This is how organizations can use data to solve global problems

Davos 2023 Digitization can derive value from data and solve global problems when done properly. Crowdsource Innovation Unprecedented and recent challenges have hindered the world’s ongoing fight against long-standing problems, such as climate change. Digitization and harnessing data can provide solutions to global problems more quickly and effectively than before. Many organizations lack the know-how to create value from disparate pockets of data and a new collaborative and "data first" mentality needs to take hold. The world is at a critical inflexion point. We are in a time of heightened geopolitical, societal, environmental and economic uncertainty. The war in Ukraine upended the world’s fragile economic recovery from the pandemic and has driven up energy prices, which could hinder global efforts to deal with the climate emergency. But as these forces collide to create unique challenges, we have also seen a fundamental shift in the digital world that offers opportunities to solve societal problems and advance human progress. We are in the midst of the transition from a centralized to a decentralized age of digitization, where intelligent and networked devices, machines, buildings and infrastructures generate unprecedented amounts of decentralized data rather than in a central data centre. This data holds […]

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