Tackling the World's Challenges With Technology

Expectations are rising fast that business should help tackle societal challenges and do it profitably. Technology will clearly shake up how organizations operate in every way; no part of management will go untouched in a world of big data, ubiquitous sensors, and powerful analytics providing new levels of insight. But perhaps the most powerful transformation will change how companies manage their relationships with the larger world. Business, using technology wisely, will help build a thriving, resilient world. Of course, technology comes with its own environmental and social costs. Better AI and robots could mean fewer jobs. But the case for techno-optimism is strong. The Internet of Things, paired with smarter analytics, will help managers understand a companys impacts on the world in much greater detail. In the largest sectors of the economy, progress is coming quickly. More powerful computers and cheaper data will also make transportation systems smarter.