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Hi, my name is Amalia Barthel.
I'm an adviser, consultant,
and an educator
in the areas of digital
risk, digital data risks,
privacy, compliance,
and governance.
In this talk in the digital
risk series titled:
Future Business Models and
the Role of Managing
Digital Risk,
we will explore future
business models
and the role of
managing digital risk
within these future
business models.
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The World Economic
Forum has published
a research on the future of work
and the future of
business models.
We will explore how these
match and what skills,
hence, knowledge of digital
risk and how to manage it
to support the realization
of business benefits
will help you stand out.
Data and connectivity are
not just important
tools to access
overseas markets and
customers but are
also key ingredients for
industrial production.
An effective supply of
data, connectivity, and
software already supersedes
the importance of labor and
electricity for most industries,
and is still growing thanks to
the emerging technologies
like machine-to-machine,
M2M, next-generation
mobile networks, 5G,
Internet of Things, IoT,
and digital automation.
Data flows continue to rely
on telecommunication services,
and the lack of competition
in telecoms markets
stifles the flow of data,
especially for businesses.
The emergence of
IoT, where devices,
sensors, and automated systems
communicate with each other,
often leveraging on
5G networks with
20 times shorter
latencies and 1000 times
better energy efficiencies
than previous networks
will seamlessly
connect sensors on
industrial equipment,
vehicles, and infrastructure.
In turn, IoT unleashes
an unprecedented
large-scale collection
of data that
enables big data analytics and
artificial intelligence to
optimize business processes,
logistics, planning or
pricing in real time.
Deploying connected
devices across
the supply chains enables
concepts like smart factories,
smart retrieval of
warehouse products and
digital manufacturing that
will radically change
the manufacturing
locations of the future.
National strategies and
visions already exist,
