Es war eine besondere Freude beim Digitalgipfel 2019 die Panels der Plattform für Lernende Systeme gemeinsam mit Dr. Johannes Winter, Leiter der Geschäftsstelle der Plattform beim acatech moderieren zu können.
Die Diskussionen führender Persönlichkeiten im Bereich künstlicher Intelligenz der deutschen Wirtschaft führten final zu einem gemeinsamen Nenner:
„Wer es schafft Vertrauenswürdigkeit in KI-Technologien und die damit handelnden Personen zu schaffen, wird sich einen wesentlichen Erfolgs- und Wettbewerbsfaktor sichern. Dies gilt sowohl auf Unternehmensebene wie auch im nationalen Kontext.“
Digitalgipfel 2019
Die Teilnehmer und Themen der PLS waren:
Panel „Forschung – KI für digitale Plattformen“ mit
Prof. Dr. Susanne Boll-Westermann | Carl von Ossietzky Universität Oldenburg
Ralf Klinkenberg | RapidMiner GmbH
Thomas Neumuth | Universität Leipzig
Prof. Dr. Volker Tresp | Ludwig-Maximilians-Universität München (LMU) und Siemens AG
Panel „Transfer und Anwendung – Digitale Plattformen für neue KI-basierte Services“ mit
Wolfgang Faisst | SAP SE
Olga Mordvinova | incontext.technology GmbH
Dr. Tanja Rückert | Bosch Building Technologies
Andrea Stich | Infineon Technologies AG
Moderiertes Gespräch „Vertrauenswürdige KI als Voraussetzung für sichere Datenplattformen“ mit
Prof. Dr. Judith Simon | Universität Hamburg
Prof. Dr. Wolfgang Ecker | Infineon Technologies AG und TU München
The “cobra effect” is a prime example of failed incentive structures. Good governance in banks and savings banks must serve stability and flexibility at the same time. Compliance with four principles is indispensable.
Well-intentioned is not well done yet. Science calls this the cobra effect. It goes back to an event when India was still a British colony. In order to control a cobra plague, a British governor placed a bounty on every snake that he killed. With the result that enterprising Indians began to breed cobras to collect the bounty. When the governor learned of this practice, he had the program stopped and the breeders released the snakes. Result: The problem had multiplied.
The Kobra effect is regarded as a prime example of failed incentive structures – and thus of failed governance. This word, derived from the French “governance” for government, is often used today, and with its almost inflationary mention, the blur surrounding it is also growing.
So let us recall: governance refers to the structures and forms of governance that exist in a society. This refers to the interaction between the state, the private sector and interest groups. The aim is to improve the management of an organisation or a political or social unit in order to achieve better results.
Stability as an objective of governance
However, it has become common practice to use governance primarily when it is not a question of state structures. For example, the term plays an important role in practically all companies that deal with the public in the form of customers or stakeholders. As a result of the blurred use of the term, case studies from politics are often used today to explain economic frameworks.
Undoubtedly, there are many parallels between the governance of states and the governance of private companies, in their structure and processes and thus also in their form of governance. The decisive factor for both is first and foremost stability and thus the ability to cope with major crises. For states, the core of stability is the constitution, which enables leadership during the crisis and at the same time serves as the basis for a way out of the crisis. A current example of this is the national crisis in Austria. The government has failed; until the next elections a transitional government of experts will lead the country and thus guarantee stability. Around this core, however, a state structure must also have a certain flexibility in order to be able to react to developments.
Stability plus flexibility
And this is where the differences to the private sector begin. States are not in competition with the private sector and generally continue to exist even after crises, even if in extreme cases the political system and its fundamental form of governance may change. The situation is different for companies. Of course, they also need a stable core. But they must be extremely flexible and adapt to market situations in order to survive in the long term. Their stability is based on the flexibility of the process organisation. When it comes to flexibility, smaller companies often have an advantage over large, difficult-to-maneuver corporations. We see this in the financial services industry with the example of FinTechs and InsurTechs. However, these relatively small companies often lack the stability they need to survive when consolidating.
Let’s take the example of the banking industry: It faces clear challenges – digitization, new competing business models, exponential technology leaps and ever shorter product cycles with lower margins and increasing regulation. Sustainable answers and the resulting strategies will only be found by those houses that are stable in themselves on the one hand, but are also capable of a degree of flexibility that has never been demanded of them in history on the other.
Four principles of good governance
But how does a company obtain the necessary stability? There are four principles for good, i.e. successful, governance, which must always be present:
Accountability: There must be an organization that is controllable and controlled. Accountability: The company as a whole and each individual employee are accountable for their actions. Openness: Only when employees, customers and stakeholders understand what is happening is transparency actually lived out. Fairness: Ethical conduct is one of the foundations for long-term value creation.
