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Embracing change for business ecosystem 4.0

The digital revolution has already transformed our economies and society. It has transformed the way in which information is generated and accessed to such an extent that some have argued that data is ‘the new oil’. New technologies and tools have entered our daily lives at home and in the workplace. Companies have new ways of doing business, and digital platforms now provide services that used to be the bread-and-butter of retailers, travel agents, banks and trade and investment support institutions (TISIs). These changes are creating immense opportunities for many. At the same time, however, they pose risks to economic growth and inclusiveness where the business ecosystem is not set up to harness the power of new technological possibilities.

Related Subject(s): International Trade and Finance
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