Home / IT / Telecom / Tech/ Technology, digital transformation will drive Sri Lanka’s biz future: IBM

Technology, digital transformation will drive Sri Lanka’s biz future: IBM

Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 31 July 2019 00:00


IBM India/South Asia Managing Director Karan Bajwa addressing 

the gathering 

IBM yesterday conducted an IBM Innovation Forum in Colombo that brought together business leaders to explore how they can leverage next generation technologies for innovating at scale. 

The forum saw more than 250 attendees and was focused on bringing forward the business value of emerging technologies through a series of show-and-tell sessions with LIVE demonstrations and 1:1 discussions with small, medium and large enterprises.

The event speakers included IBM India/South Asia Managing Director Karan Bajwa, IBM Sri Lanka Country General Manager Riza Wadood and Stax Managing Director and Colombo Office Head Ruwindha Pieris. They evaluated the breadth and depth of technology including cloud, artificial intelligence (AI), data and analytics, its wide potential of applications and how their combined impact is reshaping standard business architectures today.

The event witnessed engaging conversations on women in tech and a show and tell on IBM’s journey to AI and cloud. It also featured an Expo Zone for live demos of various technology-led solutions driving digital transformation that saw great participation from local enterprises particularly from the small and medium enterprises.

Digital transformation is the transition from traditional tools and business methods to digital technologies that enable innovation – from industries like retail and banking offering mobile apps for shopping or banking; to business functions like supply chain innovating with blockchain to prevent contaminated food entering your kitchen, or building maintenance managers using IoT data to track a heating problem within minutes rather than days. 

Digital transformation is leading to improved business performance and much simpler user experiences. Digital strategy from IBM provides clients with the resources to succeed and grow, empowering them to offer new experiences through a new and disruptive focus on business model innovation and market activation. 

Riza Wadood said: “Today we are at an inflection point in Sri Lanka where growth and differentiation are driving businesses forward. Digital has now become the norm for businesses to stay relevant and provide customers with the cutting edge solutions they require. IBM has been in Sri Lanka for 57 years and our legacy expertise in leveraging tech solutions to drive digital transformation for our clients is most relevant to the Sri Lankan industry.” 

Karan Bajwa said: “Innovation has made a rapid headway through digital reinvention for businesses across the world. There is a big opportunity for digital adoption in Sri Lanka and the entire ecosystem including the Government recognises it. IBM has built strong clients, catered to key verticals like banking and telecom and introduced emerging technologies during our long tenure here. Our capabilities are uniquely positioned to help streamline Sri Lanka’s digital roadmap in the nation’s future growth.”


Share This Article

Facebook Twitter


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

State of the economy of Sri Lanka

Saturday, 21 September 2019

I am not an economist nor do I profess to be an economic analyst. The views expressed in this presentation are those of a layman who has always been interested in the economic progress of Sri Lanka.

Premadasa, Père et Fils

Saturday, 21 September 2019

We are what time, circumstances and history has made of us. We are trapped in history. At age 77, I refuse to trap history in my mind. This essay is an obligation to history. Although J.R. Jayewardene introduced ‘Executive Presidentialism’, coer

Economy, business community and the Prime Minister

Friday, 20 September 2019

The speech made by Prime Minister Ranil Wickremesinghe as the Chief Guest of the Sri Lanka Economic Summit 2019 deserves very careful consideration by the country due to several reasons. This will no doubt be his last speech on economic policy to be

Sri Lanka needs to invest more on soft infrastructure

Friday, 20 September 2019

Developing countries like Sri Lanka will have to prepare for further downside risks in 2020 with the growing debt problems and the growth problems in Europe and the slowdown in Asia. Slower growth is already visible in weakening global trade and comm

Columnists More