5G Techritory: The effect of digitalisation on business and society to be analysed at Industry 4.0 panel discussions

Prominent futurologists, representatives of world-renowned enterprises and leaders of the local technology companies will discuss the impact of the fourth industrial revolution on business and society during a work session organised by the Investment and Development Agency of Latvia (LIAA). The two-day event will take place during the second annual Baltic Sea Region 5G Ecosystem 5G Techritory Forum from the 28th until the 29th of November.

During the event organised by LIAA, the most essential factors for the sustainability of the fourth industrial revolution, the impact of digitalisation on business and of course the possibilities created by the 5G communication network will be discussed. Industry 4.0 opinion leaders and other high-level international experts will participate in the talks. 

New technologies have been an industrial driving force since the dawn of time. By inventing new equipment, the most advanced manufacturers in the past were able to revolutionize the entire industry. Today, the same mission is carried out by digitalisation. It creates unprecedented opportunities in communication, customer engagement, logistics, and in the manufacturing process itself, therefore, enabling companies to use appropriate digital solutions of the time to gain an even greater competitive edge in the future. Erik Handeler – a well-known futurologist and author – will talk more about this subject in his working session.

In the upcoming years, the 5G network will play an important role in digitalisation. Today we cannot even grasp the extent to which it will change production, workflow organization and the supply of goods. However, the industry leaders are ready to share their visions of the future and they will do so during the Industry 4.0 event. Andreas Mueller, the Chairman of the Board of the 5G Alliance for Connected Industries and Automation will share his vision of the future of factories. Kaspars Ozols, the Development Director of EDI, will talk about what opportunities digitalisation and 5G can bring to small and medium-sized enterprises.

During panel discussions, experts from Cisco, FASTEMS and Carlsberg will discuss the key drivers of fourth generation industrialization and the promising future technologies such as the Internet of Things, artificial intelligence and the use of 5G in business.

"This year's Industry 4.0 work session organised by LIAA attracts attention with its strong line-up, therefore, we can surely expect intense discussions and valuable insights. For entrepreneurs, researchers and to those interested in the subject, this will be a unique opportunity to gain first-hand insight into the future trends and to prepare for the challenges and opportunities in advance to take advantage of them. Digitalisation already offers a significant competitive edge to major companies but it cannot be compared to the future possibilities offered by artificial intelligence, the Internet of Things, and the 5G network." Andris Ozols, the general director of Investment and Development Agency of Latvia (LIAA)

Industry 4.0 is an invitation-only event where its visitors will have the possibility to hear about the first 5G success stories, including the Latvian Mobile Telephone's (LMT) involvement in innovation.

About the 5G Techritory Forum

One of the world's most significant 5G technology events, the second annual Baltic Sea Region 5G Ecosystem 5G Techritory Forum, will take place in Riga from November 27 to 29, 2019. The forum will bring together up to 1,000 leading global players in the 5G ecosystem – 5G policymakers, leaders in major industry organizations and global and regional business leaders from Europe, the US and Asia. The event will feature high-level business and political discussions on the current developments in the global commercialization of 5G technology, the related innovative business models and potential 5G cross-border collaborative projects.

Kristaps Supe
Senior Project Manager of the Technology Department and the Technology Transfer Department of the Investment and Development Agency of Latvia

Evija Pastalniece
Public Relations Manager
Electronic Communications Office of Latvia
evija.pastalniece@vases.lv
Telephone number: (+371) 22 328 040

More information:

The Forum is organised by the Electronic Communication Office of Latvia in co-operation with the International Telecommunication Union (ITU) and is powered by the Investment and Development Agency of Latvia. The Forum is backed by Latvian Mobile Telephone (LMT) as a strategic partner and Rohde & Schwarz and Ericsson as the general sponsors.

Other international partners include Cisco, Microsoft, Qualcomm Incorporated, the Nordic Council of Ministers, 5G Alliance for Connected Industries and Automation (5G-ACIA), 5G Automotive Association (5GAA), 5G Infrastructure Association (5G IA), EMEA Satellite Operator's Association (ESOA), ERTICO, European Telecommunications Standards Institute (ETSI), Global Mobile Suppliers Association (GSA), Global UTM Association (GUTMA) and the British Embassy in Riga.