First, I’m just very excited to meet everyone there! I’m eager to learn and share.
Second, Peshawar! The oldest city in Pakistan! So much history!
Third, and most importantly, I’m looking forward to being part of a great movement. Let me explain.
Private equity firm JAB just bought Panera (a bakery, sandwich, and salad chain) for $7.5 billion. Yes, that’s billions of dollars. Nvidia (a graphic and mobile computing company) had a stock price of around $14 a share in 2012. Today, shares are worth $100 and it has a market valuation of $57.8 billion. What do these two very different companies, operating in completely separate markets, have to do with each other?
Future focused innovation.
Many people think that all innovation is future focused. Innovation within a company is a function of its strategic direction. If the company is simply about reducing costs and maintaining it’s market share, then innovation tends to be about present operations and marketing. It’s about efficiency or managing growth. Panera and Nvidia are different.
Early on Panera perceived a shift in casual diners patience for waiting. Consumers in big cities want good food without the wait … so, in 2014 they started deploying digital technologies to cut waiting times and allowed advanced orders. Many other restaurants are now trying to follow their lead, a couple of years too late. Yes, Panera has quality food and good locations and from that, their trajectory of growth was good. But they wanted to be decisively better than their competition. They needed to get to capabilities no company had. They needed to get innovative with digital in order to deliver their great food. They are decisively winning now.
In 2016 Nvidia introduced the worlds fastest processing unit for automobile AI. They are also dominant in virtual reality hardware. Years ago, when Nvidia had to start building for the future, there wasn’t clear and present demand for high powered computing on mobile, virtual reality, and self-driving automotive platforms. But they made the decision to innovate for the future and now, they own it.
Why am I excited to go to DYS 2017? Because it’s very likely that someone in attendance will create a disruptive service or technology. You will build a company around it or sell it and use the proceeds to create 10 more services or technologies. I can’t wait to see all the ideas and energy around improving the future!
First, I’m just very excited to meet everyone there! I’m eager to learn and share.
This year, perhaps even more than in previous years, I am very excited to come to DYS for two main reasons.
First, since its inception in 2014, the Digital Youth Summit has become one of the premier technology conferences in Pakistan. Back in 2014, we got some skeptical responses to the idea of holding a tech conference in Peshawar. National speakers were hesitant to make the trip to Peshawar. Security restriction on international travel were in place for KP up to a week before the event. Several international speakers dropped out because of difficulties getting visas.
But in 2014, the first Digital Youth Summit came on the tech scene, redefining Khyber Pakhtunkhwa as an emerging digital economy. The event brought together local and international participants (some attending their sessions by videoconference) to deliberate on supporting the growth of nascent ecosystems. Local youth showed up, curious about how the internet is shaping jobs of the future. I met one young woman who had traveled on an overnight bus with her child and sister just to learn more about what it means to work online. She told me excitedly that she could not wait to begin her new internet based career. And for the international speakers who made it, the hospitality and warmth of Khyber Pakhtunkhwa reshaped their views of Pakistan.
Fast forward three years to DYS 2017. DYS has become an established event in Pakistan’s tech community. It has provided an international platform to showcase the vibrancy and enthusiasm of Khyber Pakhtunkhwa as it embraces the digital economy. And while it continues to identify with its core objective—to raise awareness among youth—it has also become a platform for Pakistan’s tech community to deliberate the growth of tech entrepreneurship, the future of digital payments, and how to promote Pakistan’s digital transformation. The commitment and presence of the Government, as well as participation of a wide range of international experts, complements each panel discussion. But it is the enthusiasm and excitement of the youth that gives the event its signature energy and vibrancy.
Young people were lined up to access what has become the largest tech conference of Pakistan, while others were working as volunteers to help manage the event. A coalition of prestigious sponsors joined the World Bank, the KP IT Board and Peshawar 2.0 to put on a two and half-day summit to inspire the next generation of digital innovators in Pakistan.
Arsalan Ahmed Jaraal, a student at the Institute of Management Sciences, who is volunteering at the event, said friends are persuading each other to attend the Summit. It saw the participation of 3000+ youth and 80+ speakers, over 30+ sessions and breakout events.
With energetic, social media savvy youth presence, it wasn’t surprising that the Summit trended on Twitter in Pakistan and more than 1.2 million people were reached on social media.
