1. Digital Drive –
Empowering Knowledge
Economy
Are we
Ready
for the
‘Digital Era’
By Pavan Kumar Vijay

2. “
“
Those who make
magic see the
future before
anybody else….

3. ‘DIGITAL’ ?
Easy Timely
Efficient

4. DISRUPTIONS which
we are seeing today
Asset Light
Model
No
Manufacturing
Focused on
specific target
market

5. Relationship Communication Marketing
Social Media changing

6. Gadgets– Facilitating the
Disruption

7. Mobile Apps- simplifying
the disruption

8. Speed
of Transformation is now
‘Supersonic’
is
Better
stronger
&
faster

9. Time it took to reach
a market audience of 50 million:
Radio 38 years

10. Television 13 years
Time it took to reach
a market audience of 50 million:

11. Internet 4 years
Time it took to reach
a market audience of 50 million:

12. iPhone 3 years
Time it took to reach
a market audience of 50 million:

13. Instagram 2 years
Time it took to reach
a market audience of 50 million:

14. Angry Birds Space 35 days
Time it took to reach
a market audience of 50 million:

15. But they missed the BUS!!!

16. Today’s Imagination tomorrow’s reality

17. Smart glasses

18. Wearable electronics

19. Screenless displays

20. Brain-Computer interfaces

21. AugmentedReality

22. DREAMDOWNLOAD

23. HUMAN MARRYING ROBOTIC COMPANIONS

24. Today’s
REALITY
YESTERDAY’s
IMAGINATION

25. Prediction vs reality
“I think there is a world market for maybe
five computers”
Year 1943
Thomas Watson
President of IBM
on
‘COMPUTER’

26. Prediction vs reality
“By 2005 or so, it will become clear that the internet’s impact
on the economy has been no greater than the fax machine’s”
Year 1998
Paul Krugman
Nobel Prize Winning Economist
on
‘INTERNET’

27. POTENTIALLY ECONOMIC DISRUPTIVE TECHNOLOGIES

28. O MOBILE INTERNET
O ARTIFICIAL INTELLIGENCE
O THE INTERNET OF THINGS
O CLOUD COMPUTING
O ADVANCED ROBOTICS
O ENERGY STORAGE
O BIG DATA
O AUTONOMOUS VEHICLES
O 3D PRINTING
O ADVANCED MATERIALS - Graphene Source : Mckinsey Report

29. ‘DISRUPTIVE TECHNOLOGIES’will create a ‘new
world’ with:
‘Millions’
of Jobs
‘Billions’ of
Consumers‘Trillions’ of
Economic
Activities

30. Whether change in Technology
is
Disruption
OR
Interruptio
nFor Legal/secretarial Industry?

31. Artificial Intelligence
Computer systems
performing tasks which
require human intelligence
Disruptive technologies

32. ‘Big Data’
2.2 million TB data generating everyday;
In 2010 Data market of $ 3.2 Billion
And
In 2015 a market of $16.9 billion
Big data is in Petabytes (PB) = 1 million
GB;
1 PB = 2043 years of music or 12 years of
HD videos;
Disruptive technologies
is ever increasing,
consisting
10% Structured
and
90% Unstructured Data
Data about ‘BIGDATA’

33. Cloud computing
& Mobile
Internet
Disruptive technologies
Services delivered over the Internet
rather than installed locally on a
user's computer.

34. Internet of
Things ‘IoT’
Disruptive technologies
Everyday objects having network
connectivity, allowing them to send and
receive data
Use image here to show
Internet of Things

35. Changes that will reshape the
Legal/Secretarial industry

36. Demands of legal ecosystem
requiring technological
Developments
More
Transparency
Innovative
and effective
solutions
Quick resultsCost effective
Easy
accessibility

37. technology is inevitable for
legal/Secretarial industry
Ocean of Legal Data - requires more time and
manpower
35% to 40% time goes in research – making
Legal services costlier.
High demand requires enhanced
Operational Efficiency and Quality.
more complex legal problems – more
innovation is required

38. Accessing data
Parsing complex
data and facts
Wide Research
Documentation
Disseminating
information
Complying
several laws
Advisory/Representation
CURRENT WORK PROFILE
of
‘company secretary’
Procedural
80%
20%

39. TechnologyIS
PENETRATING IN
legal
&
SECRETARIAL
industry

40. “Artificial intelligence”
‘Game changer’
of
‘legal /secretarial industry’

41. Faster
Analytical
Formulates strategy
Learns from Feedback

42. Advantages of ARTIFICIAL intelligence
Enhancing capabilities
Improving deliverables
Faster client communication
Facilitating light asset model
Levelling the playing field
Vanishing boundaries

