AmCham Slovakia


Innovation in the Digital Age

Harnessing the Power of AI

(by ChatGPT )

The person who was originally meant to write this issue’s Letter to Members had to cancel at the very last moment due to unexpected circumstances. We did have an alternative lined up but in the end we decided to do this little experiment. Since this issue of Connection is dedicated to digital technologies and their impact on business and society, we decided to approach the most talked about AI chatbot of the past few months with the request to write this text. You can judge the result for yourselves…

Innovating for Cyber Safety

(by Mastercard )

Two thirds of the worlds’ population – 5 billion of us – are connected via digital networks, influencing how we shop, work, live and play. From AI - to cloud - to quantum, data-led technologies power this digital connectivity, but it is trust that acts as an invisible, unifying force that enables the speed, innovation and choices that many of us take for granted.

A Cyber-security upgrade

(by Dawid Jankowski)

Every company needs to ensure the security of its data and information systems. The company’s clients count on the confidentiality of the sensitive data, contracts and other information provided, whose disclosure could bring harm. Leakage of such data could be catastrophic in its consequences. An additional element that has appeared on the cybersecurity radar in recent years is artificial intelligence. Both cybercriminals and teams protecting organizations are using it more and more.

A forgotten facet of your digital transformation

(by Petra Krajčiová, Branislav Kmec)

Accelerated by the recent crises – pandemic, energy, and war-related – many organizations brushed up their strategies and plans for digital transformation. To achieve positive return on investment, the boards opt for a “minimal” setup with cloud-based infrastructure and applications landscape. In their effort they often overlook that digitization of tools and processes with little or no insights into cybersecurity may seriously backfire and wipe out any benefits.

Cyber Fusion Center of the Future

(by Erik Van Buggenhout)

Cyber threats are continuously evolving: from ransomware attacks to data breaches, organizations are faced with immense threats and challenges. Modern cyber fusion centers can help by providing a single pane of glass, smart automation and rapid remediation. 

ChatGPT: Everything, Everywhere, All At Once

(by Peter Banda)

Over the last three months, you couldn’t have avoided seeing some cryptic names, such as ChatGPT, and the resurrection of a once-archaic term: Artificial Intelligence (AI). ChatGPT belongs to a family of Large Language Models, which can, for instance, generate a poem, explain a complex program, or interact as a chat bot - all of this in plain English. 

Data management: a cornerstone of successful business

(by Alexander Zagnetko)

Data technologies are rewriting the rules of business and driving organizations towards digital transformation. In these challenging times, taking into consideration the strongly competitive environment with emerging new players, the strategy for data usage can be a critical factor for many enterprises. What are the main trends and challenges in digital transformation area and what benefits can new techniques bring companies? 

Can Robots Help Your Business?

(by Viktoria Bracjunova)

One of the fastest growing segments of the software market today is Robotic Process Automation (RPA). According to experts, the development of this area will not slow down in the coming years and further growth is expected. Organizations increasingly appreciate RPA’s ability to automate routine human tasks involving data processing. Slovak enterprises share this view.

Pitfalls of AI Regulation

(by Martina Gavalec, Emma Kochová)

The Medical Devices Regulation and the In Vitro Diagnostic Medical Devices Regulation, both of which were enacted in 2017, are currently regulating medical AI tools in the EU. Nevertheless, there have already been many non-binding strategic documents adopted by various EU organizations. 

Transformative innovations

(by AmCham Slovakia)

Digital innovations continue to transform organizations and entire industries and it is critically important to follow the latest developments and trends. We asked our members about the innovations they perceive as the most interesting within their sector. As AmCham’s membership covers a wide spectrum of industries, the answers offer an intriguing mosaic of innovative trends.

Changing of the Guard

(by Ronald Blaško, Martina Slabejová)

As of February 1, AmCham Slovakia has a new Executive Director. Martina Slabejová took over AmCham’s leadership after Ronald Blaško, who has more than successfully guided the chamber through challenging times since June 2018. We asked both of them to share their thoughts on AmCham’s role and vision, as well as their personal values and experience.

