Press release from Business Wire India
Source: Frost & Sullivan
Monday, February 20, 2012 03:38 PM IST (10:08 AM GMT)
Editors: General: Consumer interest, Environment, People; Business: Accounting & management consultancy services, Business services, Chemicals, Information technology; Technology; Healthcare
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"Leveraging Innovation is Essential To Gear Up for the Future Business Environment", says Frost & Sullivan at GIL 2012: Middle East, The Global Community of Growth, Innovation and Leadership
Thought Provoking Workshop-Based Congress stimulated Visionary Thinking by focusing on 'Global Mega Trends' and 'TechVision 2020'
Dubai, United Arab Emirates, Monday, February 20, 2012 -- (Business Wire India) -- Frost & Sullivan just concluded their 3rd Annual Flagship Congress - GIL 2012: Middle East, The Global Community of Growth, Innovation and Leadership at Madinat Jumeirah, Dubai, U.A.E. The Congress that witnessed participation from senior level delegates across industries saw Frost & Sullivan Growth consultants/thought leaders guiding them through the Journey to Visionary Innovation through thought provoking sessions that set the stage for solution-based interactive workshops that followed.
The Congress began with a Keynote presentation by Aroop Zutshi, Global President and Managing Partner, Frost & Sullivan, who set the stage for visionary thinking by sharing his insights on 'The Journey to Visionary Innovation'. In his keynote speech, he enlightened the significance of leveraging innovation to survive in the future business environment. Where Innovation comes from, how to nurture it, what do companies need to do today, were some of the key questions he addressed through his session.
He was followed by Dorman Followwill, Partner and Director, EIA, Frost & Sullivan, who supported the vision shared by Aroop with the Mega Trends Projections (part of Frost & Sullivan's Visionary Innovation Research Program) specifically for Middle East and their impact on Companies, Careers and Industries. This set the stage for the interactive workshop wherein delegates were grouped as per the industries they related to, namely, Defense, Energy, Environment, Healthcare, Information and Communication Technologies, Metals, Specialty Chemicals, Supply Chain and Logistics. The workshop focused on learning how to leverage interactive tools to understand opportunities/threats arising out of future Mega Trends and to prepare contingency plans based on probable scenarios, prioritise seeking future new customers based on emerging Mega Trends in new geographies, emerging economies, and new attitudes and preferences of consumers. The workshop also focused on aligning future Mega Trends with the current vision and strategy and aligning current strategy to the expected accelerating change in future technology and needs of the "Customer of the Future". The objective of the program was to adopt a Macro to Micro methodology of applying Mega Trends and help companies realise innovation opportunities.
"It is important for companies in the Middle East to understand the global forces that are driving change. They also need to understand the risks involved, if they do not gear themselves for this change today. Through the workshops, it is our effort to get the companies to think beyond, take into account the technologies and innovation that we will witness by 2020, and thereafter develop an implementable growth strategy. " says Y. S Shashidhar, Managing Director, Frost & Sullivan, Middle East and North Africa.
The Congress also witnessed the launch of the Flagship Research Program 'TechVision 2020' by Technical Insights (TI), the Technology Research and Consulting division of Frost & Sullivan and revealed the Top 50 Technologies and Innovations that will reshape our world in the coming years. The thought provoking presentation gave an insight into how top emerging and innovative technologies will impact Industries, Strategies and Business Decisions in the Middle East.
This Flagship Research is the culmination of relentless efforts put in by over 50 global TI analysts based in six continents. The selected technologies are spread across nine technology clusters, which represent the bulk of R&D and innovation activity today. The structure of the program is based on these nine technology clusters.
The Top Emerging Technologies revealed at the Congress were:
1. Sensors and Automation: CBRN Detection Technologies, Energy Harvesting, Smart Sensors and Wireless Sensor Networks
2. Materials and Coatings: Algae-Based Ingredients, Nanocatalysts, Advance Filtration, Smart Textiles, Compostable Packaging, Superhydrophobic Coatings, Enzyme Technology, Breathable Antibacterial Coatings, and Lightweight Composites
3. Conventional Energy: Enhanced Oil Recovery, Clean Coal and Advanced Hydrocracking
4. Information and Communications Technology: Cloud Computing, Virtualization, Semantic Web, Fabric Computing and Long-Term Evolution
5. Microelectronics: LED Lighting Technologies, 3D Integration, Flexible Technologies, Haptics and Touch Technologies, Emerging Data Storage Technologies, Wireless Power Transmission and Next Generation Displays
6. Clean and Green Technology: Smart Grid, Thin Film Photovoltaic, Renewable Chemicals, Green Buildings, Advanced Energy Storage, Green Vehicles and2nd Generation Bio Fuels
7. Lifesciences and Biotechnology: Genome Sequencing, Biosensing, Adult Stem Cells, Nanofluids and BioNEMS and 3D Cell Culture System
8. Medical Devices and Imaging Technology: Digital Pathology, Smart Pills, Hybrid Imaging Technologies, Medical Robotics, Combination Devices and Optical Imaging Technologies
9. Advanced Manufacturing: Micro and Nano Manufacturing, Intelligent Robots, Digital Manufacturing and Advanced Lasers for Manufacturing
According to Anand S, Research Director, Technical Insights, Frost & Sullivan, "While each Technology Cluster is an independent domain demonstrating excellence in Global R&D and innovation, all clusters are virtually interlocked. The vast arrays of current and future applications of these dynamic technologies are interdependent and overlapping. These emerging technologies are rapidly evolving and form a vortex of innovation driving new concepts, products, and services."
GIL 2012: Middle East also saw some interesting presentations on Best Practices in Steering towards Visionary Innovation and Best Practices in Leveraging an Organization's Growth Potential. The former was presented by Achuthan Nair, Vice President and Business Head, Professional Services Business (PSD), Wipro InfoTech and the latter by Mahindra Satyam.
For GIL 2012: Middle East, Wipro Limited was the Regional Strategic Partner; Mahindra Satyam was the Industry Partner for Information and Communication Technologies, Defense Services Marketing Council for Aerospace and Defense and The Supply Chain and Logistics Group for Supply Chain and Logistics Track. Khaleej Times was the National Newspaper Partner, Gulf Business - Official Business Magazine and Zawya.com - Official Online Business Intelligence Network. Other Media Partners included- Megawhat, Middle East Hospital, Security Middle East, Telecom Review, The Arab Hospital, The Energy Industry Times and The Link.
If you are interested to know more about the insights shared at GIL 2012: Middle East or Frost & Sullivan's Global Mega Trends and Techvisison 2020, then send an e-mail to Tanu Chopra / Deepshri Iyer, Corporate Communications, at tanu.chopra@frost.com / deepshrii@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website and country
About Frost & Sullivan:
Frost & Sullivan enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. We leverage 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from over 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com
CONTACT DETAILS
Tanu Chopra,Corporate Communications - Middle East and North Africa, Frost & Sullivan, +91 98204 80089/, tanu.chopra@frost.com
Deepshri Iyer,Corporate Communications - Middle East and North Africa, Frost & Sullivan, +91 (22) 6607 2038/99873 39129, deepshrii@frost.com
Nimisha Iyer,Corporate Communications -Middle East, North Africa and South Asia, Frost & Sullivan, +91 98200 50519, niyer@frost.com
KEYWORDS
CONSUMER, ENVIRONMENT, PEOPLE, CONSULTANCY SERVICES, BUSINESS SERVICES, CHEMICALS, IT, TECHNOLOGY, HEALTHCARE
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