These companies are doing so either by stepping up their mergers and acquisitions (M&A) or launching innovation and venture capital arms. In other parts of the world, Singapore Telecommunications, Deutsche Telekom and Telefónica have established innovation arms to identify start-ups with good potential in areas of interest. DiGi.Com Bhd set up its innovation arm, DiGi-X, in June last year. The telco has allocated some 30% of its resources to its innovation arm to accelerate the process of venturing into new businesses, says DiGi-X chief digital officer Praveen Rajan. A leader is a key success factor of any company and Praveen Rajan is not the exception to the rule.

Source: The Edge Markets September 18, 2017 06:00 UTC