“Your comments section is your university” – 15 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 15 gems and ideas with your colleagues and networks, and return to the original articles for more information.
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.
The experience after ‘add to cart’ has also become critical, in recent years. – Atul Mehta, Shiprocket
Payment ecosystem is very competitive due to a large number of players. The margins are very thin, so the quintessential costs must be economical. – Ramkumar Subramanian, Grant Thornton Bharat
The relentless focus on innovation and customers has made fintechs successful. This should continue. Nevertheless, new muscles must be added for new priorities. -Yashraj Erande, BCG
You need to analyze your strongest P among the four Ps – product, place of sale, price or promotion. Another P that keeps you going is passion; the thirst for growth. – Atul Mehta, Shiprocket
The whole concept of reuse and recycle becoming a buzzword for leading sustainable lives led us to think of an exclusive e-commerce marketplace. – Swarna Daga Mimani, Yobler
The zero trust principle “never trust, always verify” is key to controlling the risk surface and ensuring that the right users, under the right conditions, have the right access to the right data. – Tushar Haralkar, IBM
There is a huge need for reliable external data which is beyond the company database. There are multiple issues that would benefit immensely from this information. – Devashish Fuloria, GeoIQ
Unavailability of data has hampered the growth of the agricultural insurance industry in developing countries for decades. – Ritu Verma, capital of Ankur
With the changing behavior of digital native audiences – entertainment has transformed across snackable 30-second social videos, OTT shows, casual and AAA games. – Mayank Yadav, Rusk Media
Local developers also find global audiences with Indian apps and games seeing a 150% increase in time spent by users outside India in 2021 compared to 2019 on Google Play. -Aditya Swamy, Google Play
Most of the time, we don’t know what to do or how best to participate beyond posting on social media and making small donations. It shouldn’t be so hard to to be involved. – Aashi Chandna, Involve Project
When creating a community product, it is important to ensure that you create cohesion among the members. – Rishi Sreedharan, hyphen
It’s addicting and tempting to be part of this pointless race we’ve started online as creators to value your work based on the number of likes and shares. – Mounica Tata
Creator-led companies are growing very rapidly around the world. Creating niche use cases and gender-focused features should be prioritized – this is a low-consumption, high-value industry. – Vivek Yadav, Cosmofeed
Your comments section is your university and it will tell you what you can do better. – Manish Pandey, Brand Consultant
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).