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The fourth industrial revolution: Day 4 at the World Economic Forum
Tim Hanlon
Europe;Europe

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11:53

 

Digitalization has come to the fore during the pandemic and the way it has accelerated under lockdown was the focus on day four of the World Economic Forum (WEF) in Davos.

Labeled the "fourth industrial revolution," the growth of technology has led to 50 percent of the world's population now being online and 66 percent having access to a mobile device.

The need for internet access is more important than ever due to COVID-19 restrictions, with many people now relying on it for working from home and for accessing education and health information.

 

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The WEF has pointed to digitalization as being core to jobs of the future and artificial intelligence alone is expected to boost global growth by 14 percent by 2030.

Ken Hu, deputy chairman of Huawei Technologies, talked to CGTN about how AI can aid health.

At the same time, digitalization has exposed the economic divide between the rich and poor. Currently 10 percent of people in low-income countries are broadband subscribers, compared with 90 percent from high-income nations.

Sara Pantuliano, CEO of the Overseas Development Institute, joined CGTN to talk about digital currencies and their future.

Meanwhile, Angelica Donati, CEO of Donati Immobiliare Group, talked about how technology and the pandemic are helping drive change the construction industry.

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