Ibec's vision for a globally competitive digital economy that delivers jobs, growth, and prosperity in Ireland will be explored in greater detail at a seminar in the Lyrath Estate Hotel, Kilkenny on Wednesday, 24 May.
'Delivering in the Digital Age' is a free event, partnered by Electric Ireland, aimed at business leaders in the South East area, to increase their understanding of digital advancements and to assist companies' preparations for compliance with upcoming EU General Data Protection Regulations (GDPR), which come into effect in May 2018. The seminar aims to empower employers and employees alike to promote better use of digital innovation in their products and services and will see talks given from a range of industry leaders as well as from the Office of the Data Protection Commissioner.
Speaking ahead of the seminar, Ibec's head of Digital Economy Policy, Erik O'Donovan, stated: "The use of digital tools and data across our economy deserves particular attention from Irish business and policy makers. At 6%, Ireland's digital related GDP is higher than the EU average of 5.7%, as well as that of the G20, which stands at 5.3%. Coupled with this, the economic impact of digital uptake is 12% higher in Ireland than it is in an average of high income countries. However, we cannot take this potential for granted, especially in the face of Brexit and intense global competition. Ireland must increase both the ambition and pace of it's digital development.
"Creating an environment that enables continued investment in digital infrastructure, skills and innovation in Ireland that will enable job creation, growth, and improvements to our public services. In this context, Ibec is launching a regional campaign across the country that underlines the urgency of building on the telecom industry's annual network investment of €500m in high speed broadband deployment to Irish businesses' showcases examples of digital innovation across our economy; and assists businesses to innovate with data securely.
"The new GDPR will come into effect in May 2018 and businesses need to act now to ensure they remain compliant. During the free Ibec seminar on Wednesday, 24th May, industry leading experts, including the Office of the Data Protection Commissioner, will explain in detail how these regulatory changes impact your business and what you need to do before these new laws are in place. The event provides an opportunity for companies across the region to meet with their peers, create business collaborations, and gain insights in to how secure innovation with digital tools and data can lead to business success".
The Ibec regional insights series 'Delivering in the Digital Age' launched in April and will continue on throughout May in several locations across the country. These free events are partnered by Electric Ireland and Three, and will provide practical insight and support to conduct your business in the digital world. Register at: www.ibec.ie/insightsseries. Booking essential. Places are limited.