Managing Director & Senior Partner; Global Leader, Global Advantage Practice
Four innovations—largely based on existing technologies—promise to improve the efficiency, speed, and comfort of travel, trade, and tourism by 2025, according to Connected World: Hyperconnected Travel and Transportation in Action, a new report by the World Economic Forum, produced in collaboration with The Boston Consulting Group.
The Forum’s three-year Connected World project culled from a long list of possibilities four innovations that stood out to offer profound societal and business opportunities. This report—based on year two of the project—identifies the existing technologies that can help actuate each innovation and presents potential operating models, recommends governance structures, and highlights challenges for implementation.
Because the technology needed to implement these innovations largely exists, successful implementation hinges on surmounting institutional barriers and forging cooperation between companies and the private sector.
In its final year, the Connected World project will focus on building policy dialogue to bring together the key stakeholders to accelerate implementation—first by launching pilot projects and then scaling those pilots to full operation.