: +41 (0)22 869 1212 . World Economic Forum White Paper Digital Transformation of Industries: In collaboration with. By democratizing this knowledge, we aim to fundamentally reform the manufacturing community's approach to industrial transformation . Digital transformation (henceforth abbreviated as "DT") is on the minds of many organizations and promises to modernize firms by optimizing existing processes, enhancing customer experiences, and fostering innovation. White Papers are submitted to the World Economic Forum as contributions to its insight areas and interactions, and the Forum makes the final decision on the publication of the White Paper. World Economic Forum White Paper Digital Transformation of Industries In collaboration with Accenture Media. Digital Transformation of Industries: Digital Enterprise. Read Paper. and World Economic Forum white paper: "Digital Transformation Initiative: Telecommunications Industry." Pressure on traditional revenues means that it is increasingly important for operators to look at new digital business models to make sure that they share in the value from digital transformation. Reports. Digital Transformation: Powering the Great Reset "This paper explores the increasing yet evolving role and relevance of digital transformation in business today. • Build an insight-driven enterprise by engaging in a holistic and . 2020 Predictive analytics help The Digital Transformation Initiative offers unique insights into the impact of digital technologies on business and wider society over the next decade. The key to this, they argue, is " The Great Reset ," a radical vision of a transformed global economic order, and they see 2021 as the best time to implement it. Every day, 2 billion people - almost a third of the world's population - use the products of just one global consumer products company. . World Economic Forum White Paper Digital Transformation of Industries: In collaboration with Accenture January 1, 1900 Digitalization is the cause of large-scale and sweeping transformations across multiple aspects of business, providing unparalleled opportunities for value creation and capture, while also representing a major source of risk. To convert sustainability goals into reality, Accenture and the World Economic Forum decoded "Sustainability DNA," a set of 21 management practices, systems and processes that form the foundations of stakeholder-centricity. The next-gen digital partner for today's makers & doers. Under the Global SIRI Initiative, the World Economic Forum, in collaboration with international partners, started building the world's largest datasets and benchmarks on the current state of manufacturing. The future of higher education: How technology will shape learning. 2. Foreword There is widespread recognition among leaders in most industries that the role of digital technology is rapidly shifting, This article is an excerpt from the World Economic Forum white paper Digital Transformation Initiative Telecommunications Industry by the World Economic Forum, in collaboration with Accenture, and with contributions from the members of the World Economic Forum's Telecommunications Industry Steering Committee and the more than 40 experts from industry partners . How Digital Transformation and IoT Can . GSMA embracing the digital revolution policies building the digital economy Feb 2017. White Paper. White Papers. Ericsson's USA 5G Smart Factory's sustainability achievements are also highlighted in a new WEF White Paper titled: Global Lighthouse Network: Unlocking Sustainability . The Digital . Mauri P (2018) Understanding the relationships between organizations and information technologies. Main Menu; by School; by Literature Title; by Subject; Digital transformation and how it can help decision-makers in the energy sector manage risks Study Resources. This white paper has been published by the World Economic Forum as a contribution to a project, insight area or interaction. World Economic Forum. White Papers are submitted to the World Economic Forum as contributions to its insight areas and interactions, and the Forum makes the final decision on the publication of the White Paper. Digital Authority Partners. xvi World Economic Forum, A Blueprint for Digital Identity, August 2016, p 28. More information can be found on the World Economic Forum site at digital.weforum.org January 2016 3 World Economic Forum White Paper Digital Transformation of Industries: Societal Implications 1. This white paper examines three digital transformation themes profoundly impacting the materials industry . digital.weforum.org. World Economic Forum White Paper Digital Transformation of Industries: In collaboration withAccenture Logistics Industry Published on October 11, 2016 October 11, 2016 • 1 Likes • 0 Comments The Smart Industry Readiness Index is a world's first Industry 4.0 tool that is developed by the government for nationwide transformation of industrial sectors. "Digital Transformation of Industries: Digital Enterprise," white paper, World Economic Forum and Accenture, New York, January 2016; and W. Ruh, keynote presentation (Minds + Machines 2016 conference, San Francisco, Nov. 15-16, 2016). An Industrial Internet Consortium and IoT Alliance Australia Joint White Paper . Digital transformation is reshaping every industry across the globe. 