MANILA - Over 500 business and enterprise leaders gathered at the EDSA Shangri-La Hotel recently for the annual Enterprise Innovation Forum (EIF) presented by Globe Business, the information and communications technology (ICT) arm of Globe Telecom.
With the theme “Gearing up your business for the future,” this year’s forum focused on how industries can maintain competitiveness and relevance in the market through ICT by bringing in thought leaders and speakers from all over the world to instill the importance of innovation in leading businesses and industries.
“Businesses today operate in a world that is in an ever-constant change. This change has affected enterprises in such a way that it has disrupted usual thought process and workflow. With the trend of how technologies evolve and become available, these changes in the business environment drive enterprises to transform their business models to remain relevant now and in the future,” shares Globe Senior Advisor for Enterprise and IT Enabled Services Group Mike Frausing.
Innovation and Trends Shaping the Enterprise Landscape John Wagner, Boston Consulting Group Bangkok’s partner and managing director, started the CEO Breakfast Forum with his insights on innovations and trends currently shaping the global enterprise landscape.
“We have trends like the ‘Internet of Me’ that change the way people behave around the world through technology, placing the end user at the center of every digital experience; ‘The Intelligent Enterprise’ that makes embedding software intelligence into every aspect of its business and drives new levels of operational efficiency, evolution, and innovation; and powers an ‘Outcome Economy’ that enables new business models where the focus shifts from selling things to selling results.”
Wagner added, “Internet of Things is beginning to be widely adopted in enterprise Business-to-Business (B2B) contexts. I believe that there will come a time that businesses will need to respond quickly to today’s dynamic business environment of seasonal spikes or unexpected surges of activity.”
Staying ahead of the curve in cybersecurity
Singtel Group Enterprise CEO Bill Chang was one of the two plenary speakers showcasing new trends in cybersecurity, one of the biggest issues confronting enterprises today. Chang highlighted various business areas that are particularly vulnerable to cyber attacks, and the specific measures that can be undertaken to avoid them.
“Cyber attacks affect governments, enterprises and consumers. This is no longer a technology related issue but has become a significant business challenge. With most Boards, Cyber attacks rank among the top current risk issues that must to be addressed urgently.
In fact, a recent report puts into perspective how widespread the problem has become. It is estimated that 98 percent of web-based applications are vulnerable to attack, while 1 in 6 mobile apps is malware-related. As many as 1 million malware is being distributed on a daily basis,” Chang said. To illustrate the prevalence of cyber threats, Chang then cited several recent cases where big brands were successfully targeted and breached. In each case, the companies suffered reputation loss and faced disruption to their financials and business operations.
Chang also showcased how businesses can secure their data and network with Trustwave's Managed Security Services (MSS), a comprehensive network security solution that ensures uninterrupted security protection against internal and external threats. MSS also encompasses a different suite of security capabilities such as managed firewalls, managed intrusion detection and prevention system (IDPS), managed anti-virus software, and managed web filtering which protects business critical IT and information assets against malicious network traffic.
The Innovator's DNA: Mastering the Five Skills of Disruptive Innovators
The main plenary speech was delivered by Hal Gregersen, MIT Leadership Center’s Executive Director, focusing on “The Innovator’s DNA: Mastering the Five Skills of Disruptive Innovators”. The global authority of building innovative leaders shared how companies can develop the skills necessary to move progressively from idea to impact and come up with disruptive innovations.
Gregersen began his plenary talk with a story about the beginnings of photography. Using one of the leading photography related businesses as an example, he showcased how a once-disruptive innovator can go bankrupt if it doesn’t continue to be an industry leader. He also emphasized the importance of asking questions in order to continue the creation of new ideas.
“Kids are good at doing what innovators do: they ask questions. They observe things. They try things. That’s exactly what we should all do. Innovators ask questions that are catalytic. What’s working? What’s not? Why? It’s not about finding the right answers but finding the right questions. If you have challenges you need to solve at work, you must recognize that the reason these challenges exist is because you’re asking the wrong questions," revealed Gregersen.
For the afternoon sessions, the crowd dispersed into five breakout sessions: Inspiring Corporate Culture, The Internet of Everything, Network Without Limits, Consumerization of the Enterprise, and Cyber Security.
Globe Business holds the annual forum for leaders and corporations to participate in an insightful learning session and sharing of best practices that maximize innovation to stay ahead of competition and become role models in their respective industries.
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