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. You can listen to our inspiring conversation in German by following this LINK TO THE ORIGINAL PAGE.
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.
Jochen discovered his passion for the sea as a navigator in the navy, where he himself was an instructor on the Gorch Fock. Although his professional career brought him back to land, he is still an enthusiastic sailor. He founded the GOST (Global Offshore Sailing Team) @expeditionblueocean, in which people from different nationalities set off on expeditions to raise awareness for sustainability and peace”
Fascinating stories of the ocean adventure. The heroes of the seas inspire you in an interview with Christian Weigand with their unique experiences at sea. Dive into the world of water sports enthusiasts, researchers, explorers, adventurers and conservationists and be inspired!
You can find pictures and further information on Instagram at @Helden_der_Meere
“A Life for the Ocean” is a book that accompanies the podcast. It tells 10 stories about the heroes of the oceans and is visually stunning in its enthusiasm for the ocean. You can order it at www.ein-leben-fuer-den-ozean.de.
Update of the Interview held by MONACŒCOART® founder Maurizio Abbati Interview with Jochen Werne, Co-Founder & Expedition Leader at Global Offshore Sailing Team & CEO at Experian D/A/CH.
Find the original interview and much more here at MONACŒCOART®
Updated: Feb 11, 2024
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 strongly believes in the vital role of individual diplomatic efforts in maintaining peace and a balanced approach to preserving natural ecosystems. He asserts, „Innovation and business, society and diplomacy, ocean and passion are all intricately linked. In today’s interconnected world, our diverse talents can collectively drive positive change every day.“ His insights reflect a profound understanding of the interconnectedness of various elements in fostering international relations.
Werne’s adventurous spirit and deep respect for the scientific community’s contributions to nature have led him to organise numerous ocean missions. These missions have gained significant recognition from esteemed figures such as H.S.H. Prince Albert II of Monaco, the President of France, and the President of Austria, enhancing his knowledge and experience.
Furthermore, Werne co-founded the Global Offshore Sailing Team, an international group comprising members worldwide with significant naval experience. This group is dedicated to preserving naval traditions and emphasizing the importance of ocean expeditions and people’s diplomacy for supporting international understanding
MONACŒCOART® had the pleasure to collect a meaningful feedback directly from Jochen Werne (J.W.), Co-Founder & Expedition Leader at Global Offshore Sailing Team (GOST).
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MONACŒCOART®: Jochen Werne, how did your passion for the oceans and sailing come about?
J.W.: As a child growing up in the countryside on the border with Switzerland, the world outside my parents’ home always had a great attraction for me. Notably, the Sea with its magical sense of endless freedom, adventure and beauty has always been a trigger in my life. And this fascination still inspires me even though I have sailed the seven seas. Maybe it will never disappear. I had my first contact with sailing during school holidays on Lake Constance. Then, I joined the navy, where I had the privilege to serve for almost two years as a navigator on the three-masted sailing ship ‘Gorch Fock. That finally ignited my passion for the oceans and sailing.
MONACŒCOART®: What values have you learned after so many years of shipping?
J.W.: The most important one is RESPECT. Probably every ocean sailor and mariner would confirm it. As a sailor you experience the marine element in its most breath-taking calm and beauty and its most deadly and dangerous brutality. Respect helps to enjoy one side of the coin and survive the other. Respect leads to this deeper understanding that Nature is in many ways more important and also more powerful than ourselves. The fact that makes us feel humbly is to understand that Nature can always live without us, but we cannot live without Nature. Moreover, a sailor learns how to use Nature to benefit from its power in the best and most sustainable way and to emotionally experience its pure and infinite beauty.
MONACŒCOART®: Which marine expedition has shaped you more than others? Why?
J.W.: Every expedition has its uniqueness and therefore it is difficult to prefer one over the others. However, the ‘Arctic Ocean Raptor’ was very special to me. It took us from the northern Norwegian city of Tromsø across what sailors call the ‘devil’s playground’, the Barents Sea, to a spectacular natural habitat called Spitsbergen at 80° North. Despite its up-north location, the climate is quite mild due to the Gulf Stream. As our expedition approached Svalbard after three days of sailing through dense fog, we encountered a huge ice barrier that broke away from the cold eastern side of the island due to the warm conditions and drifted on with the current. This, combined with a 9-bft (= Beaufort scale) storm, made the voyage a real challenge, but also impressively demonstrated the fragility of our ecosystem.
MONACŒCOART®: Which measures do you think are most important to preserve marine ecosystems? Why?
J.W.: There is no doubt that before starting a movement or action, awareness must be raised. This step is of utmost importance, otherwise one remains lonely and therefore a committed but silent to action interlocutor. The Principality of Monaco has a long tradition of identifying problems for our marine ecosystem and taking action to make many aware of them. H.S.H. Prince Albert I of Monaco immediately recognised the dangers of bottom fishing with the new means of steam technology. Jacques Cousteau not only served science but brought the beauty of the sea into everyone’s living room with his work behind the camera and inspired new projects to protect the oceans. Last but not least, H.S.H. Prince Albert II of Monaco is the perfect example of how this has not only become Monaco’s heritage but a lived tradition. We are grateful that he has supported us in our expeditions to raise awareness and thus contribute to the conservation of our marine ecosystems.
MONACŒCOART®: You have already pointed out several times that scientific and fact-finding missions are particularly effective for intercultural and diplomatic exchange. What makes them instruments of dialogue?
