Challenges to overcome
In order to achieve the future that our System Initiative envisions, navigating through the unchartered territories of digital disruption will give rise to critical challenges that will need to be addressed:
- Managing the evolution of key demographic shifts around the world including the rise of the millennial generation in parallel with a growing aging society, and the rise of the middle class in emerging economies in tandem with increasing income inequalities.
- Meeting consumer demand for convenience, instant gratification, personalization, services and experiences over products, or access versus ownership.
- Embracing ground breaking technologies, such as Artificial Intelligence (AI), Internet of Things (IoT), Autonomous Vehicles/Drones, and Robotics, and thereby managing the massive transformation of business and operating models that will ensue.
- Ensuring inclusive value creation by addressing societal challenges (divides such as young versus old or rural versus urban, data privacy and security, and new skills and employment models to support digital enterprises of the future) while also establishing environmentally-friendly solutions to help communities prosper and businesses grow. Forum’s platform for public-private collaboration presents leaders with the opportunity to tackle these challenges head-on.