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Elite League
of
Innovative
Entrepreneurs
2019
Brad Sugars
A Gem in Business Coaching
JULY 2019
EDITOR’S NOTE
Connecting Entrepreneurs
with Innovation
I
n today's dynamic economy, where change is slow, sudden
or extensive — businesses operate, survive, and progress.
One of the crucial forces of change is the change in
innovation and technology. These changes are often used in
order to enhance entrepreneurial capabilities in achieving the
desired goal. An Entrepreneur works to forecast these future
changes and creates an innovative environment in the
organization.
Cloud Computing- Cloud Computing is very cost-effective and convenient to the company
management, and employees can access data from anywhere by just using a device that has access to
the internet. It helps entrepreneurs to store business information and has been accepted by many in the
world of business.
Cyber-Security- It becomes crucial to protect the online business from cyber-criminals who could steal
data or lead to website downtime. Encryption and decryption protect information from being accessed
by any third party or cyber-criminals.
Automation- CAD/CAM innovative technologies have been applied in many industries, even banking
and financial institutions have embraced automation in financial transactions.
Hence, entrepreneurship and innovation go hand in hand by creating a connection with all the stages of
management that brings the desired output. So, with great enthusiasm, CIO Look has shortlisted, "Elite
League of Innovative Entrepreneurs, 2019" that encourages the entrepreneurs keeping their spirit
alive.
Featuring our Cover Story is Brad Sugars, the Founder and CEO of ActionCOACH®, pioneered the
industry of business coaching through hard work, determination, and a well-organized and systemized
approach that generates profits for the businesses his team works with. Through his book, 'Pulling
Profits Out of a Hat,' he has created a handbook for adding zeroes to anyone's bottom line.
Also while flipping the pages, don't forget to go through the articles and CXOs written by our in-house
editorial team and industry experts respectively.
Sourabh More
COVER STORY
08
BRAD
SUGARS
A Gem in Business Coaching
ARTICLE
ChristopherDeck 18
A Strategic Leader in
Innovative Solutions
Fatima Al Shirawi 26
A Memorandum of an
Emerging Gem
Gary Olson 30
Accentuating Leadership With
Discipline Skill And Knowledge
Jim Finnerty 36
Delivering Marketing
Automation Platforms
Joseph Chan 42
Balancing Effectiveness
and Eficiency
K. Roy
Editor in Chief
CONTENT FOLLOW US ON
Alex Spellman
DESIGN
editor@ciolook.com
July, 2019
Brad Sugars
A Gem in Business Coaching
Brad Sugars
Founder & CEO
ActionCOACH®
I
n this era, where new technologies, business to any business in any industry. Because its approach
trends, and fierce competition are rapidly works with every industry, ActionCOACH® has been
evolving, many business leaders look to reinvent able to expand into more than +60 countries, and they
their businesses in an effort to keep up. New business are proud to say that they have coached more clients,
owners may find it difficult to grow without direction, won more awards, gained more recognition and
and the result can be stagnation. Such business produced more profits than any other coaching
owners and entrepreneurs often require assistance company in the world.
from the experts who are proficient and have
accumulated years of enriching experience. These ActionCOACH® has a lot of offerings designed to
entrepreneurs need a business coach. appeal to a wide swath of its target audiences,
including executive coaching, group coaching, one-to-
Brad Sugars, the Founder and CEO of one coaching, workshops, webinars, and seminars.
ActionCOACH®, pioneered the industry of business The company also offers its Product Ladder, which
coaching through hard work, determination, and a includes ActionCLUB, Assessments Online,
well-organized and systemized approach that SeminarCLUB, Business Valuation, BusinessRICH,
generates profits for the businesses his team works GrowthCLUB, BookCLUB, and ProfitCLUB. Each of
with. Through his book, ‘Pulling Profits Out of a Hat,’ these offerings provides levels of investment
he has created a handbook for adding zeroes to designed to meet any organization at its current
anyone’s bottom line. financial needs.
CIO LOOK appreciates such leaders and their What’s ‘Pulling Profits Out of a Hat’ about?
contributions. We are proud to feature Brad Sugars in
this edition. “Pulling Profits Out of a Hat” is a quintessential
modern business handbook that breaks down the
Leading the Way-The Story Behind ActionCOACH® strategies and disciplines that will help people grow
any business exponentially. It’s a book that truly
From a very early age, Sugars had an entrepreneurial works if one follows the principles outlined in it. In
spirit. He was inclined to work smarter, not harder more than 370-pages, the book outlines five
and determined to get measurable results. In college, disciplines designed to help CEO’s and business
he managed a number of small businesses. But with leaders expand the business exponentially year after
incredible success at such a young age, a talent for year. The first is Strategy, which is defined by a
making companies in a variety of industries flourish, business model that sets the business up for massive
people in the business community began referring to growth. The second is Business Development. Too
him as “The Turnaround Kid.” Business owners began many people believe that this means just marketing
to approach Sugars to work as a consultant but he and sales. That’s false. Business development is about
soon realized such work was not his calling. He getting and KEEPING your customers. Third, it’s the
realized that coaching offered the missing component discipline of People. You have to grow people in your
that made consultant so ineffective, and thus business. If you build the people, they will build the
ActionCOACH® was established. business. Fourth, is Execution. You can have the best
of everything but in this day and age proper execution
ActionCOACH® has served thousands of businesses sets you up for success. The final discipline is Mission,
and their owners around the world and in every which means connectivity between people and the
industry imaginable since 1993, and specializes in company. You have to build an emotional connection.
showing business owners how to find more time,
create better teams within their companies and more “Leadership is key, and that’s really about two things:
money on their bottom-line. Its approach utilizes passion and focus. We believe in staying grounded and
fundamental business principles that can be applied focused, and allowing your passion for the work becomes
The biggest risk
you can take is to
do nothing.
contagious. These are philosophies that have shaped
our organization,” Sugars said.
