SRM Institute of Science and Technology
Ramapuram
Faculty of Science and Humanities
Department of Commerce
Event Report On
“NATIONAL CONFERENCE ON CONTEMPORARY ISSUES IN COMMERCE& MANAGEMENT IN INDUSTRY 6.0”
Date of the Event- 23RD AUGUST 2024
| SRM Institute of Science and Technology Ramapuram | |
| Title of the Event: | NATIONAL CONFERENCE ON CONTEMPORARY ISSUES IN COMMERCE& MANAGEMENT IN INDUSTRY 6.0 |
| Date: | 23/08/2024 |
| Time: | 9.00 AM TO 3.00 PM |
| Venue: | GALLERY HALL 1,3 AND AV HALL |
| Total Attendees: | 126 |
| Name of the Resource Person/ Guest (if any): |
Inaugural FunctionDr. M. Gurusamy – Chief Guest Professor & Chair Person – Marketing & Entrepreneurship Adarsh Institute of Management & Information Technology, Bengaluru Guest of Honour CMA Rakesh Shankar Ravisankar Member Internal Auditing & Assurance Standards Board, ICAI Assistant Professor, DG Vaishnav College, Chennai. Valedictory Function Chief Guest Dr.V. Arulmurugan Associate Professor & Head, Department of Commerce School of Management, Pondicherry University, Karaikal Campus Guest of Honour CMA Venkatakrishnan S Centre of Excellence Special Projects. |
| Profile of the Speaker (if Available)
Profile – Dr.S.Gurusamy He has a comprehensive academic background including an MBA, M.Phil, Ph.D., and a D.Litt. in Marketing, brings an impressive 19 years of teaching experience alongside a brief stint in the industry of 9 months. Currently serving as a Professor and Chairperson for Marketing and Entrepreneurship at the Adarsh Institute of Management and Information Technology in Bangalore, Karnataka, India, he has distinguished himself in the academic and research fields. Dr. Gurusamy has significantly contributed to the intellectual property domain with 9 patents in India and 5 in Australia, underscoring his innovative approach to research and development. His scholarly output is remarkable, with 9 articles published in Web of Science journals, 20 in Scopus indexed journals, and a plethora of articles in other national and international journals totaling 31 books published. Profile -CMA – Rakesh Shankar Ravishankar Fellow Member of the Institute of Cost Accountants of India Associate Member of the Chartered Institute of PublicFinance & Accountancy, UK Fellow Member of the Institute of Public Accountants,Australia Fellow Member of the Financial Accountants, United Kingdom Member of the Institute of Internal Auditors, India Professional Member of the All India Management Association Member of Institute of Directors, New Delhi Qualified Independent Director Examination and empaneled with Indian Institute ofCorporate Affairs Completed Training on Valuation of Financial Assets & Securities in ICMAIRVO Profile – Dr. V. ARULMURUGAN Doctorate in Commerce(Logistics Science) in University of Madras, M.Phil Commerce, M.Com (Business Finance) and MBA (International Business) from Pondicherry University. • Professionally Qualified in UGC–NET–JRF in Commerce & NET in Management. UGC • 21 years of experience in Teaching, Research, Extension & Social Outreach Initiatives in University of Madras, Manonmaniam Sundaranar University & Pondicherry University. • Specialization: Banking & Finance, Business Innovation & Technology, Scientific Research & Data Analytics. Profile- Dr. VENKATAKRISHNAN SWAMINATHAN Highly motivated and dedicated professional with 15 years of experience in Finance of Manufacturing & Service industries. Proven record of accomplishment on cost control, digital transformation, change management and a strong Fintech aficionado. Skilled in project management with a commitment to excellence and continuous learning. EXPERIENCE Omega Healthcare Management Service P Ltd. Chennai – 2022 – Present Head – Finance Centre of Excellence Special Projects, Global. |
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| Event Mode: | HYBRID |
| Incharges: | Dr.K.Srinivaasan
Mr.S.Balakrishnan Dr.N.Alamelu sathyabama Dr. S.Dhivya |
| Objective of the Event | |
| The National Conference on Contemporary Issues in Commerce and Management in Industry 6.0 aims to serve as a dynamic platform for exploring the latest innovations and technological advancements in Industry 6.0, particularly within the realms of commerce and management. It seeks to foster interdisciplinary collaboration among experts from various fields, encouraging the exchange of ideas, research findings, and best practices. By facilitating this knowledge-sharing, the conference aspires to identify key areas for future research, guiding scholars and practitioners in developing new theories, models, and strategies. Additionally, the event will delve into the policy and regulatory implications of integrating Industry 6.0 technologies into commerce and management, providing valuable insights for policymakers and industry leaders. Participants will also have the opportunity to network, enhance their professional development, and collaborate on addressing the challenges posed by Industry 6.0. The conference will showcase real-world case studies and innovations, demonstrating practical applications of these technologies, and will explore strategies to drive economic growth and social impact within the context of Industry 6.0. | |
Synopsis of the Event
· Welcome Address
On23/08/24,the National Conference on Contemporary Issues in Commerce and Management in Industry 6.0 was officially opened with a welcome address delivered by Dr.S.Chitra Srinivasan- Head – Department of Commerce The welcome address began with a warm greeting to all distinguished guests, esteemed speakers, and participants. The speaker expressed their pleasure in hosting an event that brings together leading minds to explore the transformative potential of Industry 6.0, particularly in the fields of commerce and management. The significance of the conference was highlighted, emphasizing the importance of the discussions and insights that would be shared throughout the day
· Importance of the event
Conducting a National Conference on Contemporary Issues in Commerce and Management in Industry 6.0 is crucial as it enables professionals and academics to stay current with the rapid technological advancements shaping these fields. This conference fosters collaboration between academia and industry, driving innovation and the integration of cutting-edge technologies into business practices. It also provides a platform to address emerging challenges posed by Industry 6.0, ensuring that participants are well-equipped to navigate and leverage these changes. Moreover, the conference helps in setting future research agendas and guiding policy decisions that will shape the future of commerce and management in this new industrial era.
