Latest news with #Nordics'
Yahoo
6 days ago
- Business
- Yahoo
Study AI if you want to get hired in the defense industry, the CEO of Scandinavia's biggest military manufacturer says
AI and data engineers will be the defense industry's sought-after jobs, Micael Johansson told BI. The Saab CEO said the defense world is moving toward a business model that offers software. He said Saab, which makes the Gripen, recently hired 6,000 more people amid the boom. Artificial intelligence and software skills will be a young graduate's best bets for a job in the rapidly surging defense industry, said Micael Johansson, CEO of Saab. "I think there will be a big change going forward," Johansson told Business Insider on the sidelines of this year's Shangri-La Dialogue in Singapore. "Our systems will be software-defined, so of course, AI engineers, great software skills, data engineers will be super important to us," said the CEO, who was elected president of the Aerospace, Security and Defence Industries Association of Europe last month. Johansson said defense primes like Saab, which manufactures the Gripen fighter aircraft, will still need technicians and mechanics to build weapons platforms. "We need excellent, skillful production people as well. Finding welders to do submarine work is not an easy thing, so it's a mix of jobs," he said. But he added that Saab and the larger industry are moving toward a live service business model that emphasizes software in weapons systems that can be incrementally updated and connected with other platforms. Part of that industry push comes from observing the war in Ukraine, where both sides are developing new techniques in drone jamming and countermeasures in a matter of weeks. "The technology will grow so quickly, so you cannot buy a sort of, 50,000 drones and put them in stock. You want to have almost like drones as a service," Johansson said. Saab, the Nordics' biggest defense manufacturer, has enjoyed an industry-wide boom since the start of the Ukraine war. The Swedish firm reported 2024 annual sales of 63.75 billion Swedish krona, or about $6.6 billion. By comparison, annual revenue in 2021 was 39.15 billion krona. Amid the uncertainty of Washington's long-term role in NATO, the firm's share price has surged by more than 120% since President Donald Trump's inauguration in January to 484.30 krona, as of Monday afternoon. Johansson said Saab has been investing heavily to meet demand and has grown its workforce from 19,000 to 25,000 in the last two years. "We've had more than 200,000 applicants last year for the company and 74,000 for this first quarter," he said. The CEO had said in February that he expected the Stockholm-based firm to hire 1,000 more people in Sweden this year. On Friday, he told BI he'd revised the figure to 2,000 after realizing Saab had already hired 900 new staff in the first quarter. "Probably will be wrong again," he said. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
6 days ago
- Business
- Business Insider
Study AI if you want to get hired in the defense industry, the CEO of Scandinavia's biggest military manufacturer says
Artificial intelligence and software skills will be a young graduate's best bets for a job in the rapidly surging defense industry, said Micael Johansson, CEO of Saab. "I think there will be a big change going forward," Johansson told Business Insider on the sidelines of this year's Shangri-La Dialogue in Singapore. "Our systems will be software-defined, so of course, AI engineers, great software skills, data engineers will be super important to us," said the CEO, who was elected president of the Aerospace, Security and Defence Industries Association of Europe last month. Johansson said defense primes like Saab, which manufactures the Gripen fighter aircraft, will still need technicians and mechanics to build weapons platforms. "We need excellent, skillful production people as well. Finding welders to do submarine work is not an easy thing, so it's a mix of jobs," he said. But he added that Saab and the larger industry are moving toward a live service business model that emphasizes software in weapons systems that can be incrementally updated and connected with other platforms. Part of that industry push comes from observing the war in Ukraine, where both sides are developing new techniques in drone jamming and countermeasures in a matter of weeks. "The technology will grow so quickly, so you cannot buy a sort of, 50,000 drones and put them in stock. You want to have almost like drones as a service," Johansson said. Saab, the Nordics' biggest defense manufacturer, has enjoyed an industry-wide boom since the start of the Ukraine war. The Swedish firm reported 2024 annual sales of 63.75 billion Swedish krona, or about $6.6 billion. By comparison, annual revenue in 2021 was 39.15 billion krona. Amid the uncertainty of Washington's long-term role in NATO, the firm's share price has surged by more than 120% since President Donald Trump's inauguration in January to 484.30 krona, as of Monday afternoon. Johansson said Saab has been investing heavily to meet demand and has grown its workforce from 19,000 to 25,000 in the last two years. "We've had more than 200,000 applicants last year for the company and 74,000 for this first quarter," he said. The CEO had said in February that he expected the Stockholm-based firm to hire 1,000 more people in Sweden this year. On Friday, he told BI he'd revised the figure to 2,000 after realizing Saab had already hired 900 new staff in the first quarter. "Probably will be wrong again," he said.
