Data is truly the new Oil: KPMG LUX reports on my presentation at the Luxembourg Business Compass Conference

“Big Data. Big Intelligence. Big Opportunities”  This was the message of futurist Gerd Leonhard at the Luxembourg Business Compass conference organised by KPMG and Luxemburger Wort. Gerd, a former musician and internet entrepreneur turned futurist, gave his view on how Luxembourg could find its niche in a highly networked future: a future fuelled by exponential growth in technology.

“If Luxembourg doesn’t become indispensable, it will be dispensed with. Big data means big opportunity and huge responsibility. An effective ecosystem will need to be created around this data and Luxembourg could become a super-node in this network.”

He warns, however, that Luxembourg will not be able to do this alone.

‘We’re in an era of hyper-collaboration. Openness fuels growth. You’ve got companies like GSK who recently opened up its drug research to help find new treatments for health challenges. There’s Google who allows any developer to use their Android platform to create and sell their apps. An acceptance to being open is needed. The process is there in Luxembourg, just look at banking secrecy. But long-held advantages are being lost and accepting that as a reality is overdue.’

via Data is truly the new Oil | KPMG | LU.

Slides are available at www.gerdcloud.com

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