Because "digital innovation" is the engine of economic recovery

A WEF study indicates digitization as the "anti-crisis formula" for the long-term growth that everyone aspires to, including states

The annual meeting of the World Economic Forum in Davos (Switzerland) in 2017
The "Moral Machine" was an installation by Tellart as part of the events and exhibitions in the Loft as part of the preparations for the annual meeting of the World Economic Forum in Davos (Switzerland) in 2017
(Photo: Pierre Abensur/World Economic Forum)

Nature does not proceed by leaps. Our society is also experiencing the same. It evolves slowly, until a series of circumstances leads to enter a new dimension.
This appears to be the new path after the world epidemic, and which will continue once the current Eastern European conflict is over.
The scenario examined in the report “La digital transformationand as an engine of recovery” del World Economic Forum summarizes and confirms that by now we have ceased to understand the digitization as one of the variables of our development.
Indeed, the very complications triggered by the pandemic now convince us that the artificial evolution of socio-industrial models, the so-called "digital transformation”, is the anti-crisis formula for that long-term growth to which we all aspire, including public administration budgets.
So let's archive the futuristic predictions that inspired the news until 2020.
La digital transformation currently underway leads to reprogramming our priorities, as well as redefining the essence and autonomy of industrial procedures.

The future? An augmented projection of our experience

The protection of the health of the inhabitants of the planet will pass through digitization
The protection of the health of the inhabitants of the planet will pass through digitization

From a "divisive factor" to an occasion for a rethinking of relationships in society

In short, as a dividing factor the “digital transformation” has unwittingly found itself becoming an occasion for a rethinking of societal relationships, at all levels: supply chains, workforce, consumers, government administrations and corporate groups.
To comply, industry and society are now revising according to the new ones digital protocols not only individual priorities but also value chains.
Both, let us not forget, as well as being useful for producing corporate income and goods for consumers, converge in generating income for state administrations.
Leading the IT revolution are digital leaders and their attitudes.

It is the data economy that triggers the fourth industrial revolution

"Feeding the digital economy" will become one of the musts of the World Economic Forum
Paul Ellis, Chief Executive Officer of Electron, from the UK, Antonio Neri, President and CEO nominee of Hewlett Packard Enterprise from the US, Philippine de T'Serclaes, Global Head, Thought Leadership and Strategic Partnerships of Schneider Electric from France, and Elena Cherney , Coverage Planning Editor of the “Wall Street Journal” newspaper from Canada, during the session “Powering the Digital Economy” at the annual meeting of the World Economic Forum in Davos (Switzerland) in 2018.
(Photo: Jakob Polacsek/World Economic Forum)

Between 2017 and 2019, in half of the cases, the substance of "Gen Z" doubled

Between 2017 and 2019, in over half of the cases, the substance produced by digital natives, the famous "Generation Z", progressed by 100%, against a modest 30% recorded by traditional businesses, penalized by cash sales and displaced by new consumer habits.
How to interpret these changes? First of all, the socio-environmental priorities of the public are now inspired by consumption models oriented towards long-term priorities, in a circular way, and which consider the needs of individuals but also those of the public and private community as a whole.
Easy to say: if still in 2019 the industry was investing in digital over $1,2 billion, in fact only 13 percent of executives believed companies would go computerized.
In the three-year period which will end at the end of the year, the industry has instead become aware that theartificial intelligence it is essential for devising new ways of profiting.
The latter, like it or not, as in the past and in the future, will still have to be created before being redistributed to the community.
Here are summarized digital modes which now rehabilitate the value of production and lead to the convergence of the interests of civil society and shareholders.

Aid to Ukraine? Innovation will be the sine qua non

The “Growing Up Digital” event at the World Economic Forum in Tokyo in 2016
The “Growing Up Digital” event (“Co-Growth for Tokyo 2020 and Beyond”) within the “World Forum on Sport and Culture” of the World Economic Forum in Tokyo (Japan) in 2016
(Photo: Sikarin Thanachaiary/World Economic Forum)

Production is increasingly agile and freed from dusty corporate hierarchies

Production, made agile by rapid managerial strategies and freed from dusty corporate hierarchies, now reappears as the ability to impose itself in digital commerce, and no longer only towards competitors.
These innovations also revolutionize the distribution channels, which archive the low-cost and just-in-time imperatives, all-immediately and at rock-bottom prices, and are in tune with the sensitivity of the operators active in the area, very agile in intercepting and retaining consumers.

Digital efficiency, innovation and inclusiveness are the order "remedies".

The “Growing Up Digital” event at the World Economic Forum in Tokyo in 2016
The “Growing Up Digital” event (“Co-Growth for Tokyo 2020 and Beyond”) within the “World Forum on Sport and Culture” of the World Economic Forum in Tokyo (Japan) in 2016
(Photo: Sikarin Thanachaiary/World Economic Forum)

Historical data in 63 percent of cases no longer integrate a strategic direction

La digital transformation, together with marketing, is also revolutionizing corporate decisions: historical data in 63 percent of cases now represent a problem and no longer a strategic direction.
In fact we are moving towards predictive, "granular" strategies, elaborated on homogeneous data, continuously updated by the AI.
Even the sales departments experience the revolution of digital transformation, and adapt to the new demands of consumers in terms of environmental sensitivity and social equity, popular today as Environmental, Social, and Corporate Governance, abbreviated as ESG.
Along the production chain, the redefinition of value and marketing also implied a verification of decision-making skills.
In the last three years, 42 percent of corporate strategies had to be updated.
The same goes for the skills of 54 percent of the workforce.

How to safeguard innovation from the high cost of money?

Innovation cannot ignore Virtual and Augmented Reality
Innovation cannot ignore Virtual and Augmented Reality

Information technology to bring the true needs of individuals back to the centre

In short, as a result of the rethinking of these procedures the digitization now it personalizes the commercial chains, going so far as to develop sales or financing plans aligned with the abilities and specific needs of individuals.
Pay attention to it. You read that right: needs.
Because one of the side effects of the socio-economic uncertainties of recent months has been to remind the stakeholders, the protagonists of our community now spoiled by the individualism guaranteed by the Internet, that the society to which we all belong in an only apparently indistinct way is instead made up of groups with different aspirations, possibilities and origins, but all collectively oriented towards improving the personal conditions of their own future.

Aid to Ukraine? Innovation will be the sine qua non

The conference "Advancing Digital Cooperation" of the World Economic Forum in 2022

In 2022, the World Economic Forum published the report "Digital transformation as an engine of recovery"
In 2022, the World Economic Forum published the report "Digital transformation as an engine of recovery"