J.W.: Our oceans are the fluid connection between our nations. And even though we are citizens of nations, we all belong to one Planet. As seafarers, we are directly dependent on nature and national thinking takes a back seat. In the daily challenge at sea, nationality, race or gender are not important. What really matters is to achieve our goals as a team, otherwise we will all fail. This also applies to us as a human race. The challenges before us are global challenges that no single nation can solve alone. We need a collective effort, and we have so many examples where the global community has done it together. One of my favourite examples is the Antarctic Treaty, which was negotiated at the height of the First Cold War and still provides the basis for joint peaceful governance of Antarctica today.
MONACŒCOART®:What place does the Principality of Monaco have in the international expeditions that you carry out as part of the Global Offshore Sailing Team (GOST)?
J.W.: We are more than grateful to H.S.H. Prince Albert II of Monaco, the Yacht Club de Monaco, its Board of Directors with Bernard d’Alessandri, Gerd Ziegenfeuter, the staff and members as well as the press for their excellent support in our common tasks. Together we were able to achieve outstanding results. Starting with the expedition ‘Antarctic Blanc’ 2018, which resulted in a state act supported by 19 nations including the United Nations, to the Prince Albert I Memorial Expedition ‘Navigators Heritage’. Together, we have succeeded not only in supporting science, but also in bringing people and nations closer together and raising awareness of the needs of our oceans.
MONACŒCOART®:GOST expeditions have been awarded the highest honours by heads of state and international institutions. What is the recognition to which you are most attached? Why?
J.W.: We are more than grateful to have been honoured with a State Medal for our commitment to environmental protection or with the Ancla d’Oro (Golden Anchor) of the Asociación para la Investigación y Difusión de la Historia Naval de Cuba and the Admiral of the Fleet the Lord Boyce Award for promoting international understanding. Among all the awards, the highest recognition for me is the fascinated smile on a young person’s face when one of the stories of the sea lights the flame of passion for marine elements. It is their spirit that will form the basis for future action. Just as others in the past like Jacques Cousteau have lit a fire in us for the Sea. It is the quote attributed to the brilliant Antoine de Saint-Exupéry, author of the beautiful novel Le Petit Prince, that probably describes it best: If you want to build a ship, don’t drum up the men to gather wood, divide the work and give orders. Instead, teach them to long for the vast, endless sea. ***
? ✒By Maurice Abbati
To know more about Jochen Werne’s ocean expedition project please visit:
From the eloquent words of Shakespeare in Henry V, where he once proclaimed, “all things are ready if our minds be so”^1 to the monumental shifts brought by Gutenberg’s printing press^2, history reminds us that change is both an inevitable and defining characteristic of human progress. As the world stands at the threshold of a new epoch marked by rapid technological shifts and pronounced geopolitical transformations, this profound sentiment compels us to reflect on the paramount importance of preparedness and perspective. The way societies respond to these shifts determines the direction of their trajectory. In our current age, Europe finds itself at the nexus of global transformations driven by technological advancements and geopolitical tectonics.
Technology: A Historical Reflection
Peering through the lens of history, one quickly realizes that technology has been both a beacon of hope and an augury of upheaval. Take the 15th century’s monumental invention of the printing press as a case in point^2. This groundbreaking innovation democratized access to information and catalysed a substantial uptick in literacy rates across Europe. As Eisenstein posits, the “Printing Revolution” catalyzed an era where knowledge was no longer the privilege of the few but a right of the many^2. Yet, its reverberations were not confined to just reading and writing. The press became the vessel through which Martin Luther disseminated his Ninety-Five Theses, triggering a religious revolution that reshaped the European continent.
However, the journey wasn’t without turbulence. This democratization of knowledge played a pivotal role in challenging the established order, culminating in events like the Reformation, which MacCulloch describes as Europe’s great house divided^3.
Niall Ferguson, in “The Square and the Tower”, beautifully illustrates the timeless tension and interplay between networks and hierarchies^4. Historically, technologies like the printing press have emerged as disruptors, challenging established orders and reshaping hierarchies. The press, for instance, allowed for the free flow of ideas, becoming an early network that democratized information. Yet, not everything it propagated was for the betterment of society. The infamous “Malleus Maleficarum”, an ostensibly scholarly treatise, fueled the flames of the European witch hunts, leading to persecution, paranoia, and a dark chapter in history^5.
From Past to Present: The Tech Geopolitical Nexus
Fast forward to the present, and we witness a world where technology continues to shape geopolitical realities. Maddison’s macro-economic study reveals that the global center of economic gravity has been steadily shifting towards the East, particularly since the dawn of the 21st century^6. Nowhere is this shift more apparent than in the realm of technology.
The US-China tech rivalry, explored by Fuller, highlights the strategic challenges posed by China’s technological ascent^7.
The race for supremacy in AI, quantum computing, 5G, and biotechnologies marks the modern-day power play. But this isn’t merely about technological one-upmanship; it signifies a larger canvas of geopolitics, economics, and even societal values.
Many analysts are drawing parallels to the Cold War, coining the term “Tech Cold War” or “Cold War II”. Unlike the 20th-century version, primarily characterized by nuclear deterrence between the USSR and the US, this new Cold War positions the US and China in an intense rivalry for technological, economic, and military dominance. In the midst of this rivalry, both nations are hyper-aware of the stakes.
Navigating the Waters of New Geopolitical Paradigms
More than a century ago, the naval strategist Alfred Thayer Mahan, in his seminal work on sea power, postulated that maritime dominance was crucial to national greatness.
