Mark Gallagher

Formula One has embraced a data-driven business culture, focusing on marginal gains and continuous improvement since the late 1980s. Teams gather, process, and utilize data to manage risk, optimize performance, and ensure outcomes. Data acquisition and analytics are crucial, helping drivers, engineers, and staff diagnose issues, resolve problems, and speed up decision-making. With global information flow, robust data security systems protect against threats. Simulators have revolutionized driver training, and technologies like additive manufacturing, machine learning, and AI are accelerating Big Data's impact on the sport. Attendees will learn how Formula One leverages data to enhance every aspect of its operations.

Formula One has a 2030 carbon neutral strategy for the cars, teams, events and World Championship operations. It is abandoning all fossil fuel use by the end of 2024 and already uses AI in manufacturing and race strategy. Formula 1 has been using petrol-electric hybrid engines since 2014, including the most energy-efficient engines ever produced, and is innovating a range of environmentally sustainable green technologies which will decarbonise the industry and provide wider relevance to transport. It has a very strong story to share about profound change in relation to abandoning fossil fuels and eliminating emissions.

In the high-stakes world of Formula One, designing and operating a vehicle that meets the rigorous safety, reliability, and performance standards requires unparalleled teamwork. With deadlines set by the Grand Prix calendar, the pressure is immense. Success hinges on the seamless collaboration of over a thousand staff members, from engineers in R&D to the pit crews executing precision stops in mere seconds. True teamwork is fostered by a culture of accountability, responsibility, and open communication, ensuring the team is aligned and adaptable to the ever-evolving technological landscape and competitive dynamics. Learn how to embrace the teamwork principles of F1 in your own team: not just excellence but continuous innovation and adaptability.

Safety has become a top priority in Formula One, with significant changes in risk management over the past 25 years. From 1950 to 1994, over 40 drivers died at events; since then, only one fatality has occurred. This improvement is due to clear safety priorities set by the sport’s leadership, supported by teams and race promoters. Process safety and a data-driven approach to incidents have led to cars that can withstand high-energy impacts. The FIA also promotes road safety globally through its Action for Road Safety Campaign. Attendees will learn about these advancements from John Doe.

Business models break, new ones develop, technology evolves, regulations are revised and customers alter buying habits. Every industry is witnessing change, and Formula One is no different; as a multi-billion dollar sport, it has seen unprecedented change in the last 20 years. The number of events has grown, shifting from its heartland of Europe to a truly global calendar, which sees 65% of events in long-haul destinations. The media landscape is changing out of all recognition; gone are the audiences made up of families watching television together; instead, global sports are having to develop products to appeal to all ages and demographics across multiple digital media platforms.