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Navigating the Nexus of Innovation, Regulation, and Investment: The Tech Industry’s Role in Shaping Policy and Social Progress

SpeakerS:

Sissi Cao, Business Editor, Observer
Mayor Sadiq Khan, Mayor, Greater London Authority
Jacqui Canney, Chief People Officer, ServiceNow
Nicholas Logothetis, Co-founder and Chairman of the Board, Concordia

With Lead Programming Sponsor

“I think AI offers both promise and peril, but if you look back at our history, there's always been innovation that's offered both promise and peril.” Mayor Sadiq Khan
“The one thing we haven't talked about is people who want to learn technology that aren't in the technology sector today, and that is another area of focus for my company. We expect that we're going to have 3 million learners on our platform in 2027.” Jacqui Canney
“We view our role at Concordia to facilitate what the mayor said, which is to have government and business and the nonprofit sector come and have conversations like this.” Nicholas Logothetis

Key takeaways:

  • The role of technology in urban development: With urbanization expected to reach 70% by 2050, there’s a need to plan for growth by ensuring access to decent housing, public transport, and facilities where people live, work, and play. 
  • Data sharing initiatives: For example, real-time air quality monitoring, have significantly improved environmental conditions. By using air quality sensors and bold policies, London will bring its air within legal limits 184 years earlier than previously projected. 
  • The workplace integration of AI and tech: Will spur productivity and creativity, leading to a more skilled and innovative workforce. Combining productivity with creativity enhances the capabilities of companies, communities, governments, and educational institutions.
  • Public-private collaboration: Governments, the private sector, NGOs, and the public must come together to address the challenges posed by technological advancements and harnessing them for societal benefits. To facilitate collaboration, Concordia announced London as the location of the 2025 Concordia Europe Summit, set for Spring 2025. 

Action items:

  • Policies promoting tech innovation: Advocate for initiatives that encourage data sharing and the appointment of digital officers to improve urban living conditions.
    • Invest in digital infrastructure: Emphasize the need for solid digital infrastructure in workforce development to close social and economic gaps.
    • Access to tech education: Encourage programs that provide learning opportunities in technology to a broader audience, helping to bridge socioeconomic and gender divides.
  •  Regulations on AI and misinformation: Support the development of regulations and technologies that detect and prevent the spread of deep fakes and misinformation.
    • Foster public-private partnerships: Participate in or support collaborations between government entities, private companies, NGOs, and the public to effectively navigate the nexus of innovation, regulation, and investment.
  • Plan for sustainable urban growth: Advocate for comprehensive urban planning that accounts for increasing urbanization, ensuring access to essential services and maintaining quality of life.

 

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