Join the Global Offshore Sailing Team (GOST) aboard the Black Sea Dragon on an enlightening voyage exploring the critical role of maritime routes in global food security. This remarkable expedition has successfully accomplished its goals, shedding light on the essential nature of these oceanic highways in facilitating the transport of crucial foodstuffs, linking continents, and supporting millions who face the daily threat of hunger.
The Wirtschaftstag 2024, held on June 11 and 12 at the JW Marriott Hotel in Berlin, brought together high-profile speakers from business and politics. Germany stands at a crossroads, and now more than ever, bold market-economy ideas are needed for a strong Germany and Europe. The Social Market Economy is a centennial idea, inviting all who cherish freedom, believe in the creativity and inventiveness of citizens, respect property, and strive for performance and equal opportunity with social balance. However, the 75-year history of the Social Market Economy is also a constant battle to defend, maintain, and shape the economic order. At Experian DACH, we were delighted to participate in this important event. As a subject matter expert in data and data insights, Experian played a significant role in the panel discussion on “Digitalization and AI - Transformation Opportunities for Business and Politics”. This participation underscores our commitment to leveraging data analytics to drive digital transformation, benefiting both businesses and society.
One of the most pressing objectives outlined in the United Nations Sustainable Development Goals (SDGs) is Goal 2: Zero Hunger. It aims to end all forms of hunger and malnutrition by 2030, ensuring that all people—especially children—have sufficient and nutritious food all year round. This article explores the importance of maintaining open sea routes for the delivery of essential food supplies like wheat, especially to regions like Africa, and how disruptions in these channels can severely impact the progress towards achieving this goal. The article also links to the noteworthy contribution of the Global Offshore Sailing Team (GOST) in raising awareness about this vital issue during their 25th anniversary expedition, “Black Sea Dragon.”
Large-scale language models are now at the forefront of the AI revolution and have the ability to understand, generate and augment text, sound, images and video on a previously unimaginable scale. This has particular implications for all companies operating in data-centric industries, whose job it is to extract actionable insights from big data. Companies that utilise these opportunities for new data usage most effectively will gain market share in the future. For us, the integration of machine learning and large-scale language models in particular is not just a technological upgrade, but a comprehensive transformative strategy to reshape the future of our industry.
Hot off the press: MIND over MACHINE "Delve into the future of innovation with my latest article, 'Mind over Machine: Mastering the Power of AI and Large Language Models for Business Success and Positive Social Impact.' Through the lens of history, we explore how transformative technologies like the printing press and the internet have reshaped our world, setting the stage for the next revolution: AI and Large Language Models (LLMs). Join me in uncovering the profound impact of LLMs across industries, the importance of ethical application, and the incredible potential for positive social change. This piece offers insights into harnessing the power of AI to not just drive business success but to forge a better future for our society. Ready to navigate the 'jagged technological frontier'? Let's embark on this journey together. #AI #Innovation #BusinessSuccess #PositiveImpact
Every week, passionate ocean lover Christian Weigand interviews a different passionate ocean lover in his BLUE AWARENESS PODAST "HEROES OF THE OCEANS". I had the pleasure and honour of being his guest. Christian writes: “This episode features Jochen Werne, a "people diplomat" who organises sailing expeditions to commemorate historic moments, bring people together and deliver important messages. He receives support from well-known personalities such as Prince Albert II and the Queen of England.
Data is the new oil, they say: "The quality of data will become the kingmaker in the credit risk market of the future and open the way to new market opportunities," says Jochen Werne, CEO of data service provider Experian DACH. In an increasingly regulated market environment, providers who use their data intelligently and master the balance between data protection and customer experience will be the most successful. Werne names six "top challenges" for this year. These arise from regulations from the European Banking Authority (EBA) - and from technological developments. On the one hand, risk management is to be significantly improved and sustainability criteria verified at the behest of the European Central Bank and the EBA supervisory authority. On the other hand, artificial intelligence (AI) is opening up completely new opportunities in an increasingly complex market environment.
Jochen Werne: Innovation and Business, Society and Diplomacy, Ocean and Passion strongly aim at a positive change for the future. International expert in finance and blockchain, head of several private and corporate Banking divisions, keynote speaker, actively committed in diplomacy and economy transformation following the current shift to Sustainable Development as wished by United Nations and major political, technical and business bodies, he is extremely fond of communicating his passion for oceans and the virtuous interlink between human beings and nature. Jochen Werne does believe in the importance of everyone's potential diplomacy in contributing to keep peace and a balanced approach to preserve natural ecosystems. “Innovation and business, society and diplomacy, ocean and passion are strongly connected and we, together with our different talents in today’s connected world, can push forward with positive change for good everyday”, in these words is enclosed the sense of his enlightened thought. His strong sense of adventure and respect for the scientific world at the service of Nature, led him to be involved in many ocean missions considerably appreciated by H.S.H. Prince Albert II of Monaco and other major Head of States, notably the President of France and Austria. All that brought him to further increase his knowledge and experience. He also launched a targeted international group whose members from all over the world have relevant naval backgrounds. This body aims at keeping live naval traditions and highlighting the role of ocean expeditions as a cornerstone of world balances.
