The Innovation and Technology Business Council (ITBC) within the International Trade Council serves as a beacon for pioneering advancements and technological evolution across the landscape of international trade. Recognizing that innovation is the bedrock of progress and that technology continuously reshapes the contours of commerce, the council fosters an ecosystem where businesses, tech visionaries, researchers, and policymakers converge to navigate the future of global trade.
Areas of Focus:
- Emerging Technologies: The council actively tracks and evaluates nascent technologies like blockchain, AI, quantum computing, and IoT, gauging their potential impacts and opportunities within international trade frameworks.
- Digital Transformation: ITBC promotes the digitalization of trade processes, emphasizing the need for businesses to integrate digital tools, platforms, and solutions to enhance efficiency, scalability, and competitiveness.
- Innovation Ecosystems: The council advocates for creating robust ecosystems that nurture innovation, from incubators and accelerators to partnerships between academia and industry.
- Regulatory Landscape: As technology evolves, so does its regulatory framework. The council provides insights on global tech regulations, intellectual property rights, and standards, ensuring members remain compliant and informed.
- Cybersecurity: In an increasingly connected trade environment, cybersecurity becomes paramount. The council emphasizes best practices, tools, and strategies to safeguard data and digital assets.
- Sustainable Technologies: With the global emphasis on sustainability, the council explores tech solutions that promote environmental responsibility and sustainable growth in trade operations.
- Tech-Driven Supply Chains: Recognizing the pivotal role of technology in modern supply chains, the council delves into innovations that streamline, optimize, and make supply chains more transparent.
- Research and Development: The ITBC actively encourages R&D initiatives, fostering collaborations between tech firms, research institutions, and businesses to drive technological advancements in trade.
- Skill Development: The rapidly changing tech landscape necessitates continuous learning. The council champions programs and initiatives that upskill professionals in the latest technologies and innovative methodologies.
- Networking and Collaboration: The council provides platforms for tech innovators, businesses, and stakeholders to interact, share insights, and forge partnerships that drive technological progress in international trade.
Outputs of the Business Council:
- Research Reports
- Legislative Recommendations
- Thought-Pieces / Blog Posts
- Participation in Industry Events
- Collation of Industry News