As technology advances at an unprecedented pace with AI at the forefront of it, a crucial question emerges: How can humans and AI coexist harmoniously while upholding principles of integrity and ethics?
Themed ‘Fostering Integrity in Business Innovation’, the 8th International Innovation Awards (IIA) aimed to answer this crucial question. Held at W Kuala Lumpur, Malaysia, on Nov. 29, 2024, the event honored 51 groundbreaking innovations, inspiring a future where innovation and ethics go hand-in-hand.
Since 2017, Enterprise Asia’s Innovation Revolution movement has been driving innovation across the region. The International Innovation Awards (IIA), a key pillar of this movement, recognizes outstanding innovations, and in the process, encourages organizations to continue investing in innovation. This year’s event brought together innovators from various countries across the globe.
The IIA 2024 began with a riveting welcome address from Enterprise Asia’s Vice-Chairman, Datuk William Ng. “Innovation without integrity risks eroding trust, while integrity without innovation risks stagnation. But when paired together, they have the power to create meaningful, sustainable advancements that benefit not just businesses but society as a whole,” he said, highlighting the significance of integrating ethics and accountability when innovating to shape a better future for all.
The awards program garnered submissions from a global pool of participants, hailing from over 19 countries and markets such as China, Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Thailand, the United Arab Emirates, the United Kingdom, the United States and Vietnam, just to name a few. A rigorous selection process, involving a distinguished panel of judges, narrowed down over 200 applications across three categories: Product, Service & Solution, and Organization & Culture.
Organizations recognized with the coveted ‘InnoCube’ award in the Product Category include Sinox Company Ltd. from Taiwan for its Sinox Locking Kickstand, an intelligent e-bike security solution; One Venture Co., Ltd. from Thailand for the Happy Noz: Organic Runny Nose Relief Patch; and Dow, Inc. from China for Dowsil™ 650+ Protective Peelable Coating.
Winners under the Service & Solution category consist of corporations such as DEWA from the United Arab Emirates for its Albunya Alraqameya Enterprise Architecture initiative; the United Kingdom’s PwC (PricewaterhouseCoopers International Limited) for PwC’s Next Generation Audit Data Capabilities: Acquisition Hub And Data Pro; and Ace Edulink Co., Ltd. from Taiwan for the ACE Teaching Plus app, which allows teachers to deliver lessons seamlessly and efficiently on one shared app.
Winners under the Organization & Culture category include Thai Smile Bus Co., Ltd. from Thailand with its ‘We Can Make The World Better Together’ initiative, which ensures a customer-centric approach; Taiwan’s Far Eastern Big City Shopping Malls Co., Ltd. and its ‘Big City: Art and Health Culture Hub’; and AIA Bhd.’s ‘Agility Unleashed: Transforming Culture at Scale in AIA Malaysia’.
A pre-event to the awards ceremony, the International Innovation Summit (IIS) 2024 took place earlier in the day. Themed ‘Humanizing AI in Business’, the summit explored how AI can be harnessed to create more meaningful, human-centered business practices. The Secretary General of the Ministry of Digital Malaysia, YBhg. Fabian Bigar, kicked off the summit with a thought-provoking keynote address on how AI can improve customer experiences and promote responsible business practices. He also announced the establishment of the National AI Office (NAIO) by the Government of Malaysia, set to launch in December 2024. The NAIO will develop AI policy, foster AI innovation, and drive research into next-generation AI technologies.
Other speakers at the summit included Jakkris Tangkuampien, Corporate Innovation Coach of Ekipa Consultancy; Datuk (Dr.) Nora Manaf, Former Group Chief Human Capital Officer of Maybank; Makoto Shibata, Head of FINOLAB and Chief Community Officer; and Dr. Maria Singson, IBM’s Vice-President of APAC Technology & Customer Success.
Supporting partners of the International Innovation Summit (IIS) and International Innovation Awards (IIA) 2024 are the Canadian Chamber of Commerce in Malaysia; CCI France Malaysia; Kuala Lumpur Malay Chamber of Commerce; Malaysian Alliance of Corporate Directors; Myanmar Business Executives Association; Malaysian-Thai Chamber of Commerce; National Institute of Entrepreneurship and Innovation; Small and Medium Enterprises Association; Singapore-Thai Chamber of Commerce; and Strategic Public Relations Group. Media Partners include Bangkok Post; BusinessWorld; Commercial Times; Dailywire.asia; Hong Kong Economic Times; and SME Magazine. Lastly, Unilever Malaysia was the Door Gift Sponsor.
FULL RECIPIENT LIST OF THE INTERNATIONAL INNOVATION AWARDS (IIA) 2024
PRODUCT CATEGORY
COMPANY
WINNING INNOVATION
COUNTRY/ MARKET
BANK SINOPAC
DACARD APP
TAIWAN
BINUS UNIVERSITY, INDONESIA
GALAXION — AUTOMATED GRADING SYSTEM FOR DATABASE COURSES
INDONESIA
BRIM BIOTECHNOLOGY, INC.
BRM421, AN INNOVATIVE REGENERATIVE PEPTIDE FOR DRY EYE DISEASE
TAIWAN
CATHAY FINANCIAL HOLDINGS CO., LTD.
CAAS (CATHAY AS A SERVICE)
TAIWAN
CHUBB LIFE ASSURANCE PUBLIC COMPANY LIMITED
678 STEP SAVING
THAILAND
DOW, INC.
DOWSIL™ 650+ PROTECTIVE PEELABLE COATING
CHINA
GENEUS GENETICS CO., LTD.
GENEUS DNA
THAILAND
GREENYN BIOTECHNOLOGY CO., LTD.