It’s these types of sentiments which makes Sugars World Abundance Through
an exemplary CEO. Business Re-Education.
Technology Integration
16
| July 2019 |
The Art of Leading
17
| July 2019 |
Christopher Deck
CEO
Deck Commerce
18
| July 2019 |
Deck Commerce
Christopher
Deck
A Strategic Leader in Innovative Solutions
T
echnology helps us to explore the universe, develop solutions to complicated
problems, and to change the world for the better good. Nowadays leaders have a
world of opportunities to evolve in the sphere of eCommerce with these innovative
technological solutions. One such impeccable leader is Christopher Deck, CEO of Deck
Commerce.
In an interview with CIO LOOK, Christopher emphasizes on his 15 plus years of experience
in helping companies maximize their eCommerce potential.
Below are the highlights of the interview between Christopher Deck and CIO LOOK:
For me, developing as a leader is a process. As you grow from an individual innovator to a
leader, it's critical to understand your core values and live them daily. For me, my core values
are rooted in integrity, respect, teamwork, and attitude. Layered on top of core values is the
need to build a team that is focused on innovation that provides meaningful value to
customers. This can be best achieved by allowing the team the opportunity to grow and
develop into the best versions of themselves.
How do you diversify your organization's offerings to appeal to the target audience?
Three components drive our roadmap of offerings: focus, understanding, and vision. By
taking the time to truly understand the problems and needs of our customers and overlaying
that against our unique perspective of changing trends in the industry, we can continue to
innovate and provide meaningful value, which is the key to appealing to any target audience.
19
| July 2019 |
What are the basic but crucial traits that every
innovative entrepreneur must possess?
20
| July 2019 |
Deck Commerce
growth is like oxygen, but even too much oxygen can be feel like swimming against the current, but that's the
dangerous. My advice to dealing with this challenge is sign that validates you're onto something innovative.
to find good partners that are invested in your success
and bring experience from helping other entrepreneurs Provide a one-line quote that best describes your
going through the same process. approach to business and your vision?
How do you cope up with volatile technological trends Focus on building a great team and providing
to boost your personal growth? meaningful value.
Read, read, and network. We're living within the digital A Brief on Chris
age, which means information is omnipresent. The
ability to gain insights and develop relationships with Our story began in 1998 when founder, Chris Deck,
thought leaders is critical to grow and develop as an started the eCommerce consulting company Deck
entrepreneur, which includes managing changes within Internet Solutions. Chris had one goal in mind: to help
the industry. businesses become eCommerce leaders within their
industries.
What are your future endeavors/objectives and where
do you see yourself in the near future? This focus put Deck Commerce in the unique position
of seeing challenges with direct-to-consumer selling
Our vision is to help modernize retail by changing how strategies, and one of the biggest challenges related to
orders are processed for consumers across channels. the growing complexities of fulfilling orders. Chris knew
With that in mind, we will focus our efforts on our that a cloud-based approach to order management
mission of developing and supporting the best direct- could help transform retail, which was the founding
to-consumer order management system on the market. vision of Deck Commerce.
As a leading technology architect in eCommerce and Chris and his engineering team conceived a multi-
retail sectors, what is your contribution to its tenant platform that would serve as the hub for
evolution? managing orders across shopping channels and
distribution networks. It would feature an integration
Our contribution is based on our passion for leveraging framework and configuration controls, which would
technology to solve essential problems in retail. We enable customers to quickly connect systems and
come to work every day, thinking about the most support unique shopping experiences.
effective ways to help our customers deliver better
results and experiences for their consumers, and by Today that vision is a reality. Deck Commerce is the
doing so, we help the overall industry adapt and grow. leading Order Management System (OMS) for
omni-channel commerce. We help brands get to market
What would you like to advise to the budding quickly, provide better service to their customers, and
entrepreneurs in various organizations? operate more efficiently. We are leaders in retail
transformation and power many of the most innovative
When you see opportunities to provide meaningful brands, such as New Balance, Build-A-Bear, Rawlings &
value through innovation, pursue that vision with more.
