Technology is expected to be the driving force across industries and this transformation will be the catalyst driving productivity, innovation, skill development and growth for the companies of today.
Digital disruption was the underlying theme at Frost & Sullivan’s annual Growth Innovation and Leadership (GIL) 2016: Asia Pacific global congress, which took place on 13 October 2016 at the Conrad Centennial Singapore.
Against a backdrop of digital transformation as a strategic imperative, Nitin Bhat, Head of Consulting, Asia Pacific and Country Head Singapore, Frost & Sullivan presented a thought provoking keynote session aptly titled ‘Future of the Future’. He discussed how social, technological, political and economic forces will influence the business and lifestyle patterns of society in the future.
“Amidst an uncertain future, there has been extreme interest around the themes of living forever, changing lifestyle trends, discovery and exploration. To meet those needs, digital transformation is expected to have a deep impact on the various industries and trends such as the community, urbanization, mobility, and security,” noted Bhat.
He also added that despite how technological advancements are expected to significantly alter the future, issues and challenges such as human rights, globalization and economic equality will still remain and it is our moral charge to address them.
With technology expected to be a major disruptor for the jobs of today and the future, the subsequent sessions on Future of Jobs and Future of Business Models also discussed how organizations need to evolve and adapt to the changing business landscape.
Other highlights of the summit included an interactive workshop on Employment Market Transformation and in-depth panel discussions on the Future of Asia and Future of Business Models. In addition, Frost & Sullivan’s key analysts shared their insights in selected topics and provided a glimpse into the future of manufacturing, infrastructure and healthcare.
The presentations definitely motivated all participants to start preparing for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, changing customer dynamics and emerging economies or new mega-trends coming our way. A truly inspiring congress!