MyFinB CEO was invited by the global employer body, International Organisation of Employers (IOE) to speak in an event organised by United Nations Global Compact to speak on technology inclusivity for SMEs to a global audience.
Some of the key messages he shared were:
Emerging technologies such as Artificial Intelligence (AI), cloud computing, the Internet of Things (IoT) and 5G are changing our economies at warp speed and scale.
SMEs especially the traditional ones, need to embrace such technologies to power up their operations. The digital economy is a driver for innovation and competitiveness.
SMEs need to leverage on AI technology to be agile in the face of disruption and to create new digitally enabled business models in the new normal.
The unprecedented disruption by COVID-19 is accelerating the urgency for agility, adaptability and transformation.
We estimate that 70% of new value created in the economy over the next decade will be based on digitally enabled platform business models.