2017 kicked off with the ‘World Economic Forum’ (WEF) in Davos, where the world’s top leaders get together each year to shape global, regional and industry agendas. Peter Terium and Thomas Birr represented innogy and as always, took the opportunity to meet widely with industry leaders and entrepreneurs.
Despite the media reports of ‘a world in confusion’, the overall sentiment was far from negative. There is increasing awareness that the world economy is at a tipping point and the main part of the discussion was about where this will take us. The forces of globalization and digitalization are clearly driving a growing sense of uncertainty. Many existing business models are coming to an end with breath-taking speed, as game-changing technologies rapidly take hold.
The future of work
The big talking points at Davos this year included artificial intelligence, robotics, blockchain and the future of manufacturing. As well as discussing the impact of these emerging technologies on business, there was also wide recognition of the urgent need to understand the wider effect on society, particularly the future of work for whole sections of the labour market.
In the “Stewards meeting on shaping the future of mobility” Peter Terium gave some insights on how innogy is spearheading the development of blockchain technology to enable cars to become “economically independent vehicles” – not only self driving, but also transacting autonomously to pay charges and receive payments. You can read a fascinating article on this subject by Thomas Birr and Carsten Stöcker published on the WEF website: “Goodbye car ownership, hello clean air: welcome to the future of transport”.
You can look forward to reading more about how participating in the ‘World Economic Forum’ inspires our leaders.