Location
Spain

Main issues must be clearly stated

The Community of Madrid has announced an investment of more than 12 million euros to promote the use of artificial intelligence (AI) in industry through the development of pilot projects to optimize strategic sectors, improving their processes and allowing small and medium-sized companies access to innovation. It has also reported advances in cybersecurity and digital training.

The Community of Madrid aims to develop experimental projects based on artificial intelligence to optimize strategic sectors.

Location:

Community of Madrid, Spain

Main facts/points outlined in body of text

  • With the announced investment, it is expected to achieve a great economic and social impact with the involvement of SMEs and large technology corporations, start-ups, third sector, local entities and other institutional agents.
  • This plan is part of the Territorial Networks of Technological Specialization Program (Retech) and is financed with European Next Generation funds and with the Community of Madrid's own resources.
  • For example, in the field of transport, fleet management, route planning and real-time decision making will be improved, so that they can adapt to changing road conditions and provide alternatives in the event of congestion or unforeseen events. AI will also be applied to supply chains and logistics.
  • The Community of Madrid has also announced that the new Cybersecurity Agency will be launched during the first quarter of 2024 with an investment of €1.5 million.
    • This agency will promote the use of solutions for the prevention, detection and response to threats in networks and will foster entrepreneurship in the sector's business ecosystem.
  • It also announced that almost 20 million euros will be allocated to digital training programs and the provision of equipment for the region's municipalities. 78,000 people will be trained in basic skills with face-to-face, online or mixed classes, with special attention to local entities with less than 20,000 inhabitants.
  • The actions will be mainly focused onteaching about cybersecurity or supporting the continuous learning of the workers of the town halls. To develop them, the regional administration will provide free of charge the teaching equipment and all the necessary means, while the local councils will provide a space for their celebration.
  • Likewise, the educational transformation will be reinforced with equipment and IT infrastructures and, in order to boost employability, investments will be made in education, training and job retraining programs to increase the opportunities to participate in the digital economy.