Kumar Mangalam Birla Highlights Digital Transformation for Small Businesses
Introduction
At the International Telecommunication Union World Telecommunication Standardization Assembly, Kumar Mangalam Birla, Chairman of the Aditya Birla Group, praised the Indian government’s efforts in digital connectivity. He emphasized the importance of including small businesses in the digital transformation.
Government’s Role in Digital Connectivity
Birla acknowledged the government’s consistent recognition of digital connectivity’s importance, noting reforms that have driven India towards a more connected and inclusive digital nation. He highlighted the Prime Minister’s focus on digital infrastructure, which has accelerated digital adoption.
Focus on MSMEs
Birla stressed the need for digital transformation to reach micro, small, and medium enterprises (MSMEs). He mentioned Vi’s commitment to supporting MSMEs through digital transformation, using technologies like 5G, IoT, AI, and cloud services.
Technological Advancements
He explained how the Vi Business Ready for Next program helps MSMEs assess digital readiness and adopt necessary solutions. Since June 2022, over 1.6 lakh MSMEs have used the Vi platform, contributing to a thriving digital ecosystem.
Impact of Connectivity
Birla highlighted how high-speed networks enable telemedicine in remote areas, allowing virtual diagnosis and treatment. He also addressed challenges like spam and fraud, assuring collaboration with the government to combat these issues.
Investor Confidence
Birla concluded by mentioning Vodafone Idea’s successful fundraising, which was oversubscribed seven times, reflecting investor confidence in India’s digital future.
Doubts Revealed
Kumar Mangalam Birla -: Kumar Mangalam Birla is a well-known Indian businessman and the Chairman of the Aditya Birla Group, a large multinational company with interests in various sectors like metals, cement, textiles, and telecommunications.
Digital Transformation -: Digital transformation means using new digital technologies to change how businesses work and serve their customers, making them more efficient and effective.
India Mobile Congress -: India Mobile Congress is a big event where people from the technology and telecommunications industries come together to discuss new ideas and developments in mobile and digital technology.
Aditya Birla Group -: The Aditya Birla Group is a large Indian multinational company that operates in many different industries, including telecommunications, metals, and textiles.
International Telecommunication Union -: The International Telecommunication Union (ITU) is a global organization that works to improve and coordinate international telecommunication standards and services.
MSMEs -: MSMEs stands for Micro, Small, and Medium Enterprises, which are small businesses that play a crucial role in the Indian economy by providing jobs and contributing to economic growth.
5G -: 5G is the fifth generation of mobile network technology, which is much faster and more reliable than previous generations, allowing for better internet connectivity and new technological possibilities.
IoT -: IoT stands for Internet of Things, which refers to the network of physical objects, like appliances and vehicles, that are connected to the internet and can communicate with each other.
AI -: AI stands for Artificial Intelligence, which is the ability of machines and computers to perform tasks that usually require human intelligence, like understanding language or recognizing patterns.
Cloud Services -: Cloud services are online services that allow people and businesses to store and access data and applications over the internet instead of on a local computer.
Spam and Fraud -: Spam refers to unwanted or junk messages, often sent in bulk, while fraud involves tricking people to gain money or information illegally. Both are common issues in digital communication.
Investor Confidence -: Investor confidence means that people who invest money in businesses believe that the businesses will do well and make a profit, which is important for economic growth.