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Annual Technology Debate

This house believes that mobile devices and social media are a risk to business. # cisicpd. Annual Technology Debate. Panellists. FOR THE MOTION AGAINST THE MOTION

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Annual Technology Debate

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  1. This house believes that mobile devices and social media are a risk to business #cisicpd Annual Technology Debate

  2. Panellists FOR THE MOTIONAGAINST THE MOTION Mark Johnson Tim Hooley Chairman Global Head of Investment Research Technology The Risk Management Group Goldman SachsJonathan Coad Tom BuchananPartner Senior PartnerLewis Silkin Maitland Communications Chairman : Martin Watkins, Chartered FCSI, Director, Ernst & Young LLP #cisicpd

  3. #cisicpd Mark JohnsonChairmanThe Risk Management Group

  4. Social media explained I’m eating chips now! Learn why chips secretly rule the world I like chips My skills include chip eating Explore the history of chips I normally eat chips here Find places for chips Next week I’ll eat them here Watch my chip eating demo Other people’s great chip pics A picture of my chips

  5. Traditional Media Distribution channel or medium Content consumers Print One Way Flow Content producer Radio TV/Film Web 1.0 Editorial standards and regulatory controls

  6. Web 2.0 Bidirectional Distribution channel or medium The content producers ARE the consumers Blogs Content Hosts Content Hosts Content Hosts Content Hosts Tweets Content Hosts Unlimited in number & global in reach Complex social networks Videos Images Almost no editorial standards or regulatory controls

  7. Key considerations • Disclosures • Identity • Brand and reputation • Digital evidence: • Access • Reliability • Malware risks

  8. #cisicpd Tim HooleyGlobal Head of Investment Research Technology Goldman Sachs

  9. The Goldman Sachs Research iPad app offers Goldman Sachs’ corporate and institutional clients easy access to Global Investment Research content anywhere, anytime • Direct access to our home page which centralizes a cross-section of our global research, carefully selected daily (and updated as each region’s markets open) • Thematic and topical research aggregations so you can quickly get a read across all of our research on that subject • Access to recorded analysts’ webcasts giving greater insight into key pieces of published research • Search functionality that accesses all Goldman Sachs Research publications • A quick search feature - “find more like this” - included in each document • Goldman Sachs Research on the iPad may be read online, saved within the application or into iBooks for reading offline • Search for ‘GS Research’ on the App Store - you only need your email address to connect

  10. #cisicpd Jonathan CoadPartnerLewis Silkin

  11. IT’S WILD OUT THERE IN CYBERLAND! • Nature of online publication • Instant, free, easy - often done without consideration • Anyone can do it – we are now all publishers via the social media; without checks, controls or an in-house legal team • Far-reaching and global (2012 – 34.3% of the world’s 7bn+ population are online) • Anonymity (but sue the ISP/platform or obtain order disclosing identity) • Increasingly the source of copy for newspapers, news agencies, broadcast news, news websites etc • Sally Bercow – 60,000 twitter followers • Twitterati defeated Giggs injunction

  12. SOME C21 STATISTICS • Traditional -v- Social Media • The Times: 5.5m print readers in the UK (2012) • The Sun:2.4m print readers in the UK (2012) • Facebook: 33m UK accounts in 2013 (53% of the UK population) • Twitter: over 1 billion tweets per week (2013, worldwide)

  13. Corporate Reputation “the most important measure of success” (World Economic Forum) World Economic Forum Survey found corporate brand or reputation represents more than 40% of company’s market capitalisation (Business Ethics Magazine) "If I was down to my last dollar, I'd spend it on public relations." Bill Gates “Many savvy companies are starting to realize that a good name can be their most important asset—and actually boost the stock price” (Bloomberg) CORPORATE/BRAND REPUTATION – YOUR MOST IMPORTANT ASSET

  14. The consequences of inaction!

  15. #cisicpd Tom BuchananSenior PartnerMaitland Communications

  16. HOW TO VOTE STEP 1 Select your alphabetic option – initially using the scroll down then up button STEP 2 Press the send button to register your decision

  17. “This house believes that mobile devices and social media are a risk to business.” A – Agree B – Disagree #cisicpd

  18. Behaviour Accountability Opportunity Technology risks Law of unintended consequences #cisicpd V1 Panel discussion

  19. Behaviour Accountability Opportunity Technology risks Law of unintended consequences #cisicpd V2 Panel discussion

  20. Behaviour Accountability Opportunity Technology risks Law of unintended consequences #cisicpd V3 Panel discussion

  21. Behaviour Accountability Opportunity Technology risks Law of unintended consequences #cisicpd V4 Panel discussion

  22. #cisicpd In summary

  23. HOW TO VOTE STEP 1 Select your alphabetic option – initially using the scroll down then up button STEP 2 Press the send button to register your decision

  24. “This house believes that mobile devices and social media are a risk to business.” A – Agree B – Disagree #cisicpd

  25. #cisicpd Thank you

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