SWITZERLAND – The 46th annual meeting of the World Economic Forum will take place this week starting Wednesday January 20th to Saturday January 23rd and Industry 4.0 is a central topic.

Klaus Schwab, founder and executive chairman of the World Economic Forum, said the scale, scope and complexity of this transformation will be unlike anything humankind has experienced. That’s why this year’s theme in Davos is “Mastering the Fourth Industrial Revolution.”

“The challenges are as daunting as the opportunities are compelling,” Schwab said of Industry 4.0. “We must have a comprehensive and globally shared understanding of how technology is changing our lives and that of future generations, transforming the economic, social, ecological and cultural contexts in which we live. This is critical, in order to shape our collective future to reflect our common objectives and values.”