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2018-02-10 12:11:07

Strategic innovations coupled with products & services digitisation will lead the future businesses: President, PHD Chamber

President, PHD Chamber of Commerce and Industry, Anil Khaitan on Saturday predicted that businesses would sustain their operations with strategic innovations and digitisation of both products and services in future and those that ignore this key alliance will fall on wayside.

According to him, the future generations of businesses would have to reinvent both products and services and form a strategy based on out of box intellect and innovations to make them reach away to common masses with cost competitiveness of much higher scale than one can anticipate at a time when the world of businesses are becoming complex and cumbersome.

Delivering his Inaugural Address at the XIIIth International Conference on “Business 2025: Driving Growth through Strategic Innovation, Entrepreneurship and Digitisation” under aegis of PHD Chamber of Commerce and Industry and JIMS here today, Khaitan laid equal emphasis on data analytics pointing out that data existed even during regimes of closed economies, however, it was not a practice as usual to interpret them with intensity.

The difference between management and better management of businesses in modern times is becoming more pronounced and visible purely because of logical and conclusive interpretation of data analytics for longevity and sustainability of business operations.

Therefore, time has come that analysis of data are done with extensive cerebral exercise so that exact business possibilities and prospects are explored and negotiated well in time to make sure that businesses become perpetualised even in competitive age like this, added Khaitan pointing out that victories of warriors were ensured even in epic age of Mahabharat through strategy.

Among others who were also present on the occasion consisted of Joint Secretary, Ministry of Health & Family Welfare, Sunil Sharma; Principal, Shri Ram College of Commerce, Delhi University, Dr Simrit Kaur; Resident Representative to India, KAS Germany, Peter Max Rimmele, Director General, JIMS, Dr (Cdr) Satish Seth and Honorary Advisor, PHD Chamber, CM Krishna.

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