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00:00Good evening ladies and gentlemen. Absolutely delighted to be here with you this evening. Delighted to be partnering with Bloomberg. I am the CEO of IDEO Ireland which is the investment promotion arm of the Irish government. We help companies to set up in Ireland and to stay in Ireland and to develop once they have set up. Going to be very brief. I have five points that I want to make to you this evening. The first thing is that Ireland very much believes in this discussion that we are having around the power of data and the future of tech. We feel it's really important because whatever the probate is and whatever the future of tech is it is also Ireland's future. It is where we want to be. It's where we intend to be. We want to harness the power of that data and we want to do that with you. The second point is that Ireland is already a leader when it comes to A.I. when it comes to machine learning. We have some of the best companies in the world already doing this in Ireland to name but a few. IBM Accenture Microsoft NWS Bell Labs too . And I see one of our new additions down there ESG which we really appreciate. We know it's not just about business. It's about how we live. It is about our health. It's about our education. But we do see the impact of A.I. and machine learning across all of the sectors that we are involved in not just traditional technology sector. We see us in the pharmaceutical sector and the biopharma sector are Ireland's extraordinary strong in the medical technologies in international financial services sector in the engineering sector. All it's going to have a profound impact. It's going to have a profound impact on the future of work. Thirdly Ireland has been one of the most successful countries in the world at attracting foreign direct investment for a reason. It is because of the stable pro enterprise environments that we have. Also our pragmatic approach to regulation which is all important across many sectors. And we continue we plan to continue to have that stable environment and that pro enterprise environment for many years to come. So you can be absolutely assured when you're investing in Ireland. Fourthly I want to concentrate just for a moment on one of the reasons that companies come to Ireland and that's the availability of talent which is a discussion point here in the US. This discussion point just about everywhere I go in the world and we believe we have the talent. We have the talent because we've really got good demographics 50 percent of the population under the age of 34. We have a really good education system. We are open and welcoming. We've managed to attract talent from elsewhere in the world. Sixteen percent of the Irish population is not Irish born and we continue to work with our education system to ensure that it is aligned with the needs of enterprise . At the moment just launched a national masters in artificial intelligence. Just an example of one of the things that we're doing . Final point is that when I heard about the title of this event sooner than you think I knew it wasn't about one thing which was Brexit because we are still waiting and likely to be waiting for another while. And the only point I want to make in relation to Brexit is that regardless of when it happens or what the nature of brags that is Ireland will remain within the European Union. That is our home. We are a committed member of the European Union. And those that have invested in Ireland and those that will invest in Ireland will have access to a European market. So again stable environment. And regardless of what happens. That is where Ireland will be. I hope you enjoy this evening. Really looking forward to the panel discussions. I hope you enjoy tomorrow. And we look forward to chatting to you over the two days. Thank you .

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Sooner Than You Think Dinner - Opening Remarks

IDA Ireland CEO Martin Shanahan makes Opening Remarks at The Power of Data: Sooner Than You Think in New York. (Source: Bloomberg)

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