Last month, we attended the Tech London Advocates & Global Tech Advocates event, Future Frontiers: A New Tech Manifesto for London. Just days before a mayoral election, the event was positioned to set out its plans for London to remain on course as a global innovation leader, and a hub with sustained growth and competitiveness in the years to come.
Though there were so many insights, we want to highlight a few key takeaways from the event.
✅ Focus on Digital Literacy: Sana Khareghani, former head of UK Government Office for AI, predicts that we’ll be carbon neutral due to tracking and pricing, and using responsible AI to help us live healthier. However, she stressed that we need to increase digital literacy – China has already added AI to their curriculum 7 years ago.
✅ Reduce Turnover: Having grew Academy from 50 to 1000 people, Cofounder & CEO Ashley Ramrachia, highlighted that the key to not only hiring people, but keeping them is by offering opportunities for growth.
✅ Nurture Home Talent: On a panel discussing London’s emerging role as a space for tech excellence, Amali de Alwis MBE said that we must ensure our home talent can develop the skills they need to remain happy and thrive. This way, talent will stay in London and further fuel the the city’s tech expertise.
✅ Start Building More Scaleups: Joel Perlman, Cofounder of OakNorth, pointed out that the UK is great at building startups, but not necessarily scaleups, like in the US. So how can we start scaling up? His advice to founders included:
• Focus on the profits and the robustness of your company
• Until you find product-market fit and growth, stay as lean as possible. Don't buy into the VC lie of spending money for growth
• You don't need to build a unicorn
• Work in collaboration in the office. It's not just about business, it's about emotional balance
Thank you to Russ Shaw CBE and the TLA team for hosting an inspiring and insightful event!
Check out more takeaways from the event on our blog > https://lnkd.in/egk2TtHd
#beyond42 #outandabout #techevent #techadvocateslondon
Thanks for sharing! We (and our readers for sure as well) really value the insightful contribution.