The Next Economic Growth Engine – Scaling Fourth Industrial Revolution Technologies in Production

After a decade of stagnated productivity, the Fourth Industrial Revolution is expected to create up to $3.7 trillion in value by 2025. Technologies such as the internet of things, advanced robotics, artificial intelligence and additive
manufacturing are already helping to generate net productivity increases.
However, to achieve the desired broad-based economic and societal impact and to maximize productivity benefits, technology must be adopted at scale and diffused throughout the ecosystem. This requires strengthened
collaboration between governments, businesses, academia and civil society, thus unlocking the full value delivered to the economy and society.
The World Economic Forum System Initiative on Shaping the Future of Production provides a platform for leaders across the public and private sectors to work together to build a more inclusive and sustainable future of
production. In pursuing this, they look to technology and innovation to boost economic growth, and to promote a human-centred approach for the benefit of all. Established in 2016, the System Initiative’s community has become more diverse and counts over 60 businesses from 18 industry sectors, 25 ministers of commerce and/or industry, and representatives from top engineering universities, labour unions and civil society organizations.
Within the System Initiative’s framework, the Technology and Innovation for the Future of Production project, developed in collaboration with McKinsey & Company, is exploring how industrial companies can take technology
adoption in production from proof of concept to industrial scale. The project is also examining how governments and civil society can best support the development of a favourable ecosystem for adopting and diffusing technology
across industry sectors.
This White Paper summarizes new findings, conclusions and recommendations for governments and businesses, drawn from desk research and extensive consultations from May to November 2017. The goal is to inform the design of future strategies for the adoption and diffusion of Fourth Industrial Revolution technologies at scale through strengthened public-private collaboration.

Fuente: WEF

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