Today the Indo-Pacific has become the focal point of 21st-century geopolitics. Here, China’s assertive ‘Two Ocean Strategy’ is emblematic of its ambitions to exert influence both in the Pacific and the Indian Ocean. This expansive maritime vision is not just about sea lanes and trade; it’s a reflection of China’s aspirations to be a global power.
Simultaneously, the Taiwan question looms large in this maritime strategy. Its strategic location in the first island chain poses both an opportunity and a challenge for Beijing. Control over Taiwan would offer unencumbered access to the broader Pacific.
However, the rise of one power often brings countermeasures by others. The ‘AUKUS’ agreement between Australia, the United Kingdom, and the United States is a manifestation of this dynamic. While cloaked in the language of technological collaboration, especially in the realm of nuclear-powered submarines, the underlying intent of AUKUS is clear. It seeks to counterbalance China’s growing naval capabilities and assertiveness, particularly in the South China Sea.
Reflecting on Mahan’s sea power doctrine in this context provides a sobering perspective. Mahan believed that maritime dominance was the linchpin of global influence. Yet, he also understood the responsibilities and challenges that came with such power. In our contemporary setting, while nations pursue their maritime strategies, it is imperative they also embrace the principles of dialogue, cooperation, and conflict avoidance.
Taiwan epitomizes this interplay. As a beacon in semiconductor manufacturing, Taiwan’s geopolitical relevance can’t be overstated. Any instability could trigger economic consequences potentially dwarfing the aftermath of the Covid-19 pandemic^9.
Taiwan and Europe: Quietly Interwoven, Profoundly Connected.
In the intricate web of global technology supply chains, few names stand out as prominently as Taiwan Semiconductor Manufacturing Company (TSMC). Founded in 1987, TSMC has ascended the technological hierarchy to become the world’s leading semiconductor foundry, a testament to its unwavering commitment to innovation and excellence.
TSMC’s significance is multifaceted. For one, it’s the world’s largest dedicated independent semiconductor foundry^8. With clients ranging from major tech giants like Apple and Nvidia to burgeoning startups, TSMC’s production underpins a vast swathe of the digital products and solutions we rely on daily. However, TSMC’s role isn’t merely a commercial or technological one. It is geopolitical. With the escalating “Tech Cold War” between the U.S. and China, TSMC finds itself at an intriguing junction. The company’s strategic importance is underscored by global reliance on its cutting-edge chip manufacturing capabilities. This reliance has not only made TSMC a coveted partner but also a strategic asset in the larger scheme of global geopolitics. The U.S. push to ensure TSMC sets up manufacturing bases on its soil, and China’s keen interest in the semiconductor sector, highlights the foundry’s pivotal position.
Furthermore, TSMC embodies Taiwan’s broader significance in the tech world. As the geopolitical tussle intensifies, Taiwan – and by extension, TSMC – becomes a linchpin for global tech supply chains. A disturbance in TSMC’s operations, as speculated, could have cascading ramifications across industries, from consumer electronics to automotive and healthcare. Any significant disruption in this intricate supply chain would reverberate globally, with experts suggesting a potential 5% drop in global automotive production^9.
As chips become smaller, denser, and more powerful, the precision and capability of lithography machines must evolve in tandem.
Here’s where Europe and ASML, a Dutch gem, comes into play. The company is the sole producer of extreme ultraviolet (EUV) lithography machines^8, an advanced technology that allows for the creation of incredibly dense and efficient chips. With transistors now approaching atomic scales, EUV lithography is no less than a technological marvel, allowing chipmakers to etch circuits just a few nanometers wide.
However, the conversation around ASML isn’t merely about technological mastery. Given its unique position as the only producer of these EUV machines, ASML enjoys a quasi-monopolistic status in this niche yet profoundly impactful domain. In an era where technological supremacy is increasingly intertwined with geopolitical power, also ASML’s importance cannot be overstated. The machines they produce are not just expensive and sophisticated pieces of equipment; they are, in many ways, gatekeepers to the next generation of digital innovation.
Such a near-monopoly naturally draws attention. Nations and corporations are keenly aware of the strategic value inherent in controlling or accessing state-of-the-art chipmaking technology. With the ongoing technological cold war, where semiconductor supply chains have become part of the geopolitical chessboard, ASML finds itself in a spotlight it never sought but cannot avoid.
Europe’s Crucial Pivot
Europe’s position in this evolving tech landscape is unique. While traditionally viewing the Atlantic alliance as a cornerstone of its foreign policy, the rise of China necessitates a recalibrated approach^10. Europe’s interlinked trade with China, especially through critical chokepoints like the Malacca Strait, underscores the strategic dimension of this relationship^11.
In this whirlwind of technological and geopolitical flux, Europe is not an idle spectator. With a collective GDP nearing $22 trillion, it wields considerable influence. Europe’s role is multi-dimensional: an economic powerhouse, a voice of reason in tumultuous times, and often a mediator in global disputes.
The ECB recognizes that the financial institutions it oversees must adapt to these transformative times. A crucial element of this adaptation is embracing digitalization, with a special emphasis on robust data-driven risk management.
Strengthening Resilience: The intricate web of global economies translates to shared vulnerabilities. It’s imperative for Europe’s financial edifice to be robust, equipped to handle external shocks, and maintain systemic stability.
