Tata Sons Chairman lists five megatrends for future
By MYBRANDBOOK
In his virtual address at the Confederation of Indian Industries session on future businesses, Tata Sons Chief N Chandrasekaran listed the focus on artificial intelligence and supply chain rebalancing among five megatrends for the period to come.
Among others, the megatrends which Chandrasekaran listed at the “Being Future Ready: CII session” were remaining sustainable, shifting attention towards health and wellness-related value propositions, and accessing talent from across the globe.
According to Chandrasekaran, digital adoption, including the use of advanced technology in data science and artificial intelligence, is of utmost importance for all businesses. “Robots and bots will play a significant role. At the Tata Group, we are in a massive transformation to become future-ready. We are tightly integrating or embedding digital data, AI and sustainability as the core of the business building strategy, and most importantly, in the business model itself,” he said.
While emphasizing India's role on this front, Chandrasekaran claimed that inflation in the country is “going to be lower” than in the West. The emerging geopolitical situation is “fundamentally rebalancing” the global supply chains, Chandrasekaran said, adding that around 70 percent of the world's growth will come from emerging economies in the coming decade.
Listing sustainability as the third major megatrend, the Tata Sons chief claimed that new-age startups would find a major role in addressing the climate-related challenges. He also mentioned health as an area that would warrant significantly higher attention as the world moves into the future.
The fifth trend where businesses need to apply their minds will be “global talent”, Chandrasekaran added. Skills will become far more important than expensive formal education, he said, further claiming that the old talent architecture will change not only in the services industry but across all industries.
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
In India, 88% of Indian business leaders are planning to inves
As we move through 2024, it has become increasingly clear that AI is not ju
Alcatel-Lucent Enterprise Carrying a 100 year legacy ahead
A good amount of R&D works and global support services are operated out of
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
BHARAT ELECTRONICS LTD.
LAVA INTERNATIONAL LTD.
SECUREYE SERVICES PVT. LTD.
VEHERE INTERACTIVE PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
SHAKTIKANTA DAS
Shaktikanta Das is serving as the current & 25th governor of the Reser...
Icons Of India : Deepak Sharma
Deepak Sharma spearheads Schneider Electric India. He brings with him ...
Icons Of India : NEERAJ MITTAL
He started his career as an IAS Officer in 1992. He has held various a...
PARTNER SPEAKERS
PSU
NPCI - National Payments Corporation of India
NPCI is an umbrella organization for operating retail payments and set...
CSC - Common Service Centres
CSC initiative in India is a strategic cornerstone of the Digital Indi...
EESL - Energy Efficiency Services Limited
EESL is uniquely positioned in India’s energy sector to address ener...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Thomas Kurian, CEO- Google Cloud
Thomas Kurian, the CEO of Google Cloud, has been instrumental in expan...
Indian Tech Talent Excelling The Tech World - Dheeraj Pandey, CEO, DevRev
Dheeraj Pandey, Co-founder and CEO at DevRev , has a remarkable journe...
Indian Tech Talent Excelling The Tech World - REVATHI ADVAITHI, CEO- Flex
Revathi Advaithi, the CEO of Flex, is a dynamic leader driving growth ...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