conviction and an unwavering sense of purpose. It will
21
| July 2019 |
Rethinking
the Products of Today
for a Better Tomorrow
Celia Pool
Co-founder
DAME
22
| July 2019 |
Incentives Solutions
T
he world is finally waking up to abhor change. We are creatures drawn already highlighting the need to
the single-use plastic crisis. towards the comfort of the known. By diverse away from male, white,
Over the last 10 years we have keeping habit change to a minimum, Western coders if we are to avoid
created more plastic than the whole of consumers are much more likely to unconscious bias in the robots of
the last century combined. Half of the adopt a new idea. tomorrow. Amazon had to abandon an
plastic we create is used just once, and AI recruitment tool that was
then thrown away, taking 500 years to This was our philosophy at DAME discriminating against women, instead
decompose. By 2050, the oceans are when we created the world’s first favoring prospects who mirrored
predicted to contain more plastic than reusable tampon applicator. We Amazon’s existing male engineer
fish. The plastic crisis is now too big for ensured the design was familiar and workforce. At DAME women have
recycling alone to fix. intuitive, so women did not have to been involved in every stage of the
compromise on their convenient, journey, not as a token gesture but as
Global governments, businesses and established rituals. We knew that an absolute necessity.
consumers need to collaborate quickly hygiene could be a significant barrier
to make impactful change before it’s to entry, so we worked with leading However, our overarching business
too late. However, change is difficult micro-biologists and medical strategy goes beyond issues of
when environmentally damaging engineers and used the best medical inclusivity to incorporate a wider
habits have become so entrenched and grade, anti-microbial materials on the mission. DAME was founded on the
often appear more financially market. As a result, the consumer only belief that business can be used as a
appealing. must rinse the applicator in cold water force for good. We use this core value
after use to keep it clean. Simple steps, to guide every decision we make in the
Technology is helping in this fight. minimal habit change. business, bringing great clarity to our
Reusable water bottles are now route forward. By communicating our
widespread, and apps that help you However, it is challenging to tackle an genuine and authentic commitment to
locate drinking water refill stations are issue that has such little awareness. this mission, we hope that our
now emerging. At the same time, Menstruation has historically been message will quickly be picked up by
reusable coffee cup technology is shrouded in shame, fear and those eager to join a movement for
addressing the half a trillion discretion. It is not a topic openly change. To date, we have seen this
disposable coffee cups discarded talked about. This is a problem with happen not only with our consumers
every year. Such items are gaining feminine care as a whole: it is and the press, but with employees.
increasing social currency with frequently dismissed and the women People are increasingly drawn to
consumers, who are keen to display trying to address it are critically companies doing good. 75% of
them as markers of their underfunded. In 2017 female founders millennials would take a pay cut to
environmental conscience. This got 2% of the $85 billion VC work at a socially responsible
revolution is encouraging, but what investment pot. About 8% of partners company.
about the products that people aren’t at the top British VC firms are women.
so willing to talk about? According to Harvard Business All this strengthens our resolve at
Review, stereotypes about female DAME to continue to tackle critical
100 billion menstrual products are entrepreneurs persist: women are problems that are not openly
thrown away globally every year. overly cautious, shy away from acknowledged, that are significantly
These are single-use, mostly made of growth, have insufficient resources underfunded, and that have
plastic and cannot be recycled. You can and consequently their ventures historically been controlled by giant
choose not to have a coffee, you underperform. Yet there is no monopolies. Today we are focusing on
cannot choose not to have a period. performance data to support these menstrual products, but our vision is
Reusable options (e.g. menstrual cups, stereotypes. to revolutionize the entire bathroom.
cloth pads) have been on the market These are big mountains, but having
for decades, yet the adoption rate has How are products used by women strong guiding principles makes the
been slow. The primary barrier to supposed to change in line with human navigation much easier.”
entry is the fear of habit change. and environmental needs, when they
aren’t given appropriate recognition or -Words by Celia Pool
So how do we bring about a have women involved in all stages of Co-founder of DAME
revolution? The answer is keep it the process? Women need to be given
simple. And take time to consider more of a voice if we are to create For more information visit
consumer psychology. As humans, we meaningful change. The world of AI is wearedame.co
23
| July 2019 |
Fatima Al Shirawi
Founder
The Gracious F
26
| July 2019 |
The Gracious F
Fatima Al Shirawi
A Memorandum of an Emerging Gem
28
| July 2019 |
Gary Olson
ACCENTUATING
LEADERSHIP WITH
DISCIPLINE SKILL
AND KNOWLEDGE
A
n entrepreneur means having a vision,
the inspiration to start a new business
and the willingness to take that risk.
Many entrepreneurs believe that having the
skills to convert an idea into disruptive
innovation is a must to turn a startup into a
successful business, well it's not. It requires
effective communication skills, the capability
to manage multiple responsibilities, and high
level of competencies so that whichever role
the entrepreneur has to play, incompetency
does not emerges as an issue.
