The Confederation of Indian Industry (CII) Jharkhand organized a high-profile session on Cloud computing, themed “Accelerate, Innovate and Expand Securely.” The event saw professional leaders from various industries deliberating on emerging technologies and their potential impact on cloud services. Notably, experts from Oracle shared valuable insights on understanding cloud technology with Oracle.
Diloo Parikh, Chairman of CII Jamshedpur Zonal Council & Managing Director of Vaidehi Motors Pvt Ltd, emphasized the rapid advancement of India's digital business landscape. He attributed this progress to technological innovations, supportive government policies, and a vibrant startup ecosystem. Highlighting the exponential growth of the cloud computing industry, Parikh noted that its global valuation of $371 billion is projected to surpass $832 billion by 2025. This underscores the pivotal role of cloud technology in shaping India's digital future.
Sarajit Jha, Convenor of CII Jharkhand ICT, Startup and Innovation Panel & Chief Business Transformation and Business Solutions at TATA Steel, remarked on the indispensability of cloud technology for growth, with AI adoption being the ultimate goal. He identified three key aspects within the cloud paradigm—accessing data and digital infrastructure, separating innovation from infrastructure, and democratizing data—as essential for fostering secure innovation. Jha emphasized the importance of robust organizational frameworks, particularly in processes such as campaign to order, procure to pay, hiring capabilities, and record to report. He stated that despite potential challenges, the cloud journey accelerates innovation, enhances security, and facilitates efficient AI utilization globally.
Sanjay Sabherwal, Chairman of CII Eastern Region MSME Subcommittee & Managing Director of Metalwork Industries Ltd, highlighted the significance of accelerating and innovating for India’s 6.4 crore MSMEs, over 99% of which are micro enterprises. He noted that the late 1990s' introduction of self-owned businesses revolutionized global work practices. Cloud technology offers unmatched agility, stability, and scalability, transforming MSME operations without significant upfront investment. This democratization empowers micro enterprises to leverage IT and digitalization for business enhancement.
Rohit Goyal, Director of IEMCO Industries Pvt Ltd, underscored the importance of investing in digital capabilities for Indian companies to secure long-term sustainability in a digital-first world. He pointed out that 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. Goyal emphasized that cloud computing's transformative advantages enhance operational efficiency and competitiveness, crucial for the future success of MSMEs.
The CII Jharkhand Session on Cloud served as a forum for participants to engage with Oracle professionals, indulge in interactive discussions, and learn best practices in the domain. Eminent speakers who shared their views included Mrinal K Pal, Chief IT Infra, Network and Cybersecurity at Tata Steel Ltd; Nitin Jhunjhunwala, Partner – Risk Advisory at Deloitte India; Sreedhara Srinivasulu Narayanaswamy, Head of Innovation Centers at Oracle; Debapriya Nandan, Senior Sales Director - Tech Cloud at Oracle; and Partha Kanjilal, Master Principal Cloud Architect at Oracle.
