‘Come out of your comfort zone to look at new technologies’ – 25 quotes of the week on digital transformation

Launched in 2014, StoryBites is a weekly feature from YourStory, featuring notable quotable quotes in our articles of this past week (see the previous edition here). This special series of quotes focuses on the increasing impact of digital media around the world. Share these 25 gems and insights with your colleagues and networks, and check back to the original articles for more insights.

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

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Trading strategy platforms really are the next layer in retail investing, and there’s going to be a lot more growth there in the coming years. - Raghu Kumar, TradingRooms

The lack of flexibility is the main reason why financial institutions often fail in meeting the digital needs of new-age tech-savvy consumers. - Prakash Viswanathan, Gradatim IT Ventures

For small business owners, the technology that powers their digital banking platform should fade into the background. - Tyler McIntyre, Novo

The [startup] investment process happens completely offline. It's all happening in a very broken manner. - Karan Mehra, Tyke

Access to customisable credit for nano-entrepreneurs can unleash a growth wave for enterprises and the economy, and also enable some to graduate to small and medium enterprises. -  Geeta Goel, Michael and Susan Dell Foundation India

The future of the BFSI industry is highly focused on innovation and will be highly technology-driven. - Samit Arora, SalesPanda

The technology services market is 3.5x larger than the software industry, yet the sector has only attracted one-third of the amount of private equity capital, underscoring the opportunity for focused investors with a deep knowledge of the industry. - Francisco D’Souza, Recognize

Amidst the rising competition in the D2C market, data-driven decision-making is the key to D2C success. - Mangesh Panditrao, Shoptimize

Whether it is mobile internet, broadband connectivity or physical connectivity, aspirations of villages are rising and rural and semi-urban areas are waiting for a new wave of expansion. - PM Modi

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[Year in Review 2021] Trends, technology, talent – Top quotes on digital transformation

With tech-enabled job matches, flexible working, more power to negotiate wages, and greater transparency in payments, the gig economy works very well for the employees. - Ajoy Thomas, TeamLease Services

Ironically, [the SME sector] is one of the fastest-growing sectors but is largely underserved globally, in particular in emerging markets. - Gaurav Anand, Namaste Credit

The heavy equipment market has hitherto been untouched by digital technologies and is ripe for disruption. - Ravi Anand Rao, YantraLive

The global virtual events market size is expected to be valued at $504.76 billion by 2028. - Nishchal Dua, Airmeet

2022 will also see small and local brands developing as a wing of the creator economy as content creators will help in better branding of the local businesses, and thus reach as many people as possible. - Simran Balar Jain, Pulpkeys

While all other professions have a platform where people can build their resumes, the film industry and creator talent doesn’t have anything like that. - Rakul Preet Singh, Starring You

Short format content is the undisputed video format of choice for millennials and GenZ, representing the hottest growth category in digital media as of 2021. - Rahul Khanna, Barcode Entertainment

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Creativity through content is the key factor that drives startups or major companies. - Ankit Kushwah, Egniter

Gamers have been early adopters of technologies and this has created some of the most innovative and immersive consumer products globally. - Pooja Dubey, Turnip

The last two years have witnessed the rise of online education as a connecting bridge to access flexible and quality education for students as well as working professionals. - Mayank Kumar, IAMAI Edtech Committee

While [edtech] business growth is critical, so is consumer protection, since this will allow students and parents to make more informed decisions about the future. - Vamsi Krishna, Vedantu

Businesses - small and large - can improve their productivity as well as the affordability of their products and services by building tech intensity. - Satya Nadella, Microsoft

AI-driven chatbot has witnessed an upsurge in demand as it helps businesses to grow and function holistically. - Vinay Bansal, Inflection Point Ventures

Emerging tech adoption is necessary to secure the future in a volatile business environment. - Sid Pandey, Successive Technologies

Do not have an affinity to just one technology, come out of your comfort zone to look at new technologies and experiment with different solutions. - Ashish Anantharaman, ZestMoney

YourStory has 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).