Technology as a Key Differentiator
Frost & Sullivan’s GIL India 2018 Discussed Technology as a Key Differentiator and Embracing Change as a Force for Growth.
Frost & Sullivan’s GIL India 2018
To identify growth engines, industry convergence and business model innovation for long term success.
Information Technology (IT)
Frost & Sullivan’s Growth Innovation & Leadership (GIL) India 2018 Summit concluded its 10th edition on October 10th in Mumbai. The Summit shared insights on the Non-Linear business model paradigm and how organisations can leverage exponential or accelerated growth across industries. It was a conclave of industry experts and visionaries who came together to envisage the next wave of innovation emerging from various convergence scenarios.
In his welcome address, Aroop Zutshi, Global President & Managing Partner, Frost & Sullivan said, “Technology is all pervading, and businesses need to assess its impact. It is extremely critical to identify growth engines, industry convergence and business model innovation for long term success. It is imperative for businesses to have a vision for the future, deliver value to experience exponential growth and thrive in these times of change.”
India is the largest IT sourcing destination in the world; the data centre market in India has doubled in the last 3 years and is projected to grow 1.5 times by 2020. The Summit kicked off with visionary insights on ‘Technology Opportunity Engines – Drive Exponential Growth in your Organisation’ elaborating on technology interplay, customer experience and how industries need to identify growth in areas of convergence.
Nick Gliddon, Chief Enterprise Business Officer, Vodafone Idea Limited said, “As India embraces disruptive change like never before, newer sections of society are entering the digital economy with more demanding expectations in customer experiences. Organisations need to leverage the power of Mobility, IoT and Cloud applications to be more agile in the face of disruption and take advantage of these tremendous growth opportunities. Businesses that make a case for transformation by picking the right technologies are best placed to drive exponential growth.”
This year Frost & Sullivan felicitated Kiran Mazumdar-Shaw, Chairperson & Managing Director, Biocon Limited with the 2018 GIL Visionary Leadership Award for her relentless philanthropical pursuits, business accomplishments and outstanding contribution in the social sector.
Accepting the recognition, Kiran Mazumdar-Shaw, who could not attend the Summit, said in a video message, “I am deeply honoured to receive Frost & Sullivan’s 2018 ‘GIL Visionary Leadership Award’. I feel humbled to join the league of leaders like Ratan Tata, Kumar Mangalam Birla, Anu Aga, Archbishop Desmond Tutu, and Sir Richard Branson, etc., who have previously received this award. I congratulate Frost & Sullivan for their Growth, Innovation and Leadership Summit which focuses on innovation as the way forward for global economic development. As an entrepreneur who has leveraged differentiation and innovation to build an end-to-end biotechnology-led business, I believe we are living in the ‘Idea’s Age’. Today, every economy in the world is pursuing economic development through an innovation-led growth strategy. As an ‘Ideas Economy’, India has a unique opportunity to leapfrog into the future by pursuing an 'Affordable Innovation’ model, which I am using at Biocon to enable affordable access to life saving complex biologics therapies for cancer, diabetes and autoimmune diseases.”
The Summit witnessed some power-packed keynote sessions and panel discussions on several industry specific topics like Mobility, Healthcare, Start-up ecosystem and more. The sessions further discussed key market trends, new business models, and best practices for success, that are repositioning the industry for the digital era. Interactive panel discussions with senior thought leaders and industry specialists highlighted convergence across industries like uberisation in healthcare, government initiatives on localisation of data, technology interplay, data growth, success stories across start ups and more.
The session on ‘Emergence of New Mobility Business Models driven by Digital Transformation’ led by Kaushik Madhavan, Vice President, Mobility (Automotive & Transportation) Practice, Frost & Sullivan, deliberated the transition from conventional fuel powered cars to electric vehicles, further to ridesharing, shared mobility, multimodality of mobility, platformisation of transport, transcendental mobility and more. It emphasised how mobility providers need to take a collaborative, rather than disruptive approach to serve better in future. It further discussed new revenue streams and how mobility services are expected to grow into a trillion dollar market by 2025.
The Think Tank conducted by Frost & Sullivan’s Anand S., Vice President, shared insights on the hottest 50 technologies that are beacons to guide the strategic moves of innovation-focused organisations and professionals in the next couple of years. The workshop discussed how the possible convergence of several of these technologies opens up unprecedented opportunities for new revenue models and the next generation of innovative products and solutions.
The Summit included perspectives from dignitaries and speakers from across industries, such as:
• Ajay Mahipal, Head – Investments, Currae Healthtech Fund
• Arun Devaraj, Engineering Head India, Visteon Corporation
• Deepangshu Dev Sarmah, Editor-in-Chief, Auto Tech Review
• Dr Shankar Venugopal, Vice President, Mahindra & Mahindra
• Dr Shenoy Robinson, Managing Director, Catex Health
• Guruprasad Mudlapur, Managing Director, Bosch Automotive Electronics India Pvt Ltd
• Nick Gliddon, Chief Enterprise Business Officer, Vodafone Idea Limited
• Rajesh Batra, VP – IT, Kokilaben Dhirubai Ambani Hospital
• Santosh Marathe, COO, Apollo Hospital – Western Region
• Sivam Sabesan, Managing Director India, CharIN e.V
• Subhash Shelke, Vice President – Delivery SAP Basis Projects, Essar Group
• Sunil Gupta, Executive Director and President, Netmagic (An NTT Communications Company)
• Vinay Lakshman, Director, Rane T4U
The evening concluded with Frost & Sullivan’s 2018 India Best Practices Awards Banquet, which recognised companies for their accomplishments in areas of innovation and convergent thinking that will catalyse and transform industries in the near future. This year 45 awards were presented to a range of deserving establishments and companies across various industries such as Tech Vision, Visionary Science, Transformational Health, Measurement and Instrumentation, Industrial Automation & Process Control and Mobility.
The Summit was supported by Associate Partners – Mitsubishi Electric India’s Factory Automation & Industrial Division (FAID) and Universal Robots. It was also supported by Media Partners – Automation Connect, Auto Tech Review, CIO Insider, Commercial Vehicle, DigiAnalysys, Electronics Bazaar, Industrial Automation, Manufacturing Today, MTLEXS, Smart CEO and Sustainability Next.
Pix1: Aroop Zutshi presented Frost & Sullivan’s ‘2018 GIL Visionary Leadership Award’ at GIL India 2018 to Kiran Mazumdar-Shaw, accepted n her behalf by Seema Ahuja, Global Head of Communications, Biocon Limited.
Pix2: Session on Technology Opportunity Engines: Drive Exponential Growth in Your Organisation with panellists (L-R) – Subhash Shelke, Arun Devaraj, Niju Vijayan, Director, MEASA, Frost & Sullivan, Sunil Gupta and Nick Gliddon.
Pix3: Growth Workshop conducted by Anand S, Vice President, Frost & Sullivan on Top 50 Technologies
Pix4: Panelists for the session on “Emergence of New Mobility Business Models Driven by Digital Transformation” (L-R) – Vinay Lakshman, Dr Shankar Venugopal, Sivam Sabesan, Guruprasad Mudlapur and Deepangshu Dev Sarmah.
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