On September 27, 2023, the second New Investment Expo of 2023 and the 17th Frost & Sullivan Global Growth, Innovation and Leadership Summit (referred to as the "Frost & Sullivan New Investment Conference" or "Conference") grandly opened at the Shangri-La Shanghai Pudong Hotel. Mr. David Frigstad, Chairman of the Global Board of Directors of Frost & Sullivan, delivered a speech via video to the conference.
Here is the full text of Mr. David Frigstad's speech:
In this special 25th anniversary of Frost & Sullivan China, I would like to cover three quick things that I think are very important.
On the occasion of the 25th anniversary of the establishment of Frost & Sullivan China, I would like to briefly introduce three things that I think are very important.
Firstly, gratitude for the clients, partners and team at Frost & Sullivan.
Firstly, thank you to our clients, partners and team at Frost & Sullivan.
Secondly, a reflection on the history of what it took to get us where we are today.
Secondly, looking back at history, what has allowed us to reach where we are today.
Thirdly, looking ahead into the future, what it will take to become those companies and leaders that truly transform the global economy, making the world a better place.
Thirdly, looking ahead into the future, working together with those companies and leaders that truly change the global economy, making the world a better place.
One of our key goals in this journey has been to tell the stories of our clients, to the investment community, to both investors, customers and employees.
During this journey, one of our main goals has been to tell the stories of our clients to the investment community, to investors, customers and employees.
The goal of doing this is to bring more investment capital, more interest and attention to those companies that are truly bringing great things to our planet.
The purpose of this is to bring more investment, more interest and attention to those companies that are truly making great things to our planet.
These are the companies that are shaping the global economy; they are integrating technologies, competitive strategies, and customer perspectives in such a way that is bringing great things to the economy.
These companies are shaping the global economy. They have made great achievements in integrating technologies, competitive strategies, and considering customer perspectives.
So our goal is to smooth the investment flow and make it faster, more efficient, and bring the right level of investment to the right opportunities at the right time.
Therefore, we are committed to smoothing the investment flow, making it faster and more efficient, and accurately grasping the investment level required at the right time.
Our goal is to make this a much simpler and fluid process to bring the investment capital of those companies that deserve it most, which we believe will shape the future economy.
Our goal is to help the most valuable companies that will shape the future economy by simplifying the process.
One of the driving value propositions of our 25-year journey in China has been telling the stories of those companies that are shaping the global economy.
During our 25-year journey in China, an important value proposition is to tell the stories of those companies that are shaping the global economy.
These are the companies that are integrating disruptive technologies. They are compressing the customer value chain, understanding and leveraging megatrends, and bringing new business models to the economy.
These companies are continuously advancing disruptive technology applications, compressing customer value chains, deeply understanding and applying megatrends, and exploring new business models to drive economic development.
These are the companies that we want to work with investors, customers, and employees around the world to focus their time and attention.
These companies are the ones we want to work with investors, customers, and employees around the world to focus their time and attention.
These are the companies that deserve investment because they are bringing the greatest value to the global economy.
These companies deserve investment because they are creating great value for the global economy.
Now let me take a moment to talk about the future road ahead. There are three things that I would like us all to discuss this week.
Now, please allow me to spend some time talking about three aspects that we need to pay attention to on the future path.
The first is that the global economy is going into a massive transformation similar in magnitude to the industrial transformation.
Firstly, the global economy is about to enter a transformation phase as massive and profound as industrial transformation.
But instead of taking 100 and 50 years that industrial transformation took, we are looking at probably ten to 15 years.
Unlike the time it took to complete industrial transformation in the past 100 to 50 years, it only takes 10 to 15 years to achieve this transformation now.
The speed of this transformation will be greatly accelerated.
The speed will be significantly accelerated.
We must develop a keen understanding of what makes up the transformation, looking at all the strategic comparisons that are driving that transformation, whether it's geopolitical issues, disruptive technologies like AI and big data, or even customer issues and megatrends.
Therefore, we must be keenly aware of the components of the transformation and pay attention to all relevant strategic comparisons—whether they involve geopolitical issues, disruptive technologies such as AI and big data, or even consumer demands and macro trends.
All of these need to be integrated into the growth pipeline system that we manage in the future to ensure that our companies are shaping the global economy rather than being victims of this transformation.
