All sectors of activity are massively impacted by the digital revolution, which includes, first and foremost, 5G (to be first used on a large scale at the 2020 Tokyo Olympics), allowing roughly a capacity of transmission of data 100 times that of present-day 4G.
This wave indeed includes IoT- the internet of things. It is anticipated that, by 2020, fifty billions objects will be connected…by the way, offering innumerable doors to “hackers”.
Also come into play: robotics, big data & analytics, artificial intelligence(AI) and blockchain.
This panoply of techniques has the potential of profoundly affecting all aspects of economic activity, turning business models upside down, while displacing jobs in the process. In particular, internet allows to cut out the “middle person”, cheaply putting in direct contact consumer and supplier.
Expected to be impacted early are the healthcare sector, advanced manufacturing, entertainment & gaming, as well as driver-less means of transportation, automobiles being on top of the list.
A country, such as Estonia, has been transformed into an e-country.
At the same time, societies feel brutalised by the digital tsunami. Our management, private or public, is like a baby in the wood about it. In addition, serious concern about cybersecurity is in order. Vertiginous scenarios and economic losses are evoked. Figures of $ 2 trillions losses world-wide for 2020 are mentioned as a result of “hacking”. Attendant ethical issues are highly challenging and not debated. As well, the control of private data by citizens is a key preoccupation.
The ¨lights and shadows” of the digital tsunami will be presented and discussed with outstanding speakers from industry and IMD. Also will participate leaders of projects in this area, staff from Geneva-based ITU, as well as experts on (smart) regulation, where Europe, fittingly, takes a leading role.
The nature and implications of the digital tsunami, characterised by the advent of 5G in 2020
The opportunities and threats of this digital revolution
security and privacy issues
All managers and executives, since this revolution affects all activities