Mark Minevich to Participate in the B20’s Inaugural Task Force on Digitalization

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Digitization expert Mark Minevich will participate in the B20’s first-ever task force focusing on digitalization’s growing effects on the global economy as an integral part of the G20 process.

Artificial intelligence is changing the way the world does business.

Digitization and artificial intelligence expert Mark Minevich has been inducted into the B20’s inaugural task force (https://www.b20germany.org/the-b20/structure/) focusing on digitalization’s growing effects on the global economy at the B20 Conference in Berlin: Resilience, Responsibility, Responsiveness — Towards a Future-Oriented, Sustainable World Economy. The conference takes place December 1-2, 2016. It marks the beginning of the German G20 presidency and the perennial engagement process with working activities and events leading to the G20 Summit in July 2017. Minevich is founder of Going Global Ventures, senior fellow of the U.S. Council of Competitiveness, and venture partner of GVA Capital.

An integral part of the G20 process, the B20 leads engagement with G20 governments on behalf of the global business community. “The B20 promotes dialogue among policymakers, civil society, and business at the international level,” according to B20Germany.org. “In the B20, business representatives from the entire G20 develop joint recommendations and advocate specific policy-actions across the complete G20 agenda.”

The B20 comprises five task forces that focus on major economic issues. In addition to digitalization, task forces for the upcoming meeting include trade and infrastructure; energy, climate, and resource efficiency; financing growth and infrastructure; and employment and education. The digitalization task force will include a focal area on AI.

AI is a massive ongoing innovation process that raises not only enthusiasm, but also societal skepticism. The B20 supports the growth of AI and wants to foster innovation and the rollout of applications in this area. To unlock societal support, an improved review and explanation of the technology’s huge potential is needed. The G20 members can directly benefit by deploying smart infrastructure and improve AI’s reliability, costs, and utilization.

“Artificial intelligence is changing the way the world does business,” said Minevich. “New technologies have emerged in this field that will reengineer the service economy and revenue opportunities. However, we need to understand where we are heading as people and society at large with this technology.”

Transportation is one industry AI is reshaping with autonomous systems, such as driverless cars. Autonomous transportation’s growing capabilities are predicted to limit driver error (http://www.csg.org/pubs/capitolideas/enews/cs80_1.aspx), which could reduce the funds spent on accidents and make certain jobs in industries such as insurance and public transportation obsolete. The U.S. Department of Transportation and many states are investing in regulations and research on autonomous transportation, but the technology is growing so rapidly (http://www.mckinsey.com/industries/high-tech/our-insights/disruptive-trends-that-will-transform-the-auto-industry) that it can be difficult for policy to keep up.

Minevich noted that, unlike other technologies utilizing AI, compromised autonomous systems in transportation pose the risk of physical harm to humans. “The effects of AI on the transportation of people and goods continues to be a newsworthy issue,” he said. “Compromised systems could place humans in autonomous vehicles at risk. Therefore, the security of these systems is of the utmost importance. We seriously need to discuss how to best reap the economic benefits of AI and autonomous systems while protecting those it intends to serve.”

For more information on the B20, its purpose, and its upcoming events, visit http://www.b20germany.org or follow the B20 on Twitter (https://twitter.com/b20).

About Mark Minevich

Mark Minevich, author and world-renowned visionary in the fields of digitization and artificial intelligence, is the principal founder of Going Global Ventures, a New York-based investment, technology, and strategic advisory firm dedicated to leading high-growth tech clients to success in the global knowledge economy.

Mark’s additional roles include venture partner of GVA Capital in Silicon Valley; senior fellow/advisor of the U.S. Council of Competitiveness in Washington, D.C.; associate partner of Blackhawk Partners Inc., an international family investment group; and strategist and advisor to Global Emerging Markets, a $3.4 billion alternative investment group that manages a diverse set of investment vehicles.

Learn more about Mark at http://www.markminevich.com.

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