This year's World Economic Forum in Davos takes place
amid continued global uncertainty and risk.
But in my conversations with many CEOs and government leaders around the world,
I am hearing calls for optimism and for bold action.
I expect three topics to dominate conversations in Davos
this week: first, AI, and in particular, Generative AI.
This is on everyone's mind.
At BCG, we believe 2024 will be the year companies
turn the vast potential of GenAI into real business impact.
To succeed, companies need to focus much more on their people
and how they embrace GenAI in their day-to-day work.
It's essential to change capabilities, processes, organization, setups,
incentives and leadership philosophies.
Second is geo-economics.
Over the next decade, world trade in goods is expected to trail
GDP growth, reversing a 20-year trend.
The growth that once came on the back of increasing
globalization is no longer a given, but the reconfiguring
also opens up new opportunities for many companies around the world.
Third, climate and sustainability.
COP28 produced
the boldest consensus agreement yet on accelerating the energy transition.
Now, business leaders need to integrate sustainability
into their core business strategy and in everyday operations.
This year's theme of the WEF is “Rebuilding Trust.”
That is so essential in each of these three areas – deploying
AI, evolving global trade and supply chains, and also
in making progress regarding climate and sustainability.
BCG’s delegation is looking forward to sharing our perspectives on these issues
and more throughout the week and in the year ahead.
Thank you.