and
industries, both in India and abroad.
Recalling his association with Infosys as one of its founders, he said
that the foresight and wisdom the founders had at the time of the IT
company’s launch had paid rich dividends over a period of time.

Sara Greengrass, Political/Economic Adviser, US Consulate, Chennai,
said that the US and India always worked towards shaping the 21st
century, all for the betterment of the people of both the nations, in
the field of science and technology.

Both nations have lots of stakes in various aspects of technology, including areas concerning clean energy, agriculture, pollution control and space technology, to name a few,'' she said and added, The US has enormous stake in India’s economic growth with investment
opportunities in various fields of business.”

Ar Rm Arun, Chairman, FICCI Tamil Nadu State Council & Chairman,
Valingro Group, said the space organisation ISRO has made things
possible for taking internet connectivity to remote villages in the
country as also the inflight connectivity, all because of the country
embracing new technologies available in various areas.
He also said Amazon and Ali Baba have exploited the e-commerce
business to their advantage and have become market leaders.
He noted that e-commerce business has a large market share in India
and the time has come for the country to leverage on it.

Ruban Hobday, Head, FICCI Tamil Nadu State Council, gave an overall
view of the summit and the three sessions revolving around the
topics–Automation Technology and Trends, Digital Relevance and Impact
Across Industries and Automation/Digital/ Reskilling/Opportunities/Startups.

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