LBSIM organized the inaugural session of Corporate Conclave 2018

LBSIM organized the inaugural session of Corporate Conclave 2018
Abhay Anand | Oct 15, 2018 - 11:44 a.m. IST
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NEW DELHI, OCTOBER 15: The Lal Bahadur Shastri Institute of Management organized the inaugural session of Corporate Conclave 2018 on the theme: "Technology, Finance, Analytics, and Entrepreneurship: Making India ready for Industry 4.0"

The inaugural session started with the lightening of the lamp by Dr. G L Sharma along with various other guests and dignitaries.

This was followed by the welcome address given by Dr. D.K. Srivastava, Director of the Institute, who emphasized the importance of journey of Industry 4.0 and talked about the inaugural of a conference that cuts across all functional conferences organized by the Institute.

Monu Ratra commenced the session by talking about the penetration of data analytics into various sectors of the economy.  He stated how reset of a mindset is required to enter into Industry 4.0. Constant innovation increases competition and someone who is open to ideas will be the future leader.

The session was carried on by Amit Agnihotri who stated the importance of being human in future because of constant replenishment of humans by the advent of technology. He talked about industries that would be affected due to automation by 2025 and skills required to be successful by 2020 as per the world economic forum. He ended the session by saying "Technology is only trying to replicate humans so our job is not to be overtaken by machines."

Yogesh Rao talked about big data and high-performance analytics and key entrepreneurial challenges being growth, cost efficiency, and increased compliance. The analytics-driven digital economy is the new solution and highlighted the importance of credit decision-making. He talked about the theory of everything and the theory of relativity.
He ended the session by quoting: " Data refineries beyond humans will be needed very soon."

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