The profound changes expected in a new era of advanced technologies and the unprecedented speed of change will require leaders of Industry 4.0 to be agile and adaptive while still keeping in view the mission that drives their corporate existence, agreed panellists in a session on leadership at the Annual General Meeting of the New Champions, which closed today.
Michelle Zatlyn, Co-Founder and Chief Operating Officer of Cloudflare, said her definition of leadership – the act of motivating a group of people towards a common goal – has not changed. However, she underlined the “certain risk of disruption” if leaders and their organizations do not respond with great agility.
Huang Yiping, Deputy Dean of the National School of Development at Peking University, agreed, noting that those who are innovative and flexible will have a higher chance of surviving the dynamism of the Fourth Industrial Revolution. He expressed concern about unbridled growth, underlining the need to temper the rapid rate of innovation, particularly in the fintech sector, with risk management before another major failure undermines consumer and investor confidence.
Suphachai Chearvanont, Chief Executive Officer at CP Group, emphasized the need to retain a sense of mission and values, especially at a time when chaotic changes are putting ever increasing pressures on leaders.
The command-and-control structure that informs decision-making will have to give way to a more bottom-up approach that empowers employees to participate in a more free-wheeling environment. Zatlyn, however, is unsure that the much-hyped “leading without leaders” style of start-ups is necessarily more effective in fostering agility. “You want agility but you don’t want a whiplash,” she said.
Organizations of the future will be learning organizations, said John Meacock, Global Chief Strategy Officer at Deloitte, who stressed the importance of proper planning and strategy notwithstanding the constant changes and challenges ahead.
Outcomes from the meeting include:
The Government of the United Arab Emirates joined the Forum’s Closing the Skills Gap initiative, launching an accelerator programme that will be stewarded by the country’s Minister of State for Higher Education and Advanced Skills.
Leaders in the health and information technologies sectors shaped and committed to developing EPI-BRAIN, a first-of-its-kind data innovation platform to predict and forecast epidemics.
The Forum announced it will open a branch of the Tropical Forest Alliance in China. The Alliance is an initiative led by the World Economic Forum that aims to remove deforestation from commodity supply chains.
Bahrain will pilot a set of guidelines for the ethical procurement of artificial intelligence developed by the UK and the Centres for the Fourth Industrial Revolution Network (announced at last year’s Annual Meeting of the New Champions).
The Inter-American Development Bank (IDB) will use the newly launched Blockchain Single Trade Window framework, developed by IDB and the Forum, to pilot blockchain projects that improve border clearance, and will share lessons and best practices.
Fahad Almubarak, State Minister, Member of the Saudi Council of Ministers, Saudi G20 Sherpa and Secretary-General of the G20 Saudi Secretariat, chaired a consultation session with Asian stakeholders to gather input for the agenda of its G20 presidency, starting in December.
Business for Nature, a global coalition to elevate the business call for comprehensive action to reverse nature loss and restore the planet’s vital natural systems, was launched on 2 July.
A first advisory meeting took place to provide strategic direction to the 28 financial institutions that have signed up to a set of Green Investment Principles. The principles, drafted by a coalition including the Forum, the Green Finance Committee of China, the Society for Finance and Banking and the Green Finance Initiative of the City of London, aim to serve as a voluntary standard for investment into the Belt and Road Initiative.
As part of a wide-ranging memorandum of understanding between China’s Ministry of Ecology and the Environment (MEE), the two partners announced:
A collaboration in support of the 2020 Biodiversity Conference of Parties in Kunming, China; the agreement will see the formation of a new community and the publication of a report, The New Nature Economy.
The Forum also joined the Green Belt and Road Coalition, which will see collaboration with MEE on a number of thematic partnerships, including Environmental Information Sharing and Big Data; Biodiversity and Ecosystem Management; Green Finance and Investment; and Green Technology Innovation.
South Korea joined the Forum’s Centres for the Fourth Industrial Revolution Network.
The Forum’s Global Future Council on Agile Governance piloted a new tool, endorsed by the Government of the United Arab Emirates, to help policy-makers and regulators avoid being left behind by rapid technological change.
The Infrastructure and Urban Development community formed a task force on Risk Allocation and Mitigation to make infrastructure collaborations between the public and private sectors more equitable, future-proof, socially endorsed and immune to political cycles.
World Bank Group and CES Announce Global Tech Challenge Winners
World Bank Group and CES announced the winners of the Global Tech Challenge at CES®2021.
The result of a partnership between the Consumer Technology Association (CTA) and the World Bank Group, the Global Tech Challenge was launched at CES 2020 to reward scalable and innovative technological solutions in three main areas: digital health in East Africa, resilience in India and gender equality around the world. Technology solutions that helped communities respond to the COVID-19 pandemic were also prioritized.
Selected among over 1,000 applications, three winners were selected for gender equality, 10 for resilience and 17 for digital health. More details about the selected innovations can be accessed here for health, resilience and gender equality.
