LG Electronics officially launched its first-ever “Innovation Council” on Tuesday, devoted to developing new insights and innovations and exploring new business opportunities. Under the slogan “The Direction of Changes in each Industry in the Post-Corona Era,” LG Electronics invited 12 future technology experts from around the world to form the “Innovation Council.”
LG Electronics’ Chief Technology Officer Park Il-pyung would chair the expert group aiming to strengthen “open innovation” in the company. The Innovation Council would listen to global experts in various future technology fields, such as future mobility, autonomous driving, big data, cloud computing, robotics, and artificial intelligence.
Invited experts include payment service provider Paypal CTO Sri Shivananda; network solution provider Cisco CTO, Kip Compton; intelligent robot startup Robust AI CTO, Rodney Brooks; vice president of cloud service provider Amazon Web Services Adrian Cockcroft; and audio equipment company McIntosh Group CTO, Jeff Poggi.
“Digital Transformation” Vision
Based on LG’s vision of “digital transformation,” the counseling office would consult experts on whether the company properly carries out its research and development innovations and programs. The group would prepare LG for the rapidly changing business environment as it explores future technologies and businesses.
Joined by a renowned expert in artificial, Baidu CTO Andrew Ng, and dean of Data Science School of Seoul National University, Cha Sang-kyun, the Innovation Council conducted its first-ever meeting through videoconference.
The group discussed future technology and industry trends in their respective fields, and successful cases of digital transformation brought about by the COVID-19 pandemic. They also tackled topics about the changes in consumer lifestyle in the new post-corona era.
During the videoconference, LG Electronics’ CEO Park Il-pyung said that the company would continuously seek to innovate and strengthen the competitiveness and capabilities of its future technologies worldwide. Park added that the network of global experts would also help boost the local economy of South Korea.