“It’s about refining raw data into actionable insights” – 20 digital transformation quotes of the week

Launched in 2014, StoryBites is a weekly feature of YourStory, with notable quotes in our articles from last week (see previous edition here). This special series of quotes focuses on the growing impact of digital media around the world. Share these 20 gems and insights with your colleagues and networks, and come back to the original articles for more.

See also our selection of Best quotes of 2021 on entrepreneurship, investing, digital transformation, storytelling, India’s opportunity, pandemic resilience, failure recovery, design and art.

Technology-driven businesses and financial services have always been the main beneficiaries of private capital during the last years. – Ritesh Chandra, Avendus

Discount on invoice accelerates customer cash flow and businesses don’t have to wait for customers to pay within their credit terms. – Rahul Meena, Treflo

Web3 [is a] state-of-the-art technology that will have a significant impact on all sectors. – Saloni Jain, SUNiCON Ventures

In today’s digital world, traditional or text-based candidate assessments are suboptimal because they are time-consuming, easy to manipulate, and assume the candidate can read. – Tarvinder Kaur, PMaps

While global digital adoption is at its peak, there is still a huge barrier to internet consumption for non-English speaking users. – Varshul CW, Dubverse

There is still a huge class of investors who believe in FD or LIC policies, and we need to make them aware that bonds can be a good alternative. -Abhijit Roy, Golden Pi

Today, the most fundamental problem of food supply chain is that all of this information exists in isolation and only works on trust. – Srivatsa Sreenivasarao, TraceX Technologies

Not all founders have a technical or product-oriented mindset, or can develop apps in-house. So that they subcontract application development, but with poor results. – Sidharth Jain, GraffersID

Many IT giants have shown interest in hiring as the economy returns to normal and businesses reach pre-pandemic levels of operation. – Yeshab Giri, Randstad India

The market for good engineers and product managers hasn’t really changed. – Rohit Razdan, Synaptic

During the pandemic, we have seen organizations of all sizes accelerate their digital transformation multi-year plans. – Sunil PP, AWS India and South Asia

It is imperative that as a society we create a system that allows women to assume more leadership roles and start their own business. – Srushti Adani, Wellnest Technician

People are launching technologies, applications and platforms to understand how AI works. This does not solve the problem. – Anjan Lahiri, Navikenz

The main reason for the growing global demand for conversational AI solutions is the need to improve customer support and strengthen customer loyalty initiatives. – Sachin Arora, KPMG India

Technologies such as machine learning offer deeper insights into dynamic factors beyond credit scores that help lenders mitigate risk. – Arun Poojari, Cashinvoice

Powered by emerging technologies such as AI, ML and Big Data, fintechs are driving a transient change in micro-lending. – Yashwant Lodha, PayNearby

The recent revival of the travel industry [has led to] unprecedented interest in automating the T&E process. – Tarun Davda, Matrix India

It’s about refining raw data into actionable insights. – Rashmit Singh Sukhmani, SatSure

YourStory also published the pocketbook “Proverbs and quotes for entrepreneurs: a world of inspiration for startups” as a creative and motivational guide for innovators (downloadable as apps here: Apple, android).