Innovation key to survival: DNCC mayor
The new generation of entrepreneurs will find it a challenge to sustain their businesses amidst the fourth industrial revolution, so they will have to be more innovative and intelligent, Mayor of Dhaka North City Corporation Atiqul Islam said yesterday.
Some entrepreneurs are already using robotic systems and 3D printing in their businesses, he said, suggesting faster adoption of artificial intelligence to achieve a competitive edge.
He also emphasised keeping focus on supply chains and growing the habit of analysing data. “We have to develop virtual skills for business sustainability as business patterns are changing rapidly.”
He spoke at the inauguration of the “First Business Leaders’ Carnival 2019” at International Convention City Bashundhara in the capital.
He also stressed the need for reducing wastage and production costs in garment manufacturing through the replacement of traditional washing systems.
“We can’t compete with global competitors in costing despite having cheaper labour and everything.”
The ozone denim systems widely adopted around the globe is making the difference, as the waterless denim processing technique brings down wastage to zero, he said.
The textile industry in Bangladesh is gradually adopting the use of ozone in denim and garment washing alongside decomposing dyes and providing bleaching effects.
Yesterday’s programme was organised by human resource development organisation Society for Leadership Skills Development and event organiser AN AFFAIRS to bring together young professionals in order to spread knowledge and create a network.
Musharraf Hossain, founder president of the Federation of Bangladesh Human Resources Organisations, said manufacturers would have to offer products of global standards to compete in the international market.
The event’s adviser, Lt Gen (retd) Mainul Islam, said there is no specific training for attaining leadership. “It’s a quality that had to be achieved.”
He also criticised the way teachers are appointed in universities, saying educational qualifications got priority whereas being a good student does not ensure possession of the skills required for imparting knowledge.
The event organisers awarded 10 businesspersons recognising their leadership in different fields.
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