Forbes
20-03-2025
- Business
- Forbes
D-Congress 2025: How AI Is Powering Fashion, Culture, And E-Commerce
D-Congress is a unique blend of cultural heritage, visionary leadership, and forward-thinking policies fosters a dynamic ecosystem driving advancements in music, fashion, and technology. Sweden is a powerhouse in digital and e-commerce innovation, home to industry leaders like Klarna and Shopify, which dominate significant global market shares. The region's unique blend of cultural heritage, visionary leadership, and forward-thinking policies has cultivated a dynamic ecosystem that drives world-leading advancements in music, fashion, and technology. Per Ljungberg, Chief Innovation Officer and Head of D-Congress at Swedish Commerce. Per Ljungberg, Chief Innovation Officer and Head of D-Congress at Swedish Commerce, emphasizes in a statement, 'Sweden is a nation powered by commerce, driven by a unique mix of cultural heritage, visionary leadership, and forward-thinking policies. This dynamic ecosystem has fostered world-leading innovation in music, fashion, and tech—paving the way for Swedish brands to shape industries far beyond our borders.' In his opening speech at D-Congress, the Swedish Prime Minister welcomed industry leaders to Svenska Mässan in Gothenburg on March 5–6, celebrating the conference's growth as the Nordics' largest retail, e-commerce, and innovation event, which highlights cutting-edge trends, showcases influential companies, and solidifies Sweden's global leadership in sustainability and innovation. With a wealth of industry professionals and insights, the e-commerce space in Sweden offers vast growth opportunities, particularly in areas like Global E-commerce, Intuitive E-commerce, Regenerative Retail, and Brand Brilliance. Events like D-Congress serve as a platform to strengthen this legacy and shape the future of retail, further solidifying Sweden's role as a global leader in commerce and innovation. D-Congress is a unique blend of cultural heritage, visionary leadership, and forward-thinking policies fosters a dynamic ecosystem driving advancements in music, fashion, and technology. The intersection of Artificial Intelligence (AI), fashion, and global e-commerce took center stage at D-Congress 2025 in Gothenburg, Sweden. The event explored how AI reshapes the current retail landscape, consumer habits, fashion design, marketing, and business creation. With a focus on innovation, sustainability, and profitability, the conference brought together industry leaders, futurists, and tech experts to discuss the transformative power of AI and its implications for the future of fashion and commerce. Nicklas Hermansson, a media visionary, and AI expert, painted a vivid picture of the year 2049, where AI and automation have reshaped society. He emphasizes the urgency of adapting to this rapidly evolving landscape, where nearly half of today's jobs could be automated. Hermansson, known for his work with Aftonbladet and his trend-curating media house NomoFomo, shared practical tools for staying ahead in this AI-driven future. His insights highlighted the importance of continuous learning, innovative thinking, and embracing the blurred lines between physical and digital realities. Dr. Achim Berg, a global fashion and luxury industry expert, discussed the paradigm shifts transforming the fashion industry, with Alex Kessler of ID magazine. Dr. Achim Berg, a global fashion and luxury industry expert, discussed the paradigm shifts transforming the fashion industry. From sustainability to technological advancements, Berg outlined the key themes shaping the next decade. A panel led by Grace Banks, Digital Director at Culted, explored these shifts, emphasizing the role of AI in driving innovation and addressing challenges like product returns and sustainability. Dr. Achim Berg, a global fashion and luxury industry expert, discussed the paradigm shifts transforming the fashion industry. Each year, the conference delves into the complexities of global e-commerce, with experts like Casper Lie from Global-e, sharing strategies for scaling online businesses. Discussions focused on overcoming challenges such as local regulations, optimizing customer experiences, and driving profitability. Brands like Pandora [jewelry] showcased their success stories, with Christian Krebs highlighting how AI-powered omnichannel strategies have fueled their 21% e-commerce growth in 2024 according to their data. A key theme at D-Congress was the balance between sustainability and profitability. Martin Börjesson of and Sylvia Wennberg of H&M led discussions on reducing product returns, improving operational efficiency, and leveraging AI to create sustainable yet profitable business models. These conversations underscored the growing importance of integrating sustainability into core business strategies. The conference also featured inspiring talks from industry leaders like Steven Bartlett, entrepreneur and host of The Diary of a CEO, shared insights on achieving success while maintaining balance. With its recent ban and rescinding in the US, TikTok session showcased its AI-powered tools, including Smart+ and Symphony, designed to optimize campaign management and content creation. Entrepreneurs like Anna Erlandsson and Jacob Friberg shared real-world success stories, demonstrating how brands like Stronger and Swappie have leveraged TikTok to boost sales and brand presence. The conference also featured inspiring talks from industry leaders like Steven Bartlett, entrepreneur and host of The Diary of a CEO, shared insights on achieving success while maintaining balance. Pandora's Christian Krebs offered a glimpse into the future of hyper-personalized retail experiences powered by Agentic AI. By replicating the magic of in-store experiences online, Pandora has redefined affordable luxury, achieving significant e-commerce growth through innovative technology and customer-centric strategies. Sebastian Siemiatkowski, CEO of Klarna discussed Klarna's journey in revolutionizing fintech and its plans to stay ahead in a rapidly evolving digital landscape. The conference also featured inspiring talks from industry leaders like Steven Bartlett, entrepreneur and host of The Diary of a CEO, and Sebastian Siemiatkowski, CEO of Klarna. Bartlett shared insights on achieving success while maintaining balance. At the same time, Siemiatkowski discussed Klarna's journey in revolutionizing fintech and its plans to stay ahead in a rapidly evolving digital landscape. D-Congress 2025 highlighted the transformative potential of AI in fashion, culture, and global e-commerce. From sustainability and profitability to personalized customer experiences and innovative marketing strategies, the event underscored the need for businesses to embrace AI and adapt to the changing landscape. As the lines between physical and digital worlds continue to blur, the insights from D-Congress offer a roadmap for thriving in the AI revolution.
