Dr Paritosh Basu | Humane and Ethical Dimensions of Digital Transformation |

Dr Paritosh Basu | Humane and Ethical Dimensions of Digital Transformation |

• Dr Basu is a digital evangelist and engaged in several research and consulting activities. The subjects of his ongoing three research projects are Crowdfunding, Accounting and Reporting from Blockchain Platforms and CBDC. 
• He is presently serving as Senior Director (Services) of Stragility Consulting Pvt. Ltd. His book ‘Digital Transformation – A Prismatic View’ was published in March 2022.

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Dr Babu received a Lifetime Achievement Award from Trescon Global in 2016. He is a Life member of the Computer Society of India. He is a sought-after speaker and passionately shares concepts with both novices and experts.

00:31- About Dr Paritosh Basu and his journey.

• Dr Basu is a digital evangelist and engaged in several research and consulting activities. The subjects of his ongoing three research projects are Crowdfunding, Accounting and Reporting from Blockchain Platforms and CBDC. 
• He is presently serving as Senior Director (Services) of Stragility Consulting Pvt. Ltd. His book ‘Digital Transformation – A Prismatic View’ was published in March 2022.
• He is a visiting faculty member of NMIMS School of Business Management and IIMK.
• He completed on June 30, 2022, nine years’ engagement as a Sr. Professor and Chairperson MBA (Law) of NMIMS University School of Business Management, Mumbai, India.
• In academia, he is known as a scholarly academician. Before that, he served the corporate world for thirty-four years’ majorly in finance, accounting and reporting, strategic planning, risk management and IT enablement. His last two corporate positions were that of the Global Group Controller and CFO of two large MNCs in India.

02:28- Why are you called a digital gospeller?

• As per the oxford dictionary it means, who jealously teaches, or professes faith in the gospel. 
• Three crucial things about digital technology are 8 principles of digital solution designing; 12 principles of successfully designing artificial intelligence space solutions; and 10 commandments of a digital transformation with a human & ethical dimension with a human and ethical dimension. 

04:43- 10 commandments of a digital transformation with a human & ethical dimension

• Creative destruction
• Be conscious of the world’s environment 
• Shared benefits
• Shared fortune
• Look at the environment 
• Look at the digital transformation. 
• See whether the benefit reaches the best of people who are suffering.
• Don’t create a digital divide all over the world. 

07:20- Is Blockchain completely transparent? How will it make a difference in the corporate world?

• Blockchain is a technology which is useful in a no-trust environment. 
• Blockchain works on a distributed ledger network, a peer-to-peer network. 
• Blockchain is not governed by any governor or any central controller. 

15:35- Challenges of blockchain

• Scalability 
• Interoperability 
• Creating the blockchain library.
• People with the required technological mind and skill. 
• People’s awareness

24:15-Lessons from the conversation.

• Do anything and everything with digital technologies only if you are ethically cleared in your mind. 
• Don’t play with technology unless you have sufficient knowledge about the technology. 
• You are not doing everything for only the HNI (High Network Individuals), corporations or for money-minded people. 
• Create wealth which is distributable amongst common people.  

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• Dr Basu is a digital evangelist and engaged in several research and consulting activities. The subjects of his ongoing three research projects are Crowdfunding, Accounting and Reporting from Blockchain Platforms and CBDC. 
• He is presently serving as Senior Director (Services) of Stragility Consulting Pvt. Ltd. His book ‘Digital Transformation – A Prismatic View’ was published in March 2022.
• He is a visiting faculty member of NMIMS School of Business Management and IIMK.
• He completed on June 30, 2022, nine years’ engagement as a Sr. Professor and Chairperson MBA (Law) of NMIMS University School of Business Management, Mumbai, India.
• In academia, he is known as a scholarly academician. Before that, he served the corporate world for thirty-four years’ majorly in finance, accounting and reporting, strategic planning, risk management and IT enablement. His last two corporate positions were that of the Global Group Controller and CFO of two large MNCs in India.