5 It for instance expects that: 'The healthcare system of the future will look very different, with a crucial change being the move to "consumer-centric" healthcare, allowing citizens to have much . In 2020 and beyond, the Accelerating Digital Transformation programme, facilitated by the World Economic Forum, will support conversations and collaborations among the members of a growing community of leaders who are redefining digital business transformation as an engine of future value for both their organizations and society. White Papers describe research in progress by the author(s) and are published to elicit comments and further debate. . Source: World Economic Forum White Paper Digital Transformation of Industries: Electricity Industry, January 2016 Generation Market Operational Trading . That includes a potential value of $12.7 billion from the digital overhaul of just four industries: automotive, consumer, electricity and logistics. The Increasing Capability of Digital Technologies Source: Transformation Initiative Mining and Metals Industry, White Paper, World Economic Forum/Accenture Analysis, January 2017. The study sought to assess the challenges associated with the digital transformation of the education sector in South Africa. Manufacturing. . GLN includes companies that have achieved remarkable 4IR advancements within the four walls of factory sites or have effectively implemented end-to-end (E2E) digitization across the value chain. Ebook: A Guide to Online Reputation Management for Doctors. This white paper has been published by the World Economic Forum as a contribution to a project, . According to a white paper by the World Economic Forum and Accenture, the digital transformation in the field of logistics is expected to result in $1.5 trillion value at stake by 2025. The study presents an application of fuzzy-set qualitative comparative analysis (fsQCA) to analyze the future impact . New business opportunities related to Industry 4.0 are emerging, so companies must adapt to the new environment. . This digital transformation is wholly reliant on a reliable and robust network infrastructure. 2016 5. Targeting to create awareness of the transformational aspects towards digital economy and embracing the forth-industrial revolution. National transformation in the middle east a digital journey. http . The Digital Transformation Initiative (DTI) was launched by the World Economic Forum in 2015 to serve as the focal point for new opportunities and themes arising from the latest developments in the digitalization of business and society. 222 W Merchandise Mart Plaza #1212. Uptake will collaborate with the Forum, other industry leaders, and policymakers to better understand digital transformation opportunities and provide insights and principles required for businesses to adapt. 2020 - Digitalization, AI in Aviation and the Human Factor Kostas Iatrou 2020-05-04T01:38:53+03:00. REF 100616 World Economic Forum White . While dull and repetitive tasks are automated, work that requires ingenuity is performed by people. World economic forum white paper . CHICAGO — Jan. 14, 2020 — Uptake today announced that it has joined the World Economic Forum. Arab Forum is a non-profit organization, driven and financed by the collective input of its members, targeting experts from different fields including policy makers and strategists. Bringing Autonomy to industrial Control Systems. World Economic Forum 91-93 route de la Capite CH-1223 Cologny/Geneva Switzerland Tel. OECD digital economy outlook 2015. The World Economic Forum publishes a comprehensive series of reports which examine in detail the broad range of global issues it seeks to address with stakeholders as part of its mission of improving the state of the world. Digital transformation (DT) is the process by which entities adapt themselves to modern technology. World Economic Forum. 333 World Economic Forum White Paper Digital Transformation of Industries: In collaboration with Accenture Digital Enterprise January 2016 The views expressed in this White Paper are those of the author(s) and do not necessarily represent the views of the World Economic Forum or its Members and Partners. Known Traveller Digital Identity or KTDI is a World Economic Forum initiative that brings together a global consortium of individuals, governments, authorities and the travel industry to enhance security in world travel. A New Era of Manufacturing in the Fourth Industrial Revolution: $7 Billion of Possibilities Uncovered in Michigan. Clearly, digital transformation is a major part of this shift, and so I am honored to announce my guest contribution to a new white paper, The Impact of Digital Content: Opportunities and Risks of Creating and Sharing