Digitalisation & Institutional Strengthening: The burgeoning fintech sector necessitates a complete metamorphosis for legacy banks. This isn’t a mere cosmetic digital overhaul. Banks need to internalize and deploy intelligent digitalization. Central to this transformation is data analytics, supercharged by AI. Harnessing data, drawing meaningful insights, and predicting trends will determine who thrives in this new era.
Climate Change Initiatives: Europe has consistently championed sustainability. The financial sector’s alignment with green, sustainable practices isn’t just altruistic; it’s also economic prudence, ensuring long-term viability and stability.
The above mentioned ECB focus is highlighted by Experian’s 2023 report on why AI-driven, regulatory-compliant analytics solutions are becoming imperative for European banks^13.
The AI Paradigm: Europe’s value-based Ethical Approach
Europe’s approach to AI regulation, championing the cause of ‘explainable AI’, shows its commitment to integrating technology with ethics. This dedication harks back to its legacy of literacy and the importance of accessibility, a theme explored by Graff^14. As Europe navigates the ‘Asian Century’^15, it does so with a clear vision: to leverage its historical experiences and chart a course that balances innovation with ethical considerations. The European AI Act encapsulates this approach. The Act’s core philosophy revolves around ensuring AI applications are safe and respect existing laws and values. This includes transparency obligations, strict criteria for ‘high risk’ AI applications, and a provision for setting up a European Artificial Intelligence Board.
One might wonder, why the emphasis on explainability? As AI systems permeate critical sectors, from healthcare to finance, their decisions can profoundly impact individuals. An ‘explainable AI’ ensures that these decisions are not just accurate but also comprehensible to the average person. This empowers individuals, fostering trust in AI systems.
The Act, however, isn’t just about explainability. It recognizes the diverse applications of AI and categorizes them based on risk. For ‘high-risk’ applications, stringent requirements, from transparency to accuracy and security, are mandated. This stratified approach ensures that while innovation isn’t stifled, critical areas receive the scrutiny they warrant.
Economic Powerhouses: A Comparative Analysis
Any discussion on global transformation would be incomplete without examining the economic engines driving these changes. China’s astounding growth, with a GDP of $17.7 trillion by 2022^16, and its decade-long average annual growth rate of 6.5%, contrasts with the US’s $25.3 trillion GDP and a more conservative 2.3% growth rate^17. The European Union, showcasing resilience and integration, clocks a collective GDP nearing $22 trillion^18, with trade figures underscoring its global economic clout^19.
Conclusion: Europe’s Way Forward
Our world is in a state of flux, reminiscent of those transformative moments in history. From the monumental shifts of the Printing Revolution^2 to the divisive yet transformative Reformation^3, Europe has witnessed and shaped global trajectories. As it stands at the crossroads of another transformation, it draws from its rich historical tapestry, aiming to strike a balance between embracing the future and preserving its core values.
The digital future beckons, but it’s not without its challenges. Whether it’s the complex web of tech geopolitics or the imperative of sustainable growth, Europe’s journey forward will need to be both adaptive and principled. At the heart of this journey lies the potent combination of data and ethics. And as Europe strides into the future, it carries with it a clear message: progress, when rooted in ethics and driven by knowledge, can usher in an era that’s not just technologically advanced but also just, balanced, and peaceful.
Footnotes:
^1 Shakespeare, William. “Henry V.” Act IV, Scene 3. ^2 Eisenstein, Elizabeth L. “The Printing Revolution in Early Modern Europe.” Cambridge University Press, 1983. ^3 MacCulloch, Diarmaid. “Reformation: Europe’s House Divided 1490-1700.” Penguin UK, 2004. ^4 Ferguson, Niall. “The Square and the Tower: Networks and Power, from the Freemasons to Facebook.” Penguin, 2018. ^5 Kramer, Heinrich and Sprenger, James. “Malleus Maleficarum.” Dover Publications, 1971. ^6 Maddison, Angus. “Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History.” Oxford University Press, 2007. ^7 Fuller, Douglas B. “Cutting off our nose to spite our face: US policy toward Huawei and Taiwan in the shadow of the Chinese tech challenge.” International Security 45.3 (2021): 52-89. ^8 Chappell, Bill. “ASML: The Obscure Dutch Company That’s Enabling Big Advances In Tech.” NPR, 2019. ^9 “The Economic Impact of a Taiwan Crisis.” Nikkei Asia, 2023. ^10 Casarini, Nicola. “The Rise of China and the Future of the Atlantic Alliance.” Oxford University Press, 2020. ^11 Lanteigne, Marc. “China’s Maritime Security and the ‘Malacca Dilemma’.” Asian Security 4.2 (2008): 143-161. ^12 “European Central Bank Annual Report.” 2023. ^13 Experian PLC. “Annual Report and Financial Statements.” 2023. ^14 Graff, Harvey J. “The Legacies of Literacy: Continuities and Contradictions in Western Culture and Society.” Indiana University Press, 1987. ^15 Khanna, Parag. “The Future is Asian: Commerce, Conflict, and Culture in the 21st Century.” Simon and Schuster, 2019. ^16 “World Bank Data: China.” 2022. ^17 “World Bank Data: United States.” 2022. ^18 “World Bank Data: European Union.” 2022. ^19 “European Commission Trade Statistics.” 2022.
About the author
Jochen Werne is CEO of Experian DACH. Large-scale global data powerhouses like Experian with it’s more than 20.000 data and analytics experts and a market cap of nearly €30bn have a pivotal role to play in this evolving narrative. As a global vanguard in data analytics, Experian is uniquely poised to offer financial institutions the insights and tools essential for navigating the multifaceted challenges of our times. In a world inundated with data, discerning patterns, understanding trends, and anticipating potential pitfalls will be the linchpin of success.
