Dr R Seetharaman (second left), CEO of Doha Bank, and other officials during the event.
The Great Lakes Institute of Management hosted the convocation ceremony for class of 2019 at the Southern Indian State Tamil Nadu’s capital city Chennai. The Convocation Address was given by India’s Vice-President M Venkaiah Naidu. Dr R A Mashelkar, President – Global Research Alliance & Former Director General – CSIR and Dr R Seetharaman, CEO of Doha Bank were the Guests of Honour at the event.
At the event, Dr Seetharaman said. “We are in an interconnected and interdependent world. Globalization, technology, Re- regulation and consumerism is the key. This world is shrinking as we drive towards value based system and towards knowledge based society.
“That is the world we are in. We are setting new standards where in world is measurable, manageable and controllable and sustain the values what we have inherited as a heritage civilization and culture. World is enduring for generations to come and for happiness to come.”
Highlighting the emerging trends in technology, Seetharaman said the fourth industrial revolution combines advanced technologies in innovative ways, dramatically reshaping the way people live, work and relate to one another.
Various industries are getting redefined, the health sector can be reimagined, the work space is undergoing changes, robotics and artificial intelligence are going to play important roles and the customer will be more empowered in the digital environment.
Banks need to manage the change by redefining their business models and to manage various stake holders such as customers, regulator and shareholders.” Seetharaman said a knowledge society can never fail.
“You as students today are going to equip yourself with value systems for generations to come. Not only do we want to create a better world we want to create a better citizenship to ensure world is enduring its values which is created by God. We have to recognize that change in global make up is real and risk is real as well.
“Risk is getting redefined today. In terms of corporate it is stakeholder’s values and public private partnership models are evolving. It is also about setting a Goal or vision for your young mind and the direction you want. Think first you will have it. Set your vision in your mind and work to execute it.” He highlighted the importance of social responsibility.
“We should understand the importance of UN Sustainable development Goals (SDGs) and aim to achieve them.
Sustainable Development Goals such as no poverty, zero hunger, good health and well-being, quality education, gender equality, and climate action are impacted by technology.
Young professionals are going to set new standards in various fields taking into consideration the above trends and I look forward to this. Thereby this will contribute to their happiness and also thereby to the Growth of economies. The Gross domestic product (GDP) to Gross Domestic Happiness (GDH) is the new world order. “