Global Tech Challenge winners will have the opportunity to access financial and/or technical assistance to pilot and scale their solutions on the ground with private sector companies, governments and within development projects financed by the World Bank Group, one of the largest sources of funding and knowledge for developing countries.
“From closing the digital divide to building resilience in the face of natural disasters or pandemics, innovation can solve some of the most pressing development challenges. The World Bank Group is pleased to support impactful programs focused on bringing equal access to connectivity to women in developing countries and to recognize cutting-edge solutions such as AI-enabled robots to rebuild homes in post-disaster areas. Now is the time to scale up solutions that have proven effective, so that no one is left behind in the new digital era,” said Makhtar Diop, the World Bank’s Vice President for Infrastructure.
“Disruptive technologies are a fundamental driver of economic growth and job creation—and key to solving development challenges around the world. At IFC, we are proud to support the private sector in bringing these technologies to emerging markets, with innovations that range from portable ultrasound devices that can detect COVID-19 to medical tools that provide real-time cardiac diagnoses even in remote areas,” said Stephanie von Friedeburg, Interim Managing Director and Executive Vice President, and Chief Operating Officer at IFC.
“We are thrilled to be continuing our work with the World Bank so the world’s best and brightest innovators at CES can collaborate with the World Bank Group to enter new markets, provide solutions and aid in development,” said Karen Chupka, EVP, CES, Consumer Technology Association (CTA).
Owned and produced by CTA, CES 2021 will be an all-digital experience connecting exhibitors, customers, thought leaders and media from around the world. CES 2021 will allow participants to hear from technology innovators, see cutting-edge technologies and the latest product launches, and engage with global brands and startups from around the world. For over 50 years, CES has been the global stage for innovation, and CES 2021 will provide an engaging platform for companies large and small to launch products, build brands and form partnerships.
Absolute Digital Media On The New Digital Marketing Trends of 2021
The year of 2020 is one that many of us are more than happy to leave behind for new beginnings, but with a new year also comes a new load of marketing trends. Out of these marketing trends, which of them will be best for your business? In this article, we will be providing you with insight into some of the new digital marketing trends for 2021.
Social Media Will Become More Important Than Ever
Social media has been used in marketing for several years now, but in 2021 it will be more important than ever before. With platforms such as Facebook implementing a market place for individuals and businesses to advertise and sell their items, this will be a new way for customers to not only to discover companies but also purchase items directly from their Facebook pages. This will become a new way for agencies such as Absolute Digital Media to use social media to increase their own visibility as well as their clients.
Virtual Events Are Here To Stay
Throughout the year of 2020, people all over the world were forced to stay inside for longer than ever before as the virus took a hold of our lives. However, this has led to several businesses adapting to still host major events without having their attendees to travel. This has meant that virtual events for marketing have become more popular than ever before. This has been a popular move for an online marketing agency as this has provided them with the platform, they need to show their expertise and show their branding.
Absolute Digital Media On Using Chatbots
In addition to virtual events, there has been a huge focus on automation as we head into 2021. One of the biggest trends when it comes to marketing is the use of a chatbot. With several industry experts such as Ben Austin CEO of Absolute Digital Media and several others singing the praises of chatbots when aiding the conversion funnels, this is a new way of aiding customers through the discovery stage of the conversion funnels and into purchasing a product from you whether through your own website or another retailer.
Personalised Marketing Is More Important Than Ever
Along with virtual events and atomisation, personalised marketing techniques are more important than ever before. With personalised marketing in the form of email marketing and personalised messages, you can personally help the customer on their journey and make the sales process significantly easier. Though this will take time to implement this can provide your sales team with the perfect opportunity and aid in closing deals in the long term. This will not only help to boost your business, but it will make sure that the conversion funnel is optimised fully.
As a business owner, you want to make sure you have the best for your business and these trends are on, hand to help you out. Which of these will you be implementing within your business throughout 2021?
Deloitte Releases Tech Trends 2021
The public sector has been thrust to the forefront of the societal and economic disruption caused by the pandemic, and technology leaders have had to accelerate digital transformation and reimagine how to enable their workforce and better serve Americans. Deloitte’s 12th Annual Tech Trends Report, released today, examines the trends and opportunities that will disrupt every industry to a varying degree in the next 12 – 18 months. The special government analysis reviews the trends through a public sector lens and provides examples of the trends in action with agencies applying them to advance their missions.
“Digital transformation projects that used to take years have been completed in a matter of months. Government tech leaders have demonstrated their own grit and resilience and that of their organizations through this disruption,” said Scott Buchholz, Emerging Technologies Research Director and Government and Public Services CTO, Deloitte Consulting LLP. “However, 2020 has clearly shown that organizations need to become nimbler in strategy and culture. Moreover, they need to be modernizing mission-critical systems while enhancing security and maintaining zero disruption operations.”
To read the Tech Trends 2021: A government perspective and how prepared government agencies are to navigate continued disruption, click here.
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