The Digital Summit in Liechtenstein brought together decision-makers from business, politics, and science to discuss digital trends. Read up on this year’s key topics.

The Digital Summit is one of the flagship events of The conference took place on 19th October in Vaduz and attracted more than 300 participants, mostly from Germany, Austria, and Switzerland. Among them were digital decision-makers, politicians, financial industry representatives, and business enthusiasts interested in digital topics and Liechtenstein as a location to do business.

Digital opportunities

Every year, the event featured presentations of top-class speakers from business, science and politics, live in Vaduz, and online via live stream. Liechtenstein’s Deputy Head of Government and Minister of Economic Affairs Sabine Monauni opened with the welcoming speech. She touched on the opportunities and risks of digitization and the basic prerequisites for successful digitization.

Liechtenstein itself is a good example. The country has established institutions and regulatory bodies to drive its digital transformation and even introduced new legislation such as the Blockchain Act in 2020. Monauni emphasized that Liechtenstein has the best prerequisites to step into the digital future successfully. “Let’s tackle it, step by step, with courage and the necessary foresight,” she said.

As the next speaker, futurologist Joël-Luc Cachelin spoke about the future of innovations. He provided potential explanations for why digital innovations often offer little sustainable benefit and how companies and organizations can break out of traditional thought patterns to be successful. For more on that, you can read his new book ” Antikörper – Innovation neu denken.”

The rise of cyber threats

The star of this year’s event was the world-renowned cybersecurity expert Eugene Kaspersky. He co-founded what’s today the world’s largest private provider of endpoint protection and cybersecurity solutions. In his keynote titled “Cyber Immunity for Cyber Age,” Kaspersky spoke about the increasing cyber security risks and ways to protect ourselves.

“We can expect attacks from cybercriminals to grow exponentially in both complexity and volume over the next ten years,” said Kaspersky. “So the problem will not be completely solved in the foreseeable future.”

Kaspersky came to Liechtenstein from Moscow for the Digital Summit and to meet politicians. He had an exchange with Hereditary Prince Alois von und zu Liechtenstein and Head of Government Daniel Risch. Liechtenstein is well aware of the rising cyber threats, a development recently demonstrated by the hack at Liechtenstein University. The police have established a specialized unit to tackle cyber criminality.

The future of work

The conference ended with Catrin Hinkel, Head of Microsoft Switzerland, addressing the challenges of the new world of work. In her keynote, “The genie is out of the bottle,” she explained how the Corona pandemic has overtaken traditional work structures and what lessons can be learned from the past year. Her suggestion was to use the pandemic as a chance to redesign current working models and customer service to jumpstart into the digital era.

Breakout sessions

Besides the keynotes, the Digital Summit featured several breakout sessions. Topics were cybersecurity, blockchain, and the data economy. Kaspersky and MTF Micomp presented cybersecurity. Liechtenstein-based blockchain unicorn Aeternity and the Innovation Center RhySearch provided insights into the latest blockchain applications. Microsoft showed how a smart data economy makes new business models possible.

Digital entrepreneur Sunnie Groeneveld moderated the Digital Summit. It is organized by the local initiative, which supports Liechtenstein as a business location in its digital transformation and is backed by more than 50 companies and organizations and the Liechtenstein government.

Image: (c) Digital Summit