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ICTA Digital Consortia: Over 1000 participants actively engage with six multinationals

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The Participants of the inaugural National Digital Consortia Divya Jain, Corporate Sales Manager, Google Cloud, Sunil PP, Head for Education, Space & NPOs ,Amazon Web Services India and South Asia, Inho Oh, Solutions Engineering Manager, SEA/India, Zoom, Michael MacDonald, Chief Digital Officer, APAC, Huawei, Basudev Banerjee, APAC Financial Services Leader, Microsoft, Shuchim Trehan, Vice President, Solution Engineering ASEAN, Oracle

The Information and Communication Technology Agency of Sri Lanka (ICTA) announced that it successfully concluded the inaugural ‘National Digital Consortia’, from 10th to 13th January 2022, in partnership with FITIS, SLASSCOM, BCS, and CSSL. The event featured 6 Global Tech Giants – Microsoft, Zoom, AWS, Google Cloud, Oracle, and Huawei. The event was a platform to present the latest products services and share insights on the latest trends in the global tech industry.

Over 1000 Participants actively engaged with the six multinationals during the four-day event.

Commenting on the event, Anura De Alwis, Chief Digital Economy Officer, ICTA, stated,

” As the apex body driving digital transformation in the nation, the purpose behind organising an event of this nature is to expose Sri Lanka to the latest developments in the technology industry. It is a first of its kind, bringing six global technology giants onto one platform. In doing so, we wanted to expose the public sector, private sector, tech industry, technology enthusiasts, and the general public to the latest happenings in technology. Thereby encouraging the adoption of digital technology”.

He also went on to say, “Digital Economy is a key pillar in the overall national digital transformation strategy. We are now in a phase of executing the national digital economy strategy, and it’s been a fantastic experience seeing our digital economy grow. The adoption of digital technology is crucial in enhancing the digital economy of Sri Lanka. For the very first time, we can now measure the digital economy, and the digital economy contribution to GDP stands at 4.37% as of today.”

The sessions showcased the latest technology trends in Agriculture, Health, Education, and Fintech. Additionally, fireside chats, case studies on digital government transformation, Cyber Security, Customer Engagement, and Transformation were some of the key topics discussed.

Google hosted the first session on the 10th of January, where they focused on innovation in agriculture, education, and eealthcare with the help of Google Cloud. The Google Cloud team thanked ICTA for the opportunity in letting them represent Google Cloud. The team valued the

engaging discussions, allowing them to understand the local market better, and look forward to more collaborative engagements in the future. Amazon Web Services (AWS) discussed the role of Artificial Intelligence (AI) in transforming agriculture, education and accelerating digital transformation.

Zoom hosted the second session on the 11th of January. Digital government transformation was yet another key topic discussed, followed by a panel discussion on ‘Reimagining Customer Engagement’. On the 12th of January, Oracle hosted the sessions with four simultaneous product and industry-related sessions on agriculture, healthcare, fintech, and education. Oracle thanked the organizers for the invitation to participate in the event and congratulated ICTA for taking the lead in organising a successful event.

Microsoft conducted the last session held on the 13th of January. They discussed one of the most talked-about topics during COVID-19; Cyber Security, and drove their orientation towards the digital economy. Microsoft appreciated the enthusiasm and eagerness of the audience to engage with the speakers. While congratulating ICTA for successfully concluding such a large-scale event, they expressed their willingness to work closely with ICTA on future engagements.

Huawei too, expressed their willingness to collaborate with ICTA in the future. The multinational corporations expressed that the event added much value to them and created a platform to build links to establish themselves in Sri Lanka.



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Sri Lanka’s economic confidence index plummets

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‘No one has rated Sri Lanka’s economic condition as excellent. 1.8 % rated it as good and 1.3 % rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022, a wide ranging Verite Research public opinion survey reveals.

Key findings of the survey:

Government approval rating drops from 10% to 3%

The second round of the Gallup Style “Mood of the Nation” poll was conducted in June by Verité Research. It assessed the approval, satisfaction, and confidence of the nation in relation to the government, the country, and the economy.

The poll was conducted as a part of the syndicated survey instrument by Verité Research. This instrument also provides other organisations the opportunity to survey the sentiments of Sri Lanka.

1. Government approval rating | 3% | To the question, “Do you approve or disapprove of the way the current government is working?” only 3% said they approve. In January 2022 this rating was at 10%.

