Group photo

With the upcoming opening of the China International Import Expo, there are new opportunities and new inspirations for numerous institutes and enterprises as to how to attract foreign enterprises to come to Shanghai and take root in Shanghai, as well as how to enhance infrastructure platform and establish a service backyard garden for foreign enterprise. Currently, there are already upgrade waves arising from “effective connection” between industry upstream and downstream. This allows new technologies of big data, Internet of Things and artificial intelligence to re-shape enterprise lifeline, and this has already become concerned issues among numerous domestic and foreign individuals in management level.

On October 19th, a summit forum titled “Opportunities and Challenges for Enterprises Facing Transformation in Digital Era” became talk of town in Shanghai. This summit was hosted by Shanghai Yangliu Economic Development Center and executed by Entrepreneur Elite (International) Club, with Shanghai city Jiading District Economic Committee, Shanghai Jiading Science Technology Committee and People’s Government of Jiangqiao Town, Shanghai as the guiding institutes. It attracted more than 250 domestic and offshore entrepreneurs to attend this event. Domestic and offshore heavy weight experts from the fields of smart manufacturing, artificial intelligence, new energy, Internet of Things, medical technology and smart city illustrated re-shaping impact from digitalization wave, especially emerging technologies of artificial intelligence and Internet of Things, on traditional industries from the perspectives of their respective industries. They also presented numerous valuable viewpoints and recommendations to enterprises facing transformation in digital era. This event was hosted by Miss Gu, Xin-Rong, founder of the Ronyang Media. 

Being the initiator of this forum, Shanghai Jiading District enjoyed comprehensive progress in Jiading’s economy and society for the past year from its continuous enhancement and optimization of business environment. Specifically, economy has maintained the development trends of relatively faster pace, better structure and higher efficiency on the basis of high cardinal numbers. Shanghai Jiading’s advanced manufacturing industries, which are represented by the automobile industry, and high tech industries, which are composed mainly of strategic emerging industries, also enjoy prosperous development in recent years. Jiading District has always insisted on independent innovative industrialization. Four major emerging industries of integrated circuit and Internet of Things, new energy car and smart car, high performance medical equipment and precision medical treatment as well as smart manufacturing and robot have become bright business cards for industries in Jiading District.

Mr. Wei, Xiao-Dong, Major of People’s Government of Shanghai Jiangqiao Town, indicated in his speech that he was very pleased to see everyone gather in the event to jointly witness the grand opening of such an industry festival – the “2018 Opportunities and Challenges for Enterprises Facing Transformation in Digital Era.” He would like to represent Jiangqiao Town party committee and government to express their warm welcome to distinguished guests’ attending in this event. Being the critical platform district for productive service industry, high quality life service industry and headquarters economy in Shanghai City, Jiangqiao Town has successfully launched “four major brands” and promoted high quality development in Shanghai City. Under the strategic deployment of “Five Jiading” promoted by the Jiading District, it has established itself in north Hongqiao business demonstration district and the positioning of “beachhead” in south Jiading. With insistences on upgrade transformation, progress from stability and full-scale optimized business environment, it continuously marches towards the grand goal of building up a “powerful Jiangqiao, quality Jiangqiao, safety Jiangqiao, harmony Jiangqiao and culture Jiangqiao.”

Mr. Wei, Xiao-Dong

Mr. Richard Feng, General Manager GCR Enterprise Service, Microsoft (China) Co., Ltd., considered that the whole earth is a giant computer in the time of today’s quantum calculation. Digital transformation has been affected by changing factors of economy, environment, population and technologies. This is especially true in technology trend. Advancement of technology today has far exceeded any one of our traditional industries. How to become an enterprise of digital transformation? Mr. Richard Feng indicated that we could think about this from four perspectives: 1. Will efforts in digital transformation allow even closer communication relationship between you and your customer? 2. Can it empower our employees? 3. Can we ensure optimization of business operation? 4. It’s actually very interesting. When the time of digitalization comes, we are capable of transforming our products using digitalized measures.

