Leadership Summit 2024: Embracing Industry 5.0 and AI-Powered Innovation

Leadership Summit 2024: As the global transition to Industry 5.0 accelerates—where human creativity integrates with Artificial Intelligence (AI) to revolutionize businesses and drive innovation—BML Munjal University (BMU) is gearing up to host its 5th Leadership Summit. The event, set to take place on October 4, 2024, in partnership with the NHRDN Rewari Alwar Chapter, will explore the theme “Embracing Industry 5.0: Leading the AI-Powered Organisations.” The summit will bring together industry leaders, decision-makers, and visionaries to discuss how AI, including Generative AI, is transforming industries, fostering innovation, and enabling sustainable growth.

Leadership Summit Highlights

The event will begin with a welcome address by Prof. Shyam Menon, Vice-Chancellor of BMU, followed by Prof. Pratik Modi, Dean of the School of Management, who will introduce the event’s context. Mr. Sunil Kant Munjal, Chancellor of BMU and Chairman of Hero Enterprise, will deliver the inaugural address, focusing on the essential role of leadership in navigating the complexities of this transformative era. Ms. Swati Munjal, President of BMU, will then give a plenary address on the integration of human creativity and AI-driven innovation in leadership.

A keynote address by Ms. Vinita Bali, Former CEO of Britannia Industries, will provide further insights into how AI is reshaping industries and driving transformative change.

Plenary Sessions and Discussions

The summit will feature three plenary sessions, each addressing key aspects of Industry 5.0 and AI-powered transformation:

1. Human-AI Collaboration in Industry 5.0
   Distinguished speakers, including Mr. Nikhil Malhotra (Chief Innovation Officer, Tech Mahindra), Mr. Ravindra Sharma (Chief of Brand, Corporate Communications & CSR, SBI Life Insurance Co. Ltd.), Ms. Nishu Jain (Executive Director, Data & Analytics, PwC), and Mr. Venkatesh Raman Prasad (JSA Legal Firm), will discuss strategies for seamless collaboration between human workers and AI systems. This session will focus on improving productivity and driving innovation through the integration of AI and human creativity.
2. AI-Driven Innovations and Disruptions
   This session will feature insights from experts such as Mr. Nilanjan Chakravortty (GM-R&D, Hitachi), Mr. Saurav Bhaik (Founder & CEO, Tagbin & Stylin), and Mr. Nitin Kalra (Founder & CEO, Blu Parrot). They will explore how AI is driving innovation and disrupting traditional business models across various sectors, including healthcare, finance, media, automotive, and agriculture.
3. Ethical and Sociological Implications of AI
   The third session will address the ethical challenges surrounding AI adoption, including concerns about bias, privacy, and the role of leadership in ensuring responsible AI deployment. Speakers, including Ms. Rachna Kumar (CHRO, Hero MotoCorp) and Ms. Lopamudra Banerjee (CHRO, Carrier Midea), will discuss how businesses can maintain ethical standards in an AI-driven workplace.

Insights from BMU Leadership

Prof. Pratik Modi, Dean of the School of Management at BML Munjal University, highlighted the event’s significance, stating, “Industry 5.0 is about merging human ingenuity with AI to unlock new levels of innovation.” The 5th Leadership Summit, an annual flagship event of BMU, aims to foster dialogue between industry leaders, academia, and students on the future of AI-powered growth.

Summit Chair Dr. Richa Mishra and Co-Chair Dr. Jolly Masih emphasized the importance of collaboration, noting that “Fostering partnerships between industry, academia, and students is essential for driving AI-powered innovation and growth.”

Conclusion

BML Munjal University’s 5th Leadership Summit 2024 promises to be a pivotal event, exploring the dynamic intersection of human creativity and AI in Industry 5.0. As businesses and industries move toward AI-powered transformation, the summit will provide valuable insights on leading organizations through this new era of innovation and growth.