On June 23, 2016, CCC hosted the Executive Day with Dr. Stephan Sigrist at the Austria Trend Hotel Park Royal Palace in Vienna. Afterwards, the company celebrated its 18th Anniversary at the Gloriette in the park of Schönbrunn castle with around 150 international guests.
Innovation in the age of the digital economy
At the 5th CCC Executive Day, Dr. Stephan Sigrist, founder and head of the Swiss think tank W.I.R.E., talked about future trends and their opportunities and risks for the society and business world in an interactive presentation.
At the beginning of his speech, Dr. Stephan Sigrist provided a comprehensive picture of the current background situation against which digital change and technological innovation happen.
“We live in times of political instability, with tendencies towards automated labor and global competition from Asia and the Silicon Valley. Factors such as these lead to a complex situation in Europe with vast social insecurity”,
said Sigrist.
According to the futurologist, upcoming trends cannot be predicted due to this enormous complexity. However, an understanding and feeling for them can be developed. Segmentation and a focus on certain topics are important for identifying the driving forces of change.
Dr. Stephan Sigrist explained his “Theses on the official and the unofficial future of the digital economy”, highlighting the ambivalence of its developments.
Technological developments are changing all the important social areas such as mobility, media, healthcare, or finance.
A greater amount of data help create greater transparency, increase efficiency and enable personalized information and customized offers to consumers. Intelligent machines and Smart Homes transform both the way we live and work. The vision of these developments is a “perfect capitalism”, in which supply and demand are congruent.
At the same time, the enormous amount of data that is produced day by day can no longer be processed even by machines and therefore leads to poorer results:
“2 billion smartphones produce 20 petabytes of data per day. This is more than we can store and process. Even self-learning algorithms are not able to capture this growing complexity. “
The consequences are uncertainty, superficial knowledge, standardization, loss of control and a reduced ability to differentiate.
The final conclusion of Dr. Stephan Sigrist therefore is:
“Strengthen your interactions in the real world and eliminate technology where it is not efficient. Common sense and values will help us to successfully shape these complex times. Be open and stay critical!”
During the breaks, Dr. Stephan Sigrist signed the current W.I.R.E. publication “Mind the Future” – a toolbox and compendium for contemporary trends in all areas of society.
About the Executive Speaker:
Dr. Stephan Sigrist, founder and head of the W.I.R.E. think tank, has spent many years analyzing interdisciplinary developments in business and society, focusing on trends in the healthcare system and life sciences, among others.
He is the publisher of the ABSTRAKT book series, author of a number of publications and a keynote speaker at international conferences. With W.I.R.E., he advises companies and institutions in the political and scientific spheres on the development of long-term strategies and innovation projects.
Read more at: www.thewire.ch
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