A new economic order is taking shape
The eleventh Journée de l'économie organised by the Ministry of the Economy, the Luxembourg Chamber of Commerce and FEDIL - The Voice of Luxembourg's Industry, in cooperation with PwC Luxembourg, has welcomed 250 participants this year.
This conference strives to be an annual platform for analysing and reflecting on various economic topics relevant for Luxembourg and the Greater Region area. It is not targeted at one particular audience only, but aims at gathering entrepreneurs, representatives from public and private institutions, politicians and, more broadly, any economics-interested citizens alike.
For this edition, the conference focussed on The Company of the Future, one of the major challenges to make the most of the changes brought about by the digitisation of our society and of our economy.
How does digital change the way we interact? How has it changed the bonds of trust between individuals and the nature of our relationships with companies? And how does it influence public policy?
On the morning, variety of keynotes speakers have discussed about challenges of tomorrow's economy. Companies must consider that disruption is the new normal and, on the other hand, must accept that technology has paved the way for a new economic model, that of the sharing economy.
Through a variety of examples such as Uber, airbnb or YouTube, economics professor Arun Sundararajan, the Robert L. and Dale Atkins Rosen Faculty Fellow at New York University's Leonard N. Stern School of Business, enabled delegates to understand the fundamental differences between a centralised production which characterises the way traditional companies operate and an economy built on digital platforms produced by users, who in turn provide content or services themselves.
The ministry intervention described the implementation of the report on the third industrial revolution issued by Jeremy Rifkin in late 2016. According to the Luxembourg Minister of the Economy, a digitised economy will need to become even more sustainable.
In the afternoon, participants were able to brainstorm on the company of the future by taking part in workshops on human resources, industry 4.0, cybersecurity or the smart office. Their design allowed an interactive exchange moderated by experts on different yet related topics.
As a conclusion of the day, Luxembourg can clearly have faith in its own abilities to become a global innovation platform and thus turn the challenges posed by the report on the third industrial revolution into opportunities.
The enrolment fees will be given to Jonk Entrepreneuren to help them in their continuing efforts to stimulate and to support entrepreneurship in Luxembourg.
We would like to thank everyone for helping us to make this edition a success!