Venkat Atluri and Miklós Dietz are the guests in the latest episode of the Dinis Guarda Podcast to discuss the different aspects of their extensive professional careers and the Ecosystem Economy concept. In fact, the podcast highlights their recent collaboration on ‘The Ecosystem Economy’, a book that discusses the various aspects of the consumer-centric economy, the changing consumer trends, and the future of businesses and economies. The podcast is powered by openbusinesscouncil, citiesabc, fashionabc, and sportsabc.
Venkat Atluri Biography
Venkat Atluri is a Senior Partner and global leader of tech/telecom practice at McKinsey. With 22 years of experience in the firm, he has also co-founded and led the firm’s Internet of Things (IOT) practice. He is also an author and thought leader contributor at McKinsey, including co-authoring ‘The Ecosystem Economy: How to Lead in the New Age of Sectors Without Borders’ along with Miklos Dietz.
Venkat’s academic background includes an MBA in Strategy and Finance from the University of Chicago. Prior to joining McKinsey, Venkat held global operating leadership roles at General Electric as well as product development, management, and deployment at 3M.
He joined McKinsey in 2001 and has held many leadership positions throughout his tenure at McKinsey. Venkat co-founded and led McKinsey’s IoT (Internet of Things) Practice. He also created a group that aims to incubate new analytic and digital assets, develop innovative client offerings, and build alliances and partnerships with innovators.
He has also led McKinsey’s efforts globally for the TMT Practice to help clients fast-track and sustain transformational impact through leadership alignment, execution support, capability building, and leadership development; with a distinctive set of assets and exceptional digital-learning programs.
As an author, he has recently co-authored with Miklós Dietz ‘The Ecosystem Economy’, a book that offers a fresh perspective on how the global economy is being fundamentally transformed by the acceleration of new technology development, evolving consumer preferences and behaviours, business models and organisational and performance management constructs. He also writes regularly for McKinsey.
Outside of McKinsey, Venkat serves on the board of 1871, a not-for-profit start-up incubator. He is the current chairman of the board and a founding member of Current Water, a not-for-profit that seeks sustainable solutions to water challenges through innovation and collaboration for developing and deploying the tools, practices, and technologies to promote sustainable blue economy growth.
Besides being a thought leader at McKinsey, Venkat is a sought-after speaker at industry events, including McKinsey’s representation at the Mobile World Congress 2017, leading two panels around IOT and the Internet.
Miklós Dietz Biography
Miklos Dietz is a Senior Partner and also the Managing Partner of McKinsey & Company’s Vancouver office, where he leads the Strategy & Corporate Finance group within the global Financial Services Practice. Miklós is a certified financial analyst, a member of the CFA Organisation, a founding member of the Hungarian Society of Investment Professionals and an author. He is the co-author of ‘The Ecosystem Economy: How to Lead in the New Age of Sectors Without Borders’ along with Venkat Atluri. In 2008, Miklós was awarded the Knights Cross of Hungarian Republic, for the support to the Prime Minister in managing the global financial crisis.
Miklos holds an MPhil, finance and econometrics from University of Cambridge, a JD law from Eotvos Lorand University, and a MSc, economics from Corvinus University of Budapest.
Prior to joining McKinsey, Miklos worked as a portfolio manager at Merrill Lynch based in London, Los Angeles and New York managing both growth and value funds.
In 2001, Miklos joined McKinsey’s Budapest office, and since then he has led over 400 projects in more than 40 countries across the world, covering multiple sectors, with primary specialisation in the financial sector, and focusing on business building, strategy, innovation, digital, large scale transformation, and marketing and sales topics.
Miklós is also the Chairman of McKinsey’s Panorama, the flagship project that mines a blend of banking and financial data sources—including proprietary data—to provide wide-ranging insights into emerging strategic opportunities and sources of performance improvement. As the leader of the Panorama team, he has participated in strategy development for several of the world’s largest banks and financial regulators.
As an author, he has recently co-authored with Venkat Atluri ‘The Ecosystem Economy’, a book that offers a fresh perspective on how the global economy is being fundamentally transformed by the acceleration of new technology development, evolving consumer preferences and behaviours, business models and organisational and performance management constructs. He also writes regularly for the McKinsey Quarterly on financial technology innovation and the role of start-ups in the banking ecosystem.
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About ‘The Ecosystem Economy: How to Lead in the New Age of Sectors Without Borders’
In The Ecosystem Economy: How to Lead in the New Age of Sectors Without Borders, they look at the emerging ecosystem economy and what it means for companies used to familiar sector siloes. In the book, you’ll explore how the most successful companies in the new economy aren’t the ones that have applied old-school best practices but, instead, have adopted entirely new mindsets and approaches for a fundamentally transforming market.
As the barriers between sectors and disciplines come down, organisations everywhere will need to reshape their thinking about value propositions, competition, partnership, organisational and operating models, and performance management. The Ecosystem Economy is a personal roadmap to navigating that new world. It’s ideal for managers, executives, and other business leaders seeking fresh new strategies and practical approaches for markets that bear little resemblance to the ones that came before.
4IR: AI Blockchain Fintech IoT Reinventing a Nation by Dinis Guarda and Rais Hussin (4irbook.com)
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Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.