News
28/06/2018
Francisco González: Digitization "is going to create a lot of wealth"
The digitization does not slow down. In fact, it is already unstoppable. A wave that will modify all industries. For the president of BBVA, Francisco González , it will be a positive change. "It's going to create a lot of wealth," he says. A vision is not free of risks, because if it is not regulated correctly, there is a danger of creating a legal vacuum that encourages a "wild west" in which profits go to a few hands.
In all this the bank does not escape. For González, his traditional models no longer work. Especially for new players: "Wanting to be a bank as we know it (based on the physical network) is an absolute failure. That is dead, "he said. The bank of the future is digital, one that knows how to make the most of data and algorithms, he argued in the cycle 'Education in a digital society', organized by BBVA, OpenMind and La Vanguardia , held in Esade.
The race of the data
With the use of the data in mind, González reviewed the current context, at a time when he is dominated by the great technology companies such as Facebook, Google, Amazon or Alibaba. "The race of the data has already been won by the great technologists," he said. Such a disruption that has left the regulators behind: "they do what they think they can do," he denounced. They have such power that they are "undermining the pillars of society."
All in all, González is positive. Calls to embrace the change of order, promoting entrepreneurship. "Innovation has always brought a better world." In this case, we face a revolution that is "global" and "very accelerated", in comparison to previous revolutions.
It is urgent to change the legal framework
Therefore, he called on those in charge of public administration to update the legal framework. "The one now responds to totally old things," he said. All a need if you hear his words: "We must put order in what is going to create. If we leave the market to organize itself, it will create a horrible world, a wild west, because the digital business tends to monopoly. "
Gonzalez also called for caution in raising legal changes. "If you regulate innovation very short," he warned. But if you do not act, you run the risk of creating monopolies or disrupting financial stability. "If you do not regulate, you're left with a wild west," he added. And we must do it quickly, because "the industry is always far ahead of regulation". It assumes that it will be late, but eventually it will come to legislate.
The cost of misuse of technology
González made all these reflections at the hands of Màrius Carol, director of La Vanguardia, who argued that globalization and technology are the great challenges we face. "They rethink the environment, our values. It affects everything, "he analyzed.
In that sense, he warned against the bad uses of technology, those that can disrupt the conception of truth, especially in social networks. The phenomenon of fake news. "There is a danger that the lie is installed in our lives and populism wins the game to institutions," he summarized.
Bieto calls for rethinking educational models
The day was introduced by Eugenia Bieto, general director of Esade. Bieto raised the need to adapt education to modern times, marked by challenges such as globalization. "Education is changing as it had not done in decades," he said. From his point of view, pulling experience, he suggested that the system must adapt to the new digital era.
With that in mind, he pointed out that one can not "educate in the 21st century" with the models that have been used up to now. It is seen in the role of teachers, that "has changed radically." Adapting is necessary to continue existing. "They will survive the institutions that see these challenges to innovate and cause disruptions," he said.
Terribas asks for reflection to face the challenges
Christian Terribas, territorial director of BBVA Catalunya, highlighted the role of OpenMind, aimed at generating and disseminating knowledge, with the idea of "reflecting on a world that is constantly changing, at an extraordinary speed, that rethinks its beginning". "Education is one of the greatest challenges of our digital society," he said, pointing to a model built between all, by the hand of parents and children.
OpenMind currently has 300 collaborators, of scientific and academic profile, and about 500,000 users, according to González.
Sharing
Multimedia
04/08/2023
Smart & Green Fundazioa Summer Courses from UPV/EHU
Disruption in applied sustainability to change the world through education, technology and the city. FROM EMOTION TO DIGITAL TRANSFORMATION
06/06/2023
What are you waiting for? Sign up
https://www.uik.eus/es/curso/smart-green-disrupzion-jasangarria-apena-mundua zehar-hezkuntza-teknologia
24/01/2022
Blockchain Conference La Rioja
Montse Guardia Güel, Eduardo Aginako, Luis Garvía and Javier Sánchez Marcos
09/11/2021