— Gary Olson
CEO, GHO Group LLC
30
| July 2019 |
GHO Group LLC
Gary's journey started with his father, who owned a small operations, technical and marketing. The entrepreneur
business. As the business grew, he learned how to delegate needs to be the champion and cheerleader at all times and
authority and responsibility to others. His father led his stay fully engaged showing participation.
teams in positive and supportive way where "If you
succeeded, you were given more, if you struggled, first he helped, Looking towards the future, Gary and GHO is going
if it was not in your skill set, you were not forced or put in through a changing phase now, moving into artificial
uncomfortable situations." That's leadership. intelligence and a new industry sector of Public Safety and
National Security. It is applying it's extensive media
A strong leader builds a strong team and always keeps the knowledge to an industry overwhelmed by video and
goal in mind. As a leader, Gary recognizes the strengths in struggling to analyze it for useable information in the
people; and encourages and empowers their development, prevention of incidents and attacks. The company is
creating a strong team to solve problems. He says, "One of looking forward at the role artificial intelligence will play in
my responsibilities on many of my projects is to help the new the industry, and how other industry sectors are using
senior management with change. I explain that a large media, that requires broadcast knowledge and expertise to
organization is like a pyramid, if you are at the top you can see assist them as they produce more and more media.
what's happening across the organizations and manage." He
continues, "If the pyramid is upside down because the manager
is also doing everything they are crushed by the weight of the
organization. This visual concept was easily understood and
embraced and they became successful change managers." “ALWAYS SAY YES,
When it comes to managing a business, change is the only
constant, considering this fact, Gary is consistently re-
FIGURE IT OUT AND GET
inventing himself and his organization. Exploring new
technologies, management styles and workflows for his IT DONE.”
organization, to meet the needs of his clientele. As new
technologies are introduced that require new workflows, Gary advices "As a budding entrepreneur, it's important to
different skills and knowledge, it's often hard to keep up realize that not all entrepreneurs make good CEO's. It's more
with. The challenge is staying abreast of the trends and important to understand your own strengths and that the right
changes across many domains. However, coping with thing to succeed may be to hire someone who is a better CEO
advanced technology, and staying current with volatile than you are to help lead the new enterprise.”
trends is a never ending exercise of research with podcasts,
webinars, trade shows and professional development About the leader
across numerous domains and industries. Gary has always been interested in new technologies with
an innate curiosity on understanding how things work. He
According to Gary, being an innovative entrepreneur does never thought his engineering degree in computer design
not make you a good leader, it means you are an innovative would lead to his career in the media industry and become
thinker. Entrepreneurship and starting a business means the basis for his interest in bridging the gap between
doing everything that needs to be done to be successful. broadcast and computer technologies. He is considered as
The CEO leads by example, putting in the time and work one of the Thought Leaders in the media technology
effort to build the business. Further he states, the industry, and provides consulting services as an IP
entrepreneur is the visionary; this could be the business Broadcast & Media Technology Designer.
visionary or the product visionary. Product innovation
means guiding the features and functionality design Gary is one of the few people who never worked for anyone
development in a practical way that meets the market or else in his professional career. Currently, he is the Principal
client needs. If the market doesn't exist that's one issue, the of GHO Group and leading the company as strategist,
question is should it? If the market is super saturated, what designer and project manager for a variety of
is the differentiator that justifies the products existence? communication and information technology projects. He is
a successful author with his book 'Planning and Designing
From Gary's perspective for an entrepreneur, the issue of the IP Broadcast Facility - A New Puzzle to Solve' an
roadblocks and challenges is a multi-faceted question. The industry standard. He regularly publishes articles
fi r s t o bv i o u s r o a d b l o c k i s g e t t i n g t h e c o m p a ny providing knowledge and education to the media industry
substantially funded sufficiently enough to sustain the with a considerable following reading his articles on 'The
team during the development and early stages of market Broadcast Bridge' and LinkedIn, including webinars and
penetration. Igniting the business is all about the online courses.
entrepreneur inspiring the entire team, business
31
| July 2019 |
Successful
Personality
Traits to Learn from
Elon Musk
L
egends never need an introduction. They tend to be colleagues to follow and implement. Since the field of work
victorious despite of their uneventful histories. They lies inside his radius of interests, he enjoys it to every
stick to captivating traits such as Discipline, moment and bit when it comes to learning and execution.
determination and self-belief which help them accomplish
wonders in the long run. One such example of an extra- Strong Risk Tolerance
ordinary person is Elon Musk, a South African Business Founding a start-up involves a great deal of uncertainty
Magnate, Investor and an engineer. and risk. A study found that after 10 years of being in
business, 96 percent of the start-ups fail. Going by the
Musk is the founder, CEO, and chief architect of SpaceX; statistics, Musk must have faced the same odds against
co-founder, CEO, and product designer of Tesla Inc.; and him, when he had decided to leave an otherwise
co-founder and CEO of Neuralink. As of February 2018, he comfortable life to start a risky and uncertain business
is the 53rd-richest person in the world and has a net worth venture.
of $20.8 billion, which is far more than the net GDP of
Greece taken into consideration. For instance, Musk left his PhD program at Stanford
University to find a company called Zip2 with his brother
While each entrepreneur possesses a unique set of traits in the year 1995. Later, the company was sold to Compaq
that makes him/her successful, this Tech founder has a few computers, profiting Musk a bit over $20 million.
traits much different from any other ordinary CEO, which Following this, Musk once again took a great risk by
has allowed him to build some of the world’s most investing millions of dollars to found a company called
respected and innovative organizations. Musk once X.com, one of the world’s first online banks.
quoted, “When something is important enough, you do it even
if the odds are not in your favor.” ‘Always Be Learning’ Attitude
An astounding and less-known fact about Elon Musk is
Let’s have a look on these personality attributes and that he is self-taught in programming and in many
characteristics that make him a contender for the most advanced level subjects. He read and understood a variety
innovative intellectual entrepreneur of the century alive. of books, which helped him gain endless and persistent
knowledge and understand diverse concepts.
