RPA, Blockchain, AI/ML, Cloud hold potential to transform businesses significantly
By MYBRANDBOOK
Harsh Arora
Group Head IT
Hindustan Power
CIO priorities for 2022
These are the golden days for IT & IT professionals. Last two challenging years have made the industry understand the importance of technology in running the businesses. Technologies like RPA, Blockchain, AI/ML, Cloud etc. have the potential to transform the businesses significantly. These technologies are not only required for business growth but even to sustain the existing business.
Digitization - opportunities galore
Huge growth in power demand and shortage of coal presents challenging opportunities for IT to provide solutions for supply chain improvement, demand prediction, reduction of plant downtime using predictive maintenance tools etc.
Tech talent: A challenge
Acquiring the right talent has definitely become a huge challenge. It is difficult to get good resources particularly on new technologies. Not only that, retaining good talent is also a big challenge. We have adopted a strategy to hire freshers, get them trained in the required technologies and give them an environment to grow so that we can retain them. We have envisaged to create a pool of resources on niche technologies.
IT: The Future of India
The way the software industry has grown during the last 25 years, it has made India a soft power. It has significantly added to the country’s GDP. One can find Indian talent in almost every IT based company across the globe. Digital initiatives run by the Government of India have significantly improved governance. Encouragement to start-ups, is helping to create many unicorns. Digital platforms like UPI, Co-win and new initiatives like digital currency have shown the technical prowess of the country. IT enablement will reduce corruption significantly and ensure that wealth reaches the masses.
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