I had the distinct honor, alongside CCO Björn Hinrichs, to represent Experian DACH at the Gala event 2023. Our heartfelt gratitude goes to acatech for their warm invitation.
It’s clear that fostering a robust relationship between science and industry is paramount. The National Academy of Science and Engineering stands as a beacon, guiding and correcting, making technological innovation the cornerstone of transformation. This union of strong research, pioneering companies, and forward-thinking policies is the backbone of what acatech and countless others strive for. In this journey, while competition fuels our drive, it is cooperation that offers the platform for greatness.
In the infinite expanse of space, we are but astronauts on a tiny speck called Earth. Regardless of our political and geopolitical landscape, science and research must always be the bridge, the “Bridge over Troubled Water” that connects us and ensures progress, says Jan Wörner, President of acatech, wisely.
In reflecting on this, 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.
While AI stands as a monumental tool to decipher this data, its effectiveness lies in the quality of the data it is fed. It brings to the fore the urgent need for data literacy. An AI is only as good as its data. Thus, a distorted understanding could lead to distorted outputs. The onus is on us, leaders in data, to champion the responsible use of AI and advance the narrative on the symbiotic relationship between data and AI.
This new Enlightenment is our journey towards an era where society is mature and informed, utilizing the strength of data and AI for the betterment of all. Knowledge, in this context, isn’t just power but the foundation for positive societal transformation.
Concluding with my personal reflection, data isn’t merely a quantified entity; it’s a potent instrument to comprehend and address pressing challenges. Our collective aim should be to cultivate an understanding of data – its collection, utilization, and, importantly, its ethical application.
Our commitment at Experian DACH, backed by our ‘data for good’ principle, is to be at the forefront of this change, guiding, and contributing to this transformative journey.
There’s a peculiar phenomenon that often goes unnoticed: we vividly remember the moments in our lives when we made pivotal decisions, but the lazy Sundays we spent lounging on the couch tend to blur into obscurity. Why is that? From the standpoint of psychology and neuroscience, active decision-making engages multiple brain regions, specifically the frontal cortex. This engagement imprints these moments deeply in our memory.
Decisions are the very essence of our existence. On a daily basis, we make around 35,000 decisions, from what to wear to how to react in crucial life situations. In the realms of politics and business, decisions are made amidst uncertainty. The quality and timeliness of these decisions often determine success or failure. The better we are at decision-making, the more successful we become.
However, decisions aren’t made in a vacuum. They are greatly influenced by our emotions, past experiences, and even biases. Let’s delve into game theory, a study that examines mathematical models of strategic interaction. This theory was so revolutionary that scientists like John Nash were awarded the Nobel Prize for their contributions. It showcases the intricacies of making decisions when multiple players are involved, each trying to maximize their own benefits. For instance, the “Prisoner’s Dilemma” is a classic example. It illustrates how two individuals, aiming to minimize their punishments, often don’t cooperate, even if it’s in their best interest. Their decision, influenced by a lack of trust and the inability to communicate, usually leads to a suboptimal outcome for both.
Another interesting lens through which to view decision-making is behavioural finance. This field has shown that people don’t always act rationally, and their decisions are swayed by psychological factors. The Dot-com Bubble of the late 1990s offers a poignant example. During this period, a frenzy around internet-based businesses led to skyrocketing stock prices, despite many of these companies having no solid profits or clear business plans. Overconfidence and herd behavior drove investors to pour money into these stocks, leading to massively inflated valuations. The bubble inevitably burst in the early 2000s, resulting in significant financial losses for countless investors. This incident underscores the dangers of letting emotions and biases overrule rational financial decision-making.
Given the complexities, decision-makers often seek a solid foundation for their choices. This is where data comes into play. But data is not just essential; it’s omnipresent. It’s estimated that 2.5 quintillion bytes of data are created every day. Like water, it’s everywhere. And just as water can flood a village if not channeled properly, unstructured data can overwhelm and mislead.
Take the banking sector, for instance. Banks use data to assess creditworthiness. In e-commerce, data-driven algorithms suggest products to consumers. Telecom industries utilize data to enhance customer experience and predict churn. The cornerstone of these industries is state-of-the-art data analytics capabilities paired with robust decision engines.
However, with the influx of data, it’s crucial to discern the essential from the redundant. Much like converting saltwater to drinking water requires precision and expertise, sifting through raw data to extract meaningful insights is the forte of data analysts. They refine data into actionable decision-making parameters, reducing uncertainty. And in business, reduced uncertainty translates to reduced risk and increased profitability.
To conclude, 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.
The Age of Enlightenment, Literacy and the Dawn of Data Literacy
The Age of Enlightenment, a period dating from the late 17th to the late 18th century, marked a profound shift in the course of human history. This era, also known as the Age of Reason, encouraged critical thinking, decoupling minds from the shackles of superstition and unquestioned authority. The spotlight was placed firmly on rational thought, scientific inquiry, and individual rights – underpinnings of the modern world as we know it.
Several factors catalyzed this significant shift, not least of which was the advent and proliferation of printing technology. As philosopher Immanuel Kant noted, “Dare to know! Have the courage to use your own understanding,” a statement that encapsulates the Enlightenment’s spirit. This courage was largely fostered through increasing literacy rates.
