"Trends in the digital economy always follow new innovations."
A throwback memory to a live talk event with Cisco’s Alex Goryachev and Maciej Kranz about “Innovation in the Digital Economy” conducted by The Commonwealth Club in San Francisco on March 20, 2018.
I was so enthusiastic to participate in a live talk event, so I signed up for the Commonwealth Club speaking engagement organized by our Lincoln University library team. Plus, it is really fun to travel with friends to San Francisco. We met at the library building around five in the evening and headed to the Commonwealth Club’s new location on the Embarcadero. It was raining a bit, but it was a bright evening. Due to the traffic and rain, the speakers arrived a little late. This ended up being a good thing for us, since only because of that did we get to spend so much time enjoying complimentary snacks and drinks.
The speakers were none other than Cisco Systems Alex Goryachev, senior director of innovation strategy and programs, and Maciej Kranz, vice president of strategic innovations. The discussion was moderated by Ravi Belani, founder and managing director of Alchemist Accelerator and lecturer at Stanford’s School of Business. The talk wasn’t too deep and serious as I feared. Their language, way of delivery, and the whole conversation in general was understandable to a wide-ranging audience. The audience included international students from different universities, Commonwealth Club members working in various technical and service industries, business strategists, and staff from Google and Accenture.
The conversation started with a mention of the importance of innovation in our daily life. Gorbachev said the fact that his 4-year-old kid uses Alexa in the house to find out the weather is the best reflection of how innovation in technology affects human life. When it comes to the economy, the importance of innovation only increases. We are in the era of digitalization. Our whole economy and its operations now function with the help of digital technology. Cloud based technologies improve the efficiency of digital operations and make it easily accessible to the globe. Trends in the digital economy always follow new innovations. Growth of blockchains are one of the best examples of innovation in the digital economy. The speakers expressed their personal approaches on the topic and also named a few companies which they think are more innovative contributors in the digital economy.
The talk ended around 8:45 pm and we got an opportunity to take pictures with Kranz. Personally, the whole event was a new experience for me. Meeting with directors of Cisco, a multinational networking and hardware giant, and listening to their talk regarding the importance of innovation in the digital economy was a great experience. In short, the evening was totally filled with excitement and enlightenment.
Gibu George
Graduate Student, Lincoln University
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