{"id":19711,"date":"2017-06-01T17:32:05","date_gmt":"2017-06-01T16:32:05","guid":{"rendered":"http:\/\/digileaders.com\/?p=19711"},"modified":"2019-01-17T09:46:54","modified_gmt":"2019-01-17T09:46:54","slug":"digital-leaders-china-salon-event-hangzhou-zhejiang-province","status":"publish","type":"post","link":"https:\/\/digileaders.com\/digital-leaders-china-salon-event-hangzhou-zhejiang-province\/","title":{"rendered":"Digital Leaders China Salon Event: Hangzhou, Zhejiang Province"},"content":{"rendered":"

The event took place on the wonderful West Lake setting in Hangzhou, which is known as the most beautiful lake in China. The Digital Leaders China event was held at the same time as world leaders gathered from around the world to listen to China\u2019s multi-trillion dollars global Belt and Road initiative, which also brought an extraordinary excitement to our event.<\/p>\n

I opened the event by reminding the attendees that the primary themes of the Digital Leaders Platform are; Digital Transformation; Leadership in a Digital Age; Leading Change; Leveraging technology for their social and economic benefits. These themes align perfectly with the Belt and Road Initiative.<\/p>\n

China\u2019s Global Initiative – One Belt One Road (B&R Initiative)<\/strong><\/p>\n

The principles of the One Belt One Road Initiative advocates harmonious cooperation, inclusivity, tolerance among civilizations, respects the paths and modes of development chosen each country, and supports dialogues among different civilizations on the principles of seeking common ground while shelving differences and drawing on each other\u2019s strengths, so that all countries can coexist in peace for common prosperity.<\/p>\n

The Belt and Road run through the continents of Asia, Europe and Africa, connecting the vibrant East Asia economic circle at one end and developed European economic circle at the other, and encompassing countries with huge potential for economic development. The Silk Road Economic Belt focuses on bringing together China, Central Asia, Russia and Europe.<\/p>\n

While the One Belt One Road Initiative focuses on the infrastructural aspect of this vision, the Global Digital Leaders Platform can enable the right skills and to ensure that the right technologies enable the delivery of the B&R Initiative. To understand more about the B&R Initiative please click here<\/a>.<\/p>\n

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Everest Research Group: Yugal Joshi, IOT Practice Director: IOT Market & Implementation Challenges<\/strong><\/p>\n

The first discussant lead was Yugal Joshi Everest Research Group, who beamed in from India for our event, who talked about the growth and trends associated with the IOT market and he shared with us that there was a four-fold increase in IOT projects which were now reaching the production stage and that the primary focus of these projects was to improve process optimisation. The total IOT Market is projected to increase by two and half fold over the next three years. The key sectors adopting IOT were manufacturing, energy and utilities.<\/p>\n

Yugal also shared the key purposes for companies implementing IOT is to drive innovation. This approach is being enabled by learning and adopting best in class practices from adjacent industries. Some of the key aspects associated with the growth in IOT were to enhance predictive analysis, reliability, risk management and to implement 4.0 Industry Standards.<\/p>\n

The Everest Research Group suggests that there are four types of IOT adopters; Integrators, Innovators, Engagers and Optimisers with the latter two being the predominate types with the following top 5 sectors leading the IOT charge<\/p>\n