The theme of the Digital Economy Forum in Milan aka FED (Forum dell’Economia Digitale) is “Globalization, digitization and innovation: New models of globalization and challenges.” This year’s edition of the event will cover these issues and more. Here are the main topics covered. We hope to see you there! Besides the prestigious speakers, you’ll also be able to network with a number of innovative businesses and organisations. Moreover, you can learn how to create your own successful digital business!
Globalization and digitization
The debate around digitalization is an ongoing, global debate. While digitalization offers many benefits, it also poses many challenges, including the potential for greater global inequality and an “underclass” of excluded citizens. Internet usage varies widely across the world, ranging from 87% in high-income countries to under 17% in low-income nations. This widening gap in access to the internet is particularly alarming during an era of substantial polarization and challenges the stability of the global economy.
The digital economy is changing business practices and competition across borders. It has opened doors to small companies, startups, and billions of people from all over the world. These technological advances make it easier than ever to compete in global markets. Digital platforms also help increase competition and innovation. They have also made it possible to create cross-border connections. Those advantages, combined with greater access to data, are transforming the way businesses compete.
New models for globalization
The Digital Economy Forum is a two-day event that will take place in Milan, Italy, from February 17 to 19. Hosted by Facebook Italia and Confindustria, the Forum features a rich program with top speakers from all over the world. The FED – Digital Economy Forum will bring together opinion leaders and captains of industry to discuss the future of the digital economy. In addition to speakers like Brunello Cucinelli and Nerio Alessandri, the event will also feature many high-profile fashion designers.
In the past decade, the world has witnessed the rise of many new economic models. The most prominent of these models is digitalization. It is a method of generating economic growth by leveraging new technologies. However, it has also created an uneven playing field in which first movers enjoy enormous advantages and those left behind are at risk of falling behind. As a result, antagonism toward globalization has increased dramatically. Climate change and changing consumer expectations have contributed to this shift away from global production. Fab Five technologies help manufacturers know their customers better than ever before, enabling them to focus on customization and close-to-market production.
Impact on society
The digital revolution is global, but the pace of policy reaction is largely national and regional. The response to automated production technologies will differ greatly across societies, reflecting varying economic structures and societal preferences. Policy responses to the digital revolution will likely address issues such as rising inequality, increasing digital literacy, and addressing the impacts of technological advances on human rights. Global cooperation and policy dialogue will likely focus on these issues. To that end, the Impact of Digital Economy Forum on society will focus on how to achieve that goal.
This Forum, which is organized annually by the Southern African Development Community, has many implications. It will help the regional economic community develop a draft model law that will guide how these policies should be implemented. In addition to addressing national issues, the Forum will focus on training African talent for digital development. The Southern African Development Community (SADC) Parliamentary Forum is preparing a draft model law for its regional economic community. Digitalization is a growing sector of global society, and it affects nearly every aspect of human life.
Challenges
The Future of Tomorrow event at the Digital Economy Forum in Milan was aimed at analyzing the state of Italy’s digital world. Davide Casaleggio, the president of Casaleggio Associati and founder of Rousseau Association, a direct democracy platform of the 5 Star Movement, explained that Italy needs to get back on the road of digital innovation, despite the fact that only 1.34% of GDP is allocated for research and development. The event was a unique opportunity for young researchers to present their research and discuss the challenges they face.
The G20 was the first meeting of the Global Forum on the Future of the Digital Economy, and Italy’s presidency placed digitalisation at the forefront of its discussions. Among the topics the Italian presidency focused on were “G20 Menu of Policy Options on Productivity Enhancing Digital Transformation”, and the “G20 Multistakeholder Forum on Consumer Awareness and Protection” and “Blockchain for Traceability in the Digital Economy”. The conference also highlighted the growing risks to consumers from online transactions and education.
Opportunities
The digital economy has been evolving rapidly and this event will showcase the latest trends, technologies and applications. The Digital Economy Forum is organized by Facebook Italy and Confindustria and will feature an extensive program with world-renowned speakers. Among the panelists will be Brunello Cucinelli, Nerio Alessandri and other opinion leaders. The Forum aims to foster innovative ideas and foster new business models.
To help create a more sustainable future, the event will feature interactive workshops on various topics. The first edition of this event, entitled “Innovation for Sustainable Development,” featured over 30 topics and 20 subject experts. Participants will have the chance to hear from people working on the cutting-edge aspects of technology and sustainability. The event is co-sponsored by ELIS, Fondazione Pistoletto, and Interreg Mediterranean Green Growth.