Business Spotlight

English 4.0

Jedes Jahr Ende Januar treffen sich Persönlich­keiten aus Politik, Wirtschaft, Kultur und Gesellscha­ft in Davos. Auf dem Weltwirtsc­haftsforum erörtern sie Themen, die die Menschen weltweit bewegen, nicht selten mit dem Ziel, revolution­äre Veränderun­gen her

- EAMONN FITZGERALD writes daily at He uses social media to build relationsh­ips for organizati­ons. Contact: eamonn@eamonn.com

The Davos revolution

Klaus Schwab doesn’t look like a revolution­ary. He certainly doesn’t look like Che Guevara, who was a major figure in the Cuban revolution of the 1950s and whose face became an icon of revolution in popular culture. Schwab looks more like a man who was born in Ravensburg in 1938 than the Guerriller­o Heroico in Alberto Korda’s famous photograph of Che. But the 80-year-old is a revolution­ary in his own way.

In 1971, he founded the World Economic Forum. The annual meeting at the end of January in Davos brings together 2,500 business leaders, politician­s, economists, celebritie­s and media for four days to discuss the most important problems facing the world. The yearly talkfest in the eastern Alps of Switzerlan­d has created a new class of people known as “Davos Man” and “Davos Woman”. They speak English in all its global varieties and see themselves as totally internatio­nal. They don’t feel the need for any specific national identity and regard national borders as pointless.

In fact, Davos Man and Davos Woman believe national government is a thing of the past, something that’s unnecessar­y as we move into a future of global cooperatio­n. One can laugh at these people, and many do, or one can consider them to be the forerunner­s of a revolution that’s taking place today. In 2016, Klaus Schwab wrote a book titled The Fourth Industrial Revolution. In the introducti­on, he said: “We are at the beginning of a revolution that is fundamenta­lly changing the way we live, work and relate to one another. In its scale, scope and complexity, what I consider to be the Fourth Industrial Revolution is unlike anything humankind has experience­d before.” Now, Schwab is back with another book, Shaping the Future of

“Klaus Schwab is a revolution­ary in his own way”

the Fourth Industrial Revolution, co-written with Nicholas Davis, an Australian lawyer. Davis is very much a Davos Man. He lives in Geneva and, among other things, he’s described as “a strategy profession­al and scenario expert”.

“The good news is that the evolution of the Fourth Industrial Revolution is entirely within our power, and we are still at its very earliest stages,” write Schwab and Davis. This optimistic statement is very different to the warnings of the trendy historian Yuval Noah Harari, who fears a future in which computers will know us better than we know ourselves. Will we still be able to make our own choices? Or will we be politicall­y powerless and economical­ly helpless?

Harari is pessimisti­c, where Schwab and Davis are hopeful. In their words: “Individual­s are, ultimately, the people who will live in the future that technologi­es help to create.”

Along with artificial intelligen­ce, blockchain, additive manufactur­ing, robotics, geoenginee­ring and neurotechn­ology, Shaping the Future of the Fourth Industrial Revolution is filled with words like “externalit­ies”, “inflection points” and “developtor­y sandboxes”. The last in this list are the places where new ideas are tested, by the way.

This column was created in 2016 to look at some of the ideas emerging from the Industry 4.0 concept, which is at the heart of the Fourth Industrial Revolution. And as part of the Business Spotlight mission to make language easier to use, from now on, I’ll be looking here at key words and phrases that we need when talking about the Fourth Industrial Revolution.

“Individual­s will live in the future that technologi­es help to create”

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