Interesting takeaways from Forbes Tech 2023 conference

Openness to new things is a quality that is inherent in our employees. This soft skill simply does not allow us to slow down! Monitoring global trends, getting to know technological innovations, sharing experiences and networking, attending forums, etc., allow us to grow professionally, improve products, and optimize internal processes in the company.

Recently, Oleh Burkalets, Head of the Digital Transformation Department, attended the Forbes Tech 2023 conference. What opportunities and threats for business does the coming year bring us in terms of the emergence and improvement of new technologies? We are sharing the impressions and takeaways from the conference.

“At the Forbes Tech 2023 conference, many presentations were devoted to the development of AI, which is not surprising, as it is indeed the most interesting and promising topic of this year. It was helpful to hear about the priority areas where AI will be able to bring more results over time. So, we checked our compasses with our colleagues and set the vectors of KNESS development in the field of digital transformation for the next few years. We are not deviating from the course: we plan to develop transparent principles of IT project portfolio management, focus on analyzing and presenting data in digital format (Big Data), and continue to develop a progressive environment united by a common vision and values,” — shared his impressions after the conference Oleh Burkalets, Head of the Digital Transformation Department in KNESS.

Interesting takeaways from the conference:

• “Data is the new oil” is a statement by British mathematician and data scientist Clive Hamby going back to 2006 that is gaining peak significance today.
• The development of AI technologies will cause the same revolution as the emergence of the Internet or smartphones. Key areas of AI use include sales, support, marketing, operations, and content generation.
• Over the next 5 years, AI will be 2-3 times cheaper and 3-4 times smarter, and GPT will be able to switch to new versions within a day.
• Digital transformation is a task that should be the focus of every manager on an ongoing basis. After all, digitalization significantly speeds up all processes, optimizes work, and increases task efficiency, thus allowing for better and faster business development. At the same time, this is a constantly evolving industry, so it is important to follow global trends, implement them, or create them.
• Developing employee competencies is a powerful competitive advantage for any company. Especially important is the ability of staff to master new tools, including technological innovations, as well as the willingness to change and initiate changes for improvement.