What is needed from the public and private sectors to ensure that the Fourth Industrial Revolution benefits all of humanity?
“The First Industrial Revolution used steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is building on the Third. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres” – Professor Klaus Schwab
The discussion was hosted by The World Economic Forum in Davos at the annual meeting of global political and business elites in 2017. The gathering began in 1971 as the European Management Symposium, an academic, economic and management conference under a newly formed foundation, the European Management Forum. The foundation became the World Economic Forum in 1987. Today, the global influential leaders and players spend the week at Davos mulling over major world challenges and how to solve them.