The advent of the printing press revolutionized the dissemination of information. Books were no longer a luxury exclusive to the elite; knowledge became democratized. This sparked an increased demand for literacy. As more people learned to read, ideas were more freely exchanged, fueling a critical examination of existing societal structures.
For example, “The Encyclopédie,” a massive reference work edited by Denis Diderot and Jean le Rond d’Alembert, exemplified the spread of Enlightenment thinking. Its contributors, including leading intellectuals like Voltaire and Rousseau, aimed to collate all the world’s knowledge into a single work, accessible to the common man. This unprecedented venture into free access to knowledge set the stage for many of the democratic, scientific, and industrial revolutions that followed.
Fast forward to the present day, we see parallels in the advent of the internet, a digital revolution that democratizes information at a scale unimaginable to the Enlightenment thinkers. However, this superabundance of information has led to a paradoxical effect. As stated by Nobel Laureate Herbert A. Simon, “a wealth of information creates a poverty of attention.”
In an age characterised by short attention spans and reactionary behaviour, the challenge lies not in accessing information but in sifting through its vastness to discern truth from falsehood. A study conducted by Microsoft, 2015, found that the average human attention span has dropped to eight seconds, primarily due to the digitalised lifestyle.
Like the literacy of the Enlightenment Age, the 21st century calls for a new form of literacy: data literacy.
In a world where data is hailed as the new oil, our ability to critically interpret, analyse, and question data is of paramount importance. This skill set empowers individuals and corporations to make informed decisions, a process integral to our society.
In a report by The Data Literacy Projectof which also Experian is a partner, only 21% of the global working population was confident in their data literacy skills. This gap highlights the pressing need for an educational shift towards fostering data literacy, much like the push for literacy during the Enlightenment era.
In conclusion, as we navigate the information deluge, a new Age of Enlightenment beckons, one centered around data literacy. With this new ‘Enlightenment,’ we can harness the true potential of information abundance, steering our societies towards more informed, rational, and democratic spaces. As the Enlightenment thinker Voltaire wisely said, “Judge a man by his questions rather than by his answers.” This insight seems more pertinent now than ever.
Such a renewed Age of Enlightenment also draws inspiration from one of the original Enlightenment’s most influential thinkers, Immanuel Kant. As he famously stated, “Enlightenment is man’s emergence from his self-imposed immaturity.” To transpose his wisdom to our context, data literacy and the effective application of data might be seen as emergence from a state of technological immaturity.
Furthermore, in our modern context, the Enlightenment’s emphasis on reason and logic has a fascinating analogue in the field of artificial intelligence (AI). AI, a critical tool in making sense of complex data, is designed to mimic human reasoning, albeit on a scale and at speeds we could never achieve unaided. As such, it holds a pivotal role in our future, helping us glean insights from the vast sea of data.
However, while AI’s potential is significant, it further underlines the importance of data literacy. The algorithms that power AI are only as good as the data that feeds them. Poor understanding of data and its nuances can lead to skewed AI outputs, with far-reaching implications.
Leaders in data need to focus on responsible use of AI by promoting data literacy and improving understanding of the interplay between data and AI.
New Enlightenment, then, is a journey towards a mature, informed society that harnesses the power of data and AI for good. In this era, knowledge isn’t just power; it’s the key to creating a world where data and technology act as catalysts for positive change.
In this new age, data is not merely a collection of numbers, facts, or figures; it is a powerful tool for understanding and addressing the most pressing societal issues.
However, just as literacy was not universal during the initial Enlightenment, data literacy is not yet a universal skill. As a society, we need to foster an understanding of data, how it’s collected, how it’s used, and most importantly, how it can be used ethically and responsibly.
Harnessing Data for Good – The Experian way
Experian, as a data powerhouse, has a crucial role to play in this journey. Experian has been a pioneer in harnessing data for good, from helping individuals gain access to credit, to assisting businesses flourish, to aiding governments in delivering crucial services.
For the DACH region specifically, the path to growth is intertwined with our mission to empower individuals and corporations with data and to protect from risks. In our regional market in the heart of Europe, we see significant potential to enhance consumer and corporate credit, improve business services, and support governmental programs.
Trust, innovation and reliability go hand in hand
To achieve this goal, we need to aim high and develop state-of-the-art products like AiDRIAN, which, by intelligently combining and using the latest AI technologies and data, are able to protect customers from fraud with more than 99.9% accuracy. Developing trustworthy solutions is of paramount importance. Trust comes from long-term reliability and independent audits. For AiDRIAN, for example, Fraunhofer IPA audited the heart of the solution, the Transaction Miner. The machine learning model compares several hundred customer characteristics and then assesses the risk of a transaction. Millions of data records are evaluated in a matter of seconds. Fraunhofer therefore came to the test result that the Miner’s predictive power is comprehensible even to experts and leads to better decisions.
Such results are only achievable by having an exemplary team.
The Experian DACH team, which I had the pleasure of meeting during my first week, is made up of dedicated, forward-thinking people who understand that work is not just about data, but about using data as a tool for progress and prosperity. A team that is eager to innovate, build trust, and act as responsible stewards of the data – every single day. As we delve deeper into a new era, we should aim to be instrumental in fostering a society that uses data ethically, responsibly, and for the greater good.
The Enlightenment brought knowledge to the masses, revolutionizing societies, and shaping the modern world. It is my belief, a new Age of Enlightenment will bring data literacy to all, empowering societies in ways we are just beginning to imagine.
