Introduction
Digital transformation, or the fundamental rewiring of the operations of an organization, not only helps companies to compete but also to stay relevant in today's data analytics-driven world. Digital leaders create more value for their investors and shareholders. Simply put, a digital and AI transformation is the process of developing organizational and technology-based capabilities that allow a company to continuously improve its customer experience and lower its unit costs; and over time sustain a competitive advantage.
Worldwide spending on digital transformation, according to IDC, may touch nearly $3.9 trillion in 2027. While the US is expected to account for 35.8% of this spend in 2023, an almost equal amount is likely to be spent by the Asia/Pacific region (including Japan and China). Almost 35% of the global spending will be focused on using technology to improve operational efficiency in areas such as supply chain management, engineering, design and research, operations, and manufacturing plant floor operations, according to IDC. The Back-Office Support and Infrastructure segment, which includes core business functions such as accounting/finance/billing, human resources (HR), legal, security and risk, and enterprise IT, will be the second-highest spender.
Customer Experience and Client management are other important use cases, that are likely to account for 10% of all global digital transformation spends, says IDC. Core business functions that make up this area include customer services, marketing, and sales. Mining Operations Assistance, Robotic Process Automation (RPA)-based Claims Processing, and Digital Twins are other significant areas. According to Gartner, five technologies will transform the digital future of organizations -- digital humans, satellite communications, tiny ambient internet of things (IoT), secure computation and autonomic robots. McKinsey believes that given the growing importance of AI in generating business insights and enabling decision-making logic, any digital transformation today will invariably also be an artificial intelligence (AI) transformation.
That said, while the right combination of digital transformation actions can unlock as much as $1.25 trillion in additional market capitalization across all Fortune 500 companies, according to Deloitte, the wrong combinations can erode market value, putting more than $1.5 trillion at risk. This implies that getting digital transformation right takes more than just ambition and bold investments. As companies are trying to bring together business, technology, and operations to innovate digitally, they are facing a big challenge with digital and AI transformations. To do this, they're training their teams and setting up systems so that many teams can innovate digitally every day. It's a tough job, needing success on many fronts at the same time.
Experts who will speak at the Mint Digital Innovation Summit will highlight the opportunities, challenges, and trends in these areas across various sectors. They will talk about the strategic possibilities created by digital transformation, the technologies that are “aligned to strategy”, and how companies can adapt to and adopt new processes, resources, and ways of working.
Agenda
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12:30 PM – Onwards
Registration & Lunch
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2:15 PM – 2:25 PM
Context Setting
Leslie D'Monte, Sr. Associate Editor, Mint
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2:25 PM – 2:40 PM
What companies need to ensure when digitally transforming themselves in an AI, GenAI age
Speaker:
Aarav Singhal, Managing Director and Partner, BCG
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2:40 PM – 2:50 PM
How the L&T Group is becoming a digital powerhouse
Speaker:
Utkarsh Desai, Corporate Center Head – TI IC, L&T Construction
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2:50 PM – 3:00 PM
How AI, Digital Twins are enhancing access to healthcare
Speaker:
Dileep Mangsuli, Executive Director and Head of Development Centre, Siemens Healthineers
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3:00 PM – 3:10 PM
Enterprise AI - The reality check
Speaker:
Jayanth N Kolla, Founder & Partner of Convergence Catalyst
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3:10 PM – 3:20 PM
Quiz
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3:20 PM – 3:30 PM
What's next after LLMs -- The India opportunity
Speaker:
Gagandeep Reehal, Co-Founder & CEO, Minus Zero
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3:30 PM – 3:40 PM
AI in metaverse for digital transformation
Speaker:
Rrahul Sethi, Metaverse Expert & Founder, Metaverse911
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3:40 PM – 3:50 PM
Enhancing Financial Inclusion with Digital Innovation
Speaker:
Mihir Mehta, Co-Founder & CEO, PocketATM
Sushil Kurri, Co-Founder & CTO, PocketATM
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3:50 PM – 4:05 PM
Genomics + AI : Natural Allies
Speaker:
Pranav Anam, Founder & CEO, The Gene Box
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4:05 PM – 4:15 PM
How IoT, Data, and AI/ML make the Cities and Governance smarter
Speaker:
Suresh K.K, VP & Head - Platform Deployment and Applications, Indian Institute of Science(IISc)
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4:15 PM – 4:25 PM
How to implement AI, GenAI responsibly in the BFSI sector
Given the increasing use of AI/ML and GenAI tools in the BFSI sector, what should CXOs keep in mind?
Speaker:
Deepak Sharma, Tech Entrepreneur & CXO Advisor Independent Director, Suryoday Small Finance Bank
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4:25 PM – 4:35 PM
How Account Aggregator is helping India's digital mission
Speaker:
B. G. Mahesh, CEO, DigiSahamati Foundation
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4:35 PM – 4:45 PM
What India's laws say about Digital, AI transformations
India needs to strengthen its data protection and privacy laws and not just leave it to “informed consent”, which in most cases is uninformed or simply unavoidable consent. Companies need to get their act in order too, failing which they will face penalties. Laws also need to protect IP, trademark and copyright infringements.
