IIM Sambalpur Business Conclave Highlights Importance Of Leveraging Convergence

Sambalpur: Marmagya 8.0, IIM Sambalpur’s annual business conclave, highlighted the importance of leveraging convergence as a powerful catalyst for businesses.

Themed ‘Catalyzing Business Resilience by Leveraging Convergence’, the conclave encapsulated the integration of diverse resources, technologies and strategies to create a robust and adaptive framework which can withstand disruptions and foster growth for businesses.

Thirty business leaders, thought leaders, industry experts and decision-makers from across India explored strategies and best practices for enhancing business resilience through the power of convergence during different panel discussions.

On Day 1 of the two-day flagship event, chief guest Kailash Pandey, President and Cluster Head, Hindalco Industries, spoke on the challenges and opportunities related to digitalisation, sustainability and workplace culture.

“We have a blend of old and new technology… Old technology where connecting the data or finding and utilising real-time data is extremely difficult. Therefore, we are now using digitalisation, AI and machine learning to facilitate communication. We capture data from every machine centre in real-time, utilise that data, and predict failures before they actually occur,” Pandey said.

IIM Sambalpur Director Prof. Mahadeo Jaiswal highlighted key achievements and initiatives undertaken by the organisation over the last eight years like Inclusiveness, Support for Small Businesses, Digitalization and Innovation.

Among their efforts to promote inclusiveness, particularly in educational institutions, is a significant increase in participation of female students in MBA programmes.

Rajiv Bhalla, former MD, Barco Electronics Systems, and Rachit Pradhan, Director of Business and Marketing Analytics, Zee 5, were the keynote speakers.

Panel discussions took place on topics like ‘IT & Consulting Panel – Leveraging Convergence for Digital Transformation’, ‘CEO/CXO Panel-Global Vision and Local Action Through the Prism of Convergence’ and ‘Finance Panel- Fintech Frontier: Bridging Technology & Finance for Future Financial Services’.

The second day of the business conclave saw panel discussions on – ‘HR Panel – Adaptive HR Practices for A Converging Business Environment’, ‘Operations Panel – Impact of Convergence on Sustainable Delivery of ESG Goals’, and ‘Marketing Panel-Revolutionizing Marketing Via Convergence of Technologies’.