I am excited and honoured to be a part of this transformative journey.
17. Carinthische Dialoge – Schloss Bach – 14.-16. Juli 2023
Es ist mir eine besondere Ehre den Eröffnungsvortrag der 17. Carinthischen Dialogen geben zu dürfen. Unter dem Leitthema “Das Jahrzehnt der Transformation – Optimistische Perspektiven eines Umdenkens” wird der Beitrag, “Ein neues Zeitalter der Aufklärung” drei inspirierende Tage einläuten.
Bei dieser bemerkenswerten Veranstaltung teilen sich die Bühne angesehenen Persönlichkeiten aus verschiedenen Fachbereichen. So wird Horst von Buttlar, Chefredakteur der Zeitschrift “Wirtschaftswoche” und Autor des Buches “Das grüne Jahrzehnt”, Veränderungen ausgelöst durch Krisen thematisieren.
Nobelpreisträger Anton Zeilinger, emeritierter Professor der Universität Wien, widmet sich dem spannenden Thema des Zufalls.
Ich möchte mich herzlich bei den Organisatoren, insbesondere bei Generalsekretärin Johanna Franz und Maximilian Franz, für die Einladung und ihre unermüdliche Arbeit zur Realisierung dieser bedeutsamen Veranstaltung bedanken.
Weitere Informationen zur Veranstaltung, einschließlich mehr Details zu den unten stehenden Referenten und des Programms, sind auf der Website der Carinthischen Dialoge https://www.carinthische-dialoge.at/aktuelles-programm/ zu finden.
ReferentInnen u. ModeratorInnen
Horst von Buttlar, Wissenschaftsjournalist und Chefredakteur der Zeitschrift Capital. Buchautor „Das grüne Jahrzehnt“, Berlin
Klemens Fheodoroff, Dr., FA für Neurologie, OA Gailtal-Klnik, Obmann bei Carinthischer Sommer, 2.stv. Vorsitzender der Gesellschaft zur Förderung interdisziplinärer Dialoge, Carinthische Dialoge
Bernhard Gaul, Journalist im innerpolitischen Ressort der Tageszeitung Kurier
Arnold Mettnitzer, Prof. Dr., Theologe, Psychotherapeut in eigener Praxis, freier Mitarbeiter des ORF, Autor zahlreicher Bücher, Wien
Michael Musalek, Univ.-Prof. Dr., Ordinarius für Allgemeine Psychiatrie, SFU Med Wien, Vorstand des Intistuts für Sozialästhetik und Psychische Gesundheit, SFU Wien u. Berlin
Elisabeth Juliane Nöstlinger – Jochum, Wissenschaftsjournalistin, Producerin von WissensART, Vorsitzende der Jury zur Vergabe des Watzlawick-Ringes, Mitglied in zahlreichen wissenschaftlichen und kulturellen Gremien, Wien
Manfred Prisching, Univ.-Prof. i.R., Dr. jur., Mag.rer.soc.oec., Institut für Soziologie der Universität Graz
Philipp Weiss, österreichischer Schriftsteller, u.a. Buch: „Am Weltenrand sitzen die Menschen und lachen“, Wien
Jochen Werne, Autor, Keynotespeaker, international ausgezeichneter NGO-Gründer und Spezialist im Bereich Unternehmenentwicklung und -transformation, sowie internationaler Diplomatie.
Anton Zeilinger, em. o. Univ.-Prof. Dr., Universität Wien und Österreichische Akademie der Wissenschaften
The Decade of Transformation – Optimistic Perspectives of a Rethink
17th Carinthian Dialogues – Bach Castle – 14-16 July 2023
It is a special honour for me to give the opening lecture of the 17th Carinthian Dialogues. Under the guiding theme “The Decade of Transformation – Optimistic Perspectives of a Rethinking”, the contribution, “A New Age of Enlightenment” will usher in three inspiring days. At this remarkable event, the stage will be shared by respected personalities from various fields. Horst von Buttlar, editor-in-chief of the magazine “Wirtschaftswoche” and author of the book “The Green Decade”, will address changes triggered by crises. Nobel Prize winner Anton Zeilinger, professor emeritus at the University of Vienna, will address the exciting topic of chance. I would like to express my sincere thanks to the organisers, especially Secretary General Johanna Franz and Maximilian Franz, for the invitation and their tireless work to realise this momentous event. Further information on the event, including more details on the speakers below and the programme, can be found on the Carinthian Dialogues website https://www.carinthische-dialoge.at/aktuelles-programm/.
It was a great pleasure for me, as a member of the Economic Council, to be invited to its 60th anniversary in Berlin.
“I firmly believe that it is part of the essence of a democracy that citizens, and thus society, are invited to help shape it on a daily basis. The Economic Council and its esteemed members have been working for the economic interests of the Federal Republic of Germany for over 60 years. As one of the many good interest groups in our country, it embodies the essence of civic participation in a modern democracy.”
Jochen Werne
The President of the Economic Council, Astrid Hamke, summarised the event as follows:
“To celebrate our anniversary “60 years of Wirtschaftstag – Werte. Prosperity. Cohesion.”, the Business Day was a two-day event. At the opening, we were able to welcome Federal Chancellor Olaf Scholz, who spoke in a – of course pre-arranged – series of speeches after the Belgian Prime Minister Alexander De Croo, BASF CEO Dr Martin Brudermüller and myself. For all our substantive criticism of the traffic light coalition, I must say that the Chancellor responded to our arguments with aplomb. Germany is facing immense challenges due to the fundamentally changed world situation, which must be mastered in addition to decarbonisation, digitalisation and improving competitiveness.”
