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Status Report on the eBusiness Revolution
| Speaker : |
Dr. William H. Janeway
Vice Chairman of Warburg Pincus |
| Date: |
28 September 2000 (Thursday) |
| Time: |
6.00pm - 7.30pm (Light refreshments
will be available from 5.30pm to 6.00pm) |
| Venue: |
Hon Sui Sen
Auditorium |
Abstract
The rapid evolution of distributed computing over the
past twenty years has enabled a revolution in business
processes and architectures. The migration from client/server
computing to the initial, narrowband Internet took a decade.
Now the third and fourth generations of distributed computing
- broadband and wireless - are simultaneously accelerating.
In consequence, the application of information technology
is being turned inside out: from automating internal processes
to providing external access for customers, suppliers
and collaborators. In the domains of both IT and business
architectures, we see "Star Wars" being enacted: the Rebel
Alliance is generating continuous innovation at the periphery
of the established, centrally controlled Empire. As throughout
the history of capitalism, technology-driven economic
transformation has been funded by an ad hoc mix
of public sector subsidy and private sector "irrational
exuberance".
Distributed computing, as exemplified by the Internet,
is replaying the history of electrification one hundred
years ago: first come the development and deployment of
reliable, scalable generation and distribution facilities
followed by the extended process of understanding how
business processes can be re-invented to leverage the
new infrastructure. The early adopters win transient economic
advantages that are then competed away ever more rapidly.
So is already proving to be the case for the first generation
".com" businesses. For all businesses, the impact of IT-driven
change on business architectures is forcing three new
imperatives to the fore:
- Intense Focus on core, value-adding functions;
- Transformation of IT from a staff to a line function;
- Component Assembly of eBusiness Applications.
Those who master these new disciplines will survive and
even thrive through the eBusiness Revolution.
About the Speaker
Dr Janeway is currently the Vice Chairman of Warburg Pincus,
a major global private equity investment firm managing
approximately US$9b of investments, with a further US$3b
available for investment. Warburg Pincus has so far raised
8 private equity funds since 1971. A 1965 graduate of
Princeton University, Dr Janeway obtained his doctorate
at Cambridge University in 1971. He is a member of the
Board of Directors of APP Group, BEA Systems, Inc., Indus
International, Inc., Industri-Matematik International
Corp., Radnet, Inc. and VERITAS Software Corporation.
He is also the Trustee Director for the New School University,
Social Science Research Council. His experience encompasses
over twenty-five years of practical finance in investment
banking and venture capital. He is also serving as Head
of the Technology Group of Warburg, Pincus Ventures, Inc.
Since joining Warburg, Pincus in 1988, he has focused
the firm's technology investment activities on distributed
computing, now radically extended by the commercialization
of the Internet. Under his leadership, Warburg, Pincus
has funded leading providers of eBusiness infrastructure
including BEA Systems and VERITAS Software.
We are pleased to invite you and your colleagues to attend
the talk.
As there are limited number of seats available, please
register for the talk
via email to Joanne
(cmtsimbh@nus.edu.sg) or Fax: 873 7809,
with your name, designation and company/institution (and
email if via fax),
by 26 September 2000.
Admission is free. |
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