Davos 2023 Digital technology can make business more efficient and profitable, but also smarter and more agile. Crowdsource Innovation Businesses need to undergo digital and sustainable transformations in parallel. They can use digital technology for everything from product development to manufacturing and operations, making use of vast amounts of data. To become a truly sustainable business requires a fundamental redesign of systems and processes. The next era of industrial transformation, enabled by technology and data, will impact all sectors and reshape the way we operate, interact, and consume. It will present an opportunity for business leaders to transform their business models and value chains in a sustainable way. This will involve navigating numerous risks and navigating a complicated context. We need to undergo two major transformations in parallel: digital transformation and sustainability transformation. Digital can not only make business more efficient and profitable but also more agile and smarter, adjusting to consumer needs and changing market conditions. The advent of smart products will give consumers a much stronger ability to take control based on accurate insights for their everyday lives. At the same time, business leaders need to play their part in our collective decarbonization and transition to a […]