The Annual Meeting of the World Economic Forum is renowned for bringing together every year, in Davos, the brightest minds in business, governments and civil society. In 2016, the main theme of the gathering was the 4th Industrial Revolution - How will the world be impacted by technology breakthroughs? What impact will these have on climate, work, social inclusion, society and economy?
The event comprised more than 300 discussions and various webcasts. Based on the released articles and summary videos, we've compiled a list of 5 key ideas that were emerging across industries:
1. Forth Industrial Revolution – this focuses on how technology (nanotechnology, digital platforms, robotics, 3D printing) will take over most of our work aspects, but it is going to be a gradual change, over the next decade. The new technologies will impact both individuals and global politics.
2. People Centric Approach towards social inclusion and economic growth – whatever is the direction of development, people’s wellbeing should be at the core of it. A national evaluation of people’s well being rather than GDP should be implemented. Furthermore, companies should serve all stakeholders’ interests and go beyond shareholders ‘goals.
3. Public Private Partnerships to solve society’s challenges – gatherings such as the World Economic Forum, where a variety of stakeholders get together, are a very important point of departure for local and global growth.
4. Addressing environmental issues – in a survey before the event, the participants named climate change as the greatest threat to the global economy in 2016. However, a concrete plan around topics such as clean energy, consumption reduction, water management, CO2 emissions was not the core topic.
5. Holistic approach – from choosing the leadership style to the way we conduct policy making, having a holistic approach will make the difference when it comes to long-term positive impact.