Our analysis revealed common challenges across the five Fourth Industrial Revolution technologies we focused on: artificial intelligence (AI); mobility (including autonomous vehicles); blockchain; drones; and the internet of things (IoT). These challenges include a lack of regulation, misuse of technology and challenges in addressing crossborder differences. For instance, one estimate suggests that bitcoin accounts for more than 90% of ransomware payments. And the lack of effective regulation of facial recognition technologies coupled with incidents of misuse by law enforcement agencies have caused a backlash against this technology throughout the world.
The analysis presented in the Global Competitiveness Report Special Edition 2020 (herein: “report”) is based on a methodology integrating the latest statistics from international organizations and a survey of executives. The methodology, developed in collaboration with leading experts and practitioners through a three-year consultative process, is designed to support countries to identify relevant policies and practices. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of the World Economic Forum.