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The UK Technology
Summit brought together the leaders of the technology industry to
discuss and debate strategies and challenges in the high-tech
surroundings of Bloomberg’s London Studios.
Organised by Eurotech Forum, the events were supported by private sponsors,
attracting approximately 200 attendees on each day.
The highlights of
the two day event included a visionary opening by Ben Verwaayen, Chief
Executive of BT plc where he discussed the particular challenges BT
faces in the current economic climate. Also speaking on the first day
were Richard Christou [Chief Executive, Fujitsu Services], David Levin [Chief Executive, Symbian], Peter Radley
[Chairman, Antenova], Andrew
Sukawaty [Non-Executive Deputy Chairman, mmO2], and Steve Pusey [VP EMEA,
Nortel Networks].
On the second day
Brian McBride [VP Northern Europe, Dell], and Duncan Mitchell [VP &
General Manager UK & Ireland, Cisco], discussed their customer-centric
approach. Their discussion centered around the concern that although many
companies profess to being customer-centric, in fact, cost, corporate
commitment and commercial reality are considerations that hamper this
claim.
Brian McBride
explained how, for Dell, a 5% increase in customer retention leads to a
75% increase in customer lifetime value. Also, now that 80% of their PC
problems can be fixed remotely, and over 50% of their transactions are
online, Dell can deliver service much more cost effectively. Duncan
Mitchell explained that, through a web-based model of customer service,
Cisco can save dealing with 70,000 calls a month and make a $200m
saving. In addition, as all their staff have a salary incentive linked
to customer satisfaction, there is real motivation to improve.
A further session
analysed what new waves will drive IT spending growth. Sir Robin Saxby [Chairman of ARM Holdings], discussed what will drive technology
companies to a competitive edge next.
Sir Saxby was involved in the founding of ARM and
served as Chairman, President and Chief Executive Officer since joining
the company full-time in February 1991. In October 2001, he split the
role of Chairman and Chief Executive Officer, becoming Executive
Chairman while Warren East took on the role of Chief Executive Officer.
Sir Saxby discussed the future for a Home Gateway/Networking Company to
drive the take up of unified home communications and entertainment. He
was interested in the growth of China as an Economy and in the break
down of separable segments of consumer interconnectivity (phone,
electronics, PC, and security). In terms of the market, Sir Saxby had
posted its first decrease in earnings in 48 quarters, but had started in
the last downturn and was confident of riding the wave.
Also speaking on the
second day were Rick Skett [Managing Director UK & Ireland, Intel],
Ian Smith [Managing Director, Oracle UK, Ireland, South Africa], and Alex van Someren
[CEO of nCipher].
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