Hard-work and Characteristic Work Ethics
Elon Musk is a hard-working innovator, working for about The best piece of advice on learning and implementation is
100 hours a week, and has been productive since many to constantly think about how things could be done in a
years. He may even be considered as the hardest working better manner and question self to seek the answers.
employee of the company, setting standards for his
32
| July 2019 |
Imparting Wisdom
Tendency for Vertical Integration Tesla Motors, a far headed firm headed by Elon Musk, is
Vertical integration is a strategy where an organization or anti-ordinary. Its compelling marketplace has become a
a firm acquires business operations within the same one-stop destination for potential buyers where they can
product vertical. Both Tesla and SpaceX embrace this interact about product specifications. They also have video
concept. For example, Tesla not only produces electric testimonials that far outperform in the sales-dominated
cars; they also generate public awareness about their cars industry.
via Tesla showrooms across various countries. And SpaceX
does not only have the primary goal of rocket propulsions; There is no ambiguity that Musk, by far, has been a pillar of
they develop their own rocket architecture as well. inspiration for budding entrepreneurs and investors
because of his prolific and optimistic approach towards life
Faith in Self and the Founding Team
Musk undoubtedly possesses a profound belief in his own All these traits possessed by Musk, in some manner or the
capabilities as well as the potential-seeking factor of its other, coincide with most of your habits. The only thing
founding team. He does not hesitate to gamble on large that stands as a potential barrier between these two is
scale unless he is genuinely aware of the expected end- identifying your strengths and working on them on a
results. continual basis. Go on, apply these traits into your daily
life, and you may become the next big CEO the world is in
need of today!
33
| July 2019 |
Jim Finnerty
Chief Operating Ofcer
36
| July 2019 |
4Cite Marketing
Jim Finnerty
Delivering Marketing Automation Platforms
I
nnovating with an eye on Kindly take us through your Probably more than anything, I’ve
business goals is the mark of a journey on becoming a proficient learned to surround myself with
successful entrepreneur. CIO leader. the best people I can and take the
Look recognizes innovative I’ve loved playing around with new time to communicate with them
entrepreneurs who make an technologies since I was a kid, but regularly to understand their
impact in their field, and Jim to be a proficient leader in the tech strengths, as well as help them see
Finnerty is a pacesetter when it space, I’ve learned that you need how our tech fits into the broader
comes to marketing automation to be able to understand and context of our business goals. This
platforms. He is the Chief digest technology in the broader helps them succeed and maximizes
Operating Officer and a founding context of business goals. I still the contributions they bring to
partner of 4Cite Marketing, which love the technology, but it’s the table.
continually innovates to help important not to let the tech steer
retailers compete with behemoths the business – the business goals How do you diversify your
like Amazon in today's increasingly should do that. organization’s offerings to appeal
data-driven retail landscape. 4Cite to your target audience?
empowers retailers to acquire, At the same time, it’s important to As your target audience evolves,
retain and reactivate customers lead with an appreciation of new you can quickly develop new
through its industry-leading web ideas and develop a culture where products that appeal to them if
visitor identification technology a mistake is not the end of the you clearly understand your core
and delivery of real-time world. You need to give yourself, value proposition. When you
personalized marketing across and the people who work for you, understand the strengths and
multiple channels. the freedom to fail. You can’t weaknesses of your own
innovate if you can’t explore, and technology, know your people’s
Highlights of the interview between you can’t explore if you’re afraid of capabilities, and build a company
Jim Finnerty and CIO Look: the dead-ends – and there will culture that embraces change, you
be many. can be aggressive when new
opportunities arise.
37
| July 2019 |
“
It’s not the strongest that survive,
but the most responsive to change. “
– Charles Darwin
What are the basic but crucial traits that every How do you cope with volatile technological trends
innovative entrepreneur must possess? to boost your personal growth?
Be fearless in trying new things and don’t be afraid Keeping informed of top-level industry trends and
of failure. Know it’s okay to be wrong, and when you patterns is important, but it can be distracting noise
are wrong, acknowledge it and change direction. if you try to keep up with everything. You also need
Think critically about the broader picture of where to stay wary of the latest and greatest. It’s best to
your technology lies and think laterally to see build a team that can help you understand the
connections others might not see that lead to trends and determine what’s truly impactful,
opportunities. Love the technology, but don’t creating an environment that supports everyone’s
let it take over so you’re just doing things for personal growth.
technology’s sake.
What are your future endeavors/objectives and
What is your take on roles of the entrepreneur on where do you see yourself in the near future?
product innovation performance? As a technology-focused business navigating volatile
In most cases to truly innovate, you must think technological trends, it’s increasingly critical that
outside the box, take risks and move quickly. You company leadership make nimble decisions with a
also need to understand the inner workings of your full understanding of the technology components
own technology well enough so that when others see involved. As such, I see myself expanding into more
roadblocks to innovation, you can help them responsibilities in overall business leadership.
navigate around them.
