Norwich Economic Breakfast - 09 October 2015

Norwich Economic Breakfast

Sponsored by:

Tweet us at @norfolkchamber #ChamberNetworking

Welcome

Caroline WilliamsChief Executive

Norfolk Chamber of Commerce

Sponsored by:


Complimentary WIFI is available. Username: QHotels, No password required


B2B Exhibition 2015

Thursday 15 OctoberNorwich City Football Club

Great Yarmouth Business Breakfast

Thursday 12 NovemberGreat Yarmouth Town Hall

An Audience with Norfolk Schools

Friday 20 NovemberHoliday Inn North, Norwich

Sponsor Welcome

Stephen DrakeManaging Director, Steeles Law

Sponsored by:


Networking Ice Breaker

What’s in your wallet?

Sponsored by:


B2B Exhibition 2015


Safari Networking

Sponsored by:


Dr. Antony Jackson, CFASchool of Economics

University of East Anglia

Risk Parity: The New Financial Crisis?

Impacts of Digital Revolution on the Economy

Lindsey RixChief Operating Officer at Aviva

Intro• The World is

Changing• Economic

Considerations• How fast will it

change?

We are here

201896% of companies will be

using Internet of Things in some way

202050 Billionconnected devices

The digital revolution has been the graveyard of many brands that ignored impending disruption & invested in the status quo

The world’s largest taxi company

owns no VEHICLES

The world’s largest accommodation provider

owns no PROPERTIES

The world’s most popular media owner

produces no CONTENT

The interface is where the profit is

The world is changing FAS

TNew agile competitors are responding faster

to customers’ new needs, disrupting our

core business.

New patterns for innovation emerging, new entrants see opportunities to disrupt across industries.

“Freemium” challenges businesses to define a sustainable position in the value chain.

Customer needs change as core demographics shift (ageing population, wealth accumulation etc.).

Interpreting data quickly and intuitively

to inform the development of

products and services is a key competitive

advantage. Smart devices link to

sensors everywhere (people, places and things).

Systems can understand context, predict change and optimise for future events.

Data consolidators willwield increasing power.

People will be protective of their data, but prepared to share it in return for value.

Customers are more in control,

expecting to self-serve & self- solve. They want access to data & to use it to guide their own

decisions. Increasing expectation for

bespoke products and services delivered wherever and whenever the customer chooses.

Customers expect businesses to know them, to communicate seamlessly across channels and to predict their specific, changing needs.

The economic power of governments will decline further & the

power of virtual & local 'communities‘

will grow.

Virtual & real world boundaries blur as we spend more time and do more online.

Social networking is ubiquitous & creates new forms of community.

Peer review & user generated web transforms online content.

Real-time user experience is accessible & potentially viral, holding organisations accountable.

THE AGE OF DISRUPTION

WINNING THROUGH DATA

MY LIFE, MY WAY

POWER OF COMMUNITIES

Opportunities Threats

Economic impacts for Norwich?

• Capitalise on the pace of change & welcome the digital revolution

• Being an incumbent no longer ensures you win

• Big business vs small business- piranhas!

• Harness the regions’ strengths, ideas and creativity

• Power of partnerships

• Location no longer has the challenges it used to

• First mover advantage

• Profile and brand elevation

• Not being bold enough

• Retention and Growth

• Skills

• Infrastructure

https://www.youtube.com/watch?feature=player_detailpage&v=5Jxo7AGZmMw

https://www.youtube.com/watch?feature=player_detailpage&v=5Jxo7AGZmMw

Q&A

Sponsored by:


B2B Exhibition 2015