Governance must be lived
In order to achieve a satisfactory situation for both sides, the four principles of governance are indispensable. However, it is not enough to lay them down in statutes; they must also be lived by each individual.
In addition, the current major transformation issues, which not only the banks but also the entire economy have seized, should be seen as an opportunity for companies with a consolidated governance structure and remind us of a statement by the Roman philosopher Seneca, who said: “Only the tree that has been constantly exposed to gusts of wind is firm and strong, because in battle its roots are consolidated and strengthened”.
WHAT HAS IAM & CYBERSECURITY TO DO WITH A FAMOUS CAR CRASH OF A SOVIET LEADER ?
It was a perfect Friday morning over the clouds on the way to give a speech at the famous Steigenberger Hotels and Resorts Grand Hotel Petersberg. In 1973 the Soviet head of state and party stayed for a few days in the luxury hotel and the visit became legendary because Brezhnev had an accident with his guest gift, a sports car, on the curving driveway.
What could be a better place to discuss safety and security with thought leaders in a speech about “#AI and it’s impact on #IAM & #Cybersecurity” at the Executive-Insights IAM Exchange Conference
Identity Recovery Services – The smart idea in Cyber Security and Access Management: More to come on this topic soon
The Digital Summit (previously the National IT Summit) and the work that takes place between the summit meetings form the central platform for cooperation between government, business, academia and society as we shape the digital transformation. We can make best use of the opportunities of digitisation for business and society if all the stakeholders work together on this.
The National IT Summit was renamed the Digital Summit in 2017. This was to take account of the fact that digitalisation comprises not only telecommunications technology, but the process of digital change in its entirety – from the cultural and creative industries to Industrie 4.0.
The Digital Summit aims to help Germany to take advantage of the great opportunities offered by artificial intelligence whilst correctly assessing the risks and helping to ensure that human beings stay at the heart of a technically and legally secure and ethically responsible use of AI.
The Digital Summit looks at the key fields of action within the digital transformation across ten topic-based platforms. The platforms and their focus groups are made up of representatives from business, academia and society who, between summit meetings, work together to develop projects, events and initiatives designed to drive digitalisation in business and society forward. The Summit will serve to present the results of the work that has been done in the past, to highlight new trends and discuss digital challenges and policy approaches.
Looking forward moderating the Panel Discussion on “Digital Platforms for new AI-based Services”
Inspiring discussions with Michael Kaiser, Head of Department for Financial Institutions at the Office for Data Protection of the German State of Hesse & Ralf Heim, Co-Founder of Fincite.
Finance Journalist at Handelsblatt Katharina Schneider greatly moderated the panel: “Chances & Risks of #Technology – Can data protection and artificial intelligence be reconciled?”
“It has been inspiring discussing with Katharina Schneider about AI and the future of the financial sector and being quoted in her article among other experts as Prof. Andreas Dengel (DFKI), Dirk Elsner (DZ Bank) and Nils Beier (Accenture) . Read the original article here“
Jochen Werne
Frankfurt The interplay between artificial intelligence and the financial sector in Great Britain will soon be very vivid: from 2021, the portrait of Alan Turing will adorn the new 50 pound notes. The scientist is known for his early research on computer technology. (translated with DeepL.com)
It has been pleasure being guest author for the DIGIPRAKTIKER, Finanz Colloquium Heidelberg.
What role does the human factor play in times of exponential technological progress?
Author: Jochen Werne, Director Business Development, Product Management, Treasury and Payment Services at Bankhaus August Lenz & Co. AG
I. Introduction
The only constant in history was, is and remains change. Gutenberg’s invention of the printing press in 1450 was a milestone on the timeline of human development. Today we still take note of this invention, which was considered an innovation at that time, but we have long lived surrounded by smartphones and cloud applications, in which we can store the most private information and retrieve it from anywhere in the world. Today’s change is being driven by a veritable digital revolution.
Digital change already has fundamental consequences for individuals and their lifestyles, but it is developing its full potential when it comes to interacting with our social environment. In times of smart robotics and maturing systems in relation to artificial intelligence, the question arises again and again what role humans play on the stage of these technologies. Is he …
25. JULY 2019 BY JULIANE WAACK – KEYNOTE BY Jochen Werne
For the opening keynote of our ec4u virtual conference Digital Thoughts on May 23rd, Jochen Werne, Director Marketing & Authorised Officer at Bankhaus August Lenz, talked about opening up to the digital transformation. It turns out, what we associate with technology and what it actually offers are often two completely different things.
„Companies and people need to participate actively in the transformation. We need to move. It’s impossible to be a passive participant in the transformation.“