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In a recently published article by Rebecca King, Leader of the Center for the Fourth Industrial Revolution at the World Economic Forum, 5 business leaders, data experts, explain how data can help tackle the world’s biggest challenges, including climate change, inequality, global health and economic resilience.

“With every advance in the digital world, we unlock an unlimited resource: data. It is both a by-product and a driver of global development that has transformed the way we make decisions,” says Rebecca.

The 5 experts consulted suggest the following:

Vijay Guntur, Corporate Vice President and Director of R&D and Engineering Services at HCL Technologies

“Leverage predictive analytics”

“2022 is anticipated to see a proliferation of Covid-19 mutations and the power of data will be the key to minimizing its impact on the world. Big data and IoT technologies are evolving at an unprecedented rate to enable us to collect, prepare, analyze, anonymize, and share pandemic-related data in volumes and at speeds that would have been unimaginable a few years ago. Access to a trusted global data ecosystem enables healthcare professionals, governments, and large enterprises to harness predictive analytics, model different scenarios, and refine and redeploy those models as more data becomes available.”

“We expect that the disruption we have seen in the global supply chain will continue throughout 2022 and that, once again, the power of data will be the key to relieving much of the stress this has caused. The use of low-latency data transmission over 5G networks, IoT data transmission, and real-time information will provide demand planning, forecasters, and logistics managers with better visibility into the various parts of their supply chain and will allow them to react instantly when problems arise.”

Igor Tulchinsky, Founder, Chairman and CEO, WorldQuant

“Developing a global talent pool”

“2021 reinforced that uncertainty is inevitable. Thanks to the growth of data and the ever-increasing power of AI and machine learning, we are now in the age of prediction. We have already seen the promise of prediction in sectors such as healthcare, where Weill Cornell Medicine enhanced its machine learning capabilities to predict Covid-19 infections in two hours, much faster than is possible with tests. of RT-PCR”.

“In 2022, I expect the role of predictive analytics to continue to grow across the public and private sectors, becoming embedded in many aspects of work and life. However, dealing with the rising tide of information requires a greater focus on developing a global talent pool with the right technical skills, unified by advanced and shared goals, to interpret it and realize the full potential of prediction.”

“The needs of the future present a great opportunity and maintaining a global mindset will allow new sources of talent to contribute significantly. Organizations are already embracing new ways of working, finding and developing talent, which will be critical to success in the age of prediction. There is tremendous potential for business and society to seize this opportunity and have an exponentially positive impact globally.”

Dr. Norihiro Suzuki, Vice President and CEO, Chief Technology Officer, General Manager of the Research and Development Group and General Manager of the Corporate Venturing office, Hitachi, Ltd.

“Allow data to flow across borders”

“The answer to many of our unsolved problems lies hidden in the almost unfathomable treasure trove of data that exists. This wealth of knowledge can accelerate solutions from climate change to urbanization to education. For example, through work with Japan’s Center for the Fourth Industrial Revolution (C4IR) and the G20 Smart Cities Alliance, we are harnessing data to create safer, more viable and more sustainable cities.”

“However, the lack of coordination in data governance and regulation is restricting international data flows: each country has only a fraction of the information it needs to face global challenges effectively. We need to allow data to flow across borders, building trust between businesses and consumers, aligning regulations across jurisdictions, and by governments and large organizations forming associations to support small and medium-sized businesses.”

Crystal Rugege, Managing Director, Center for the Fourth Industrial Revolution (C4IR) Rwanda

“Inclusive and responsible solutions”

“The last two years of the Covid-19 pandemic have amplified the critical role of data and technology in solving the deeply complex and highly dynamic challenges of our time. Looking ahead, we must prioritize building a comprehensive global data ecosystem that balances privacy rights, socioeconomic development, and technological advancement. This requires agile and interoperable data governance frameworks that provide a spectrum of instruments, from policies to regulations, that can be adapted over time as new thinking evolves.”

“In addition, we need high-quality, open data sets to build inclusive and responsible solutions that leverage machine learning and other emerging technologies to improve our ability to deliver at scale. Ultimately, a global multi-stakeholder approach to building the hard and soft infrastructure required to facilitate cross-border data flows and knowledge circulation will be imperative to build more resilient economies and more equitable societies.”

Kimberly Mathisen, CEO, Center for the Fourth Industrial Revolution (C4IR) Ocean

“Change the fate of the ocean”

“The old slogan ‘if you can’t measure it, you can’t manage it’ has never been more relevant. Industry 4.0 technology will allow us to manage and measure in ways that we are only just beginning to understand.”

“By sharing ocean data, we can change the fate of the ocean by unleashing the power of data, technology and collaboration. We see strong signs that the world is preparing to share more ocean data. That is the starting point for data to become powerful, accelerating good solutions for more sustainable blue food, more renewable energy sources and greener transportation, some areas where the power of data will benefit the ocean.”

These are just a few of the many reasons why data has become the oil of the 21st century. It is up to us to use this revolution of revolutions to solve the challenges of our time with a renewed mindset and using new technologies that allow us to achieve what until recently seemed unthinkable. We bet on the data. Soon I will share good news about what we are developing.

*The author is Founding President of the Ágora AC Strategic Thought Institute (IPEA). First Think Tank of young Mexicans and One million young people for Mexico.

Email: [email protected]

Twitter: @armando_regil

Armando Regil Velasco

Bachelor of International Business

Agora 2.0

Bachelor of International Business graduated with honors from Tec de Monterrey. He studied Economics and Public Policy at Georgetown University. It has various graduates from institutes such as: the University of International Business and Economics in Beijing.

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