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The future of data economy

Plenary / Panel
in englischer Sprache

In the economy of the future, people-related data is a commodity. Already today, data is an incredibly valuable asset and the basis for new market models. Trends indicate that data economies tend towards monopolies. Are today’s data giants tomorrow’s menaces to society?

Chief Executive Officer, Magenta Telekom, Vienna
Director, DICE - Duesseldorf Institute for Competition Economics, Duesseldorf
Ambassador, United States Embassy to Austria, Vienna
Young Expert; Researcher, Luxembourg Institute of Socio-Economic Research, Luxembourg
Journalist and Presenter, HARDtalk, BBC - British Broadcasting Corporation, London Chair


Chief Executive Officer, Magenta Telekom, Vienna

2002-2006 Managing Director, Germanwings GmbH, Cologne
2006-2008 Vice President Marketing, Lufthansa AG, Munich
2008-2012 Board Member, Austrian Airlines AG, Vienna
since 2012 Chief Executive Officer, Magenta Telekom, Vienna

Prof. Dr. Justus HAUCAP

Director, DICE - Duesseldorf Institute for Competition Economics, Duesseldorf

 Justus Haucap is the founding director of the Düsseldorf Institute for Competition Economics (DICE) at Heinrich-Heine-University of Düsseldorf. From 2006 to 2014 he served as a member of the German Monopolies Commission, which he also chaired for four years (2008-2012). He is also a member of both the German Academy of Technical Sciences (acatech) and the Northrhine-Westfalian Academy of Sciences and Arts, as well as acting vice chairman of the German Networks Agency’s council of scientific advisors. He has been named one of Germany’s 30 leading economists for the last five years in a row by the Frankfurter Allgemeine Zeitung, Germany’s leading daily newspaper.
 After studying economics in Saarbrücken (Germany) and Ann Arbor (Michigan, USA) and pursuing doctoral studies at the University of Saarland, he held positions at the University of California at Berkeley (1996/97), the New Zealand Treasury (1997-1999), the University of the Federal Armed Forces in Hamburg, the Ruhr-University of Bochum (2003-2007) and the University of Erlangen-Nuremberg (2007-2009).
 His research mainly focuses on competition and antitrust issues as well as the regulation of network industries and digital markets. He regularly advises public institutions such as the European Parliament, the German Ministry of Economics and Energy, the German Ministry of Finance, as well as many private firms and associations.

Trevor D. TRAINA

Ambassador, United States Embassy to Austria, Vienna

 On January 22, 2018, President Donald J. Trump nominated Trevor D. Traina of California to be United States Ambassador to the Republic of Austria. Ambassador Traina was confirmed by the United States Senate on March 22, 2018, and was sworn in on March 29, 2018. He arrived in Austria on May 18, 2018, and presented his credentials to Austrian President Alexander Van der Bellen on May 24, 2018. Ambassador Traina has a long history building innovative companies from the ground up. Prior to his appointment as America’s representative to Austria, Ambassador Traina was a technology entrepreneur and philanthropist based in San Francisco. Ambassador Traina’s first foray into tech entrepreneurship was as the founder of CompareNet, Inc., the original online product comparison platform, which was sold to Microsoft in 1999. He was chairman of StepUp Commerce, which was sold to Intuit in 2006. He founded Schema Logic, which was sold to SmartLogic in 2011. He co-founded DriverSide, a venture-funded startup in the online automotive space, which was sold to Advance Auto Parts in August 2011. In 2011 he founded Traina Interactive, which operates the unique life experiences provider, Ambassador Traina served on many charitable boards including the Haas School of Business at the University of California Berkeley, the Fine Arts Museums of San Francisco, the Princeton University Art Museum, the Gladstone Institute for Medical Research, San Francisco’s Grace Cathedral, and Venetian Heritage. He also previously served on the board of the Dow Foundation, a $500 million family foundation, and on the City of San Francisco’s technology advisory council. Ambassador Traina earned a bachelor’s degree from Princeton University and a special diploma in social studies from Saint Catherine’s College at Oxford in the United Kingdom. He received a master’s degree in business administration from the Haas School of Business at the University of California, Berkeley. Ambassador Traina is married to Alexis S. Traina. They have two children

Dr. Sofie WALTL

Young Expert; Researcher, Luxembourg Institute of Socio-Economic Research, Luxembourg

 Sofie R. Waltl is a researcher based at the Luxembourg Institute of Socio-Economic Research (LISER) and a consultant to the European Central Bank. Prior to joining LISER, Sofie was a visiting scholar at the University of California at Berkeley, a PhD-trainee at the ECB and a research associate at the University of Graz.
 After obtaining a Bachelor’s and Master’s degree in Mathematics, she pivoted to Economics and earned a doctoral degree from the University of Graz. Among other recognitions, she received the `Award of Excellence - Staatspreis für die besten Dissertationen’ by the Austrian Federal Ministry of Science that recognizes the best dissertations in Austria.
 She is specialized in economic measurement and data-driven, applied economics. Currently, Sofie is interested in measuring the distribution of wealth in Europe, the effect of wealth inequality on economic performance, as well as measurement issues related to housing prices and housing wealth.

