Technology is going to revolutionize almost every sector, leading to the demise of many traditional professions. Economic and political power will be determined less by a country's size than by its technological superiority.
Interpretation
Technology is changing industries and will redefine power dynamics between nations.
In this quote, Klaus Schwab highlights the transformative impact of technology on various sectors, suggesting that traditional jobs may disappear as new innovations emerge. He argues that a country's global standing will increasingly depend on its technological advancements rather than its population size or natural resources, signaling a shift in how power is understood in the modern world.
In practice
In a speech about future job markets, you could use this quote to discuss the impact of automation.
We must address, individually and collectively, moral and ethical issues raised by cutting-edge research in artificial intelligence and biotechnology, which will enable significant life extension, designer babies, and memory extraction.
Of all the many leaders I have met in the course of my life, none made a deeper impression on me than Nelson Mandela. His courage, compassion, humility and wisdom were without parallel on the world stage, and he himself was an enduring source of inspiration.
Corporate social responsibility is measured in terms of businesses improving conditions for their employees, shareholders, communities, and environment. But moral responsibility goes further, reflecting the need for corporations to address fundamental ethical issues such as inclusion, dignity, and equality.
Talent is a by-product of education; the quality of a country's human capital depends on it.
The world must become aware of the fantastic transformational power of social entrepreneurship and the Foundation will work as a catalyst in this effort.
As technology increasingly takes over knowledge-based work, the cognitive skills that are central to today's education systems will remain important; but behavioral and non-cognitive skills necessary for collaboration, innovation, and problem solving will become essential as well.
The trouble with energy farming is that the energy isn't always where you want to use it, and it isn't always when you want to use it.
I am living in the Google years, no question of that. And there are advantages to it. When you forget something, you can whip out your iPhone and go to Google. The Senior Moment has become the Google moment, and it has a much nicer, hipper, younger, more contemporary sound, doesn't it? By handling the obligations of the search mechanism, you almost prove you can keep up.... You can't retrieve you life (unless you're on Wikipedia, in which case you can retrieve an inaccurate version of it).
Historically, privacy was almost implicit, because it was hard to find and gather information. But in the digital world, whether it's digital cameras or satellites or just what you click on, we need to have more explicit rules - not just for governments but for private companies.
Technology innovation is starting to explode and having open-source material out there really helps this explosion. You get students and researchers involved and you get people coming through and building start ups based on open source products.
Is it a fact-or have I dreamt it-that, by means of electricity, the world of matter has become a great nerve, vibrating thousands of miles in a breathless point of time?
If you and your skills are a complement to the computer, your wage and labor market prospects are likely to be cheery. If your skills do not complement the computer, you may want to address that mismatch. Ever more people are starting to fall on one side of the divide or the other. That's why 'average is over.'
Subscribe for the occasional hand-picked quote. No noise.