Cloud computing to play pivotal role in shaping India’s digital future: CII Jamshedpur Chairman Diloo Parikh

Cloud technology paves way for efficient AI utilization: Sarajit Jha

CII Jharkhand organizes session on Cloud 

Jamshedpur: CII Jharkhand organized Session on Cloud with the theme of “Accelerate, Innovate and Expand Securely” where professional leaders from industry deliberated on emerging technologies and their potential impact on cloud services. Also, eminent speakers from Oracle shared their thoughts on understanding cloud with Oracle.

Diloo Parikh, Chairman, CII Jamshedpur Zonal Council & Managing Director, Vaidehi Motors Pvt Ltd emphasised India’s digital business landscape as a rapidly advancing economy, driven by technological progress, supportive government policies, and a flourishing startup ecosystem. This growth trajectory positions India among the world’s fastest-growing digital economies, with significant potential for further expansion. He stated that Cloud computing, now a cornerstone industry valued globally at $371 billion, is poised to surpass $832 billion by 2025, underscoring its pivotal role in shaping India’s digital future.

Sarajit Jha, Convenor, CII Jharkhand ICT, Startup and Innovation Panel & Chief Business Transformation and Business Solutions, TATA Steel said, “Cloud technology is viewed as indispensable for enabling growth, with AI adoption seen as the ultimate goal”. The transformation of industries hinges on three key aspects within the cloud paradigm – accessing data and digital infrastructure, separating innovation from infrastructure, and democratizing data. These pillars are essential for fostering secure innovation within organizations. Four critical processes—campaign to order, procure to pay, hiring capabilities, and record to report—form the foundation of a robust organizational framework. He added that “Despite potential challenges, the cloud journey accelerates innovation, enhances security, and paves the way for efficient AI utilization worldwide.”

Sanjay Sabherwal, Chairman, CII Eastern Region MSME Subcommittee & Managing Director, Metalwork Industries Ltd said “In India, there are 6.4 crore MSMEs, with over 99% categorized as micro enterprises. Accelerating and innovating are crucial goals across all business sizes”. The introduction of self-owned businesses in the late 1990s revolutionized global work practices. Cloud technology offers unparalleled agility, stability, and scalability, reshaping operations for MSMEs without requiring significant upfront capital investment. This democratization of processes empowers micro enterprises to leverage IT and digitalization for business enhancement, marking a significant shift in how small businesses operate and grow.

Rohit Goyal, Director, IEMCO Industries Pvt Ltd emphasized Investing in digital capabilities as a crucial activity for Indian companies to secure long-term sustainability and growth in a digital-first world. Cloud computing and the data revolution have been instrumental in accelerating digital transformation across enterprises and governments in India, leveraging infrastructure, platforms, and software solutions. He further said cloud computing is particularly impactful for MSMEs, and its transformative advantages that enhance operational efficiency and competitiveness, positioning success for future of MSMEs in a rapidly evolving digital landscape.

Session on Cloud demonstrated the positive impact of cloud through business use case and data analysis. Overall, it was an interactive session where Oracle introduced the Oracle Cloud Infrastructure and its potential for the MSME companies. The session deliberated on understanding cloud, encompassing an introduction to Oracle Cloud Infrastructure (OCI) alongside comprehensive sessions on business use cases. The in-depth session helped understand the business applications, autonomous data management, and advanced technologies through cloud.

The session aimed to provide potential cloud users with deep insights and strategic benefits, highlighting cloud’s capabilities in scalable infrastructure and its practical implementation in various business scenarios.

The CII Jharkhand Session on Cloud with the theme of “Accelerate, Innovate and Expand Securely” was a forum wherein the participants interacted with professionals from Oracle and indulged in interactive discussions, and learnt the best practices on the domain.

Overall, the event promised to empower attendees with actionable knowledge to drive innovation, optimize workflows, and harness the full potential of cloud technology in their organizations.

Eminent Speakers who shared their views during the session included Mr Mrinal K Pal, Chief IT Infra, Network and Cybersecurity, Tata Steel Ltd; Mr Nitin Jhunjhunwala, Partner – Risk Advisory, Deloitte India; Mr Sreedhara Srinivasulu Narayanaswamy, Head of Innovation centres, Centre of Excellence, Cloud Engineering (OCI), Japan and Asia Pacific, Oracle; Mr Debapriya Nandan, Senior Sales Director – Tech Cloud Oracle and Mr Partha Kanjilal, Master Principle Cloud Architecture, Oracle.