Work and Life Connections

(by Peter Mrazik, Juraj Barus)

Success comes at a price. Business leaders face difficult decisions regarding demands on their time on daily basis. The responsibility towards their families and their employees makes them carefully consider each minute of their day. We want to know how they like to spend their time out of work, what inspires them and motivates them.

New Legislation for Businesses

(by Alena Lipovská, Katarina Ďuriačová)

The following text presents a brief overview of legislative changes in the tax and payroll area which are most likely to influence your business. Experts from Crowe choose the most relevant legislation which has recently come to force or is likely to be adopted in the near future.

Addressing Cyber Threats in Healthcare

(by Michal Čábela)

In recent years, cyber-attacks have become more sophisticated, and cybercriminals are constantly finding new ways to exploit vulnerabilities in the IT systems of healthcare facilities. The rise of connected medical devices, such as pacemakers and insulin pumps, has created new entry points for attackers to gain access to healthcare networks. 

How to Reap the Benefits of Cloud Computing

(by Martin Srnka)

Cloud computing is undoubtedly a phrase that is being used a lot in various forums these days. Why is it like that? What does this phrase mean and what impact does it have on the modern functioning of companies?

IT labor market trends

(by Lubica Krajcovicova)

The digital sector is increasingly in demand and digital skills are essential in all industries. However, companies in Slovakia are struggling to find experienced candidates in this area. Why is this happening? What are the major trends and key success factors in attracting the best talent?

Navigating through turbulence

(by Alexander Zagnetko)

Three years have passed since the world entered an era of instability. For companies and organizations, this ultimately means that the ability to collect and use data correctly determines business survival.

On the Digital Path

(by Martin Pánik)

In today’s fast-paced business environment, companies must constantly look for ways to improve their operations, stay competitive, and meet the evolving needs of their customers. One powerful approach for achieving these goals is digital transformation. By embracing digital technologies, companies can streamline their processes, enhance the customer experience, and gain valuable insights to inform their decision-making.

Top digital transformation trends

(by Jan Matiaska)

Digital transformation is a process of using digital technologies to fundamentally change how businesses operate and deliver value to customers. As digital technologies continue to evolve, they are getting closer to end customers and their potential is becoming more obvious. 

The place for ethics in AI

(by Juraj Podroužek, Adrián Gavorník)

AI has become an indispensable part of digital innovation across industries. As AI adoption progresses rapidly, it is important to consider AI as not purely technical but also as sociotechnical systems. Paying attention to ethical and societal issues can ensure that AI systems will be developed and implemented in a way that benefits society and avoids possible harm.  

Quo vadis Ethica Artificialis Intelligentiae?

(by Katarína Pecnová)

“Artificial intelligence will reach human levels by around 2029. Follow that out further to, say 2045, we will have multiplied the intelligence, the human-biological machine intelligence of our civilization a billion-fold.” Ray Kurzweil, inventor and futurist

You are what you eat

(by Kristína Gotthardová)

No, this article will not be about dietary advice or the latest nutrition research, but this common phrase rings true for Artificial Intelligence and all the applications, tools, and devices which use AI to make decisions, recommendations or create content.  

AI’s Potential to Transform Healthcare

(by Štefan Lacko)

Artificial Intelligence (AI) already plays a key role in the healthcare industry, and there is no doubt that AI will have a bigger and bigger impact on IT solutions or applications in this space. While working with the Healthcare and Medical Technology sector, we are facing higher demand for AI-based solutions, machine learning (ML) and big data experts.

The Opportunities and Risks of Generative AI

(by Kristína Gotthardová, Tomáš Jucha)

How do current technological breakthroughs impact our value systems and how can we channel them for human progress
Human fascination with creating human-like objects can be traced all the way to ancient Greece and Pygmalion, Mary Shelley’s Frankenstein and as technology and robotization developed, human-made human-like creatures came to embody our deepest fears of machines overtaking our world such as in the classic Terminator or the more nuanced horror movie M3gan, touching upon aspects of ethics and human-machine interaction. Today, it is hard to distinguish whether technological advancements are inspiring movies and fictional books, or the other way around.