‘The adoption of new technologies is necessary for a transparent accounting system’: 15 quotes on digital transformation

Released in 2014, StoryBites is a weekly feature of YourStory, featuring notable quotable quotes in our articles from the past week (see previous issue here). This special series of quotes focuses on the growing impact of digital media around the world. Please share these 15 gems and insights with your colleagues and networks, and check back in the original articles for more information.

See also our selection of Main appointments of 2021 in entrepreneurship, Investment, digital transformation, storytelling, the Indian Opportunity, pandemic Resilience, failover, Design, Y Art.

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Detailed, real-time visibility into the customer and business journey is quickly becoming a key differentiator between realizing or losing digital dreams. – Krishnakumar Natarajan, Mela Ventures

When you have [product-market fit] Well, you notice and you see that kind of hockey stick start to grow. – Abhiraj Singh, Urban Company

What I like most about technological interventions is the scale at which you can achieve social disruption very quickly. – Mansi Kasliwal, BYJU’S

Founder-led selling is a prerequisite for finding a product that fits the US market. – Jen Abel, Jellyfish

The literacy rate among Indian youth has risen to over 90%, meaning that a digitally educated population can afford smartphones and access digital platforms. – Bibhu Mishra, Global Education and Leadership Foundation

It is the responsibility of us, the leaders of the G-20, that the benefits of digital transformation are not limited to a small part of the human race. – PM ways

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We continue to witness the accelerating need for a digitally skilled workforce across all industries. – Krishna Kumar, Simplilearn

Despite recent technological advances, women find it difficult to access mentoring, networking, and funding opportunities. – Senthamarai Gokulakrishnan, Yuukke

Combined with the use of digital technology and the rise of e-commerce and direct-to-consumer models, consumers are entering the era of unprecedented access to high-quality, effective nutrition and supplements made to meet their needs. – Karan Singh, ACG

With the help of artificial intelligence, auto-generating content, automating chatbot conversations, and customizing news feeds can be simplified. – Arif Kazi, Dust Value Media Agency

In today’s beauty landscape, brands need an omnichannel approach. – Mauli Teli, Other Cosmetics

Specific government policies and strategies will also help identify and create a roadmap for deep tech deployment across all sectors. – Sangeeta Gupta, Nasscom

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A lending platform that relies on traditional credit bureaus and bank transaction data will never be scalable. – Sameer Aggarwal, RevFin

Bank lending software is one area where innovation has not kept pace with product releases, due to monolithic legacy software. – Bhavanipratap Rana, SIG

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

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