Trust is the cornerstone of long-lasting institutions, and for Indian businesses on a growth trajectory, nurturing this trust is vital. The benefits are manifold: enhanced financial performance, brand protection, improved employee morale, and customer loyalty. Highly trusted entities gain a 'trust premium,' influencing consumer decisions significantly. For instance, over 80% of consumers in the consumer industry view trust as a deciding factor when making purchase decisions, according to Deloitte US's "The Four Factors of Trust." In the realm of digital operations, trust becomes even more crucial due to compliance requirements with data protection laws and the heightened expectations around the responsible use of third-party data. Stakeholders today seek sustainable growth with greater resilience and credibility, shifting away from short-term, ad hoc growth.
In an insightful conversation with Minu Sirsalewala, Executive Editor at Dataquest, Sriraman Parthasarathy, Partner at Deloitte India, elaborates on why trust is essential for Indian businesses now and how they can proactively build and maintain it to position themselves for the next level of growth.
Why is managing "enterprise trust" critical for Indian businesses now? How have stakeholder expectations changed?
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Denne historien er fra June 2024-utgaven av DataQuest.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Dataquest Higher Education Awards Recognize Top Institutes
Celebrate the excellence in Indian education with the Dataquest Higher Education Awards 2024. Learn about the top institutions recognized for their outstanding achievements and the distinguished guests who presented the awards.
India Must Embrace Digital Revolution to Power Future Workforce: Vipin Kumar, Additional Secratary, Ministry of Education, GOI
Vipin Kumar, Ministry of Education, stressed the need for tech-driven education reforms in India to bridge the skill gap and prepare youth for future job markets.
Educationist MP Sandhu Shares Insights on India's Academic Landscape
At the recently concluded Dataquest Higher Education Conference and Awards, Honourable Rajya Sabha MP Satnaam Singh Sandhu addressed the audience as the guest of honor.
Dr. Abhay Jere's Blueprint for the Future
Dr. Abhay Jere advocates for a modular, personalized learning system integrated with industry experience to create a future ready workforce. Jere’s call for a radical overhaul of the education system has sparked a much-needed debate.
MoS Bittu Calls for Industry Collaboration to Tackle Skill Shortage
Minister Ravneet Singh Bittu addressed the brain drain issue, emphasizing the need for higher education and skill development to retain talent in India at the Dataquest Higher Education Conference & Awards.
Leading in the Quantum Era
India is rapidly emerging as a global leader in quantum technology, leveraging its vast talent pool and educational initiatives to drive innovation and solve real-world problems. From significant strides in research to government-backed initiatives, India’s commitment to quantum advancements is positioning it at the forefront of the global quantum revolution.
Navigating the Culture of Security: Insights from Amazon CSO Steve Schmidt
Knowing security culture dynamics is necessary for global companies in an era in which cyber threats have evolved unusually. In this interview, Steve Schmidt, Amazon's Chief Security Officer, expounds on security intricacies, the generative AI role, and the shared responsibility model that defines cloud security to Thomas George, the Managing Editor of Dataquest, a more than four-decade-old ICT publication.
Tech and Sustainability: Forging a Future Together
Environmental sustainability must be prioritized, with technology playing a crucial role. The synergy between these realms is essential for reducing carbon footprints and enhancing ESG reporting, driving positive impact. As we navigate our interconnected world, the harmony between sustainability and technology will continue to shape our future.
The era of Glass Pipes: Blockchain
With clear visibility, real-time traceability and tamper-proof information – Blockchain can not only help our supply-chains and information tunnels in unclogging corruption and fraud but can also improve the flow of carbon accountability. Time to call the plumber?
Greenovation: Building a Circular and Regenerative World
This article examines how renewable energy, circular economy, and smart city initiatives are emerging as powerful tools to address these challenges and create a sustainable future for generations to come. Solar, wind, and hydroelectric power are at the forefront of this shift, each contributing to a more sustainable and efficient energy future. Sachidanand Upadhyay, Hasit Kaji, and other industry leaders share insights into the most promising developments in these fields and the challenges we face in accelerating their adoption.