While this is the second such summit, there were also several firsts this year. This year saw many more international and national speakers flock to Peshawar to take part in the event. Two Pakistani American entrepreneurs, who met for the first time at the summit, announced that they would be launching a fund targeting high net worth Pakistani Americans as seed funding for Pakistani tech startups. This is perhaps the beginning of an angel investment network that leverages to expatriate community.
In addition, the Summit saw the first investment in a Peshawar based startup. Ebtihaj, Haroon Baig, Zahid Ali Khan, and Mubassir Hayat—all of them in their early 20s-- founded Messiah, an app that allows users to easily connect with loved ones and first responders in case of an emergency. At the summit, they were offered investment in their startup, by two angels—Shubber Ali and Kash Rehman—as well as from Oasis 500, a Jordan based investment company. The team will be attending a 100 day acceleration program in Amman later this year.
The vibrant city of Peshawar is getting ready to host the 2nd Digital Youth Summit (May 7-9, 2015, Shiraz Arena). Co-organized by the KP IT Board, Peshawar 2.0 and the World Bank, the Digital Youth Summit is a tech conference and startup expo gathering participants from Pakistan and all over the world passionate about tech entrepreneurship. While there is a lot of excitement about how technology fuels entrepreneurship, there has also been a quiet and steady rise of the ‘e-lancer’
What is e-lancing? Exactly what you think it is. E-lancing is free-lancing for the digital age. Powered by ICT tools and the internet, e-lancing allows independent tech savvy workers connected to the internet access to the global labor market. Over the past years, even ‘physical’ workspaces have started to get virtual through tele-conferencing, video meetings etc. Many are very convinced by the benefits of ICT-enabled remote work and the flexibility that comes with it while others caution that it may not be the holy grail people tout it to be. However everyone is in agreement about one thing: ICT reduces barriers and distances making the global market more accessible than ever.
All you need is a computer and an internet connection. Thanks to ICTs, e-lancing is booming and there are multiple platforms where employers and e-lancers can “meet” and do business. These virtual marketplaces functions like a Craigslist for skilled tasks: employers post tasks and e-lancers respond to posted tasks and submit offers. Once selected, the e-lancer starts working remotely for his/her client. In most cases, the e-lancing platforms remain the center for all main interactions (payments, reviews, messaging, etc.) between the employer and the on-line worker so to ensure transparency and avoid frauds.
Peshawar, Pakistan. One of the oldest cities of Asia and capital of the Province of Khyber Pakhtunkhwa (KP), is a vibrant city, a melting pot of local and regional cultures that make it the city of hospitality. And in a few weeks, once again, the city will host the Digital Youth Summit which will take place on May 7-9, 2015.
Thanks to the joint efforts of the KP IT Board, the local youth-led organization Peshawar 2.0 and the World Bank, Peshawar will open its doors to the Tech Community from all over the world on May 7-9, 2015.
The Digital Youth Summit is the biggest tech conference of Pakistan that aims at “bringing together the next generation of digital entrepreneurs”, showcasing local startups and giving access to youngsters to income-generating opportunities based on Information and Communication Technologies.
Over the past two years the World Bank has been partnering with Peshawar 2.0 and the KP IT Board to explore new income-generating opportunities for the youth of KP. While talent and creativity are abundant, for many years the Province of KP has been severely affected by social conflicts and terrorist attacks that have deteriorated the investment climate, prevented the private sector for investing more in KP, led to high youth unemployment rate.
In this context of uncertainty, two “non-traditional” sectors have been identified as both attractive for youngsters and growing at global level while providing new opportunities: tech entrepreneurship and on-line work.
Thanks to its low entry barriers, Information and Communication Technologies provide the tools to easily take an idea to the global market, and quickly tackle challenges such as knowledge gaps or distance. A computer and an internet connection are all you need to access a wealth of open-learning material (the success of free portals such as Code.org, Khan Academy and Coursera are great examples) and, for instance, serve clients from different geographies as e-lancer (an e-lancer is an on-line freelancers – have a look at Elance.com trends).
Peshawar 2.0 and the KP IT Board have a clear vision: to take Peshawar to the next level and make it the city of Technology, Design and Arts, and the World Bank has been supporting their efforts. Peshawar 2.0 is a youth-led organization, they are working with the local government to build a movement of innovators and creators that embrace technology and encourage others to do so. The rationnel is very simple: a change of mindset is needed - venture out and use you talent to start your own business or serve clients from all over the world.