Speaker:   Ms. Neha Pansari
Designation: Deputy Vice President
Organization:  Axis Bank
Profile:   Ms. Neha Pansari has Industry experience in Corporate Banking, Trade Services, Retail Assets/ Liabilities, Infrastructure, and Facilities Management. She is currently working as Deputy Vice President at Axis Bank. She is an award winner of Women in AI Leadership 2019.
Date:        4th October 2021
Title:         Digital Transformation and Analytics in Finance
Details:    Ms. Neha Pansari started the session on an interactive note with the importance of digital transformation and analytics in finance. Key points and the various sorts of initiatives taken by the organizations to adopt digital transformations were explained. She explained the exact meaning of digital transformation and how it would be handy to people during the pandemic.
She emphasized the fact that we need digital transformation to cater to rising cost pressures and changing customer expectations. She explained that digital transformation is the integration of digital technology into all areas of a business. She said that it fundamentally changes how we operate and deliver values to customers. She discussed various examples of digital transformations like phone banking. E-locker, Alexa, online shopping, chatbots, etc. She explained the future of digital transformations and what changes we can expect because of the transformations. She shared her experience in designing new logic and framework for digital transformation in retail banking, trade, and treasury.
She explained that as we move to digital transformation, one thing that is continuously increasing is the amount of data generated. She spoke about the need for analytics to handle the huge amount of data at hand. She highlighted the importance of proper and accurate analysis of the data for proper insights. The use of analytical skills for continuous monitoring was discussed briefly. The lecture concluded with an explanation of the analysis and maturity model. The model involves a sequence of steps or stages that represent the evolution of a company and its ability to manage its internal and external data. This data is then used to make business decisions.