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Data Creates a Magic Circle, Says Intel Executive

Israeli Industry Conference

Data Creates a Magic Circle, Says Intel Executive

Yaniv Garty, CEO of Intel's operations in Israel, spoke at Calcalist’s annual Israeli Industry Conference held in Tel Aviv Tuesday

CTech | 17:39  26.03.2019
Ever greater quantities of data give birth to new applications, generating more data: according to Yaniv Garty, CEO of Intel's operations in Israel, data creates a magic circle. Garty spoke Tuesday at Calcalist’s annual Israeli Industry Conference in Tel Aviv.

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“These are tremendous quantities of data. It’s a magic circle—the data pushes for new applications, which push for new technologies, which create more data.”

Yaniv Garty. Photo: Amit Sha Yaniv Garty. Photo: Amit Sha'al Yaniv Garty. Photo: Amit Sha

Intel has been operating in Israel since 1974. It now employs almost 13,000 people in the country, after acquiring Jerusalem-based auto technology company Mobileye N.V. for $15.3 billion in 2017.

In 2018, Intel’s export from Israel amounted to $4 billion.

Recently the company announced plans to expand its manufacturing operations in the country.

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Commenting on the rapid progress of digitization, Garty noted that “reality has been digitized.”

With virtual reality and augmented reality Intel has been able to create a reality that never before existed, he said.
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