EBA deadline of 30 June: data quality will be decisive in the assessment of credit risks. Financial institutions are facing a significant change in the assessment of credit risks this year. Now comes 30 June: the deadline for new standards in credit risk assessment. Jochen Werne (CEO Experian DACH) is convinced that data quality will become the kingmaker in the credit risk market.
In an era marked by rapidly advancing technology and increasing global interconnectivity, the fight against online fraud has become a paramount concern for financial institutions, businesses, and regulators worldwide. Part of my professional work revolves around understanding and mitigating the risks associated with financial fraud. The Experian Forrester Fraud Research Report 2023, which we recently released, sheds light on the escalating threat of online fraud and the evolving strategies to counter it, particularly through the use of Machine Learning (ML) and Artificial Intelligence (AI).
Europe and the world at large stand at a crossroads, our collective readiness—both in thought and action—will indelibly shape the course of the future. By internalizing lessons from yesteryears and harnessing the tools and knowledge of today, Europe has the potential to lead and inspire, forging a path of stability, prosperity, and holistic progress for all of humanity.
Germany’s Federal President Frank-Walter Steinmeier's words resonate deeply: "I think we should base our perspective more on Max Frisch and trust ourselves as individuals and society alike to be able to shape the future. And that means developing perspectives, broadening our horizons and, yes, always daring to try something new. We need all this in the phase of upheaval we are in. Holding on to the past, ignoring change, refusing change, that is not an option - especially not in an open society like ours. But: We have to give change - that is the task of politics, business and science - a direction!" Drawing from these profound insights and looking through the lens of our work at Experian DACH, the era we are entering can be aptly described as a new Age of Enlightenment, where data and therefore data literacy is paramount. As the Enlightenment thinker Voltaire astutely pointed out, "Judge a man by his questions rather than by his answers." It's a sentiment that is even more relevant today. Taking cues from Immanuel Kant's wisdom, enlightenment is about emerging from our limitations. In the context of our time, achieving data literacy and harnessing data effectively signifies our evolution from technological naivety.
Jochen Werne, CEO of Experian DACH, comments on the results for Germany: "As our survey clearly demonstrates, German executives are aware of the central role AI plays in the innovation process. Nevertheless, the considerable scepticism about the benefits of AI use indicates that many companies may not yet be able to make efficient use of their existing data. At the same time, the productive use of AI will be decisive for the future of Germany as a business location. Transforming raw data into meaningful insights and analyses - this must be the clear goal. Through the synergy of state-of-the-art technology and human expertise in combination with the best analytics, we create a significant competitive advantage for our customers.
Data is indeed akin to water. Left unchecked or misused, it can wreak havoc. But when used right, when structured, analyzed, and enriched, it becomes invaluable. This is the essence of using "Data for Good" – transforming the ubiquitous into the indispensable, guiding decision-makers toward better, more informed choices.
After my first week as CEO for Experian in the DACH region (Germany, Austria, and Switzerland), I find myself profoundly thankful for the warm welcome and the many highly inspiring encounters with some of the best data and technology professionals on our planet. Experian is not only a data insights industry titan, one that operates in 32 countries, employs over 20,000 outstanding personalities worldwide but would also rank with its more than USD 30 billion market capitalisation compared to Germany’s leading stock index as the 19th largest DAX company in Germany. Experian serves as a global leader millions of consumers and businesses, leveraging data to make a transformative difference in people's lives. Yet, with tremendous reach and influence comes immense responsibility. Reflections Just as the Age of Enlightenment in the 18th century reshaped society through the dissemination of knowledge, we find ourselves at the precipice of a new era, one marked by the power and potential of data. The 21st century, in my view, must herald a fresh Age of Enlightenment, one underpinned by data literacy.
WE are living in one of the most fascinating times our planet has ever seen. A time when, thanks to enormous technological progress, we humans have the opportunity to improve the lives of so many people in our society without sacrificing our own well-being.
TOGETHER we can create a better society. We should never forget that bringing people from different cultures and backgrounds together, discussing and reflecting on each other’s perspectives already creates understanding and is the basis for forward-looking solutions. It is also something that each of us can easily do. It is a way of people’s diplomacy. In times of great change, which automatically leads to uncertainty, it helps to provide historical and technological understanding and analogies to today’s discussants in order to find better solutions for all possible consequences of new inventions on our society.
BALANCE. As a sailor with a great passion for our oceans, I strongly believe that man and nature must be in balance. To maintain balance, it is important to be aware of possible imbalances. To generate the right attention, it takes passionate scientists and passionate communicators to reach out to the general public with the important issues. With the support of the public and the power of technology and diplomacy, people have repeatedly found creative solutions to the most difficult situations they have faced in history.
I strongly believe that in today’s interconnected world, together with our different talents, we can make positive changes for a better world every day.