Stefan Nikolov, owner and founder of ITC Consult, was among the speakers at the business forum “EU AI ACT: Regulations and Industry Transformations,” organized by b2b Media. The event took place on November 1 at the Intercontinental Hotel and focused on the world’s first legislative act on artificial intelligence (AI), introduced by the European Union.

The conference gathered business leaders and entrepreneurs aiming to transform their companies in line with the latest technological trends and new regulations. Speakers shared valuable insights into the upcoming requirements for the use of AI.

Stefan Nikolov presented the topic “Practical Application of Automation in Business,” where he highlighted the advantages of AI-supported automation. Among the benefits of artificial intelligence in business, he mentioned customer experience personalization and decision-making support.

“In practice, I observe that people fear the introduction of AI in business. They believe it automatically means they are unnecessary and will be laid off. The role of artificial intelligence is not to replace people but to assist them”, commented Mr. Nikolov.

The business forum “EU AI ACT: Regulations and Industry Transformations” offered participants an exceptional opportunity to exchange knowledge and discuss with leading experts in artificial intelligence and automation, as well as useful information on new European funding programs for technological solutions.