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From Life to Technology: What Leaders have to say
From Life to Technology: What Leaders have to say

February 18, 2022

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From Life to Technology: What Leaders have to say

 

NASSCOM Technology Leadership Forum 2022 set the stage for some eminent speakers from around the world. From life to technology, a lot is discussed during this event. The world is changing and now looked at with a new perspective by these speakers.

Prof. Yuval Noah Harari, a historian, philosopher talked a lot about humanity. According to him, the biggest challenge for humanity is to manage their own demons which makes it difficult to utilize and apply technology. He also said that the major achievement for humans in 2021 was the reduction in violence around the world.

 

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Giving it a technology angle, a fresh perspective came up in which India is asked to take lead on the tech regulation framework. India being a huge market must teach the world about digital adoption, inclusion, and access to all. A strong emphasis was laid on data that should be used to help not for manipulation. A lot of advice and expectation was laid out:

  • Ensuring that the internet is safe, trustworthy, and accountable
  • Never allow too much data to concentrate on one place
  • Two-way surveillance- Corporations & Government
  • AI should increase human agency, and not decrease it

So, when we talk about technology, IT sectors lead the race and many new areas have scaled using this technology. The most important and powerful sector is SaaS. Many SaaS start-us have splurged in past few years and veterans in this business have some advice for them to scale it effectively.  

 

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Effective ways for scaling revenue in SaaS:

  • Patience: First $ million revenue takes time
  • Product-Market Fit: Product should be loved by the market
  • Focus on Product Led Growth
  • Building Partner Channel

What to expect in the next 5 years of SaaS:

  • New categories to scale
  • CRM product-led companies
  • Emergence of Developer tool

 So, a lot has changed in the world in the last few years and one needs to have a different approach and perspective to crack this code and succeed.


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