Digital disruption to have large impact on global industries: Frost & Sullivan summit report

BENGALURU: At the Frost & Sullivan’s annual Growth Innovation and Leadership (GIL) 2016: Asia Pacific Global Congress that took place on October 13, 2016 at the Conrad Centennial Singapore, Digital Disruption was the underlying theme. It was emphasized that 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.

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 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.

At the event Bhat said, “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.” 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 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. Frost & Sullivan’s key analysts also shared their insights in selected Topics presented include Future of Manufacturing; Future of Infrastructure and Future of Healthcare. The Gold Growth Partners included the Halal Industry Development Corporation, (HDC), Medini Iskandar Malaysia Sdn Bhd (MIM), and Malaysia Digital Economy Corporation (MDEC). Media partners include the Asian Century Institute (ACI), Developing Telecoms, HealthInvestor Asia (HIA), ResearchSEA, TelcoProfessionals (TP) and MediaBuzz.