Industries To Undergo Digital Transformation

Friday, October 14th, 2016 | 701 Views

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, according to Frost & Sullivan.

Digital disruption was the underlying theme at the research and consulting firm’s annual Growth Innovation and Leadership (GIL) 2016 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, urbanisation, mobility, and security,” he noted.

He also added that despite how technological advancements are expected to significantly alter the future, issues and challenges such as human rights, globalisation 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 organisations need evolve and adapt to the changing business landscape.

Frost & Sullivan’s analysts also shared their insights in selected topics presented include Future of Manufacturing, Future of Infrastructure and Future of Healthcare.