New business models, the reallocation of resources, enterprises and even value chains are some of the changes already unfolding. A number of technologies collectively called advanced manufacturing - which comprises the more popular term industry 4.0 - will be influencing decision making in an unprecedented way. A new industrial revolution is underway.
There is no doubt that the industry of the future will be beneficial to all. Thousands of enriched jobs will be created around services necessary to support production, yet others will disappear. In the transition process no one must be left behind.
Innovation and public policies supporting change, interconnectivity and common standards are at the core of any forward-looking discussion to ensure we will be bridging any technological divide in a socially sustainable and responsible way.
Digital economy as the engine of growth, inclusion and transparency
Digital economy is an ever-growing part of our lives, making government procedures more transparent and cost-effective, fostering entrepreneurship, facilitating trade, and supporting inclusion.
Cross-border data flows, responsibility for content, cybersecurity, and even reciprocity and legal limits on new cross-border services are some of the significant ongoing debates that need clear definitions.
As digital services keep innovating, new collaborative solutions also start to be commonplace.
Companies that combine digital information and communication technologies are occupying a growing share of financial services that foster inclusion. This new business model could cooperate with financial inclusion action plans, which have been recognized as a global priority. Still, policies regulating digital services in each specific area need to ensure fairness and provide security while retaining an innovative, collaborative and inclusive element.
Digital infrastructure is the basis for the progress we envision. G20 leaders have expressed concrete objectives to provide the worlds population with further and better access, but many externalities stand in the way. How well are we closing the gaps among countries and reaching the connectivity objectives of Hangzhou 2016? B20 provides the business community with the opportunity to reach a consensus and come forward with concrete proposals for G20 leaders, directly impacting policymaking in these major areas.