By Marc Pauwels, CVS, TVM, FSAVE – Director Global Affairs, SAVE International
The recent international gatherings on Value Engineering (VE) marked significant milestones in shaping the future of VE and its interplay with Artificial Intelligence (AI). These events, organized by the Indian Value Engineering Society (INVEST) and the Society of Hungarian Value Analysts (SHVA), brought together global thought leaders, practitioners, and academics to explore innovation, knowledge-sharing, and collaboration in this dynamic field.
Key Themes and Objectives
- Themed “AI and the Future of Value Engineering,” the 40th International Conference on Value Engineering in Bhubaneswar, India examined how AI can revolutionize VE. Delegates explored cutting-edge applications of VE and AI, paving the way for a future-oriented approach to problem-solving and efficiency.
- With the theme “New Competencies on the Horizon,” the 2024 International Value Conference in Budapest, Hungary emphasized fostering innovation thinking, strengthening entrepreneurial competitiveness, and enhancing the global innovation ecosystem.
Event Highlights
- INVEST 40th International Conference on VE
- Inauguration and Keynotes: Marc Pauwels took part in the lighting of the inaugural lamp, transmitted greetings from SAVE International, and held a keynote on AI-driven innovation and efficiency in VE.
- Cultural Integration: A celebration of India’s tribal heritage added a vibrant cultural dimension to the discussions.
- Recognition: Awards celebrated groundbreaking AI applications in VE and the contributions of students and professionals.
- SHVA 2024 International Value Conference
- Opening Ceremony: Featured distinguished speakers from Hungary in addition to other countries.
- Technical Insights: Marc Pauwels transmitted greetings from SAVE International and gave two presentations on AI and cost transparency.
- Creative Touch: A song co-created with AI celebrated VE’s methodologies and energized the audience.
Shared Takeaways
- AI as a Catalyst: Both conferences emphasized AI’s ability to revolutionize VE practices through enhanced decision-making, cost transparency, and innovative solutions.
- Global Collaboration: The conferences reinforced international partnerships and united experts from over 15 countries.
- Practical Applications: Actionable insights showcased VE’s versatility across industries and included sustainability and task management.
Cultural and Networking Highlights
From India’s mesmerizing tribal performances to Hungary’s VE song tribute on Saint Cecilia’s Day, these conferences beautifully merged tradition and technology, underscoring the creative evolution of VE.
Looking Ahead
As the global VE community advances, these conferences highlight a shared commitment to innovation and efficiency, driven by the transformative power of AI. Attendees departed inspired and equipped to reshape VE practices for a competitive and sustainable future.
Stay connected for the next wave of transformative ideas in VE!
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