The Economic Council (Wirtschaftsrat der CDU e.V.) is a German business association representing the interests of more than 11,000 small and medium sized firms, as well as larger multinational companies. We provide our members with a platform to engage in a continuous dialogue with leading decision makers, both in Germany and Europe. We advocate economic policies which best reflect the principles of a social market economy as envisaged by Ludwig Erhard, Minister for Economic Affairs in the German Federal Republic between 1949 and 1963 and one of the co-founders of the Economic Council.
Members
Our members are drawn from all sectors of the business and entrepreneurial community, including banking and finance, insurance, the automotive and chemical industries, healthcare and high-tech. Members can be companies, independent business executives or freelance professionals.
The diverse nature of our membership yields significant political weight when addingpolicy proposals to the political agenda. We ensure that the principles of the social market economy are taken into account within the decision making process, not only in Berlin and Brussels but also in the German federal states.
What does the Economic Council do?
We organize over 2,000 events annually at all levels of the council. These range from one-off events aimed at highlighting particular areas of interest to regular annual events such as the Europe Symposium, Conference on Energy Policy and Wirtschaftstag. These events are attended by high ranking politicians, academics as well as members of the business community. They attract significant regional and national media coverage.
The way the economic council works reflects the three tier structure of the association with offices in Berlin, the German federal state capitals (with the exception of Bavaria) and Brussels.
Following the inspiring examples of only.one, beachcleaner.de, blue-awareness.com and many others, the Global Offshore Sailing Team also followed its long-standing tradition of standing up for the sea by supporting UNEP’s Global Goals during Expedition Andaman Sea 2023. The Expedition Corps consisted of Guido Zoeller, Jochen Werne, Benon Janos, Marco Schroeter, Sascha Adam, Sven O. Mueller, Sven Streiter, Christoph Impekoven and Viktor Metz.
On 19 April 2023, the team landed on the remote tiny southern beach of Ko Hi. Despite its remoteness, the beach contained an enormous amount of plastic waste that had accumulated there over the years. The team cleaned parts of the beach and brought everything possible to the base, where it is now sent to the recycling process.
UNEP’s Clean Seas Initiative and the Valiant Efforts of the Global Offshore Sailing Team
The United Nations Environment Programme’s (UNEP) Clean Seas Initiative is a vital global effort aimed at combating marine plastic pollution, a pressing environmental issue that threatens the health of our oceans and marine life. By rallying governments, businesses, and individuals to take decisive action, the Clean Seas Initiative is making significant strides towards achieving the Sustainable Development Goals (SDGs), particularly Goal 14: Life Below Water. A shining example of dedicated environmental stewardship is the Global Offshore Sailing Team (GOST), whose remarkable contributions have been recognized with the prestigious Bavarian States Medal.
Launched in 2017, UNEP’s Clean Seas Initiative has been instrumental in raising awareness and promoting effective solutions to tackle marine pollution. It engages stakeholders at various levels, encouraging them to adopt sustainable practices, reduce plastic production and consumption, and implement policies that protect the world’s oceans. As a result, the initiative has made considerable progress in fulfilling the targets set under SDG 14, which focuses on conserving and sustainably using marine resources.
The Global Offshore Sailing Team, a passionate group of sailors and environmentalists, has been a crucial ally in this fight against marine plastic pollution. Through their expeditions, GOST has taken the message of the Clean Seas Initiative to the most remote and inaccessible parts of the world’s oceans. Their dedication to raising awareness, conducting research, and collecting vital data on the impact of plastic pollution on marine ecosystems is unparalleled.
Throughout their journeys, GOST has engaged with local communities, schools, and institutions, empowering them with knowledge and resources to join the battle against marine pollution. They have also forged partnerships with various organizations, further amplifying the reach and impact of the Clean Seas Initiative.
In recognition of their unwavering commitment to environmental conservation, the Global Offshore Sailing Team was recently awarded the Bavarian States Medal. This prestigious honor reflects the immense value of GOST’s work in championing the goals of the UNEP’s Clean Seas Initiative and their broader contributions to the global sustainability agenda.
The achievements of the Clean Seas Initiative and the Global Offshore Sailing Team are a testament to the power of collective action in addressing the urgent issue of marine plastic pollution. Their inspiring efforts serve as a reminder that every individual, community, and organization has a role to play in safeguarding the health of our oceans and preserving them for future generations.
Congratulations to all who have continuously worked to protect our oceans, paving the way for a unique global agreement.
March 2023 is a month of hope, a victory for diplomacy, and a ray of hope for our oceans and us humans living on this beautiful blue planet.
Jochen Werne commenting on the “High Seas Treaty”, the historic agreement reached by UN delegates to protect marine biodiversity in international waters
Following the 1951 Antarctic Treaty, the Convention on the Protection of Marine Biodiversity in International Waters is an important step towards achieving UNEP’s SDG targets and thus a better world for us all.
As members of the Global Offshore Sailing Team, which has been working to promote environmental awareness since 1999, we are very grateful to the dedicated diplomats for reaching such a milestone in history.
For everyone interested please read more on the “High Seas Treaty” here:
United Nations: UN delegates reach historic agreement on protecting marine biodiversity in international waters https://news.un.org/en/story/2023/03/1134157