LBR LBO Enterprise Summit 2016 – “Build Smarter Businesses with Smart Technologies or be Outsmarted” – Thursday 7th April 2016

enterprise-summit

Topic: Build Smarter Businesses with Smart Technologies or be Outsmarted
Date/Time: Thursday 7th April 2016 | 0730 - 1930 Hrs
Venue: Oak Room, Cinnamon Grand
Host: Lakshaman Bandaranayake | Founder, Publisher | Lanka Business Online [LBR LBO]
Inquiries: Lakshaman Bandaranayake | lakshaman@lbo.lk | 071 176 0167 or 072 776 0167 General | summit@lbo.lk | 071 466 0060
Registration fee per participant: Individual or groups of less than 5: Rs. 13,900, Groups of 5 or more and up to 9: Rs 13,200, Groups of 10 or more: Rs 12,500 (Pre VAT & NBT)

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SMART TECHNOLOGIES DELIVERING UNIMAGINABLE VALUE Technology pioneers are creating smarter businesses by leveraging the exponential power of the smart technologies – Internet of Things, Mobile Apps, Cloud Computing, Data Science and Social – and are creating extraordinary value to the modern society. By connecting people, processes and things via smart technologies businesses are improving financial performances, enhancing customer experiences and increasing employee engagement. They are reimagining the business philosophies, business models, business processes and customer experiences, and in so doing are making the businesses more human centric, agile, responsive, competitive and high performing. There isn’t a single business today, which is not affected by smart technologies. And every company in every industry is looking for ways and means to harness the transformative powers of such technologies. A business can today ignore the exponential transformative power of smart technologies only at the risk of being outsmarted and outperformed by smarter competitors. Some companies are exploring new business models, developing new user experiences, and experimenting with new channels and platforms to create significant new value in the technology powered business environment. To get there, most of these companies are pursuing the same laundry list of initiatives. They are reengineering processes and products, investing in technology platforms, and launching efforts to achieve back-office efficiency. Such efforts are rarely translated into enough market impact and growth. Their results are too incremental and not unique; they merely move their brand recognition or increase sales a bit. There is far more market-making, world-changing potential in technology. On the other side consumers are rapidly embracing technology- powered lifestyles in all aspects of their lives- economic, education, and entertainment, social and political, perhaps at a much faster pace than the corporates. LBR LBO Enterprise Summit 2016 ““Build Smarter Businesses with Smart Technologies or be Outsmarted” will bring together over twenty-five thought leaders from multiple industries and disciplines from here and abroad in five insightful and thought provoking sessions. Each session will have two to three brief keynotes and will be followed by a panel discussion moderated by a senior business executive with in-depth understanding of technology and business. The session would be:
  • Building smarter businesses by leveraging smart technologies: What can we learn from technology pioneers?
  • How smarter businesses reimagine customer experience to increase the reach and relevancy?
  • How smarter businesses develop human centric value chains?
  • Is there a road map to build smarter business models through integration of digital and physical: Why, what and how?
  • Business Leaders Roundtable: How to lead organizational change to build smarter businesses by overcoming three inertia - Change, Innovation & Strategy Execution
SMART BUSINESSES ARE HERE IN SRI LANKA Building smart businesses is not about just reinventing business processes and operations digitally. It’s about embracing a wholly new business philosophy. It’s a new way of inventing new opportunities and creating new value to society by leveraging smart technologies in all spheres of human endeavors. Smart technologies are touching every sphere of human endeavor in an unprecedented manner and as such it is and will be the most impactful phenomenon in the human history. Consumers are embracing the spectacular changes and new values the digitally turbo-charged enterprises are bringing to them. Local start-up “Pick-Me” and global ride-share company “Uber” empower Colombo citizens with the freedom to choose the best transportation option for their needs. Instead of calling for a cab and waiting without knowing when the cab will arrive- or flagging down a Tuk-Tuk on the streets, “Pick-Me” and Uber give consumers access to safe, affordable rides, quickly through an app on their smartphones. Ceylon Electricity Board (CEB), the government owned utility agency, is deploying Smart Metering Technology (SMT), which will provide the consumers with near real time electricity usage data thus giving them power to make decisions on their consumption levels. SMT will also make consumption and billing data transparent to both the consumer and utility provider at the same time. There are several hundred Airbnb “hosts” in the city of Colombo and suburbs. These “hosts”, front-runners in the shared-economy, are generating new revenue streams for themselves from existing properties while offering the travellers a cheaper alternative. Good old CEB (by deploying SMT), Pick-Me, Uber and AirBnb all are extracting new value out of existing physical infrastructure by deploying digital technology. The governing philosophy is respecting customer’s right to make informed decisions and making sincere and honest efforts to make the required information available in a timely and easily accessible manner. As observed by Rajan Anandan, Managing Director of Google Southeast Asia and India, Sri Lankan ecommerce has a promising future, though still at a nascent stage. Some estimates put the sector value in the region of USD 1.5 billion in the next five years. The mushrooming e-commerce sites and Facebook stores and the success of some of the early entrants such as www.wow.lk are indicative of the consumers’ enthusiasm to embrace online and social commerce.
