Snowflake

Forbes India presents "The Data Circle" in association with Snowflake, is an initiative that showcases top tech leaders in a thought leadership format. The selection process takes a comprehensive approach, considering their influence on both their companies and industries. The pivotal roles of these tech leaders drive innovation and breakthroughs within their respective sectors. These agile and enterprising leaders adeptly strategize to manage critical organisational conditions. The campaign aims to acknowledge and engage these exceptional professionals who are shaping the future.

Vineet Tyagi, Global CTO, Biz2Credit/Biz2X

Catalysing Innovation

Tyagi has an experience of 28 years in digital transformation, big data, data science, artifi cial intelligence, and analytics. A pioneer in fi nancial technology and an avid speaker, he hosts the popular and insightful ‘Tech Tuesday’ series on the YouTube channel of Biz2X.

Tyagi’s passion for technology was sparked by a serendipitous encounter with a personal computer in the late 80s. This chance meeting triggered a fascination for computers and computing technology that has the power to provide solutions to complex problems and drive innovation. Throughout his career, Tyagi had the privilege of not only witnessing but also spearheading transformative technological advancements that have meaningful impacts on society and business alike.

As the global CTO of Biz2credit and Biz2X, Tyagi plays a pivotal role in catalysing innovation, empowering the tech and products team, and aligning technology with strategic vision. To foster innovation and seamless communication, he promotes a culture of openness and collaboration with regular brainstorming sessions, cross-functional teamwork, and agile methodologies to encourage creative thinking.

Under his leadership, the organisation has integrated emerging tech, prioritised security, and ensured scalability to deliver pioneering solutions in the dynamic financial industry. They harness data analytics, and machine learning to assess credit risk accurately, optimise customer experiences, enhance decision-making, and refi ne product off erings. They currently manage close to 1.2 Petabytes of data on the cloud, by leveraging data-driven insights, they enhance operational efficiency, identify expansion opportunities, and stay compliant with evolving regulations.

Of the many tech-driven initiatives by Tyagi, a signifi cant one is the creation of Maadhyam, a holistic platform that unites lenders and aggregators to streamline operations to improve accuracy. This initiative has resulted in substantial growth and operational effi ciency, positioning them as industry leaders. Under his leadership, they have provided credit of more than $20 billion to small business owners globally through the technology they have created.

Tyagi talks about his success mantra, “Innovate relentlessly, fail smart, adapt quickly, and collaborate extensively.” By staying at the forefront of technology, swiftly adjusting to change, and fostering strong partnerships, he has delivered massive value to his clients and maintained a competitive edge in the ever-evolving industry. Tyagi stands as a beacon in the ever-evolving world of technology.