Information Online by the World Economic Forum Global Agenda Council on Social Media. Digital transformation opens up entirely new territory for workers Productivity in Industry 4.0 depends on highlighting human ability. The World Economic Forum, in collaboration with Accenture, has published a white paper which explores how digital technologies are transforming the mining and metals industry. Microsoft. . January 2016 4 World Economic Forum White Paper Digital Transformation of Industries: Automotive Industry 2. Accelerating Digital Transformation in Manufacturing with Configuration Lifecycle Management (CLM) Manufacturing. unnecessary downtime (World Economic Forum, 2019). "We're at the outset of the Fourth . The $6.8 trillion figure is based on the World Economic Forum white paper, but was extrapolated to . from the World Economic Forum indicates that network automation could add $9 billion in operating profit from less frequent and shorter network outages. The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. by. Based on the 2018 study by the World Economic Forum and Accenture, DT will realize $100 trillion in value over the next decade. Chicago , IL 60654. Executive Summary Our analysis indicates that there is $0.67 trillion1 of value at stake for automotive players and a further $3.1 trillion worth of societal benefits as a result of digital transformation of the industry up until 2025. World Economic Forum, "Digital Transformation of Industries Demystifying Digital and Securing $100 Trillion for Society and Industry by 2025," Jan 2016 Related: Remote Work The report addresses the global impact of COVID-19 . Our research supports collaboration between the public and private sectors focused on ensuring that digitalization unlocks new levels of prosperity for both industry and society. The pilot, scheduled to go live in early 2020, leverages cryptography, blockchain technology and biometrics and aims to allow . The WEF sees the circular economy as crucial to this new way of doing things, and the subscription business model as a major piece of it, being both environmentally sustainable and . Author: Michael Reddy. More information can be found on the World Economic Forum site at digital.weforum.org January 2016 4 World Economic Forum White Paper Digital Transformation of Industries: Digital Consumption 2. Executive Summary Businesses have always raced to keep up with changing customer expectations, but since the turn of the century, Forward. Digital technologies such as 5G and IoT deployed across a range of industries, such as manufacturing, can help reduce global carbon emissions by up to 15 percent by 2030. Front-runner Finally, the attention given to digital transformation has led HEIs to the implementation of different digital initiatives and the adoption of different approaches. According to the World Economic Forum, by 2022, over 60% of global GDP will be digitized and an estimated 70% of new value created over the next decade will be based on digitally enabled platforms. Digital technologies are transforming the automotive industry and disrupting traditional business models. Indeed, in both cases, 4IR technology has powered the reimagination of manufacturing and supply chains . "The world's environmental and social challenges are already disrupting business today," said Peter Lacy, chief . ; Digitally enabled logistics would satisfy the need for faster same-day delivery; facilitate industry adoption of emerging technologies like IoT, self-driving cars, drones . • Champion the customer experience, as pioneering organizations will start to reorient themselves around the consumer. For service providers to really take advantage of the benefits of network automation, especially as part of their digital transformation strategy, they must act [i] At the same time, our planet is facing critical challenges such as climate . Dutch full-service digital firm tailors a fast AI solution for fashion retailer. This talk abstract focuses the definitions of the concept of digitalization and digital transformation, explains the dimensions and principles of digital transformation and covers the enablers of exponential innovation through digitalization. Capturing unique perspectives from seven worldwide regions the World Economic Forum has identified as advanced manufacturing or major industrial hubs in its recent report: The Impact of COVID-19 on the Future of Advanced Manufacturing and Production: Insights from the World Economic Forum's Global Network of Advanced Manufacturing Hubs. Foreword There is widespread recognition among leaders in most industries that the role of digital technology is rapidly shifting, World economic forum white paper digital transformation of industries: in collaboration with Accenture. You can read more in-depth information in the white paper. White Papers describe research in progress by the author(s) and are published to elicit comments and further debate. World Economic Forum Digital Transformation Initiative: In collaboration with Accenture