Local conglomerates prepare to become multinational companies

eGeneration Ltd., one of the leading IT companies in Bangladesh and Microsoft jointly organized a roundtable titled “Creating Bangladeshi Multinational Companies by building Modern Workplace” on Monday evening at The Westin Dhaka. The roundtable lead the discussion to embrace strategies that create global companies by generating workplace insights using data, powerful metrics and analytical tools, driving productivity, increasing employee engagement and streamlining processes. Bangladeshi companies discussed their current strategy to leapfrog into global markets to realize the national vision of becoming a Developed Country by 2041. They shared their optimism and growth mindset to work in a developed Bangladeshi economy that will be more than 2.6 trillion dollars in size with huge exports in region of 700 billion dollars in 2041. Managing Directors, Chief Technology Officers (CTOs) and Head of ITs from various sectors attended the program.  

Shameem Ahsan, Chairman of eGeneration, chaired the discussion session and Parthapratim Deb, Executive Director; Bangladesh Computer Council, was the present as chief guest in the roundtable along with special guest Kamran Bakr, Managing Director & CEO, AK Khan & Company Limited. Zaid Alkadhi, marketing & operation Director, South East Asia new markets at Microsoft; S M Ashraful Islam, Executive Vice Chairman, eGeneration; Maliha Quadir, Founder and Managing Director, Shohoz; Yasir Azman, Deputy CEO, Grameenphone; Prof Dr. Mostofa Akbar, Chairman, CSE, BUET; Razzak Khan, Chairman -Minister group & Director, FBCCI; Taif Bin Yousuf, Senior Executive Director, MGI; Tanvir Ahmed, MD, Ifad Group; Shahriar Jahan, Director, Chittagong Chamber of Commerce & Industries and Deputy Managing Director, KSRM; and Tahsin Aman, President, EO Bangladesh & Vice Chairman, Aman Group   were among many other present at the round table. 

Shameem Ahsan said, “Globally, companies those already realized the potential of the technology have adopted the digital transformation strategy are growing heavily and reaping big profits. To realize the vision of 2041 – to reach developed country status – Bangladesh needs similar billion-dollar conglomerates and must build multinationals from Bangladesh. Businesses need a Clear Vision, Business Model, Capable HR, and Policy support to be a multinational company from Bangladesh. To build these MNCs, technology collaboration is critical to grow the business and sustain the growth through collaboration tool, advanced business processes, business intelligence systems, data analytics, and IoT solutions. It is high time that Bangladeshi organizations embrace a digital-first strategy and build capabilities to have accelerated growth, which will help us realize the dream of Bangladesh becoming a developed country.”  

Chief Guest, Parthapratim Deb said, “I Appreciate that company like eGeneration has been partnering with global partners such as Microsoft and others to make the local companies more competitive and tech savvy. The government is always welcoming to technological advancements that will drive our local companies and economy forward to global level.” 

Zaid Alkadhi, Director, Microsoft said, “In this era of 4th industrial revolution, every CxOwants to stay relevant and grow their business in a growing economy like Bangladesh. To do that it is imperative that companies become digital and embrace cloud like solutions for scalability. Becoming a true digital organization is not just about becoming tech-savvy – it requires business leaders to re-envision existing business models and embrace a different way of bringing together people, data, and processes with partners to create value for their customers and stay competitive. The economy of Bangladesh is booming and growing so fast recently that the companies in Bangladesh should embrace the newer technologies like Cloud Solutions, Data Analytics and IoT in their organization.” 

According to latest figures released by Microsoft and IDC Asia/Pacific, businesses expect to add 70% more in customer acquisition rate by 2020, underscoring the beneficial outcomes that embracing digital transformation brings to the table. International studies show close to 50% of Global companies has started heavily increasing investments on their IT infrastructure with digital transformation at the heart of their corporate strategy with the aim of spurring more growth. The global CxOs are cultivating a vision of a digital modern workplace that will bring much needed push for growth and sustained economy worldwide. 

Along with Microsoft, eGeneration is working diligently to enable local organizations, both public and private, to take advantage of the era of intelligent cloud and digital systems. As the only Bangladeshi LSP of Microsoft, eGeneration has been working closely with the Government, Microsoft and other partners to help accelerate the digital transformation across Bangladesh. The global systems integrator company has expert team supporting cutting-edge capabilities and disruptive technologies, like blockchain, artificial intelligence, machine learning, data science, Internet of Things (IoT) and more, to not just modernize specific tools and functions, but advance organizations overall.

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