Welcome to the latest edition of the GCC BDI newsletter. This issue takes a look at the effects of digital disruption on businesses and the impact of the ‘fourth industrial revolution’.
Business is changing at the fastest pace the world has ever known due to exponential leaps in technology. That’s why this year’s flagship event, the GCC BDI 6th Chairman Summit, addresses the impact of digitalisation head-on with the theme: ‘Digital Disruption and the 4th Industrial Revolution – Are Boards Ready?’
This year’s GCC BDI 6th Chairman Summit 2018 is being held in collaboration with Elm on 26 November at Al Faisaliah Hotel in Riyadh, Saudi Arabia. Our very special guest of honour and speaker on this occasion will be H.E. Eng. Abdullah A. Alswaha, Minister of Communication And Information Technology, Kingdom of Saudi Arabia.
New global research taking the ‘pulse’ of board directors around the world shows that Big Data is high on the global agenda as a top technological disruption to organisations.
Digitisation will mean different things for different companies. There is certainly no ‘cookie-cutter’ model, given the pace of technological development and the myriad of applications available. Digital disruption provides a business the opportunity to review where value is created within the company, and select the technologies and processes that offer the greatest rewards. Digital commerce (ecommerce and omni-channel), AI and Robotics will continue to bring value to businesses as they mature not only in terms of speed, accuracy, cost of development and delivery, but also in terms of application and focus for key value drivers. That said, digitisation covers such a broad range that virtually all the main themes, including; ecommerce, omni-channel, CRM, big data, IoT, AI, robotics, blockchain, 3D printing, autonomous vehicles, cyber security and more can all offer game-changing opportunities if they are harnessed correctly and applied to the key value-drivers of the firm.
The Institute of Finance (IOF) in Saudi Arabia signed a Memorandum of Understanding (MoU) with the UAE-based GCC Board Directors Institute (GCC BDI) to enhance cooperation in training and development.
The Chairman Summit is a platform where we gather influential chairmen, business leaders and actors, and regulators of the GCC to stimulate dialogue on key governance and board issues of today’s economic climate to raise awareness and enhance governance practices in the region.
This is a high profile event which has become a popular exclusive annual event with Chairman and senior board directors