Deloitte announces winners for Technology Fast 20 ...

德勤Deloitte · 公众号 · · 2017-09-27 19:00

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In addition to offering quality products and services, the winning companies of the TF20 Program have demonstrated remarkable business growth for three years since 2014. WeLab saw a 3-year average revenue growth rate of 7,130% in 2016 against 2014, while both SenseTime and GoGo Tech achieved growth rates of more than 3,000%.

To ensure that participants could gain the most out of the TF20 and Rising Star Programs, Deloitte also released a report that has collated opinions from industry protagonists on the impact of digitalisation on local industries, and the challenges and opportunities faced by their companies in an increasingly innovative business environment. The findings show that almost 80% of respondents believe that digitalisation will pose a substantial or disruptive impact on the competitiveness of businesses. In terms of challenges, 63% believe that the greatest challenge faced in the course of accelerating digital development is ensuring a balance between innovation and regulation.

Philip Law, Deloitte TF20 Hong Kong Program Leader , said

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Deloitte is grateful for the opportunity to partner with strategic partners, local incubators, venture capital investors and other professional organizations to organize this meaningful program, which provides a profile-building platform for fast growing companies in emerging industries of Hong Kong to share their success stories. It is hoped that the Program will also enable participant companies to meet and network with their counterparts, as well as private equity and venture capital investors. Digitalization has become vital for achieving technology transformation, and the Deloitte report has also underlined key challenges experienced by companies in their course of digitalisation. To navigate the hurdles, we believe that it is important for companies to put in place a comprehensive digital strategy, rather than focusing just on adopting the latest technology. Companies should also develop a roadmap for recruiting and developing talents, who are able to utilize big data in solving complex problems in a highly complex digital business environment.

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The 2017 Deloitte Technology Fast Program in Hong Kong was organized in collaboration with predominant local incubators, including Hong Kong Cyberport (Cyberport) and the Hong Kong Science and Technology Parks Corporation (HKSTP).

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