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Business

'Transformation coming from outside' says Nokia chairman

Nokia Chairman Risto Siilasmaa

TOKYO -- The Global ICT Summit 2016 commenced in Tokyo on Monday, with topics focusing on trends in information and communications technology.

The summit, which is sponsored by The Nikkei and Japan's Ministry of Internal Affairs and Communications, is a two-day event, and this year's theme is "Digital Transformation -- Changing Business and Changing Manufacturing." Discussion is centered on how companies can respond to the emergence of new technologies, such as the so-called internet of things, a world of web-enabled devices. 

Risto Siilasmaa, chairman of Finnish communications giant Nokia, kicked off the event by saying that the business world is seeing rapid and disruptive change. With the emergence of the IoT and advances in artificial intelligence, numerous industries are experiencing revolutionary change at an exponential pace, he added. 

Citing the effect that U.S. electric carmaker Tesla Motors has had on the existing auto industry, Siilasmaa said it was previously thought that transformation would come from within the industry, but Tesla is proving that change is being forced on manufacturers from outside. Now that software, not hardware, is the determining factor in automakers' competitiveness, he stressed that long-established companies are under pressure to transition.  

Speaking at his lecture titled "The Future of the Internet Starts Here," Tom Leighton, CEO of U.S. content delivery network and cloud services provider Akamai Technologies, said the internet of things will likely boost already-ballooning communications traffic due to the global spread of the internet. He added that Akamai will provide a fast and safe environment for that growth. 

(Nikkei)

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