Skip to main content

TIPS FROM TOP: "HR Readiness for Industry 4.0" by Mr Pradipta Sahoo, CHRO, Karvy Fintech


MBA IIT Kanpur community were pleased to host Mr Pradipta Sahoo for a seminar on “HR Readiness for Industry 4.0” on 7th April 2019. Mr Sahoo, CHRO, Karvy Fintech, is a seasoned HR professional with over 25 years of experience in BFSI, Retail and ITES industries. He has also been awarded as part of “30 Best HR Leaders” in 2013 by World HRD Congress. He is presently associated with Karvy Fintech Private Limited as CHRO for more than eight years now. He has also worked for organisations like Bharti AXA General Insurance, Reliance Retail, ICICI Lombard General Insurance, Bank of Baroda and Vijaya Bank.

Mr Sahoo started the discussion with an interactive talk with the students on Why students go for MBA. He expressed his pleasure in receiving beautiful responses from the students of MBA IIT Kanpur.

Mr Sahoo then went on to discuss the technological transformation that the world is witnessing. He then emphasised how this technological advancement has played a key role in the Business disruption. He explained how an exponential change in technology opens up unlimited possibilities. These unlimited possibilities bring about rising Customer Experience. In essence, Business Disruption has brought huge changes in the way Business is done.

He then moved on to explain how technology was earlier the slaves of the humans. But the situation today has changed a lot, and it would not be wrong to say that the time is not far when humans become slaves of Artificial Intelligence.

He then went on to quote the famous Quote by Darwin “It’s not that the strongest species survive nor most intelligent one survives. It’s the most adaptable one who survives”. He also discussed with the students why do people apprehend the new technology. Automation is not something new. Then what might be the reason for this apprehension of the technology? One possible answer suggested by Mr Sahoo was the limited opportunities that we humans have. He backed up this by explaining how companies lifespan has reduced. He also said that the Robots would take over 17% of the jobs by 2027 in comparison to the 10% of jobs created by it. The reasons for the reduced lifespan of the companies could be the fast-paced digital transformations and slow adaptability of the companies to these disruptive changes. Tech Products is becoming obsolete quicker than ever.

He then discussed how these companies could tackle the hostile technological environment. Automation could be used for better customer experience and not for cost savings. An agile workforce is also a need of the hour concept. He also gave an example of the Kodak Digital Camera where Kodak failed to foresee the future and emphasised how Strategy and Executive decisions still need to be taken by the humans and not by machines.

He then brought the attention of the students to the different industrial revolutions. While Industry 1.0 focussed on mechanisation, Industry 2.0 focussed on moving assembly lines. Industry 3.0 followed this by concentrating on more digitalisation. Industry 4.0 has just started which has its prime focus on Cyber-physical Systems.

He further discussed how the new workplace would be like in the Industry 4.0. The typical characteristics would be an agile workforce, collaborative platforms, hyperconnected employees, man-machine-AI working side by side and boundaryless organisations.
Role of HR was also discussed in length by Mr Sahoo. Adaptive Talent Management is the need of the hour. HR should not treat employees as commodities. HR has to balance the business goals and the aspirational needs of the employees. He also explained how companies are not doing the expectation management by treating the employees as customers. HR is also now focussing on lifelong employability by implementing lifelong learning for the employees. He also discussed the importance of flexible-working as enablement and not just a mere allowing.
He then quoted “The greatest danger in times of turbulence is not turbulence but to act with yesterday’s logic” by Peter Drucker to make the students understand the need for evolving skill requirements.

He concluded the Seminar by mentioning the best practices followed at Karvy which are Caring & Thanking, Inspiring & Developing, Hiring, Sharing, Speaking and Listening.

The MBA IIT Kanpur community was privileged to host Mr Sahoo for such an enlightening and thought-provoking session.



Comments

Popular posts from this blog

An Introduction to the batch of 2019-21

It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." A new zeal, vigour, and an unquenchable thirst for proving oneself is what describes MBA batch of 2019-21. 52 of us set foot on the pavement of a new journey and needless to say it has been unprecedented. Be it the early morning presentations, the stark midnight deadlines, or the never-ending case studies covering the gamut of concepts and context, each one of these activities can vouch for it. It has hardly been a month, yet the batch has acclimatized well with the life of one the most coveted institutes in the country, IIT Kanpur.
For most of us, this is the desired path, and for the rest, it is an opportunity to relive their school days. Since we are in a place that has no norm and instead offers endless diversity, there will always be something that entertains and challenges us. It is time we took this opportunity to build a lasting relationship with our c…

The 2018-20 batch, an initiation!

Time to take a plunge –  2018-2020Batch


The journey of a thousand miles begins with a single step
                                                                                            – Lao Tzu.

The energy of the Indian subcontinent unified at the gates of IIT Kanpur when we started our much- awaited journey of MBA. The pre-assignments and admission process gave us a much-needed glimpse of life ahead of us. With all glittering hopes, we, the 54 minds embarked on an endeavour to achieve our dreams and here we are, introducing our remarkable 2018-2020 batch with immense pride and responsibility wearing the badge of IIT Kanpur.

For most of us, who have prior work experience, it is a back to school time and for the rest, it is an aspired path by choice, now that we are in our new home, it is time for us to build an everlasting relationship with our peers and let the world know about us. With the get-up-and-go attitude, the diversity of the 2018-2020 batch is one of a kind with studen…

Tips from Top, Digital Marketing – A Key Perspective by Mr Vikash Kumar and Mr. Mohit Goel (Trident Ltd)

Mr Vikash Kumar, Chief Digital Officer at Trident Group India Ltd, visited the IME department at IIT Kanpur along with his colleague Mr Mohit Goel, GM at Digital Trident, on the 3rd of September, 2016. Talking about the changing scenario of digital marketing and the challenges and opportunities that it poses for today’s marketing managers, he shared his insights as the Chief Digital Officer of the textile giant Trident India Ltd, about the marketing and branding strategies being followed in the current scenario.

Mr Kumar stressed upon keeping the session as informal and interactive as possible, making it into a dialogue rather than a one-way lecture. He started with defining digital marketing as a medium that provides two way flow of information or communication on world wide web. He emphasized on how the rapidly changing world of digital marketing has made textbook knowledge insufficient, and further emphasized the importance of learning on the job, staying unique, and believing in o…