Speaker:
Dr. Pavan Duggal, Advocate, Supreme Court of India and Chairman, International Commission on Cyber Security Law
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4:45 PM – 5:05 PM
Tea Break
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5:05 PM – 5:15 PM
Future of ePlanes in India
Speaker:
Prof. Satyanarayanan Chakravarthy, Founder & Director, The ePlane Company
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5:15 PM – 6:00 PM
How AI, GenAI is powering digital transformation across sectors in India
AI, and particularly generative AI, is upending how companies operate and build value, presenting huge opportunities including content generation, new discoveries (particularly in fields such as healthcare, pharmaceuticals and chemicals), and coding. But it can be easy to get distracted by shiny new toys. The lessons of past technology innovations still apply: value comes from having a clear understanding of business goals and how technology can help meet them. It’s important to experiment and learn rapidly, but it’s also critical to resist the temptation to develop use cases with exciting new technology that doesn’t end up creating value for the business. Building value with generative AI requires the same strong competencies needed for a successful digital transformation, including a clear strategy, an in-house digital talent pool, and a responsive and scalable operating model.
Speakers:
Abhishek Ravi, CIO, Dream Sports
Dr. Roopa Basrur, VP, Global Safety Medical Writing, Parexel
Sushil Ostwal, VP- Project Head Data Science, Motilal Oswal Financial Services Ltd
Sudip Mazumder, Global Chief Digital & Information Officer, PGP GlassModerator: Shouvik Das, Special Correspondent, Mint (Moderator)
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6:05 PM – 6:15 PM
How Equal is leveraging the India Stack
Speaker:
Keshav Reddy, Founder, Equal
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6:15 PM – 6:25 PM
Understanding brain data patterns for enhanced decision-making & performance
Speaker:
Kumaar Bagrodia, Neuroscientist & Founder, NeuroLeap
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6:25 PM – 6:40 PM
How the Mahindra Group is leveraging AI, GenAI
Speaker:
Mohit Kapoor, Group CTO, Mahindra GroupModerator: Leslie D'Monte, Sr. Associate Editor, Mint
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6:40 PM – 6:50 PM
AI for the Next Billions
Speaker:
Pranav Mistry, Founder & CEO, Two Platforms Inc
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7:10 PM – 7:25 PM
What C-Suite executives should know about AI, GenAI trends
Speaker:
Andrew Feldman, Co-Founder and CEO, Cerebras Systems
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7:30 PM – 8:15 PM
What it means to become a Digital and AI leader
AI and GenAI are disrupting the way we live, work, and play. And because digital and AI transformations affect so many parts of the business, CEOs need to drive this transformation and effect a mindset change from the top. Wrong decisions can prove fatal to an organisation. AI, for instance, can help sustainable investors process mountains of data that hold essential information for ESG investing. AI also helps the content, sales, marketing, HR and supply chain departments, to mention a few. But CEOs need to ensure that their organisations are implementing AI and GenAI projects responsibly, failing which can impact valuations and attract penalties too.
Speakers:
Dilipkumar Khandelwal, CEO, Deutsche India, MD & Global CIO Corporate Functions, Deutsche Bank
Sigal Atzmon, Founder and CEO, Medix Global
Jayashree Satagopan, President - Corporate & CFO, Coromandel International Limited
Sajid Malik, Chairman & MD, Genesys International CorporationModerator: Leslie D'Monte, Sr. Associate Editor, Mint
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8:20 PM – onwards
Thank you note followed by cocktails & dinner
Speakers
Andrew Feldman
Co-Founder & CEO, Cerebras SystemsDilipkumar Khandelwal
CEO, Deutsche India, MD & Global CIO Corporate Functions, Deutsche BankSigal Atzmon
Founder & CEO, Medix GlobalPranav Mistry
Founder & CEO, Two Platforms IncSajid Malik
Chairman & MD, Genesys International CorporationKeshav Reddy
Founder, EqualMohit Kapoor
Group CTO, Mahindra GroupJayashree Satagopan
President - Corporate & CFO, Coromandel International LimitedDileep Mangsuli
ED & Head of Development Centre, Siemens HealthineersB. G. Mahesh
CEO, DigiSahamati FoundationDr. Roopa Basrur
VP, Global Safety Medical Writing, ParexelDeepak Sharma
Tech Entrepreneur & CXO Advisor, Independent Director, Suryoday Small Finance BankAbhishek Ravi
CIO, Dream SportsSushil Ostwal
VP- Project Head Data Science, Motilal Oswal Financial Services LimitedProf. Satyanarayanan Chakravarthy
Founder & Director, The ePlane CompanyDr. Pavan Duggal
Advocate, Supreme Court of India & Chairman, International Commission on Cyber Security LawAarav Singhal
MD & Partner, BCGSuresh K.K
VP & Head - Platform Deployment & Applications, Indian Institute of Science(IISc)Jayanth N Kolla
Partner & Founder, Convergence CatalystGagandeep Reehal
Co-Founder & CEO, Minus ZeroSudip Mazumder
Global Chief Digital & Information Officer, PGP GlassRrahul Sethi
Metaverse Expert & Founder, Metaverse911Pranav Anam
Founder & CEO, The Gene BoxKumaar Bagrodia
Neuroscientist & Founder, NeuroLeapMihir Mehta
Co-Founder & CEO, PocketATMSushil Kurri
Co-Founder & CTO, PocketATMUtkarsh Desai
Corporate Center Head - TI IC, L&T ConstructionLeslie D'Monte
Senior Associate Editor, Mint (Moderator)Shouvik Das
Special Correspondent, Mint (Moderator)Digital Coverage
Venue :
Mumbai