Digital Summit Sheds Light on the AI Revolution

The Digital Summit held on April 24 in Vaduz dedicated itself to the current AI revolution. At the region’s leading digital conference, high-profile experts and industry representatives, including those from Amazon Web Services (AWS) and Palantir, discussed the success factors of Artificial Intelligence for both the economy and government.

Digital Summit Event Wrap-up – “Digital Summit beleuchtet die KI-Revolution” (Digital Summit Sheds Light on the AI Revolution)

The Digital Summit is a flagship event of the digital-liechtenstein.li location initiative. Its seventh edition, themed “From Algorithms to Applications – The AI Revolution,” highlighted the opportunities and challenges of Artificial Intelligence from various perspectives. Over 350 decision-makers and digital enthusiasts attended the event to engage in high-level presentations and informative discussion rounds.

Opportunity for State and Economy

On behalf of the host, Board President Lothar Ritter provided insights into the current activities of digital-liechtenstein.li and emphasized the importance of the Digital Roadmap for Liechtenstein. digital-liechtenstein.li had published the strategy paper four months ago, outlining over 50 measures to position Liechtenstein among the most modern countries in terms of digitalization by 2030. Subsequently, Markus Mayer, Deputy Head of the Office of Informatics, presented ongoing digitalization projects and e-government initiatives from the government’s perspective.

The first keynote speaker, Dalith Steiger, an AI expert and serial entrepreneur, guided the audience through the complex world of new technologies, discussing their possibilities and limitations with concrete examples. She explained how AI will capture every industry, leading companies to automate their processes, enhance efficiency, and develop new solutions.

Huge Potential for Switzerland and Liechtenstein

Data storage in the cloud plays a significant role in the deployment of AI. Christian Keller, head of Amazon Web Services (AWS) Europe, one of the world’s largest providers of cloud solutions, is convinced: “AI is still at the very beginning of a long race – similar to the early days of the internet. However, the impact that AI will have on the way we work is already very significant and will undoubtedly increase.” According to a recent AWS study, every third company in Switzerland already uses AI applications today. This trend is expected to massively increase in the coming years. The study estimates the potential for the Swiss economy at around 127 billion Swiss francs.

Interesting Glimpse into Estonia

After the refreshment break, the audience’s focus shifted to Estonia. The Baltic state has developed into a model country where virtually all administrative processes are digitized. Florian Marcus presented the basic principles for a digital society and explained how governments and administrations can excite their populations for digital services. Marcus, formerly with e-Estonia, now supports other countries in their digital transformation. After his speech, he discussed concrete experiences and examples with Liechtenstein’s Deputy Prime Minister Sabine Monauni and Christian Wolf, partner at BDO Liechtenstein and board member of digital-liechtenstein.li, to ensure the success of digitalization projects.

Do Not Miss the Connection

To conclude the event, Akshay Krishnaswamy, Chief Architect of Palantir, a leading global software company in the AI sector, took the stage. Flying in from San Francisco, he explained to the audience how data-driven decisions based on AI work. Governments, companies, and even intelligence agencies worldwide rely on software from Palantir to make critical decisions in real-time using their wealth of information and data. Krishnaswamy encouraged attendees to be open to the possibilities and challenges of new technologies to not miss the AI revolution.

AI Photobooth Draws Interest

Following the event, the over 350 guests had the opportunity to network and share their experiences during the networking apéro. A crowd favorite was the AI photobooth from the University of Applied Sciences Eastern Switzerland. Numerous participants took the opportunity to have a picture of their face taken and inserted into a background of their choice based on AI.

The Digital Summit is organized by the location initiative digital-liechtenstein.li. The initiative supports Liechtenstein in its digital transformation and is supported by around 60 companies and organizations as well as by the government and the princely house.

Original article in german.

Contact: Ministry of Interior, Economy and Environment
Patrick Stahl,
Event Agency Skunk AG
T +423 231 18 28
stahl@skunk.li