Klaus Schwab Quotes

• “The changes are so profound that, from the perspective of human history, there has never been a time of greater promise or potential peril.”

  Klaus Schwab

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• “when two people are talking, the mere presence of a phone on the table between them or in their peripheral vision changes both what they talk about and their degree of connectedness.65”

  Klaus Schwab

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• “On the societal front, a paradigm shift is underway in how we work and communicate, as well as how we express, inform and entertain ourselves.”

  Klaus Schwab

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• “The second industrial revolution has yet to be fully experienced by 17% of the world as nearly 1.3 billion people still lack access to electricity.”

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• “To a large extent, the millennial generation is setting consumer trends. We now live in an on-demand world where 30 billion WhatsApp messages are sent every day32 and where 87% of young people in the US say their smart phone never leaves their side and 44% use their camera function daily.33 This is a world which is much more about peer-to-peer sharing and user-generated content. It is a world of the now: a real-time world where traffic directions are instantly provided and groceries are delivered directly to your door. This “now world” requires companies to respond in real time wherever they are or their customers or clients may be.”

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• “My concern, however, is that decision makers are too often caught in traditional, linear (and nondisruptive) thinking or too absorbed by immediate concerns to think strategically about the forces of disruption and innovation shaping our future.”

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• “Technology is not an exogenous force over which we have no control. We are not constrained by a binary choice between “accept and live with it” and “reject and live without it”. Instead, take dramatic technological change as an invitation to reflect about who we are and how we see the world. The more we think about how to harness the technology revolution, the more we will examine ourselves and the underlying social models that these technologies embody and enable, and the more we will have an opportunity to shape the revolution in a manner that improves the state of the world.”

  Klaus Schwab

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• “The more we think about how to harness the technology revolution, the more we will examine ourselves and the underlying social models that these technologies embody and enable, and the more we will have an opportunity to shape the revolution in a manner that improves the state of the world.”

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• “This work indicates that the fourth industrial revolution is unique, driven as it is by a global network of smart (network-driven) cities, countries and regional clusters, which understand and leverage the opportunities of this revolution – top down and bottom up – acting from a holistic and integrated perspective.”

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• “It may be too soon to tell, but extrapolating from current trends indicates that mobility will play an ever more important role in society and economics in the future than today:”

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• “As all these trends happen, the winners will be those who are able to participate fully in innovation-driven ecosystems by providing new ideas, business models, products and services, rather than those who can offer only low-skilled labour or ordinary capital.”

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• “Today, a middle-class job no longer guarantees a middle-class lifestyle, and over the past 20 years, the four traditional attributes of middle-class status (education, health, pensions and house ownership) have performed worse than inflation.”

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• “Shared understanding is particularly critical if we are to shape a collective future that reflects common objectives and values.”

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• “The fact that a unit of wealth is created today with much fewer workers compared to 10 or 15 years ago is possible because digital businesses have marginal costs that tend towards zero.”

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• “The fourth industrial revolution, however, is not only about smart and connected machines and systems. Its scope is much wider. Occurring simultaneously are waves of further breakthroughs in areas ranging from gene sequencing to nanotechnology, from renewables to quantum computing. It is the fusion of these technologies and their interaction across the physical, digital and biological domains that make the fourth industrial revolution fundamentally different from previous revolutions. In”

  Klaus Schwab

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• “Technology is not an exogenous force over which we have no control. We are not constrained by a binary choice between “accept and live with it” and “reject and live without it”. Instead, take dramatic technological change as an invitation to reflect about who we are and how we see the world.”

  Klaus Schwab

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• “the cost of storing information is approaching zero (storing 1GB costs an average of less than $0.03 a year today, compared to more than $10,000 20 years ago).”

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• “OpenAI,”

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• “The app economy provides an example of a new job ecosystem. It only began in 2008 when Steve Jobs, the founder of Apple, let outside developers create applications for the iPhone. By mid-2015, the global app economy was expected to generate over $100 billion in revenues, surpassing the film industry, which has been in existence for over a century.”

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• “Las empresas capaces de combinar múltiples dimensiones —digital, física y biológica— a menudo son exitosas en generar una disrupción de toda una industria y sus sistemas de producción, distribución y consumo.”

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• “This book is organized in three chapters. The first is an overview of the fourth industrial revolution. The second presents the main transformative technologies. The third provides a deep dive into the impact of the revolution and some of the policy challenges it poses. I conclude by suggesting practical ideas and solutions on how best to adapt, shape and harness the potential of this great transformation.”

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• “Since the first Industrial Revolution, the average real income per person in OECD economies has increased around 2,900%.”

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• “While inequality between countries has reduced considerably since the 1970s due to the rapid development of emerging market nations, inequality within countries is rising.”

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• “To paraphrase Madeleine Albright, we face the task of understanding and governing 21st-century technologies with a 20th-century mindset and 19th-century institutions.”

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• “Chapter Summary The Fourth Industrial Revolution is a new chapter in human development, driven by the increasing availability and interaction of a set of extraordinary technologies, building on three previous technological revolutions. This revolution is only in its early stages, which provides humankind with the opportunity and responsibility to shape not just the design of new technologies, but also more agile forms of governance and positive values that will fundamentally change how we live, work and relate to one another. Emerging technologies could provide tremendous benefits to industry and society, but experience from previous industrial revolutions reminds us that to fully realize them, the world must meet three pressing challenges. To attain a prosperous future, we must: Ensure that the benefits of the Fourth Industrial Revolution are distributed fairly Manage the externalities of the Fourth Industrial Revolution in terms of the risks and harm that it causes Ensure that the Fourth Industrial Revolution is human-led and human-centred As leaders grapple with the uncertainty brought about by rapid technological change, adaptation does not require predicting the future. Far more critical is developing a mindset that considers system-level effects, the impact on individuals, which remains future oriented and is aligned with common values across diverse stakeholder groups. So, for the future, the four important principles to keep in mind when thinking about how technologies can create impact are: Systems, not technologies Empowering, not determining By design, not by default Values as a feature, not a bug The regulation, norms and structures for a range of powerful emerging technologies are being developed and implemented today around the world. The time for action is therefore now, and it is up to all citizens to work together to shape the Fourth Industrial Revolution.”

  Klaus Schwab

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