‘Live commerce is inevitable’ – 15 quotes of the week on digital transformation
From content to commerce, these quotes from the week of October 31–November 6 capture tech impacts sweeping across the world!
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 15 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.
It takes courage and skill to run open platforms. - Nobel laureate Bengt Holmstrom
Successful platforms started from identifying industries and processes that had high friction. - Tero Ojanperä and Timo O Vuori, 'Platform Strategy'
AI in pulmonary medicine is aiding in computer vision for lung nodule detection and prediction risk for malignancy. - Viswesvaran Balasubramanian, Yashoda Hospitals
Blockchain makes business transactions very easy, accessible, transparent, and secure – without the need for any central clearing authority. - Rajeev Sinha, OnlyGood
Today, entrepreneurs are incorporating biotechnologies, satellite technologies, and IoT-enabled products and services in the sanitation sector. - Yashwant Suthar, Lootel
Embedded insurance is a rapidly growing segment of the market. - Dan Chaplin, Dawn Capital
Focus on the user experience and solve for gaps without waiting for all pieces to be in place. - Bala Srinivasa and TN Hari, 'Winning Middle India'
[Year in Review 2021] Times are changing as women in tech reach new heights
VCs are still primarily men, which means they don’t understand the kind of technologies women are building. They are already at a disadvantage because of this. - Leanne Robers, She Loves Tech
A lot of the onus remains with organisations to ensure women in tech are trained adequately and supported at every step on their path to growth and success. It is essential to create ecosystems for women to thrive in organisations. - Sumathi Bhaskaran, Lowe’s India
Contracts are the foundation of commerce, sitting at the intersection of almost all business processes. - Bob Blee, Silicon Valley Bank
The growth of the beauty industry is driven by digital advertising, which allows marketers to reach potential consumers more efficiently than traditional advertising. - Vishal Singh, MOCA Technology
Price variation is a huge factor in the web design industry. - Imaran Khan, CSS Founder
Key highlights from YourStory's The Metaverse Summit - India's first Web3 conference
Many top e-retail brands, including the beauty industry, are now leveraging AR technology to introduce try-on features on their Apps. - Vishal Singh, MOCA Technology
Since live commerce is so new, brands and platforms are keeping it lucrative for influencers. - Ramya Ramachandran, Whoppl
Live commerce is inevitable. It is not new; it is similar to teleshopping networks. - Kaushik Mukherjee, SUGAR Cosmetics
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).
Edited by Teja Lele