Stephen SACKUR

Journalist and Presenter, HARDtalk, BBC - British Broadcasting Corporation, London

1985 Bachelor, Emmanuel College, Cambridge, MA
  John F. Kennedy School of Government, Harvard University, Cambridge, MA
1986-1990 Trainee, BBC - British Broadcasting Corporation, London
1990-1992 Foreign Affairs Correspondent, BBC - British Broadcasting Corporation, London
1992-1995 Correspondent in the Middle East, BBC - British Broadcasting Corporation, Cairo
1995-1997 Correspondent in the Middle East, BBC - British Broadcasting Corporation, Jerusalem
1997-2002 Correspondent in Washington, BBC - British Broadcasting Corporation, Washington
2002-2004 Europe Correspondent, BBC - British Broadcasting Corporation, Brussels
since 2004 Host, HARDtalk, BBC - British Broadcasting Corporation World News, London
since 2017 Honorary Doctor, International Relations, Geneva School of Diplomacy and International Relations, Geneva

Economic Symposium

show timetable


08:00 - 10:30Charity Soccer Match – Good Game, Good PurposeSocial
12:00 - 12:30OpeningPlenary
12:30 - 13:30“I have a dream”: I dream of a diverse and resilient EuropePlenary
14:00 - 15:30The future of data economyPlenary
16:30 - 18:00ecoplus and “So schmeckt Niederösterreich” Lower Austria EveningSocial
18:00 - 19:30Innovation 101: The “diversity” factorPlenary


06:00 - 07:00Europe BreakfastPartner
06:00 - 07:00Swiss Country Breakfast: RicolaPlenary
06:00 - 07:00Swiss Country Breakfast: logitechPlenary
06:30 - 09:30Talk on the Mountain – Diversity: A moral responsibility or a tool to maximise profitsPartner
07:00 - 08:30Agility and resilience: Superpowers to handle complexityPlenary
09:00 - 11:30Breakout Session 01: Digital Future Game: Requirements for a digital societyBreakout
09:00 - 11:30Breakout Session 02: An unpredictable future – Digitalisation in individual trafficBreakout
09:00 - 11:30Breakout Session 03: Digital leadership – How states and businesses lead through the digital transformation successfullyBreakout
09:00 - 11:30Breakout Session 04: Demographic change and its effects on the future working lifeBreakout
09:00 - 11:30Breakout Session 05: Republic of fake news – How civil society and businesses become resilient to manipulationBreakout
09:00 - 11:30Breakout Session 06: Class conflict or social partnership in wage negotiations: What guarantees stability and flexibility?Breakout
09:00 - 11:30Breakout Session 07: On the green grass and in business: If you don’t shoot, you will not score.Breakout
09:00 - 11:30Breakout Session 08: Specialisation and diversification – What businesses can learn from natural sciencesBreakout
09:00 - 11:30Breakout Session 09: The rising of “TECHNIUM”: Is it real, fantasy or artificial?Breakout
11:30 - 13:00Lunch receptionSocial
11:30 - 12:45WERIETY LUNCH LAB: Innovate diversity and co-create new concepts for resiliencePartner
13:00 - 15:30Breakout Session 10: Playmaker or match ball – Resilience in times of disruptionBreakout
13:00 - 15:30Breakout Session 11: Challenges of the digital economy: Pioneer or fast followerBreakout
13:00 - 15:30Breakout Session 12: Transparency instead of discretion? HR as a key for equal payBreakout
13:00 - 15:30Breakout Session 13: Strategic big data management: How to deal with the “new oil”?Breakout
13:00 - 15:30Breakout Session 14: We don’t need no education! Economic education as a business-location factorBreakout
13:00 - 15:30Breakout Session 15: Blockchain and the new cryptoeconomics: Are economy and society facing the next revolution?Breakout
13:00 - 15:30Breakout Session 16: Cyber security – Is resilience an utopia in a digital economy?Breakout
13:00 - 15:30Breakout Session 17: Differences that make a difference: Cooperatives vs. PLCsBreakout
13:00 - 15:30Breakout Session 18: Start-up spirit @ big corporation – how much is too much?Breakout
15:30 - 17:30WU CryptonightPartner
16:00 - 20:00Vienna Wednesday society of trade – Alpbach edition: How digital is our work?Partner
16:15 - 17:45Working in the age of overload – Better thrive than survivePlenary


Magenta NightSocial


06:00 - 07:00Breakfast ClubPartner
06:30 - 07:30“Kater” BreakfastPartner
07:00 - 08:30New mobility: Electric, shared or autonomous?Plenary
09:00 - 10:30Shock resistance: Downfall, intervention, resurrection?Plenary
14:30 - 18:00Economic DialoguePartner