As a leading technology architect in the media
In your opinion, what roadblocks or challenges are information and communication sector, what is
faced by an entrepreneur? And what is your advice your contribution in its evolution?
to overcome them? My primary contribution has been to deliver
Many people tend to be averse to change, but marketing automation platforms that empower
without change, no innovation can take place. Every personalization at scale and reasonable cost.
day, you need to work to build a team and culture
that accepts change and embraces constant What advice would you like to give to the budding
improvement. It helps to align incentives with entrepreneurs in various organizations?
improvement. Never rest or settle. Continue to focus on
improvement. Don’t be afraid to fail. Don’t accept
roadblocks.
38
| July 2019 |
I
have been a strong advocate of conversational For enterprises there are certain imminent crisis that
technology (VoiceTech/NLP) and AI and have pitched demand that they change rapidly and market is not at all as
for it in various conferences, Guest Lectures at leading forgiving as it was a few decades back, someone is
business institutes and to corporates and I am often being constantly rooting for you to make a mistake.This is
asked what will happen to our jobs? So this is true that leading enterprise to transform under the integrated
Artificial intelligence seems like a big untameable environment of Digital Transformation.
monsters to most, and everyone is little anxious about
future. Voice Technology has lately become a stable AI process
and would completely change the way we interact with
And that could be true sitting in 2010, but past few years technology in the future. Visualization will remain at the
new old research and young progressive companies and heart of it however with conversational technology, we
devision of enterprises are willing to make it their sole can expect a shift to more verbal ads, like radio, but more
purpose that the infuse digital transformation in their personalized and actionable, but still to make a decision on
company and provide assistance to others. But, with the which product to buy you would want to see it visually.
prevailing reputation that comes at a cost of educating Also search will become more specific and hyperlocal,
everyone, really everyone. where we will be prompted to give verbal feedbacks, that
would amount to popularity of products and places, how it
They see it as a risk and any have burnt their hands trying happens with mobile applications today.
to tame novice early stage AI models. But thats fine, thats
how we grow. I believe that we are intellectual beings with Siri, Cortana, Alexa have brought conversation technology
curious minds, why would we want to do repeatable jobs to people for some time now. They come bundled up with
which machines can do with greater efficiency. We can smart phones and can be used to do basic searches, to look
delegate these chores and teach the machines to help us up certain things, cue up songs etc. Speech technology has
better and imitate human decision making, innovate at come much further than that. With its advancement we
personal level and “Democratise Artificial Intelligence”. can now control our oven, tv and other house hold devices,
can search complex data from cloud or can make phone
Democratising AI through platforms for like voice calls for ourselves. It can change the way we function in
technology - Natural Language processing so the technical our daily lives, our time with our family, services we
algorithms can stay with specific user base while use of the receive and the jobs we do. It can eliminate learning curve
AI algorithms can be made as simple as conversing with of devices, repeatable chores, and compiling excel sheets.
machines. Thats a sure shot way to upskilling resources for And it will not happen eventually, it’s happening now.
example: Team of Analysts can train dashboards and
Business Intelligence tools to map business KPIs and Developers will innovate to create more audio centric user
generate Compelling Business Stories and Insights in interface, there will be discovery period for them to find
natural language for everyone in the organisation to out how to minimally prompt user to give inputs and
benefit from, and then keep building the training over it implement voice modulated visual commands. We can see
through machine learning. We are personally running speech approaching a point where it would become so
trials with Fortune 50 companies on this, so when I say you reliable that we can just use it, like how we do it with other
need to start looking at ways to incorporate new humans, and not even think about it.
technologies I mean it.
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Expert's Outlook
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Joseph Chan
CEO
AsiaPay
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AsiaPay
Joseph Chan
Balancing Effectiveness and Efciency
I
nnovative Entrepreneurship is about being ready to Ÿ Embrace chances and technological evolution.
go beyond one's comfort zone. It is also about Effectively implement the vision with a like-minded
thinking outside the box or thinking like there is no professional team;
box. One such entrepreneur with innovative mindset is
Joseph Chan. As the Founder and CEO of AsiaPay CIO: What are your intakes on the roles of an
Group, Joseph started up first high-quality third-party entrepreneur on product innovation performance?
ePayment and mPayment solution and technology firm
in 2000 in Hong Kong. He spearheaded the company JO:
business strategies and product development together Ÿ Cultivate an open supportive environment and
with his management team, and led AsiaPay becoming culture that encourage and recognise innovation in
one of the most successful world-class electronic the organisation not only in product but in all
payment service and technology companies in Asia. business areas including accounting process,
operation, service provision;
In regard to business growth and market recognition, Ÿ Act a role model to drive and rigorously exchange
Joseph presents his long-term vision that is to operate innovative processes and product ideas in the
a successful and socially responsible company which organisation;
continually provides individuals and corporate entities Ÿ Active listen and be receptive to the innovative
with newest payment product values, readily enhance models and needs from clients and partners;
one's quality of life and maximize business Ÿ Walk the steps to implement innovative products
opportunities, efficiency and productivity. and processes with team such that the team sees
the values and benefits and enrich job satisfaction
Below are highlights of the interview between Joseph Chan and beef up all the related knowhow;
and CIO Look:
CIO: As per your opinion, what roadblocks or
CIO: What according to you are the basic but crucial challenges are faced by an entrepreneur to ignite the
traits that every innovative entrepreneur must business? And what is your advice to overcome them?
possess?
