REFLECTIONS FROM THE WORLD ECONOMIC FORUM 2019, DAVOS SWITZERLAND: BUILDING A SUSTAINABLE FUTURE

January 31, 2019 - 3 minutes read

Transformation is occurring across geographical, sectoral and governmental boundaries.Never has this been more apparent than at the recent World Economic Forum in Davos. Despite the cold temperatures, I was buoyed by the commitment by all to work in partnership to achieve change. Change which is vital given the very real challenges that are faced as we move into the era of Globalisation 4.0 – the Fourth Industrial Revolution driven by rapid technological developments.

During Davos 2019, I had the pleasure of meeting with business leaders from a number of different companies from across the industry spectrum. It is always good to meet with other healthcare companies and Davos proved no exception. Ranging from traditional pharmaceuticals to genetic engineering firms, these meetings provided insight into how technology is being leveraged to achieve change. It was also valuable to share best practices and identify potential points of collaboration.

I also met some incredible technology companies with a powerful vision to do good. The eagerness to apply emerging technology into the healthcare space is encouraging and I’m excited at the prospect of applying new technology to our industry and delivering better healthcare across the world.

Aside from one-to-one meetings, the broader sessions organised at WEF itself were focussed, often with practical takeaways. Highlights for me included the Strategic Outlook on
the digital economy – where we heard insights from leaders at a range of global financial services and technology corporations on how to become intrinsically digital. Shinzo Abe, the Prime Minister of Japan, also gave a powerful address in which he painted the picture of Society 5.0 – where it is no longer capital but data that connects and drives everything, helping to fill the gap between the rich and the less privileged.

Of course, Mr Abe is absolutely right in his assertions. Rather like gasoline a 100 or so years ago, data and technology now hold the key to providing a better life for everyone. It has reconfirmed to me that our business approach, in working to blur the lines between technology and healthcare, is the right one. I look forward to exploring the opportunities that my time at Davos has provided and am already excited by the prospect of Davos 2020 and seeing how far we’ve come.