Nedamco Africa part of panel discussion 'seizing the AI opportunity' at the EY / Microsoft Summit 2024 in Amsterdam

SEPTEMBER 9, 2024 | NEDAMCO AFRICA PRESS CENTER

On Monday, September 9th, the Nedamco Africa CFO, Jan Willem van der Steen, participated in a panel discussion together with executives from EY, Microsoft and ASML. The panel, titled “Seizing the AI Opportunity,” focused on exploring pressing issues within the AI space, bringing in diverse perspectives from across industries. The EMEIA EY-Microsoft Summit was attended by Microsoft and EY executives, providing a platform for in-depth dialogue around current market dynamics, including the geo-political and economic landscape, AI innovation, data strategies, and how technology is driving transformation and growth.

During the discussion, Jan Willem explained the Nedamco Africa vision and objectives. He addressed several key topics crucial to the adoption and implementation of AI within regulated industries and highlighted the significant roadblocks companies face due to regulatory concerns, noting the apprehension surrounding wide-scale AI adoption. In response to balancing innovation with compliance, he stressed the importance of integrating robust regulatory frameworks while pushing forward with technological advancements.

Jan Willem also emphasized that AI’s effectiveness is directly tied to the quality and governance of the data that underpins it. As AI models are only as good as the data they are built upon, he pointed out the need for organizations to improve their data readiness and governance strategies to fully leverage AI’s potential.

Finally, he spoke about the transformative impact AI will have on the future of work, particularly in terms of employee skill requirements. He shared insights into how companies need to rethink workforce development to ensure employees are equipped with the necessary skills to thrive in an AI-driven world.

Jan Willem’s contributions provided valuable insights into how organizations can navigate the complexities of AI adoption while staying compliant and innovative.

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