Are you ready for the battle ahead?
“The future finance professional is as much a strategist as an accountant.”
We live in an era of transformation, an era which is widely referred as the ‘Third Industrial Revolution’ fuelled by the giant and out of the blue technological developments viz. artificial intelligence and machine learning, data analytics, robotics, blockchain, and cloud computing. Undoubtedly, the dramatic advancement in science and tech has forced businesses to reinvent themselves, right from redesigning the age-old processes to reimagining the product and service offering, to rethinking the go-to-market strategies to re-engineering the business and revenue models. Every organizational function – be it sales & marketing, finance, HR or operations, is today facing a tempestuous heat; an unprecedented challenge to revamp itself, stay current and relevant, while timely delivering on the ever-increasing expectations.
Finance, which is often rhetorically labeled as ‘bean counter’, is all set to be completely disrupted by the changing business and industrial landscape, volatile economic environment, as well as immense thrust on adding value and achieving business objectives. This is really going to be intriguing as time spent in transactional activities would reduce substantially and finance professionals would find themselves doing more interpretative analysis, delivering consequential inputs on strategic business decisions. Take it with a pinch of salt, finance, hitherto, has focused mostly on ensuring robust finance control, risk management and, adherence to regulatory norms and internally adopted policies with less time to collaborate with business and pro-actively drive financial performance. Continue reading “The Changing Dynamics of the Finance Function”
Decoding the “Jio or Maro” bet, Senior Ambani can’t afford to lose!
“We Indians have come to appreciate and applaud Gandhigiri. Now, we can all do Datagiri, which is an opportunity for every Indian to do unlimited good things, with unlimited data,” – Mukesh Ambani
We live in extraordinary times when the world is at the dawn of a digital revolution. The emergence of disruptive technologies such as Artificial Intelligence, Machine Learning, SMAC and Internet of Things (IoT) is reshaping human civilization in a fundamental way while posing major challenges to businesses in terms of innovation and reskilling, developing new age products and solutions, partnering and creating value for the customers and most importantly survive the technological storm. Every industry, be it manufacturing, retail, healthcare, education, entertainment, is going digital, embracing the rapidly evolving technologies not just to continue being relevant and avoid obsolescence but also to capture the market and seize opportunities offered by the transformation.
The Indian Telecommunication sector which has its own history of disruptive innovations is no exception. Whether it is the emergence of revenue killer over-the-top messaging apps, big data and GPS-based free services, cut-throat price per second tariff plans, shifting of business model from voice to data, the USD 37 Billion industry has seen it all. Continue reading “How Reliance Jio unleashed the much-needed digital tsunami in the Indian Telecom Industry”
Demystifying the unusual growth story of Baba Ramdev’s Patanjali Empire.
“An Indian, who built Yoga empire, a product and symbol of the New India, A yogic fusion of Richard Simmons, Dr. Oz and Oprah Winfrey, irrepressible and bursting with Vedic wisdom.” – New York Times on Baba Ramdev.
What started in 1997 as a small sized pharmacy, Patanjali Ayurveda Ltd. (PAL), today, is arguably the fastest growing company in the Indian FMCG sector, a USD 50 Billion industry once dominated by multinational behemoths – the likes of Unilever, P&G, Nestle, Colgate – Palmolive, Johnson & Johnson. From shampoo and biscuits to ghee and noodles, and now apparel and footwear – no other indigenous company has built such a well-diversified product portfolio. It has grown more than ten times in revenue in last five years, an unparalleled feat in India’s FMCG industry. The company which is targeting revenues of Rs. 10,000 crore for FY 2016-17 and Rs. 20,000 -25,000 crore in FY 2018 has extensive sales channel of over 5000 distributors, 15,000 stores, and 100 mega-marts. Moreover, it has also tied up with retail chains like Future Group, Reliance Retail, Hyper City and Star Bazaar as well as leading e-commerce platforms. The recent announcements of Rs. 1,600 crore food park in Noida and Rs. 1,200 crore production facility in Assam as well as the buzz around Patanjali’s plans to go public signals the company’s robust expansion plan. Continue reading “The Epic Rise of Patanjali: Game-changer in Indian FMCG Industry”