· Chief Guest Introduction
The chief guest introduction was given by Dr.Ambuli –Programme Co-ordinator Department of commerce- Shift -1 and Dr. Suseela – Programme Co-ordinator Department of commerce- Shift -2
Dr. M. Gurusamy, a distinguished Professor and Chairperson of Marketing & Entrepreneurship at Adarsh Institute of Management & Information Technology, Bengaluru, emphasized the transformative impact of Industry 6.0 technologies on marketing and entrepreneurship. He highlighted how these advancements are reshaping consumer behavior, market dynamics, and the very nature of entrepreneurship. Dr. Gurusamy urged participants to embrace the innovations of Industry 6.0, such as AI-driven personalization and advanced data analytics, as essential tools for thriving in today’s competitive marketplace. He also stressed the importance of interdisciplinary collaboration and continuous learning to effectively leverage these technologies for sustainable business growth.
CMA Rakesh Shankar Ravisankar, a respected member of the Internal Auditing & Assurance Standards Board at ICAI and Assistant Professor at DG Vaishnav College, Chennai, focused on the implications of Industry 6.0 for auditing, finance, and corporate governance. He discussed the challenges and opportunities presented by the integration of advanced technologies, such as blockchain, AI, and automation, into financial and auditing practices. CMA Rakesh highlighted the need for professionals to adapt to these changes, ensuring that they remain relevant and capable of maintaining high standards of accountability and transparency in a rapidly evolving digital landscape. His address also underscored the critical role of education and training in equipping the next generation of commerce and management professionals with the skills needed to navigate Industry 6.0 successfully.
Both speakers collectively conveyed the urgency of embracing the changes brought by Industry 6.0 and the need for academia, industry, and policymakers to work together in shaping the future of commerce and management. Their insights provided a strong foundation for the discussions and knowledge-sharing that followed throughout the conference.
Technical Session
The National Conference on Contemporary Issues in Commerce and Management in Industry 6.0 featured two online technical sessions and one offline session, each with 25 participants. During these sessions, four judges monitored the presentations and provided valuable feedback. Their insightful comments played a crucial role in evaluating the success of the conference and enhancing the overall quality of the discussions and presentations.
During the Valedictory Function of the National Conference on Contemporary Issues in Commerce and Management in Industry 6.0, Dr. V. Arulmurugan and CMA Venkatakrishnan S delivered insightful addresses that encapsulated the key takeaways from the event. Dr. Arulmurugan, Associate Professor and Head of the Department of Commerce at Pondicherry University’s Karaikal Campus, highlighted the emerging trends and research developments in commerce and management within the Industry 6.0 framework. His talk focused on the integration of advanced technologies and their transformative impact on academic and practical aspects of commerce.
CMA Venkatakrishnan S, from the Centre of Excellence Special Projects, provided a detailed overview of the practical implications of Industry 6.0 technologies on financial and management practices. He emphasized the importance of adapting to these technological changes to enhance efficiency and transparency in business operations. Both speakers underscored the conference’s role in bridging the gap between theory and practice, and encouraged continued exploration and innovation in the field to address future challenges and opportunities.
Vote of Thanks
Mr.S.Balakrishnan proposed vote of Thanks by appreciating all the speakers, participants, and
organizing committee members for their dedication, time, and effort.
Outcome
Participants gained a comprehensive understanding of the latest technological advancements and their implications for commerce and management, including AI-driven personalization, blockchain, and automation.
The conference highlighted emerging trends and identified key challenges faced by businesses in adapting to Industry 6.0, providing valuable insights for future research and practical applications.
The event fostered interdisciplinary collaboration among academics, industry professionals, and policymakers, facilitating the exchange of ideas and best practices for leveraging Industry 6.0 technologies.
Practical strategies and recommendations were shared for integrating new technologies into business operations, enhancing efficiency, and driving growth in the context of Industry 6.0.
