Panel Session Held on “Intelligent Economies: AI, Innovation and Digital Transformation”

As part of the 2nd Azerbaijan International Investment Forum, held in Baku under the patronage of President of the Republic of Azerbaijan Ilham Aliyev, a panel session titled “Intelligent Economies: AI, Innovation and Digital Transformation” was held.

Opening the panel session, Deputy Minister of Digital Development and Transport of Azerbaijan Rashad Hasanov highlighted the role of the widespread adoption of artificial intelligence technologies and the promotion of innovative transformation in increasing productivity and transforming business processes. He also emphasized the importance of developing digital infrastructure, innovation ecosystems, as well as systematically advancing digital transformation across government, business and society in shaping an intelligent economy.

The panel session, moderated by Corrado Panzeri, Partner at Italy’s The European House – Ambrosetti & TEHA Group and Head of InnoTech Hub, brought together Muhammet Kasım Gönüllü, Deputy Minister of Industry and Technology of Türkiye; Dana Altybay, Managing Director in CIS and South East Europe at the U.S.-based HPE; Jason Rees, Senior Vice President for Technology Engineering in Europe, the Middle East and Africa at the U.S.-based Oracle; Karim Taga, Global Head of Functional Practices at the U.S.-based Arthur D. Little; Felix Wenger, Senior Partner at McKinsey & Company’s Zurich office and Leader of McKinsey’s European Wealth and Asset Management Practice; Estera Haas-Abgarowicz, Director of the AI Department at Poland’s Asseco Poland; and Khalid Alaamer, Investment and Trade Policy Expert at the World Economic Forum (WEF).

Discussions focused on the impact of artificial intelligence on the transformation of economies and businesses, as well as the opportunities it creates for increasing productivity and strengthening competitiveness. Participants also exchanged views on the application of artificial intelligence in industry and manufacturing, trade, finance, energy, and other sectors, as well as its role in creating added value and shaping new areas of development.

The panel also featured discussions on building innovation ecosystems that promote cooperation among technology companies, startups and government institutions.