World Economic Forum 2020 – Main Takes

92043 1

by Pedro Pacheco  |  January 24, 2020  |  Submit a Comment

This year’s World Economic Forum in Davos has once again been a place of reflection for world leaders and heads of industry. The topics of “Tech for Good”, “How to Save the Planet” and “Better Business” have been centric in the discussions. Taking on board the messages from Davos, CIOs and heads of technology have a strong role to play in achieving the ambitious goals facing governments and industries around the world:

TechQuilibrium instead of fear of technology
Repelling technology for fear or lack of investment is not a future winning strategy. TechQuilibrium helps you define how digital your organization needs to be to compete or lead in a digital society, having in mind all vectors of possible instability. Not all needs to be digital, but CIOs should focus on achieving a balance point on enterprise decision-making, leadership, customer experience and digital society.

IT governance hand in hand with business foresight
IT should adopt strong and encompassing governance policies, not with the purpose of being restrictive, but aiming at helping business achieve greater goals. This governance should ensure ethics and compliance are embedded into the foundation of every new technology project to be deployed.

Monitor and measure to optimize
Technologies like blockchain, connectivity, location-based services, RFID and NFC allow you to greatly monitor your supply and value chains. Pressure on companies to reduce environmental impact will grow consecutively going forward. This calls for greater granularity in understanding further sources of waste in order to continuously improve. Even that this investment may penalize your balance sheet on year zero, waste reduction will directly translate into cost savings. You should fully capture this equation in order to secure investment.

IT as a powerhouse for climate protection and cost reduction
Technology offers a great deal of alternatives for reducing environmental impact and costs. AI and IoT are still evolving and will offer many opportunities to reduce impact, waste and cost when strategically applied to the value chain. Quantum computing, which is becoming more available to industry and academia, will help address several complex problems that previously have been put aside. Just think on how it could improve battery performance or optimize the movement of people and goods around mega-cities and countries.

Mobility requires holistic thinking and cooperation
Due to its significant impact on emissions and resource usage, mobility of people and goods should start from a holistic perspective on impact and benefits. This implies that supply chain and full lifecycle assessment should be carefully monitored using blockchain and connectivity for greater precision – from raw material exploration to end-of-life disposal. When choosing mobility solutions, CIOs should consider both their convenience to citizens and overall environmental impact. The planning of mobility in urban areas should be fully integrated and seamless, embodying a principle of MaaS (Mobility as a Service) that privileges environmental goals.

Mobility faces major challenges that can only be overcome with tight collaboration. Mobility providers, equipment manufacturers, energy companies and governments all have to work together to achieve these goals. The creation of regulation promoting standardization, open source and technology sharing will be key steps to enable future success.

Additional Resources

View Free, Relevant Gartner Research

Gartner’s research helps you cut through the complexity and deliver the knowledge you need to make the right decisions quickly, and with confidence.

Read Free Gartner Research


Tags: ai  blockchain  davos  iot  maas  mobility  quantumcomputing  wef2020  

Pedro Pacheco
Senior Director of Research I
15 years at Gartner
1 year IT Industry

Pedro Pacheco is a Senior Research Director in Gartner’s CIO Research Group. Mr. Pacheco covers the automotive industry with a focus on C.A.S.E. (Connected Car, Autonomous Drive, Services and Electric Drive) and related adjacent areas like IoT, SaaS, EV charging infrastructure, renewable energy and energy storage. His area of expertise also encompasses smart mobility and its breadth of business models, digital platforms and transportation systems.Read Full Bio

Sourced from: Gartner Blog. View the original article here.

Have you checked out the new website as yet? Benchmark your services against your peers, have a look at what your competitors are doing, get listed in the best Telecoms provider directory in South Africa, and advertise on the site to attract customers to your page where you can view page hits, respond to reviews, load adverts, and more.

Visit or jump to a leading comparison section:

Enjoy the site!


About Telecoms-Channel is your one-stop source for the latest news and insights from the telecoms industry in South Africa, where you get comprehensive coverage of the industry and keep up with the ever-evolving market landscape.

Whether you need to understand market trends, identify new opportunities, or stay informed of the latest developments, we have you covered.

In addition to bringing the best news together, we have access to an extensive supplier network that makes it easy for any telecoms company looking to tap into new markets or enter the telecoms industry. Take advantage of our expertise and contact us today to find your next partner!

Other posts you might be interested in

Ericsson LG
Industry News

Ericsson-LG’s Key Trends Shaping the Future of Enterprise Communication

Ericsson-LG is at the forefront of transforming the business communications landscape. By harnessing the power of artificial intelligence, cloud technology, and robust cybersecurity, the company is empowering businesses to enhance productivity, streamline operations, and improve customer experiences.

Cloud PBX Solutions

Request Once, Get Multiple Quotes - Save Thousands!