CII Confers MAKE Awards

Hyderabad, February 27, 2017: With the rise of the services sector, the growing importance of knowledge is a key factor in productivity, competitiveness, employment and economic growth. The increasing usage of artificial intelligence, Big Data analysis, Internet of Things (IoT), Knowledge Automation, etc. is throwing up important challenges to the management to analyze their Knowledge Maturity strength.

This was brought out in the CII National Knowledge Summit on 27-28 February 2017 with the central theme “Knowledge Management in all its Dimensions”. The Summit was chaired by Dr. Ganesh Natarajan, Chairman, CII National KM & BT Committee 2016-17.

Dr. Natarajan pointed out that the rapid globalization and technology advancements have brought out the relevance of Knowledge Management and what it can do to the firm’s growth very clearly. “India needs to ensure that its work force has the learnability and is receptive to changes,” he said.

Mr. Sasi Sunkara, Partner, McKinsey, stated that in this era of ‘Digital World’ the focus on SMART – Strategic, Marketplace, Architecture, Rigidity and Technology – is driving Knowledge Management (KM).

He emphasized that companies should look at KM as the marketplace to bridge the gap between clients and their requirements and provide access to knowledge across the value chain of the company.One needs to first inculcate curiosity among students and professionals to be inquisitive of knowledge, he said.

Dr. B V R Mohan Reddy, Chairman, Cyient Limited,mentioned that the velocity of change needs continuous focus to enable a structured growth for enterprises and enable them to use KM to its maximum benefit. Traditionally in the organizations, the main source of Knowledge came from its employees, but this is no more relevant today with the emergence and impacts of social media, though the usage and ethics of it may differ. He mentioned that as per Gartner, Inc. forecast that 8.4 billion connected “things” will be in use worldwide in 2017, and will reach 20.4 billion by 2020.

Prof. Deepak B Phatak, from Indian Institute of Technology, Mumbai in his keynote address opined that there is an imperative need to relook at the whole Indian Education systems from Schools, Colleges, Universities, boards and institutes. He opined that Knowledge Management is perceived to be learned at two levels, Micro Segment – student life, professional and experienced professionals. Macro Segment – Academic institutes, schools colleges, the entire education ecosystem.

During the two day summit, sessions covered the importance of disruptive technologies, the rapid evolution of IoT, sustainability and future of KM, learnings on cross organizational knowledge sharing and new model of KM learning. More than 200 delegates attended the Summit with representation across industry sectors including IT/ITES, Consultants, FMCG, Pharma, Automobile and Manufacturing, and so on.

Coinciding with the Knowledge Summit, CII also recognized the India’s “Most Admired Knowledge Enterprise (MAKE)” winners.  The Indian MAKE study was established in 2005 to recognize organizations (founded and headquartered in India) for their ability to create stakeholder value by transforming new as well as existing enterprise knowledge into superior products/services/solutions.

MAKE awards is the world’s benchmark to identify those organizations which have exceled in the knowledge-driven strategies to out-perform their peers in organizational performance and intellectual capital creation.

The Winners of the 2016 Indian MAKE study, conducted by Teleos in association with The KNOW Network, are (in alphabetical order):

Afcons Infrastructure
HCL Tech
Infosys Technologies
Tata Consultancy Services Ltd.
Tech Mahindra
The Titan Company
Wipro Limited

Overall Winner : Infosys Limited

The Knowledge Summit was an excellent gateway of opportunities to discover the latest KM strategies for driving growth and innovation.

27 FEBUARY, 2017


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