The pandemic has “fundamentally accelerated” the approach of digital transformation across industries, and firms equipped with digital technologies are going to be more resilient and be capable to adapt more quickly to any tail occasion, Microsoft CEO Satya Nadella stated on Thursday.
“What we were going to think about during 2030 is probably going to be true in 2025,” Nadella added. He was speaking at the Resurgence TiEcon Delhi-NCR summit.
Nadella, who was in conversation with Flipkart Group CEO Kalyan Krishnamurthy, underlined the structural modifications that corporations have observed and the escalating convergence of the on the web and the offline across sectors ranging from healthcare to retail. Nadella stated though telemedicine has normally been talked about in the previous, the practice will only turn into more prevalent in the coming days. “Now every outpatient visit is going to start with a telemedicine visit first,” Nadella stated.
“…digital technology is becoming core to both how we think about resilience and business continuity as well as bringing about that next level of productivity change and gaining efficiencies across every industry. No company can be 100% resilient or immune to issues but the bottom line is any company that has digital technology in its core is going to be more resilient and faster to transform and adapt to any tail event,” Nadella stated.
Microsoft will act as a platform and tool provider for start off-ups which Nadella believes are bringing about a transformation in the broad economy and society. Nadella described a couple of Indian start off-ups like Pixxel and CoRover that are applying the company’s Azure services to make on their goods.
“Paisabazaar is a fintech company..during the pandemic, in fact, they have done very transformative work around lending products. So, we are seeing broad usage of the platform that is being used by entrepreneurs all over with high ambition across all sectors of the economy and that to me is the exciting thing in this next phase. It is not about the tech industry in its narrow sense. It is digital technology becoming much more pervasive part of all industries and in fact entrepreneurial activity in all industries getting that amplification because of the software and digital tech,” Nadella stated.