As Thailand's second largest property development company, and one of the biggest sponsors of Techsauce Global Summit 2017, Ananda joins a chain of other companies from new industry sectors that are entering into the realm of accelerators, CVCs and other corporate initiatives in support of tech and startups. At the Techsauce Global Summit press conference back in May 2017, during The Future of Corporate Innovation panel, Dr. John Leslie Millar shared some of the secrets behind their progress as a company towards corporate innovation & how these initiatives have played a key role in helping them to rise through the ranks in the competitive field of real estate to become Thailand's second largest property developer.
For Ananda, how has the digital revolution impacted your company throughout the years and where is your company in its digital transformation?
Dr. John Leslie Millar: In terms of how digital has affected Ananda as a company, Ananda is one of only two companies in the Property sector in Thailand in the last 20 years that has broken through to become a big company. So what that shows is the power of incumbency in our sector. Of the two companies that has broken through, one is Prueksa (Thailand’s largest property company) - and Prueksa innovated in the way that it did its supply and production.
The fact that the construction & property industry is so behind in digitization compared to other industries like finance or travel or anything else affords us tremendous opportunities.
Ananda is a company. We’re in the middle of a growth spurt. We’re growing 10x in 7 years. And we’re doing it without adding any extra capital. We’re doing it without adding extra debt. The way we’re achieving that is through the power of digitization.
So we build it into everybody’s KPI - we build it into everybody’s measurement, and we constantly reinforce, reinforce, reinforce. It’s not a switch; it’s not a one-off program. It’s a culture you have to build and you have to reinforce every single day in everything you do in order to be able to innovate at a level that outcompetes.
There’s no such thing as an innovation budget at Ananda, because everybody is expected to innovate all the time in everything they do.
UrbanTech Hackathon at Ananda's FYI Campus in Bangkok, Thailand
Meet Dr. John Leslie Millar and multiple others who are leaders in their field at Techsauce Global Summit 2017, the first large-scale tech event on the Indochinese Peninsula (Mainland Southeast Asia) which will assemble more than 6,000 participants in Bangkok on July 28-29, 2017 including 1,000+ startups, 200+ venture capitalists, angel investors and corporates, and journalists from global media outlets for this year’s ultimate gathering at Centara Grand Convention Centre in Bangkok, Thailand! We invite participants to open to Asia and the rest of the globe with top VCs and corporations such as 500 Startups, Facebook, Samsung, HP, Dentsu Inc., EY and Ideo Tokyo.The conference will feature more than 100 inspiring keynotes and discussion panels about PropertyTech/Real Estate, Fintech, Hardware, Investment Markets, Ecommerce, Energy Tech, Biotech, InsureTech, Manufacturing & Automotive and other hot topics that drive the immediate future of the global tech industry & SEA’s startup ecosystem.
Techsauce Global Summit is Thailand’s largest international tech conference. We aim to be the first event on the Indochinese peninsula to rival large-scale tech events in places like Singapore & Hong Kong. We have incredibly scaled from 0 to 3500 attendees within 5 years. In 2017, the Summit’s 6th annual event, we’re targeting 6000 participants! Here’s a description of last year’s event and what this year’s event will be like. Link to register for media pass: https://summit.techsauce.co/media-pass/
See a full list of speakers and full info here: http://summit.techsauce.co
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