IOI Corporation Berhad (IOIC) successfully held its first inaugural Annual Innovation Convention (AIC) 2022 on 13 January 2022 with the participation of 13 teams from different business units within the Group.

Each participant had challenged themselves to meet IOIC’s Innovation Core Value which encourages employees to embrace new technologies and different ways of doing thing. They showcased their latest innovations and continuous improvements efforts in their products, processes, and organisational innovations.

IOI Group's Managing Director and Chief Executive Dato’ Lee Yeow Chor said: “Innovation should not be looked at merely as being creative or clever ways of doing things, but instead we should analyse innovation in terms of the value that it can create to the companies, customers or stakeholders, over and above its costs. In essence, the value should be over and above the cost of the innovation.”

The AIC was a fruitful event and yielded many impressive ideas from the teams.