06.04.20 - 06.05.20
Hear Global Insights, Trends and Solutions presented by Leaders,
Disruptors and Luminaries from the world's leading Brands,
Companies, NGOs, Trade Associations and Public Sector with
topics including AI for Good, Cloud, Disruption of Aging,
Accessibility, Data for Good, Entrepreneurship, Cloud,
Blockchain, Workforce, Finance, Technology, Media, Hospitality,
Education, Health, Innovation, Science, Global Policy, Film, and
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"I have sustainable
development in my
blood"- Chantal Line
pictured in front of
her UN SDG
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P E T E R F A T E L N I G : M I N I S T E R - C O U N S E L L O R F O R D I G I T A L E C O N O M Y
P O L I C Y C H E Z D E L E G A T I O N O F T H E E U R O P E A N U N I O N T O T H E U N I T E D
S T A T E S S I T S D O W N W I T H I D E A G E N A N D T A L K S T E C H
George: Peter, can you tell us a little bit about how you helped to drive forward internet
innovation policies within the European union?
Peter: If you allow me one, once more sort of, a bit of a flashback of my career, I started as a
junior engineer and my first job was with Texas instruments at the semiconductor fab factor in
Germany. I wanted to get into this really cool business. That was really top line top-notch
engineering. At that time, I wanted to know that technology and to learn that business and fabs,
where at that time and place you could walk into. I worked in there with protective care and
products were handled manually shifted from machine to machine and for the various next
processing steps. There was a lot less software at that time. A lot less process driven, software.
When you go into factory today, it's just one big machine, the size of a large building. It's sealed
off fully automatic robots moving everything, software's controlling everything. Everything
costs you 5 billion before you get the first Silicon out of such a factory. So, what we have seen
is that the last 30 years software really has eaten the world. And I think this is something we
have to appreciate because there are profound implications. This is just the way things are
today. It's not what I whether I like it or not. Doesn't matter. It's this is the way things are. And
the more we can recognize the pros and cons the better, I think we will be able to move forward.
George: That's right. That's right. And after such a long career in the tech industry and dealing
with technology, how has your background really helped to inform and affect, a key role in
helping us to overcome this, this global situation with the pandemic? How do you see
technology playing a role in that?
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E X C E R P T F R O M P O W E R C H A T W I T H G E O R G E S I F A K I S A N D P E T E R
F A T E L N I G C O N T I N U E D . . .
Peter: Before, we look into the future, let's maybe look a little bit back, you know, uh, let's see,
what, what is it play already? So, we have today an exchange of information, which is
unprecedented. The public sector has a lot of information at their fingertips. governments
around the globe communicate within seconds. So there is a strong interaction with
citizens.Citizens are part of that, of that living through the pandemic as never before. We have
all the information and statistics available, updated every few seconds on a variety of websites.
So I think that the level of information is, is very different. What we have today, there is
research ongoing in the background, high performance computers are being tasked to model
drugs, for finding treatments, and for vaccines. That hasn't happened before, but it's happening
as we speak right now around the world, not just here in the US, that happens in China, in
Europe, in India and in other places.
Contact tracing is probably the next thing, which is going to cost billions of dollars. Thousands
of people who are tracing people across the country, trying to give them a ring and then they are
not home or whatever. So there's a lot more we can do. So if we, if we think longer term, I have
the feeling we ain't seen nothing yet. Uh, and, and one of the things I can clearly see coming in,
in managing that Ben dynamic and mustering a similar situation is artificial intelligence. We
will see that this technology will be added to essentially every product and service and AI is
providing today already services specialized for addressing the challenges of this pandemic. Let
me tell you about a German company. It's a small startup. They developed software for spotting
cancer on lung's CT scans. There are many companies doing out there, they claim to be very
good. Now the people did within a fraction of a second in spotting covid 19 on lung CT scans.
And that's being integrated as we speak into the hardware or into the scanner by Siemens and
act for worldwide. So there's a lot of really cool stuff through this crisis coming into, into the
products and services.
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