White Paper Global Lighthouse Network: Insights from the Forefront of the Fourth Industrial Revolution In collaboration with McKinsey & Company December 2019 World Economic Forum 91-93 route de la Capite CH-1223 Cologny/Geneva Switzerland Tel.: +41 (0)22 869 1212 Fax: +41 (0)22 786 2744 Email:
[email protected] www.weforum.org This white paper has been published by the World Economic Forum as a contribution to a project, © 2019 World Economic Forum. All rights insight area or interaction. The findings, interpretations and conclusions expressed herein are reserved. No part of this publication may be a result of a collaborative process facilitated and endorsed by the World Economic Forum, but reproduced or transmitted in any form or by any whose results do not necessarily represent the views of the World Economic Forum, nor the means, including photocopying and recording, or entirety of its Members, Partners or other stakeholders, including the reviewers. by any information storage and retrieval system. Contents Foreword 4 Section 4: Human-centred future of production 24 Executive summary 5 Lighthouses prepare the workforce for Fourth 24 Industrial Revolution transformation Section 1: Insights from the forefront of the Fourth 6 Industrial Revolution Empowering the front line to innovate using 25 technology and data The Fourth Industrial Revolution is gaining 6 momentum, but not broadly enough Proactively building capabilities, both technical 25 and soft, and managing talent The gap between forerunners and the rest grows 6 Adjusting the