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La Stampa: Francesco Profumo – “The ministry only supervises individual acts. Autonomy is not up for discussion”

Source: La Stampa, also in physical edition from June 09th 2024, page 24.


Francesco Profumo: “The ministry only supervises individual acts. Autonomy is not in question”

The former president of Compagnia and Acri: “The system of institutions has antibodies. For appointments, the triad mechanism doesn’t work, a simple indication is better”

By Claudia Luise, June 9th, 2024 at 12:17

4 min reading

“Foundations have the antibodies to overcome complicated moments”. Francesco Profumo, former President of the Compagnia di San Paolo and former President of Acri (l’Associazione di Fondazioni e di Casse di Risparmio italiane) answers the phone while he is at the airport, engaged in his double life as a trainer with the academic institution OPIT (of which he is rector) and an innovator with Isybank, the online bank of Intesa Sanpaolo (of which he is President).

What is your opinion on the Crt Foundation affair?

“I don’t want to go into the Crt issue, because I don’t know the details and it’s not my responsibility, but I can report my personal experience, as a former president of the foundation. In recent months, the Compagnia di San Paolo has undertaken the process of revising its statute and renewing its governance, everything went smoothly and within the expected time frame. I believe that the Society’s statute is a good statute and that it can also be a model for other foundations. As preliminaries to the revision of the statute, which is approximately 10 years old, the new post-pandemic national and European context, the hybrid territorial foundation model and the new operating methods tested in the last 8 years, during my presidency, were posed. The designating bodies have a very important role, because they designate the Councilors of the new governance, with the skills necessary to make the foundation work well collegially. The designations are “dry”, one for each position to be renewed. The Steering Committee constitutes a collegial evaluation of the CV of each designee and votes on their appointment. The Directors thus appointed have no mandate and must work for the good of the foundation and the beneficiaries”.

If a commissioner arrives in Turin, could the “fool” made by the territory also generate repercussions within the Company?

“I do not think so. The Company has demonstrated over the decades that it is a resilient entity, despite natural transitions in governance. Some accidents can happen in a large community like that of foundations, in Italy there are 86, but I believe that there are the right antibodies to bring these events back to the right dimension”.

Is it right for foundations to be controlled at a public level?

“The ruling of the Consulta, 300 of 2003, clarified that foundations are private bodies with full statutory and management autonomy, non-profit, with social objectives, subject to legitimacy supervision of individual acts by the Treasury. So there are all the elements for these bodies to be responsibly autonomous. From this point of view there has been an interesting evolution.”

What was it?

“The thirty years of the foundations can be divided into approximately three decades. The first, from the Amato law (1990) to the Ciampi law (1999), in which well-defined rules did not yet exist and potential beneficiaries asked for resources directly from the foundations, which responded based on availability. The second, from the Ciampi law to the signing of the Acri-MEF protocol (2015), in which the rules were written, for example on the management of assets and on the maximum number of director mandates”.

And now?

“The maturity of the foundations has been underway since 2015. Today they are subjects who act, in the territories, as development agents and, as such, have developed the strategic capacity to define objectives, priorities and methods of intervention and operate in subsidiarity with other third sector subjects, public and private. Many foundations today operate in a hybrid mode: they are not only providers, but also implementers.”

What does this mutation mean?

“Foundations increasingly often implement capacity building, co-planning and results evaluation actions. The Pnrr was a very interesting field of experimentation with excellent results.”

What do you think of Lagarde’s decision to lower rates?

“The European Central Bank acted correctly.”

What path should the ECB take?

“President Lagarde’s words are very clear. “Interest rates must remain restrictive as long as necessary to ensure price stability on a lasting basis. In other words, we will still have to keep our foot on the brake pedal for a while, even if we don’t push as hard as before.”

OPIT, the leading academic institution dedicated to the digital themes, is organizing a meeting at the Grattacielo Intesa Sanpaolo in Turin on Thursday. But why do we need educational programs like this?

