Bill Gates Co-founder of Microsoft is a technologist, business leader and a philanthropist.
Rakesh Rathi (MBA/Engineer) is a Senior Global Client Executive based in Europe and recipient of a decorated and prestigious corporate award from the President of India for engaging with C-suite executives.
Technology, Digitalization and Automation
BILL GATES: We are changing the world with technology, signalling the digital transformation that human society, economic relations, and lifestyle are currently undergoing. The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency. To win big, you sometimes have to take big risks.
RAKESH RATHI: Technology has become ubiquitous in the workplace. Every vertical and industry is now disrupted by technology and this then results in improved Customer Experience (CX) impacting everyone B2B or B2C. Customer-centric automation is the center-stage of the exponential digital revolution where innovation is the gamechanger. Cloud, 5G, AI/ML, Collaboration Tools, Cyber Security, Robotics and Quantum Computing would define the next-gen tech. We are just at the tip of the iceberg when it comes to disruption and digitalization.
Trust in Transformation & Science
BILL GATES: The issue is just basic trust—for ex: how do people think about vaccines? And so, the vaccines that really count are the ones that have gone through the gold standard regulators, because people do worry about safety and effectiveness and that they can be made at low cost and very high volume. Leaders need to provide strategy and direction and to give employees tools that enable them to gather information and insight from around the world. Leaders shouldn’t try to make every decision and it imperative they are fair to the employees.
RAKESH RATHI: Transformation is a collective alignment of People, Process and Technology. Strategic maturity of business KPIs with tech is extremely important. In parallel, “Culture eats strategy for breakfast” is also an absolute reality and hence any initiative to transform has to be driven top-down by CxO and listening to your customers for a successful result. Transformation is a long-term marathon, not a sprint!
Innovation in Drug Development
BILL GATES: We actually have a concrete project with Moderna to do a malaria vaccine construct using the messenger RNA platform [a method also being used for some COVID vaccine candidates]. We started backing these mRNA vaccines almost a decade ago. They are very promising and could be used potentially for HIV and tuberculosis as well.
RAKESH RATHI: Collectively, the top 20 pharmaceutical companies spend approximately $60billion on drug development each year. Gene therapy, mRNA, Biotechnology have had a huge success in the past and this was reflected during the recent vaccine development for Covid-19; this validates continuous investments for innovation in pharma. A hybrid mix of Reimagining R&D, Patient-and Healthcare-professional-centric Design Thinking (DT), Agile development, Process re-engineering using predictive modeling, Artificial Intelligence (AI), and Machine Language (ML) coupled with Digital and Tech enablement will accelerate new drugs development which currently takes years and billions of dollars and also a faster GTM (Go-To-Market). Health is now a top priority globally!
Collaboration among companies and PPP (PublicPrivate Partnership) — a vision for optimism
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The Most Prepared Woman in Washington
TRAILBLAZING TREASURY SECRETARY JANETYE YELLEN IS RENOWNED AMONG PEERS FOR HER ME TICULOUS RESE ARCH AND RELENTLESS FOCUS. AS THE B IDEN ADMINISTR ATION ’S ECONOMIC POINT PERSON, THE FORMER FEDER AL RESERVE CHAIR IS NOW CHARGED WITH STABIL IS ING AND STIMUL ATING AN ECONOMY R AVAGED BY THE PANDEMIC. AND THAT’S JUST THE BEGINNING OF HER AMBITIOUS AGENDA .
The Conversation AJAY BIJLI
Covid-19 impacted many businesses, with one of the hardest hit being movie halls. This included PVR, India’s largest multiplex chain. However, it was able to raise funds during the pandemic, says chairman Ajay Bijli. The 54-year-old says his company is now in its revival phase and he isn’t overly worried about movies directly releasing on OTT platforms. He also talks about what keeps him going.
