Oracle hosted its Impact Technology Summit in Nairobi
Kenya’s capital city, Nairobi, hosted Oracle’s Impact Technology Summit on 11 September.
The summit focused on the implementation of emerging technologies – such as artificial intelligence (AI), Internet of Things (IoT), and blockchain.
The event also targeted how technologies, such as cloud computing, could be administered into everyday life.
“Emerging technologies, including Artificial Intelligence (AI), the Internet of Things (IoT) and Blockchain are changing the way companies do business at every level, across every function, in ways we are only starting to imagine,” stated Corine Mbiaketcha Nana, Oracle’s Managing Director of the Kenya Hub covering East, Central and West Africa.
“The cloud is the engine that enables businesses to innovate faster, improve customer engagement, drive business-process efficiency, and accelerate digital transformation. It is the enabler of emerging technologies such as AI, Machine Learning and Blockchain.”
Firms such as the Kenya Revenue Authority (KRA) have already begun driving technology in their operations.
KRA has introduced Oracle Customer Relationship Management (CRM) to push its innovation strategy for enhanced services.
“It’s time to stop thinking about emerging technologies as scary or disruptive challenges business needs to overcome,” continued Mbiaketcha Nana.
“Business leaders must move beyond the vision they have for technology in their organisation and start to explore the practical steps they can take to make innovation something they do every day. Most businesses, if not all, should be excited about these new technologies.”
5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly
Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.
Here, Business Chief talks to Janthana about her leadership style and skills.
What do you do, in a nutshell?
I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.
How would you describe your leadership style?
I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.
What’s the best leadership advice you’ve received?
Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.
How do you see leadership changing in a COVID world?
I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.
They say ‘from every crisis comes opportunity’, what opportunities do you see?
The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless.
What advice would you give to your younger self just starting out in the industry?
Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.