Permodalan Nasional Berhad (PNB) recently invited key players in the tech industry to a panel to discuss the topic of “Adopting Fail-Fast Philosophy To Achieve New Innovation”.
The event featured influential figures such as Patrick Hew, Chief Technology Officer of Paywatch, Ravinder Singh, Co-Founder & Chief Commercial Officer of AQM Technologies, and iMoney’s very own Chief Executive Officer, See Wai Hun. En Reza bin Baharin, PNB’s Head of Fixed Income was also present as the moderator of the discussion.
During the event, the panel covered a number of topics relating to fail fast culture. These include, encouraging experimentation, learning through quick iterations, being accepting of failure, as well as having the will and foresight to learn from any failure.
Here are some of the interesting key takeaways that came out of the discussion:
It only takes one person to initiate change
iMoney CEO, See Wai Hun shared this insight during the panel discussion. She explained how companies often have a prevalent culture that permeates throughout the entire organisation.
This means that if one part of a company is risk-averse, you will likely find that the rest of the company is similarly cautious. She pointed out that people within the company are shaped by their environment. In order to encourage a more diverse culture and mindset amongst the organisation, change must happen.
