The globalization trends of the last two decades and the resulting interdependence between countries, from trade to technological infrastructure, imply that any disruption to business activities can have consequences on a global scale. The latest geopolitical tensions suggest that such disruptions can derive from conventional measures, most recently through the imposition of bilateral tariffs, or from unconventional ones \u2013 such as cyberattacks. Decisions by policymakers on how to react to such threats may cause long-lasting effects on business and society, and are ultimately difficult to reverse. A redefinition of the skill set for business leaders and public officials \u2013 underpinned by a coordinated regulatory framework \u2013 are therefore required in order to govern the rapidly evolving technological landscape in sectors such as medical care and banking, where traditional models look for synergies, rather than value-destroying competition, with digital \u201cdisruptors\u201d and AI. Within such an increasingly complex international landscape, Israel represents one of the best examples worldwide of a developed ecosystem for open innovation.<\/p>\n
The pillars of the Israeli \u201cstart-up nation\u201d largely stem from its heritage and the perennial \u201cinnovation out of necessity\u201d \u2013 from agriculture and defense to advanced technologies and artificial intelligence as applied to security, healthcare and financial services. The synergies between academia, government and the private sector have fostered a unique environment for innovation and young entrepreneurship, resulting in thousands of startups and record investments per capita, largely covered by foreign private capital. The government (including the military) is able to attract the best academic talents for research projects across sectors, including IT and cybersecurity. The resulting cross-fertilization \u2013 and ultimately the ability to attract private capital \u2013 are best represented by the \u201cSilicon Wadi\u201d high-tech cluster outside Tel Aviv. This area has become one of the world\u2019s most fertile places for start-ups.<\/p>\n
Such a long-term vision can further evolve to benefit wider society, well beyond the primary beneficiaries in tech-related industries. A \u201cspill-over\u201d virtous cycle would embrace soft skills and segments such as the arts, through the application of AI to various fields. <\/p>\n
In that context, Italy\u2019s cultural heritage, widespread creativity and complementarity to Israel in many industrial and agricultural segments \u2013 as well as tourism \u2013 present significant opportunities to overcome traditional inefficiencies with cutting-edge technology and innovation.<\/p>\n","protected":false},"excerpt":{"rendered":"
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