Mr. Richard Feng

Mr. Jonah Huang, Board Chairman Legal Representative of TE connectivity, brought his speech titled “Smart Manufacturing Creates Ever-Changing TE.” He focused on smart manufacturing and illustrated TE’s concept and implementation which included five measures surrounding smart manufacturing: 1. Integration of smart manufacturing, digitalization and product innovation. i.e., Combination between human and innovation; 2. Integration with renovation and modification of manufacturing equipment. i.e., Combination between human and machine; 3. Integration of management and efficiency. i.e., Combination of human and corporate culture; 4. Integration of national regulations and laws. i.e., Combination of human and laws; 5. Integration of short-term and long-term development strategic goals. i.e., Combination of human and sustainable development. This is the way to establish efforts and continuous fighting which are appropriate to our TE’s sustainable development and advantages while ensuring close integration of digital utilization. Among these five combinations, combination of human and laws and combination of human and corporate culture are the foundations of smart manufacturing. Combination of human and innovation, combination of human and machine and combination of sustainable development are the necessary means and powerful measures for smart manufacturing. These five perspectives form the organic body of smart manufacturing.

Mr. Jonah Huang

Dr. Zhai, Yong-Ping, Chief of Energy Group, Asian Development Bank and Member of Global Future Council on Energy, World Economic Forum, brought his perspectives on future energy system. He illustrated trend in energy system through a chart. He indicated that energy issue is no longer the issue for energy itself. Rather, it is a cross-section issue. For instance, air pollution and climate change involves all sections. It will be a cross-section issue if we want to solve the problem of climate change and environment pollution. He also mentioned new trend in energy industry. That is, energy companies have started to become companies offering comprehensive energy services, and they have presented the trend of being delicate and downsized to offer services for targeted customers. Meanwhile, they have also started discussing how to respond to changes in energy system from the perspectives of consumers and financial enterprises.

Dr. Zhai, Yong-Ping

Mr. Gene Wang, General Manager (China) for Bosch Software Innovations and an n expert in Internet of Things, brought his speech titled “Connecting Everything – Coming of the Era for Internet of Things.” He pointed out that, to become the leading supplier for Internet of Things solutions, Bosch has implemented large-scale transformation and numerous changes in addition to R&D on Internet of Things and software. Meanwhile, Bosch’s exploration of Internet of Things focused on numerous fields of smart city, smart traffic and smart agriculture. Bosch also provides lots of explorations and solutions. 

Mr. Gene Wang

Miss Lu, Wei, President of CDP Group and human resource expert, brought her speech titled “Digitalized Transformation – A Change Driving Human Resource Services” and explored digital transformation issues of that industry from the perspective of human resource service industry in which she’s engaged. She considered that technology innovation, business model innovation and capital driving have led to revolution of the era of change. She also urged that a whole new model for human resource management should be generated to ensure a human resource industry which is different from what it was previously. Going forward, enterprises must obtain digital capability and be integrated into high value chain process. This is because how to enhance efficiency through digital transformation is a very critical issue for enterprises. She also mentioned that, during digital transformation process, talents must step across boundaries and there must be competition strategy for talents. In the end, she put her focus on the future and proposed, with respect to human resource management, that digitalization shall be allowed to participate in a corporate’s overall strategy in order to ensure an enterprise to really enhance its Return on Investment (ROI) in a comprehensive way and to develop each employee’s maximum contribution value. This should be the digitalization direction for human resource in the future.

Miss Lu, Wei

Mr. Michael Chen, Managing Director of the Hina Group, gave a speech titled “Global IT High Technology Market and Opportunity.” His concerned issue was the opportunity faced by China semiconductor industry under competitions among the world’s powerful countries. He gave a review of dramatic changes in the international semiconductor market as well as the development trend going forward. One of the important opportunities faced is AI because China has the largest numbers of population and netizen. In the meantime, AI chips will be able to lift up the whole ecosystem if there are AI chips available when working on internet. 

