‘Drone services are one of the fastest growing technology segments’ – 25 quotes on digital transformation
From data to drones, these quotes from the week of December 19 – January 1 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 25 gems and insightts with your colleagues and networks, and check back to the original articles for more insightts.
See also our pick of Top Quotes of 2022 on Entrepreneurship, Motivation, Investments, Women Changemakers, Social Entrepreneurs, Environmental Change, Pandemic Resilience, Digital Transformation, India Opportunities, Design, Art, Failure Lessons, and Storytelling.
There is a lot of potential for collaboration between fintech startups and banks. Both have unique value propositions to ensure the proliferation of financial services. - Raul Rebello, Mahindra Finance
Most fintechs seek partnerships with incumbents for regulatory expertise, requisite licences and access to low-cost capital. - Bain India CXO survey
Fintech, consumer products, B2B, and agritech have been early adopters of venture debt, owing to their working capital, balance sheet, capex, and inventory holding needs. - Rahul Khanna, Trifecta Capital
At growth rounds [for SaaS startups], LTV/CAC, payback periods, gross margins, and burn multiples are critical to prove alongside year-on-year top-line growth. - Hemant Mohapatra, Lightspeed India
If a deeptech business is looking to raise funding, the most essential thing for them to consider is maintaining calm and waiting. - Sunil K Shekhawat, Sanchiconnect
While investors’ intent to invest in edtech companies has taken a sharp setback, the conversation has now moved to unit economics, profitability, and sustainable cash outflow as compared to the TAM [total addressable market] earlier. - Phalgun Kompalli, upGrad
Crypto community members tend to trust exchanges that put in efforts to give more back to the community. - Pushpendra Singh, Bitget
Cryptocurrencies have huge inherent risks from macroeconomic and financial stability (perspective) and we have been pointing it out. - Shaktikanta Das, RBI
With huge demand for content, streaming platforms have realised there is a need for different kinds of content, which can be an easy watch, which people can tune into every day or frequently. - Tanveer Bookwala, DING Infinity
If you are honest about your content, you became relatable. - Dolly Singh
Technology will continue to drive business growth, increased efficiencies and enhanced user experience as ecommerce becomes a mainstream channel across all parts of the retail ecosystem. - Kapil Makhija, Unicommerce
India has witnessed a growth in ecommerce which has made it possible for women to sell products from anywhere, anytime across the country and the world. - Rachana Chowdhary, MVW-MSME Development Centre
We are also seeing more and more small businesses emerging from non-metro geographies that are now expanding internationally on the back of social media and digital. - Archana Vohra, Meta
With quick commerce rising and the maturity of ecommerce players, same-day or next-day delivery are becoming expectations from consumers from online consumer brands as well. - Vinit Garg, Mylo
The convenience of quick delivery will help navigate and troubleshoot the worries of delay, repair and forgetfulness. - Aman Gupta, boAt
It is difficult to sustain 10-minute grocery delivery without burning huge amounts of cash. - Anup Jain, Orios Venture Partners
With the 5G rollout, employers are already upskilling their current workforce for the upcoming 5G services. - Ajoy Thomas, TeamLease Services
The evolution of technology will definitely evolve HR functions. While data will continue to be the key part of recruitment, the adoption of technology to simplify HR functions will only increase. - Sachin Alug, NLB Services
We’ll see accelerated adoption of machine learning HR technology to calculate the optimum number of required employees for sustainable growth. It’ll save employers from over or under-hiring. - Sumit Sabharwal, TeamLease HRtech
Lack of knowledge, funds, innovation, and awareness prevent [MSME] entrepreneurs from adopting new technologies and tools, resulting in low levels of productivity, especially when compared with larger firms. - Subhash Chandra Acharya, Seeds Fincap
It’s important to help create standards around how consumers understand a new technology better. - Chetan Maini, Sun Mobility
We may not see the type and scale of layoffs in 2023 as we saw in 2022. The new year shall be the year of growth for most edtech companies. - Shantanu Rooj, TeamLease Edtech
Agricultural innovations such as cloud technology and AI-enabled insights can take the guesswork out of farming practices and processes, with improved efficacies and operational agility. - Sanket Deodhar, SAP India
Climatetech innovations are attracting second-time entrepreneurs, product managers, and engineering talent driven by consumer awareness and demand and the ever-increasing scope for innovation. - Sumeet Singh, Climate Angels
Despite the digital revolution in the tech business space, the market is still very inefficient and unstructured in terms of sustainability. - Nidhi Mehra, Myplan8
The potential for innovative space applications is immense, especially if established aerospace companies form partnerships with businesses that traditionally haven’t ventured into orbit, e.g. pharmaceutical, agriculture companies. - Chaitanya Dora Surapureddy, Dhruva Space
Effective integration of AI, ML, IoT, and data-driven insights on a single platform could help build a seamless cold supply chain network that allows complete transparency and real-time tracking. - Swarup Bose, Celcius Logistics
Drone services are one of the fastest growing technology segments with the potential to provide extraordinary value to industries such as agriculture, manufacturing, energy and utilities, retail and logistics. - Achal Kataria, Cognizant
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).