‘Data is at the center of all decision-making’: 2022’s top 50 quotes on digital transformation

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Drawn from our comprehensive coverage of entrepreneurship, innovation and technology, we present 50 quotes of the year on the continued rise of digital media and technological transformation. See also our compilation of annual quotes for 2021 Y 2020.

We have divided these 50 quotes into eight categories: Data and Decisions, Electronic Commerce, Democratization, Creator Economy, Business Impacts, Sectoral Transformation, Technological Trends and The Way Forward.

Verify your history Book Review section with more than 350 titles on entrepreneurship, innovation, startups, leadership and technological trends. See also our list of The 10 best books of the year for entrepreneurs for 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013 Y 2012.

Your history Wishing all founders, innovators, change makers, and storytellers a Happy Holidays, and all the best for success and impact in 2023!

1

Data and decisions

Data science must be ubiquitous, integrated into your business processes. – mohit kumar

Data is nothing without strategy. – Bernard Marr, ‘Data Strategy’

The data is soil, it is fertile, it is an ecosystem where you can make interesting applications. – Vimal Venkatram, Snowflake

It’s about refining raw data into actionable insights. – Rashmit Singh Sukhmani, SatSure

Data will play a crucial role in driving a hyper-personalized experience. – pickrr

Data helps to make points more articulately, argue more coherently, and reach a higher elevation in our conversations, whether among friends or with the general public. – Govindraj Ethiraj, IndiaSpend.org

Data is at the center of all decision making. – Kirat Chhina, urban company

Metadata is the glue that can hold the modern data stack together, the layer that will enable increasingly diverse and isolated tools and people to collaborate effectively. – Prukalpa Sankar, Atlán

2

electronic commerce

Electronic commerce must be democratized. The right way to build technology should be to make life better for everyone, not just a few people. – Saahil Goel, Rocket

The global retail industry is currently undergoing a generational change. The future has always been in e-commerce, and the pandemic has only accelerated this change. – Arpit Gupta, RetainIQ

The advent of technology and digital accessibility means we are no longer in a one-size-fits-all era. With the amount of data available to brands, consumers expect hyper-personalized experiences. – Avlesh Singh, Web Engage

Live trading is inevitable. It is not new; It is similar to teleshopping networks. – Kaushik Mukherjee, SUGAR Cosmetics

The future of trading is undoubtedly conversational. – Aakrit Vaish

Consumers love to watch video content before making transactions. That’s why content-based commerce is the future of eCommerce. – Saurabh Singh, Flickstree

When one is starting a new brand, digital is the best bet. You can create demand and presence for your product. But after a point, offline is the way to go. – Abhishek Shah

3

Democratization

The biggest challenge when it comes to any new technology is inclusion. How do you actually make it accessible to everyone and then be owned by everyone? – Suruchi Gupta, GIANT Protocol

Connected women, empowered with access to technological processes, are key to the economic growth of a country. – Sumana Iyengar, Goavega Software

Technology is the key to creating a level playing field for rural and urban by opening up opportunities in all towns. – Vamsi Udayagiri, Hesa

If you have a smartphone, you can have a passport. – Golok Kumar Simli, MEA, Government of India

Innovation will always be ahead of governance. They all know that. It’s basically a matter of catching up. – Vivek Gupta, CoinDCX

5

creator economy

A growing OTT market is a boon for consumers looking for content and an opportunity for advertisers to reach the right audience. – Akshay Modi, Modi Naturals

The creator space is the only one where you can start at any age. – Mansi (Magsplay)

Your comment section is your university. and tell you what you can do better. – Manish Pandey, Brand Consultant

Every company today is a content company. All companies are investing heavily in content marketing. – Anirudh Singla, Pepper

Live streaming and content moderation are inseparable. – Varun Saxena, Bolo Live

7

business impacts

While hybrid work may represent the best of both worlds of work, this shift may require an investment in more sophisticated technology. – Rahul Goyal, ADP

Knowledge management is being transformed into ‘Digital Intelligence’. The role of knowledge managers is being transformed to add intelligence to the workforce with the help of digital technologies. – Hariprasad Reddy, Wipro

Software is a global business, and no matter where you start, you must compete against the best to build lasting institutions. – Arpit Maheshwari, Stellaris Venture Partners

Applications are the epicenter of any business. – Venkatesh Sundar, industrial industry

Technology can’t do much in the absence of a digital footprint. – Gaurav Lahoti, Khatabook

Threats and vulnerabilities have become a way of life, especially in the cloud arena. So we need to understand the risk and then understand ways to mitigate it. – Suvin Mullaseril, Palo Alto Networks

7

Sector transformation

The fact that digital payment models have become profitable is testament to their strength. There is the possibility of touching many more lives. – Anubrata Biswas, Airtel payment bank

Fintech and the rise of startup culture go hand in hand. – Robin Bhowmik, Manipal Global Education Services

This is the era of a global financial revolution! Social commerce is the future. – Dipankar Biswas, FlipItNews

This first digital age is all about scalability and the largest banks of 2030 will be digital first. – Brett King, moved

Digital technology offers a much more granular view of risk management than traditional models. – Bipin Preet Singh, MobiKwik

The adoption of new technology is necessary for a transparent accounting system. – Nirmala Sitharaman, Union Finance Minister

Robotics is also being used in laboratories and hospitals for repetitive tasks, rehabilitation and physical therapy, and to support patients with long-term conditions. – Vineet Aggarwal

8

technology trends

There is currently a great need for scalable and reliable 5G solutions in almost every business and industry. – Kalyan Kumar, HCL Tech

With affordable smartphones and easy access to data, the demand for good learning content is experiencing unprecedented growth. – Kinner N. Sachdeva, Knorish

Synthetic media is about to become ubiquitous in the near future, and voice is at the center of it all. – Ankur Edkie, Murf AI

Technology drives great experiences. – Janelle Estes, user test

Digital requires you to be more human than ever. – Samriddh Dasgupta, face to face

Platform business models are stabilizing and proliferating, based on ubiquitous connectivity and access to information, creating massively networked ecosystems of customers, vendors, and market enablers. – Anand Sri Ganesh, NSRCEL

We see an evolution and a revolution taking place, where today’s software is an integral part of any solution. There is a lot of software being integrated into all sorts of products, including hardware, and this dominance is mostly due to deep tech. – Ramkumar Narayanan, NASSCOM Product Council

9

the road ahead

The world needs a talent pool of 20 million developers by 2030. – Ashish Sharma, Senior Graduate

Do not have an affinity with a single technology, get out of your comfort zone to look at new technologies and experiment with different solutions. – Ashish Anantharaman, ZestMoney

If you travel in technology, you can travel in the future. – Corinne VigreuxTomTom

There is so much inefficiency that technology can solve. Following these models means that the founder can take to the streets with the product that he has created instead of creating a new category that did not exist. – Venugopal Ganapathy, Axilor Ventures

Technology is a terrible master but a wonderful servant. We can condemn it or accept it and use its tools to make our lives more efficient. – Sachin Shukla, UPDATED

With technological capabilities, also comes responsibility. – Jyoti Joshi, Kroop AI

Your history He has also published the paperback ‘Proverbs and Quotes for Entrepreneurs: A World of Inspiration for Startups as a creative and motivational guide for innovators (downloadable as apps here: Apple, Android).