A national seminar on ‘Future of Finance’ has been organised by Dr. Esha Jain, Faculty – School of Management in association with Chartered Institute of Management Accountants (CIMA) London, UK on 11th January 2019 in which eminent speakers from industry has been come. The seminar was attended by 207 NCU students and 67 external participants from different places like University of Delhi, KR Mangalam University, IILM University, GD Goenka University, Central University of Rajasthan, Arya Mahila PG College (BHU) Varanasi, DCRUST Murthal, Delhi Technical Campus, GGSIPU, Govt Girls College, IGNOU, Hansraj College, Rajdhani College, K.L .Mehta Dayanand college for women, Manav Rachna International Institute of Research and Studies Faridabad, MDU Rohtak, Sharda University Greater Noida, Shri Ram College of Commerce, Tecnia Institute of Advanced Studies, Jamia Millia Islamia University, Jamia Hamdard University, etc.
The main aim of this seminar is to enhance the skills of the students towards the future of the finance. The event was inaugurated with lamp lightening by the dignitaries. Hon’ble Pro-Chancellor, Prof. Prem Vrat gave address regarding how emerging technology like Artificial Intelligence, Artificial Reality, Virtual reality, Block Chain helps us into forecasting the future along with the negative aspects of finances in india and the need to be cautious of all the issues; making us vulnerable, and on the security against cybercrime. He also talked about the focus of forensic audits, income tax returns and CA’s role with the technological, legal and administrative constraints that are going to come along with it. Vice Chancellor, Prof. H B Raghavendra also gave awareness on the enjoyment of change of technology and virtualisation and warned to stay cautious on the advancement in the future of finance. Dean, SOM, Dr. A P Dash shared his personal experiences of how we are a part of undeniable financial future and throw light on the insights of steps towards helping students of the School of Management in NCU with the benefits of making academic changes with more relevant and future focused subjects.
Mr. Debasish Roy, Vice-President – Finance, Bertelsmann Marketing services India Pvt Ltd influenced students to be adaptable to the changes of the business environment and discussed how the non-adaptability will cause a terminal decline like Nokia, Kodak. He also discussed the importance of customer preferences, Just-In-Time and giving weightage to customer satisfaction over productivity, and services over the products and how the core of finance is getting automated with the leads of automated data driven and streaming of data. CA Deepti Gupta, Associate Director – Finance and Internal Control, PepsiCo covered the topics of Advanced Data Analysis and Forecasting, developing Robotics Process Automation, Cloud computing and SaaS software’s – kind of technologies implementing or planning to implement soon. She also gave insights on Artificial intelligence opportunities, Block chain- the real time sharing of information, its importance from security angle, hence, its transparency. CA Rahul Chawla, Director & Tax Practitioner, Rahul Chawla and Associates focused on quality over quantity and put insight on how technology is changing our roles; and displayed the roles of humans to take strategic decisions. Mr Shiva Botchu, Senior Manager – Technology Strategy and Architecture, Deloitte Touche Tohmatsu LLC discussed about the emergence of speed and fastest transactions in business models and the importance of making financing dynamic in nature, over static. Being a payment expert, he talks about removing human intervention and bringing automated processing and gave insights to risk-management. Mr Vinit Pawar, Regional Manager, North and East India, CIMA discussed about Technology automation. He said that Finance, Accounts and Technology automation are the key drivers of finance. With researched data, he shared forecasted stand points of transforming business models. Mr Ankit Talwar, Marketing Specialist, North India, CIMA introduced CIMA in detail, and disclosing exceptions to set foot into CIMA for the NCU students. He also shared the effectiveness of good decision making, to keep learning and to keep pace with the running future.