THE BRIEF BUSINESS DISTILLED
Boom in the Time of a Pandemic A year after the onslaught of the global pandemic, FPI inflows, corporate performance, and news of the vaccines were key to the Indian equity markets’ immunity against Covid-19. BY RAJIV BHUVA
THE BIG E-SCOOTER
OLA ELECTRIC HAS UNVEILED A S FOR A ME A FACILITY THA WILL MAK ONE E-SCOOTER EVERY TWO SEC NDS. OLA HAS SET I S SIGH S ON CONQUERING THE WORLD, BUT BEFORE THAT, IT HAS TO CON END WITH LOCAL RIVALS AND INDIA’S ANAEMIC ELECTRIC VEHICES LES.
SERVICE BEGINS AT HOME
HOME AND SALON SERVICES PROVIDER URBAN COMPANY’S REVENUES DROPPED TO NEARLY ZERO DURING THE LOCKDOWN. BUT, NOW, BUSINESS IS BOOMING. IT HAS SINCE SERVED 5 MILLION CUSTOMERS, AND HAS ITS EYES SET ON AN IPO IN THE NEXT FEW YEARS.
IT'S BACK TO OFFICE
IN INDIA, THERE ARE MANY FACTORS AT PLAY WHICH MAKES THE OFFICE CRITICAL FOR EMPLOYEES AND COMPANIES. THAT SAID, THE COVID-19 PANDEMIC HAS IRREVERSIBLY CHANGED THE WAY COMPANIES AND PEOPLE VIEW THE OFFICE.
ELON MUSK IS NOT ABOUT TO LET A FEW ENDANGERED REPTILES THROW A WRENCH INTO TESLA’S PLANS FOR A GERMAN GIGAFACTORY— AND EUROPEAN DOMINATION.
Luxury Hotels To Call Home This Summer
A luxury hill resort can be the perfect summer getaway. Here we bring you a list of some hotels to make your vacation memorable.
Check Into The New Normal
One year after the pandemic hit the hospitality industry like a tsunami, the experience of going to a hotel has radically changed. From extensive usage of technology to ensure a zero-touch policy to completely overhauling old business strategies and making them anew, hotels have imbibed new learnings and are forging ahead.
To Tweet, Or To Koo? That Is The Question
Home-grown microblogging platform Koo—which provides non English speakers a platform to express themselves—is the flavour of the season. But will it prove to be a viable alternative to Big Tech and other domestic platforms?
An Exclusive Interview With Nandakumar Narasimhan
The Little Red Train
A Room for Dad
Before Mom passed, I made a promise to her
THE DANGAL IN THE JUNGLE, PART 1
YOU KNOW YOU’RE SOMEBODY WHEN YOU’VE APPEARED ON AN INDIAN DANGAL POSTER — IN OTHER WORDS, IN A WRESTLING ADVERTISEMENT.
WOUNDS AND THE WOMB
JULIE PETERS explores how to heal a relationship with the sacred womb, a place of death, life, and possibilities.
Giant squirrels, giant lessons? Animal chaplain SARAH BOWEN explores what squirrels can show us about mindfulness.
E8 Caste and the Indian Tech Ivies
IIT grads are highly sought after in Silicon Valley. Are they bringing deep-rooted prejudices with them?
I was happily married, happily employed, just plain happy. Until the accident
IN SEASON Chickpeas (GARBANZO BEANS)
Chickpeas appear in early recordings in Turkey well over 5000 years ago. India produces the most chickpeas worldwide but they are grown in more than 50 countries. An excellent source of carbohydrates, protein, fiber, B vitamins, and some minerals, they are a nutritious staple of many diets. The name chickpea comes from the Latin word cancer, referring to the plant family of legumes, Fabaceae. It is also known by its popular Spanish-derived name, the garbanzo bean. Kidney beans, black beans, lima beans, and peanuts are other familiar foods found in this legume family.
When the Signal Goes Out
Government-ordered internet shutdowns are becoming more frequent
Giving More, Taking Less
FRANCOIS BOUDERLIQUE learnt about the basic principle of Nature – to give more than you take – when he left a high-powered banking job in Paris to live and farm in Kutch, India. He realized that his understanding of eco farming was colored by his past and he needed to open his eyes to a new reality.