13th TIME Economic Forum is a joint initiative of the biggest and the most active ICT organizations and businesses. It will be held online on 8-11 March 2021, with the focus on four major topics, i.e. infrastructure, industry, finance and services.
5G NETWORKS – THE KEY TOOL FOR DIGITIZATION OF ECONOMY
One of the biggest challenges we currently face is how to reorient the Polish energy sector to innovative development. This challenge requires a brand-new legal environment which will provide for fueling the entire economy from renewable energy sources. This means:
- profound changes in the entire legal system in force, which currently inhibit the technological development of the energy sector,
- implementation of remedial programs allowing for accelerated digitization and modernization of power and gas transmission and distribution grids,
- opening the market to safe investments in renewable energy sources and energy storage, which will allow for the acceleration of investment processes,
- opening the market to green hydrogen and other environmentally neutral fuels (e.g. methane produced on the basis of environmentally neutral technology),
- relying network-supporting markets on power storage solutions.
Implementation of the EU roadmap 2050 requires a rapid expansion of railway networks and their power supply from renewable energy sources. In principle, the gas grid must become an integral part of the energy system based on RES. The same applies to the fuel sector, which shall be converted into a long-duration energy storage sector. Hence the need to accelerate investments in industrial-class data transmission infrastructure (currently in form of 5G networks), since it is the most effective tool for digital integration of the entire network infrastructure.
Replacement of the obsolete technologies is required in order to meet the coming challenges
- Industry 4.0
- customs and environmental regulations,
- method of providing power services,
- responsibility in terms of entire product life cycle,
- competition and consumer protection,
- adjusting workplaces to operation in network environment,
- materials and raw materials supply chain,
- cooperation with recycling industry plants.
DIGITIZATION OF THE FINANCIAL SECTOR
The current political changes accelerate the digitization processes of financial and banking systems. The main challenge is how to design the structure of its financing system. Issues of particular interest include:
- digital currencies in Poland and abroad
- implementation and settlement of transactions carried out via digital platforms
- digital money creation
- financial tools that initiate and support global cooperation in building of circular economy
Building circular economy will accelerate the digitization of existing services and lead to creation of a whole new portfolio of digital services. Projects of development of digital services supporting traditional tangible and intangible services may be particularly interesting. Services provided electronically are products of digitization of traditional services or constitute completely new offerings designed in the virtual reality. We encourage you to take part in the following discussions:
- digital health services and tools
- medical service digitization
- worldwide service digitization
- materials and raw materials circulation monitoring services
- digital service platforms
- digital integration of products and services
The issues presented above are of particular interest to digital businesses. These and many more subjects will be the subject of presentations and discussions during this year’s Forum. We want to adapt to the dynamic changes taking place in our environment, which force companies to adjust in various areas, including the business models applied.
13TH TIME FORUM PROGRAM PROPSOALS AND THEIR EUROPEAN CONTEXT
In line with the new EU economic vision, the European Commission has prepared and implemented a comprehensive package of new regulations, directives and decisions that will change the priorities of economic policy and the rules of conducting business. The policy of rapid double transformation, i.e. digital and ecological transformation, is being implemented. It’s supposed to result in a faster increase in the scale of operations of EU digital businesses. The COVID-19 pandemic changed our lives so far and caused a global crisis. However, it also proved that the digital industry is resilient to such risks, which is reflected in the acceleration of digitization of all business processes. Moreover, it has become another argument for economic policy to take into account all the effects of globalization. There exists an evident need for a thorough reorganization of value chains and sources of supply, taking into account the requirements of an environmentally neutral, networked Circular Economy. The Polish economy as a whole, and the digital industry in particular, stand a chance for another qualitative and civilizational leap. Thus, it is in our interest to streamline the efforts of national business organizations, professional associations and chambers of commerce to actively participate in the process of creating a digital green EU economy. We want to meet the urgent need to adjust the legal ecosystem to the development requirements of the industry and to draw conclusions from the COVID-19 pandemic. The importance of data in business processes will grow rapidly. Therefore, the issue of digital independence will be on the agenda in all four areas: infrastructure, industry, finance and services. The shape of the new legal environment will largely depend on the most active and creative actors in the digital industry. The scale of benefits that we can obtain as a result of the change in the EU economic system depends on to what extent we will be able to influence the shape of new legal regulations. The potential competitive advantage of EU companies is the access to the world’s largest, innovative, single market. Therefore, the main topics of the 13th TIME Economic Forum will cover issues of digital security, quality, innovation and a uniform legislative ecosystem that will ensure equal and unhindered access to the entire EU market for all EU companies. We will also discuss which regulations can ensure the real competitiveness of environmentally neutral technologies and products. Only with the help of information technology can we build an economic ecosystem that will make „carbon leakage”, resulting in many types of economic activity being driven out of the EU, a thing of the past. Due to the scale of the EU market, obtaining economic benefits from the digital transformation that we observe in other markets will become possible. We are aware that that our main weakness, which hinders the achievement of economies of scale, is the persisting insufficient level of EU market integration. To make Europe the birth and growth place of global digital companies we need a true reformation. We have all the potential and possibilities to activate the mechanisms of synergy of EU and national spending, but only together can we accelerate the integration processes of the EU digital industry, as we indicated in the summary and conclusions of the 12th Forum – more.