“Next will be the second academic year of this new institution which is based in Malta. The fundamental reason is that there is a demand for education that is closely connected to the digital transition, with all that it entails, both from the point of view of skills and the speed of change and uncertainty. Industrial revolutions previously lasted up to 90 years and therefore what you learned in school was enough for a lifetime. This industrial revolution, however, will be very short, it will last about twenty years, so it will be necessary to do more training. And then, while in the other three revolutions there was a partial replacement of people’s muscular strength with a form of energy, now for the first time we have an aid to brain activity.”

What impact does all this have on education?

“By putting these elements together, we understand that the training models and the resulting offer will have to be different compared to the past: they will have to be more diversified (different actors who will play their part in this new world that is being built) and based on a model of people’s lives that surpasses the current one, dictated by a part of studying/training, a part of work and a part of retirement. The reduction of the times of this revolution will ensure that what we have learned in school is not enough and therefore we will need to go back to school several times, unlearning things we have learned and learning new ones. In the first part of life, therefore, we must learn to learn; otherwise, updating skills will become extremely tiring for people. So there is a growing demand to decouple knowledge from skills: the former will last a lifetime, the latter will not. OPIT is an educational offer designed not on the basis of previous experiences, but on the basis of future needs. There are teachers from over 40 countries and the accreditation is done in an English-speaking nation to have a truly international spirit with students from all over the world who can contribute to the creation of this new training culture.”

What role could the Italian foundation for AI, born in Turin a few weeks ago, have?

“It is a little early to say what the operational model of the Foundation will be, the President has just been appointed and the first act will be the start of the selection procedure for the Director. The Director, who is the central figure for the development of the Centre, will have to present the Strategic Plan, which will indicate the main sectors of activity, the skills of the staff who will have to be hired initially and the network of scientific relations at local, Italian and European level , which will be launched in the first two years of the Foundation’s life. The times will not be short, also due to the competition with other similar initiatives, which are developing in Italy and Europe”.

As president of Isybank, how do you combine all the roles?

“Training, research and applications in the artificial intelligence sector are and will be increasingly interesting, with their developments happening in the coming years. We are only at the dawn of a revolution that will profoundly change our way of living, studying and working and we will have to be prepared to manage these transitions. I am sure that the speed of change and the uncertainty of the future will be two characterizing elements of this historical phase and we will have to be very careful not to forget the centrality of man and the ethical aspects with respect to the changes we will have to make. We will have to be very attentive to the education of the new generations, starting from the first years of school, but we will also have to invest with great attention in people already in adulthood, who will have to be accompanied and not abandoned. With reference to Isybank, I have started studying and I hope that in a reasonable time I will be able to make an intellectual and operational contribution to a sector of great importance for our country”.

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Value of the Capstone Project: OPIT Student Interview With Irene
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OPIT - Open Institute of Technology
Jun 12, 2025 6 min read

During the Open Institute of Technology’s (OPIT) 2025 graduation day, the OPIT team interviewed graduating student Irene about her experience with the MSc in Applied Data Science and AI. The interview focused on how Irene juggled working full-time with her study commitments and the value of the final Capstone project, which is part of all OPIT’s master’s programs.

Irene, a senior developer at ReActive, said she chose to study at OPIT to update her skills for the current and future job market.

OPIT’s MSc in Applied Data Science and AI

In her interview, Irene said she appreciated how OPIT’s course did not focus purely on the hard mathematics behind technologies such as AI and cloud computing, but also on how these technologies can be applied to real business challenges.

She said she appreciated how the course gave her the skills to explain to stakeholders with limited technical knowledge how technology can be leveraged to solve business problems, but it also equipped her to engage with technical teams using their language and jargon. These skills help graduates bridge the gap between management and technology to drive innovation and transformation.

Irene chose to continue working full-time while studying and appreciated how her course advisor helped her plan her study workload around her work commitments “down to the minute” so that she never missed a deadline or was overcome by excessive stress.

She said she would recommend the program to people at any stage in their career who want to adapt to the current job market. She also praised the international nature of the program, in terms of both the faculty and the cohort, as working beyond borders promises to be another major business trend in the coming years.

Capstone Project

Irene described the most fulfilling part of the program as the final Capstone project, which allowed her to apply what she had learned to a real-life challenge.

The Capstone Project and Dissertation, also called the MSc Thesis, is a significant project aimed at consolidating skills acquired during the program through a long-term research project.