All these need to be integrated into the growth pipeline system that we manage in the future to ensure that our companies can shape the global economy rather than becoming victims of this transformation.
The second element I would like to talk about is AI.
The second element I want to discuss is artificial intelligence.
AI is on everyone's mind today, and from our perspective, AI is an integral part of every single growth opportunity we look at.
Artificial intelligence has become one of the most important topics in everyone's mind, and from our perspective, it has penetrated into every growth opportunity we observe.
The best way to stay ahead of AI is to realize that it is ubiquitous and involved in everything going forward.
The best way to outrun artificial intelligence is to realize that it is everywhere and is closely related to everything that comes next.
So every growth opportunity in your growth pipeline needs to have an AI component.
So every growth opportunity in your growth pipeline needs to include an AI component.
And that AI component can be a digital platform. It can be the customer experience, it can be an analytical approach. But at some level, AI will be integrated into that growth opportunity.
This artificial intelligence component can be a digital platform, customer experience, or an analytical approach. In short, to some extent, AI will be integrated into this growth opportunity.
This means that we need to develop a whole new set of skills because AI is brand new to many of us.
This means that we need to develop a whole new set of skills because artificial intelligence is completely new to many of us.
But the faster we get on top of this, the faster we see how it is integrated into every growth opportunity and we develop the teamwork needed to make both the technology strategy around AI and the business strategy of every growth opportunity.
But the faster we master this, the faster we will see how it is integrated into each growth opportunity, and we will be able to train teams on demand, develop technology strategies around AI, and business strategies for each growth opportunity.
Well-integrated will be a key driver of success in the future.
Good integration will be a key driver of success in the future.
The third element of our future is all about speed and velocity.
The third element of our future is speed.
What I mean by this is that in any given market, there are more than a hundred companies competing for the same market size.
My point is that in any particular market, there are more than a hundred companies competing for the same market size.
This means that there will be a huge gap in revenue expectations and actual revenue realization.
This means that there is a huge gap between expected revenue and actual revenue.
That's why we see in so many markets of the 300 competitors that only one or two are actually making money in that market over the long term.
This is why we see that in a market with 300 competitors, only one or two can make money in the long term.
So one of the key driving points for the future, together with Frost & Sullivan, is our focus on velocity.
Therefore, a key driving force for the future, together with Frost & Sullivan, is our research on velocity.
So it's no longer enough to say that we are aware of the opportunity and we are working on it.
Although we are aware of this opportunity and we are working hard, this is not enough.
Now, we have to say that we are aware of the market and we are working faster than our toughest competitors to be first in the market.
Now, we must say that we are not only aware of the market but also that we are working faster than our strongest competitors to be first in the market.
We must have this mindset.
We must have this mindset.
To be first in the market means that we must integrate the strategic component with the technology component from day one.
To be in a leading position in the market means that we must start integrating the strategic and technological aspects from the very beginning.
Traditionally, companies start with strategy, analytics, program approval, and then they start developing the technology platform.
Traditionally, companies first develop their strategy, analyze the market, and approve their program before launching their technology platform.
Going forward, these two elements need to start simultaneously leveraging best practices because the entire gold medal is only awarded to the winner, and I'm not sure there are any more bronze or silver medals.
Looking ahead, strategic and technological elements need to leverage best practices at the same time because the entire gold medal is awarded to the winner, and I'm not sure there are any more bronze or silver medals.
So one of the key things we need to work on together is identifying growth opportunities and being aware of them
Therefore, one of the key areas we need to focus on together is identifying growth opportunities
And most importantly, it is the speed of implementation, developing strategy and technology simultaneously so that we can be first to market or faster and better than our toughest competitors.
The most important thing is the speed of implementation, developing strategy and technology simultaneously so that we can be first to market or faster and better than our toughest competitors.
So the future looks very exciting. It's very inspiring. There are many risks.
The future is inspiring and motivating, but it also comes with many risks.
We look forward to working with you all on these issues. Thank you very much. Thank you for joining us. I am grateful to everyone and look forward to seeing you in the future. Goodbye.
We look forward to working with all of you on these issues. Thank you very much. Thank you for choosing to work with Frost & Sullivan. I am grateful to everyone and look forward to seeing you in the future. Goodbye.
