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I agree with your view on how technology has leapfrogged in recent years and has become the mantra for success. The ongoing 4th industrial revolution is thanks to advances in technology. The governments have understood that technology will not only help them function efficiently but also can be used for greater good. Iceland is producing 100% energy by renewable sources. Sweden is importing garbage to feed its recycling units! Technology can really do wonders. Even our Government has taken many initiatives including “Prime Minister Research Fellows” scheme with budget of Rs 1650 Cr. which will promote development through innovation. To concur with your point, business sector has not remained behind. Technology is no longer “an indispensable tool” but it has become “the way of life” for many businesses. IoT is new champion of digital world. Digitalization has paved way for progress in many business sectors. Manufacturing sector were early to pick up digitalization. Even the construction sector has found many advantages in use of digitalization. Construction companies are using 3D technology for building integration modules (BIM). This improves design accuracy. Programs like “Synchro” have gone one step further adding progress as new dimension to these 3D models. We can visualize entire project being built and monitor real time progress in virtual reality. From construction giants to individuals, technology is helping all. I share your opinion that managers must understand the importance of technology. The ones who don’t keep up with latest innovations are being left behind. We still remember CEO of Nokia ending his speech with “we didn’t do anything wrong but somehow we lost”. The managers today must have keen eye on the advances of technology to help their business prosper. I am glad to know that SPJIMR is also adopting to these developments. As a member of SPJIMR family, I wish all the success in this endeavor and hope to contribute in a way I can.

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