C RO S S
Conference DAY 2
ChinTay Shih
Moving toward "Innovation Economy" - Taiwan's challenge.
The third keynote speech was delivered by Professor Chin-Tay SHIH from College of Technology Management, National Tsinghua University in Taiwan. In his speech, “Moving toward “Innovation Economy” – Taiwan’s Challenge”, he shared the story about how Taiwan has been building its IT industry for these past thir ty years to become the backbone of the country’s economy and one of the leading suppliers to the world market. As the pace and landscape of the IT market changed over time by innovation made by the market leaders nowadays, Taiwanese IT industry faces a huge challenge to maintain its position in the world market. Professor Shih mentioned the need for a paradigm shift, suggesting that service innovations could be the new engines for Taiwan’s economic growth; requiring changes in many layers from the macro to the micro level. 42 42