ANTROMAX
TAIWAN
GREENYN BIOTECHNOLOGY CO., LTD.
CRASSOCEPHALUM RABENS (CR) EXTRACT
TAIWAN
GREENYN BIOTECHNOLOGY CO., LTD.
MCIRBP™-19
TAIWAN
MILOTT LABORATORIES CO., LTD.
SMART INTELLIGENT HYBRID SUNSCREEN SPF50+ PA++++
THAILAND
ONE VENTURE CO., LTD.
HAPPY NOZ : ORGANIC RUNNY NOSE RELIEF PATCH
THAILAND
PET PROTECT CO., LTD.
KASTY EXTREME TOFU CAT LITTER
THAILAND
PET PROTECT FOOD CO., LTD.
KANIVA WET FOOD WITH VITAMIN BALLS
THAILAND
PT PEGADAIAN
GOLD BACK STABLECOIN GIDR
INDONESIA
PWC (PRICEWATERHOUSECOOPERS INTERNATIONAL LIMITED)
PWC’S NEXT GENERATION AUDIT: PREDICTIVE ANALYTICS
UNITED KINGDOM
SINOX COMPANY LTD.
SINOX LOCKING KICKSTAND
TAIWAN
SINOX COMPANY LTD.
TABLET LOCKS RL0913(PCR 70% GREEN PRODUCTS)
TAIWAN
T-GLOBAL TECHNOLOGY CO., LTD.
ALSIC
TAIWAN
THAI HERBAL HONGTHAI CO., LTD.
HERBAL INHALANT HONGTHAI BRAND
THAILAND
SERVICE & SOLUTION CATEGORY
COMPANY
WINNING INNOVATION
COUNTRY/ MARKET
ACE EDULINK CO., LTD.
ACE MANAGER
TAIWAN
ACE EDULINK CO., LTD.
ACE TEACHING PLUS
TAIWAN
ARTISTIC BIOMEDICAL LIMITED COMPANY
BRANDED DENTAL CARE & SUPPLY CHAIN INTEGRATION
TAIWAN
BANK SINOPAC
BEE POINTS PLATFORM
TAIWAN
BANK SINOPAC
MOBILE BANKING APP
TAIWAN
CATHAY LIFE INSURANCE CO., LTD.
FITBACK
TAIWAN
CITIC TELECOM CPC
AI DATABANK
SINGAPORE
DEWA
ALBUNYA ALRAQAMEYA ENTERPRISE ARCHITECTURE
UNITED ARAB EMIRATES
DEWA
AUTOMATION MECHANISM BETWEEN METER DATA MANAGEMENT SYSTEM AND HEAD END SYSTEM
UNITED ARAB EMIRATES
DHANARAK ASSET DEVELOPMENT CO., LTD.
GovComplex
THAILAND
DUBAI COURTS
EFSAH
UNITED ARAB EMIRATES
ELECTRICITY GENERATING AUTHORITY OF THAILAND
EleXA
THAILAND
GLOBAL MALL CO., LTD.
GLOBAL MALL EMPOWERING STORES WITH DIGITAL SERVICES
TAIWAN
INFORMATION MANAGEMENT CENTER, NEW TAIPEI CITY GOVERNMENT
NEW TAIPEI CITY GOVERNMENT PUBLIC VENUE RENTAL SYSTEM
TAIWAN
KGI LIFE INSURANCE CO., LTD.
KGIL APP
TAIWAN
KRUNGTHAI BANK PCL
KRUNGTHAI GREEN & ESG-LINKED FINANCIAL SOLUTIONS
THAILAND
KRUNGTHAI-AXA LIFE INSURANCE
EMMA BY AXA
THAILAND
MEDIDATA SOLUTIONS INTERNATIONAL ASIA PACIFIC PTE. LTD.
CLINICAL DATA STUDIO
SINGAPORE
MINDCHAMPS
MINDCHAMPS PATENTED EDUCATION METHODOLOGY
SINGAPORE
PCA LIFE ASSURANCE CO., LTD.
COMMAND CENTER IN PRUDENTIAL TAIWAN
TAIWAN
PWC (PRICEWATERHOUSECOOPERS INTERNATIONAL LIMITED)
PWC’S NEXT GENERATION AUDIT DATA CAPABILITIES: ACQUISITION HUB AND DATA PRO
UNITED KINGDOM
SHIN KONG LIFE INSURANCE CO., LTD.
G.P.S (GREEN POLICY-ANALYZER SYSTEM)
TAIWAN
THAI SMILE BUS CO., LTD.
EV BUS AND BOAT MASS TRANSPORTATION
THAILAND
THE ZOOLOGICAL PARK ORGANIZATION OF THAILAND
“ZOODIO” INNOVATION LIVE STREAMING PLATFORM
THAILAND
UNIQUE IDENTIFICATION AUTHORITY OF INDIA
FACE AUTHENTICATION
INDIA
YUNG CHING REALTY GROUP
I ASSISTANT
TAIWAN
ORGANIZATION & CULTURE CATEGORY
COMPANY
WINNING INNOVATION
COUNTRY/ MARKET
AIA BHD.
AGILITY UNLEASHED: TRANSFORMING CULTURE AT SCALE IN AIA MALAYSIA
MALAYSIA
COSDENT COMPANY LIMITED
COSDENT SMILE DESIGN
THAILAND
FAR EASTERN BIG CITY SHOPPING MALLS CO., LTD.
BIG CITY: ART AND HEALTH CULTURE HUB
TAIWAN
KFU COMPANY LIMITED
SUPER 60 PROJECT
THAILAND
THAI SMILE BUS CO., LTD.
WE CAN MAKE THE WORLD BETTER TOGETHER
THAILAND
Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.
Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.
