2013 Was An Amazing Year of Progress for Shared Economy, Says California Women's Network
Quarterly keynote speech highlights progress, risks and opportunities in P2P rentals
LOS ANGELES, Dec. 13, 2013 /PRNewswire/ -- It has been an amazing year of progress. The world is constantly changing, and we must keep up with those changes so the next generation of business leaders prepared to solve a range of global problems.
Julie Davis, executive director of TechAssure Association provided the guest keynote speech at the quarterly California Women's Network Group meeting, held in Los Angeles, California. The year ended with a chapter event, highlighting the products and services that P2P exchanges are developing to address a wide range of services. Everything from car sharing to real estate sharing and in-between. Anna Smith, president of the California Women's Network, "We are happy to have Julie back to California to present at our final event of 2013. The sharing economy needs special attention." The event attracted over 50 firms including major universities, UCLA and University of California Irvine.
As one of the fastest growing technology segments, the sharing economy is expected to grow over $110 billion in 2014. The sharing economy includes car sharing, ride sharing, real estate sharing, renewable sharing of recreational goods, labor and task sharing.
The Los Angeles event highlighted ways that the sharing economy is unlocking avenues for government, private sector and social enterprises to work together to solve some of our toughest challenges. Improved technology, changes in business and social needs are driving growth for collaborative sharing firms. But the opportunities in the robust peer-to-peer market comes with significant challenges.
During the keynote presentation, Julie Davis, executive director of TechAssure Association, presented "old world and new world" strategies for helping sharing economy firms manage risks so they can make the most of opportunities. Risks and opportunities range on a wide scale for sharing economy firms. Many have strategic risks. Those are risks associated with their business model, joint ventures, lack of access to capital markets and cash strain. Some have operational risks. Those are risks associated with reputation, resources and internal controls. Most are impacted with legal and compliance risks. Regulatory, legislative and political exposures weigh heavy on firms trying to succeed at providing solutions to solve our society's toughest problems.
In addition, trust and safety rank high on the risk pendulum. "Trust is by far the most important factor in the share economy. Before you hand over those keys to your house or car to that renter -- or leave your child with that babysitter, you really need to know something about them. All the speed, convenience, and cost savings of the shared economy doesn't matter when you don't have the confidence in the stranger you're transacting with," said Xin Chung, CEO of TrustCloud.
More information on the conference material can be found at the following contact information links.
Anna Smith, President, California Women's Network Group, 408-439-2654, Email, Meetup Group can be found at: http://www.meetup.com/ATX-Womens-Network-Group-Austin-Texas/
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SOURCE California Women's Network
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