Strategists often equate the term “Digital Transformation” with the shift in technological investment when its true implications span far beyond technology and into the realm of infrastructure, organization, leadership, and a renewed focus on the entire customer experience”
MAS Holdings, is rising up to challenges posed by the rapidly changing customers’ tastes and preferences in fashion clothing. Usually the industry takes 12 to 18 months to turnout new designs: from design to market. As a result of changing customer expectations, the brand owners now demand shorter lead-time and smaller orders sizes, thus exerting severe pressure on the supply chain and risking the scale of economies. The response of Bodyline has been to reimagine the value chain by deploying digital technologies to closely observe the consumers to gain deeper insight, develop closer integration and collaboration in supply chain. This has resulted in significant impact in the brand owners’ market effectiveness. Colombo based Cake Labs provides a platform independent cloud based integrated solution for the restaurants industry. The system empowers restaurant managers to focus on the day-to-day operations while the Cake Labs solution integrates every touch point of a restaurant. The system also transforms the end-to-end customer experience through key integrations at all major touch points. Customers can order online and a dynamic wait listing process with personalized notifications keep customers informed of their seating availability and built-in analytics allow repeat customer recognition and preference pattern analysis. nCinga is revolutionizing apparel manufacturing by deploying solutions driven by IOT and analytics. nCinga’s manufacturing solutions help companies make real-time decisions using fast data, analytics and insights. Ustocktrade, the newest venture of Tony Weerasinghe, Sri Lanka’s leading tech entrepreneur, brings the power of mobile, cloud and analytics to create world's First Retail Stock Trading Network. Ustocktrade aims to lower the barriers of entry to investing, empowering users—regardless of skill or experience level—to make trades. Millennium IT, a global IT company originated from Sri Lanka and generally known for stock exchange solution, is now helping companies to leverage data science, cloud computing and social develop all encompassing “Social Relationship Management” strategies for companies- enabling businesses to create deeper and closer customer engagement as never before. In the social and political fronts, Manthri.lk analyzes, summarizes and presents the work done by Members of Parliament (MP) in a way that a common man can understand thus paving the way to making informed electoral decisions by the constituents. Consumer adoption of digital is evident by rapid popularization of social media and active political conversations on Facebook and Twitter. People everywhere are using social networks to find jobs and restaurants, lost friends and new partners – and, as citizens, to achieve common political goals. Social media played a vital role in the regime change that took place on the 8th January 2015. The youth have since been vociferously active on social media in challenging the establishment on the number of social, political and environmental issues. Mobile has become so common that consumers no longer consider that as a technological marvel. Instant voice accesses to anyone anywhere in the world and instant broadband access to World Wide Web are taken for granted today. The rapid expansion of digital infrastructure will soon see universal mobile Internet, making Sri Lanka a fertile ground for digital services in all spheres of citizens lives; economic, social, public and political.
“I can’t think of any industry sector or company which is immune from Digital Transformation.” - Andrew Paul McAfee Co-director, Initiative on the Digital Economy, MIT
No one can escape the massive transformation driven by the smart technologies and the spectacle it has begun. The challenge is how to discover a roadmap for navigating innumerable and breathtaking changes that are now taking place. Sri Lanka is ready to move in to deep digital age and there are some positive and encouraging developments in certain sectors in Sri Lanka business. In Sri Lanka, majority of business leaders stated in an online survey that they were highly concerned about the digital disruption. Join 300 other technophile corporate executives who are keen on leading smart technology revolution in creating smarter Sri Lankan companies at the 2016 edition of LBR LBO Enterprise Summit ““Build Smarter Businesses with Smart Technologies or be Outsmarted” from 0830 to 1800 HRS on Thursday the 7th April 2016 at Oak Room, Cinnamon Grand.