It Smack: Davos

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Sunday, February 6, 2011

Inside outsourcing: Russian President sends a message to terrorists at the World Economic Forum in Davos

Server temporarily unavailable Russian president sends a message to terrorists at World Economic Forum in Davos - Inside Outsourcing

Inside Outsourcing Russian president sends a message to terrorists at World Economic Forum in Davos By Karl Flinders on January 27, 2011 2: 27 PM | No. Comments | More The World Economic Forum (WEF) blogger, who agreed to give us updates, has sent his second instalment. BG Srinivas, European head at Infosys, kept us up to date with the event last year. We featured his first post from the event this year yesterday.Here is his latest blog post:

By BG Srinivas

"The last 24 hours at the WEF in Davos has presented plenty of opportunities for business leaders to present, discuss and debate the economic hot topics on the agenda."

Despite the tragic airport bombing in Moscow on Monday, Russian Federation President, Dmitry Medvedev, made it to the opening the WEF yesterday. He passionately believed that it was important for him to fly in and use the platform to deliver the message that we should not be daunted by terrorism and it will not be tolerated. He emphasised the need for nations to collaborate to prevent any future attacks.

The rest of his speech focused on the need to modernize the economy in the medium and long term through the increase of trade, innovation and technology. Medvedev, particularly stressed how technology opens up the world to transparent communication and plugs the knowledge gap, so measures should not be taken to prevent or restrict ' the open voice' of the internet. He also talked about growing trade through the ecosystem of Europe and how Russia will be striving to eliminate corruption and develop its socio-economical infrastructure through entrepreneurship.

I also attended workshops on economic sustainability and value chains, discussed at length which consumer preferences, how they want experiences over products, and the requirement to recycle and reuse to sustain the environment. Again, there was an emphasis on how technology will play a role in mobilising society, be it through communication or transportation.
In more informal discussions with CEO's, there was greater optimism over the economy picking up and stabilising compared to last year. "many executives are keen to investigate new models for revenue generation, by investing in a partner ecosystem and by building upon the relationships between the developed and emerging markets, which will ultimately add value to the consumer."

Tags: BG Srinivas, Davos, Infosys, World Economic Forum

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Saturday, February 5, 2011

Inside outsourcing: Infosys feels a sense of urgency for the WEF in Davos

Server temporarily unavailable Infosys feels a sense of urgency at the WEF in Davos - Inside Outsourcing

Inside Outsourcing Infosys feels a sense of urgency at the WEF in Davos By Karl Flinders on January 28, 2011 2: 12 PM | No. Comments | More The World Economic Forum (WEF) blogger, who agreed to give us updates, has sent his third instalment. BG Srinivas, European head at Infosys, kept us up to date with the event last year. On wednesday we featured his first post from the event this year. Yesterday he talked about Russia's president and his defiance against terrorism.Today BG tells us about the urgency for global collaboration. URGENT cooperation NEEDED TO TACKLE GLOBAL PROBLEMS

By BG Srinivas

"Davos has always been a forum where people come together to discuss social, political and economic issues, with the good intent of all attendees, to go away and embrace what was talked about." What's changed this year is the sense of urgency and realization; that it is imperative for governments, businesses and people to collaborate to tackle the problems that society is facing - financial, terrorism, poverty, healthcare, and inclusive growth for example. All attendees have Duino - be it business executives, politicians, economists or people in the social professions — that an insular and siloed approach doesn't work.

Yesterday, President Sarkozy in his speech stated "This is not a crisis in globalisation;" "this is a crisis of globalization." And he went on to say that the only way for Europe and the Euro to survive the debt crisis is to stay united and collaborate with the stronger economic nations, such as Germany and France joining forces and working closely with other European nations.

On Wednesday, President Dmitry Medvedev used the platform at Davos to address the tragedy of the Moscow airport bombing and made a strong stance that terrorism would not be tolerated: "All our efforts to further develop the world economy will be for nothing if we fail to defeat terrorism, extremism and intolerance". Again, he talked about how nations can't work in isolation to combat terrorism, but they must collaborate as the act is a global issue versus a national one.

Both formally and informally, the business community has been discussing how it is vital to create partnerships in the ecosystem to grow, innovate, and find new opportunities; be it with mature gold growth markets. Greater collaboration will enable the emergence of new ideas.

"The discussions at Davos have focused on the complex global world that we live in and governments, businesses and civic society must collaborate now to solve current issues and partner to innovate and build the future."