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Digital economy in focus of Eurasia Innovation Day in Baku

Economy 23.10.2019 | 18:00

BAKU, 23 October (BelTA) – Belarus attended the 3rd Eurasia Innovation Day at the Heydar Aliyev Center in Baku, BelTA has learned.

The event focused on the topic “Building a fully connected, intelligent Eurasia”. The event brought together more than 200 participants from 11 countries, including representatives of famous companies and think tanks, experts, scientists, and companies of the ICT industry.

Speakers talked about ways to boost development of digital economy in Eurasia. Participants of the event took particular interest in such innovative technologies as 5G and cloud computing for government services, energy sector, education, and transport. Belarus also intends to use innovations that were demonstrated at the event as it digitalizes its economy. Belarus was represented by the Bel Huawei Technologies company.

Azerbaijan Deputy Minister of Transport, Communications and High Technologies Elmir Velizade spoke about innovations in Azerbaijan. He pointed out that it is important to involve the youth in this process. Around 2,000 students from 12 regions of Azerbaijan take part in innovative projects. ICT has radically changed the development of the country's national economy.

According to experts, dozens of professions will disappear in the near future due to the development of advanced technologies, and some economic sectors will be reformatted. This will primarily apply to the industrial sector as it will undergo significant changes. In this regard, participants of the meeting discussed integration within regional economic structures and the Belt and Road initiative.

The Eurasia Innovation Day has been held since 2013. The main organizer of the event is Huawei. The Eurasian Innovation Day is part of the Innovation Week in Azerbaijan organized with support of Azerbaijan Ministry of Transport, Communications and High Technologies. Several events of the Innovation Week were organized in association with the United Nations Economic Commission for Europe.

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