Friday, January 24, 2025
Date: 24th Jan 2025
Time: 11.00 am to 1.00 pm
Venue: Seminar Hall, Dr. D.Y. Patil B-School
Resource Person: Mr. Amitabha Sinha, Lummus Digital
Participants: PGDM Students
Faculty Coordinator: Dr. Arpit Trivedi and Mr. Yash Verma
Organizer: Start up and Innovation Cell
Objectives
The objectives of the event were:
1. Understanding process of Innovation Development & Technology Readiness Level (TRL) and Commercialization of Lab Technologies & Tech-Transfer.
2. Focus on idea generation to technology readiness and commercialization. Also helping participants to understand Tec transfer.
3. Valuable insights on Artificial Intelligence in Business.
The session titled “Impact of New Age Tech and Analytics on Today's Business World” was conducted by Mr. Amitabha Sinha, the Managing Director and Chief Digital Officer (CDO) of Lummus Digital, US. The session took place on Friday, 24th January 2025, from 11:00 AM to 01:00 PM.
The resource person, Mr. Sinha, provided attendees with a comprehensive understanding of the growing influence of new technologies such as Artificial Intelligence (AI), Machine Learning (ML), Big Data, Internet of Things (IoT), and blockchain in reshaping the business world. These technologies were highlighted for enhancing decision-making processes, optimizing operations, and enabling companies to innovate in ways that were previously unimaginable.
Mr. Sinha delved into how businesses were harnessing the power of advanced analytics to derive actionable insights from vast amounts of data, allowing them to make informed decisions that drove efficiency, growth, and profitability. He also explored the challenges organizations faced in adopting digital transformation strategies and how they successfully navigated these challenges to unlock new opportunities for growth.
The session provided valuable insights into how Artificial Intelligence (AI) is being utilized by entrepreneurs to create innovative solutions and drive business success. Mr. Sinha discussed how AI technologies can be leveraged to automate processes, improve customer experiences, and unlock new business models. Entrepreneurs can benefit from AI in a variety of ways, including data-driven decision-making, predictive analytics, personalized marketing, and the optimization of business operations.
He emphasized that AI empowers entrepreneurs to scale their businesses efficiently by automating repetitive tasks, enhancing product and service offerings, and reaching customers in more meaningful ways. Additionally, AI can help entrepreneurs identify market trends and customer preferences, giving them a competitive edge in a fast-evolving business landscape.
This session offered a unique opportunity for students and faculty to engage with an industry leader and gain insights into the future of business and technology. By incorporating this event into the college's academic calendar, the institution ensured that it remained at the forefront of technological advancements, preparing students for success in the digital age.
This report highlights the session's value in enhancing students' learning experience, particularly in the areas of entrepreneurship and AI, and supports the college’s commitment to offering relevant, future-focused learning opportunities.
The key outcomes of the session were-
1. Students gained an understanding of the impact of emerging technologies on business operations.
2. Students learned about the role of advanced analytics in making data-driven decisions.
3. Students explored how businesses are adopting digital transformation strategies to stay competitive.
4. Students understood how Artificial Intelligence can be utilized by entrepreneurs to foster innovation and business growth.