GST compliance is the hot issue with most organizations in India. And SAP has a major role to help organizations become GST-ready as most of them use SAP ERP or other applications. To understand how SAP is helping customers adopt GST-ready applications, Dataquest had a tetea-tete with Deb Deep Sengupta, President and Managing Director, SAP India
As digital India has become a buzzword presently in India, how do you see transformation in various industries?
The digital transformation is now opening up to a lot more industries in the ecosystem. We are hearing quite a bit about security from some time now. So therefore, security is going to be very critical; especially for a country like India where the mindset is not process and policy oriented. Other than that, the new tax regime is giving a huge push to the Government’s Digital India campaign. Micro, small and medium enterprises will all have to digitise their processes. More taxpayers are to come into the fold of the formal economy and move on to digital modes of payment.
We are seeing a lot of action in the market from large established and well-known technology companies to SMEs due to GST. how do you think it will impact everybody?
I think everybody knows the long-term impact of GST because it is going to increase India’s tax net. Secondly, it will make systems more transparent. As new policies that come up, there will be a lot of operatives involved. Companies that have a consistent strategy and which can support their clients and customers on a consistent basis will only be able to survive. Otherwise, they’ll just wither away. I guess it is good in a way - at least it creates awareness. Then it is for these organizations to be able to figure out whether they can sustain and whether it’s an opportunity they would want to pursue. In my opinion, whenever one market policy such as GST is rolled out, most companies aim to become compliant. The biggest advantage of GST, other than at a macro level, even at an organizational level is that it will give companies the opportunity to redesign their supply chain.
This story is from the July 2017 edition of DataQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 2017 edition of DataQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Cold-Pressed AI Juice - Is That Bottle Here? Is It Worth It?
Compressing AI models has been both an adventure and a formidable next-inflection-point in the many curves of AI innovation. Can we look for options better than, and beyond, erstwhile approaches like pruning and SLMs?
Indian Research: Far from a bouquet of ORCIDS yet. Why?
Indian brains are universally, and globally, applauded for their 'horse sense' - whether we look at our laser-sharp unicorns and wide-bracket start-ups or pride in the unshakeable global confidence placed for many decades in our IT industry. And yet, when it comes to top-drawer academic research, we are still considered by many as either a 'one horse town' or a 'one-trick pony'. Why this ever-widening gap against our global counterparts?
Accountability in the Age of AI
In this interview, Aayush Ghosh Choudhury, Co-Founder & CEO OF Scrut Automation shares insights on why clear accountability is essential when working with AI, how AI is transforming GRC practices, and the key risks organizations need to navigate. We also explore the advancements expected in the coming years and how organizations can strike a balance between AI adoption and compliance, ensuring responsible and ethical use of these powerful technologies.
Live On the Edge
How can companies leverage the combination of edge computing & AI to foster sustainability?
Technology and Fashion - The Vanilla Girl, without being Cheugy
Moving the needle in fashion- now that can go either way- between being too soft to being too flashy. Especially when it's about AI's copyright issues, personalisation, VR in design, Counterfeits, Quiet Fashion, Image recognition and carbon impact. Can an elastic CRM-fabric and data's new look help in threading the technology needle?
AI does not facilitate financial crime, it helps to fight it.
Why and where do AI models, SLMs, synthetic data and recommendation engines work as angels in areas when the devil is always in the details?
Multi-million and multi-year deals are back-both for first-timers and mature outsourcers
With IT budgets tightening and global uncertainties rising, multi-million, multi-year outsourcing deals are making a comeback.
The Big Five in a Technology Safari
Mobile banking, Blockchain, AI, IT Modernisation and? Wait, is Physical Banking the 5th one? Africa has, for long and quite-deservedly, been brave about exploring the wild forests of banking innovations and on-ground solutions that fit the region's limitations and untapped opportunities to the T. How do you make sure you stay gutsy, relevant and on the right track in such a region? How do you make IT your navigator when you want to be the top pan-African bank? Johnson Idesoh, Group Chief Information and Technology Officer at Absa Group takes us around and gives a peek on what customers here are actually hunting for.
India's Quantum Bet - the Dark Horse Who Eats Dark Chocolate
Or the Dark Matter? It's about the Quantum Race's Winning Gap. India could be the unexpected winner in quantum research, innovation and markets as long as we look beyond the QuBit game and fix real issues that still slow down the last lap. The action is happening, albeit invisible, till we see it shine in full glory.
Quantum Leap or Quantum Leap of Faith? Indian Industries Dive into Infinite Possibilities!
India is on the brink of a quantum leap, as industries from finance to healthcare begin to explore the transformative power of quantum computing. With the capability to perform calculations at speeds unimaginable with classical computers, quantum technology is not just a futuristic concept-it's becoming a practical tool for solving today's most pressing challenges and unlocking new opportunities for growth.