Digital and Innovation in the Emerging Markets – EY-IEMS Network Workshop
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| Anand Nandkumar (Indian School of Business), Vladimir Korovkin (Moscow School of Management SKOLKOVO) | |
| Monday 5 December 2016 at 9:30 am - 6:00 pm (Hong Kong time, GMT +8) |
HKUST IEMS has hosted the third EY IEMS Network workshop on December 5, 2016. It is an annual strategic dialog meeting of leaders and researchers of IEMS institutions from HKUST, ISB and SKOLKOVO with EY leadership . This year’s thematic focus is Digital and Innovation in the Emerging Markets and objective of the workshop is to share research findings, methodology, exchange ideas and come up with specific joint research initiatives to be implemented in 2017.
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Key insights
HKUST IEMS hosted EY managers and partner EY-supported emerging market institutes in Russia and India for a workshop to discuss collaborative research projects on firm innovation and the digital revolution.
Innovation is slated to become a main driver for productivity in the “new economy.” EY Global Vice-Chair of Tax Jay Nibbe describes a norm of disruption thanks to a quickening pace of technological change.
To study the process, the IEMS will work with the Moscow School of Management SKOLKOVO and Indian School of Business (ISB) on two joint projects: one studying the drivers of firm innovation, the other to calculate a Digital Life Index for cities in Russia, China, and India.
Anand Nandkumar (Indian School of Business) presented on firm innovation, focusing on the Indian and Chinese pharmaceuticals market. He points out that the number of Indian patents each year (3.27 million in 2006) pale in comparison to the US (186 million) and China (459 million). Most Indian patents are also filed by foreign firms, though entry by domestic firms is increasing. An interesting question to be pursued by future joint research is: what explains the large difference in firm innovation in the two countries?
Naubahar Sharif (HKUST IEMS) explained how quadic patenting–where firms are choosing to register a fourth patent beyond the typical US-EU-Japan triad—is increasing and reflects the competitiveness of different emerging markets. He argued that there are three factors which promote quadic patenting in a specific country: the size and ease-of-access of the market, the risk of imitation by local firms, and the degree of local market competition.
Vladimir Korovkin (SKOLKOVO IEMS) presented research on the penetration of digitization in the lives of citizens within Russian cities of more than 1 million people.
The study divides digital life into 7 domains: retail, finance, public services, transport, education, health care, and media. It finds substantial differences across cities in digital life across the different domains.
HKUST IEMS and India Business School are working with SKOLKOVO IEMS to extend the study to Chinese and Indian cities, to see how digitization is changing the Chinese and Indian economies.
Programme
| Time | Sessions | Presenters |
|---|---|---|
| 9:30-10:00 | Registration | |
| 9:30-10:00 | Introduction/Welcome | |
| 10:00-12:00 | Innovation in the Emerging Markets | Prof Naubahar Sharif (HKUST) Prof Anand Nandkumar (Indian School of Business) |
| 12:00-13:00 | Lunch (by invitation only) | |
| 13:00-15:00 | Digital Transformation in the Emerging Markets | Prof Albert Park (HKUST) Vladimir Korovkin (Moscow School of Management SKOLKOVO) |
| 15:00-15:30 | Closing Session | |
| 18:00 | Dinner (by invitation only) |
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'@rajivmemani #EmergingMarkets are well-placed to reap the biggest benefits from the wave of digital disruption: https://t.co/rFt4MrpfHy
— EY Emerging Markets (@EY_EmergingMkts) November 25, 2016
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