CPA Australia, one of the world’s largest professional accounting bodies, in partnership with the Associated Chambers of Commerce and Industry of India (ASSOCHAM), India’s oldest apex industry chamber, organised a landmark global summit on “The Future of Business Resilience & Risk Mitigation: Innovations, Strategies, and Alliances” in Bengaluru, India.
As part of CPA Australia’s vision to drive partnerships and knowledge sharing in the region, the event brought together policymakers, business leaders and financial experts to explore cutting-edge strategies for building risk-resilient, future-ready businesses.
With the rapid evolution of technology and an ever-changing risk landscape, the summit fostered a dialogue among key stakeholders about innovation and risk management and leveraging technology to develop actionable strategies for business growth.
The summit featured distinguished speakers and guests including Dr. S. Selvakumar, Principal Secretary, Commerce and Industry Department, Government of Karnataka; CA Dr. Ashok Haldia, Chairman, ASSOCHAM National Task Force for Accounting Standards, Sustainability Accounting and Integrated Financial, Reporting and Former Secretary, Institute of Chartered Accountants of India (ICAI); S Sampathraman, Chairman and Managing Director, DPK Engineers, and Past Chairman, Karnataka State Development Council.
Dr. S. Selvakumar, Principal Secretary of the Ministry of Commerce and Industry, emphasized the urgent need for skill development in his address, stating, “Focusing on skill development is critical to ensure our talent remains resilient and capable of mitigating business risks.”
In a keynote address to the invited guests, Gavan Ord, Lead for Business Policy at CPA Australia, noted that as per a recent survey by the organisation in the Asia Pacific region, “India is leading the AI adoption trend in the region”, Gavan added to his keynote.
Mr. Rakesh Rajan, Chief Digital Officer, Reserve Bank Innovation Hub spoke on the survey insights presented by Mr. Gavan, specifically talking about growing AI adoption in India, he stated, “India is a vast country and is doing well in terms of AI adoption. In the banking sector, there is vast amount of data and by using AI and Machine Learning we can identify transactional patterns and behaviour of customers to mitigate risks.”
