Bhubaneswar: As Odisha aims to become a 500 billion dollar economy by 2036, it is imperative to embrace digital transformation in different sectors to drive efficiency and growth, speakers at a national seminar on the subject said on Wednesday.
“To achieve this goal, the state needs to grow in all sectors of the economy for which digital transformation was required to make business sustainable,” Dr. Prabodh Mohanty, President of the Utkal Chamber of Commerce and Industry Ltd (UCCIL), said.
Dr. Mohanty was speaking as the chief guest at the inauguration of a day-long national seminar on the subject ‘Navigating the future of Sustainable Business Development through Digital Transformation’ organised by the Institute of Business and Computer Studies (IBCS), faculty of management sciences of Siksha ‘O’ Anusandhan Deemed to be University (SOA) here.
Stating that the mining and metal sector was the driving force of Odisha’s economy, he said the state government had introduced digital transformation in the mining sector as it could propel efficiency and growth.
Artificial Intelligence (AI) and Block Chain were influencing digital transformation which was playing a crucial role in shaping the future, Dr. Mohanty said.
The inaugural program was also addressed by Dr. Namrata Misra, Chief Executive
Officer of Bhubaneswar City Knowledge Innovation Cluster (BCKIC), Bhubaneswar among others.
Dr. Misra said the time was ripe for India’s digital transformation and the need was to focus on innovation and sustainable development.
“The research scenario in India is very different now as the country is witnessing a paradigm shift in career options. Students, who are the agents of change, are keen on entrepreneurship,” she said.
Dr. Misra said other countries were looking at India where digital transformation was taking place while Odisha was quietly carving a niche for itself as home grown start-ups were working on devices like Artificial Intelligence and Machine Learning.
