‘When one is starting a new brand, digital is the best bet’—20 quotes on digital transformation

From content to commerce, these quotes from the week of September 5-11 capture tech impacts sweeping across the world!
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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 20 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.

Synthetic data retains all the insights of real-world data but not the identities. It helps overcome data privacy and regulatory issues concerning data sharing. - Hardik Dave, Indika AI

The ability to collect, analyse and derive insights from data has effects across the value chain of your game. - Anunay Kumar, Google Cloud

Developers will need to minimise the infrastructure complexity and accelerate data insights. - Chirag Sanghani, Google Cloud

CXOs today are competing in a very aggressive market, they are expected to make instant decisions with constantly changing data. - Saurabh Moody, Super AI

As social media sites such as Facebook, Instagram, Tumbler, and Pinterest gain popularity, the photography market is likely to witness rapid growth in the coming years. - Parminder Sahni, VsnapU

You shouldn’t think of monetising your video immediately. First, you should build a community of loyal and organic subscribers. - Manish Pandey

In a world where there’s an app for nearly everything, competitors abound, and we’re all facing some level of information fatigue on a daily basis, startups can’t afford to go back and integrate UX later. - Lauren Celenza, DesignUp 2022

The regulators will always continue to play the role in terms of watching out what's okay and what's not. And hence, the regulations will drive a whole lot of technology decisions. - Lingraju Sawkar, Kyndryl

Trust is the most important currency in healthcare. - Gaurav Agarwal, 1mg

The gender gap in tech is large and certainly cannot be addressed overnight. - Kavitha Thangasami, Exterro

Online research is the primary discovery tool for credit goods. Almost 55% of customers consult online resources or suggestions for credit products. - Pallav Jain, ShopSe

When a customer faces friction, it usually causes a drop-off and that affects revenue for merchants. - Rohit Kumar, The Quantum Hub

Automation is rife. From machines and vehicles to transactions and services, almost everything is getting automated. - Pranjal Kamra, Finology Ventures

Automating invoicing operations becomes essential to ensure the accuracy of invoices generated under e-invoicing. - Archit Gupta, ClearTax

With the rapid development in the proptech domain, the use of AR/VR or AI to help homebuyers expedite the process of closing deals will help provide developers with better liquidity. - Harsh Vardhan Patodia, CREDAI

Giving consumers a sense of community and convenience are some other key metrics that companies have to focus on today. - Rajan Manickavasagam, Google Cloud

The progressive shift to community governance and decentralisation will be realised with a focus on trustlessness, security, and stability. - David Gogel, dYdX Foundation

Today, (the dominance of ecommerce giants) is a problem everywhere... these guys have become so big that it’s uncontrollable. - T Koshy, ONDC

The theme of retail today is to make personalisation the key. - Naren Kachroo, Google Cloud India

When one is starting a new brand, digital is the best bet. You can create demand and presence for your product. But after a point, offline is the way forward. - Abhishek Shah, Almo

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).

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