Students, with the help of an OPIT supervisor, develop and realize a project proposal as part of the final term of their master’s journey, investigating methodological and practical aspects in program domains. Internships with industrial partners to deliver the project are encouraged and facilitated by OPIT’s staff.

The Capstone project allows students to demonstrate their mastery of their field and the skills they’ve learned when talking to employers as part of the hiring process.

Capstone Project: AI Meets Art

Irene’s Capstone project, “Call Me VasarAI: An AI-Powered Framework for Artwork Recognition and Storytelling,” focused on using AI to bridge the gap between art and artificial intelligence over time, enhancing meaning through contextualization. She developed an AI-powered platform that allows users to upload a work of art and discover the style (e.g. Expressionism), the name of the artist, and a description of the artwork within an art historical context.

Irene commented on how her supervisor helped her fine-tune her ideas into a stronger project and offered continuous guidance throughout the process with weekly progress updates. After defending her thesis in January, she noted how the examiners did not just assess her work but guided her on what could be next.

Other Example Capstone Projects

Irene’s success is just one example of a completed OPIT Capstone project. Below are further examples of both successful projects and projects currently underway.

Elina delivered her Capstone project on predictive modeling of natural disasters using data science and machine learning techniques to analyze global trends in natural disasters and their relationships with climate change-related and socio-economic factors.

According to Elina: “This hands-on experience has reinforced my theoretical and practical abilities in data science and AI. I appreciate the versatility of these skills, which are valuable across many domains. This project has been challenging yet rewarding, showcasing the real-world impact of my academic learning and the interdisciplinary nature of data science and AI.”

For his Capstone project, Musa worked on finding the optimal pipeline to fine-tune a language learning model (LLM) based on the specific language and model, considering EU laws on technological topics such as GDPR, DSA, DME, and the AI Act, which are translated into several languages.

Musa stated: “This Capstone project topic aligns perfectly with my initial interests when applying to OPIT. I am deeply committed to developing a pipeline in the field of EU law, an area that has not been extensively explored yet.”

Tamas worked with industry partner Solergy on his Capstone project, working with generative AI to supercharge lead generation, boost SEO performance, and deliver data-driven marketing insights in the realm of renewable energy.

OPIT’s Master’s Courses

All of OPIT’s master’s courses include a final Capstone project to be completed over one 13-week term in the 90 ECTS program and over two terms in the 120 ECTS program.

The MSc in Digital Business and Innovation is designed for professionals who want to drive digital innovation in both established companies and new digital-native contexts. It covers digital business foundations and the applications of new technologies in business contexts. It emphasizes the use of AI to drive innovation and covers digital entrepreneurship, digital product management, and growth hacking.

The MSc in Responsible Artificial Intelligence combines technical expertise with a focus on the ethical implications of modern AI. It focuses on real-world applications in areas like natural language processing and industry automation, with a focus on sustainable AI systems and environmental impact.

The MSc in Enterprise Cybersecurity prepares students to fulfill the market need for versatile cybersecurity solutions, emphasizing hands-on experience and soft-skills development.

The MSc in Applied Data Science and AI focuses on the intersection between management and technology. It covers the underlying fundamentals, methodologies and tools needed to solve real-life business problems that can be approached using data science and AI.

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OPIT Career Services: How We Support Your Future
OPIT - Open Institute of Technology
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Jun 12, 2025 6 min read

In May 2025, Greta Maiocchi, Head of Marketing and Administration at the Open Institute of Technology (OPIT), went online with Stefania Tabi, OPIT Career Services Counselor, to discuss how OPIT helps students translate their studies into a career.

You can access OPIT Career Services throughout your course of study to help with making the transition from student to professional. Stefania specifically discussed what companies and businesses are looking for and how OPIT Career Services can help you stand out and find a desirable career with your degree.

What Companies Want

OPIT degrees are tailored to a wide range of individuals, with bachelor’s degrees for those looking to establish a career and master’s degrees for experienced professionals hoping to elevate their skills to meet the current market demand.

OPIT’s degrees establish the foundation of the key technological skills that are set to reshape industries shortly, in particular artificial intelligence (AI), big data, cloud computing, and cybersecurity.

