The future? An augmented projection of our experience

The future? An augmented projection of our experience

The World Economic Forum and the SEDB of Singapore imagine a post-pandemic world resulting from a normality 4.0 and Artificial Intelligence…

The conversation on January 21, 2022 between Janet Louise Yellen, Secretary of the Treasury of the United States of America, and Klaus Schwab, founder and executive chair of the World Economic Forum in Davos (Photo: Pascal Bitz/World Economic Forum)
The conversation on January 21, 2022 between Janet Louise Yellen, Secretary of the Treasury of the United States of America, and Klaus Schwab, founder and executive chair of the World Economic Forum in Davos
(Photo: Pascal Bitz/World Economic Forum)

Let's go back to reality. Let's start from where we left off, without being surprised by what is presented in front of us. Just as we have accepted the experiences of the last two years, let us now adapt to the evolutions to come. Because the near future is nothing but an augmented projection of our experience.
This is recalled by the brand new "The Global Smart Industry Readiness Index Initiative (SIRi): Manufacturing Transformation insights report 2022", published by the World Economic Forum, one of the leading international socio-economic research, in collaboration with the Singapore Economic Development Board (SEDB ), a government body that has elevated the Asian city-state of the same name to the protagonist of a business story that the world envies and that the figures struggle to explain.

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The Singapore Central Business District (CBD) of the city-state of the same name in a panoramic image
The Singapore Central Business District (CBD) of the city-state of the same name in a panoramic image

A city-state where innovation has outclassed manufacturing

Subordinating traditional manufacturing activities to innovation, Singapore today is one of the urban agglomerations with the highest density of millionaires among the resident population and the fourth largest financial center in the world.
If, the authors recall, an initial study prepared in 2019 by WEF and SEDB experts constituted one of the very first researches on the digital potential of manufacturing activities ("Smart Industry Readiness Index - SIRI"), after the pandemic the 2022 update of this the same report now presents itself as one of the most authoritative master-plans on the developments of "Industry 4.0", the link between past industrial methods and their future evolutions multiplied by artificial intelligence or AI.
Let's go back to giving space to the figures. Worldwide, over six hundred of the main companies, government bodies, and trade associations, distributed among the major economic powers on the planet including the United States, France, Germany, Italy, the United Kingdom, China, India, Japan and South Korea , to develop the SIRI methods they have created a network of 150 local supervisory authorities, the Certified SIRI Assessors (CSA), in turn supervised by a newly established International Center for Industrial Transformation (INCIT).

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Børge Brende, President of the World Economic Forum, and the President of the United States of America, Joe Biden, with John Kerry, US Special Envoy for Climate, and Bill Gates, of the Bill & Melinda Gates Foundation, in a private meeting at the forum COP26 World Cup in Glasgow on January 3, 2021
Børge Brende, President of the World Economic Forum, and the President of the United States of America, Joe Biden, with John Kerry, US Special Envoy for Climate, and Bill Gates, of the Bill & Melinda Gates Foundation, in a private meeting at the forum COP26 World Cup in Glasgow on January 3, 2021

The recovery of world finance? It will be fatally superdigital

This, we warn, is only the beginning. Now we come to the contents. It is now clear that the recovery of global finance will be digital. It is a choice justified by the facts.
In particular, the organizational shortcomings manifested during the pandemic today convince us that industrial and economic progress cannot be left to human competence alone, inadequate to face global tasks.
These assumptions, just as in theory open the way for the arrival of an "increased" normality, they also make it necessary from a practical point of view, in terms of recovery of the efficiency of the results.
Let's stop for a moment and remember it: even in terms of Smart Industry Readiness, the dialogue between human ability and digital competence today is forced to make a compromise that avoids a comparison between the past and the future that is as useless as it is sterile.
This change of mentality, the scholars note, “it will be favored by the digital revolution currently underway, where it is only thanks to big data”, the artificial ultra-expertise of theories and results, which “decision-makers now plan their strategies”.

Ana Brnabić, Prime Minister of Serbia, with top personalities of the World Economic Forum on February 7, 2022: Klaus Schwab, Founder and Executive Chairman, Børge Brende, President, and Jeremy Jurgens, Director General
Ana Brnabić, Prime Minister of Serbia, with top personalities of the World Economic Forum on February 7, 2022: Klaus Schwab, Founder and Executive Chairman, Børge Brende, President, and Jeremy Jurgens, Director General

WEF calls for a sharp paradigm shift for 'historical data'

These are the assumptions, warn the research departments of the World Economic Forum and the Singapore Economic Development Board, for which the International Center for Industrial Transformation (INCIT) promotes the global implementation of its directives.
“These developments need to be democratised”, the experts add, "divulging them and involving public opinion right now that the economic recovery is abandoning the operating model based on the analysis of historical data, to move on to the new predictive methodologies facilitated by artificial intelligence-AI".
To simplify the matter, let's say we're going from a "like before" for a “more than before, but digitised”.

Artificial intelligence will increasingly enter human life
Artificial intelligence will increasingly enter human life

Advanced electronics and pharmaceuticals major beneficiaries of AI

Driving sectors of this revolution, it is easy to predict, are advanced electronics, pharmaceuticals, and the producers of highly sought-after microchips, semiconductors, the lack of which today paralyzes world industry and creates inflation.
In these sectors, for now, it is the multinationals that are best adapting to the changes, thanks to their superior financial and logistical capabilities.
However, there is a need to make the same IT methods currently available to best-in-class industries accessible to second-level companies as well.
However, one fact is confirmed as indisputable: the future will be digital. And the study "Manufacturing Transformation insights report 2022", conclude the WEF and SEDB experts, serves precisely to remind all interested parties, whether industrial, administrative, or social, that the global production recovery will be possible thanks to shared procedures and applied without disparity.
This evolution should neither surprise nor surprise us.
Because, as in the past, we will also realize in the near future that the game of economic resilience is won with creativity and innovation.
In our anxious search for a new normality, for new socio-economic balances, we must start accepting a revision of the current industrial and methodological hierarchies.
But at the end of this journey we will find the reassuring confirmation that, as in the past, “If we want everything to remain as it is, everything must change”.

The "Black Knights", Singapore's aerobatic team, in an explosive nose-up
The “Black Knights”, Singapore's aerobatic team, in an explosive nose-up