In this video:
Fireside Chat: Kirti Patil, Joint President – IT & CTO, Kotak Life & Srikanth RP, Editor, Express Computer
Topic: Best Practices to Future-Proof the Organization Against Rapid Technological Changes and the Steps Being Taken to Ensure Long-Term Sustainability and Success
Key Highlights:
[1] This is an excellent time to be in technology, with increasing use of technology across industries. Training and retraining resources are essential, as existing skills may quickly become obsolete.
[2] Creating a sustainable model, enhancing scalability, boosting productivity, and fostering innovation are key to preparing for the future.
[3] Embracing agile metrologies, building evolutionary architectures are critical for future proofing technology. The decision to buy versus build is critical for agility. Collaborating with fintech players and startups is essential to achieving the necessary flexibility and responsiveness.
[4] Kotak Life is employing computer vision to digitize content and validate policyholders’ Liveness status. Face-matching technology is now used to prevent fraud, demonstrating practical applications of AI.
[5] AI, generative AI, IOT, AR/VR, Voice Video Vernacular, quantum computing, and 5G are anticipated to be transformative technologies across various industries in the near future.