Reminding participants that the EU telecommunications market was only liberalized two years ago, Juan Rada, Senior Vice-President, EMEA, Services Industry Group, Oracle, Switzerland, said the EU was now better positioned than the US to take advantage of the internet revolution. He further predicted television would be the medium through which most people would access the internet in the future. In a mood for exploding myths, Lyric Hughes, President and CEO of China Online, USA, contested the popularly held belief that the road to universal connectivity in the world's most populous nation was a long and difficult one. Ms Hughes said widespread telephone and cable penetration made China one of the most attractive e-commerce markets in the world. She confidently predicted it would take ten years at most before China's full potential is realized.
Ecosystems rule the net world as well as the biological world.
By viewing organizations not as static entities but as living systems which are part of a bigger living system, you'll gain new insights into how to compete,' he said. Moreover, it required companies to take innovative approaches to customer satisfaction and would furthermore test their ability to recruit and retain a skilled and enormously mobile workforce - a view supported by Jacob Wallenberg, Chairman of Skandinaviska Enskilda Banken, Sweden, who added that adapting to the specific needs of this 'organic' and constantly evolving world was one of the greatest challenges facing business in the new century. Malcolm Williamson, President and CEO of Visa International, USA, said the challenge now before governments is to create regulatory frameworks which safeguard personal and business information without curtailing innovation.