JO:
JO: Ÿ On technical front, how to effective validate the
Ÿ Clear vision of what you want to achieve and what viability of the business and solution model and
pain points you aim to address and if it comes to be a effective assessment of all related technological and
viable business model that can sustain and scale up; security risks;
Ÿ Be aggressive and stay agile; Ÿ How to effectively build the right team / acquire the
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right talents with the right know how and passion; Ÿ Help our business and bank clients to grow and
Ÿ Being a fintech player, some of the major challenges succeed, and enhance competitive edge in this fast-
is gaining trust and support from banks and partners changing technological world with the effective use
in new markets, and how to fend off risks due to of innovative products and services in digital
compliance and regulatory changes; payment; Ÿ Build and lead the team to embrace
changes and achieve the business goals and face
Advice to overcome: continued business and technological challenges.
Ÿ No magic formula. Need to engage a like-minded
team to timely assess and evaluate necessary CIO: As a leading technology architect in digital
strategies, technologies and processes over time; payment sector, what is your contribution to its
Ÿ Effective empowerment and delegation to the evolution?
team;
Ÿ Demonstrates perseverance in the face of adversity JO: If in our digital payment sector, we facilitate the
and overcoming obstacles. Be prepared always. The provision of integrated, advanced, secure digital
Expected and the Unexpected. Be an independent payment services and technologies to our clients who
thinker and to take on and manage risks in the face readily capitalise on the effective use of these to
of uncertainty; enhance sales, services, and productivity and stay
Ÿ Keep learning; ahead in this fast-changing digital age, while minimizing
potential risks on fraudulent payment, technology,
CIO: How do you upgrade yourself with volatile security and privacy.
technological trends to boost your personal growth?
CIO: What advice would you like to give to the
JO: To stay competitive in a highly volatile and fast- budding entrepreneurs in various organizations?
growing market, it is imperative to constantly boost my
personal growth by: JO: B.E.S.T.
Ÿ Life-time learning and exchange with team and
industry and technology players. Whenever Be Prepared. For both opportunities and risks.
appropriate, consider to appoint and work with Entrepreneurship is always inspirational. All dreamers
professional expertise in the necessary areas such will encounter endless hard work, frustration, constant
as security; challenges and difficulties. One will risk time, capital
Ÿ Be open to mistakes and take effective corrective and life fate to struggle, sustain and survive. Prepare
measures timely; the expected and unexpected.
CIO: How do you cope up with volatile technological Embrace changes. There are more unknown than
trends to boost your personal growth? knowns along the journey, from consumer behavior to
regulatory and technological changes.
JO: Proactively assess and evaluate in advance the
impact and implication of changes in technological as Stay Positive and Agile. Building strategic alliances and
well as business world, and learn from the processes, to surrounding oneself with positive and talented
best avoid making wrong decision. people—sharing knowledge and empowering
individuals, teams, the Board to make sound decision
CIO: What are your future endeavors/objectives and and changes timely and effectively.
where do you see yourself in the near future?
Teamwork. Even oneself is an entrepreneur, one cannot
JO: be an expert in every part of the organization. Effective
Ÿ Continue to pursue the vision and dream to be the teamwork can help an organisation to speed up
predominant leading digital payment service and renovation, optimise opportunities, and withstand any
technology player in Asia. risks and uncertainties.
Ÿ Continue driving digital payment innovation to well
serve the needs in the market;
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Dance in the
digital storm.
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Innovative
Companies
in the Space Industry
W
hat do we call an area that is not limited to a original space race began from the ideas and skills of
single planet and has no physical boundaries? visionary theoretical engineers like Robert. H. Goddard,
We call it the era of the emerging space Wernher von Braun, and Konstantin E. Tsiolkovsky, etc.
resource industry. As humans, we became a spacefaring Today, space endeavors are propelled by a new generation
species 60 years ago when Russia launched Sputnik, the of entrepreneurs including Elon Musk, Jeff Bezos, and
world’s first artificial satellite. We are the only species to Robert Branson. There are some more major players and
achieve this milestone in the 4.5 billion year history of the innovative companies with the vision of space exploration
earth. Later, the space industry began to develop after and are as follows:
World War II, as rockets and satellites later found civilian
purpose. SpaceX- SpaceX was founded in 2002 and has reached
worldwide popularity with their historic milestones in
Today, companies around the world are in transportation, space exploration. It is already the world’s most high-
energy sector, construction, hospitality, real estate, etc. profile commercial spacecraft company. The aim of SpaceX
and they are looking for their next growth opportunity. is to revolutionize the space technology, with the goal of
Space is quickly becoming a place where the industries enabling people to live on other planets. Its success has
that power our global economy have started conducting been worth appreciating. Falcon 9 launch vehicle and
business. Future developments in the space industries Dragon Spacecraft are some of its milestones. Dragon
include space tourism, satellite manufacturing, and the Spacecraft has helped with regular resupply missions for
launch industry. In recent years, however, private NASA space stations.
spaceflight is becoming reality in the space industry.
