Sustaining Economic Expansion
Panel Session

The Fourth Industrial Revolution – driven by the convergence of digitalization, robotics, and additive manufacturing – is promising to herald a new era in production efficiencies and productivity. This is expected to not only result in reduced costs and enhanced product development, but eventually it could fundamentally alter the role of labour in the entire global economy. The resulting disruptions are not without risk and, if not properly managed, could spur greater income inequality as well as the disenfranchisement of large sectors of the workforce. How can such potential negative effects be addressed and what role can governments play to ensure smooth transitions in labour markets? How should businesses adjust their strategies, if at all, to take into account the potential social impact resulting from Industry 4.0?

Bruno Berthon , Global Managing Director, Digital Strategy Lead, Accenture

Gianpietro Benedetti , Chief Executive Officer, Danieli
Markus Borchert , Senior Vice President, Market Europe, Nokia
Stephen Brobst , Chief Technology Officer, Teradata
Valentin Gapanovich , Senior Vice-President for Innovation Development, Russian Railways
Terence O'Rourke , Chairman, Enterprise Ireland
Stanislav Protassov , Co-Founder, Senior Vice-President of Engineering, Acronis
Murat Sönmez , Chief Business Officer, Member of the Managing Board, World Economic Forum
Robert Urazov , General Director, WorldSkills Russia, Agency for the Development of Professional Communities and Skilled Workers
Olga Uskova , President, Cognitive Technologies
Stefan Hoechbauer , President for Middle and Eastern Europe, SAP SE


Key moments

We need to automatize the process and introduce changes in the data, and this will require a stronger cooperation with the school systems.
Gianpietro Benedetti
New technology platforms will create opportunities for jobs. Skills play a key role and we need to look at the education systems and teach our children to be creative, to collaborate and learn.
Murat Sönmez
The labour market is turning global. Many companies will soon be forced to compete on the global market, rather than within just one country.
Stanislav Protassov
The main issue in exploiting data is not technology, but the skills needed to understand what these data mean.
Stephen Brobst
Skilled employees will be the number one force driving successful digital transformation.
Stefan Hoechbauer
The only way to support workforce transformation and requirements is to offer cloud-based human capital management systems.
Stefan Hoechbauer