“Digital technology gives a much more detailed view of risk management” – 20 quotes on digital transformation

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Launched in 2014, StoryBites is a weekly feature of YourStory, with notable quotes in our articles from last week (see previous edition here). This special series of quotes focuses on the growing impact of digital media around the world. Share these 20 gems and insights with your colleagues and networks, and come back to the original articles for more.

See also our selection of Best quotes of 2021 on entrepreneurship, investing, digital transformation, storytelling, India’s opportunity, pandemic resilience, failure recovery, design and art.

Technology has changed the value proposition across the entire business chain. – Deepak Bagla, Invest India

By using integrated ERP applications that share a database, you can simplify IT and give everyone a simpler way to work. -SAP

There’s no better time than now to create a fund focused on supporting the next generation of game creators. – a16z

Cloud education is key to the success of India’s large and diverse SME market. – Puneet Chandok, AWS India and South Asia

We are witnessing a seismic shift in the marketing technology countryside. Users today demand to be treated as individuals, which has forced brands to change the way they interact with them. -Sunil Thomas, CleverTap

Countries like the United States, Australia, Israel and the Netherlands have already embraced these new technologies and revolutionized their agriculture from the ground up. The advantages of agritech are clear and demonstrable. -Ananda Verma, Fasal

Startups’ digital solutions can improve the home painting experience throughout the consumer’s painting journey – from planning and painting to post-care. – Vandana Krishnia, AkzoNobel India

The adoption of digital health and fitness products will be led by women because of the massive convenience and accessibility they unlock. – Ekta Tibrewal, wild

The advent of AI-powered platform-as-a-service solutions has revolutionized the hitherto unorganized after-school tuition market. – Nandini Mansinghka, Angels of Mumbai

Children have short attention spans, and the things that grab their attention are things with quick gratification loops. Of all the different types of engineering specializations, coding does that. – Anshul Bhagi, Camp K12

Pure online tutoring was a forced choice during the COVID-19 lockdown, but now the offline classroom model using technology will be the successful hybrid model. -Vivek Varshney, SpeEdLabs

Online and offline are relevant in the new normal. Online because they offer ease and convenience and offline because people want to go out and indulge in retail therapy. – Sonal Jindal, Medusa

We are sitting on a beginning of a secularism of 10, 20, 30 years digitalization trend. -Amit Anand, Jungle Ventures

The rise of product-centric businesses and the emergence of a new era of end users require innovative solutions that address product activity data as a first-class citizen to drive meaningful engagement with customers. – Dave Rigotti, Inflection

There is a greater risk that digital innovations will continue to increasing inequality rather than advancing equity. Thus, issues of opportunity, access, knowledge and skills in the digital context need to be articulated and addressed. – Anil Bhardwaj, FISM

Confidential data is everywhere. Data is in transit with third parties, public clouds and personal devices. Companies cannot afford to “hunt” for this data throughout its lifecycle. – Vishal Gupta, Seclore

[Tech startups] should always keep at the forefront of their business plan a sustainable way to operate and grow their business. – DS Prashant and Thejus Joseph, FiiRE

The idea of holistic planning cannot take place without solid technology and in-depth analyses. – Ameet Ayare, Actlogica

Digital technology gives a much more granular view of risk management than traditional models. – Bipin Preet Singh, MobiKwik

YourStory also published the pocketbook “Proverbs and quotes for entrepreneurs: a world of inspiration for startups” as a creative and motivational guide for innovators (downloadable as apps here: Apple, android).

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