Blue Origin- It was founded in 2000 by Jeff Bezos, the
Of course, these private companies also compete against technological retail entrepreneur and CEO of Amazon,
each other and it could be argued that a new space race aims to launch people in space. It is fully reusable, vertical
has begun. But while with an element of competition, the takeoff vertical landing (VVTL) space vehicle. Though its
success of the past decades shows that is possible to goal is different from that of SpaceX, it targets the Space
collaborate in space. For example, NASA a major tourism industry. It is focusing on commercially available,
government agency has relied on privately operated suborbital human spaceflight and has developed a vertical
launch services like SpaxeX for its satellite launches. The launch vehicle (new shepherd) for it. New shepherd is
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Innovating Space
named after the Mercury astronaut Alan Shepherd, the Observatory and it continues to produce data that enables
first American Astronaut to go in Space. It is designed to astronomers to make extraordinary discoveries. Launched
take astronauts and research payloads past the Karman in 1999, Chandra has found evidence for a significant new
line, the internationally recognized boundary of space. class of supernova. It has also uncovered evidence of a
powerful outburst from the giant black hole at the Milky
Boeing- Boeing is the world’s largest aerospace company Way’s center.
and leading manufacturer in space and security systems.
Throughout the last 50 years, Boeing has been integral in NASA has a long tradition of utilizing Northrop
every major endeavor to escape earth’s gravity. The Grumman’s spacecraft, including the Spirit and
satellite industry has made the headlines since the launch Opportunity rovers that landed on Mars in 2004. The
of its first Mercury capsule to the current ISS rovers will help guide the Mars as it investigates the
(International Space Station). viability of microbial life on the planet now or in the past.
NASA’s Space Launch System (SLS) is the most powerful NASA’s James Webb Space Telescope will play an
rocket ever built. Boeing is the prime contractor for the important role in studying planetary systems. NGC is the
SLS design development, test, and production of the prime contractor for building the dreams of Webb
launch vehicle. SLS is the world’s only super heavy rocket technology. The telescope will be sensitive to infrared light
capable of transporting astronauts to deep space. NASA is which will enable it to understand an era of the universe
setting its eyes on the exploration of Mars with the help of just a few million years after the Big Bang.
Boeing technology. Boeing has successfully launched all of
NASA’s Mars probes and rovers aboard Delta 11 launch Made in Space- MIS is the space-based manufacturing
vehicles. Recently Boeing engineer designed a spacesuit to company, dedicated to making of reliable Additive
protect astronauts from dust, radiation and other hazards manufacturing equipment and fiber optics (MIS Fiber) for
when exploring the surface of moon and mars. Space. Additive manufacturing is also known as 3D
Printing and is transforming the industry. It can
Sierra Nevada Corporation- Selected by NASA, SNC’s manufacture larger and more complex objects faster, with
Dream Chaser spacecraft is a multi-mission space utility finer precision and with multiple aerospace grade
vehicle. It used for transporting crew and cargo to LEO materials. MIS Fiber Optics, on the other hand, is
(Low Earth Orbit) destinations such as ISS (International produced without crystals that affect signal loss. Later,
Space Station). The system is designed to deliver up to these crystals provide superior data transmission
5,500 kg of pressurized and unpressurized cargo to the capabilities, high-speed internet as well as enhancing
space station under the CRS (Commercial Resupply technologies in space.
Service)-2 contract. It will carry supplies like food, water, &
science experiments and returns to earth with a gentle Virgin Galactic- Virgin Galactic is a spaceflight company
runway landing. The spacecraft is selected by NASA to founded in 2004 by British entrepreneur Sir Richard
provide a minimum of 6 cargo missions to and from the Branson. It is developing commercial space crafts and aims
space station by 2021. Sierra Nevada Corporation is to provide suborbital spaceflights to space tourists. VG
making solid progress and likely to stay a key player in the uses a larger, four-engine jet plane that carries passengers
private space company. into space. It is similar in design to a private plane. These
private space firms seem to have different interests in the
Northrop Grumman Corporation- NGC is a leader in space race, but actually, these companies share the same
science and exploration in space for more than 60 years. goals.
Thiokol Chemical Company, now part of NGC developed
the world’s first reusable space shuttle program in the late Looking at the future, there will be a need for laws,
1970s. regulation, and controlling authority to govern space
exploration. It will be necessary to have firm and well-
Contribution to NASA: July 20, 1969, was a historic day understood protocols in the event space crashing, while
when the world watched, astronaut Neil Armstrong took there are serious issues around the safety of astronauts as
mankind’s first steps on the moon. The success of NASA’s well. At the moment, the UN’s Outer Space Affairs is
Apollo 11 mission is still remembered and celebrated. responsible for promoting international cooperation in the
Several heritage companies of NGC are recognized for the peaceful uses of outer space. Perhaps, the entry of the
vital role they played in the achievement of the Apollo 11 private sector into space exploration will contribute to the
mission. NGC designed, assembled, integrated and tested growth of the economy as valuable targets for investment.
the Lunar Module (LM) of the Apollo program. However, it will be interesting to see how healthy
competition opens up in the development of the Space Era
NASA’s Northrop Grumman built Chandra X-ray for Citizens.
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