Good afternoon, everyone. Thank you for having me here.
We have a full room of global leaders from finance, business, academia and public sectors today. I believe one view we share in common is that technology is changing the face of everything, including financial markets.
Just look at this smartphone every one of us can’t seem to let go of –– one of the greatest inventions of the 21st century that we live upon. This small gadget of wonder penetrates almost every facet of our everyday life. It is everything rolled into one –– camera, wallet, music player, video rental store, social media, e-book reader, even a key. We still call this a “phone” after all.
Gone are the days when business executives relied on landline telephones, fax machines, pagers, Personal Digital Assistants (PDAs), analogue mobile phones, and even blackberries. Behind the scenes of the digital revolution, many former household names have quietly faded out of consumers’ minds one after another; others have been going through painstaking transformation.
The lesson is clear: today’s innovators can fast become tomorrow’s laggards. Failure to keep up with the times could cost your business dearly, even for the most prominent industry leaders.
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