Saturday, November 27

Euronews discussions | Benefit vs Public Good: How Can Innovation Benefit Everyone?

The technology faces more rigorous scrutiny after a former Facebook employee turned whistleblower accused the company of knowingly choosing profits over public safety, providing thousands of internal documents to back up the claims.

As calls for more regulation intensify, citizens, policy makers and innovators are asking: how can we ensure that technology serves the public good without stifling innovation?

This will be one of the central questions of our last Euronews debate on Tuesday, October 19 at 3:00 p.m. CEST. Follow him live on this page.

Our experts will discuss how different types of companies develop and implement technology and innovation, as well as answering the question of whether it can be profitable and for the public good.

You can submit your burning questions about the future of the digital economy for our panel to address during the live debate in the form below:

Innovation is driving today’s global economies. The deployment and use of technology is seen as key to driving productivity and growth while reducing the impact on the planet’s finite and precious resources. With this, should come wealth, increased living standards, and a positive impact on society. That’s the theory. But with most of the innovation driven by the private sector, who is really benefiting?

Pre-pandemic investigation found that “the digital economy is worth $ 11.5 (€ 10) trillion globally, equivalent to 15.5 percent of global GDP and has grown two and a half times faster than global GDP over the past 15 years”.

COVID-19 and the new digital habits it spawned have further strengthened the profits and power of tech giants, with the five largest companies – Amazon, Apple, Google, Microsoft, and Facebook – in April reporting a combined revenue of more than 1.04 billion euros.

It is feared that the European digital economy is lagging behind other parts of the world. Data released by the World Intellectual Property Organization showed that Chinese and American companies account for about 85% of AI-related patents globally.

But the old continent is a pioneer when it comes to setting the standards that govern the technologies of tomorrow, with innovative laws around data protection and privacy. The Digital Services Law, a new legislative proposal from the European Commission, aims to regulate illegal content online, including hate speech, increasing the responsibility of the platform.

However, as governments nurture and fertilize innovation through finance and education, the practical role of the public sector in driving technological change may be limited.

With so much power in the hands of private companies, how in tune are they with the mood of today’s society in general? Those who want to know more and more that new technologies are safe, good for the environment and that they do not violate their privacy or human rights. And all this in a world of misinformation and loss of trust.

What is driving the private sector to invest heavily in R&D? Is it possible for innovation to increase profits and the public good? What role should policy makers have in the future to ensure that innovation benefits everyone? What kinds of collaborations are we seeing already?

Join us for our latest Euronews discussion, when we will pose these questions and more to the special guest panel below.

Meet our panel

Annalize Eggimann, Executive Director, Innosuisse – The executive of the Swiss Innovation Agency supports Swiss startups, promoting science-based innovation for the good of the economy and society in Switzerland.

Tommaso Di GiovannI, Vice President of International Communications, Philip Morris International – The work of the corporate communications specialist focuses on creating global awareness of the opportunity presented by innovation, science and technology to achieve a smoke-free world.

Andrew Smith, Professor of Consumer Behavior and Director N / LAB, University of Nottingham School of Business – The academic specializes in psychology and consumer behavior, with a focus on ethical decision making.

Elena Bou, Director of Innovation, EIT Innoenergy – The researcher, practitioner and professor of innovation founded the European incubator EIT InnoEnergy in 2010. Since then, the company has supported nearly 500 startups in the field of sustainable energy, including two unicorns.

Damon Embling,Euronews Moderator – Damon is a seasoned broadcast journalist with over 20 years of professional experience gained in the UK, Europe and around the world. At Euronews, he produces and hosts programs regularly, with a focus on business, travel and tourism, and technology.

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