2. Sri Lanka satisfaction | 2% | To the question, “In general, are you satisfied or dissatisfied with the way things are going in Sri Lanka?” only 2% said they were satisfied. This rating was at 6% in January 2022.

3. Economic confidence | negative (-) 96 | Multiple choice questions on the condition and trajectory of the economy are used to generate an economic confidence score. The score can range from negative (-) 100 to positive (+) 100. A score above zero means more people see the economic conditions positively rather than negatively. If everyone thinks the economy is in either excellent or good condition, and everyone also thinks it is getting better, the score will be (+) 10. If everyone thinks that the economy is in a poor condition, and everyone also thinks it is getting worse, the score will be a (-) 100. No one rated the economic condition as excellent. 1.8% rated it as good; and 1.3% rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022.

Implementation of “Mood of

the Nation”

The poll is based on an island wide nationally representative sample of responses from 1,052 Sri Lankan adults, conducted in June 2022. The sample and methodology was designed to ensure a maximum error margin of under 3% at a 95% confidence interval. The polling partner was Vanguard Survey (Pvt) Ltd.

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Decline in share market in the wake of rate hike reports

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By Hiran H.Senewiratne

CSE trading activities began on a positive note yesterday but during the latter part of the day the market experienced a dip on account of the overall supply chain economy being subjected to a contraction, stemming from the fuel crisis. Consequently, CSE activities were relatively low keyed, market analysts said.

“We are reverting to the negative. There is uncertainty on all fronts, from the political to the economic. Therefore, we are expecting a rate hike on Thursday. This is creating a bit of a cloud and we may see this continuing further, a top market analyst said.

Even if top level decision- making is happening in Sri Lanka the impact is not felt at the grassroots level. This has resulted in unrest in the country, the analyst said.

Amid those developments, both indices moved downwards. The All- Share Price Index went down by 97.9 points and S and P SL20 declined by 34.3 points. Turnover stood at Rs 1.3 billion with one crossing. The crossing was reported in JKH, which crossed 600,000 shares to the tune of Rs 73.2 million, its shares traded at Rs 122.

In the retail market, the top seven companies that mainly contributed to the turnover were; Lanka IOC Rs 611 million (7.3 million shares traded), Expolanka Holdings Rs 173.9 million (one million shares traded). LOLC Holdings Rs 47.4 million (120,000 sha4es traded), Hayleys PLC Rs 46.5 million (697.000 shares traded), Browns Investments Rs 46.3 million (6.4 million shares traded), JKH Rs 21 million (173,000 shares traded) and Softlogic Holdings Rs 20.5 million (794,000 shares traded). During the day 109 million share volumes changed hands in 15000 transactions.

The International Monetary Fund said last Thursday its talks with crisis-hit Sri Lanka had been “constructive”, thereby raising hopes it would soon grant preliminary approval for a desperately needed financial support package, observers said.

Meanwhile, the Colombo Consumer Price index rose 54.6 per cent year-on-year in June against a 39.1 per cent rise in May, according to the Statistics Department.

Yesterday the US dollar rate was Rs 360.73, which is now being controlled due to the prudent fiscal and monetary policies of the Central Bank.

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Dialog Club vision members receive access to an exclusive screening of ‘Jurassic World Dominion’

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In a bold and breath-taking new global adventure, the epic conclusion to the Jurassic film franchise ‘Jurassic World Dominion’ hit theatres across the world on June 10. Just a day after its global premiere, Dialog Club Vision Red members and their loved ones received special access to an exclusive screening of the film at the Kandy City Centre Multiplex on June 11.

The explosive end to the Jurassic era sees two generations of the film’s franchise unite for the first time with Hollywood’s Chris Pratt and Bryce Dallas Howard joined by Oscar winner Laura Dern, Jeff Goldblum and Sam Neill. Dialog Club Vision members were some of the first to witness the utopian world where Dinosaurs and humans co-exist.

With the best interests of its members and their loved ones at heart, Dialog Club Vision continues to deliver a world of exclusivity and privileges such as personalized care, exclusive discounts and offers, lifestyle and entertainment events and more. To explore more exciting offers available for Dialog Club Vision members, and to learn more about Sri Lanka’s premier loyalty programme, customers can visit the MyDialog App or visit dialog.lk/club-vision

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