IIM Ahmedabad, Bank Of America collaborate to set up centre for 'Digital Transformation'

According to the official statement released by the institute, An advisory council on Responsible Digital Transformation has also been set by IIM Ahmedabad.

Indian Institute of Management Ahmedabad (IIMA) has joined hands with Bank of America to launch a Centre for Digital Transformation (CDT). Informing about the collaboration, IIM Ahmedabad said, “The Centre aims to become a knowledge hub for academia, policymaking, and the private sector by facilitating cutting-edge research on digital transformation and innovation.” According to the official statement released by the institute, An advisory council on Responsible Digital Transformation has also been set by IIM Ahmedabad. The council will bring together diverse stakeholders to deliberate on the needs and unique perspectives on digitalization.

The advisory committee of the Centre is jointly chaired by Cathy Bessant (Chief Operations & Technology Officer, Bank of America), and Founding Chair Dr. Pankaj Setia (Professor of Information Systems, IIMA).  The other members of the advisory committee include Professor Errol D’Souza (Director, IIMA); Sumeet Chabria (Global Technology & Operations COO and Global Business Services Executive, Bank of America); Dr. Debjit Roy (Professor, IIMA); and Dr. Ramayya Krishnan (Dean of Heinz College, Carnegie Mellon University).

Talking about the launch of the Centre, Professor Errol D’Souza, Director, IIM Ahmedabad, said, “Advancements in the information technology sector are growing rapidly and transforming the way we function. The pandemic has further revealed the value of digital operating models and the need for industry, institutions, and nations to ramp up their adoption of technology. Therefore, it becomes imperative that we study the impact of this digital transformation on business, government, individuals and society.”

“Our global economy is quickly becoming more reliant on digital technologies as underscored by our current environment,” said Cathy Bessant, Bank of America Chief Operations and Technology Officer.

According to the official press release, India Country Head, Bank of America, Kaku Nakhate said, “Over the last decade, the Indian government has empowered citizens to access social security, financial products, education and health services using digitization as the key enabler...Bank of America is a key supporter of these initiatives, and this new Centre will only strengthen the responsible digital framework in India...."

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