Mr. Michael Chen

Mr. Bruce Lan, EY Partner, Advisory Service, brought his speech of “Smart Automation – Next Wave of Business Transformation.” He suggested that smart automation process should start from Robotic Process Automation (RPA) and he proposed that RPA is a software automation solution for enterprise level. RPA is a technology which re-fulfills robotic automation over previous un-automated process through flexible measures. RPA provides solutions of automatic processing of large amount and complicated statistics for enterprises. PRA brings numerous of benefits (accuracy, consistency, reliability, confidentiality, enhanced productivity, employee retention and so on) under the premise of risk mitigation. Finding the most appropriate scope of application is the core of exploring RPA’s maximum potential. Compared to traditional task duty process measure which relies on human labor, RPA project allows enterprises to utilize “virtual employees” to switch among user interfaces of different systems, and process intensive and repeated task duties in a quality way and efficiently.

Mr. Bruce Lan

Mr. Kevin Zhang, Board Chairman, Osmunda Medical Devices Consulting Co., Ltd., presented his speech of “Challenges and Opportunities to Medical Instrument Industry from MAH System.” There is an issue for medical enterprises. Pre-approval is needed. A product cannot be marketed although it is already completed in production. The whole review process takes 3 to 8 years. This is even longer for medicine. It takes a whole 10 years process to develop a new drug. Medical instrument also faces the same issue. Therefore, previous control process in China was very troublesome. The average successful rate for investments in type II and III medical instruments is about 20%, with industry idle resources higher than RMB50 billion each year. China implemented modification over drug and medical instrument review system last year. There are 5 pilot cites of Shanghai, Guangzhou, Shenzhen, Zhuhai and Tianjin. Implementation across the country may commence in the 1st quarter or the 2nd half of next year. Launching of MAH system changes innovation for production organization measures as well as industry development trend. This also speeds up marketing time for medical instrument products, facilitates technology research transformation for medical instrument, reduces wastes in society resources, enhances capital utilization efficiency, promotes medical instrument industry development and allows ensure further subdivision and efficiency for medical instrument industry chain. Osmunda creates the world’s first CDMO + CRO medical instrument industry platform which offers one-stop services throughout the whole process.

Mr. Kevin Zhang

Mr. Amnon Bouthz, Deputy General Manager, Business Optimization & Innovation for Israel Ramat Municipality, presented his speech of “Big Data as Accelerator.” This is not Mr. Amnon Bouthz’s first time to Shanghai. As a establisher for “city accelerator” and an expert for promoting DDI data-driven innovation method, he argued that, for any city or any city administration, data are of enormous amount and they are extremely important. We need to know how to analyze these data on line and make related decisions which ensures us better guidance for city development. The first you need is to create a decision-making chart which is a tool that benefits BI a lot. You need to study its trend. These data are very important to government or people. We base our intelligence in making decisions. These external data change rapidly and you need to change your management measures. You need to base on your analyzed data in making decision. Furthermore, we need a transparent system for the whole collaboration.

Mr. Amnon Bouthz

Mr. Zhang, Chang-Zheng, CEO of Cloud Helios gave a speech on “Digital Transformation in Enterprise Expense Management.” He used digitalized mobility measures to assist enterprises to report business travel expenses. Operation through IT technology and software allows enterprises to verify if an employee’s dining or accommodation expense exceeds standards and judgement can be made completely on-line. It also ensures verification if budget is exceeded or if invoice is real. For previous financial review through human labor, using Cloud Helios transaction platform allows automation and intelligence. This saves enterprises lots of costs and human labor.

Mr. Zhang, Chang-Zheng

Miss Gu, Xin-Rong, host of the forum, concluded during the end of the forum indicating that digitalization revolution is a double-edged sword just like “an egg broken from outside becomes food but it will become a life if broken from inside.” There are challenges as well as opportunities for enterprises. In a time with speedy changes, you can be a passer-by, a watcher, and of course an innovator. Opportunities come when innovation exist. 

-SPLENDID MOMENTS-

In the future, Entrepreneur Elite (International) Club will also host more heavyweight events, so stay tuned!