IIM Ahmedabad, Bank of America partner to create CDT

The Indian Institute of Management,  Ahmedabad , the global management institution, has partnered with Bank of America to launch a Center for Digital Transformation (CDT). The center targets to become a key knowledge hub for academic, policy-making and the private sector by facilitating cutting-edge research on digital innovation and transformation.

The Center for Digital Transformation was launched with an event attended by IIMA professors, along with recognized leaders from industry and academic institutions from India and abroad.

In announcing the launch of the center, Professor Errol de Sousa, Director of the International Institute of Business Administration (IIMA), stated that “Advances in the information technology sector are growing rapidly and changing the way we work. The pandemic has further revealed the value of digital operating models and the need for industry, institutions and countries to accelerate their adoption of technology. Therefore, it is imperative that we examine the impact of this digital transformation on business, government, individuals and society. “

“Our global economy is becoming increasingly digitally dependent, as our current environment confirms,” ​​said Cathy Besant, Bank of America chief operating officer and technology. “the digital economies rising evolves at an exponential rate, shared learning and best practices are critical to shaping the future of our governments, industry, and universities. This is how we will ensure that technology is created and implement responsibly. “

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Responsible digital transfer

As a next strategic step, the center has also established an advisory council for responsible digital transformation. This discussion, supported by IIMA, will bring together diverse stakeholders to consider on urgent requirements and unique perspectives on digitization. This is planned to promote best practices and guidelines prepareded to benefit all stakeholders and achieve broader goals. The board will play a major role in strengthening the core competencies of the center and guide projects. The board will enable huge collaboration and alignment with external industry partners for long-term value creation.

Members of IIM CDT

All the members of the Council are d. Ritu Agarwal, senior associate dean of the Robert H. Smith School of Business at the University ,Maryland. Debjani Ghosh, president of Nascom. Rajesh Gopinathan, CEO of Tata Consulting Services; Nandan Nilekani, Non-Executive Chairman of Infosys; Aditya Puri, Senior Advisor to The Carlyle Group; Dr. Vallabh Sampamurthy, Albert O. Nicholas Dean of the Wisconsin School of Business at the University of Wisconsin-Madison.

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“From last few years, the Indian government has enabled citizens to access social security, financial products, education and health facilities using digitization as a key enabler,” said Kaku Nakati, President of Bank of America in India. “Bank of America is the main sponsor of these initiatives, and this new branch will only strengthen the responsible digital framework in India.