43. How AIwill change legal/SEcretarial Industry
Automatically cite relevant cases/law
Create start to end matrix of any case law
Assess legal query, relevant law/precedents and prepare opinion
Suggest best lawyer to choose for a particular case
Predict probability of result in litigation
EQUIPPED WITH ADVANCED ANALYTICAL TOOLS AICAN:

44. FOR STARTING A BUSINESS,
YOU NEED THE FOLLOWING:
How AIwill change legal/Secretarial Industry
In case of rejection of
name it can also
suggest probable
names suiting your
requirements
HOW AI CAN HELP?
AI can suggest probability of your name getting
approval of all these agencies
Company Name
All the above handled by
different Agencies!!!
Trademark Domain Name
AI

45. In case of Oppression & Mismanagement
(Sec 241 to 246 of Companies Act,2013)
AN Illustration of ‘HOW AIWORKS’:
Respondent’s not followed
principles of fair play while
removing my client from
directorship……
Analyze
Laws/circulars
/notifications
Run through
precedents set by
courts and
statistics of same
Analyzes judges
opinion/views/
biases

46. NEGATIVE Prediction… creating fear:
• 70% to 80% Legal &
Secretarial jobs will
end
• We will lose our
importance………
Is that TRUE?

47. “BUT”
experience of past proves the fears wrong

48. Earlier AUTOCAD

50. “
“
You have to know
what’s happening
before you know
why it’s happening

51. What's Next

52. LEGAL
TAXATION
ACCOUNT
S
FACTORY
LEGAL
TAXATION
ACCOUNT
S
FACTORY
LEGAL
TAXATION
ACCOUNT
S
FACTORY
COMPANY
[A]
COMPANY
[C]
STOCK
EXCHANGE
ROC
RBI
SEBI
INCOME TAX
CUSTOM
/EXCISE
STAKEHOLD
ERS
PUBLIC
COMPANY
[B]
XBRL
CENTRALISED
INFORMATION
DEPOSITORY

53. Early fraud
detection
Automatic action
on non-
compliance
Real time data
available for
planners and
researchers
Shows real-time
economic trends
Benefits OF CENTRAIZED INFORMTION DEPOSITORY

54. ‘EXPLORING BIG DATA’

55. FUTURE COURTS
hearing/evidencing through audio visual means
App based smart cause list
Online submissions
Faster judgements

56. Standardization of procedural and
documentation work.
Cloud Based knowledge sharing
Cloud based collaborative knowledge
sharing of
 Procedures
 Checklists
 Books
 FAQs

57. What preparation
‘company
SECRETARY’ should do?

58. Use smartphone ‘SMARTLY’
‘INCREASE PRODUCTIVITY’ with Apps like Evernote, Penultimate, etc.
Keep data ‘ONLINE AND EASILY ACCESSIBLE’ with Dropbox, Google Drive
Create ‘PAPERLESS OFFICE’ with ‘Zoho’
‘KEEPS LAWS HANDY’ with apps like ‘Indian Company Law’
Explore ways to ‘REDUCE TIME AND INCREASE PRODUCTIVITY’
‘BUILD RAPPORT’ with client ‘THROUGH SOCIAL MEDIA’

59. WHAT ICSI SHOULD
DO
Make Technology, AI as part of curriculum/ Introduce Special Courses in
Technology
Constitute separate Futuristic Committee to suggest changes in
curriculum/ICSI activities
Organize techno-legal workshops.
Regular column in Chartered Secretary on technological
developments
Tie up with IBM Watson/ROSS
Strengthen in-house technological capabilities/upgrade employees skills
Embrace technology in all activities.

60. GOVERNANCE PROFESSIONALS
Technology and market will force merger of
different professional Institutes into
A SINGLE
‘GOVERNANCE INSTITUTE’
+ +
Indian Institute OF
GOVERNANCE
PROFESSIONALS

61. ‘Futuristic council’

62. KEY TO SUCCESS
O Learn how to anticipate the future
O Focus on the positive
O Fail forward
O Find the right partner
O Take risks
O Surround yourself with great people
O Learn from others
O Obstacles are opportunities in disguise
O Travel the world
O Remember you will be dead soon

63. IN NO WAIT
SO WE HAVE TO
INNOVATE

64. “
“
Start where
you are.
Use what you
have.
Do what you
can

65. “ Knowing is not enough, we
must Apply.
Willing is not enough, we
“

66. “ DON’T BE AFRAID OF
CHANGE
IT LEADS TO A NEW
BEGINNING
“

67. Pavan Kumar
Vijay/pkvijay
/pkvijay
www.pkvijay.com
/pkvijay
/pavanvijay