Sunday, November 27

Telefonica launches its major global ‘hub’ of innovation and talent

The president of Telefonica, José María Álvarez-Pallete, together with tennis player Rafa Nadal, at Fundación Telefónica

The opening day of the event EnlightED on educational innovation, chaired this afternoon by King Felipe VI and attended by the Minister of Education, Pilar Alegría, has been the framework chosen by the President of Telefónica, José María Álvarez-Pallete, to announce the launch of a global Innovation and Talent Hub which, according to company sources, is “a very personal bet for leading the new digital world”.

Distrito Telefónica will convert its 140,000 square meters in a network of smart buildings and connected to each other to optimize the exchange of information and technology. The project, which will have capacity for train 100,000 people each year in new digital skills, has a planned investment of 100 million euros until 2024, the year in which Telefónica will celebrate its centenary.

At the end of a conversation between the president of Telefónica and tennis player Rafael Nadal, the monarch took the floor to ask “how to incorporate innovation and how to detect talent in our society.” Alvarez-Pallete said that “the opportunity we have with the technological revolution is for talent to flourish” and called for “talent to have the best innovation to move forward.”

Álvarez-Pallete believes that “the future is present and is played out in the field of innovation and talent, because this is where people’s lives are transformed. And Telefónica wants to redouble its commitment to the future and for people with Global Hub for Innovation and Talent “.

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The initiative seeks to consolidate Telefónica as a leader in digitalisation. “Our commitment involves turning our own headquarters into a major nerve center where Spain’s leadership in the design and creation of the new digital world will be connected,” said Álvarez-Pallete.

A pioneering center

Telefónica’s goal is to create an innovative project with which to give a global response to the needs of the digital society. “It will be the leading hub of the leading company”, added Álvarez-Pallete. The new center is called to act as a point of attraction for talent and will be a pioneer in its concept and dimensions, which will reaffirm Telefónica’s role as benchmark in innovation. In addition, it will place Spain at the forefront of the world in attracting and developing technology and highly qualified professionals.

Telefónica District buildings will become a large interconnected center dedicated mainly to 5G technology, Artificial Intelligence, Smart Fiber Optics,edge computing, the algorithms of deep learning, the ‘Internet of Things’, the cloud, cybersecurity and the blockchain. Equipped with these technologies, it will be a center oriented “not only to glimpse the future, but to build it,” said the president of Telefónica.

The Hub will host, at its launch stage, about fifty first-rate technological developments with experiences based on holography, gamings, robots, connected cars, drones, state-of-the-art security and the latest advances in the so-called “hybrid classroom”.

The center will include disruptive projects such as theExperience Tank, a center to share the latest technology, or the Wayra Laboratories, a platform that provides startups development in areas such as healthcare or industry.

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Innovation and talent “are key vectors for Spain’s progress and well-being, fundamental for reducing inequalities, creating jobs and placing our country at the forefront of a better, more sustainable, fairer world and more inclusive, where collaboration is the best competitive advantage “, concluded Álvarez-Pallete.

The announcement was made during the opening ceremony of the fourth edition d‘Enlighted, the international forum for educational innovation promoted by Fundació Telefónica, IE University i South Summit.

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