The electricity industry: uncovering value through digital transformation June 2016 The views expressed in this summary of a White Paper are those of the author(s) and do not necessarily represent the views of the World Economic Forum or its Members and . It is an ongoing initiative that serves as the focal point at the Forum for new opportunities and themes arising from latest developments in the digitalization […] 2019 4. Peter Klement (Associate Partner, DXC Technology), Frank Zeichner (CEO, IoT Alliance Australia), . Our spin-off company . . Microsoft. of this transformation in production: connectivity, intelligence and flexible automation. World Economic Forum partners to accelerate digital twins in cities. It offers an opening frame for a multiyear, cross-industry programme to co-create the new playbooks for executive decision-making and action in a post-pandemic business . White Papers are submitted to the World Economic Forum as contributions to its insight areas and interactions, and the Forum makes the final decision on the publication of the White Paper. Digital transformation of industries could contribute as much as $100 trillion in combined value for both industry and society by 2025, according to a recent study by the World Economic Forum. Development Goals . Digital Transformation of Industries The DTI initiative is a multi-year project examining the opportunities and challenges that digitalization is creating for business and society. This paper considers the impact of social . White Paper. World Economic Forum's (WEF) White Paper on Digital Transformation of Industries: Digital Enterprise, developed in collaboration with Accenture; Forrester's Report, The Digital Business Imperative, co-authored by Martin Gill and Nigel Fenwick; Digital is a fad; a trend that my business need not think about; Upskilling and repurposing staff is View World Economic Forum White Paper.pdf from AA 1World Economic Forum White Paper Digital Transformation of Industries: In collaboration with Accenture Logistics Industry January 2016 The views. The study was premised on desktop research using unobtrusive research . World Economic Forum White Paper. More information can be found on the World Economic Forum site at digital.weforum.org January 2016 3 World Economic Forum White Paper Digital Transformation of Industries: Digital Enterprise 1. Internet And this . Authors . The Digital Transformation Initiative (DTI) is a project launched by the World Economic Forum in 2015 as part of the System Initiative on Shaping the Future of Digital Economy and Society. Executive Summary Our analysis indicates that there is $1.5 trillion1 of value at stake for logistics players and a further $2.4 trillion worth of societal benefits as a result of digital transformation of the industry up until 2025. (2016) Which . The white paper also points out the direction of future energy development and puts forward the energy transformation pathways of power, oil and gas, and coal industries. Abstract. MGI Digital globalization full report. Future iQ Predictions. World Economic Forum White Paper Digital Transformation of Industries: Media, Entertainment and Information 2. World Economic Forum White Paper: Driving the Sustainability of Production Systems with Fourth Industrial Revolution Innovation. customers through a period of unprecedented industry transformation with the following beliefs: • Access to electricity is a basic human right; every person needs 333 World Economic Forum White Paper Digital Transformation of Industries: In collaboration with Accenture Digital Enterprise January 2016 The views expressed in this White Paper are those of the author(s) and do not necessarily represent the views of the World Economic Forum or its Members and Partners. Automation Alley. According to a White Paper prepared for the World Economic Forum, "There is widespread recognition among industry leaders that the role of digital technology is rapidly shifting, from being a driver of marginal efficiency to an enabler of . Study Resources. World Economic Forum White Paper Digital Transformation of Industries: Consumer Industries 2. . 2020-06-22 . World Economic Forum found that the combined social and industry value of digital transformation across industries may reach US$100 trn over the next Forum Digital Transformation of Industries project, . One of the most common problems faced in the digital strategies is the temptation to implement digital initiatives in silos or through a technology centric approach, which can result in a competition for scarce resources and . Beginning with the Polo brand, and involving hundreds of millions of individual products, the strategy — case studied by the World Economic Forum in a report published during the Global Futures Council meeting in Dubai last weekend — is proof of Ralph Lauren's intent to Lead with Digital, and establishes a new competitive benchmark for . World Economic Forum White Paper Digital Transformation of Industries: In collaboration with Accenture, Digital