{"id":15968,"date":"2021-08-27T07:33:21","date_gmt":"2021-08-27T07:33:21","guid":{"rendered":"https:\/\/yourchennai.com\/?p=15968"},"modified":"2021-08-27T07:33:21","modified_gmt":"2021-08-27T07:33:21","slug":"iim-ahmedabad-and-bank-of-america-partner-to-set-up-a-centre-for-digital-transformation","status":"publish","type":"post","link":"https:\/\/yourchennai.com\/index.php\/2021\/08\/27\/iim-ahmedabad-and-bank-of-america-partner-to-set-up-a-centre-for-digital-transformation\/","title":{"rendered":"IIM Ahmedabad and Bank of America partner to set up a Centre for Digital Transformation"},"content":{"rendered":"
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Indian Institute of Management Ahmedabad (IIMA), the\u00a0premier global management institution, has partnered with Bank of America to launch a\u00a0Centre for Digital Transformation (CDT)<\/strong>. The Centre aspires to become a vibrant knowledge hub for academia, policymaking, and the private sector by facilitating cutting-edge research on digital transformation and innovation.<\/p>\n

The Centre for Digital Transformation was launched with an event which was attended by faculty members of IIMA, along with well-known leaders from industry and academic institutions from India and abroad.<\/p>\n

Announcing the launch of the Centre,\u00a0Professor Errol D\u2019Souza, Director, IIMA<\/strong>, said, \u201cAdvancements in the information technology sector are growing rapidly and transforming the way we function. The pandemic has further\u00a0revealed the value\u00a0of<\/em>\u00a0digital operating models and the need for industry, institutions, and nations to ramp up their adoption of\u00a0technology.\u00a0<\/em>Therefore, it becomes imperative that we study the impact of this digital transformation on business, government, individuals and society.\u201d<\/p>\n

\u201cOur global economy is quickly becoming more reliant on digital technologies as underscored by our current environment,\u201d\u00a0said Cathy Bessant, Bank of America Chief Operations and Technology Officer<\/strong>. \u201cWith the development of digital economies increasing at an exponential rate, shared learning and best practices are critical for shaping the future for our governments, private industry and universities. It\u2019s how we\u2019ll ensure we\u2019re creating and implementing technology responsibly.\u201d<\/p>\n

As a strategic next step, the Centre has also set up an\u00a0advisory\u00a0Council on Responsible Digital Transformation<\/strong>. Helmed by IIMA, this council will bring together diverse stakeholders to deliberate on the urgent needs and unique perspectives on digitalization. This is intended to help develop best practices and guidelines designed to benefit all stakeholders and achieve broader goals. The council will play a critical role in enhancing core competencies of the Centre and help guide the projects. The council will enable greater collaboration and alignment with external industry partners for long term value creation.<\/p>\n

The council members include Dr. Ritu Agarwal, Senior Associate Dean of the Robert H. Smith School of Business at the University of Maryland; Debjani Ghosh,\u00a0President of NASSCOM; Rajesh Gopinathan, CEO of Tata Consultancy Services; Nandan Nilekani, Non-executive Chairman of Infosys; Aditya Puri, Senior Advisor, The Carlyle Group;\u00a0Dr. Vallabh Sambamurthy, Albert O. Nicholas Dean of the Wisconsin School of Business of the University of Wisconsin\u2013Madison.<\/p>\n

\u201cOver the last decade, the Indian government has empowered citizens to access social security, financial products, education and health services using digitization as the key enabler,\u201d said\u00a0Kaku Nakhate, India Country Head, Bank of America<\/strong>. \u201cBank of America is a key supporter of these initiatives, and this new Centre will only strengthen the responsible digital framework in India. I am delighted that this Centre will bring together leading academics and digital thought leaders from the United States and India to accelerate the digital revolution in India.\u201d<\/p>\n

Advisory Committee Members<\/strong>:<\/p>\n

The advisory committee of the Centre is jointly chaired by Cathy Bessant (Chief Operations & Technology Officer, Bank of America), and Founding Chair Dr. Pankaj Setia (Professor of Information Systems, IIMA).\u00a0 The other members of the advisory committee include Professor Errol D\u2019Souza (Director, IIMA); Sumeet Chabria (Global Technology & Operations COO and Global Business Services Executive, Bank of America); Dr. Debjit Roy (Professor, IIMA); and\u00a0Dr. Ramayya Krishnan (Dean of Heinz College, Carnegie Mellon University).<\/p>\n

\u201cWe are delighted to have Bank of America on board to collaborate with us in setting up the Centre,\u201d added\u00a0Professor D\u2019Souza<\/strong>. \u201cWe are also appreciative of the group of eminent leaders who have joined our Advisory Council for Responsible Digital Transformation to guide us as we embark on this ambitious initiative\u201d<\/p>\n

Outlining the Centre\u2019s objective and activities, Professor Pankaj Setia, Founding Chair, Centre for Digital Transformation, IIMA said,\u00a0<\/strong>\u201cThe Centre of Digital Transformation aims to engage in various activities that guide thought and action in the digital era. Specifically, the Centre will focus on activities that enhance an understanding of the digital ecosystem and catalyse leadership, as it leverages its expertise in research and development to\u00a0provide thought leadership for digital transformation.\u201d<\/p>\n

The activities of the Centre include but are not limited to:<\/p>\n