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Digital Transformation World Economic Forum San Francisco

World Economic Forum prioritises tech with San Francisco hub


By John Glenday | Reporter

October 11, 2016 | 1 min read

The World Economic Forum is alighting on San Francisco for a new policy centre as it recognises the growing influence of technology in shaping the world economy.

Conceived as a means of connecting technology companies with policymakers the hub has been spurred by the belief that we are now in the midst of a ‘Fourth Industrial Revolution’, requiring a global approach to legislation and policy.

World Economic Forum founder and chairman, Klaus Schwab commented: “Depending on the collective choices we make -– as consumers, as communities, as business, government, and civil society leaders -– these technological breakthroughs could give us the power to move into a world that is even more prosperous, while being more sustainable and more inclusive.

“Alternatively, we could end up in a world where our economic, political and social systems are more rigid, more unequal and more conflicted.”

It is hoped that by establishing a physical presence in the heart of Silicon Valley the WEF can maximise the benefits of technological breakthroughs to global society whilst minimising the downsides.

Digital Transformation World Economic Forum San Francisco

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