Enterprise, January 2016. Executive Summary Consumer industries touch people's lives in a way that few other industries can match. White Paper: Artificial Intelligence Within Cities . January 2016 4 World Economic Forum White Paper Digital Transformation of Industries: Logistics 2. Dive Brief: The World Economic Forum estimates logistics providers could benefit from a $1.5 trillion boost, with an added $2.4 trillion societal benefit if they embrace digital transformation, according to a recent report. Main Menu; by School; by Literature Title; by Subject; Textbook Solutions Expert Tutors Earn. World Economic Forum. Rise of the inclusive, sustainable consumers. Besides reports on its key events and standalone publications such as the Global Competitiveness Report, the Global Risks Report and the Global Gender Gap Report, the Forum . A report from the Economist Intelligence Unit, sponsored by the New Media Consortium, 2008. xii World Economic Forum, White Paper, Digital Policy Playbook, Approaches to National Digital Governance Report, 2017 . 3.1 Introducing the Asian Digital Transformation Index 6 3.2 Industry differences 6 Case study: Working with - rather than against - digital disruptors in fintech 8 . World Economic Forum reports may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License . World Economic Forum White Paper, Digital Transformation of Industries: In Collaboration with Accenture—Logistics Industry. 3. . The benefits of technology will lead to a new scientific renaissance, where scientific endeavor and innovation will be highly prized. The Index is a diagnostic tool that companies - across all industries and sizes - can use to better understand Industry 4.0 concepts, evaluate the current state of their facilities, architect a comprehensive transformation roadmap . Foreword There is widespread recognition among leaders in most industries that the role of digital technology is rapidly shifting, from being a driver of marginal efficiency to an enabler of fundamental innovation and disruption. As financial institutions expand their offerings to support customers and overcome the disruption caused by COVID-19 in Southeast Asia, regulatory scrutiny has increased to protect consumer data and adhere to data sovereignty regulations.The need to process sensitive data at its source without data crossing borders while delivering consistent global processes is more critical than ever. In the World Economic Forum's (WEF) 2018 report on the . January 2016 5 World Economic Forum White Paper Digital Transformation of Industries: Healthcare • Invest in resources for the digital era through bold investments rather than incremental improvements. Over the past two years, the DTI has analysed the impact of digital transformation across 12 industries and 5G gives us the potential to connect smart city infrastructure over private wireless networks, for seamless operation. . A triple transformation recipe for Industry 4.0. . Developed through the World Economic Forum's LCET initiative, this policy priorities white paper is accessible on the Forum's digital library and is signed by Air Liquide, BASF, Borealis AG, Clariant, Covestro, Dow, Johnson Matthey, Linde, Royal DSM, SABIC, SIBUR, Solvay, Total and Wacker Chemie. (312) 600-5433. hello@digitalauthority.me. REF 100616 USD 190 billion - potential value for the mining sector. According to a recent World Economic Forum report, by 2025, digitalization in the mining and metals industry could create: USD 425 billion - potential value addition for the industry, customers, society, and environment. USD 320 billion - potential value for the industry. The findings, interpretations and conclusions expressed herein are a re-sult of a collaborative process facilitated and endorsed by the World Economic Forum, but whose The World Economic Forum (WEF) has recently indicated their expectations regarding the profound impact digitalization in health care will have. REF 100616 White Papers describe research in progress by the author(s) and are published to elicit comments and further debate. wef-dti-mediawhitepaper . Digital middle east transforming the region into a leading digital economy. Estonia began its digital ID transformation by establishing a regulatory framework with two foundational pieces of legislation: . there are reasons to be hopeful as well, for both SMEs and MNCs. A collaboration by the World Economic Forum and McKinsey has identified 44 sites around the world as Industry 4.0 "Lighthouses": manufacturing sites where digital technologies were implemented at scale, and with significant . At the World Economic Forum Annual Meeting 2017 in Davos-Klosters, Switzerland, the Governors of the Supply Chain and Transport community, and the Stewardship Board of the System Initiative on Shaping the Future of International Trade and Investment, suggested that the Forum conduct research to better understand the impact of the Fourth Industrial Revolution on trade flows and supply . . 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