Sandeep Goel, Managing Director of Moglix, boasts over two decades of experience in a diverse range of business functions. His expertise encompasses establishing, managing, acquiring, and integrating companies, making him a true veteran of the ever-shifting business landscape. Under his leadership, Moglix has emerged as a leading force within this dynamic environment. But how does Moglix navigate the delicate dance between speed, resilience, and continuous learning in this fast-paced world?
Sandeep uses a compelling analogy to illustrate this crucial balance. He compares speed and resilience to the choice between instant coffee and brewed wine. Each has its place, depending on the situation. Speed is prioritised when launching new ventures, while resilience becomes paramount when scaling those ventures from initial stages to full maturity. Continuous learning, however, remains a constant across both spectrums – a critical thread woven through every fast-paced launch and every step of a resilient scale-up journey.
In conversation with People Matters, he dives deep into many more critical takeaways to drive sustainable growth and talent development as organisations gear up to embrace a world transforming rapidly due to AI and other technological advancements.
Here are some excerpts.
How do you anticipate the convergence of generative AI and immersive technologies in reshaping traditional business models?
The convergence of Generative AI and immersive technologies has the potential to simulate experiences which resemble integrating the human brain with human senses. We anticipate that the resulting models will primarily influence “learning & development” and entertainment, gradually evolving into more operation-oriented scenarios.
Today, Generative AI has become a coveted tool, yet its effective utilisation remains elusive for many. It is crucial for organisations to undergo a phased evolution in its adoption. The phases we are currently following include:
Awareness (among both business users and technology teams)
Assessment (identifying potential use cases in collaboration with business users and assessing feasibility)
Application (scaling successful implementations across the organization once initial successes are observed)
As leaders grapple with the complexities of technology adoption, what proactive measures do you suggest for CEOs to understand the nuanced business value and risks associated with generative AI?
For CEOs to grasp the nuances of generative AI, I recommend:
Educational Initiatives: Participate in AI-focused workshops and seminars to deepen understanding. At Moglix, we organise regular sessions with AI experts to keep our leadership team informed about the latest developments.
Pilot Projects: Implement small-scale AI projects to observe their impact and refine strategies. We have successfully piloted AI projects in areas such as demand forecasting and supplier evaluation, which have provided valuable insights and improved decision-making.
Risk Assessment: Conduct thorough risk-benefit analyses to identify potential pitfalls and develop mitigation strategies. Our comprehensive risk assessment frameworks ensure that AI initiatives are evaluated for both potential benefits and associated risks.
Given the emphasis on collaborative intelligence, How does Moglix effectively synchronise human capabilities with technological advancements to maximise productivity and organisational success?
At Moglix, we harmonise human capabilities with technological advancements by:
Skill Development: Offering continuous training to enhance employees’ tech-savviness. We provide ongoing training programmes to ensure our workforce is proficient in the latest technologies.
Integrated Systems: Deploying AI and automation tools that complement human expertise, improving decision-making and operational efficiency. Our AI-driven analytics platforms provide actionable insights, enabling our team to make data-driven decisions.
Collaborative Culture: Encouraging open communication and teamwork between human and digital workforce elements to maximise productivity. We promote a collaborative environment where technology and human ingenuity work hand-in-hand to drive success.
Looking ahead, what transformative trends do you foresee shaping Moglix’s future in embracing technology-driven business and talent models while fostering sustainable growth?
We foresee several transformative trends:
AI and Machine Learning: Further integration of AI to drive predictive analytics and automation. We are expanding our use of AI to enhance supply chain visibility and efficiency.
Sustainable Practices: Leveraging technology to enhance sustainability initiatives, reducing environmental impact. Our sustainable procurement practices and green supply chain initiatives are central to our growth strategy.
Digital Supply Chains: Continued evolution towards fully digital supply chains for improved efficiency and transparency. We are investing in blockchain technology to ensure transparency and traceability in our supply chain operations.
As a trailblazer in the industry, what advice would you offer to organisations striving to transition from inspiration to action, particularly in leveraging technology for enduring business success, in line with the TechHR India theme?
For organisations aiming to transition from inspiration to action:
Clear Vision: Define a clear technological vision aligned with business goals. At Moglix, our vision is to revolutionise supply chain management through cutting-edge technology.
Incremental Implementation: Adopt a phased approach to technology integration, allowing time for adjustment and learning. We implement technology projects in stages, allowing us to learn and adapt as we go.
Stakeholder Engagement: Engage all stakeholders in the technology adoption process to ensure buy-in and support. We involve all relevant stakeholders, from employees to partners, in our technology initiatives to ensure alignment and success.
To learn more about how to succeed in this dynamic business and talent landscape, join us at the People Matters TechHR India 2024 this 1st and 2nd August at the Leela Ambience, Gurgaon.
This is your chance to meet the expert Sandeep Goel himself and unlock more of his expert insights to drive sustainable growth, synchronise human and machine capabilities, navigate risks and more. Register Now!