02 Mar 2020 14:37 IST

XIMB holds annual business conclave

‘Corporate Governance and Cognitive Intelligence’ was the theme of X-Eminence

XIMB organised its flagship event and annual business conclave X-Eminence 2020 on March 1. The theme was ‘Corporate Governance and Cognitive Intelligence.’ The goal of the conclave was to gain perspective on how the business world is evolving and how the supply chain management is changing to adapt to Industry 4.0.

Sonal Raghuvanshi (Head — Alliance and Programme Management, Alliance and Ventures, Technology and New Materials Business, Tata Steel Limited), Jay Munshi (Digital Transformation Leader), Dr Chandan Kumar Sadangi (Director, Local Fund Audit, Finance Department, Government of Odisha), Devaraj Ghatualo (Solution Architect, Tata Consultancy Services), Biju Joseph Dominic (CEO and co-Founder, Final Mile Consulting), Pulin Kumar Sahu (DGM Corporate Affairs at Jindal Steel and Power Limited), Sekhar Krishnan (Senior Vice President and Company Secretary, The Chatterjee Group), and Somnath Mitra (Digital Transformation Advisor) were the speakers.

The chief guest was Tusherkanti Behera, Minister of State (Independent Charge) of Odisha.

The first session of the day was on corporate governance and began with an introduction to the subject by Prof Santosh Kumar Prusty. Sonal spoke to students on the importance of strategy in a VUCA world, and how one must be responsive to changes in the corporate environment to ensure success in the business world.

Krishnan spoke on how corporate governance has changed, and how one needs to look at the paradigm shift. Sahu talked about the importance of ethics in the business system and emphasises the role of stakeholders in business.

Immersive technology

The second session focussed on cognitive intelligence.

Mitra, a former senior VP at Yes Bank, spoke about how cognitive intelligence, technology and the advent of 6G would change business faster than ever. Immersive technology would not only allow businesses to have a physical presence but also leverage the virtual environment, he said.

Munshi compared cognitive intelligence and AI with human effort, and how AI is overcoming the paranoia around it to find its place in today’s business environment.

Ghatualo spoke about how cognitive intelligence has revolutionised living standards and transformed the way businesses work.

Biju Joseph Dominic, CEO and co-founder, Final Mile Consulting, spoke of his disagreement with the direction cognitive intelligence is taking today and emphasised that incorporating human emotions can be the only way forward.