NIAS Wednesday Discussion: "Digital Economy – Technology Evolution" by V.V.R. Sastry, Lecture Hall, NIAS, 0930 hrs
NIAS Wednesday Discussion
(As part of NIAS–DST Training Programme on “Science Policy and General Management”)
Topic: “Digital Economy – Technology Evolution”
Speaker: V.V.R. Sastry
Former Exective Director C-DOT & CMD, BEL
Chairperson: A. Palchowdury
Manager (Mech) (R&D) Dept., Smelter Plant NALCO, Bhubaneswar
Date: 7th March 2018
Time: 9.30 am
Venue: JRD Tata Auditorium, NIAS
All are cordially invited
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Abstract: ‘Digital Economy’ has taken a firm footing in the global business arena and is at present expanding at a rapid pace in the India also. Digital economy is a new platform available to all stake holders which exploits data to transform traditional business models facilitating new products and services, creating new process, generating greater utilities and ushering in a new management style. Advent of Digital Economy, Characteristics of digital economy, technological shifts that have enabled digital economy, key economic and social areas that had an impact of digital economy, visible signs of a digital economy, Digital mega trends and segments of digital economy are touched upon in this talk. Present status of digital economy globally and in India are also briefly reviewed. Government of India’s initiatives to catalyze digital economy in India like Digital India, Make in India, e-governance, Startup India, Skill India and Smart Cities are highlighted and their impact on business and society are analyzed. Penetration of digital economy in business segments like Financial Services, Retail & Consumer, Government, Education, Technology, IT, Communication, Entertainment, Life Sciences and Manufacturing segments is analyzed and the trends are noted. Two business segments, Telecommunications and Banking sectors are analyzed more in detail to identify the present status, initiatives, opportunities, threats concerns and areas of improvement. How penetration of smartphones, absorption of 4G, new technologies like SDN, Cloud and 5G & LTE are going to impact future usage scenarios are discussed. Technological trends and their impact on Indian manufacturing segment is analyzed. Impact of “Bharat Net Program” on the future of telecom networks and digital economy is also analyzed. New initiatives in the banking sector like Jandhan Yojana, demonetization, introduction of GST and concerns like NPAs, Bank Mergers and their impact on growth of digital economy are dwelled upon. At the end, suggestions for accelerating digital economy to achieve good growth rates are made.
About the Speaker: Mr.VVR Sastry is a result oriented technocrat with 48 years of rich experience in technology, technology management, leadership, research & development, corporate governance, electronic manufacturing and business development. Mr. Sastry, at present, is an adjunct professor at National Institute of Advanced Studies (NIAS) and is associated with the strategic and security studies. Earlier, till April 2014, Mr. Sastry was the Executive Director of Centre for Development of Telematics (C-DOT), an autonomous R&D organization under Department of Telecommunication (DOT), Government of India (GOI). Prior to his CDOT tenure, Mr. Sastry was the Chairman and Managing Director (CMD) of premier Defense Public Sector Navaratna Company Bharat Electronics Limited (BEL) from 2007 to 2009. Mr. Sastry has rich experience in telecommunications and defense electronics areas like military communication, electronic warfare, and strategic components. He has vast experience in technology development, technology management and corporate governance areas. He was conferred with the prestigious `Electronics Man of the Year’ Award by ELCINA (Electronic Industries Association of India) for the year 2007-08. He is a Fellow of Institute of Electronics and Telecommunications Engineering (FIETE). He is also a Fellow of Indian National Academy of Engineering (FNAE) from November 2017.
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