(MENAFN - Khaleej Times) In an era that will soon be dominated by Artificial Intelligence (AI), humans must hold on to their values and empathy and integrate female values to the system, the World Economic Forum (WEF) founder said.
During his opening address 'Key Global challenges 2018,' Klaus Schwab, WEF founder & executive chairman, stressed on the responsibility of each government and company to "rescale and upscale 10 million people by 2020."
"It is estimated that AI will take over 40 per cent of jobs, so we have to rescale people today," said Schwab, at his opening address at the summit that officially started on Sunday.He emphasised that gender disparity must be addressed and female values must be integrated into the management of countries and business entities.
"It isn't a quantitative question but a qualitative one. it means accepting women on the same level as men." He added that AI's unprecedented growth and evolution should make humans focus on their empathy and emotions that will make them stand out from machines and create a change of mindset where female values are more integrated into the system.Schwab warned of a social crisis "characterised by huge income gaps" that sees distribution of what is considered "unfair."
"We cheat the next generation out of social welfare, we underfinance infrastructure, we have a yearly gap of $800 billion. If we look at the education system, it is suited for the end of 19th and 20th centuries but doesn't suffice for 21st century requirements."He warned of the income disparity and urged for a global income that's more inclusive. "We have to progress to situation where no one is left behind."
Schwab further noted that one of the biggest risks the world is facing in 2018 is the sociopolitical one that made the world multipolar during the past few years. "We don't have the same values, we only possibly have shared interests," said Schwab, noting that the multi-conceptual world will bring in more conflicts.Cybersecurity, he said, is another big risk that needs global collaboration to create a more reliable cyberspace. "Cyberspace is the backbone of the economy of the future: our e-economy, more than the physical economy," he added.
Governments, therefore, have to explore the future and create a roadmap to approach and realise the solution to "our future." "Never before has the speed of change has been so fast as in 2018, but also, never again will the speed of change be as slow as it is in 2018," concluded Schwab.Future fuel is data
Mohammed Al Gergawi, Minister of Cabinet Affairs and The Future, and Chairman of WGS, said the world will witness, over the coming 30 years, changes and developments faster than what human history witnessed over the last 3,000 years. He stressed that future fuel and wealth lie in data, and thus the future belongs to coders and programmers."The common factor between the top five companies in the world is that they're based on programming, because they realise the importance of data," said Al Gergawi, during the opening address on Sunday. He said AI is expected to add $15 trillion to the global income by 2030, which is double of fuel sales worldwide.
The minister added that regional governments must be aware of future fuel through developing new systems in education or risk not being part of the modern world. "Victory and loss for companies and victory and loss for governments will happen much faster than before," Al Gergawi said.Under the theme 'Shaping Future Governments,' the sixth edition of the summit will feature 130 global speakers in 120 key addresses and interactive sessions, with the aim of creaing new models of international cooperation by leveraging new technologies to develop governments.
The two-day summit sees over 4,000 personalities participating from over 140 countries, who will gather to discuss pressing issues facing humanity today and search for innovative solutions that enable governments to adapt to rapid changes.
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