Stefania shared how companies recruiting tech talent are looking for three types of skills:

  • Builders – These are the superstars of the industry today, capable of developing the technologies that will transform the industry. These roles include AI engineers, cloud architects, and web developers.
  • Protectors – Cybercrime is expected to cost the world $10.5 trillion by the end of 2025, which means companies place a high value on cybersecurity professionals capable of protecting their investment, data, and intellectual property (IP).
  • Decoders – Industry is producing more data than ever before, with global data storage projected to exceed 200 zettabytes this year. Businesses seek professionals who can extract value from that data, such as data scientists and data strategists.

Growing Demand

Stefania also shared statistics about the growing demand for these roles. According to the World Economic Forum, there will be a 30-35% greater demand for roles such as data analysts and scientists, big data specialists, business intelligence analysts, data engineers, and database and network professionals by 2027.

The U.S. Bureau of Labor Statistics, meanwhile, predicts that by 2032, the demand for information security will increase by 33.8%, by 21.5% for software developers, by 10.4% for computer network architects, and by 9.9% for computer system analysts. Finally, the McKinsey Global Institute predicts a similar 15-25% increase in demand for technology professionals in the business services sector.

How Career Support Makes a Difference

Next, Stefania explained that while learning essential skills is vital to accessing this growing job market, high demand does not guarantee entry. Today, professionals looking for jobs in the technology field must stand out from the hundreds of applicants for each position with high-level skills.

Applicants demonstrate technical expertise in relevant fields by completing OPIT’s courses. They also need to prove that they can deliver results, demonstrating not just what they know but how they have applied what they know to transform or benefit a business. Professionals also need adaptability, adaptive problem-solving skills, and a commitment to continuous learning. OPIT’s final Capstone projects can be an excellent way to demonstrate the value of newly acquired skills.

Each OPIT program prepares students for future careers by providing dedicated support and academic guidance at every step.

What Kind of Support Does Career Services Offer?

Career Services is specifically focused on assisting students in making the transition to the job market, and you can make an appointment with them at any time during your studies. Stefania gave some specific examples of how Career Services can support students on their journey into the career market.

Stefania said she begins by talking with students and discussing what they truly value to help them discover the type of career that aligns with their strengths. With students who are still undecided on how to start to build their careers, she helps them craft a tailored job and internship search plan.

Stefania has also worked with students who want to stand out during the job application process among the hundreds of applicants. This includes hands-on help in reframing resumes, tailoring LinkedIn profiles, and developing cover letters that tell a unique story.

Finally, Stefania has assisted students in preparing for interviews, helping them research the company, develop intelligent questions about the role to ask the interviewer and engage in mock interviews with an experienced recruiter.

Connecting With Employers

OPIT Career Services also offers students exposure to a wide range of employers and the opportunity to build relationships through masterclasses, career talks, and industry roundtables. The office also helps students build career-ready skills through interactive, hands-on workshops and hosts virtual career fairs with top recruiters.

Career Services also plays an integral role in connecting students with companies for their Capstone project in the final phase of their master’s program. So far, students have worked with companies including Sintica, Cosmica, Cisco, PayPal, Morgan Stanley, AWS, Dylog, and Accenture. Projects have included developing predictive modeling for natural disasters and fine-tuning AI to answer questions about EU tech laws in multiple languages.

What Kinds of Jobs Have OPIT Graduates Secured?

Stefania capped off her talk by sharing some of the positions that OPIT graduates have now fulfilled, including:

  • Chief Information Security Officer at MOMO for MTN mobile services in Nigeria
  • Data Analyst at ISX Financial in Cyprus
  • Head of Sustainability Office at Banca Popolare di Sondrio in Italy
  • Data Analyst at Numisma Group in Cyprus
  • Senior Software Engineer at Neaform in Italy

OPIT Courses

OPIT offers both foundational bachelor’s degrees and advanced master’s courses, which are both accessible with any bachelor’s degree (it does not have to be in the field of computer science).

Choose between a BSc in Modern Computer Science for a strong technical base or a BSc in Digital Business to focus on applications.

Meanwhile, courses that involve a final Capstone project include an MSc in Applied Data Science and AI, Digital Business and Innovation, Enterprise Cybersecurity, and Responsible Artificial Intelligence.

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