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Event News 17/05/2017
Tech Summit 2017 @ ICT Spring 2017

On May 9th and 10th, more than 5,000 of professionals gathered at the European Convention Center Luxembourg to discuss the latest digital, space and tech trends, and notably emerging IT trends & technologies, cybersecurity, but also the rise of machines, with experts from all over the world sharing their knowledge and vision.

Emerging IT Trends & Technologies

The first morning of the Tech Summit started with Master of Ceremony Michaël Deheneffe, Innovation & Strategy Director, Business & Decision, stating: "Until recently, the company was in silos, we were in the area of planning. But today, digital practices blow up silos and data volumes. We are entering the era of responsiveness and agility". As a matter of fact, mainstream digital culture enters the company and modifies it operations. "The data is everywhere, rich, but often trivial, incomplete or false. It can overwhelm the company if its flow is not properly processed. Data is at the heart of the company…but we must make it intelligible" he concluded.

Henri Isaac, Vice President of Digital Transformation, Paris-Dauphine University, then took the stage for a presentation entitled "Should university turn into a digital platform not to become obsolete?". Mr. Isaac focused on the brand experience value chain, and described several new learning experiences, and ended his presentation by giving the audience the keys to redesigning the higher Ed value chain in the digital era, by offering on campus "maker" pedagogy, packaged services offers, by focusing on b2b relations and by promoting transdisciplinary and meta-skills.

Sabri Skhiri, R&D Director, Eura Nova, then shared his Data Architecture Vision. "The three usual drivers of digital transformation are the need to reduce cost, make new revenues and sell better. The common resource here is the data" added Mr. Skhiri. Yet, companies face many challenges: how can I integrate my proof of concept with my IT systems? How do I organize my data? How to conciliate BI and analytics? He concluded: "Depending on your business, constraints and market, you need a customized data architecture, which must also be future proof".

Philippe Henaux from the City of Metz and Emilie Pawlak from Nancy then presented the activities and advantages of LORnTECH, notably the number of young talents studying in the Lorraine region, the variety of training and education programs concerning digital, more than 100 private and public research laboratories, etc. "Our objective is to stimulate the emergence of projects and an entrepreneurial culture, but also help startups grow faster" added the LORnTECH experts.

"Opportunity of investments in innovative startups" was the name of the speech given by Galina Degtyareva, Senior Analyst, Maxfield Capital. "We are using flexible revolving principles in choosing investment opportunities: initial topics are being validated first and those rejected are constantly replaced with new ones" explained Galina who then analyzed several portfolio cases: Parallels, Jelastic and NFWare.

Dr Jorge Sanz, Professor at the LIST – Luxembourg Institute of Science and Technology – focused on the next challenges for Business Analytics in enterprises. "There are several knowledge areas building the BA domain: business competence, organization processes, modeling and technology..." added Dr. Sanz who then gave the key to reach an honorable – and generous – reconciliation between BA analytics experts and Data Science experts.

Todd Hildebrant, Senior Manager, PwC Luxembourg, then listed emerging IT Trends and Technologies and shared good practices on how to prepare infrastructure for these trends: "PwC has identified five megatrends that we believe are re-shaping the global economic and commercial landscape: demographic and social change, shift in global economic power, rapid urbanization, climate change and resource scarcity and finally, technological breakthroughs".

The morning conference ended with a startups insights session with Su Min Lee presenting the young company Delivery Services.

Cybersecurity insights

Michael Hofmann, CEO, KPMG Services, acted as master of ceremony for the cybersecurity session and listed key security trends: external threats, change in the way business is conducted, rapid technology change, regulatory compliance and changing market and client need.

Jornt van de Wiel, Security Researcher, Global Research & Analysis Team, Kaspersky Lab, gave a presentation entitled "How to rob banks digitally using nothing but a PC (and sometimes a drill)" and guided the audience through history from 1994 to 2017 with infamous stories such as the Skimmer ATM hack in 2008 or Barnaby Jack's presentation at the Back Hat conference in 2010 where he exploited two ATMs on stage.

His presentation was followed by a speech delivered by André Loesekrug-Pietri, Founder & Managing Partner, ACAPITAL & HESTIA European Security Technologies Innovation Fund, who shared some myths and realities with the audience, focusing on cyber, AI and critical Technologies.

Jérôme Totel, Vice President Product & Sales Engineering, DATA4 GROUP, and Bertrand Le Saulnier, Sales Director, InterCloud, then presented the advantages of Digital Hub, which is a secured Hybrid IT environment. "We need to adapt to our world which is changing due to data explosion, an increasing number of cyber threats, the need for fast and secure access to data, and also new regulations" added the experts. "More than 25% of CIOs plan to invest in Hybrid IT, composed of private data center platforms as multiple cloud solutions".

Martin Overton, EMEA Cyber Risk Specialist, AIG, shared first response examples, statistics and lessons with the participants of the Tech Summit. " Since introducing cyber liability insurance in 1999, we have helped thousands of companies and more than twenty million individuals respond to a cyberattack" highlighted Mr. Overton. In order to prevent themselves from cyber threats, insurance companies are working with customers to help them improve their security maturity via partner services, consultancy and learning from others' mistakes and failure. He concluded: "Know your crown jewels – identify and locate critical information assets and trade secrets".

A round table entitled "cyberattacks & hackers landscape" moderated by Michael Hoffmann brought together Eric Chassard (Head of Security Red Team, POST Luxembourg), André Loesekrug-Pietri, Martin Overton and François Thill (Assistant Director Communications, Ministry of the Economy and Foreign Trade Luxembourg).

The latter then gave a presentation on the upcoming Cybersecurity Competence Centre which will soon be created in Luxembourg and which he described as a partnership approach for Threat Intel, Training and Testing. "The main challenges we are facing right now are fast moving targets, a lack of skilled people, a need of intense collaboration and a regulatory framework which will increase in complexity. Cybersecurity needs a transversal and cross-sectorial approach. It as a collective challenge" underlined François Thill.

To read the full article click here.

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