“The winners from the last recession were those companies who stepped up their investment in innovation early during the crisis” (McKinsey 2019)
With the FTSE100 trading as low as 70% of its first quarter high, the focus for senior executives is firmly set on navigating the unpredictable path ahead. It is natural at times like this to reduce risk and cut investments in areas such as innovation. However, data from the 2008 financial crash shows that businesses who invest in innovation during uncertainty continue to grow at an average rate of 7%, whereas those that don’t invest suffer revenue losses at more than twice that rate (15%) [McKinsey].
And yet, despite the evidence, most organisations still cut investment. As human beings we are far better at assessing near term risk than long term risk, so we tend to prioritise the short term. This has the effect of storing up a negative long term impact in the form of delayed recovery, proposition ageing and the loss of customers. As a Global Systems Integrator, how can you help your clients break this cycle?
Speaker: Professor Sir David Spiegelhalter
‘Professor Risk’ is a distinguished statistician and a born communicator, as seen in the BBC’s Tails You Win: The Science of Chance. Just as Daniel Kahneman distinguishes between emotional and analytic decision-making, David focuses on the difference between how we think and how we feel about risk. Numbers don’t speak for themselves; we are influenced by how they’re expressed – in relation to anything from healthy eating to climate change. David explains how to weigh up the real risk.
Who Should Attend?
Senior executives within the largest Global Systems Integrators who are directly involved in client problem solving via the creation, sales or delivery of technology solutions.
Attendance is capped to ensure every participant is able to contribute. The meeting is only open to invited participants or those who has been referred by a colleague or our partner, Verizon.
WHO’S OUR CLUB PARTNER?
Verizon is a global leader delivering innovative communications and technology solutions that improve the way enterprise organisations and our partners deliver the promise of the digital world.
What is the experience?
All of our virtual roundtables are focused, collaborative and informative. As a participant you join via video and – thanks to a keynote speaker and moderated discussion – take away actionable ideas to implement within your business and with your clients.
Prior to the virtual meeting taking place, each attendee is interviewed to understand their interests and perspective. Those who register early will also contribute towards the insight report, which will be published prior to the virtual meeting and will be the focus of the discussion.
The Team
James Harris
Founder
Philippa Brown
Club Director
Henry Owen
Research Director
Will Russell
Research Director
Ted Sami
Research Director
Elle Brasier
Operations ManagerIf you have a question about attendance, please contact me:
Philippa Brown
Club Director, Digital Edge Club