‘Adoption of new technology is necessary for a transparent accounting system’ – 15 quotes on digital transform

Launched in 2014, StoryBites a weekly feature from YourStory, featuring notable quotes from our articles this past week (see previous edition HERE). This special series of excerpts focuses on the growing impact of digital media around the world. Share these 15 qualities and insights with your colleagues and network, and check back to the original articles for more insights.

See also our selection Top Quotes of 2021 in Entrepreneurship, Investment, Digital Transformation, Storytelling, The India Opportunity, Pandemic Resilience, Failure Recovery, Design, and Art.

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Real-time and deep insight into the customer and business journey is fast becoming the key difference between realizing or losing digital dreams. – Krishnakumar Natarajan, Mela Ventures

When you get it [product-market fit] That’s right, you knew it and saw that the hockey stick kind of growth started. – Abhiraj Singh, Urban Company

My favorite thing about technology-led interventions is the scale at which you can easily achieve social disruption. – Mansi Kasliwal, BYJU’S

Founder-led sales are a prerequisite for finding a product-market fit in the US market. – Jen Abel, Jellyfish

The literacy rate among India’s youth has increased to over 90%, which means that a digitally educated population has access to smartphones and access to digital platforms. – Bibhu Mishra, Global Education and Leadership Foundation

It is our responsibility as G-20 leaders that the benefits of digital transformation should not be limited to a small part of the population. – PM Modi

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We continue to witness the rapid demand for digitally skilled workforce across industries. – Krishna Kumar, Simple learning

Despite recent technological advances, women struggle to access mentors, networks, and funding opportunities. – Senthamarai Gokulakrishnan, Yuukke

Coupled with the use of digital technology and the emergence of ecommerce and direct-to-consumer models, consumers are entering an age of unprecedented access to high-quality and effective nutrition and supplements made to suit their needs. – Karan Singh, ACG

With the help of Artificial Intelligence, creating content automatically, automating chatbot conversations, and customizing news feeds can be simplified. – Arif Kazi, Dust Value Media Agency

In today’s beauty landscape, brands need an omni channel approach. – Mauli Teli, Iba Cosmetics

Targeted policies and strategies from the government will also help identify and create a roadmap for deeptech implementation across sectors. – Sangeeta Gupta, Nasscom

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A lending platform that relies on traditional credit bureau and banking transaction data will never scale. – Sameer Aggarwal, RevFin

Bank lending software is one area where innovation has not kept pace with product releases, due to monolithic legacy software. – Bhavanipratap Rana, SIG

The adoption of new technology is necessary for a transparent accounting system. – Nirmala Sitharaman, Union Finance Minister

YourStory also publishes the pocketbook ‘Proverbs and Quotes for Entrepreneurs: A World of Inspiration for Startups’ as a creative and inspiring guide for innovators (downloadable as apps here: apple, Android).

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