(MENAFN- Khaleej Times) A focus on innovation has resulted in the birth of several disruptive technologies that have the power to improve our lives, but the challenge that stands today is to adapt them to scale, experts at the 38th Gitex Technology Week said.
Mike Sutcliff, group CEO of Accenture Digital, noted that there has been plenty of action from the local governments when it comes to pushing for innovation.
"We have witnessed a wide variety of technological trends that are disrupting the business ecosystem today," he said.
"These rapid advancements in technology will improve how people work and live. Chief among them is artificial intelligence, which is already being adopted by many players. We also see virtual reality and augmented reality as emerging technologies that will have a big impact as the technology continues to mature over the next few years."
"There has been a lot of work done when it comes to innovation, but what is important today is to bring it to scale," Sutcliff said. "This is the big challenge that we will have to deal with in the next few years."
Mohammed Al Hashimi, SVP of Innovation and Future Technologies at Expo 2020, said in just over two years, Expo 2020 will open its doors to the world. "Partnerships will play a key role in bringing our vision to life," he said.
"We are in an era of technology where we can look back at all the past Expos and improve upon the experiences being offered. This will ensure that visitors to the event will not be bored even if they are waiting in queues. The technology to do this is ready and available to us today."
"At Expo 2020, we believe that innovation can come from anywhere and this is why we need to widen the field," he added. "None of us know what type of technologies the next 10 years will bring, so we are working hard to ensure that the site of the Expo is future proof, and one which will continue to grow after the event."
A company today cannot be truly innovative unless it is ready to experiment and fail in the process of coming up with the next big idea, said Paul Misener, vice-president for global innovation policy and communications at Amazon.
"To truly innovate, you have to experiment," he said in his keynote address. "If you know how the experiment is going to end, then it is not really an experiment is it? We have to be very willing to fail, especially since it means that it is a part of our commitment to innovation. A major success, we have found, often follows after a long line of failures."
Misener noted that it is very easy for a large organisation, or a small startup, to have an amazing idea that they want to bring out to the public. Sometimes, if consumers really like it, then it turns out to be disruptive. Companies, he revealed, don't choose to be disruptive; they are only disruptive if consumers wholeheartedly embrace the idea that they have put forth.
"Most technologies that are popular today are the result of bad customer experiences," he said. "We are willing to experiment and fail internally, if it means that we don't have to pass on that bad experience to our customers."
Speaking about the technologies of the future and how they will impact our lives, he said: "I think that it is very clear that AI is going to change every aspect of our lives in the coming years."
Asked about the extent to which Amazon scopes out its competition in the market, Misener replied: "We don't pay much attention to our competitors, because the decisions that they are making today might not be applicable for many years in the market. It only serves to distract us from our own ideas and how we can innovate to help our customers better."
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Rohma Sadaqat I am a reporter and sub-editor on the Business desk at Khaleej Times. I mainly cover and write articles on the UAE's retail, hospitality, travel, and tourism sectors.Originally from Lahore, I have been living in the UAE for more than 20 years. I graduated with a BA in Mass Communication, with a concentration in Journalism, and a double minor in History and International Studies from the American University of Sharjah.If you see me out and about on assignment in Dubai, feel free to stop me, say hello, and we can chat about the latest kitten videos on YouTube.
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