The Digital Era is characterized by technology which increases the speed and breadth of knowledge turnover within the economy and society.
In areas which are relatively stable, knowledge turnover is low, and new variation, when produced, is rarely retained. In other words, less stable parts of the system, faster knowledge turnover is advantageous as new knowledge is produced more frequently allowing for adaptation to the changing surrounding environment. Mixing and matching rates of knowledge turnover makes for a dynamic but ever-lasting world.
The advent of the digital era has produced spectacular successes and colossal failures in the business world. Both of them provide lessons that must be learned, or guides to what does and does not work when a business adapts to digitalization
Digitization often lowers entry barriers, causing long-established boundaries between sectors to tumble. At the same time, the “plug and play” nature of digital assets causes value chains to disaggregate, creating openings for focused, fast-moving competitors. New market entrants often scale up rapidly at lower cost than legacy players can, and returns may grow rapidly as more customers join the network. Thus, Digitization is rewriting the rules of competition, with incumbent companies most at risk of being left behind. Going digital is the only option available to survive in the near future.
To identify the factors responsible for enhancing the business presence in the Digital World.To analyze impact of Digital Era on Economy of Maharashtra.
Dr. Vikhe Patil Foundation’s Pravara Centre for Management Research and Development successfully conducted the State Seminar on ‘Business in Digital Era’. The seminar was held in the Campus on 19th January 2017.
10 resource persons were invited to speak on different dimensions of the theme. The State Seminar commenced with Dr. Divya Lakhani, Convener, welcoming the Guests and the Participants.
The Chief Guest, Mr. Awadesh Mishra, VP, Deutsch Bank, inaugurated the Seminar. It was followed by the address of Keynote speaker Mr. M. H. Limaye, Director, AP Global Consultants.
The Guest Speakers at the State Seminar included:
Mr. Tapan Pandit, Freelance Media Professional
Mr. Abhishek Nakhate, Process Lead, TCS
Ms. Suvarna Dhamdhere, Assistant Professor, HNIMR
Mr. Hemant Kulkarni Chairman – HK Group
Mr. Vishal Bumb, Financial Advisor, Jalgaon
Mr. Sudhakar Kulkarni, Certified Financial Planner
Ms. Vaishali Parkhi, Siddhivinayak Consultancy
Mr. Kushal Jirafe,
The programme ended with the valedictory session wherein Dr. Manoj Narwade, Director, PCMRD gave away the certificate of participation.