‘Use your data intelligently’
dubai — A company that has invested in the latest technologies that allow it to gather data on their customers and their needs and preferences, won’t have made a very sound investment if they don’t have the means or the know how on how to make sense of it, a senior official at Protiviti Middle East said.
Speaking at the Dubai Global Convention 2017, which is organised by the Institute Of Directors, India, Nagesh Suryanarayana, managing director of Protiviti Middle East Member Firm, UAE, shared his insights on how to intelligently use data in today’s world.
“The data that you gather today is only going to prove beneficial to you if you know how to use it intelligently,” he said. “The boost that your business will get trough the insights that intelligently managing data will provide will be invaluable. So the question today is not if you are gathering data, but if you are prepared to manage it.”
Suryanarayana also spoke on how boardrooms have had to adapt to take on a wider set of roles today. “Boards today should be brave enough to go beyond their normal comfort zone and explore new opportunities, and newer possibilities. Look at what the latest business disruptions mean for your company and business. Ask yourselves what you are trying to achieve together as a community, and what challenges need to be faced for you to attain your goals.”
He also revealed how boards today are done with thinking locally, or even regionally, and are now thinking globally. The shift that has happened, he explained, is technology. More specifically, disruptive technologies that have a global impact. “More than ever before, organisations are mixing long-term strategic plans with short-term tactical strategy plans. Another area where companies cannot afford to be caught at unawares is innovation and how it can help or disrupt your business.”
Vijay Karia, chairman and MD of Ravin Group, also spoke to Khaleej Times about technological innovations and how the UAE and India can collaborate on several different sectors and projects. One such area, he said, was IT.
“Both countries have a lot to learn from each other when it comes to IT. The UAE is well on its journey to having a smart city and India, which has its own smart cities plans, can learn a lot from the UAE on how to properly utilise technology when creating a smart city. Also, there are several other sectors where collaboration between Indian and UAE companies would prove to be mutually beneficial. These include renewable energy, infrastructure, and software development.”
— rohma@khaleejtimes.com
The data that you gather today is only going to prove beneficial to you if you know how to use it intelligently
Nagesh Suryanarayana, Managing director, Protiviti Middle East Member Firm, UAE