Transformation in a rapidly changing world: states, companies, people

Bob Moritz, Global Chairman of PwC, spoke at the session of Sberbank, on the transformation in a rapidly changing world at the St. Petersburg International Economic Forum.

The technological revolution is leading to dramatic changes in society. Digitalization is emerging as the key trend across all industries. Yet the great opportunities that it is creating are accompanied by major cyberthreats. The participants of the session discussed how states, businesses should and people respond to this rapidly changing environment. One of the key points of the discussion was an issue if the state can become an information platform that gradually delegates the execution of its functions to the private sector.

Bob Moritz said that technology today is the main driver of change, but it’s not just technology, but also infrastructure that allows you to connect to it more than ever. The point is the presence of a huge number of devices and their reliability, in a huge amount of data and enormous computing power. But at the same time technologies lead to colossal uncertainty. People ask if a technological solution will replace me, whether this technology will destroy my business, whether competitors will overtake me, how I can attract investments to become a country or a city of the future.

Other panellists were Frans van Houten, Chief Executive Officer, Chairman of the Board of Management and the Executive Committee, Royal Philips; Sergey Kirienko, First Deputy Chief of Staff of the Presidential Executive Office of the Russian Federation; Guo Ping, Deputy Chairman of the Board, Rotating Chief Executive Officer, Huawei; Sergei Sobyanin, Mayor of Moscow.

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